IndusInd, Grameen Capital, SKS partner in Rs 100 crore deal
---------------MUMBAI: Three leading institutions, IndusInd Bank, Grameen Capital India and SKS Microfinance, today announced the closure of a Rs 100 crore assignment of microfinance receivables.

Grameen Capital structured and arranged the transaction, comprising a pool of advances to agriculture and allied sectors, a press release issued here stated.

Private sector IndusInd Bank has been assigned microfinance receivables totalling Rs 150 crore of which the first tranche of Rs 100 crore transaction was closed on July 29. The second tranche is slated to be concluded in February 2009, the release said.

IndusInd Bank's Head, Corporate & Investment Banking, Suhail Chander, said that "this is an excellent opportunity for us, not only to build up our agri portfolio, but also to be involved in the fast-growing microfinance field."

"The transaction allows us to diversify our asset base by partnering with globally-recognised microfinance players," he added.

SKS Microfinance's Chief Financial Officer, Dilliraj S, said that "normally, the assignment of agri portfolio picks up in the fourth quarter only. We are glad that we were able to warm up the market right in July itself."

The structure was a win-win deal for both IndusInd Bank and SKS Microfinance, Dilliraj said. While SKS got access to low-cost money in July itself, IndusInd was also assured of peak outstanding in March 2009 with a top-up at a pre-negotiated rate, he added


ET...

Thnx a lot Mr.MALAYALI. *****Its EASY to RECEIVE. ***** Its DIFFICULT to GIVE ..........

Latika Vani .....easy & humble :)
regds



...

Easy is to get a place is someone's address book.
Difficult is to get a place in someone's heart.

Easy is to judge the mistakes of others
Difficult is to recognize our own mistakes.

Easy is to talk without thinking
Difficult is to refrain the tongue.

Easy is to hurt someone who loves us.
Difficult is to heal the wound.

Easy is to ask for forgiveness.
Difficult is to forgive others

Easy is to set rules
Difficult is to follow them.

Easy is to dream every night.
Difficult is to fight for a dream.

Easy is to show victory
Difficult is to assume defeat with dignity.

Easy is to admire a full moon
Difficult to see the other side.

Easy is to stumble with a stone
Difficult is to get up.

Easy is to enjoy life every day
Difficult to give its real value.

Easy is to promise something to someone
Difficult is to fulfill that promise.

Easy is to say we love.
Difficult is to show it every day.

Easy is to criticize others.
Difficult is to improve oneself.

Easy is to make mistakes.
Difficult is to learn from them.

Easy is to weep for a lost love.
Difficult is to take care of it so not to lose it.

Easy is to think about improving.
Difficult is to stop thinking it and put it into action.

Easy is to think bad of others
Difficult is to give them the benefit of the doubt.

Easy is to receive
Difficult is to give.

Easy to read this
Difficult to follow.

Easy is keep the friendship with words
Difficult is to keep it with meanings....

Idea among five operators agree to provide link to RCom GSM
-------------NEW DELHI: Ahead of the deadline of TRAI's direction to give interconnection to RCom GSM network, five operators, including Idea Cellular, MTNL and Tata Communication have agreed to provide link of their network to the Anil Ambani group company.

According to sources, Idea Cellular has agreed to provide interconnection to RCom thereby not becoming a part of COAI's likely petition against TRAI's directive on the same. Besides, other operators to provide interconnectivity to RCom GSM network are Aircel and Spice Communication.

The other PSU BSNL, which has also been directed by TRAI, is in negotiation with RCom. "We are in a dialogue with them (RCom)... There has been no conclusion yet on the outcome of our talks on a agreeable interconnection arrangement," BSNL CMD Kuldeep Goyal had said yesterday. So now, it is Bharti and Vodafone, who are yet to consider giving interconnectivity to RCom.

However, the latest position could influence COAI's decision to challenge the TRAI's order although it could not be confirmed whether COAI would change its position or not. On August 14, telecom regulator TRAI had directed GSM players Idea Cellular, BPL, Vodafone Essar and Bharti Airtel to interconnect with RCom by August 21. Aircel, Spice, Idea are members of COAI.

