Finergo Episode 10
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04 KALEIDOSCOPE
At a glance HDFC reduces home loan rate HDFC, one of the biggest players in the home loans market, has cut housing loan rates. The new rates are as below: 9.75 % for all loans up to Rs. 30 lakh rupees and 10.75% for all loans above Rs. 30 lakh rupees. This is a steep drop from the earlier rates of 10.25% and 11.25 % respectively.
30 per cent dividend Franklin India Blue chip fund has announced a dividend of 30% on its open ended diversified equity fund. This would mean that for every unit of face value Rs. 10 you hold, you would get Rs. 3 added to your account. The fund has shown better performance as compared to the SENSEX. The record date for the dividend is Jan 21, 2009. Meaning, you would get the additional Rs. 3 only on the number of units you hold as of Jan 21.
New IPOs Unfazed by the ongoing turmoil in the financial markets four companies have filed their Red Herring Prospectus with SEBI. They are Pradip Overseas, Sea TV Network, Great Eastern Energy Corporation and Texmo Pipes and Products.
Mini Quiz 1. When the RBI cuts the CRR rate, what is it talking about? a. Compulsory Return Rate b. Currency Reduction Ration c. Cash Reserve Ratio d. Credit Rate of Reserve bank 2. IBN is the symbol for the ADR of which company? a. CNN IBN b. IBM India c. ICICI Bank d. Indian Bank Winners get a free monthly budgeting book. Send your answers to [email protected] or SMS 92813 98889. For example, if you choose A as the answer to question 1 and B as the answer to question 2, type it as 1A2B and send it.
Answers for last week’s quiz: 1. FMP stands for Fixed Maturity Plans 2. EPS stands for earnings per share
Ask a query I have around 1000 shares of Satyam, which I brought for around Rs. 226. I do not know what to do as it is not even worth Rs. 24, 000. Syed Jainulavudeen, Velachery
Any stock market investment has to be long-term and has to be based on fundamentals. You need to do your research in the business papers/magazines and try to understand various factors like the new management, government response, the company’s customer profile, etc. Once you are clear of these issues and if you feel confident of a better future you can decide your course. From a logical point, if the 24,000 is not of urgency now as you have lost close to Rs. 2 lakh already, just let it stay till you recover more. (Queries related to personal finance can be sent to [email protected])
ERGO Monday, January 19, 2009
Dictating rules, policies, standards… PRADEEP YUVARAJ
T
he Satyam imbroglio has been hogging the limelight for the last fortnight on every newspaper, television channel and website worth its salt. We are not going to discuss or analyse the aftermath of the episode for the company and its employees, but rather look at ‘Corporate Governance’ and what it means to us individuals and its effect on your money. Corporate governance literally means how a corporate is governed. That is: the set of rules, processes, policies, ethics, standards, reports and internal laws by which the day-to-day running of any company are dictated. It is also the link for the stake holders of a company. They include individuals/organisations that are affected directly or indirectly by the activities of the company, such as shareholders, directors, employees, customers, suppliers, lenders, government and the general public.
Understanding corporate governance and your money
Effect on our investments As investors, most of our investments are directly or indirectly channelled into the stock markets, which is nothing but investing in to various organisations. Depending on the visible and self-reported activities of these organisations the stake holders take multiple decisions. For example, a fund manager might increase his investment exposure, a supplier might extend higher credit, a lender may lend higher amount and potential employees would be willing to join and so on. If an organisation is transparent and follows ethical corporate governance at all times, the stake holders can benefit from its growth. But they could also hurt themselves if the company or its employees behave contrary to their own set standards. And each one of us is responsible for maintaining corporate governance standards of the organisation we are associated with. ■
Corporate governance is all about following the rules, policies, customs and laws
At a glance HDFC reduces home loan rate HDFC, one of the biggest players in the home loans market, has cut housing loan rates. The new rates are as below: 9.75 % for all loans up to Rs. 30 lakh rupees and 10.75% for all loans above Rs. 30 lakh rupees. This is a steep drop from the earlier rates of 10.25% and 11.25 % respectively.
30 per cent dividend Franklin India Blue chip fund has announced a dividend of 30% on its open ended diversified equity fund. This would mean that for every unit of face value Rs. 10 you hold, you would get Rs. 3 added to your account. The fund has shown better performance as compared to the SENSEX. The record date for the dividend is Jan 21, 2009. Meaning, you would get the additional Rs. 3 only on the number of units you hold as of Jan 21.
New IPOs Unfazed by the ongoing turmoil in the financial markets four companies have filed their Red Herring Prospectus with SEBI. They are Pradip Overseas, Sea TV Network, Great Eastern Energy Corporation and Texmo Pipes and Products.
Mini Quiz 1. When the RBI cuts the CRR rate, what is it talking about? a. Compulsory Return Rate b. Currency Reduction Ration c. Cash Reserve Ratio d. Credit Rate of Reserve bank 2. IBN is the symbol for the ADR of which company? a. CNN IBN b. IBM India c. ICICI Bank d. Indian Bank Winners get a free monthly budgeting book. Send your answers to [email protected] or SMS 92813 98889. For example, if you choose A as the answer to question 1 and B as the answer to question 2, type it as 1A2B and send it.
Answers for last week’s quiz: 1. FMP stands for Fixed Maturity Plans 2. EPS stands for earnings per share
Ask a query I have around 1000 shares of Satyam, which I brought for around Rs. 226. I do not know what to do as it is not even worth Rs. 24, 000. Syed Jainulavudeen, Velachery
Any stock market investment has to be long-term and has to be based on fundamentals. You need to do your research in the business papers/magazines and try to understand various factors like the new management, government response, the company’s customer profile, etc. Once you are clear of these issues and if you feel confident of a better future you can decide your course. From a logical point, if the 24,000 is not of urgency now as you have lost close to Rs. 2 lakh already, just let it stay till you recover more. (Queries related to personal finance can be sent to [email protected])
ERGO Monday, January 19, 2009
Dictating rules, policies, standards… PRADEEP YUVARAJ
T
he Satyam imbroglio has been hogging the limelight for the last fortnight on every newspaper, television channel and website worth its salt. We are not going to discuss or analyse the aftermath of the episode for the company and its employees, but rather look at ‘Corporate Governance’ and what it means to us individuals and its effect on your money. Corporate governance literally means how a corporate is governed. That is: the set of rules, processes, policies, ethics, standards, reports and internal laws by which the day-to-day running of any company are dictated. It is also the link for the stake holders of a company. They include individuals/organisations that are affected directly or indirectly by the activities of the company, such as shareholders, directors, employees, customers, suppliers, lenders, government and the general public.
Understanding corporate governance and your money
Effect on our investments As investors, most of our investments are directly or indirectly channelled into the stock markets, which is nothing but investing in to various organisations. Depending on the visible and self-reported activities of these organisations the stake holders take multiple decisions. For example, a fund manager might increase his investment exposure, a supplier might extend higher credit, a lender may lend higher amount and potential employees would be willing to join and so on. If an organisation is transparent and follows ethical corporate governance at all times, the stake holders can benefit from its growth. But they could also hurt themselves if the company or its employees behave contrary to their own set standards. And each one of us is responsible for maintaining corporate governance standards of the organisation we are associated with. ■
Corporate governance is all about following the rules, policies, customs and laws
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