INVEST CHIPS

Indiainfoline’s New Model Portfolio

2009-07-10T19:44:00.001+05:30

Indiainfoline has constructed a new model portfolio for investment. The list includes ACC, Bajaj Auto, Canara Bank, DLF, ICICI bank, ITC, Indiabulls Real Estates, L&T, Reliance, Reliance Capital, RCOM, Simplex infra, Sintex and suzlon.

For full report, Please Click herehttp://www.indiainfoline.com/marketing/IIWW_100709.pdf http://www.indiainfoline.com/marketing/IIWW_100709.pdf

Don’t withdraw cash from other bank’s ATMs

2009-07-10T07:54:00.001+05:30

This is the story published in the Hindu Businessline. I am publishing here as this problem is highly relevant now and I myself undergoing trauma after tried to withdraw cash from ICICI bank’s ATM from my HDFC Bank A/c.

The promise of ‘Free access to all ATMs for bank customers’ across the country was expected to revolutionise customer experience.

(The RBI had promised an expanded access to bank ATMs from April 1 this year).

Three months later, it is turning out to be a nightmare for many customers as banks still haven’t got their act together.

Just try getting cash out of an ATM of a bank (where you don’t have an account). It will be nothing short of a miracle if your transaction goes through smoothly. Often your request is turned down — for a variety of operational reasons. Bankers do admit that there are compatibility issues remaining to be sorted out. For instance, different banks have different limits on the amounts that you can draw.

In the normal course, if your ATM request gets turned down, you would just resign yourself to this disappointment and quietly look for your own tried and trusted bank’s ATM. Ah! If only life were that simple. As you will find soon, the problem doesn’t end there. You may not get the cash — but your card swipe may have still deducted the balance in your account.

Now try telling your bank or the other bank (from whose ATM you tried to draw cash) about this and see how they make you run from pillar to post. And they just won’t let you register a complaint. Listen to this traumatic experience:

Says Mr Ramasubramanian, a Savings Bank account holder in SBI, ‘I went to draw cash from the SBI dispenser near my house. As the cash dispenser was ‘out of order’, I opted to draw from the IOB point located near by. When I punched the amount, it displayed ‘High amount’. I returned home to check my balance on the Net and found that my account was debited, but the machine had not dispensed cash. I rushed to the Indian Overseas Bank branch in Mandavelli (in Chennai), only to be told that I would have to report the matter to the bank in which I hold an account. When I explained my predicament to an SBI official, he asked me to send my representation to the home branch (where I had initially opened my account). Incidentally, I am now working in Chennai, but I had opened the account in an SBI branch in Bhubaneshwar, my first place of posting.’

SBI officials, when contacted, said “core banking is only for transaction and some of the other facilities that we offer. Such complaints are outside the purview of CBS. The customer will have to lodge his complaint in the home branch.”

Weekend woes

Mr Ramasubramanian is not alone. The plight of Mr Mahendran (also an SBI customer) sounds worse. He had, on a Saturday, tried to withdraw cash from an IDBI ATM located near his residence in vain. He then tried at the Axis Bank machine, only to be told by the security personnel that the ATM was rejecting cards of other banks. He then tried with the Canara Bank ATM. “The message read ‘Transaction cancelled’. So I went in search of an SBI dispenser, and found to my dismay that my account had been debited. Since all this happened during the weekend, I had to wait till Monday to represent the matter. An IDBI official asked me to sort this out with SBI, and at SBI, they were furious because I used the ATM of another bank. After heated arguments, I was asked to give a complaint in writing.”

So be cautioned when you decide to draw cash from an ATM of some other bank. It probably is worth walking/driving a little further in search of an ATM of the bank in which you hold an account.

The RBI needs to intervene immediately, if this initiative is not to come unstuck.

Reliance Money NEW % Brokerage Structure

2009-07-09T15:23:00.002+05:30

Image by BBPANTONE via Flickr

% Brokerage Structure

Delivery Margin Options

Turnover Brokerage Turnover Brokerage Premium Turnover Brokerage (In Rs.) on Both legs

Delivery More then 2.5 Cr 0.15%
Margin 50 Cr. Or More 0.015%
Option Premium 25 Lacs Or More 50

More then 2.5 Cr 0.15%
25 Cr. To 50 Cr. 0.020%
25 Lacs Or More 50

50 Lacs to 2.5 Cr. 0.20%
10 Cr. To 25 Cr. 0.025%
10 Lacs To 25 Lacs 60

25 Lacs to 50 Lacs 0.30%
5 Cr. To 10 Cr. 0.030%
5 Lacs To 10 Lacs 70

10 Lacs to 50 Lacs 0.40%
2 Cr. To 5 Cr. 0.040%
2 Lacs To 5 Lacs 80

Less then 10 Lacs * 0.45%
Less then 2 Cr. * 0.050%
Less than 2 Lacs * 100

* DEFAULT SLAB

Client will be moved from Default Slab to a lower slab according to the sliding scale table on achieving any turnover condition; either in Delivery, Margin Or in Option

SMS BASED SERVICE FOR TAX CHALLAN STATUS

2009-07-08T06:32:00.001+05:30

Image by Brent and MariLynn via Flickr

Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS.

