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May192014 by wealth18.comNo Comments

Modi effect – Invest in these 30 stocks – Dolat Capital

Stocks

Dolat capital remmends following stocks after spectacular BJP Win Sector Preferred Pick Auto Maruti Bajaj Auto Suprajit Eng Banks SBI PNB Axis Bank Yes Bank Capital Goods L&T Cement UltraTech Cement JK Lakshmi Cement Consumer Titan Relaxo Whirlpool Energy Gulf Oil Corp Infrastructure ITNL Also Read - 26 Stocks Recommended by Motilal Oswal Also Read - Large / Midcap / Small cap Stock Recommendations for 2014

May192014 by wealth18.comNo Comments

Morgan Stanley picks up 0.6% stake in Indiabulls Real

Stocks

Morgan Stanley Asia (Singapore) Pte has picked up 0.61 percent equity stake in Indiabulls Real Estate (IBEL) on Friday. The firm has bought 26,16,156 equity shares at Rs 76.21 per share through block deal on NSE that was worth Rs 20 crore. Meanwhile, IndiaBulls RealEstate reported 20% fall in consolidated net profit at Rs 41.67 crore for the quarter ended March 31 on lower revenue. Revenue slipped over 20% year-on-year to Rs 327.60 crore during the quarter. On Friday, the stock closed at Rs 78.20, up 18.84 %. Market capitalisation of the company currently stands at Rs 3,315.76 crore.

May152014 by wealth18.comNo Comments

Rakesh Jhunjhunwala invests Rs 9 crores in Orient Cement

Stocks

15-May-2014 Rakesh Jhunjhunwala today picked up 17.1 lakh shares of Orient Cement for about Rs 9 crore through an open market transaction. According to the bulk deal data, Jhunjhunwala bought 17,10,000 shares of Orient Cement at an average price of Rs 53.1 per share, valuing the transaction at Rs 9.08 crore. Orient Cement was an initiative of C K Birla Group. The firm later de-merged and became an independent public limited company. The firm began cement production in 1982 and presently its total capacity stands at 5 MTPA (metric tons per annum). As part of its growth plan to reach 15 MTPA by year 2020, Orient Cement is geared up for its latest Greenfield project with a proposed capacity of 3 MTPA at Chittapur, in Gulbarga district, Karnataka. Shares of Orient Cement today surged 7....

May152014 by wealth18.comNo Comments

NRI cannot seek registration as foreign portfolio investor: Sebi

News

SEBI has said a non-resident Indian (NRI) will not be allowed to seek registration as a foreign portfolio investor (FPI). However, a fund that has NRIs as investors will not be prevented from obtaining registration as an FPI. FPIs would encompass all foreign institutional investors (FIIs), their sub-accounts and qualified foreign investors (QFI) under a new regime that comes into force on June 1. Existing overseas investor classes such as FIIs, sub-accounts and QFIs will have to convert to the new regime eventually. "An NRI cannot seek registration as FPI," according to information available on the Securities and Exchange Board of India (Sebi) website. "Presently, a fund having NRIs as its investors is not prohibited from obtaining registration as FII/SA. The same practice shall con...

May152014 by wealth18.comNo Comments

Send Money from UAE to India instantly – Emirates DirectRemit

NRI

UAE-based bank 'Emirates NBD' has launched 'DirectRemit' service which would enable customers to speedily transfer money to other banks in India. A first-of-its-kind remittance service, it would also allow Non-Resident Indian (NRI) customers to remit money to any HDFC Bank Account in India in just 60 seconds. Money Transfer time Emirates NBD said with the launch of this service, customers can transfer money to other banks in India with their remittance being processed within an hour. Delivery to HDFC Bank is immediate, Mon-Sat 7am-8pm UAE time. All other bank credits will take 60 minutes, Mon-Fri 7:30am-4:30pm UAE time, Sat 7:30am-10:30pm UAE time. Charges Transfers to HDFC Bank and ICICI Bank accounts in India - FREE Transfers to all other Indian banks - AED 10 According to...

May152014 by wealth18.comNo Comments

Now 10 year olds can open and operate bank account alone: RBI

News

No more piggy banks for little ones because now children above the age of 10 can open their own bank accounts and withdraw, transfer and deposit money all by themselves. Children older than 10 years will no longer need the help of their parents or guardians to open and operate a savings bank account. To boost financial inclusion, the Reserve Bank of India (RBI) said that banks were at liberty to allow minors above 10 years to independently open and operate savings bank accounts. As of now, banks allow minors to operate bank accounts only along with a parent or a guardian. All children and teenagers below the age of 18 are considered minors under current rules. RBI also allowed banks to offer additional facilities like internet banking, ATM, debit card and chequebook to a minor. However, ...

May142014 by wealth18.comNo Comments

12 midcap gems for your portfolio (returns 10 – 75%)

Stocks

12 midcap gems for your portfolio (returns 10 - 75%) Stock Taget Upside Recommened by IFGL Refractories 146 77% Sunidhi Sec BGR Energy 250 76% Way2Wealth Oberoi Realty 296 46% Karvy DB Corp 410 44% Motilal Oswal NIIT Tech 510 27% PrabhudasLiladhar Gulf Oil Corp 153 21% Dolat Cap Chambal Fertilisers 48 20% PrabhudasLiladhar Torrent Pharma 761 18% ShareKhan Kewal Kiran 1500 18% ShareKhan Paper Products 111 16% Aditya Birla Money HT Media 104 13% ICICIDirect Ajanta Pharma 1188 12% Firstcall Source - ET

May142014 by wealth18.comNo Comments

Santosh Garg – who bought Rs 2000 crore shares in one day – got SEBI notice

News

Santosh Kumar Garg, a resident of west Delhi, has purchased shares worth more than Rs 2,000 crore on Friday when markets scaled new heights. Securities and Exchange Board of India (Sebi) have issued a showcause notice to examine the transaction closely. The investor hadn't traded extensively on the markets before Friday. Garg, who bought select banking stocks, has been asked to explain the reasons behind the transactions SEBI is keeping a close watch on the market with its surveillance team looking to spot abnormal or suspicious trading patterns. Anything that stands out from routine trading patterns will come under the regulator's scrutiny and be investigated further to prevent any unscrupulous elements from destabilising the market. On Friday, the benchmark Sensex crossed the 23,000...

May132014 by wealth18.comNo Comments

Highest Celebrity Tax Payers in India

News

We have compiled these numbers based on news available in media regarding advance tax paid by these celebrities Rs Amitabh Bachhan 37 crores MS Dhoni 20 crores Akshay Kumar 18 crores Salman Khan 11 crores Shah Rukh Khan 10.5 crores Aamir Khan 8 crores Hrithik Roshan 7 crores Katrina Kaif 4.5 crores Kareena Kapoor Khan 4 crores Priyanka Chopra 2 crores

May132014 by wealth18.comNo Comments

Number of income tax payers in India

News

Do you know how many people pay Income Tax in India? How many people in India pay Income Taxes? Just less than 3% of total population !!! Unbelievable !!! In a population of 1.2 billion, there are just about 35 million taxpayers. In comparison - There are 138 million taxpayers in the United States. ( out of about 308 million people). So, Out of the total population, 45% are taxpayers. Out of these 3.5 Crore people, 89% pay taxes in the tax slab of 0 – 5 Lakh rupees, Only 1.3% of all tax payers have income about 20 Lakh! And, of these, there are only 42,800 persons (0.1%) who admitted to having a taxable income exceeding Rs 1 crore. I believe, Salaried class bears most of the tax burden as the Tax is deducted at source by employers. How do you feel about these numbers ??? Also Read -...