Control Investments, Invest smartly!

Unitech

2010-01-01T08:27:00.000-08:00

Unitech is one of top traded company in terms of volume. I have been tracking this since 2 months. I had bought this 3 months back at 27 and it has been rising since then.
Unitech has lots of land balance also it has started telecom bussiness.
Current Value is 82.5
Target: Short Term : 100

HDIL NCD

2010-01-01T07:09:00.000-08:00

The much talked about NCD HDIL, is for HNIs. It is not for common investors like us. The debentures are of 10 lakhs. This NCD is different from TATA motor and L & T finance NCDs that were out recently.

Housing Development & Infrastructure Ltd (HDIL) has announced that the first Tranche has been closed on December 28, 2009. Company has received application & Subscription for 4000 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each, aggregating to Rs. 400 Crores in first Tranche out of the 11,500 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each for cash aggregating to Rs. 1,150 crores.

The said Secured Redeemable & Non-Convertible Debentures will be issued in one or more Tranche and shall be listed on the Stock Exchange.

DUB GAI

2009-12-06T10:08:00.000-08:00

The Dubai government rocked global financial markets by announcing a week ago that state-controlled Dubai World was seeking a six-month standstill on credit payments.

Investors subsequently were alarmed when the head of the Dubai finance department said the government never intended to guarantee Dubai World's $59 billion in debt, the lion's share of the city state's borrowings estimated at up to $100 billion.

Dubai is still seen as the premier place to do business in the Middle East and beyond. It is a preferred base for not just Arab but Pakistani, Iranian and even Indian businesses, due to the wider region's political uncertainty

New Financial Terms

2009-12-01T02:33:00.000-08:00

Behaviour finance

Sunk Cost Fallacy

recency Effect

Herd investing

Greed and fear factor

Stoke Focus: GVK Power

2009-10-17T06:11:00.000-07:00

Recomment to keep buying in dips.
Report:
Financials GVK Power & Infrastructure registered a steep drop of 86.69% in net profits of Rs 7.59 million for the quarter ended in March, 2007 from a profit of Rs 57.04 million for the quarter ended in March, 2006. Net Sales for the quarter rose 10.52% to Rs 25.53 million for the quarter ended March, 2007 from Rs 23.10 million for the quarter ended March, 2006. Total income dipped 71.28% to Rs 27.03 million, from Rs 94.12 million for the quarter ended March, 2006. The earnings per share (EPS) of the company stood at Rs 0.32 in the quarter ended March, 2007.

Samvat year 2066

2009-10-17T06:06:00.000-07:00

Happy new year,Samvat year 2066.
Market has rallied 90% from last diwali. J.P assocaite had gained 234% in 1 year. The hottest stock in the muharat trading is TCS, which has a great result(q2).
Bharti has been the worst prformer last year.
I am currently booking profits.

JP Associate NCD

2009-10-07T11:06:00.000-07:00

JP Associate NCD offering upto 14% interest

Open Offers Note

2009-09-20T10:27:00.000-07:00

The different types of open offer
mandatory offer
conditional offer
differential offer

share acceptance ratioacquirer has to make offer of 20 pc of diluted co.
third party offer

1.price
2.management changes.. new offer
3. Three types of open offer
mandatory offer
conditional offer
differential offer

4.approvals reqd
anti-trust policies.

FORTUNE Top 50 women employees

2009-09-14T02:52:00.000-07:00

1 Cynthia Carroll Anglo American ,Britain
2 Gail Kelly Westpac, Australia
3 Marjorie Scardino Pearson, Britain
4 Anne Lauvergeon Areva France
5 Barbara Dalibard Orange Business Services France
6 Barbara Kux Siemens Germany
7 Annika Falkengren SEB Sweden
8 Guler Sabanci Sabanci Holding Turkey
9 Maria Ramos Absa South Africa
10 Marina Berlusconi Fininvest Italy
11 Ana Patricia Botin Banesto Spain
12 Maureen Kempston Darkes GM U.S.
13 Nancy McKinstry Wolters Kluwer Netherlands
14 Chua Sock Koong Singapore Telecommunications Singapore
15 Chanda Kochhar Icici Bank India
16 Patricia Barbizet Artémis Holding France
17 Yang Mianmian Haier Group China
18 Dominique Senequier Axa Private Equity France
19 Deb Henretta Procter & Gamble Singapore
20 Sun Yafang Huawei Technologies China
21 Dominique Reiniche Coca-Cola Europe France
22 Antonia Ax:son Johnson Axel Johnson Group Sweden
23 Katrina Landis BP Britain
24 Angela Ahrendts Burberry Britain
25 Ann Pickard Royal Dutch Shell Netherlands
26 María Aramburuzabala de Garza Grupo Modelo Mexico
27 Maureen Chiquet Chanel France
28 Monika Ribar Panalpina Switzerland
29 Lubna Olayan Olayan Financing Saudi Arabia
30 Dong Mingzhu Gree Electric Appliances China
31 Kate Swann W.H. Smith Britain
32 Isabelle Ealet Goldman Sachs Britain
33 Christine Bosse TryGvesta Denmark
34 Clara Gaymard GE France France
35 Yoshiko Shinohara Tempstaff Japan
36 Nicola Leibinger-Kammuller Trumpf Germany
37 Neelam Dhawan HP India India

Change in taxability of equity awards

2009-09-09T03:51:00.001-07:00

The Income-tax Act has been amended to remove the provisions of the Fringe Benefit Tax (FBT), which was introduced in 2007. Because of this, there will be a change in the taxation of equity awards by COMPANY X [including Employee Stock Option Plan (ESOP), Employee Share Ownership Plan (SOP)), Restricted Stock Units (RSU) and Performance Based Restricted Units (PRU)].

Given below is a brief note on the taxation of equity awards granted to employees under the pre, during and post FBT regime. This mail is intended as a heads up for all participants in the above mentioned programs in India. We will share further information and process details as and when the relevant rules are notified by the Government of India.

Please note that the below relates only to FBT on equity awards and not on FBT on any other benefits like car scheme.

Pre FBT regime
· Benefit provided by COMPANY X to its employees in the form of equity awards was exempt from being treated as a perquisite in the hands of the employee.
· Gains/losses on transfer of such shares by the employee were subject to tax as capital gains. Capital gains was the difference between sale proceeds realized on sale of such shares by the employee and the price paid by the employee for the same (grant/release/allotment price), as applicable.
· The responsibility of offering capital gains to tax and remitting the taxes due under such COMPANY X equity awards was on the employee
FBT regime

· With effect from 1 April 2007, the benefit given by way of equity awards was brought to tax under the FBT net.
· FBT was payable when the shares were allotted or options exercised or units released. The value of fringe benefit was the fair market value of the shares on the date on which the shares were allotted, option vested or units released as reduced by the amount actually paid/recovered from the employee (E.g. grant price).
· Capital gains was payable on the difference between the proceeds received by the employee and the Fair Market Value considered for the purpose of FBT.
· The responsibility of offering capital gains to tax and remitting the taxes due under such COMPANY X equity awards was on the employee

Current – Post FBT abolition regime

· Fringe Benefit Tax (FBT), on all items including equity awards, has been abolished w.e.f. 1 April 2009.
· Benefits given by way of equity awards will now be taxed as a perquisite in the hands of the employee. Tax will be withheld (TDS) from the employee along with other compensation payouts. The value that will be subject to TDS would be the difference between the Fair Market Value of the shares on the date of allotment/exercise/release and the grant price for the same.
· Capital gains is payable on the difference between the proceeds received by the employee and the Fair Market Value considered for the purpose of calculating TDS for SOP, RSUs & PRUs. Capital gains will not be applicable on stock options since it is a cashless transaction.
· The clarification on how Fair Market Value is to be arrived at is awaited.

Markets Recovering

2009-09-08T11:54:00.000-07:00

The talk of a financial Armageddon which took hold earlier this year seems to have vanished. The attention now is focussed on the extent and timing of the recovery in developed markets. Germany and France are back on terra firma with positive GDP growth in the latest quarter. The good news in the US is that the economy shrank just 1 percent in the quarter ended June 2009 as compared to a 6.4 percent drop in the previous quarter.
Stock markets around the world have been quick to recognise what appears to be a momentous inflection point. Not only have the markets climbed a “wall of worry”, the mood of investors across the globe is definitely more optimistic.

More often than not, equity markets are propelled by “animal spirits”, herd behaviour and constantly changing perceptions of “relative value”. Fundamentals do matter, but the power of capital flows is far more dramatic in the short term. So what are the implications for committing capital given the current mindset?
It is quite possible that the improving sentiment has a beneficial impact on the real economy in terms of a greater propensity for capital spending by India Inc. and higher levels of consumer spending. Keep in mind that the current government is eager to protect the financial well-being of rural India.

Oil India IPO Review

2009-09-05T11:19:00.000-07:00

Oil India, the second largest oil exploration company in India enters the Primary market with its Initial Public Offering (IPO) on September 7th. Oil India is mainly involved in exploration and production activities of Crude oil and Natural Gas. The operations are majorly in North East India and Rajasthan.

Price Range Rs. 950 To Rs. 1050.
Tick Size Re. 1/-
Market Lot 6 Equity Shares
Minimum Order Quantity 6 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
IPO Grading IPO GRADE 4
Rating Agency CRISIL

OIL is offering their shares at 11.7x its post equity earnings at upper price band which is in line with ONGC. On EV/BoE basis OIL is currently trading at 4.0x as compared to 5.0x for ONGC. This coupled with high reserve replacement ratio and aggressive development plans make OIL a good investment. Given the sizable acreage both in the domestic and international regions and given the reduced subsidy burden on account of changes in subsidy sharing mechanism further reaffirms growth prospects of the company. Therefore based on the growth prospects and reasonable valuations we recommend subscribing to the issue with long term investment objective.
Final Verdict of CI : Avoid it, buy on listing at 1000,For long term.

