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Monday, January 31, 2011

Three directors, key executives quit Koutons, as it struggles to raise funds from markets. - Latest Stock Price & Expert Comments

Three directors, key executives quit Koutons, as it struggles to raise funds from markets. - Latest Stock Price & Expert Comments


Three independent directors and two key executives of financially troubled retailer Koutons have resigned from the company, as it struggles to raise funds from markets.

Koutons’ independent directors Vinod Chander Sinha, Girish Chandra Raghubir and Krishnamurthy Santhanam have resigned citing ill health and personal reasons, while its Chief Financial Officer, Ajay Mahajan, and Company Secretary, Poonam Chahal, have also put in their papers. Last year, Ajay Mittal, Anil Kathod and Rajeev Grover had resigned as independent directors of the company.

The company was also hit by a sharp spurt in the pledging of promoter shares, a decline in the company’s stock prices, rumours about the default on its bank dues. Icra had also suspended ratings awarded to Koutons’ fund-based facilities. With a 2.42 per cent decline on Monday, the company’s stocks have fallen by 51 per cent since the beginning of the year.
Koutons was planning to launch a premium brand and shut stores, besides rasing Rs 400 crore through a qualified institutional placement or global depository receipts by December last year to improve its finances.

“The fund raising plans have not yielded any results. They are still grappling with many issues,” said a research analyst with a Mumbai-based brokerage. In a statement filed with the BSE, Koutons said it has called a board meeting on February 3 to consider the financial results for third quarter of financial year 2011 and consider the resignation of directors with effect from January 28, and executives with effect from January 29.

The board will also consider the appointment of KK Katara, Pravesh Ahuja and Rajeev Khandelwal as additional directors (independent) of the company and the appointment of Arun Aggarwal as the CFO and company secretary of the company.



Global Positioning System (GPS) tracker customised for local users - Now track your car from your browser


Developed by a Qatari IT service provider, the T-Qat vehicle tracking system is being touted as the only monitoring system which has a web server developed in Qatar and has an Internet-based Global Positioning System (GPS) tracker customised for local users.

Now track your car from your browser

The service provider aims to extend the service to more Gulf countries as well as Africa while subscribers outside Qatar will need to pay along with the yearly fee the monthly GSM roaming charges.

The system is expected to prove particularly useful in improving vehicle breakdown services as well as to monitor vehicles which transport school students as well as day and night shift employees of companies.

The service provider, Advanced Technologies and Solutions, which has developed the tracking system, is participating at the Qatar Motor Show in Doha to create awareness for the device.

Installing the system in a vehicle can help a company or an individual have complete control over the second party usage of their vehicles while sitting before a computer with an Internet connection.

Now track your car from your browser

They can track the vehicle's location, movement and speed travelled by the vehicle user and can also set off a speed alarm. The current clients of the firm include car rental, limousine as well as trading and construction companies.

The system also gives the owner of a car the authority to cut off the engine of a vehicle with a click on their laptop or a mobile via the web following necessary safety precautions.

The Report Management System provides automated fleet management reports on over-speeding, historical data, parking and running reports along with geographical area and mileage reports.

The system operates with the GPS vehicle tracking device connected to the ignition system and other desired parts of a vehicle, after a subscriber has registered online with the service provider paying an annual fee.


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Tata Steel Ltd FPO Allotment status - Enter your application number to check the allotment status, Latest Stock Price & Stock Comments


Tata Steel Limited Logo

Incorporated in 1907, Tata Steel Ltd is India’s largest steel companies with a steel production capacity of approximately 27.2 mtpa. The Company has a presence across the entire value chain of steel manufacturing, including producing and distributing finished products as well as mining and processing iron ore and coal for its steel production. According to WSA, the company was the seventh largest steel company in the world in terms of crude steel production volume in 2009. Tata Steel's operations are primarily focused in India, Europe and other countries in Asia Pacific. In Financial Year 2010, the Company’s operations in Europe and India represented 62.9% and 28.8%, respectively, of its total steel production

Sunday, January 30, 2011

Dell Streak Tablet in India, Price Rs 33,249 - Android Operating System, Touch Screen, Dual Camera,Key Features & Specification



Dell Streak (previously known as the Mini 5) is a smartphone/tablet PC hybrid from Dell that uses the Android operating system. It comes with a 5-inch (13 cm) capacitive touchscreen and two cameras, a 5MP one with dual-LED flash on the back and a VGA-resolution one on the front for video calling; both are capable of video. The development was first disclosed in June 2009[4] and in October 2009 it was known that the tablet is capable of making 3G phone calls.

