tag:blogger.com,1999:blog-76805338546066406492023-11-16T11:03:20.419-08:00Abdul Zelani"No person was ever honored for what he received. Honor is given by what he gave"
“Service to others is the rent you pay for your room here on earth.”
I'm paying my rent.Do you?Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7680533854606640649.post-53008916447404613992014-04-28T23:45:00.001-07:002014-04-28T23:45:00.715-07:00Know your Polling Station before casting vote! #getinked<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
Dear Friends,</div>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
In 2009 Elections, Hyderabad saw only 53% polling. The main Reason for the low voting is half of the people didn’t know their pooling Booth/Station and they didn’t verified if their name exists in that station/booth and it happens mostly in Urban areas.</div>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
So friends, Please Pledge to vote, but before Know your pooling booth/Station prior to casting vote.</div>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
Follow any of the below step to Know/verify your Pooling Booth:</div>
<ul style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; list-style: square; margin: 0px 0px 24px 1.5em;">
<li style="line-height: 1.5;">SMS: Send VOTE [SPACE] Voter Id to 9246280027</li>
</ul>
<ul style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; list-style: square; margin: 0px 0px 24px 1.5em;">
<li style="line-height: 1.5;">Internet: <a href="http://123.176.47.52/pollingstation/" mce_href="http://123.176.47.52/pollingstation/" style="color: #743399; line-height: 1.5;">http://123.176.47.52/pollingstation/</a> (Click Locate your PS and download the list and find if your name is in that list or in deleted list)</li>
</ul>
<ul style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; list-style: square; margin: 0px 0px 24px 1.5em;">
<li style="line-height: 1.5;">If you don’t know the Voter Id search here<a href="http://ceoaperms.ap.gov.in/Search/search1.aspx" mce_href="http://ceoaperms.ap.gov.in/Search/search1.aspx" style="color: #743399; line-height: 1.5;">http://ceoaperms.ap.gov.in/Search/search1.aspx</a> (Sort and Search your name)</li>
</ul>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
<span class="Apple-style-span" mce_name="strong" mce_style="font-weight: bold;" style="font-weight: bold; line-height: 1.5;">SMS:-</span></div>
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<dl class="wp-caption alignnone" id="attachment_29" style="background-color: #f1f1f1; border-bottom-left-radius: 0px; border-bottom-right-radius: 0px; border-top-left-radius: 0px; border-top-right-radius: 0px; border: none; color: #888888; font-size: 12px; line-height: 18px; margin: 10px 10px 20px; padding: 4px; text-align: center; width: 190px;">
<dt class="wp-caption-dt" style="color: black; font-weight: bold; line-height: 1.5;"><a href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140426_163142.png" mce_href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140426_163142.png" style="color: #743399; line-height: 1.5;"><img alt="" class="size-medium wp-image-29" height="300" mce_src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140426_163142-180x300.png" src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140426_163142-180x300.png" style="border: 0px none; color: #444444; line-height: 1.5; margin: 5px; max-width: 640px; padding: 0px;" width="180" /></a></dt>
<dd class="wp-caption-dd" style="color: #444444; font-size: 11px; line-height: 17px; margin: 0px; padding: 0px 4px 5px;">Send SMS</dd></dl>
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</div>
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<dl class="wp-caption alignnone" id="attachment_31" style="background-color: #f1f1f1; border-bottom-left-radius: 0px; border-bottom-right-radius: 0px; border-top-left-radius: 0px; border-top-right-radius: 0px; border: none; color: #888888; font-size: 12px; line-height: 18px; margin: 10px 10px 20px; padding: 4px; text-align: center; width: 190px;">
<dt class="wp-caption-dt" style="color: black; font-weight: bold; line-height: 1.5;"><a href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140427_160752.png" mce_href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140427_160752.png" style="color: #743399; line-height: 1.5;"><img alt="" class="size-medium wp-image-31" height="300" mce_src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140427_160752-180x300.png" src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/IMG_20140427_160752-180x300.png" style="border: 0px none; color: #444444; line-height: 1.5; margin: 5px; max-width: 640px; padding: 0px;" width="180" /></a></dt>
<dd class="wp-caption-dd" style="color: #444444; font-size: 11px; line-height: 17px; margin: 0px; padding: 0px 4px 5px;">SMS Result for Pooling booth</dd></dl>
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<dl class="wp-caption alignnone" id="attachment_32" style="background-color: #f1f1f1; border-bottom-left-radius: 0px; border-bottom-right-radius: 0px; border-top-left-radius: 0px; border-top-right-radius: 0px; border: none; color: #888888; font-size: 12px; line-height: 18px; margin: 10px 10px 20px; padding: 4px; text-align: center; width: 310px;">
<dt class="wp-caption-dt" style="color: black; font-weight: bold; line-height: 1.5;"><a href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Adress-of-booth.png" mce_href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Adress-of-booth.png" style="color: #743399; line-height: 1.5;"><img alt="" class="size-medium wp-image-32" height="159" mce_src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Adress-of-booth-300x159.png" src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Adress-of-booth-300x159.png" style="border: 0px none; color: #444444; line-height: 1.5; margin: 5px; max-width: 640px; padding: 0px;" width="300" /></a></dt>
<dd class="wp-caption-dd" style="color: #444444; font-size: 11px; line-height: 17px; margin: 0px; padding: 0px 4px 5px;">Online result with all details</dd></dl>
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<dl class="wp-caption alignnone" id="attachment_33" style="background-color: #f1f1f1; border-bottom-left-radius: 0px; border-bottom-right-radius: 0px; border-top-left-radius: 0px; border-top-right-radius: 0px; border: none; color: #888888; font-size: 12px; line-height: 18px; margin: 10px 10px 20px; padding: 4px; text-align: center; width: 310px;">
<dt class="wp-caption-dt" style="color: black; font-weight: bold; line-height: 1.5;"><a href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Oline.png" mce_href="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Oline.png" style="color: #743399; line-height: 1.5;"><img alt="" class="size-medium wp-image-33" height="159" mce_src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Oline-300x159.png" src="https://c2blogimages.cognizant.com/blogs/132872/e/files/2014/04/Oline-300x159.png" style="border: 0px none; color: #444444; line-height: 1.5; margin: 5px; max-width: 640px; padding: 0px;" width="300" /></a></dt>
<dd class="wp-caption-dd" style="color: #444444; font-size: 11px; line-height: 17px; margin: 0px; padding: 0px 4px 5px;">Search your name</dd></dl>
</div>
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</div>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
For any escalations on Elections: Dail 1950</div>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
<span class="Apple-style-span" mce_name="strong" mce_style="font-weight: bold;" style="font-weight: bold; line-height: 1.5;">Sri Bhanwar Lal</span><br style="line-height: 1.5;" />Chief Electoral Officer<br style="line-height: 1.5;" />Phone: 040-23457317<br style="line-height: 1.5;" />Fax: 040-23455781.<br style="line-height: 1.5;" />E-Mail:- <span class="Apple-style-span" mce_name="strong" mce_style="font-weight: bold;" style="font-weight: bold; line-height: 1.5;">ceo_andhrapradesh@eci.gov.in</span></div>
<div style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;">
#getinked #pledgetovote</div>
</div>
Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0tag:blogger.com,1999:blog-7680533854606640649.post-6088101222267436832013-02-28T13:36:00.004-08:002013-03-02T06:51:31.905-08:00Full Budget analysis of 2013-2014 Budget Explained<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div align="center" class="MsoNormal" style="text-align: center;">
<b><u><span style="font-family: 'Times New Roman', serif;"><span style="font-size: large;">Budget
analysis of FY13-14 (draft)<o:p></o:p></span></span></u></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><u><span style="font-family: 'Times New Roman', serif;"><span style="font-size: large;"><br /></span></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">As
the Policy, Every year last working day of February the budget will be
announced for succeeding year by FM(finance minister)<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">Every
Budget has some thing to do and will effect every one Including
children,Women,Old people,Rikshavalas,Billionares bla bla.. so we have to
understand and interpret what ‘ll be the effect on us..As a MBA student it is
mandatory to Analyse the Budget<br />
<br />
</span><b><i><span style="font-family: 'Times New Roman', serif;">Highlights: and Interpretation<br />
As an Employed Individual of India</span></i></b><span style="font-family: "Times New Roman","serif";">.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">As a Tax Paying Individual,There
are no changes in Slab rates</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">.But FM has given 2,000 Rs Credit whose Income will
dosen’t increase 5,00,000 i.e Suppose your final taxable Income is 3,80,000 as
a rule 2 lakh is exempted and the you are liable to 10 % on 1,80,000 only(3,80,000-2,00,000)
i.e you need not to pay 18,000.your total tax is 18,000-2,000=16,000.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">If your Anuual Taxable Income is
above 1 crore then you have to pay 10% Surcharge.as of now it was 5% only.There
are only 42,800 people who will be affected with this<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Education Cess remains same at 3%<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">A person taking a loan for his
first home below `25,00,000 during the period 1.4.2013 to 31.3.2014 will be
entitled to an additional deduction of interest of upto `100,000.as of now the
deduction was 1,50,000 so totally we will get 2,50,000 tax deduction fot
intrest paid This will promote home ownership real estate and to a number of
industries like steel, cement, brick, wood, glass etc. besides jobs to
thousands of construction workers.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Rajiv Gandhi Equity Savings
Scheme will be liberalised to enable the first time investor to invest in
mutual funds as well as listed shares The incom limit will be raised from 10,00,000
to 12,00,000<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">There will be Women bank for
Women,By women it’s PSU Bank<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Macro Economics:<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">At present the revised fiscal
budget target was set to 5.2%.anf for the Next year the target was set to 4.8%<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">By 2025 India will become 5Trilion dollor econmy.at present we are 2
trillion dollor(100 lakh crore Rs) economy.<br />
<!--[if !supportLineBreakNewLine]--><br />
<!--[endif]--><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">In 2011-12, the tax GDP ratio was
5.5 percent for direct taxes and 4.4 percent for indirect taxes. These ratios
are one of the lowest for any large developing country but in 2007-08, the tax
GDP ratio was 11.9 percent. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Diff between FDI and FII where an
investor has a stake of 10 percent or less in a company, it will be treated as
FII and, where an investor has a stake of more than 10 percent, it will be
treated as FDI<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">FIIs will be allowed to
participate in the exchange traded currency derivative segment to the extent of
their Indian rupee exposure in India. FIIs will also be permitted to use their
investment in corporate bonds and Government securities as collateral to meet
their margin<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">requirements<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">About Budget:- Total Budget’s
Expenditure is 16,65,966 in which 33.33% is Planned Expenditure(Allocations to
every ministry).and remaining Non planned Expenditure(Subsidies to food
grains,fertilizers,salaries to govt employees,interest on loans taken).<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">FM said that,We were Imported a
