About Hathway They are the leading cable television services provider in India (Source: MPA Report), as well as one of the leading cable broadband services providers. We offer analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 20 cities, operating in geographical regions which we believe to constitute important markets for advertisers and broadcasters. We have won a number of awards for our cable television services such as being named “best cable operator of the year” by the Indian Telly Awards in six out of the last seven years. We own and operate cable networks that reach approximately eight million cable homes across India, supported by 68 analog head-ends, 19 digital head-ends and more than approximately 15,000 kilometres of HFC network. HATHWAY CABLE & DATACOM LIMITED Symbol – Series HCDLEQ Issue Period Feb 09, 2010 to Feb 11, 2010 Issue Size 22,755,000 equity shares Issue Type 100% Book Building Face Value Rs. 10/- Price Range Rs.240 to Rs.265. Tick Size Re. 1/- Market Lot 25 Equity Shares Minimum Order Quantity 25 Equity Shares IPO Grading 3 out of 5 Rating Agency Crisil Limited Hathway Cable and Datacom IPO Allotment Details can be seen here. Hathway Cable and Datacom IPO Opened Today is a post from: First Blog for Indian Financial Market

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Hathway Cable and Datacom IPO Opened Today

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Mutual Fund Sundaram BNP Paribas Mutual Fund Scheme Type Close Ended Scheme Category Income Launch Date 09-Feb-2010 Sundaram BNP Paribas FTP – S is a post from: First Blog for Indian Financial Market

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Sundaram BNP Paribas FTP – S

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Sadbhav Engineering Ltd has informed the market that it has bagged order worth 136.83 crore from Northen Coalfields Ltd , the order is for removal of over burden of First Dig (solid) by hiring of equipment such as excavators, tippers/ dumpers, drills, dozers, graders and water sprinklers for composite work consisting of blast hole drilling, excavation, loading, transportation of broken rocks/ soil/ earth, unloading/ dumping, spreading, dozing, water sprinkling and grading etc, by mechanical means as per instruction of engineer in charge at specified places at Khadia OCP of Northern Coalfield Limited. Sadbhav Engineering bags order worth 136.83 crores is a post from: First Blog for Indian Financial Market

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Sadbhav Engineering bags order worth 136.83 crores

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Madhucon Projects has informed the market that the company has been awarded three hydro power projects which os each of 25 mw and coming to a total of 75 MW expandable to 100 MW and they will take care of building it , operate and transfer (BOT) basis ,they got the contract from Uttarakhand Jal Vidyut Nigam, Government of Uttarakhand. Order Details > Agastyamuni hydro power (25 MW) in tributary Mandakini of river Alaknanda in district Rudrapryag on BOT basis. > Tilwara-I hydro power (25 MW) in tributary Mandakini of river Alaknanda in district Rudrapryag on BOT basis. > Tilwara-II hydro power (25 MW) in tributary Mandakini of river Alaknanda in district Rudrapryag on BOT basis. Madhucon Projects bags contract from Government of Uttarakhand is a post from: First Blog for Indian Financial Market

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Madhucon Projects bags contract from Government of Uttarakhand

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Poly Medicure Ltd has informed the market that in the meeting that will be held on Feb 9th 2010 , they will consider proposal for declaration of bonus issue , the stock rose by 20 percent or so from 177 Rs to 223 Rs. Poly Medicure Bonus Issue is a post from: First Blog for Indian Financial Market

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Poly Medicure Bonus Issue

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Is it worth putting money into ELSS funds as they announce a dividend? HDFC Long Term Advantage Fund just announced a “ 37.5% dividend ”. The real yield is about 10%. (Rs. 3.75 on something that currently costs Rs. 36.545). Ignore the “37.5%” figure – it’s a remnant of an archaic system that has little or no value for anyone investing today. We all know that dividends are your own money coming back to you . Technically you shouldn’t be bothered, whether you pay in and take it out as a dividend, or leave it in, it’s of no difference. But with ELSS funds, there is a difference. The invested money is locked for 3 years, and you get a tax advantage on it. If you were offered a dividend, you could get a tax advantage on the entire amount, while still getting a part of it back as dividend! [The money would otherwise be locked for three years] Example: You have Rs. 50,000 and you buy the above HDFC fund before Jan 11. You get a tax break on the entire 50,000 – worth Rs. 15,000 to you if you’re in the 30% bracket. And in a few days you’ll get back 10% of your money – or Rs. 5,000, as dividend. Effectively, you’ve saved yourself Rs. 15,000 in tax by investing only Rs. 45,000. (A few years back, Birla Sun Life did a one-time stunt with it’s tax plan, giving back HALF your money. But they did it in a shady way – pre-announcing the dividend months earlier, which is not allowed by SEBI. Read this article for more details .) Yields of 10% are not uncommon – and 10% is probably the lower end of the spectrum. Last year, HDFC’s other tax saving fund, HDFC Taxsaver, announced Rs. 5 dividend on an NAV of Rs. 34 – a 15% yield. If you’re looking to save tax but would like to not have to invest ALL the money, buy a tax saving fund that gives you a high yield, just after the dividend is announced. Also read: Should you invest in tax saving mutual funds? and Mutual Fund Commissions on Tax Saving Schemes . This post is written by Deepak Shenoy , at Capital Mind .

