HDFC Mutual Fund launched Fixed Maturity Plan 182 Days April 2011 (1) with face value of Rs. 10 per unit : open for subscription on 5 April and close for subscription on 7 April 2011.

HDFC Mutual Fund has launched a new fixed term fund named as HDFC Fixed Maturity Plan 182 Days April 2011 (1), under HDFC Fixed Maturity Plans - Series XVII, a close-ended income scheme. The duration of the scheme will be 182 days. The face value of the new issue will be Rs. 10 per unit. The new issue will open for subscription on 5 April and close for subscription on 7 April 2011.

The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.

The scheme shall offer two options - growth and dividend option.

The scheme would invest 60% to 100% of assets in debt & money market instruments including securitized debt. The scheme may invest up to 40% of net assets in government securities.

The minimum application amount is Rs. 5000 and in multiples of Rs. 10 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 1 crore under the scheme during the NFO period.

Entry and exit load charge will be nil for the scheme.

Benchmark Index will be CRISIL Liquid Fund Index.

The scheme will be managed by Mr. Bharat Pareek and Mr. Miten Lathia. 

src: indiaInfoline

Bangalore based Sonata Software today announced the launch of 'MilEdge', a car rental management system which is designed for medium and large car rental organisations and auto-leasing companies

MilEdge is a comprehensive web-based solution developed to support all stages of car rental operations, from front counter control to back office management, the company said in a release.

"MilEdge has been designed to provide quick and easy solution to the car rental businesses helping them streamline their operations, respond quickly to market fluctuations and grow their business faster," said Mahesh Shastry, Head-travel business, Sonata Software.

MilEdge comprises of modules from customer enquiry to vehicle purchase, fleet management, bookings, rental agreements, transfers, feet movement tracking and payments. The solution also supports handheld devices like PDAs for counter and operations users to track vehicle movements and fuel dispensing from in-house fuel stations.

Taurus Mutual Fund has launched Taurus Fixed Maturity Plan 367 Days Series C, a close-ended income scheme: new issue closes on 11th March

Taurus Mutual Fund has launched Taurus Fixed Maturity Plan 367 Days Series C, a close-ended income scheme.



The investment objective of the scheme is to generate income with
minimum volatility through investments in a portfolio of debt and money
market instruments maturing on or before the maturity of the scheme. The
tenor is 367 days.



The new issue closes on 11th March. The minimum investment amount is Rs5,000.



CRISIL Short Term Bond Fund Index is the benchmark index. Rahul Pal and Pankaj Jain are the fund managers.

What is variable life insurance plan (VLIP) and its difference with unit-linked insurance plan (ULIP ) , Advantage of VLIP and all about premium which combines investment and insurance

A variable life
insurance plan (VLIP) combines investment and
insurance, just like an unit-linked insurance plan (ULIP). Variable
life insurance schemes offer flexibility in the proportion of mortality
and savings components.

These plans
also offer more transparency, simplicity, quick liquidity, guaranteed
minimum returns, transparent charges and ample risk cover. This type of
life insurance allows you to participate in several investment options
simultaneously targeting your premiums to separate accounts.


Generally, the optional investment funds include stocks,
bonds, money market funds, equity funds, or a combination of them all.
Variable Life Insurance allows you to switch from one sub-account to
another.

You can also apply the
interest earned on these investments toward the premium, reducing the
amount you pay. In a departure from the ULIPs, the returns are declared
by insurance companies annually and are not linked to the stock market.


One part of the premium is
allocated to buy life insurance. The balance is invested in bonds or
equities. The premium amount cannot be altered in the course of the
policy, but the death benefit and savings element can be reviewed and
altered as the policyholder's circumstances change.


You can increase your insurance protection and decrease the
investment component, or vice versa. Another feature of this plan is
that it does not get automatically canceled if the policyholder fails
to pay the premiums as long as the premiums paid till date meet policy
requirements. Under the plans, the premiums paid by the holder, after
deduction of charges, will be credited to the account maintained
separately for each policyholder.


If all due premiums are paid, the amount held in the policyholder's
account will earn an annual interest which will be guaranteed for the
entire policy term. In addition to this guaranteed return, if all due
premiums are paid, the individual policyholder's account may earn an
additional return depending upon the experience under the plan.


There is an option to pay additional
(top-up) premiums without any increase in risk cover to the extent of
total basic premiums paid under the policy. The premiums can be paid
regularly at yearly, half-yearly, quarterly or monthly (through ECS mode
only) intervals over the term of the policy. The sum assured ranges
from 10 to 30 times the annualised premium, depending on age of entry.


There are two types of variable life
insurance plans - participating and non-participating. Participating
plans offer a guaranteed return, while nonparticipating plans offer an
annual bonus at the end of each financial year in addition to guaranteed
returns.

The minimum sum assured
is Rs 50,000 or 10 times the annualised premium, whichever is higher for
entry at the age below 45 years. After that age, the maximum is Rs
50,000 or seven times the annualised premium.


