|Size and Weight3|
|Height: 4.5 inches (115.2 mm)|
|Width: 2.31 inches (58.6 mm)|
|Depth: 0.37 inch (9.3 mm)|
|Weight: 4.9 ounces (140 grams)|
|Cellular and Wireless|
|UMTS/HSDPA/HSUPA (850, 900, 1900, 2100 MHz);|
|GSM/EDGE (850, 900, 1800, 1900 MHz)|
|CDMA EV-DO Rev. A (800, 1900 MHz)4|
|802.11b/g/n Wi-Fi (802.11n 2.4GHz only)|
|Bluetooth 4.0 wireless technology|
|3.5-inch (diagonal) widescreen Multi-Touch display|
|960-by-640-pixel resolution at 326 ppi|
|800:1 contrast ratio (typical)|
|500 cd/m2 max brightness (typical)|
|Fingerprint-resistant oleophobic coating on front and back|
|Support for display of multiple languages and characters simultaneously|
|Camera, Photos, and Video|
|Tap to focus|
|Face detection in still images|
|Video recording, HD (1080p) up to 30 frames per second with audio|
|Front camera with VGA-quality photos and video at up to 30 frames per second|
|Photo and video geotagging|
|External Buttons and Connectors||External Buttons and Controls|
|Connectors and Input/Output|
|Power and Battery5|
|Built-in rechargeable lithium-ion battery|
|Charging via USB to computer system or power adapter|
|Talk time: Up to 8 hours on 3G, up to 14 hours on 2G (GSM)|
|Standby time: Up to 200 hours|
|Internet use: Up to 6 hours on 3G, up to 9 hours on Wi-Fi|
|Video playback: Up to 10 hours|
|Audio playback: Up to 40 hours|
|Audio Playback||Frequency response: 20Hz to 20,000Hz|
|Audio formats supported: AAC (8 to 320 Kbps), Protected AAC (from iTunes Store), HE-AAC, MP3 (8 to 320 Kbps), MP3 VBR, Audible (formats 2, 3, 4, Audible Enhanced Audio, AAX, and AAX+), Apple Lossless, AIFF, and WAV|
|User-configurable maximum volume limit|
|TV and Video||AirPlay Mirroring to Apple TV support at 720p|
|Video mirroring and video out support: Up to 1080p with Apple Digital AV Adapter or Apple VGA Adapter (adapters sold separately)|
|Video out support at 576p and 480p with Apple Component AV Cable; 576i and 480i with Apple Composite AV Cable (cables sold separately)|
|Video formats supported: H.264 video up to 1080p, 30 frames per second, High Profile level 4.1 with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats; MPEG-4 video up to 2.5 Mbps, 640 by 480 pixels, 30 frames per second, Simple Profile with AAC-LC audio up to 160 Kbps per channel, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats; Motion JPEG (M-JPEG) up to 35 Mbps, 1280 by 720 pixels, 30 frames per second, audio in ulaw, PCM stereo audio in .avi file format|
|Apple Earphones with Remote and Mic|
|Frequency response: 20Hz to 20,000Hz|
|Impedance: 32 ohms|
|Mail Attachment Support||Viewable Document Types|
|.jpg, .tiff, .gif (images); .doc and .docx (Microsoft Word); .htm and .html (web pages); .key (Keynote); .numbers (Numbers); .pages (Pages); .pdf (Preview and Adobe Acrobat); .ppt and .pptx (Microsoft PowerPoint); .txt (text); .rtf (rich text format); .vcf (contact information); .xls and .xlsx (Microsoft Excel)|
|Ambient light sensor|
|System Requirements||Mac System Requirements|
|Mac computer with USB 2.0 port|
|OS X v10.5.8 or later|
|iTunes 10.5 or later (free download from www.itunes.com/download)|
|Apple ID (required for some features)|
|PC System Requirements|
|PC with USB 2.0 port|
|Windows 7; Windows Vista; or Windows XP Home or Professional with Service Pack 3 or later|
|iTunes 10.5 or later (free download from www.itunes.com/download)|
|Apple ID (required for some features)|
|Environmental Requirements||Operating temperature: 32° to 95° F (0° to 35° C)|
|Nonoperating temperature: -4° to 113° F (-20° to 45° C)|
|Relative humidity: 5% to 95% noncondensing|