ET...

SAIL to enhance loading facilities at Bolani; invests Rs 120cr
----------NEW DELHI: Country's largest steel maker Steel Authority of India Ltd has undertaken the work for enhancement of loading facilities at Bolani iron ore mines in Orissa with an investment of Rs 120 crore.

With expansion of the project, the iron ore loading capacity of the mine would go up to 10 million tons per annum from the present level of 3.9 million tons, a spokesperson of SAIL's Raw Material Division (RMD) told PTI.

The enhancement of facilities is in tandem with the proposed increase in production capacity of the mine to 10 million tons, he added.

As part of the first phase of the scheme, RMD has begun installation of reclaimer, stacker, conveyors and stacking yard at Bolani. In the second phase it would take up railway track modification and work related to signalling and telecommunication.

State-run SAIL targets over 26 million tons of steel production by 2010-11, for which RMD aims at churning out over 30 million tons of iron ore.

To meet the enhanced iron ore requirement, RMD has taken up a slew of projects to develop the existing iron ore mines besides improving mining operations and infrastructure.

The long-term projects include expansion of Chiria iron ore mines in Jharkhand and Taldih in Orissa. While Chiria's capacity would go up to 50 million tons in phases, that of Taldih to 4.25 million tons along with an additional two- million ton pellet plant.

The steel major also envisages developing the south block of Kiriburu and central block of Meghataburu iron ore mines in Jharkhand.



ET.
...

The lure of big money has always thrown investors into the lap of stock markets. However, making money, particularly lots of money, in stocks is not a child’s play.

It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market, among others.

Added to this is the fact that stock market volatility in last few months has left investors in a state of confusion. They are in a dilemma whether to invest, hold or sell in such markets.

Although no sure-shot formula has yet been discovered for stock market success, here are some tips to help you emerge a winner:
Have oodles of patience and discipline

Historically it has been witnessed that even great bull runs have shown bouts of panic moments.

The volatility witnessed in the markets has inevitably made investors lose money despite the great Bull Run.

Still “investors who put in money systematically, in the right shares and held on to their investments patiently can look towards generating good returns,” says Ashsih Kapur, CEO, Invest Shoppe India Ltd.

Hence, it is prudent to have patience, besides keeping a long-term broad picture in mind.

Research the stocks before buying

Do not always rely on tips and also avoid having the herd mentality. It has been witnessed that the typical buyer’s decision is heavily influenced by the actions of his acquaintances, neighbours or relatives.

Thus, if everybody around is investing in a particular stock, the tendency for potential investors is to do the same.

Therefore, try to look investing in solid, large, blue chip companies and buying undervalued stocks based on fundamental analysis. Short-term investors can put their money based on news and technical analysis.

Before buying the stock, one must decide a price target that one is comfortable with and a stop loss to avoid great losses, if the price goes down.

Look inward and not outward

Investors should not look what the short-term state of the markets is, rather should see what are their financial goals in life.

Depending upon the time horizon of goals, short term, medium term and long term; investments should be made accordingly.

“It is a proven fact that in the long run, equity is the highest return-generating asset class. Therefore, for your long-term goals, without any hesitation, invest in equities either through stocks or through mutual funds,” advises Ramesh Dalal, vice president, Bajaj Capital.

. According to him, for short-term and medium-term goals, much exposure to equities is not recommended even if the markets are stable.

Diversification is the key

Diversification of portfolio across asset classes and instruments is the key factor to earn optimum returns on investments with minimum risk. The reason for the relatively poor performance of portfolios of individual investors even in greatest of bull runs has been lots of variation in market breadth. Different industries have participated at different points of time in taking the markets up.

There have been periods running into several months when the entire rally has been led by a handful of large, frontline stocks. On other occasions, mid caps have generated remarkable returns and made large caps look pale in comparison. So, it becomes imperative to diversify your portfolio across sectors and market capitalization.

Control both ‘fear and greed’

Many investors have been losing money in stock markets due to their inability to control greed and fear. In a bull market, the lure of quick wealth is difficult to resist.

