SBI Life Ties Up with Coromandel International
SBI Life Insurance has tied up with Coromandel International Ltd to offer insurance in rural areas in Andhra Pradesh through Coromandel’s ‘Mana Gromor’ brand of rural retail outlets.
Category Archives: Money Management
Visakha Co-op Bank turnover Crosses Rs 1,000 Crore Mark
Visakhapatnam Urban Co-operative Bank has crossed the Rs 1,000-crore mark in business turnover. The bank has Rs 594 crore in deposits and the rest in advances.
Tata Motors Enter into pact with Vijaya Bank
Tata Motors has entered into an agreement with Vijaya Bank according to which the bank would provide loans for financing of the purchase of vehicles manufactured by Tata Motors.
Know the key ratios to choose the right stocks!
P/E ratio (Price Earnings Ratio) shows what the market thinks about the earnings potential and future business forecast of a company. Companies with high P/E ratios are the darlings of the investors and thus enjoy a higher market rating. In order to use the P/E ratio properly, take into account the future earnings and growth… Read More »
Index funds – Are they right for you?
These funds are suitable for novice investors who don’t have any clue about the stock market investment. However over a long term, these funds should form a part of overall portfolio of investors. This is because investing solely in these funds will deprive the investors of earning higher returns generated by mid and small cap… Read More »
Ramp up a financial plan for your child. Here’s how!
As a matter of prudence one might think of withdrawing investments from risky products to safe ones, just before the requirements arise. Say, disposing off the equity investments just when the junior is 16 or 17 and putting the money in MMMFs or debt funds or fixed deposits. This practice shall definitely bring the return… Read More »
Watch out for these seven money facts!
Whatever your earnings, you can set aside a portion for saving. Simple budgeting, translated as spending lesser than you earn can pave the way to start saving. If you do not think about saving as early as possible you will lose out on significant sums of money at a later stage in life. Needs are… Read More »
Gift Tax – The latest change in rules
The change in the rule related to gifts says that the receiver has to pay tax for receiving any gift valued at Rs.50,000 and more. The ‘any gift’ clause means that not only cash but all gifts of any value. So if someone receives a gift of a house worth Rs.30 lakhs, then he/she is… Read More »
All you wanted to know about arbitrage funds
Liquidity can also affect arbitrage funds. As futures are traded in lots, one lot will have numerous shares of a company. A fund manager may not be able to buy the required number of shares at a predetermined price. E.g. if the futures lot of company A contains 200 shares, it can be difficult to… Read More »
Funding a new business idea – Part 1
If the idea is so good and giving so many benefits, why is it that somebody else has already not done it? This is tough question faced by any innovator. A genuine answer to this question is required rather than saying, “There is no one as bright as me”. There is no point in trying… Read More »