Maruti Suzuki raises prices by 1,000-11,000 rupees :
India's top car maker, Maruti Suzuki India Ltd, said on Saturday it had raised prices of many of its models by 1,000-11,000 rupees, mostly due to higher raw material prices.
Maruti is a unit of Japan's Suzuki Motor Corp and its models include the Alto and Swift hatchback."
Saturday, February 2, 2008
France's Sarkozy marries Bruni at the Elysee
French President Nicolas Sarkozy has married supermodel-turned-singer Carla Bruni at the Elysee Palace on Saturday, after three long months their dating, French officials and family said.
The pair tied the knot at a low-key, civil ceremony conducted by the mayor of the Paris district that houses the president's grandiose official residence.
'I married two voters ... who live at 55 Rue du Faubourg St Honore,' Mayor Francois Lebel told Europe 1 radio, giving the official address of the Elysee.
'The bride was wearing white and was ravishing, as usual,' he said, adding: 'The bridegroom wasn't bad either.'
Sarkozy and Bruni indicated last month that had plans of marriage he made it clear that it would be a private affair, far from the crouching eyes of the press.
Their courtship has been splashed across the media and Sarkozy's popularity ratings had plunged in recent weeks, with voters complaining that the president was focusing too much on his private life and not enough on the country's many problems.
The pair tied the knot at a low-key, civil ceremony conducted by the mayor of the Paris district that houses the president's grandiose official residence.
'I married two voters ... who live at 55 Rue du Faubourg St Honore,' Mayor Francois Lebel told Europe 1 radio, giving the official address of the Elysee.
'The bride was wearing white and was ravishing, as usual,' he said, adding: 'The bridegroom wasn't bad either.'
Sarkozy and Bruni indicated last month that had plans of marriage he made it clear that it would be a private affair, far from the crouching eyes of the press.
Their courtship has been splashed across the media and Sarkozy's popularity ratings had plunged in recent weeks, with voters complaining that the president was focusing too much on his private life and not enough on the country's many problems.
Budget your Money
The most important financial decisions we will ever make is to understand & learning how to make a personal budget. why is it so important because it gives us control of our money and tells us what needs to be done so If we are living on constant struggle with one paycheck to another paycheck, our money is not working for us, it's working for all our creditors and making them rich. It won't be bad for us if it turn its head make ourselves Rich instead.
Personal Budget helps us to track our income & expenses and shows us where our expenses are more then they need be. This allows us to Judge our decisions about how we spend our money and what you need to do to ensure that your future is financially sound.
1. one will need their last five months of pay bills. Add the total net pay and divide by five. This will give us your average income per month. Write that in the income column. Be sure to include all our income sources.
2. This same formula applies to our monthly expenses. Gather up our last five months of bills, credit card statements, and any other expenses we have. It is also a good idea to go through our cheque books's so we don't miss anything. Get an average for each category and then add them all up and write that number down at the bottom. This will give us a good are to start thinking.
3. Subtract the total expenses from the total income and see we stand. If our expenses are greater then our income than we have some work to do.
4. Look over our budget closely and start targeting expenses that we think are belligerent . our budget should allow us to start freeing up money that can be put for a better use.
5. we can also start prioritizing which expenses and debts need to be paid first.
6. As our budget evolves we can start using it for further refining our financial position. Retirement plans, and investments,Savings accounts can all be managed from that.
7. We have to be patient when we start. our first budget will be more of a sketched idea or a draft for future budgets. It normally takes a good three months before you will start to get your budgeting process dialed in.
The most important a Personal Budget will do is help us to take control of our money by making us to take disciplinary action towards money.
as they say money saved is money earned.
Personal Budget helps us to track our income & expenses and shows us where our expenses are more then they need be. This allows us to Judge our decisions about how we spend our money and what you need to do to ensure that your future is financially sound.
1. one will need their last five months of pay bills. Add the total net pay and divide by five. This will give us your average income per month. Write that in the income column. Be sure to include all our income sources.
2. This same formula applies to our monthly expenses. Gather up our last five months of bills, credit card statements, and any other expenses we have. It is also a good idea to go through our cheque books's so we don't miss anything. Get an average for each category and then add them all up and write that number down at the bottom. This will give us a good are to start thinking.
3. Subtract the total expenses from the total income and see we stand. If our expenses are greater then our income than we have some work to do.
4. Look over our budget closely and start targeting expenses that we think are belligerent . our budget should allow us to start freeing up money that can be put for a better use.
5. we can also start prioritizing which expenses and debts need to be paid first.
