Be among the first to own a Residential Plot offered by Yamuna Expressway Industrial Development Authority In NCR Starting Rs 14 lacs
* Scheme open: 02.03.2009* Scheme Closes:04.05.2009
* Tentative Draw:10.08.2009
Friday, February 27, 2009
Residential Plot Offered By Yamuna Expressway Industrial Development Authority
Be among the first to own a Residential Plot offered by Yamuna Expressway Industrial Development Authority In NCR Starting Rs 14 lacs
* Scheme open: 02.03.2009* Scheme Closes:04.05.2009
* Tentative Draw:10.08.2009
Thursday, February 26, 2009
Tata to Launch -World's Cheapest Car "Nano" On March 23
Tata Motors Ltd. has set March 23 as the launch date for its 100,000 rupees minicar, about three months behind initial schedule.
Bookings for the Nano -- the world's cheapest passenger car -- will begin in the second week of April, . Booking process and other details will be announced at the time of launch
Nano is likely to be offered to “select customers”, including celebrities, sportspersons and leading politicians as part of Tata Motors plan to re-create the hype and excitement which was there when the Rs. 1-lakh car was first unveiled before the world in the Auto Expo 2008. Tata Motors is still trying to recover from the setback it suffered due to the Singur land row that led to the scrapping of its production facility in West Bengal, which was then shifted to Gujarat. It now wants to make the launch event memorable and historic. Through the grand launch, it also wants to erase the bad publicity that the company and the nation got in the world media due to the land dispute that delayed the Nano launch.
The booking amount for Nano is likely to be around Rs. 70,000. The company has announced the prices of Nano between Rs. 1 lakh and Rs. 1.34 lakh. Initially, the company would take bookings of just one lakh cars as mass production of the vehicle would be possible only by 2010, and till then only 3,000 cars a month are likely to be manufactured.
Bookings for the Nano -- the world's cheapest passenger car -- will begin in the second week of April, . Booking process and other details will be announced at the time of launch
Nano is likely to be offered to “select customers”, including celebrities, sportspersons and leading politicians as part of Tata Motors plan to re-create the hype and excitement which was there when the Rs. 1-lakh car was first unveiled before the world in the Auto Expo 2008. Tata Motors is still trying to recover from the setback it suffered due to the Singur land row that led to the scrapping of its production facility in West Bengal, which was then shifted to Gujarat. It now wants to make the launch event memorable and historic. Through the grand launch, it also wants to erase the bad publicity that the company and the nation got in the world media due to the land dispute that delayed the Nano launch.
The booking amount for Nano is likely to be around Rs. 70,000. The company has announced the prices of Nano between Rs. 1 lakh and Rs. 1.34 lakh. Initially, the company would take bookings of just one lakh cars as mass production of the vehicle would be possible only by 2010, and till then only 3,000 cars a month are likely to be manufactured.
Saturday, February 21, 2009
GOLD MAKES FACES OF ALL INDIANS GLITTER
Here is a good news for India and almost every Indians that in this despair finacial situation of world, the price of gold and silver is shooting up and that benefiting almost every Indian Households . The love of Indian for the bulllion in causing trillion dollar smile on the face of everyone in this gloom and doom senario.
If the flight of money towards gold continue for some more time, nobody should be surprised to see the newer highs for the prices of gold. However with the meltdown in the prices of other commodities , financial assets and real estate, the rise in the prices of gold holds even more merits in the theory of diversification. Holdind asstes across different assets class makes investors sailing through in these bad times and prosper in good times.
Indians by default of their nature do this diversification and who knows God might be Blessings India in emergence of next financial power.....ameen!!!!!
If the flight of money towards gold continue for some more time, nobody should be surprised to see the newer highs for the prices of gold. However with the meltdown in the prices of other commodities , financial assets and real estate, the rise in the prices of gold holds even more merits in the theory of diversification. Holdind asstes across different assets class makes investors sailing through in these bad times and prosper in good times.
Indians by default of their nature do this diversification and who knows God might be Blessings India in emergence of next financial power.....ameen!!!!!