SMS based verification

The procedure for availing this facility is as under:

1. Send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment and the amount.

2. Challan Identification Number (CIN) consists of BSR Code of Collecting Branch (seven digit), Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit).

3. The amount is an optional field. If you provide the amount in the SMS you would get the confirmation whether the amount uploaded by bank matches with the amount paid by you.

4. Each of BSR code, Tender date, the challan serial number and amount should be separated by commas

For e.g., if the tax payer input “CSI 0510001,11032009,5,5000” where in

“0510001” is the BSR code of the collecting branch,

“11032009” is the Challan tender date,

“5” is the Challan serial number and

“5000” is the amount paid by the taxpayer.

The tax payer will get the information against which TAN/PAN the payment has been accounted with the confirmation whether amount entered is matched or not.

(This is an illustrative CIN, actual CIN should be provided in the SMS).

There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider.

Online Challan Status Inquiry

You can also get the status of your CIN from www.tin-nsdl.comunder the section Challan Status Inquiry.

How to open Google Notebook in Firefox 3.5 and Chrome?

2009-07-07T22:08:00.001+05:30

Image via CrunchBase

Recently Google stopped developing Google Notebook and not permitting to open new accounts. But old users are still permitted to use this service. With Google Notebook, you can browse, clip, and organize information from across the web in a single online location that's accessible from any computer.To access the full-page view, just click on the Open in full page link in your mini Google Notebook, or log in directly at www.google.com/notebook. But new Firefox 3.5 doesn’t support Notebook addon. But without addon, you can still access your mini notebook.

Steps

Open firefox or chrome
Bookmark this link : http://www.google.com/notebook/onpage?client=gnotesff&v=1.0.0.22
Then click that new bookmark. You can get the mini notebook.

Gmail is out of beta

2009-07-07T20:48:00.000+05:30

Official Google Blog: Google Apps is out of beta (yes, really)
Google officially announced that Gmail, Google Calendar, Google Docs and Google Talk — both enterprise and consumer versions — are now out of beta.

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

Reliance Time Out Rock Festival 09

2009-07-07T07:40:00.001+05:30

Image by dgilmalle via Flickr

Reliance Time Out, the books, music, stationery, toys and gifts store of Reliance Retail, presents an ideal platform for young talent in rock music to showcase their genius at the Reliance Time Out Rock Festival 2009. The great Reliance Time Out Rock Festival 2009 features performances by several aspiring bands from Delhi NCR region every Saturday. They are set to rock the music lovers of the city. The month long rock festival is being held at the Reliance Time Out Ambience Mall, Gurgaon outlet from July 2nd – August 2nd 2009.

The rock festival also has great offers on an exciting and extensive range of rock music merchandise. The merchandise comprises over a 1000 audio and video titles including music of some of the most loved artistes and music groups like Bob Dylan, Aerosmith, Jethro Tull, Deep Purple, Iron Maiden and Santana amongst many others. Customers will also be entitled to discounts up to 50% on a wide range of rock covers and originals of various artists.

Religare Wellness launches Swine Flu Kit

2009-07-07T07:29:00.001+05:30

ReligareWellness, one of India's largest wellness retail chains, has launched a special SwineFlu Kit that will help in preventing people from the deadly virus that has afflicted hundreds of people across the world. The special Swine Flu Kit comprises a Face Mask, a Hand Sanitizer, Paracetamol Strip, a Thermometer, Surgical Gloves and Disinfectant Wipes. The products in the kit are also available separately.

The kit is reasonably priced at Rs. 65/- and is largely popular amongst those who are health conscious. The kit is available across the country at nearly 131 Religare Wellness stores .

This kit can at best be considered as “PREVENTIVE” not a curative.

India Infoline Update: Highlights of Union Budget 2009-10

2009-07-07T06:45:00.001+05:30

Image by l_RaDaR_l via Flickr

Thanks to : India Infoline News Service / Mumbai 06-Jul-2009

Highlights of Union Budget 2009-10

The structure of India’s economy changed over the last ten years with contribution of the services sector to GDP at well over 50 per cent and share of merchandise.

Key Features of Budget 2009-2010

CHALLENGES

To lead economy to high GDP growth rate of 9 per cent per annum at the earliest
To deepen and broaden the agenda for inclusive development
To improve delivery mechanisms of the government.