100 million tonnes of coal during April to dec,2012.though India is having a
huge capacity to produce coal.This is also dragging the Fiscal deficit...to
fulfil the needs of power generating companies, india needs huge coal so In
2015 India ‘ll go for PPP with CIL for the coal production in large amount.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">For National and International Financial Market Updates in Basic layman language Like <a href="http://www.facebook.com/zelaniabdul" target="_blank">A Failed Investor</a> Facebook Page</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><b><i><span style="font-family: 'Times New Roman', serif;">Banks
and Capital Markets: As an Investor</span></i></b><span style="font-family: "Times New Roman","serif";"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">STT has decreased to 0.001 % for
equity cash segement from 0.1%(only when we sell).and for Equity futures 0.01%
from 0.017%.but where as Newly Commodity Transaction Tax too has imposed and
the rate will be same as equity futeres i.e 0.01%.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">GAAR will come effect from April
1<sup>st</sup>,2016.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Agricultural Credit has been
increased by 1.25 trillion rupees to 7 trillion.(1 lak crore=1 trillion)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">The interest subvention scheme
for short-term crop loans which is @4% will be continuec and extends to private
banks too.... very negative news due to these two points bankex has fell 2.5%
all mjor banks were down by average 7%<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Banks will be permitted to act as
insurance brokers so that the entire network of bank branches will be utilised
to increase penetration<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">atleast one ATM is mandatory for
every branch.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">To provide greater support to
MSMEs, FM has enhanced the refinancing capability of SIDBI from the current
level of 5,000 crore to 10,000 </span><span style="font-family: 'Times New Roman', serif;">crore per year</span></span></div>
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<span style="font-family: 'Times New Roman', serif;"><span style="font-size: large;"><br /></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Fm made a proposal to amend the
SEBI Act to strengten the regulator is under Consideration<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
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<b><i><span style="font-family: 'Times New Roman', serif;"><span style="font-size: large;">About
Corporate Companies: As a Industrialist and Analyst.<o:p></o:p></span></span></i></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Increase in the surcharge from 5
percent to 10 percent on domestic companies whose taxable income exceeds 10
crore per year. In the case of foreign companies will be increased from 2
percent to 5 percent.(only for one year)<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">dividend distribution tax or tax
on distributed income increases the current surcharge of 5 percent to 10
percent..(only for one year)<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Educations cess same with 3%<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Excise duty on cigarettes
has increased 18 percent so it will become costly and effect ITC
profits.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">SUV service tax increased by 3%
from 27% to 30%. <o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">FM said,one half of property
transactions are not having PAN number.so to control this Every Immovable
property of above 50 lakhs ‘ll claim 1% TDS.... i.e 1% of your transaction will
be given to income tax at the time of property transfer but we can claim that amount
through TDS.if you want to file TDS we need PAN card.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Direct Tax Code(DTC) Which is
going to replace Income Tax Act,1961 is work in Progress..<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">GST Which is going to reshape all
indirect taxes like VAT,Service Tax,duty,customes etc... in single form of
GST(Goods and service Tax).but state govt are showing less interest because
they will lose revenues from VAT etc...but FM assures some compensation for
this.if it happens then it will be very good for india.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">There is no change in basic customs duty of 10 percent for non-agricultural
products. <o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">There is also no change in the
normal rate of excise duty of 12 percent and the normal rate of service tax of
12 percent.<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">On motorcycles with engine
capacity of 800cc or more duty from 60 percent to 75 percent; and on yachts(luxury
private boats) and similar vessels from 10 percent to 25 percent<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">mobile phones priced at more than
2000, duty raised to the 6 percent.<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">To encourage domestic production
of set top boxes as well as value addition, duty raised from 5 percent to 10
percent.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Small and medium enterprises,
including start-up companies, will be permitted to list on the SME exchange
without being required to make an initial public offer (IPO), but the issue
will be restricted to informed investors. This will be in addition to the
existing SME<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">platform in which listing can be
done through an IPO and with wider investor participation.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">A company investing `100 crore or
more in plant and machinery during the period 1.4.2013 to 31.3.2015 will be
entitled to deduct an investment allowance of 15 percent of the investment.<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">At present, service tax does not
apply to air conditioned restaurants that do not serve liquor. The distinction
is artificial, and I propose to levy service tax on all air conditioned
restaurants. <o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: 'Times New Roman', serif;">For National and International Financial Market Updates in Basic layman language Like </span><a href="http://www.facebook.com/zelaniabdul" style="font-family: 'Times New Roman', serif;" target="_blank">A Failed Investor</a><span style="font-family: 'Times New Roman', serif;"> Facebook Page</span><span style="font-family: "Times New Roman","serif";"> </span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
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<b><span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Conclusion:<o:p></o:p></span></span></b></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Over all the budget was good.As a
Student,As a employee of 10 % bracket,and as a Investor.the Budget was satisfactory.But when we come to
the Industry it was worrying.Due to the heavy Corporate
surcharge(10%),DDT,Mandatory spending of 2% income in CSR etc....these will
definetly effect the Net profit of companies. Atleat all corporate net income
will be decreased by 10%(approximately) and even companies will don’t
distribute dividend for next year because FM said for next only there will be
DDT,so every company will skip this year dividends and pay next year.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Direct Tax Code and Goods and
Service Tax was not yet declared.. if this Implemented it will be Global
structure of taxation and tax evasion will be decreased.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">DTH settop box,AC
restrents,Cigarates,Silk clothes,SUV,Private ships(yothe) price will be increased<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Vocational cources,Education
material,Venture Capitalist loans these are some positives of Budget.<o:p></o:p></span></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">“Robin Hood budget by targeting
Premium Class and Luxury goods and life style was targeted”<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;">Thank you,<o:p></o:p></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"><br /></span></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-size: large;"> Abdul
Zelani,<o:p></o:p></span></span></div>
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<span style="font-size: large;"><span style="font-family: "Times New Roman","serif";"> </span><a href="mailto:Zelani.ceo@gmail.com"><span style="font-family: "Times New Roman","serif";">Zelani.ceo@gmail.com</span></a><span style="font-family: "Times New Roman","serif";"><br />
</span><span style="font-family: "Times New Roman","serif";"><a href="mailto:zelani@in.com">zelani@in.com</a></span><span style="font-family: "Times New Roman","serif";"><o:p></o:p></span></span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: 'Times New Roman', serif;">For National and International Financial Market Updates in Basic layman language Like </span><a href="http://www.facebook.com/zelaniabdul" style="font-family: 'Times New Roman', serif;" target="_blank">A Failed Investor</a><span style="font-family: 'Times New Roman', serif;"> Facebook Page</span></span></div>
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<br />
Lovely Professional University.</div>
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<br /></div>
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<br /></div>
</div>
Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0tag:blogger.com,1999:blog-7680533854606640649.post-50840056309958855022012-11-07T11:02:00.003-08:002012-11-07T11:02:16.319-08:00My Short selling Experience by Abdul zelani<div dir="ltr" style="text-align: left;" trbidi="on">
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<span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Another horrible experience....BAD.. Bad...... muhhhhhhhhhhhh!<o:p></o:p></span></div>
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<span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Rather than seeing it as a loss i ‘ll say good experience with small loss<o:p></o:p></span></div>
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<span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;"><br />Today I shorted 8 shares of INFY @2401 at around 11 am. And with in two hours it went down to 2390 and then i bought(Short cover) 4 shares at this price..and i was thought it will go to lower than this so at 2.40 pm I made bid of 2385 for remaining 2 and I thougt it will definetly touch this prices and will be traded and then I attended 3-4 and 4-5 classes.. I got a SMS that 4 shares were traded and i thought 8 shares were coverd ...but not,I have misunderstood...it was the previous trade SMS<o:p></o:p></span></div>
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<span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">And here comes..I got a horrible mail from Mumbai head office that 6 shares were bought in auction at 2400 and a penalty of 2% i.e 200 rs + 0.2% intrest very day for 4 days (because i bought it on margin)and some other unknown charges... so totally i lost Rs 242 due to my memory power and 3-4 PEP Class.and next i have called to My broker and shouted and regret for my mistake and then he talked for 20 min and here is what he said in brief..<o:p></o:p></span></div>
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<span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">When you sold short (seller shortage) those shares there was someone on the other side who bought them. He won't get delivery. So your broker will try to purchase them in a buy-in auction market on T+2 day and the settlement of the auction shall be done on T+3 day (where T is the transaction day, holidays are not included).</span><span lang="EN-IN"><br /><br /><span style="background-color: white; background-position: initial initial; background-repeat: initial initial;">If the auction is successful the defaulting client (you) will have to pay the actual auction price + interest + a penalty of 2%.</span><br /><br /><span class="green">What will be the auction price</span><span class="apple-converted-space"><span style="background-color: white; background-position: initial initial; background-repeat: initial initial;"> </span></span><span style="background-color: white; background-position: initial initial; background-repeat: initial initial;">- That depends on the price of the stock on auction day. The lowest or minimum offer price in auction can be 20% below the closing price on a day prior to the day of auction. If it's lower then you might gain but this difference is not given to you it goes to Investor Protection Fund, if it's higher you will have to pay the difference. Your broker will send you an email at the end of day with the detailed information.</span><br /><br /><span style="background-color: white; background-position: initial initial; background-repeat: initial initial;">If the auction is not successful, no one is ready to sell in the auction (generally happens when the stock hits upper circuit), the sell transaction is cancelled by the exchange and the defaulting member has to pay the highest price prevailing from the day of trading up to a day prior to the auction day or 20% above the official closing price on the day prior to auction day, whichever is higher. The buyer of those shares gets a full refund. Auction is carried out in case of Short deliveries and Bad deliveries.</span><br /><br /><span style="background-color: white; background-position: initial initial; background-repeat: initial initial;">My recommendations..<o:p></o:p></span></span></div>
