Finance Bill 2010 Amendments

Finance Minister of India Pranab Mukherjee had presented the Finance Bill 2010 and it was passed by House. Some small amendments had been done in Union budget 2010-2011 which I am discussing with you. You can download PDF files of detailed Finance Bill 2010 from here.

1st Service Tax Amendments

a) on construction industry, airlines and new hospital services.

b) low-cost housing schemes for the urban poor under the Jawaharlal Nehru National Urban Renewal Mission and Rajiv Awas Yojna would attract zero service tax.

2nd Debt Relief Package Amendments

Rs. 362.82 Crore Debt relief for coffee growers.

3rd Excise, Customs and Export Duty Amendments

a) Now more export duty on petroleum products.

b) the minister reduced basic customs duty on stainless steel melting scrap by half, from 5 per cent to 2.5 per cent.

c) Basic customs duty on 11 specified drugs, including two anti-cancer and one for the treatment of AIDS, has also been reduced to 5 per cent.

d) Export duty has been increased on raw cotton export from Rs. 2500 to Rs. 10,000.

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Successful Women Entrepreneurs in India

Today, I am seeing the video on YouTube relating to India Inc. I am happy to share all these video with you that I have watched many stories of successful women entrepreneurs in India. These Indian businesswomen are operating their business successfully. The following overviews of videos will surely helpful to the young Indian women  who want to develop the own business in India and to become successful woman entrepreneur in India.

1st Successful Women Entrepreneur - Priyanka Malhotra

Priyanka Malhotra is successful woman entrepreneur in India. She is operating the business of book publishing and also devotes her time in cafe business. She did graduate in printing and publishing from Landon college of publishing. She also holds the degree of Msc. in media and communication field. After this, she came to India and became successful businesswomen in Delhi. Priyanka thinks differently about the idea of scaling her businesses. Here's a young entrepreneur unplugged. She got licence for operating cafe. She encouraged young woman in this video also.




2st Successful Women Entrepreneur - Bhawana Kakkar

Bhawana Kakkar is young graduate woman in Painting and Arts. She did also postgraduate in Art history from Baroda University. She has huge experience in fashion designing in India and she opened Art gallery. She is also publishing a magazine named "Take - Simple Black". She is successful woman entrepreneur in India and she told many tricks to success in business in following video.



3rd Successful Women Entrepreneur - Manju Bharatram

Mrs Manju Bharatram was a simple child for whom school wasn't a happy experience. Just like many others. And the day she saw her own children feeling the same as well, she became a social entrepreneur.



4rd Successful Women Entrepreneur - Rajashree Birla

Rajashree Birla is a successful woman entrepreneur and chairperson of Aditya Birla Centre for Community and rural development. Her focus is on the all-round development of the communities around our plants located mostly in distant rural areas and tribal belts. All our Group companies —- Grasim, Hindalco, Aditya Birla Nuvo, Indo Gulf and UltraTech have Rural Development Cells which are the implementation bodies.





5th Successful Women Entrepreneur - Shruti 

Shruti is a degree holder in Chemistry from University of Pennsylvania and she did worked with Merrill Lynch. She came back India after study in USA and started his own hotel business and became successful woman entrepreneur in India.








Related : Successful Women Entrepreneurs in World

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Is There a Fun way to Teach Basic Accounting?

Accounting Teacher from Kingston, Saint Andrew, Jamaica wants to know,"Is There a Fun way to Teach Basic Accounting?"

I say yes!

 Many fun way techniques are developed for teaching basic accounting. For teaching fun way, you should know following steps


1st Step: To reduce the scope of Basic Accounting

For teaching fun way, you should reduce the scope of basic accounting. You can divide total basic accounting into accounting equation, double entry and journal entry.


2nd Step: Increase your Creativity


For this you should read my old article " Creativity in Accounting". You can easily increase your creativity in accounting by making accounting songs, accounting poems. It will also be helpful for process of learning.


3rd Step: Teach Step by Step with  Using PowerPoint Presentation


It is very advance result of world survey, if you make animated and interesting slides in PowerPoint for step by step teaching, you can create fun way environment for teaching basic accounting. You can take reference Debit and Credit Presentation.


4th Step: To Give Freedom to Students to Collect Basic Accounting Images From Google Image Search or Flickr Image Search


It is my experience, if you will give all your students freedom to search and collect basic accounting image, you can open the doors of fun with your basic accounting teaching. It will provide creative platform for your students.  Dear, I am not joking. From word joking, I have remembered the Jokes. You can do google image search of basic accounting jokes. It will teach easy and fun way basic accounting to your students. For creating Fun in Accounting, I have made Flickr Image Show with taking Accounting Tag. You can take its Fun at here.

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New questions and Answers of Accounting for April from AccountingCoach.com

Today, I have obtained monthly email-newsletter from Prof. Harold Averkamp, CPA, MBA in which he solved many accounting problems in April in his AccountingCoach.com's Blog. I have read and learned many things which I am sharing with you in summary form here. For detail, you can read in his blog.

Q:- 1. Where are accruals reflected on the balance sheet?

Ans.  Prof. Harold Averkamp told that accruals were two type, one was related to accrual expenses and other was accrual income. We should add accrual expenses which were not paid in the liability side because next year, we will paid and we will add accrual incomes in current assets side in balance sheet.

Q:- 2. In standard costing, how is the purchase price variance reclassified to arrive at actual cost?

Ans. I read the answer of this question and I have learnt

If the price variance occurred throughout the year, the variance should be assigned to the raw materials inventory, work-in-process inventory, finished goods inventory, and cost of goods sold based on the quantity of the raw materials in each of these categories.

Above lines are taken from his articles and these lines shows that purchase variance's effect will be on raw material because it shows the difference between actual purchase price and standard purchase price of raw material but it will also effect on

{*} Work in process inventory because, it has been also made from raw material.

{*} Finished goods inventory, because it has been also made from raw material.

Q:- 3. How are period costs reported in the financial statements?

Ans.  The answer is very simple, period cost are indirect expenses and it will go to debit side of income statement and if it is prepaid, then it will also go to the current asset of company

Q:- 4. Is a loan's principal payment included on the income statement?

