Money

Bank Deposits Vs Company Fixed deposits, Interest rate and safety

July 23, 2011

Companies raise money through different channels, IPO’s, FPO’s, issuing bonds and from time to time, you also find them raising money through Fixed Deposits, such as this JP Associates Fixed deposit scheme. On almost all occasions, you will find that the interest on deposits offered by companies is more than that of prevailing Bank rates. [...]

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Sony to buy-out ETV Network channels?

July 16, 2011

There’s an interesting article in Business Standard. It reads that Multi Screen Media (MSM) which runs business in India on behalf of Sony Television, is all set to buy 11 channels belonging to the Ramoji Groups’ ETV network. The talks are in finishing stages and they say, an announcement regarding the same is coming any [...]

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SBI new hiked interest rates from 11 July

July 12, 2011

Starting from 11 July 2011, State Bank of India, will have its interest rates according to the revised rates as follows: 7 to 90 days: 7% 91 to 179 days: 7.25% 180 to 240 days: 6.5% 241 to less than 1 year: 7.75% 1 to <2 years & 2 to <3 years & 3 to [...]

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PAN Card must for these transactions

July 5, 2011

Going to buy gold worth Rs.5 lakhs or more? Don’t forget to take your PAN card. IT Department has made it mandatory for anyone who is looking to buy gold worth Rs.5 lakhs or more from 1 July 2011. This ruling was sure to come for obvious reasons. Most of gold purchases would happen in [...]

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CBDT AIR (High value transactions)

June 30, 2011

Being a salaried person or a business man, you know that paying your Income Taxes is mandatory if you earn above the no-tax limit. Not paying your tax or paying incompletely may attract the attention of IT Department who can then scrutinize your returns/ accounts and issue a notice. What you may not know, however, [...]

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RCOM and Reliance Infra to be ousted from Sensex

June 18, 2011

If you have shares in either Reliance Infra or RCOM, you will have to look outside the elite SENSEX index to track your stocks starting 8 August 2011. The Bombay Stock Exchanges’ Index maintenance committee has decided to oust these two stocks which will be replaced by a much deserved Coal India and Sun Pharma. [...]

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Axis Bank Priority account

April 20, 2011

‘Bank comes home if you are an Axis Bank priority account holder’. You must have been hearing this quite often these days; don’t you? Yes, its Axis bank’s specialized account for the ‘privileged few’. There are quite a few differences between a normal savings bank account and a ‘priority account’, some of which are listed [...]

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