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Abheek Barua: Do forecasters ever get it right?
Abheek Barua / New Delhi January 6, 2010, 0:09 IST

Choosing well-rated funds is a sensible selection
I had invested Rs 25,000 each in HDFC Top 200, HSBC Equity, Reliance Growth and Magnum Taxgain in April 2009. At the time of investment, all these funds were 5-star rated, but now I notice their ratings have come down to 4-star. Have I chosen the correct funds? And, should I remain invested or withdraw? Also, please guide me where I should invest Rs 2-3 lakh for a period of around three years.

News of the day

PM to meet Chinese Premier at ASEAN meet
The serene Thai beach resort here is expected to provide an ideal setting for tomorrow"s meeting between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao to lower temperatures built over recent weeks on border and other issues.
Management

DoT to impose Rs 132 cr penalty on telcos

The Department of Telecom (DoT) is understood to have decided to slap a total penalty of Rs 132 crore on some major telecom operators for not rolling out services on time after the award of licence and spectrum. - DoT considering exclusive Defence Band - 3G spectrum auction likely by end of February - "It"s for defence ministry to release more spectrum" - Defence Min will release more spectrum: DoT - BSNL expansion plan hits rough patch - BSNL"s Rs 35k cr expansion hits rough patch The penalty, which will be in the form of liquidated damages (LD), are for delays since 2005 for which show-cause notices had been issued earlier. "As per the calculation, the revised LD amount is Rs 132 crore, Bharti Airtel (Rs 28.20 crore), Reliance Communications (Rs 19.85 crore), Tata Teleservices (Rs 36.5 crore), Tata Teleservices (Maharashtra) (Rs 3.7 crore). The LD on Aircel is Rs 28.995 crore, while Vodafone Essar, MTNL, BSNL have not been slapped any LD, said an internal DoT note. "Idea Cellular has to pay Rs 1 crore, HFCL Infotel and Sistema Shyam have to pay Rs 7 crore each," it added. A DoT official said the department would soon send individual notices to the telcos. He said once the old cases are disposed the LD would be imposed on new cases which could be much more. As per the latest calculations the penalty has been lowered to Rs 132 crore from the earlier figure of Rs 450 crore. The reduction comes after the DoT diluted the roll-out norms in line with the demands made by the operators. The department had diluted the roll-out conditions for mobile companies by allowing them to fulfill their obligation within one year from the date of getting spectrum. Earlier the date of grant of licence was taken to calculate the roll-out targets.


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