Please visit the link below to knwo more about IPO
http://docs.google.com/Presentation?docid=d5sxbqf_3gcmnswht&hl=en
Please visit the link below to knwo more about IPO
http://docs.google.com/Presentation?docid=d5sxbqf_3gcmnswht&hl=en
In what will curtail frauds related to the identity of a person and enhance national security, the government is working on a plan to issue unique identification number to every Indian citizen by 2011. The project is to be implemented by the National Authority for Unique Identity, which will be a part of Planning Commission.
Recently at a launch of Global Credit Card by Punjan National Bank (PNB) , the Planning Commission Deputy Chairman, Montek Singh Ahluwalia said that “By 2011, we should be able to develop a system through which anyone wanting a unique identity number could get it. This will help authorities in easily identifying the citizens of the country,”
The project related to assigning of a unique identification number to every citizen of the country got a start with the government notifying setting up of a national authority for the purpose.The project will ensure a permanent ID card. The special card will carry a unique number, photograph and biometric data of every citizen of the country. It will also have details regarding from birth till death. It would also cover children. The authority would work in close cooperation with the home ministry, which would provide the population data via Registrar General of the Census concurrent to 2011 census. The similar model would be followed at state level.
The proposal to set up the authority was approved by the empowered group of ministers, headed by the external affairs minister Pranab Mukherjee, in November 2008. For long, national identity cards have been advocated to enhance national security, prevent potential terrorist attacks and stop illegal immigration.
The initiative is mainly targeted at cutting down identity-related frauds and addressing security issues, among others aims.The National Authority for Unique Identify (UID), an entity being set up under the Planning Commission of India, will provide the identification number. It will work in cooperation with the similar bodies being set up at the state level, authoritative sources told the news agency.At the outset, the UID number will be assigned to all voters by building on current electoral roll data. Progressively, other persons, including those less than 18 years of age, will be added to the list.Photographs and biometric data would be added to make the identification fool-proof, sources said, adding easy registration and information change procedures are also being envisaged for the benefit of the people. The prototype Click the link below the know more about the history of assigning Identification numbers to the Citizen by the respective Government.
An Empowered Group of Ministers (EGOM) headed by the then External Affairs Minister, Pranab Mukherji, had approved the establishment of a Unique Identity Authority for all residents of the country in November 2008. The UID Authority would be under the Planning Commission. The Home Minister and ministers for IT and Communications, Law and Panchayati Raj were members of the EGOM while the Deputy Chairman, Planning Commission, was a standing invitee. The proposed systems envisages collaboration among several government agencies backed by intensive use of information technology.Sri Nandan Nilekani , the co-chairman of Infosys, has been appointed as the chairperson of the Unique Identification Authority of India.The authority will be responsible for maintaining the core database and laying down the procedure of issuance of smart cards, carrying the unique identification number (UID). It would also specify the usage of the card. Initially, the UID number will be assigned to all voters by building on current electoral roll data.
Once the project is rolled out, each Indian citizen will have one unique identification number that will identify him/her. This will not just help the government track down individuals as is highlighted by the media, but will make life far easier for citizens as they will not have to submit so many documents each time they want to avail a new service — private or government. This will be the equivalent of the social security number in the US. Interestingly, many of the ideas like pension and social security would also be easier to roll out. If used properly, this will also channelize the government subsidies to the right recipients. Click on the link below to have a glimpse of a model of UIN released by PBI.
http://en.wikipedia.org/wiki/File:MNIC_prototype.jpg
Companies who will probably bid if when Govt brings out the tender for $2 Bn Unique IP project. The IT Industry Analyst feel that all the major domestic IT players like TCS, Wipro, Mahindra Satyam and Infosys are likely to bid for this ambitious project
In economic terms deflation is occurring "when prices are declining over time. This is the opposite of inflation; when the inflation rate (by some measure) is negative, the economy is in a deflationary period."
The inflation occurs when money becomes relatively less valuable than goods. Then deflation is simply the opposite, that over time money is becoming relatively more valuable than the other goods in the economy. Following the logic of that article, deflation can occur because of a combination of four factors:
Deflation generally occurs when the supply of goods rises faster than the supply of money, which is consistent with these four factors. These factors explain why the price of some goods increase over time while others decline. Personal computers have sharply dropped in price over the last fifteen years. This is because technological improvements have allowed the supply of computers to increase at a much faster rate than demand or the supply of money.
Why does deflation happen?
A fall in spending -- it could be personal spending or a cut in government expenditure -- leads to deflation. The decline in the supply of money and credit thus leads to deflation.
So, if money-supply decreases; supply of other goods increases, demand for money rises, and the demand for other goods slips, it is deflation.
So, if money-supply decreases; supply of other goods increases, demand for money rises, and the demand for other goods slips, it is deflation.
