BSE Sensex tanks below 20k

On Thursday, the Bombay Stock Exchange index Sensex tanked below 20,000 marks and the National Stock Exchange Nifty was also posted biggest percentage. The BSE Sensex closed at 19,674.33 shedding 387.91 points, or 1.93 per cent and broad-based Nifty closed at 5,993.90 points losing 127.45 points, or 2.09 per cent.

The stock market in India witness nose dive due to the poor quarterly report presented by the State Bank of India and possible cut in the stimulus packages by US Federal Reserve. The last week the BSE Sensex was gained around 500 points in a day, the biggest gain for the month. And the fall recorded on Thursday was another big fall witness. The sentiments of the investors were also rattled due to weak China manufacturing survey.

On the other hand, in the bullion market, the yellow metal was being seen at price fluctuations and similar case with the silver at the international market. The poor performance report by the State Bank of India for the quarter ending March has hit the sentiments of the investors, as the market started tumbling after the report was out.

It might take some time for the stock markets in India to recover from the posted loss on Thursday, as only hope if the RBI would go for further cut in the key interest rates as the headline inflation was seen moderating.

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Samajwadi Party to Skip UPA II Dinner Party

Samajwadi Party, which extends outside support to UPA government, has decided not to attend the UPA II dinner party tonight. The dinner party is being hosted to celebrate the 4th anniversary of the UPA II government at the center; the Prime Minister would be meeting the key allies and supporters of UPA II government today evening at dinner.

The senior leader of Samajwadi Party Naresh Agarwaal said taht their leader would not attend the UPA II's 4th anniversary dinner party. The BSP Supreme Mayawati likely not to attend the party of UPA II, however there was no official confirmation over this from the party. The UPA government has completed the 4 years successful term at the centre for the second time.

The second term of the UPA government was full with scams and controversies; those gave opposition parties to grill the government on many issues. And this could be the major reason of Samajwadi Party boycotting the dinner party.



Some key allies in the UPA coalitions might not be happy with the scams and performance of the government in tackling those. The country will go for the mega polls next year and the parties have been started their implementing the strategies to reach their voters.

It is noteworthy that the Samajwadi Party chief Mulayam Singh Yadav had strongly criticized the UPA government over the incursion of Chinese Amy into Ladhak region.  

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Justdial IPO fully subscribed

The local search engine, Just Dial has set a milestone in its business empire as its initial public offer (IPO) was oversubscribed on Wednesday by 1.94 times at the National Stock Exchange (NSE).

According to media reports, the company Justdial has issued IPO worth 950 crores, having the fixed issue price at Rs 470-543. The company’s IPO received bid of more than 2.63 crore shares against offer of 1.35 crores at the NSE.

Just Dial has also given a discount to attract more customers and also reportedly assured to buy back the shares if the markets price of the shares goes down during the scheme period - 'safety net'. That would be for the retail investors holding the stocks of the company. However, the company has also some limitation on buyback scheme that read it is subjected to a maximum of 1,000 shares per allottee.

In February 2011, the Bollywood actor Amitabh Bachchan had agreed to pick up about 63,000 shares at Rs.10 of Just Dial, now his investment in the company would worth Rs. 3.4 crore. He is also the brand ambassador of Just Dial, as he signed contract for three years with the company that would expire by December 2013.

Around 89 per cent of the IPOs were subscribed by the qualified institutional buyers.

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Gold Price Plunges to 31 Months Low

The gold price tumbled tumble to 31 month low on Monday, the first day of the week, due heavy selling by the stockists. The weak cues from the foreign market had hit hard on the sentiments of the investors those were anticipating a gain from the safe investment yellow metal – gold.

The equity market in India has been signing and the investors have been confident getting around five to six per cent guaranteed income from their investments in the stock market. But when it comes to investing in the gold, rattled investors due the fluctuation in the price have been keeping looking other safe alternative portfolios instead of the gold.

In India the gold price was at Rs 26,370 per 10 grams on Monday and sliver was also being sold at price of Rs 42,170 per kg. The gold and silver prices were declined by Rs330 and aRs1530 respectively. Recently, the people of India had purchased good ornaments and gold coins on the occasion of Akshya Tritia on May 13, 2013. The day is being considered favourable to purchase good, which would bring fortune to them.

At the end of 2013 and beginning of 2013, the gold was traded at highest prices and was considered as safest investment. But the mid of 2013 has brought the gold to 31 months low prices and the further weak signal from the foreign markets could plunge it further to a new low level.

Considering possibility of further slip in the gold prices, traders and investors have been waiting a good call to purchase and hoard the gold for future trading.

Updated News:
On Tuesday, the gold price recovered from the steep fall recorded on Monday, the gold price went up by Rs.Rs 680 to Rs 27,050 per ten grams in the bullion market.

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Smartphone is a Necessity?

Economics teaches ‘human wants are unlimited and one want is satiable’. Is this definition about wants fit into the modern Smartphone market? Are the users are happy with one Smartphone of late? Technology has been taking a big leap into revolution that is likely to change the lifestyle of civilization in coming days.

