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Wednesday, 7 November 2012

Best & Worst ETFs and Mutual Funds: Large Cap Value Style
























Mutual Fund houses refuse to launch SEBI's Rs 20000 cash pay option
Economic Times
MUMBAI: The capital market regulator's best laid plan to widen the reach of mutual funds has gone awry with most fund houses refusing to launch the transaction facility that allows them to collect cash investments up to Rs 20,000 from small retail ...
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Economic Times
How much share capital is enough for AMCs? The debate begins
Livemint
The next big thing on the platter of the Securities and Exchange Board of India's (Sebi) advisory committee on mutual funds (on whose recommendations, Sebi's made changes in MF rules) is whether to increase the minimum share capital required to set up ...
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Livemint
US bond funds see least demand since July-ICI
Reuters
By Sam Forgione NEW YORK, Nov 7 (Reuters) - Investors in U.S.-based mutual funds put the lowest amount of new cash into bond funds since July in the latest week, while becoming less averse to stock funds, data from the Investment Company Institute ...
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Best & Worst ETFs and Mutual Funds: Large Cap Value Style
Benzinga
The Large Cap Value style ranks fourth out of the twelve fund styles as detailed in my style rankings for ETFs and mutual funds. It gets my Neutral rating, which is based on aggregation of ratings of 39 ETFs and 727 mutual funds in the Large Cap Value ...
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Investor Pull Money From Funds Broadly
Wall Street Journal
Investors pulled $488 million from long-term mutual funds in the latest week as equity-fund levels continued to weaken and as hybrid funds recorded a slight decline, according to the Investment Company Institute. Bond and hybrid funds have mostly ...
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Funds under management rise at Old Mutual
ShareCast
Funds under management (FUM) at the end of September stood at £263.3bn versus £254.3bn at the end of June. Net client cash flow was negative during the quarter, easing by £0.5bn, but a massive improvement on the £5.4bn yanked from Old Mutual's core ...
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Best And Worst ETFs And Mutual Funds: All-Cap Growth Style
Seeking Alpha
The all-cap growth style ranks fifth out of the twelve fund styles as detailed in my style rankings for ETFs and mutual funds. It gets my Neutral rating, which is based on aggregation of ratings of two ETFs and 490 mutual funds in the all-cap growth ...
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Bridgehampton Capital Management LLC Announces Launch of its First Mutual ...
4-traders
Bridgehampton Capital Management LLC, a manager of long-biased hedged and unhedged investment partnerships and privately managed accounts, has announced the introduction of the Bridgehampton Value Strategies Fund, its first open-ended mutual ...
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Janata Party president Subramanian Swamy on Wednesday said Shri Nitin Gadkari should be given a second chance



Facing stiff resistance from his own party colleagues, the troubled president of Bhartiya Janata Party (BJP) -- Nitin Gadkari -- has found support from ally Janata Party.



Subramanian Swamy backs Nitin Gadkari, says Congress behind BJP chief's troubles

In an interview to Headlines Today, Janata Party president Subramanian Swamy on Wednesday said Shri Nitin Gadkari should be given a second chance. He said Gadkari's offer for a fair probe was in sharp contrast to the Congress's opaque defence of Robert Vadra and Rahul Gandhi's alleged wrongdoings.

"Gadkari has asked to hold an inquiry, why is the government not doing it? It is a targeted attack on him," Swamy said defending his BJP counterpart.

"If I were a member of BJP, I would have raised the issue... What should Gadkari quit for and what would it achieve? Is it because they want him out and a more pliable person be brought in his place," he asked.

Swamy said Gadkari did not need to resign. On BJP Rajya Sabha member Ram Jethmalani's demand for Gadkari's resignation, Swamy said he was entitled to his view.

He accused the Congress of cooking up charges against Gadkari. "How can you ask him to quit before an inquiry," he asked.

Attacking Congress general secretary Digvijaya Singh, Swamy said he should know it was a crime to hold back information. "He (Digvijaya) says he has information on Vajpayee's son-in-law and Advani's family. Is he holding it back so that he can blackmail," Swamy questioned.

Talking about his dispute with the Election Commission, he blamed it for not giving him a hearing. "When I raised the National Herald issue, it was after I had done due diligence. It is easy to doubt and accuse me of double standards... Election Commission should have given me a hearing. They practise double standards," Swamy said.