Why is it bad for the economy?
Deflation is a fall in the price of goods and services. Deflation occurs when the inflation rate falls below zero per cent. This is the opposite of inflation.
When the inflation rate is negative, the economy is in said to be in a deflationary period.
Consequences of deflation?
Deflation leads to a lower level of demand in the economy. It increases the real value of money. It also increases unemployment.
The main effect of deflation is that it gives people a huge incentive not to buy goods. This means that if something costs Rs 100 today, it will cost only Rs 95 next week, thus making people hold off their purchases. The good news is that gives people an incentive to save money.
But as fewer people buy, manufacturers are left with excess inventory. That means they need to reduce their supply, which means they can either stop manufacturing, which causes factory closures and layoffs, or they can reduce prices even further. But the latter causes even more deflation, leading to lower spending, leading to more deflation. Once an economy is caught in this deflationary spiral, it is very hard to climb out. That's why many economists are more worried about present deflation rather than inflation.
Deflation also slows down business development as entrepreneurs are less likely to invest in new business plans if they see a trend towards lower profit margins. As noted in a earlier post, deflation is more of a hinder to a strong economy than inflation.
According to Goldman Sachs, in a deflationary environment, those sectors with a high proportion of variable costs are likely to benefit from falling input prices, Effect of deflation?
The prices may fall in deflation, so is it good?
Is deflation good for you as prices may drop?
A fall in the prices may sound good for consumers. But it is not actually good. The lack in demand may push companies to further lower prices.
This can lead to a situation where the prices of product fall below the cost of manufacturing a product. This in turn forces the companies to cut production, slash jobs and shut down business till demand picks up. This worsens the situation.
EXPECTED DURATION OF DEFLATION IN INDIA
The Deflation is not likely to last long. The monetary and fiscal stimulus measures of the government is likely to boost demand in the long run. In 2010, however, Goldman Sachs expects inflation to come back due to both a gradual pick-up in demand, and conversely, a low base from 2009.
MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED
Mahindra Holidays & Resorts India Ltd., (MHRIL) a part of the Infrastructure Sector of the Mahindra Group, brings to the industry values such as Reliability, Trust and Customer Satisfaction. Started in 1996, the company’s flagship brand ‘Club Mahindra Holidays’, today has a fast growing customer base of over 79,000 members and 23 beautiful Resorts at some of the most exotic spots in India and abroad. Over the last decade, MHRIL have established themselves as market leaders in the family holidays business. The company have followed a two pronged strategy – rapidly increasing its bouquet of resorts to provide more variety in holidaying options and enhancing its service levels to its members to provide delight at every point of interaction.
All MHRIL resorts are totally geared to cater to a variety of holiday needs and experiences in all areas of operation, from housekeeping to food & beverage to holiday activities. Creating and managing the holiday experience is a core strength.
MHRIL has made significant investments in ‘state of the art’ IT systems to streamline their operations and processes towards smooth, quick and efficient management of its substantial member base. The implementation of a CRM system has been a powerful tool to track important member information and preferences, thus providing the ability to greatly enhance the total holiday experience.
Mahindra Holidays & Resorts India Ltd. Is a part of the USD 6.7 billion Mahindra Group, one of India’s leading Industrial Houses. The Group has interests in various sectors such as Automotive, Auto Components, Farm Equipment, Trade & Financial Services, Infrastructure and Information Technology. Mahindra & Mahindra has a successful track record as the Market Leader in each Sector.
IPO DETAILS
Symbol - Series = MHRIL EQ
Issue Period = June 23, 2009 to June 26, 2009
Issue Size =92,65,275 EQUITY SHARES
Issue Type =100% Book Building
Face Value=Rs. 10/-
Price Range =Rs. 275 To Rs. 325.
Tick Size =Re. 1/-
Market Lot=20 Equity Shares
Minimum Order Quantity=20 Equity Shares
Maximum Subscription Amount for Retail Investor=Rs.100000
IPO Market Timings=10.00 a.m. to 5.00 p.m.
IPO Grading=Fitch IPO Grade 4(ind)
Book Running Lead Manager =Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited & SBI Capital Markets Limited
Syndicate Member=Kotak Securities Limited & SBICAP Securities Limited
Categories=FI, IC, VC, MF, FII, FVCI, SIDC, PF, PEF, MLA, BDFI, NIF, CO, IND, HUF, NRI , and OTH
No. of Cities with Bidding Centers=55
Name of the registrar=Karvy Computershare Private Limited
Address of the registrar=Plot No. 17 to 24, Vithalrao Nagar, Madhapur, Hyderabad 500 081.
