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It is common ritual that we wish to start afresh at the beginning of a all new year. Most of investment bankers and brokers are coming out with their own list. While sifting these reports, One list published by Outlook Business magazine looks sensible. Though the stocks appears to be good, do invest in multiple chunks in dips.
Now the list
- Repco Home
- Kaveri Seeds
- Tata Global
- Yes Bank
- Aditya Birla Nuvo
- ING Vysya Bank
- ICICI Bank
- Motherson Sumi
- Inox Leisure
- Mahindra Holiday
- L& T
For rationale, please do read Outlook Business Special issue dated January 4, 2014. Stocks are listed as such not by any ranking.
Happy investing ......
Forwards Market Commission (FMC) has decided that there shall be no trading in non-agricultural commodities futures on Saturdays starting September 21st 2013.Trading in agricultural commodities presently available for trading will continue on all Saturdays between 10:00 am and 2:00 pm.
India Infoline Finance Limited is proposed to issue secured “ Non Convertible Debentures” with an option of monthly and annual interest payment and the yield works out to 12.68% p.a. for the monthly interest option.
The face value of each NCD is Rs 1,000 and minimum application is Rs 5,000 or five NCDs. The NCDs have an investment maturity tenure of three years and five years. For someone in the highest tax bracket, the 12% coupon rate works out to approximately 8.4% post-tax. The post tax return for an investor in the 20% tax bracket is around 9.6% and it is 10.8% for someone in the 10% tax bracket. It has a “Care AA” rating from CARE.
Specific Term of Issue
|Tenor||3 years||3 years||5 years||5 years|
|Coupon rate %||12||12||12||12|
|Effective yield ||12.68||12||12.68||12|
|Interest Frequency ||Monthly||Annually||Monthly||Annually|
Those wish to lock the fund for 3-5 years for a post tax yield of 8.4% per annum can invest. No TDS, if the debentures are held in demat. Minimum investment required is Rs.5000 (5 bonds).
Launch of Online Payment System for Passport Applicants W.e.f 14th June, 2013, Online Payment System will be applicable for taking appointments at following PSKs - Ahmedabad1- Arya Arcade, Ahmedabad2- Sheetal Varsha, Rajkot, Vadodra,
Surat, Jammu, Srinagar, Guwahati, Saligramam, Tambaram, Aminjikarai, Madurai, Tirunelveli City, Trichy, Thanjavur, Coimbatore, Amritsar, Jalandhar1- Eminent Mall, Jalandhar2- Aman’s Plaza and at Hoshiarpur.
Online Payment System is already applicable at Dehradun, Chandigarh, Ambala, Ludhiana and Vizag PSKs.
With the establishment of Passport Seva Kendras, MEA has taken assertive steps to deliver passport services to citizens in a timely, transparent, more accessible and reliable manner.
With launch of online payment based appointments, applicants will be required to make payment at the time of booking appointment on the MEA website. With this, only genuine
applicants will book the appointment and number of no-shows will reduce. Under the new process, payments can be made while booking an appointment on the website – www.passportindia.gov.in either by Credit /Debit card (both Master and Visa) or internet
Banking of State Bank of India. Applicants can also use the Challan option provided on the website and deposit the money in State Bank of India (SBI) branch after generating Challan online. In such cases, upon the confirmation of payment receipt by SBI in online system, applicants can take appointment. Further, instead of applicant choosing the date and time slot of appointment, system will automatically give earliest available appointment.
The new system will be gradually rolled out to all PSKs across the country in coming weeks. As part of MEA’s e-Governance initiatives, the Passport Seva Project (PSP) has transformed the
passport issuance system across India through an increased network of 77 PSKs.
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