There are many smart phones are available in the market leaving consumers in a puzzle over their preference. All the gadgets have unique features to attract their consumers and provide them the best user experience. Users do like the many features combinations in a single handset.

The common and basic features like GPRS, GPS, Bluetooth, USB adaptability are with the even ordinary or common mobile phones today, what makes the Smartphone so special about?

Of course, the phone is being primarily considered for voice call, which is the basic operation of the product since it is invented. Do the development of next generation Smartphone changed the basic requirement concept?

The basic requirements of mobile users have been changed with the advancement of the mobile technology or the software that enables the phone to function. Users might not take the phone by paying huge price – only to make calls from that costly gadget. They look for special features in that which could make them more production and stay connected with their profession as well.

No doubt that the latest gadgets have been helping the younger generation more productive and active and the market have been transforming into giant market that was never experience before. And the Smartphone has been a part and parcel of life for the users having big responsibilities.

And the fact also can’t be denied that some of the other users do have these for only fun. That was event from the Blackberry advertisement – we do chat, we do mail …… blah…. blah…

Technology has been changing and shaping our life, and the role of smartphone is minimal, which seem to be become a necessity for all the users irrespective of their status and age.

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Personal Finance blues, top five tips

Money is everything and without it every task is incomplete. Personal finance is the science of managing the money in an efficient manner to gain or to being frugal. There are many tips and rule to be rich, and fact is that one can’t be rich over a night or a month. The process involves consistence practice and dedication in managing personal finance and money. Income and expenditure are the two greatest ways to accumulate and disperse money.

There is a good saying a penny is saved is a penny earned. And that is fact indeed, well there is no scientific rule to prove but personally that can be experience. It is also subject to certain conditions alike applicable with many theories in economics.

If you’re reeling under burden and looking for alternative option to manage your personal finance, then there are no short-cut mantras to fix it. But few tips you could follow to do-it-yourself (dIY). Here are top five tips; one could follow to check the imbalances in his or her personal finance;

1) Spend Less: when the income is low and the list of expenses goes up like anything, there is no way but to spend less. This is the great mantra to save something from the outlay that you have already planned for spending. Of course, this may not be applicable in the case of medicine or health concerns, where you can’t control. But in the other general cases, one could control on the spending and explore the best possible ways to have multiple income sources.

2) Best deals: Look for the best deals for the goods your planning to shop. Compare the price of various stores and outlets, before purchasing blindly those good and items. The best thing you can do is the look for the discount advertisements on the newspapers or free ads magazines.

3) Online shopping: Internet has become a major player in shaping the personal finance managements. Online shopping can save your lot of money. And the advantages of online shopping are time management and less marketing expenditure – traveling expenses. Most of time is being spend on the transport while outing for market, and all should visit from outlet to another to get their goods and items.

Visit couple of e-commerce sites or online shopping portals you can find varieties of items within few minutes spending there instead of running here and there in the market. There may be some limitations to the online shopping in some parts in the nation, but it could be the best option for many shoppers.

4) No credit: The most important thing one should keep in mind that the liability over shopping is the big burden. Many think they use their credit card initially and later-on pay to the credit card account, but that does not work often.

Having credit card has many advantages but also many demerits on the flip side. Credit card is the flexible in shopping but the burden of repay weighs high, whenever one plans to repay. If one fails to manage credit on credit card, the buyer may be trapped in it. Plan properly how to handle credit on credit cards. And also avoid purchasing goods on credit from retailer.

5) Cheaper Items: Look for substitute and cheaper items if possible while shopping. But the quality should not be compromised at all. Try to find the best alternative for the goods you are looking for. The globalization has made the market big today and alternative are available in the every market. Prefer goods having lower prices compare the tax levied on the goods and try to cut those if possible.

These five tips will help to manage your personal finance. Next time you visit to any outlet make sure you’ve prepared your mind over your expenses and personal finance tips.

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How to stay financially fit during crunch?

Uncertainty is the beauty of life; the personal finance is full of uncertainty as well. Having fixed income has been the best and secure way to lead a descent life, and that is what everybody tries to achieve in their life.

During the financial crunch, which may strike at any time, one should always be prepared for that. Managing personal fiancé involves discipline lifestyle and few management approaches those to be implemented.

Obviously, no one anticipate that it could strike so early, he or she is being already trapped in financial crisis. Hardly do there any time left for the person to undo his or her past actions.

While managing personal finance for a tough situation one should aim for sustainability alongwith meeting the current requirements. For that, the current savings could be allocated in portfolio to get proper return.

The big question is how much fund does one require to maintain the current income sources intact? The answer is very simple, but just more than impossible to implement. The answer to that query is, one does need around 130 times of his current monthly income, to get the equal amount of monthly income from the funds.

That sounds nonsense for many but true indeed, if you want to have your income regularly from sources without having single effort. In order to manage personal finance, one need to focus on the expenditure site, whether any waste expenditure is being incurred, which immediately need to be cut off from the expenses list?

The basic law is that one should maintain surplus in income to avoid any financially disturbed life. The best mantra is to strike a balance; it should be towards surplus side of income and deficit side of the expenditure.

Do not worry during the financial crunch time, rather you can sit down and plan everything beforehand it drown you completely into crisis.

