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Dear ck.kislay,
You are subscribed to the thread "Indian Stock Advice Trading Strategies Trends Market Predictions & Regulations" by pcpune, there have been 10 post(s) to this thread, the last poster was Manoj2012.
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Dkumar12
On: November 20 2017 06:44 AM
[USER="211209"]ukdoctor[/USER] I am not sure how your other friends are doing. But I am regularly filing ITR every year. I have most of my savings in banks FD on which I pay tax and then reclaim it back after filing ITR. IT notices mostly come when they suspect any inconsistency. Your friends might not be filing ITRs and suddenly made big property purchase. So its imperative for IT deptt. to ask for source of funds which a person can easily show with his/her resident status and ITRs filed abroad. I know many indians who dont file ITR at all in India after they came out of India. I dont know if it is good or bad, but as everything is online, I dont see any problem in maintaining my tax records in India.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Dkumar12
On: November 20 2017 07:10 AM
[USER="104911"]Manoj2012[/USER] When I see any old movie, in that also, this unemployment issue is shown. Everyone needs to get a good education, specially in Indian society where a person is judged by his/her qualification. Whether one gets good job or not, that is a secondary thing. After graduating from any field, the young chap is smart enough to know how to survive in tough environment. I have stayed for short duration in Katwaria Sarai, near JNU long time back, where young people from all around India come and prepare for different exams, courses etc. Everyone has enthusiasm to do something. They study day n night. Take help from each other. May be, not every one will get onsite or high paying job but still person will be able to do something for his/her livelihood. So I dont understand spreading such havocs and creating panic.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: vaibav123
On: November 20 2017 07:54 AM
[url]http://indianexpress.com/article/business/companies/all-corporate-ethics-compromised-in-kingfisher-airlines-deccan-aviation-deal-serious-fraud-investigation-office-4945586/[/url] A probe by the Serious Fraud Investigation Office (SFIO) has found that �all corporate ethics were compromised� in the merger between Vijay Mallya-controlled Kingfisher Airlines Ltd (KFAL) and Deccan Aviation Ltd (DAL). According to the SFIO report, Kingfisher Airlines created new divisions with backdated book entries to avoid taxes, paid a Rs 30 crore non-compete fee to DAL founder Captain G R Gopinath without disclosing it to stakeholders or the high court, and carried out �circular transactions� worth Rs 70 crore between UB group firms and entities controlled by Gopinath. The SFIO has found that Kingfisher created three business segments � commercial airlines, ground handling and training � on paper after announcing its merger with DAL to avoid paying capital gains tax. Tax norms stipulate that distinct divisions should exist in a �demerged� and resulting entity prior to the demerger in order to be exempt from capital gains tax. In this case, Kingfisher�s airlines operation was to be demerged into DAL, which was subsequently renamed as Kingfisher Airlines Ltd. Captain Gopinath has, however, said that he was a minority shareholder in DAL and the merger had gone through with the requisite regulatory approvals. The SFIO has said that �documents were backdated and fabricated to show that there existed three business divisions/ segments.� The fraud office has recommended that the investigation details of the merger be shared with the Income Tax department for possible violation of the Income Tax Act and to recover tax payable, if any. The SFIO has also said that Kingfisher paid a Rs 30 crore non-compete fee to Gopinath without disclosing it to shareholders or the high court when the scheme of arrangement for the merger was filed. It has said this fee was given to Gopinath to get him to agree to the deal. According to the SFIO, Gopinath used this money to purchase one crore shares in Kingfisher Airlines Ltd through a company he owned. Subsequent to the merger, Gopinath�s one crore shares (like all other shareholders) were converted to around 42 lakh shares of the merged entity. At the time of the merger, these shares were valued at around Rs 87 crore. SFIO terms this as �windfall gains� accruing to Gopinath. �All corporate ethics were compromised in this transaction as payment of non-compete fee to GRG (Gopinath) and allotment of shares in erstwhile KFAL (Kingfisher Airlines) were never disclosed to the stakeholders at the time of seeking consent for merger of DAL with erstwhile KFAL. GRG and VJM (Vijay Mallya) conspired for their