Stocks bought On (May 26, 2010) cannot be sold On (May 27, 2010)

NSE

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Due to bank holiday on occasion of 'Buddha-Pournima' on 27.05.2010, there will be a clubbing of settlements. Please note that shares bought on May 26, 2010 should not be sold on May 27, 2010 as trades done on both these days will be settled together on May 31, 2010.

Also, please note that the pay-in schedule has changed for stocks sold on May 26, 2010 and May 27.2010 to 10.00 a.m. and 2.00 p.m on May 31, 2010 respectively.

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Adsense for contents pays 68%

Google Adsense Page Navigation

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AdSense for content publishers, who make up the vast majority of  AdSense publishers, earn a 68% revenue share worldwide. This means Google pay 68% of the revenue that they collect from advertisers for AdSense for content ads that appear on your sites. The remaining portion that they keep reflects Google's costs for our continued investment in AdSense — including the development of new technologies, products and features that help maximize the earnings you generate from these ads. It also reflects the costs Google incur in building products and features that enable  AdWords advertisers to serve ads on  AdSense partner sites. Since launching AdSense for content in 2003, this revenue share has never changed.
Google pay  AdSense for search partners a 51% revenue share, worldwide, for the search ads that appear through their implementations. As with AdSense for content, the proportion of revenue that Google keep reflects their costs, including the significant expense, research and development involved in building and enhancing our core search and AdWords technologies. The AdSense for search revenue share has remained the same since 2005, when they increased it.

Source: http://adsense.blogspot.com/2010/05/adsense-revenue-share.html

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Moneyworks4me.com presents a blog carnival

mm MoneyWorks4me.com, India’s first ‘Stocks only’ portal that helps you make sensible “fundamental value” based investments in Indian stock market. This subscription based  website presents precise information, tools, sensible buy/sell prices based on sound fundamental stock evaluations, charts, calculators and trackers to enable you make sensible investing decision on stocks. This is an initiative of a team of over 30+ people comprising Economists, Engineers, MBAs & Tech geeks and … headed by Raymond Moses and Sreeram Thiagarajan, graduates from IIT/ IIM.

They have conducted a Blog Carnival to inspire and empower fellow citizens to invest in stocks directly, sensibly and with confidence. Here are a set of posts from experts, bloggers and their very own equity analysts to provide you, with an enriching experience. These posts explore how various stock investors arrived at their styles of Stock Investing. The mistakes they made, the lessons learned…

Stock Shastra presents a Blog Carnival - Stock Shastra_1274700497539

The Theme is “How I arrived my style of investing”. I also contributed for this highly informative and useful initiative – again a first in India. Other experts are Parag Parikh, Manish Chauhan, Ranjan Varma and Ninad Kunder. Members from Moneyworks4me team also contributed.

I thank the moneyworks4me team for giving me this opportunity. I request our readers not only to read all the posts, please share this information with your friends through Twitter and other social medias.




NABARD Bhavishya Nirman Bonds have been launched from 10th May, 2010

Banknotes from all around the World donated by...

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GENERAL INFORMATION

a). A 10 Year Zero Coupon Bond of National Bank for Agriculture and Rural Development (NABARD) hereinafter referred to as Bhavishya Nirman Bond is being issued by way of private placement as long term investment.

b) The bonds will be listed at BSE.

TERMS OF THE BOND

i. Face value:

Each bond has a face value of Rs. 20,000/-.

ii. Issue Price:

Each bond has a Issue Price of Rs. 9,500/-.

iii. Tenure of Bond:

The bonds will be issued for tenure of 10 years from the deemed date of allotment.

iv. Coupon Rate

7.73% p.a compounded. 11.05% p.a. Simple Yield

iv. Minimum Investment:

The minimum investment under Bhavishya Nirman Bond shall be 5 bonds and thereafter in multiples of five bonds.

Working details - Bhavishya Nirman Bonds

Pricing of Zero Coupon Bond and its cost to NABARD

Particulars

Current Issue

ZCB Price (Initial Investment) 9500

Maturity Proceeds 20000

Gross Yield 10500

Indexed cost of Investment 14725

Capital Gains Tax 1050

Post tax return 9450

Simple Yield (%) 11. 05%

Compounded Yield 7.73%

Post tax simple yield (%) 9.95%

Post tax compounded yield ZCB 7.15%

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TATA DOCOMO gives 6GB for Rs.95

how do you do tata docomo ?

