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Jun112014 by wealth18.comNo Comments

Extra points for International purchases or travelling by using ICICI Debit Card

Earning Points - While traveling abroad, use ICICI Debit Card abroad for shopping,dining, ticket booking and earn 10 points for every Rs 200 spent. Also applicable on purchases made on International websites. Redemption - The earned Reward Points can be redeemed at www.payback.in and at PAYBACK partners like Big Bazzar, MakemyTrip and also Gift vouchers for many more. Editor' s Note - When you make an expense of Rs 2000o on International purchases, you will get 1000 Payback points. Normally, 1000 points can be redeemed for voucher worth Rs 250. It means, you will get benefit of approx 1.25% on your transactions.

Jun112014 by wealth18.comNo Comments

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Online Shopping

Offers/ Discounts

ICICI Bank Offers following discounts on Online Shopping at various retailers if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes eBay Offer Additional 6% off Maximum Discount Rs 500 www.ebay.in/icici Code :Net Banking "ICICIN2014" & Credit Card "ICICIC2014" & Debit Card"ICICID2014" Expires on 30/06/2014 Jabong UP TO 30% OFF on minimum purchase of Rs 1599 CODE - ICICP30PJB + 2 MOVIE TICKETS Applicable on Apparel, Shoes, Bags, Fragrances, Home & Furniture Sunglasses, Jewellery (except gold and precious), excluding Nike, Adidas, Casio, Puma Expires on 30/06/2014 Monginis www.monginis.net 15% off* onpurchase of Rs.190 and above code '6PUEW' Expires on 31/3/2015 Ferns n Petals www.fnp.com/flow...

Jun112014 by wealth18.comNo Comments

Bulk Deals by Mutual Funds in 2014

Stocks

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 2014 NSE 30-May-14 Astra Microwave HDFC MUTUAL FUND Buy 450001 108.97 NSE 30-May-14 Venkys RELIANCE SMALL CAP FUND Buy 50000 480 NSE 27-May-14 Sintex Ind CREDIT AGRICOLE ASSET MANAGEMENT SINGAPORE LIMITED (SOFT/BL Buy 1612470 ...

Jun112014 by wealth18.comNo Comments

Companies can accept deposits without deposit insurance till 31.03.2015

News

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 company is offering the product. General insurers say they are looking to offer cover that would insure corporate deposits and are in talks with the regulator (Insurance Regulatory and Development Authori...

Jun112014 by wealth18.comNo Comments

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

News

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 local address on which all correspondence will be made by the bank with the customer. No proof is required to be submitted for such address for correspondence/local address. This address may be verified by bank through posi...

Jun112014 by wealth18.comNo Comments

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

News, PF

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 is Rs 6,500 per month. The employer and employees have an option to make PF contributions on salary payments in excess of Rs 6,500 per month. In those cases where contributions were made in excess of the sta...

Jun112014 by wealth18.comNo Comments

Major Stock Deals / Top Brokerage Recommendations

Stocks

Recommendations (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 Bought 10 lakh shares @ 228 (6-Jun-2014) Praj Industries - HDFC MF bought 1.1 crore shares @ 75 ( 5-Jun-2014) Orbit Corp - MORGAN STANLEY ASIA SINGAPORE PTE bought 12.4 lakh shar...

Jun112014 by wealth18.comNo Comments

RBS top Stock Picks for Medium to Long term

Stocks

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

Jun52014 by wealth18.comNo Comments

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

Offers/ Discounts

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 to avail of the offer Visit www.makemytrip.com Select Holidays or International Flight Enter the promo code in 'Deal Code' field before making the payment Make payment online using ICICI Bank Internet Banking,Credit Card or Debit Car...

Jun52014 by wealth18.comNo Comments

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

Offers/ Discounts

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 mail within 45 days Visit www.myntra.com Select your products Enter the received promo code Make payment online using ICICI Bank Net Banking