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Sunday, August 25, 2002

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EYE ON THE MARKET


Corporate disclosures: SEBI must go farther
THE Securities and Exchange Board of India must ensure that its new norms for corporate disclosures have more depth and are implemented over a shorter time period than that recommended by the Accounting Standard Committee of SEBI. A few key ... More

TAKING COUNT


MIP foreclosure: More pros than cons
HOW will the Government foot the bill relating to the shortfall in the UTI's monthly income plans? There are a few suggestions floating around. One of them is that the Government will make good the shortfall as and when the schemes mature. ... More

SIMPLE ECONOMICS


Dealing with in-the-money options
IF YOU hold in-the-money (ITM) options, should you exercise or sell them in the market? Let us suppose you bought the August 200 Satyam calls for Rs 8 per option when the stock was trading at Rs 193. As Satyam has since risen to Rs 216, the ... More

TAX TALK


Nil tax status, TDS and refunds
I AM a senior citizen enjoying a tax rebate of Rs 15,000 u/s 88B. My total taxable income 2002-03 is likely to be Rs 80,000. After the aforesaid rebate, my tax would, therefore, be NIL. Can I submit a Form 15H in respect of interest income ... More

Home loan and interest deductions
IF A withdrawal is made from the PF account of an individual for construction of a house, can the notional loss of interest on account of such withdrawal be claimed as a deduction in computing "Income from House Property"? K. ... More

SMALL INVESTOR


Cashing in on the future
LISTEN to this bit of logic: "I believe in myself so you've got to believe in me." But, then, the Chennai-based chartered accountant, Mr Manish G. Tibrewala, makes pretty strong and radical statements. Here is anther. "Not a single management ... More

IN FOCUS


Why is VSNL investment in Tata Tele on hold?
AT THE Annual General Meeting of Videsh Sanchar Nigam (VSNL) earlier this week, its Chairman, Mr Ratan Tata, hinted at the possibility of a merger of VSNL and Tata Teleservices sometime in the future. And this statement has actually revived the ... More

FD WATCH


Wheels India: For the short run
WHEELS India accepts deposits from the public under two schemes — fixed and cumulative. The fixed scheme offers 8.50 per cent for one year, 9 per cent for two years and 9.50 for three years. Interest will be paid at quarterly intervals. ... More

FUND WATCH


Canbank MF seeks income tilt
CANBANK Mutual Fund, which went through a difficult phase in the later half of the 1990s, has made a comeback of sorts with a focus on the debt market. Following the fairly impressive showing in Cangilt, its fund that invests in government ... More

AUTO FOCUS


Get set with Honda's motoscooter Dio
AFTER launching the Honda Activa, a runaway success, about a year back, Honda's Indian outfit is set to launch what it calls, a `motoscooter'. The new two-wheeler, called the Dio, will incorporate the aggressive form of a motorcycle with the ... More
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