Fwd: Today's Exclusives - The Life Insurance Corporation coughs up crores for tobacco investments

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Oct 13, 2011 at 6:20 PM
Subject: Today's Exclusives - The Life Insurance Corporation coughs up crores for tobacco investments
To: palashbiswaskl@gmail.com

 

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13 October 2011   Moneylife Exclusive The Life Insurance Corporation coughs up crores for tobacco investments Moneylife Digital Team LIC has invested Rs3,600 crore in three tobacco companies in 2010-11, and has acquired more shares of ITC over the years. This has been revealed through an RTI query...     Exclusive Column     Maruti Suzuki industrial unrest at Manesar: The inside story Veeresh Malik The strike at the Maruti Suzuki plant at Manesar has entered the 5th day. Production has stopped and the workers have taken over the plant, staging a 'sit-in' protest. What has fuelled this ugly face-off?       Other ML Exclusives   Emerald Multi Marketing is rapidly expanding and MLM schemes keep sprouting like mushrooms after a cloudburst. Why are regulators silent? Despite constant attempts by Moneylife to warn the public from 'investing' in MLM, get-rich-quick, pyramid and Ponzi schemes, the authorities have taken no notice. Nobody has learnt from the Speak Asia fiasco. Now, Emerald Multi Marketing, an MLM company registered in Mumbai, is rapidly increasing its customer base... ............................................................................................................................................. Chola Critical Healthline: Crowded market gets yet another critical-illness plan Cholamandalam MS General Insurance's product covers 10-12 critical illnesses, with no medical check-up until 55 years and lifetime renewal. But the premium is on the higher side... .............................................................................................................................................. Daily Market Report: Share prices range-bound for now Nifty is ranged between 5,060 and 5,130... .............................................................................................................................................. Reduce halts to gain speed on Mumbai local trains, say experts Cyclic timetable appears to be a well-tested scientific tool of timetable planning which has benefitted many countries in their public transport operations. It can also be used successfully on Mumbai's vast suburban rail network... .............................................................................................................................................. The RBI and the Ministry of Finance should view the MFIN-sponsored NCAER study on small borrowings with a great deal of caution Can a study sponsored by MFIN, the association of for-profit NBFC MFIs and conducted by NCAER to enquire into the operation of MFIN's own member-NBFC MFIs—on aspects such as multiple lending, over-indebtedness and coercive repayment—address various issues in a fair manner? .............................................................................................................................................. Regulation: Appointments & Disappointments Interference of ministry or the PM in the selection of the SEBI head is the norm... .............................................................................................................................................. Mediclaim Portability: Some gain, a lot of pain Watch out for what IRDA did not say... .............................................................................................................................................. Personal finance today - Baroda Pioneer MF launches 367 days fixed maturity plan - Kotak Mahindra MF launches 18 months fixed maturity plan - Sundaram MF launches Sundaram Fixed Term Plan–BM   ON STANDS NOW At a Glance   - Oil ministry allocates 7.23 mmscmd of ONGC gas to power, fertiliser units - Food inflation eases to 9.32% for week ended 1st October - Goa govt told to furnish data on iron ore exported through MPT - Indian pharma industry to gain from proposed GCC-India FTA - Power ministry asks oil ministry to allocate gas to 10 power projects   Corporate Wrap-up   - HUL eyes 13% market share in shampoos by FY13 - I-T searches at Pipavav group firm in Mumbai, Delhi - Maruti Suzuki introduces limited edition Alto Xplore Moneylife Columns     A workable microfinance & financial inclusion policy: How can it be formulated? Ramesh S Arunachalam India needs a microfinance policy that is holistic, futuristic and yet practical in terms of satisfying unmet ground-level financial needs of low-income and excluded people. It should be developed through a truly bottom-up and democratic process with widespread stakeholder input and consultations...     Can you ask for other students' answer-sheets? No, that's misuse of RTI Vinita Deshmukh The Film & Television Institute of India recently received an RTI application demanding answer-sheets of other students, by a prospective student who failed to get admission to an Animation & Computer Graphics course in 2010. The appeal was eventually rejected as being ultra vires of the RTI Act ...       Face 2 Face   Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. Excerpts:..   Editor's Pick   China's trade surplus narrows, IMF issues warning China's surplus has dipped to $14.50 billion in September, from $17.80 billion in August. And the International Monetary Fund has said that euro-zone troubles and a possible severe American economic slowdown could significantly impact Asia. ...................................................................................................................................................... RIM crippled by BlackBerry outage The crisis could not have come at a worse time. ...................................................................................................................................................... European banks face severe risks: ECB The sovereign debt crisis threatens to derail the EU banking industry, with a looming liquidity crunch—and many lenders face insolvency. ...................................................................................................................................................... Amazon Kindle 4: A sneak peek The gizmo has shrunk in size—and price. ...................................................................................................................................................... What can Tim cook up for Apple? The company may require a repositioning for the post-Jobs journey. ...................................................................................................................................................... Graphic of the Week Steve Jobs: Life seen through his lens.     Book Review   Written in stone: Over the years Shukti Sarma A bare-bones history of life...   FROM the ARCHIVES   Equity mutual funds rake it in despite bearish mood Equity mutual funds record Rs1,440 crore in September inflows after a great August, thanks to the success of systematic investment plans... ...................................................................................................................................................... Bharti AXA Life Triple Health Insurance plan: How does it measure up? Bharti AXA's plan offers cover of a maximum of three times the sum assured under the policy, while covering three critical illnesses. The premium is waived by the insurance company after payment for the first critical illness. But it comes with some riders...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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Palash Biswas
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