Bulls & Bear Hfund of India

U.S. Stock Plunge Picks Up Speed Ugly week ends with worst day for the Dow and other indexes in years U.S. stocks suffered their worst losses in four years at the end of a bruising week, as growing concern about China’s economy pushed shares in the U.S. and Europe into what money managers call a correction. The Dow Jones Industrial Average finished the day down 10.1% from its May record, crossing the 10% threshold that typically defines a correction. The U.S. blue-chip stock average hadn’t had a correction since 2011, when it plunged after Standard & Poor’s downgraded its rating of U.S. sovereign debt. On Friday, the Dow endured its fourth consecutive day of declines, losing 530.94 points, or 3.1%, to finish at 16459.75. Other U.S. indexes similarly fell sharply, with the Dow, the S&P 500 and the Nasdaq Composite Index all posting their worst one-day percentage declines since 2011, although the S&P 500 and the Nasdaq weren’t down 10% from their highs. Benchmark in...

One Rank One Pension One Rank, One Pension (OROP), or same pension, for same rank and for the same length of service, irrespective of the date of retirement, was the basis for determining the pension and benefits of Indian Armed Forces till 1973. In 1973, the Indian National Congress (INC) government headed by Indira Gandhi, Prime minister, following the Third Central Pay Commission , in an "ex-parte" decision terminated OROP. The termination of OROP caused disquiet in the Armed Forces and has since become a cause of public protests by Armed Forces Veterans. An all party ten member Parliamentary Panel, known as the Koshyari Committee after its Chairman, examined OROP. The Koshyari Committee blamed the delay in implementing OROP on bureaucratic resistance and apathy."The Koshyari Committee unanimously found merit in OROP, and recommended its early implementation. OROP, an increasingly politicised, and often a misunderstood and misrepresented issue, in the run up...

Investments, although very difficult for most of us to theoretically understand, practically apply and emotionally stick to as to what asset allocation should we follow (stocks, bonds, real estate, commodities etc) or what time frame to adhere to and what are the risks attached to it; but there is one thing which most of us, particularly Indians, love and also believe they understand it is Gold. A common person may not understand the benefits of investing in stocks for long term wealth creation or bonds to enhance the purchasing power in a deflationary environment or hoard cash to preserve capital in an uncertain economic world but the same person might easily understand and believe that he knows the value of Gold. Besides the traditional options like purchasing jewelry or investing in gold bars and coins, there are a plethora of new options available like the National Spot Exchange, Gold ETFs and also Gold Fund of Funds. Although, many local investors shunned equity funds ov...

Harshad Mehta Harshad M Mehta was an Indian stockbroker, well known for his wealth and for having been charged with numerous financial crimes that took place in 1992. Of the 27 criminal charges brought against him, he was only convicted of one, before his death at age 47 in 2001. It was alleged that Mehta engaged in a massive stock manipulation scheme financed by worthless bank receipts, which hi s firm brokered in "ready forward" transactions between banks. Mehta was convicted by the Bombay High Court and Supreme Court of India[2] for his part in a financial scandal valued at ₹49.99 billion (US$780 million) which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes in the Bombay Stock Exchange (BSE) transaction system and SEBI further introduced new rules to cover those loopholes. He was tried for 9 years, until he died in late 2001 By profession Mehta was Graduate in commerce. Over a period of ten years, beginning 1980, he served in positions ...

Markets ended marginally lower amid volatility extending the fall for fourth straight day dragged by metal and auto shares. However, value buying in financials and index heavyweight Reliance Industries helped cap the downside. The 30-share Sensex closed lower by 23.78 points at 26,813.42 and the 50-share Nifty slipped 4.45 points at 8,130.65. According to KK Mittal, Managing Director, Globe Capital, "Investors sentiments are dampened after the rate cut of 25 bps against the possibility and expectation of 50 bps, poor corporate earnings growth and expectation of poor monsoon. Nifty may come down to the levels of 7,800 and then one can start taking positions especially in select IT, banks and pharma sectors". The broader markets ended mixed- BSE Midcap index inched up by 0.2% and the Smallcap index ended flat. The market breadth was marginally negative. Out of 2,772 stocks traded on the BSE, there were 1,277 advancing stocks as against 1,381 declines. The India Meteor...

For India's leading companies, the quarter ended March has been a washout. The combined net profit of the 43 companies in the benchmark National Stock Exchange Nifty index that have declared their results so far has halved during the quarter compared to the corresponding period a year earlier. The Nifty index comprises 50 companies. This makes it the worst quarter for Nifty companies since the September 2008 Lehman collapse, when there was a sudden drop in revenues and profits of commodity producers, automobile makers and banks, as credit markets were squeezed. In the March 2015 quarter, the combined (reported) net profit of the 43 companies fell 51.6 per cent to Rs 33,854.30 crore from Rs 68,979.4 crore in the year-ago quarter. India Inc's performance in the quarter ended March was hit by tepid growth in demand, both in India and abroad, a fall in metal and energy prices, adverse exchange rate movement and large write-downs in the value of assets (in case of Vedant...

How to increase your tax savings  Now that both houses of Parliament have passed the Finance Bill 2014, you can start taking advantage of the new tax proposals of Budget 2014-15. Revisit your tax-saving strategy for the year to maximise yo ur take-home pay. Reduce your tax outgo Most organisations have already asked their employees to send revised investment declarations for the year to reassess their tax liabilities following the changes in tax laws. The sooner you do so, the better it will be. "If you do not revise your earlier declaration, you will continue facing a higher tax outgo every month. Sending a revised declaration this month will allow you to fetch a higher takehome pay right away," says Kuldip Kumar, executive director, tax & regulatory services, PWC. For More Source :  http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/how-to-increase-your-tax-savings/articleshow/42394282.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cp...