NTPC puts in place ambitious expansion plan

At least 34 coal-based thermal power companies have offered to sell their projects to NTPC, the country's main power creator. The Maharatna company, aiming to add 14,000 MW ability by 2017, had asked companies through announcement to offer their trapped projects for assessment.
Informing the Rajya Sabha in this look upon, Power Minister Piyush Goyal on Monday said NTPC had sought appearance of attention (EOI) from state power boards, power age group companies, sovereign power producers, among others, for contribution their coal-based thermal power projects for probable attainment.
"Against this EOI, 34 proposals have been conventional," Goyal avowed.
The state-owned power age group firm is expectant of finalising these proposals by the year-end. "It will appraise the superiority of gear of these projects, the level of clearances they have achieved, coal ease of use and sourcing the fuel in case of non-ease of use before trade these thermal power stations," said Goyal. State owned NTPC is also supposedly in talks with confidential power companies like L& T and Shapoorji Pallonji Group with a view to taking over their trapped plants.
NTPC is at present constructing a 2,640 MW power plant in Barethi in Chhattarpur district of Madhya Pradesh at a cost of about Rs 18,000 crore.
With its speculation plans of over Rs 1.5 lakh crore for the 12th Plan era (2012-17), NTPC remains crucial to the government's effort to speed up public sector venture to boost the wealth. NTPC has an installed capacity of 43,019 MW through its 17 coal-based, seven gas-based, seven solar renewable and seven joint venture power stations causal 28 per cent of the country's power conditions.
NTPC Chairman & Managing Director Arup Roy Choudhury said the company has plans to become a 1,28,000 MW company in terms of installed capacity, with 28 per cent coming from non-fossil fuel sources such as renewable, hydro and nuclear.

Five Investing Tips From Warren Buffett

What does Warren Buffett's message to stockholders mean for you and your money?

Every year Mr. Buffett, the world's third-richest man and arguably the most successful stock-market investor in history, writes a letter to stockholders in his investment company Berkshire Hathaway. BRKB -0.38% The latest came out this weekend. There are usually some nuggets for all those who haven't invested in Berkshire, and this year's letter was no exception. Here are five:

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Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, before being presented the Presidential Medal of Freedom at the White House in February. Bloomberg News

1. Watch out for stock-market valuations.

Mr. Buffett's company is now sitting on a cash hoard of $38 billion. "That's among the highest levels it's ever been," says Stifel Nicolas analyst Meyer Shields. While Mr. Buffett says he is looking for a big acquisition, and has his "elephant gun loaded," the high cash pile also suggests he's having a challenge finding really good deals. If Mr. Buffett is cautious, investors might want to take note: It's another sign that many valuations on the stock market may be looking a little stretched.

Software Case Tools Overview

CASE stands for Computer Aided Software Engineering. It means, development and maintenance of software projects with help of various automated software tools.

CASE Tools

CASE tools are set of software application programs, which are used to automate SDLC activities. CASE tools are used by software project managers, analysts and engineers to develop software system.
There are number of CASE tools available to simplify various stages of Software Development Life Cycle such as Analysis tools, Design tools, Project management tools, Database Management tools, Documentation tools are to name a few.
Use of CASE tools accelerates the development of project to produce desired result and helps to uncover flaws before moving ahead with next stage in software development.

Components of CASE Tools

CASE tools can be broadly divided into the following parts based on their use at a particular SDLC stage:

• Central Repository - CASE tools require a central repository, which can serve as a source of common, integrated and consistent information. Central repository is a central place of storage where product specifications, requirement documents, related reports and diagrams, other useful information regarding management is stored. Central repository also serves as data dictionary.
  
• Upper Case Tools - Upper CASE tools are used in planning, analysis and design stages of SDLC.
• Lower Case Tools - Lower CASE tools are used in implementation, testing and maintenance.
• Integrated Case Tools - Integrated CASE tools are helpful in all the stages of SDLC, from Requirement gathering to Testing and documentation.
  