6. As our budget evolves we can start using it for further refining our financial position. Retirement plans, and investments,Savings accounts can all be managed from that.
7. We have to be patient when we start. our first budget will be more of a sketched idea or a draft for future budgets. It normally takes a good three months before you will start to get your budgeting process dialed in.
The most important a Personal Budget will do is help us to take control of our money by making us to take disciplinary action towards money.
as they say money saved is money earned.
India's exports up 21.7% in three quarters
India's merchandise exports were up 21.7 per cent during the first three quarters of fiscal 2007-08, growing to $111.05 billion from $91.20 billion in the corresponding period of last fiscal.
Official trade data released on Friday, however, showed that in rupee terms the growth was significantly lower at 7.74 per cent during the period under review, indicating the sharp appreciation of the Indian currency this fiscal.
Imports were up 25.97 per cent during the first three quarters, growing to $168.87 billion from $134.05 billion. In rupee terms, the imports were up 11.54 per cent, the data showed.
While oil imports grew 11.68 per cent in dollar terms, non-oil imports were up 32.99 per cent, showed the data released by the commerce ministry.
The trade deficit accordingly for the April-December period was estimated at $57.82 billion, against $42.85 billion in the corresponding period of last fiscal.
Official trade data released on Friday, however, showed that in rupee terms the growth was significantly lower at 7.74 per cent during the period under review, indicating the sharp appreciation of the Indian currency this fiscal.
Imports were up 25.97 per cent during the first three quarters, growing to $168.87 billion from $134.05 billion. In rupee terms, the imports were up 11.54 per cent, the data showed.
While oil imports grew 11.68 per cent in dollar terms, non-oil imports were up 32.99 per cent, showed the data released by the commerce ministry.
The trade deficit accordingly for the April-December period was estimated at $57.82 billion, against $42.85 billion in the corresponding period of last fiscal.
Weekly Report
Inflation figures stood at 3.93 % at the end of this week compared with 3.83% last week.
The yield on the 10-year G – Sec has remained flat at 6.81%.
Crude oil price stood at US$88.96 per barrel by the end of the week. Over the week
crude oil priceshovering around US$88.96-92.33 per barrel.
Rs per US$ exchange rate closed at 39.36 by the end of the week. Exchange rate Rs/US$ continued totrade around Rs.39.36 to 39.39.
The yield on the 10-year G – Sec has remained flat at 6.81%.
Crude oil price stood at US$88.96 per barrel by the end of the week. Over the week
crude oil priceshovering around US$88.96-92.33 per barrel.
Rs per US$ exchange rate closed at 39.36 by the end of the week. Exchange rate Rs/US$ continued totrade around Rs.39.36 to 39.39.
Microsoft Makes a Open Offer to Yahoo
Microsoft has targeted the slumping Internet icon Yahoo
with an hostile takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
With profits steadily on decline, Yahoo's stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more difficult times through 2008.
The announcement sent Yahoo's share price buzzing up 60% in premarket trading, while Google fell 8%, weighted down by a fourth-quarter earnings report that missed Wall Street expectations.
In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer indicated that the world's largest software maker is determined to bring the two companies together.
with an hostile takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
With profits steadily on decline, Yahoo's stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more difficult times through 2008.
The announcement sent Yahoo's share price buzzing up 60% in premarket trading, while Google fell 8%, weighted down by a fourth-quarter earnings report that missed Wall Street expectations.
In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer indicated that the world's largest software maker is determined to bring the two companies together.
Friday, February 1, 2008
Asiana Housing Fixes Record Date for Bonus
Asiana Housing: Record Date for the issied of Bnus shares has been fixed. Earlier today, Asiana Housing Limited informed the stock exchanges that the board of directors of Asiana Housing have fixed the Record Date for the Bonus Issue as Friday, February 22, 2008. Shareholders of Asiana Housing who’s names appear in the shareholders register of Asiana Housing on the record date for the bonus issue, will be eligible for the issue of bonus shares.
Container Corporation may Issue a Bonus
Container Corporation:
Bonus has been recommended by the company in yesterday’s Board meeting.
The CONCORD Bonus Issue is subject to the approval of the shareholders in the forthcoming AGM. The Board has recommended Bonus Issue 1:1, which means shareholders of Container Corporation Limited who’s names appear in the shareholders register of CONCORD as on the record date of the bonus issue, will get 1 bonus share for every 1 share that they hold in CONCORD. Container Corporation Bonus issue record date is yet to be announced.
Bonus has been recommended by the company in yesterday’s Board meeting.