Nitin Gadkari to remain India BJP chief
BBC News
India's main opposition Bharatiya Janata Party (BJP) has said that Nitin Gadkari will remain the party chief after a senior BJP MP asked him to step down following corruption charges. There was "no legal or moral wrongdoing" by him, the party said ...
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BBC News
Won't quit BJP, will carry on fight against Gadkari: Jethmalani
Hindustan Times
BJP's Rajya Sabha member Ram Jethmalani, who has demanded the resignation of Nitin Gadkariover "dubious" funding of his company, today said he will carry on his fight against the BJP president but will not quit the party. "I will carry on my fight ...
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Subramanian Swamy backs Nitin Gadkari, says Congress behind BJP chief's ...
India Today
Facing stiff resistance from his own party colleagues, the troubled president of Bhartiya Janata Party (BJP) -- Nitin Gadkari -- has found support from ally Janata Party. In an interview to Headlines Today, Janata Party president Subramanian Swamy on ...
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India Today
BJP backs Nitin Gadkari, LK Advani skips core group meeting
NDTV
Despite a very public and high-decibel revolt, the BJP not only continued to back its president, Nitin Gadkari today, but, after a two-hour-long meeting of top leaders at the party headquarters in Delhi, exonerated him from charges of corruption or ...
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Nitin Gadkari safe for now, rethink on second term likely next week
IBNLive
After standing firm for most part of the day, senior BJP leader Ram Jethmalani appeared to be softening his stand on party president Nitin Gadkari whom he had been pressing to resign following corruption allegations. However, after party leaders, ...
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BJP core group meet ends, party reiterates support to Gadkari
IBNLive
"We have full faith in Nitin Gadkari. He has done no wrong - legal or moral. S Gurumurthy was present during the meet. He briefed the party members about the business dealings of Nitin Gadkari. He has investigated the charges against him," Ravi Shankar ...
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Nitin Gadkari hangs on, gets clean chit from BJP
Times of India
Gadkari, who faced an open challenge from prominent party MP Ram Jethmalani, got a reprieve on the basis of Gurumurthy's investigation into his business practices. Sushma Swaraj and Arun Jaitley, leaders of opposition in the two Houses of Parliament, ...
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Nitin Gadkari survives, but at what cost?
Livemint
First Published: Tue, Nov 06 2012. 02 08 PM IST. Nitin Gadkari is facing allegations of impropriety and has been accused of allegedly favouring a construction companywhen he was public works department minister in Maharashtra. Photo: Sajjad Hussain/...
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Livemint
The party needs to find a more suitable president than Nitin Gadkari
Times of India
He hasn't betrayed much of a political instinct helming the party, and he has endangered his party's anti-corruption plank by himself coming under the scanner for corruption. Gadkari's company, Purti Power and Sugar Ltd, is under probe by tax agencies ...
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Gadkari relieved but future uncertain
Zee News
New Delhi: Although his political future is at stake and he is fast losing support but beleaguered BJP party president Nitin Gadkari is a bit relaxed at the moment, with the Rashtyriya Swayamsewak Sangh (RSS) reportedly intervening and asking the cadre ...
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If We have Dreams We have Life :-)



If We have Dreams We have Life :-)


Zindagi Hai To Khwaab Hai
Khwaab Hai To Manzilein Hai
Manzilein Hai To Fasaley Hai
Fasaley Hai To Rastey Hai
Rastay Hai To Mushkilein Hai
Mushkilein Hai To Hausla Hai
Hausla Hai To Vishawas Hai

Vishawas Hai to a Khayaal hai
Khayaal hai to Khwaab hai
Khawab hai to Growth hai
Growth hai to Zindagi hai
Zindagi hai to khwaab hai


