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, [...]
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 [...]
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. [...]
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 [...]
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. [...]
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 [...]
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 [...]
