India Investor News 11 March 2008

India Investments

 

Annual Mutual Fund Performance Report - Equity Linked Tax Saving Schemes (ELSS) Posted: 02 Mar 2008 03:24 PM CST Annual Mutual Fund Performance Report 2nd March 2008 – Investorline Yearly Performance (on the basis of Investment Strategy) of Mutual Funds (As on 21st Feb 2008). To view the full past performance record – Click here Provided by – Investorline Services   Equity Linked Tax Saving Schemes Funds Fund Size (Rs Cr)  Jan  08 1 Year  Since Inception CAGR Equity Linked Tax Saving Schemes       ABN AMRO Tax Advantage Plan 194.78 25.48 24.80 ...

Annual Mutual Fund Performance Report - Other Sector Funds Posted: 02 Mar 2008 03:24 PM CST Annual Mutual Fund Performance Report 2nd March 2008 – Investorline Yearly Performance (on the basis of Investment Strategy) of Mutual Funds (As on 21st Feb 2008). To view the full past performance record – Click here Provided by – Investorline Services Other Sector Funds Funds Fund Size (Rs Cr)  Jan  08 1 Year  Since Inception CAGR Other Sector Funds^       JM Auto Sector Fund 11.36 -4.86 22.65 JM Basic Fund 1311.27 ...

Annual Mutual Fund Performance Report - Pharma Sector Funds Posted: 02 Mar 2008 03:24 PM CST Annual Mutual Fund Performance Report 2nd March 2008 – Investorline Yearly Performance (on the basis of Investment Strategy) of Mutual Funds (As on 21st Feb 2008). To view the full past performance record – Click here Provided by – Investorline Services   Pharma Sector Funds Funds Fund Size (Rs Cr)  Jan  08 1 Year  Since Inception CAGR Pharma Sector Funds       Franklin Pharma Fund 41.33 -10.80 11.30 JM Healthcare Sector...

Annual Mutual Fund Performance Report - FMCG Sector Funds Posted: 02 Mar 2008 03:24 PM CST Annual Mutual Fund Performance Report 2nd March 2008 – Investorline Yearly Performance (on the basis of Investment Strategy) of Mutual Funds (As on 21st Feb 2008). To view the full past performance record – Click here Provided by – Investorline Services   FMCG Sector Funds Funds Fund Size (Rs Cr)  Jan  08 1 Year  Since Inception CAGR FMCG Sector Funds       Franklin FMCG Fund 26.30 9.20 16.09 ICICI Pru FMCG Fund ...

Annual Mutual Fund Performance Report - IT Sector Funds Posted: 02 Mar 2008 03:24 PM CST Annual Mutual Fund Performance Report 2nd March 2008 – Investorline Yearly Performance (on the basis of Investment Strategy) of Mutual Funds (As on 21st Feb 2008). To view the full past performance record – Click here Provided by – Investorline Services   IT Sector Funds Funds Fund Size (Rs Cr)  Jan  08 1 Year  Since Inception CAGR IT Sector Funds       Birla Sun Life New Millennium Fund 94.61 -6.83 3.63 DSP Merrill Lynch...

 