|Maximum operating altitude: 10,000 feet (3000 m)|
|English (U.S.), English (UK), Chinese (Simplified), Chinese (Traditional), French, German, Italian, Japanese, Korean, Spanish, Arabic, Catalan, Croatian, Czech, Danish, Dutch, Finnish, Greek, Hebrew, Hungarian, Indonesian, Malay, Norwegian, Polish, Portuguese, Portuguese (Brazil), Romanian, Russian, Slovak, Swedish, Thai, Turkish, Ukrainian, Vietnamese|
|English (U.S.), English (UK), Chinese – Simplified (Handwriting, Pinyin, Wubihua), Chinese – Traditional (Handwriting, Pinyin, Zhuyin, Cangjie, Wubihua), French, French (Canadian), French (Switzerland), German (Germany), German (Switzerland), Italian, Japanese (Romaji, Kana), Korean, Spanish, Arabic, Bulgarian, Catalan, Cherokee, Croatian, Czech, Danish, Dutch, Emoji, Estonian, Finnish, Flemish, Greek, Hawaiian, Hebrew, Hindi, Hungarian, Icelandic, Indonesian, Latvian, Lithuanian, Macedonian, Malay, Norwegian, Polish, Portuguese, Portuguese (Brazil), Romanian, Russian, Serbian (Cyrillic/Latin), Slovak, Swedish, Thai, Tibetan, Turkish, Ukrainian, Vietnamese|
|Dictionary Support (enables predictive text and autocorrect)|
|English (U.S.), English (UK), Chinese (Simplified), Chinese (Traditional), French, French (Canadian), French (Switzerland), German, Italian, Japanese (Romaji, Kana), Korean, Spanish, Arabic, Catalan, Cherokee, Croatian, Czech, Danish, Dutch, Estonian, Finnish, Flemish, Greek, Hawaiian, Hebrew, Hindi, Hungarian, Indonesian, Latvian, Lithuanian, Malay, Norwegian, Polish, Portuguese, Portuguese (Brazil), Romanian, Russian, Slovak, Swedish, Thai, Turkish, Ukrainian, Vietnamese|
|English (U.S., UK, and Australian), French, German|
|In the Box|
|Apple Earphones with Remote and Mic|
|Dock Connector to USB Cable|
|USB Power Adapter|
Wipro announced little better than expected results and and stocks soared because of that , the Company has posted a net profit of Rs. 10639 million for the quarter ended December 31, 2011 as compared to Rs. 12239 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 67876 million for the quarter ended December 31, 2010 to Rs. 85156 million for the quarter ended December 31, 2011. revenue in the third quarter was up 28% from a year ago to Rs 9,997 crore.Net profit for October-December rose 10% year-on-year to Rs 1,456 crore.
Wipro 20122 December Quarter Results.
|Reliance Telecom is planning to raise more than 7600 crore may be to put it in dollars 1.5 million dollars but not here in inidan market but in a Singapore listing , its planning to list its submarine cable assets, said a person with knowledge of the matter.This is their in all the news now ,they are planning to sell 75 per cent of Reliance Globalcom Ltd’s Flag Telecom unit in the first half of this year in an initial public offering (IPO) , which would the valuation of the company up to $2 billion, One more thing is Flag Telecom would be listed as a so-called business trust.|
Highest Paid Deposit As on January 2012 -Senior Citizen and Normal Rate
|Institution||Duration||Rate||Senior Citizen||Deposit Amount Restrictions|
|Lakshmi Vilas Bank (LVB)||1 year-2 years||10.5||10.75|
|Tamilnad Mercantile Bank (TMB)||1 year-2 years||10.25||10.5||Must be atmost Rs. 1 crore|
|Catholic Syrian Bank (CSB)||375 days-990 days||10.1||10.6||Must be atmost Rs. 50 lakhs|
|City Union Bank (CUB)||1 year-3 years||10||10.25||Must be atmost Rs. 1 crore|
|Development Credit Bank (DCB)||540 days||10||10.5||Must be atmost Rs. 1 crore|
|Karur Vysya Bank (KVB)||1 year-2 years||10||10.5|
|Ratnakar Bank||1 year-2 years||10||10.5||Must be atmost Rs. 1 crore|
