 |
Wednesday, May 28, 2008
Tuesday, May 20, 2008
UAE bank launches its first Islamic Fund
The Union National Bank ( UNB ), bank of the UAE, has launched its first Islamic Fund that will focus on Islamic equities and other Sharia compliant investment instruments.
The AI Samaha Islamic Fund aims at investing in a balanced portfolio targeted at capital growth both in the short and long term.
The Fund is an open-ended fund with weekly liqridity.
Maruti raises car prices by up to Rs 18,000
The company has hiked the price of its latest model Swift Dzire by Rs 18,000. It had launched the sedan with an introductory price ranging Rs 4.49 lakh and Rs 6 lakh across different variants.
Others Motor companies are expected to follow the suit.
Kotak Mahindra Bank allots equity shares
The committee of Kotak Mahindra Bank has allotted 11,910 equity shares of Rs 10 each.
These shares were allotted at the committee meeting held on 17 May 2008.
Friday, May 16, 2008
Titagarh Wagons Limited
TWL is one of the leading private sector wagon manufactures in India. TWL operates in rail wagon, mining, bailey bridges, other modular steel bridges, special equipment for nuclear power sector and defence sector. TWL entered into a Joint Venture cimpany with Freight Car Inc, America for manufacture of Aluminium Rails case, Cooperation and Funding Agreement entered into with JPMorgan Maritius Holding Limited for investment in Cimmco Birla Limited.
PNB banks on strong Q4 figures
The bank announced the results during trading hours yesterday, 15 may 2008. The banks current equity is Rs 315.30 crore. Face Value per share is Rs 10.
PNB's net profit rose 33.03% to Rs 2048.76 crore on 25.42% increase in total income to Rs 16262.50 crore in the year ended March 2008 over the year ended FY07.
Sales Growth of LIC at 0.2%
LIC has registered a 0.2% in sales in FY08 as compared to 90.7% in FY07. Rason being the lack of takers for ULIPs which accounted for 80% of its sales in the previous year. Investors stayed away from ULIPs due to the volatile stock market. Growth of private insurance players has also fallen by 20%.
Inflation Rate increased again
Inflation Rate increased again
There is an increasement in Inflation rate from 7.6% to 7.83%.
Inflation rate is still more than 7.5 % from three weeks continuously.
Food articles index is up 0.5% while Fuel, Power index up 0.8%. Manufactured products index is up 0.3%. Prices of Coffee is up 6%, prices of Fruits up 5.4%
Thursday, May 15, 2008
FM says:
Financial minister P. Chidambaram says that the check on "VAYDA KAROBAR" of some commodities has been taken on the pressure of some political parties, left and other. Any reasonable reason is not behind it. FM also says prices are risen not due to the "VAYDA KAROBAR". There is no any check on the vayda karobar of rest commodities. He has to check vayda karobar due to the demand of all and the committee, set up to take decision on the effect of the vayda karobar, can not take any decision.
Plans of Aries Agro :
At this movement Aries Agro is operating before its trading price. Now Aries Agro plans to set up four new manufacturing units. Aries also plans to expense on the expansion of its mobile marketing. It will also increase its expansion on renovation of office building and construction.
HOME LOANS UPTO RS 30 LAKH GET CHEAPER
Home Loans upto Rs 30 lakh may get cheaper. Risk Weightage is the capital which is kept aside by banks. Bank has to lower its Risk Weight on such loans to 50%.
Risk Weight has also been reduced to 75% for Home Loans above Rs 30 lakh.
But the borrower's loan amount should not exceed 75% of the value of the property. If the loan amount for the property is above 75% of the value of the property then the Risk Weihtage will remain unchanged at 100%.Wednesday, May 14, 2008
ICICI Bank increases repayment tenor for home loan; cuts home lone EMI
The country's largest private sector lender ICICI bank has decided to rather increase
the repayment tenor for its home loan customers while cutting down their monthly installment amount.
Reason for this step is Inflationary pressure and rising interest. The new EMI amount for its customers would be
applicable from April 2008. If a customer wanted to continue with the existing EMI,
the borrower can approach the bank for resetting the EMI.