Greed augments when investors hear stories of fabulous returns being made in the stock market in a short period of time.

“This leads them to speculate, buy shares of unknown companies or create heavy positions in the futures segment without really understanding the risks involved,” says Kapur.

Instead of creating wealth, these investors thus burn their fingers very badly the moment the sentiment in the market reverses. In a bear market, investors panic and sell their shares at rock bottom prices

Market related capital protection schemes

Capital protection schemes from mutual funds and life insurance schemes can be a lucrative option in these fluctuating markets as these schemes give you an opportunity to create wealth by participating in the stock markets along with a guarantee of capital protection.

Invest in a staggered manner

Instead of making one time lump-sum investment in current markets, investors should go for staggered investments through systematic investment plans (SIP) of mutual funds.

“Systematic investments reduce the risk of your portfolio by averaging the purchase price per unit,” says Dalal

Switch to defensive sectors

Those who are already invested in the stock markets need to have some patience and better switch to the defensive sectors like FMCG, pharmaceuticals, consumer durables and telecom.

Arbitrage funds and gold funds are other options available.

Have realistic expectations

There’s nothing wrong with hoping for the ‘best’ from your investments, but you could be heading for trouble if your financial goals are based on unrealistic assumptions.

For instance, lots of stocks have generated more than 50 per cent returns during the great bull run of recent years.

However, it doesn’t mean that you should always expect the same kind of return from the stock markets.

Therefore, when Warren Buffett says that earning more than 12 per cent in stock is pure dumb luck and you laugh at it, you’re surely in for a trouble!

Don’t time the market

One thing that Warren Buffett doesn’t do is try to time the stock market, although he does have a very strong view on the price levels appropriate to individual shares.

A majority of investors, however, do just the opposite, something that financial planners are always warning them to avoid.

For market timing to be an effective investment strategy, “you need to have a 70 per cent accuracy rate or better,” says global financial expert Ted Cadsby.

That is what makes it virtually impossible. But, sadly, a good number of investors are yet to see any merit in Cadsby’s advice.

(Sanjeev Sinha, ECONOMICTIMES)...

Tariffs set to fall if regulator's proposal is accepted.

Prices of domestic long-distance calls are expected to halve to around 50 paise a minute and those for international calls fall by a fifth if the recommendations of the Telecom Regulatory Authority of India (Trai) to permit internet service providers (ISPs) to offer unrestricted internet telephony are cleared by the government.

Allowing ISPs to extend their internet telephony operations will effectively create an alternative domestic telephone network and has been criticised by mobile service providers as being unfair.

Two years ago, the government permitted telecom licensees to offer unrestricted internet telephony as part of their licence conditions. None of the mobile operators has done so yet, principally because the service would drive down prices and impact average revenue per user, which is already among the lowest in the world.

ISPs are currently allowed to offer Net calls but subject to certain restrictions such as between two personal computers, one in India and the other anywhere in the world; between a subscriber with a voice over internet protocol (VOIP) phone in India and a subscriber with a similar device in any country; and also between a PC in India and a fixed or mobile number in another country.

If the new policy is accepted, consumers will be able to call through the Net directly to fixed line and mobile numbers across the country and vice-versa. They can do so either through the PC or through a VOIP phone or from a landline fitted with an additional device.

NET GAINS
(Key points of Trai’s internet telephony recommendations)
* Internet service providers will be allowed to provide unrestricted internet telephony within and outside the country and vice versa. They can now connect to landlines and mobile numbers within the country
* ISPs will be allowed to have interconnection with national long-distance (NLD) operators through the internet for such services
* The annual gross revenue (AGR) of an NLD for calculating the licence fee to include revenue from carriage of internet telephony apart from normal revenue
* Each service provider that intends to provide internet telephony service within India will install lawful interception equipment to comply with regulations set out by security agencies.
* Telecom Engineering Centre to conduct study on the basis of which appropriate number blocks will be earmarked for internet telephony under an eleven digit numbering plan


“The regulator has ensured that consumers who were not being offered a cheaper service provided by the march of technology despite the fact that mobile operators were allowed to do so will no longer be deprived of it,” said Indian Service Providers Association of India (ISPAI) President Rajesh Charia.

