Ways to secure and safeguard your dream home

Devika Ghosh
Moneycontrol.com

With increasing standard of living comes many a perils of modern day lifestyle – be it burglary, fire or theft. You wouldn't want all your hard earned money going down the drain just because of your carelessness or lack of awareness. Moving away from the 'It can't happen to me' mindset, more and more people have become aware of the real dangers in terms of guarding their homes and other assets.

Even in the recent past, most people considered security systems to be a luxury. But today's advanced technologies allow most individuals to go for more reliable, effective and affordable security systems.

Alarms and surveillance systems are some of the sure shot ways of guarding your home. Residences equipped with home security systems will trigger immediate alarms, in case of a break-in, thus alerting the police.

According to recent studies, houses equipped with home security systems are three times less likely to become the target of burglaries than ones without.

Some of the best ways of protecting your home are listed below:

Burglar Alarm: With burglar alarm prices coming down, more and more households are going in for it to secure their homes. The do it yourself - wired or wireless – systems, setting off an alarm in case of a break-in is the most popular form of burglar alarm.

These alarms come in two forms - open and closed circuit. Open circuit systems work when a window or a door is opened, the circuit is immediately completed and the alarm goes off, while closed work when a window or door is opened, the circuit is broken - also setting off the alarm.

Security cameras: One of the most advanced and newest ways of guarding your home, information and data is by installing an IP security camera. Compared to the old, traditional security cameras, an IP security camera converts data directly and stores it on an identifiable source, like a hard disk.

Security system: Enable separate alarms for doors and windows and install live monitoring system service. Also, it is also imperative that you invest in a good outdoor alarm system and proper locks.

Fireproof safes and smoke detectors: To guard your valuables against one of the most harmful and powerful forces of nature – fire – adequate security needs to be in place, which includes fireproof safes and smoke detectors.

Mobile Apps for home security: With the smartphone age, this article would be incomplete without a mention of mobile phone apps for home securities. You can choose from many a apps to ensure that if in case there is a break-in attempt, you get an immediate notification on your cell phone. The advanced technology also allows you to watch live videos of what is happening around your home, switch off and on your lights, appliances and thermostat. There is a home security system app available for you whether you want complete home automation or just basic controls.

14.02 | 0 komentar | Read More

Manohar Parrikar resigns as Goa CM

Goa Chief Minister Manohar Parrikar, who is tipped to become the Union Defence Minister, today tendered his resignation from the post paving way for the appointment of his successor in the state.

Goa Chief Minister Manohar Parrikar, who is tipped to become the Union Defence Minister, today tendered his resignation from the post paving way for the appointment of his successor in the state.

Parrikar faxed his resignation to state governor Mridula Sinha at Raj Bhavan this afternoon, after meeting the Archbishop. The two-paragraph resignation letter was faxed from his official residence at Altinho here.

After resigning, Parrikar left the party headquarters to attend a meeting of officebearers and legislators who will finalise the name of his successor.

"The swearing-in of the new CM would be held at 4 PM," Parrikar told PTI minutes before faxing his resignation. With the resignation of Parrikar, entire state cabinet comprising 12 ministers, two of which were from Maharashtrawadi Gomantak Party (MGP), was dissolved. The fresh cabinet would be sworn-in along with the new Chief Minister.

"It was difficult for me to leave the state but nation is bigger than the state," Parrikar had told reporters last evening after chairing his last state cabinet meeting.

The 58-year-old leader was sworn in on March 2012 after he rode the party to a historical win in the state legislative assembly polls. The party managed to win on 21 seats out of 40 emerging as the single largest legislative unit.

Parrikar made headlines after he slashed the petrol prices in the state by almost Rs 11 by excluding Value Added Tax (VAT) imposed on it. The Bombay-IIT alumni also launched two major schemes 'Grih Adhar' providing monthly income to housewives and 'Ladli Lakshmi' offering financial help of Rs 1 lakh for the marriage of a girl child.

The CM, who had inked the controversial public accounts committee report on illegal mining had to face wrath after the Supreme Court imposed a ban on iron ore extraction industry in the state, pointing out to the illegalities in the trade.

Parrikar saw the state finances plummeting by almost 40 percent due to closure of mining industry and also introduction of new social welfare schemes.

Before being invited by Prime Minister Narendra Modi to join the Union Cabinet, Parrikar had embarked upon an exercise to review performance of his ministers.

14.02 | 0 komentar | Read More

Black money: 'No reason given for not revealing names'

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

BJP leader Subramanian Swamy today said the government was not giving a valid reason in not revealing names of the accounts of Indians held in foreign banks.

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

Although there is a secrecy clause in the DTAA which was preventing the government from disclosing the names, the hurdle could be overcome, he said. Swamy said when Pranab Mukherjee was the Finance Minister before becoming President, he had written to German government for disclosure of names under the DTAA for accounts held in Liechtenstein.

"Now what the government have to do now is that it will again have to write to the German counterpart that earlier it had wrongly sought disclosures under DTAA. Now the government is seeking the disclosures under a particular UN resolution ", he said.

Swamy said that he has written to Prime Minister Narendra Modi that the argument forwarded by Finance Minister Aru Jaitley was not correct.

When pointed out that when BJP was in the Opposition, the party had criticised the Congress-led UPA for citing DTAA as the sole reason for the government not being able to disclose the names and the present dispensation was doing the same now, Swamy said that "it is the BJP which had formed the SIT soon after coming to power".

"Why did not the Congress form it despite the Supreme Court giving directions in 2011", he asked. "The black money stashed abroad should be brought back to India and we will do that", he asserted. Swamy said that black money was also legitimised through participatory notes.

14.02 | 0 komentar | Read More

Nature Efficient buys 3.25 lakh shares of IOL Chemicals

Nature Efficient Electronics buys 325,000 shares of IOL Chemicals and Pharmaceuticals at Rs 59.20 on the NSE.

Nature Efficient Electronics buys 325,000 shares of  IOL Chemicals and Pharmaceuticals  at Rs 59.20 on the NSE.

On Friday, IOL Chemicals and Pharmaceuticals closed at Rs 60, down Rs 0.25, or 0.41 percent.

The share touched its 52-week high Rs 64.45 and 52-week low Rs 16.05 on 11 September, 2014 and 05 February, 2014, respectively.

14.02 | 0 komentar | Read More

JPMorgan Chase's $9B whistleblower breaks secrecy

Alayne Fleischmann says she witnessed a 'massive criminal securities fraud' at JPM, but was forced to keep it a secret.

A former deal manager at JPMorgan Chase who was laid off in 2008 said she witnessed a "massive criminal securities fraud" while working at the bank during the years that lead up to the financial crisis but was forced to stay silent, according to Rolling Stone.

"It was like watching an old lady get mugged on the street," Alayne Fleischmann told the magazine. "I thought, 'I can't sit by any longer.'"

Fleischmann believes there is proof that the bank committed a crime including evidence that the firm made material misrepresentations about subprime loans, made material omissions, willfully and with specific intent and consciously ignored warnings from inside the firm and out, the magazine said.

