Reliance Power & Future Capital IPOs

My Strategies to apply to these IPOs -

#Applying in both of them 100% retail subscriptions.

#Reliance Power - I will opt for part payment. So need to invest only close to 25,000 Rs. Chances are high that all fully subscribes will get around 20 shares per application. That will cost around 9000 per application. They will refund 25,000 -9,600 back to our account later. So no need to invest 1,00,000 as of now.

# Only disadvantage I see is you can not sell them on day 1 if you get shares of more than 25000. But that is not a question in this case. Other point is why one will sell it very soon ?

# Will make application of 1,00,000 in future capital ipo.

# As of now, as per rumors both IPOs will be handled by Karvy.

# Today's market crash was due to basket selling - making room to invest in Reliance Power !! So hopefully we will see market going up tomorrow with the help of Infosys result.

Keep investing !

Testing www.intimespectrum.com

Was trying to access intimespectrum.com and got ODBC connection error for couple of time, little later I got following page.. Somebody definitely doing some trial and error method to make this site working, or they are doing testing on live site (on production) !! Many companies like Mudra still prefer services from company like intime ! Wont Mudra or other companies have a good manager who can evaluate such a basic check before taking a decision on service provider..

બિઝનેસ કિસ્સાઓ – વનરાજ માલવી

આઈ.બી.એમ કંપનીના ટોચના એક અધિકારીએ કશીક ભૂલ કરી. તેથી કંપનીએ સાઠ હજાર ડૉલરનું નુકશાન ભોગવવું પડેલું હતું. એટલે તેના ચૅરમેનને કોઈકે પૂછ્યું : ‘તો તમે એને કંપનીમાંથી બરતરફ કરશો ?’
વૉટસને જવાબ આપ્યો : ‘ના, મેં તેને ગફલત દ્વારા શીખવા માટે ને કીમતી અનુભવ લેવા સારુ 60,000 ડૉલર હમણાં જ ખરચ્યા છે. તો એના એ અનુભવનો લાભ હું બીજી કંપનીને શા માટે લેવા દઉં ?’

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અમેરિકામાં બે ધરખમ કંપનીઓ તેઓ સમાનપણે પ્રકાશન પ્રવૃત્તિમાં લગભગ આગળ પાછળના સમયમાં દાખલ થયા. એમાંની એક કંપની હતી ટાઈમ ઈન્કોર્પોરેટેડ. તેમણે શરૂઆત કરી ટેકનિકલ વિષયના પ્રકાશનથી. તેમાં તેઓ ફાવ્યા નહિ. આખરે થયું કે લોકોને સમાચારમાં ખાસ્સો રસ પડે છે. એટલે વિશ્વભરના દેશોના સમાચારને આવરી લઈ તેને લગતું મેગેઝિન શરૂ કર્યું. અને તેમાં તેઓ ખૂબ ખૂબ સફળ નીવડ્યાં ને દુનિયાભરમાં જાણીતા થયા.
તો બીજી કંપની હતી મૅકગ્રો હિલ – તેમણે જ્યાં ટાઈમ નિષ્ફળ નીવડેલું તે જ ક્ષેત્ર પકડ્યું. તેમણે વિશ્વના સમાચારોને આવરી લેતું સામાયિક શરૂ કર્યું. તેમાં તેઓ ફાવ્યા નહિ એટલે ટેકનિકલ વિષયોની માહિતીને આવરી લેતા મેગેઝિન શરૂ કર્યાં. અને સારી પેઠે સફળતા મેળવી ! કેવી નવાઈની વાત ! એ કંપની ગમે તે પગારથી ઉત્કૃષ્ટ શક્તિવાળા માણસોને નોકરીમાં રાખતા છતાં જ્યાં એક કંપની નિષ્ફળ ગઈ ત્યાં બીજીને સફળ થવામાં કોઈ તકલીફ ન પડી !

