BSE SENSEX The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called the BSE 30 or simply the SENSEX , is a free-float market capitalization-weighted stock market index of 30 well-established and financially sound companies listed on BSE Ltd. The 30 component companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The base value of the S&P BSE SENSEX is taken as 100 on 1 April 1979, and its base year as 1978–79 . On 25 July 2001 BSE launched DOLLEX-30 , a dollar-linked version of S&P BSE SENSEX. As of 21 April 2011, the market capitalisation of S&P BSE SENSEX was about 29,733 billion (US$511 billion) (47.68% of market capitalisation of BSE), while its free-float market capitalisation was 15,690 billion (US$270 billion). Components The BSE Sensex currently consists of the following 30 major Indian companies as of 17 February 2012. # Company Industry Scrip 1 Housing Development Finance Corporation Consumer finance 500010
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During 2007 and 2008, Maruti Suzuki sold 764,842 cars, of which 53,024 were exported. In
all, over six million Maruti Suzuki cars are on Indian roads since the first car was rolled out
on 14 December 1983. Maruti Suzuki offers 15 models, Maruti 800, Alto, Maruti Alto
800,WagonR, Estilo, A-star, Ritz, Swift, Swift DZire, SX4, Omni, Eeco, Gypsy, Grand
Vitara, Kizashi and the newly launched Ertiga. Swift, Swift DZire, A-star and SX4 are
manufactured in Manesar, Grand Vitara and Kizashi are imported from Japan as completely
built units(CBU), remaining all models are manufactured in Maruti Suzuki's Gurgaon Plant.[citation needed] The company is believed to be moving towards introduction of a new version of
Maruti 800 by November 2012, which will be more fuel efficient, though slightly costlier
than Alto and existing Maruti 800. The Suzuki Motor Corporation, Maruti's main
stakeholder, is a global leader in mini and compact cars for three decades. Suzuki’s strategy
is to utillise light-weight, compact engines with stronger power, fuel-efficiency and
performance capabilities. Nearly 75,000 people are employed directly by Maruti Suzuki and
its partners. It has been rated first in customer satisfaction among all car makers in India from
1999 to 2009 by J D Power Asia Pacific. [13] Maruti Suzuki will be introducing new 800 cc
model by Diwali in 2012.The model is supposed to be fuel efficient, hence more expensive.
Joint venture related issues
Relationship between the Government of India, under the United Front (India) coalition
and Suzuki Motor Corporation over the joint venturewas a point of heated debate in the
Indian media until Suzuki Motor Corporation gained the controlling stake. This highly
profitable joint venture that had a near monopolistic trade in the Indian automobile
market and the nature of the partnership built up till then was the underlying reason for most
issues. The success of the joint venture led Suzuki to increase its equity from 26% to 40% in
1987, and further to 50% in 1992. In 1982 both the venture partners had entered into an
agreement to nominate their candidate for the post of Managing Director and every Managing
Director will have a tenure of five years
R.C. Bhargava was the initial managing director of the company since the inception of the
joint venture. Till today he is regarded as instrumental for the success of Maruti Suzuki.
Joining in 1982 he held several key positions in the company before heading the company as
Managing Director. Currently he is on the Board of Directors. After completing his five-year
tenure, Mr. Bhargava later assumed the office of Part-Time Chairman. The Government
business advantage of being subsidised by the Government, and the union has better
protection while the company remains in control of the government.
The standoff between the union and the management continued through 2001. The
management refused union demands citing increased competition and lower margins. The
central government prevailed and privatized Maruti in 2002. Suzuki became the majority
owner of Maruti Udyog Limited.
Manesar violence July 2012
On 18 July 2012, Maruti's Manesar plant was hit by violence as workers at one of its auto
factories attacked supervisors and started a fire that killed a company official and injured 100
managers, including two Japanese expatriates. The violent mob also injured nine policemen.[25][26] The company's General Manager of Human Resources had both arms and legs broken
by his attackers, unable to leave the building that was set ablaze, and was charred to death.
The incident is the worst-ever for Suzuki since the company began operations in India in
1983.