Contact person name number and Email id=Mr. M. Murali krishna, Tel: (91 40) 2342 0815-20 Fax: (91 40) 2342 0814,E-mail: einward.ris@karvy.com
CHARGES/TAXES THAT YOU HAVE TO PAY IN INTRADAY AND DELIVERY
*Brokerage: 0.5% for Delivery & 0.05% for Day Trading; Round off to two digits then multiply by no.of shares*Service Tax: 12.2% of brokerage (Rounded off to two digits)*Educational cess: 2% of Service Tax*STT: 0.1% of Total traded value of the day for Delivery & 0.01% for Intraday*Ex levy: 0.0035% of Total Traded value of the day*Stamp Duty: 0.01% of Total traded value of the day for Delivery & 0.002% for Intraday
For Example
1)If you purchased 200 shares of AXIS BANK on 26/03/2008 at 808.00 and sold them same day at 830.00 then STT for Intraday is :0 for buy and 0.025% for sell and STT for delivery is 0.125% for buy and 0.125% for sellHere the calculation should be for Intraday 830*200=166000.00166000.00*0.025/100=41.50(STT)
2) Security: AXIS BANK LIMITED
Buy Qty, rate, total, brokerage, service tax, STT, amount
200, 808.00, 161600.00, 48.48, 5.82, 0.00, 161654.30
Sell Qty, rate, total, brokerage, service tax, STT, amount,
200, 830.00, 166000.00, 49.80, 5.98, 40.95, 165903.27
Security: RELIANCE NATURAL RESOURCES LTD
Buy Qty, rate, total, brokerage, service tax, STT, amount
2000, 100.95, 201900.00, 60.60, 7.27, 0.00, 201967.87
Sell Qty, rate, total, brokerage, service tax, STT, amount
2000, 100.00, 199994.40, 60.00, 7.20, 50.24, 199876.96
Net Of Current Trades :2275.62 Cr
Service Tax :26.27
Education Cess: 0.53
Higher Education Cess :0.26
STT Amt : 91.50
Stamp Duty :14.59
Turnover Charges :25.54
Net Amount :2117.24 Due to You
Calculation of STT will be
166,000 * 0.025% = 41.50
200,000 * 0.025% = 50.00
Total STT = 41.50+50 = 91.50
Introduced to the financial markets in 1927, an American Depository Receipt (ADR) is a stock that trades in the United States but represents a specified number of shares in a foreign corporation. ADRs are bought and sold on American markets just like regular stocks, and are issued/sponsored in the U.S. by a bank or brokerage. ADRs were introduced as a result of the complexities involved in buying shares in foreign countries and the difficulties associated with trading at different prices and currency values. For this reason, U.S. banks simply purchase a bulk lot of shares from the company, bundle the shares into groups, and reissues them on either the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) or the NASDAQ. In return, the foreign company must provide detailed financial information to the sponsor bank. The depositary bank sets the ratio of U.S. ADRs per home-country share. This ratio can be anything less than or greater than 1. This is done because the banks wish to price an ADR high enough to show substantial value, yet low enough to make it affordable for individual investors. Most investors try to avoid investing in penny stocks , and many would shy away from a company trading for 50 Russian roubles per share, which equates to US$1.50 per share. As a result, the majority of ADRs range between $10 and $100 per share. If, in the home country, the shares were worth considerably less, then each ADR would represent several real shares. There are three different types of ADR issues:
Level 1 - This is the most basic type of ADR where foreign companies either don't qualify or don't wish to have their ADR listed on an exchange. Level 1 ADRs are found on the over the counter market and are an easy and inexpensive way to gauge interest for its securities in North America. Level 1 ADRs also have the loosest requirements from the Securities and Exchange Commission.
Level 2 - This type of ADR is listed on an exchange or quoted on Nasdaq. Level 2 ADRs have slightly more requirements from the SEC, but they also get higher visibility trading volume.
Level 3 - The most prestigious of the three, this is when an issuer floats a public offerings of ADRs on a U.S. exchange. Level 3 ADRs are able to raise capital and gain substantial visibility in the U.S. financial markets. The advantages of ADRs are twofold. For individuals, ADRs are an easy and cost-effective way to buy shares in a foreign company. They save money by reducing administration costs and avoiding foreign taxes on each transaction. Foreign entities like ADRs because they get more U.S. exposure, allowing them to tap into the wealthy North American equities markets.
SOME INDIAN ADRs
ARVIND MILLS LTD. 144A
ASHOK LEYLAND LTD. 144A
BAJAJ AUTO LIMITED 144A
BSES LIMITED 144A GDR
CENTURY TEXTILES AND INDUTRIES LTD. GDR
CESC LIMITED 144A
CORE HEALTH CARE PRODUCTS GDR
CROMPTON GREAVES LIMITED 144A GDR
DCW LIMITED
DR. REDDY'S LABORATORIES LTD 144A
EID PARRY (INDIA) LIMITED 144A
EIH LIMITED 144A
FINOLEX CABLES LIMITED GDR
GRASIM INDUSTRIES LIMITED
GREAT EASTERN SHIPPING CO. LTD. 144A
GUJARAT NARMADA VALLEY 144A
HIMACHAL FUTURISTIC 144A
HINDALCO INDUSTRIES LTD. 144A
HINDALCO INDUSTRIES LTD. WARRANT
INDIA CEMENTS LIMITED 144A, THE
INDIAN ALUMINIUM CO. LTD. 144A
INDIAN HOTEL CO. LTD.