India Tax News 11 March 2008

Loan waiver half Budget estimate
Business Standard - Mumbai,Maharashtra,India
According to data culled from the Reserve Bank of India's Trend and Progress of Banking in India, apart from the Rs 10000-crore overdues from all farmers in ...
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India may lose global support for patent laws
Economic Times - Gurgaon,Haryana,India
Fiscal incentive (150% weighted deduction of R&D spend on computing income tax liability) has been another kind of government support. ...
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Budget '08 will make the world look at India's model of development
Economic Times - Gurgaon,Haryana,India
However, in the past, we have witnessed a proactive and extremely supportive initiative taken by the Government when a similar tax on bond markets was ...
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India's Industrial Output Growth Probably Quickened in January
Bloomberg - USA
Finance Minister Palaniappan Chidambaram said last week that his budget plan to cut duties and reduce the tax burden on individuals will spur demand and ...
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No decision on STPI tax holiday
The Statesman - Kolkata,India
KOLKATA, March 10: The year 2009 being the last year for the Software Technology Parks of India (STPI) to enjoy tax holiday, members of the Bharat Chamber ...
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Is income-tax holiday over for natural gas?
Sify - Chennai,Tamil Nadu,India
New Delhi: Is the finance ministry withdrawing the existing seven-year income tax holiday in exploration and production of natural gas? ...
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INDIA: Sales slow ahead of tax cuts
just-auto.com (subscription) - Bromsgrove,England,UK
Car sales in India grew just 2.3% year on year in February as customers put off purchases expecting a cut in taxes in the federal budget. ...
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Tax holiday withdrawal will hurt profitability: IOC
Hindu - Chennai,India
When there is an intent to make India a refining hub, why are we robbing it of tax incentives that are crucial for the survival of the units," he said.
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India's February Car Sales Rise at Slowest Pace in Two Years
Bloomberg - USA
India's car tax was as high as 32 percent in 2003. Tata Motors Ltd. plans to begin selling the Nano, set to become the world's cheapest automobile, ...
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Why not a pro-people budget? Chidambaram cannot propel growth
Organiser - New Delhi,India
The tax system would need to have accepted that the people of India are not the crooks and children that they were treated as by the British raj and since, ...
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Indian Financial; Markets News 11 March 2008

Metal bets rock L&T's Dubai arm
Economic Times - Gurgaon,Haryana,India
MUMBAI: Corporate India is discovering the pitfalls of international financial markets. A week after local highstreet banks announced hits from turbulent ...
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Choppy market: Investors adopting more realistic approach
Economic Times - Gurgaon,Haryana,India
However, the sky-high valuations of these companies came crashing down as the global meltdown dragged down the Indian market too, causing severe damage to ...
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Accountability is missing in China
Business Standard - Mumbai,Maharashtra,India
All that China needs is an efficient financial market and a well-maintained intellectual property rights system. I would say both (Indian and Chinese) ...
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Argentina's Redrado Says Emerging Markets Bearing Crisis `Well'
Bloomberg - USA
The problems, which started in August when credit markets seized up, forced central banks in December to move in concert to inject cash into financial ...
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Economic dilemma: Decoupled or shackled?
Economic Times - Gurgaon,Haryana,India
To begin with, one must appreciate the short-term divergence between financial markets and the real economy. When the US Fed cuts interest rates, ...
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India spot gold eases after prices decline in international markets
Forbes - NY,USA
MUMBAI (Thomson Financial) - Indian spot gold prices edged down Monday, dragged down by overseas trends, with domestic traders awaiting a further correction ...
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RBI set for a role reversal
Sify - Chennai,Tamil Nadu,India
The risk aversion mood among global investors has led them to shun equities, and their exposure to the Indian market has been reduced. ...
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Financial Times rewrites plans for India, to end Business Standard ...
Livemint - Delhi,Delhi,India
Network 18's primary owner and managing director Raghav Bahl has long wanted a financial daily to complement his market-leading business news channel as ...
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Fun News, Odd News 11 March 2008

Funny Seventies
Malaysia Star - Malaysia
A show like That 70s Show is clearly making fun of those archetypes – and that's fine, that works for that show – but it was a big thing for me to go like, ...
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Sex, '70s-style
Salon - USA
But the silly inter-sketch mini-vignettes, sending up the changing mores of the day, are still fun, even if they seem far cornier, more obvious and less ...
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The 7 Deadly Sins of Voice Chat
CVG Online - USA
They'll always be the odd person who takes things to heart, does a 180' on the starting line of the next race and spends the track just hunting us down. ...
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The Wrestling News Experience: 03.10.08
411mania.com - Sugar Land,TX,USA
... and at least this is inoffensive comedy fun. It's odd that the match where you're tied together by a normally illegal object ends when Booker gets hit ...
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The Art World
New Yorker - United States
Bizarre in the mind while lovely in the eye, they make for another odd halt, marked by mutual, cordial incomprehension. Then there's Rachel Harrison, ...
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SXSW: Race, Politics, And Drugs - A Harold And Kumar Panel
Cinema Blend - USA
Cho: It was odd. I was almost suspicious. It's gonna be a ninja movie! Schlossberg: I was very excited, I was like, we've written this movie. ...
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"Joseph" at Toby's: Where's the Colored Coat?
Broadway World - New York,NY,USA
That said, it still seems odd that this Joseph towers like a linebacker over every one of his adversaries. One could see this Joseph, with a little moxie, ...
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The thrill of the chase
Guardian - UK
Now, apart from the odd small wager and my filial 50ps, I've given up betting. Yet my love of racing, reborn as aesthetic appreciation rather than financial ...
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Ferrari Challenge Preview
PALGN - Australia
And it was surprisingly fun, even after jumping straight off the PS3 version. It reminded us of the earlier Ridge Racer games, with a slightly odd 'bumper ...
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India insurance News 11 March 2008