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<div class="MsoNoSpacing" style="margin-left: 36pt; text-indent: -18pt;">
<span lang="EN-IN">1)<span style="font-size: 7pt;"> </span></span><span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">If you are utilising or buying Scrips on Margin then be very carefulll.don’t utilise your full margin limit it’s very danger if you are amateur in Capital Market</span></div>
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<span lang="EN-IN">2)<span style="font-size: 7pt;"> </span></span><span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Check your order status at 3.15 pm be sure that it was not still open and sell it at current market price don’t try to bargain or don’t Use Bid Ask spread techniques</span></div>
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<span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">3) </span><span lang="EN-IN" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-IN" style="background-color: white; text-indent: -18pt;">REMEMBER! While you are Short selling you have to Sell and Buy on the same Exchange if You accidently buy them on BSE while you sold them on NSE it will not be covered because there were no depository in this situation</span></div>
Ignore Spelling and Grammar mistakes...<br /><span style="font-size: large;">Indeed it was technical to understand,it took me 2 days to understand this whole concept.if you have any dought Please give me feedback or any extra information about this topic ....please feel free to say any thing ...it will help me to improve my skills in In upcoming blogs...<br />you can mail me personally<br />thecfo@in.com<br />zelani.ceo@gmail.com</span><br />
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Abdul Zelani,</span></div>
<div>
<span style="font-size: large;">Lovely Professional University.</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com2tag:blogger.com,1999:blog-7680533854606640649.post-14516815077928849522012-10-26T11:06:00.001-07:002013-03-02T06:55:06.987-08:00Costs Involved in In stock market investments<div dir="ltr" style="text-align: left;" trbidi="on">
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Costs Involved in In stock market: As per Oct,2012</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuaQlL_SQyoyHlb1hKLPOUVjx7dtqYoZVqf4Ct6h3BSznw9DnILZnuLtQ_KzqmuWDvSa_4b8b1p_ScWBDXdMudkCcG4U28OSY2CPGCGTTpMRLCDy2KiJsSccpqjTchrfmlgrP_NnKZ0og/s1600/final.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuaQlL_SQyoyHlb1hKLPOUVjx7dtqYoZVqf4Ct6h3BSznw9DnILZnuLtQ_KzqmuWDvSa_4b8b1p_ScWBDXdMudkCcG4U28OSY2CPGCGTTpMRLCDy2KiJsSccpqjTchrfmlgrP_NnKZ0og/s640/final.png" width="640" /></a></div>
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My first shocking Experience,</div>
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It was my first day in MBA III<sup>rd </sup> Semester , the faculty polished our Brain By saying to achieve
something. I still remember that class when My SAPM Proff Atin Garg asked “what
do you want to become” I just replied Portfolio manager and I don’t know much
about that and then he said, do some thing extra in life …. Gain practical
knowledge,“Kal subah Janta puchegi,Maa Baap Puchenge, dost puchengy” kya bhai
Placement huui yani? What will you say?. On that day I decided to open a real
account so that I can become temporary Portfolio manager.<br />
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0cm;">
I went to
kotak Securities and asked to open a account and then he asked <br />
1) PAN(Permanent Account Number)</div>
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2)Savings
Bank Account With Cheque Book</div>
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3)Adress
Proof</div>
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<br /></div>
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It was Aug
18 when I received My trading Account KIT,then I started to Trade with 5,000 Rs At that time I was
just Knowing the Commision of 0.25% over total turnover for Delivery and 0.025%
Intraday.</div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0cm;">
By the
blessings of God,The Economic Reforms Part II was releasd, KFA rose from 8 rs
per share to 17 rs within 16 days and SAIL,GVKPIL,GMR,SUZLON,BHARTIARTL,RENUKA
almost every SCRIP was Up and I made more than 20% return over 5000 in just 45 days…</div>
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<br /></div>
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And then
came October, on that day I really realized my real profit by deducting the
hidden charges</div>
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<br /></div>
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<b><i>1)STT(Security
Transaction Tax) mandatory_ 0.1% for Buying and 0.1% for selling(it changed to 0.001% in FY13-14 BUDGET)</i></b></div>
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<b><i>2)Brokerage:0.25%
on Buying and 0.25% on selling(depends on Broker)</i></b></div>
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<b><i>3)Service tax
on brokerage 12.36% for buying and 12.36 %
on selling</i></b></div>
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<b><i>4)Stamp Duty :
According to scrip but ‘ll be in Rupees only(very less)</i></b></div>
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<b><i>5)Depository
charges:There is no charge if any scrip is credited in your DEMAT account but
they will charge 30Rs + 0.1% total value of
debiting Scrips </i></b></div>
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<b><i>6)Annual
Maintenance Charges(AMC):600 Rs per Annum.</i></b></div>
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<b><i>7)Short term Capital Gain Tax if sold with profit with in 365 days 15% of total Profit...<br />8)No Long Term Capital Gain Tax if you hold more than 365 days.</i></b><br />
<b><i><br /></i></b></div>
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In India
There are Two depositories NSDL(NAtinal Securities Depository Ltd) and (CDSL)
Central Depository Of secutities Ltd…… NSDL is for NSE and CDSL is for BSE
Trades…. The charges are subject to Kotak brokerage and NSE,CDSL…it will differ
if you trade from others </div>
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<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">If problem with Viewing the image go to <a href="https://www.box.com/s/vm272979msacgjfm2sl4">https://www.box.com/s/vm272979msacgjfm2sl4</a></span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span>
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="font-family: 'Times New Roman', serif; font-size: large; text-align: justify;">For National and International Financial Market Updates in Basic layman language Like </span><a href="http://www.facebook.com/zelaniabdul" style="font-family: 'Times New Roman', serif; font-size: x-large; text-align: justify;" target="_blank">A Failed Investor</a><span style="font-family: 'Times New Roman', serif; font-size: large; text-align: justify;"> Facebook Page</span><br /><br /><br />i.e if you bought a share of 80rs then you have to sell it above 81 rs then only you will get profit...you may gain 10% on you share from buying ..but when the real profit comes to your account you 'll be shocked to see These deductions.</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span>
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">What is Margin?</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Margin is the liquidity which your broker will provide.<br />Case:1</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Suppose You thought ITC share Price will Rise by 10 rs to 310 rs tomorrow.and you have 3000 rs in your trading Account.but you have balance to buy 10 shares only.Then what you do is Utilize the Margin Provided by your broker.(Margin utilization for Every stock is different if it is good stock then you may utilse 80% levarage .if it is volatile and Bad stock then you will get 0% levarage to buy that share) ITC is a good and less volatile share so you will get 80% leverage to buy this stock.So finally you can buy 50 shares(50*300=15000).This is because you have balance of 3000 rs which is 20% of 15,000 rs.But you have obligation to Pay that 80% margin with in 2 days..else intrest will be charged.Suppose the ITC gone down by 10% then you will get a margin calll to clear the balance else they will sell the shares and reedem the amount.</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span>
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Conclusion:</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">If you are learner, start trading with not less than or more than Rs 5000/- and when you gain knowledge trade with a minimum of 50,000</span><br />
<span style="font-family: Calibri, sans-serif;"><span style="font-size: 11pt; line-height: 115%;">2)</span><span style="font-size: 15px; line-height: 17px;"> Utilize</span><span style="font-size: 11pt; line-height: 115%;"> the margin Given by your trader in Intraday transactions....why i am saying Intraday becz The brokerage </span></span><br />
<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px; line-height: 17px;">'ll be 90 times less and there will be no DP(Depository Charges) because there is no delivery.....<br /><br />I am poor at english so if any gramatic error or spelling mistake found Please let me know by commenting on this blog</span></span><br />
<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px; line-height: 17px;">if you don't feel comfort please mail your comment here:(</span></span><span style="font-family: Calibri, sans-serif; font-size: 15px; line-height: 17px;"> thecfo@in.com;zelani.ceo@gmail.com)</span><br />
<span style="font-family: Calibri, sans-serif; font-size: 15px; line-height: 17px;"><br /></span>
<span style="font-family: 'Times New Roman', serif; font-size: large; text-align: justify;">For National and International Financial Market Updates in Basic layman language Like </span><a href="http://www.facebook.com/zelaniabdul" style="font-family: 'Times New Roman', serif; font-size: x-large; text-align: justify;" target="_blank">A Failed Investor</a><span style="font-family: 'Times New Roman', serif; font-size: large; text-align: justify;"> Facebook Page</span><br />
<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px; line-height: 17px;"><br /></span></span>
<span style="font-family: Calibri, sans-serif; font-size: large;"><span style="line-height: 17px;"><br /></span></span>
<span style="font-family: Calibri, sans-serif; font-size: large;"><span style="line-height: 17px;"><b>Syed Abdul Zelani,</b></span></span><br />
<span style="font-family: Calibri, sans-serif; font-size: large;"><span style="line-height: 17px;"><b><br /></b></span></span>
<span style="font-family: Calibri, sans-serif; font-size: large;"><span style="line-height: 17px;"><b>MBA 2nd year,</b></span></span><br />
<span style="font-family: Calibri, sans-serif; font-size: large;"><span style="line-height: 17px;"><b><br /></b></span></span>
<span style="font-family: Calibri, sans-serif; font-size: large;"><span style="line-height: 17px;"><b>Lovely Professional University.</b></span></span></div>
Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com9tag:blogger.com,1999:blog-7680533854606640649.post-74981840551824941932012-08-15T14:07:00.001-07:002012-08-20T04:26:51.866-07:00Global Stock Markets Timings- by Zelani<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
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<b><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Indian Capital Markets<o:p></o:p></span></b></div>
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<br /></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Trading on the </span><b style="background-color: transparent;"><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Indian Capital Markets</span></b><span style="background-color: white; color: #333333; font-family: Arial, sans-serif; line-height: 16.5pt;"> segment takes place on all