|Dhanalakshmi Bank (Dhanalaxmi Bank)||500 days||9.75||10.25||Must be atmost Rs. 15 lakhs|
|Federal Bank||1 year||9.75||10.25||Must be atmost Rs. 1 crore|
|Karnataka Bank||1 year-2 years||9.75||10.25||Must be atmost Rs. 5 crores|
|Oriental Bank Of Commerce (OBC)||1 year-2 years||9.75||10.25||Must be atmost Rs. 1 crore|
|Punjab and Sind Bank (PSB)||500 days||9.75||10.25||Must be atmost Rs. 1 crore|
|South Indian Bank (SIB)||1 year-2 years||9.75||10.25||Must be atmost Rs. 1 crore|
|State Bank Of Patiala (SBP)||555 days||9.75||10.25||Must be atmost Rs. 1 crore|
|Corporation Bank (CorpBank)||1 year||9.65||10.1||Must be atmost Rs. 15 lakhs|
|Dena Bank||1 year||9.6||10.1||Must be atmost Rs. 1 crore|
|YES Bank||465 days-480 days||9.6||10.1||Must be atmost Rs. 15 lakhs|
|Allahabad Bank||1 year-2 years||9.5||10||Must be atmost Rs. 1 crore|
|IDBI Bank||500 days||9.5||10||Must be atmost Rs. 1 crore|
|Indian Overseas Bank (IOB)||1 year-2 years||9.5||10||Must be atmost Rs. 1 crore|
|IndusInd Bank||400 days||9.5||10||Must be atmost Rs. 1 crore|
|ING Vysya Bank||367 days-500 days||9.5||10||Must be atmost Rs. 1 crore|
|Kotak Mahindra Bank||701 days-2 years||9.5||10||Must be atmost Rs. 15 lakhs|
|Nainital Bank||1 year-2 years||9.5||10||Must be atmost Rs. 15 lakhs|
|State Bank Of Bikaner and Jaipur (SBBJ)||1 year-3 years||9.5||10||Must be atmost Rs. 50 lakhs|
|State Bank Of Hyderabad (SBH)||500 days||9.5||10||Must be atmost Rs. 1 crore|
|State Bank Of Mysore (SBM)||1 year-2 years||9.5||10||Must be atmost Rs. 1 crore|
|State Bank Of Travancore (SBT)||500 days||9.5||10||Must be atmost Rs. 15 lakhs|
|UCO Bank||1 year-2 years||9.5||10||Must be atmost Rs. 5 crores|
Indian Market was down by more than 300 points , Intense selling was seen across all sector , supported by weak cues from global markets mainly european market now . All the sectoral indices were in the negative territory with realty, metals and banks the major under-performing sectors.The European markets opened almost 3 Percent low because of fears of eurozone debt crisis. There are reports that Greece would miss a deficit target set a few months ago.
The 30-share BSE Sensex fell 318.69 points to 16,135.07, and the 50-share NSE Nifty slipped 97.05 points to 4,846.20.
Inflation data was released yesterday and the food inflation for the week ended September 17, reached to 9.13 per cent as against 8.84 a week ago.
L&t finance holdings limited is getting listed on august 12 2011 ,it will be traded with bse scrip code 533519 , the stock had been fixed at 52 rs retail.
Indian shares opened in red and started following the friday trend and it almost fell sharply to a new 14-month low in early trade Monday and still its in red by almost averaging points not less then 450.It just replying to a broad-based sell-off in Asian equities, after a S&P downgrade of U.S. government debt heightened concerns over the growth outlook of the U.S. economy amid fears of a global double-dip recession.The S&P on Friday downgraded the long-term debt rating of the US from AAA to AA+ and continued with its negative outlook. This could lead to some immediate turbulence in financial markets, however, investors are likely to focus on ‘relative’ ratings in their investment decisions.
US market yesterday saw massive crash and All three major markets got into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report.
The CBOE volatility index surged more than 35%.Dow Jones Industrial Average slipped 4.31% or 512.76 points at 11383.68. Nasdaq Composite shed 5.08% or 136.68 points at 2556.39. Standard & Poor’s 500 shed 4.78% or 60.27 points at 1200.07.