OVERVIEW OF THE ECONOMY

Growth rate of Gross Domestic Product dipped from an average of over 9 per cent in the previous three fiscal years to 6.7 per cent during 2008-09.
Whole sale price index rose to nearly 13 per cent in August, 2008 and had an equally sharp fall to zero per cent in March, 2009.
The structure of India’s economy changed over the last ten years with contribution of the services sector to GDP at well over 50 per cent and share of merchandise
trade doubling to 38.9 per cent of GDP in 2008-09.
Recognising economic recovery and growth as co-operative effort of the Central and State Governments, meeting with Finance Ministers of States held as part of preparation of the Budget. This is intended to become an annual feature.

TOWARDS ECONOMIC REVIVAL

Short-term Measures

! To counter the negative fallout of the global slowdown on the Indian economy,
Government responded by providing three focused fiscal stimulus packages in the form of tax relief and increased expenditure on public projects along with RBI taking a number of monetary easing and liquidity enhancing measures.
Fiscal accommodation led to an increase in fiscal deficit from 2.7 per cent in 2007-08 to 6.2 per cent of GDP in 2008-09.
The fiscal stimulus at 3.5 per cent of GDP at current market prices for 2008-09 amounts to Rs.1,86,000 crore.
Measures taken by the Government were effective in arresting the fall in GDP growth rate in 2008-09. 6.7 per cent growth rate recorded in 2008-09.

Infrastructure Development

IIFCL to evolve a Takeout financing scheme in consultation with banks to facilitate incremental lending to infrastructure sector.
IIFCL to refinance 60 per cent of commercial bank loans for PPP projects in critical sectors over the next fifteen to eighteen months. IIFCL and Banks are now in aposition to support projects involving total investment of Rs.1,00,000 crore.

Highway and Railways

Allocation to National Highways Authority of India (NHAI) for the National
Highway Development Programme (NHDP) increased by 23 per cent over B.E. 2008-09 in B.E. 2009-10 and allocation for Railways increased from Rs.10,800 crore in Interim B.E. 2009-10 to Rs.15,800 crore in B.E. 2009-10.

Urban Infrastructure

Allocation under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) stepped up by 87 per cent to Rs.12,887 crore in B.E. 2009-10 over B.E. 2008-09. Allocation for housing and provision of basic amenities to urban poor enhanced to Rs.3,973 crore in B.E. 2009-10. This includes provision for Rajiv Awas Yojana (RAY), a new scheme announced.

Brihan Mumbai Storm Water Drainage Project (BRIMSTOWA)

Provision for the project BRIMSTOWA initiated in 2007 and funded through Central Assistance to address the problem of flooding in Mumbai, enhanced from Rs.200 crore in Interim B.E. 2009-10 to Rs.500 crore in B.E. 2009-10 to expedite completion of the project.

Power

Allocation under Accelerated Power Development and Reform Programme (APDRP) increased by 160 per cent to Rs.2,080 crore in B.E. 2009-10 over B.E. 2008-09.

Gas

Blueprint to be developed for long distance gas pipelines leading to a National Gas Grid to facilitate transportation of gas across the length and breadth of the country.

Assam Gas Cracker Project

Outlay for Assam Gas Cracker Project stepped up suitably in B.E. 2009-10.

AGRICULTURE DEVELOPMENT

Target for agriculture credit flow set at Rs.3,25,000 crore for the year 2009-10. In 2008-09 agriculture credit flow was at Rs.2,87,000 crore.
Interest subvention scheme for short term crop loans up to Rs.3 lakh per farmer at the interest rate of 7 per cent per annum to be continued. Additional subvention of 1 per cent to be paid from this year, as incentive to those farmers who repay short term crop loans on schedule. Additional allocation of Rs.411 crore over Interim B.E. 2009-10 made for this.

Debt Relief for Farmers

Time given to the farmers having more than two hectares of land to pay 75 per cent of their overdues under Debt Waiver and Debt Relief Scheme extended from 30th June, 2009 to 31st December, 2009.
Taskforce to be set up to examine the issue of debt taken by a large number of farmers in some regions of Maharashtra from private money lenders who were not covered by the loan waiver scheme announced last year.

Accelerated Irrigation Benefit Programme

Allocation under Accelerated Irrigation Benefit Programme (AIBP) increased by 75 per cent over B.E. 2008-09.
Allocation under Rashtriya Krishi Vikas Yojana (RKVY) stepped up by 30 per cent in B.E. 2009-10 over B.E. 2008-09.

