Honda Market

Honda Motor has suspended production models Brio and Jazz because of disruption in component supply from Thailand.
Honda managed to sell only 666 units of the Brio and 382 units of Jazz in Nov owing to the production snag. Analyst said despite Honda's attempts at reviving sales, it might take a long time for th car maker to win back customers.

Dec.14: Honda intoduced a new version of its flagship sedan, the City, priced between Rs. 6.99lakh and Rs.10.22lakh. While the bookings will start immediately, delivery will begin only in Jan

Present share of Global IT Market

Global IT major DELL, which posted a 12% rise in net income at $983 million for 3rd quarter against $875 million a year ago, has said its full year revenue can be impacted by the uncertain macroeconomic environment and an industry wide shortage of hard drives.
There may be a slowdown in personal computer manufacturing thru 2012 after the flood in Thailand severely disrupted the production of hard drives. Dell lost market share to Asian rival Lenovo which moved up to the No.2 slot.
HP was the largest vendor with 17.7% market share followed by Lenovo at 13.5%. Dell had an 11.6% share of global PC shipments during the quarter.
Revenues from the Asia Pacific & Japan grew 10% led by a 23% growth in China and 13% rise in Australia/New Zealand. Revenue generated by BRIC countries increased 14%

Personal finance

Sure shot plan
NSC (National Savings Certificate) & PPF (Public Provident Fund) are the popular small savings schemes. Because they provide tax deductions. If the tax benefit from NSC goes it will be dead instrument. PPF investors stand to be the biggest beneficiary of the changes in the small savings schemes. It has been proposed that the max. investment limit in PPF will be increased to 1lakh, that is the exemption limit available under section 80C of the income tax act.
The interest rate on PPF is also likely to go up from 8% at present. This is because long-term money is always costlier tha short term funds. Any tightening of interest rates by the Reserve Bank affects the short end of the G-sec yield curve the most- the long term yield curve remained almost flat since march 2010 when the apex bank began the tightening of the interest rates.
It also means that the rate volatility in PPF will be much less than in small savings instruments.
PPF cn give many tax saving equity options a run for their money in the new tax regime

Happy Diwali

itz late but we still have the habbit to celebrate still have energy and stock :)
Here dhanteras is a occasion where people buy gold or some items as a good wish. tz a sort of investment. Now inflation is so high and market so volatile that middle class people face hard time to decide the way of investment. With all the thinking I find the best way of investment is to invest in Gold. Its an asset for future but then theres a also question of its quality so my dad gave a gud advice. I agree to dad and went straight to HDFC bank to buy gold. Bank provide certificate which gurantees its quality and moreover its not only an asset but also in future I can avail loan any time and too in less hassles.......
:)

Sebi's first step towards regulation

The Securities capitals and Exchange Board of India took the first step towards regulating alternative investment funds- the private pools of capital in which institutions or high networth individuals invest.
It proposed the minimum amount in a portfolio management scheme be raised to Rs 25lakh from Rs 5lakh at present and that all kinds of private pools should be registered with the market regulator.
“All portfolio managers who seek to pool assets such as for investing in unlisted securities should be required to register as an alternative investment fund” .

India's trade to Japn

India’s new trade to japan that seeks to more than double trade to $5 billion by 2014 through duty cuts, came into force today. Japan has removed almost all tariffs on industrial products, some agricultural items- such as mangoes, citrus, fruits, and spices, textiles, petrochemical and chemical products, cement and jewellery.
The import of Japanese consumer goods such as mobile phones-including SIM cards and memory cards calculators, chargers, compact discs, DVDs and video cameras and textiles such as woven and silk fabrics will become duty free.

What RBI has done?
The RBI raised the reverse repo by 100 basis points to 7% and marginal standing facility (MSF) rate to 9% maintaing a 200 basis point corridor with the repo bang in the middle.The banks set the benchmark interest rate by 50 basis points to 8%. The hike is much sharper than the expected 25 basis points. In 16 months the RBI has raised rates by 325 basis points. the RBI is hoping that it will put a lid on inflation by moderating demand but concedes that the strategy may not work effectively unless appropriate action is taken to deal with supply bottlenecks. Uncertainty over crude oil prices, foreign capital flows, food prices, the vagaries of monsoon, a rising subsidy bill and recent tax cuts on petro products will ensure inflation will remain elevated at least during the second quarter which ends on Sept 30.
Result: The EMIs of home or auto loan will automatically go up immediately.
For industrialist, cost of borrowings will go up leading to project delays.
For depositors, its a profit news as will earn more interest.

The Central Bank of India feels India is not in a slowdown mode and believes a little bit of growth can be sacrificed to deal with imperative of tackling inflation.
( repo is the rate at which the central bank provides short term cash to banks)

This news is so big that it made many like us to make many calls to our bankers, brokers, and accountants. This repo factor has changed the view of investment for sure specially for my kinda middle class investors & savers.

Battle against Inflation- India

THE ECONOMIC BOOM HAS LED TO A SURGE IN WAGES BUT SUPPLY OF PRODUCTS AND SERVICES HAS NOT KEPT PACE WITH SUCH DEMAND- CREATING A CLASSIC WHERE TOO MUCH MONEY CHASES TOO FEW GOOD, SPARKING INFLATION.
The RBI believes that centre now faces a huge challenge in setting its finances in order and may slip up on its target of capping fiscal deficit at 4.6% of GDP this year. "It is important to recognize that in the absence of appropriate actions for addressing supply bottlenecks, especially in food and infrastructure, questions about the ability of the economy to sustain the current growth rate without significant inflationary pressures come to the fore," RBI governor Duvvuri Subbarao said while presenting the first quarter review of the monetary policy in Mumbai.
"the large fiscal deficit has been a key source of demand pressures. Fiscal consolidation is therefore critical to managing inflation. While meeting quantitative targets, the govt. also need to focus on the quality of expenditure to sustain the fiscal consolidation process, which, in turn will help contain aggregate demand and raise potential output," the RBI said.