Ans. Payment of loan is capital expenditure and it will show as deduction out of loan.

Q:- 5. What are goods in transit?

Ans. I viewed this question. I liked Prof.'s given example and I am mentioning same here.

Company J ships a truckload of merchandise on December 30 to Customer K, which is located 2,000 miles away. The truckload of merchandise arrives at Customer K on January 2. Between December 30 and January 2, the truckload of merchandise is goods in transit. The goods in transit requires special attention if the companies issue financial statements as of December 31. The reason is that the merchandise is the inventory of one of the two companies, but the merchandise is not physically present at either company. One of the two companies must add the cost of the goods in transit to the cost of the inventory that it has in its possession.

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Undersea Internet Cable Broken Affected Accounting Education Blog Traffic

Yesterday, some of Users of Accounting Education Website could not reach this site because there was some faults in Undersea Cables which had been installed. If you are taking Internet services across Asia and Europe, your Internet service will be normal in next 2 to 3 days. BSNL, Airtel, reliance and other Internet service provider  are not giving good Internet service due to this defect. I suggest you that you need not to do anything for increasing your Internet service. After repairing SEA-ME-WE 4, all things will be normal after 2-3 days. So, you should keep patience.

How Can I Open www.svtuition.org or other Site in This Slow Broadband Connection

{Idea No. One}  If website completely fails to load because of that cut in the undersea cable, just go to your network settings and point the DNS servers to either Google DNS or OpenDNS.

{Idea No. Two} Since Google’s servers are typically faster than many web servers, you can often access a page’s cached version faster than the page itself. Practically every search result includes a Cached link. Clicking on that link takes you to the Google cached version of that web page, instead of the current version of the page. This is useful if the original page is unavailable because of website fails to loads.

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Overview Video of Accounting Education

Watch Prof. Vinod Kumar's interview video where he did Short overview about the Accounting Education Blog after crossing 1000 contents relating to solution of accounting, finance and educational problems.

Hi friends, It is me Vinod Kumar. I am telling little about my accounting education blog. I had started accounting education in 2 years ago for helping commerce students and accounting professionals. I have made this site for providing not only education but I am trying to make online learning environment through its educational contents. I hope you will visit and tell how can I improve it? Thank you very much.

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List of Mutual Funds in Canada

In this list of mutual funds in Canada, you can find top companies who are providing the facility of mutual funds. You can invest in these companies and secure his money from risky investment in share market. Before making this list, I want to tell one thing about Canada which I found from one of my student who lives in Canada. Canada is only country in the world in which you can find every country's people. Here you can find largest mixed culture of whole world after India. According to need of diversified market of different countries, following companies have made most usable mutual funds. Now, we studies some of famous companies from Wikipedia's  list of mutual-fund families in Canada.

Ist Mutual Fund in IGM Financial

IGM Financial Inc. is a Canadian financial services company, with $101.7 billion in total assets under management at the end of 2008. The company offers financial planning, mutual funds and a range of other investment products and financial services. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel.

2nd Mutual Fund in Royal Bank of Canada

The Royal Bank of Canada (in French, Banque Royale du Canada, and commonly RBC in either language) is the largest financial institution in Canada, which is measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide.The company's primary corporate offices are located in Toronto, Ontario, while it is officially headquartered in Montreal, Quebec. The bank was founded in 1864 in Halifax, Nova Scotia.

3rd Mutual Fund in CI Financial

CI Financial Corp. is a diversified wealth management firm headquartered in Toronto, Ontario and is one of Canada’s largest investment fund companies.The company has been publicly traded on the Toronto Stock Exchange since June 1994. It converted from a corporation to an income trust in June 2006, then back to a corporation in January 1, 2009

4th Mutual Fund in Toronto-Dominion Bank

The Toronto-Dominion Bank (in French, Banque Toronto-Dominion, and commonly TD in either language) is the second largest bank in Canada by market capitalization and deposits and the 6th largest bank in North America. The bank was created in 1955 through the merger of the Bank of Toronto and Dominion Bank, which were founded in 1855 and 1869, respectively.

5th Mutual Fund in Canadian Imperial Bank of Commerce


The Canadian Imperial Bank of Commerce (in French, Banque Canadienne Impériale de Commerce, and commonly CIBC in either language) is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC also operates in the United States, the Caribbean, Asia and the United Kingdom, and serves more than eleven million clients and has more than 40,000 employees worldwide. The company ranks at number 159 on the Forbes Global 2000 listing. Thanks Wikipedia

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Different Approaches to the Calculation of Cost of Equity Capital

In cost of capital, calculating of cost of equity capital is not so easy like calculation of cost of debt because there are many approaches in cost of equity capital. These are just like different methods of cost equity methods which have been developed after developing the outlook of company.

1. Dividend price approach

According to dividend price approach, we can calculate cost of capital just dividing dividend per share with market value of per share. This cost shows direct relationship between price of equity shares and price of dividend. Its % value shows what amount, we are giving per $ 100 share.

Ke = D/P

This model assumes that dividends shall be paid at a constant rate to perpetuity. It ignores taxation. Assume a $ 10/- share quoted at $ 25/-, dividend just paid of $ 2/-

Ke= 2/25 = 0.08 or 8%

Above is simple approach, but these days, we also include inflation adjustment in calculating cost of equity capital with dividend price approach.

Ke = D(1+ growth rate/100)(1+inflation rate/100) / Price of per share + (growth rate + inflation rate)
Suppose, if in above example, growth rate is 5% and inflation rate is 6% , then

Ke = Rs. 2 ( 1.05 X 1.06 )/$ 25 + ( 5% + 6% ) = 2 (1.113)/25 + 0.11 = 20.2%


2. The earning/price approach


This approach tells that we should not co-relate dividend per share with market value per share but we should use total earning and try to co-relate it with market value of shares. We have to just write earning per share of company instead writing dividend per share. It will be helpful to void the effect of dividend policy on calculation of working capital.


3. Realised yield approach


This approach is improvement in dividend price approach for calculating cost of capital. In this approach, we calculate cost of capital after analysis past payments of dividends. After this, we add some rate of growth % in basic formula of cost of equity capital. In realised yield approach, dividend on per share will be real value not expected value.