EU: Eurozone recession to be worse, rebound slower




EU: Eurozone recession to be worse, rebound slower
Businessweek
BRUSSELS (AP) — Europe's economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union warned Wednesday as it downgraded its forecasts for the 27-country bloc.
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The economy Obama faces: Slow but gaining steadily
The Associated Press
And, oh yes, an economy that risks sinking into another recession if Congress can't reach a budget deal to avert tax increases and deep spending cuts starting in January. Yet the outlook isn't all grim. Signs suggest that the next four years will ...
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The Associated Press
Long Greek recession can end next year: EU
Reuters
ATHENS (Reuters) - Greece's battered economy will begin to claw its way out of a six-yearrecession in the second half of next year and grow modestly in 2014, the European Commission forecast on Wednesday. Offering a more optimistic outlook than the ...
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The Great Recession Is Just Like The Great Depression
Forbes
The parallels between the Great Recession we're suffering through now and the Great Depression pre WWII are rather closer than many seem to think. And no, I don't mean in the sense that “Wall Street messed up now we're all suffering”. Nor even in the ...
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September job openings tick down to 3.56 million
MarketWatch
WASHINGTON (MarketWatch) -- Job openings at U.S. workplaces ticked down to 3.56 million in September from 3.66 million in August, the U.S. Labor Department reported Tuesday. Compared with the prior year, job openings rose 2% -- private openings ...
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Outrageous misconceptions surround recession
Opelousas Daily World
This country is at a historic crossroads, and the path we've chosen can determine our future far beyond the next four years. Our children and grandchildren may someday bless us or curse us for how we voted. Against that background, it is painful to see ...
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Forex: EUR/USD plunges on EU recession in 2012
NASDAQ
FXstreet.com (Barcelona) - Besides of keeping an eye on the Greek Parliament vote on austerity, totaling an amount of €13.5B, to ensure the next aid tranche from donor countries, and consequently, to keep Greece from bankruptcy, the market is now ...
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Recession-hit graduates doubt the value of their degrees
Telegraph.co.uk
The lack of available graduate jobs during the recession meant 40 per cent of graduates leaving university in 2009 were in non-graduate jobs 18 months after finishing their degrees, according to the study. A comparable study following students who ...
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Telegraph.co.uk
Why A Recession Is Unlikely Now
Seeking Alpha
Measured by real output (GDP), the U.S. economy has made a complete recovery from the 2007-2009 recession now that real output in Q3 of this year at $13.6 trillion (2005 dollars) was 2.2% (and $290 billion) higher than the $13.32 trillion of real GDP ...
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The Recession Probabilities Index Is Predicting A 100% Chance Of Recession
Business Insider
During my usual morning reading process I came across a posting on PragCap by Cullen Roche regarding a chart of U.S. recession probabilities. The chart can be found at the St. Louis Federal Reserve website and is derived from a study by J. Piger and M.
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Rackspace: In search of really huge accounts

Rackspace: In search of really huge accounts
GigaOM
With its OpenStack-based cloud coming online, Rackspace CEO Lanham Napier says the company can take on Amazon Web Services for the biggest of big accounts, provided those accounts want the sort of value-add service Rackspace provides.
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GigaOM
Singapore claims highest understanding of cloud in APAC
ZDNet
Companies in Singapore are the most confident of their knowledge about cloud computing across the Asia-Pacific region, thanks to the strong push and lead by the government for enterprise cloud adoption and national efforts to attract service providers ...
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Joyent has a new product and new CEO
GigaOM
The moves are in preparation for a big play in the coming months as the company looks to build the right computing platform for data and cloud applications. Structure Europe 2012 Jason Hoffman of Joyent photo: JULIADEBOER PHOTOGRAPHY. Joyent, the ...
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GigaOM
The Opportunities And Losses Caused By Cloud Computing In Disaster Recovery
CloudTweaks News
For those who integrated cloud computing to back up data and streamline operations during Superstorm Sandy, disaster recovery and continuity were guaranteed for a while. In fact, for businesses whose operations were purely cloud-based, continuity and ...
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The Safest Way to Invest in "the Cloud" and Earn 5% Yields
StreetAuthority
And nowhere is it more apparent than in the high-growth cloud-computing sector. Companies that specialize in cloud services and infrastructure have seen big gains in sales and earnings in the past few years as the trend of outsourcing technology ...
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Datacentrix unveils cloud offering for local market
ITWeb
Datacentrix, a provider of high performing and secure ICT solutions, has officially introduced its cloud computing offering, aimed at assisting enterprise-level customers in meeting their off-premise outsourcing needs. Says Jan Dry, CTO and head of ...
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Crypto keys can be stolen from neighbours in the cloud
New Scientist (blog)
Cloud servers let users run simulations of an ordinary computer, called virtual machines (VMs), on remote hardware. A VM performs exactly as an ordinarycomputer would, but because it is entirely software-based, many of them can run on a single ...
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New Scientist (blog)
Cloud Channel Summit: Business Models Emerge For Partners
CRN
Channel partners looking for a way to build a cloud practice found several possible paths Monday at the Cloud Channel Summit at the Computer History Museum in Mountain View. Partners heard from a series of cloud deployment veterans who outlined a ...
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Netflix open sources dynamic query goodness for Amazon cloud
GigaOM
Video streaming giant Netflix, which has become something of an Amazon Web Services whisperer, is open sourcing code for a dynamic querying tool that can help engineers “learn the stories” of their AWS cloud deployments, according to a Netflix blog post.
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GigaOM
GreenButton Cloud Fabric Platform Helps MSPs Move Compute Intensive ...
The Complete Managed Services Resource
GreenButton, an IT automation and utility computing software provider, has launched its GreenButton Cloud Fabric. The server solution enables users that are running compute intensive applications to deploy, manage and run multiple applications in ...
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Kingfisher Airlines Limited needs to raise $1 billion by Nov 30: Chairman of State Bank of India



Dr Vijay Mallya Left with No Resources to Restart KFAL



Ailing Kingfisher Airlines Ltd needs to raise or commit at least $1 billion by November 30, the Chairman of State Bank of India told reporters on Wednesday, adding that lenders are not looking at liquidating the carrier's assets as of now.

