FPO price of NTPC fixed at Rs 201 per share
On Tuesday, NTPC stated it has fixed the bottom price at Rs 201 per share for its follow-on-public offer, opening on Wednesday.
Category Archives: Money Management
Government looks to bring in stability via budget
The government is expected to carry on with its current policies to assure economic stability in the approaching Union Budget, said a leading banker.
Government likely to raise service tax to 12%
It is possible that government might take the initial step towards fiscal consolidation in Budget of 2010-11 by partly withdrawing the tax cuts introduced to the industry last year to help the industry. The service tax rate might go back to 12% while excise duty may be hiked slightly. The finance ministry is thinking about… Read More »
Mutual funds get more investor friendly!
As per the SEBI circular – Entry Load for the schemes, existing or new, of a mutual fund has been removed. The investor would pay the commission upfront to distributors directly. The distributors should disclose the commission, trail or otherwise, received by them for different schemes/ mutual funds, which they are distributing or advising the… Read More »
Of financial bubbles and risk management
According to Mark Mobius, global investor and emerging markets fund manager, some parts of India and China could become ‘next Dubai’. In his interview to Bloomberg, he indicated that considering the liquidity in the two Asian nations, there could be isolated pockets of disaster on account of over-spending and over-leveraging. While he mentioned that though… Read More »
Strike the right balance with your home loan EMI
Ideally banks offer loan amounts up to a limit of around 50% of your income. This does not mean you should utilize the entire limit available. Keeping EMI repayments within 30-40% of your budget will help you save nearly 30-50% of your income. Money management experts recommend that you should try and save up to… Read More »
VW Polo Cup ready to knock on Indian doors
Volkswagen India is all geared to Motor sport in a totally new direction this year with the introduction the Polo Cup races in India. The Polo Cup India season is set to begin from the 19th June 2010, with total 6 races. This is the first Polo Cup in India.
Is your Income Indian enough? Tax matters
Although at a cursory glance some of the ideas discussed above might sound to be the stuff that our Auditor/Financial Planner should be concerned with and not us, it is imperative that we understand the philosophy behind them so that we are more in control of our income tax assessments. With the increasing benefits of… Read More »
Are international funds worth it ?!
In simple terms international funds are funds that are invested in global markets. International funds come in many packages and it is always better to understand them before taking the plunge. In India it was in the year 2007 that the Securities and Exchange Board of India (SEBI) announced that mutual funds could increase their… Read More »
Make studying abroad cost effective!
There is a big difference in the standard of living in India and standard of living abroad. Those things that you consider luxury in India are a necessity abroad. E.g. car, washing machine and dishwasher are luxuries in India, but a must in the US. You need to find out the actual costs of tuition,… Read More »