Free ATM usage Curbed

2009-08-28T03:51:00.000-07:00

ONLY 5 TRANSACTIONS IN A MONTH
Not more than Rs 10k from other ATMs ... RBI has put a cap on thirdparty ATM withdrawal (When a cardholder is using other bank’s ATM) at Rs 10,000 per transaction and also limited the number of such transactions to five in a month. For more than five thirdparty transactions in a month, one has to pay Rs 20 per transaction.However, there will be no such limit when a cardholder is using his/her own ATMs. A senior official, who heads the ATM operation of a private sector bank, said the new scheme will be effective from October 1, 2009. RBI has already made all ATM transactions, including thirdparty ones, free of any extra charge. This has led to increase in the number of transactions taking place at third-party ATMs. The banker said that many customers started misusing the provision by withdrawing small amounts — even Rs 100 and that too almost daily. Your bank pays around Rs 20 per transaction to the other bank when you use its ATM to withdraw money. Even if you withdraw Rs 100 from any other ATM, your bank pays Rs 20 to that bank. This increases cost of operations for banks substantially. So, banks requested RBI to put a cap on the number of third-party withdrawals. Banks had also asked for a minimum withdrawal amount of Rs 1,000 for third-party transaction. But, RBI did not accept this demand as it would have affected small depositors.

Evaluate Stocks

2009-08-25T22:32:00.000-07:00

Warren Buffet is considered to be a genius when it comes to stock investment. He recommends an important thing to investors that the stock (company) you are thinking to buy or invest should have been around for at least ten years. There are a number of factors to be considered befere investing in stocks.

Techniques to Evaluate Stocks are as following
• Company History
• Dividend
• Market Cap
• Cash Flow
• Price Earnings Ratio (P/E)
• Return on Assets & Return on Equity (ROA & ROE)
• Financial Leverage
* EBIDTA

CitiBank timing.

2009-08-24T02:43:00.000-07:00

CITIBANK timing is
Mon - Fri - 10:00- 17:30
Saturday 10:00- 14:00
This information is not available on the website. After callin to call center I came to know about this. Its near Mayo hall , M.G road bangalore.

L&T Finance- Another NCD

2009-08-19T02:10:00.000-07:00

Guys if you missed Shriram NCD, here is another one. L&T Finance on Tuesday, 18th august opened its debentures issue to raise up to Rs 1,000 crore to

fund its financing activities, including lending and investments.

L&T Finance along with L&T Capital Holdings would offer 50 lakh secured non-convertible debentures (NCD), debentures that cannot be transformed into equity, at Rs 1,000 each, totaling to Rs 500 crore, with an option to raise an additional Rs 500 crore if the subscription is over subscribed, the company said.

The NCD issue is with diverse investment options and yield on redemption of up to 10.5 per cent. The issue would close on September 4, 2009.

The NCDs have been rated AA+ by rating agency CARE and LAA+ by ICRA, which point out low credit

NHPC IPO review

2009-08-07T10:20:00.000-07:00

So the big IPO made way today and gover oversubscribed in an hour and 3.5 times in a day, What an IPO !

So what is NHPC IPO all about?
The issue price band is placed between Rs.30 and Rs.36.

Total shares of 1677374015 shares will be on offer in the IPO at a book value of Rs.15.78.

NHPC plans to raise an amount up to Rs.6048 crores through this IPO.

A bid has to be made for a minimum of 175 shares and in multiples of 175 there after. So 6300 for a lot.

About the NHPC company:

India's biggest hydroelectric power generator

NHPC had a net profit of Rs.1085.16 crores and reserves being at Rs.6039.67 crores in 2008.

It power producing capacity at present stands at 5175 Megawatts which will soon be expanding to an additional 4622 Megawatts.

Control Investments's verdict :
It has always seen that government IPO, leaves enough scope for prospective investors to make money and this can be expected from NHPC IPO as well .Its a a good buy.

My Verdict: I am planning to buy 700 shares worth 25200. I am not sure whether I will be I alloted any shares or not. But if I would I would sell on listing.

Amortization

2009-08-04T01:55:00.000-07:00

The paying off of debt in regular installments over a period of time. The deduction of capital expenses over a specific period of time
Suppose Arshad Enterprise spent Rs 30 million on a piece of medical equipment and that the patent on the equipment lasts 15 years, this would mean that Rs 2million would be recorded each year as an amortization expense.While amortization and depreciation are often used interchangeably, technically this is an incorrect practice because amortization refers to intangible assets and depreciation refers to tangible assets.

EBITDA-Earnings Before Interest, Taxes, Depreciation and Amortization

2009-08-03T02:47:00.000-07:00

EBITDA = revenues - expenses (excluding tax,interest, depriciation).EBITDA is a good metric to evaluate profitability, but not cash flow. EBITDA also leaves out the cash required to fund working capital and the replacement of old equipment, which can be significant.EBITDA can be used to analyze and compare profitability between companies and industries because it eliminates the effects of financing and accounting decisions

Adani Power IPO review

2009-07-27T10:07:00.000-07:00

The Adani Power IPO is planning to raise around Rs 2200 Crores through the IPO.Adani Power Limited (APL), a member of 4.6 Billion US Dollar Adani Group, has taken up implementation of Mega Thermal Power Projects at various locations in India in view of the growing needs of Power requirements in the country. APL propose to implement 2640 MW Coal based Thermal Power Project at Mundra, Dist. Kutch, Gujarat, India. APL also propose to implement 1320 MW Coal based Thermal Power Project at Tiroda, Gondia, Maharashtra through its 100% subsidiary, Adani Power Maharashtra Ltd. (APML) APL is also actively planning to implement other Thermal Power Stations at various locations in India, totaling to about 10000 MW in the coming years. APL is engaged in the Power Trading business across the country and also aiming to enter into Power Transmission in a big way.
The price band for shares of Adani Power IPO is not yet decided. However, if you go by some basic calulations (2200 Crore issue size divided by 30 Crore shares), the approximation for share price of Adani Power shares comes to Rs. 73 or so - Again, is just the estimate, actual share price info is not available.

The demand for Power is going to increase leaps and bounds. With the scarcity of Alternative Energy sources being identified and implemented in countries like India, the Power companies are expected to be benefitting if they can generate good business

100 Key Points of Budget 2009

2009-07-08T10:46:00.000-07:00

1.Govt committed to tax reforms
2.Hike in IT exemption to Rs 2,40,000 for senior citizens
3.Commodities Transaction Tax to be scrapped
4. Service tax to be levied on law firms
5. 10 pc surcharge on personal income tax scrapped
6. Excise duty on petrol-driven small trucks down to 10%
7. Exemption of duty on goods made at construction sites restored
8. Drugs for heart diseases to become cheaper
9. Banking network to be expanded
10. Customs duty on gold and silver import increased
11. Mobile phone accessories to become cheaper
12. Pranab's Budget brings little cheer for the market
13. Branded jewellery for women to become cheaper
14. Customs duty on bio-diesel reduced
15. Tax holiday extended for textile units
16. Small businesses exempt from advance tax
17. Custom duty on LCD panels halved
18. Set-top boxes to cost more
19. Anonymous funds to charitable bodies to get some tax relief
20. MAT (minimum alternate tax) hiked to 15% of book profit
21. Hike in IT exemption for women to Rs 1,90,000
22. General Sales Tax model will have a Central GST and State GST
23. Share of direct taxes has increased to 56 per cent in 2008-09
24. GST to come into effect from April 01, 2010
25. Corporate tax unchanged
26. New tax code to be set up in 45 days
27. Goods and Services Tax to be introduced from April 1, 2010
28. Total budget expenditure for 2009-10 will Rs 10,28,032 cr
29. Plan expenditure, for both Centre and States, to go up by Rs 61,000 cr
30. Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP
31. Higher public investment in infrastructure
32. Defence outlay remains unchanged
33. Rs 1,000 cr for Aila rehabilitation to West Bengal
34. Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram
35. Rs 2,113 cr for IITs and NITs
36. Funds for GSI to enhance exploration of minerals
37. New pension benefits for 12 lakh jawans and JCOs
38. Pension of non-commissioned officers to be hiked
39. Allocation for rehab of Lankan Tamils
40. One lakh dwelling units for paramilitary forces to be built
41. Commonwealth allocation hiked to Rs 3472 crore
42. Allocation of Rs 50 cr to Chandigarh University
43. Govt to hike allocation to National Ganga Project to Rs 562 cr
44. One rank, one pension for ex-servicemen from July 1
45. Allowances to para-military forces at par with defence forces
46. Unique Identification ID project to roll out in 12-18 months
Fringe Benefit Tax to be scrapped
48. Unique Identification ID project to tap private talent
49. Allocation for NRHM to be raised by Rs 257 cr
50. National action plan on climate change
51. Full interest subsidy for students in approved institutions
52. Modernisation of national employment exchanges
53. 50% cent of rural women in self-help groups
54. Rural mega clusters in Bengal and Rajasthan
55. Interest subsidy for home loans up to Rs 1 lakh
56. Interest subsidy on education loans
57. Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore
58. Rs 2,000 cr for rural housing fund under National Housing Bank
59. National Mission for female literacy
60. NREGA allocation up 144%
61. Work on National Food Security scheme for subsidised food
62. Rs 100 cr one-time grant to expand banks in unbanking areas
63. Indira Awaas Yojna hiked by 63% to Rs 8,883 cr
64. Allocation for PM Gram Sadak Yojna up by 59 per cent
65. Rs 39,100 crore allocation for NREGA
66. NREGA gave employment opportunities to more than 4.47 cr households
67. Aam Aadmi is the focus of all UPA's schemes
68. Govt to shift to nutrient based fertiliser subsidy regime
69. One banking centre in every bloc
70. Banks, insurance to stay with Govt
71. Raise threshold for non-promoter public listed companies
72. FM recalls Indira Gandhi's bank nationalisation
73. Move towards energy security via Integrated Energy Act
74. Saral-II forms to simplify taxation process
75. An expert panel will look into petroleum product pricing
76. Domestic oil prices must be in sync with global prices
77. Fertiliser subsidy to go directly to farmers
78. Export Credit Guarantee scheme extended till March 2010
79. Pranab Mukherjee quotes Kautilya in Budget speech
80. Incentives in interest rates to farmers to pay back
81. Print media stimulus package extended by six months
82. Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10
83. FIIs have returned to India in last few months
84. Storm-water drainage project fund hiked to Rs 500 cr
85. Blueprint for national gas grid
86. Additional budget allocation to farmers
87. Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%
88. Total fiscal stimulus during '08-09 is Rs 1,86,000 cr
89. Hike in allocation for Mumbai flood management
90. Housing allocation hiked under Rajiv Awaas Yojana
91. Fund allocation for urban poor accommodation is 3,973,000 cr
92. JNNURM allocation hiked by 87 per cent
93. NHAI allocation up by 23 per cent
94. Hike infrastructure investment to over 9% of GDP by 2014
95. IIFCL will refinance 60% of commercial bank loans in PPP
96. Signs of revival in the domestic industry
97. Fiscal stimulus gave economy a boost
98. Govt took 3 stimulus packages to fight slowdown
99. Economic growth is a synergy of states and Centre
100. Significant hike in foreign capital