Top-up premium is allowed throughout the term. In case the
insured decides to increase his contribution through a onetime top-up, a
maximum of up to three percent charges may be deducted from the top-up.
The product also provides for loans up to 60 percent of the balance at a
specific rate of interest. 

src:ET

Sudar Garments Initial Public Offerings (IPO) fully subscribed: Stock Price, date, allocation, allotment, subscription, status and prospectus

The initial public offer (IPO) of Sudar Garments was subscribed 1.55
times. The issue closed on Thursday, 24 February 2011. The IPO received
bids for 1.41 crore shares compared with 90.88 lakh shares on offer.

Non
institutional investors portion was subscribed 4.47 times, while the
qualified institutional buyers and retail individual investors
categories were subscribed 0.17 times and 2.27 times, respectively.

The company had offered shares in the price band of Rs. 72-77. The issue constitutes 49% of the fully diluted post-issue paid up capital of the company.

The
proceeds of the issue will be used for expansion of the existing
apparel manufacturing unit at Khalapur in Maharashtra, working capital
requirement and setting up retail outlets and brand building. Besides,
Sudar Garments plans to develop in-house capabilities for its marketing
activities

Sudar makes garments for men, women and children for the export and domestic markets.

Get cheap tickets for world cup final 2011 at Wankhede Stadium, mumbai-India on April 2: Full ticket buying detials and price of South East Balcony, Upper East, North, North-East and Eat Stand for public

If you are hoping to turn lucky and buy one of the 1000 tickets that the Mumbai Cricket Association
(MCA) is going to make available online via a lottery, you'd better be
ready to cough up quite a sum besides counting on your stars to become
privileged to watch the 2011 World Cup final at the swanky Wankhede Stadium on April 2.

The online tickets will come at a cost of Rs 18,750 each for the upper tier of the South-East balcony. The seats for the East Upper Stand or the Sunil Gavaskar pavilion will cost Rs 12,500 each.


And even if you are ready to shell out the price, you will still have
to wait for your online application to be processed through a
computerized draw.

For the lesser privileged, the MCA will make 2000 tickets available through window sales, to begin a week before the final.

These are priced at Rs. 1,300, Rs. 3,300 and 7,000 and include the
state government's entertainment tax.The least priced tickets will be
for the North stand, Divecha pavilion and East lower stands,
respectively.

Over 500,000 ticket seekers had visited the when the online sales began resulting in the website's crash on Monday.
Now a new date and time will be announced for the sale via online lottery system.


The maddening rush on the Marine Drive too can be well imagined when
the window sales begin. And, if you are fortunate, then be assured of an
enjoyable experience , for any seat in the stadium is worth it's value
given the 360 degrees view under lights.

TICKETS TO WANKHEDE FOR PUBLIC

How Many: 3000

Where And When Available?

Online via lottery: 1000

Window Sales: 2000

Price (in rupees)

18,750 (South East Balcony)zx 12,500: Upper East Stand 7,000: North Stand 3,300: North-East Stand 1,300: East Stand Lower tier

LIC ULIP Samridhi Plus offers insurance protection, safety and growth with policy term of 10 years for 8 - 65 years age group and premium range and detials

Life Insurance Corporation
of India today launched 'Samridhi Plus'
under its unit linked portfolio offering insurance protection, safety
and growth.

Samridhi Plus safeguards policyholders' investment from market fluctuations, LIC said in a statement here.


Accident benefit option is also available under this plan that
will be equal to the life cover up to a maximum of Rs 50 lakh, subject
to certain conditions.

The policy term for the plan is fixed for 10 years, it said.

The minimum age at entry level for Samridhi Plus is 8 years while the maximum age is 65 years.


The minimum premium ranges from Rs 1500 (monthly - ECS) to Rs
30,000 (single premium) depending on the mode of payment while the
maximum is Rs 1 lakh per annum under any mode for the 5 year premium
paying term.

Fineotex Chemical Initial Public Offerings (IPO) fully subscribed: Stock Price, date, allocation, allotment, subscription, status and prospectus

Specialty chemical manufacturer Fineotex Chemical's (FCL) initial
public offering has subscribed 1.44 times on the last day, as per data
available on NSE.


The issue has received bids for more than 6 lakh shares as against issue size of 42,11,160 equity shares.


The price band was set at Rs 60-72 per equity share of face value of Rs 10 each.


Fineotex Chemical is in the business of manufacturing specialty
chemicals and enzymes consumed by the textile and garment industry,
leather, water treatment, construction, paper, paint, adhesives,
agrochemical and other industries.


The present issue is being made to raise funds more than Rs 30 crore
for setting up of a manufacturing facility for production of specialty
chemicals, setting up of sales office in Mumbai and meeting working
capital requirement, public issue expenses and general corporate
purpose.


FCL�s existing plant, with an installed capacity of 5,000 MT/annum,
is located at Mahape in Navi Mumbai. The company proposes to set up a
new manufacturing facility, at Khopoli in Maharashtra, for the
production of specialty chemicals and enzymes with a capacity of 13,125
MT/annum.



