Investors Heaven

Debt Settlement Is The Easiest Way To Abolish Credit Card Debt

2009-04-29T15:07:00.003+05:30

In comparison with the available options for debt relief Debt settlement is considered as the most easiest and economical way for eliminating credit card debts and unsecured debts. The debt settlement should be practiced when you're completely unable to pay off your installments in due time. Nowadays, creditors easily accept debt settlements once it is sure that the consumer is facing problems in paying off his installments. Creditors have reason to do so, as they also believe "something is better than nothing".

Debt settlement is not a bad thing, it is infact a debt reliever. It is one type of arrangement through which you can re-organize your installments / debts in easy and comforting way without damaging your credit score. These debt settlement programs are structured in such a manner that you can easily eliminate your entire debt within 18 to 36 months. However, these things depend upon certain factors like how much debt is and what interest rate is applied. If you pay maximum payments on your debt then you can get out of your debt quickly.

Credit card debt settlement is the process in which you or your representative negotiates your debt with the creditor so that he can agree upon easing your installments and interest rates. Most creditors agrees quickly for debt settlement as they are aware that they will receive nothing if you file bankruptcy. Debt settlement is the fastest and most effective way to choose if you wish to get out of debt. In my mind debt settlement is the best options if you want to avoid bankruptcy. Bankruptcy is the worst case scenario, it damages your credit report completely and makes almost impossible for you to get any loans in future.

If you wish to have free debt consultation then visit nationaldebtresolution.com.

Satyam Bid Won By Tech Mahindra

2009-04-13T16:16:00.003+05:30

Tech Mahindra is the winner of auction process of Satyam Computer Services. Tech Mahindra will buy 31% equity at 58 rupees per share. Whereas, other players like L & T and others had offerd around 49.50 rupees per share.

The cost of entire Satyam bid is $351 million for 31% stake and for remaining 20% Tech Mahindra have to make an open offer at price of 58 rupees per share. The announcement of open offer will take place within four days from the approval of Company Law Board.

RIL-RPL Merger

2009-03-02T11:17:00.003+05:30

Reliance Industries board has decided to merge RIL's entity Reliance Petroleum Limited with the parent company Reliance Industries Limited.

The merger ratio is 16:1, means RPL shareholders will get 1 share of Reliance Industries Limited against 16 held. The merger ratios is little bit in favor of RPL and this merger will be taken into account from 1st April 2009.

Reliance Communication - A Jewel in the Mud

2009-02-13T19:58:00.005+05:30

Reliance communication announced today its GSM subscriber stats, and they got a whooping 5 million addition in their first month. The company is heading towards great highs. In addition to this they have also mentioned that their CDMA subscriber addition very encouraging. Although they have does not disclosed the figures and promised to disclose it soon.

The company had formed a 5 million subscriber in the first month which is itself the biggest record after chinese company in the world. With the startup of GSM service it is believed that the revenues of the company will grow by 75% within a year and hence the bottom line will rose handsomly.

Raju Ramalinga Reported 13000 Fake Employees

2009-01-26T11:20:00.002+05:30

The root of satyam scam are getting deeper day by day. According the the sources the government attorney has claimed in court that satyam is not having 53000 employees and is having 40000 employees only. The 13000 employees shown in the books were fake and their salaries were credited into fake accounts of Ramalinga Raju.

By this fraud Ramalinga Raju was doing scam of $5 million every month. Also Mr. Raju is having thousands of acres of lands which he has bought at price of nuts with the help of his political connections. Many links and government employees are also feared to get exposed alongwith this mega scam.

Barack Obama Sworned-In

2009-01-20T23:04:00.003+05:30

The 44th U.S President Elect Mr. Barack Obama is sworned-in today as the 44th president of united states. Over 3 million people witnessed this historic event in washington with hope and faith towards obama in their eyes and heart.

The president in his historic speech today talked about concerns about economy and his willingness to do in this field.