Dell announced the launch of the Dell Streak Tablets in India, in association with Qualcomm and Tata DOCOMO. The Dell Streak, priced at Rs. 33249, is a 5-inch Android-based tablet combining the most popular features of a smartphone and a tablet and designed to provide people the best “on-the-go” entertainment, social connection, and navigation experience.
The Dell Streak is powered by Qualcomm’s Snapdragon 8250 mobile processor. It is, in fact, the world’s first Snapdragon based pocket tablet. The 5-inch screen is ideal for experiencing thousands of Android Market widgets, games and applications. It has built-in 3G HSUPA, Wi-Fi and Bluetooth connectivity.


Dell Streak can be experienced and will be available for pre-booking at all Dell Exclusive stores, Tata DOCOMO ‘Dive In’ centers and authorized retailers.

Key Features:

  • A full screen browsing experience with a 5-inch capacitive multi-touch WVGA display,
  • Gorilla Glass display resists damage and scratches resulting from regular use or accidents.
  • At less than 10mm thickness, the Streak is more portable than any other tablet, it easily slips in a pocket or purse
  • Easily integrated social media apps: Twitter, Facebook, YouTube and Google Maps
  • The Android open source O/S offers more opportunities for growth, to access and download Google Android Market’s many applications
  • Packaged with cushions made from 100 percent sustainable, compostable bamboo
  • High resolution 5 MP camera with flash, VGA front facing camera for easy point and shoot and enabling video calls, removable battery, built-in Wi-Fi, 3G HSUPA and Bluetooth connectivity options
  • The powerful Snapdragon mobile processor makes multitasking easy, allowing users to talk on the phone and browse the web at the same time, or listen to music while using the Google Navigation app.
Specifications:

  • Qualcomm’s powerful and efficient Snapdragon QSD8250 chipset with integrated 1GHz processor
  • Android platform complete with Android Market and Dell user interface enhancements
  • 3G + WiFi + Bluetooth
  • HSUPA with up to 7.2 Mbps downlink and 5.76Mbps uplink speeds
  • 5 MP autofocus camera with dual LED flash. Easy point, shoot, and uploads to YouTube, Flickr, Facebook and more
  • User accessible Micro SD expandable memory available up to 32 GB. Store up to 42 movies* or 32,000 photos, or 16,000 songs with 32GB Micro SD
Video



Endowment Policy - Features, Suitable for, Introduction, Premium, Bonus, Liquidity, Savings, Certain Importance things about Endowment Policy



Features
  • Moderate Premiums
  • High bonus
  • High liquidity
  • Savings oriented.
Suitable For:

Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.

The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.

Introduction

An endowment policy covers risk for a specified period, at the end of which the sum assured is paid back to the policyholder, along with the bonus accumulated during the term of the policy. An endowment life insurance policy is designed primarily to provide a living benefit and only secondarily to provide life insurance protection. Therefore, it is more of an investment than a whole life policy.

Endowment life insurance pays the face value of the policy either at the insured's death or at a certain age or after a number of years of premium payment. Endowment policy is an instrument of accumulating capital for a specific purpose and protecting this savings program against the saver's premature death.

Premium on endowment policies is payable for the full term of the endowment policy unless, the insurer dies earlier. When compared to whole life policies, the premium rates for endowment policies are higher and the bonus rates lower. But one of the major attractions of endowment policies is that they provide a return on premium payments, when the policy comes to an end. The endowment received at the maturity of the policy can be used for buying an annuity policy to generate a monthly pension for the whole life.


Endowment policies are one of the most popular insurance plans. Apart from providing financial risk cover in case the insurer's-who is usually a family's breadwinner-premature death, the insurance amount is also repaid once this risk is over. The endowment amount paid at the maturity of the policy can be used for meeting major expenditures such as children's education and marriage, etc.

Certain things that individuals should understand about endowment policies.

1. An endowment policy is a combination of insurance and investment: The life of the individual taking the policy is insured for a certain amount. This life cover is referred to as the sum assured.

A certain part of the premium gets allocated towards this sum assured. Some portion of the premium is allocated towards the administrative expenses of the insurance company selling the policy. The remaining portion of the premium gets invested.

2. An endowment policy may declare a bonus every year: The money that is invested generates a certain return every year. This return may be declared as a bonus. The bonus is typically generated as a certain proportion of sum assured or life cover as it is popularly known.

So if an individual taking the policy has a policy of sum assured Rs 10 lakh (Rs 1 million) and the company declares a bonus of Rs 50 per thousand of sum assured, then the bonus works out to be Rs 50,000.

3. The bonus declared is not payable immediately: Like is the case with a stock dividend or a mutual fund dividend which is payable immediately after it is declared, the bonus declared accumulates and is payable only when the policy matures or in case the policy holder dies.