Detariff era fails to help PSU general insurers
Daily News & Analysis - Mumbai,India
... shows the four PSU companies - National Insurance, Oriental Insurance, New India Assurance and United India Insurance - together accounted for a fourth ...
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Low-cost airlines shoring up ancillary revenues
Business Standard - Mumbai,Maharashtra,India
So, you have a SpiceJet or GoAir trying to bundle you travel insurance with an air ticket or Air Deccan mining its customer base to cross-sell third-party ...
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Halifax Travel Insurance: Long-haul becoming popular for short breaks
Money News - Reading,UK
... with the Far East and India also popular destinations. Paul Birkhead, senior manager of pricing and underwriting at Halifax Travel Insurance, ...
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MetLife partners Viswas to up rural footprint
Business Standard - Mumbai,Maharashtra,India
As part of its diversified distribution approach, MetLife India Insurance Company Limited has entered into a corporate agency agreement with Hyderabad-based ...
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India's TcS eyes thai market with local partner Firstech
Nation Multimedia - Bangkok,Thailand
Indian software firm Tata Consultancy Services (TCS) plans to expand into Thailand, focusing on three sectors: insurance, banking and finance and government ...
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India's Mastek buys US-based insurance firm for $29 mn
Mangalorean.com - Mangalore,India
STG provides software solutions to the property and casualty segment of the insurance industry. According to a Mastek spokesperson, the acquisition is the ...
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MetLife ties up with retail chain to enter rural mkt
Economic Times - Gurgaon,Haryana,India
10 Mar, 2008, 1616 hrs IST, PTI HYDERABAD: MetLife India, a subsidiary of the global insurance giant, on Monday entered into a strategic tie up with Viswas, ...
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Mastek Makes Second Insurance Acquisition in USA
Business Wire India (press release) - New Delhi,India
Headquartered in New York with a fully integrated offshore competency centre in Mumbai (India), STG leverages its enterprise applications "Renaissance" ...
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LIC Housing to combine reverse mortgage with insurance plan
Trading Markets (press release) - Los Angeles,CA,USA
MUMBAI, India, Mar 01, 2008 (The Economic Times - McClatchy-Tribune Information Services via COMTEX) -- LHFLF | news | PowerRating | PR Charts -- LIC ...
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Indian Govt Asks TV Channels Not to Screen Ad Calling Daughters a ...
MedIndia - Chennai,India
The federal government of India has directed TV channels not to screen an ad from a life insurance firm calling girl children a burden. ...
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Indian Mutual Funds News 11 March 2008

