Today's Exclusives - Kejriwal targets RIL; alleges Mukesh Ambani received undue favours from Congress, BJP

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31 October 2012   Moneylife Exclusive Kejriwal targets RIL; alleges Mukesh Ambani received undue favours from Congress, BJP Moneylife Digital Team Arvind Kejriwal alleged that RIL has been receiving undue favours from the government—both the NDA and UPA—and Mukesh Ambani is using pressure tactics to appoint the petroleum minister...     Other ML Exclusives   Why are builders reluctant to pay VAT @5%? Due to lack of transparency and poor records builders are unable to claim input tax credit available under the tax provisions. But they still expect property buyers to cough up the additional money... ........................................................................................................................................ Festive season loans and offers: Do they really help you save? Timed with the festive season, various consumer loans and offers are being thrown at you. Are they worth it? Do you really need them? ........................................................................................................................................ Best Equity Funds in the September '12 quarter Who were the winners and losers of the recently ended quarter? Here is an analysis... ....................................................................................................................................... Consumer Protection: No change in 40 years Companies continue to ignore consumer feedback today as they did 40 years ago, despite great advancement of technology and talk of consumer empowerment... ........................................................................................................................................ Not much help from RBI even in 2013? "Policy easing to be limited to about 50-75 bps in 2013," says Morgan Stanley Research... ......................................................................................................................................... HUL downgraded to SELL; target Rs490 Espirito Santo believes that slowing volumes and increased competition coupled with high valuation means it is time to sell HUL... ......................................................................................................................................... Punjab National Bank gets thumbs-down from brokerage "We expect Punjab National Bank to continue to see asset quality troubles for some time as it recovers from the excesses of its past growth. We would stay away, and reiterate our 'SELL' recommendation," says Espirito Santo Securities in its evaluation of the PNB stock... ........................................................................................................................................ Mirza International doubles operating profit; stock up nearly 10% One of the reasons for this impressive turnaround is because the company purchased less material, perhaps anticipating less demand in face of global economic difficulties... ......................................................................................................................................... Narmada Gelatines posts outstanding 62.39% increase in net profit; share price skyrockets 9.13% Narmada Gelatines, a micro-cap stock, saw its share price skyrocket on Bombay Stock Exchange after reporting outstanding results for the September 2012 quarter... ......................................................................................................................................... American Diary: Six days to go; why Bill Clinton Rocks Bill Clinton says that the election outcome might depend on the vote in Adams County. After his speech in Denver, everyone feels that President Obama has a strong case and will prevail and overcome... ......................................................................................................................................... Daily Market Report: BSE Sensex, Nifty may see weakness continuing Late gains helped the market close in the green but Nifty's downtrend may be mitigated on a close above 5,645...   At a Glance   - Nilam intensifies into severe cyclonic storm - Court asks Centre to file docs on land allotted to DIAL in two weeks   Corporate Wrap-up   - LIC sells shares worth $1 billion in 15 Sensex companies - IDBI Bank Q2 net profit falls 6.3% to Rs483.5 crore on higher provisions - TDSAT directs DoT to return Videocon Telecom's bank guarantee - Fraport to exit Delhi airport JV by June - ABG-LDA JV announces immediate exit from Haldia Port   Personal Finance   - Mutual fund distributor registration fees slashed by up to 80% - LPG consumers can now fill up KYC form till 15th November     FROM the ARCHIVES   A Strange Committee on Investor Issues and its Bizarre Report The Ministry of Company Affairs had set up a peculiar committee on investor issues in which I was a member. The report was done hurriedly and core investor issues that we at Moneylife Foundation have been highlighting, were ignored. On another topic, while Rajat Gupta's jail term is temporary the damage to his reputation is permanent... ...................................................................................................................................................... A hassle-free step-by-step guide to deal with the EPFO While the EPFO's interaction with subscribers has improved, much remains to be done with what is essentially supposed to function like a bank but ends up like a tax authority. This is a guide to an essentially hassle-free experience to obtain details of EPFO...   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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