Buy: Punj Lloyd, target Rs. 532

Source: Sharekhan Recommendation: Buy Price target: Rs 532 Current market price: Rs 283 Punj Lloyd has won 2 orders this week. The first,  to engineer, procure, install and commission a 211km pipeline with associated stations and infrastructure in Qatar — an $800 million contract (Rs. 3636 crore) from Qatar Petroleum for a gas transmission project, [...]

Author: Austin Comments: 1 comment Date: 28 Sep 2008 More: Read more
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7 tips to make the most off your credit card

photo by The Consumerist A credit card can be an excellent tool for saving money and getting discounts. If one goes haywire it can lead to additional costs and penalties. Credits cards are often blamed for debt woes as well as other consumer-related ills prevalent in society. But, in reality, most of such woes result [...]

Author: Austin Comments: 4 comments Date: 27 Sep 2008 More: Read more
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Power of compounding

photo by orangeacid Investment experts keep advising us to “invest for the long term,” mainly so that we may benefit from the power of compounding. Take an individual who decides to invest Rs. 50,000 for 20 years. Assume that he earns a constant return of 8% per year. In the first five years, the Rs. [...]

Author: Austin Comments: 2 comments Date: 22 Sep 2008 More: Read more
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Buying a plot of land?

photo by demibrooke Buy land. They’ve stopped making it. – Mark Twain. Banks and housing finance companies (HFCs) in India provide loans for purchase of plots (land). Usually, the banks/HFCs insist that the plot of land is purchased from a recognized authority like a development authority, from a society, or from a recognized developer. Financing [...]

Author: Austin Comments: 2 comments Date: 13 Sep 2008 More: Read more
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Money Hacks Carnival #29: Food Heaven

Here’s another carnival of Money Hacks. A fantastic collection of posts all at one place. The post What if I gave you 100,000 bucks? by yours truly has qualified as an Editor’s Pick! The posts in the carnival are classified into different categories so you could jump right to the one you’re most interested in. [...]

Author: Austin Comments: 1 comment Date: 10 Sep 2008 More: Read more
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Not Peter Lynch or a Warren Buffett? Try Index Funds

photo by thelastminute Everyone might be familiar with mutual funds especially ELSS (Equity Linked Savings Scheme) coz that seems to be one of the favourites with salaried-class people. After all, it’s eligible for that deduction under Section 80C and plus has a potential to give you returns far better than traditional investment avenues such as [...]

Author: Austin Comments: 0 comments Date: 6 Sep 2008 More: Read more
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NSC and KVP take the demat route

photo by aubergene National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) are the two of the most commonest investment instruments in India. Well, if you have invested in these and you’re based out of Mumbai, you’re in for some good news. The postal department has been running a pilot project in Mumbai to electronically [...]

Author: Austin Comments: 2 comments Date: 2 Sep 2008 More: Read more
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