Remember the following points before applying the approaches of cost of capital:-

[*]  Before applying any approach in company, we should see the expectation of investors. According to expectations and current earning level, we have to decide to add some % of growth and inflation in real dividend per share for calculating cost of equity capital.

[*]  If there is high value of credit sale and other outstanding incomes, then we can use earning or price approach for knowing correct cost of capital.

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Distinguish between Explicit and Implicit Concepts of Cost of Capital

We have tried to explain and distinguish or differentiate between explicit and implicit concepts of cost of capital. In finance both terms are important for students.

 Explicit Cost of Capital


Explicit cost of capital is that cut off rate which equates present value of cash inflows to present value of cash outflows. In other words, it is nothing but internal rate of return. In capital budgeting decision, investor will see which investment provides high internal rate of return but which company gets the money at high internal rate of return; it means that company is accepting money at high explicit cost of capital. You should remember:

a) This cost will be in money form.

b) For deciding explicit cost of capital, company will add all sources’ cost of capital and try to minimize it.

For Example:

A company accepts loans by issuing new debentures of $ 500,000. This company also promises to pay $ 5000 per year, company’s total inflow will be $ 500,000 and total outflow of cash will be $ 50000 per year and if there is nothing cost of capital, then this loan can be repaid within 10 years. But it is not possible that company would receive loan without giving interest. So, minimum value of interest which will company pays on the condition that it will equal the present value of $500,000 and $ 50,000 will be explicit cost of capital. This decision will be taken at the time when company gets loan. If company is giving high interest rate on loan, then its net explicit cost will be less because, interest is given out of net profit and company can save tax and if we adjusted this tax rate, explicit cost will be less than actual interest on loan.

 Implicit Cost of Capital


Implicit cost of capital is opportunity cost, if money is used one of best alternatives for effective use of resources. Suppose, I have $ 100,000, I can deposit it in bank and earn $ 3500 as bank interest but I did not invested it in saving bank account and invested in the shares of XYZ company. So, my implicit cost of investment in shares will equal to the bank interest. This is not in money form because, it is not necessary that XYZ company give me my cost investment in shares. But, after thinking, I take the opportunity for getting best reward from investment, so I have taken this decision.

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Can a CA Write the UGC Exam.?

One of Indian Chartered Accountant ( CA ) wants to know from me about his elegibility for appearing in UGC NET examination. He asked whether he can write the UGC NET Exam. or not?

In clear words, I can answer no because minimum qualification for appearing in UGC NET is 55% in post graduation examination. But, I think, in future, UGC will equalize CA with post graduate degree. Up to this, decision, you have to wait. Dear, I also want to give you advice that you should not loose courage because if you are interested in teaching, you can apply almost all colleges and universities. Today is age of competition and all universities are appointing lecturers and teachers on contract basis. You can take the benefit of this competition. I think you can easily select as teacher in any Indian or Abroad college or Universities on contract basis without UGC NET Exam. I also encourage you that you should also complete your post graduation in commerce. M.Com. is just for two years and after getting 55% marks, you can appear in UGC NET two times in a year.

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Quotes from students to Prof. Vinod Kumar

Quotes are not just motivation for teacher but also provide power to teacher when students write for teacher. I think, inspirational quotes from students to teacher are not flattery but it is the tool to measure the satisfaction level of students. Teachers can know from quotes from students that he is achieving his aim. I am also teacher. I believe on the quote of Georage Bernard Shaw. He writes

"Life of teacher is no brief candle. It is a sort of splendid torch which he has got hold of for the moment and he wants to make it burn as brightly as possible before handing it on to future generations.

As a teacher, I also got two quotes after making finance chart and solving many  financial problems of students in my email vinod@svtuition.org which I am sharing with you. I am thankful to all students who are satisfied me by my education at Accounting Education.

1. " Hi, I am from Fiji and I mostly use your site for solutions of my finance problems that is being posted and which is indeed a great deal of help while I am studying.

2. " Dear Prof. Vinod, You are doing good. It was a pleasure to read your blog's finance chart, I've really started to learn a lot of new things, I'm really thankful to you and give you props on providing these services free of cost. Keep up the good work.

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Real Education for Life

What is the real education for life? Is today education is providing real education for life? How can I get real education for life?  Which system is useful for providing such education? You think absolutely all these questions' answers. Same position is for me. I got the answer of above questions from my old maternal grandfather. Here, I am teaching you this real education.

Before, telling about real education, I want to introduce my maternal grandfather. My maternal grandfather is about 96 years old. He came from Pakistan with empty hands and became successful businessman in jewellery business in Northen India. After coming from Pakistan in 1947, he did very hard work in India and developed his business. Still, his name Shri Khatu Ram is famous in Northen India for providing quality gold ornaments to customers more than 50 years. Now, he is sick but still he goes to his old jewellery shop and fulfills his duty from 9.00 A.M. to 5.00 A.M.

Today, I went to my maternal grandfather for asking about his help. When I reached to his shop, he expressed his happiness on my arrival there. I touched his feet. He give me real education for life which I am sharing with you in following lines.

1st Real Education

Never Leave Humanity

My maternal grandfather is only fifth standard pass before 1947. But he has high knowledge. He educated me with following words,

" Dear Vinod never leave humanity. Humanity is real education for life. Today, I am seeing that humanity and human values are decreasing very fastly. For earning the money, every well educated person is leaving his great asset. In old time, I purchased a house of Rs. 15000. The owner of house gave me the house without given any money. Even that person transferred his ownership without getting any money. After six months, I gave the payment of house. Today, its value is more than Rs. 20 Crore. I think that owner of house had trusted on me and gave the house without money. But today, nobody is trusting on any other person. Nobody can give you house of Rs. 20 Crore without getting money. But, Vinod, I hope, you will not leave humanity.

After listening his real education, I realized that he was telling real education not for me but whole world.

2nd Real Education

Never Cheat Others

If you have earned high degree and then you have started cheating others. It means, you did not learn even a,b,c of real education. If your high education like MBA, MCA, PHD, LLB, MBBS and other so many degrees are teaching you the skills of cheating others, then, stop to learn. I told him that there was nothing about cheating in any higher education. But, I have also noted his feeling about bad effect of our current education system on the society.