4. The bonus declared does not compound it, only accumulates: Let us take the case of a 35 year old individual who takes a policy with a sum assured of Rs 10 lakh with a term of 20 years.

The premium for this would be around Rs 49,000 per year. At the end of the first year, the insurance company declares a bonus of Rs 50 per thousand of sum assured or 5% of sum assured. This amounts to Rs 50,000. This Rs 50,000 remains Rs 50,000 for the next nineteen years till the end of the policy. The same thing happens to the bonuses declared for the remaining period of the policy as well.

5. Since the bonus declared does not compound returns are low: Extending the example taken above, let us assume that the insurance company declares an average bonus of 5% every year. What this means is that every year on an average a bonus of Rs 50,000 is declared. So at the end of twenty years, the total accumulated bonus would amount to Rs 10 lakh (Rs 50,000 x 20).

Chances of an insurance company declaring an average bonus of more than 5% over a period of twenty years are very less. This is primarily because endowment policies largely invest in government securities and after taking into account the administrative expenses of the insurance companies, a greater bonus is highly unlikely.

So at the end of twenty years, the individual gets Rs 10 lakh of accumulated bonus and Rs 10 lakh of sum assured, making a total of Rs 20 lakh (Rs 2 million).

On this he has been paying a premium of Rs 49,000 every year. This amounts to a return of 6.39% per annum, which is not great. If the individual expires during the period the policy his nominee gets the Rs 10 lakh of sum assured as well the accumulated bonus till that point of time.

6. Take a term insurance policy and invest in the public provident fund: A better way out for an individual is to take a term insurance policy. A term insurance policy is a pure insurance policy.

If the policy holder dies during the period of the policy, his nominee gets the amount of the sum assured. If he survives the period of the policy, he does not get anything. Given this, the premiums on a term insurance policy tend to be the least among all insurance policies and they provide an adequate life cover.

A term insurance policy for a period of 20 years, for a 35 year old individual, would cost around Rs 4,600 per annum. So instead of taking an endowment policy it makes more sense to take a term policy of Rs 10 lakh.

The remaining money i.e. the difference between what needs to be paid on taking an endowment policy of similar sum assured and the premium on the term policy, can be invested in the public provident fund (PPF). The difference in the example taken here works out to Rs 44,400 every year.

If this is invested every year into the PPF, at the current interest rate of 8%, the individual is likely to accumulate Rs 21.94 lakh (Rs 2.194 million) at the end of 20 years, which is nearly Rs 2 lakh (Rs 200,000) more than Rs 20 lakh he is likely to accumulate in case of the endowment insurance policy. Also the bonus on the insurance policy is not guaranteed whereas PPF guarantees an interest of 8% every year.


List of Holidays for BSE - NSE in 2011


  1. Republic Day -26th January, 2011 (Wednesday)
  2. Mahashivratri-2nd March, 2011 (Wednesday)
  3. Ram Navmi - 12th April, 2011-(Tuesday)
  4. Dr. Babasaheb Ambedkar Jayanti - 14th April, 2011(Thursday)
  5. Good Friday - 22nd April, 2011 (Friday)
  6. Independence Day - 15th August, 2011 (Monday)
  7. Ramzan Id - 31st August, 2011 (Wednesday)
  8. Shri Ganesh Chaturthi - 1st September, 2011 (Thursday)
  9. Dassera - 6th October, 2011 (Thursday)
  10. Diwali Amavasya (Laxmi Pujan)-26th October, 2011 - (Wednesday)
  11. Diwali Balipratipada - 27th October, 2011 (Thursday)
  12. Bakri-Id - 7th November 2011 (Monday)
  13. Gurunanak Jayanti -10th November, 2011 (Thursday)
  14. Moharum - 6th December 2011(Tuesday)

Saturday, January 29, 2011

Cricket Schedule of ICC World Cup 2011 - Schedule and fixtures, List of teams in Group A and Group B.


ICC World Cup 2011 Schedule

Cricket Schedule of ICC World Cup 2011. Fixtures of Cricket World Cup 2011 schedule has been announced. The first schedule match of ICC World Cup 2011 between India vs Bangladesh begins Feb 19, 2011 onwards. Keep viewing CriSchedule for latest updates on Cricket Schedule and Fixtures of upcoming ICC World Cup 2011.

World Best 14 Teams are divided into two groups: Group A and Group B. A total of 49 matches will be played. The tournament will occur in India, Sri Lanka and Bangladesh from Feb 19, 2011


Group Division:

Group A:Group B
Australia, Pakistan, New Zealand, Sri Lanka, Zimbabwe, Canada, Kenya.India, South Africa, England, West Indies, Bangladesh, Ireland, Netherlands.



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