weekdays</span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">There will be No trading on Saturday, Sunday and Published
Indian Stock Market Holidays declared by the Indian Stock Exchange in advance.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">The Market Opens at: 09:15 hours and Closes at: 15:30 hours<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Pre open session will be from 09:00 to 09:15 hours<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Pre-open trade session is a 15 minute trade session from 9:00AM
to 9:15AM on the 50 stocks of NIFTY index .<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Only 50 stocks of the NIFTY index can be traded during this time
on both NSE and BSE. Normal trading for all other stocks will start at 9:15AM
till 3:30PM.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">In stock Markets News Plays a major role ..sorry not major role it fully depended
on it .<o:p></o:p></span></div>
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<b><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">WHY PRE MARKET SESSION?<o:p></o:p></span></b></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;"><br />
</span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">In <b>LPU </b>only officia UMS News
will effect you but where as in Stock Markets even a foolish Roomer also Effect
adversely in stock market.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;"><br />
In case of a major event or announcement comes before market opens like other
country news and some news which is declared on holidays etcc. IIP industrial
Production Index will comes every third Friday of month if it’s holiday then
this give major impact on BSE/NSE. Special events include merger and
acquisition announcements, open offers, delistings, debt-restructurings,
credit-rating downgrades etc which may have a deep impact on investors wealth.
In order to stabilize this, pre open call auction is conducted to discover the
right price and to reduce volatility.<o:p></o:p></span></div>
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<b><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">BREAK-UP OF 15 MINUTES</span></b><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;"><o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">The 15 minutes of pre open session is broken into 8 + 4 + 3.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">The first 8 minutes: During this session investors can
place/ modify /cancel orders on the basis of which the exchanges would
determine the rates at which trading would happen. Orders are not accepted
after this initial 8 minutes.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">In the next four minutes, orders are matched, executable price
is discovered and trades are confirmed. The next 3 minutes ls for hmmmmm for ringing
bell? Just kidding lol I don’t know about that 3 minutes.(There is lot more
about Pre Market session But I know only this much)<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">.<o:p></o:p></span></div>
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<b><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">REGIONAL STOCK MARKETS<o:p></o:p></span></b></div>
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<br /></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Apart from the BSE and NSE, there are 21 regional exchanges
which open at normal hours 9:15 to 15:30 hrs.<o:p></o:p></span></div>
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<br /></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">As I said above some times announcements comes before market
opens like other country stock exchange
performances <o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Apart from this, global trends in stocks also affect the Indian
market when it opens.<o:p></o:p></span></div>
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<b><span lang="EN-US" style="font-family: Arial, sans-serif;">WORLD STOCK MARKET TIME
ACCORDING TO India (Up to know I hav</span></b><span lang="EN-US" style="font-family: Arial, sans-serif;">e just anlysed opening
session ,In two or three days I will update it with closing sessions also)<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: Arial, sans-serif;">Shanghai stock exchange – Opens at 7.30 Am
</span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;"><o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Symbol;">·<span style="font-family: 'Times New Roman'; line-height: normal;">
</span></span><span lang="EN-US" style="font-family: Arial, sans-serif;">Hong Kong stock exchange - Opens at</span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;"> </span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">7.55 Am<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Symbol;">·<span style="font-family: 'Times New Roman'; line-height: normal;">
</span></span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Tokyo stock exchange - Opens at 5.50 Am<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Symbol;">·<span style="font-family: 'Times New Roman'; line-height: normal;">
</span></span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">South Korea – Opens at 5.50 Am<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Symbol;">·<span style="font-family: 'Times New Roman'; line-height: normal;">
</span></span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">NYSE, New York – Opens at 8.30 Pm<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Symbol;">·<span style="font-family: 'Times New Roman'; line-height: normal;">
</span></span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">NASDAQ – Opens at 8.30 Pm<o:p></o:p></span></div>
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</span></span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">BOVESPA , Brazil – Opens at 7 Pm<o:p></o:p></span></div>
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</span></span><span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">Bye for now .. presently i am busy with Ramazan month Prayers so i'll add some more exchanges timings.......... stay updated<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #333333; font-family: Arial, sans-serif;">…have a nice day !<br /><o:p></o:p></span></div>
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<span lang="EN-US"><span style="font-size: large;">And also Happy 66<sup>th</sup> Independence Day Jai hind!</span></span></div>
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<span style="font-size: large;">Copy rights at Abdul Zelani,Lovely Proff University.</span></div>
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Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com2tag:blogger.com,1999:blog-7680533854606640649.post-14844527760036543232012-08-13T13:38:00.002-07:002012-08-20T04:31:27.657-07:00What happens if your bank goes bankrupt_Abdul Zelani<div dir="ltr" style="text-align: left;" trbidi="on">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><span style="color: #134f5c; font-size: x-large;">What happens if your bank goes belly up:</span><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></strong></strong><br />
<div style="border: 0px; color: #262626; display: inline !important; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Most banks today agreed to follow the Banking Codes and Standards Board of India’s (BCSBI), code of bank’s commitments to customers. This code, works for fair treatment of customers. However, this code does not do much for you, in case your bank goes belly up. Narayanan Raja, Chief Executive Officer, BCSBI, says, “The code looks into the commitments from banks side to its customers, but does not cover issues which the customer might have to face in case the bank goes belly up. This issue is looked into by DICGC.”</strong></strong></div>
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<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;">As a depositor you don’t really need to be worried about your bank going belly up, well almost. Reason being, the deposits which you make with your bank come with some sort of a safety net. This safety net, in banking parlance is an insurance provided on your deposits by Deposit Insurance and Credit Guarantee Corporation (DICGC). This corporation comes under the wings of the Reserve Bank of India (RBI) and as its name suggest, offers an insurance cover on the deposits you make and also guarantee credit. Says, a senior officer, who did not want to be named, from the DICGC, “All commercial banks are covered by DICGC. ” All foreign banks which are currently functioning in India, as well as co-operative banks and rural regional banks are also covered.</strong></div>
<div style="border: 0px; color: #262626; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">So, if you hold Rs 97,000 as principal and Rs 2000 as interest, you will be able to recover Rs 99,000 and not Rs 1 lakh. But, if you hold Rs 2 lakh, you will still get only Rs1 lakh, in case your bank goes belly up.</strong>What’s the amount:</strong> You get this cover for your funds in the savings account, as well as current accounts. Fixed Deposits and recurring deposits also enjoy this cover. The DICGC official says, “Your deposits are insured up to a maximum of Rs 1 lakh.” So, if you hold a deposit of Rs 20,000 you will only get Rs 20,000. Keep in mind, that this Rs 1 lakh amount includes both the principal as well as interest amount.</strong></div>
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<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Multiple accounts</strong> <strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">–same bank:</strong> If you have multiple accounts in the same bank, DICGC will total the amount while taking into account the insurance cover and you will get a maximum of Rs 1 lakh.</strong></div>
<div style="border: 0px; color: #262626; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Different Banks:</strong> Here the insurance ceiling will apply separately for different banks. So, from insurance point of view, it would make sense to divide your funds in few separate banks, instead of parking it all in the same bank.</strong></div>
<div style="border: 0px; color: #262626; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Joint Accounts:</strong> If you hold a joint account, the insurance limit will be applicable to each holder of the joint account and accounts held in different names of the member of the family.</strong></div>
<div style="border: 0px; color: #262626; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">How are you paid:</strong> If the bank fails, DICGC will pay you the amount within two months from the date of liquidation of the bank. If the failed bank undergoes a merger and acquisition, the failed banks’ business is transferred to the healthier bank.</strong></div>
<div style="border: 0px; color: #262626; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">On loans: </strong>If you owe any dues to the bank, they have the right to set off such dues, and the remaining amount will be given to you by DICGC. If you have borrowed (loan) from the bank and if your bank goes bust, that does not mean you won’t be liable to pay the debt. Says, a senior, RBI officer, “The apex bank will then appoint an administrator to look into the matters of the bank. As far as loans go, they will be recovered from the borrower as per rules.”</strong></div>
<div style="border: 0px; color: #262626; font-family: Georgia, Times, 'Times New Roman', serif; font: inherit; line-height: 22px; margin-bottom: 15px; padding: 7px 0px 0px; vertical-align: baseline;">
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Don’t kill your bank:</strong> Banking is all about trust. And while the banking system does seem to provide a safety net, you also have to ensure that you do your bit. Says, RBI officer, “Of course customers have to be cautious while choosing a bank, but they also have to ensure they don’t become the reason for the death of the bank. Never rush to withdraw deposits based on rumors.” Of course, it does not look like any bank is going belly up in the near future, (we hope not) but surely it does not harm to be aware and educated, were the need to arise.</strong></div>
<strong style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-indent: -0.375px; vertical-align: baseline;"><span style="color: #134f5c; font-size: large;"> <a href="http://www.facebook.com/mngrzelani" target="_blank">Syed Abdul Zelani,Lovely Professional University.</a></span></strong></div>
Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0tag:blogger.com,1999:blog-7680533854606640649.post-74838385945928602342012-03-22T11:20:00.001-07:002012-10-26T11:09:03.101-07:00How currency Fluctuates,Syed Abdul Zelani,Lovely Professional University<div dir="ltr" style="text-align: left;" trbidi="on">
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Rupee fluctuates.Know how it fluctues ,what is cause for it,measures for controling it etc....................</h3>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Do we even care if the rupee falls against a dollar? We leave such news to NRIs to worry about the exchange rate. For domestic investors, does rupee fluctuation hardly make any difference? Most investors do not read between the lines regarding how rupee fluctuation impacts their investments. Moreover, the exchange rate phenomenon seems esoteric for most of the common investors. Here are some aspects of rupee fluctuation and its impact on our investments:<o:p></o:p></span></div>
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<span lang="EN-IN"><span style="color: #e69138; font-size: large;"><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="line-height: 18px;">"Like stock market it's also a game of demand and supply.when we have a supply more than the demand then the rupee will appreciate (decreases) against dollar, valuae depriciates (increases) when supply is less and demand is more.RBI plays a major role in this to stop the heavy fluctuations....like if the value of rupee is appreciating very high (rs.40 hypothetical figure) then RBI will buy much Dolars to create shortage of dollar.. and vise versa..i.e </span></span><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="line-height: 18px;">supplies</span></span><span style="line-height: 18px;"><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"> much dollars into market to when the rupee is depreciating(increasing)"--</span><b><i><span style="font-family: Verdana, sans-serif;">Abhishaik chowdary,Asst proff of Finance,Lovely Professional University.</span></i></b></span></span></span></div>
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<span lang="EN-IN"><span style="color: #e69138;"><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-size: large; line-height: 18px;">In dec 2011.india has faced heavy depreciation of rupee nearly 55.then RBI has brought this to around 47 in one month by doing these </span></span></span></span></div>
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<span lang="EN-IN"><span style="color: #e69138;"><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-size: large; line-height: 18px;">1.Increasing NRI deposit intrest rates(attracted large number of dollars from US)</span></span></span></span></div>
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<span lang="EN-IN"><span style="color: #e69138;"><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-size: large; line-height: 18px;">2.Increasing Gold Import duty by 2%</span></span></span></span></div>
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<span lang="EN-IN"><span style="color: #e69138;"><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-size: large; line-height: 18px;">3.other RBI regulations</span></span></span></span></div>
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<b><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Currency fluctuation</span></b><span style="font-size: 12pt; line-height: 18px;"><o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">There are mainly two ways by which currency rates are managed. Firstly, countries fix their currency against dollar. Hence the exchange rate doesn’t change. Government takes action to manage any fluctuation that may happen. Secondly, countries leave it to the market to decide their exchange rate. In such a system, countries follow policy of non-interference.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">India doesn’t have a fixed value of rupee against dollar but it also doesn’t keep its currency completely floating against dollar. We have a system where the central bank allows rupee to fluctuate within a specified range.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Usually, rupee appreciation is taken as economy gaining strength while depreciation is taken as Indian economy losing strength.<o:p></o:p></span></div>
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<b><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">How it impacts investors</span></b><span style="font-size: 12pt; line-height: 18px;"><o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Let’s look at how rupee fluctuation impacts investors’ decisions. Let’s look at appreciation first.</span><span style="font-size: 12pt; line-height: 18px;"><o:p></o:p></span></div>
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<u><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Rupee appreciation </span></u><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">–</span><span style="font-size: 12pt; line-height: 18px;"><o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Rupee appreciation is considered bad for companies where major part of their revenue comes from export. Appreciation of rupee makes products more expensive for export. When the products become expensive, importing nations either reduce the import or look out for other nations that can produce the same product at cheaper prices. Hence, any appreciation in rupee is often accompanied with clamour by export companies to devalue the currency.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Rupee appreciation is good for companies that depend on import from other countries. For example, oil companies, Pharma, Engineering, and medical device companies will be fine with rupee appreciation. The machinery, oil, and engine used in such industries will be cheaper to buy. Investors can consider investing in such companies when rupees appreciate.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Let’s take an example. Suppose the rupee dollar exchange rate is 50 (i.e. Rs 50 - $1). A company in export sector earns a profit margin of 15% from export. If the rupee appreciates and the new exchange rate is Rs 40 = $1. In this case, the company has lost 20% of the income.</span><span style="font-size: 12pt; line-height: 18px;"><o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">This impacts investors in sectors that depend on export for their income. The typical examples are software industry and textile. Their dependence on export is heavy. Any rupee appreciation will hit software and textile industries hard. We have seen what happened in 2008 when America went into recession, dollar lost value and rupee appreciated against dollar. There were lay-offs, increased hours, flat revenues, and reducing profit. Investors in export oriented sector will be hit by any appreciation in rupee.<o:p></o:p></span></div>
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<u><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Rupee depreciation </span></u><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">–<u><o:p></o:p></u></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Rupee depreciation is when it loses value against dollar. For a nation like India where import is more than export, rupee depreciation makes things worse because imports get expensive. This increases the deficit. Rupee depreciation is not a good signal except for export driven companies.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">For Indian economy, which depends on oil import, any fall in rupee will impact its oil bill. This will increase inflation because of increased oil bill. Increased inflation eats into the returns of investors. Moreover, a high inflation reduces the economic activity and consumption.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Software companies, textile companies, and many other export driven sectors such as tourism are the ones where investors can think of investing. Their export becomes cheaper and hence they can sell more to the overseas clients. These companies will do well.<o:p></o:p></span></div>
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<b><span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Important points to keep in mind</span></b><span style="font-size: 12pt; line-height: 18px;"><o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Since the global crisis is yet to stabilize, there will be extreme fluctuation of currency or rupee. Greek crisis, Eurozone, America’s growth, and many other factors will impact the currency rate. Investors are advised to trade based on currency fluctuation only when they have some expertise in this. There will be times when rupee fluctuation may not impact individual companies or sectors because of other factors present. For example, if rupee depreciates against dollar further, there is not much chance that software industry will improve its income as they did in the past. They have become quite matured and going from here to the next level will require different ways to develop software.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 18px;">Finally, the rupee dollar exchange rate will remain volatile till the crisis persists. Hence investors should practice caution when investing in exchange rate sensitive sectors.</span></div>
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Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com4Chaheru Khusropur Link Road, Chaheru, Punjab, India31.253646 75.702983731.2400715 75.683242700000008 31.2672205 75.7227247tag:blogger.com,1999:blog-7680533854606640649.post-86989638829720454892012-01-30T07:29:00.000-08:002012-01-30T07:29:11.170-08:00Where and how to find the money for your entrepreneurial dream<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;">The signs are
everywhere. Students, women, yuppies, the unemployed, those facing a mid-life
crisis, and a whole lot of other categories have succumbed to the e-bug.
Frankly, the environment has never been more conducive. Of course, the risks
associated with start-ups remain (see Hurdles you will face), with more than
50% of all start-ups failing within the first five years.<span class="apple-converted-space"> </span><br />
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It's just that landing funds to fuel your venture is easier than ever before.<span class="apple-converted-space"> </span></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Venture-Intelligence"><span style="color: windowtext; mso-bidi-font-size: 10.0pt; text-decoration: none; text-underline: none;">Venture Intelligence</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;">,
a research firm focused on<span class="apple-converted-space"> </span></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/venture-capital"><span style="color: windowtext; mso-bidi-font-size: 10.0pt; text-decoration: none; text-underline: none;">venture capital</span></a></span><span class="apple-converted-space"><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"> </span></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;">and
private equity deals in India, says there are 43 angel networks, 111 venture
capital investors and 37 incubators in the country<span class="apple-converted-space"> </span><br />
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<b><i>Also read:<span class="apple-converted-space"> </span></i></b></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/opinion/interviews/ET-WEALTH-Its-worse-to-borrow-from-your-father-in-law-than-a-VC-Anand-Lunia-Seedfund/articleshow/11668485.cms"><span style="color: windowtext; mso-bidi-font-size: 10.0pt; text-decoration: none; text-underline: none;">It's worse to borrow from your father-in-law than a VC:
Anand Lunia, Seedfund.<span class="apple-converted-space"> </span></span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"><br />
</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/ET-WEALTH-Hurdles-that-budding-entrepreneurs-face-and-how-to-overcome-them/articleshow/11668571.cms"><span style="color: windowtext; mso-bidi-font-size: 10.0pt; text-decoration: none; text-underline: none;">Hurdles that budding entrepreneurs face and how to
overcome them<span class="apple-converted-space"> </span></span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"><br />
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We have certainly come a long way from the days when bootstrapping-falling back
on savings, fixed assets, and money from friends and family-was the only
option. Nonetheless, this is still the most preferred starting point for a
majority of new businesses.<span class="apple-converted-space"> </span><br />
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The trouble with bootstrapping is that it usually means scrimping on capital,
which, in turn, curtails the start-up's flexibility and ability to grow. There
is also a very real risk of fledgling entrepreneurs overleveraging themselves.