Today, well educated businessmen  and Chartered Accountants involve  in satyam scandal. They are cheating, then who can faith on education system.

"I think, we should change ourselves. We can not change any other person but, we can leave the bad habit of cheating for getting real education for life. 

3rd Real Education


Never Drink Alcohol

It is real education for life that you should never drink alcohol. Drinking of alcohol create ado in your mind and it is also harmful for your health. It is my maternal grandfather's advice that after drinking alcohol, your ability to think rationally is impaired. So, never drink alcohol.

"I don't drink alcohol. Why was my maternal grandfather educating me for not to drink alcohol? After thinking, I realized that he was indicating me that I had to teach this real education to my online students.

So, dear friends, students and reader, we should follow or act upon this great and real education for life.

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Determinants of Working Capital

1. Small or Large Business

It is the first determinant of working capital that it is affected with the nature of business. Business may be small or large. In small business, company need high working capital because, small business is relating to trading of goods, for starting small business, you need very small fixed capital but need high working capital for paying day to day expenses. But in large business, we require more fixed capital than working capital for purchasing fixed asset.

2. Small or Large Demand

Nature of demand also absolutely affects the working capital need. Some product can be easily sold by businessman, in that business; you need small amount of working capital because your earned money from sale can easy fulfill the shortage of working capital. But, if demand is very less, it is required that you have to invest large amount of working capital because your all fixed expenses must be paid by you.
For paying fixed capital you need working capital.

3. Production Policy

Production policy is also main determinant of working capital requirement. Different company may different production policy. Some companies stop or decrease the production level in off seasons, in that time, company may also reduce the number of employees or decrease the purchasing of new raw material, so, it will certainly decrease the amount of working capital but on the side, some company may continue their productions in off season, in that case, they need definitely large amount of working capital.

4. Credit Policy

Credit policy is relating to purchasing and selling of goods on credit basis. If company purchases all goods on credit and sells on cash basis or advance basis, then it is certainly company need very low amount of working capital. But if in company, goods are purchased on cash basis, and sold on credit basis, it means, our earned money will receive after sometime and we require large amount of working capital for continuing our business.

5. Dividend Policy

Dividend policy also effect working capital requirement. Company can distribute major part of net profit. But, if there is no reserve, we have to invest large amount in working capital because, lacking of reserve will affect on adversely on fulfill our liabilities. In that case, we have to yield working capital by taking short term loan for paying uncertain liability.

6. Working Capital Cycle

Working capital cycle shows all steps which starts from cash purchasing of raw material and then this converted into finished product, after this it is converted into sale, if it is credit sale, debtors will also the part of working capital cycle and when we gets money from our debtors, it is the final part of working capital cycle. If we receive fastly from our debtors, we need small amount working capital. Otherwise, for purchasing new raw material, we need more amount of working capital.

7. Manufacturing Cycle

Manufacturing cycle means the process of converting raw material into finished product. Long manufacturing cycle will create the situation in which we require large amount of working capital. Suppose, we have to construct the building, for constructing colony of buildings, it may consume the time more than 5 years, so according to this we need working capital.

8. Business Cycle

There are two main part of business cycle, one is boom and other is recession. In boom, we need high money or working capital for development of business but in recession, we need only low amount of working capital.

9. Price Level Changes

If there is increasing trend of products prices, we need to store high amount of working capital, because next time, it is precisely that we have to pay more for purchasing raw material or other service expenses. Inflation and deflation are two major factors which decide the next level of working capital in business.

10. Effect of External Business Environmental Factors

There are many external business environmental factors which affect the need of working capital like fiscal policy, monetary policy and bank policies and facilities.

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Teaching Science of Vinobha Bhave Ji

Acharya Vinoba Bhave Ji's teaching science is very useful for today young teachers. If you have studied his book, you can accept his teaching science. You can also consider him as the great teacher of the world.

According to him

"Students are the God for teacher. Teacher should teach students like worshipping of God.

Comment: This imagination is very useful for best teaching because this will create equality between worshipping and teaching. You can say that teaching and worshipping are the two parts of a same coin.This will increase teachers concentration towards students. Students' behaviour will also change toward teachers. They will learn from that teacher seriously. I think that teacher's character is example for student. If teacher think that all my students are my God, it means it will be great example for students. It is sure that students will also think that teacher is also God them. It will bring revolution in education system.

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Is a Decrease in the Average Debtors Period Good?

Above query was sent by the student of Midrand, Gauteng, South Africa. He want to ask me the answer of above question. Actually, he wants to get further clarification regarding my previous answer of above question.

In general we can say yes, a decrease in the average debtors period is good. When we calculate average debtor period or average collection period  in ratio analysis, we can see our present period in which we receive money from our debtor. If in future, it will decrease from current period of collection from debtor, it means we have increase our capability of collection the debt from debtors. But decreasing in average debtor period will compel you to think flip side of this accounting event. I am trying you to make understand flip side of above question.

1. No, it is not good because when we get all cash immediately, it may possible that we will misuse it because we are getting cash fastly but if we are paying our expenses according to previous average collection period, then it may possible that at the time of payment, we have no money. So, medium collection period is also create reserve for paying our future expenses.

2. We can not say, this is only single good indicator for business's solvency position but we have to see and analyze other factors of debtor management.

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Acknowledgements for Writing Finance Topics and Making of Finance Chart

It is difficult to cover all finance topics. But I have made chart named “Finance”. In this chart’s all links shows the contents of accounting education blog. This chart is divided into 15 parts and it was completed after 3 months hard work for writing the contents relating to finance. This chart is in the shape that a person who has no knowledge of finance, can also learn easy everything from this chart by click its all links from beginning to end. Students of MBA, M.Com, CA, ICWA, CS and B.Com. can study after choosing selective topics from this chart. I shall ever remain indebted to my followers from which I have taken technical help and inspiration and education.

1. Shri Amit Agarwal

He is Indian Professional and tech expert and also blogger. I take idea for making finance chart by seeing chart of important websites of Internet and take html code of Map of links. Thanks Amit for giving technical support.

2. Writers of Wikipedia

I have also read many articles of Finance relating to this chart and analyze on them before writing contents include in the links of chart. So, I am especially thankful all the finance writers and contributors of Wikipedia.

