Opel Astra offers 2-year guarantee
With an aim to enhancing customer care and service, General Motors India has launched unique and attractive packages for Opel Astra buyers. The company has designed an exclusive two-year warranty package beginning this month. The highlight of the two-year package is the warranty for two years or 40,000 km, whichever occurs earlier, as compared to other car manufacturers who offer warranty for only one year.
A guide to the maze of valuation strategies
Mutual Fund investors check their investment progress straight from the NAV column and quickly calculate how much net worth has risen or fallen since they last checked. But investors in open-ended mutual funds are mistaken if they believe that all funds' NAV listings are just as reliable as closing prices on the National Stock Exchange. The fact is that the determination of a fund's net asset value can be much more subjective and malleable than most investors know.
SEBI may impose Rs 10-crore net worth on plantation firms
The SEBI panel on collective investment schemes is considering a net worth requirement of 10% of the amount collected by the company or Rs 10 crore, whichever is higher, to be brought in by the promoter of such a scheme. It has also suggested that only limited companies be allowed to float such schemes.
CBDT notifies ICICI on Section 80L benefit for its Rs 400-cr safety bonds
Investments in the ICICI safety bonds may soon be eliglible for benefits under Section 80L of the Income Tax Act. CBDT has asked the Mumbai-based institution to submit the bond certificiates with their distinctive numbers after completion of the allotment process for it's consideration. ICICI officials interpret this as an informal approval for their bonds.
BSE to revamp objection procedure
The Bombay Stock Exchange (BSE), in a move to revamp the objection procedure, has asked receiving brokers to raise the objection in respect of identified shares against the introducing broker instead of the delivering broker. The decision to this effect was taken at the meeting of the concerned department on March 4.
Khaitan Chemical's rights issue at a premium to its market price
The Rs 4.52 crore rights offer from Khaitan Chemicals and Fertilizers Limited (KCFL) is primarily to part finance its Rs 17.25 crore expansion project and to augment its longterm working capital requirements. Although KCFL's scrip is hovering around Rs 18, its current 1:2 issue is being offered at Rs 30.
