Thursday, March 25, 2010

DETAILS OF BWA

BROADBAND AND WIRELESS AUCTION (BWA) HAS BEEN SCHEDULE FOR THE AUCTION AFTER 3 DAYS OF SUCCESSFULL COMPLETION OF 3G AUCTION. i.e. on 12th april 2010(if 3g spectrum will auctioned on the said date that is on 9th april 2010). THE FOLLOWING COMPANIES HAS APPLIED FOR THE SAME..

Aircel Limited
Augere (Mauritius) Limited
Bharti Airtel Limited
Idea Cellular Limited
Infotel Broadband Services Private Limited
Qualcomm Incorporated
Reliance WiMax Limited
Spice Internet Service Provider Private Limited
Tata Communications Internet Services Limited
Tikona Digital Networks Private Limited
Vodafone Essar Limited

3G AUCTION DETAILS

THE FOLLOWING COMPANIES HAVE APPLIED FOR PARTICIPATING IN PAN INDIA 3G SEPECTRUM AUCTION TO BE AUCTIONED ON 9TH APRIL 2010

Aircel Limited
Bharti Airtel Limited
Etisalat DB Telecom Private Limited
Idea Cellular Limited
Reliance Telecom Limited
S Tel Private Limited
Tata Teleservices Limited
Videocon Telecommunications Limited
Vodafone Essar Limited

LATEST NEW FROM THE BUSINESS WORLD

THE NEWS IS THAT THE CIPLA'S VERY OWN ABORTION BRAND IPILL THEY HAD SELL THAT BRAND TO PIRAMAL HEALTH CARE FOR RS. 95 CRORE.

AND THE NEXT BIG NEW IS THAT AT&T THE AMERICA'S TOP TELECOM OPERATOR HAS JUST PICKED UP NEAR ABOUT 9% STAKE IN TECH MAHINDRA FOR UNDISCLOSED AMOUNT. THIS TRANSACTION WAS OFF MARKET TRANSACTION AND THE AMOUNT OF SHARE IN IT IS 8.03 CRORE SHARES.

THANKS

Thursday, March 18, 2010

latest buzz

PIRAMAL BIOTECH : THERE MEDICAL ARM IS RIGHT NOW LOOKING AND ROLLING OUT THE CANCER RELATED MEDICINE CHEAPER THEN THE RIGHT NOW PRESENT IN THE MARKET. THE COMPANY HAS ALSO GOT THE FORMAL APPROVAL FOR SALE IN EUROPE AND AMERICA AND IN INDIA THE TRIAL ARE GOING ON...
SORRY GUYS DOESN'T ABLE TO UPDATE MY BLOG DUE TO SOME PERSONAL REASONS..

THANKS

Wednesday, March 10, 2010

LATEST BUZZ @ MARKET

THERE ARE 3 COMPANIES NBFC WHO ARE LIKELY TO BECOME THE WHOLE TIME BANKING UNDER RBIA ACT 1934. THE 3 COMPANIES ARE IFCI , IDBI AND THE LAST BUT NOT THE LEAST RELIANCE ADAG GROUP COMPANY RELIANCE CAPITAL...


YOUR COMMENT HAVE THE MOST PRIORITIES..

SACHIN TENDULKAR CV

YOU CAN DOWNLOAD IT FROM HERE

http://groups.google.com/group/financerelated/files?edit=1

IMPLICATION OF BUDGET 2010 ON BUSINESS INCOME..

Tax Rates

Tax rate for firms, LLP and companies remain the

same as per last year's budget.

• However surcharge in the case of domestic

company gets reduced from existing 10% to 7.50%

for the Financial Year 2010-2011.

• Similarly surcharge in the case of dividend

distribution tax and minimum alternate tax gets

reduced to 7.50 %.

MAT

• Minimum Alternate Tax (MAT) rate has been

increased from 15 % to 18 %. Rate of MAT for the

company on the basis of profit will be as under:-

- Book Profit exceeds Rs. 1.00 crore - 19.93%

- Book Profit upto Rs. 1.00 Crore - 18.54%

Deemed Gift

• Taxation of deemed gift has been introduced. If a

company/ firm acquires shares of other unlisted

company for inadequate consideration or without

consideration and aggregate fair market value

exceeds Rs. 50,000/. This provision will apply w.e.f.

