The Hindu Business Line : Sunday, April 06, 2003

Stock prices: Watered down by drought
THE effect of a widespread drought may start getting reflected in the earnings numbers that are due this week on. This may cap any sharp upside in stocks. The effect of the drought has been priced in to some extent, but there is room for negative ... More

TAKING COUNT

US-64: No cash for everyone
FOR US-64 unit-holders, the deadline for opting for cash has been extended to April 10. However, it looks like unit-holders may not need the extension. It is now clear that for all classes of unit-holders, irrespective of their tax status, not ... More

SIMPLE ECONOMICS

What is portfolio alpha?
THE article on mutual funds in `Insight' discusses portfolio alpha. What is alpha? It is the risk-adjusted returns that a portfolio manager generates in excess of the risk-adjusted returns expected by the Capital Asset Pricing Model (CAPM). ... More

TAX TALK

Capital gains and real estate
I PURCHASED a house in 1974 for Rs 87,000. I now propose to sell the same for Rs 86 lakh. How will this gain be treated? Are there any investment options so as to avoid the payment of capital gains tax? Can I reinvest the proceeds in more than ... More

KNOW YOUR LAWS

Consumer law in action
ACTIONS under consumer law have become more commonplace now. The Consumer Protection Act, 1986 is the law that serves to protect consumers' interests. A consumer is defined as any person who buys any goods for consideration, paid or ... More

IN FOCUS

BSES: Why the dressing up
WHAT is happening at BSES? Since February last, when the Reliance group acquired majority control, there have been some interesting changes in the company. The latest is the "de-subsidiarisation" of nine of its subsidiaries, announced to the ... More

FD WATCH

Cholamandalam Investment and Finance: Value for money
THE fixed deposit programme of Cholamandalam Investment and Finance could be a worthy option. The interest rates offered are lower than that offered by companies such as Ashok Leyland Finance. However, the company 's strong fundamentals and ... More

FUND WATCH

HSBC alters its load structure
HSBC Mutual Fund has again altered the load structure of its equity scheme. The load is linked to the amount of investment. For investments of less than Rs 25 lakh, the load will be 2 per cent, and for between Rs 25 lakh and Rs 3 crore, it will ... More

COMMENT

Certification for MF agents
SCAN through the financial section of any newspaper which details the net asset values of mutual fund schemes, and you will see that the variety of products and options offered by mutual funds has multiplied enormously in recent times. ... More

AUTO FOCUS

SPORTS UTILITY VEHICLES...

... on the prowl
THE raging debate in the US now is if buying a large, gas-guzzling sports utility vehicle (SUV) is unpatriotic. With the US' increasing dependence on oil from West Asia and the current standoff in the Gulf, car buyers in the US are revisiting ... More

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