3. Writers of Different Finance Books

I have large number of old and new finance books. Before writing finance contents in the links of Finance help chart, I have taken help form these finance books. So, I am really thankful all the writers of Finance books.

4. Publishers of Finance Videos of Youtube

Large number of Youtube publishers publish video contents relating to finance daily. I have taken many ideas from these videos. So, I am heartily thankful for the publishers of Finance Videos of youtube.

5. Bloggers, Online Publishers and News Media

I am highly obliged large number of bloggers, online publishers and news media. I have visited their site when I had needed to read their fresh contents relating to finance without any charge.

6. Google Inc.

I have used Google search engine, google image engine selecting good images and icons and google translator for creating contents. Google Inc. did not take anything from me. So, I am extremely thankful to Google Inc.

7. All Others, Friends and Family Members

Last, but not the least I am thankful to all others(unknown), friends and my family members.

The Shortcomings of the contents of this finance chart are all my own.

 

Vinod Kumar

(INDIA) 

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China may Invest $8B in Canada

Ottawa has reached a deal with China that could see as much as $8 billion in investment capital funnelled into the country, federal Finance Minister Jim Flaherty announced on Friday.

The agreement with the China Banking Regulatory Commission allows financial institutions to invest in Canada under China's Qualified Domestic Institutional Investor program.

"This agreement will give Canadian financial markets access to up to $8 billion US in investment capital," said Flaherty.Link

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Motives behind Iran-Africa Trade Ties

The following video tells you in simple words what is the motives behind Iran-Africa Trade Ties.

Iran's President Mahmoud Ahmadinejhad is in Zimbabwe ( part of Africa) sounding a defiant note against the West. Robert Mugabe welcomed him and gave his support to Iran's nuclear programme. Behind the scenes, diplomats say Iran has agreed to give the UN more access to its uranium enrichment plants. But Ahmadinejad is keeping up his strong anti-western rhetoric. Al Jazeera's Alireza Ronaghi reports from Tehran.

Two presidents are expected to sign a number of cooperation pacts after holding talks. They will also visit a textile factory and a tractor manufacturing company in Harare. Ahmadinejad will attend a banquet to be hosted by President Mugabe and the inaugural ceremony of the 51st Harare International Trade Exhibition.

If we see the official report, both countries are doing the business of more than 600 million $ in a year and above visit will be helpful for development of business relation between both countries.

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Why is Australia Looking for Indian Investors in infrastructure sector?

You would see the latest news of Australia regarding demanding of investment from India:

"Australia wants India to share costs with it in infrastructure projects required to support the mining expansion projects in that country, an official said here Friday.

Damian Papps, director for investments, department of trade and economic development of South Australia, said the country was scouting for investors in India for this.

'We are looking for Indian companies who will participate in expansion,' he said at a press conference. Link 

Following is the main reason for demanding investment from India:

1. Australia was also trying to find partners in the US, Canada, Germany and China. But so far no company has agreed to participate in developing infrastructure projects.



2. BHP Billiton is Australian Company, which controls Western Mining Corporation and Olympic Dam - world's largest uranium ore body - is aiming at becoming the world's largest producer of uranium ore by 2020. So, for this purpose, they need money from Indian Investors.

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List of Commercial Banks in India

There are large number of commercial banks in India whose aim is to sell financial products like short term and long term loans for construction of house, paying personal expenses and buying of cars, bikes and other vehicles and mutual funds and insurance products. We can divide commercial banks into nationalized banks and private sector banks.

A. Nationalized Commercial Banks in India

1. State Bank of India

State Bank of India (SBI) is the largest bank in India.The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. The Government of India nationalised the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the Government took over the stake held by the Reserve Bank of India.


2. Allahabad Bank


Allahabad Bank which began operations in 1865, now has its head-quarters in Kolkata. Currently the bank has 2260 branches [1] across the country. The Chairman and Managing Director of the bank is Shri J P Dua. The bank has a branch in Hong Kong and a representative office in Shenzen. The bank's internet banking is maintained by EBankWorks Team of TCS.


3. Andhra Bank

Andhra Bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. The Bank crossed many milestones[clarification needed] and the Bank's Total Business as on 30.06.2008 stood at Rs.83,256 Crores with a Clientele base over 1.74 Crores.


4. Bank of Baroda

Bank of Baroda is the third largest Public Sector bank in India, after State Bank of India and Punjab National Bank. BoB has total assets in excess of Rs. 2.27 lakh crores, or Rs. 2,274 billion, a network of over 3000 branches and offices, and about 1100+ ATMs. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, credit cards and asset management.

5. Bank of India

Bank of India (BoI), established on 7 September 1906 is a bank with headquarters in Mumbai. Government-owned since nationalization in 1969, It is one of India's leading banks, with about 3140 branches including 27 branches outside India. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications) in India which facilitates provision of cost-effective financial processing and communication services. The Bank completed its first one hundred years of operations on 7 September 2006.

6. Bank of Maharashtra

Bank of Maharashtra is the premier bank of Maharashtra, operating in the country of India.Registered on 16th Sept 1935 with an authorized capital of Rs 10.00 lakh and commenced business on 8th Feb 1936.

7. Canara Bank

Canara Bank is a major commercial bank. It was established in India in 1906, which makes it among the older Indian banks. As on 2009 November, the bank had a network of 2861 branches, spread across India and other countries. Its head office is located in Bangalore, India. The bank also has international presence in several centers, including London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business it is one of the largest nationalized commercial banks in India, with a total business of about Rs.2 trillion.

8. Central Bank of India

Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India based in Mumbai[1]. The bank currently has 3,563 branches and 270 extension counters across 27 Indian states.

9. Corporation Bank

Corporation Bank, founded in 1906 in Udupi, Karnataka state, India, is one of the Indian banks in Public Sector Undertaking. The bank was founded with an initial capital of Rs. 5000 (USD 100), and first day’s canvassed resources of less than one USD 1, has currently (31 March 2004) 12,724 full time employees, and operates from several branches in India.The Bank is a Public Sector Unit with 57.17% of Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of Share Capital is presently held by the Public and Financial Institutions. The Bank’s Net Worth stood at Rs.3,054.92 crores as on 31 March 2005.