Support and Resistance of Market

2009-06-26T02:19:00.000-07:00

Like everything else in life, stock prices are driven by supply and demand. Supply is synonymous with bears and selling. Demand is synonymous with bulls and buying.
As demand increases, prices advance and when supply increases, prices decline. When supply and demand are equal, bulls and bears slug it out for control.
Where is support established?
As the price declines, buyers become more inclined to buy and sellers less inclined to sell. A point where demand overcomes supply and prevents the price from falling becomes a support.
Human behaviour is responsible for the existence of supports and resistance.
Many investors who have zeroed in on a particular stock may not commit their resources as prices are falling. Once the price starts rising, they rue the fact that they did not buy it when it was low and vow to buy it if prices come back to those levels.
If buying demand overcomes supply at those levels, prices will rise from that level again, reinforcing the psychology. The significance of the support level increases the more times the price bounces back from that level.
Support does not always hold and a break below support signals that the supply from bears has won over the demand form bulls. A decline below support indicates a new willingness to sell and a lack of willingness to buy.
Once support is broken, another support level will have to be established at a lower level. Sometimes price movements can be volatile and an intra-day dip below support is not considered a breach of support, which we call a 'whipsaw.'
What is resistance?
As the price advances, sellers become more inclined to sell and buyers are wary of committing resources at high levels. At a point where supply exceeds demand and prices stop rising, further movement is resisted.
Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further.
As the price falls from such a resistance point, investors who were hoping for a further rise now realise they have missed on selling the stock. And when prices rise to this resistance level, they remember to sell this time, which creates pressure from all such investors who were left holding the baby earlier.
This makes the resistance point a tough nut to crack.
The significance of the resistance level increases with the number of times the price reverses from that level.
Just like support, resistance does not always hold and a break above resistance signals that the bulls have won out over the bears. A break above resistance shows a new willingness to buy and/or a lack of incentive to sell.

Futures contracts

2009-05-31T11:21:00.000-07:00

A futures contract gives the holder the right and the obligation to buy or sell the underlying at a certain price upon maturity. The underlying in case of a financial futures contract can either be an index or the stock of an individual company. A futures contract, whose underlying is the stock of an individual company, is known as stock futures. Similarly, if the underlying is a stock market index, the contract is known as an Index Futures contract.

Behind Inflation figures

2009-03-30T22:26:00.000-07:00

WHEN the wholesale price index (WPI) had eased to arround 0 % in March this year (from a year ago), the consumer price indices (CPI) continued to rise by more than 10% — for urban non-manual employees and industrial workers by about 10.4% and for agricultural as well as rural labourers by more than 11% on a year-on-year basis. To a casual observer of the index movement, such variation would seem strange. There are several reasons for this. Though the inflation shown on TV every thursday shows WPI, we think why daily expenditure is not getting cheaper.

For one, the basket of items that make up these indices as well as the weight assigned to each of these items have a bearing on the composite numbers. The WPI is made up of large number of primary, intermediate and manufactured items, most of which is not directly consumed by an average person. For that matter, much of items that form a household consumption basket have relatively low weight on WPI. The various consumer price indices, in contrast, assign higher weight for items that are commonly consumed by households. For instance, food, beverage, etc, account for nearly half of the CPI for industrial workers (CPI-IW) but just a little more than 28% on the WPI. Likewise, fuel accounts for a little over 6% in CPI-IW but over 14% on the WPI. As a consequence, fall in, say fuel prices would have greater impact on the WPI than the CPI headline numbers.

Secondly, the stage at which data is captured makes a lot of difference — the WPI reflects the ex-factory price of products or their administered price. This would mean most taxes other than excise are not reflected in that index. In comparison, the CPI captures the retail level prices and that includes all taxes, rebates, marketing costs and trade margins. When there is cost push inflation, the WPI captures the price movement much before its effect is felt by the consumers. So while WPI reflects inflationary pressures in general and aids monetary and fiscal policy interventions, the CPI serves as a better barometer of the cost of living. Rather than be led by the headline WPI number, inflation analysis should be based on various components of the index.

So be carefull seeing the inflation index before doing investment plannings. 1000 rs worth of goods today will be 1100 next year . And fixed deposit with 10 % interest in 1 year will not give us good gains seeing this trend.

Llyods also losses.

2009-02-27T21:48:00.000-08:00

One of London's biggest bank Llyods TBS posted a huge loss, becuase of its liability HBOS, It had taken over HBOS a year back. HBOs had a loss of 10.8 billion. Major loss was in loan department where they finance huge projects.

Rate Cuts

2009-02-24T02:41:00.000-08:00

Good news!
In order to help industry cope under the pressure of the economic slowdown, the Finance Minister, Pranab Mukherjee announced several relief measures in excise duty and service tax. All these indirect tax proposals will be effective from today.

To cut excise duty by additional 2%

To cut service tax to 10%

tata capital ncd

2009-02-15T11:07:00.000-08:00

The five-year secured non-convertible debentures (NCDs) offered by Tata Capital, a non-banking finance subsidiary of Tata Sons Ltd., may be a good investment option. The NCDs, with interest rates of 11-12 per cent under four options, offer superior returns compared to bank fixed deposits, though they are riskier. Interest rates on five-year bank deposits now range between 8.25 per cent and 10.25 per cent.
Investors should evaluate the NCDs in the light of the fact that they allow locking into an attractive yield of 12 per cent for a five-year period (assuming the put/call options are not exercised), even as returns on most other fixed-income options are set to decline sharply.

The risks linked with the offer stem from the challenges associated with the NBFC business and the relatively short track record of Tata Capital. However, this credit risk is partly mitigated by the security offered (fixed assets and future receivables) and the proposal to create a debenture redemption reserve towards maturity. The offer is rated LAA+ by ICRA, which is among the higher investment grade ratings.

The issue will be in de-materialised mode and listed in the NSE corporate bond market. NCD holders can even trade in these debentures in the secondary market; there is liquidity risk for premature encashment as the bond market is relatively illiquid.

Offer Closes 17th Febuary

Interim Budget 2009 India

2009-02-15T11:05:00.000-08:00

What to expect at Interim Budget 2009 India by Pranab Mukherjee

All efforts made to deliver on commitments
Sustained growth over 9% in last 4 years
Per capita income grew 7.4% during UPA regime
Gross domestic savings rate at 37.7%, gross cap formation at 14.2%
Tax-GDP ratio at 12.5% in 2007-08, close to fiscal correction target
Domestic investment rate over 39% in FY08
Growth drivers - agriculture, services, manufacturing, constructionOutlook for food grain production encouraging for coming year
Exports grew at annual average rate of 26.4% during last 4 years
Challenges related to capital inflows and global inflation
We have weathered the crisis, but no room for complacency
Moderate pass through of prices affected domestic inflation in '08
Dec industrial growth fell 2% (YoY)
Forecasts indicate that world economy may fare worse in 2009
India has been affected along with other slowing EM economies
GDP growth of 7.1% makes India second fastest growing economy
Fiscal pkgs announced provide tax relief to boost demand, spending
Have taken steps to encourage private investments in infra via PPP
Approved 37 infra projects worth Rs 70,000 cr between Aug 08-Jan 09
54 central infra proj of Rs 67700cr sent for final nod to PPP panel
Initiative for providing refinance to banks for long-term credit to proj
IIFCL can to raise Rs 10000 cr, nod for additional Rs 30000 cr
IIFCL to refinance 60% of the projects
Extension of export credit for labour intensive exports
FDI inflow of USD 23.3 billion during April-November 2008
Have relaxed fiscal responsibility & budget mgmt targets
May need to consider additional fiscal measures in next regular budget
Need to revert to fiscal consolidation at the earliest
Economic regulatory and oversight systems have to be more efficient
Attention given to agriculture sector, plan allocation up 300% in 4 yrs
Agri - govt implementing revival pkg in 25 states worth Rs 13500 cr
Agri - govt will continue to provide interest subvention for FY10
Farm debt waiver of Rs 65,300 cr covering 36 million homes
Govt to provide interest subsidy to farmers in FY10
Outlay on higher education up 900% in 11th 5-year plan
Annual ad-hoc grants have been increased by 50% (YoY)
Tax rates must fall during times of crisis
FY09 revised estimates of spending at Rs 9.9 lakh cr vs Rs 7.5 lakh cr
FY09 plan expenditure revised to Rs 2.8 lakh cr
Govt revises FY09 fertiliser subsidy to Rs 44863 cr
FY09 food subsidy revised to Rs 10960 cr
FY09 fiscal deficit seen at 6% of GDP vs estimate of 2.5%
FY09 revenue deficit at 4.4% of GDP vs est of 1%
FY10 spending seen at Rs 9.53 lakh cr
FY10 budgetary support seen at Rs 2.85 lakh cr
Rural jobs scheme to get Rs 30100 cr in fy10
JNNURM spending seen at Rs 11842 cr for fy10
Allocation of Rs 40900 cr for Bharat Nirman Scheme
Interest subvention for some export loans extended
Budget plan spending may have to be upped substantially post polls
Additional plan expenditure has to increase by 0.5-1% post polls
FY10 non-plan spend est at Rs 6.68 lk cr
Major subsidy spending for FY10 seen at Rs 95,500 cr
FY10 budget revenue deficit seen at 4%, fiscal deficit at 5.5%
FY10 gross tax revenue seen at Rs 6.71 lk cr
Interim Budget 2009: Allocation of Rs 8,000 cr for mid-day meal scheme
Interim Budget 2009: Rs 13,100 cr allocated for elementary education
Interest subvention for some export loans extended
Budget plan spending may have to be upped substantially post polls
Additional plan expenditure has to increase by 0.5-1% post polls
FY10 non-plan spend est at Rs 6.68 lakh cr
Major subsidy spending for FY10 seen at Rs 95,500 cr
FY10 budget revenue deficit seen at 4%, fiscal deficit at 5.5%
FY10 gross tax revenue seen at Rs 6.71 lakh cr
FY10 gross market borrowing seen at Rs 3.2-3.3 lakh cr
No tax changes in interim budget

