Numeric Answers launches its PAN asian plans at Toronto.

On Thursday there was a major party hosted at the Numeric Answers corporate headquarters at Toronto where their Chairman Mr. Azim Fancy announced the company’s exciting growth plans spanning across the world. He announced the Joint venture signed with Fuente Systems , India on providing accounting services for its clients and value building initiatives taken to ensure that Numeric Answers continue to provide value to its clients and greater efficiency and better quality 24 / 7.

The Vice President – Operations of the company Ms. Frances Zomer released the new refurbished web site of Numeric Answers and outlined her plans for Numeric Fuente. This paves as a road map for the entire team. We congratulate her and in the process wish to express all luck and best wishes in this venture.      

Powered by Qumana

Hanna Barberra (Creator of Tom and Jerry Show) passes away – End of an Era

Hanna Barberra (On the right in the picture) is the creator of the infamous Tom and Jerry Show. Tom and jerry have been entertaining us ever since the advent of TV and videos and we cannot think of cartoons without the mention of Tom and jerry. And to make that possible were these two people Fred quinby and Hanna Barberra. He passed due to natural causes at the age of 90. But he leaves behind such great memories of his work that will be in our memories for time immemorial. I salute the creator who brought happiness to all our living rooms by his antics in his two character TOM and JERRY

Tags: tom, jerry, mouse, cat, cartoon, comic, hanna, barberra, creator, famous, love, children, show

Powered by Qumana

Is Santhi a hapless victim of official wrangle

Here is this individual who has worked hard towards gaining national pride is now being subjected to public embarrassment. She is no different from the army jawan who fights for our country and brings national pride.  Do we take it calmly ? Arent there incidences and famous players in the past who have had gender recognition problems but were still competing in the sports arena. There were few world class athletes too who had such issues. She hails from a impoverished society and has no so called " Mentors or guru " . Is that the reason why her case is being shoed away without any protests. Who is to be blamed in the fact that she was allowed to compete in the games but the officials in the first place did know that she has such an contentious issue ? Questions questions…. Who will stand for her amidst this public humiliation. We need answers and that better be fast. Event the poor in this country have the right to a fair hearing.

Totally offhand to this issue I remember during the Blog camp conference 2006 I chanced upon talking to an individual blogger " Living smile – Vidya ". She (transgender) is a blogger and basically from south India and she writes some great post. Everyone in the organizing team were encouraging to bring her to the lime light. We were also cautious that such focus should not be misinterpreted in  any negative publicity all steps were taken to protect that too but due to her personal commitments she couldn’t make it to the event. We still communicate . All of gods creation is divine. Good night folks !

Tags: santhi, silver, asian, Doha, games, India, medal Powered by Qumana

Endowment Term assurance and Mutual Funds Investment : A comparative case study

(Term + PPF) or (Term + MF) as against a conventional endowment assurance

Case : Male
Age : 30 Years
Sum Assured : 5 lakhs
Term : 30 year period
Mode : Annual Payment
Cost of Endowment Assurance is Rs. 14,985/-
As per the IRDA approved illustration optimistic sum assured including bonuses is Rs.13,75,250/-

This may seem attractive to the Insurance Company.

On the contrary, if the same person applies for a pure term assurance for a sum of 5 lakhs, premium that has to be paid for 30 year term is Rs.2009/- including service tax. The balance of Rs.12,976/- could be invested in a diversified equity fund under SIP mode. At an expected pessimistic return of 12% p.a. value of the fund at the end of 30 years would be Rs.31,31,533/-. The Investor gains by a whopping 17.56 lakhs. This is a huge sum which goes waste by opting for a with profits plan of an Insurance Company. If the person is not willing to take risk by investing in a mutual fund, he can look at the next option.

Buy a pure term insurance by paying Rs.2009/-. Invest the balance of Rs.12,976/- in a PPF account. He would accumulate Rs.15,87,560/- at the end of 30 years at the prevailing rate of return. This again gives him an additional amount 2.12 lakhs.

In addition, he can also decide to discontinue the term policy before 30 years, once he realises that there is no financial dependency on him.

Ultimately, it looks as simple as this. Buy Term and Invest or (Save) the rest. By looking at these options,
1) a person can avoid getting underinsured
2) Beat inflation comfortably
3) Gain huge sum, as a difference

Tags: ganesh, syed, razik, endowment, term, assurance, mutual, fund, investment, financial, planning

Powered by Qumana

Atlanta Limited : The Unicorn of Indian IPO’s

Its pretty chilly weather out there and with year end work and preparations on for projects that are starting new with Jan 2007, my blog was going through a dry week sans any single post. Then i fell ill too… and there are hazaar more reasons that i can blame on for not writing.

Late this week with sensex touching 4000 and nifty touching 14k levels i was busy booking profits on two of my lucky horses (Stocks) One was the top performer of 2006, Atlanta Limited (ATLLIM) in the mid cap section and the other is the mammoth large cap Reliance Industries (RELIND).

Back in August we had the IPO on the little known company Atlanta Limited that came to the market at the same time as Tech Mahindra (TECMAH). ATLLIM listed at 150 and i took a position at 190. At that time the company was little known just that it was operating a a BOT project on highways between Mumbai and Pune. Somewhere down in September end a western firm picked up a large chunk of shares in the company and overnight the companies plans were so much changed with more strategic foray into real estate development and so on. ATLLIM is now focussing on buying over parking lots in most IT cities and also into property development so on. And for the last 10 days the stock has been going from circuit to circuit on a bullish frenzy. There was a brief consolodation at 670 levels then it was no looking back but a consecutive leap on circuit levels until current levels (1210). 

** Circuit is basically about when the stock appreciates / depreciates upto 5 % of the current stock value. Then the stock is locked at that price for the day. The reason for the circuit breakers is to control volatility in the market and also to prevent the "bubble" effect.

ATLLIM at these levels looks very attractive to book profits. the reason being that this stock is afterall a construction stock and the lead times for such projects run into months and the reasoning is how can the stock appreciate day by day to phenomenol levels on such sectors. i feel that the stock has reached this stage all due to speculation and is slightly overpriced for all its operating ratios and so on. Though it has replaced ERA Constructions as the top performer of all IPO’s since 2005 i still feel its time to post profits. So based on this i booked partial profits at 1198. (Ironically for every 190 invested over a period of 90 days has yielded a return of 1198 . Do i have anything to complain ?)

RELIND is a market leader and a epitome of success. I took a position on this stock as soon as we had news of its foray into Retail. Reliance retail is a part of the RELIND. We should understand one rule about RELIND that wherever REL goes in whatever market, whichever sector, they go big guns blazing and trendsetters. We saw that in the past in many occassions and Retail is no exception. With so much happening in the retail space like lately we have a tie up between Bharti and Walmart for the same space now that industry is hotting up. We can expect a lot of fireworks on that sectors soon. Last week we had the news that Reliance buys over a retail chain called Adani Enterprises and this will add up value to their retail chain. Acquisitions will be the order of the day in this sector soon. There are small chains in the south like subhiksha that are attractive buys for such large players.

Alongwith this comes another baggage of IT solutions companies like Mecosoft , Fuente, Bartronics so on that offer IT solutions to the retail space with integration to RFID and Barcoding technologies. This space is also going to see a lot of exciting times to come… Good Nite folks !

Tags: bharti, walmart, reliance retail, reliance industries, Atlanta limited, construction, real estate, performer, stock, syed, razik, mecosoft, fuente, bartronics, adani, acquisitions, retail, property, construction, sector 

     

Powered by Qumana