individual gains and in the process material facts were concealed. This transaction being an integral part of the demerger process should have also been made part of the scheme of arrangement filed before the High Court of Karnataka,� said the SFIO report. The SFIO has recommended to the Ministry of Corporate Affairs that several people directly involved in the transaction be charged for offences such as criminal conspiracy, cheating and forgery under the Indian Penal Code. In an emailed response, Gopinath said he was a minority shareholder at DAL and the merger went through with requisite regulatory approvals. �When Mr Vijay Mallya invested in Air Deccan, I was already a minority shareholder with less than 15 per cent shareholding. Air Deccan was a listed company with reputed domestic as well as foreign institutional investors like ICICI and Capital International who were represented on Air Deccan board along with other independent directors. After Mallya�s investment, I was further diluted and Air Deccan came under his management control as he became the largest shareholder,� said Gopinath. He said that when the merger was proposed at the board meeting between Kingfisher Airlines and Air Deccan, he was the only one who opposed it, in the board and in public too. �As the other investors and board members saw more value in pitching their fortunes with Mallya�s glamorous full service model than with my low- cost no-frills model, I was in a minority and the merger proposal sailed through,� said Gopinath. While many investors including ICICI sold their shares, to Mallya, his affiliates and also in public, for very good returns and exited Air Deccan and the board, he said he was in a �hopeless minority.� �I received Rs 30 crore through a cheque, from Kingfisher Airlines Ltd, which was then a private company, before merger with Air Deccan that was a listed company, as a non-compete fee binding me not to start an airline for five years as Mallya feared I would start an airline. In hindsight, unwisely, I used that amount to buy Kingfisher shares so that after merger my dilution would not go down below 10 per cent. (I wish I had sold the shares and made a fortune as surmised in your question. I was a promoter and the law barred me from selling my shares for three years. When I could sell them and did sell them, it was too late as Kingfisher shares had collapsed because of huge losses in the airline),� Gopinath said in his email response. A spokesperson for Mallya declined to comment. The SFIO has also alleged that Mallya, the UB Group and entities controlled by Gopinath indulged in �circular transactions� by rotating Rs 5 crore 14 times to generate funds in the books of Deccan Charters Ltd and associated entities. Deccan Charters Ltd was created by renaming Kingfisher Aviation Training Ltd to buy the chartered services business of DAL after it acquired the airlines business of Kingfisher. According to SFIO, these circular transactions were done to complete the payment due from Deccan Charters Limited to the merged Kingfisher Airlines. �As I had no control over running either Deccan Aviation or Kingfisher Airlines Limited, I�ve no knowledge of how various payments were made and if Mallya had resorted to round-tripping. Whether there were violations of regulations and disregard of compliance norms or if there were misdemeanors, and collusion with bankers or ministers and bureaucrats or others, only the courts can decide. The merger proposal was handled by a battery of legal experts, international auditing firms by Kingfisher Airlines which acquired Deccan Aviation, which he controlled through what�s called a reverse merger,� said Gopinath. �Apart from any allegations and charges of wrongdoing against Mallya, which are under investigation and prosecution by various agencies, the merger and demerger and amalgamation scheme was in total compliance and was approved by the Honourable High Court of Karnataka after a due process, and only after all shareholders and an eminent star-studded board of directors, which comprised a former finance secretary and a former SEBI Chairman among others, and especially after all the banks and vendors and lessors of aircraft voted in favour of a court monitored ballot approving of the same,� said Gopinath. �Besides, the high court had put out a public notice giving sufficient time under the statute, calling for any objections from the public and all shareholders. Anyone could have come forward and objected or called for additional documents. No one did, except some central government agencies. The SEBI also gave its consent. The high court judgment was passed after taking all the above into consideration,� he said. My view Morality of many promoters is suspect.One of the important criteria while buying shares is -Check out who the leaders are in the company??