Friday, February 20, 2009
PLOT SCHEME GREATER NOIDA SECTOR-2
Greater Noida Industrial Development Authority announce Plots scheme PLOT SCHEME GREATER NOIDA SECTOR-2 , FEBURARY 2009
Details of PLOTS Given: below:
*SECTOR NAME: 02, PLOT SIZE: 162 Meter, TOTAL PLOTS : 1200, REGISTRATION MONEY : 1,70,100/-
*SECTOR NAME: 02, PLOT SIZE: 220 Meter, TOTAL PLOTS : 800, REGISTRATION MONEY : 2,31,000/-
Application forms can be avilabel from the Bannks given below @ Rs. 1100/- each Cash
ALLAHABD BANK, Sector-10 Noida & MDA Branch Meerut. AXIS BANK, Sector-16, NoidaABN AMRO BANK, Sector-18 NoidaBANK OF BARODA, Sector-Gamma-II, Greater Noida & Sector-18 NoidaBANK OF MAHARASHTRA, Sec. Alpha-I, Greater NoidaCANARA BANK, Gamma shopping mall, Greater Noida HDFC BANK, Darbar lal sharma marg, new vidhan sabha Lucknow.INDIAN BANK, G-41, Connaught Place, New Delhi.ORIENTAL BANK of COMMERCE, Sector-20, Noida & Rajnagar Ghaziabad.ORIENTAL BANK of COMMERCE, The Mall Kanpur,STATE BANK of INDIA, K.P.-I Near Kailash Hospital Greater Noida,STATE BANK of BIKANER & JAIPUR, Sec.18, Noida, UNION BANK of INDIA, C-56, A/28 Sector-62 Noida, VIJAY BANK, Sector-19 Noida, BANK of INDIA, Beta-II, Greater Noida, CORPRATION BANK, S-6, Gamma-I, Jagat Farm, Greater Noida. ANDHRA BANK, Sec-19, Noida.
Scheme: Starts from: 17-02-2009,Scheme Close : 16-03-2009Draw Date : June 2009
Details of PLOTS Given: below:
*SECTOR NAME: 02, PLOT SIZE: 162 Meter, TOTAL PLOTS : 1200, REGISTRATION MONEY : 1,70,100/-
*SECTOR NAME: 02, PLOT SIZE: 220 Meter, TOTAL PLOTS : 800, REGISTRATION MONEY : 2,31,000/-
Application forms can be avilabel from the Bannks given below @ Rs. 1100/- each Cash
ALLAHABD BANK, Sector-10 Noida & MDA Branch Meerut. AXIS BANK, Sector-16, NoidaABN AMRO BANK, Sector-18 NoidaBANK OF BARODA, Sector-Gamma-II, Greater Noida & Sector-18 NoidaBANK OF MAHARASHTRA, Sec. Alpha-I, Greater NoidaCANARA BANK, Gamma shopping mall, Greater Noida HDFC BANK, Darbar lal sharma marg, new vidhan sabha Lucknow.INDIAN BANK, G-41, Connaught Place, New Delhi.ORIENTAL BANK of COMMERCE, Sector-20, Noida & Rajnagar Ghaziabad.ORIENTAL BANK of COMMERCE, The Mall Kanpur,STATE BANK of INDIA, K.P.-I Near Kailash Hospital Greater Noida,STATE BANK of BIKANER & JAIPUR, Sec.18, Noida, UNION BANK of INDIA, C-56, A/28 Sector-62 Noida, VIJAY BANK, Sector-19 Noida, BANK of INDIA, Beta-II, Greater Noida, CORPRATION BANK, S-6, Gamma-I, Jagat Farm, Greater Noida. ANDHRA BANK, Sec-19, Noida.
Scheme: Starts from: 17-02-2009,Scheme Close : 16-03-2009Draw Date : June 2009
Tata Capital NCD issue oversubscribed
Hurry guys.....Tata Capital’s public issue of non-convertible debentures (NCDs) has received an oversubscription of about Rs 800 crore till Friday on the back of participation from high networth individuals (HNIs) and institutions. The issue that opened on February 2 closes on Tuesday.
According to a source familiar with the development, the company has received a subscription of Rs 2,300 crore till Friday.
“Nobody, including the bankers to the issue, expected such a good response,” said the source.
The company has so far received about 75,000 applications from retail investors against the limit of 100,000 applications. The participation of retail investors is expected to inch closer to the limit on the last two days of the issue.
The company is offering 12 per cent per annum for the annual and cumulative interest payment options.
According to a source familiar with the development, the company has received a subscription of Rs 2,300 crore till Friday.
“Nobody, including the bankers to the issue, expected such a good response,” said the source.
The company has so far received about 75,000 applications from retail investors against the limit of 100,000 applications. The participation of retail investors is expected to inch closer to the limit on the last two days of the issue.
