31stJanuary 2012, Mumbai: Mr. Suneet Maheshwari, CEO of L&T Infrastructure Finance Company Limited which opened Tranche 2 of its tax saving infra bonds, expects huge infrastructure investments in India over the next 5 years . While highlighting the strong future prospects of infrastructure sector in India, he said that Infrastructure bonds are a boon to [...]
Read more →Few months back one of my friend -client wished to have his financial planning done for next 7 year and a retirement fund. And thats what he gave him back as a surprise! He is 25 years old. Stays with his parents and works in Tata Motors. (name hasn’t been disclosed on request) He has [...]
Read more →Well basically one can save tax on Rs. 1,35,000/- depending on one’s taxable income. At the same time there are various tax saving instruments available, we shall have look at them one by one. The tax savings comes under section 80C, 80CCF, 80D, 80CC. We shall look at each one of them and how can [...]
Read more →As on date we have updated the interest rates on fixed deposits from various banks. The banks with highest as well as lowest interst rates. Most banks offer interest rates varrying from 9.25 – 9.60%. Whereas some banks offer as high as 10.25% on one year and above deposit rates. The following chart is interest rates for [...]
Read more →Last Week the Reserve Bank of India freed the rates on NRI deposits looking at the falling price of Rupee against the dollar, the move is aimed at bringing in more foreign currency into India. So as per new directives the NRI deposits will hence forth will be freed so that the NRI deposits in Indian bank [...]
Read more →Well at present the prices of gold has corrected to some extent leading to rise in Gold ETF volumes. But at the same time looking at the increase interest amongst the consumers for purchase of Gold ETF, we will be ranking the. There are total 12 mutual fund companies (AMC) which offer gold etfs, in [...]
Read more →Over here we analyse the top ten performing stocks from NSE (Nifty 50) , The NSE 50 index contains the stocks with largest Market capitalisation. We have drawn the comparison amongst only the top 50 stocks i.e. from Nify 50, Thus the list below contains only Large Cap stocks. Though by the end of 2011 [...]
Read more →Well yes you read it right, one can trade upto 100 times of his margin money with help of cover order offered by some of the broking houses. Well Edelweiss being one of the first to offer the same, followed by Reliance money and now Axis Direct. So what is Cover order and how does [...]
Read more →Since November, 2011, the reserve bank of India deregulated the Savings interest rates there by the banks were free to decide on their own as to how much interest rate they wish to provide to their customers on savings account. At the same time the RBI allowed to keep two set of interest rates, one [...]
Read more →By Devinder Sharma At a time when Prime Minister Manmohan Singh is refusing to rollback the decision to open the retail sector to foreign direct investment saying it will benefit our country, the American President Obama thinks otherwise. In a tweet on Saturday (Nov 26), President Obama wrote: “support small businesses in your community by [...]
Read more →The allowing of FDI in retail is one of the most crtical reforms taking place in India post the great reforms period of 1991. Well the only difference is that this time around there we are not staring at bankrupcty but only at slow down in the economy. There has been huge hue and cry [...]
Read more →If you have shares in different demat accounts and want to transfer it into one account, or if you want to trasnfer some of the shares from one account to another then you need to follow a very simple 2 step process. In order to transfer shares from lets say from ICICI direct to Edelweiss [...]
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