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Tata DOCOMO-the GSM brand of Tata Teleservices Limited announced an aggressive offer on their GPRS plans for prepay customers across the Tata DOCOMO network.  GPRS package offers 5 different tariff plans from lowest of Rs. 5 to a maximum of Rs. 95 to suit varied needs of the customers.

GPRS packs are available in five denominations: With GPRS pack of MRP of Rs 5/-, subscribers can avail 10MB free usage till midnight on the day of recharge, GPRS Pack for Rs 15/-, allows subscribers to avail 500MB free usage with a validity of 3 days, GPRS pack for Rs 33/- is a night pack designed to cater to night surfers that offers free usage of 1GB for 30 days from 11pm to 7am, GPRS pack available at Rs 48, under which subscribers can avail free usage of 2GB for 30 days and GPRS pack for Rs 95/- provides subscribers free data usage of 6GB for 30 days.

After using the free data usage, customers will be charged a nominal rate of 1paise/20KB. For easy use and convenience prepay customers can opt for Rs. 5 & Rs. 15 GPRS packs through SMS. To subscribe for Rs 5 pack through SMS prepay users have to type GPRS and send SMS to 121 and for Rs. 15 pack, type GPRS15 and send SMS to 121.

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Reliance Money changes option trading Limit Card tariff

If you are a limit card customer and your account/card is still active, then please note below mentioned changes. Message marked in underline, indicates changes in existing tariffs.

1) In Derivatives segment, Options brokerage will be charged @ Rs 15/- Per lot executed. (customer will be charged new tariffs only after expiry of existing card & if card is renewed on or after 31st may 2010)

2) Service Tax, STT, Stamp Duty, Turnover Charges and any other statutory levies charged separately on on transaction as applicable.

3) Service tax will be charged separately on purchase/assignment of card.

The changes are applicable from 31st May 2010 onwards to existing customers under limit card structure and for new customers opting limit cards.

InCash & Futures segment, brokerage charged is Rs. 15/- per order executed

Previously, in Option segment also the brokerage charged is Rs. 15/- per order executed . Now it will be changed into Rs.15/lot, apart from limit card charges.

Investchips advices you to close your account, rather than trade with them. It is the costliest effective brokerage for option trading.




StanChart plans country's maiden IDR on May 25

Standard Chartered in Gurgaon, India

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Standard Chartered is likely to hit the markets with the country’s maiden Indian Depository Receipt issue on May 25, with an offering of securities worth around $600 million. The London-headquartered bank will issue around 240-million IDRs, with each share representing 10 IDRs. Sebi has approved the offering which now awaits clearance from the Registrar of Companies. Officials close to the transaction said the roadshows for the issue will begin from May 13 across 10 cities which will include the four metros as well as Bangalore, Surat, Ahmedabad, Hyderabad and Ludhiana. Roadshows could also happen in a couple of overseas locations like Singapore and Hong Kong, said officials. The issue will close on May 28.

The bank has hired UBS, Goldman Sachs, JM Financial Consultants, DSP Merrill Lynch, Kotak Mahindra Capital and SBI Capital Markets to manage the offering. The bank has raised the number of IDRs on offer from 220 million to 240 million, exercising an option which allows it to hike the issue by 10%. Unlike public issues of Indian companies, IDRs’ issue will not have any greenshoe option. The bank currently has 202.81 crore of outstanding shares. This issue is being seen as a test case by other multinationals who could follow suit with their own IDRs, depending on the response. StanChart, which opened its first Indian branch in Kolkata in 1858, is currently listed in the UK and Hong Kong. On Monday, shares were trading on the London Stock Exchange at around £17.46 (around Rs 1,175). The IDR is likely to be priced between Rs 100 and Rs 120. However, the bank would take a final call on the pricing of IDR closer to the issue opening.

Retail investors are likely to be offered a 5% discount. Officials close to the IDR said there was strong interest from anchor investors — both mutual funds and also a couple of foreign institutional investors. The bank had received interest of over $250 million, which is close to three times the $90-million investment limit for anchor investors. When contacted by ET, StanChart spokesperson refused to comment on the issue. According to the guidelines, no individual or an entity or group of entities, other than QIBs can hold IDRs exceeding 5% of the issue. QIB or a group of QIBs can hold up to 15% of the IDR issue. RBI norms do not allow banks to extend loans for subscribing to any IDR issue. IDR dividends are subject to tax unlike those of Indian companies which pay dividend distribution tax.

