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, while the second order is much smaller at $42 million (about Rs. 190 crore) for an onshore drilling project in Libya. [Read more]

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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 from the misuse of plastic money or the ignorance of consumer himself rather than keeping a credit card in your wallet. Here are some tips to make the most of your credit card: [Read more]

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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. 50,000 invested grows to Rs. 73,466. (see table) This means, he gains Rs. 23,466 in absolute terms in the first five years. [Read more]

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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 purchase of plots is a bit risky because of difficulty in documentation. [Read more]

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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.

Look no further, check out the Money Hacks Carnival #29.

Thank you LAL.

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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 Provident Fund (PF) and National Savings Certificate (NSC). However, investing in ELSS means a lock-in period of 3 years.

Consider this – you’ve already invested in ELSS and have some extra money that you wish to invest in stocks. You could be one who is a pro when it comes to investing directly in stocks. Or you could be someone who depends on friends / family for guidance. Then there are times when you really don’t have the time to track the stock market, more specifically, trying to figure out which are the stocks that you should ride your money on. In such a case, index funds are a good avenue to look at. [Read more]

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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 credit NSC and KVP details in an investor’s demat account — just like shares — instead of issuing the usual physical certificates. Thirty five major post offices in the region (Mumbai, Thane and Navi Mumbai) are authorised to offer NSCs and KVPs in demat form. Now post offices in Mumbai are urging investors to opt for NSCs and KVPs to choose the demat option during the application process. [Read more]

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