It was good news from L&T finance holding , they had their IPO over subscribed by more than 5 times or so and it was heard most of the bidding was near the higher band of 69 still the company has set the IPO price at 52 rs , which is really good for the investors and retailers , have never seen any company doing like this when the subscription was good and also when the subscription was happening at the higher end .
The company was offering 214.51 million shares to raise funds for strengthening its capital base, for lending and for repayment of debt.Before the launch of the public offering, L&T Finance had raised around $36 million from three cornerstone investors including DSP BlackRock, Malaysia’s Khazanah and US private-equity fund Capital International.It had earlier raised $75 million in a pre-IPO share placement to Capital International.
L&T Finance IPO which is closing today as of yesterday evening was totally subscribed by mere 1.22 times or so , its kind of end of month and most probably everyone would get the salary today and not sure how many retailers will apply today ,
Total Issue Size 214508067
Total Bids Received 260779100
Total Bids Received at Cut-off Price 154393700
No. of times issue is subscribed 1.22
On the retail side the IPO has subscribed by 2.21 times .
L&T FINANCE HOLDINGS LIMITED IPO Over subscription details
1 Qualified Institutional Buyers (QIBs) 75382416 53907900 0.72
2 Non Institutional Investors 31617647 15757100 0.50
3 Retail Individual Investors (RIIs) 73774510 163301600 2.21
4 Employees 10204082 5230200 0.51
5 Shareholders 23529412 22582300 0.96
Will keep this updated – Final update please see below – Total it was subscribed by 5.34
L&T FINANCE HOLDINGS LIMITED
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 75382416 145134800 1.93
2 Non Institutional Investors 31617647 195534600 6.18
3 Retail Individual Investors (RIIs) 73774510 709226000 9.61
4 Employees 10204082 15608600 1.53
5 Shareholders 23529412 78940600 3.35
India’s central bank Tuesday took measure that the goveenment failed to make ,it hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting the stage for commercial banks to raise their interest on personal and corporate loans.
The repurchase rate, or the interest levied on short-term borrowing by commercial banks, has been revised to 8 percent from 7.5 percent, while the reverse repurchase rate — the interest on short-term lending — was hiked to 7 percent from 6.5 percent.
L&T Finance Holdings’ initial public offering (IPO) opens for bidding on 27 July 2011. The IPO closes on 29 July 2011. L&T Finance Holdings is a subsidiary of engineering and construction major Larsen & Toubro. The company plans to use the IPO proceeds to repay Rs 345 crore to its parent, enhance its own capital base by infusing Rs 570 crore into the company, and invest Rs 535 crore in L&T Infrastructure Finance.
L&T Finance Holdings on 7 July 2011 raised Rs 330 crore through a private placement of 6 crore equity shares at Rs 55 per share to Capital International of the US.
|L&T FINANCE HOLDINGS LIMITED|
|*Non-Retail investors i.e. QIB,Non-Institutional Investors and L&T Shareholders Bidding for more than 2 lac shall mandatorily use ASBA facility|
|Symbol – Series||LTFH EQ|
|Issue Period||July 27, 2011 to July 29, 2011|
|Post issue Modification Period||July 30,2011|
|Issue Size||Public issue of [.] Equity Shares aggregating upto Rs 12450 million.|
|Issue Type||100% Book Building|
|Price Range||Rs.51 to Rs.59|
|Tick Size||Re. 1/-|
|Market Lot||100 Equity Shares|
|Minimum Order Quantity||100 Equity Shares|
|IPO Grading||IPO GRADE 5|
|Rating Agency||CARE and ICRA|
|Maximum Subscription Amount for Retail Investor||Rs.200000|
|IPO Market Timings||10.00 a.m. to 5.00 p.m.|
|Joint Global Coordinators and Book Running Lead Manager||JM Financial Consultants Private Limited,Citigroup Global Markets India Private Limited,HSBC Securities and Capital Markets (India) Private Limited|
|Book Running Lead Manager||Barclays Securitie s (India) Private Limited,Credit Suisse Securities (India) Private Limited|
|Co Book Running Lead Manager||Equirus Capital Private Limited|
|Syndicate Member||JM Financial Services Private Limited,SMC Global Securities Limited,Karvy Stock Broking Limited,IDBI Capital Market Services Limited|
|Categories*||FI,IC,MF,FII,OTH,CO,IND, NOH, EMP and SHA.|
|No. of Cities with Bidding Centers||66|
|Name of the registrar||Sharepro Services (India) Private Limited|
|Address of the registrar||13 A B, Samhita Warehousing Complex,2nd floor, Sakinaka Telephone Exchange Lane,Andheri – Kurla Road,Sakinaka, Andheri (E), Mumbai ?4 00072|
|Contact person name number and Email id||Mr. Prakash A Khare, Te l: +91 22 6191 5400/412 Fax: +91 22 6191 5444,firstname.lastname@example.org|
The operations are arranged into four business groups, being the Infrastructure Finance Group, the Retail Finance
Group, the Corporate Finance Group and the Investment Management Group. As on March 31, 2011, on a
consolidated basis, we had total gross loans and advances outstanding of Rs 179,431.77 million, and for Fiscal Year
2011, they made total disbursements of Rs 243,415.11 million across our Infrastructure Finance Group, Corporate
Finance Group and Retail Finance Group.
