- Author: Lalitha
- Filed under: Budget
- Date: Feb 29,2008
Tagged with:
budget_2008 •
retail_budgetComing year there is a tax releif of 44000 – which can be invested or spent
Any male earning up to Rs 5 lakh a year will save Rs 44,000 as the tax percentage on a total as come down by 11 percent.
>For women, the difference is Rs 43,500 per annum.
>For senior citizens it is up to Rs 39,500 per annum.
>If you are buying medical insurance for your parents you get additional deduction upto 15000 added to the 100000 deduction that you have.(Section 80D )
|
Income
|
Old Tax
|
New Tax
|
| Rs 2,50,000 (14,000) |
Rs 24,000 |
Rs 10,000 |
| Rs 5,00,000 (45,000) |
Rs 1,00,000 |
Rs 55,000 |
| Rs 7,50,000 (44,000) |
Rs 1,74,000 |
Rs 1,30,000 |
| Rs 10,00,000 (45,000) |
Rs 2,49,000 |
Rs 2,05,000 |
- Author: Lalitha
- Filed under: Budget
- Date: Feb 29,2008
Tagged with:
Budget •
budget_2008Budget 2008 Highlights updated every 30 minutes. (Source BSEINDIA)
Budget Speech ends.
Central sales tax cut to 2% from 3%. FM’s Direct Tax (personal income tax) proposals to be revenue neutral. Indirect tax proposals to result in loss of Rs 5,000 crore.
Banking cash transaction tax withdrawn from April 1, 2009.
Commodities Transaction Tax to be introduced on the lines of Securities Transaction Tax.
Five year tax holiday for promoting cultural tourism.
Five year tax holiday for setting up hospitals in tier II and tier III regions for providing healthcare in rural areas from April 1, 2008.
Fresh facilities, encouragement to sports and guest houses exempted from Fringe Benefit Tax.
COMMODITIES TRANSACTION TAX IMPOSED AT THE SAME RATE AT THE STT
For women, the income tax limit goes up from Rs 1.45 lakh to Rs 1.80 lakh. In case of senior women citizens, it increases from Rs 1.95 lakh to Rs 2.25 lakh.
Securities Transaction Tax is a deductible expenditure from now on
New tax slabs will be: 10 per cent for Rs 1,50,000 to Rs 3,00,000, 20 per cent for Rs 3,00,000 to Rs 5,00,000 and 30 per cent above Rs 5,00,000.
Short term capital gains tax increased to 15%
Asset management service under mutual funds, services by stock exchanges to be brought under Services Tax net.
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Tagged with:
aban_offshore •
order newsAban Offshore Ltd has informed the market that they had been awarded project for 3 well contract offshore Myanmar, for the jack-up drilling rig Deep Driller 5 by PTTEP International Ltd . The Execution time is 4 months.The contract is worth around USD 25 million.
- Author: Lalitha
- Filed under: Engineering
- Date: Feb 28,2008
Tagged with:
order news •
subash_projectsSubhash Projects informed the market that they had been awarded almost 6 projects worth around 272.68 crore from Bangalore Electricity Supply Company.
Tagged with:
gammon •
gammon_infra •
Gammon_infra_ipo •
IPO •
ipo_openingGammon India Ltd has informed the market that Gammon Infrastructure Projects Ltd (GIPL), a subsidiary of the Company, has filed the Red Herring Prospectus with the Registrar of Companies, Maharashtra in connection with its ‘Initial Public Offer’ of 1,65,50,000 equity shares of the face value Rs 10/- each, comprising a net issue of 1,48,95,000 equity shares to the public and a reservation of 16,55,000 equity shares for eligible employees.
Gammon Infrastructure Projects IPO
Price band being Rs 167/- to Rs 200/-.
Issue opens from March 10, 2008 to March 13, 2008.
- Author: Lalitha
- Filed under: Mutual Fund
- Date: Feb 28,2008
Tagged with:
mutual_fund •
mutual_fund_warningThink its all over the world if you come across a mutual fund advertisement , you would have seen before the ad finishes you would have a heard a very fast warning statement which not even the person who is saying can follow or understand , Now the Securities and Exchange Board of India (SEBI) has asked mutual fund companies to increase by three seconds the duration of standard warning on investment risks, beamed in television and radio.We will see we can understand it now , Three seconds doesn make any difference , its just more income for advertisement company for increase in seconds .
