The Hindu Business Line : Sunday, October 23, 2005

Behind the correction — Global reasons dominate
Global linkages, and not fundamentals, are causing undue volatility in stock prices in the short term. Domestic investors, too, seem partly to blame as their entire behaviour is reactive. Better industrial performance and higher economic growth can b reak this cycle, but fiscal and monetary policies should facilitate the right environment for this. More

SIMPLE ECONOMICS

Stop-loss!
CONSIDER this. Your friend has bought 2,000 shares of Karur Vysya Bank at Rs 575 per share and 2,000 shares of Tata Steel at Rs 410 per share. Assume that his portfolio generated profits of Rs 2.5 lakh this month from purchase and sale of 10 ... More

TAX TALK

More on the `fringe' menu
I UNDERSTAND that individuals are not subject to the fringe benefit tax (FBT). What is the position with regard to a proprietary concern? In the case of partnership firms, companies and so on, will the FBT be payable even in respect of telephones ... More

NSC interest
WILL interest on National Savings Certificates (NSC) qualify for deduction under Section 80C? V. Dundur Reply Under the NSC VIII issue, which is in operation now, the interest, except in the last year, is not paid but credited to the ... More

IN FOCUS

Mid-caps: Going beyond their face value
Contrary to the popular notion, mid-cap stocks are not instant money-spinners. They are only for the patient investor and require a fairly long investment horizon. More

FUND WATCH

Dividend spree from MFs
The fund will focus on sectors that can benefit from the boom in consumer demand for services. Emerging service sectors such as retail, BPO, aviation and tourism will be targeted by the fund apart from conventional services such as software ... More

BOOK VALUE

Success is a way of being, not just a shopping list
SO many apparently intelligent people chase after success `in the most foolhardy and bird-brained manner', and pay for `cock-eyed success' dearly — "with peptic ulcers, broken marriages and crazy lifestyles," writes Robert Holden in ... More

LAW LANE

Insurance policy cancelled `behind the back'
AN INTERESTING question of `vast legal importance' came up before the Kerala High Court in Oriental Insurance Co Ltd vs Sivankutty. A Division Bench of the court had sent this poser for reference: "Whether the insurer is liable to pay ... More

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