10. Dena Bank

Dena Bank (Hindi: देना बैंक) (founded 26 May, 1938) is one of the earliest banks in India headquartered in Mumbai.

B. Privatized Commercial Banks in India


1. Axis Bank

Axis Bank, previously called UTI Bank, was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. The bank changed its name to Axis Bank in April 2007 to avoid confusion with other unrelated entities with similar name.Shikha Sharma was named as the bank's managing director and CEO on 20 April 2009.


2. HDFC Bank

HDFC Bank Ltd. (BSE: 500180, NYSE: HDB) is a commercial bank of India, incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks. The Bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India. HDFC Bank has 1,412 branches and over 3,295 ATMs, in 528 cities in India, and all branches of the bank are linked on an online real-time basis.

3. ICICI Bank

ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank by market capitalisation and second largest overall in terms of assets. total assets of Rs. 3,562.28 billion (US$ 77 billion) at December 31, 2009 and profit after tax Rs. 30.19 billion (US$ 648.8 million) for the nine months ended December 31, 2009. The Bank also has a network of 1,700+ branches (as on 31 March, 2010) and about 4,721 ATMs in India and presence in 18 countries, as well as some 24 million customers (at the end of July 2007).


4. IndusInd Bank


IndusInd Bank Limited is a Mumbai based Indian new generation bank,[1][2] established in 1994. The bank offers commercial, transactional and electronic banking products and services. Indusind Bank was incorporated in April 1994 by Dr. Manmohan Singh the then Union Finance Minister. Indusind Bank is the first among the new-generation private banks in India.


5. Kotak Mahindra Bank


The Kotak Mahindra group is a financial organization established in 1985 in India. It was previously known as the Kotak Mahindra Finance Limited, a non-banking financial organization. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank.

6. Yes bank

YES BANK, India’s new age private sector Bank, is an outcome of the professional entrepreneurship of its Founder, Rana Kapoor and his highly competent top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the “Future Industries of India”. YES BANK is the only Greenfield license awarded by the RBI in the last 15 years, associated with the finest pedigree investors. YES BANK has fructified into a “full service” commercial Bank that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Business and Transaction Banking, Retail and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to corporate and retail customers.


7. ING Vysya Bank


ING Vysya Bank Limited, is an Indian retail bank, formed after the global financial institution ING acquired a 44% stake in Vysya Bank Ltd in October 2002, and took over management of the bank.


8. Jammu and Kashmir Bank


The Jammu & Kashmir Bank was founded on October 1 1938 under letters patent issued by the Maharaja of Kashmir, Hari Singh. The Maharaja invited eminent Kashmiri investors to become founding directors and shareholders of the bank, the most notable of which were Abdul Aziz Mantoo, Pesten Gee and the Bhaghat Family, all of whom acquired major shareholdings.


9. Karnataka Bank


Karnataka Bank Limited is a private sector banking institution based in the town of Mangalore in Karnataka, India. The Reserve Bank of India has designated Karnataka Bank as an A-class scheduled commercial bank.


10. Tamil Nadu Mercantile Bank


Tamil Nadu Mercantile Bank is a bank headquartered in Tuticorin in Tamil Nadu, India. It was founded by members of Nadar Mahajana Sangam in 1921. The bank was registered on 11 May, 1921 as Nadar Bank Ltd. M. V. Shanmugavel Nadar was elected as the first Chairman on 4 November 1921. The bank was opened to the public by T. V. Balagurusamy Nadar on 11 November 1921 to public in Ana Mavanna Building at South Raja Street, Tuticorin. For year 2008-2009 fiscal year, the bank reported a net profit of Rs.183 crore.

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List of Insurance Companies in India in 2010

Following is the list of India's largest Insurance Companies. They offer to public to invest in these life insurance and other insurance products. They also secure public from risks. In these providers include the companies of insurance, banking sector, and finance sectors which are recognised by IRDA. There are 22 Top companies who are the providers of insurance and insurance relating products.


1. Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life Insurance is a union between Allianz SE, one of the largest Insurance Company and Bajaj Finserv.Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion (Over INR. 55, 00,000 Crores). Allianz SE has over 115 years of financial experience and is present in over 70 countries around the world.


2. Birla Sun Life Insurance Co. Ltd

Established in 2000, Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known and trusted name globally amongst Indian conglomerates and Sun Life Financial Inc, leading international financial services organization from Canada. The local knowledge of the Aditya Birla Group combined with the domain expertise of Sun Life Financial Inc., offers a formidable protection for its customers’ future.

3. HDFC Standard Life Insurance Co. Ltd

HDFC Standard Life is a strong, financially secure business supported by two strong and secure promoters – HDFC Ltd and Standard Life. HDFC Ltd’s excellent brand strength emerges from its unrelenting focus on corporate governance, high standards of ethics and clarity of vision. Standard Life is a strong, financially secure business and a market leader in the UK Life & Pensions sector.


4. ICICI Prudential Life Insurance Co. Ltd.

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank - one of India's foremost financial services companies-and Prudential plc - a leading international financial services group headquartered in the United Kingdom. Total capital infusion stands at Rs. 47.80 billion, with ICICI Bank holding a stake of 74% and Prudential plc holding 26%.


5. ING Vysya Life Insurance Company Ltd.

ING Vysya Life Insurance (ING Life), a part of the ING Group the world’s largest financial services corporation* entered the private life insurance industry in India in September 2001. Headquartered at Bangalore, ING Life India is staffed by over 6,000 employees and services more than 10 lakhs customers. ING Life India is a joint venture between ING Group (ING Insurance International B.V.) & Exide Industries.


6. Life Insurance Corporation of India

LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. LIC has issued over one crore policies during the current year. It has crossed the milestone of issuing 1,01,32,955 new policies by 15th Oct, 2005, posting a healthy growth rate of 16.67% over the corresponding period of the previous year. From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. The same motives which inspired our forefathers to bring insurance into existence in this country inspire us at LIC to take this message of protection to light the lamps of security in as many homes as possible and to help the people in providing security to their families.