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IPL Fixing rattles Cricket Lovers

How did you feel about the recent fixing tales in IPL matches? The peace bowler Srishant has accepted his blunder of spot fixing, and the media has also highlighted his indication to bookies in form of signals while bowling.

Cricket is no longer to be call game of Gentlemen’s. Racism and fixing have been there in the international cricket. Some of the Pakistan cricketers were charged with fixing matches recently and perhaps this is the first time that it moved on IPL players.

Surprisingly, the trio players betrayed the people and cricket lovers with involving the spot fixing. The game of the Indian Premier League (IPL) has been on the successful tournaments in the world.

The tournament has been one of the most expensive and profit making venture, where all owners, those invested have been doing simply business by entertaining crowd.

The channels have been also earning huge chunk of profit by telecasting it. The fixing was there to gain from spot fixing, and the three players reportedly agreed to dance to the tune of bookies, which landed them behind bars leaving a mark on the IPL game.

After the issue of the spot fixing the taste of IPL has been fade away. Cricket fans might not be fond of cricket again at least over the IPL matches, and may not take the rest of the matches seriously.

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Auditions for Miss ICON India 2013

The auditions for India’s premier female model contest Miss Icon India 2013 are going to be organized from 24 May 2013 to 13 July 2013. The auditions will be conducted in Mumbai, New Delhi, Chandigarh, Jaipur, Hyderabad, Nagpur, Ahmadabad, Raipur, Bhopal and Indore. Total 20 candidates will be selected for semifinal round and top 3 candidates will perform in Grand Final, which is scheduled to be organized on 10 August 2013.

The selection of candidates will be made on their performance in three main sessions- scanning round, semifinal round and final round. In the scanning round candidates will undergo the process of registration, audition and final scanning. Selected 20 Models in semifinal round will get 1 Lac in INR cash prize and 1 year working contract.

In Grand Final Round there will be a grooming and training session in which final Contestants will be professionally groomed & trained by experts from various fields like Personality Development, Skin & Hair Care, Diction, Ramp-walk, Modeling & Physical Training for 20 days. Then in a sub event scheduled in Goa the titles of Miss Beautiful hair, Miss Beautiful eyes, Miss Beautiful body, Miss photogenic face, Miss beautiful smile and Miss talented will be awarded. Miss ICON India 2013 will be selected in Grand final, scheduled in Indore.

Managing Director of the W3N! What Next Mr.Aashish Dhakad told, “B-Class cities are displaying enormous talent. Keeping this in mind, we are organizing Miss ICON India 2013.”

Director Marketing Ms.Shreya Soni told, “Miss ICON India 2013 is a platform for the girls, who want to make career in TV and film industry.”

Miss ICON India 2013 is India’s premier female model contest celebrating its 2nd year in 2013. It opens the gates of opportunities for aspiring female models. It tests candidates for their true beauty, which is a combination of virtue, intelligence and presence of mind. Selected candidates get the chance to work with some good brands, shoots etc. All contestants receive a certificate, a high quality professional portfolio and a perfect platform to show their talent. This platform brings several established names from the industry together.

This gala event will be supported by a 360 degree promotional plan including TV, Radio, News papers and magazines, hoardings, online promotion and other popular modes of communication. The marketers and promoters will get a chance to connect directly to their target audience.

For More Details Please Contact: Atul Malikram [atul@atulmalikram.in]

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Reliance Retail to launch Reliance Digital Express Stores

Reliance Digital Express store, a customized version of Reliance Digital, the electronics arm of Reliance Retail will be launched in Mumbai on 18th May, 2013. The Reliance Digital Express stores will host safe, secure and latest technological devices used in everyday life.These stores will be operational in Bhandup ,Bandra and Prabhadevi areas from 18th May 2013.

Reliance Retail has focused on concept stores to cater to the various needs of Indian consumers. Carrying forward this vision, the electronic durables customized store known as Reliance Digital Express will be launched in many more locations starting with Mumbai.

The idea behind Digital Express was to create awareness about the latest technological advancements taking place across the world today and bringing them together under one roof. At these stores, you can get various home security systems, all kinds of information about how to use the latest electronic and wireless devices, viz. how to use video calling from your latest gadget, how to stream movies directly from the cloud or how to use high tech camera enabled intercoms. The well-trained team at Digital Express stores will help to solve any queries and also guide you through choosing the best-fit option available that suits your needs.

The store will have latest gadgets including smartphones, ultra books, HD speakers, music players, smart TVs and many more such gadgets which make a better lifestyle. As a part of its launch program, there are many exciting offers on products where you can get discounts, freebies and gift vouchers on any of its stores for the first three days.

The stores are designed considering the intrinsic requirements of gadget freaks. As for example, it lends a corner to experience each gadget individually in its own environment. It will create a superior shopping experience for its customers. Branded as the world’s coolest technology store, these series of stores will open new arenas of using customized technology equipments.

Reliance Digital Express is an addition in the kitty of Reliance Retail, the retail arm of Reliance Industries Limited. Reliance Retail is the largest retail chain in India and is set to expand even further in the upcoming years.

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