She'd like to see something done about it, it added.

Fleischmann, a securities lawyer, said she began working with U.S. prosecutors in 2012, but because of a confidentiality agreement, she wasn't allowed to speak publicly about what the saw.

The bank eventually settled with the government for what reports at the time said was $13 billion in an agreement that kept details under wraps aside from statements of facts. Rolling Stone says the settlement was more like $9 billion.

Read More: JPMorgan, NY,federal government in $13 billion settlement

The bank told CNBC on Friday it would not comment on the story.

14.02 | 0 komentar | Read More

Argon India sells 5.94 lakh shares of Phoenix Lamps

Argon India sells 594,024 shares of Phoenix Lamps at Rs 130.13 on the NSE.

Argon India sells 594,024 shares of  Phoenix Lamps  at Rs 130.13 on the NSE.

On Friday, Phoenix Lamps closed at Rs 137.65, up Rs 6.95, or 5.32 percent.

The share touched its 52-week high Rs 177.50 and 52-week low Rs 65.10 on 07 July, 2014 and 25 November, 2013, respectively.

14.02 | 0 komentar | Read More

Aurobindo Pharma Q2 net up 58% to Rs 372 cr on US generics

"The quarterly performance has been satisfactory mainly on account of overall growth led by US Generics. Our business deliveries in Europe as well as other markets have been in line with our expectation," said N Govindarajan, managing director of the company.

Moneycontrol Bureau

Aurobindo Pharma  has reported a whopping 58.3 percent growth in consolidated net profit at Rs 372 crore for July-September quarter led by US generics. Profit in the year-ago period was Rs 235 crore.

"The quarterly performance has been satisfactory mainly on account of overall growth led by US Generics. Our business deliveries in Europe as well as other markets have been in line with our expectation," said N Govindarajan, managing director of the company.

The company is confident of sustaining this performance as it continues to focus on complex molecules and differentiated technology platforms for advanced markets, he added.

Consolidated revenue grew by 50.5 percent to Rs 2,881 crore in the quarter ended September 2014 compared to Rs 1,914 crore in the same quarter last year driven largely by US business that reported a 60.7 percent growth during the quarter.

Europe business in July-September quarter increased by 349.3 percent while rest of the world business showed a 67.2 percent growth compared to year-ago period.

Operating profit (earnings before interest, tax, depreciation and amortisation) rose by 45.3 percent year-on-year to Rs 637 crore in the second quarter of current financial year 2014-15 but margin fell 100 basis points to 22 percent from 23 percent during the same period due to increase in staff cost (up 72 percent) and other expenses (up 78 percent).

Aurobindo said formulation sales grew by 82.1 percent on yearly basis to Rs 2,236.5 crore while API sales marginally declined by 4.6 percent to Rs 685.0 crore percent (against Rs 717.9 crore in Q2FY14).

At 11:50 hours IST, the stock was quoting at Rs 1,038.55, up Rs 36.65, or 3.66 percent after hitting a 52-week high of Rs 1,043 on the BSE.

14.02 | 0 komentar | Read More

Ashok Leyland back to profit by focusing on lowering debts

The Chennai-based heavy commercial vehicle maker had registered a net profit of Rs 120.69 crore for the July-September 2014 period as against a net loss of Rs 25.05 crore registered during the same period of previous year.

Focus on reducing working capital, lowering debt and increase in sales in the first six months of the current financial year led Hinduja Group flagship company  Ashok Leyland to strengthen its bottom-line, a top company official said.

"We have been sharply focused on reducing working capital and lowering debt. Healthier sales realisations have helped strengthen our bottom-line and not only have we gained market share, we have returned to profitability after five successive quarters", Ashok Leyland Managing Director Vinod K Dasari said in a statement.

The Chennai-based heavy commercial vehicle maker had registered a net profit of Rs 120.69 crore for the July-September 2014 period as against a net loss of Rs 25.05 crore registered during the same period of previous year.

For the six month period ending September 30, the net profit stood at Rs 72.73 crore as against a net loss of Rs 166.80 crore. The company sold 28,290 vehicles during the six month period ending September 2014, from 26,927 units sold during the corresponding period of previous year.

It increased market share in medium and heavy commercial vehicles to 27.1 percent while operations in the overseas market grew by 25 percent, the statement added.

Ashok Leyland stock price

On November 07, 2014, at 12:30 hrs Ashok Leyland was quoting at Rs 47.80, up Rs 1.05, or 2.25 percent. The 52-week high of the share was Rs 49.00 and the 52-week low was Rs 14.90.

The company's trailing 12-month (TTM) EPS was at Rs 0.43 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 111.16. The latest book value of the company is Rs 15.69 per share. At current value, the price-to-book value of the company is 3.05.

14.02 | 0 komentar | Read More

Accumulate Wabco India; target of Rs 3802: P Lilladher

Brokerage house Prabhudas Lilladher is bullish on Wabco India and has recommended 'Accumulate' rating on the stock with a target price of Rs 3802 in its research report dated October 20, 2014.

Prabhudas Lilladher's report on Wabco India

"Wabco's (WIL's) Q2FY15 results were below our estimates on account of lowerthan- expected gross margins. Top-line grew by 18.5% YoY to Rs 3.2bn (PLe: Rs3.4bn), mainly led by strong traction in the OEM segment (grew 50% YoY). Gross margins declined by 60bps YoY on account of higher raw material cost (pertaining to new product launches). We continue to maintain our positive stance on the company as it is well positioned to leverage the rising content per vehicle in the domestic MHCV market. WIL is likely to be the key beneficiary of recovery in M&HCV volumes, entry of global players in the Indian Market and implementation of safety norms by the Government for M&HCV. We reiterate our 'Accumulate' call on the stock with a target price of Rs 3,802. However, we expect the stock to underperform in the near term, given that it is already trading at 30.7x FY16E earnings", says Prabhudas Lilladher research report.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

14.02 | 0 komentar | Read More

Govt to further deliberate on tax demand against MTNL

MTNL has already made this payment of Minimum Alternate Tax (MAT), amounting to Rs 492 crore, and had sought relief from the government, which holds 56.25 percent stake in this publicly listed firm.

Government has decided to further deliberate on the issue of tax demand against loss-making MTNL , which had arisen due to a decision to provide pension support and refund of broadband spectrum payments to the state-run telecom firm.

MTNL has already made this payment of Minimum Alternate Tax (MAT), amounting to Rs 492 crore, and had sought relief from the government, which holds 56.25 percent stake in this publicly listed firm.

"Cabinet considered MTNL issue. We have taken a call on it. There was a tax demand and we have accepted that. The loss to MTNL was because of book value. We have not deferred the matter, but further deliberations are required," Telecom Minister Ravi Shankar Prasad told reporters after a Cabinet meeting this evening.

Government in September last year decided to refund about Rs 5,700 crore to MTNL which it has to pay for wireless broadband spectrum in Delhi and Mumbai in 2010.