SBI banks on expansion in GI
SBI is India's largest commercial bank but it had underperformed the market over the past one month till
13 May 2008, declining 0.27% compared to the Sensex's return of 6.66% .
It had also underperformed the market in the past three months.
SBI will associate with Insurance Australia Group (IAG). SBI will hold 74% in the Venture, with
insurance Australia Group holding the remaining 26%.
Vieocon Industries
Videocon Industries will invest total 6,000 crore Rs.
Within next three years Videocon Industries plans to add 2.5 crore subscribers in Telecom sector.
Videocon Ind will invest 6,00 crore Rs in state "Uttaranchal".
Videocon Ind is going to start its Hospitality and Hydro power project. Ind will open it's first hotel
in KOLKATA.
Market Live
Nissan plans entry-level car in India by 2010.
Nissan will launch at least three models built in five leading competitive countries.
Invest in Mirae Asset India Opportunities Fund
| |||||||||||||||||||||||||||||||||||||||
--
Regards,
Suraj Deo
Tuesday, May 13, 2008
Indian industrial production falls to 6-year low at 3%
Annual industrial growth stood at 8.1% vs 11.6%. March industrial growth stood at 3% vs 14.8%. Manufacturing products declines
but capital goods shows growth. March manufacturing growth stood at 2.9% vs 16%. FY08 manufacturing goods stood at 8.6% vs 12.5%.
REASONS:
Increasement in Interest Rate on loan.
Base effect
Pressure on margin due to rised cost
High prices of Raw Materials
PROBLEMS:
Industrial growth, probably, will be nearly 23% during FY08 – 12.
Income of new business will be lower
Decline in the growth
Crisis of bleeding oil companies
Petroleum Ministry facilitating credit of Rs 1.2 lakh crore to help bleeding oil cos.
Banks may not feel comfortable extending credit to state-owned oil companies which being projected at $ 40 to 45 billion this FY.
So, the Petroleum Ministry is talking with banks to facilitate credit of Rs 1.2 lakh crore.
But oil marketing firms are not attracted because such a measure is unable to fight the huge losses. OMC'S are losing Rs 450
crore a day, this when the Indian basket of crude was trading at $ 110.
Oil firms say raising prices is the only solution to overcome the liquidity sqreeze.
Oil bonds are also not helping OMC'S. And the cabinet decision to increase oil bonds from 42% to 57% of under recoveries has
still not been notified.
MARKET LIVE
ALCATEL LUCENT will become clients of the JV, despite RELCOMM'S association with it
- RELIANCE COMMUNICATIONS has formed a JOINT VENTURE with ALCATEL LUCENT.
- RELCOMMS is an India's second largest wireless operator by subscriber base.
- ALCATEL LUCENT is a French-American telecom equipment company.
- RELCOMMS will hold 34% and rest 66% will hold by ALCATEL LUCENT.
- JV is supposed to earn revenue approximately $ 500 by 2015.
Monday, May 12, 2008
Market
The market may open slightly lower today, says an NDTV Profit Poll. And one may see more downtrend below 4890. Nifty range for the day is expected to be 4930-5015
Tuesday, March 4, 2008
Sun outage forces revision of BSE, NSE trade timings from 4 March to 18 March new
The Bombay Stock Exchange and the National Stock Exchange will revise trade timings from March 4 till March 18, as the sun's position may disrupt connectivity, causing difficulties in receiving satellite data.
Trading would start at 9.55 am and close at 4.15 pm local time as sun outage between March 4 and Mach 18 between 11.45 am to 12.25 pm may cause loss of connectivity for traders and investors, the exchanges said in a circular.
The two exchanges would stop trading between 11.45 am and 12.25 pm and resume trading from 12.30 pm, the circular added.
Both BSE and the use VSATs (Very Small Aperture Terminal) to connect terminals of traders. VSATs depend upon satellites for connectivity between the terminals or systems.
A sun outage is a distortion of geostationary satellite signals caused by interference from solar radiation. Generally, sun outages occur during February, March, September and October. A sun outage may cause partial degradation, increase error rate, or obstruct the signal.
Friday, February 29, 2008
Income Tax slabs raised
Finance Minister P Chidambaram has announced changes in the Income Tax slabs. The threshold of exemption for all Income Tax assesses raised from from Rs 1,10,000 to Rs 1,50,000.