Story of Recession

2009-02-08T22:13:00.000-08:00

This Story is about a man who once upon a time was selling Hotdogs by the roadside. He was illiterate, so he never read newspapers. He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hotdogs. He was smart enough to offer some attractive schemes to increase his sales. His sales and profit went up. He ordered more a more raw material and buns and use to sale more. He recruited few more supporting staff to serve more customers. He started offering home deliveries. Eventually he got himself a bigger and better stove. As his business was growing, the son, who had recently graduated from College, joined his father. Then something strange happened.
The son asked, "Dad, aren't you aware of the great recession that is coming our way?" The father replied, "No, but tell me about it." The son said, "The international situation is terrible. The domestic situation is even worse. We should be prepared for the coming bad times." The man thought that since his son had been to college, read the papers, listened to the radio and watched TV.. He ought to know and his advice should not be taken lightly. So the next day onwards, the father cut down his raw material order and buns, took down the colorful signboard, removed all the special schemes he was offering to the customers and was no longer as enthusiastic. He reduced his staff strength by giving layoffs. Very soon, fewer and fewer people bothered to stop at his hotdog stand. And his sales started coming down rapidly, same is the profit. The father said to his son, "Son, you were right". "We are in the middle of a recession and crisis. I am glad you warned me ahead of time." Moral of The Story: It's all in your MIND! And we actually FUEL this recession much more than we think we do!!!!!!!!!! !! What can we take away from this story?? 1. How many times we confuse intelligence with good judgment? 2. Choose your advisers carefully but use your own judgment 3. A person or an organization will survive forever, if they have the 5 Cs * Character * Commitment * Conviction * Courtesy * Courage The trSagedy today is that there are many walking encyclopedias that are living failures.
The More practical and appropriate views on this economic recession is:
" This is the time to reunite together for any small or a big organization, this is the time to motivate and retain people who are the biggest asset, this is the time to show more commitments to the customers, this is the time show values of our company to the world, and this is the time to stand by our Nation ".

Cash flow statement

2009-02-02T02:06:00.000-08:00

Complementing the balance sheet and income statement, the cash flow statement, a mandatory part of a company's financial reports since 1987, records the amounts of cash and cash equivalents entering and leaving a company.
The CFS allows investors to understand how a company's operations are running, where its money is coming from, and how it is being spent. Here you will learn how the CFS is structured and how to use it as part of your analysis of a company.
The structure of the CFS
The cash flow statement is distinct from the income statement and balance sheet because it does not include the amount of future incoming and outgoing cash that has been recorded on credit. Therefore, cash is not the same as net income, which, on the income statement and balance sheet, includes cash sales and sales made on credit.

My Investment Chart

2009-01-19T23:15:00.000-08:00

This is investment chart I have taken for my money in market through reliance money

Reliance Guaranteed Return Plan

2009-01-14T23:25:00.000-08:00

I had got a call from reliance money regarding this plan, felt exciting. Reliance Guaranteed Return Plan Series I – InsuranceAssured Returns + Life cover UNDER THIS PLAN THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Reliance Guaranteed Return Plan Series I – Insurance not only prepares you for such surprises but also provides you guaranteed security.
This is a Single premium unit linked savings life insurance plan with guaranteed maturity benefit.
The guaranteed maturity benefit is the single premium paid (excluding any extra or additional premiums) less charges (Allocation charge, Mortality charge, Policy administration charge and service tax on these charges) accumulated at the rate of 6.85% p.a from the date of issue of the policy up to the maturity date provided no partial withdrawals have been made.

In this market situation this plan seeems attractive, I had an ULIP policy since last 4 year and still I have negative returns. Its better than fixed deposit as you can bet on market, it it goes good you can get upto 20% returns . Also this investment is tax-free.

Satyam's future

2009-01-07T10:35:00.000-08:00

Satyam is Removed from Nifty, Its price is seen at a level of 10. Keep on Reading about what happened.
It was one of the darkest days in history of corporate India. Early this morning, B Ramalinga Raju — the founder of Satyam Computers, one of India’s largest IT companies — dropped a bombshell when he sent a five-page letter to the stock exchanges confessing to one of the biggest frauds ever seen. Satyam had nothing by way of a balance sheet and it had been cooking its books for the last many quarters, fabricating lies for the benefit of all its shareholders, for its independent directors and other directors and perpetrating a lie that went through for several years before he chose to confess this morning. The result: the Satyam stock lost 75% of its market cap, a huge collateral damage took place across the market that tanked 750 points raising a lot of apprehensions about how the world would see it both for the IT services sector, the Indian corporate sector and its standards of governance and also to how FIIs would react to such an episode.
Read the full article at http://www.moneycontrol.com/india/news/market-outlook/satyam-disaster-experts-examineremains/375419

Indian IT Suffers

2009-01-07T04:46:00.000-08:00

QB Charges

2009-01-03T22:20:00.000-08:00

QB Charges are quaterly balance charges, which you should pay if you do not minimum balance in your saving accounts. For ICICI normal account you should maintain a minimum of 10,000 each quarter else you have to pay 750 + service tax. For students account minimum balance is 500 and if not maintained 250+ taxes . I had a trading account in ICICI for that the minimum balance is zero and also for salary account its zero.

QB chargers are cut every quarter.So you should think proactive to maintan a less balance account or paying upto 2300 a year.QB charges are not automatic they are taken when a Backend team checks your account manually and finds out.

I had zero balance in my salar account for a year and only 283 was cut.

Fed cuts rates to near zero percent

2008-12-17T13:40:00.000-08:00

The US Federal Reserve slashed its target for overnight interest rates to a record low of 0-0.25%. In a statement, the Fed stated that it would employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability. It said weak economic conditions are likely to warrant exceptionally low levels of Federal funds rate for sometime.
Deflation is not now a major concern, the Fed was expecting a period of deflation. The Fed believes a bigger part of the spreads, the reason why the spreads are actually high is liquidity concerns which is why it feels it is justified in going in and buying these assets right now through this process.

It is a historic decision followed by an historic briefing by the Federal Reserve to explain as clearly as it can why the Fed is doing what it is doing

repo, reverse repo rate by 100 bps

2008-12-07T10:40:00.000-08:00

RBI today issued an unambiguous signal to banks to cut rates. It cut its repo and reverse repo rate by one percentage point each. With this cut, RBI will give only 5% to banks who keep their excess cash with them. This reduced return should force banks to lend to corporates rather than keep the money with RBI fearing bad loans. Also cutting the repo rate means banks can take money from the RBI at just 6.5%. The RBI Governor said he hopes banks will pass on this reduced cost to borrowers.

Repo Rate

2008-12-07T10:35:00.000-08:00

Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.

mega-stimulus package

2008-12-07T10:31:00.000-08:00

Following are the highlights of the mega-stimulus package announced by the government to boost the economy:
Additional plan expenditure of up to Rs 20,000 crore (Rs 200 billion)
Excise duty reduced across the board by 4 per cent.
IIFCL authorised to raise Rs 10,000 crore (Rs 100 billion) via tax-free bonds.
PSU banks to announce package for borrowers of home loans.Rs 350 crore (Rs 3.50 billion) additional funds for export incentives.
Back-up guarantee to ECGC for up to Rs 350 crore.
2 per cent interest subvention for labour-intensive exports.Rs 1,100 crore (Rs 11 billion) to ensure full refund of Terminal Excise duty.
Additional Rs 1,400 crore (Rs 14 billion) for textile sector under TUF Scheme.
The guarantee cover for loans to MSME doubled to Rs 1 crore (Rs 10 million).
The lock-in period for such collateral-free loans reduced.Government departments allowed to take up replacement of vehicles.Import duty on naphtha for power sector eliminated.Export duty on iron ore fines eliminated.The economy will continue to need stimulus in next fiscal

Cash reserve Ratio

2008-12-07T10:29:00.000-08:00

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.