1 June 2010.st

Non Residents

• It is proposed to expand the scope of taxation of

non residents.

• If a non resident earns interest , royalty or technical

fees, it will be deemed to accrue or arise in India,

whether or not services are rendered in India or

outside India.

• This amendment is introduced to nullify the impact

of judicial ruling in favour of assesee and is to be

applied retrospectively from FY 1976-77.

• This provision will also have implication in case of

TDS on payment to non resident

Depreciation

• It is proposed that the company and LLP will

apportion the depreciation allowable under the Act

in the ratio of number of days for which assets were

used by them in case of conversion of private

limited or public unlisted company to LLP as per the

amended provisions of Act.

• Further WDV of assets in case of such LLP will be

WDV of assets of company before such conversion.

• LLP can claim the benefit of unabsorbed brought

forward loss and depreciation in case of conversion

of company.

• However MAT credit gets lapsed in the hand of LLP

in case of conversion of company.

Research

• Deduction of amount paid to research association is

proposed to be enhanced to one and three

fourth time of sum paid as against existing of one

and one fourth time of sum paid.

• For specified businesses i.e. pharmaceutical,

chemical computers, who incur expenditure on

scientific research, the weighted deduction to the

extent of two time of the amount spent will be

allowed as against existing one and one half time of

amount spent.

Hotel

• A person will be allowed to claim deduction of

expenditure of capital nature incurred on a new

hotel of two star and above category.

• The expenditure will be allowed in the year in which

hotel commence the operation and entire capital

expenditure incurred prior to commencement of

hotel will be eligible for deduction.

• However the assessee will not be able to claim any

other deduction in any other assessment year.

Capital gain on conversion to LLP

• It is proposed that conversion of private limited or

public unlisted company to limited liability

partnership will not result into transfer and capital

gain on such conversion will not attract tax.

• However this clause is non starter since condition

attached with such exemption is rigorous i.e. sales

of company in preceding three year should not

exceed 60 lacs, partners can not withdraw any

money out of balance of accumulated profit

standing in the accounts on the day of conversion,

partners can not receive any consideration / benefit

directly or indirectly from LLP after conversion

during the existence of LLP etc.,
Tax Audit

• It is proposed to increase the threshold limit for the

requirement of Tax Audit.

• Now Professionals are required to get the tax audit

done if gross receipts exceeds Rs. 15. 00 Lacs and

other business entity requires to get the tax audit

done if turnover exceeds Rs. 60 Lacs.

• However penalty for non compliance of tax audit

provision will attract maximum penalty of Rs. 1.50

Lacs in place of existing penalty of Rs. 1.00 lacs.

Housing Project

• Deduction for housing project approved after

1 April 2005 will be allowed in case project getsst

completed within five year from the end of financial

year in which first approval was granted after

1/4/2005 .

• However commercial area is now restricted to 3%

of total built up area in place of existing 5% of built

up area or 5000 Sq. ft which ever is higher is

specified for claim of deduction u/s 80IB (10) of the

Act.

Valuation of Property

• Now department can refer the valuation of property

for determination of value of gift in case of transfer

of property without consideration or inadequate

consideration to valuation officer during the course

of scrutiny assessment proceeding.

BLOCK DEAL

DEAR FRIENDS AND FOLLOWERS I WOULD LIKE TO TELL U ALL THAT YESTERDAY DAIMLER GROUP HOLDING 5.27% SHARES OF TATA MOTOR HAS SELL OF NEAR ABOUT 2.97 CRORE SHARE IN THE MARKET AND CITI AND TATA SONS BOTH BUY THOSE 2.97 CRORE SHARE FROM DAIMLER GROUP. ITS HAS BEEN SAID THAT THE DAIMLER GROUP HOLD THOSE SHARES FOR PAST 57 YEARS AND NOW THAT PARTNERSHIP HAS BEEN FINISHED. AND THEY SAID TATA BYE BYE TO EACH OTHER. TATA MOTOR 1 OF THE LARGEST AUTOMOBILE COMPANY BY VOLUME .

