Avoid accepting Rs.1,000/- note of series 2 AQ and 8 AC


Avoid accepting Rs.1,000/- note of series 2 AQ and 8 AC More then 2.00 CR duplicate notes worth Rs.2, 000 CR have already entered India.
Copy of this circular from RBI is also attached.

Thanks to : Dr. M.Thirunavukkarasu,

Beyond Market : Nirmal Bang’s latest research report

PBB GE IPO9 213785 at tn.

Image via Wikipedia

Nirmal Bang research releases variety of research report to it’s customers which includes daily market statistics and views on equity, F&O and commodity. We have the opportunity to read the latest issue of “Beyond Market”, which is well conceived and highly informative. As IPO party again sets in, their article on how to evaluate an IPO is thought provoking and has immense practical application value.

We recommend our readers to read the latest issue

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Google Adsense to allow third party Ad networks

Google in 1998

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Google sent out an email to AdSense publishers today letting them know that they would soon be opening up their accounts to allow for third-party ad networks that Google deems worthy of certification to display ads as well.

Here’s the full email they’re sending out:

We’re writing to let you know about an upcoming update in your AdSense account designed to help you generate the maximum revenue from your ad units. You’ll soon be able to allow multiple ad networks to show on your pages, which means that advertisers from external Google-certified networks will be able to compete with AdWords advertisers for your ad space.

If you’re unfamiliar with what ad networks are, they’re companies that partner with advertisers and publishers to buy and sell ads on sites they don’t own themselves, similar to AdSense. Ads from these networks will compete with Google ads to show on publisher sites, and the ad generating the highest revenue for publishers will be displayed.

To ensure the quality of the ads appearing on your sites, we’re certifying all participating ad networks for adherence to our standards for user privacy, ad quality, and speed. You’ll also have control over which networks can show ads on your pages — you can choose to opt out of receiving ads from specific networks, or all networks completely. This means you can continue to show ads from only AdWords advertisers if you’d like.

Finally, some ad networks use tools similar to Google’s interest-based advertising to show more relevant ads to users on the sites they visit. These ad networks won’t be permitted to collect data from your site for the purpose of subsequent interest-based advertising, but we’ll allow those who comply with user privacy guidelines to show ads using these tools. You’ll have the ability to opt out of showing ads based on user interests from these ad networks, and we’ve changed our requirements for third-party ad serving to reflect this. More information is available at http://adwords.google.com/support/bin/answer.py?answer=94230 .

These new capabilities will automatically be enabled for your account, and you’ll see a new section in your Ad Review Center where you can allow or block specific ad networks. Please note that we’ll gradually be adding new ad networks to AdSense accounts over the next few months, so you won’t see any immediate impact on your ads or your earnings.

To learn more about this launch and managing the ad networks appearing on your pages, visit the AdSense Help Center at https://www.google.com/adsense/support/bin/topic.py?hl=en&topic=13522 and watch our video demo at http://www.youtube.com/watch?v=4HyJPOVLd3I .


The Google AdSense Team

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EPUB downloads on Google Books

Official Google Blog: More books in more places: public domain EPUB downloads on Google Books: "Starting today, you'll be able to download these and over one million public domain books from Google Books in an additional format. We're excited to now offer downloads in EPUB format, a free and open industry standard for electronic books."
EPUB (electronic publication) is an e-book standard, by the International Digital Publishing Forum (IDPF), which consists of three file format standards (files have the extension .epub), described below. It supersedes the Open eBook standard.
EPub consists of three specifications:

This post is written by R.John Christy for www.investchips.com.

NHPC IPO : Basis of Allotment

Shares of NHPC are expected to be listed by the first week of September, 2009. To check your allotment status, Please click here.

moneycontrol.com - Have you applied for NHPC IPO- Read the basis of allotment_1251303674247

Buy IT Stocks and Suzlon : Fire work expected

Small Consumer Firework on the 4th of July

Image via Wikipedia

As monsoon and other DATA worries are looming large over the market, the outlook of IT pack and Suzlon looks promising.

  1. Rolta India Ltd
    Bottom Triangle
    CMP 185.65
    Target 228.00 - 241.00
    Intermediate-Term Bullish
  2. Tech Mahindra Ltd
    Ascending Continuation Triangle
    1,113.00 - 1,163.00
    Intermediate-Term Bullish
  3. Satyam Computer Services Ltd
  4. Suzlon Energy Ltd
    Symmetrical Continuation Triangle (Bullish)
    150.00 - 164.00
    Intermediate-Term Bullish
  5. NIIT Ltd
    Symmetrical Continuation Triangle (Bullish)
    94.00 - 100.00
    Intermediate-Term Bullish
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Reliance Money’s Next Charge : Annual Subscription Charge of Rs.1000 for Super Trade

How to make a fool of yourself with a banana s...