We all being citizen of the world hope greater sun-rise from him tomorrow.

Satyam Chairman Raju Ramalingam Surrenders - Ramalingam Raju Arrested

2009-01-09T23:17:00.003+05:30

As per media reports, Ex Chairman of Satyam Mr. Ramalingam Raju had surrendered against DGP of state government. However the reports are not confirmed and it is believed that Raju Ramalingam has been arrested. The media is awaiting confirmation from State DGP.

Meanwhile the government had disolved satyam board and also the board meeting which was to held tomorrow has been called off. The government will appoint new board members and board member's first meeting will be held within a week.

Chairman Ramalingam Raju Commits Fraud

2009-01-08T08:52:00.003+05:30

Chairman of Satyam Somputers Limited Mr. Ramalingam Raju commits fraud worth 7000 crore indian rupees. In his letter to the board members he accepted that he has shown inflated cash reserves, income and cash balances. He also stated that no board members are involved in this probe except him. As soon as the statement come in the stock of Satyam Plunged 80% and closed on NSE at 40 levels.

The Security Exchange Board of India had sent special team for investigation to Satyam's banglore headquarters. As Satyam is Nasdaq listed company the chairman had also to face investigation and prosecution in U.S.

This fraud is first of its kind and the biggest in indian I.T Sector. This fraud has also exposed the defects of corporate governance in india and also had spoiled India's image in Investor World.

Sensex abover 10k mark

2008-12-19T14:27:00.002+05:30

Sensex reached above 10000 mark since oct. 1st for the first time and also Nifty crossed 3000 market. Both are contineously trading above these levels and it is believed that short term trend is bullish.

FII have to show good records in their portfolio and thus their buying will surely support the market in the short term. On the other hand there is bunch of good news flowing into the markets like the inflation data which fell to 6.84% yesterday, it increases the possibilities of RBI rate cut.

Company Formations UK

2008-11-12T12:09:00.000+05:30

If one is planning to start new business (whether limited or private) in UK it needs number of things to be keep in mind for forming a company in UK. Whether you are individual seeking to form a company of your own or an expert looking to form multiple companies, If you want to sit back and want someone to do it for you then Highstone Company Formations is the place for you.

The company is expertise in UK Company Formations, whether its Simple Company Formations or LTD Company Formations. If you are an individual then you can walk though the company's simple seven step guide which are specially designed to discover the details of the company from very beginning. If you are professional the you just need to open an online account with Highstone Company Formations; through which you can check company names and can send your details automatically.

In addition to all this the company also accepts orders through Telephone, fax or Email. So before you think of anything just visit company's webpagewww.highstone-formations.co.uk and get all the necessary info's online.

Sensex down 511 points

2008-11-05T20:40:00.000+05:30

BSE Sensex down 511 points today, almost 5%, does it means that relief rally is over, or a small profit taking because of contineus 5 day rally. The star of the fall was reliance in trade today which fell almost 12%, and for index heavy weight stock reliace its quite a heavy cut.

Its still hard to predict things due to intraday wild swings and high volatility. Government also taking number of steps to improvise economy and i see no problem in the long term. For me every dip in indian markets at this levels is an opportunity to buy, a systematic buying which will lead to glorious profits.

ICICI Bank going to Bankrupt?

2008-10-10T13:45:00.002+05:30

ICICI Bank in Crisis?

Bad rumours started flowing into the markets about ICICI BANK that that bank is facing severe damage and problems due to american financial crisis. ICICI Bank is the no. 1 private sector bank of india.

The stock of ICICI Bank fell almost 30% in single trading session today and the rush of people for withdrawing their money is witnessed at local branches.

The bank management and RBI still giving clarifications and singing one song "everything is ok", well as per history tells no bank which is goin bankrupt ever admitted that we are not fine. And Lehman Brothers is classic example of that. Its time to remain cautious although it might be rumours.