RESTORING EXPORT GROWTH

Adjustment assistance scheme to provide enhanced Export Credit and Guarantee Corporation (ECGC) cover at 95 per cent to badly hit sectors extended upto March 2010.
Allocation for Market Development Assistance Scheme enhanced to Rs.124 crore in B.E. 2009-10.
Interest subvention of 2 per cent on pre-shipment credit for seven employment oriented export sectors extended beyond the current deadline of September 30, 2009 to March 31, 2010.
To facilitate flow of credit at reasonable rates, Rs.4,000 crore provided as special fund out of Rural Infrastructure Development Fund (RIDF) to Small Industries Development Bank of India (SIDBI). This will incentivise Banks and State Finance Corporations (SFCs) to lend to Micro and Small Enterprises (MSEs) by refinancing 50 per cent of incremental lending to MSEs during the current financial year.
Stimulus package for print media comprising waiver of 15 per cent agency commission on DAVP advertisements and 10 per cent increase in DAVP rates to be paid as a special relief subject to documentary proof of loss of revenue in nongovernmental advertisements, extended from 30th June, 2009 to 31st December, 2009.

MEDIUM-TERM SUSTAINABILITY

To bring the fiscal deficit under control, institutional reform measures to be initiated during the current year itself.

Fertilizer Subsidy

To ensure balanced application of fertilizers for increasing agricultural productivity, Government intends to move towards a nutrient based subsidy regime so as to cover larger basket of fertilizers with innovative fertilizer products available in the market at reasonable prices.
It is intended to move to a system of direct transfer of subsidy to the farmers in due course.

Petroleum and Diesel pricing Policy

With almost three quarters of our oil consumption met through imports, it is important to recognise that domestic prices of petrol and diesel are broadly in sync with global prices. Government to set up an expert group to advise on a viable and sustainable system of pricing petroleum products.

Taxation

SARAL – II forms to be introduced early.

People’s ownership of PSUs

While retaining at least 51 per cent Government equity in Public Sector Undertakings, people’s participation in disinvestment programmes to be encouraged.
Public Sector Enterprises such as banks and insurance companies to remain in public sector and will be given full support including capital infusion to grow and remain competitive.

Financial Sector

The threshold for non-promoter public shareholding for all listed companies to be raised in a phased manner.
Scheduled commercial banks allowed to set up off-site ATMs without prior approval subject to reporting.
A sub-committee of State Level Bankers Committee (SLBC) to identify and formulate an action plan for providing banking facilities in under-banked/unbanked areas in the next three years. Rs.100 crore set aside as one-time grant in-aid to ensure provision of at least one centre/Point of Sales (POS) for banking services in each of the unbanked blocks.
Government has established Competition Commission of India, an autonomous regulatory body. An Appellate body headed by a retired judge of Supreme Court also constituted.

TOWARDS INCLUSIVE DEVELOPMENT

National Rural Employment Guarantee Scheme (NREGS)

Allocation under NREGS increased by 144 per cent to Rs.39,100 crore in B.E. 2009-10 over B.E. 2008-09.
To increase productivity of assets and resources under NREGA, convergence with other schemes relating to agriculture, forests, water resources, land resources, ruralroads initiated. In the first stage 115 pilot districts selected for convergence.

National Food Security Act

! National Food Security Act to be brought in to ensure entitlement of 25 kilo of rice or wheat per month at Rs.3 per kilo to every family living below the poverty line in rural or urban areas. Food Security Bill to be put on the website of the Department of Food and Public Distribution for public debate.

Bharat Nirman

Allocation for Bharat Nirman increased by 45 per cent in 2009-10 over B.E. 2008-09. Allocations under Pradhan Mantri Gram Sadak Yojana (PMGSY) increased by 59 per cent over B.E. 2008-09 to Rs.12,000 crore in B.E. 2009-10.
Under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), allocation increased by 27 per cent to Rs.7,000 crore.
Allocation under Indira Awaas Yojana (IAY) increased by 63 per cent to Rs.8,800 crore in B.E. 2009-10. Allocation of Rs.2,000 crore made for Rural Housing Fund (RHF) in National Housing Bank (NHB) to boost the resource base of NHB for refinance operations in rural housing sector.

Pradhan Mantri Adarsh Gram Yojana (PMAGY)

New scheme Pradhan Mantri Adarsh Gram Yojana (PMAGY) with an allocation of Rs.100 crore launched on pilot basis for integrated development of 1000 villages having population of scheduled castes above 50 per cent.

EMPOWERMENT OF WEAKER SECTIONS

The Swarna Jayanti Gram Swarozgar Yojana (SGSY) restructured as National Rural Livelihood Mission to make it universal in application, focused in approach and time bound for poverty eradication by 2014-15. In addition to capital subsidy at enhanced rate, interest subsidy to poor households to be provided for loans upto Rs.1 lakh from banks.
There are over 22 lakh Women’s Self Help Groups linked with banks. Reach of SHGs to be widened to enrol at least 50 per cent of all rural women in India as members of SHGs over the next five years.
Corpus of Rashtriya Mahila Kosh to be increased from Rs.100 crore to Rs.500 crore over the next few years.