Image by purplemattfish via Flickr

Reliance Money thinks its customers are fools. What else we can say about recent series of charges imposed on its poor customers. Lately they have introduced Quarterly subscription charge of Rs.250 for using their primitive software called as “Super Trade”.  Do remember the fact that to use “Super Trade” you need Broadband net connection. If you try it in GPRS or dial-up connection, market watch would load, but none of your orders will be placed with the Exchange. Other brokerages are offering better software with very advanced charting facility for free (IndiaInfoline) or for Advance Brokerage Schemes (Sharekhan). Nobody in India dared to offer a “Good for Nothing” software for a fee. It seems Reliance Money thinks that its customers are fools.

We recommend you to quit Reliance Money and opt for Sharekhan, IndiaInfoline and Geojith. Don’t open A/c online. Visit local Franchisee to get better bargains. 

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Buy Phillips Carbon Black Limited : Nirmal Bang

Carbon Black Rally 2006 020

Image by Omnito via Flickr

Phillips Carbon Black Limited, (PCBL) is a part of the RPG Group and is the leading producer of Carbon Black (CB) in the country. PCBL sells CB to almost all tyre companies in the country. It is the world's ninth largest manufacturer of Carbon black. Nirmal Bang in it’s recent research report, came out with a  buy recommendation.

At the current market price of Rs. 141 per share, PCBL is currently trading at a PE of 4.7x FY10E and 4.1x FY11E EPS estimates. We expect the company to earn a RONW of 33% in FY10E and 29% in FY11E. At Rs. 141 per share the stock is trading at a discount of 73.2% from our intrinsic price of Rs. 244 per share which is 8.1x FY10E and 7.1x FY11E earnings. We assign a BUY rating on the stock with a long term view with a revised Price target of Rs. 244 per share.

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Claims of IBA are misleading

Indian rupee collection

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RBI accepted the IBA’s suggestion of “Savings bank customers will be subject to a withdrawal ceiling of Rs 10,000 a transaction at non-home bank ATMs.” They claimed that this decision is based on their research on customer behavior. A study by the Association showed that the average cash withdrawal per transaction from ATMs is Rs 3,500 and that 90 per cent of the transactions were under Rs 10,000.

The following facts should be considered while making any valid conclusion from the above research.

  1. Most of the ATMs in India can dispense only 40 notes in one transaction.
  2. For the past 4 months, most of the ATMs running out of Rs.500 and Rs.1000 notes and most of the times dispensing only Rs.100 notes (Rs.4000/transaction).
  3. If I wish to withdraw the proposed Rs.10000 from the ATM which has only Rs.100 denomination notes, then I need to make 3 transactions.  Then I can make only two more transactions for the rest of the month. It is unfair. In this scenario above research findings become invalid.
  4. RBI should not become puppet in the hands of Banks lobby. RBI should make decisions based on their own and Independent research not based on on body which has huge vested interest.
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ICICI Bank charges Rs.5/NEFT transaction

ICICI Bank HQ at BKC Mumbai

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You know the story of HDFC Bank unsuccessfully tried to charge Rs.5/ transaction. Now it is the turn of ICICI Bank to burden it’s customers.

Common ICICI Bank Savings account - Common Services savings account & Charges_1250865782736

ICICI bank informed its customers that each NEFT transaction would be charged Rs.5/transaction from 23.08.2009. 

It is an ill advised move. Most of the customers again turn to the old method of issuing and depositing physical cheques. Over the long run ICICI Bank’s gains would be insignificant . But PR losses would be great.

We request the ICICI bank to drop the move.

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RBI puts Rs10,000 cap per withdrawal from third party ATMs

Mobile ATMs installed in a van with guards

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Investchips one among the very few first reported that  the Reserve Bank of India has agreed to curb free ATM transactions to only five a month. Third-party ATM withdrawals thereafter would be charged to customers. Now it is official. “The Reserve Bank has agreed to put a cap of Rs10,000 per withdrawal in such (third party) transactions. Also, the number of such transactions will be limited to five times a month”. But IBA’s  recommendation of “ minimum limit of Rs1,000 on third party ATM withdrawals” was rejected by the Reserve Bank to protect the interest of small withdrawer.