Java - Objects and Classes

Java is an Object-Oriented Language. As a language that has the Object Oriented feature, Java supports the following fundamental concepts:

• Polymorphism
• Inheritance
• Encapsulation
• Abstraction
• Classes
• Objects
• Instance
• Method
• Message Parsing

In this chapter, we will look into the concepts Classes and Objects.

• Object - Objects have states and behaviors. Example: A dog has states - color, name, breed as well as behaviors -wagging, barking, eating. An object is an instance of a class.
• Class - A class can be defined as a template/blue print that describes the behaviors/states that object of its type support.

Objects in Java:

Let us now look deep into what are objects. If we consider the real-world we can find many objects around us, Cars, Dogs, Humans, etc. All these objects have a state and behavior.
If we consider a dog, then its state is - name, breed, color, and the behavior is - barking, wagging, running
If you compare the software object with a real world object, they have very similar characteristics.
Software objects also have a state and behavior. A software object's state is stored in fields and behavior is shown via methods.
So in software development, methods operate on the internal state of an object and the object-to-object communication is done via methods.

Classes in Java:

A class is a blue print from which individual objects are created.
A sample of a class is given below:

public class Dog{
   String breed;
   int age;
   String color;

   void barking(){
   }
   
   void hungry(){
   }
   
   void sleeping(){
   }
}

A class can contain any of the following variable types.

Glenmark Pharma up 3% on final ANDA nod for skin drug

Shares of Glen mark Parma surged 3.3 percent intraday Tuesday on receiving USFDA sanction for skin treatment by its US additional. "Glen mark Generics Inc, USA, the subsidiary of Glen mark Generics, has been settled final approval from the United States Food and Drug management (US FDA) for its condensed new drug application (ANDA) for Fluocinonide Cream USP 0.1 percent, the broad version of Vanes Cream by Medicos," says the company in its filing.

Fluocinonide Cream is indicated for the relief of the inflammatory and cleanliness manifestations of corticosteroid responsive dermatomes. "VANOS unguent is a instruction corticosteroid (steroid hormone) used on the skin (topical) to treat adults and children 12 years of age and older with confident skin conditions that cause red, flaky, and itchy skin," says Medicis. According to IMS Health sales data for the 12 month stage finish March 2014, Fluocinonide Cream garnered yearly sales of approximately USD 103 million. Glenmark’s current portfolio consists of 93 products authorised for allotment in the US marketplace and 71 ANDA’s pending approval with the US FDA. "In adding up to these internal filings, Glenmark Generics Inc continues to identify and explore external development partnerships to supplement and speed up the growth of the accessible pipeline and selection," it adds. At 10:36 hours IST, the stock was quoting at Rs 551.75, up 2.34 percent on the BSE.

City Union Bank gains 2% on strong response to share sale

Shares of  City Union Bank rose 2 percent on burly answer to its share sale to hoist up to Rs 350 corer.
City Union Bank on Monday sunset launched a share sale for institutional investors to lift up Rs 250-350 crore, phrase sheet showed.
Floor price for the share sale had been permanent at Rs 75.05 a share, the lender said in a report
The bank's share sale has been oversubscribed by almost 2.5 times, people occupied in the method said.
At 10:33 hrs City Union Bank was quoting at Rs 75.00, up Rs 0.65, or 0.87 percent on the BSE.

