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Sebi's Swachata Abhiyan SEBI plans to delist more than 4,000 listed companies whose shares aren’t actively traded, as it tightens supervision of Asia’s fourth-largest stock market. The clean up includes 1,200 companies whose shares have been suspended from trading on the BSE Ltd. and the National Stock Exchange of India Ltd. for the past seven years, U.K. Sinha, chairman of the Securities & Exchange Board of India, said in Mumbai. The 3,000 companies listed on the defunct reg ional bourses would also face the axe, he said. “Having a large number of listed companies is a source of nuisance,” Sinha said. “They were being used to manipulate markets and avoid taxes. Cleaning up is a focus area this year.” SEBI, in a bid to weed out illiquid stocks, in January allowed owners of small companies, where trading had been less than 10 percent of the total shares in the previous 12 months, to take them private. While more than 5,400 companies are listed on the BSE, the top 500 ...

*These 8 Signs Can Tell You If A Stock Is Doomed -* Picking the right stocks in the market to invest in is not an easy task, and your success in picking the right ones is not always guaranteed. Be that as it may, these eight signs can help you determine if a stock is getting set to crash. 1. If the company has a negative cash flow. Cash flow is a company’s lifeline. When a company’s cash payments are bigger than its receipts, it means the company has a negative cash flow that can eventually lead to insolvency. 2. High Debt to Equity Ratio A debt-to-equity ratio measures a company’s bankruptcy risk by comparing its long- and short-term debts to its shareholders’ equity. A high ratio usually means the company has been aggressive in financing its growth with debt. Eventually, this debt can become too much to handle. 3. Interest coverage ratio The interest coverage ratio reveals if a company is having difficulty paying its debt. If a company’s ratio is below 1, it can’t ...

ब्रिटनमध्ये होत असलेल्या जनमत चाचणीचा परिणाम जगभरातील शेअर बाजारावर झाला आहे. कारण मुंबई शेअर बाजार उघडताच, सेन्सेक्स तब्बल 900 अंकांनी  गडगडला आहे. सेन्सेक्स काल 27002 अंकांवर बंद झाला होता, आज उघडताच तो 26367 अंकांवर जाऊन पोहोचला. दुसरीकडे पौंडनेही 31 वर्षातील निच्चांक गाठला, डॉलरच्या तुलनेत 9 टक्क्यांनी घसरला. ब्रिटनने युरोपियन युनियनमध्ये राहावं की नाही, यासाठी तिथल्या नागरिंकांनी काल मतदान केलं आहे. या जनमत चाचणीचा निकाल  आज आहे. हा निकाल जगाच्या राजकारण आणि अर्थकारणावर दूरगामी परिणाम करणारा ठरू शकतो. युरोपियन युनियनमध्ये रहावं, की नाही यावर ब्रिटनमध्ये खल सुरू आहे. ही लढाई इतकी पेटली आहे, की त्यात मजूर पक्षाच्या खासदार जोआना कॉक्स यांचा जीव गेला. त्या धक्क्यातून सावरून ब्रिटनच्या नागरिकांना आपलं भवितव्य ठरवायचं आहे. *काय आहे युरोपियन युनियन?* 28 देश आणि 50 कोटी लोकसंख्येच्या युरोपियन युनियनची अर्थव्यवस्था 16 खर्व डॉलर्सची असून तिचा जागतिक डरडोई उत्पन्नातला वाटा एक चतुर्थांश इतका आहे. युरोपियन युनियनमधील नागरीक सदस्य देशात व्हिसाशिवाय मुक्तपणे प्रवास, व्यापार, नोकरी...

📌*15 things you should know about Model GST Law* On June 14, 2016 the Finance Ministry has released the *'Model GST Law'*. It outlines the structure of the GST regime. Further, the draft of 'Integrated GST Bill, 2016' is also released along with such Model GST laws. It also provides the framework for levy and collection of CGST and SGST. "CGST" is the tax levied under the Central Goods and Services Tax Bill, 2016. "IGST" is the tax levied under the Integrated Goods and Services Tax Bill, 2016. *Key takeaways from Model GST law are given hereunder:* *1) Threshold limit for registration* The dealer is required to take registration under this law if his aggregate turnover in a financial year exceeds Rs.9 lakhs. However, dealers conducting business in any North Eastern State are required to take registration if their turnover exceeds Rs.4 lakhs. *2) Place of registration* The dealer has to take registration in the State from where taxable good...