In December 2013, the government also approved pension support to MTNL for about 43,000 employees who joined the state-run firm from Department of Telecom.

MTNL stock price

On November 05, 2014, Mahanagar Telephone Nigam closed at Rs 31.10, up Rs 1.00, or 3.32 percent. The 52-week high of the share was Rs 39.10 and the 52-week low was Rs 13.00.

The company's trailing 12-month (TTM) EPS was at Rs 132.51 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 0.23. The latest book value of the company is Rs 80.01 per share. At current value, the price-to-book value of the company is 0.39.

14.02 | 0 komentar | Read More

Union Bank slashes interest for medium cos by up to 3.75%

The revised interest rate for borrowers from investment-grade medium enterprises is in the range of 12.25-13.75 percent," the bank said. The new rates are effective from November 3.

State-run lender  Union Bank of India reduced interest rates for medium enterprises in the range of 200-375 basis points. The revision will also give fillip to Prime Minister Narendra Modi's 'Make in India' campaign, a bank release said.

The government's ambitious campaign, launched in September, is aimed at making the country a global manufacturing hub.

"The revised interest rate for borrowers from investment-grade medium enterprises is in the range of 12.25-13.75 percent," the bank said. The new rates are effective from November 3.

The city-based bank had reported a 78 percent spike in its net at Rs 371 crore in the September quarter. The sharp increase in the profit was on account of lower provisioning
and a Rs 140 crore income tax write-back.

Provisions during the quarter stood at Rs 785.41 crore as against Rs 936.75 crore in the same period last year. Its domestic advances rose 9.4 percent to Rs 2,26,011 crore from
Rs 2,06,690 crore year ago. Chairman and managing director Arun Tiwari has attributed the good set of numbers to loan growth in retail, agriculture and MSME sectors.

Union Bank stock price

On November 05, 2014, Union Bank of India closed at Rs 221.55, down Rs 3.95, or 1.75 percent. The 52-week high of the share was Rs 259.60 and the 52-week low was Rs 100.60.

The company's trailing 12-month (TTM) EPS was at Rs 30.88 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 7.17. The latest book value of the company is Rs 288.93 per share. At current value, the price-to-book value of the company is 0.77.

14.02 | 0 komentar | Read More

Gold near 4.5-yr lows, buyers wait for prices to drop more

The dollar rose to a four year high against a basket of major currencies on Wednesday, after Republicans won control over both chambers of the US Congress for the first time since 2006, lifting investor expectations for more pro-business policies.

Gold languished near its lowest level since April 2010 on Thursday as investors dumped the safe-haven metal amid strength in the dollar and equities, with markets now fearing $1,000 an ounce as the next target level.

The sell-off in gold began last Friday, when the metal broke through USD 1,180 - the lowest level gold had fallen to during last year's 28 percent plunge.

The dollar rose to a four year high against a basket of major currencies on Wednesday, after Republicans won control over both chambers of the US Congress for the first time since 2006, lifting investor expectations for more pro-business policies.

Weakness in the euro as investors awaited the European Central Bank's policy meeting, and last week's surprise move by the Bank of Japan to expand its stimulus measures have also provided a boost to the greenback.

Long dollar trades are a no-brainer in the current environment where the Bank of Japan and European Central Bank are keeping the stimulus tap running, while the Federal Reserve has just turned off its massive bond-buying programme.

Even with gold prices dropping to near 4-year lows, buyers across Asia have failed to show enthusiasm for the cheaper prices, preferring instead to wait on the sidelines.

When gold prices are in a slump, Chinese buyers in particular, eyeing a bargain, traditionally move in and stop the rot. But that doesn't seem to be happening this time around. In the biggest consumer of gold, local premiums - an indicator of demand - failed to pick up any big way.

Prices on the Shanghai Gold Exchange had fallen to a discount to the global price on Monday but recovered to a premium of USD 1-USD 2 an ounce on Tuesday. But they are still far short of the USD 50-plus premiums seen last year.

For Gold, test of the USD 1,000 level could be on the cards following a break of support at USD 1,150 an ounce, a key retracement level.