7. Max New York Life Insurance Co. Ltd


Max New York Life Insurance Company Ltd. is a joint venture between Max India Limited, one of India's leading multi-business corporations and New York Life International, the international arm of New York Life, a Fortune 100 company. The company has positioned itself on the quality platform. In line with its vision to be the most admired life insurance company in India, it has developed a strong corporate governance model based on the core values of excellence, honesty, knowledge, caring, integrity and teamwork.


8. Met Life India Insurance Company Ltd.


MetLife India Insurance Company Limited (MetLife) is an affiliate of MetLife, Inc. and was incorporated as a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors. MetLife is one of the fastest growing life insurance companies in the country. It serves its customers by offering a range of innovative products to individuals and group customers at more than 600 locations through its bank partners and company-owned offices. MetLife has more than 50,000 Financial Advisors, who help customers achieve peace of mind across the length and breadth of the country.


9. Kotak Mahindra Old Mutual Life Insurance Limited


Kotak Mahindra Old Mutual Life Insurance Ltd is a joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual. A company that combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them in taking important financial decisions at every stage in life and stay financially independent. The company is one of the fastest growing insurance companies in India and has shown remarkable growth since its inception in 2001. Kotak Life Insurance employs around 5,565 people in its various businesses and has 197 branches across 141 cities.


10. SBI Life Insurance Co. Ltd.


SBI Life Insurance Company Limited is a joint venture between the State Bank of India and BNP Paribas Assurance. SBI Life Insurance is registered with an authorized capital of Rs 2000 crores and a Paid-up capital of Rs 1000 Crores. SBI owns 74% of the total capital and BNP Paribas Assurance the remaining 26%.


11. Tata AIG Life Insurance Company Limited


Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). Tata AIG Life combines the Tata Group’s pre-eminent leadership position in India and AIG’s global presence as one of the world’s leading international insurance and financial services organization. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 per cent. Tata AIG Life provides insurance solutions to individuals and corporates. Tata AIG Life Insurance Company was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001.


12. Reliance Life Insurance Company Limited


Reliance Life Insurance is an associate company of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services.


13. Aviva Life Insurance Co. India Pvt. Ltd.


Aviva India is a joint venture between one of the country’s oldest and largest groups, Dabur, and Aviva plc, the UK's largest insurance group, whose association with India dates back to 1834.Its vision is to be amongst India’s leading life insurers with a quality business model, focused on sustainable growth. It seeks to build a robust product portfolio meeting all customer lifecycle needs related to – Savings, Retirement, Investments and Protection.


14. Sahara India Life Insurance Co, Ltd.


The Sahara Pariwar’s latest foray is in the field of Life Insurance. The Pariwar’s life insurance company – Sahara India Life Insurance Company Ltd.- has been granted licence by the insurance regulator – the IRDA on 6th February 2004. With this approval Sahara India Life Insurance Company Ltd. becomes the first wholly and purely Indian company, without any foreign collaboration to enter the Indian Life insurance market. The launch is with an initial paid up capital of 157 crores. The Chairman of the company is Shri Subrata Roy Sahara who is also the Chairman of Sahara Pariwar.


15. Shriram Life Insurance Co, Ltd.


Sanlam Life Insurance Limited, a part of the Sanlam Group, is one of the largest providers of life insurance in South Africa with 3.2 million individual policies under administration. It has a significant presence

across South Africa, United Kingdom and Namibia and is a major provider of life insurance, retirement annuities, saving and investment products, personal loans, home loans and trust services to individuals. The shareholder's funds of Sanlam Life equates to USD 4.4 billion.


16. Bharti AXA Life Insurance Company Ltd.


Bharti AXA Life Insurance is a joint venture between Bharti, one of India’s leading business groups with interests in telecom, agri business and retail, and AXA, world leader in financial protection and wealth management. The joint venture company has a 74% stake from Bharti and 26% stake of AXA.


17. Future Generali Life Insurance Company Ltd.


Future Generali is a joint venture between the India-based Future Group and the Italy-based Generali Group.
Future Generali is present in India in both the Life and Non-Life businesses as Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd.


18. IDBI Fortis Life Insurance Company Ltd.


IDBI Fortis Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Fortis Insurance International, a multinational insurance giant based out of Europe. In this venture, IDBI owns 48% equity while Federal Bank and Fortis own 26% equity each. At IDBI Fortis, we endeavor to deliver products that provide value and convenience to the customer. Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers. Having started in March 2008, in just five months of inception we became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums.


19. Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd


The Company commenced business 16th of June, 2008 after receiving requisite approvals from the Insurance Regulatory Development Authority (IRDA). Canara HSBC Life has access to 4100 bank branches all over India.The shareholding pattern of the Joint Venture is as follows - Canara Bank holds 51% equity, HSBC Insurance (Asia Pacific) Holdings Ltd 26% and Oriental Bank of Commerce 23%. The Venture has an initial paid up capital of INR 325 crores which will further increase in line with our expansion plans.


20. AEGON Religare Life Insurance Company Limited


AEGON, an international life insurance, pension and investment company, Religare, one of India’s leading integrated financial services groups and Bennett, Coleman & company, India’s largest media house, have come together to launch AEGON Religare Life Insurance Company Limited. This venture is dedicated to build a firm future, both for customers and employees and will continue to balance a local approach with the power of an expanding global operation.


21. DLF Pramerica Life Insurance Co. Ltd.


DLF Pramerica Life Insurance Company Ltd. (DPLI) is a joint venture between DLF Limited and Prudential International Insurance Holdings, Ltd. (referred to hereafter as "PIIH"). PIIH is a fully owned subsidiary of Prudential Financial, Inc. (referred to hereafter as "PFI"). The combination of the strength of the DLF brand and PFI's insurance expertise provide the strongest possible foundations for DPLI to succeed in the rapidly growing Indian life insurance market.