Master The Stock Market

2008-11-30T11:46:00.000-08:00

Here are three simple tips to get you through a turbulent market
1. Don't sway from your goals
If you are going to need money in the next year or two, then do not channelise your savings to the stock market. Because though no one knows the direction of the market, chances are that it may not pick up in this time frame, certainly not in 2009.
Think like a long-term investor, not like a stock trader. Equity is an investment for the long-term investor. Opt for it only if you do not need the money for at least 3 to 5 years.
2. Stick to your asset allocation
You must first decide how much of your money must go into equity or debt. This should be based on your age, goals, liabilities, dependents and income. Once you have made up your mind, do not assume that it's alright to alter your basic asset allocation with sole reference to the market situation and with no regard to a change in your personal situation.
So if you had decided on keeping 60 per cent of your assets in equity, stick with it. Don't just rush into fixed deposits because interest rates seem seductive. On the other hand, just because the prices of stocks have hit tempting lows, don't get over enthusiastic and pull out all your current investments in debt and deploy it in equity funds or stocks. Play the ULIP allocation safetly.
3. Don't attempt to time the market
Don't keep waiting for stocks to get whiplashed one more time to buy. On the other hand, once you invest, don't expect the market to oblige you and bounce back immediately. No one knows for sure if the market has bottomed out or worse is still to come. But it's probably safe to say that we are far near the bottom than the top.
If you are investing in an equity mutual fund, go for a (SIP). In this way, you benefit if the market is going to tank some more. Even if it does not, chances of a rally happening in the immediate future are dim and you are buying units at a low cost right now.
In conclusion, it would be wise to say -- Don't let the news stress you out. So if the market crashes one day and has extreme volatility the next, don't let that get to it. The short-term direction of the stock market can always be adverse. If you are in for the long term, you have nothing to fear.

Indian GDP

2008-11-30T01:46:00.000-08:00

India's economy is expected to expand about 7 percent in 2008 and 2009 before recovering to above 8 percent in 2010 as world growth picks up, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday.
In its economic outlook it said the inflation peak in India seemed to have passed, reflecting a sharp deceleration in prices of metals and petroleum, and going forward all indicators of inflation were expected to ease.
India's economy, which is Asia's third largest, has grown at 9 percent or more in the past three fiscal years but a top official said on Tuesday it was preparing for growth as low as 7 percent in the fiscal year ending March 2009.
"The economy is projected to slow further over the next year and to recover in tandem with the world economy in 2010," the OECD said.
It said a decline in inflation, which touched an annual rate of almost 13 percent in August, could help restore confidence in the economy more rapidly and support demand and activity.
Annual inflation, as measured by wholesale prices, eased to 8.90 percent in early November.
Constraints imposed by a fiscal reponsibility law had led to soaring off-budget spending and the consolidated fiscal deficit, including off-budget items, would be 10 percent of GDP in fiscal 2008/09, the OECD said.

HP odds the wave, Reports Huge Profits

2008-11-25T22:42:00.000-08:00

HP capped off a record year by delivering a solid Q4 with year-over-year revenue growth of 19% to $33.6 billion, and non-GAAP EPS growth of 20% to $1.03. Excluding EDS, HP revenue grew 2% when adjusted for the effects of currency.

These are good results, but not the great results we’re used to. However, relative to the marketplace these are perhaps even more impressive. We continued to benefit from our global reach, diverse customer base, broad portfolio, and numerous cost initiatives. We believe we held or gained share in every one of our segments, while continuing to show discipline in our pricing and promotions.

Software, services, notebooks, blades and storage each posted double digit revenue growth, highlighting both our market leading technology and improved execution. Technology Services and Outsourcing Services showed particular strength. TS had double digit growth in orders and revenue for the year, and OS had its best quarter in history, with strong revenue growth, record profitability and several significant wins. The EDS integration is on track and customer response to the acquisition remains very positive.

Because of your achievements, we are able to fund the HP Variable Performance Bonus for 2008. Consistent with our variable compensation philosophy, the specific pools within the bonus program will be funded at different levels based on the operating results for particular businesses. In addition, the bonus program gives managers flexibility in allocating bonus pool dollars based on individual performances against objectives. Bonuses for eligible pre-acquisition EDS employees will be determined under the EDS bonus program that was in place prior to the acquisition. Rewarding people appropriately for performance is a pillar of our culture and it’s important that we recognize our strong 2008 results.

Sardar Sarovar Narmada Nigam

2008-11-22T02:54:00.000-08:00

Sardar Sarovar Narmada Nigam Ltd has informed that the Board of Directors at their meeting held on November 03, 2008, has decided the following:
1. Redemption of the Deep Discount Bonds earlier pursuant to and in accordance with the Sardar Sarovar Narmada Nigam Ltd (Conferment of Power to Redeem the Bonds) Act, 2008.
2. January 10, 2009 will be the date of redemption of the Deep Discount Bonds.
3. Determined Rs 50,000/- as the redemption amount per Deep Discount Bond.
4. The Register of Transfer of Deep Discount Bonds and the Register of Deep Discount Bondholders will remain closed from December 13, 2008 to January 10, 2009 (both days inclusive) for the purpose of determining the list of bondholders entitled to receive the payment towards the redemption.
Nigam advises the Deep Discount Bondholders to take note of the following:
Pursuant to the provisions of Section 154 of the Companies Act, 1956 and the Listing Agreement with the Stock Exchanges, the Register of Transfers of DDBs and the Register of Deep Discount Bondholders of Nigam shall remain closed from 13.12.2008 to 10.01.2009 (both days inclusive) for the purpose of updation of the said Registers and to determine the names of the Deep Discount Bondholders and their holding for the purpose of payment of the redemption amount. For the attention of Deep Discount Bondholders holding DDBs in Physical Mode: Please surrender the Bond Certificate duly discharged with the words 'discharged for redemption' and by signing on the back of the Bond Certificate so as to reach the Nigam's Registrar and Transfer Agent, namely, MCS Limited, at the address mentioned in this Notice, on or before 12th December 2008. Nigam shall make payment only on surrendering of the Bond Certificate as stated above. The signature of the Deep Discount Bondholder should tally with the signature in the records with Nigam.
For the attention of Deep Discount Bondholders holding DDBs in Electronic Mode:
Nigam will make payment of redemption amount to the Deep Discount Bondholders holding DDBs in electronic mode as per the details of beneficiaries provided by the NSDL and CDSL (Depositories) and the redemption amount shall be credited in their bank accounts through Electronic Clearing System (ECS). Where the ECS facility is not available, the redemption amount shall be sent by account payee cheque at the address provided by the Depositories.
Deep Discount Bondholders holding DDBs in physical mode are requested to notify the change(s), if any, in their address and/or bank particulars, etc. to Nigam's Registrar and Transfer Agent on or before 12th December 2008 by using the attached Proforma. The Deep Discount Bondholders holding DDBs in electronic mode are requested to notify such changes, if any, to their respective Depository Participants. In case of change in guardian, necessary evidence and the signature of such guardian, both of which shall be duly attested by a Judicial Magistrate or Notary Public or Gazetted Officer or Officer of the Public Sector Bank, under the seal, stamp and signature, shall be furnished to Nigam's Registrar and Transfer Agent, on or before 12th December 2008. In case of change in marital status or if the minor bondholder has attained the age of majority, such Deep Discount Bondholders are requested to notify the change in status with necessary evidence and fresh specimen of signature, both of which shall be duly attested in the manner as provided in clause 4 above, to Nigam's Registrar and Transfer Agent, on or before 12th December 2008. In case of death of a sole Deep Discount Bondholder, the executors or administrators or the legal heirs who has obtained probate or letters of administration or succession certificate, as the case may be, from a competent court shall be recognized by Nigam as having title of the DDBs for the purpose of payment of redemption amount. In case of death of one or more of the joint holders, the survivor whose name stands first from amongst the survivors shall be recognized by Nigam for the payment of redemption amount. Necessary evidence in respect of the aforesaid, duly attested in the manner as provided in clause 4 above, shall be furnished to Nigam's Registrar and Transfer Agent on or before 12th December 2008. In case of joint holders of DDBs, the redemption amount will be paid to the Deep Discount Bondholder whose name stands first in the Register of Bondholders. The Deep Discount Bondholders holding DDBs in physical form and who wish to receive the redemption amount through ECS are requested to furnish their bank particulars with the 9 digit MICR code and a blank cancelled cheque or a copy of it to Nigam's Registrar and Transfer Agent on or before 12th December 2008 to update the records. ECS credit will be made only to those centers which are covered through ECS payment. Alternatively, the amount will be sent through account payee cheque at the registered address of the Deep Discount Bondholder. No interest on the redemption amount will accrue after 10th January 2009. If any Deep Discount Bondholder surrenders the duly discharged Bond Certificate after 12th December 2008, the same will be processed for payment only after 10th January 2009 and no interest on such redemption amount shall be payable by Nigam. Any person who has purchased/acquired the DDBs from the existing Deep Discount Bondholders is requested to register the transfer of the DDBs in their names alongwith a request to surrender the Bond Certificate, for redemption amount, in the manner as stated in this Notice to Nigam's Registrar and Transfer Agent on or before 12th December 2008. It is clarified that any transfer of the DDBs by a Deep Discount Bondholder to any person and the endorsement thereof on the reverse of the Bond Certificate made after 10th January 2009 shall not be recognised for transfer by Nigam. Deep Discount Bondholders are requested to furnish the Income Tax Permanent Account Number (PAN) alongwith a photocopy of the PAN card. Tax will be deducted at source as per the provisions of the Income Tax Act, 1961 and Nigam will pay the net amount to the Deep Discount Bondholder. Certificate for deduction of Tax at Source will be sent to the Deep Discount Bondholders in due course of time. .
Separate notice containing the aforesaid information is being sent to the Deep Discount Bondholders at their registered address under certificate of posting.
The Deep Discount Bondholders are requested to contact Nigam's Registrar and Transfer Agents for any query, information or clarifications.

The contact details of the Registrar and Transfer Agent are as under:
MCS Limited,

101, Shatdal Complex,

Opp. Bata Show Room,

Ashram Road,

Ahmedabad - 380 009.