Since April 2012, the Manesar union had demanded a three-fold increase in basic salary, a
monthly conveyance allowance of 10,000, a laundry allowance of 3,000, a gift with every
new car launch, and a house for every worker who wants one or cheaper home loans for those
who want to build their own houses.Initial reports claimed wage dispute and a union
spokesman alleged the incident may be caste-related. According to the Maruti Suzuki
Workers Union a supervisor had abused and made discriminatory comments to a low-caste
worker. These claims were denied by the company and the police. The supervisor alleged was
found to belong to a tribal heritage and outside of Hindu caste system; further, the numerous
workers involved in violence were not affiliated with caste either. Maruti said the unrest
began, not over wage discussions, but after the workers' union demanded the reinstatement of
a worker who had been suspended for beating a supervisor. The workers claim harsh working
conditions and extensive hiring of low-paid contract workers which are paid about $126 a
month, about half the minimum wage of permanent employees. Maruti employees currently
earn allowances in addition to their base wage. Company executives denied harsh conditions
and claim they hired entry-level workers on contracts and made them permanent as they
gained experience. It was also claimed that bouncers were deployed by the company.
13.Maruti Ertiga(Launched 2012), seven seater MPV R3 designed and developed in
India, will compete with Toyota Innova, Mahindra Xylo, and Tata Sumo Grande.[46] In early 2012, Suzuki Ertiga will be exported first to Indonesia in Completely
Knock Down car.[47]
14.Maruti XA Alpha based compact SUV to compete with the Ford EcoSport & Renault
Duster will be launched in the year 2014
15.Maruti Alto 800(Launched 2012), Maruti Alto 800 is finally out with a price tag of
Rs.2.44 lakh (ex-showroom New Delhi). Maruti has rolled out three standard
variants-Alto 800 Base, Alto 800 LX and Alto 800 LXi and three CNG variants -Alto
800 CNG Base,Alto 800 CNG LX and Alto 800 CNG LXi.[48] The 0.8 litre of petrol
engine is very fuel efficient and pushes the car to produce high class mileage of 17 to
22 km per litre. The 45.7BHP of peak power produced by the engine is also
successful on road by delivering top-notch performance.[49]
is an Indian multinational automobile manufacturing corporation headquartered in Mumbai,
Maharashtra, India. It is one of the largest vehicle manufacturers by production in
the Republic of India. It is a part of Mahindra Group, an Indian conglomerate. The company
was founded in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra
andJ.C. Mahindra and Malik Ghulam Mohammed.[3] After India
gained independence and Pakistan was formed, Mohammed emigrated to Pakistan. The
company changed its name to Mahindra & Mahindra in 1948.[4] It is ranked #21 in the list of
top companies of India inFortune India 500 in 2011.[5]
Major competitors in the Indian market include Maruti Motors (a 60% owned subsidiary
of Suzuki Motors from Japan), Tata Motors(fully owned by Tata Sons; Owner of
British Jaguar Land Rover), Toyota, Hyundai, Mercedes-Benz (Merc) (Based in Poona,
Maharastra in India; A subsidiary of Daimler AG from Germany) and others
History
Mahindra & Mahindra was set up as a steel trading company in 1945. It eventually saw
business opportunity in expanding into manufacturing and selling larger MUVs, starting with
assembly under licence of the Willys Jeep in India. Soon established as the Jeep
manufacturers of India, the company later commenced upon the task of expanding itself,
choosing to utillize the manufacturing industry of light commercial vehicles (LCVs) and
agricultural tractors. Today, Mahindra & Mahindra is a key game player in the utility vehicle
manufacturing and branding sectors in the Indian automobile industry with its flagship UV
Scorpio and swiftly exploits India's growing global market presence in both the automotive
and farming industries to push its products in other countries.