Says Nishant Verman, associate, Canaan Partners: "It is not uncommon to
see entrepreneurs taking a huge credit card debt for their start-ups. They
should take calculated risks and not become reckless."<span class="apple-converted-space"> </span><br />
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A less risky way to raise seed capital is to pool resources with a group of
people who have shared interests and work together to escalate a business idea
to at least a prototype. This is how the Bangalore-based CustomerXPs, a
software product company, stockpiled its seed capital of Rs 2 crore.<span class="apple-converted-space"> </span><br />
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"I came across Aditya Lal, Balaji Suryanarayana and Sandhya V, all people
with whom I had worked earlier, and decided to set up my venture with them. All
of us invested equal amounts of money in the start-up and have equal
stakes," says Rivi Varghese, CEO, CustomerXPs.<span class="apple-converted-space"> </span><br />
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However, if you are sure of the scalability of your venture and are not
obsessive about retaining independent control, private funding could be the
best option. This type of funding comes in various forms, each typically
catering to different stages of a start-up, such as the seed stage, early stage
and growth stage. Here are some of the options<span style="background: #FEF1E0;">.<span class="apple-converted-space"> <o:p></o:p></span></span></span></div>
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</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/ANGEL-INVESTORS"><b><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">ANGELINVESTORS</span></b></a></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
These are high net worth individuals, who invest in a start-up in return for a
minority share in the business. They are usually serial entrepreneurs or heads
of major multinational firms. They can also be a group of individuals who pool
in funds to invest. The key networks include</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Mumbai-Angels"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Mumbai Angels</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">, Indian
Angel Network, Hyderabad Angels, Pune Tech Angels, Business Angel Network of
Kerala and East Angels.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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The duo zeroed in on the angel option for their company which digitises
documents. "We got Rs 1.5 crore within 30 days of sharing the business
idea," says Mahajan. He feels this route is quicker than a</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/bank-loan"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">bank loan</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">and
easier than the venture capital option. "The more unique a business idea,
the harder it is to convince a venture capital firm or a bank. An angel
investor invests in the entrepreneur's credentials, not the company's,"
adds Chand.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
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<b>How angel investing works</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Angels typically come into the picture at a start-up's seed stage, when the
business idea is just a concept. The wannabe</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/entrepreneur"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">entrepreneur</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">has no
team, no product and no customers. The business plan itself is very iffy. So what
draws an angel's attention? Business ideas that have the potential to generate
solid returns, as well as the person behind it, but they are basically in it
for altruistic reasons. Says Saurabh Srivastava, co-founder, Indian Angel
Network: "Angels like mentoring an entrepreneur and nurturing a start-up
in its initial stage."</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
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Since all start-ups are risky propositions at this stage, angels typically
don't put in a huge sum. "We invest in start-ups that are unlikely to draw
the interest of venture capitalists since the size of investment is rather
small, from Rs 50 lakh to Rs 5 crore, depending on the angel approached and the
business idea. Only in special circumstances will the deal size stretch to Rs
10 crore," adds Srivastava. In return, they take a 20-30% stake in your
firm.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
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<b>Benefits</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Angels are patient investors; they typically remain invested for 7-8 years.
They review the progress regularly and are even willing to go back to the
drawing board, if required. "Angel investing provides an immediate induction
of more minds, which helps in efficiently strategising for the challenges that
can be faced by start-ups," says Siddhartha Nigam, partner, M&A, at
Grant Thornton, a managed accounting and consulting firm.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
No wonder Sasha Mirchandani, co-founder of Mumbai Angels, claims that
angel-backed companies tend to do better than the ones that directly approach
venture capital investors. You can also expect quick access to funds. It can
take anywhere between a day and three months to close a deal.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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<b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Drawbacks</span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
The concept of angel funding is still at a nascent stage in India, so they are
difficult to find. You need to boast the right contacts/professional network to
bag such funding, besides having the right credentials. Says Srivastava:
"Factors like the entrepreneur's reputation, integrity, clarity of mind
and his response to feedback are important for me. He should also be a good
listener."</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Mirchandani, on the other hand, is more concerned with the capital efficiency
of a business idea. "We write small cheques, so the start-ups approaching
us need to be extremely careful with the capital," he explains. This is
why so many IT start-ups, typically both capital-efficient and easily scalable,
find favour with angel investors.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
However, as Verman stresses, easy funding is still difficult to come by.
"India is no Silicon Valley, where a super angel like Mike Maples will
invest in a product when it's no more than a blueprint sketched on a notepad,
as in the case of</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Twitter"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Twitter</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">,"
he warns.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>Hot sectors</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
"Currently, angels are interested in funding education, mobile value-added
services and apps, innovations in healthcare and rural entrepreneurship,"
says N Muthuraman, director, RiverBridge Investment Advisors, a boutique
financial advisory firm.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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<b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">VENTURE CAPITAL</span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
For the uninitiated, venture capital firms invest their shareholders' money in
start-ups in return for a minority share in the company.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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Before he got lucky with Draper, Kacker's idea of producing coffee-table books
had been rejected by about 15 venture capital firms. "Be absolutely sure
of your business plan before you go to a venture capitalist," he says.
Incidentally, he recommends starting with angels. He too had approached angel
investors, but took the venture capital route as he needed more money.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>How venture capital works</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
They typically invest at an early stage of a start-up; unlike angels, precious
few are willing to back an idea at the concept stage. That's logical, because a
start-up needs more funds at the early stage when the working capital
requirement is high. This is when the fatter cheques of venture capitalists
come into play. Venture capital firms have been known to help start-ups
organise the next round of funding as well.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Says Arvind Modi, associate vice-president (investments),</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Gujarat-Venture-Finance-Ltd"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Gujarat Venture Finance Ltd</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">, which
provides venture capital to tech start-ups: "We like ventures where the
product or service is established and the start-up requires funding for
commercialisation or scaling up of operations. Venture capital players may not
invest in research and development activities."</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
However, there are exceptions. Many firms, such as</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><a href="http://economictimes.indiatimes.com/topic/Accel-India-Venture-Fund"><span style="color: windowtext; mso-bidi-font-size: 11.0pt; text-decoration: none; text-underline: none;">Accel India Venture Fund</span></a>,</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Sequoia-Capital"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Sequoia Capital</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">,</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><a href="http://economictimes.indiatimes.com/topic/Seedfund"><span style="color: windowtext; mso-bidi-font-size: 11.0pt; text-decoration: none; text-underline: none;">Seedfund</span></a>, Ncubate Capital, Nexus India Capital
and</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Draper-Fisher-Jurvetson"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Draper Fisher Jurvetson</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">(DFJ),
are increasingly willing to provide seed stage funding, but let us consider the
thumb rules.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">A typical player is willing to put $2-8 million (Rs
10-40 crore) in return for a 10-40% stake in the start-up, say industry
insiders. If the investment amount is higher, the venture capital firm may
choose to take a minority stake and invest the balance in convertible
instruments, such as debentures and preference shares.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
If you are planning to approach a venture capital firm, be prepared to answer
questions on the kind of bond you share with your business partner or the
rapport with your team. Don't balk. Seeing their investment going down because
of a silly feud between the core team members in a start-up is the last thing
they want.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Also, these investors usually don't believe in one-man shows; it is risky if
everything depends on one person. "Unless an entrepreneur is very
experienced, he won't be able to deal with the challenges posed by a start-up
single-handedly," adds Verman.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
You will also need to have an exit strategy. The basic purpose of any venture
capital investor is to sell his stake for a profit after 4-5 years. So, cover
options for the next round of investment, typically from a private equity
player, the possibility of an IPO or a potential buyer, along with an
approximate exit valuation, in your presentation.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>Benefits</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
This is practically the only option that gives entrepreneurs access to deep
pockets at a time when they are trying to build the company. Private equity's
fatter cheques are typically reserved for mature companies. You also get expert
help and access to the firm's entire network<o:p></o:p></span></div>
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<b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Drawbacks</span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
"Venture capital funds in India are risk-averse; they require proof of
concept and decent revenue visibility before investing," says Muthuraman.
