:shock: Satyam
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:shock: Satyam
Satyam today @ mkt:
Opening - Rs. 179.10
High - 188.70
Low - 30.70
any1 here hav Satyam shares?
ramalinga raju: :hammer:
when Satyam can do this, y cant others?
donno what to believe and what to not...
rediff always puts a sensible question, where were the auditors?!?!?
raju is the top mot guy we all could see, as he is on to creamy layer. what SEBI has to bring out is the other culprits esp the auditors, and even the bankers. mmm lets see, its interesting to see an another new, big scam but done by an different group of ppl altogether - a CEO of Indian MNC, auditors, Bankers, and also the credit rating agencies like Pricewatercoopers...
will the real and whole truth be presented to common indian?!?
maayaa maayaa ellaam maayaaQuote:
Originally Posted by sakaLAKALAKAlaa Vallavar
chaayaa chaayaa ellaam chaayaa
pattum padaamalE
thottum thodaamalE :wink:
i always doubt that the "arrowa nee?" brothers were & are the biggest fraudsters, how many central ministers would they have bribed, all these years?!?!?Quote:
Originally Posted by sgokulprathap
Given the sort of thing I used to see on a day-to-day basis when I was a practising lawyer, I'm not surprised that the management of Sathyam tried something along these lines. What beggars belief is that a company of this prominence got away with it for so long. This is even more blatant a fraud than the whole Enron ruckus was. How on earth could PWC have certified the accounts year after year? And, for heaven's sake, they had as eminent a board as you can get. What on earth were the directors doing? What ever happened to the idea that they have a fiduciary duty to the company - which involves scrutinising the management of the company? :banghead:
Aravindhan, arasiyalla idhellaam saadharanamunga :oops:
Satyam fiasco is porbably the beginning of the end of outsourcing. With unemployment rate inching up in the US, the anti-outsourcing forces have the ammunition to fight for bringing back jobs ! :(
hi guys!
it is also said that if the inflation increases -employment increases...how?
Viv, "inflation" is known as"prosperity with blood pressure". Any growing economy will/should have a slight inflation. Deflation is disastraous. Think of it, a general reduction in prices means you can't be paid as much you are receiving now hence you can't afford to buy what you are buying now...and so on...vicious cycle.Quote:
Originally Posted by Vivasaayi
More employment, more purchasing power in the hands of people, more demand for goods and services hence price rise - this is the oversimplified explanation. Also because regardless of the rise in purchasing power is immediate when employment increases but the rise in productivity is slow (office-la Hub paakkuravangaLaiyE eduththukkungaLEn :P). Because of this lag the demand will slightly be ahead of supply all the time causing inflation. WHich, to a certain extent is healthy.
Only when the prices are rising, there is incentive to invest more, produce more, hence employ more resources, hence greater employment and so on. But a balance needs to be struck.
Of course hyperinflation means the increase in purchasing power in the hands of the people is not matched in pace in the rise of goods and services. This can happen for a vareity of reasons including poor planning of technology, for-ex crises for economies dependent on imports, monetary crises etc. ellArum inflation-nA direct-A idhai thaan ninaikkuraaanga. But this is only an extreme case.
Of course theories have more complicated spins on this about how market/people/investments react "expecting" a certain relationship between inflation and employment etc. i.e. employment is not related to inflation but expectation about inflation ("reNdum oNNu dhaane dA, kuzhappureengaLE da")
Quote:
Originally Posted by prabhu ram
thanks pr!
i am actually clear abt employment causing inflation - as it increases the money flow.
i just had a doubt on the reverse scenario - the inflation causing the employment and u gave the answer :)
another kostin!
"is it advisable to invest hugely in shares during high inflation or investing in some real goods like home etc"
Housing can be seen as one of the component leading to measurement of inflation itself. Inflation is the average of price rise of several commodities and services including housing. So it all depends on which of the element was really responsible for the high inflation. If housing was the reason, then investment on housing makes sense. If commodities were the cause, investment on Oil Stocks or produce will make sense.Quote:
Originally Posted by Vivasaayi
Am I making sense ?
Mkts hit upper circuit, will re-open at 10:55 am
Mon, May 18, 2009 at 10:09
Source : moneycontrol.com
The one-sided win for the UPA government (lead by 262 seats) in the 15th Loksabha election, which shrugged off the exit polls results drastically, brought great cheers for the markets in early trade. The benchmark indices locked at upper circuit, and the BSE & NSE are in discussion on extent of trading halt, as the Nifty has already breached second circuit (i.e. 15%).
