16 Jul 08 Secured Loans from Leading Secured Loan Lenders
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13 Jun 08 Friday the 13th Horror : Inflation Rate jumps to 8.75%
Looks like Friday the 13th is indeed unlucky for the Indian economy (to an extent the world economy as well). Inflation Rate in India has jumped to 8.75% as of May 31, 2008. This jump does not account for the increase in petroleum prices announced last week. The impact of that increase is yet to be felt. Leading Indian as well as global economists are of the view that the inflation rate in India might touch the double digit mark soon, sending the economy into a slump and the markets into a prolonged bear hug. With inflation rising close to the double digit mark, the real returns on fixed deposits are slowly turning negative. This means even at a return of close to 10% on FD’s investors would make a post tax loss when inflation is acounted for. This is really bad news!
11 Jun 08 Reserve Bank (RBI) raises repo rate to 8%
The Reserve Bank of India (RBI) today went ahead and hiked key short term interest rates. The repo rate was raised to 8% from 7.75%. Repo rate is the rate at which RBI lends money to other banks. With a hike in the repo rates, RBI is trying to get banks to increase interest rates to decrease the liquidity in the banking system. Lower liquidity will help ease decrease the inflation rate since people will hold back their purchase plans of non essential goods and services. The Inflation rates will be annnounced tomorrow and will be watched closely by everyone. The same will be updated over here.
08 Jul 07 Right Time for Investing in the Stock Market? SENSEX to cross 50000 mark by 2020!
Nifty and Sensex touched all-time highs last week. Indian companies are rushing in to tap the capital markets and raise funds. The price of crude is rising. Interest rates have risen tremendously. Looking at the various macro economic indicators, one wonders if this is the right time for investing in the stock market. Will there be enough liquidity in the system to lap up the new public issues? Do rising crude prices and rising interest rates signal the end of the bull run? No, says Morgan Stanley.
Morgan Stanley believes SENSEX will touch 50,000 by 2020. Most people would laugh this out. At the moment a target of 50000 for the sensex seems impossible. I had the same feeling a few years back when I saw an interview of Rakesh Jhunjhunwala on CNBC predicting a target of 12000-15000 for the SENSEX when the SENSEX was below 6000. Everybody including the anchor of the show laughed it out thinking Jhunjhunwala was just trying to be humourous. But he wasn’t. He was damn serious. Last week the SENSEX reached his target of 15000. When SENSEX first hit the 12000 mark, Jhunjhunwala revised his target to 25000. Now Morgan Stanley has indicated a target of 50000 for the SENSEX. If Indian companies continue to grow at the pace they are presently growing at, SENSEX will cross 50000 much sooner than 2020. My top 3 picks continue to remain
- Larsen & Toubro
- BHEL (and)
- IVRCL Infrastructures
15 Jun 07 Kotak offers Highest Fixed Deposit (FD) Interest Rate in India
Kotak Mahindra Bank has recently launched a new fixed deposit (FD) offering an interest rate of 10.5% for duration ranging between 1 year 1 day and 2 years. I recently opened a fixed deposit with Kotak Mahindra Bank (Chennai – Anna Salai Branch). The customer service was great and I was done with the formalities in less than 30 minutes. A week later I was informed that my account was open, through SMS and Email. Kotak Mahindra Bank also sent me a greeting card on my birthday. Hats off to the customer care that Kotak Mahindra Bank provides. Coming back to the interest rates for fixed deposits (term deposits), Kotak Mahindra Bank and tamilnadu merchantile bank both top the “highest interest rate offered” table. However Kotak Mahindra Bank offers 10.5% annualised whereas Tamilnadu merchantile bank offers 10.5% non annualised.
