Sunder’s List

Roundup: S&P +0.73%. Dow +0.39%. Nasdaq +0.68%. Gold +0.23% to $1,607.90. London +0.96%. Germany +1.62%. France +1.88%.

RBI has a report out that shows that, over the past four decades, there was a 18-fold rise Five Rupee Coinin the price level. So does this mean that they finally admit that the Rupee is worthless? (Hindu)
Mutual fund offerings will soon come with color codes to remind investors about the kind of risk they may be taking. What about color coding management fees? (ET)

BP and Reliance plan to jointly invest more than $5 billion in the next three to five years to boost natural-gas production in the Krishna-Godavari basin. (WSJ) [stockquote]RELIANCE[/stockquote]

A series of production bans and export tariff hikes – designed to help local steelmakers – have pushed India’s iron ore exports to the point of collapse. What was until recently the third- largest exporter of the commodity used in steelmaking, after Australia and Brazil, risks having to import large amounts of ore for the first time in decades. (FT) [stockquote]SESAGOA[/stockquote]

The pointlessness of analysts: over the last decade analysts have typically expected 50% of companies to report sales growth in a 2%-8% range, yet only 23% have actually delivered sales within this range. Simply put, biases make consensus estimates worthless. (ZH)

Speaking about worthless, State-run LIC sold shares worth Rs 12,600 crore (about $2.32 billion) in companies related to financial, auto and pharma sectors in the October-December quarter. And rotated into energy, metal & mining and software companies (ET)

Mallya keeps the merry go round guessing: United Breweries (Holdings) hiked its loan limit for Kingfisher airlines to Rs 750 crore from Rs 300 crore. Does this mean that he’ll be finally able to pay salaries? (ET) [stockquote]KFA[/stockquote] [stockquote]UBHOLDINGS[/stockquote]

Good luck!

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