14.02 | 0 komentar | Read More

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Latest News from Moneycontrol.com http://www.moneycontrol.com Wed, 05 Nov 2014 12:30:05 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/announcements/bajrang-lal-dhoot-ceases-to-be-directorsoma-textiles_1219943.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Bajrang Lal Dhoot ceases to be director of Soma Textiles" title="Bajrang Lal Dhoot ceases to be director of Soma Textiles" border="0" width="75" height="75" align=" left" hspace="5"/> Soma Textiles Industries has informed that Mr. Bajrang Lal Dhoot (Shri B. L. Dhoot), an Independent Director on the Board of the Company within the provisions of Companies Act, 2013, has expired on October 31, 2014. Consequent upon his death, he ceased to be a director on the Board with immediate effect i.e. October 31, 2014. Wed, 05 Nov 2014 12:25:47 +0530 http://www.moneycontrol.com/news/announcements/bajrang-lal-dhoot-ceases-to-be-directorsoma-textiles_1219943.html http://www.moneycontrol.com/news/business/merged-welspun-proj-to-be-profitablefy15-md-garg_1219942.html <img src="http://www.moneycontrol.com/news_image_files/2013/s/SandeepGarg_200.jpg" alt="Sandeep Garg" title="Sandeep Garg" border="0" width="75" height="75" align=" left" hspace="5"/> The company has merged Welspun Enterprises, Welspun Infratech, Welspun Plastics, Welspun Infra Projects and Welspun Projects on the recommnetdation of its audit committee. Wed, 05 Nov 2014 12:24:49 +0530 http://www.moneycontrol.com/news/business/merged-welspun-proj-to-be-profitablefy15-md-garg_1219942.html http://www.moneycontrol.com/news/announcements/gitanjali-gems-q2-resultsnovember-14-2014_1219941.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Gitanjali Gems' Q2 results on November 14, 2014" title="Gitanjali Gems' Q2 results on November 14, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Gitanjali Gems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2014, inter alia, to consider, approve and take on record the Un-audited Financial results of the Company for the quarter ended September 30, 2014 (Q2). Wed, 05 Nov 2014 12:22:39 +0530 http://www.moneycontrol.com/news/announcements/gitanjali-gems-q2-resultsnovember-14-2014_1219941.html http://www.moneycontrol.com/news/crisil-research/crisil-raises-hero-motocorps-fair-value-to-rs-3090_1219201.html <img src="http://www.moneycontrol.com/news_image_files/2014/h/hero_motorcycle_200.jpg" alt="CRISIL raises Hero MotoCorp`s fair value to Rs 3090" title="CRISIL raises Hero MotoCorp`s fair value to Rs 3090" border="0" width="75" height="75" align=" left" hspace="5"/> CRISIL Research has come out with its report on Hero MotoCorp. The research firm has raised fair value of the company to Rs 3090. However, assigned the valuation grade of 3/5 and maintained fundamental grade of 5/5 to the company. Wed, 05 Nov 2014 12:16:51 +0530 http://www.moneycontrol.com/news/crisil-research/crisil-raises-hero-motocorps-fair-value-to-rs-3090_1219201.html http://www.moneycontrol.com/news/brokerage-recos-sector-report/ntpc-power-grid-top-pickspower-space-icicidirect_1219199.html <img src="http://www.moneycontrol.com/news_image_files/2014/p/Power_200x200.jpg" alt="NTPC, Power Grid top picks in power space: ICICIdirect" title="NTPC, Power Grid top picks in power space: ICICIdirect" border="0" width="75" height="75" align=" left" hspace="5"/> ICICIdirect.com has come out with its report on power sector. "The top picks in our coverage universe are NTPC and Power Grid", says the report. Wed, 05 Nov 2014 12:16:00 +0530 http://www.moneycontrol.com/news/brokerage-recos-sector-report/ntpc-power-grid-top-pickspower-space-icicidirect_1219199.html http://www.moneycontrol.com/news/recommendations/hold-wipro-targetrs-630-emkay_1219191.html <img src="http://www.moneycontrol.com/news_image_files/2013/w/Wipro_200.jpg" alt="Hold Wipro; target of Rs 630: Emkay" title="Hold Wipro; target of Rs 630: Emkay" border="0" width="75" height="75" align=" left" hspace="5"/> Emkay Global Financial Services has recommended hold rating on Wipro with a target price of Rs 630, in its research report dated October 22, 2014. Wed, 05 Nov 2014 12:15:05 +0530 http://www.moneycontrol.com/news/recommendations/hold-wipro-targetrs-630-emkay_1219191.html http://www.moneycontrol.com/news/local-markets/sensex-nifty-consolidate-crude-extends-loss-to-5th-day_1219940.html <img src="http://www.moneycontrol.com/news_image_files/2013/b/BSE_Sensex_21May3_190.jpg" alt="Sensex, Nifty consolidate; crude extends loss to 5th day" title="Sensex, Nifty consolidate; crude extends loss to 5th day" border="0" width="75" height="75" align=" left" hspace="5"/> The Sensex is up 30.95 points at 27891.33, and the Nifty is up 10.40 points at 8334.55. About 1513 shares have advanced, 1123 shares declined, and 107 shares are unchanged. Wed, 05 Nov 2014 12:13:19 +0530 http://www.moneycontrol.com/news/local-markets/sensex-nifty-consolidate-crude-extends-loss-to-5th-day_1219940.html http://www.moneycontrol.com/news/buzzing-stocks/iob-falls-3-post-sp-downgradeweak-asset-quality_1219930.html <img src="http://www.moneycontrol.com/news_image_files/2014/m/market_nifty_sensex_200_3756.jpg" alt="IOB falls 3% post SP downgrade on weak asset quality" title="IOB falls 3% post SP downgrade on weak asset quality" border="0" width="75" height="75" align=" left" hspace="5"/> "We downgraded IOB following a recent deterioration in the bank's asset quality and our expectation that it will remain weak over the next 12 months," SP said in a statement. Wed, 05 Nov 2014 12:12:58 +0530 http://www.moneycontrol.com/news/buzzing-stocks/iob-falls-3-post-sp-downgradeweak-asset-quality_1219930.html http://www.moneycontrol.com/news/stocks-views/buy-ahmednagar-forg-canara-bank-thomas-cook-kant_1219929.html <img src="http://www.moneycontrol.com/news_image_files/2014/b/buy_200.jpg" alt="Dharmesh Kant" title="Dharmesh Kant" border="0" width="75" height="75" align=" left" hspace="5"/> Dharmesh Kant of India Nivesh Securities recommends buying Thomas Cook (India) for a price target of Rs 175 and Camson Bio Technologies Limited for a price target of Rs 175. Wed, 05 Nov 2014 12:12:50 +0530 http://www.moneycontrol.com/news/stocks-views/buy-ahmednagar-forg-canara-bank-thomas-cook-kant_1219929.html http://www.moneycontrol.com/news/stocks-views/sudarshan-sukhani-upbeatsks-microfinance_1219907.html <img src="http://www.moneycontrol.com/news_image_files/2014/m/micro-finance_financial_2_356x200_200_0600.jpg" alt="Sudarshan Sukhani" title="Sudarshan Sukhani" border="0" width="75" height="75" align=" left" hspace="5"/> Sudarshan Sukhani of s2analytics.com is upbeat on SKS Microfinance and feels that it is a good investment idea. Wed, 05 Nov 2014 12:08:39 +0530 http://www.moneycontrol.com/news/stocks-views/sudarshan-sukhani-upbeatsks-microfinance_1219907.html http://www.moneycontrol.com/news/current-affairs/open-to-privatising-psus-infra-funding-jaitley-@-wef_1219920.html <img src="http://www.moneycontrol.com/news_image_files/2014/j/jaitely_wef_356_200_0716.jpg" alt="Open to privatising PSUs, infra funding: Jaitley @ WEF" title="Open to privatising PSUs, infra funding: Jaitley @ WEF" border="0" width="75" height="75" align=" left" hspace="5"/> With the finance minister Arun Jaitley announcing his government is open to looking at some public sector units that can do better in private hands, investor interest in public sector scrips like MTNL, ITI and HMT has shot up. Wed, 05 Nov 2014 12:08:21 +0530 http://www.moneycontrol.com/news/current-affairs/open-to-privatising-psus-infra-funding-jaitley-@-wef_1219920.html http://www.moneycontrol.com/news/announcements/pioneer-reliance-to-divest-their-stakejv_1219921.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Pioneer, Reliance to divest their stake in JV" title="Pioneer, Reliance to divest their stake in JV" border="0" width="75" height="75" align=" left" hspace="5"/> Reliance Industries Ltd has submitted to BSE a copy of a media release by the Company's partner Pioneer stating their intent to divest their shareholding in the EFS midstream. Reliance has also agreed to consider a divestment of its shareholding in this joint venture.<</description> Wed, 05 Nov 2014 12:04:29 +0530 http://www.moneycontrol.com/news/announcements/pioneer-reliance-to-divest-their-stakejv_1219921.html http://www.moneycontrol.com/news/results-boardroom/hope-to-see-ebitda-to-sales-ratio-improveq3-berger_1219917.html <img src="http://www.moneycontrol.com/news_image_files/2014/a/Abhijit-Roy-nov20-200.jpg" alt="Abhijit Roy" title="Abhijit Roy" border="0" width="75" height="75" align=" left" hspace="5"/> Abhijit Roy, MD of Berger Paints gave his views on the company’s September quarter numbers. Wed, 05 Nov 2014 12:04:11 +0530 http://www.moneycontrol.com/news/results-boardroom/hope-to-see-ebitda-to-sales-ratio-improveq3-berger_1219917.html http://www.moneycontrol.com/news/announcements/orient-bell-appoints-tanuja-joshi-as-additional-director_1219918.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Orient Bell appoints Tanuja Joshi as additional director" title="Orient Bell appoints Tanuja Joshi as additional director" border="0" width="75" height="75" align=" left" hspace="5"/> Orient Bell Ltd has informed BSE that Ms. Tanuja Joshi has been appointed as Additional Director on the Board of Directors of the Company w.e.f. November 03, 2014. Wed, 05 Nov 2014 12:01:55 +0530 http://www.moneycontrol.com/news/announcements/orient-bell-appoints-tanuja-joshi-as-additional-director_1219918.html http://www.moneycontrol.com/news/stocks-views/prefer-greaves-cotton-prakash-diwan_1219865.html <img src="http://www.moneycontrol.com/news_image_files/2014/g/greaves-cotton-logo-200.jpg" alt="Prakash Diwan" title="Prakash Diwan" border="0" width="75" height="75" align=" left" hspace="5"/> Prakash Diwan of Altamount Capital Management is of the view that one may prefer Greaves Cotton. Wed, 05 Nov 2014 12:00:12 +0530 http://www.moneycontrol.com/news/stocks-views/prefer-greaves-cotton-prakash-diwan_1219865.html

