Posts tagged ‘News’

November 23, 2011

Sensex and Nifty Losses Almost 1.5% on 23 Nov 2011

On the expected line today 30 stocks Indian Benchmark Index Sensex fell below the 16,000 level again after rising yesterday. The market started with sharp rise followed by sharp falls. The Sensex has fallen by 1.5%. Following the BSE Sensex, wide based NSE Nifty also fell by 1.4% in the early hours of trading.

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November 22, 2011

Sensex and Nifty Rises on Short Position Covering on 22nd Nov 2011

The Volatile Indian stock markets in line with the international counterparts, today on 22nd Nov 2011 bounced back. After falling for many days in row since eight sessions, the Indian stock market today opened higher than the previous closes giving speculators and short term investors have huge opportunities to earn some decent returns from this hyper volatile market.

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November 21, 2011

Sensex and Nifty Falling on Selling Pressure

The Indian stock market benchmark 30 share BSE index Sensex fell by over 191 points in opening trade on Monday, 21st Nov 2011, because of worries about the slowing economic growth in Indian economy and sluggish policy initiatives at different levels and sectors, ailing airline industry as well as uncertainty over the euro zone debt crisis has resulted into lack of confidence in investors in stock markets.

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September 26, 2011

NPA: Non Performing Assets

Non Performing Asset means an asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss asset, in accordance with the directions or guidelines relating to asset classification issued by RBI. In simple words the non performing assets are the lending by the bank that bank considers to be defaulted and no future payment will be received. Under the guidelines of RBI, the action for enforcement of security interest can be initiated only if the secured asset is classified as Non Performing Asset. In case of unsecured assets that turn non-performing assets, the bank has very limited options in their hands.

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September 23, 2011

Deposit Rates to Move Upward

The inflation in the economy has been moving upward and it has reached to an alarming level in an inflationary economy. It is imperative to contain this inflation. The government has no other tools than the monetary policy tools. If one looks at the historical data provided below, it is clear Indian economy has been witnessing a very high inflation rate since 2008 but in 2010 inflation rates were in double digit about 16%.

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July 7, 2011

SIDBI Offering Annualized Return of 9.48% on Fixed Deposits

The SIDBI has announced on today (Wednesday) its plan of offering fixed deposit investment opportunities  to  the general investors as well as the bulk depositors. The most important point of this offer is that it will offer an annualized return of 9.84 per cent on its 12-13 months fixed deposit scheme. SIDBI has plans to offer many more investment horizons but with different returns.

Out of all the schemes 12-13 month scheme offers the highest return. In case of senior citizens the return is even higher than other investors. On the 12-13 month scheme the senior citizens will earn an annualized yield of 10.38 per cent. The minimum deposit amount is Rs 10,000 and in multiples of Rs 1,000 thereafter.

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July 2, 2011

Track Your Provident Fund Account Information Online

Now it is possible to track the whole information about the PF account online as per the new initiatives of Employees’ Provident Fund Organization. The Employees’ Provident Fund Organization (EPFO) has provided a link on its website , that enables members to get their PF investment balance update as SMS alert on their cellphones. Members only need to furnish their respective PF account numbers to avail of this facility. EPFO had been conducting an internal trial of this software for the past two months.

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