22. Star Union Dai-ichi Life Insurance Comp. Ltd.


Bank of India and Union Bank of India, two leading Public Sector Banks in India and the Dai-ichi Mutual Life Insurance Company, a leading Japanese Company in the Life Insurance market, have floated a Joint Venture Company, "Star Union Dai-ichi Life Insurance Co. Ltd." for undertaking Life Insurance Business in India. The Company, has been incorporated / registered with the Registrar of Companies, Maharashtra on 25th September, 2007. The Company has been issued the license for undertaking life insurance business in India by Insurance Regulatory and Development Authority (IRDA) on 26.12.2008ion Bank of India, two leading Public Sector Banks in India and the Dai-ichi Mutual Life Insurance Company, a leading Japanese Company in the Life Insurance market, have floated a Joint Venture Company, "Star Union Dai-ichi Life Insurance Co. Ltd." for undertaking Life Insurance Business in India. The Company, has been incorporated / registered with the Registrar of Companies, Maharashtra on 25th September, 2007. The Company has been issued the license for undertaking life insurance business in India by Insurance Regulatory and Development Authority (IRDA) on 26.12.2008. The Company has best insurance, IT, finance and investment resources to ensure that it soon earns a prominent position in insurance sector.

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Need of New Rules for Banks in Japan

Japan's finance minister and Japan's central bank's Governor are doing meeting and discussing the need of applying new rules for banks in Japan. The following content ( quote form) is taken from The New York Times which shows the reasons behind this issue.

Japanese banks, weakened by a financial crisis of their own in the late 1990s, were largely left behind in the push by Wall Street banks to create and deal in ever more complex securities. They stuck to more conservative investments, taking on lower risks and reaping lower returns than many of their Western counterparts.

As a result, Japanese lenders initially appeared to be shielded from problems related to sub prime mortgage lending. In September 2008, as credit markets seized up in the United States, Japanese officials widely referred to the crisis as “the fire on the other shore.” The economy minister at the time, Kaoru Yosano, compared the effects of the crisis on Japan to a bee sting.

Sub prime losses at all Japanese banks totaled 1.034 trillion yen, ($11 billion) at the end of September 2009, government figures show — a fraction of the losses racked up by their counterparts in the United States and Europe. Japan was spared the kind of financial upheaval experienced in the West, although the global downturn hit the Japanese economy hard as exports collapsed and the stock market dropped.


Analysts say new rules could be more onerous for Japanese banks, partly because they have long counted preferred securities, which combine characteristics of equity and debt, as part of their capital base. The ratings agency Standard & Poor’s warned in November that Japan’s lenders had some of the lowest capital ratios among major global banks.

There is little consensus in Japan over what shape a regulatory overhaul should take. Japanese banking rules are more lax, and regulators are far less powerful than their counterparts at the Securities and Exchange Commission in the United States.

“This is a good chance for Japan to rethink its approach to regulation,” said Tatsuo Uemura, a finance and law professor at Waseda University in Tokyo. “Japan should consider the pros and cons of America’s response, then come up with its own. It should not blindly follow the West.”  Link

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India Inc.- Labnol

Digital Inspiration's famous category is India in which you can find very useful information relating to India Inc. and development of Finance in India.

It has about 540 articles up to this date. You can read about India Inc. section in the profile Shri Amit Agarwal.

The India Inc. section of Digital Inspiration tracks the latest happenings at India Inc. Our main focus is on current events and issues in Indian Inc. taking alongside an analysis of the historical perspective and future scenario.Anurag, the author of India Inc., is a professional financial analyst with interests in Investment Analysis, Corporate Finance and Portfolio Management. He holds an MBA degree and Masters in Finance & Investment from University of Exeter, UK.

Today, I have read some of old Articles of this section and discuss about you what are special in these articles.

1. Get pampered by Starwood’s “Luxury Collection” on Indian shores

It was published in 17 May 2007. In this article, you can read ITC ( one of India's foremost private sector companies ) strategy to win the competition in the field of food and hotel business marketing. ITC are was dealing with other companies for completing the hotels and rising income from this business.

2. Foreign brokerage to prowl on Sharekhan’s lion

In this content, you can study that India broker marketing is becoming the hard place of competition. Now you can see many players like icicidirect.com, kotakstreet.com and many more. So, investors of India can take the benefit of this competition by getting quality research reports at cheap brokerage rates.

3. Adlabs raps up Rave, aims to capture every Indian eyeball

You can read Adlabs (Reliance MediaWorks Limited) Film Company's future planning  in above article. It wants to open theatre malls in every city of India  where public can watch Hollywood and Bollywood movies. Update : In May 2009, the Company established business process outsourcing operations for the media space. In January 2010, the Company acquired the assets of ilab UK Ltd.

4. Will Bajaj reward its shareholders in the grand Reliance way?

From its title, you can think that the story may be relating to the distribution of profit of Bajaj company, but, you will find something different what are you thinking. Actually this story is relating to the Bajaj company's investor's expectations on takeover three companies by Bajaj in 2007 but Bajaj was more concerned to use  the gain from demerging on internal growth.

5. To buy cheap, spend on security

This is very interesting story and related to attack on Reliance Fresh Stores in Ranchi. Now, all retail companies want to sell at cheap rate to those consumer who will not complain for any mishappening in malls and shops.

6. After 3D, now smell and interact in 6D movie

 You can get knowledge about what is 6D movie and how can Indian student can get edutainment because Adlabs Company had launched this type of cinema in Agra. Really, content has been designed for education and entertainment for students.

7. Rising Rupee, Falling Dollar – Zero Sum Game? 

This article is very helpful to understand the effect of rising pricing and it persuaded the benefits and disadvantages. The ending words ("For India, exports leads to employment, and export led companies may be forced to take a tight hand in their expansion plans due to decrease in expected earnings, which may be a bad signal for the growth-led image of the country.") are very logical.

8. Aditya Birla Group joins retail bandwagon – calls it ‘More’

In this content, you can not only read the the planning and projects of  Aditya Group but you can know the Ado in retail market and retain companies. One side, Reliance started Fresh stores and flip side, you can read the planning of Aditya Birla Group.


9. Bitten by financial fraud, call Forensic Accountant 

you can read the importance and general introduction of Forensic Accounting and accountant in above content.


10. The Global Indian Takeover – Vijay Mallya joins the list

In this content, you can  the progress of  Indian businessman Vijay Mallya who is the chairman of Kingfisher Airlines. In the India corporate sector, he has become the ‘Richard Branson’ of India.

You can read all contents of India Inc. at here. One more important thing is that Amit's latest venture - India Inc. was mentioned as one of the best business blogs in India by Times UK.

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