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Dividend in ELSS Funds Have An Advantage

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The Finance Minister has announced an increase in income tax exemption of Rs 10,000. This includes the Indian citizens as well as the NRIs. He also announced hike in Rs15, 000 for the senior citizens. Over the world-wide income of the NRIs the government has imposed 5% income tax on Non Resident Indians (NRIs). To avoid the double taxation the income that has been already taxed in India kept out of the purview. For this 5% tax there would no benefits of the double taxation be available. This means that if you are even paying the tax on your income in a country with which India has the agreement of double taxation, then there benefits would not be allowed against the 5% tax. The NRIs and all the Indians who are holding the Indian Passport and have been living out of the country for more than 180 days are under this requirement. The proof of the income would have to be submitted in the form of employer, foreign tax fillings etc. As a data sharing initiative on the terror prevention measures, the government of India is also coordinating with the Australia, America, Europe, UAE and the other countries for collecting the Income data of its citizens. This all is done as bringing in the compulsory participation in the development of India from NRIs. This shows that the NRIs can not continue to retain their citizenship of India without paying taxes in India. It is possible that this may not be the favorable in the views of NRIs who are already bringing the substantial FOREX in the form of investments and the remittances. This caused a lot of heart burn for the outside residing Indian communities and this move is expected to generate the tax collection of approximately 10 million INR for the government this year. The Finance Minister has scrapped the FBT, allowances and the tax on perks that are offered by the companies. Besides the budget has done way with the 10% surcharge on the personal income tax over the income of over Rs 10 lakh.

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The best way to avoid the financial disaster or the jobless situation is to create your emergency fund. As the life is unpredictable and the events like this may strike anytime. The emergency fund is typically used for covering the unexpected requirement of cash. This is usually sought in the dire straights because of some undesirable situations. The people have raided the emergency funds for the other uses like an impromptu vacation, to use as a home’s down payment or as a wild shopping spree. This is not the bad thing for NRIs at all. If they are able to replenish their fund easily then it does not matter how many times they end up accessing and using their cash. The emergency fund ensures that you have a liquid cash source when you need it the most. You can be in fine shape if you make sure that this liquid cash source exists for you at all times regardless of how the emergency is defined by you. An emergency fund ascertains the monthly living expenses. There are many methods and strategies are being used by the many persons and the NRIs to build some kind of the emergency fund. Find out the investible surplus- To build up an emergency fund first you need to find out your investible surplus. This means you should budget your all the incomes receivable and the expenses that are incurred regularly. Two in one savings accounts- To create the emergency fund the NRIs must get their salary credited directly to a two-in-one account. The day-to-day expenses should be credited either to a cheque or credit card of the operable account. And as possible the other operable part of account should not be easily operable. Liquidity of cash- The high liquidity is the key for the emergency funds and flexi deposits score high on this front. The flexi deposits are the combination of a saving account and a fixed deposit. The NRIs got benefits from interest rate of a fixed deposit and the flexibility of the savings account.

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Today feb 8th 2010 shares of Jubilant FoodWorks Ltd got listed ion the bourses as Scrip Code: 533155 in BSEINDIA and JUBLFOOD in NSEIndia , The stock which had the IPO prioce of 160 . listed at 196 or so in bse and now hovering between 190 to 200 rs. Jubilant FoodWorks Ltd Listed tpday at 30 Rs Premium is a post from: First Blog for Indian Financial Market

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Jubilant FoodWorks Ltd Listed tpday at 30 Rs Premium

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Mint: December quarter results indicate weak economic recovery : The results show that sequential sales growth in the December 2009 quarter, while certainly higher than the decline in the December 2008 quarter, was much weaker than for the December quarters in 2007, 2006 and 2005. The same trend is seen both in operating and net profit growth, the difference being wider in particular for the latter number. The wider divergence in profit growth is probably due to rising input prices, which have not been passed on to end users, leading to a squeeze in margins. The numbers suggest that while a recovery has begun, it hadn’t yet built up enough momentum in the December quarter . Since then, however, macro indicators such as the HSBC Purchasing Managers’ indices for both manufacturing and services as well as the rebound in non-oil imports suggest that the recovery is getting stronger; and companies are also seeing a return of pricing power With the markets going south again, will there be another squeeze and diminish chances of the momentum flowing through? The Nifty EPS, meanwhile is at 230 and is only marginally above the levels a year ago; another indicators that the momentum hasn’t yet set in. This post is written by Deepak Shenoy , at Capital Mind .

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Economic Recovery not strong enough: Mint

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