Six Things Your Mutual Funds Should Do
FOXBusiness - USA
NEW YORK -- The mutual fund industry is a quagmire of money-losing tricks and traps. But if you are patient and persistent, you can still find funds that ...
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Cash-rich mutual funds may turn buyers, finally
Business Standard - Mumbai,Maharashtra,India
Typically, mutual funds launch NFOs to raise money since the mutual fund penetration in India is low. Consequently, the money that comes into an NFO is ...
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Baer Cap to launch two India-centric hedge funds
Business Standard - Mumbai,Maharashtra,India
The Growth Fund will be akin to a conventional mutual fund, showing daily NAVs, and invest mainly in large caps with long-only equity strategy. ...
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CRISIL presents MF of the year Award to Birla Sun Life
Moneycontrol.com (press release) - Mumbai,Maharashtra,India
CRISIL FundServices, in association with CNBC– TV 18 and Karvy, presented the CNBC-TV18 – CRISIL Mutual Fund Awards for outstanding Mutual Fund Performance ...
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I'm Bucking the Trend
Motley Fool - USA
By Selena Maranjian March 10, 2008 Flip through the pages of any financial magazine, and you'll see countless ads for mutual funds. ...
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India fund assets to reach $440 bln by 2012 - McKinsey
Reuters India - Mumbai,India
India has 33 fund houses, which managed 5.7 trillion rupees ($141.12 billion) at the end of February, data from the Association of Mutual Funds in India ...
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Indian shares close down 0.32 per cent in volatile trade
Hindustan Times - India
Indian shares closed 0.32 per cent lower on Monday in volatile trade that saw large-scale buying by domestic mutual funds, dealers said. ...
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The top mutual funds in Feb
Rediff - Mumbai,Maharashtra,India
It can be safely assumed that close-ended NFOs will soon lose favour with fund houses. Both Foreign Institutional Investors (FIIs) and mutual funds were net ...
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Indian investors look beyond all-stock portfolios
Reuters India - Mumbai,India
... rally in Indian stocks, retail investors are now slowly turning to other asset classes and markets to boost returns, mutual fund officials said. ...
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DSPML MF launches Natural Resource and Energy Fund
Myiris.com - Mumbai,Maharashtra,India
DSP Merrill Lynch Mutual Fund has launched, DSP Merrill Lynch Natural Resource and Energy Fund. The scheme opens for subscription on Mar. ...
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Indian Markets News 11 March 2008

Decouple from western markets
Economic Times - Gurgaon,Haryana,India
The deep correction in the market that began early January has made valuations of blue-chips very attractive. There is no reason why Indian markets should ...
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Has the stock market bottomed out?
Economic Times - Gurgaon,Haryana,India
The Indian financial markets have also been witnessing sustained volatility and clearly global cues are the deciding factor, in the absence of any strong ...
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Indian shares close flat on value buying; Bharti, Reliance Petro ...
Hemscott - London,UK
Indian markets opened lower today fell further with the BSE Sensex touching an intra-day low of of 15332.42 points, within striking distance of the lowest ...
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Further 10-15% downside likely in Indian
Moneycontrol.com - Mumbai,India
He thinks that there is room for further correction across Asian markets. Derby told CNBC-TV18 that a further 10-15% downside is likely in Indian markets. ...
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Indian shares trade near 2008 lows; L&T sheds over 9 pct
CNNMoney.com - USA
Traders will be eyeing this level for cues on what direction the market is headed in the medium-term. 'The downtrend in Indian markets is primarily due to ...
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Indian Market Opens Sharply Lower []
RTT News - Williamsville,NY,USA
3/10/2008 12:45:43 AM Monday, Indian shares were trading sharply lower, tracking weak cues from global markets. At 9:59 am local time, the Sensex was down ...
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Tata Motors: Ready to Invest in Select Indian Stocks
Seeking Alpha - New York,NY,USA
The Indian market has been highly volatile lately and, as I write this, the BSE Sensex has dropped another 908 points or 5.17% but Tata Motors appears to be ...
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Bear-grip bodes more discomfort
Sify - Chennai,Tamil Nadu,India
Global financial markets are quite uncertain and complex at the moment and one should refrain from trading in such a market." The Indian market's ...
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Indian Investments News 11 March 2008

