The interest rates for SBI Home loan as on 29 aug 2011 Upto Rs. 30.00 lacs Linkage with Base Rate over the tenor of the loan – 0.75% above Base Rate Present Effective Rate – 10.75% p.a. Above Rs. 30.00 lacs and upto Rs. 75.00 lacs Linkage with Base Rate over the tenor of the loan – 1.00% above Base Rate Present Effective Rate – 11.00% p.a. Above Rs. 75.00 lacs Linkage with Base Rate over the tenor of the loan – 1.25% above Base Rate Present Effective Rate – 11.25%... Read More

Many comprehend that the price agreed by Microsoft, for Skype is double to what it is worth. Neverthless skype is sold for a whopping $8.5 Billion. Skype has exchanged ownership three times after launching in 2003. This is yet another example of how big corporates buy innovative ideas of common people and turn it into a profit generating venture. Small and inexperienced entrepreneurs find it difficult to take it to a level where it is worth a 100 times more. Youtube is the biggest example of undervaluation of wonderful ideas. Facebook owner Mark Zuckerberg in recent times has been the only intelligent person who did not sell his venture and took it to amazing heights, if sold was offered $897 million, today it is worth around $45... Read More

Elss funds are Equity linked Saving Scheme. Where the money you invests is put in equity markets while you get the tax benfits also. These funds have 3 year lock in period which is lowest for any tax saving instrument. We are listing top 10 ELSS saving scheme for Year ended 2010-2011 on basis of their average annualized returns for past three years 1.) Canera Robeco Equity Tax Saver : Annualized Return for past 3 years = 17.90% 2.) Fidelity Tax Adavantage : Annualized Return for past 3 years = 15.51% 3.) Hdfc Tax Saver : Annualized Return for past 3 years = 15.28% 4.) Icici Prudential Tax Plan : Annualized Return for past 3 years = 14.97 % 5.) Reliance Tax Saver : Annualized Return for past 3 years = 14.6% 6.) Sahara Tax Gain : Annualized Return for past 3 years = 14.10% 7.) Tauraus Tax Shield : Annualized Return for past 3 years = 14.07% 8.) Franklin India Tax shield : Annualized Return for past 3 years = 13.43% 9.) Hdfc Lt Advantage : Annualized Return for past 3 years =... Read More

The majority of the concern comes from the fact that the Arab nations are not supplying any oil. The OPEC nations constitutes 1.6 million barrel a day. That is the reason that oil prices have sky rocketed. Benchmark crude for May delivery was down 26 cents to $105.47 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added 78 cents to settle at $105.75 on Wednesday, the highest since Sept. 26,... Read More

State Bank of India (Sbi) India’s leading bank has launched a new service by which its customer can register complaint via sms. To register a complaint a user need to send following sms from his mobile phone. He has to type ‘UNHAPPY’ and send it to the mobile number 8008202020. After sending the sms customer will get a phone/sms reply back so that he can give feedback regarding any service of Sbi... Read More

Britain’s FTSE 100 rose 1.2 percent to 5,787.34. Germany’s DAX was up 2.3 percent to 6,814.44 and France’s CAC-40 rose by 1.8 percent to 6,814.87, buoyed by news over the weekend that Japan was making progress in its battle to control radiation leaks at a nuclear complex that was severely damaged in the country’s worst-ever earthquake. Oil prices soared to $103 per dollars, after the the situation in Libya got worse with Qadhafi promising a long war. The markets in Asia also did fine. Japan’s Nikkie index was closed for a public holiday. Even though news from People’s Bank of China will raise the bank reserve requirement ratio by half a percentage point on March 25 Hong Kong’s Hang Seng rose to 22,685.22, up by almost 1.7% . The hike, the third this year and intended to cool lending and inflation, did not rattle markets. Chinese property stocks listed in Hong Kong rose strongly, including China Overseas Land & Investment Ltd., up 3.8 percent, and China... Read More