In the first 30 seconds of trade today, the Sensex surpassed the 13,000 mark, thus hitting upper circuit. This was the first time since October 3, 2008 that the Sensex crossed 13,000 and the Nifty crossed the 4000 level for the first time since October 2008. Huge upsurge of 420 points or 11.4% in the SGX Nifty was suggesting the same trend.
The 50-share NSE Nifty was up 531.65 points or 14.48% at 4,203.30 and the 30-share BSE Sensex surged 1305.97 points or 10.73% to 13,479.39.
The Lok Sabha 2009 election results have given a clear mandate: the Congress-led United Progressive Alliance (UPA) is set to return to power and without support of the Left.
The UPA raced to an early lead ahead of the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA). Incumbent Prime Minister Dr Manmohan Singh is now set to continue in the role.
The Indian rupee was trading at 4-month high of 48.40 a US dollar.
On the global front, Asian markets were trading lower barring Taiwan. Nikkei declined 2.5%. Shanghai Composite, Hang Seng and Kospi fell 1.3% each. Straits Times was down 0.79%. However, Taiwan Weighted lost 0.7%.
The dollar fell 0.5 percent to 94.75 yen, nearing a two-month low of 94.55. The shares of export companies are under presssure as a result of strong yen.
Markets welcome UPA in a grand manner.
Sensex crossed 14200
Nifty crossed 4300
Almost all the indices were up by 10-15% within the few minutes of trading allowed for the day.
And 'Trading stopped for the day' as the markets touched the upper circuit.
two UCs.. its just better than the best of dreams when u had bought a chuck of calls last week..
Can this thread be revived? :huh:
any hubbers ready for active participation?
:) thought of reviving it GP.
Are you into option or futures?
Speculating? :) Make sure you have certain portion of your investment in stable stocks and savings (CDs). Sometime back my investment advisor warned me that I was investing like a kid ! :lol: I am going to reallocate moving money from my company stock to stable funds! :) The company I worked for also sent me a warning about too much in company stock ! :)Quote:
Originally Posted by great
not into both. am not yet fully comfortable with options or futures.Quote:
Originally Posted by great
ippodhaikku I have invested only in MF and planning to invest in Gold ETF.
Yeah, its been few months I actively traded. Infact, Market made me long time Investor during PY and year before that. I am just going through F&O market thought of speculating a meagre portion to start of with.My major(atleast 50%) investment are in stable stocks only. 2010 seems pretty good for short term investmentQuote:
Originally Posted by rajraj
Looks like your risk appetite is higher. Majorly on equities?Quote:
Originally Posted by rajraj
GP, are you following MF? Though I invest, i hardly track the performance :oops:
I'll be interested on this topic. Do you have any Gold ETFs in mind? Please share if you have more information on Gold ETF.Quote:
Originally Posted by GP
Vithagan, u r from US?
In India, we have few Gold ETFs like Benchmark, UTI, Quantum, Reliance, SBI, Kotak, Religare...
HDFC and ICICI have also just entered this market.
Performance-wise all of them perform similarly in line with Gold price.
Am planning to invest in Benchmark's Gold BeES, the first company to introduce Gold ETF in India.
A gold Exchange Traded Fund (ETF) is a financial instrument like a mutual fund whose value depends on the price of gold. In most cases, the price of one unit of a gold ETF approximately reflects the price of 1 gram of gold. As the price of gold rises, the price of the ETF is also expected to rise by the same amount. Similarly, a fall in the price of gold will also be reflected by a drop in the price of the ETF. However, unlike a mutual fund, the units of a gold ETF have to be purchased or sold on the stock market. To do so, one needs to have a demat account and a brokerage account with an online brokerage like ICICIdirect, or you may purchase it through your local stock broker.
Most gold ETFs are traded on the National Stock Exchange (NSE), so you will need a broker who is a member of the NSE. There are five gold ETFs in the market today, namely Gold BeEs, Kotak Gold, Quantum Gold, Reliance Gold, and UTI Gold ETF. According to data published by Valueresearchonline, the returns from all the gold ETFs over the last one year have been practically identical.
http://new.valueresearchonline.com/s....asp?str=13118
Gold ETF Positives
What are the advantages of investing in Gold ETFs? Do they declare dividends? When there is a high rise or a huge fall in prices, how is the investor affected?
- Shaileja Mammen
Gold ETFs offer manifold benefits over buying gold in physical form. Gold ETFs are a lot convenient because there is no physical delivery of gold involved and hence, investors are saved of the burden of storage and security.
Another advantage of gold ETFs, like any other ETF, is that the units of such funds are traded on the stock exchange and can be bought and sold like stocks on a real-time basis during trading hours. Gold ETFs also have the assurance of the purity of the underlying gold which one can never be sure of while purchasing physical gold from a jeweller. When investing in gold ETFs, one needs to have a demat account. One is not required to pay entry or exit loads, though brokerage is applicable.