Latest News from Moneycontrol.com http://www.moneycontrol.com Wed, 05 Nov 2014 12:30:05 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/announcements/bajrang-lal-dhoot-ceases-to-be-directorsoma-textiles_1219943.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Bajrang Lal Dhoot ceases to be director of Soma Textiles" title="Bajrang Lal Dhoot ceases to be director of Soma Textiles" border="0" width="75" height="75" align=" left" hspace="5"/> Soma Textiles Industries has informed that Mr. Bajrang Lal Dhoot (Shri B. L. Dhoot), an Independent Director on the Board of the Company within the provisions of Companies Act, 2013, has expired on October 31, 2014. Consequent upon his death, he ceased to be a director on the Board with immediate effect i.e. October 31, 2014. Wed, 05 Nov 2014 12:25:47 +0530 http://www.moneycontrol.com/news/announcements/bajrang-lal-dhoot-ceases-to-be-directorsoma-textiles_1219943.html http://www.moneycontrol.com/news/business/merged-welspun-proj-to-be-profitablefy15-md-garg_1219942.html <img src="http://www.moneycontrol.com/news_image_files/2013/s/SandeepGarg_200.jpg" alt="Sandeep Garg" title="Sandeep Garg" border="0" width="75" height="75" align=" left" hspace="5"/> The company has merged Welspun Enterprises, Welspun Infratech, Welspun Plastics, Welspun Infra Projects and Welspun Projects on the recommnetdation of its audit committee. Wed, 05 Nov 2014 12:24:49 +0530 http://www.moneycontrol.com/news/business/merged-welspun-proj-to-be-profitablefy15-md-garg_1219942.html http://www.moneycontrol.com/news/announcements/gitanjali-gems-q2-resultsnovember-14-2014_1219941.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Gitanjali Gems' Q2 results on November 14, 2014" title="Gitanjali Gems' Q2 results on November 14, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Gitanjali Gems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2014, inter alia, to consider, approve and take on record the Un-audited Financial results of the Company for the quarter ended September 30, 2014 (Q2). Wed, 05 Nov 2014 12:22:39 +0530 http://www.moneycontrol.com/news/announcements/gitanjali-gems-q2-resultsnovember-14-2014_1219941.html http://www.moneycontrol.com/news/crisil-research/crisil-raises-hero-motocorps-fair-value-to-rs-3090_1219201.html <img src="http://www.moneycontrol.com/news_image_files/2014/h/hero_motorcycle_200.jpg" alt="CRISIL raises Hero MotoCorp`s fair value to Rs 3090" title="CRISIL raises Hero MotoCorp`s fair value to Rs 3090" border="0" width="75" height="75" align=" left" hspace="5"/> CRISIL Research has come out with its report on Hero MotoCorp. The research firm has raised fair value of the company to Rs 3090. However, assigned the valuation grade of 3/5 and maintained fundamental grade of 5/5 to the company. Wed, 05 Nov 2014 12:16:51 +0530 http://www.moneycontrol.com/news/crisil-research/crisil-raises-hero-motocorps-fair-value-to-rs-3090_1219201.html http://www.moneycontrol.com/news/brokerage-recos-sector-report/ntpc-power-grid-top-pickspower-space-icicidirect_1219199.html <img src="http://www.moneycontrol.com/news_image_files/2014/p/Power_200x200.jpg" alt="NTPC, Power Grid top picks in power space: ICICIdirect" title="NTPC, Power Grid top picks in power space: ICICIdirect" border="0" width="75" height="75" align=" left" hspace="5"/> ICICIdirect.com has come out with its report on power sector. "The top picks in our coverage universe are NTPC and Power Grid", says the report. Wed, 05 Nov 2014 12:16:00 +0530 http://www.moneycontrol.com/news/brokerage-recos-sector-report/ntpc-power-grid-top-pickspower-space-icicidirect_1219199.html http://www.moneycontrol.com/news/recommendations/hold-wipro-targetrs-630-emkay_1219191.html <img src="http://www.moneycontrol.com/news_image_files/2013/w/Wipro_200.jpg" alt="Hold Wipro; target of Rs 630: Emkay" title="Hold Wipro; target of Rs 630: Emkay" border="0" width="75" height="75" align=" left" hspace="5"/> Emkay Global Financial Services has recommended hold rating on Wipro with a target price of Rs 630, in its research report dated October 22, 2014. Wed, 05 Nov 2014 12:15:05 +0530 http://www.moneycontrol.com/news/recommendations/hold-wipro-targetrs-630-emkay_1219191.html http://www.moneycontrol.com/news/local-markets/sensex-nifty-consolidate-crude-extends-loss-to-5th-day_1219940.html <img src="http://www.moneycontrol.com/news_image_files/2013/b/BSE_Sensex_21May3_190.jpg" alt="Sensex, Nifty consolidate; crude extends loss to 5th day" title="Sensex, Nifty consolidate; crude extends loss to 5th day" border="0" width="75" height="75" align=" left" hspace="5"/> The Sensex is up 30.95 points at 27891.33, and the Nifty is up 10.40 points at 8334.55. About 1513 shares have advanced, 1123 shares declined, and 107 shares are unchanged. Wed, 05 Nov 2014 12:13:19 +0530 http://www.moneycontrol.com/news/local-markets/sensex-nifty-consolidate-crude-extends-loss-to-5th-day_1219940.html http://www.moneycontrol.com/news/buzzing-stocks/iob-falls-3-post-sp-downgradeweak-asset-quality_1219930.html <img src="http://www.moneycontrol.com/news_image_files/2014/m/market_nifty_sensex_200_3756.jpg" alt="IOB falls 3% post SP downgrade on weak asset quality" title="IOB falls 3% post SP downgrade on weak asset quality" border="0" width="75" height="75" align=" left" hspace="5"/> "We downgraded IOB following a recent deterioration in the bank's asset quality and our expectation that it will remain weak over the next 12 months," SP said in a statement. Wed, 05 Nov 2014 12:12:58 +0530 http://www.moneycontrol.com/news/buzzing-stocks/iob-falls-3-post-sp-downgradeweak-asset-quality_1219930.html http://www.moneycontrol.com/news/stocks-views/buy-ahmednagar-forg-canara-bank-thomas-cook-kant_1219929.html <img src="http://www.moneycontrol.com/news_image_files/2014/b/buy_200.jpg" alt="Dharmesh Kant" title="Dharmesh Kant" border="0" width="75" height="75" align=" left" hspace="5"/> Dharmesh Kant of India Nivesh Securities recommends buying Thomas Cook (India) for a price target of Rs 175 and Camson Bio Technologies Limited for a price target of Rs 175. Wed, 05 Nov 2014 12:12:50 +0530 http://www.moneycontrol.com/news/stocks-views/buy-ahmednagar-forg-canara-bank-thomas-cook-kant_1219929.html http://www.moneycontrol.com/news/stocks-views/sudarshan-sukhani-upbeatsks-microfinance_1219907.html <img src="http://www.moneycontrol.com/news_image_files/2014/m/micro-finance_financial_2_356x200_200_0600.jpg" alt="Sudarshan Sukhani" title="Sudarshan Sukhani" border="0" width="75" height="75" align=" left" hspace="5"/> Sudarshan Sukhani of s2analytics.com is upbeat on SKS Microfinance and feels that it is a good investment idea. Wed, 05 Nov 2014 12:08:39 +0530 http://www.moneycontrol.com/news/stocks-views/sudarshan-sukhani-upbeatsks-microfinance_1219907.html http://www.moneycontrol.com/news/current-affairs/open-to-privatising-psus-infra-funding-jaitley-@-wef_1219920.html <img src="http://www.moneycontrol.com/news_image_files/2014/j/jaitely_wef_356_200_0716.jpg" alt="Open to privatising PSUs, infra funding: Jaitley @ WEF" title="Open to privatising PSUs, infra funding: Jaitley @ WEF" border="0" width="75" height="75" align=" left" hspace="5"/> With the finance minister Arun Jaitley announcing his government is open to looking at some public sector units that can do better in private hands, investor interest in public sector scrips like MTNL, ITI and HMT has shot up. Wed, 05 Nov 2014 12:08:21 +0530 http://www.moneycontrol.com/news/current-affairs/open-to-privatising-psus-infra-funding-jaitley-@-wef_1219920.html http://www.moneycontrol.com/news/announcements/pioneer-reliance-to-divest-their-stakejv_1219921.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Pioneer, Reliance to divest their stake in JV" title="Pioneer, Reliance to divest their stake in JV" border="0" width="75" height="75" align=" left" hspace="5"/> Reliance Industries Ltd has submitted to BSE a copy of a media release by the Company's partner Pioneer stating their intent to divest their shareholding in the EFS midstream. Reliance has also agreed to consider a divestment of its shareholding in this joint venture.<</description> Wed, 05 Nov 2014 12:04:29 +0530 http://www.moneycontrol.com/news/announcements/pioneer-reliance-to-divest-their-stakejv_1219921.html http://www.moneycontrol.com/news/results-boardroom/hope-to-see-ebitda-to-sales-ratio-improveq3-berger_1219917.html <img src="http://www.moneycontrol.com/news_image_files/2014/a/Abhijit-Roy-nov20-200.jpg" alt="Abhijit Roy" title="Abhijit Roy" border="0" width="75" height="75" align=" left" hspace="5"/> Abhijit Roy, MD of Berger Paints gave his views on the company’s September quarter numbers. Wed, 05 Nov 2014 12:04:11 +0530 http://www.moneycontrol.com/news/results-boardroom/hope-to-see-ebitda-to-sales-ratio-improveq3-berger_1219917.html http://www.moneycontrol.com/news/announcements/orient-bell-appoints-tanuja-joshi-as-additional-director_1219918.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Orient Bell appoints Tanuja Joshi as additional director" title="Orient Bell appoints Tanuja Joshi as additional director" border="0" width="75" height="75" align=" left" hspace="5"/> Orient Bell Ltd has informed BSE that Ms. Tanuja Joshi has been appointed as Additional Director on the Board of Directors of the Company w.e.f. November 03, 2014. Wed, 05 Nov 2014 12:01:55 +0530 http://www.moneycontrol.com/news/announcements/orient-bell-appoints-tanuja-joshi-as-additional-director_1219918.html http://www.moneycontrol.com/news/stocks-views/prefer-greaves-cotton-prakash-diwan_1219865.html <img src="http://www.moneycontrol.com/news_image_files/2014/g/greaves-cotton-logo-200.jpg" alt="Prakash Diwan" title="Prakash Diwan" border="0" width="75" height="75" align=" left" hspace="5"/> Prakash Diwan of Altamount Capital Management is of the view that one may prefer Greaves Cotton. Wed, 05 Nov 2014 12:00:12 +0530 http://www.moneycontrol.com/news/stocks-views/prefer-greaves-cotton-prakash-diwan_1219865.html