In addition, each player will have sectoral preferences. They don't just offer
you funds for your business, but also bring along their expertise.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
If they do not have prior experience in investing or running a business in your
sector, they won't be able to understand your business and, hence, will not
invest in it. "So if you are a healthcare company, there is no point
approaching an early-stage tech-focused firm like ours," says Verman.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Also, a typical player expects an internal rate of return of 25% on the
investment in 4-5 years. "To meet the expectation, the company's
compounded annual growth should be over 25%," says Modi. A business with
low scalability may not be able to provide them with the desired returns on
their investment and, hence, will be rejected outright. The safest bets are the
ones where there is a business and professional connect.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
"It is a highly dilutive way of raising capital. It suits companies that
have very high scalability and don't need too much recurring capital,"
advises Muthuraman. Also, be prepared to wait for 3-6 months to close a deal.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Hot sectors</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>Hot sectors</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
The most sought-after sectors by this segment are biotech, mobile value-added
services, education, healthcare, e-commerce, IT-ITeS, infrastructure and green
technology.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>VENTURE DEBT</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
This is a medium-term loan that is exclusively provided to companies backed by
venture capital firms.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
How venture debt works.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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Batra sought venture debt because he saw it as a cheaper way of funding his
business. "This is a great option for a services firm like mine," he
says. The loan provider,</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Silicon-Valley-Bank"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Silicon Valley Bank</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">, was
comfortable with his venture capital backers and, hence, getting funds was not
difficult. His advice to aspiring entrepreneurs: get into venture debt as early
as possible.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>How venture debt works</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
The USP here is that no collateral is required to be eligible. Instead, venture
debt providers evaluate applicants on the basis of a start-up's fundamental
enterprise value, assessing how it will grow and, thereby, pegging its future
cash flow and ability to repay the loan. You can expect funding of Rs 2.5-20
crore, depending on the growth stage of company and the nature of requirement.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Says Ajay Hattangdi, managing director, SVB India Finance: "An experienced
founding team, a credible business plan and a solid venture capital investor
base are some factors that we would consider in our assessment." He adds
that the interest rates are fixed for the tenure of the loan and are
competitive compared with rates that SME clients can usually obtain from banks.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>Benefits</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Venture debt financing is structured specifically to support seed and
early-stage start-ups. Hence, it understands that a venture is prone to
volatility early in life and, consequently, provides more flexibility to
entrepreneurs. According to Muthuraman, this is a useful tool for an
entrepreneur wanting to minimise his equity dilution early on as it can bridge
the gap between the funds provided by the venture capitalist and his actual
requirement.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
These funds come with the least amount of restrictions and can be utilised for
any business initiative, from basic operations and working capital to
supporting capital expenditures and making acquisitions.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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<b>Drawbacks</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Apart from the interest on the loan, venture debt providers typically require
an equity kicker, or shares of your company, to compensate for the higher risk
taken. "The kicker enables us to get a share in the upside if the company
does well. It also enables us to keep our loan interest rate down to a
minimum," says Hattangdi<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-bottom: 12pt;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">LOANS
FROM</span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/NBFCs"><b><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">NBFCs</span></b></a></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">AND BANKS</span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
This is a standard option for entrepreneurs but not for seed-stage start-ups.
Says Sushil Munhot, chairman and managing director, Small Industries
Development Bank of India (SIDBI): "One should look at bank funding only
after the product has gone through seed or venture cycle and one wants to
commercialise it further."</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
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Instead of a business loan, he took a personal loan to fund his venture. Two
PSU banks junked the idea due to the dismal balance sheet. Finally, one bank
gave him Rs 5 lakh in 2005. Now that his venture is stable, he has borrowed `50
lakh against his Mumbai house. Shah likes the fact that he is not answerable to
an equity stakeholder, which is the case with angel investing or venture
capital.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>How bank loans work</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Usually banks and finance companies fund up to 80-90% of the loan-to-value
ratio (borrowed amount divided by the asset value you are purchasing or
refinancing), depending on the credit history of the borrower and the
collateral put up, be it property, machinery or marketable securities. Bank
loans can be availed of for short or long term, but the latter is usually given
to established start-ups.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
However, Muthuraman says banks now give importance to cash flow rather than the
primary security or additional collateral. Recognising the fact that the
collateral requirement deters many a start-up, particularly in the early
stages, the government and SIDBI have set up a</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Credit-Guarantee-Fund-Trust-for-Micro"><span style="color: windowtext; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; text-decoration: none; text-underline: none;">Credit Guarantee Fund Trust for
Micro</span></a></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">and Small Enterprises. The scheme
lends up to Rs 1 crore to small enterprises for working capital and capital
expenditure without collateral.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Incidentally, finance companies also offer collateral-free working capital
loans to small enterprises with at least three years of operations. "Such
loans are disbursed on the basis of historical cash flows and ability to
repay," says Kavi Arora, CEO, Religare Finvest. These are available at
interest rates of 16-20%, while loans against property cost 12-18%.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>Benefits</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
It is usually the cheapest source of funding and helps in controlling costs.
Besides, if a start-up maintains a healthy credit track record while servicing
the loan, access to all other sources becomes easier.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
<b>Drawbacks</b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
Such loans typically go to existing small businesses which have shown over
three years of profitability and credit history.</span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
<br />
Ultimately, the key to landing smart funding is to never lose hope. If you are
convinced that you have identified a genuine market need and that you can
actually implement your innovation, just put together a convincing business
plan and start scouting for suitors. This is one area where the more the cooks,
the better the broth. Sooner or later, someone is sure to say 'I will'<o:p></o:p></span></div>
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<b><span style="background: #FEF1E0; font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;">10 TIPS TO BECOMING YOUR OWN BOSS<span class="apple-converted-space"> </span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"><br />
<br />
<span style="background: #FEF1E0;">Essential lessons when you embark on the entrepreneurial
journey.<span class="apple-converted-space"> </span></span><br />
<br />
<b><span style="background: #FEF1E0;">Prepare your family<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"My wife wasn't too comfortable with my
entrepreneurial zeal, so we agreed to give it a year. If I failed to zero in on
something within this period, I would return to a job." -<span class="apple-converted-space"> </span><i>Rivi Varghese, Customer XPs.<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Plan your finances<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"You might not earn anything in the first
2-3 years, so you need to plan your family's finances accordingly. A capital
cushion is essential to ensure that your family lives comfortably." -<span class="apple-converted-space"> </span><i>Ashutosh Garg, Guardian Lifecare<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Forget the job perks<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"As a manager in a company, you are
accustomed to other people doing things for you. In a start-up, you have to
take care of everything yourself- from operational expenses to food
bills." -<span class="apple-converted-space"> </span><i>Jiggy George,
Dream Theatre<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Learn to cope with failure<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"I met 15 VCs before one agreed to fund
me. One investor rejected my proposal within five minutes of a presentation.
Instead, he spent an hour trying to convince me to go back to my job." -<span class="apple-converted-space"> </span><i>Kunal Bahl, Snapdeal<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Have a plan 'B' ready<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"After the first few months, we realised
that service was not our core competence. Besides, the margins were quite low.
This was the time we concluded that it was better to focus on products." -<span class="apple-converted-space"> </span><i>Rahul Anand, Happily Unmarried<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Don't take too much debt<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"If you are thinking of starting up, this
is the best time. But don't take a home loan since it kills entrepreneurship.
You can never get out of it." -<span class="apple-converted-space"> </span><i>Binny
Bansal, Flipkart<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Gain enough experience<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"I used to teach at a diving centre in
Lakshadweep. After teaching more than 600 students for eight years, I decided
to float my own diving company." -<span class="apple-converted-space"> </span><i>Anees
Adenwala,<span class="apple-converted-space"> </span></i></span></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 11.0pt;"><a href="http://economictimes.indiatimes.com/topic/Orca-Dive-Club"><i><span style="background: #FEF1E0; color: windowtext; mso-bidi-font-size: 10.0pt; text-decoration: none; text-underline: none;">Orca Dive Club</span></i></a></span><span class="apple-converted-space"><i><span style="background: #FEF1E0; font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"> </span></i></span><span style="font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"><br />
<br />
<b><span style="background: #FEF1E0;">Interact with like-minded<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"My partner Abhishek was running an
e-commerce portal, which was acquired by a bigger website. He expressed
interest in working with me and we launched our site." -<span class="apple-converted-space"> </span><i>Chetan Bafna, Fetise.com<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Believe in yourself<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"Belief in one's idea can take you a long
way. Our concept was ahead of its time, but I didn't give up on my vision. At
every step, there were people who ridiculed the idea. I had the last
laugh." -<span class="apple-converted-space"> </span><i>VSS Mani, Just
Dial<span class="apple-converted-space"> </span></i></span><br />
<br />
<b><span style="background: #FEF1E0;">Have a plan that is unique<span class="apple-converted-space"> </span></span></b><br />
<span style="background: #FEF1E0;">"The business plan should be unique and
clutter-free. An entrepreneur must look into his area of core competence and
use it to devise a strong plan." -<span class="apple-converted-space"> </span><i>Kavindra
Mishra, Zovi.com<span class="apple-converted-space"> <o:p></o:p></span></i></span></span></div>
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<span class="apple-converted-space"><i><span style="background: #FEF1E0; font-family: "Times New Roman","serif"; font-size: 13.0pt; mso-bidi-font-size: 10.0pt;"><o:p><a href="http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/where-and-how-to-find-the-money-for-your-entrepreneurial-dream/articleshow/11668201.cms?curpg=6" target="_blank">Source</a></o:p></span></i></span></div>
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</div>Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0tag:blogger.com,1999:blog-7680533854606640649.post-17018299498365629342012-01-06T22:14:00.000-08:002012-01-06T22:14:41.572-08:00Investers rights and obligations published by Abdul Zelani source nseindia.com<div dir="ltr" style="text-align: left;" trbidi="on">
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<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 10px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<span style="color: orange; font-size: x-large;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><br /></strong></strong></span></div>
<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 10px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<span style="color: orange; font-size: x-large;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Investor Rights and </strong></strong><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Obligations</strong></span></div>
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<span style="color: orange; font-size: x-large;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><br /></strong></span></div>
<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 10px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<span style="color: orange; font-size: x-large;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><br /></strong></span></div>
<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 10px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Investor Rights - Right To</span></strong></div>
