Fwd: Today's Exclusives - SEBI announces reforms in IPO, mutual fund rules; leaves investors cold

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Aug 16, 2012 at 7:39 PM
Subject: Today's Exclusives - SEBI announces reforms in IPO, mutual fund rules; leaves investors cold
To: palashbiswaskl@gmail.com

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16 August 2012   Moneylife Exclusive SEBI announces reforms in IPO, mutual fund rules; leaves investors cold MDT/PTI SEBI announced a slew of measures today covering IPO and mutual funds. Many of them will have no effect, since SEBI refuses to acknowledge that the vast majority of people are disillusioned with IPOs and mutual funds...   ADVT Other ML Exclusives   Newly amended RTI rules: The good, the bad and the ugly What's objectionable is that the government not only adopted secrecy in amending the rules but also seemingly 'misplaced' the file containing suggestions from citizens, as revealed in an RTI reply... .............................................................................................................................................. Insurance Claims: Can the insurers be trusted? Policyholders often have go to courts to receive their claims... ............................................................................................................................................... Counterfeit notes from ATMs or tellers: The latest position This is a subject Moneylife has written on many times in the past. It now appears that RBI has finally taken some steps. It is now up to you as a consumer to ensure that your bank/branch/ATM is subscribing to those RBI directives... ............................................................................................................................................... Unreliable situation from Reliance If Reliance was aware of the steep fall in gas production; it ought to have taken alternative steps to obtain the gas to cover the shortfall, and ensure its subsidiaries lay the pipelines on schedule, so that the country does not suffer... .............................................................................................................................................. Maruti Suzuki: Trouble at Manesar The recent imbroglio at the Maruti Suzuki's Manesar plant may have serious ramifications for the future of Gurgaon and the National Capital Region... .............................................................................................................................................. Watch CPI data for inflation: Morgan Stanley The global investment bank said that the RBI is facing a dilemma on policy action in the current stagflation-type environment. Growth is slowing yet inflation remains a challenge... .............................................................................................................................................. Kemrock Industries: Shares plummet on poor results and pledging of shares Kemrock Industries & Exports tumbled to nearly half its price in 10 days. Poor results, increasing finance costs and additional pledging of shares has resulted in investors dumping the stock... ............................................................................................................................................... Reliance Life to hire 50,000 advisors this fiscal while the sector faces growth challenges While the insurance sector is seeing subdued employment potential, Reliance Life has already hired around 7,000 advisors in April and May and expects the number to cross 50,000 persons in fiscal ending 31 March 2012... ............................................................................................................................................... Is ethical business possible in this corrupt world? The lasting solution to the problems of corruption is to raise the next generation in the time tested Indian methods of value based education. Education is the taming of the animal instincts in man and transforming him/her into a social being with societal obligations... ............................................................................................................................................... Ek Tha Tiger: is Salman the 'tiger' of the box office? On its first day, 'Ek Tha Tiger' apparently recovered about 50% of its production cost and all the shows of this Salman-Katrina starrer in the Mumbai circle are supposedly fully booked for the first week... ............................................................................................................................................... US presidential polls: Romney's right turn It is difficult to see how Paul Ryan will appeal to the independent voter who is in the middle of the political spectrum rather than to the right. Mitt Romney's decision is bold. The question is—is it wise? ............................................................................................................................................... Daily Market Report: Nifty, Sensex under pressure If Nifty breaches 5,330, it may reach the level of 5,245... ................................................................................................................................................... At a Glance   - Large number of people from North East flee Bangalore - HC asks media houses to file affidavits on Mamata's comment - India's gold demand may dip 33% to 700 tonne in 2012: WGC - Black money: India to set up 14 new overseas I-T offices - Luxury cars do poorly in new crash tests - Corrupt public servant deserves no sympathy says High Court     Corporate Wrap-up   - Maruti to lift lockout at Manesar, resume work on 21st August - RBI proposes to tighten banks' exposure norms to group companies - ICICI Bank raises $750 million worth bonds from overseas market - NALCO to invest Rs40,000 crore in energy sector - NMDC Q1 net profit up nearly 6% to Rs1,906 crore - LIC cuts stake in ACC by about 3%     Personal Finance   - Consumer Forum asks New India Assurance to pay Rs49 lakh compensation - RBI asks banks to keep interest rates variations on FDs to minimum - IndusInd Bank partners with ElectraCard for prepaid forex card - Peerless Mutual Fund launches 'Peerless Flexible Income Fund       FROM the ARCHIVES   The truth about Mercedes India-2: Absence of regulation! After filing several complaints to various authorities including the Competition Commission, Cama Motors, which raised the stink on Mercedes Benz, asks if there any authority in India which can take a decision on such matters in customers' interest... ...................................................................................................................................................... SEBI and SBI questioned about underperforming scheme. Can SEBI do much? Underperformance of mutual fund schemes is a serious cause of concern for investors. Fund companies opt for mergers while SEBI just looks on...   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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