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સાબુના એક પરદેશી ઉત્પાદકે આરબ દેશોમાં પોતાનું બજાર વિકસાવવાનું ઠરાવ્યું. ત્યાંના પ્રચાર માટે તેમણે પોસ્ટર છપાવ્યાં. એમાં એકની અડોઅડ બીજું, અને બીજાની અડોઅડ ત્રીજું એમ ત્રણ ચિત્રોની જાહેરાત તૈયાર કરાવી.
પહેલા ચિત્રમાં મેલાં થઈ ગયેલાં કપડાંનો ઢગલો બતાવ્યો. પછીના બીજા ચિત્રમાં એક ડોલમાં, પાણીમાં જે તે સાબુનો ભૂકો નાખી તેમાં મેલાં થયેલાં વસ્ત્રોને ડબોળતાં બતાવ્યાં. અને ત્રીજા ચિત્રમાં એ ડોલમાંથી બહાર કાઢેલાં ચોખ્ખાં ને ધોળાબંધ થયેલાં વસ્ત્રો બતાવ્યાં.
એ જાહેરાતનાં પોસ્ટર ઠેકઠેકાણે ચોંટાડાવ્યાં. ને તેના પરિણામની રાહ જોવા માંડી. પણ તે જોઈને, એ સાબુ ખરીદવા માટે કોઈ ગ્રાહક ફરક્યો જ નહિ ! તેમને વિસ્મય થયું ! આપણી આ જ જાહેરાત બીજા દેશોમાં ખૂબ સફળ નીવડી છે. સાબુની ખપત ખાસ્સી વધી છે. તો અહીં તે નિષ્ફળ કેમ ગઈ ? તેઓ એનાં કારણોમાં ઊંડા ઊતર્યા. ત્યારે એનું રહસ્ય ખુલ્લું થયું. આ તો આરબ દેશ છે. તેઓ અંગ્રેજી ભાષાની માફક ડાબેથી જમણી તરફ વાંચતા નથી; પણ તેમની પ્રણાલિ (ઉર્દુ) પ્રમાણે જમણેથી ડાબી તરફ નજર જતી હોય છે ! આરબોની ભાષાની લઢણ ખ્યાલ બહાર રહી જતાં, તે જાહેરાત નિષ્ફળ ગઈ.

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From book રસભર્યા કિસ્સાઓ બિઝનેસની દુનિયાના - Vanaraj Malavi

Source: readgujarati.com

The Wall Street Journal & India

The Wall Street Journal (Print Edition) has carried out their first page main story today on Mumbai !

http://online.wsj.com/public/article/SB119524399469296009.html

Number Game : India & China

"The market capitalisation of all the banks in India is less than half of the second-biggest bank in China,"
- India's largest private sector bank, ICICI Bank CEO K.V. Kamath said 06/13/07

"Together, the foursome(top four richest Indian) is worth more than the 40 richest Chinese combined."
- Forbes Magazine (11/14/07)

Oil and Gold are all set to fall freely

Too high, becomes unsustainable. Oil prices are at nearly $100 per barrel. Its concerns for most of the countries except Oil-producing countries. Breakingviews.com says in their latest (11/07) report. Ten reasons -
1. Amount of oil in storage tanks around the world is all-time-high at 4.2 bn barrels at the end of June this year.

2. BP said: Supply below ground is now 1.4 trillion barrels, up 12% in the past 10 years. That excludes estimated 1.7 trillions locked reserve in Venezuella.

3. Production pace is increased. There are 45% more oil rigs in service today than three years ago. These rigs are more productive too.


4. The cost of production : Royal Dutch Shell's lifting cost per barrel was about $9 in 2006 as per energy research firm John S. Herold. Extracting oil costs Saudi Aramco around $4 to $5 a barrel.

5. Iran Vs.US : US taking practical approach, and Iran can not cut down their Oil export as they highly depends on it. (50% of their GDP)

6.Consumption : US Oil consumption fell by 1.3% and worldwide it grew by 0.6% according to BP. Exxon Mobil cut its long term forecast for oil-consumption this week.

7. High prices are forcing governments to cut their subsidies. China increased oil prices by 10%. That should curb demand growth.

8. Energy from oil is costlier than from natural gas. Normally Oil is 6 to 10 times expensive than natural gas, it is 13 times now.

9. Dollar : Weak dollar is poor argument. Since 22 Aug dollar gone down 8% while oil went up by 40% since then.

10. Speculation is artificially boosting prices. Credit crunch last August shifted financial players to shift their bets to oil market from other markets.

And as a golden rule, when Oil and Gold prices go-together.. When oil will fall freely I am sure gold too will.

Pet in US bigger than 60% of nations !

The article in the latest The Epoch Times (NY) issue, they say US Pet Economy is larger than 60% of countries GDP.


