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SEBI Gets Tough on HSBC after MoneyLife’s Expose

Moneylife’s action to expose HSBC for mismanaging the funds of singer Suchitra Krishnamoorthi has paid off; SEBI has now asked HSBC to explain its behaviour ...

Akshaye Khanna Gets 100% Risk for Trusting “Double Your Money in 45 Days”

Actor Akshaye Khanna has been “duped” of Rs. 50 lakh by a couple that promised to double his money in 45 days. (HT @madmanweb) Actor Akshaye Khanna has ...

Killer Jeans But Not That Killer a Company

I comment at Fundoo Professor’s Blog Post on Kewal Kiran Clothing: (First, an intro. Kewal Kiran makes Killer Jeans. This is an interesting business, priced ...

MSF Borrowing Reaches a Record 736 Billion; Liquidity Is Very Tight

Banks borrowing through the Marginal Standing Facility (at 10.25%) has now gone to an extreme, at 73,000 cr. The dip you see around September 3/4 was due to a ...

MCX Loses 40% of Total Open Interest In The Last Few Days

While MCX Shares hit upper circuits everyday, something’s wrong with the picture here. The open interest is what is carried over to the next trading day. ...

Nifty Snapshot: Technically Weak But Bounce Expected to 5500 at Expiry

The Nifty has just made a lower high and lower low and rebounded back up. Well below the 50 and 200 day moving averages, the Nifty remains in bearish ...

Gold Duty Increased to 10%, Even as Gold Imports Slow

So it doesn’t look like gold imports are coming down in any way. The government has increased customs duty on Gold to 10% (from 8%). Additionally, excise ...

The Big Macro Week of Aug 16

This is going to be a week high on data. Money: There are two 11,000 cr. auctions of cash management bills, on Monday (Aug 12) and Tuesday (Aug 13). The impact ...

Capital Mind's Timeline of the NSEL Crisis

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Probe into LIC’s Stake in Gitanjali Gems

The government owned insurer, LIC, had bought a large stake in Gitanjali Gems in 2012, continuing to purchase more stock, and ending up with 4.89% with 45 lakh ...