Telephone Nos. : 079 - 265 82878 - 80Fax No. : 079 - 26581296Email : mcsamd@reliancemail.net

Inspirational Add

2008-11-09T22:33:00.000-08:00

Narayan Murthys words for Indians to wake up and strive!

Your Actions can help Indian Economy

2008-11-09T21:25:00.000-08:00

State of our economy from day to day life,

A Small example,

Before 5 months 1 CAN $ = IND Rs 32

After 5 months. Now it is 1 CAN $ = IND Rs 40

Do you think Canadian Economy is booming? No, but Indian Economy is Going Down.
Our Economy is in u'r handsINDIAN economy is in a crisis. Our country unlike many other ASIAN countries is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical situation. More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages...etc which are grown, produced and consumed here . A cold drink that costs only 70 / 80 paisa to produce is sold for NINE rupees, and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy."COCA COLA "and" SPRITE" belong to the same multinational company, "COCA COLA"? Coke advertisements says ' JO CHAHO HOJAYE, COCACOLA ENJOY'(Whatever the hell, let it happen, you drink coke)

What can you do?
You can consider some of the better alternatives to aerated drinks. You can drink LEMON JUICE, FRESH FRUIT JUICES, CHILLED LASSI (SWEET OR SOUR), BUTTER MILK, COCONUT WATER, JALJEERA, ENERJEE, MASALA MILK..........Everyone deserves a healthy drink, including you!Over and above all this, economic sanctions have been imposed on us. We have nothing against Multinational companies, but to protect our own interests we request everybody to use INDIAN products only for next two years. With the rise in petrol prices, if we do not do this, the rupee will devalue further and we will end up paying much more for the same products in the near future. What you can do about it?1. Buy only products manufactured by WHOLLY INDIAN COMPANIES. 2. ENROLL as many people as possible for this cause.Each individual should become a leader for this awareness. This is the only way to save our country from severe economic crisis. You don't need to give-up your lifestyle. You just need to choose an alternate product. All categories of products are available from WHOLLY INDIAN COMPANIES.

LIST OF PRODUCTS

BATHING SOAP: USE - CINTHOL & OTHER GODREJ BRANDS, SANTOOR, WIPRO SHIKAKAI, MYSORE SANDAL, MARGO, NEEM, EVITA, MEDIMIX, GANGA, NIRMA BATH & CHANDRIKAINSTEAD OF - LUX, LIFEBOY, REXONA, LIRIL, DOVE, PEARS, HAMAM, LESANCY, CAMAY, PALMOLIVE

TOOTH PASTE: USE - NEEM, BABOOL, PROMISE, VICO VAJRADANTI, PRUDENT, DABUR PRODUCTS, MISWAKINSTEAD OF - COLGATE, CLOSE UP, PEPSODENT, CIBACA, FORHANS, MENTADENT.

TOOTH BRUSH: USE - PRUDENT, AJANTA, PROMISEINSTEAD OF - COLGATE, CLOSE UP, PEPSODENT, FORHANS, ORAL-B

SHAVING CREAM: USE - GODREJ, EMANIINSTEAD OF - PALMOLIVE, OLD SPICE, GILLETEBLADE: USE - SUPERMAX, TOPAZ, LAZER, ASHOKA

INSTEAD OF - SEVEN-O -CLOCK, 365, GILLETTE

TALCUM POWDER: USE - SANTOOR, GOKUL, CINTHOL, WIPRO BABY POWDER, BOROPLUS
INSTEAD OF - PONDS, OLD SPICE, JOHNSON BABY POWDER, SHOWER TO SHOWERMILK POWDER: USE - INDIANA, AMUL, AMULYAINSTEAD OF - ANIKSPRAY, MILKANA, EVERYDAY MILK, MILKMAID. SHAMPOO: USE - LAKME, NIRMA, VELVET

INSTEAD OF - HALO, ALL CLEAR, NYLE, SUNSILK, HEAD AND SHOULDERS, PANTENE MOBILE CONNECTIONS USE - BSNL, AIRTEL

INSTEAD OF - HUTCH

You can identify an Indian product by seeing MFD BY: If it is xxx(India) Ltd. or India Ltd. Then it is a foreign company. This includes Hindustan Unilever Ltd. which was formerly Lever Brothers India Limited.

Every INDIAN product you buy makes a big difference. It saves INDIA . Let us take a firm decision today.BUY INDIAN TO BE INDIAN we are not against foreign products. WE ARE NOT ANTI-MULTINATIONAL. WE ARE TRYING TO SAVE OUR NATION. EVERY DAY IS A STRUGGLE FOR A REAL FREEDOM. WE ACHIEVED OUR INDEPENDENCE AFTER LOSING MANY LIVES. THEY DIED PAINFULLY TO ENSURE THAT WE LIVE PEACEFULLY. THE CURRENT TREND IS VERY THREATENING.MULTINATIONALS CALL IT GLOBALISATION OF INDIAN ECONOMY. FOR INDIANS LIKE YOU AND ME IT IS RECOLONISATION OF INDIA ... THE COLONIST'S LEFT INDIA THEN. BUT THIS TIME THEY WILL MAKE SURE THEY DON'T MAKE ANY MISTAKES.WHO WOULD LIKE TO LET A" GOOSE THAT LAYS GOLDEN EGGS" SLIP AWAY.RUSSIA , S.KOREA , MEXICO .........THE LIST IS VERY LONG!!LET US LEARN FROM THEIR EXPERIENCE AND FROM OUR HISTORY.
LET US DO THE DUTY OF EVERY TRUE INDIAN.FINALLY: IT'S OBVIOUS THAT U CAN'T GIVE UP ALL OF THE ITEMS MENTIONED ABOVE, SO GIVE UP ATLEAST ONE ITEM TO FOR THE SAKE OF OUR COUNTRY.
Its time to put into action!!!"LITTLE DROPS MAKE A GREAT OCEAN."

Obama is not bad news for your IT stocks

2008-11-05T22:42:00.000-08:00

The Finance Minister P Chidambaram has welcomed Obama’s election as US President. He said that Obama’s comments on outsourcing would not affect Indo-US economic ties. "I am confident that the US India relations will only strengthen in the future, a comment about outsourcing etc shouldn’t bother us. Once he is in office, he will realise that in this interconnected world, countries have to work together and the US is the world’s largest economy and India is the world’s largest free-market democracy have to work together and I think we will gain by the new administration.”

"I cannot speak for the government but I can speak as an individual, and as an individual I think this election is a transformational change in the United States. Many ghosts in the US have been exorcised by this election. It is a tribute to the US Democracy that a young, forward looking change agent, a black American has been elected."

“IT is one sector that is facing the maximum challenges at this point in time.” He advices investors to be slightly underweight in that segment and buy the stock only when they are at extremely attractive.

MACROECONOMIC REVIEW

2008-10-30T23:50:00.000-07:00

USA
The effect of the global downturn in the USA has not yet been as significant as expected. US GDP grew by 2.2% during the second quarter compared to 2.5% during first quarter driven by strong exports due to a weak dollar. According to an economist survey conducted by Bloomberg, the US economy grew by an estimated 1.2% during the third quarter as policy measures have been efficient enough to tackle the worst recession scenarios. Although weak growth throughout 2009 is expected, declining commodity prices are stimulating both exports and domestic spending and therefore growth forecasts for 2008 and 2009 have been revised upwards in September.

EUROPE
At the moment it seems that the recession in Europe might become even deeper than in the United States. The annual growth rate in the eurozone fell to 1.4% in the second quarter from 2.4% in first quarter. The United Kingdom is experiencing a particularly severe downswing with growth expected to be negative in 2009 and house prices depreciating at a very fast pace. The macroeconomic indicators around Europe are showing threatening signs: the business climate index fell to a three-year low in Germany, to a five-year-low in France, and to a seven-year low Italy. Mainly because of declining commodity prices, inflation has eased from a peak of 4.0% in July to 3.6% in September supporting domestic consumption. The support is needed as for example in Spain car registrations fell by 32% in September compared to the previous year. EIU‟s growth forecast for 2008 and 2009 are 1.3% and 0.9%, respectively.

ASIA

The global crisis has reached Japan as well. Japanese manufacturers‟ prospects turned pessimistic for the first time in five years and three largest carmakers cut domestic production after exports to the USA had declined 30%. Total exports to the USA fell by 22%. Industrial output dropped by 6.9% compared to last year and 3.5% month-on-month. Although inflation expectations have eased, they are not likely to have an effect on consumption as the unemployment rate has risen to 4.2%. The Asian Development Bank revised its estimate for Asia-wide economic growth in 2009 to 7.2% from an earlier forecast of 7.8%. “You're going to have much more of a slowdown than people previously thought. Because of that slowdown, Asia is not helping compensate for weaknesses in other parts of the world", said Duncan Wooldridge, Chief Asia Economist for UBS.

Forecast data: EIU

Many experts expect the upcoming 12 months to be the worst with some countries falling into recession. According to the IMF, the world economy is entering a major downturn amidst the worst financial crisis since the 1930‟s and expects world growth to slow to 3.0% in 2009 which is 0.9 percentage points lower than forecast in the July.
Following sluggish growth through the remainder of 2008 and early 2009, the anticipated recovery later in 2009 is expected to be gradual as financial conditions are expected to remain difficult. “A pretty sharp adjustment during the course of the next year and then you will see growth resume, but it won‟t be growth at anything like the pace that we experienced over the last five years or so”, said Robin Bew, Chief Economist at the Economist Intelligence Unit. “When we come out of the other side of that I think we need to remember that you will still see a lot of balance sheet impairment in the financial sector particularly, but also in the private sector, particularly in the personal sector. But that doesn‟t mean that people won‟t be able to consume. You will still see consumption rising.” “America, for example, we think 2% growth, maybe 2.25%, far below the sorts of rates of growth that we used to see and that‟s because this balance sheet adjustment is not going to be over in 2010. So yes, a bit of a recovery in 2010, but nothing really to start dancing about. It‟s not going to be like 2005.” The IMF expects a number of factors to contribute to stabilization during 2009:
Commodity prices will stabilize
Housing markets will reach bottom
Emerging markets will provide a source of resilience

These factors would facilitate a return to growth in 2010, but there is still a downside risk in the possible persistence of both the credit crunch and inflation, both limiting the central banks‟ room to maneuver.