Sensex to reach 9300 Levels

2008-10-08T14:06:00.001+05:30

Dismal selling across the globe contineus and sensex breached 11000 levels today. Panic selling is witnessed across the globe and most markets went into oversold territory. With UK PM announcing the bailout package of banks, markets got bit of recovery but as per experts this minor intraday swings will also get sold into.

Once again rumors starting flowing into the markets that sensex will touch 9300 levels soon and will bottom out around those levels.

Stocks fall as economic woes overshadow bailout

2008-10-04T01:20:00.000+05:30

Stocks fell, shedding earlier gains on Friday, as concerns about the economy overshadowed the U.S. House of Representatives' approval of the Bush administration's $700 billion financial rescue package.

Financial stocks, which had traded sharply higher on the promise the bill would be passed, fell after the House vote on profit-taking and as the market focused on the tough road that still lies ahead for the U.S. economy.

The monthly jobs report earlier in the day suggested the economy may be in a recession. U.S. employers cut 159,000 jobs last month, the ninth straight monthly reduction and the steepest decline in five and a half years.

"If we did not pass this package we would have been headed for a severe recession -- the market is still coming to grips that we are still heading for a recession. There is some reality about the economy here that is setting in," said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co in San Francisco.

The Dow Jones industrial average was down 27.24 points, or 0.26 percent, at 10,455.61. The Standard & Poor's 500 Index was down 2.42 points, or 0.22 percent, at 1,111.86. The Nasdaq Composite Index was down 3.00 points, or 0.15 percent, at 1,973.72

Pado, however, added, "But I am encouraged. If we can get the credit markets to start to get back to normal -- it is not going to be instant, it will be a gradual thing -- but if credit comes back in line then that would be positive."

Source : http://www.finance.yahoo.com

US Congress to vote on bailout plan with added tax cuts

2008-10-01T11:35:00.000+05:30

In a bold bid to revive President Bush's multibillion-dollar financial rescue plan, Senate leaders scheduled a vote for Wednesday night on a version of the bill that adds substantial tax cuts meant to appeal to Republicans when it reaches the House.

The goal is to net at least 12 more House votes than the rescue proposal received Monday, when lawmakers rocked the political and financial worlds by rejecting it.

The gambit is certain to anger some conservative House Democrats, who object to tax cuts that are not offset with spending cuts. But Senate strategists assume it will gain more House votes than it will lose.

If so, Congress would be poised to pass landmark legislation giving the government billions of dollars to buy deeply discounted mortgage-backed securities that are choking off credit and roiling the markets.

The strategy is risky because some House members might see it as a high-handed move by senators. Senate passage of a bailout measure has seemed assured all along. The showdown is in the House, but now the Senate is trying to force the House's hand.

Sen. Charles Schumer, D-N.Y., called it "a brilliant move" that will "help pick up votes on both sides of the aisle."

House Speaker Nancy Pelosi's reaction was much cooler. "The Senate has made a decision about how to proceed and what can pass that body," the California Democrat said. "The Senate will vote tomorrow night, and the Congress will work its will."

The new approach, announced Tuesday night by Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., would tack large and contentious tax measures to the bailout bill. Senate leaders figure the House will have to approve it because the tax cuts are too appealing to Republicans and the financial rescue plan will still seem essential to most Democrats.

The Senate approach uses big, game-changing amendments. House leaders earlier were considering the smallest possible tweaks to the bill in hopes of picking up 12 more votes.

The Senate bill would raise federal deposit insurance limits to $250,000 from $100,000, as called for presidential nominees Barack Obama and John McCain only hours earlier.

House Minority Leader John Boehner, R-Ohio, praised the move, but many Democrats had signaled approval as well.

McCain, Obama and Sen. Joe Biden of Delaware, the Democratic vice presidential nominee, signaled plans to return to Washington for the Wednesday night vote. If Obama and Biden vote for the measure, it would make it more difficult for Pelosi and other Democrats to reject or change the Senate measure.

