Fwd: Today's Exclusives - Mismanaged bids causes ONGC auction fiasco

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Mar 1, 2012 at 7:46 PM
Subject: Today's Exclusives - Mismanaged bids causes ONGC auction fiasco
To: palashbiswaskl@gmail.com

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1 March 2012   Moneylife Exclusive Mismanaged bids causes ONGC auction fiasco Moneylife Digital Team Complete mismanagement of the bidding process by the two stock exchanges is being blamed by market intermediaries for the disinvestment auction fiasco, where subscription had to be managed in a hurry towards the end of trading... .................................................................................................................................................... Sahara Life Insurance caught for multiple violations; penalised for a mere Rs12 lakh Moneylife Digital Team Sahara Life Insurance has been caught for several violations which resulted in a Rs12 lakh penalty. There were 23 issues raised by IRDA, for which Sahara was let off leniently. Did Sahara Life Insurance get away too easily? ....................................................................................................................................................   Other ML Exclusives   Veritas charges DLF of window dressing Since the IPO, the DLF management has faltered at every step in executing its grandiose vision. Veritas points out that even as the stock price has crashed 80% from its peak... .................................................................................................................................................... Daily Market Report: A rally likely Watch for 5,460 on the Nifty... .................................................................................................................................................... Satyam Bhruyaath, Priyam Bhruyaath, Na Bhruyaath Satyam Apriyam! Once our politicians become healthy they will automatically become good human beings. They would empathise with the suffering majority to understand their sorrow and try to ameliorate their curse. Greed, anger, arrogance, corruption, and even unhealthy competition will all disappear from the political scenario... .................................................................................................................................................... Sistema Shyam blames SEBI, BSE and NSE for not listing the company The mobile operator, in which Russian government has a stake, was quick to invoke its right under BIT signed between India and Russia after its licence got cancelled by the apex court. However, for over 42 months it has sidelined a high court decision and is blaming the regulators for non-listing... .................................................................................................................................................... Tax savings on health insurance should continue: Max Bupa CEO Dr Damien Marmion, the chief executive officer of Max Bupa Health Insurance, says that Jan-Feb-Mar is great for business due to tax savings angle. He is positive on IRDA draft guidelines on bancassurance... .................................................................................................................................................... Robust sales and poor earnings in December quarter The market is trying to look beyond the bad patch of December... .................................................................................................................................................... New packaging regulations may affect growth and margins FMCG players will lose flexibility to adjust weight, high probability of price rise... .................................................................................................................................................... 82% of engineers unemployable in the IT sector: Aspiring Minds survey The findings reveal that out of the 5,00,000 students that graduate every year, a dismal 3.51% are appropriately trained to be directly deployed on projects... ....................................................................................................................................................     .................................................................................................................................................................. Personal finance today - Fresh round of loan recasts to be riskier for banks, says Barclays - Business gets worse for private life insurers; MetLife bucks trend - HDFC launches online property search portal in Kolkata - Birla Sun Life MF launches Gold Fund     At a Glance   - Exports grow 10.1% in January to $25.34 billion - Govt approves buyback of PSU shares to expedite disinvestment - PSU shares gain as government approves buyback - UTV Software to stop trading on NSE from 9th March - Govt's fiscal deficit breaches annual target in January   Corporate Wrap-up   - Tata Motors sales increases 19% to 92,119 - Muthoot Finance's Rs500-crore bond issue opens tomorrow - Bata India Q4 net up 31% at Rs45 crore - Claris Lifesciences 2011 annual revenues at Rs738.77 crore - Glenmark Generics receives USFDA approval for two new drugs - Maruti Suzuki February sales rises 6.5% to 118,949 units - Toyota Kirloskar Motor's sales at 16,659 units in February 2012     FROM the ARCHIVES   Another fuel price increase? The issue with the renewable energy business, like the infotech and telecom business, is that it does not lend itself to the business of patronage, power and pelf because the product is not really getting moved around physically. At the core of the issue on why we will continue to suffer from the after-shocks of fuel price increases is this reality. Enough with the burning of effigies; time to demand renewable energy solutions as part of electoral promises—and time to make it an electoral issue too... ...................................................................................................................................................... Despite SC judgment, HSC Board refuses copy of answer sheet under RTI A student from Mumbai who appeared for her HSC Board examination in October 2011 has been denied last week, copies of her original answer sheets of the three subjects...   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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