Every income tax assessees to get relief of minimum of Rs 4,000. New tax slabs will be: 10 per cent for 1,50,000 to 3,00,000, 20 per cent for 3,00,000 to 5,00,000 and 30 per cent above 5,00,000.For women, the income tax limit goes up from Rs 1.45 lakh to Rs 1.80 lakh. In case of senior women citizens, it increases from Rs 1.95 lakh to Rs 2.25 lakh.
Wednesday, February 27, 2008
Reliance Natural Resources Fund debuts at Rs 10.1462
Reliance Natural Resources Fund debuted at Rs 10.1462 per unit, up 1.5% from its face value of Rs 10 per unit. The scheme, whose initial public offering closed on January 31, re-opened for fresh investments and sales.
Reliance Mutual Fund had attracted over Rs 5,660 crore with the launch Reliance Natural Resources Fund. This is the second highest collection by Reliance Capital AMC after Reliance Equity Fund, which had collected over Rs 5,700 crore from over 9.25 lakhs investors in March 2006.
Reliance Natural Resources Fund is an open-ended equity scheme, launched on January 1, 2008. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Reliance Mutual Fund had attracted over Rs 5,660 crore with the launch Reliance Natural Resources Fund. This is the second highest collection by Reliance Capital AMC after Reliance Equity Fund, which had collected over Rs 5,700 crore from over 9.25 lakhs investors in March 2006.
Reliance Natural Resources Fund is an open-ended equity scheme, launched on January 1, 2008. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Tuesday, February 26, 2008
Rail Budget
New Garib Raths
--
Regards,
Suraj Deo
1. Jaipur-Chandigarh (Tri-weekly) via Rewari-Bhiwani
2. Secunderabad-Visakhapatnam Express (Tri-weekly)
3. Varanasi-Delhi (Tri-weekly)
4. Bangalore-Kochuveli(Tri-Weekly)
5. Ranchi-Delhi (Bi-weekly)
6. Jammu Tawi-Kathgodam (Weekly) (in lieu of Nizamuddin-Dehradun Garib Rath Express announced in the Railway Budget 2007-08)