Railways' earnings up by over 9% in April-June

Indian Railways has registered an over 9 percent augment in its returns in the April-June divide into four parts this year as compared to the equivalent age last year. The Railways earned Rs.36,674.17 center through April-June 2014 as compared to Rs.33,499.53 crore through the same epoch last year, registering an augment of 9.48 percent, according to railway ministry data. The total wages from goods or shipment during April-June stage was Rs.24,850.37 crore compared to Rs.23,214.60 crore through the corresponding period last year, an enlarge of 7.05 percent, it said. Total earnings from passengers during the first quarter of this fiscal was Rs.10,153.68 crore compared to Rs.8,724.65 crore during the same period last year, registering an amplify of 16.38 percent. The earnings from other instruction amounted to Rs.1,011.35 crore during this period as against Rs.972.58 crore in the parallel period last year, registering an increase of 3.99 percent . The total number of passengers booked during this period was 2103.35 million compared to 1959.73 million through the same phase last year, which was an raise of 7.33 percent, the data said.

Top trading tips by Sanjeev Bhasin

Markets are clearly exhibiting strong bullishness on the back of return of conviction, future expectations and fund flows by the foreign investors. Investors are buying cyclicals like banks and capital goods and are selling defensives like, FMCG, pharma & IT With rupee clearly showing strength, exporters would continue to be under pressure.
On Tuesday, we saw continued ETF buying, which countered the weak global cues. The trend may continue today. Also, market grapevine has it that a large & influential foreign broking house that was negative in banks has turned very strong buyer. As a result, banks led from the front & may continue to do so. The weakness in China can only spell good news for India as commodity weakness helps lower inflation.
The trade for today would be buying banks & capital goods, with counter selling in IT, pharma & FMCG. However, buying is in blue chip names & not high beta as markets could surprise with a mild correction as consensus bullishness rules the street.

Tax planning tips for different age groups and various income slabs

 
Tax planning is one of the most important aspects of personal finance. People often fail to look at tax planning objectively and straight away start making investments related to tax saving. Also they often tend to mix tax planning and investment planning, which are totally different and are made with varying objective.
Insurance for long has been the front-runner whenever investments regarding tax savings are considered. Life insurance is not an investment option but a financial tool, which protects from any unforeseen eventualities. Buying excessive insurance however leads to holding unnecessary products.
Savings under section 80C can be broadly classified as investment based and non-investment based.
Provident Fund (PF), Public Provident Fund (PPF), Employees' Provident Fund (EPF), National Savings Certificates (NSC), National Pension System (NPS), Fixed deposit (FD) and Equity Linked Savings Scheme (ELSS)come are investment based savings; while principal repayment of home loan, tuition fee are non-investment based.
Before making investments related to tax saving it is always important that the individuals must analyse their risk appetite, and determine the percentage of debt and equity exposure they are comfortable with. Then they can match these percentages of debt and equity while investing in the available tax saving investments.
Since the risk appetite, liquidity needs and current portfolio of every individual are different, making investments based on just returns is not advisable.
TAX PLANNING AGE-WISE
23-30
This is generally starting phase of the career for most of the professionals, and therefore is the right time to start saving for the future. The investments made during this phase should have a long-term investment horizon. Starting to save and investing for retirement will give an edge if started at early age because of power of compounding.
Investing in a mix of ELSS and pension-related schemes like EPF, NPS or EPF is a good option for professionals of this age group. By doing so, they ensure that they plan for their retirement from an early age. It also provides the advantage of providing equity exposure to their retirement fund.
It is also advisable for the professionals of this age group to get required life insurance cover and health insurance cover. They can take the advantage of low premium rates if they start during this age. Avoid falling in the trap of endowment plans and unit linked insurance plans.

13 investment tips for 2013

Let us all welcome the year 2013 with varied ideas to bring home tax planning for you and your family and also take you through Investment Strategies for investing your money. The following thirteen important Investment Tips for the year 2013 will surely help you to achieve your desired results :-

 1. Income-tax file for one and all: In whose name to make the investment yes, this should be the first point in the back of your mind before planning investment strategies for 2013, it is time now for every tax payer of the country to make a resolution to have a separate independent Income-tax File for every member in the family. The objective of this is to achieve tax planning and cut down on your income-tax payments. Firstly think of your wife and if she does not have till now a separate independent Income-tax File, then start of having such independent Income-tax File for your wife. The concept of gift and loans in the name of your wife will help you to achieve this. However, do remember that your wife can receive gift from any relative other than her husband, her father in law and her mother in law. However, wife is free to take loan with reasonable interest from anyone including the husband. Similarly adopt the concept of gifting your major children and start having separate independent Income-tax File for your major children.