The Senate measure will graft the bailout language to a tax bill it approved last week, on a 93-2 vote. It includes: a provision to prevent more than 20 million middle-class taxpayers from feeling the bite of the alternative minimum tax, $8 billion in tax relief for those hit by natural disasters in the Midwest, Texas and Louisiana and some $78 billion in renewable energy incentives and extensions of expiring tax breaks.

In a compromise worked out with Republicans, the bill does not pay for the AMT and disaster provisions but does have revenue offsets for part of the energy and extension measures.

That wasn't enough earlier this year for the House, which insisted that there be complete offsets for the energy and extension part of the package.

The Senate version also may include a measure to require health plans for 51 or more employees to give equal treatment to mental health or addiction if they cover such illnesses. The House and Senate have passed similar mental health parity measures, but none has gone to Bush for his signature.

The surprise move capped a day in which supporters of the imperiled economic rescue fought to bring it back to life, courting reluctant lawmakers with a variety of other sweeteners including the plan to reassure Americans their bank deposits are safe.

Wall Street, at least, regained hope. The Dow Jones industrials rose 485 points, one day after a record 778-point plunge following the House vote.

Amid Tuesday's negotiations, Federal Deposit Insurance Corp. chairman Sheila Bair asked Congress for temporary authority to raise the limit on deposits by an unspecified amount. That could help ease a crisis of confidence in the banking system, Bair said.

She said the overwhelming majority of banks remain sound but an increase in the cap would help ease a crisis of confidence in the banking system as well as encourage banks to begin more lending.

Monday's House vote was a stinging setback to leaders of both parties and to Bush. The administration's proposal, still the heart of the legislation under consideration, would allow the government to buy bad mortgages and other deficient assets held by troubled financial institutions. If successful, advocates of the plan believe, that would help lift a major weight off the already sputtering national economy.

Bush renewed his efforts to save the bailout plan Tuesday, speaking with McCain and Obama and making another statement from the White House. "Congress must act," he declared.

Though stock prices rose, more attention was on credit markets. A key rate that banks charge each other shot higher, further evidence of a tightening of credit availability.

The rescue package was Topic A on the presidential campaign trail.

"The first thing I would do is say, 'Let's not call it a bailout. Let's call it a rescue,'" McCain told CNN. He said, "Americans are frightened right now" and political leaders must give them an immediate solution and a longer-term approach to the problem.

Obama issued a statement saying that significantly increasing federal deposit insurance would help small businesses and make the U.S. banking system more secure as well as restore public confidence.

Associated Press writers Tom Raum, Ben Feller, Alan Fram and Jim Kuhnhenn contributed to this report.
Source : http://www.finance.yahoo.com/

Lehman Brothers files Bankruptcy

2008-09-15T11:03:00.000+05:30

Amerca's fourth largest investment bank went bankrupt today. Lehman brothers is one of the biggest underwriters of mortgage backed secrutites prepares for filing bankruptcy in bankruptcy court of United States.

Texmaco Ltd.: A pioneer in railways wagons

2008-08-22T20:42:00.002+05:30

Texmaco Ltd. is a K. K. Birla Group company engaged in making Railway Freight Cars, Hydro Mechanical Equipments & Steel Structures, Process Equipment, Agro Machinery and Steel Foundry. The company has signed a Memorandum of Agreement with United Group Rail Services Ltd. of Australia to tap the opportunities of Indian Railways Development Programme for projects including the Dedicated Freight Corridor, design and manufacture and supply of wagons, locomotives bogies and components and encompass passenger rolling stock.

The company has posted exemplary results for FY 08 with total income of Rs 705 crores. This does not include the value of free materials of Rs 205 crores provided to the company by the Indian Railways and other clients for major contracts. PBT for FY 08 was placed at Rs 100 crores while PAT was at Rs 69.50 crores resulting in an EPS of Rs 62.25. A dividend of 75% was paid by the company for the year. Paid-up equity of the company is Rs 11.08 crores with face value of Rs 10. Promoters stake in the company is at 56% while 22% is held by Mutual Funds Insurance Companies and FIIs and 22% by the public. The board of the company has recently proposed to split face value of share from Rs 10 to Re 1.