WOMEN BILL GOT PASSED IN RAJYA SABHA BY 186 IN YES AND 1 IN AGAINST

Prime Minister Manmohan Singh said the historic women's reservation bill set to pass in the Rajya Sabha on Tuesday was "a historic step forward" for the emancipation of the Indian women.

"This is a momentous development in the long journey of empowering our women," he said at the end of a lively debate on the bill that reserves a third of all seats in parliament and state assemblies for women.

"The bill that is going to be passed today is a historic step forward, a giant step forward in strengthening the process of emancipation (of women)," he said, drawing thunderous applause.

Speaking extempore, Manmohan Singh said that despite the many progress achieved by women in India, "we have also to recognise that ... our women have faced enormous difficulties..."

"Our women faced discrimination at home, there is domestic violence, they face discrimination in equal access to education, healthcare, there are all these things. All these things have to end if India were to realise its full potential."

He went on: "What we are going to enact today is a small token of homage to the sacrifices our women have made in nation building, in the freedom struggle, in all other nation building activities."

The prime minister admitted that some members had reservations about the bill.

"They would have liked some recognition of the disabilities of the minorities, the disabilities of backward classes, of Scheduled Castes and Scheduled Tribes.

"I do recall and I do recognise that our minorities have not got adequate share of the fruits of our development. Our government is committed to work sincerely for the empowerment of our minority communities."

He underlined that the proposed legislation was "not an anti-minority bill, it is not an anti-Scheduled Caste bill, anti-Scheduled Tribes bill."

"It is a giant step forward, it is a historical occasion which calls for celebrations."

The prime minister also expressed "deep sorrow" and apologised to Rajya Sabha Chairman Hamid Ansari for the "disrespect shown to you" by MPs ranged against the women's reservation bill.

"I owe you a profound apology for the disrespect shown to you. These things should never have happened. They have happened, and we have to reflect how to we have to streamline our functioning in future so that these things don't take place," he said.

Although he did not name any political party, he was referring to the noisy and unruly protests by members of the Samajwadi Party and Rashtriya Janata Dal in particular, some of whom snatched the bill from Ansari Monday, tore it up and flung the pieces at him.

On Tuesday, a disgusted Ansari suspended seven MPs, who were thrown out of the house by marshals for the debate to begin.

In the same breath, Manmohan Singh acknowledged the role played by "all political parties whose cooperation has made it possible for us to enact this historic legislation".

MERGER AND AQUISITION

THERE ARE SEVERAL MERGERS AND AQUISTION TAKING PLACE IN INDIA INC. THE COMPANY WILL ARE LEADING ARE ESSAR STEEL LIKELY TO TAKE OVER 1 FORIEGN STEEL COMPANY FOR AROUND 500 MILLION US $. THEN WE HAVE TANLA SOLUTION.MORE NAME WILL FOLLOW.

Sunday, March 7, 2010

NOT LATEST BUT REAL

THE BIDDING PROCESS HAS BEEN CANCELLED.. AND THE POST WHICH HAS BEEN POSTED YESTERDAY REMAIN AND GOES DOWN IN THE DARK.
FROM THE MOUTH OF LALIT K MODI-
We got letters from many companies saying they wanted to bid. But could not due to 1 billion net worth criteria.


NEW DATE FOR THE FRESH TENDER FOR 2 IPL TEAM ARE

9TH MARCH - SALE AND DITRIBUTION OF FRESH TENDER DOCUMENTS FROM WANKHADE STADIUM OFFICE AT 10.00AM IST
21ST MARCH - SUBMISSION BY 10.AM
21ST MARCH - ANNOUNCING WINNING BID BY AT 11.AM PLACE CHENNAI.


REPLY NEEDED GUYS FOR MOTIVATION..

Saturday, March 6, 2010

Aamir Khan Marks Record Breaking Inning Of Rs 35 Cr Ad Deal

May be personal set back must have bogged down Aamir Khan but success seems to be much in his favor. Currently he has hit a jackpot of Rs 35 crore deal for an ad contact. The actor of ’3 Idiots’ fame has signed a contract with a UAE-based telecommunications service provider as their brand ambassador for a cool sum of 35 crore.