The company is offering 12 per cent per annum for the annual and cumulative interest payment options.
Saturday, February 14, 2009
LIC launches Jeevan Varsha, a Money Back Plan
LIC has always been sensitive to the changing aspirations of its customers and thus brings out different products from time to time to cater to those needs . Close on the heels of Jeevan Aastha, which was a runaway success, its latest offering is Jeevan Varsha, a Close-ended Guaranteed Additions plan. The Plan provides guaranteed benefits on death as well as maturity and has a few unique features. The Plan would be open for sale from 16th February 2009 to 31st March 2009 .
It is a Money Back Plan with only 2 Policy terms i.e., 9 years and 12 years , with Premium paying term restricted to only 9 years for both . This has been done keeping in view the preference of the people for short duration policies. Further it offers attractive Guaranteed Additions of Rs. 65/- per thousand S.A. per year for 9-year term and Rs. 70/- per thousand S.A. for a policy of 12-year term.
For the first time in any Money Back Policy, the Survival Benefits are payable every 3 years. This means that for a 9-year term policy, the payouts would be at the end of 3rd,6th and 9th years and for a 12-year term policy, the payouts would be at end of 3rd,6th,9th and 12th years. This provision makes Jeevan Varsha a plan with periodical payments (Survival benefit) and helps the buyer in meeting various expenses during the course of the policy , while enjoying full insurance coverage for the entire policy term .
Any person who has completed 15 years of age can buy this policy so that first Survival Benefits becomes payable to him only after he attains majority. The maximum age at maturity has been pegged at 75 years which means that the maximum age of entry for 9-year term would be 66 years and for the 12-year term it would be 63 years.
This is a regular premium plan where all modes of payment Yearly,Hly,Qly and monthly (ECS mode only) are allowed.
The minimum Sum Assured for ECS monthly mode is Rs. 75000/- and Rs. 50,000/- for other modes, there being no limit on the maximum Sum Assured.
The Loyalty Additions are also payable depending on the experience of the Corporation with regard to interest rate assumed, expenses and mortality.
The plan has provisions for Loan, Surrender and Revival. Usual conditions regarding Grace Period and Cooling-off are also applicable to this plan. Tax Benefits as per the existing Income Tax Rules are also admissible.
It is a Money Back Plan with only 2 Policy terms i.e., 9 years and 12 years , with Premium paying term restricted to only 9 years for both . This has been done keeping in view the preference of the people for short duration policies. Further it offers attractive Guaranteed Additions of Rs. 65/- per thousand S.A. per year for 9-year term and Rs. 70/- per thousand S.A. for a policy of 12-year term.
For the first time in any Money Back Policy, the Survival Benefits are payable every 3 years. This means that for a 9-year term policy, the payouts would be at the end of 3rd,6th and 9th years and for a 12-year term policy, the payouts would be at end of 3rd,6th,9th and 12th years. This provision makes Jeevan Varsha a plan with periodical payments (Survival benefit) and helps the buyer in meeting various expenses during the course of the policy , while enjoying full insurance coverage for the entire policy term .
Any person who has completed 15 years of age can buy this policy so that first Survival Benefits becomes payable to him only after he attains majority. The maximum age at maturity has been pegged at 75 years which means that the maximum age of entry for 9-year term would be 66 years and for the 12-year term it would be 63 years.
This is a regular premium plan where all modes of payment Yearly,Hly,Qly and monthly (ECS mode only) are allowed.
The minimum Sum Assured for ECS monthly mode is Rs. 75000/- and Rs. 50,000/- for other modes, there being no limit on the maximum Sum Assured.
The Loyalty Additions are also payable depending on the experience of the Corporation with regard to interest rate assumed, expenses and mortality.
The plan has provisions for Loan, Surrender and Revival. Usual conditions regarding Grace Period and Cooling-off are also applicable to this plan. Tax Benefits as per the existing Income Tax Rules are also admissible.
The plan is ideally suited for a person who wishes to plan for his future needs arising at different intervals, ensuring complete safety of his capital and with assurance of only a reasonable rate of return.
Saturday, February 7, 2009
Save Tax Karo Relax
It is always said "Death and tax is sure".One cant avoid tax but can surely save it.
