Abhishek Securities

HDFC  Life has signed a corporate agency agreement with Indiabulls Housing Finance, leading private housing finance company, to distribute individual insurance products. Under this new tie up, Indiabulls Housing will distribute HDFC Life's individual life, health and pension products to its customers across India, the private insurer said today in a release issued here.

Tech czar   Azim Premji   is in talks to buy under 5% stake in   HDFC Life   for a little over $100 million, or Rs 600 crore. Premji Invest, the investment arm of the Wipro boss, is discussing acquisition of shares from HDFC in a secondary transaction, people directly familiar with the matter said.   India's second largest private life insurance company is a joint venture with UK's Standard Life Plc, which holds the maximum permissible 26% stake. HDFC plans to divest a small part of its 72.37% stake in the life insurer as part of its regular fund raising plans, sources cited earlier added.   Premji is buying into the potential high growth story of life insurers in a market with abysmally low penetration. India's life insurance penetration is estimated at 3.1% and that of insurance products in general at 3.9%. Notwithstanding short-term blips over regulatory revamp, the industry asset under management is expected rise at over 20% annually.   An emaile...

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B harti Infratel, the telecommunications tower arm of top Indian mobile phone carrier Bharti Airtel  , is likely to launch on December 10 its up to USD900 million initial public offering, three sources with direct knowledge said. The share sale could raise USD800 million to USD900 million, the sources said. Bharti Infratel and four private equity investors are selling shares in the offer. A Bharti spokesman declined to comment. Bharti Infratel expects to get a go ahead from the capital markets regulator as early as Friday, the sources said. All three sources declined to be named as the information is not public yet. Bharti Infratel expects a go-ahead from the capital markets regulator as early as Friday, the sources said, adding the IPO would open for cornerstone investors on December 10 and for the public a day later. Bharti Infratel will sell new shares in the IPO, which will be a key test for overseas investors' appetite in a market that has risen nearly...

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res...

  12:21 AM CBI Arrests Former MSTC Officials in Rs. 464 cr Scam : The CBI has arrested former top officials of Metal and Scrap Trading Corporation (MSTC) in an alleged gold export scam worth Rs 464 crore in the public sector undertaking by accepting forged documents from exporters, CBI spokesperson said today. The agency arrested the then Chairman and Managing Director of MSTC Malay Sengupta and Chief General Manager Tapas Basu, CGM from Kolkata, and an insurance consultant S K Sinha from Delhi for their alleged involvement in the case. MSTC TO OFFER E SERVICES  :   MstC LTD , a mini-ratna PSU under Union ministry of steel, has evinced interest to offer its e-auction and e-procurement services for departments and agencies of the Odisha government. MSTC, which has been offering e-services for a wide gamut of products since 2002, has made a presentation to top state officials. The Central PSU held that e-auction will organize and expand market fo...

DIVIDEND PROJECTION : Private life insurance company HDFC Standard Life Insurance may declare a dividend soon, according to an investor presentation by Standard Life, the UK-based joint venture partner of the company. "Company can now declare dividend," said the UK arm in the presentation recently made to its investors. The presentation mentioned that HDFC Life has established market out-performance consistently over the past 2 years. It added that the Indian life insurance industry in poised for long term growth and HDFC Life is best positioned to take advantage of the market opportunity. According to the presentation, the number of policies grew by 26% in first half of financial year 2013 versus first half of financial year 2012. "Policy term enhanced to 13.2 years in H113 vs. 11.5 years in H112," it further noted. IPO Unlikely for HDFC Life  : With the cabinet clearing the proposal of 49% foreign direct investment, the next logical step should ...

How much can you make in 26 years by just investing Rs.10,000/- initially in any of financial instruments?Take a wild guess??? Let us look at the real example… If you have subscribed in 100 shares of _____ company with a face value of Rs. 100/- in 1980… In 1981 company declared 1 : 1 bonus = you have  200  shares In 1985 company declared 1 : 1 bonus = you have  400  shares In 1986 company split the share to Rs. 10 = you have  4,000   shares In 1987 company declared 1 : 1 bonus = you have   8,000  shares In 1989 company declared 1 : 1 bonus = you have  16,000  shares In 1992 company declared 1 : 1 bonus = you have  32,000  shares In 1995 company declared 1 : 1 bonus = you have  64,000   shares In 1997 company declared 1 : 2 bonus = you have  1,92,000  shares In 1999 company split the share to Rs. 2 = you have  9,60,000   shares In 2004 company declared 1 : 2 bonus = you have  ...