7. Yesvantpur-Puducherry (Tri-weekly)
8. Jabalpur-Mumbai (Bi-weekly)
9. Delhi-Jaynagar (Bi-Weekly) via Patna
10. Pune-Nagpur (Tri-weekly)
New Trains
1. Amravati-Mumbai Express (Bi-weekly)
2. Chennai-Tiruchendur Express (Weekly)
3. Hyderabad-Usmanabad Express (Tri-weekly)
4. Bhubaneshwar-Mumbai Express (Bi-weekly) via Sambalpur
5. Amritsar-Saharsa Jan Sadharan Express (Weekly) via Hasanpur
6. Ranchi-Chopan Express(Tri-weekly)
7. Asansol-Mumbai Express via Jasidih (Weekly) with restoration of Howrah-Mumbai Mail via Gaya on all 7 days of the week
8. Kamakhya-Gandhidham Express (Weekly)
9. Kochuveli-Dehradun Express (weekly)
10. Jaynagar-Saharsa Janaki Express (Tri-weekly) via Hasanpur
11. New Dibrugarh Town-Kamakhya Express (Tri-weekly) via Moranhat
12. Machallipatnam-Bangalore Express (Tri-weekly)
13. Surat-Muzaffarpur Express (Weekly) via Azamgarh-Chhapra
14. Amritsar-Kochuveli Express (Weekly)
15. Delhi-Pathankot Express (Tri-weekly) via Amritsar
16. Malda Town-Patna Express (Tri-weekly) via Bhagalpur
17. Indore-Udaipur Express (Tri-weekly) via Ratlam
18. Varanasi-Rameshwaram Express (Weekly)
19. Delhi-Jogbani Link Express (Weekly)
20. Khajuraho-Delhi Link Express (Tri-weekly)
21. Kamakhya-Gaya Express (Weekly)
22. Ramnagar-Delhi Link Express (Daily)
23. Kolkata-Murshidabad Hazar Duari Express (Weekly)
24. Mathura-Chhapra Express (Tri-weekly)
25. Gwalior-Indore Express (Tri-weekly)
26. Udaipur-Delhi Chetak Express (Tri-weekly) via Ajmer-Neem-ka-Thana
27. Puri-Darbhanga Express (Weekly)
28. Yeswantpur-Jodhpur Express (Weekly)
29. Radhikapur-Delhi Express (Weekly)
30. Vasco-da-gama-Patna Express (Weekly) via Konkan railway
31. Paradeep-Bhubaneshwar Express (Daily) in lieu of one pair passenger service between Paradeep and Cuttack.
32. Bilaspur-Pune Express (Weekly)
33. Kendurjharagarh-Puri Express (Daily)
34. Gaya-Chennai Express(Weekly)
35. Balharshah-Mumbai Link Express (Daily)
36. New Dibrugarh Town-Yesvantpur Express (Weekly) via Moranhat
37. Ranchi-Bhagalpur Express (Tri-weekly) via Kiul in lieu of 3405/3406 Ranchi-Bhagalpur Varanchal Express (Bi-weekly via Kiul)
38. Lucknow-Delhi Air Conditioned Express (Tri-weekly)
39. Dehradun-Delhi Air Conditioned Express (Six days)
40. Ahmedabad-Mumbai Air Conditioned Express (Weekly)
41. Chennai-Rameshwaram Express (Daily) via Mayiladuthurai-Karaikudi (after Gauge conversion)
42. Chennai-Tiruchchirappalli Express (Daily) via Mayiladuthurai (after Gauge conversion)
43. Chennai-Salem Express (Daily) via Vriddhachalam (after Gauge conversion)
44. Madurai-Tenkasi Passenger (Daily) (after Gauge conversion)
45. Villupuram-Mayiladuthurai Passenger (Daily) (after Gauge conversion)
46. Mysore-Nanjanagud Town Passenger (Daily) (after Gauge conversion)
47. Ahmedabad-Patan Passenger (Daily) (after Gauge conversion)
48. Dabhoi-Pratapnagar Passenger(Daily) (after Gauge conversion)
49. Hajipur-Phulwaria passenger (Daily) (upon commissioning of new line)
50. Itarsi-Katni Passenger (Daily)
51. Shoranur-Nilambur Road Passenger (Daily)
52. Tirunelveli-Tiruchendur Passenger (Daily)
53. Vasai Road-Panvel MEMU (Daily)
Extension of Trains
1. 8611/8612 Varanasi-Ranchi to Sambalpur via Rourkela (Bi weekly)
2. 2677/2678 Bangalore-Coimbatore Express to Ernakulam
3. 4207/4208 Delhi-Raebareli Padmavat Express to Pratapgarh
4. 7405/7406 Tirupati-Nizamabad Krishna Express to Adilabad
5. 3225/3226 Danapur-Darbhanga Express to Jaynagar
6. 2855/2856 Nagpur-Raipur Express to Bilaspur
7. 2691/2692 Chennai-Bangalore Express to Sri Sathyasai Prashanti Nilayam
8. 6733/6734 Madurai-Manmad Express to Rameswaram on one side and Okha on the other
9. 2141/2142 Rajendranagar (T)-Lokmanya Tilak (T) Express to Chhatrapati Shivaji Terminus
10. 2409/2410 Nizamuddin-Bilaspur Gondwana Express to Raigarh
11. 4201/4202 Mathura-Lucknow Express to Patna
12. 2083/2084 Coimbatore-Kumbakonam Jan Shatabdi Express to Mayiladuthurai (after Gauge conversion)
13. 1423/1424 Solapur-Bagalkot Express to Gadag (after Gauge conversion)
14. 571/572 Bangalore-Salem Passenger to Nagore (after Gauge conversion)
15. 724/725 Tuticorin-Tirunvelveli Passenger to Tiruchendur
16. 356/357 Dharwar-Gadag Passenger to Bijapur
Increase in frequency
1. 2425/2426 New Delhi-Jammu Tawi Rajdhani Express from weekly to daily
2. 2203/2204 Amritsar-Saharsa Garib Rath from bi-weekly to tri-weekly
3. 2449/2450 Nizamuddin-Madgaon Goa Sampark Kranti Express from weekly to bi-weekly
4. 6513/6514 Bagalkot-Yesvantpur Basava Express from tri-weekly to daily
5. 3403/3404 Bhagalpur-Ranchi Express via Andal from five days to daily
6. 2891/2892 Baripada-Bhubaneswar Express from tri-weekly to six days a week
7. 2151/2152 Lokmanya Tilak (T)- Howrah Samrasta Express from weekly to bi-weekly
8. 2421/2422 Bhubaneswar-New Delhi Rajdhani Express from bi-weekly to tri-weekly
9. 2947/2948 Ahmedabad-Patna Azimabad Express from weekly to bi-weekly
10. 2431/2432 Nizamuddin-Thiruvanthapuram Rajdhani Express from bi-weekly to tri-weekly
11. 5109/5110 Varanasi-Rajgir Buddh Purnima Express from tri-weekly to daily
--
Regards,
Suraj Deo
Sunday, February 24, 2008
Reliance Power offers 3-for-5-bonus share issue
Anil Dhirubhai Ambani Group (ADAG) Reliance Power on Sunday set a 3-for-5-bonus share issue to cheer shareholders after a miserable debut into stock markets following a record three-billion dollars initial public offer (IPO).