a) Continue to expand the business to include new products and services, as well as entirely new lines of business.
b) Increase the market penetration of their existing products and services
c) Continue to focus on two key Indian growth stories: infrastructure and rural development
d) Develop their financial products distribution business segment.
e) Continue to attract and retain talented professionals
f) Continue to focus on the growth of their retail loan portfolio
a) Diversified and balanced mix of high growth businesses.
b) Strong distribution network, with a presence throughout India
c) Experienced management team and employees with a proven track record of establishing and growing new lines of business
d) High quality loan portfolio comprising the funding of mainly income-generating assets and activities.
e) Good financial and capital position, as well as access to multiple sources of capital
f) Strong parentage and brand equity of L&T
Inflation for june 2011 rises to 9.4% and Inflation figure for April 2011 revised upwards to 9.74% – Sorry RBI you have not done the job right yet , taming of interest rates is not enough yet.India’s WPI based inflation for June 2011 has inched up to 9.44% from 9.06% in May 2011. The inflation for three major sub-groups such primary articles, fuel & power and manufactured products increased to 12.2%, 12.9% and 7.4% in June 2011 from 11.3%, 12.3% and 7.3%, respectively in May 2011. More importantly, the Government has continued to revise provisional figures sharply upwards. The inflation figure for April 2011 has been sharply revised upwards to 9.74% compared to 8.66% reported earlier.
-Inflation for food articles eased to 18.6% from 22.3% in May,while that for food articles was steady at 8.4%.
-Inflation for minerals surged to 27.0% in June from 11.9% in May 2011.
fuel and power group
The inflation for fuel and power group rose to 12.9% in June 2011 from 12.3% in May 2011.
-Inflation for coal and electricity was steady at 13.3% and 1.3%,
-Mineral oils increased to 16.8% in June 2011.
-In mineral oils, the inflation for petrol, diesel and LPG increased to 30.6%, 6.6% and 12.2% during June 2011.
Manufactured products group
Inflation for food products has accelerated to 8.5% in June 2011 from sub-zero level in January 2011.
Chemical products and basic metals also rose slightly to 7.4% and 8.9% in June 2011.
Inflation for machinery & machine tools, textiles and transport equipments eased to 2.9%, 14.7% and 2.2%, respectively in June 2011.
Tata Consultancy Services net profit rose 32.51 Percent to Rs 2062.43 crore in the quarter ended June 2011 compared to Rs 1556.41 crore during the previous quarter ended June 2010. Sales rose 34.36 Percent to Rs 8613.56 crore in the quarter ended June 2011 compared to Rs 6410.95 crore during the previous quarter ended June 2010.
In the consolidated results, the company reported net profit after minority interest of Rs 2414.76 crore in the quarter ended June 2011 compared to Rs 1906.07 crore during the previous quarter ended June 2010. Sales reported to Rs 10797.02 crore in the quarter ended June 2011 compared to Rs 8217.28 crore during the previous quarter ended June 2010.