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NSDL crosses 1 crore demat accounts

:en:Telharmonium console by :en:Thaddeus Cahil...

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NSDL has crossed 1,00,00,000 (one crore) demat accounts. These accounts have more than 80% of securities held in dematerialised form in India, indicating the preference and trust the investors have in maintaining their assets with NSDL. Over the period of last two years, more than 40 lakh new demat accounts were opened with NSDL. NSDL has also been appointed as Central Recordkeeping Agency for the New Pension System of Govt. of India, which has recently become operational for all citizens of the country, apart from Central and State Government employees.

Source: News Release from NSDL

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Buy Balrampur Chini Mills

Sugar mill in Proserpine, Queensland, and the ...

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It is increasingly very clear that this year sugar mills would reap a windfall. Reliable reports indicate that the government is mulling increasing the levy quota for sale of sugar from the existing 10% to 20%  and the price may be hiked to Rs.20/Kg (from present Rs.13/kg). We recommend that Balrampur Chini Mills may be bought to capitalize the increasing price trend.We also recommend midcap technology stocks like Aptech, Rolta and Patni. As market is expected to be highly volatile, we expect a positive bias. Stay invested. High risk traders can buy Nifty Aug. 4500 call options.

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Shares bought on August 18, 2009 should not be sold on August 19, 2009

Disney - Mickey Balloons Holiday Style (Explored)

Image by Joe Penniston via Flickr

Shares bought on August 18, 2009 should not be sold on August 19, 2009 as trades done on both these days will be settled together on August 21, 2009, as there is no settlement on August 19, 2009 due to ‘Parsi New Year’.

Also, please note that the pay-in schedule has changed for stocks sold on August 18, 2009 and August 19, 2009 to 10.00 a.m. and 2.00 p.m. respectively.

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Verify Your Tax Credit Online

Photo taken by myself

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Tax Information Network (TIN) offers a facility for taxpayers to view Annual Tax Statement (Form 26AS) online. Form 26AS contains the following:

Details of tax deducted/collected on behalf of the taxpayer by deductors/collectors.

Advance tax/Self assessment tax/Regular assessment tax etc. deposited by the taxpayers.

How to Register to view your tax credit online

1. Fill the online application at NSDL’s website www.tin-nsdl.com.

· Choose a user ID and password at the time of application

2. Print the acknowledgment generated on submission of the application online. TIN - Facilitation Centre (TIN-FC) selected by you during registration will contact you for inperson verification. (You can also visit TIN-FC for inperson verification. List of TIN-FC is available on TIN website.)

3. The TIN-FC will verify the identity of the tax payer with the original PAN card available with the tax payer and after verification the TIN-FC will authorize the application.

4. Three days after authorization you can view your tax credit (Form 26AS) using the user ID and password chosen at the time of application online.

Registration & authorization is a one-time activity


TIN-FC will charge the following for authorization:

a) Rs.15 (+ service tax as applicable) for authorization of PAN registration request if the tax payer visits the TIN-FC.

b) Rs.100 (+ service tax as applicable) for authorization of PAN registration request if TIN-FC visits tax payer.

No charge for viewing Form 26AS online.

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Thank you Nirmal Bang Research

Mr.Atish from Nirmal Bang Research offered to share their research reports with the readers of www.investchips.com. We strongly believe that to stay successful in the market consistently, we need timely quality information. We would publish their reports whenever necessary. Our review of their reports after one month.They can be contacted at

Nirmal Bang Research
Nirmal Bang Securities Private Limited
38-B/39 Khatau Bldg. , 2nd Floor,
Alkesh Dinesh Mody Marg,
Fort, Mumbai - 400 023
Tel-30272000,30272003,30272005 Fax-30272006
Website : www.nirmalbang.com

We again thank Nirmal Bang for their kind gesture.

P.S. I am a fan of their “He is not my husband, he is my stock broker” TV Advt. Superb concept, well executed 

Facebook Lite!

Facebook has introduced a lighter version. It is still in Beta stage.


It can be accessed @ http://lite.facebook.com/ . It is devoid of many applications but very helpful if you use dialup connection. It loads very fast .