The company has received an order of Rs 296 crore from NHPC for Hydro Mechanical Equipment as also an order of Rs 187 crores from Indian Railways for Container Freight Wagons. Indian Railways Wagon Tenders for 15,348 wagons for 2008 – 09 have been opened and orders are expected to be released shortly, of which, the company is likely to bag atleast 50% of the orders. For quarter ending 30th June 08, the topline of the company was at Rs 198 crores against Rs 143 crores in the similar quarter of the previous year. PBT for the quarter was at Rs 32.28 crores (Rs 16.53 crores) while PAT rose to Rs 22.82 crores from Rs 11.37 crores. The quarter had witnessed robust increase in the margins which is almost 100% higher, inspite of rise in topline by just 38%.

The company, always have excellent results for March quarter due to higher dispatch of Wagons to Railways. For FY 09, the company should be able to achieve a topline of Rs 1,000 crores with PBT of Rs 160 crores and PAT of Rs 110 crores, which should result in an EPS of Rs 100 for the year. The company has decided to transfer its Heavy Engineering Division to a newly formed subsidiary, in order to raise resources. This division gives almost 80% to the company’s topline, while 75% to the bottomline. This would definitely enable the company to expand in other area, as also to induct a technology partner in this subsidiary to capitalize on booming Railway Sector. The company is presently a debt free, as its debt of about Rs 40 crores, is mainly to finance its working capital.

The company is a leader in supply of Railway Wagons and recently launched scheme by Indian Railways of Own Your Wagons Scheme is giving good Demand and lucrative orders to the company. Over the next 3 – 5 years, due to huge demand of Railway Wagons, the company should be able to have 25% growth annually, in its topline and over 40% growth in bottomline, for the next 3 years. Share would go with face value of Re 1 in the next couple of months, and hence on split basis would be preferred more by the investors, thus leaving good scope for the share price to rise.

Share now ruling at Rs 1279.15, had its 52 week high/low of Rs 1,965 and Rs 950 and has all the potential to rise to Rs 200, post split to Re 1, in the next 8 – 10 months. A safe bet at Rs 1279.15 levels for Rs 10 face value for a return of almost 50% in less than one year.

source : poweryourtrade.com

Beijeng Olympics 2008

2008-08-08T20:00:00.000+05:30

With the time 08:08:08pm and 08/08/2008 the most memorable day of this century had begun with the opening ceremony of beijing olympics 2008.

The event, the planning was worth to see. Million's of television audince get sticked to their television sets till the ceremony ends.

China has shown its power to the world with wonderful opening ceremony, and it has proved that china is no longer a developing country. The olympics has turned into cold war between China and USA, the two super powers of the world. However their battle will not be with weapons but by the sport in the ground.

Sensex to move beyond 15000 levels says experts.

2008-08-04T21:52:00.000+05:30

Experts believe that sensex could easily move beyond 15000 levels as there seems no negativity in the market in near term. Also the falling crude is good factor to support those predictions. It is also said that market movements will be range bounded until any major positive/negative news hits the market.

With high interest rates sectors which are goin to be hitted worst are autos and reality, so it is advised to keep away from those sectors from time being.

9 Bombs found in Surat Today

2008-07-29T13:29:00.003+05:30

Wtihin minutes after making my post, the number of bomb founds has been turned to 9 instead of 3. It is very much confirmed that surat is the next target of dirty people. As our Surat city is one of the fastest growing cities of asia.

Woke up from sleep Government! Its time to take actions.