<ul class="disc" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; font-family: Arial, Helvetica, sans-serif; line-height: 12px; list-style-type: none; margin-bottom: 0px; margin-left: 20px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Get Unique Client Code (UCC) allotted</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Get a copy of KYC and other documents executed</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Get trades executed in only his/her UCC</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Place order on meeting the norms agreed to with the Member</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Get best price</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Contract note for trades executed</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Details of charges levied</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Receive funds and securities on time</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Receive statement of accounts from trading member</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Ask for settlement of accounts</span></li>
</ul>
<div class="title" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: justify; vertical-align: baseline;">
<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Investor Obligations - Under Obligation To</span></strong></div>
<ul class="disc" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; font-family: Arial, Helvetica, sans-serif; line-height: 12px; list-style-type: none; margin-bottom: 0px; margin-left: 20px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Execute Know Your Client (KYC) documents and provide supporting documents</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Understand the voluntary conditions being agreed with the member</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Understand the rights given to the Members</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Read Risk Disclosure Document</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Understand the product and operational framework and deadlines</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Pay margins</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Pay funds and securities for settlement on time</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Verify details of trades</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Verify bank account and DP account for funds and securities movement</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Review contract notes and statement of account</span></li>
</ul>
<div class="title" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: justify; vertical-align: baseline;">
<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Rights to Remedies</span></strong></div>
<ul class="disc" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; font-family: Arial, Helvetica, sans-serif; line-height: 12px; list-style-type: none; margin-bottom: 0px; margin-left: 20px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Take up a complaint against member with the Exchange</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Take up a complaint against listed company</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">File arbitration against member if there is dispute</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Challenge the arbitration award before court of law</span></li>
</ul>
<div class="title" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; font-family: Arial, Helvetica, sans-serif; line-height: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: justify; vertical-align: baseline;">
<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Obligation Towards Remedies</span></strong></div>
<ul class="disc" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; font-family: Arial, Helvetica, sans-serif; line-height: 12px; list-style-type: none; margin-bottom: 0px; margin-left: 20px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Take up complaint within reasonable time</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">Complaint to be supported by appropriate documents</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">When additional information is called for provide the same</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: large;">To participate in resolution meetings</span></li>
<li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; border-bottom-width: 0px; border-color: initial; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-style: initial; border-top-width: 0px; clear: both; line-height: 14px; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 7px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="font-size: 19px;"><br /></span><span style="font-size: large;">Sorce:</span><span style="font-size: 1.2em;"> <a href="http://nseindia.com/invest/content/inve_rights_ob.htm" target="_blank">NSE</a></span></li>
</ul>
</div>Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0tag:blogger.com,1999:blog-7680533854606640649.post-31173725824818516692011-12-03T11:30:00.001-08:002011-12-10T05:26:41.914-08:00Do you remember Lehman Bros and Subpime crisis,Unde Water loans in USA<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="Apple-style-span" style="font-size: large;">Do you remember Lehman Bros and Subprime crisis,Unde Water loans in USA</span><br />
<span class="Apple-style-span" style="font-size: large;"><br /></span><br />
<br />
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="background: #F0F0F0; border-collapse: collapse; border: none; mso-border-alt: outset #2861A6 1.5pt; mso-padding-alt: 0cm 0cm 0cm 0cm; mso-yfti-tbllook: 1184; width: 78.0%;">
<tbody>
<tr style="height: 21.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td colspan="5" style="background: #2861A6; border: inset #294A7B 1.0pt; height: 21.0pt; mso-border-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 100.0%;" width="100%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><span style="color: white; font-family: 'Imprint MT Shadow';">Lows of
Global Indices in 2008-09</span><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 1;">
<td style="background: #2861A6; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: white; font-family: Calibri, sans-serif;">Index</span></b><o:p></o:p></span></div>
</td>
<td style="background: #2861A6; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: white; font-family: Calibri, sans-serif;">Closing Low</span></b><o:p></o:p></span></div>
</td>
<td style="background: #2861A6; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: white; font-family: Calibri, sans-serif;">Date</span></b><o:p></o:p></span></div>
</td>
<td style="background: #2861A6; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: white; font-family: Calibri, sans-serif;">Intraday Low</span></b><o:p></o:p></span></div>
</td>
<td style="background: #2861A6; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: white; font-family: Calibri, sans-serif;">Date</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 2;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">Dow Jones</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">6547.05</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">09-03-09</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">6469.95</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">06-03.09</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 3;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">S & P 500</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">676.53</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">09-03-09</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">666.79</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">06-03-09</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 4;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">Nasdaq Com</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">1268.64</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">09-09-09</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">1265.52</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">09-03-09</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 5;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">Nikkei 225</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">7054.98</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">10-03-09</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">6994.90</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">28-10-08</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 6;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">Hang Seng</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">11015.80</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">27-10-08</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">10676.30</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">27-10-08</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 7;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">CAC 40</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">2519.29</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">09-03-09</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">2465.46</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">09-03-09</span></b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 8;">
<td style="background: #ECF2FF; border-top: none; border: inset #294A7B 1.0pt; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">DAX</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
<span class="Apple-style-span" style="font-size: large;"><b><span style="color: #003399; font-family: Calibri, sans-serif;">3666.41</span></b><o:p></o:p></span></div>
</td>
<td style="background: #ECF2FF; border-bottom: inset #294A7B 1.0pt; border-left: none; border-right: inset #294A7B 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: inset #294A7B .75pt; mso-border-left-alt: inset #294A7B .75pt; mso-border-top-alt: inset #294A7B .75pt; padding: 0cm 0cm 0cm 0cm; width: 20.0%;" width="20%"><div align="center" class="MsoNormal" style="text-align: center;">
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</div>Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0tag:blogger.com,1999:blog-7680533854606640649.post-16809625906400806812011-11-28T10:40:00.001-08:002011-11-28T21:05:50.733-08:00FDI nod given, global retailers wait for more clarity<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div style="line-height: 16.5pt; margin-bottom: .0001pt; margin: 0cm; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">New Delhi:</span></strong><span class="apple-converted-space"><span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;"> </span></span><span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Global
retail giants, including IKEA, Walmart and Carrefour, are studying the finer
details of India’s relaxed FDI norms for the sector as they look to tap
opportunities in the country.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">In the meantime, while closely
watching developments post the changes, these firms are staying focussed on
their current operations in India that includes sourcing in case of IKEA, and
cash and carry businesses for Walmart and Carrefour.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 0.0001pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Welcoming the government’s move to allow 100 percent foreign
direct investment (FDI) in single brand retail, IKEA said in an email
conversation to<span class="apple-converted-space"> </span><em style="border-color: initial; border-style: initial;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;">Firstpost</span></em>, “We will now over the next few days look
into the details of the decision and we expect to present more information shortly
about our intention to establish retail operations.”<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">“India is since long a strong and
growing purchase market us,” IKEA added.</span><span style="color: white; font-family: "Arial","sans-serif"; font-size: 9.0pt;">Indian retail sector is currently
pegged at around $600 billion. Reuters</span><span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;"><o:p></o:p></span></div>
<div style="line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">India is since long a strong and
growing purchase market for IKEA, the Scandinavian furniture retailer said in
an e-mailed statement to PTI.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Even French multi-brand retailer
Carrefour that has already entered India through the cash and carry route is
closely watching the developments taking place here.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">“Carrefour will remain attentive
to the finalisation of this new regulation and continues the development of its
cash and carry operations,” the company said in a statement.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">The French retailer currently
operates two cash and carry stores in India.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Carrefour welcomes the Indian
Government’s decision to allow up to 51 percent foreign direct investment in
multi-brand retail, it added.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Echoing similar views, Walmart
said it is willing to invest in back-end infrastructure that will help reduce
wastage of farm produce, improve the livelihood of farmers, lower prices of
products and ease supply-side inflation.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">“We will need to study the
conditions and the finer details of the new policy and the impact that it will
have on our ability to do business in India,” Walmart India President Raj Jain
said.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Last week, the government approved
51 percent FDI in multi-brand retail, while completely opening the single brand
segment to foreign investors.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">According to sector observers, the
foreign retailers will prefer to adopt a wait and watch policy before they make
any announcements about their plans in India.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">“The picture is not very clear on
the multi-brand side, as there is confusion over 30 percent sourcing from SMEs.
Whether it is allowed to be done globally or only from India,” Enrst &
Young Partner Tax and Regulatory Services Prashant Khatore said.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">Secondly, there is also ambiguity
on the number of cities in which these retailers can open stores which is
dependent on the veto power of the states, Khatore added.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">In case of single brand retail, it
would vary from category to category, how companies approach this market.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">“Since the 30 percent sourcing
clause also applies to single-brand retail also, there has to be more clarity,”
Khatore said.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">“Looking into the current
situation, I do not think there would be immediate rush to open stores here.
Possibly people (foreign retailers) would want to wait till the government
comes out with a clear document,” he added.<o:p></o:p></span></div>
<div style="border-color: initial; border-style: initial; line-height: 16.5pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: -webkit-auto; vertical-align: baseline;">
<span style="color: #262626; font-family: "Georgia","serif"; font-size: 11.5pt;">As per FICCI estimates, the Indian
retail sector is currently pegged at around $600 billion, with modern retail
accounting for about 5 percent.<o:p></o:p></span></div>
<div class="TimesNew">
<o:p> Source <a href="http://www.firstpost.com/economy/fdi-nod-given-global-retailers-wait-for-more-clarity-142424.html" target="_blank">Firstpost</a></o:p></div>
</div>Anonymoushttp://www.blogger.com/profile/02071955168540613587noreply@blogger.com0Lovely Professional University,Punjab31.253646 75.702983731.2468585 75.6931132 31.2604335 75.71285420000001