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Author Archives: wealth18

Bulk Deals by Mutual Funds in 2014

bulk-deals-by-mf

Last updated : 11th June, 2014 In this post, I am trying to list all the Bulk deals done by Mutual Funds in India. This gives an idea of what Mutual funds are betting on. Bulk Deals by Mutual Funds in June 2014 EXC Date Company Client Tran Qty Traded Price BSE 10-Jun-14 Kirloskar Ferro ICICI PRUDENTIAL MUTUAL FUND Sell 782567 38 BSE 09-Jun-14 Prism Cement HDFC MUTUAL FUND Buy 12107022 71.5 NSE 06-Jun-14 Gateway Distri ICICI PRUDENTIAL MUTUAL FUND Buy 1000000 228 BSE 05-Jun-14 Praj Industries HDFC MUTUAL FUND Buy 11000000 75 Bulk Deals by Mutual Funds in May ... Read More »

Companies can accept deposits without deposit insurance till 31.03.2015

company-deposit

Last updated : 11th June, 2014 In view of the suggestions received from the stakeholders to give transitional period for complying with the deposit insurance requirements, the amendment in the relevant rule has been made allowing companies to accept deposits without deposit insurance for one year i.e. till 31.03.2015. Ministry of Corporate affairs Notification dated 6 June 2014. Background The Companies Act, 2013, which became effective from April 1, 2014, makes it mandatory for companies to buy insurance cover for fixed deposits, in the absence of which they will have to pay penalty. As of now not a single insurance ... Read More »

RBI simplifies KYC norms for opening of bank accounts – Local Residence Proof Not Required

INDIA-ECONOMY-RBI

Last updated : 11th June, 2014 RBI has now relaxed the Address proof requirements for opening Bank Account. Now, a bank account can be opened with just one address proof, permanent or local.  This will help migrant workers and employees with transferable jobs who at present face cumbersome procedure to access banking services. RBI said that only one documentary proof of address (either current or permanent) will be required while opening a bank account or while undergoing periodic updation. In cases where customer is not able to furnish local proof of address, the bank may take a declaration of the ... Read More »

Employer can cap PF contribution limit to Rs 6500 Basic Salary – New EPFO Notification & Supreme court ruling

epfo-limit-cap

Last updated : 7th October, 2016 As per New Notification issued by EPFO & Supreme court ruling, Employer can cap PF contribution limit to Rs 6500 Basic Salary. On May 27, 2014, the Employee Provident Fund Office issued a circular permitting Companies to limit its PF contributions against the required salary ceiling limit of INR 6,500 per month. Earlier, such PF contributions was calculated as 12% of Basic Salary. Under Provident Fund (PF) regulations, PF is computed at 12% (for both the employer and employee contributions) against ‘basic wages’. The minimum statutory limit against which such PF is to be computed ... Read More »

Major Stock Deals / Top Brokerage Recommendations

expensive-stocks-best-performers

Last updated : 30th June, 2014Recommendations (11 June-2014) TVS Motor  ( Deutsche) Grasim   (JPMorgan) Kotak Mahindra Bank (Deutsche) Maruti Suzuki   (Target Rs 2900 – Bank of America Merill Lynch) Sun Pharma ( Target 717 – Barclays) Bharti   ( Target 415  – CLSA)   PTC India –    Macquarie Emerging Markets Asian Trading PTE Limited bought 15,76,800 shares @ 100.58 Strides Arcolab –   Morgan Stanley Asia (Singapore) PTE bought 3,26,212 shares @ 623.62 Logix Microsystems –   Morgan Stanley Asia Singapore PTE bought 5,69,428 shares @ 12.51 Prism Cement – HDFC MF bought 1.21 crore shares @ 71.50 Gateway Distriparks – ICICI MF ... Read More »

RBS top Stock Picks for Medium to Long term

rbs

Last updated : 11th June, 2014 RBS has released a list of stocks which they think will outperform the market in medium to longer term 1. Indian Olympians II – can give 5% more return than Index ASIAN PAINTS BATA CUMMINS CRISIL DABUR DIVI’s lab HDFC BAnk INFOSYS Sun Pharma TCS 2. Opportunist – can give 10-50% returns GVK POWER CROMPTON IVRCL TEXMACO GUJARAT PIPAVAV   Read More »

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Holiday Packages & Flight+Hotel Booking

icici-holiday-makemytrip

Last updated : 5th June, 2014 ICICI Bank Offers following discounts on n Holiday Packages & Flight+Hotel Booking if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes MakeMyTrip Holiday Packages     Domestic Holidays 4% cash back       Maximum cash back Rs 8000 per booking ID (Online)     Use Deal Code – ICICIFDH     Maximum cash back Rs 2000 per booking ID (Online)     Use Deal Code – ICICINDH     International Holydays 6% cash back     Maximum cash back R 3000 per booking ID (Online)     Use Deal Code – ICICIIH Steps ... Read More »

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Rail Ticket Booking IRCTC

irctc-myntra-offer-icici

Last updated : 5th June, 2014 ICICI Bank Offers following discounts on Bus Tickets bookings if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes Offer 1 –  IRCTC Myntra Offer Offer for ICICI Bank Net Banking customers –  Book a train ticket on IRCTC using ICICI Bank Internet Banking  & Enjoy a flat 37% discount at www.myntra.com Offer valid till July 31, 2014 Steps to avail of the offer: Visit www.irctc.co.in Book your train tickets using ICICI Bank Net Banking You will get a promo code in your secured inbox and/or ... Read More »

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Bus Ticket Booking

Bus-Offer

Last updated : 5th June, 2014 ICICI Bank Offers following discounts on Bus Tickets bookings if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes MakeMyTrip Bus Tickets Booking Offer Flat 5% cashback* on bus booking  at www.makemytrip.com  ( Maximum cash back of Rs 100) Use promo code “ICICIBUS” Vaild on online booking only The offer is not applicable on OSRTC, UPSRTC buses, Luxaria travel, BSRTC, Punjab Roadways and other State Road Transport corporations Offer vaild till June 30, 2014 Make payment online using ICICI Bank Net Banking, Credit Card or Debit ... Read More »

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Hotel Bookings

icici-bank-hotel-offers

Last updated : 5th June, 2014 ICICI Bank Offers following discounts on Hotel bookings if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes   Offer 1 –   MakeMyTrip Domestic Hotels Get up to 15% cashback on booking hotels at www.makemytrip.com ( max Rs 3000 per booking ID) Offer valid on minimum booking of Rs 3000 Enter promo code ‘ICICIHOT’ Offer valid till June 30, 2014 Make payment online using ICICI Bank Internet Banking, Credit Card or Debit Card Offer 2 – Infibeam Domestic Hotels offer Get 10% off on Domestic Hotels  ... Read More »

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