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Standard Chartered to issue 240 m Indian Depository Receipt (IDR) which will open on 25 May 2010 and close on 28 May 2010. 10 IDRs represent one share of Standard Chartered Plc. StanChart's IDR is the first issue of its kind in India.What are these IDRs? Like American or Global Depository Receipts, where Indian companies raise resources overseas, IDRs enable foreign companies to do the same in India. StanChart has been operating in India for over 150 years and has over 90 branches. It has a combined customer base of around 20 lakh and the bank has operations in consumer banking, as well as private banking. Standard Chartered is listed in London and Hong Kong stock exchanges. The price of the IDR is yet to be announced, couple of days before the issue and 5% discount is offered to retail investors. Currently Stanchart trades at 15 times current year earnings and any price of 5-10% below from current levels would be a good price to apply. The price band is Rs.100-115, and the I

Shriram Transport Finance is planning to raise Rs 500 crore through retail non-convertible debentures (NCDs). The company plans to raise three-year secured NCDs at 9.75%. The company had earlier come out with such an NCD issue with good success. The issue has as been rated AA/Stable' by Crisil and 'AA+' by CARE.The bonds' coupon rate ranges between 9% and 11%.The issue is open from May 17 , for the sale of NCDs up to Rs 250 crore with a greenshoe option up to Rs 250 crore. Details of the issue: The face value and the issue price is Rs.1000 and the minimum application is for 10 debentures Rs.10,000. There are two options 60 months and 84 months. 1. 60 months - coupon rate 9.75% paid annually and 10.5% paid semi annually. 2. 84 months - coupon rate 10.5% annually. The term deposit rates are in the range of 6-7% for deposits of 1 year maturity. There is a premium of about 3% in the company’s NCD offer. Hence investors can invest in this issue, if they want higher retur

If you find that you are so much overburdened with debt that you are having sleepless nights then you should start thinking about some Debt Help without making any delay. You can obviously get some professional Debt Help by opting for a Debt Consolidation Program or a Debt Management Program. But, on your own you can reduce the debt burden if you follow some simple and logical steps: The first thing you need to do is to have a clear idea of your exact debt situation. Gather all of your credit card bills and loan documents and just calculate exactly how much you owe to your creditors. Analyze your debt situation by considering your debt amount and your monthly income. Also consider your necessary monthly expenses. If you find that your debt is too big and your salary is too low for repaying the debt, you may think about some professional Debt Help. If you find that your debt is manageable if you act smart, then carry out your own Debt Help plans. Start paying off your debts with the hi

Rajesh Exports (REL), in a potential game-changing move for the industry, announced plans to sell products at per-gram rate, the buyer paying no wastage, making and other hidden charges. REL said the initiative, promoted as Gold Revolution , would be launched at its Shubh retail outlet showrooms. Contrary to the general practice of all jewellery stores, Subh outlets will not charge any additional charges like wastage, making charge, value addition charge, etc. REL will sell 22 carat gold jewellery and coins with Hallmark of 100 per cent guaranteed purity. For example, if a customer buys 10 gms of gold at a price of Rs 1,600 per gm, he actually pays 15 per cent 20 per cent more than the Rs 16,000 jewellery due to various hidden charges. But Subh will charge only 3 per cent or Rs 48 more per gram towards its various costs. In next 3 years REL plans to open 250 Subh showrooms in various cities in the country, a ten fold jump from 25 at present. This will help the company increase its p

Jaypee Infratech has come out with a public issue of 6 crore equity shares in the price band of Rs.102 to Rs.117 per share. The company is engaged in the development of the Yamuna Expressway and related real estate projects which is a 6 lane Expressway between Noida and Agra, with concession period of 36 years and also 1235 acres of land as real estate development. Details of the Issue: Issue Open: Apr 29, 2010 - May 04, 2010 Issue Size: Equity Shares of Rs. 10. Issue Price: Rs. 102 - Rs. 117 Per Equity Share. Market Lot: 50 Shares. Listing At: BSE , NSE . To apply or not to apply? The Yammuna Expressway is expected to be complete by 2011 and has Toll Collection Rights for the next 36 years. Apart from this the company is involved in Building World Class Real Estate Development spread over of 1,235 Acres. Some of the positives include , JP Group’s expertise in executing Large Infrastructure projects and Unique Business Model – Tool Revenues and Real Estate Revenues. But the valuatio

Have you ever experienced having loans in the bank? Do you have credit cards? Well, it is normal for humans to have a debt. There are times that we are in the hard roads of life and need the help of others especially when it comes to financial problem. Sometimes we are short in money and needed to borrow money from other people or have some credit card account, however, if you don’t keep track with your debt, time will come that you will not be able to pay them and you cannot borrow from them anymore. Therefore, in order to keep in track with our debt we need something that can help us. There are many solutions that you can find, you can ask a specialist to help you, but this one will cost you much. With the help of debt calculator you can keep yourself with your debt without paying and wasting too much money and besides using debt calculator is very much easy. So, how can debt calculators help you with your debt? As what I have said awhile ago, it is normal to one’s person to have a