SRC: MC

The Bombay high court has allowed the Maharashtra Chamber of Housing Industry (MCHI) builders to deposit service tax collected from buyers of under construction structures directly in the court instead of putting the same in an escrow account.

Hearing a petition filed by the apex body of real estate developers,
the Bombay high court has allowed the builders to deposit service tax
collected from buyers of under construction structures directly in the
court instead of putting the same in an escrow account.

The service tax thus deposited in the high court would be refunded to
the members of Maharashtra Chambers of Housing Industry (MCHI) along
with accrued interest thereon if the decision goes in favour of the
builders who have challenged the levy of service tax imposed by the
union government.

The
division bench comprising justice J P Devdhar and Justice Mridula
Bhatkar ordered the relief in service tax case while hearing the writ
petition field by the MCHI against the Union Government of India on
February 18, 2011.

The
MCHI and other builders’ bodies challenged the constitutional validity
of the Finance Act 2010, seeking to amend the Finance Act 1994,
introducing an explanation to section 65 (105) (zzq) and 65 (105) (zzzh)
to introduce the Service Tax concept of ‘Deemed Service” for any
commercial or industrial construction of residential complex done prior
to obtaining completion certificate.

The
division bench of the Bombay High Court comprising Justice V C Daga and
Justice S J Kathawala admitted the petition filed by the MCHI and
others on July 23 and had granted interim stay until further hearing.

The
MCHI in its Writ Petition urged the honourable High Court to restrain
the respondents (Union of India and others) from any manner taking steps
against the members of MCHI in respect of the transactions for
constructions, development and sale of immovable property under the
various provisions of the Finance Act, 1994 and a new entry as amended
by the Finance Act 2010 in any manner.

President
of MCHI Mr. Sunil Mantri has stated that the centre and the state have
separate domains in respect of its taxing powers under the constitution.

The
state has the exclusive power to levy taxes on land and buildings in
terms of Entry 49 of List ii to the seventh schedule of the
constitution, by amending the provision to levy service tax on
transaction of sale of immovable property is seem to be
unconstitutional. 

Mr.
Mantri stated that the sale of an unit in the complex as per the
settled law of transfer of property is not a service. Accordingly sale
of the same by the builder should not be treated as a service since
service tax is levied ultimately on the property. This would be a tax on
transfer of immovable property only.

Mr.
Mantri is of opinion that such a levy will increase the cost of the
flat and ultimate buyer will have to bear the cost. The National Housing
and Habitat Policy 2007 envisage affordable housing for all. The
proposal to levy service tax irrespective of any kind of house (even EWS
or MIG) would run counter to the policy of the government.  

MCHI president Sunil
Mantri, in a statement, said the sale of a unit in a complex as per the
settled law of transfer of property is not a service. Accordingly, sale
of the same by the builder should not be treated as a service since
service tax is levied ultimately on the property. This would be a tax on
transfer of immovable property only.

Mantri opined that such a
levy will increase the cost of the flat and ultimately the buyer will
have to bear the cost. The National Housing and Habitat Policy 2007
envisages affordable housing for all. The proposal to levy service tax
irrespective of any kind of house (even EWS or MIG) would run counter to
the policy of the government.

Reliance Industries (RIL) may have to pay 30 per cent tax on the income accruing to it from the $7.2-billion deal with British firm BP. However, BP — the world’s fourth-largest energy company — will not be liable to pay tax to the Indian government on the deal, as it does not involve the transfer of shares.

Experts and tax officials that Business Standard spoke with said the
deal was different from some past deals such as Cairn-Vedanta and
Vodafone-Hutch, as it involved a transaction of assets. Therefore, RIL
will have to pay corporation tax on its business income. They are,
however, divided on whether RIL would have to pay capital gains tax on
the deal.

“RIL is selling something and BP is buying something. So, it is not a
case of international taxation and BP will not have to pay any tax. RIL
is not selling a controlling interest, but only a share in their
blocks. RIL’s books of accounts will have to be seen to figure out if
there are any capital gains to RIL on giving BP a stake in those blocks.
Also, it will have to be seen whether these blocks are treated as
capital assets or something else,” said a finance ministry official, who
did not wish to be identified.

On Monday, BP had announced it would buy 30 per cent in 23 of RIL’s
oil & gas blocks, which including KG-D6 off the east coast. The two
also agreed to future performance payments of up to $1.8 billion and a
50:50 joint venture to source and market gas, which could take the total
investment to $20 billion.

RIL did not respond to an e-mail query on the matter. “This is an
asset deal and not a share transaction like Cairn-Vedanta. So, the
income will accrue to RIL, but the actual tax liability would depend
upon its corporate tax position (its losses). Besides that, there will
be capital gains tax of 20 per cent with indexation. So, the effective
tax liability may be just 20 per cent,” said Gokul Chaudhuri, a partner
with BMR Advisors.

Any exploration cost not written off for tax purposes provides an
offset in the computation. As regards the balance receipt, the asset,
having been held for over three years, is expected to qualify as long
term and, hence, attract concessional rate of capital gains tax.