🌲Finance Act Changes applicable from *1/6/16* 🌴Changes Effective from _June, 2016_ 👉Electronic Hearing under Income Tax law enabled 👉Document required to be issued by an Income Tax Authority can be issued in paper form or communicated in electronic form 👉Equalization Levy @ 6% on _online digital advertisement and incidental services_ or provision of digital advertising space 👉TCS @ 1% on luxury vehicles and cash sale of goods or provision of services 👉Exit Tax for Charitable Institutions 👉Non resident not having PAN shall not be subjected to 20% TDS 👉Jurisdiction of Assessing Officer not to questioned in serach cases after one month from notice u/s 153A 👉Non Corporate assessee also to pay advance tax , _15% by 15th June . 45% by 15th Sep, 75% by 15th Dec and 100% by 15th March_ _👉In case of presumptive Income 100% advance tax to be paid by 15th March_ 👉Application for Waiver of Interest u/s 220(2A) to be disposed off with in one year 👉Interest under section 2...

Jhunjhunwala grew up in Mumbai, India where his father is posted as an Income Tax Officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India. Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited. Rakesh Jhunjhunwala Success Story from 5k to 1.8$ Billion Rakesh Jhunjhunwala, the name that needs no introduction. The legendary investor who is known as the Warren Buffet of India. Lets check out the success story of Rakesh Jhunjhunwala and his journey from 5000 Rs to 8000 Crore. Rakesh Jhunjhunwala was bor...

Novartis India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2016, (commencement time 11.30 a.m. and conclusion time 6.30 p.m.) unanimously approved a buyback proposal for purchase by the Company of upto 3,820,000 equity shares of Rs. 5/- each (representing 11.95% of the total paid -up equity capital), from all the existing equity shareholders of the Company on the record date on a proportionate basis through the "Tender Offer" route as prescribed under the Securities and Exchange Board of India (Buy-Back Regulations), 1998, as amended (the "Buyback Regulations") at a price of Rs. 760/- (Rupees Seven Hundred and Sixty Only) per equity share, aggregating to Rs. 290.32 crores (Rupees two hundred and ninety crores thirty two lakhs only) in accordance with the provisions of the Companies Act, 2013 and the Buyback Regulations (the "Buyback"). The Buyback Offer price represents a premium of 11.1% over the volum...

Business Standard Ø  India's growth to rise to 8% in FY2019: Fitch Ø  FPIs' holding in BSE-200 cos drops to $291 billion Ø  Jaitley keeps options open on extension of Rajan's term Ø  Jet Airways posts first annual profit after 8 years Ø  Exporters can be put on caution list on ED, CBI action: RBI Ø  Oil to cross $70 within next 12 months: Geosphere Ø  Torrent Pharma in talks to buy Glochem for Rs 300 cr Ø  ONGC Q4 net rises 12% to Rs 4,416 cr Ø  Investor wealth surges by over Rs 2.69 lakh cr in 3 days Ø  Rains might make delayed entry and a splash thereafter Ø  India could lose $49 billion in GDP by food price shock: UN Ø  FinMin, RBI form committee to boost cashless transaction Ø  India's bankruptcy law positive for banks: Moody's Ø  BPCL net profit falls 10.6% Business Line Ø  Bread manufacturers to voluntarily withd...

SEBI plans to delist more than 4,000 listed companies whose shares aren’t actively traded, as it tightens supervision of Asia’s fourth-largest stock market. The clean up includes 1,200 companies whose shares have been suspended from trading on the BSE Ltd. and the National Stock Exchange of India Ltd. for the past seven years, U.K. Sinha, chairman of the Securities & Exchange Board of India, said in Mumbai. The 3,000 companies listed on the defunct regional bourses would also face the axe, he said. “Having a large number of listed companies is a source of nuisance,” Sinha said. “They were being used to manipulate markets and avoid taxes. Cleaning up is a focus area this year.” SEBI, in a bid to weed out illiquid stocks, in January allowed owners of small companies, where trading had been less than 10 percent of the total shares in the previous 12 months, to take them private. While more than 5,400 companies are listed on the BSE, the top 500 make up 95 percent of the total mark...

MORGAN STANLEY : Upgrade India to Overweight from Equalweight Less rich valuations & less crowded positioning in India India's relative valuation to EMs comes off from record high levels India is becoming a low-beta market within EMs Rising dividends per share leading to more attractive dividend yield India is still trading at a 36% premium vs MSCI EM Expect further rate cut by another 50 bps in FY17 Less deflation threat, favourable demographics, low debt are supportive GST Bill likely to be approved this yr; Monsoon seen above normal levels

****** An amazing story on Marvan Attapattu Srilankan Cricketer which leaves behind an unforgettable lesson in personal finance ****** Making his debut in Test cricket for Sri Lanka, Marvan scored a duck in his first innings. And again, in his second innings. They dropped him. So he went back to the nets for more practice. More first-class cricket. More runs. Waiting for that elusive call. And after twenty-one months, he got a second chance. This time, he tried harder. His scores: 0 in the first innings, 1 in the second. Dropped again, he went back to the grind. And scored tonnes of runs in first-class cricket. Runs that seemed inadequate to erase the painful memories of the Test failures. Well, seventeen months later, opportunity knocked yet again. Marvan got to bat in both innings of the Test. His scores: 0 and 0. Phew! Back to the grind. Would the selectors ever give him another chance? They said he lacked big-match temperament. His technique wasn’t good enough ...