Buy Allied Digital Services Ltd. (ADSL)

Bokeh and Reflection

Image by ozgurmulazimoglu via Flickr

Target Price : Rs. 530 in 1 year

Allied Digital Services Ltd (ADSL) is a leading player in remote infrastructure management services (RIMS). According to a McKinsey-Nasscom report, the outsourcing of IMS to India is expected to grow at a CAGR of over 30% to USD13-15 billion by 2013. ADSL acquired an 80.5% stake in US-based En Pointe Global Solution Ltd (EGSL) at an equity valuation of ~USD24 million (total equity valuation ~USD30 million) in July 2008. The acquisition has expanded ADSLs reach into the US market as well as provided access to EGSLs several Fortune 1,000 clients. Due to its unique positioning, ADSL shall ride the high growth in the RIMS and solution market. This coupled with the sustainability of its margins will help it to grow its earnings at a CAGR of 19.6% (on adjusted earnings basis) over FY2009-11. Considering its 19.6% earnings CAGR and healthy return ratios, ADSL seems to be trading at attractive valuations of 7x FY2010 earnings estimate and 5.9x FY2011 earnings estimate.

This analysis is based on Sharekhan and India Infoline research reports. Both came out with a buy recommendation. Hence this week itself, this scrip may shoot up. Long term investors may accumulate when ever there is a correction. 

RBI limits free ATM transactions to five per month ?

Reserve bank of India Headquarters

Image by soham_pablo via Flickr

Officials at the Indian Banks Associations told CNBC-TV18 that the Reserve Bank of India has agreed to curb free ATM transactions to only five a month. Third-party ATM withdrawals thereafter would be charged to customers.

It seems that RBI has now agreed to cap free ATM withdrawals to only five per month. Remember, this was a suggestion made by IBA to RBI.

What this means of course is that free ATM withdrawals in excess of five will now be charged to the customer. Also, according to IBA sources, the RBI has agreed to limit the free ATM withdrawal only to savings account customers–current account customers will not be able to enjoy the benefit. But Inter-bank balance enquires will remain free.

Present unlimited other Bank’s ATM access is really a great inconvenience to the customers than a service. Atleast this measure would help to partially restores normalcy in ATM cash withdrawal.

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L&T Finance NCD : 9.85- 10.5% YIELD

Public Issue by the Company of 50,00,000 Secured Redeemable Non-Convertible Debentures of the face value of Rs.1,000/- each aggregating to Rs.500 Crores with an option to retain over-subscription upto Rs.500 Crores for issuance of additional NCDs, aggregating upto a total of Rs.1,000 Crores

Minimum Subscription 10 NCDs (Rs.10,000/-) Full amount on application

Mode of allotment Compulsorily in dematerialised form

Trading Lot One NCD


Outbox for Emails in Limbo : Gmail is on top

Official Google Mobile Blog: The Iterative Web App: Outbox for Emails in Limbo
With the web-browser-based Gmail for mobile Gmail launched in April for iPhone and Android-powered devices, you can compose mail even when you're offline. That means you can write an email when there's no wireless connection, like in a subway or an airplane. And when you hit send, the message will be sent when the phone's network connectivity gets re-established. But what if you'd like to view the message that you just "sent" while still offline? Where can you find those 'sent but not actually sent' emails? Before today, the answer was "nowhere."

To solve this problem, gmail now introducing a new feature, called Outbox. Outbox is a new label that appears in the menu when you have queued messages stuck on your phone and presents a read-only view of the subject of those messages. So if you want to make sure the previous message was sent before writing a follow-up mail, you can go ahead and find it in Outbox. Please note that you can read only the subject, not the body, of messages in Outbox.

To try out Gmail for mobile, visit gmail.com in your mobile browser. This version of Gmail for mobile supports iPhone/iPod touch OS 2.2.1 or above, as well as all Android-powered devices, and is available for US English only. To make it easy to access your Gmail account, try creating a home screen link.

This post is written by R.John Christy for www.investchips.com.

Rumor – Israel firm offers to buy Nagarjuna Agrichem

Fully unconfirmed market rumor indicates that one Israel firm offers to buy Nagarjuna Agrichem’s ( BSE code : 524709) promoters stake at Rs.225/share ( Yesterdays closing Rs143.50). Expected 2009-10 EPS 40 and P/E ratio 3.5 . May cross Rs.250 in 3 months.

High risk traders can take position.   This rumor is not verified. High risk call @ your own risk.

Have your cup of Tea

Investchips recently recommended Jayshree Tea & Industries Ltd which again started to move up. We again recommend this scrip for a target of Rs.246. Indusind bank would soon move past Rs.100. Hence stay invested. Only scrip which defied our recommendation is Suzlon Energy. It has huge debt servicing in the month of September and skipping of dividend indicates its cash position.  But it is in the promising sector and has good management. Our qualitative call on Suzlon is stay invested and accumulate in dips.