He has been listed as the top brand ambassador among the other celebrity figures of Bollywood, surpassing even the icons like Amitabh Bachchan and Shah Rukh Khan by hitting an unbelievable jackpot of Rs 35 crore deal for an ad. Previously, any famous celebrity would not bag an endorsement deal of more than Rs. 15-crore.

This brand endorsement deal with the UAE which the noted actor made is for a two-year contract. According to its term, Aamir will have to make himself available for an allotted number of media shoots, press advertisements and personal appearances.

In reaction to this surprising news the advertisement guru Prahlad Kakkar, who directed Aamir’s first cola commercial stated this is a hell lot of money which the actor had received in comparison to his Rs 17 lakh for Coca Cola ad in 1993.

The plus point about this actor is that Aamir brings a great degree of single-minded exclusivity to a brand, Prahlad added, “That is a hell of a lot of money to pay. He has indeed come a long way. But it isn't surprising; he brings a great degree of single-minded exclusivity to a brand. Associating with Aamir is also a plus for the product in another sense because he is very particular about the script, his own image and the image of the product he endorses.

IPO ALERTS


Incorporated in 1958, NMDC Ltd is a fully Government of India owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India. NMDC involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

NMDC is the India's single largest iron ore producer and exporter, presently producing about 30 million tons of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State) which are awarded ISO 9001-2000 certification. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 lakh carats / annum at Panna ( Madhya Pradesh State ). Apart from iron ore NMDC is developing Magnesite mine in Jammu and Arki Lime Stone Project in Himachal Pradesh.

In the past, NMDC had developed many mines like Kiriburu, Meghataburu iron ore mines in Bihar , Khetri Copper deposit in Rajasthan, Kudremukh Iron Ore Mine in Karnataka, Phosphate deposit in Mussorie, some of which were later handed over to other companies in public sector and others became independent companies.

Issue Detail:

»» Issue Open: Mar 10, 2010 - Mar 12, 2010
»» Issue Type: 100% Book Built Issue FPO
»» Issue Size: 332,243,200 Equity Shares of Rs. 1
»» Issue Size: Rs. [.] Crore
»» Face Value: Rs. 1 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE

IPO ALERTS


Incorporated in 2007, DQ Entertainment (International) Limited is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. They are a producer, co-producer and global distributor of TV series, direct-to-home videos and feature films. DQ Entertainment is also creators of game art for online, mobile and next-generation consoles. They have forayed into production and distribution of live action television and feature films.

DQ Entertainment with its Production, Sales, Licensing and Distribution centers in Hyderabad, Chennai, Mumbai, Kolkata, Manila, Ireland, Paris, Los Angeles and Japan with work force of 3500+(2788 permanent employees and 712 freelancers and trainees).

Company Promoters:
The individual promoters of the Company are:

1. Mr. Tapaas Chakravarti is the Chairman, Managing Director and Chief Executive Officer.
2. Ms. Rashmi Chakravarti is the Executive and Non-Independent Director.
3. Mr. Kunchithapadam Balasubramanian is the Non-executive and Independent Director.
4. Mr. Girish Kulkarni is the Non-Executive and Non-Independent Director.

Company Financials:
Particulars For the year/period ended (Rs.in Millions)
31-Mar-09 31-Mar-08
Total Income 1,509.08 945.73
Profit After Tax (PAT) 161.50 70.09

Objects of the Issue:
The object of the issue are to:

1. Investment in co-production agreements, focusing on IP content creation;
2. Development of office premises and production facilities; development of infrastructure and additional facilities at the SEZ Unit, Kokapet Village, Rangareddy District, Andhra Pradesh;
3. Investment in subsidiary, DQ Entertainment(Ireland) Limited; and
4. General corporate purposes.