Samvat year 2065

2008-10-28T02:36:00.000-07:00

This year also brokers will religiously welcome the Samvat year 2065 with an hour of trading. They celebrate the beginning of the auspicious Hindu New Year decked up in bright traditional wear, along with their families.
The trading terminals also wear a festive look with 'swastik' signs. They come together to offer prayers to Goddess Laxmi at the BSE. Family members watch their folks with awe, for brokers, it's time again to play with the magical numbers.

The trading is called muharat trading and its from 5:30 to 6:30 pm evening, hope the market goes up. Last year samvat 2064 , Essar oil was star performer, It was the highest traded stock in volume, from 60 it strated rally and ended at 240.This year eyes are on unitech and suzlon energy.

Money Man Ben Bernanke

2008-10-26T09:56:00.000-07:00

Many of us may not have heard of Ben Bernanke, He is most powerful Financial person in this world, he has decision makig capacity that will effect the whole world, he is the one who has rescued the world from a major recession like that in 1930s. From 2006 he has been the FED chairman,was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. His predecessor was Alan Greenspan.

His first months as chairman of the Federal Reserve System were marked by difficulties communicating with the media. An advocate of more transparent Fed policy and clearer statements than Greenspan had made, he had to back away from his initial idea of stating clearer inflation goals as such statements tended to affect the stock market.[14] Maria Bartiromo disclosed on CNBC their private conversation on Fed policy (in which Bernanke said investors had misinterpreted his comments as indicating that he was "dovish" on inflation), and he was criticized for making public statements about Fed direction.[15] Presidential candidate and Texas representative Ron Paul, a member of the House Banking Committee - who takes the view that the Federal Reserve System should be abolished and the economy should revert to 'Hard Assets'[16] - has criticized Bernanke for "continually lowering interest rates," which he avers to have caused drastic inflation and unnecessary growth of the money supply, leading to what Paul refers to as the "inflation tax."[17] However, many professional economists argued that failure to have lowered the Fed's target rate would have contributed far more significantly to recession, and urged Bernanke (and the rest of the Federal Open Market Committee) to lower the rate beyond what it had done. For example, Lawrence H. Summers, the Charles Eliot Norton Professor of Economics at Harvard and former Treasury Secretary, wrote in the Financial Times on November 26, 2007 - in a column in which he argued that recession was likely - that "....maintaining demand must be the over-arching macro-economic priority. That means the Federal Reserve System has to get ahead of the curve and recognize - as the market already has - that levels of the Federal Funds rate that were neutral when the financial system was working normally are quite contractionary today."[18]
David Leonhardt of The New York Times wrote, on January 30, 2008, that "Dr. Bernanke's forecasts have been too sunny over the last six months. [On] the other hand, his forecast was a lot better than Wall Street's in mid-2006. Back then, he resisted calls for further interest rate increases because he thought the economy might be weakening. He was dead-on right about that — and the situation would be even worse now if he had listened to his critics then."[19]
On March 16, 2008, JPMorgan Chase announced its intention to acquire Wall Street investment bank Bear Stearns Inc. The proposed purchase is controversial due to the unprecedented involvement of Bernanke's Federal Reserve System. JPMorgan Chase agreed to pay $236 million, but shortly after the deal was announced, the Federal Reserve System confirmed that in a complex package of debt securitization agreements, they were underwriting the deal for around $30 billion.

Equity-Debt

2008-10-23T09:59:00.000-07:00

Two major types of investing
equity- shares

debt- borrowing by companies/goverment through bonds, fixed time and fixed interest rate , thru debt mutual fund return is around 10 pc annualy , short term as well as medium term.

Why is dollar rising?

2008-10-22T21:46:00.001-07:00

Despite US economy ,downturn and the markets are pricing in dramatic interest rate cuts, so why is the US dollar pushing higher? The answer, it seems, lies in broad-based global demand for long-term US government debt. When investors become spooked by risky market conditions (as would be reasonable given recent events), they move their capital from stocks and other higher-risk investments to long-term US Treasury bonds. While these offer very little return, they are considered nearly risk-free. The assumption is that such an investment can only go meaningfully awry if the government itself collapses.
traders are cashing in their investments for US dollars and using them to buy US Treasury Bonds as a safe-haven asset.

Arshad

2008-10-21T08:02:00.001-07:00

Create Fake Magazine Covers with your own picture at MagMyPic.com

Checklist when buying a House?

2008-10-21T07:18:00.000-07:00

Track record of the builder
Clear land ownership
Approve Matser Plan
Sanctioned building/floor plan
details of carpet area, built up area and super built up area
Terms of agreement allotment with respect to Forfeiture , handing over possesion and remedies in case of delays, composition of total cost, provision of cost escalation
Provsion for services: electricity/water /sewarage/drainage/roads/parking etc
Maintanence charges
Completion schedule and possesion date
post construction warranties
grievance redressal mechanism

beg America beg

2008-10-07T02:30:00.000-07:00

Americans are on the streets with begging bowls. If you want any proof for that, just read the media reports about Americans selling off their homes at cheap rates to pay off their loans. In fact, houses are available at $2,000 in the US now.
This is because several Americans are caught in the financial crisis and lost jobs and to add to that they have to pay the housing loan intalments. So they are selling houses which has hit the realty sector in the country badly.
To add to that American banks are collapsing like ninepins. As if this was not enough, the $700 billion ‘alms’ offered by the government is stuck in the Congress with the lawmakers from Texas, Arizona, and California helped defeat the credit-market rescue in the US House.
The bill for the bailout was a priority for President George W Bush, yet 15 of 19 Republicans from his home state, Texas, voted against it. Republican presidential candidate John McCain left the campaign trail to help the measure, which didn’t get a single vote from his state of Arizona.
Almost half the usually loyal California Democratic delegation rebuffed House Speaker Nancy Pelosi. For too many lawmakers, five weeks before Election Day, the threat of market calamity and arm-twisting from party leaders couldn’t overcome impassioned opposition back home, where the rescue plan is drawing fire as a bailout for rich Wall Street bankers.
It seems, the debt-ridden Americans are angry. Are these signs of a collapse of US economy. Obvious signs are there. In line for collapse are EU banks. Even though, EU tried hard to provide bailout packages for the banks, several of them have already filed for bankruptcy.
From this crisis, the world has a lot to learn. The crisis also raised concerns about the health of the world’s largest economy.
The US sub-prime loan market (lending money to those with poor or limited credit history), showed a high default rate, which duly affected the prime market.
Why the Americans rejected the plan is because the enormity of the planned $700-billion bailout deal will cost every man, woman and child in the US about $2,300.
The bailout exceeds the total lending by the International Monetary Fund (IMF) since its inception after the Second World War.
The IMF has, since 1947, loaned $506.7-billion to countries in crisis. US consumers have been buying houses at low interest rates, from 1 per cent, rising gradually to 5 per cent. Looser lending standards allowed sub-prime borrowers to take on more debt they couldn’t afford.
Housing and related industries account for about 23 per cent of the US economy and, up until last year, the five-year boom in real estate prices had contributed as much as half of the economy’s growth since 2001, according to Merrill Lynch.
US consumer spending accounts for about 70 per cent of the economy and it’s argued that with sub-prime mortgage delinquencies at their highest, it has dampened consumer spending and derailed growth in the world’s biggest economy.
The problem is that too much money was borrowed against homes at inflated values, which meant that at the peak of the market, people borrowed 120 per cent against the value of their homes.

Reliance Growth

2008-10-02T11:45:00.000-07:00

after the KG basin disovery and retail expansion plan, Reliance seems to be a safe bet for investment. AFter market crash it is still in 2000 level.

Top 5 Mutual Funds

2008-10-02T11:22:00.001-07:00

Equity Diversified 1 year(%)

Reliance RSF - Equity
ICICI Pru Infra (G)

IDFC Premier Eqty(G)

HDFC Growth (G)

HDFC Top 200 (G)

Monday Market Expectation

2008-09-21T11:31:00.000-07:00

Monday Market Expectation - It will have a good rise as Dow Jones was 400 points up on friday, Hope market touches 15000 this week.
Look out for Reliance - KG basin discovery.

Richard has taken Lehman Bros Down

2008-09-16T11:36:00.000-07:00

Wall Street analysts believe that it was the 'hubris' of Richard Fuld, the 62-year-old CEO of Lehman, who did not take the telltale signs of impending doom very seriously. Fuld, nicknamed The Gorilla for his foul temper, intimidating presence and tough talk, rejected many bids to save Lehman because he thought that the sinking giant was much bigger than Wall Street was giving it credit for, and wanted to get more price for the sale of the company
The 4th Largest us IB files for bankrupcy, what next ?