ISPs said the policy would go a long way towards boosting their revenue models. “ISPs on a standalone basis are not profitable, and internet telephony will add to their revenue stream and make them viable,” said S S Perhar, chief operating officer of ISP Tulip Telecom.

In a statement Nasscom added: "As a direct implication, this move will now allow voice transmission over the internet for a ‘PC to phone in India’, which will benefit the BPO industry to a large extent."

Mobile operators, however, said the move is unfair. Says T V Ramachandran, director general of the Cellular Operators Association of India (COAI): “If ISPs want to provide telephony they should take a universal access service licence and pay Rs 1,650 crore. Now they have been given the right on a platter and it violates the level playing field norms. The government is following the populist bandwagon.”

Consumers will have different choices to make internet telephony a reality. They can pay between Rs 500 and Rs 1,500 to buy a specialised device to convert a landline into a VOIP phone (broadband connectivity will also be required).

Another option is to buy VOIP cordless phones for Rs 8,000 to Rs 15,000 that also offer video facilities. By next year, VOIP phone could be completely mobile, competing directly with the GSM mobile players.

Of course, that would be possible only if the ISPs bid and win in the upcoming broadband wireless auction for spectrum, the radio frequencies that enable wireless communications, slated to be held simultaneously with third-generation (3G) services that offer high-speed data downloads on mobile phones. This will require users to buy a Wimax-enabled phone, which is expected to be available for Rs 5,000 onwards. PCs and the popular internet site Skype are other options.

But mobile companies say that the fear of a dramatic fall impacting their business might not be true. “I don’t see more than 2 to 3 per cent of the total STD and ISD calls shifting to internet telephony. Mobile tariffs within India are already at Re 1 per minute, and within the same network anywhere in the country it is already as low as 40 paise. Also ISD tariffs are falling dramatically. And we can easily offer the same tariffs on our GSM,” said an executive with a leading GSM mobile service provider.


BS...

HELLO, Can you say something about this deal in context of long term perspective?? with thnx vasistha...

Oh ! Latika Vani ??? sorry I called you Mr. latikav, So you\\`ar.... ***SHE, not ***HE. Am I correct ??? MALAYALI : sometimes EASY, but DIFFICULT...

SUPER MESSAGE, Mr. latikav. *****Its EASY to REPLY. *****Its DIFFICULT to RATE. MALAYALI : easy, but difficult...

dear friend, this is a stock which one has 2 understand . plse see my other comments and performance response on other messages on top. the management is sleepy at this point. plse write to them to become proactive and promote their company in print/tv media. i have done the same and see the actvity in the last seven days . the volumes have picked up because their news is being given on all forms of media. u need to participate and ensure we push the PR department to publisie the company. take care...

Matching Investor Type With Investment Type----------- 1- Know what kind of investor you are. 2-What type of fund you should invest in. Funds for Aggressive Investors- 1-Sectoral Equity Risk-very High Objective-Long Term Growth Ideal Tenure- 7-10 yrs 2-Equity Diversified,ELSS Risk-High Objective-High Growth Ideal Tenure-above 5 yrs Funds for Moderate Investors---- 1-Index,Balanced Risk-Moderate Objective-Moderate Growth Ideal Tenure-3-5 yrs 2-Balanced MIPs Risk-Moderate Objective-Growth and Income Ideal Tenure - 2-3 yrs Funds for Conservative Investors------ 1-MIPs, Income Plans Risk-Low Objective-Steady Income Ideal Tenure-1-2 yrs 2-FMPs,Floating Rate Risk-Very Low Objective-Liquidity & Returns Ideal Tenure- 6-12 months (Source- Money Today) ...

Ok thanks That will be easy if one has long message Regds Gv...

Hi latikav, Just curios---How you posted one single big message,with out doing part1, part2 etc etc Can you share the idea? Regds GV...