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Linkfest:March 15, 2013
Some stuff I am reading today morning:
Direct benefit transfer scheme will go pan-India by year end (BusinessLine)
10 things the Cobrapost sting tells us about banks (Firstpost)
How London’s gold and silver prices are “fixed” (ET)
India’s economy leaves job growth in the dust (Bloomberg)
Break the rules (Subramoney)
7 dirty words of trading (TraderHabits)
Neglected stocks are typically in strong hands (AlephBlog)
People launching hedge funds faster than they can fail (Dealbreaker)
How Wall Street raped Detroit (TRB)
The silver shortage of 2013 (DailyReckoning)
Just love his reasoning…
Today there was a press conference by Cobrapost where they alleged that HDFC Bank,ICICI Bank and Axis Bank indulged in money laundering.
The markets saw this breaking news conference and yawned.At the time of writing this,
Axis Bank (-0.82%)
HDFC Bank (-0.33%)
ICICI Bank (-0.47%)
These declines are par for the course when Nifty is down by 0.18% and Bank Nifty is down by 0.13%
Does this mean that the markets already knew this “news” or does it mean that markets know that these banks will not face any material fines/penalties?
This is India !
Hattip Rajkumar Shaw
