Continuing on my post on the Basics of Stock Market, I would like to make it a series (not a mega serial), so that it will not be too lengthy each time and also allows me to post regularly. I would like to cover the following in this series:What is a Stock ? What is Share?Types of CompaniesTypes of Shares Capital?What is Stock Market?What is a Stock Exchange?How to list the shares?Different types of Issues?What is dematerialisation?What is Face Value?What is an Index? (Sensex, Nifty, NASDAQ )What...
Basics of Stock Market - 1
I am happy to share my limited knowledge on the Stock Market with you all. It may be very basic, keeping in mind that some may be totally new to the Stock Market. With the Index falling from 20000 levels to 9000 level, started showing a bullish trend immediately after the election results, shedding about 600 points during the budget session made any common man to look into the Stock Market. There are people who made money and there are many who lost their money in the market. Is it gambling? speculation?...
Adani Power - Initial Public Offer - An analysis
We all know that the most promising industry in India is Power. There are many players who are jumping into this arena to generate power, as our demand for Power is growing tremendously. Reliance Power came with a bang and now quoting way below the issue price (It never closed a day above the issue price). Though the price of Adani Power is more compared to the fundamentals, it was tipped to get more return on what is called as Listing Gain. The amount you will get in the market vis-a-vis the price...
Impact of the Direct Tax Code, 2009 on the housing sector
With the Direct Tax Code draft released by the Finance Minister, Pranab Mukerjee, there were lot of questions surrounding the impact it has on various sector. Let us look at the famous housing sector.There were several sops given to boost the housing sector in the earlier budgets. Let us see how these were treated in this Tax Code, 2009.(a) Interest on the housing loan borrowed for acquiring, construction etc.,Currently the interest paid by an assessee on the self-occupied property is allowed as...
Fools Work Hard..... for Others.
Last weekend, I spent my time in reading a book "Fools work Hard....for Others. Smart People Work Hard For : Freedom From The Race" by Ravindra Potharaju. It was a nice reading and written very well in a narrative manner. The author created 3 fictitious characters (Bob, Tom & Lou) to explain the concept through dialogues between them.The concepts were not new but was put very aptly. The author tries to explain how to achieve freedom from the ‘Race of life’. "Fools depend on others for Security"...
Annual Day Celebrations of Bangalore Chapter of ICSI
Yesterday ( I attended the Annual day function of the Bangalore Chapter of the Institute of Company Secretaries of India - at Hotel Woodlands, Bangalore. It was the function for the members & their families. I reached little early at the venue (5.50pm), while the function was supposed to start by 6.15pm. The members (true Indians) started coming around from 6.15 and by 6.30 there were few members. The Chief Guest Dr.Master Hirennaiah reached the venue by about 7.00pm. Finally the function started...
Decoding the New Tax Code 2009
On 12th August, 2009 the Finance Minister unveiled the new tax code - Direct Taxes Code, 2009, which will we revamping the existing Income Tax Act, 1961. He said it is a process and not an event. So it will take time to put things in place and get feedback. So, if this new Tax Code is put to use, it would be from 1st of April 2011. let us see how an individual is affected/benefited by the new code. I am not discussing anything from an business angle or corporate angle.(a) Individual tax ratesThe...
Felicitation to the newly elected President & the Vice President of ICWAI
On 8th August 2009 evening I was invited by the Bangalore Chapter of the Institute of Cost & Works Accountants of India (ICWAI) to felicitate the newly elected President of the Institute Shri.G.N.Venkatraman (GNV) and the Vice President, Shri.Brij Mohan Sharma. The newly elected team at the regional level (SIRC) - Shri.AVNS Nageswara Rao (Chairman...
IFRS roadmap for India - Convergence
JOINT MEETING OF THE CORE GROUP AND THE TWO SUB-GROUPS ON THE IMPLEMENTATION CHALLENGES WITH REGARD TO CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH IFRSEXPRESSES CONFIDENCE IN THE ISSUANCE OF THE ROADMAP AT AN EARLY DATE FOR CONVERGENCE TO ENABLE ADHERENCE TO THE TARGET DATE OF 2011 The High Powered Core Group for discussing and resolving the implementation challenges with regard to convergence of Indian Accounting Standards with International Financial Reporting...
Two-day WORKSHOP on 'I F R S' - Chennai
The Management Academy, Chennai, is organising aTwo-day WORKSHOP on 'I F R S'Date: 7th & 8th August 2009 Time: 10.00 A.M - 05.30 P.MVenue: Hotel Ambassador Pallava, Montieth Road, Egmore, Chennai - 600 008.Speakers: Shri R.G. Rajan & Shri N.R.Govindarajan, Chartered Accountants.(Expert Speakers on IFRS & Accounting Standards)Fees: 8000/- Per participant. In case of two or more participants from the same organisation, the participation fee will be Rs.7,500/- per participant.For nominations...
Happy Friendship Day
Dear Friends,
Today is Friendship day. I would like to take this opportunity to thank all my friends for bearing and being with me all these days. Following are few quotes, I could gather on this friendship day ...
Do not protect yourself by a fence, but rather by your friends - Czech proverb
Wishing to be friends is quick work, but friendship...
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