The bank is the leader of a 17-bank consortium, which has lent about $1.4 billion to the debt-ridden carrier.

Kingfisher, once India's second-largest airline, has not flown since the start of October after a protest by employees, unpaid since March, turned violent.



Kingfisher's combined dues for Delhi and Hyderabad airports (both operated by GMR) are about Rs 75 crore. The GMR Group has filed suits over bounced cheques. "The entire overdue amount needs to be securitized before Kingfisher can fly again from these places," said the official.



Kingfisher does not have any hangar at the GMR-run airports. A number of its planes are parked in open at the old international terminal of IGI Airport like "Christmas trees". "The airline used to take whatever parts it needed from the parked planes to keep its skeletal fleet flying before October 1. That's why they were nicknamed Christmas trees," said sources.

Meanwhile, some Kingfisher employees did not get the second pay cheque they were promised before end of October. Kingfisher EVP Hitesh Patel wrote a mail to employees: "I have received many SMS and calls reference salary. I can assure you that the salary for ALL employees was paid yesterday (October 31) as committed, in fact the full salary from various banks was debited from the KFA account and confirmed by us yesterday evening so I expect the balance of the employees to get the SMS today as the banks processes the salary."

The Kingfisher lounge was the only lounge by an Indian carrier at T3 international side. Air India's lounge is not ready yet. Emirates and Lufthansa are the only two airlines with lounges. All other airlines use two common lounges for their business and first class passengers.


Kingfisher Airlines shares down 5% for second day

Kingfisher Airlines shares break 7-day rally, fall 5%

Kingfisher Airlines to vacate hangars at Delhi, Mumbai, Chennai, Kolkata Airports

BSE lowers circuit limit for United Breweries Holdings shares





Kingfisher Air Should Raise $1 Billion of Capital, Lender Says
Businessweek
Kingfisher, which halted flights about five weeks ago, needs to raise new funds this month, Chaudhuri said, without saying how much. He declined to give a timeframe for when the Bangalore-based company needs the full $1 billion. Kingfisher owed 14 ...
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Kingfisher Airlines' losses widen
BBC News
Losses at India's Kingfisher Airlines widened in the July to September quarter, adding to fears about the future of the embattled carrier. It made a loss of 7.5bn rupees ($138m; £87m) during the period, compared with 4.7bn rupees a year earlier ...
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BBC News
Kingfisher crisis affects holidayers as air fares soar
Times of India
CHENNAI: The crisis in Kingfisher Airlines has hit holidayers this festive season. A getaway to Port Blair or Colombo is expected to burn a hole in the pockets of passengers as air fares have soared for travel for Diwali, Christmas-New Year and Pongal.
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SBI wants ailing Kingfisher to pump $1 billion by month-end
Daily News & Analysis
The State Bank of India (SBI), the largest lender to ailing Kingfisher Airlines, wants the airline's promoters to bring in a minimum of $1 billion (about Rs5,400 crore) from any source by month-end so that the airlines can be revived. "...we do not put ...
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Kingfisher Airlines needs to raise $1 bln by Nov 30 - SBI
Reuters India
NEW DELHI (Reuters) - Ailing Kingfisher Airlines (KING.NS) needs to raise or commit at least $1 billion by November 30, the chairman of State Bank of India told reporters on Wednesday, adding that lenders are not looking at liquidating the carrier's ...
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Seymour Pierce Gives Sell Rating to Kingfisher (KGF)
Daily Political
Kingfisher (LON: KGF)'s stock had its “sell” rating reaffirmed by Seymour Pierce in a research note issued on Wednesday. They currently have a $3.84 (240 GBX) price target on the stock. A number of other firms have also recently commented on KGF.
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Corporation Bank Loan Exposure to Kingfisher at Rs 160 cr
INDOlink
The carrier had borrowed 160 crore from the bank, Corporation Bank Executive Director A L Daultani told PTI when asked about its loan exposure to the beleaguered airline. He said he is hopeful by virtue of efforts taken by banks consortium for recovery ...
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Kingfisher Airlines needs to raise $1 billion by Nov 30: SBI
NDTV
Ailing Kingfisher Airlines needs to raise or commit at least $1 billion by November 30, the chairman of State Bank of India told reporters on Wednesday, adding that lenders are not looking at liquidating the carrier's assets as of now. The bank is the ...
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