The CONCORD Bonus Issue is subject to the approval of the shareholders in the forthcoming AGM. The Board has recommended Bonus Issue 1:1, which means shareholders of Container Corporation Limited who’s names appear in the shareholders register of CONCORD as on the record date of the bonus issue, will get 1 bonus share for every 1 share that they hold in CONCORD. Container Corporation Bonus issue record date is yet to be announced.
Thursday, January 31, 2008
Fed Cuts Rate
The US markets came down after making initial rally after Fed Rate cut of .25 %
It wasn not a surprise as that the market pulled back, having suffered months of losses and having driven the Dow Jones industrials up more than 470 points so far this week ahead of the late-day downturn, The central bank's rate-setting Federal Open Market Committee trimmed the target for the federal funds rate, which banks charge one another for overnight loans, to 4.25% from 4.5%. The Fed has now cut that rate a full percentage point since it began its current round of reductions in September.
Dow Jones which had been up more than 200 points after the Fed's decision, finished down 37.47, or 0.30 percent, at 12,442.83
It wasn not a surprise as that the market pulled back, having suffered months of losses and having driven the Dow Jones industrials up more than 470 points so far this week ahead of the late-day downturn, The central bank's rate-setting Federal Open Market Committee trimmed the target for the federal funds rate, which banks charge one another for overnight loans, to 4.25% from 4.5%. The Fed has now cut that rate a full percentage point since it began its current round of reductions in September.
Dow Jones which had been up more than 200 points after the Fed's decision, finished down 37.47, or 0.30 percent, at 12,442.83
Wednesday, January 30, 2008
Wockhardt IPO opens 31 jan close Feb5
It seems due to the uncertainites in the market has led Wockhardt Hospital to change its mind.
Wockhhardt Hospitals has lowered the price band from to Rs225-260 from Rs280-310
This is one of the instances were the companies tries to take advantage of the bulls market.
Wockhhardt Hospitals has lowered the price band from to Rs225-260 from Rs280-310
This is one of the instances were the companies tries to take advantage of the bulls market.
Future Capital IPO Allotment Status
Future Capital IPO Allotment Status is out. The Future Capital IPO was heavily oversubscribed under all categories. It was over subscribed such heavly to the extent that many investors gave a stop payement as they were unsure about the allotment.
Reliance Power IPO Allotment Status
Reliance Power IPO Allotment Status is expected to be finalised by tomorrow. Reliance Power IPO Allotment will be made on the basis for investors who had applied for the maximum quantity under the Retail Investors category.
All other investors will get allotment in Reliance Power IPO on a lottery basis.
3 LAKH APPLICANTS DISQUALIFIED
43 lakh applicatns get 15 shares each
entire process to ve over in thursday
4 lakh investor applying for less than 225 shares not to get allotmenent
All other investors will get allotment in Reliance Power IPO on a lottery basis.
3 LAKH APPLICANTS DISQUALIFIED
43 lakh applicatns get 15 shares each
entire process to ve over in thursday
4 lakh investor applying for less than 225 shares not to get allotmenent
Tuesday, January 29, 2008
Globus Spirits IPO opens Feb 07
Globus Spirits IPO Subscription opens on Thursday, February 07, 2008. Globus Spirits IPO Price Band has been fixed at Rs. 140 to 160 per share of face value Rs. 10 each. SREI Capital Markets is the lead manager for the Globus Spirits IPO. Post IPO, the shares of Globus Spirits Limited will get listed on both the NSE and the BSE. Being in the fast going alcohol industry, the Globus IPO is likely to get heavily subscribed due to high subscription interest from institutional investors in the IPO. Globus Spirits IPO closes for public subscription on Tuesday, February 12, 2008.
Manjushree Extrusions IPO opens on 31 Jan
Manjushree Extrusions IPO opens on Thursday, January 31, 2008. Manjushree Extrusions IPO price band has been fixed at Rs.45 per share of face value Rs. 10 each. The shares of Manjushree Extrusions Limited are already listed and actively traded on the Indian stock markets. Manjushree Extrusions IPO will close for subscription on Wednesday, February 06, 2008.
Future Capital IPO Listing Feb 01
Future Capital IPO Listing Date has been fixed. In an announcement made with the stock exchanges, the registrar to the IPO has informed that the Future Capital IPO Listing Date has been fixed as Friday, February 01, 2008. Future Capital IPO Listing is expected at a huge premium to the IPO issue price of Future Capital Limited because of very heavy oversubscribing of the IPO. The exact listing price of Future Capital IPO will be updated here on Friday, February 01, 2008.
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