Edit ths figure turned 17+ just now

Surat is on Terrorist's Hit List

2008-07-29T12:41:00.000+05:30

Surat seems to be on terrorist hit list. After heavy explosives found on sunday 27-07-08, y'day one more bomb was found in varachha area of surat. This is area of diamond workers and it seems that the intentions of terrorist wereto hit hard this growing industry.

Today another 3 bombs were found in the period of just 2 hours. Politicians are talking about making severe laws against terrorists. I just want to answer them that terrorists do not make their plans by seeing law book. They just understands the language of guns. So i urge my people and government to take strict actions against them and increase the security measures so that people can live patiently.

3 Live Bombs found in Surat

2008-07-27T16:10:00.000+05:30

After 16 serial blasts in ahmedabad yesterday. Today surat police had identified 3 Live bombs in surat and had defused them. Seems like surat is the next major target of terrorists as it is fastly growing as economic hub for the country and state.

Also police had identified one car which was having explosives as much as needed to make 20 bombs. People are requested to sit back to their home unles the situation gets in control. Major theatres and shopping malls are shut down by the police and urged people to stay calm.

Just Launched My Dream Project

2008-07-13T16:39:00.001+05:30

Finaly today i launched my dream project, my first ever website.

Friend i had start my first web directory Webmasters Heaven - Directory of Webmaster Resources. My aim behind making this directory is to collect useful site and tools which is useful to every webmaster.

Mark Faber predicts Sensex below 10k levels

2008-07-04T09:57:00.006+05:30

Just saw y'day the interview of Marc Faber on cnbc awaaz. He predicted Sensex below 10000 levels. I wonder how he is making this silly predictions. One thing is for sure that market sentiment is very bad at the moment and with such foolish predictions he wants indian investors to get out of market by selling their stocks in cheap.

I only see this prediction as a strategy to create more panic in the market and intent to pick cheap stocks in the indian market. Few months ago when global stock markets were booming and we were at 21k levels. That time he predicted that sensex will reach at 12k levels. Everyone agrees that what mark faber told came true, But had anyone seen reasons which he gave for prediction of sensex at 12k levels and which are the reasons at the moment for sensex at 12k?

Once again i m requesting every indian investor to keep patience and dont get driven by such panic creators or any panicking news. Indian economy is booming and will continue to do so.

Currently we are growing at 8% to 8.5% and it is predicted that our growth will slow down due to high inflation and high crude prices. As per newer predictions we will grow with 6% to 7% growth rate, thats not still bad compared to growth rate of U.S.A and other developed economies.

Source : Atlantic Law

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2008-07-07T12:38:18-07:00

Mark Faber predicts Sensex below 10k levels [del.icio.us]

2008-07-03T21:47:24-07:00

Investment guru Marc Faber predicts sensex below 10000 levels

Nifty closed below 42k mark, where from here now?

2008-06-24T17:45:00.002+05:30

Nifty today broke crucial levels of 42k mark and had faced wild volatile swings intraday. Due to high crude prices and higher inflation rates in india and investor sentiment is worsen.

Meanwhile markets today fell contineusly for the 5th day in a row and in last five days market had lost nearly 1500 points. Markets were trading in positive territory till afternoon but in afternoon europe started showing negative cues and that added fuel to the sentiment and ended in 187 points down to the sensex.

Every small and large investors are worried as market is making new lows everyday and bottom is yet to be discovered. Investor sentiment is in such a weak position that rumours like "sensex will reach 10k soon" started flowing into the markets as advised by sebi and other governing bodies investors shouldnt get panicked by such rumours.

Currently markets are threatened by higher oil prices and it seems market will get stability only when crude cools down a bit. But even after the king of saudi arabia announced production hike there seems no relaxation in crude market.

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2008-04-20T11:25:38-07:00

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2008-04-06T06:51:09-07:00

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2008-04-03T00:49:00-07:00

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2008-03-05T21:09:05-08:00

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2008-02-20T11:42:20-08:00

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2008-02-20T11:40:43-08:00