A tax expert, on the other hand, said there would be no capital gains
tax in this case because the transaction is guided by a specific
provision under Section 42 (2) of the Income-Tax Act. “This is a farm-in
transaction for BP and farm-out for RIL. Whatever consideration is
received, the total exploration expenditure is reduced from that for tax
purposes. The remaining exploration cost is not allowed. It has already
claimed some expenditure,” said the tax expert.

In the past, the income-tax department has raised a tax demand in
several cross-border transactions. It has been involved in a legal
battle with Vodafone for its acquisition of Hong Kong’s Hutchison
Telecommunications stake in Hutch Essar for over $11 billion in 2007. It
is also examining various cross-border mergers & acquisitions,
including deals by Vodafone, Genpact, Barclays, Intelnet, Sanofi and
AT&T, to understand their tax implications.

Power Finance Corporation (PFC) declared the launch of its income tax saving infrastructure bond today with the offering set to raise Rs 5300 crore, the biggest among all recent bond issuances

Excerpts from India Business Hour on CNBC-TV18 Watch the full show »

Power Finance Corporation (PFC) declared the
launch of its income tax saving infrastructure bond today with the
offering set to raise Rs 5300 crore, the biggest among all recent bond
issuances.


The bond will be issued in one or two tranches and will have a face value of Rs 5000.


Satnam Singh, CMD, Power Finance Corporation, said, “The rate of
interest for 10 year tenure, annual and cumulative, is 8.3% and for 15
year tenure, annual plus cumulative is 8.5% with a lock in period of 5
years. That means investors have the choice to buy back, they can offer
it back to us after 5 years."

src: MC

HCA Holdings Inc. , a hospital chain based in Nashville, Tennessee, plans to sell stock valued at as much as $4.28 billion in what would be the largest U.S. private-equity-backed Initial Public Offerings (IPO) Stock Price, date, allocation, allotment, subscription, status and prospectus

HCA Holdings Inc., a hospital chain,
plans to sell stock valued at as much as $4.28 billion in what
would be the largest U.S. private-equity-backed initial public
offering on record.


HCA, based in Nashville, Tennessee, will offer as many as
142.6 million shares at $27 to $30 each, according to a filing
today. The company aims to sell 87.7 million shares and its
owners are offering 36.3 million. Underwriters have the option
to purchase an additional 18.6 million shares.


HCA was taken private five years ago in a $33 billion
leveraged buyout. Now the owners, including KKR & Co., Bain
Capital LLC and Bank of America Corp., are attempting to exploit
a “relatively favorable market environment” for U.S. private
equity offerings after the $2.9 billion stock sale this month by
Kinder Morgan Inc., an energy pipeline company, said Josef Schuster, founder of IPOX Schuster LLC in Chicago. HCA may be
‘pushing the envelope,” Schuster said.


“They’re seeking to take advantage of a perceived window
of opportunity, but they are going to have some trouble pricing
towards the high end,” Schuster said in a telephone interview.
“I would be surprised if everyone jumps in on this deal.”


The IPO of Houston-based Kinder Morgan, selling 95.5
million shares at $30 each, raised 23 percent more money than
the company originally sought. Kinder Morgan represents the
biggest completed private-equity-backed IPO. Nielsen Holdings
NV, a New York-based provider of information and analytics,
raised $1.6 billion in January.


HCA plans to list on the New York Stock Exchange and trade
under the symbol “HCA.” HCA Holdings is the parent company, as
of last November, of HCA Inc.

The HCA headquarters. Photographer: Harrison McClary/ Bloomberg

No Dividend

The private-equity owners are selling 24 percent of the
company, a bigger portion than at Kinder Morgan or Nielsen,
Schuster said. HCA isn’t offering a dividend and is basing its
value on the company’s earnings strength and not revenue growth,
he said.


“So it’s neither a growth nor a value stock,” Schuster
said.


The hospital operator is trying to go public less than four
months after taking on new debt to pay its owners a $2 billion
dividend. In 2010, the owners paid themselves a total of about
$4.3 billion in dividends.


The private equity investors put up about $5.3 billion to
buy the company, according to a regulatory filing, funding the
rest with loans from banks, including Charlotte, North Carolina-
based Bank of America; and JPMorgan Chase & Co. and Citigroup
Inc., both in New York. Those three banks will be the lead
underwriters on the planned offering.


“This will be a good test of the market to see if it can
take an offering this large,” said Les Funtleyder, an analyst
at Miller Tabak & Co. in New York. “If HCA is successful,
you’ll probably see a lot more offerings after that.”

May Filing

HCA had $30.7 billion in revenue last year and net income
of $1.57 billion, according to the filing.


The company first filed for a public offering in May, and
reapplied in December after selling $1.53 billion of 10.5-year
notes to help pay for the dividend. In the May filing, the
company said it planned to raise $4.6 billion and use $2.5
billion in net proceeds to the HCA treasury to repay debt.


HCA operated 164 hospitals and 106 freestanding surgery
centers as of Dec. 31, according to a filing.