Female Literacy

National Mission for Female Literacy to be launched with focus on minorities, SC, ST and other marginalized groups with the aim to reduce level of female illiteracyby half in three years.

Integrated Child Development Services (ICDS)

All ICD Services to be extended to every child under the age of six by March, 2012.

Student Loans to Weaker Sections

To enable students from economically weaker sections to access higher education, a scheme to provide full interest subsidy during the period of moratorium introducedto cover loans taken from scheduled banks to pursue any of the approved courses of study in technical and professional streams from recoganised institutions in India.

Welfare of Minorities

Plan outlay of Ministry of Minority Affairs enhanced from Rs.1,000 crore in B.E. 2008-09 to Rs.1,740 crore in 2009-10 registering an increase of 74 per cent. This includes Rs.990 crore for Multi-Sectoral Development Programme for Minorities, Grants-in-aid to Maulana Azad Education Foundation, National Minorities Development and Finance Corporation and pre and post matric scholarship for minorities.
Allocations made for the new schemes of National Fellowship for Students from minority community and Grants-in-aid to Central Wakf Council for computerization of records of State Wakf Boards.
Rs.25 crore each allocated for establishing new campuses at Murshidabad in West Bengal and Malappuram in Kerala by Aligarh Muslim University.

Welfare of workers in the unorganized sector

Action initiated to ensure implementation of social security schemes for occupation like weavers, fishermen and women, toddy tappers, leather and handicraft workers, plantation labour, construction labour, mine workers, bidi workers and rickshaw pullers. Necessary financial allocation will be made for these schemes.

Employment Exchanges

New project for modernization of Employment Exchange in public private partnership to be launched so that a job seeker can register on line from anywhere and approach any employment exchange.

Handloom

One handloom mega cluster each in West Bengal and Tamil Nadu and one powerloom mega cluster in Rajasthan to be set up. New mega clusters for carpets to be also set up in Srinagar (J&K) and Mirzapur (UP).

Health

Allocation under National Rural Health Mission (NRHM) increased by Rs.2,057 crore over Interim B.E. 2009-10 of Rs.12,070 crore.
All BPL families to be covered under Rashtriya Swasthya Bima Yojana (RSBY).
Allocation under RSBY increased by 40 per cent over previous allocation to Rs.350 crore in B.E. 2009-10.

Environment and climate change

In furtherance to National Action Plan on Climate Change, eight national missions representing a multi-pronged long-term and integrated approach to be launched.
National Ganga River Basin Authority set up. Budgetary allocation under National River and Lake Conservation Plans increased from Rs.335 crore in B.E. 2008-09 to Rs.562 crore in B.E. 2009-10.
Special one-time grant of Rs.100 crore given to Indian Council of Forestry Research and Education, Dehradun.
Rs.15 crore each to be allocated to Botanical Survey of India and Zoological Survey of India. An additional amount of Rs.15 crore to be allocated for Geological Survey of India.

TOWARDS BUILDING ACOUNTABLE INSTITUTIONS

Improving Delivery of Public Services

Unique Identification Authority of India (UIDAI) to set up online data base with identity and biometric details of Indian residents and provide enrolment and verification services across country. Provision of Rs.120 crore made for this in the Budget.
First set of unique identity number to be rolled out in 12 to 18 months.

National Security

Additional amount of Rs.430 crore provided over Interim B.E. 2009-10 to modernise police machinery in the States.
Additional amount of Rs.2,284 crore proposed over Interim B.E. 2009-10 for construction of fences, roads, flood lights on the international borders.
Programme for housing to create 1 lakh dwelling units for Central Para-military
Forces personnel to be launched through innovative financing model.

One Rank One Pension for Ex-servicemen (OROP)

Based on the recommendation of the Committee headed by the Cabinet Secretary on OROP, government has decided to substantially improve the pension of pre 01.01.2006 defence pensioners below officer rank and bring pre 10.10.1997 pensioners on par with post 10.10.1997 pensioners. The decisions to be implemented from 01st July, 2009 and will cost more than Rs.2,100 crore annually.