- Author: Lalitha
- Filed under: IPO
- Date: Feb 28,2008
Tagged with:
hdfc_standard •
hdfc_standard_life_ipoI saw some info on cnbc that HDFC standard Life might be looking for IPO option to raise funds , if thats true then i think that would be the first company to raise money to fund their Insurance Business .More info on HDFC Standard Life IPO if it really happens.
Tagged with:
IPO •
ipo_listing •
manjushree_extrusionManjushree Extrusion to list in the market from Thursday , Feb 28th 2008 , which is today.
Issue Price: Rs 45/-
The stock price can be tracked here , Manjushree Extrusion stock price.
- Author: Lalitha
- Filed under: IPO, SEBI
- Date: Feb 28,2008
Tagged with:
allotment_complaint •
investors •
ipo_complaint •
SEBISo many people have requested asking when will i get the ipo refund money when will i get my allotments for some IPO which would be almost listing in the market for 2 months or so , this is the link where you can lodge complaint over the company and they will be registered with sebi in turn that should be answered by the company , so please use this link to do the same .
Investor Grievance submission form to sebi.
- Author: Geetha
- Filed under: Bonus
- Date: Feb 27,2008
Tagged with:
cg_impexCG Impex Board to consider Bonus Issue on the meeting thats going to be held on March 4th 2008, they are also decide to increase Authorized Share Capital of the Company.More info on the bonus info will be out on March 4th 2008.
Tagged with:
Budget •
budget_2008_2009 •
gemsYesterday we saw some stocks that really benefit from Raiulway budget today , even before the Budget i have some recommendations like in the Gems and Jewels section , almost every analyst are looking for a Excise Duty cut for Gems and Jewels , So if thats the case that will increase the Revenue by reducing the spendings , these stocks will benefit from any measure like that.
Just did some analysis and these stocks look good fundamentally also
Classic Diamonds (B1) 80.75
Gitanjali Gems (B1) 302.35
Shrenuj & Co (B1) 51.80
Su-RajDiamonds&Jewel (B1) 64.30
Suashish Diamond (B1) 245.05
Flawless Diamond (B2) 75.35
Golkunda Diamond (B2) 15.35
Rajesh Exports L (B2) 120.45
Shyam Star Gems (B2) 116.80
- Author: Geetha
- Filed under: Technology
- Date: Feb 27,2008
Tagged with:
acd_system •
kernex •
order newsKernex Microsystem which saw some limelight yesterday in Railway budget where by Honourable Minister Mr Lalu said that the ACD project will be extended to cover entire Indian Railway network in a phased manner and in the next two years. ACD system will be installed and commissioned in Southern, South Central and South Western Railways.Kernex Microsystem informed that the system they had put in like 1750 KM.s was found satisfactory by the Railyways.They are also waiting fro some projects from kenya.
Tagged with:
bgr_energy •
order news BGR Energy Systems Ltd which floated the IPO Previous year has informed the market that they received a Letter of Intent from Andhra Pradesh Power Generation Corporation Ltd saying they have awarded a contract for Rs 7930 Million for Design, Engineering, Manufacture, Procurement, Supply, delivery, testing at manufacturer’s works, transportation to the site, storage, construction, erection, testing at site and commissioning of Balance of Plant including Civil works for the 500 MW Kothagudem Stage.The project has to be excuted in 26 months , the last qtr sales was like 360 crore or so , the total order in hand now is like 3700 crore.
Tagged with:
ge_shipping •
order news GE Shipping has good raise in the stock price today after it informed the market that they have received two contracts to sell two of its its double hull Medium Range (MR) product tankers ‘Jag Panna’ (37,145 dwt) & ‘Jag Payal’ (37,159 dwt). The vessels will be delivered to the buyers during Q1 FY 2010.This is good news for the company that will help in increase fo revenue.
Tagged with:
aggrement •
shasun_chemicalsShasun Chemicals & Drugs Ltd saw some movement in the price today after it informed the market that they have entered into a non-exclusive licensing agreement with Merck & Co., Inc.This will bring more business from Merck.