Over the past few years, the company has taken interest in new industries and in foreign
markets. They entered the two-wheeler industry by taking over Kinetic Motors in India.[6]M&M also has controlling stake in REVA Electric Car Company[7] and acquired South
Korea's SsangYong Motor Company in 2011.[8]
The US based Reputation Institute once ranked Mahindra amongst the top Ten Indian
companies in its 'Global 200: The World's Best Corporate Reputations' list.[9]
The revised interest rates for Domestic Term Deposits
‘Below Rupees One Crore’ effective from the 1st April 2013
would be as under:
(All figures in % per annum)
Rates w.e.f.01.04.2013(No change)
7 days to 90 days 6.5091 days to 179 days 6.50180 days 6.50181 days to 240 days 6.50241 days to less than 1 year 6.501 year to less than 2 years 8.752 years to less than 3 years 8.753 years to less than 5 years 8.755 years and up to 10 years 8.75
RESIDENT INDIAN SENIOR CITIZENS DEPOSIT RATES
The premium for Senior Citizens will be 0.25% per annum on retail deposits of one year and above. Accordingly, the interest rates payable on deposits to resident Indian Senior Citizens (60 years and above) for Domestic Term Deposits ‘Below Rupees One Crore’ effective from the 1st April 2013 is as under: (All figures in % per annum)
Rates w.e.f.01.03.2013(No change)
7 days to 90 days 6.5091 days to 179 days 6.50180 days 6.50181 days to 240 days 6.50241 days to less than 1 year 6.501 year to less than 2 years 9.002 years to less than 3 years 9.003 years to less than 5 years 9.005 years and up to 10 years 9.00
The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rates. The rate applicable to SBI Pensioners of age 60 years and above will be 1.00% above the rate payable to resident Indian senior citizens i.e. SBI resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.25%).
The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on “SBI Tax Savings Scheme 2006(SBITSS)” schemes and NRO deposits shall be aligned as per the proposed rates for domestic term deposits. However, NRO deposits of Staff are not eligible for additional 1% interest otherwise applicable to staff domestic retail deposits, these rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.
Premature Withdrawal:
(a) For Single term deposit of less than Rs 15 lacs, in case of premature withdrawals, the interest rate shall be 0.50% below the rate applicable for the period the deposit remained with the bank or 0.50% below the contracted rate whichever is lower for all tenorsprovided these have remained with the bank for at least 7 days.(b) However, for Single term deposit of Rs 15 lacs and above but below Rs 1 Crore, for tenors below 1 year, there shall be no penalty for premature withdrawal of deposits provided these have remained with the Bank for atleast 7 days.(c) For Single term deposit of Rs 15 lacs and above but below Rs 1 crore, for tenors of 1 year and above in the case of premature withdrawals, the interest rate shall be 0.50% below the rate applicable for the period the deposit remained with the bank or 0.50% below the contact rate whichever is lower provided these have remained with the bank for at least 7 days.(d) These instructions for premature withdrawals will apply only to fresh deposits and renewed maturing deposits.(e) There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits.(f) No premature penalty will be levied from staff and SBI pensioners. Interest rate to be paid on premature withdrawal of term deposits by staff and SBI pensioners will be same as applicable for the period the deposit has remained with the Bank.
The revised interest rates on ‘Domestic Term Deposits’ of ‘Rs One Crore & above’ with effect from 7th June 2013would be as under:
Tenors
Existing w.e.f.01.03.2013
forPublic
Revisedw.e.f.07.06.2013
for Public
Existingw.e.f.
01.03.2013 for
Senior Citizens
Revisedw.e.f.07.06.2013
forSenior Citizens
7 days to 180 days 7.50% 7.25% 7.50% 7.50%
181 days to 270 days 7.50% 7.25% 7.50% 7.50%
271 days to less than 1
year7.50% 7.25% 7.50% 7.50%
1 year to less than 2 years 8.75% 8.75% 9.00% 9.00%
2 years to less than 5 years 8.75% 8.75% 9.00% 9.00%
5 years to 10 years 8.75% 8.75% 9.00% 9.00%
Premature payment of term deposits: The instructions regarding interest rate to be charged on premature payment of domestic term deposits are as under:- a. There shall be no penalty for premature withdrawal of bulk deposits of tenors below one
year provided these have remained with the bank for at least 7 days.b. In other cases of premature withdrawal, the Interest shall be 0.50% below the rate
applicable for the period the deposit has remained with the Bank or 0.50% below the contracted rate, whichever is lower. However, no interest will be paid if the deposit remains for less than 7 days period.
c. There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits The revised rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on NRO term deposits shall be aligned as per the rates for domestic term deposits. These rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.