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Findestate
On: November 20 2017 09:10 AM
I�m waiting for my tax refund and when I called them to check they said this year it�s raking long time and cannot give any dates by when this will be remitted
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: vaibav123
On: November 20 2017 02:35 PM
[url]https://www.unovest.co/2017/11/hdfc-housing-opportunities-fund-nfo/[/url] HDFC MF launched its brand new HDFC Housing Opportunities Fund last week. The opportunities fund only represents the opportunity for the fund house, not for you. Here are the reasons you should stay away from this NFO. Now, it wasn�t long ago that [URL="https://www.unovest.co/2017/10/mutual-fund-schemes-sebi-circular/"]SEBI issued guidelines about rationalising the number and types of schemes[/URL] that mutual fund houses have loaded themselves with confusing the retail investor to no end. Some loopholes ([I]such as closed ended funds excluded from the purview[/I]) still existed but I thought that things would change for the better. I was so wrong! The first attempts to kill the spirit of these guidelines are already happening. The loophole that is being exploited is the closed ended funds to which the guidelines don�t apply. Can you beat that? [B]Which fund houses are doing it?[/B] Not difficult to guess. Rattle out all the popular names � HDFC, Aditya Birla and ICICI. They are experts at this manipulation and they prove it once again. Anyways, here I am talking about the fund from [B]HDFC Housing Opportunities Fund � Series 1[/B]. So, I wasn�t too sure about covering the new HDFC Housing Opportunities Fund until I received a message from an investor asking how can he subscribe. [h=2]What on earth inspires the need for a new thematic fund?[/h] If you are to believe what HDFC MF says, it is the wave of �Housing for all� and the push by the government that will propel this theme. By the way, they don�t plan to invest in only �housing� companies but all the allied sectors and companies � retail, banking, cement, electricity, etc. etc. The sector break up could look something like this. [URL="https://www.unovest.co/wp-content/uploads/2017/11/HDFC-Infrastructure-Fund-top-10-sectors.png"][IMG]https://www.unovest.co/wp-content/uploads/2017/11/HDFC-Infrastructure-Fund-top-10-sectors.png[/IMG][/URL] Guess what? This is the actual break up of top 10 sectors of none other than the [URL="https://smart.unovest.co/pages/scheme-details.aspx?schemecode=Y40ID0HRZQo="]HDFC Infrastructure Fund[/URL] � another thematic fund from HDFC MF but focused on the infra theme. Just to rejig your memory � this infra fund was launched in Feb 2008. The difference with the new HDFC Housing Opportunities Fund is that it is a closed ended fund. That is where the loophole was exploited. If you subscribe now, you can forget your money for 1140 days, that is a little more than 3 years. The choice of the index of the fund is pretty lame. It is [B]India Housing and Allied Businesses Index[/B] created and maintained by IISL, known for the Nifty series of indices. You can read about it on [URL="http://www.hdfcfund.com/products/housing-opportunity-fund/about-india-housing-and-allied-business-index"]this link[/URL] on HDFC MF�s site. The Nifty 500 was a better choice for a diversified portfolio like this. [h=2]So, why HDFC Housing Opportunities Fund or series of funds?[/h] Let�s invert and seek an answer from a different point of view � HDFC MF�s. I guess the thinking in HDFC MF went something like this.[LIST][*]The theme is a killer idea. Everyone wants to buy a house and if we tell an investor that the fund intends to make money from that idea itself, few will say no.[*]The lure of the [I]low[/I] Rs. 10 NAV of an NFO is difficult to beat specially to new investors in smaller towns.[*]The market is approaching tight valuations, there is enough new interest in the market and it is the right time to lock in fresh investment money from retail investors.[*]([I]And the big one.[/I]) We have to merge several similar schemes, might as well launch a new fund that does not get covered by the SEBI guidelines and move the money from other funds there. Voila! Kill two birds with one stone![/LIST]You see HDFC MF is looking at it purely from business reasons and retail investors are falling for it for all the wrong ones. [B]The opportunities fund only represents the opportunity for the fund house, not for you.[/B] You have great funds available that you can give your money to that too with an existing track record. A good business will be invested irrespective by any investor / fund. We don�t need a new fund to do that for us My view The post is interesting and readers can judge.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: ukdoctor