- Author: Lalitha
- Filed under: india
- Date: Feb 27,2008
Tagged with:
nitin_fire •
order newsNitin Fire Protection which started raising yesterday as Mr Lalu proposed to get all type of fire proctection system to the trains , which means more business for Nitin Fire , They raised today also as they informed that the Company has received approval from Loss Prevention Certification Board of UK for their Ozone Friendly Gaseous Fire Suppression Systems for National and International Market.It has received orders for supply of CNG cascades to Indraprastha Gas Ltd for Delhi and Central UP Gas Ltd for Kanpur and Bareilly City Gas distribution project.
- Author: Lalitha
- Filed under: Reliance
- Date: Feb 26,2008
Tagged with:
adag •
buy_back •
reliance_energyReliance Energy Ltd was up by 4.5 percent after the company informed the market that a meeting of the Board of Directors of the Company will be held on March 05, 2008, inter alia, to consider, buy back of equity shares of the Company.Reliance energy might see some upward movement until march 5th 2008.
Tagged with:
era_infra •
order newsEra Infra Engineering Ltd informed the market that the Company’s Construction andContract division, in joint venture with KMB, Ukraine has been awarded the work of “Expansion and Modification to Terminal Building for International Operation at C E Pune” by “Air Ports Authority of India” .The value of the project is “Rs 77,91,57,986″. The Execution time is 7.5 months.
- Author: Lalitha
- Filed under: Budget
- Date: Feb 26,2008
Tagged with:
Budget •
railway_budgetToday the Railway Budget was presented and the Railways have a cash surplus of Rs 25000 crore in FY08. Its operating ratio is at 76%. Its work force stood at 14 lakh workers in FY08. The Minister informed that reduced fares increased volumes and profits.
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- Author: Lalitha
- Filed under: DRHP, IPO, SEBI
- Date: Feb 26,2008
Tagged with:
DRHP •
godrej_properties •
IPO •
SEBIGodresj industries is up by 5 percent and have hit upper circuit after the Adi Godrej informed cnbc that they are going to file for DRHP woth SEBI for Godrej Properties IPO , they are planning to dilute 10 % stake through Godrej Properties IPO
Tagged with:
book_closure •
Dividend •
record_dateDividend declared for Feb 25th 2008 and record dates for the same
| 500002 |
ABB Ltd. |
BC |
28-05-2008 |
110% Dividend |
| 500680 |
Pfizer Ltd., |
|
|
275 % Dividend |
| 506803 |
Fulford (India) Ltd |
|
|
40 % Dividend |
| 511389 |
Videocon Industries Ltd. |
BC |
18-03-2008 |
35% Dividend |
| 523618 |
Dredging Corporation of India Ltd., |
RD |
10-03-2008 |
75% Int Dividend |
| 532408 |
Megasoft Ltd. |
BC |
01-06-2008 |
12 % Dividend |
| 532430 |
BF Utilities Ltd. |
BC |
25-03-2008 |
A.G.M. |
| 532734 |
GODAWARI POWER AND ISPAT LTD. |
RD |
11-03-2008 |
Interim Dividend |
- Author: Subramanian
- Filed under: Bank
- Date: Feb 25,2008
Tagged with:
centurion-bank_of_punjab •
hdfc_bank •
mergerCenturion Bank of Punjab today declined by 14.45% to Rs 48.25 , it opened at 50 ad touched a high of 53 , This is in reaction to the news that HDFC Bank set the merger ratio of Centurion Bank of Punjab with itself at 1:29.
Tagged with:
jubliant_organosys •
pharma_industryJubilant Organosys Ltd informed the market that it has bagegd new contracts worth US $ 92 million for its Proprietary Products and Exclusive Synthesis segment under CRAMS business for the present calendar year (CY 2008).
Tagged with:
homcourt •
rega_realty •
serviced_apartmentRegaliaa Realty announced the market that its first Serviced Apartment Complex located in the central business district of Chennai — Nungambakkam High Road with a total built up area of 15,000 sq.ft. has opened up for Guests on February 23, 2008.
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