RBI Holding 558 Ton Gold Reserves : Worth $ 2,702 Crore

The Reserve Bank of India (RBI ) is holding gold reserves of 557.75 tonne valued at USD 2,702 crore  Parliament was informed. Minister of State for Finance Namo Narain Meena said, "As on April 20, 2012, the value of gold reserve was USD 2,702, which accounts for 9.2% o…

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Bank of India cuts home loan rates

The state run, Bank of India (BoI)  announced reduction in its house loan rates by up to 0.75% as well as a 0.25% drop in the base rate to 10.50%. The new rates will be effective May 1, 2012 the BoI said in a statement. Accordingly, the new rates will be 10.50% for loans up…

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In Terms Of Transparency In The Real Estate : Tamil Nadu Ranked Second

The Real Estate Transparency Survey 2011-12 ranks TN (Tamil Nadu) second only behind Andhra Pradesh on various parameters while determining transparency.  The TN state is followed by Maharashtra, Gujarat, NCR - Delhi and Karnataka on the transparency index of 20 leading Ind…

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Bring again Entry Load on MF: Fin. Advisors Tell SEBI

A revival of entry load & allowing mutual fund houses to revive the practice of providing ‘indicative yields’ while floating FMPs (fixed maturity plans) were among the key demands put forth by IFA (independent financial advisor) associations in their meeting with top SE…

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Citigroup Review : Maruti Suzuki Share to Touch Rs. 1,654

Citigroup has reiterated its ‘Buy’ rating on Maruti Suzuki and set a target price of Rs.  1,654. “Given the recovery in volumes after a brutal 3Q FY 2012, we increase our FY13/ 14E volume estimates by 6/5% respectively. Our upward revision of FY13/14E earnings by 16% /  8% …

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Eureka Forbes : Guard Your House Through Smartphone

You may soon be able to open & close the door of your house, switch on the AC, and detect fire through your smartphone. The maker of water purifiers & vacuum cleaners Eureka Forbes plans to introduce such a house automation device in India. Eureka Forbes, a part of…

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Share Review Jindal Steel and Power

Citigroup has reiterated its ‘Buy’ rating on Jindal Steel and Power (JSPL) It values JSPL’s power business using a discounted cash flow approach as power plants generate largely predictable cash flows for fixed time periods. Citigroup said it prefers FCFE as individual pro…

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Share Review : LICHFL Target Rs. 306

HSBC has maintained its ‘Overweight’ rating on LIC Housing Finance (LICHFL)  revised its price target to Rs. 306 from Rs.  299. LICHFL is currently trading at 12 month rolling multiples of 10.8x P/E and 1.8x P/B, which is close to its 3 year average multiples. Given the bet…

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MSE Institute of Capital Markets : Investors Programme, May 5, 2012

MSE (Madras Stock Exchange) Institute of Capital Markets has been decided to conduct Investors Education Programme for Beginners every first Saturday of the Month at Chennai. Investors Education Programme for Beginners to be held on Saturday, the  5th May 2012 at 04.00 p.m. …

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SEBI: Move into own premises in Chennai

Come Monday (May 7, 2012), Inidan stock market regulator SEBI’s (Securities and Exchange Board of India) Southern regional office will move into its own premises on Anna Salai.Chennai. SEBI will move from its rented premises in Alwarpet to its own premises near the headquart…

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