On: November 20 2017 03:51 PM
Official circular from government that NRI.does not need aadhar . If any official questions re.Aadahar please show this [url="https://ufile.io/8hjxb"]https://ufile.io/8hjxb[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: revhappy
On: November 20 2017 07:32 PM
[QUOTE=ukdoctor;n2566762]Official circular from government that NRI.does not need aadhar . If any official questions re.Aadahar please show this [url="https://ufile.io/8hjxb"]https://ufile.io/8hjxb[/url] [/QUOTE]It is a bit tricky. In fact the circular itself says in italics that NRIs [i]"may not" [/i]be eligible for Aadhaar. Which also means they could be. In fact, they can be. The aadhaar requirement is 180 days prior to the date of application the person should be in India. But the definition of NRI for tax purposes is 180 days in a financial year. So lets say I go to India on Oct 1st of year X and stay in India until Mar 31st of year X+1 and apply for aadhaar and go back abroad. In this case, I am an NRI for year X as well as year X+1 and I am also eligible for aadhaar. We also have a situation where a person could be resident and then goes on an becomes an NRI. There is no provision to give up aadhaar after becoming NRI. So considering all this I dont see how the tax man can claim that just because a person has aadhaar, he becomes resident. I also linked my aadhaar to my pan, ignorant I was, that NRIs are not included. This was not very clear then when the deadline was announced.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Manoj2012
On: November 20 2017 09:58 PM
[h=1][U][URL="http://www.moneycontrol.com/news/business/markets-business/after-4x-oversubscription-government-hikes-bharat-22-etf-size-to-rs-14500-crore-2442879.html"]After 4x subscription, govt hikes Bharat-22 ETF offer size to Rs 14,500 crore[/URL][/U][/h]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Manoj2012
On: November 20 2017 10:03 PM
[h=1]Motilal Oswal initiates Buy on HDFC Life; cites quality franchise, attractive valuations[/h] [h=2]Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.[/h] Motilal Oswal has initiated coverage with buy rating on [URL="http://www.moneycontrol.com/india/stockpricequote/miscellaneous/hdfcstandardlifeinsurancecompanylimited/HSL01"]HDFC Standard Life Insurance[/URL], citing quality franchise and attractive valuations. The stock price closed up 3 percent at Rs 354.90, in addition to 19 percent rally on Friday, the Day 1. "HDFC Life�s strong new business margins, healthy return ratios and stronger growth potential will enable it to trade at a premium to other insurers," it said while valuing the stock at 3.5x Mar-20 embedded value (EV) at Rs 370 per share (new business multiple of 28x), which implies an upside of 28 percent from the issue price of Rs 290 per share. The research house expects the company to further improve its new business margin to 23 percent by FY20, while operating RoEV/RoEV should sustain at 21/19 percent respectively over FY17-20. HDFC Standard Life is one of India�s top three private sector life insurers and offers a wide range of insurance products. It has strengthened its position in a highly competitive industry and has a well-diversified business mix. It has strong return ratios (FY17 RoEV-return on embedded value at 21 percent) and the highest new business margin (22 percent for FY17) among the major private insurers, backed by its balanced product mix (47 percent ULIPs, 26 percent PAR, 27 percent non-participating business in FY17), strong distribution network and lower operating cost, the brokerage house said. It further said HDFC Standard Life has made significant investments in building its digital platform, which has enabled it to improve customer satisfaction and attract new business. Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales. HDFC Standard Life continues to benefit from the strong distribution network of its bancassurance partners and has increased its bancassurance partner count to 125. "This will help widen its reach and support premium growth. It maintains strong control on cost ratios, aided by rising proportion of direct/online sales and multiple technology initiatives," the research house said.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Manoj2012
On: November 20 2017 10:06 PM
[h=1]Tencent becomes first Asian company to be valued over $500 billion[/h] [h=2]The Hong Kong-listed internet giant, known for its WeChat messaging app and online games, saw shares rally to 420 Hong Kong dollars (USD 53.76) on Monday.[/h]
With warm regards,
Team IREF
With warm regards,
Team IREF
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