SEBI bans Ruchi Soya From dealing in securities market India's market regulator on Tuesday barred the country's largest edible oil importer, Ruchi Soya Industries, from dealing in the securities markets until a further investigation into potential insider trading violations in castor seed contracts earlier this year. In its interim order, Securities Exchange and Board of India also barred National Steel and Agro Industries from dealing in securities until "further directions." The regulator said it was looking into the possible involvement of the two companies in unusual movements in castor seed contracts in January. India's National Commodities and Derivatives Exchange (NCDEX) in January suspended all running castor seed contracts "to maintain market equilibrium" after it found abnormal trading in the last few months. (Full Story) Both companies were not immediately reachable for comment.

*KOTAK : FIRST CUT ON ITC* ·         Overall results – After 5 quarters of single-digit topline and EBITDA growth, ITC reported a robust quarter with double-digit revenue/EBITDA growth (both a tad above our estimates); revenues up 10% yoy to Rs100.6 bn (KIE: Rs98.2 bn), EBITDA up 14% yoy to Rs35.8 bn (KIE: Rs34.5 bn), PBT up 14% yoy to Rs38.3 bn (KIE: Rs37.3 bn), net profit up 6% yoy at Rs24.9 bn (KIE: Rs24.9 bn) and EPS at Rs3.1/share. PAT growth was dragged by a sharp 540 bps jump in ETR. For FY2016, ITC reported revenue, EBITDA and PAT growth of 1%, 6% and 2% respectively; recurring EPS stood at Rs12.2/share. ·         Cigarettes – net revenues up 10% yoy (7% above our estimates) and EBIT up 12% yoy (highest since 3QFY14, 4% above our estimates). Cigarette volumes were flattish yoy (better than our estimate of 2% decline) partly aided by low base. However sequential improvement in growth trajectory (3...

Despite several regulatory and technological safeguards being put in place to prevent frauds in the banking space, they continue unabated. The only safeguards customers can rely on are awareness and constant vigilance. A few months ago, VN Kulkarni, chief credit counsellor at the Bank of India­backed Abhay Credit Counselling Centre came across a case of credit card fraud involving a 25­year­old victim. "He got a call from someone claiming to be a senior officer from the bank. He was told that as part of due diligence of all card holders, he had to disclose all the card­related information, including the password, failing which the card would be deactivated within five minutes," says Kulkarni. Unfortunately, he fell prey to the tactic. "Within ten minutes of sharing this information, entire amount from his account was utilised. Going to the cyber cell or the police did not yield results and the banker, too, took the stand that since card was in his possession, he was res...

What are company fixed deposits ??  Many corporates/non­banking finance companies offer investors the facility to place fixed deposits with them. The deposit rates offered by such companies could vary and depends on the rating assigned by credit rating agencies as well as their brand perception. Typically, the interest rates offered is slightly higher than that offered by nationalised and private sector banks. The interest earned through these deposits can be credited directly to an account or taken via a cheque. Some of the prominent fixed deposits on offer include HDFC Ltd, Mahindra Finance, Bajaj Finance, DHFL and LIC Housing Finance.  How does one invest in them?  You can invest in a company FD by filing in the relevant application and depositing it directly with the company or using the services of an agent. To be able to open these Fss you will need to provide a photograph and a self­attested ID proof. Minors, too, can open these fixed deposits. They'll have ...

Financial planning shouldn’t be as complicated as it sounds. You may or may not have a complicated Excel worksheet on your computer with all sorts of numbers in never-ending rows and columns that chart out your entire financial future, but there are a few key mistakes that you must avoid in your financial life. These are small mistakes, but ignore them at your own peril. If they go unnoticed or untreated, the affect will haunt you in a big way later. Here are five mistakes that you can easily avoid. Wealth creation, not tax Every year we plan to save our taxes. Investments made under Section 80C of the Income tax Act, 1961 allow a tax deduction up to  Rs. 1.5 lakh. Several instruments are available under this section such as tax-saving mutual funds, Employees’ Provident Fund (EPF), life insurance premium and five-year fixed deposits. But before you choose the tax-saving product, ask yourself: do I really need this product, or am I buying it just to save tax? For instance, you...