Education

Provision for the scheme ‘Mission in Education through ICT’ substantially increased to Rs.900 crore and the provision for setting up and up-gradation of Polytechnics under the Skill Development Mission enhanced to Rs.495 crore.
Rs.827 crore allocated for opening one Central University in each uncovered State.
Rs.2,113 crore allocated for IITs and NITs which includes a provision of Rs.450 crore for new IITs and NITs.
The overall Plan budget for higher education is to be increased by Rs.2,000 crore over Interim B.E. 2009-10.
Rs.50 crore allocated for Punjab University, Chandigarh. Plan allocation for Chandigarh to be suitably enhanced during the year to provide better infrastructure to the people of Chandigarh.

Commonwealth Games, 2010

Outlays to be stepped up from Rs.2,112 crore in Interim Budget to Rs.3,472 crore in regular Budget 2009-10.

Merger of Fidelity MultiManager Cash Fund with Fidelity Cash Fund

2009-07-05T08:14:00.001+05:30

Image via Wikipedia

Fidelity Mutual Fund has notified the merger of its scheme Fidelity MultiManager Cash Fund with Fidelity Cash Fund. All the existing unit holders may note that;

Effective from 10th July '09, Fidelity MultiManager Cash Fund shall cease to exist and all the existing units will be merged with Fidelity Cash Fund.
Existing Unitholders will be allotted new units for Fidelity MultiManager Cash Fund wef 10^thJuly'09 as per the prevailing NAV of the merged scheme (Fidelity Cash Fund ).
If you do not wish to accept the proposed merger, you can redeem your investment without being charged an exit load on or before July 08, 2009 . Your request should be placed latest by 13:45 p.m. on or before July 08, 2009.

Changes in Regulatory fees

2009-07-04T06:29:00.001+05:30

Image via Wikipedia

SEBI fees which are included in the regulatory fees have been reduced and will be levied as per the revised structure mentioned below with effect from July 01, 2009.

Given below are the revised SEBI fees applicable w.e.f. July 01, 2009:

Segment	Previous %	Current%
Cash segment	0.0041	0.004
Derivative segment(Future)	0.004	0.0039
Derivative segment (Options )	0.0569	0.0568

It is not a big deal it seems. For every Rs.1million turnover (Rs. ten lakhs), your regulatory charges would get reduced by Re.1. Fools.

Gmail Labels: drag and drop, hiding, and more

2009-07-01T22:24:00.001+05:30

Gmail has introduced
1) New location for labels
2) Label hiding and showing
3) Drag and drop
To know more,please visit
Official Gmail Blog: Labels: drag and drop, hiding, and more

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

Investors no need to panic

2009-07-01T08:27:00.001+05:30

Image by youngrobv (Rob & Ale) via Flickr

As budget presentation is nearing, the market is turning to be more volatile. GMR Infra’s QIP withdrawal triggers panic and operators unwind their longs. Those who bought shares based on recent brokerage recommendations frozen in fear and booked loss. If you are a investor, don’t panic. India would recover first. So stay invested to reap the benefits. Concentrate on bluechips and liquid midcaps. We can’t predict the bottom of companies like Suzlon which delivered not so good results. But this company has enormous potential, we advice you to accumulate these type of stocks ( future potential, recent negative news). Concentrate companies with good pedigree like LIC Housing Finance. Traders should accept that the market would be more violent than before. Money management, trade management and stop loss are the three things they should concentrate to stay in the market. Otherwise traders would be wiped out in very short time.

Firefox 3.5 Download Link

2009-06-30T22:02:00.001+05:30

Image via Wikipedia

Much awaited Firefox about to be released for public to download. If you wish you can download Firefox 3.5 (final release) using the following links:

Windows: http://download.mozilla.org/?product=firefox-3.5&os=win&lang=en-US

Mac OS X: http://download.mozilla.org/?product=firefox-3.5&os=osx&lang=en-US

Linux: http://download.mozilla.org/?product=firefox-3.5&os=linux&lang=en-US

Small cap banks are Buzzing

2009-06-30T08:06:00.001+05:30

Image via Wikipedia

It seems that informed buying is taking place in small and midcap banks. After prolonged lull, Tamil Nadu based City Union Bank is started to move up with the news that L&T is said to be accumulating this stock. Indusind bank achieved our target yesterday and poised to move further. Investchips recommends accumulation of DCB and Yes Bank for short-term gains. For the next few days, we recommend concentrate on individual stocks rather than Nifty and sensex. Reliance may surprise many. But we are fed up with the sibling battle and they are really ruining the economy at a crucial period. Though Reliance has huge potential, we are concerned about the safety their assets in India in view of its location and geo-political situations in Pakistan. This single reason is enough to shun this stock from the individual investors portfolio. You can quantify risks not uncertainties.

Clubbing of settlements

2009-06-29T16:34:00.001+05:30

Image by ArtByChrysti via Flickr

This is to inform you that shares bought on June 30, 2009 should not be sold on July 01, 2009 as trades done on both these days will be settled together on July 03, 2009, as there is no settlement on July 01, 2009 due to RBI Annual Closing.