The original HCA was founded as Hospital Corp. of America
in 1968, when a Nashville physician named Thomas Frist Sr.; his
son, Thomas Frist Jr.; and Jack Massey built a hospital and
formed one of the first hospital companies in the U.S. Thomas
Frist Sr. is also the father of Bill Frist, a physician and a Tennessee Republican who is a former U.S. Senate majority
leader.



src:  bloomberg

Ford Figo Best “Indian Car Of The Year 2011”‎ critics and user reviews,specifications, specs, mileage, on road price ,cost of Diesel and Petrol Model in India with interior and exterior pictures and photos

The Ford Figo has won the title of "Indian Car of the Year 2011". The finalists for the ICOTY category this year were Chevrolet Beat, Ford Figo, Maruti Suzuki Wagon R, Nissan Micra, Skoda Yeti, Tata Aria, Volkswagen Polo and Volkswagen Vento, along with this Figo was awarded the following Awards at the Bloomberg UTV Autocar Awards:

• ‘Value for Money Car 2011′


• ‘Premium Compact Car’


• ‘Viewers Choice – Car of the Year 2011′. 

The Figo has been in the limelight this year and this is clearly visible in the kind of sales figures the company has seen. Ford India has already sold 60,000 units of the Figo since its launch in March 2010. In addition to recognizing the Figo’s virtues, Ford India has been named “Manufacturer of the Year 2011″ for its innovative practices in manufacturing and engineering excellence.

Ford Figo Critics rating:

• "Figo has the potential to be a success for Ford with competitive
  pricing," commented Adil Jal Darukhanwala of the Economic
  Times-ZigWheels, following a stint behind the wheel.


• Shapur Kotwal, Indian editor for Auto Car, was extremely pleased with
  the driving dynamics offered in both diesel and petrol versions
  commenting "…Ford has done a superb job on front end design and in the
  choice of tyres for Figo. With competitive pricing, the 1.4 diesel
  engine can work very well for Ford in India."

FORD FIGO FEATURE HIGHLIGHT

 

.

 Ford Figo Review by team-bhp

The Ford Figo was launched in India at a price of 3.49 - 5.29 Lakh (ex-Delhi).





What you'll like about the Figo:




• Robust build and construction


• Interiors more comfortable than chief competitors i10 & Swift


• 1.4 Diesel's proven driveability and fuel efficiency. No turbolag


• The Ford Figo's mature big-car-like ride quality


• Ford's DNA in the on-road behaviour and quick steering


• Class-topping 284 liter boot space



What you won't:




• Lacks the modernity of recently launched hatchbacks


• Both of the engines in the Figo are lacking in outright performance. Neither engine can exploit the car's dynamics


• No true top-end variant (tilt adjustable steering, rear power windows, MID etc.)


• Average backseat legroom. Not in the league of, say, an Indica Vista


• Ford's sub-par dealership experience



Reported Fuel efficiency (Mileage):




• 1.2 Petrol : 11.2 (City) / 15.8 (Highway)


• 1.4 Diesel : 14.4 (City) / 18.5 (Highway)

Ford Figo User Review:

• Look and Style : Very nice, good looking
  
  
  Comfort : Very good,hight not compert,back seat is not comforteble,and suddenbraeke applyed seat come forword in front side.
  
  
  Pickup : is very good, its suddenpicup
  
  
  Mileage : on city roads not elgble,highways is the best in class
  
  
  Best Features : Verry good, nice
  
  
  Needs to improve : Its very needs figo is ground claerence upgrade must,injon noise.
  
  

• 
  
  A clear winner among hatch backs
  
  Earlier last 4 months i was surfing and test driving on what car to choose my budget is max 7 Lakhs and according to my usage patten and raising fuel price decided to settle with a diesel.
  
  
  
  I 20 is above my budget and it has more buzz than what i expected
  
  
  Swift long wait period and same old design seems the new 2011 model is also not much different
  
  
   FIGO sounds good and i like the classy look and waste interior space
  
  
  PUNTO got impressed with the test drive on the 90 HP wow but the price is much higher than my budget moreover the service of TATA you know better
  
  
  I didnt own a FIGO But decided to bring home the FIGO Diesel Titanium ony Feb 2011
  
  

• 
  
  
  Comparision between EXI and ZXI versions of FORD FIGO DIESEL..CAR  : ZXI has additional bluetooth facility on Stereo, Wiper on back,motorised mirror and defoger.


•  Think Twice Before Buying:
  
  
  
  Pros : Cheap price for the features, good pick-up till 80 KMPH
  
  
  
  
  
  Cons : Very weak skin, lots of engine trouble, electronic trouble, very poor mileage, low power
  
  
  
  
  
  Description :
  
  The car
  has acceptable pick-up in city limits. AC is good. Engine is also
  performing decently. And upto 100KMPH it feels good. Once you are in
  clear highway and you want open up this is not the ride for you.
  
  
  The real problem is car's electronics. I had trouble with starting and VSS(vehicle speed sensor). The skin sheathing is of very poor quality thus low safety. Mileage is very poor. My car has done 5K only and we hear lots of noises through out the body. The road clearance is very low and I doubt the claimed 160MM very much. I get rubbing sound on small rumble strips only with me driving. In my personal opinion it is not value for money.
  