Here is the list of schemes fot different income slabs to save tax efficiently:
Upto income 300000: Bank FD of 5 yr + Term Insurance* + Elss^
3 lacs - upto5lacs: Bank FD + PPF +Term Insurance* + Elss^
Above 5lacs : PPF + Term Insurance* + Elss^
* Term Insurance is the requried for every individual to the extent of atleast 10 times his annual income. Do remember never invest in other schemes of Insurance. Insurance + investment combo policy of life insurance companies are extermely inefficient.
^Elss should be opted only if the person has risk taking ability ang longer horizon.
Here is the list of schemes fot different income slabs to save tax efficiently:
Upto income 300000: Bank FD of 5 yr + Term Insurance* + Elss^
3 lacs - upto5lacs: Bank FD + PPF +Term Insurance* + Elss^
Above 5lacs : PPF + Term Insurance* + Elss^
* Term Insurance is the requried for every individual to the extent of atleast 10 times his annual income. Do remember never invest in other schemes of Insurance. Insurance + investment combo policy of life insurance companies are extermely inefficient.
^Elss should be opted only if the person has risk taking ability ang longer horizon.
Friday, February 6, 2009
save tax
watch out this space to grab most efficient tax saving instruments for different income slabs.ie. upto income 3,00,000
3 lacs to 5 lacs
5 lacs and above
3 lacs to 5 lacs
5 lacs and above
TATA Capital NCD -Tata Capital NCD to offer 12 % p.a.interest
Tata Capital NCDTata Capital informed the market that they are raising Rs 500 crore through a non-convertible debenture issue,which has already opened on February 2nd 2009 and it will be open till February 24th 2009 .they will be allowed to retaining up to 1000 crore if it get over subscribed by more then 500 crore.
Open Date : February 2 2009
Close Date : February 24, 2009
Interest : 12 Percent Varies based on the Monthly or Quarterly Interest.
Redemption : In 5 years,put and call options offered to investors at the expiry of 36 months and 42 months.
Minimum Amount : 10,000The minimum application amount is Rs 10,000 for the quarterly, annual and cumulative interest payment options (coupon rate of 12 per cent an annum); and Rs 1 lakh for the monthly interest payment option (coupon rate of 11.25 per cent an annum).
Fund Usage :Tata group in turn will use the proceeds of the issue for its business growth and a repay existing costlier debt, this is good for the tata group and not sure for the tata capital how they will repay.Credit RatingHigh credit rating of “LAA+” by ICRA and “CARE AA+” by CAREFinal Highlights
• Interest at the rate of 12% per annum is offered for the annual and cumulative interest payment options.• Quarterly interest payment option to offer a coupon rate of 11.25% per annum with an annualized yield of 11.73%.o For the quarterly, annual and cumulative interest payment options the minimum application size is Rs 10,000 and additional investments in multiples of Rs 1,000.• Monthly interest payment option to offer a coupon rate of 11% per annum with an annualized yield of 11.57%. The minimum application size is Rs 100,000 and additional in multiples of Rs. 100,000• Interest on application money at the rate of 8% p.a. to be paid from the date of realization of the cheque or 5 days after the date of application, whichever is later, upto one day prior to the deemed date of allotment.
Open Date : February 2 2009
Close Date : February 24, 2009
Interest : 12 Percent Varies based on the Monthly or Quarterly Interest.
Redemption : In 5 years,put and call options offered to investors at the expiry of 36 months and 42 months.
Minimum Amount : 10,000The minimum application amount is Rs 10,000 for the quarterly, annual and cumulative interest payment options (coupon rate of 12 per cent an annum); and Rs 1 lakh for the monthly interest payment option (coupon rate of 11.25 per cent an annum).
Fund Usage :Tata group in turn will use the proceeds of the issue for its business growth and a repay existing costlier debt, this is good for the tata group and not sure for the tata capital how they will repay.Credit RatingHigh credit rating of “LAA+” by ICRA and “CARE AA+” by CAREFinal Highlights
• Interest at the rate of 12% per annum is offered for the annual and cumulative interest payment options.• Quarterly interest payment option to offer a coupon rate of 11.25% per annum with an annualized yield of 11.73%.o For the quarterly, annual and cumulative interest payment options the minimum application size is Rs 10,000 and additional investments in multiples of Rs 1,000.• Monthly interest payment option to offer a coupon rate of 11% per annum with an annualized yield of 11.57%. The minimum application size is Rs 100,000 and additional in multiples of Rs. 100,000• Interest on application money at the rate of 8% p.a. to be paid from the date of realization of the cheque or 5 days after the date of application, whichever is later, upto one day prior to the deemed date of allotment.
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