How Nifty Moves.......... 1% move in TCS = 12.46 points move in nifty 1% move in ITC = 10.09 points move in nifty 1% move in Infosys = 7.36 points move in nifty 1% move in Maruti Suzuki = 3.52 points move in nifty 1% move in LT = 4.66 points move in nifty 1% move in Dr. Reddy = 3.39 points move in nifty 1% move in ICICI bank= 4.66 points move in nifty 1% move in HDFC = 5.20 points in nifty 1% move in HDFC Bank = 6.63 points move in nifty 1% move in Tata Motors = 2.44 points move in nifty 1% move in VEDL = 1.05 points move in nifty. 1% move in Hindalco = 1.33 points move in nifty 1% move in ONGC = 6.01 points move in nifty 1% move in Ultratech Cements = 4.77 points move in nifty 1% move in Tata Steel = 2.26 points move in nifty 1% move in HCL tech = 3.1 points move in nifty 1% move in Wipro = 3.5 points move in nifty 1% move in Idea = 1.66 points in nifty 1% move in Coal India = 2.10 points move in nifty 1% move in ZEEL = 0.81 points move in nifty 1% move in Sun Pharma = 2.98 points ...

Traps for investors 1)Volume - volume is managed by circular trading - A sells to B, B sells to C, C sells to D, D sell to A or B or C. There may be 15-20 accounts involved and is done in a way to avoid SEBI noticing the same. 2)Upper Circuit No genuine buyer will place order at upper circuit price. No investor will sell share if the price is locked in upper circuit. Again circular trading to increase price. Electrotherm Rs 79.75 ,10% up, locked in 10% upper circuit. Trap for greedy investor is laid. 3) Media reports Break out , Above 30,60,200 moving days average , signing of contract , getting sales order , acquiring unit etc will start pouring in once stock has appreciated 75-100% 4)Preferential Allotment- why promoter will take share at higher price. Just to lay a trap for investor who thinks , price will go up to the price of preferential allotment. The promoter will sell away his holding acquired in others name at much lower price then current price. 5)Jump in quarterly pro...

The stock markets are always irrational.  Shriram Transport Finance Shriram Transport Finance Company rallied 14% to Rs.1,071.25.  The company reported standalone net profit of Rs.143.90 crore for the quarter ended March 31, 2016, registering decline of 54.57% yoy and 61.63% qoq. The stock is currently trading above its 50 DMA. The scrip opened at Rs. 955 and has touched a high and low of Rs. 1082.2 and Rs. 955 respectively.  So far 2525062(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 21408.4 crore. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1017.35 on 14-Oct-2015 and a 52 week low of Rs. 736.5 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 998.4 and Rs. 928.25 respectively. The promoters holding in the company stood at 26.05 % while Institutions and Non-Institutions held 26.19 % and 47.76 % respectively. The stock is currently trading above its 50 DMA. The high...

China cuts yuan fix in biggest move since devaluation SHANGHAI: China's central bank on Wednesday fixed the yuan currency nearly 0.60 per cent weaker against the US dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year. The People's Bank of China set the value of the yuan — also known at the renminbi (RMB) — at 6.4943 to $1.0, weakening 0.59 per cent from the fix of 6.4565 the previous day, according to data from the Foreign Exchange Trade System. China only allows the yuan to rise or fall two per cent on either side of the daily fix, one of the ways it maintains control over the currency...

The Hindu Update ED probes UAE firms linked to middleman in copter deal http://m.thehindu.com/news/national/ed-probes-uae-firms-linked-to-middleman-in-copter-deal/article8548225.ece Delhi red-faced over U-turn on visa to U.S. official http://m.thehindu.com/news/national/delhi-redfaced-over-uturn-on-visa-to-us-official/article8548404.ece Non-trade issues at WTO, lack of legal experts worry India http://m.thehindu.com/business/Economy/nontrade-issues-at-wto-lack-of-legal-experts-worry-india/article8548230.ece InMobi CFO quits, joins Practo http://m.thehindu.com/business/Industry/inmobi-cfo-quits-joins-practo/article8548392.ece Expedia plans to hire hands in India http://m.thehindu.com/business/Industry/expedia-plans-to-hire-hands-in-india/article8548229.ece All you need to know about Bitcoin http://m.thehindu.com/business/all-you-need-to-know-about-bitcoin/article8547440.ece Reliance Defence gets 15 more permits across spectrum http://m.thehindu.com/business/reliance-defence-get...