  
  I must say some thing here that the help desk personnel are extremly
  good and I personally think they must be the best available in India.
  
  
  
  
  

• Good Value for Money :
  
  
  Pros : new looks ,ford engine,better milage wt power
  
  
  
  
  
  Cons : gear shift not smooth
  
  
  
  
  
  Description :
  
  Look and Style :good style,front and back great design with muscular curves side view not much ok,back side looks like BMW x6
  
  
  Comfort : rear sittng very spaceous
  
  
  Pickup : very good in 1 st 3 rd gear
  
  
  Mileage : 17 average
  
  
  Best Features : acce;eration in 3 rd a 4 th gear and manurability
  
  
  Needs to improve : stoping and full sterring of wheel gives a noise at the end,which u fill at t steering
  
  
  Overall Experience : good value for money
  
  
  
  
  

Ford Figo Interiors and Exteriors:
 

Ford Figo on road Pricing /Cost in India:

Ford has priced the Figo on par with its
rivals with the base petrol 1.2 LXI retailing at Rs 4.12lakh (on-road
Mumbai), rising up to Rs 5.20lakh for the top-end Titanium variant. The
diesel Figo prices start at Rs 5.23lakh for the base 1.4 LXI, with the
top-of-the-line Titanium variant going up to Rs 6.20lakh. The hot hatch
also comes with a two year warranty. So there’s lots of promise here.

FORD FIGO Specifications(specs)
Price	Rs 4.12-6.20 lakh On-road price Mumbai
Length	3795mm
Width	1680mm
Height	1427mm
Wheel Base	2489mm
ENGINE
Fuel	Petrol / Diesel
Installation	Front, Transverse
Type	4-cylinder in-line
Bore/stroke	70.6/76.5mm, 73/82mm
Compression ratio	9.75 / 18:1
Power	70bhp @ 6250rpm / 68bhp @ 4000rpm
Torque	10.4kgm @ 4000rpm / 16.3kgm @ 2000rpm
Gearbox	5-speed manual
Tyres	175/65/R14
Brakes (f/r)	Ventilated discs/drums

Ford Figo Comparison with other Hatchback Cars launched in India:

Some Other points relevant to Ford Figo :

• Standard warranty = 2 years / 100,000 kms.


• Interestingly, Ford will give Figo customers the option of a 5 year
extended service plan. It will cover all consumables & labour for 60
months / 100,000 kms. Branded as the “Ford Scheduled Service Plan”.
Note that this plan does not cover wear & tear items (clutch, brake
pads), tyres or mechanical / electrical failures.


• Ford’s absence from the Auto Expo (Mid-January 2010) is inexplicable. I
mean, what better opportunity to showcase your new small car to the
masses in person?


• Service interval = 10,000 kms.


• Fuel tank capacity = 45 liters. Low fuel indicator goes on when distance to empty is less than 80 kms.


• Kerb weights : 1040 (Petrol) and 1090 (Diesel).


• Light controls, chuckable nature and good low end response (either
engine) makes the Figo well suited to the city. Turning radius = 4.9
meters.


• Ford claims that the petrol fuel filter has a life of 60,000 kms (same
for diesel is 30,000 kms). Timing belt change at 1,20,000 kms. Engine
coolant life is 1,00,000 kms. Factory fill transmission oil will last
the lifetime of the vehicle.



• Doors lock automatically once the speedo crosses 7 kph.


• Under an emergency braking condition (at 60 mph / 96 kph and above),
the parking lights will automatically start blinking to warn traffic at
the back.


• Lane change indicators are useful, especially on the expressway /
highway. Simply tap the indicator stalk and the turn indicator blinks 3 -
4 times only. No need to push the indicator back into place after
completing your lane change manoeuvre.


• Ford has
111 dealers spanning India at the moment. This number has increased by
about a third in the recent past. 7 more expected soon.


• Pricing strategy has become even more important after Chevy set the
cat amongst the pigeons with the Beat’s VFM price tag! Note to Ford :
Price it right from day one. Don’t go the Escort / Fiesta way where you
start high, then massively discount, bring in special editions one after
another and dilute the brand.


• Reason for the chiller air-conditioner = A 154 cc compressor (some
hatches use 80 – 90 cc compressors). I did feel that the diesel’s
air-conditioner is punchier than the petrols.


• Low stance may make ingress / egress inconvenient to the elderly (relative to tallboy hatchbacks).


• Like most other European cars, the front seats have a long travel range. Useful.


• 1.4 TDCi = completely take your foot off the accelerator in 3rd gear,
and the car will chug along happily at 22 kph. Slot the car in 4th gear
at 40 kph and it still doesn’t labour. No vibrations at all.


• Even though the interiors are all black, it’s certainly not as gloomy
as the Beat. Reason? The generous glass area. Even at the back, you have
the large windows as well as the quarter glasses bringing light in.