Official AdSense Facebook Fan Page

Image representing Facebook as depicted in Cru...

Image via CrunchBase

Google Adsense  pleased to announce that the official AdSense Facebook Fan Page is now up and running! A one-stop shop for up-to-date information, Adsense Facebook Fan Page will be synched with the blog and Twitter, and will house optimization photos and videos that are currently found on our YouTube channel. (If you're unfamiliar with Facebook, learn more on Facebook's profile.)
The AdSense Facebook Fan Page will open up a new method of communication between our team and our publishers. You'll be able to respond to poll questions and complete surveys, helping our team better understand your needs so we can keep improving our products. You can also find out about upcoming events under the 'Events' tab and look out for posts about new AdSense features, webinars, and more on our wall. Adsense team will be contributing to the page, so be sure to check the page often for different opportunities to provide us with your input and learn more about AdSense.

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Google Chrome New Beta released

Google Chrome Blog: A New Beta: Why slow down when you can speed up?
There's a brand new beta for you to try out today. As always, we continue to focus on speed, and this beta release shows over 30% improvement on both the V8 and SunSpider benchmarks over our current stable channel release. They have also improved two of the most loved and most used features of Google Chrome: the New Tab page and the Omnibox. Plus, you can add a little bit of style by allowing you to deck out your browser with colors, patterns, and images.

This post is written by R.John Christy for www.investchips.com.

Category filtering for Adsense Beta English Advts

Google AdSense

Image by vincenthorn via Flickr

Category filtering lets you prevent ads from up to 5 specific categories such as religion, politics, and dating from appearing on your pages. Your filters will be applied to ads in English, regardless of how they're targeted. In addition, you'll be able to see the percentage that each category contributes to your earnings, which can help you understand any revenue impact you might notice as a result of filtering.Today, Adsense extending the beta to publishers in a number of English-speaking countries including, but not limited to, Australia, Canada, India, Ireland, the U.K., and the U.S.

For more information, Please click here.

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Shriram Transport Finance Non Convertible Debentures (NCD) : Invest

Shriram Transport Finance Company Limited ("STFC") is offering with public issue of Secured Non-Convertible Debentures, ("NCDs").


Issue Period : July 27, 2009 till August 14, 2009

Yield : Upto 11.50% p.a.

Rating ; 'AA (ind)' by Fitch and 'CARE AA+' by CARE.

Minimum Application : Rs.10,000/- (10 NCD's)

Senior Citizens shall be entitled to an additional interest at the rate of 0.25% per annum on Option I & II

Issue Size
The size of the issue is Rs. 500 crores with an option to retain over subscription of up to Rs. 500 crores for issuance of additional NCDs ('Issue')

  • No income tax is deductible at source as per the provisions of Section 193 of the IT Act on interest on debentures issued by a company in a dematerialised form listed on recognised stock exchange in India
  • The NCDs will be issued in Demat mode only

We advice you to invest this issue as the interest offered is optimum considering the risk and company profile. 

NHPC IPO – What to do?

The pipes carrying water down to the Bonningto...

Image via Wikipedia

National Hydroelectricity Power Corporation (NHPC) is a hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. The company carries out all activities related to the development of hydroelectric projects, from the concept stage to the commissioning stage.

The issue of 167.73 crore equity shares (of which 111.82 crore is fresh issue and 55.91 crore is offer for sale by the Government of India [GoI]) is aimed at raising Rs5,032.1 crore to Rs6,038.5 crore (depending on the price band of Rs30-36 per share).

Long term investors who can hold for more than 5 years can invest in this issue. In terms of valuations, the issue is priced between 1.7x-2x post-money book value that is at a discount to the listed utilities in this line of business as the RoE is low compared to its peers. Short term investors who wish to double their money on listing can avoid this issue.

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Religare charges Rs.75/MF transaction & Rs.25/SIP transaction

SEBI banned the practice of charging entry load in MF unit purchase transactions. It also permitted MF distributors to fix their own fees for their services. As these directives takes effect on Aug 1, 2009, Religare came out with it’s tariff schedule for MF transactions.  The charges intimated are

  1. For lumpsum MF investment : Rs75/transaction
  2. For SIP : Rs.25/transaction
  3. For unlimited transactions : Rs.2000-Rs1000 depending upon customer platform


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Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
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