During the period, the company added 24 new clients and the number of clients in the category of $50 million plus increased from 27 to 33. The company has applied for 411 patents including 69 applied for during the quarter. Till date, the company has been granted 68 patents.
In terms of human resources, TCS continued to hire to support business growth. Lateral hiring accounted for 75 per cent of total hiring in the first quarter.There was a total gross addition of 11,988 people (net of 3,576) taking the total employee strength to 2.02 lakh. In the second quarter, the company expects to hire 17,000-20,000.
Bajaj Finserv net profit declines 1.69% to Rs 12.21 crore in the quarter ended June 2011 compared to Rs 12.42 crore during the previous quarter ended June 2010. Sales declined 11.47% to Rs 25.70 crore in the quarter ended June 2011 compared to Rs 29.03 crore during the previous quarter ended June 2010.
In the consolidated results, net profit reported to Rs 128.73 crore in the quarter ended June 2011 compared to Rs 66.08 crore during the previous quarter ended June 2010. Sales reported to Rs 612.64 crore in the quarter ended June 2011 compared to Rs 123.91 crore during the previous quarter ended June 2010.
Bajaj Finance net profit rises 94.12% to Rs 90.81 crore in the quarter ended June 2011compared to Rs 46.78 crore during the previous quarter ended June 2010. Sales rose 54.13% to Rs 416.35 crore in the quarter ended June 2011 compared to Rs 270.13 crore during the previous quarter ended June 2010.
Sun Pharma Advanced Research Company Ltd informed the company that it is planning to to consider in principle, the issue of equity shares of Re. 1 each of the Company by way of rights issue for
raising the funds for the Company. Further the Company has informed that, as per the agenda of the Committee Meeting,however the Committee shall not decide at the said meeting about the ratio of rights share entitlements, the issue price and the record date for fixing the rights entitlement of shareholders & which shall be decided in due course and accordingly the exchanges shall be informed in due course.
Residency Projects & Infratech Limited has informed the market that its members at the 26th Annual General Meeting (AGM) of the Company which was held on July 09, 2011, inter alia, have approved the following:
1. Declaration of Dividend of Re. 1/- (10%) per equity share.
2. Issue of Bonus Shares in the ratio of one equity share for every four equity shares held.
Infosys informed the market of its Quarter Ended June 30, 2011 Results .
Revenues were `7,485 crore for the quarter ended June 30, 2011;QoQ growth was 3.2%; YoY growth was 20.8%
Net profit after tax was `1,722 crore for the quarter ended June 30, 2011;QoQ decline was 5.3%; YoY growth was 15.7%
Earnings per share (EPS) was `30.14 for the quarter ended June 30, 2011;QoQ decline was 5.3%; YoY growth was 15.7%
26 clients were added during the quarter by Infosys and its subsidiaries
Gross addition of 9,922 employees (net addition of 2,740) for the quarter by Infosys and itssubsidiaries
1,33,560 employees as on June 30, 2011 for Infosys and its subsidiaries
McNally Bharat Engineering Company Ltd has informed the market that the Company have received an order from Hindalco Industries Ltd (Unit: Mahan Aluminium) for Construction of Civil Foundation and Structural Steel Work of Pipe Rack for 6X 150 MW Captive Power Plant at Bargawan, Singrauli, Madhya Pradesh at price of Rs 27.99 Crores.
Man Infraconstruction Ltd has informed the market that the company has secured following work orders aggregating to approximately Rs 95 crore:
1. Civil and structural works for Residential Towers from Park View Developers at Borivali,Mumbai; and
2. Additional work order for Civil and structural works for Residential Towers from Goldbricks Infrastructure Pvt. Ltd. at Nagpur”
ARSS Infrastructure Projects informed the market that the Company has been awarded with a new work order from the Office of the Executive Engineer, Kalahandi, R&B Division, Bhawanipatna, Kalahandi, Odisha on July 07,2011 for Improvement of Bhwanipatna – Rayagada Road from 0/0 to 26/0 K.M for an amount aggregating Rs. 21.18 crores.
Its almost 6 months bank dint raise the deposit rate ,im thinkig in 10 days or so they might raise it again as all the banks started raising bplrs.we might hit the 11 % mark soon in this year .I will talk about various deposit rates that is prevailin in banks soon in another post.