Good stocks

2008-09-13T04:42:00.000-07:00

Good Shares

Bharti Airtel 11 shares @ 821.78
Cipla 18 shares @ 210.
Essar Oil (2) 39 shares @ 231.46
HDFC Bank (2) 3 shares @ 1,148.87
IDBI Bank 73 shares @ 77.40

IOB 15 shares @ 102.90

Indiabulls (2) 6 shares @ 303.67

Indiabulls Sec 3 shares @ 93.20
Infosys 15 shares @ 1,866.65

Ispat Industrie (2) 261 shares @ 28.50

Jaiprakash Asso (5) 305 shares @ 178.54

JaiprakashHydro 113 shares @ 57.45

MRPL (2) 59 shares @ 70.27

Nagarjuna Fert (2) 174 shares @ 46.47

Petronet LNG 25 shares @ 63.50

Reliance(3) 37 shares @ 2,263.89

Reliance Comm (4) 353 shares @ 536.29

Reliance Natura (3) 703 shares @ 89.54

Reliance Petro 47 shares @ 179.15

Reliance Power 15 shares @ 187.65

SBI (2) 10 shares @ 1,325.68

TataTeleservice 118 shares @ 29.30

UCO Bank 38 shares @ 38.10

Bad Stocks

2008-09-13T02:03:00.000-07:00

Bad Stocks in my portfolio to Sell @ good oppurtunity, had made some mistakes while buying these shares.
Cinemax India 30 shares @ 98.15 - Economic Times analysis went wrong
HFCL 109 shares @ 19.00
HFCL Infotel 175 shares @ 16.90 - mistake
Nandan Exim 550 shares @ 2.60 Only smallcap which went wrong
Nissan Copper 4 shares @ 35.05
Reliance Power 15 shares @ 415
IFCI (2) 136 shares @ 56.02 (not sure)
Future Capital 10 shares @ 650-- market downside
IDFC (4) 23 shares @ 124.71 ---

FMP

2008-09-12T11:40:00.000-07:00

Fixed Mature Plan. A good alternative as market is crashing. and more tax efficient than FDs

Min Inv : 5000

Min Duration : 3 months

No. of scheme in 2008 : 800

44k crore collected by FMPs in '08

With the recent equity market volatility and rising inerest rate, it is time to think to have an appropriate balance between equity and fixed income instruments consistent with one’s risk profile and time horizon of the need. Fund houses float new FMPs in the month of March so that an investor can avail double indexation benefits with 14-15 months plan.

Example of how it works

Let us assume Mr A invests Rs. 1,00,000 in fixed maturity plan and Mr B invests the same amount in fixed deposit providing a return of 10.40% . We assume both Mr A and Mr B are in highest tax bracket. Now the tax is calculated at the time of maturity on the gains. The returns made thru FD would be taxed at 33.66% (assumed at max tax rate). In the case of FMP, Mr A can adjust his initial investment against the cost inflation index. Assuming that inflation index is 1.05 for the two years, the value of his initial investment under taxation would be Rs. 1,10,250 (1.05*1.05*100000 = 110250) at the end of the period as against Rs. 1,00,000 which was his initial investment
At 10.40% pa, Mr A ’s maturity value is Rs. 1,11,267Less Rs. 1,10,250Gain on paper for Mr A, is Rs. 1,017 for which Capital Gain tax @ 22.44% will work out to Rs. 228/-
In case of Mr B who invested Rs. 1,00,000 in Bank FD at 10.40% pa maturity value will be same as Rs. 1,11,267/- At the highest tax rate of 33.66% Mr B has to pay 33.66% on the gain of Rs. 11,267/- which will work out to be Rs. 3,792/-
Having said this, FMPs are not guaranteed return products and do not put all your nest eggs in one basket. FMPs will invest in bonds and hold them till maturity, it is possible to get an idea of indicative yield on FMPs. But the actual yield depends on the date of deployment. Currently all 1 year FMPs are expected to yield around 10.25% pa with indexation benefits.

IIP

2008-09-12T11:24:00.000-07:00

July Index of Industrial Production, or IIP, numbers came in at 7.1% as compared to 5.4% in June, Index of Industrial Production (IIP) is an abstract number, the magnitude of which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time. It is a statistical device, which enables us to arrive at a single representative figure to measure the general level of industrial activity in the economy. Strictly speaking, the IIP is a short-term indicator of industrial growth till the actual results from Annual Survey of Industries (ASI) become available. This indicator is of paramount importance to the Government for policy planning purposes and is also being extensively used by various organisations including Industrial Associations, Research Institutes and Academicians.

My portfolio

2008-09-10T23:12:00.000-07:00

Here is a portfolio which I have built over 2 1/2 years , Mixed of high returns stock, elephant stocks and gifts.
Have a look for idea how to get good shares.

Bharti Airtel 11 shares @ 821.78

Cinemax India 30 shares @ 98.15

Cipla 18 shares @ 210.

Deccan Aviation 28 shares @ 148.93

Essar Oil (2) 39 shares @ 231.46

Future Capital 10 shares @ 404.05

HDFC Bank (2) 3 shares @ 1,148.87

HFCL 109 shares @ 19.00

HFCL Infotel 175 shares @ 16.90

IDBI Bank 73 shares @ 77.40

IDFC (4) 23 shares @ 124.71

IFCI (2) 136 shares @ 56.02

IOB 15 shares @ 102.90

Indiabulls (2) 6 shares @ 303.67

Indiabulls Sec 3 shares @ 93.20

Infosys 15 shares @ 1,866.65

Ispat Industrie (2) 261 shares @ 28.50

Jaiprakash Asso (5) 305 shares @ 178.54

JaiprakashHydro 113 shares @ 57.45

MRPL (2) 59 shares @ 70.27

Nagarjuna Fert (2) 174 shares @ 46.47

Nandan Exim 550 shares @ 2.60

Nissan Copper 4 shares @ 35.05

Petronet LNG 25 shares @ 63.50

Reliance(3) 37 shares @ 2,263.89

Reliance Comm (4) 353 shares @ 536.29

Reliance Natura (3) 703 shares @ 89.54

Reliance Petro 47 shares @ 179.15

Reliance Power 15 shares @ 187.65

SBI (2) 10 shares @ 1,325.68

TataTeleservice 118 shares @ 29.30

UCO Bank 38 shares @ 38.10

Hot Fund

2008-09-10T11:15:00.000-07:00

ICICI Prudential Infrastructure fund .. currrent NAV is 25 and higly recomended mf

CRR Rate in India

2008-09-06T04:20:00.000-07:00

Whats Repo Rate?

2008-09-06T04:19:00.000-07:00

We keep hearing about repo rate.
repo rate is the rate at which rbi discount securities like treasury bill to the bank. To meet certain liquidity standards ,from time to time, banks sell their securities like treasury bills to rbi at a discount price called reporate ,for a short period of time like overnight or fort night . after specified time banks repurchase the bill at its face value. so high repo rate high loss for banks or hike in reporate absorbe liquidity from the market by less lending to the banks, which in turn tame inflation.

Duvvuri Subbarao - New RBI Governer

2008-09-06T04:16:00.000-07:00

Dr. Duvvuri Subbarao will be the new governor of Reserve Bank of India. He will take charge on September 05- the day when the present governor Y V Reddy term comes to end. Ending weeks of speculation over the man who will preside over the country's economic policy for the next five years, Finance Minister P Chidambaram announced the Finance Secretary D Subbaro's name at a press conference here on Monday.
Superseding the two hot contenders in the race- deputy governor Rakesh Mohan, in particular and deputy chairman of Planning Commission Montek Singh Ahluwalia- as the government's ultimate choice for the RBI governor, D Subbarao- a pragmatist with a deep and close knowledge of monetary policies has a challenging time ahead in the wake of inflation hovering around 12.50 percent mark.
His job as the RBI governor is decided at least for a few months to lower down the inflation but without paralysing growth.
Dr. Subbarao is presently holding the post of Finance Secretary in the Ministry of Finance. Prior to this, he was Secretary, Department of Economic Affairs in the Ministry of Finance. He also served Secy to PM's economic advisory council. He has also held significant posts in this area and achieved wide experience on issues in public finance. As a finance secretary he was the point person between the RBI and the government which has been desperate to curb prices.
He is said to be firm on rolling back inflation, which he once termed as “the king of tax on the poor”, to a single-digit level.
What made his way to the post of RBI governor ahead of the chief contender deputy governor Rakesh Mohan, though is not clear, but certainly outgoing governor's reluctance to accept a one-year extension helped him in the long run. Reddy wanted a three-year extension to his term.
An IIT-Kanpur alumnus, D Subbarao belongs to the 1972 IAS batch. He had topped the civil services exam in 1972 and was assigned the Andhra Pradesh cadre. Subsequent to joining the IAS, he did his MS in Economics from Ohio State University (1978) and was a Humphrey Fellow at MIT during 1982-83. He did his Ph. D in Economics and worked as an economist at the World Bank from 1999-2004.
The RBI governor is the second most important body in India's financial hierarchy after the finance minister. Because, it is the one, which controls the monetary policy, which eventually decides the direction and status of the country

Good time to buy mutual funds

2008-09-05T03:52:00.001-07:00

Good time to buy mutual funds on saturday 6th september as market went down

FDI & FII

2008-09-02T11:05:00.000-07:00

diff b/w fdi and fii
foriegn direct investment (for a sector good for india)
foriegn institutional investment (for 1 company max 10 % equit value )
For more do google.

Mutual Funds To Buy

2008-08-25T00:14:00.000-07:00

I have mentioned the name of the fund , 1 year return ,main company in thier holding and what to do with such mutual funds.

1. DSPML Top 100 Equity Reg-G

1 yr return is low...
To Do : buy at dips
2. Reliance Regular Savings Equity
return is 22% yoynot good portfolio
To Do : buy at dips
3.Sundaram BNP Paribas Select Focus Reg-G
rel ind main..yoy reyurn 14.2 %
To Do : buy at dips
4.Franklin India Flexi Cap-G
below average
1 yr return : -6 %main share airtel
To Do : sell soon
5. blue chip1-Year return -6.93 main reliance
To Do : hold
6.DWS Investment Opportunity-G
1-Year return 13.74
main co. reliance
7.Reliance growth
main div's lab

1 Year return 8.99
9.Kotak Opportunities-G

1-Year return 10.60
main : reliance

8.Sundaram BNP Paribas Select Focus Reg-G
1 Year 14.20 return
Main holding reliance

Intro

2008-08-19T10:04:00.000-07:00

Hi friends,

Will be coming with this page .