Deposit Accounts
CANARA BANK
RATES AT A QUICK GLANCE
DEPOSIT ACCOUNTS
TERM DEPOSITS
A. Domestic Rate of Interest (%) p.a.
For Deposits less than Rs.1 crore
w.e.f.08.07.2013
Term Deposits (All Maturities)
General Public Senior Citizen
Rate of Interest (%
p.a)
Annualised Interest yield
**
Rate of Interest (%
p.a)
Annualised Interest yield
**
7 days to 14 days * 4.00 4.00 4.50 4.50
15 days to 30 days 4.50 4.50 5.00 5.00
31 days to 45 days 6.50 6.50 7.00 7.00
46 days to 90 days 7.00 7.00 7.50 7.50
91 days to 179 days 7.30 7.30 7.80 7.80
180 days to 269 days 7.00 7.06 7.50 7.57
270 days to less than 1 year 8.00 8.16 8.50 8.68
1 year & above to less than 2 years
8.75 9.04 9.25 9.58
2 years & above to less than 3 years
8.80 9.51 9.30 10.09
3 years & above to less than 5 years
8.80 9.95 9.30 10.59
5 years & above to less than 8 years
8.75 10.83 9.25 11.59
8 years & above to 10 years 8.75 12.48 9.25 13.48
1000 days (CANARA-K Deposit-for amount less than Rs.1 crore)
Deposit product withdrawn w.e.f.11.07.2013
* Rates are applicable only for single deposit of Rs.5 lakhs & above.** Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rates of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.
For deposit of Rs.1 crore & above, Bank offers 8.75% for a period of 555 days,1000 days and 1200 days for General Public and an additional 0.50% p.a is extended to Senior Citizens for these maturity slabs.
Senior Citizens are not eligible for additional interest rate for their Recurring Deposits, Capital Gains Account Scheme and NRO term deposits (i.e, interest rates as applicable to General Public be offered).For Employees / Ex-employees of Canara Bank, who are eligible for preferential interest rate as per Bank’s Guidelines, additional 1.00% over and above the rate applicable for General Public is extended, irrespective of the size of the deposit.For Ex-employee Senior Citizens (60 years and above) of Canara Bank, who are eligible for preferential interest rate as per Bank’s Guidelines, additional 1.00% over and above the rate offered for General Public is extended for deposit period of less than 5 years, irrespective of the size of the deposit. For deposit period of 5 years and above to 10 years, additional 1.50% over and above the rate for General public, irrespective of the size of the deposit, is extended.Employees/Ex-employees/Ex-employee Senior citizens of Canara Bank are not eligible for additional interest rate for their Capital Gain Account Scheme and NRO term deposits.
PENALTY: A penalty of 1.00% will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of less than Rs.1 Crore that are placed/renewed on or after 04.02.2011.No penalty will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of Rs.1 Crore & above that are placed/renewed on or after 13.10.2012. However, a penalty of 1.00% shall be levied for premature closure/part
withdrawal/premature extension of Domestic/NRO term deposits of Rs.1 crore & above that are placed /renewed from 04.02.2011 to 12.10.2012. • No interest will be payable on term deposits prematurely closed/prematurely extended before completion of 7th day.
NON RESIDENT ACCOUNTS
a. NRO – all maturities Same as applicable to Domestic Term Deposits
b. NRE –Term deposits Rate of interest (%) per annum
Period of Deposit
Less than Rs.1 crore(w.e.f.08.07.2013)
Rs.1 crore & above(w.e.f. 08.07.2013)
Rate of Interest(% per annum)
AnnualisedInterest Yield
*
Rate of Interest(% per annum)
AnnualisedInterest Yield
*
1 year & above to less than 2 years 8.75 9.04 8.75 9.04
2 years & above to less than 3 years 8.80 9.51 8.75 9.45
3 years & above to less than 4 years 8.80 9.95 8.75 9.88
4 years & above to less than 5 years 8.80 10.41 8.75 10.34
5 years & above to less than 6 years 8.75 10.83 8.75 10.83
6 years & above to less than 7 years 8.75 11.35 8.75 11.35
7 years & above to less than 8 years 8.75 11.90 8.75 11.90
8 years & above to less than 9 years 8.75 12.48 8.75 12.48
9 years & above to less than 10 years 8.75 13.10 8.75 13.10
10 years 8.75 13.76 8.75 13.76
* Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rates of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.