14.02 | 0 komentar | Read More

Ador Fontech's board meeting on November 11, 2014

Ador Fontech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 11, 2014, for approval of financial results for the quarter and half year ended September 30, 2014.

Ador Fontech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 11, 2014, inter alia, to transact the following:1. Approval of financial results for the quarter and half year ended September 30, 2014.2. Performance review.3. Corporate governance.4. Review business operations and any other business/corporate matters.Also scheduled on the same day are the meetings of the Committees of the Board constituted under the Companies Act, 2013 and as per Listing Agreement.Source : BSE

Read all announcements in Ador Fontech

14.02 | 0 komentar | Read More

Shriram EPC's board meeting postpone

Shriram EPC Ltd has informed regarding the postponement of board meeting on November 04, 2014.

To read the full report click here

14.02 | 0 komentar | Read More

How insurance can help your finances grow

Rituraj Bhattacharjee
Bajaj Allianz Life Insurance

With the rise in the cost and standard of living these days, what is also essential is the provision of finances to support these needs. The concept of providing for these needs through credit cards has become increasingly common in such cases. While this credit system may work in case of material goods and consumer durables, your life stage goals or needs on the other hand, requires a better plan. This is why, merely planning for the immediate future is not enough. There is a need to plan ahead and make sufficient financial provision for the distant future too.

Some of the most common forms of investments through which you can provision for your future are mutual funds, stock market, fixed deposits, property, and even the purchase of gold. However, insurance too can be used as a unique option of protection and life stage planning.  A life insurance plan carefully selected as per your need not only works as a steady means of investment, but also provides the much needed protection till you attend that financial goal of yours.

The advantage with using insurance as a means of facilitating financial planning is that it is a beneficial tool which enables immense diversification. Insurance plans make available different options such as traditional plans, ULIPs, etc., which act as a solution for almost every requirement like education, retirement etc.

