Zimbabwe’s central bank has today released the new note into circulation in their attempt to battle hyperinflation…

Zimbabwe’s central bank has today launched a $50billion note into circulation, despite the currency being virtually worthless, as per Money.co.uk reports. According to today’s estimates the $50billion note will trade at $1.25 US dollars on the black market and have enough purchase power to buy just two loaves of bread or three newspapers.

Three weeks previous, when the government introduced a $10billion note, the equivalent …

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Amidst the rising concerns at the macro level, the business growth at the industry level remained strong in Q3FY2009. The year-till-date credit growth (till December 19, 2008) stands at 24.4%, better than the ~22.0% credit growth recorded in the same period last year. The healthy credit demand is primarily due to the fact that alternative funding sources (external commercial borrowings, foreign currency convertible bonds) have dried up with rising risk aversion. Though the role of domestic banks has increased, the …

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Bharat Electronics
Recommendation: Buy

Current price: Rs 750 (at the time of publishing this tip)

Price target: Rs 1,200

Key points:

Given its strategic electronics business, a market share of about 57% and a proven track record, Bharat Electronics Ltd is all poised to effectively tap the huge opportunity in defence sector. The company has an order backlog of Rs 9,450 crore as on March-end 2008, which could derive the growth going forward. It would also benefit from over 27% increase in the capital outlay for …

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Recommendation: Buy

Current price: Rs 750 (at the time of publishing this tip)

Price target: Rs 2,600

Key points:

Aban Offshore, one of the largest oil drilling companies in Asia, is benefiting from increased oil exploration and production activities globally. The resulting robust demand environment is leading to firm day rates for the company’s assets.
High day rates, combined with the company’s efforts to substantially ramp up its asset base through organic and inorganic initiatives, are likely to benefit the company going forward. …

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The top line of the front-line information technology companies is expected to grow in the range 6.1-11.7% in Q3FY2009. The growth in the top line is expected to be primarily driven by the depreciation in the rupee against the US Dollar. The rupee’s depreciation is likely to contribute 10-12% of the top line growth for the front-line IT companies. In dollar terms, the front-line IT companies may miss the revenue guidance on account of a sharp cross-currency movement and muted …

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1. What is ‘Cash on Spot’ transaction?

‘Cash on Spot’ (also know as, Spot) is a facility offered by ICICIdirect.com wherein the customer would receive the funds on his ’sell’ transaction on the transaction date itself, unlike a Cash transaction where the customer has to wait until the payout day to receive the funds. ‘Cash on Spot’ helps in increasing your liquidity when needed.

2. How many scrips are available in ‘Cash on Spot’?

Currently all S&P CNX NIFTY and CNX NIFTY JUNIOR …

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Quest India invites you to participate in program “International Tax & Transfer Pricing” scheduled on January 22, 2009 at Hotel Intercontinental The Grand, Mumbai

Preamble

International Taxation and Transfer Pricing are high on the agenda of the industry. The field of International Taxation has gained tremendous importance in today???s globalised environment. Issues range from Withholding Tax cross-border Transactions/ Permanent Establishment / structuring to transfer pricing. Pursuing new opportunities also means confronting a wide array of new tax planning and compliance challenges.

In line …

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