The bank had earlier this month in an interim statement said the group had a very strong start to the year, with both income and profit higher than in the first quarter of 2009. The bank releases only half yearly results. For the last calendar year, StanChart had reported a 13% rise in profits to $5.1 billion, driven by rising profits from Indian operations. The profit from Indian operations for the first time crossed the $1-billion mark to $1.06 billion for the year ended 2009 from $891 million a year ago. Profits were driven by a sharp rise in the corporate banking profit.  

FAQ

1. How to apply?

Just like any IPO. ASBA facility also facility.

2. What are the minimum and maximum limit?

For retail investors – Minimum Rs.20,000 to Maximum of Rs. 1,00,000 .

Non- Institutional  Investors : Rs.100000 to Upto Issue Size

3. How IDR are traded?

IDRs will be allotted and traded in demat form in BSE and NSE. Investors can convert IDRs to underlying shares, one year after allotment, but, he has to sell the converted shares within 30days of the conversion. 

4. Tax treatment of IDRs

secondary trading of IDRs are not subjected to STT. Hence capital gain tax are applicable to trading profits. You also have to pay tax for dividend declared, if any.

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Live Trading Session on Sunday, May 16, 2010 on auspicious occasion of Akshaya Tritiya

My Wild River Of Gold…!!!

Image by Denis Collette...!!! via Flickr

Please note that on account of the auspicious occasion of Akshaya Tritiya, a special session is scheduled on BOLT for trading in Gold ETF in the Cash Segment on Sunday, May 16, 2010.

Please note that the trading is allowed only in the following scrips

SCRIP CODE     ABBREVIATED NAME

590100    RELIANCEGOLD

533172    RELIGAREGOLD

590095     GOLDBEES

590097     KOTAKGOLDETF

590098    SBI GOLD ETS

590099    QUANTUMGOLD

590101  UTI GOLD ETF

The timings of the special LIVE TRADING session for the Cash Segment are given below,

Trading timings: 9.00 am to 2.20 pm

Also Stocks bought on May 14, 2010 cannot be sold on May 16, 2010 trades done on both these days will be settled together on May 18, 2010,

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Sharekhan’s top SIP Picks

Sharekhan has published a research report on Mutual Fund’s Systematic Investment Plan’s performance over a 5 years period. Annualized growth rates are as high as 26%. UTI Thematic Mid Cap Fund – Growth has grown 56% in the last one year alone. For full report, please click here.  




Reliance Mobile CDMA to offer unlimited local, STD call schemes

au CDMA 1X WIN W31SAII is a mobile phone.

Image via Wikipedia

Reliance Communications (RCom) today announced a new rate plan — Simply Unlimited Pack — with unlimited talk time on a single monthly recharge for its CDMA pre-paid customers. However, the plan does not support SMS and other value-added services.

The local pack offers customers 3,000 minutes of call time every month to any local Reliance phone (Reliance GSM, CDMA or Fixed Line) and 900 minutes of free calls per month to any other network, with a cap of 30 minutes per day for Rs 299.

If customers shoot past the limit, they would have to pay 50 paise for every additional minute. National long-distance calls will be charged at 50 paise per minute.

The Simply Unlimited CDMA National Pack is available for Rs 599, offering 3,000 minutes of call time to any Reliance phone across the country and 900 minutes of call time to any other network, with a cap of 30 minutes a day.

Both plans will be available to consumers within the next three days.

However, consumers will have to go in for another recharge for SMS, GPRS and other value added services like downloading songs and ringtones. “For services other than calls, consumers will be charged as per rack rates which are prevailing now,” said Safawi

In response to the RCom offer, an MTS executive said, “We will come out with a plan which will be much lower than the Reliance offer in a few days.”

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World Bank barred Videocon from doing business with it for three years

On Tuesday, the World Bank (WB) barred Videocon Industries from doing any business with the bank for three years, beginning 11 January 2010, for violating procurement guidelines.The World Bank has included Videocon in the list of companies that are not eligible for contracts funded by it.The firm was sent a letter of reprimand subsequent to an administrative process permitting the company to respond to the allegations, the World Bank said in its latest update of companies blacklisted for doing business due to fraud and corruption charges.