Also it states, "One Ritz-Carlton hotel in Sarasota, Florida offers a $130 USD dog massage. For another $220 USD the pampered pup gets an in-room massage, nail polish or a nail buff, a gourmet meal of organic stew, gourmet dog biscuits, and designer water served on a silver tray. "

Young yet promising Indian Economy

"A BRIC report has forecast India's per capita income would touch US dollar 800 by 2010 and USD 1,149 by 2015. But we have exploded this assumption as our per capita income has already touched USD 1,000 this year and expect it to touch USD 4,000 by 2025," the FM Chidambaram said on 6th November, 2007. He was speaking after releasing a book titled We are Like That Only: Understanding the Logic of Consumer India , written by Rama Bijapurkar.

Interestingly he noticed (means read also) that assumptions on Indian cell phone market given in book had already been proved wrong by consumers.

"It has been said that India's cell phone usage will not double to 400 million users from 200 million very easily. This assumption has been blown to smithereens. We are adding 60 million users annually," the Finance Minister said. The prediction went wrong before book came to the market !


We.can.do.anything...

NRE Account Vs. NRO Account

Was puzzled by these terminology and had to search on net again..

Account Type	NRE	NRO
Currency	INR	INR
Purpose Of Account	NRE Accounts are used to hold overseas savings remitted to India after converting to INR	NRO Accounts are used to hold Indian income like rent, dividend etc.
Repatriation	Fully repatriable	Only interest on NRO account balance (after deducting TDS)
Types Of Account	Savings Bank Account Fixed Deposit Account	Savings Bank Account Fixed Deposit Account
Tax	Fully exempt	30% tax deducted at source
Local rupee funds	Not allowed	Can be deposited
Advantages	Rupee account with full repatriation	Account for local Deposits
Joint Holding Facility	Only with NRIs	Both with Resident/Non-Resident

*Source: TimesofMoney.com

Hotel, Potel, Motel, No-Tell.. Its Patel

While Keshubhai Patel opposing most-famous current Government of Gujarat, I would like to take time to put down a case study here about Patel(s)...

Just a single cast from Gujarat, is creating a huge competition in US Motel market. Intensity of the competition is so high so that American Hotel Owners are putting a big sign-board outside their motels that "American Owned Motel" ! Americans do not believe in racism but it seems that they dont have other option to survive into the business now !!

To see the depth of the outstanding performance of this story pls visit following links and I am sure its an {inte{r}esting} story !

Time Magazine says -
American Owned & Operated

BBC says this -
"Motel Patel" Theory

Times of India - Patels own so many motels so it better to term it as Potels
Following is the other story from TOI
Gujju Hotels reaches to 42% stack

American asking on net Why are they (patel) so successful in this industry? and a response from book "Patels: A Gujarati Community History in the United States"

My personal experience to add a cent here - till date wherever I stayed in a hotel/motel in US (at least 50 days stay) all of them were Indians except one (Weston in Sillicon Velley), among all Indians owned, except one(Granada Inn in Sillicon Velly is owned by a Punjabi) all rest were Patel.. At Las Vegas (Motel 6) I could not identify the owner. BTW I never selected any stay by selecting owner.

A Single Patel (Sardar) could restructure the shape of India taking power from 560+ Kings in a very short time is the other {inte{r}esting} story from a Patel.

Amazing Singapore !

Excerpts from an article of Economist October Issue

• Singapore is “a developed country that grows at developing-country rates,” as Robert Prior-Wandesforde, an economist at HSBC, puts it.

• Its development plans assume the population will grow from 4.7m now to 6.5m in 40-50 years' time, mostly by immigration. Many of the new immigrants come from India and China.

• Singapore still has plenty of green space it could build on. But the plan, says Lim Eng Hwee, a senior planning official, is to keep this and find other ways to accommodate the growth in population and new businesses. One is to continue reclaiming land from the sea. Since independence Singapore's land area has grown from under 600 square kilometres (230 square miles) to around 700. Mr Lim says it could be increased to about 760 sq km by closing gaps between Singapore's main island and lesser ones. But this might prompt more envious grumbles from Malaysia and from Indonesia, another close neighbour, which has become reluctant to sell Singapore sand for its reclamation projects. Like Malaysia, Indonesia feigns environmental concerns about them.