Also, please note that the pay-in schedule has changed for stocks sold on June 30, 2009 and July 01, 2009 to 10.00 a.m. and 2.00 p.m. respectively.

How to play Suzlon now?

2009-06-29T11:16:00.001+05:30

Image via Wikipedia

After Suzlon’s disappointing set of results, investors are wanted to know whether to hold or sell this stock. It’s long term performance would depend on their technology up gradation and debt reduction. We are very sure that the company is taking concrete steps to address the above concerns and the results of their initiatives would be visible in the next two years. We are sure that Suzlon is a good investment bet for long-term. Short term investors may exit around Rs.125. Longterm investors should use every opportunity to accumulate around Rs.100- Rs105.

Religare Brokerage Details

2009-06-29T10:11:00.000+05:30

Image by Alessandra F. via Flickr

Religare is promoted by the previous owners of Ranbaxy.

Unique features

Trade Rewards: It is a unique offering from Religare that gives you dual benefits of hassle free investment experience online and an opportunity to earn while you invest like credit card reward points.
Interest on cash margin : You earn interest on your unutilized daily cash margin @ rate of 3.5%/annum.’

Platforms

R-ACE (Basic) :
- Account activation charges Rs. 299/-
- No software installation required, easily accessible on browser
- NSE cash segment, NSE F&O and BSE on single platform
R-ACE Lite (Advanced) :
- Account activation charges Rs. 499/-
- No software installation required, easily accessible on browser
- NSE cash segment, NSE F&O and BSE on single platform
- Real-time streaming quotes
- Hot key functions for faster trading
R-ACE Pro (Professional):
- Account activation charges Rs. 999/-
- Traders terminal on your desktop
- NSE cash segment, NSE F&O and BSE on single platform
- Real-time streaming quotes
- Technical charting (Intraday and EOD)
- Multiple watch list
- Advanced hot-key functions for faster trading
- Derivative chains
- Futures & Options calculator

Brokerage Details (Click on the links for details)

For Racepro, you need higher than dialup connection -that is broadband. Sometimes you may not able to access their trading platform. You can place orders through a toll free number without any charges.

Suzlon Energy reported a 77% decline in its net profit at Rs236.48 crore in fiscal year 2009

2009-06-29T06:37:00.001+05:30

Image by Getty Images via Daylife

The country’s largest wind turbine maker, Suzlon Energy, on Sunday reported a 77% decline in its net profit at Rs236.48 crore in fiscal year 2009 on the back of currency losses and replacement of defective blades.

The company’s net profit (after share in associates profit and minority interest) was Rs1,030.10 crore in fiscal year 2008.

Revenues took a hit last year after some clients in the US cancelled orders and the company undertook replacement of defective blades.

For audited financial statement, please click here

Consolidated statement of Suzlon

Exit TATA Group for Short term

2009-06-27T19:55:00.001+05:30

Image by Getty Images via Daylife

It seems TATA’s are in trouble. Their flagships are facing more and more of financial problem. First their Nono Car project, then their Hotel, then their overseas acquisitions for Tata Steel and Tata Motors. This list seems unending. Except Tata Tea, all their ventures are feeling the pain of Global Meltdown. We don’t understand their business acumen of insuring their assets with their own insurance venture. No doubt that TATA group is one of the most trusted and respected business groups of India. For long-term investments, we prefer TATAs rather than Reliance even if it presents more potential. Only reason for the preceding statement is the integrity of TATAs and peace of mind it gives. But short term outlook for this Group of companies appear to be bleak. We expect around 60% value erosion in next couple of years. Sell now. After 2-3 years you may be presented with more opportunities to enter at lower levels.

Exit TATA Group. We are very proud to be Indians.

But our patriotism and sentiments should not be allowed to mar our investment decisions.

Ventura’s Brokerage Details

2009-06-26T20:15:00.001+05:30

Ventura’s brokerage details are as follows.

Reliance Money Limit Card Details

2009-06-26T10:56:00.001+05:30

Image by Ujwala Prabhu via Flickr

Card Name	Value (Rs.)	Delivery Limits (Lacs)	Margin Limits (Lacs)	Validity (days)
PR 500	500.00	2		365
Bi-monthly	1000.00	10	90	60
Half Yearly	2500.00	30	270	180
Annual 5000	5000.00	70	630	365
Annual 10000	10000.00	200	1800	365

Limit Card is a pre-loaded fees card, which is a prerequisite for accessing Reliance Money online portal.