Readers can remember that earlier, Satyam Computers was banned by WB with the same charges.




Value Investment Guide from Nirmal Bang

When market prices do not reflect the true value of companies, investors must look for various details to arrive at the right valuation. Nirmal Bang, in it’s recent Beyond the Market, detailed the procedure to find the undervalued shares.

Life Insurance cover is must for ULIP : IRDA

Insurance regulator Irda, , has reemphasized that insurers should offer assured life insurance cover with Ulips.
Reiterating its December 2005 order on Ulips, Irda in an order late Monday night said: "All Unit linked Insurance products (Ulips), including pension/annuity products must have a minimum assured sum payable on death."Irda, however, clarified that provision of death benefit will not be mandatory in case of unit linked products providing health insurance cover.
Ulips, it further said, cannot be used to obtain loans. "No loan shall be granted under Unit Linked Insurance Products."
Irda further said that minimum policy term would be five years in the case of individual products, while the group products would continue to be renewed annually.
Partial withdrawal from the policies, Irda said, would be allowed only after the fifth policy anniversary for all unit linked products, except pension or annuity products.
In the case of unit linked pension or annuity products, no partial withdrawal will be permitted and the insurer will be allowed to convert the accumulated fund value into an annuity only at maturity.
Every top-up premium will have a lock in period of three years from the date of payment of that top-up premium, it said, adding they will not be allowed during the last three years of the contract.
The revised norms, Irda said, will come into effect from 1 July, 2010.
It seems IRDA finally realized that without above conditions, ULIPS are just like Mutual Funds. It can't defend it's jurisdiction in the supreme court. ULIPS are neither a good investment product nor a good insurance product. From the returns perspective, ULIPS are not the best and so investors should stay away from them. In case you need life insurance cover then  go for term insurance that too online. In case you plan to exit Ulips before the completion of five years, then you shall be liable to pay tax on all the deductions claimed against the premium paid till the year of termination. You will also have to pay a high surrender charge.

Greek Finance Minister details IMF deal

Cash

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"We are all being called to make a choice. The choice is between collapse or salvation. The choice is between fleshing out a very ambitious and difficult 3-year programme of fiscal consolidation, a programme of structural reforms ... or the country to reach an absolute dead-end."

PROTECTED FROM MARKET EXPOSURE

"Thanks to the aid the country will be protected from market exposure for the rest of 2010, 2011, 2012."

BORROWING

"The purpose of the aid programme is ... to win time to be able to return to markets under normal circumstances. The aim is that Greece returns to markets as soon as possible."

HELPING BANKS

"The third part (of the aid programme) is the creation of a fund, with specific IMF and EU contributions, that will safeguard ... capital adequacy in the banking system."

PUBLIC SECTOR WAGE FREEZE

"Salaries and pensions in the public sector will not see any increases during the programme."

 

CUTS

"Today we have to flesh out an economic programme which sees fiscal efforts to cut the deficit by 11 points of GDP, or 30 billion euros, starting from today and over the next three years."

Source : Various News Web Sites

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ArcelorMittal wants tie-up with SAIL

Map of Orissa showing location of Balasore

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World’s number one steel maker ArcelorMittalon Sunday said it  was in talks with SAIL.

“We will continue to look at various opportunities in India or anywhere. We are also in dialogue with SAIL ,” ArcelorMittal chairman and CEO L N Mittal told PTI.

Faced with inordinate delays in launching its ambitious Rs one lakh crore steel projects in Jharkhand and Orissa, ArcelorMittal had started looking at new opportunities in states like Maharashtra, besides tying up with domestic firm Uttam Galva.

The company is also reportedly in talks with Bhushan Power and Steel among other local steel makers.

Japan’s Kobe steel was also keen to join hands with Sail. A JV with Sail may give the firms easy access to vast tracts of land available with the Indian firm especially in Jharkhand.

Problems in land acquisition and associated tribal protests have been holding back the big ticket investments in India--like that of Posco and ArcelorMittal.

India’s per capita steel consumption hovers at around Rs46 kg as against the global average of 198 kg. Sail with an annual production capacity of 14 million tonnes at present is in process of enhancing its capabilities to produce 60 million tonnes by 2020.

As multinational steel majors in race to join hands with SAIL, the shareholders of SAIL expected to gain in long run.

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