When physical gold is sold, the jeweller will deduct the making charges and banks do not buy back gold while units of gold ETFs can be easily sold on the stock exchange at the prevailing market price.
Gold ETFs make it easy for retail investors to invest in gold as they allow investment in small denominations. Further, investing in paper gold gives tax advantages over investing in physical gold. Gold ETF units held for more than one year qualify for long-term capital gains whereas the holding period in physical form has to be three years to qualify for long-term capital gains. Also, gold held in paper form is not liable for wealth tax.
Regarding declaring of dividends, currently there is just one gold ETF-Reliance Gold ETF that has a dividend plan and it has not yet declared any dividend since its launch in November 2007.
Coming to your last question, by a huge rise or fall in prices of gold ETFs, it is apparent that you want to know the effect of a drastic price change of an ETF that stems from a big change in the demand or supply of units on the exchange. A huge rise or fall in the prices of gold ETFs is not possible as all ETFs are structured in a way that large differences between their price and the value of the underlying asset does not exist for a long period of time. If there is a huge increase in the demand or supply, then creation unit holders counter the impact of demand and supply of ETF units by buying and selling the units in the market and also by creating or destroying units, if need be. Thus, the price of the ETF units remains in line with the value of the underlying asset.
Gold ETF is quoting at 1800+ . :(
But the past performance has been 16% pa. Instead you can go for some volatile stock and the returns would be higher with a lesser lock in period
great: Do companies in India offer retirement savings plans with matching contribution?
Yeah, though we will get lesser returns in Gold ETF than in stocks, I would prefer to invest in it to neutralise the risk.
my proportion is 80% in MF, 20% in Gold ETF.
even when I invest in shares, I would maintain 20% in Gold ETFs.
You wont have a crash in Gold markets at anytime.
I would check and let you know tomorrow.Quote:
Originally Posted by rajraj
Yes.Quote:
Originally Posted by GP
:ty:
And Thanks a lot for the Gold ETF Information. I hope there must be something here on the Gold ETFs side, need to research more to pick the right one.
GP: In the US gold price goes up and comes down ! :) About 25 years back it was $700 an ounce and came down to $275 an ounce! :) When it was $800 some Indians were selling their ornaments! :)Quote:
Originally Posted by GP
http://goldprice.org/30-year-gold-price-history.html
Only in India it keeps going up ! :)
There used to be "EPF" (employees provident fund) where upto a % of basic salary gets contributed to a gov controlled fund, with employer matching (and it's pre-tax). Even withdrawls from this fund for specific reasons (house construction, house loan closure, job loss etc) are not taxable. Employee can contribute more than that % but employer need not match. Also, above that percentage, income tax has some conditions (means not totally tax free).Quote:
Originally Posted by rajraj
The fund gets gov rate of interest (similar to other schemes like NSC / NSS / Public PF etc).
This is somewhat similar to 401(K) in US but the funds are managed by gov.
EPF is still there; employer would contribute 12% towards EPF. However employee can go beyond this limit upto 20%, I beleive.
Compared to Fixed deposit NSS /NSC has a decent return and the capital would be intact. Major drawback would be on the withdrawl
Retirement saving plan,isnt it on Pension Plan?
With some conditions - like "trainees" won't get this etc. (I was naive to sign up for a 2 year "training" period with bond etc during campus interview those days).Quote:
Originally Posted by great
GP/Great, any idea how to get ur money out of PF?. Procedure therinja sollunga.
procedure simplethaan.Quote:
Originally Posted by dev
they will give you 2-3 forms in PF office. adha fill panni, employer kitta company seal vaangittu, PF office la kuduthA, the amount will be credited to your bank account (that you mentioned in form) in 1-3 months.
but am trying to get my PF amount for almost an year. but still could not get it.
There was what was known as traditional pension plan where the company made the contribution and the employees did not. That plan, considered to be expensive for the corporations, is gone. Now, the employees have to save for retirement plan called 401K. Employees make a contribution with a maximum limit and the employer matches part of it. You can withdraw only when you retire or defer it till you are 70 and a half. The problem is that most Americans don't have good saving habits! :(Quote:
Originally Posted by great
oh, this has feature of PF :roll: except that you cant withdraw
Actually, one can withdraw from 401K (apart from taking loans). The only catch is, they'll withhold at least 20% for tax and another 10% as penalty for withdrawl if the person is less than 60 yrs old (considered "too early").Quote:
Originally Posted by great
These penal provisions are exempt in certain cases, like "hardship" (no job, no unemployment pay, no other assistance etc that has to be proved).