Indian Investments

Incentives sought as rupee rise hurts NRIs
Gulf Daily News - Manama,Bahrain
Mr Prabhu said the NRIs remitted at least $30 billion to India every year. "Our foreign direct investment is not even half of this amount, and our portfolio ...
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No discrimination against India in new point-based visa system
Economic Times - Gurgaon,Haryana,India
UK is the third largest investor in India with cumulative FDI of 4.13 billion dollars. Indian investment in the UK during 2006-07 in 76 projects generated ...
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Reality May Thwart Plans for India Fund
Wall Street Journal - USA
By HARSH JOSHI MUMBAI, India -- Sovereign-wealth funds may be blossoming elsewhere in Asia, but India's plans to create its own investment fund aren't ...
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FDI press notes get stuck at commerce ministry
Economic Times - Gurgaon,Haryana,India
Differentiation between FDI and FII investments in the real estate sector has also not been notified so far. According to highly-placed government sources, ...
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`Our focus is on exports from villages`
Business Standard - Mumbai,Maharashtra,India
Exim Bank facilitates two-way technology transfer by financing import of technology and investments abroad by Indian companies for setting up joint ventures ...
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ASHWANI KUMAR AND DUKE OF YORK STRESSES FOR ENHANCING TRADE AND ...
Press Information Bureau (press release) - New Delhi,India
Dr. Ashwani Kumar mentioned the significance of major UK investments in India like Vodafone, Virgin, Huges, Marconi & E-com in Telecommunication sector, ...
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India Stocks Decline; Larsen Falls on Commodity Trading Losses
Bloomberg - USA
ICICI Bank extended losses after reporting March 4 that it wrote down $264 million of overseas investments, the biggest loss disclosed by an Indian bank ...
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Slovakia keen to attract Indian investments
Myiris.com - Mumbai,Maharashtra,India
Amid Slovakia`s keen interest to attract investments from India, a high-level delegation from the European country will arrive in New Delhi today (March 10) ...
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India invites Canadian investment in mining
SteelGuru - Gurgaon,Haryana,India
ET reported that Indian government has invited Canadian investment in India's mining sector while announcing that new mining policy to encourage foreign ...
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Indian Oil Losing 1.8 Billion Rupees Daily on Retail Fuel Sales
Bloomberg - USA
Separately, the Indian government's decision to withdraw a tax holiday for refinery projects in the budget announced on Feb. 29 will hurt investments, ...
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Investorline Services News

Investorline Services

Coming Death of Indian Outsourcing [Digg] Posted: 10 Mar 2008 01:30 PM CDT Coming Death of Indian Outsourcing

Paradox of our times [Digg] Posted: 10 Mar 2008 01:27 PM CDT *George Carlin comedian of the 70 s and 80 s wrote the following eloquent and appropriate piece on our times:*The paradox of our times in history is that we have taller buildings but shorter tempers, wider freeways, but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less. We have bigger houses and smaller families, more

Women Working 60 Hrs. In A Week To Stay With Men : ASSOCHAM [Digg] Posted: 10 Mar 2008 01:16 PM CDT In their desire to stay ahead with men and create a niche for themselves in competitive economy, majority of Indian women now put in over 60 hours of work in a week, the practice quite prevalent with male employees even at cost of their safety and security, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Indian BPO Industry - BPO 2008: The Year Ahead [Digg] Posted: 10 Mar 2008 01:13 PM CDT The sub-prime mortgage crisis and the weakening of the US Dollar have rendered several rude shocks to the outsourcing industry in 2007. Indian companies were especially hit as the Rupee appreciated by 10.9% in the last 12 months (14.2% in the last 15 months) against the US Dollar. Investors, analysts and the media have been speculating about the

History of Leap Year [Digg] Posted: 10 Mar 2008 01:12 PM CDT History of Leap Year

Latest Dividend Report Posted: 10 Mar 2008 02:55 AM CDT Declaration of dividend under Reliance Vision Fund, Reliance NRI Equity Fund, and Reliance Interval Fund" for the record date of 14th, March 2008, which was published yesterday - March 9, 2008 in Financial Express & Nav Shakti. Dividend Details are as below. Upcoming / Declared Dividends Diversified Equity Funds Dividend Record Date Div.Yield (%) Reliance Vision Fund 70% 14-Mar-08 12.64 Reliance NRI Equity Fund 15% 14-Mar-08 6.62 Kotak Opportunities Fund 20% 14-Mar-08 11.14 Franklin India Flexi Cap Fund 30% 12-Mar-08 16.18 Tata Infrastructure Fund 10% 11-Mar-08 4.05 Note: Dividend Yields for upcoming dividends are calculated with the NAV as on 5th March, 2008. Mutual Fund – Transact Online            Invest in Mutual Fund - Offline Investorline indiainsured@aol.com