• If it matters, you can wheel spin away to glory in the 1.2. We tried


• Ford equips the Figo with starter crank protection. When the engine is running, the key will not move further.


• Official ARAI fuel efficiency numbers are 15.6 kpl (petrol) and 20.0 kpl (diesel).


• The same team that worked on the Fiesta 1.6S and Ikon Diesel has been in charge of the Figo.


• Control stalks (wiper, turn indicator) don’t have a satisfactory feel. Their operation is more rubbery than positive.


• Ford’s pumped $500 million into the Chennai plant and has expanded
capacity to 200,000 units per year. It’s all about the numbers really.
The upgraded Chennai plant will also serve as an export hub to serve the
needs of Asia-Pacific & Africa.


• The Figo starts with a 75% (approximate) level of localisation.


• If you shut both the center air-con vents, irrespective of whether the
side vents are open or not, they make a whistling sound.


• It’s been a long time coming, and no better opportunity Ford. With
your hatch now running a 1.4 liter diesel, time to upgrade the Fiesta
diesel to a 1.6? Or will it happen only when the all new Fiesta arrives
in India (expected toward the end of 2010).


• The 1.4 TDCi engine weighs only 98 kilos.


• All gauges are backlight in red colour.


• Bluetooth pairing with your cell phone. Can redial, read your phone book and recent calls.


• Where’s the Automatic transmission, Ford? Explore that USP. There is a ready market for automatic hatchbacks, especially those powered by a diesel engine.


• When I saw the dash colour, I went “What was Ford thinking”? You’d
actually have to try to choose a worse colour. The negative impact is 3X
when matched to the green exterior shade. Absolute Gujju (Note, I am a
Gujarati myself). A single positive of the clay red dash is that there
is no dashboard reflection.


• The 1.4 TDCi Figo does everything that you would expect of a B segment
diesel hatch. The steering & mature road behaviour are a bonus.
Importantly, the Figo diesel does not have any single major flaw. The
1.2L is less impressive, for obvious reasons.

at Last What is Figo???????

Figo means “cool” in Italian.............

Midvalley Entertainment Ltd, a Chennai-based multinational Media & Entertainment company, plans to raise Rs 60 crore through an initial public offer (IPO). The price band for the issue has been fixed at Rs 64-Rs 70 per equity share of face value, Rs. 10 each. The issue will be open from 10 January to 12 January 2011.

Midvalley Entertainment Ltd, a Chennai-based multinational Media &
Entertainment company, plans to raise Rs 60 crore through an initial
public offer (IPO).

Midvalley Entertainment Ltd, a Chennai-based multinational Media
& Entertainment company, plans to raise Rs 60 crore through an
initial public offer (IPO). The price band for the issue has been fixed
at Rs 64-Rs 70 per equity share of face value, Rs. 10 each. The issue
will be open from 10 January to 12 January 2011.




Further Details Of IPO

- Minimum Quantity: 95 Shares (Rs. 6650 with 1 Lot)

- Maximum Quantity (1 Lakh Application): 1425 Shares (Rs. 99750 with 15 Lot)

- Maximum Quantity (2 Lakh Application): 2850 Shares (Rs. 199500 with 30 Lot)



The equity shares of the company are proposed to list on the Bombay Stock Exchange and National Stock Exchange. Aryaman Financial Services Ltd. is the Book Running Lead Manager to the IPO.

Diamond jewellery player C Mahendra Exports IPO opened for subscription at a price band set at Rs 95-110 for a minium of 60 equity shares and in multiples of 60 shares and will close on January 06, 2011

The initial
public offering of diamond jewellery player C Mahendra Exports has
opened for subscription today. A price band is set at Rs 95-110 a share
for its initial public offering (IPO) of 150 lakh equity shares.

The issue will close for subscription on
January 06, 2011. Bids can be made for a minium of 60 equity shares and
in multiples of 60 shares thereafter.

The issue will constitute 25% of the
fully diluted post issue paid-up equity share capital of the company.
Equity shares issue via public issue are proposed to be listed on Bombay
Stock Exchange and National Stock Exchange.

Group is an integrated diamond and
diamond jewellery player encompassing sourcing of rough diamonds,
trading of rough and polished diamonds, processing of diamonds and
manufacture of diamond jewellery.

Issue proceeds will be used for setting
up of a diamond processing unit at Gujarat Hira Bourse, SEZ,
Ichchhapore, Surat; setting up a jewellery manufacturing unit at Mumbai;
setting up retail outlets; brand development expenses and investment in
capital of C Mahendra BVBA.

Anand Rathi Advisors Limited and YES Bank Limited are book running lead managers to the issue.




src:MC

Shekhawati Poly-Yarn IPO closed for subscription on Wednesday, December 29 Know allocation, allotment, subscription, status and prospectus

The initial
public offer (IPO) of textile firm Shekhawati Poly-Yarn closed for
subscription on Wednesday, December 29. The issue has been subscribed
10.4 times so far, as per information provided by its registrar Sharex
Dynamic (India) Pvt Ltd.