Issue Detail:

»» Issue Open: Mar 08, 2010 - Mar 10, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 16,048,011 Equity Shares of Rs. 10
»» Issue Size: Rs. 120.36 - 128.38 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 75 - Rs. 80 Per Equity Share
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Listing At: BSE, NSE
DQ Entertainment (International) Ltd IPO Grading / Rating

Fitch has assigned an IPO Grade 3 to DQ Entertainment (International) Ltd IPO. This means as per Fitch, company has 'Average Fundamentals'. Fitch assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Fitch IPO Grading Document for DQ Entertainment Ltd

Check IPO Ratings from other stock analysts.

lates buzz in the market

THE LATEST BUZZ IN THE MARKET IS THAT THE IPL 2010 THE BIDDING FOR 2 NEW TEAM HAS GOT THE RESULT EXCLUSIVE (OFFICIALLY TO BE DECLARED TOMORROW). THE 2 TEAMS ARE AHMEDABAD AND PUNE. AND THE PROBABLE WINNERS ARE VIDEOCONS MD AND CHAIRMAN VENUGOPAL DHOOT AND ANDANI ENTERPRISES MD AND CHAIRMAN GAUTAM ADANI

lastest news

news is that zee tv in talk with 9zx for possible buyout for near about Rs.52 - Rs.100 cr.. 9x is being promoted Ms Indrani Mukerjea and Mr Peter Mukerjea, a private equity (Temasek Holdings Pte and New Silk Route Advisors and New Vernon Private Equity) amongs the others.

Wednesday, March 3, 2010

WISHING KARUN CHANDHOK

HEY GUYS ITS A LATEST NEWS THAT 2ND INDIAN IS ALL SET TO RACE FOR 1 OF THE TEAM WHETHER IT IS CAMPOS META OR STEFAN GP THIS YEAR. BUT THIS IS TRUE THAT FOR THE VERY 1ST TIME ALL INDIAN WILL C THE INDIAN F1 TEAM (FORCE INDIA ) AND A INDIAN DRIVER (KARUN CHANDHOK ) BOTH AT THE SAME TIME ON THE FORMULA 1 GRID. SO I ON BEHALF OF EVERY FORMULA1 FAN WHO WANTS TO C INDIAN ON GRID WISHING U ALL THE BEST ... WE HOPE U WILL MAKE IT TO THE GRID.

SOURCES:
http://news.bbc.co.uk/sport2/hi/motorsport/formula_one/8547064.stm

IMPORTANT NEWS

VERY SOON I WILL MAKE A WEBSITE PARTICULARLY FOR THE FINANCE GUYS AND MANAGERS AND THAT SITE WILL CARTER EACH AND EVERYTHING ON THAT. AND SAME WILL BE DONE HERE BUT I AM GETTING PROBLEM REGARDING SOME THING S SO I M LOOKING FOR ALTERNATIVE RESOURCE AND PLZ BEAR WITH ME GUYS....

THANKS A LOT.. COMMENTS WILL ALWAYS BE APPRECIATED...

NEW TAX RATES FOR INDIVIDUAL AND CORPORATES

Individual


Existing

Proposed

From Rs.1,60,001 to Rs 3,00,000 -10%

From Rs.1,60,001 to Rs 5,00,000 -10%

From Rs.3,00,001 to Rs 5,00,000 -20%

From Rs.5,00,001 to Rs 8,00,000 -20%

Above Rs.5,00,000 -30%

Above Rs.8,00,000 -30%

  • Additional investment of Rs 20,000 in infra bonds over and above Rs 1 lakh in 80C.
  • Enhance tax audit limits for professionals to Rs 15 lakh

Corporate


  • Reduces current surcharge of 10% on domestic comp to 7.5%
  • Peak excise duty hiked from 8% to 10%
  • Weighted deduction from 150% to 200% for in-house R&D
  • Limits for turnover for purpose of presumptive taxation of small business enhanced to Rs 60 Lakhs

Tuesday, March 2, 2010

document related to 3g auction

hi reader i m attching the file which includes the document related to the 3g auction .. plz download if u r intersted in it from the below link .

http://groups.google.com/group/financerelated

dont forget to comment on this. ur comment and feed back are appreciated and the motivating factor for me..... mind it Rakesh Jain is not my real Name. I wish to be annonymous. wish u luck today.

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