Adopt insurance to help your money grow
Trying to build a strong financial backing for oneself can be taken forward by ensuring that the money is invested where one gets the benefit of growth, but at the same time protects the savings/corpus. Here is how insurance can help you achieve each of these objectives.
Make saving a priority: When planning your finances, an important thing to keep in mind is that the earlier you start, the more you will save. The one major benefit of starting early with an insurance plan is that you will get a larger life insurance cover at a lower premium. Some of the best options to turn to when you are looking to save are endowment plans and money back plans, especially in your start up years as they can help you build your habit of saving. These plans usually come with a secured returns and a reasonable life cover.

Invest your money where it grows: When looking at options that can help your money to grow, turning to ULIPs is one of the best to consider. The advantage with ULIPs is that it is a flexible investment option. This gives the customer the opportunity to choose the type of fund that he/she would like to invest in, as per their risk appetite. ULIPs also enable you to navigate your investment against market volatility through options such as premium apportionment and fund switch option.

The benefit here is that the customer gets unlimited fund switch options, allowing him/her to alter the proportion of debt and equity funds, thus balancing out the portfolio. The most beneficial feature, however, of ULIPs is that this type of plan comes with the twin benefits of life protection as well as a market-linked growth for the investment.

Protect your finances: Insurance can provide you with various options that allow you to protect your money for your family's future, upon your death or in case you are incapacitated due to some accident. Some of the most prominent options that make this possible are term plans, and riders like Waiver of Premium or Accelerated Critical Illness (ACI).

While terms plans offer your family with the complete sum assured upon your death, riders such as waiver of premium protect your family's finances. This option helps since the nominee would still get the complete sum assured, without the obligation of having to pay a premium for the remaining policy term. The elimination of premium may come into effect in case of death or accidental total permanent disability. Additionally, a rider such as Accelerated Critical Illness can provide relief even in a situation such as occurrence of a critical illness. Accelerated Critical Illness can help by advancing your life cover so that money is available to you when you need it the most. The benefit of riders is that they provide additional features that can be taken along with your base plan, at a nominal additional cost.

Besides riders, term plans too can help protect your finances through the various options that it provides. These options could range from providing security for future situations such as change in responsibilities depending on your life stage, inflation, etc., to taking care of loan liabilities by your family, in case of the unfortunate demise of the bread earner.

Life Insurance- A multi pronged financial tool
Life insurance these days serve several purposes in addition to simply providing your family with basic monetary relief once you are gone. It is, therefore, a good idea to think about insurance the next time you want to invest your money wisely.

The author is a Head - Market Management at Bajaj Allianz Life Insurance.

14.02 | 0 komentar | Read More

Buy Castor Seed, CPO on dip; sell Cocudakl: Geojit

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Castor seed, CPO on dip and sell Cocudakl below 1352, in its report dated November 03, 2014.

Geojit Comtrade's report on agricultural commodities

Jeera Nov NCDEX

Jeera prices fell sharply from the high of 11520 and later closed the day at 11260. As prices are able to hold the trend line support of 11200, expect to continue pullbacks to 11300 followed by 11450 and then to 11520 levels. Any rise above 11550 could prolong its buying tendency. Though, daily RSI (14) is placed at oversold situation, potential buying cannot be ruled out in the near term. However, a break below 11200 could extend long liquidations to 11000 levels and for the day we recommend cautious buying with a strict stop loss below 10800 levels.

Cocudakl Dec NCDEX

Coudakl prices tumbled from 1385 and finally closed the day at 1355. As prices are unable to trade above 1200, sentiments gradually turned negative and any break below 1352 could see deep correction towards 1340 followed by 1328 and then to 1300 levels. Moreover, stochastic indicator is also supportive for the negative moves. On the other side, inability to break the support could see choppy trading session for the day. Hence, we recommend to go short on pullbacks to 1370-76 regions or a break below 1352 levels.

Castor seed Nov NCDEX

Prices are being held above the trend line support of 4745, suggesting the current buying momentum could see towards 4835 followed by 4870/4910 levels.

CPO Nov MCX/NCDEX

As prices are able to stay above 45 day EMA resistance at 454, expect pullbacks to 460/465 levels.

Strategies:
Buy Castor seed above 4835
Sell Cocudakl below 1352
Buy CPO on dip

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

14.02 | 0 komentar | Read More

Bank of India Q2 profit jumps 26.4%, asset quality worsens

Net interest income, the difference between interest earned and interest expended, shot up 20 percent (better than expectations) to Rs 3,031 crore in the second quarter of current financial year 2014 compared to Rs 2,527 crore in same quarter last year.

Moneycontrol Bureau

Public sector lender  Bank of India met street expectations with the profit rising 26.4 percent year-on-year to Rs 786 crore in September quarter led by fall in provisions and higher net interest income. Profit in the year-ago period was Rs 621.77 crore.

Net interest income, the difference between interest earned and interest expended, shot up 20 percent (better than expectations) to Rs 3,031 crore in the second quarter of current financial year 2014 compared to Rs 2,527 crore in same quarter last year but other income (non-interest income) declined by 8.5 percent to Rs 1,006.4 crore during the same period.

Net profit was expected at Rs 786 crore and net interest income at Rs 2,745 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.

Total operating expenses of the bank jumped 24.7 percent to Rs 1,901.6 crore during the quarter from Rs 1,524.5 crore in corresponding quarter of last fiscal on the back of 26.5 percent rise in employee cost and 22 percent increase in other operating expenses.

Provisions and contingencies fell 21.8 percent on yearly basis (up 7.9 percent sequentially) to Rs 963.4 crore in the quarter gone by, with provision coverage ratio at 56.32 percent as on September 2014 (against 63.29 percent in corresponding quarter of last fiscal).

Bank of India's asset quality deteriorated further in second quarter with the gross non-performing assets (NPA) climbing 61 basis points year-on-year (up 26 bps Q-o-Q) to 3.54 percent and net NPA rising 47 bps on yearly basis (up 18 bps Q-o-Q) to 2.32 percent in September quarter.

In absolute term, gross NPA shot up 43 percent year-on-year (up 12.7 percent on sequential basis) to Rs 14,127 crore and net NPA surged 47.8 percent Y-o-Y (up 13.2 percent Q-o-Q) to Rs 9,101 crore during the quarter.

At 12:25 hours IST, the stock was quoting at Rs 286.45, up Rs 1.05, or 0.37 percent on the BSE.

14.02 | 0 komentar | Read More

Indian Rupee to trade on mixed note says Angel Broking

According to Angel Broking Indian Rupee is expected to trade on a mixed note owing to upbeat market sentiments along with estimates of favorable manufacturing data from the country will act as a positive factor.

Angel Broking's report on rupee

On a weekly basis, Indian Rupee traded on a negative note and depreciated around 0.5 percent. The currency depreciated on the back of the US Federal Reserve meeting on Wednesday winded up its QE tapering program and concerns about hike in interest rates earlier than expected which acted as a negative factor.