Shareholders other than the founders will receive three bonus shares for every five held, effectively reducing the cost of the shares to 269 rupees for retail shareholders compared to a discounted IPO price of 430 rupees.
Shareholders other than the founders will receive three bonus shares for every five held, effectively reducing the cost of the shares to 269 rupees for retail shareholders compared to a discounted IPO price of 430 rupees.
7 good tax-saving funds to buy
7 good tax-saving funds to buy
1. SBI Magnum Taxgain
2. Sundaram BNP Paribas TaxSaver
3. HDFC Tax Saver
4. Franklin India Tax Shield
5. Principal Tax Savings Fund
6. Birla Sun Life Tax Relief '96
7. Birla Equity Plan
Check out the detail analysis at http://www.rediff.com/money/2008/feb/19elss.htm
Saturday, February 23, 2008
हिन्दी मे भेजा गया टेस्ट मेसेज
हिन्दी मे आप सिर्फ ब्लॉग मे ही नही लिख सकते बल्कि उसे अपने वेबसाइट पर भी प्रकाशित भी कर सकते है
Friday, February 22, 2008
Top 10 ELSS funds: Save tax, make money
The table below shows the top 10 ELSS funds:
Open ended - Equity: Tax planning (one year returns as on February 8, 2008 | ||
| | ||
| Fund | Returns (%) | |
| Taurus Libra Taxshield | 59.33 | |
| DSP ML Tax Saver Fund | 43.6 | |
| Lotus India Tax Plan | 38.1 | |
| DWS Tax Saving Fund | 36.07 | |
| Sundaram BNP Paribas Tax Saver | 33.46 | |
| Escorts Tax Plan | 32.24 | |
| Sahara Tax Gain | 31.41 | |
| Kotak Taxsaver | 27.45 | |
| Sundaram BNP Paribas Tax Saver 98 | 26.58 | |
| Principal Personal Taxsaver | 26.06 | |
Source: Rediff MoneyWiz
Thursday, February 21, 2008
10 golden rules to become rich
Rediff has published 10 golden rules to become rich.
1. There's no escaping risk
2. Buy right and hold tight
3. Time is your friend, impulse your enemy
4. Realistic expectations: the bagel and the doughnut
5. Why look for the needle in the haystack? Buy the haystack!
6. Minimize the croupier's take
7. Beware of fighting the last war
8. Sir Isaac Newton's revenge on Wall Street -- return to the mean
9. The hedgehog bests the fox
10. Stay the course: the secret of investing is that there is no secret
Read the full story at http://www.rediff.com/money/2008/feb/21perfin.htm
1. There's no escaping risk
2. Buy right and hold tight
3. Time is your friend, impulse your enemy
4. Realistic expectations: the bagel and the doughnut
5. Why look for the needle in the haystack? Buy the haystack!
6. Minimize the croupier's take
7. Beware of fighting the last war
8. Sir Isaac Newton's revenge on Wall Street -- return to the mean
9. The hedgehog bests the fox
10. Stay the course: the secret of investing is that there is no secret
Read the full story at http://www.rediff.com/money/2008/feb/21perfin.htm
Subscribe to:
Comments (Atom)