You may roll over the unutilized turnover limit of the existing card to the new card purchased. Maximum roll over is possible upto Rs.10 crores turnover limit in intraday trading and Rs.1crore turnover limit for delivery based trading.. The Limit Card has to be renewed by you atleast six days after the expiry of your existing Limit Card, to avail the rollover benefit.
The roll over benefit is not available in respect of Promotional Scheme PR-500.

Suzlon may touch Rs.150 in medium term

2009-06-25T07:21:00.001+05:30

Image by ramkrsna via Flickr

Invetchips recommended Suzlon as a long-term bet. But recent chart patterns and accumulation by savvy traders indicate that it may soon touch Rs.150. Medium term investors can accumulate this stock for a target price of Rs.150. If you wish, stop loss can be put at Rs.88 .We again recommend Indusind bank and Jayashree Tea as short-term bets. Any dip due to F&O closing may be used to accumulate these scrips.

AdSense for Mobile Applications beta

2009-06-25T05:49:00.000+05:30

AdSense for Mobile Applications allows developers to earn revenue by displaying text and image ads in their iPhone and Android applications. For this beta launch, Google created a site where developers can learn more about the AdSense for Mobile Applications program, see answers to frequently asked questions and sign up to participate in our beta. Advertisers can also learn about the benefits of advertising in mobile applications.

Official Google Blog: Announcing the AdSense for Mobile Applications beta

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

Pros and Cons of India Infoline/ 5paisa.com

2009-06-24T20:57:00.001+05:30

Image by Powru via Flickr

This write up is based on my personal experience as a customer of 5paisa.com rather than a shareholder of IIL. Their present brokerage structure is as below:

I With advanced brokerage of Rs.8000/annum or Rs.1000/month

Intra Day Cash 0.05% on each leg plus other taxes and levies . Minimum brokerage 1 paisa/share

Delivery cash 0.25% plus other taxes and levies .Minimum brokerage 5 paisa/share

F&O 0.05% on each leg plus other taxes and levies

Option : 1% of the premium or Rs100 which ever is higher

II With no advance brokerage

Intra Day Cash 0.10% on each leg plus other taxes and levies. Minimum brokerage 1 paisa/share

Delivery cash 0.50% plus other taxes and levies . Minimum brokerage 5 paisa/share

F&O 0.10% on each leg plus other taxes and levies

Option : 1% of the premium or Rs100 which ever is higher

Demat Charges : A/c opening charge Rs.555 with no AMC and Rs.18/delivery each sell transaction.

( When they started their broking operation, they charged only 5 paisa per Rs.100, thats why their site was named as 5paisa.com)

With this background I am proceeding to their Pros and Cons.

Pros

Their trading software called “Trader Terminal”. Your orders will be execute literally at Speed of Thought. Very low bandwidth requirement of this software makes you trade even with a dial-up or GPRS connection. Multiple customizable Market Watch with pre defined “Groups” make your trading and finding companies very easy.
Their world class research reports and trading ideas. They are free to all it’s customers. Their delivery calls are having very high success rate. I rate all their research reports very high. They are simply Great.
Their browser based trading portal which is a replica of their “Trader Terminal” with limited functions facilitate to trade even behind firewalls and from your office .
Customer Care: If you send an email, mostly the problem will be sorted out with in 48 hours . ( Note: As I am a customer of their main branch- opened A/c in 2001- I never contacted any Relationship Manger. I normally send mail to info@5pmail.com and the issue got solved. within 48 hours.Some people who contacted their RM, had different opinions). Hence this is my personal opinion. Even online Help Desk and Phone help desk also available.
Password rest by SMS and Free SMS trade confirmations at the end of the day.
I trust the top Management’s integrity and we can trust them to keep our money and shares.
If you give limited Power of Attorney, then the trading would be Paper Less. No need to sign demat delivery slips.
Based on your trading History, Individuals are given limits and margin facility. It is the best of the best available in India. Value of shares in your Demat A/c also taken into account while calculating your margin and exposure ( Which is not available with Reliance Money).
Immediate trading limit given when you transfer funds online.
You can place orders through internet, branch and phone. No extra levy for orders through phone (unlike Reliance Money and Religare).
You can place orders even after 3PM without sufficient balance in your A/c (margin Buy) and can settle amount before next trading day starts.

Cons

Their very high brokerage. Intra day and F&O traders may find their brokerage very high. India Infoline should lower their intra day brokerage to 0.05% and Minimum brokerage for Option trading should be removed.

What is my final call

You can open A/c just to avail their Research reports and investment ideas. They are really world class. Their brokerage structure is optimum for investors. For traders, their brokerage structure is very high. But your orders will be executed at lightening speed. You may open A/c with advance brokerage option.

My wish

A brokerage house with the quality of India Infiolne Research, Trader Terminal features, customer care and Reliance Money’s brokerage structure. I hope, one day God may fulfill my wish.