However, sharp downside in the currency was prevented due to continued inflow of foreign funds, domestic market sentiments touching an all time high along with selling of dollars by custodian banks. The currency touched a weekly low of 61.147 and closed at 61.39 on Friday.

For the month of October 2014, FII outflows in equities totaled at Rs.1171.51 crores ($190.68 million) as on 31st October 2014. Year to date basis, net capital inflows stood at Rs.82266.15 crores ($13690.52 million) as on 31st October 2014.

Outlook

From the intra-day perspective, we expect Indian Rupee to trade on a mixed note owing to upbeat market sentiments along with estimates of favorable manufacturing data from the country will act as a positive factor. However, dollar demand from importers along with strength in the DX will cap sharp gains or reversal in the Indian Rupee.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

14.02 | 0 komentar | Read More

Tata Bolt: Checkout the finer details

Overdrive chat with Girish Wagh, Tata Motors' Vice President and Head of Small Car Project, to know more about the soon to be launched Tata Bolt.

Overdrive chat with Girish Wagh, Tata Motors ' Vice President and Head of Small Car Project, to know more about the soon to be launched Tata Bolt.

For entire chat watch accompanying video

14.03 | 0 komentar | Read More

Sena advises new BJP govt to not take people for granted

It is true that there is no magic wand to fulfil promises made (during polls) but people of Maharashtra are looking at the new Government, the first led by BJP, with a lot of hope, the publication said.

Shiv Sena today cautioned new Maharashtra Chief Minister Devendra Fadnavis against taking the people for granted and asked him to fulfil the expectations of the common man.

"The new Government is like a newly-wed woman who initially pleases her mother-in-law. In this case the mother- in-law is the people of Maharashtra. You cannot take people for granted. They have the power to pull your ears when you err," an editorial in Sena mouthpiece `Saamana' said.

This is the first lesson the new Government will have to learn, the Sena said amid signs of a rapprochement between the saffron parties, who parted ways on September 25, just weeks before the Assembly polls, which saw BJP emerging as the single largest party in the State.

It is true that there is no magic wand to fulfil promises made (during polls) but people of Maharashtra are looking at the new Government, the first led by BJP, with a lot of hope, the publication said.

"Mantralaya (the State Secretariat) was gutted during the Congress-NCP rule but the aspirations of people had turned into ashes much before that. The new Chief Minister should ensure that his work is like the proverbial Phoenix which rose from the ashes," the Sena organ maintained.

Describing yesterday's swearing in ceremony of the Fadnavis-led Ministry as grand (it was also attended by corporate bigwigs), the Sena said the poor, and not the rich or money bags, should get the attention of the administration as was the case during Shivaji's era.

"Fadnavis has said he will emulate Shivaji Maharaj's example while ruling the state. He should remember that the real strength of Shivaji's Hindavi swarajya was not the seth and sahukars but the common poor folk."

Sena chief Uddhav Thackeray attended the inauguration ceremony at Wankhede Stadium after a call from BJP President Amit Shah and other leaders. The party had earlier announced it would keep off the mega event, attended by Prime Minister Narendra Modi, citing "constant humiliation" by BJP ahead of Government formation.

Sena MP Vinayak Raut yesterday said Shah has assured Uddhav of a positive decision on participation of his party in the BJP Government.

14.03 | 0 komentar | Read More

Why lobbying Smriti Irani may not be the way to go for RSS

R Jagannathan
Firstpost.com

The Rashtriya Swayamsevak Sangh (RSS) has been pressuring the Union HRD Minister, Smriti Irani, to make some changes in historytext-books. At a meeting yesterday (30 October), representatives from various RSS front organisations told her that she must "correct" school history textbooks so that children were taught "true" history and learn about "real Indian heroes."

While the RSS' regular meetings with Irani have been criticised for turning into an NDA version of� Sonia Gandhi 's National Advisory Council – an extra-constitutional influence on government policy – the purpose of this article is not to dwell on that aspect, but to dispel notions about what history really is, and what school curricula should or should not be about.

In calling for the writing of "correct" history, the RSS is falling into the same trap that the earlier Nehruvian consensus on history-writing led us into. If there is any incorrect thing that needs debunking in history, it is this: there is no such thing as "correct" history. All histories are versions of the truth. The more the kinds of histories we write, the closer we will get to the truth.

Let me illustrate this point with recent history. If there is one correct version of recent history, which we have all seen on TV screens or read about in newspapers or have witnessed personally, there should be only one narrative emerging from it. For example: did� Narendra Modi �win the 2014 election or did UPA lose it? Or is a third factor responsible for the results we got. There are enough reasons to believe that both points have some relevance. If Modi partisans were to write history, they would call it the triumph of one man's vision on development, or some such thing. If his detractors were to write it, they would say communal scare-mongering was a key factor in his victory. A third version may say it wasn't about Modi or Manmohan, changing demographics had everything to do with it.

If we cannot agree on recent history which we have all had direct access to, how can we ever expect to agree on what is our "true" ancient history, as deduced from broken pottery or shards of glass or defaced coins or religious literature? If there can be 300 Ramayanas, surely there can be 300 versions of history?

So, to repeat, there is no such thing as "correct" history. What there can be are many versions of history, and here the RSS is surely right to think its version should also have its day in the sun. Thus, there need not be only a Marxist-Left-Secular version of history, but a Hindu version of history, just as there can be histories told from the gender, underclass, regional or tribal perspectives.

What the RSS should not do is try and pretend that only its version is correct. It can't be.

The second issue one needs to address is this: should the party in power seek to use its control of government resources to write (or rewrite) history? I don't believe so.

If Nerhuvian-Marxist scholars like Romila Thapar and Bipan Chandra could shove their version of history down our throats, and we felt suffocated by this insistence that theirs was the only right version, it hardly makes sense for the RSS to impose the same tyranny on us. I believe that all attempts at writing history with different perspectives should be left to private think-tanks and scholars. The HRD ministry or the central government should not be involved in the process.

What does this imply? The RSS should fund independent historical research that empathises with its world view and then let these versions compete for attention and dominance with the public. If it is based on evidence, logic and research, it will hold its own against the Romila Thapar version. Writing history top-down from a position of governmental strength will never have validity – just as the Thapar version did not have authenticity with many sections of the country.

This leaves us with the question of school text-books: if what we now have is only one version of Nehru-Marxist-influenced history, why should it be retained? If it is not right to thrust a saffron version of history down our children's throats, how is the Thapar version more palatable?

Clearly, our history text-books need to be re-written – but not by replacing one bias with another.

Any rewriting should attempt to present history as a version, with references to other versions too being made at various points where there are sharp differences. Our children need to be taught that history is about looking at all versions of the truth and then making up one's mind. History is not god's truth.

If the RSS is interested in a better version of history, it should build the credibility of its approach by putting its money where its mouth is. It should invest in scholarship and research. Lobbying Smriti Irani for it is not the way to go.

The writer is editor-in-chief, digital and publishing, Network18 Group

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