INDIAN PETROCHEMICALS CORP. LTD. 144A
INDIAN PETROCHEMICALS CORP. LTD. 144A
INDIAN RAYON & INDUSTRIES LTD. 144A
INDO GULF FERTILIZERS AND CHEMICAL CO.
INDO RAMA SYNTHETICS (INDIA) LTD 144A
INDUSTRIAL CREDIT & INVESTMENT CORP
JCT LIMITED 144A
JK CORP LIMITED 144A GDR
KESORAM INDUSTRIES CO., LTD.
LARSEN & TOUBRO LIMITED 144A
LARSEN & TOUBRO LIMITED GDR
MAHANAGAR TELEPHONE NIGAM LTD. 144A
MAHINDRA & MAHINDRA LTD.144A
NEPC-MICON LIMITED 144A
RANBAXY LABORATORIES 144A
RAYMOND WOOLLEN MILLS LTD. 144A, THE
RELIANCE INDUSTRIES LIMITED 144A
SANGHI POLYESTERS LIMITED 144A GDR
SIEL LIMITED
SIV INDUSTRIES LIMITED 144A GDRS
SOUTHERN PETROCHEMICAL INDUSTRIES 144A
STATE BANK OF INDIA 144A
STEEL AUTHORITY OF INDIA LIMITED GDR
TATA ELECTRIC COMPANIES
TATA ENGINEERING AND LOCOMOTIVE CO. LTD.
TUBE INVESTMENTS OF INDIA LTD. 144A
USHA BELTON LTD.
VIDEOCON INTERNATIONAL 144A
VIDESH SANCHAR NIGAM LTD (VSNL) 144A
INDUSTRY
Cals Refineries Ltd&Sanraa Media Ltd:-Multibaggers or multibeggers?
CALS REFINERIES: GROUP -B COMPANY BSE SCRIP CODE::526652
CMP:0.78p
52 WEEKS HIGH=6
52WEEKS LW=1
Story:Promoters acquired listed NBFC and planned to set up crude refinery.Equity bloated to 794 crs.through GDR issue. Company is intending to import IInd hand plant from Germany. To finance the same, it wanted to raise USD 500 mn from overseas.However, due to bad market conditions, company may not succeed.Hence, implementation of project is uncertain. However,some strong operators are trying to take the share price up and scrip is being recommended by everyone in the share market to everyone else in the share market. Fundamentals of the company are nil. Promoters make grandios plans although company may have no substance.Same promoters acquired Hitkari Fibres and renamed it as SRM Energy. Here, promoters are dreaming to set up 4000 MW Power Plant. It will be a miracle with zero financials can implement billion dollar projects. It can quote at a mere 50 paisa but still attracts a several hundered crores marketcap.I can run a nomenclature of my buddies who loves to trade in these stock.They opt for Cals Refineries at below 40-50 paisa to sell the same at nearly 1re,i.e,a gain of over 100%.You people may just do the same and rake the moolah too but as I have mentioned chances are the bet getting dumped resulting loss of entire money.Cals do have humongous aggressive expansion plans but I have got decent doubt regarding the projects materialization.Often in newspapers and local channels it comes with influencing ads to lure investors but the policy offlate has done little for them.So forget outlook or fundamentals,If you have to trade do trade else so many better high growth oriented scrips are there to pocket up.2)
Sanraa Media Ltdcode: BSE SCRIP CODE::531312
cmp:75paisa(.75)
52 WEEKS HIGH=4
52 WEEKS LOW =1
Story:Another wealth destroyer with its price nosediving to 75 paisa from a high of 93rs made in may last year.No fundamentals,prospects to talk about but again chances of it tripling or hitting 1re or more cant be ruled out.Being a fineprint sucker even if these companies comes with bumper number I get goose bumps.Often the numbers are inflated or cooked up.You would find great results for consecutive 3 quarters and the last quarter comes with huge losses thereby cancelling each other.Here the case is like hardly 75paisa to loose but gain can be huge.Operators may help you too if the sentiment changes for good as simple gullible retail guys would have the first titillation of penny stocks.Operators are quick to smell these stuff and who knows maybe accumulation has already taken place.To conclude don't invest much,forget the money once you put in as a loosing bet.Be quick to pounce on an exit opportunity.If you get stuck be rest assured the money has left you forever.