PENALTY:
A penalty of 1.00% will be levied for premature closure/premature extension of NRE term deposits of less than Rs.1 Crore that are placed/renewed on or after 29.12.2011.
No penalty will be levied for premature closure/premature extension of NRE term deposits of Rs.1 Crore & above that are placed/renewed on or after 13.10.2012. However, a penalty of 1.00% shall be levied for premature closure/premature extension of NRE term deposits of Rs.1 crore & above that are placed /renewed from 29.12.2011 to 12.10.2012.
No interest will be payable for the period run on NRE term deposits prematurely closed/prematurely extended before completion of one year from the effective date of the deposit.
Term Deposits (Fixed Deposit and Recurring Deposit)*
Premature withdrawal of Deposit:On pre-mature withdrawal of the deposit: - interest will be calculated at the rate applicable for the period the deposit has actually remained with ICICI Bank. - penalty will be levied on the rate applicable as per the table below
Original Tenure of DepositPenal Rates*
Less than Rs. 5.0 Crore Rs. 5.0 Crore & above
Less than 1 year 0.50% 0.50%
1 year & above but less than 5 years 1.00% 1.00%
5 years and above 1.00% 1.50%
*Subject to revision without further notice.
Note: - That Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws. - That the minimum tenure for term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit. - For interest rates on Fixed Deposits for Rs. 1 Cr and above, please contact your relationship manager or nearest ICICI Bank branch
Note : Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
Circular No. T&I: MUM :TDR:008:2013-14
a) TERM DEPOSITS Rs. 1.00 CRORES AND ABOVE TO Rs. 5.00 CRORES -
Sr. No.
Time Period Term Deposit Rs. 1.00 croresand above to Rs. 5.00 crores
01. 7 - 14 Days 6.00
02. 15 - 29 Days 6.00
03. 30 - 45 Days 6.75
04. 46 - 60 Days 6.75
05. 61 - 90 Days 7.30
06. 91 - 120 Days 7.50
07. 121 - 150 Days 7.50
08. 151 - 183 Days 8.10
09. 184 to Less than 1 year 8.40
10. 1 year 8.70
11. More than 1 year upto 2 Years 8.75
12. Above 2 Years upto 3 Years 8.75
13. Above 3 Years less than 5 Years 8.75
14 5 years and above 8.75
b) TERM DEPOSITS ABOVE Rs. 5.00 CRORES -
Sr. No.
Time Period Term Deposit above Rs. 5.00 Cr
01. 7 - 14 Days 6.00
02. 15 - 30 Days 6.50
03. 31 - 60 Days 6.75
04. 61 - 91 Days 7.50
05. 92 - 120 Days 7.50
06. 121 - 183 Days 7.60
07. 184 - 269 Days 8.00
08. 270 - 359 Days 8.20
09. 360 -375 Days 8.25
10. 376 Days - < 2 Years 8.50
11. 2 Years but < 3 Years 8.50
12. 3 Years but < 5 Years 8.25
13. 5 Years & above 8.25
1. All Zonal Offices are requested to note the above mentioned interest rates for Term Deposits of above Rs. 1.00 Crore effective from 15.07.2013.
2. The above card rates are valid for single deposits (Fresh & Renewal).3. No cash deposits to be accepted.4. Term Deposit mobilized with the above rates should be advised to Integrated Treasury Branch,
Mumbai on the same day by Zonal Offices/Branches.5. Rate of Term Deposit should be quoted valid for one day only. Whenever quote is to be given for
more than one day, prior permission should be obtained from DGM, Treasury Branch, Mumbai or General Manager, T & IW, HO, Kolkata.
6. For premature closure penal charges shall be 1% less than applicable rate for which the term deposit of more than 1.00 Crore was held by the branch as on the date of deposit or the present rate as on the date of premature closure whichever is lower.
7. Under no circumstances branches are allowed to quote beyond the rates mentioned supra. Zonal offices and FGM offices are requested to ensure strict compliance.
8. As per the latest ALM Policy, the term deposit 'above 5.00 Cr to 25.00 Cr' and 'above 25.00 Cr' are termed as 'Mid Corporate' and 'Large Corporate' Term Deposits, respectively and in future, reporting has to be made under the said category, accordingly.