[The article is contributed by our regular reader – Altaf Rahman] Every month India exports are worth 15 billion USD (rounded off for understanding) Similarly India imports are worth 25 billion USD every month (rounded off again) One has to note two things here: 1) The bulk of the 25 billion imports include Crude and…… Continue Reading
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Category Archives: Finance
Why to Invest in Debt Mutual Funds in falling interest rate scenario
RBI is always faced with the issue of either curtailing inflation or promoting growth. But early this year, after it announced a cut in the interest rates, it seems, it is opting for a more aggressive growth option. It is at this point that the investor is faced with a dilemma, should he invest his…… Continue Reading
Lost money in shares! At least gain some at taxes
The markets have been so erratic and short-term investors have really felt the brunt of it. Equity is supposed to be for long term but in case you did the other wise, i.e. one among those who tried to play the market and lost money, you need to understand the tax implication on them. The…… Continue Reading
Rupee vs. Dollar: How Does It Affect You?
In May of 2012 the Indian rupee reached its lowest point against the dollar in history. The Reserve Bank of India, the printers and guarantors of the rupee, has even discontinued many smaller denomination coins because of their economic ineffectiveness. This has sent ripples through the foreign exchange world. The currency market determines the value…… Continue Reading
Draft Guidelines regarding Implementation of GAAR !
The hot money seems in all moods to make a beeline for the India equities with today’s guidelines from the government on controversial GAAR taxes. With Pranab-da rising to the occasion as UPA-nominated Presidential candidate, Prime Minister seems to have wasted no time in coming clean on the tax guidelines, which had prompted extreme pessimism…… Continue Reading
NEFT & RTGS – What’s the difference?
While doing online money transfer you must have heard the terms NFT and RTGS. Ever wondered what exactly these terms are and what’s the difference between them. If No then perhaps you should spend a few minutes to read below and hopefully your basic queries would be answered. NEFT and RTGS are the two different…… Continue Reading
Mobile Number Portability vs. Savings A/c Portability vs. Health Insurance portability
It seems all of a sudden the government has taken frenzy of the ‘portability’ facility. Almost within a year, it has shown intention of bringing portability in telecom, banking and insurance sector. While mobile number portability, or MNP, was rolled out as early as January 20, health insurance came into being during October 2011. And,…… Continue Reading
TCS emerges as India’s most valued firm by m-cap !
Times are changing as IT stocks again find their place on the top of the heap, amidst rupee’s value at weakest in its life time. Today, TCS piped India’s Reliance Industries from its throne as India’s most valued company by market capitalization. While the stock price of Reliance Industries suffered on the Indian bourses led…… Continue Reading
HDFC Bank emerges as India’s most valued lender !
Recent fluctuations in the equity market have triggered the wild changes in the fortunes of the Indian companies. At first, it was Coal India grabbing the numero uno position from India’s largest private sector company by market capitalization Reliance Industries. However, the new draft mining bill spelled doom for Coal India prospects, which proposes give…… Continue Reading
Rupee exchange rate shoots past 50.50 against USD !
India Rupee depreciated past the low of 50.50 per US dollar today, to a 32 month trough of 50.60 levels on the back of strong dollar demand from banks and importers and reemergence of the American currency as a safe-haven global asset. Furthermore, the declining trend in FDI investments, outflow of hot FII money on…… Continue Reading
Q2 Results FY12: SBI, R-Infra, Apollo Tyres, Opto Circuit, Lupin, Glenmark, Gujarat NRE
The last batch of India Inc’s Q2 July-Sept quarter results is in full swing. While most large cap companies are done with their second quarter earnings performance, results of mid-cap firms are still trickling by the day. State Bank of India Today, the biggest set of earnings were announced by government owned State Bank of…… Continue Reading
India’s Indirect Tax Revenues fall by 2.5% in October 2011 !
The indirect tax revenues for the exchequer fell by 2.5% to Rs.30278 crore in October 2011 as against Rs.31058 crore reported last year, led by slowdown in industrial production and cut in duty rates in petroleum products. Indirect tax revenues comprise of customs, excise and service tax. While the custom duty collections dropped by 11.6%…… Continue Reading
India’s exports grow by 12.4% in Oct 2011, Trade deficit at record $19.6 billion !
India’s export growth came in at a subdued 12.4% growth rate to $19.9 billion in October 2011 as compared to a year ago period, stung by lag effect of worsening euro zone crisis hitting Indian exports and shipments. During September, Indian exports had registered a smart growth of 36.5% to arrive at $24.8 billion. The…… Continue Reading
Italy debt crisis: Too big to bailout !
Even as the Greek problems refuse to subside for the ailing Euro zone, Italy’s $2.5 trillion debt has ballooned in front of the globe as too big to bailout economy. Italy is the third largest economy in the euro zone with a debt of 120% of their GDP. Looking at the tumultuous crossover of events…… Continue Reading
Bharti Airtel Q2 FY12 profit down 38% to Rs.1027 crore !
Bharti Airtel posted lower than expected second quarter net profit of Rs.1027 crore, down 38% from September-end quarter last year, marred by higher debt servicing costs and spectrum purchases. The telecom operator’s roll-out of 3G network resulted in higher amortization cost of Rs.164 crore during the quarter. Total sales for Q2 FY12 stood at Rs.17270…… Continue Reading
M&M October sales jump 20% to 41506 units!
Tractor major M&M reported 31% jump in its tractor sales to 31838 units in October 2011; even as the auto-maker logged in total sales of 41506 units, up 20.32% from 34495 units sold October 2010 period. Mahindra’s sales from passenger vehicles such as Scorpio, Xylo, Bolero and the all-new sports utility vehicle XUV500 amongst others…… Continue Reading
HPCL reports Q2 Net Loss of Rs.3364 crore !
State-owned HPCL posted a net loss of Rs.3364 crore for the second quarter ended September 2011 hit by under-recoveries on subsidized fuel sales, as against Rs.2089 crore profits for the year ago period. Moreover, the oil marketing firm HPCL’s losses arrived on the back of its healthy sales growth of 20.6% to Rs.37030 crore in…… Continue Reading
India’s tepid core sector output to drag September IIP data !
India’s eight core infrastructure sectors grew by only 2.3% in September as against 3.3% a year ago. These core industries constitute more than a third of the key index of industrial production. The coal under-performed by a huge margin recording a negative trend of 18%, followed by dip in natural gas production and fertilizers by…… Continue Reading