India's GDP grew by 7.9% in the first quarter of the fiscal year 2008-09. This is still a decent growth rate considering CRR hikes, high inflation rate and other economic deccelerators that affected the economy in the quarter.
Here are the key economic indicator figures:
Agriculture: 3%
Manufacturing: 5.6%
Construction: 11.4%
Electricity, Gas and Water: 2.6%
More news here.
Friday, August 29, 2008
Tuesday, August 19, 2008
India Poverty Data
India Poverty Data published by World Bank; updated 23 Apr 2007.
According to the report, 29 percent of the population of India are below the national poverty line.
via End Poverty in South Asia
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According to the report, 29 percent of the population of India are below the national poverty line.
via End Poverty in South Asia
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- Is India growing; really?
Thursday, July 31, 2008
Application Supported by Blocked Amount for IPOs
The Securities and Exchange Board of India (SEBI) has introduced Application Supported by Blocked Amount (ASBA); a supplementary process for applying IPOs. Previously, when investors apply for an IPO, they have to pay the entire money upfront to the registrar/banker and hence stand to lose returns on the money that is locked until the IPO is allocated. The new move will protect the money of investors and will also make the IPO issue process more efficient and less time consuming.
In the new process, banks will block the money in investors’ account when they bid for an IPO and the money is released on the basis of number of shares being allotted. The remaining money will be unlocked by the banks. As a result, the IPO process is expected to be completed within 15 days of the closing date of the issue.
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In the new process, banks will block the money in investors’ account when they bid for an IPO and the money is released on the basis of number of shares being allotted. The remaining money will be unlocked by the banks. As a result, the IPO process is expected to be completed within 15 days of the closing date of the issue.
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- Money no longer gets locked in IPOs
Monday, July 28, 2008
What are the 30 Stocks of BSE SENSEX
The SENSEX gives an indicative figure of the trading happened in BSE, which is the chief stock market of India. A group of 30 stocks that represent various industries of the economy are used for the calculation of SENSEX.
The base year for SENSEX calculation is 1978-79 and the base value is 100. It is calculated using Free-float Market Capitalization methodology. The SENSEX value is calculated every 15 seconds when the trade is going on.
Here is the list of the 30 stocks that constitutes the BSE SENSEX.
The BSE Index Committee meets every quarter to revise SENSEX constituents. In case a stock is to be replaced by another one, the announcement is made six weeks in advance of the actual change.
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- Online share trading websites of India
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The base year for SENSEX calculation is 1978-79 and the base value is 100. It is calculated using Free-float Market Capitalization methodology. The SENSEX value is calculated every 15 seconds when the trade is going on.
Here is the list of the 30 stocks that constitutes the BSE SENSEX.
| Code | Name | Sector | Adj. Factor |
| 500410 | ACC Ltd. | Housing Related | 0.60 |
| 500103 | Bharat Heavy Electricals Ltd. | Capital Goods | 0.35 |
| 532454 | Bharti Airtel Ltd. | Telecom | 0.35 |
| 532868 | DLF Ltd. | Housing Related | 0.15 |
| 500300 | Grasim Industries Ltd. | Diversified | 0.75 |
| 500010 | HDFC | Finance | 0.85 |
| 500180 | HDFC Bank Ltd. | Finance | 0.85 |
| 500440 | Hindalco Industries Ltd. | Metal,Metal Products & Mining | 0.70 |
| 500696 | Hindustan Unilever Ltd. | FMCG | 0.50 |
| 532174 | ICICI Bank Ltd. | Finance | 1.00 |
| 500209 | Infosys Technologies Ltd. | Information Technology | 0.85 |
| 500875 | ITC Ltd. | FMCG | 0.70 |
| 532532 | Jaiprakash Associates Ltd. | Housing Related | 0.60 |
| 500510 | Larsen & Toubro Limited | Capital Goods | 0.90 |
| 500520 | Mahindra & Mahindra Ltd. | Transport Equipments | 0.80 |
| 532500 | Maruti Suzuki India Ltd. | Transport Equipments | 0.50 |
| 532555 | NTPC Ltd. | Power | 0.15 |
| 500312 | ONGC Ltd. | Oil & Gas | 0.20 |
| 500359 | Ranbaxy Laboratories Ltd. | Healthcare | 0.70 |
| 532712 | Reliance Communications Limited | Telecom | 0.35 |
| 500325 | Reliance Industries Ltd. | Oil & Gas | 0.50 |
| 500390 | Reliance Infrastructure Ltd. | Power | 0.65 |
| 500376 | Satyam Computer Services Ltd. | Information Technology | 0.95 |
| 500112 | State Bank of India | Finance | 0.45 |
| 500900 | Sterlite Industries (India) Ltd. | Metal,Metal Products & Mining | 0.40 |
| 532540 | Tata Consultancy Services Limited | Information Technology | 0.25 |
| 500570 | Tata Motors Ltd. | Transport Equipments | 0.60 |
| 500400 | Tata Power Company Ltd. | Power | 0.70 |
| 500470 | Tata Steel Ltd. | Metal,Metal Products & Mining | 0.70 |
| 507685 | Wipro Ltd. | Information Technology | 0.20 |
The BSE Index Committee meets every quarter to revise SENSEX constituents. In case a stock is to be replaced by another one, the announcement is made six weeks in advance of the actual change.
Related Articles
- Online share trading websites of India
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Thursday, July 24, 2008
On filing Tax Returns
Livemint has this great article written by Sunil Dhawan on filing tax returns. It’s worth a read.
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