It has received bids for 12,47,93,770
equity shares as against issue size of 1.2 crore equity shares. The
company has collected Rs 374.38 crore at issue price of Rs 30 a share as
against its IPO size of Rs 36 crore.

Since it was a fixed price issue, hence
 the complete information about the subscription will be disclosed by
next week, the registrar says.

The company has received 22,226
applications for its IPO in total, including 5,792 through ASBA. 7,883
applications through HDFC Bank and the rest 8,551 via IndusInd Bank.

The issue will constitute 54.54% of the fully diluted post issue equity share capital of the company.

Shekhawati is presently engaged in
manufacturing of texturised and twisted yarn. Now it proposes to
commence manufacturing of Knitted Fabric from Texturised Yarn, being one
of the objects of the proposed public issue.

Issue proceeds are proposed to be used
for buying 30 new twisting machines and installation of 30 new knitting
machines; buying corporate office at an estimated cost of Rs 325 lakh
and working capital requirements.

After this expansion, the company will
have 35 machines for twisting yarn with a capacity of 4,620 MTPA, 30
machines for knitting yarn with 1,980 MTPA and 20 for texturising yean
with capacity of 27,400 MTPA.

Hem Securities Limited is the book running lead manager to the issue.

Tata Autocomp Systems Ltd files for IPO to raise up to Rs 750 crore ($167.4 mn) has appointed Tata Capital Markets Ltd, JM Financial Consultants Pvt Ltd, and JP Morgan India Pvt Ltd as managers for the sale

Tata Autocomp files for IPO to raise up to $167.4 mn Tata Autocomp
Systems Ltd, an auto parts maker, has filed for an initial public
offering in addition to a fresh issue in order to raise around Rs 750
crore ($167.4 million).

As per the red hearing prospectus, shareholding
companies, Tata Motors, Tata Industries and Tata Capital Ltd, and Tata
Sons, will together sell nearly 35.63 million shares in the company.




The
company, part of the diversified Tata conglomerate, has appointed Tata
Capital Markets Ltd, JM Financial Consultants Pvt Ltd, and JP Morgan
India Pvt Ltd as managers for the sale.The issue will comprise of around
25% of the fully diluted post issue paid up capital of the firm.

Infrastructure firm Abhijeet Group's Initial Public Offerings (IPO) Stock Price, date, allocation, allotment, subscription, status and prospectus

Nagpur-based
infrastructure firm Abhijeet Group plans to raise
about Rs 1,500 crore fresh equity through an initial public offering to
part finance its expansion plans including those in power sector.


It would file the draft papers in this
regard with Securities and Exchange Board of India
(SEBI) this month.

"We are planning
to hit the market in April, next year...file the papers with
SEBI by the end of this month and expecting to raise about Rs
1500 crore," Abhishek Jayaswal, MD, Abhijeet Group said in a telephonic
interview.

The company which funds its projects at a debt equity ratio of 80:20 has tied up loans from Axis Bank , SBI , Punjab National Bank , Rural Electrification Corp and Power Finance Corp.


The company recently signed a $2.5 billion deal with the
Chinese power equipment maker DongFang for sourcing equipment for its
power projects.

"We have signed a
BTG (boiler, turbine, generator) and EPC (engineering, procurement,
construction) contract for our thermal power projects in Bihar,
Jharkhand and Madhya Pradesh with DongFang," Jayaswal said.

The proceeds from the IPO would also be used to finance this deal with the Chinese firm.


At present the company has a power generation capacity of the
company of 100 MW with its projects in West Bengal and Maharashtra.


It plans to increased this capacity to 300 MW by the end of the current financial year.

"We would have a capacity of 300 MW by March, 2011," Jayaswal said.

The Nagar based Group has interest in core sectors such as power, mining, roads, steel etc.


Dongfang Electric Corporation Limited is a Chinese
Government holding company specialising in power equipment
manufacturing.

It also focuses on
worldwide power projects, contracting for thermal, hydro, nuclear, wind,
solar, gas turbine, and combined cycle power plants. 

src:ET

New Year Discount 40% on Sony Handycams and Cyber-Shot with free 4 GB memory stick and a carrying case

New Year 2010 is just outdoor and to welcome 2010 with great zeal, Sony India announces a new promotional offers on several products.

The company is said to begin its year 2010 with a price drop in the Handycam and Cyber-shot range alongside the launch of a new Walkman with Speakers. In addition, users can take home a new portable PSP 3004 by sharing their special walkman experience.

The limited New Year offer will let users avail a discount of 40 percent on Sony Handycams while DCR-SX40 and DCR-SX60 and DCR-DVD650 are now priced at Rs. 14,990, Rs. 16,990, and Rs. 12,990 respectively.

The Cyber-Shot DSC-S930 earlier priced at Rs. 7,990, will now be available only for Rs. 6,990. Well, Sony will also let users take home a 4GB memory stick and a carrying-case for free. Dressed in Lovely Pink and Bold Black colors, this Sony device is attractively priced at Rs.7,990.

Users can now clutch their favorite devices by taking advantage of these offers.

src: techgadgets