 2. Investments for Hindu Undivided Family tax file in your kitty Investments made by your Hindu Undivided Family can bring rich dividends for you in the year 2013. If you are a Hindu, then it is time now to find out whether you have a separate independent Income-tax File of your Hindu Undivided Family. If still now you have not been instrumental in opening a separate Income-tax File for your Hindu Undivided Family, then right now is the time when you should start such separate Income-tax File in your family so that it helps you in the process of tax planning. The HUF file apart from enjoying the basic income-tax exemption of Rs. 2,00,000 will also continue to enjoy tax deduction in terms of section 80C as well as deduction for interest on housing loans. Also do remember that your HUF file can come into existence whether you have a son or just a daughter and even if you do not have any children, still your HUF file can come into existence right now.

Sensex dips 60 points, consumer durables stocks fall

The Sensex on Monday was trading 60.16 points or 0.24 per cent down as capital goods and consumer durables stocks dipped.
Selling pressure was seen in capital goods, consumer durables and healthcare sectors, while marginal good buying was seen in auto stocks.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,093.16 points, was trading at 24,964.19 points (at 09.19 am) in the early session, down 60.16 points or 0.24 per cent from the previous day's close at 25,024.35 points.
The Sensex touched a high of 25,095.76 points and a low of 24,955.56 points in the trade so far.
The S&P BSE capital goods index dipped by 130.14 points, consumer durables index slipped by 130.73 points and healthcare index fell by 79.61 points. However, auto stocks went up by 53.63 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 28.15 points or 0.38 per cent lower at 7,431.45 points.

Inflation eases to 4-month low of 5.43 per cent in June

After rising to a five-month high in May, inflation dipped to 5.43 per cent in June mainly on account of a decline in the prices of food items and vegetables with the exception of potato and onion.
It was at 5.16 per cent a year ago in June 2013.
As per the Wholesale Price Index (WPI) inflation, prices of vegetables as a category declined by 5.89 per cent during the month, while that of potato and onion soared by 42.51 per cent and 10.70 per cent, respectively in the wholesale market.
Inflation had soared to a five-month high of 6.01 per cent in May 2014.
Among other important items, the prices of sugar and edible oils fell by 2.09 per cent and 0.75 per cent, respectively during June.
The food items that became expensive during the month include fruits (up 21.40 per cent), followed by milk (10.82 per cent), egg, meat and fish (10.27 per cent) and rice (10.24 per cent).
The inflation of food items as a category, however, continued to remain high at 8.14 per cent during the month and will continue to be a cause for concern for the Government which is gearing up to meet the impact of poor monsoon on the price situation.

3 reasons why sun is good for you

A little sunshine can boost your mood and help prevent serious illnesses, says Averil Nunes.
Outwit Osteoporosis: Given that one in three women will break a bone or two at the hands of osteoporosis and the bone-building Vitamin D is best synthesized in the presence of the sun, it's advisable to get your daily dose of sunlight. It's even more important to get these doses of sunlight in your pre-30 years when your body is building bone faster then it is losing it. The bigger your bone density bank, the longer it will take for menopause to bankrupt it. Dr Ambrish Mithal, of Medanta Hospital, New Delhi, who is board member and lead author of the International Osteoporosis Foundation (IOF) Asia-Audit, 2013, tells us, "The sun remains the single largest source of Vitamin D, and contrary to popular belief, catching some sun between the hours of 11 am and 3 pm is highly recommended". Yes, you read right! The noon time sun is good for you.
Beat the Blues: Sting has sung about the healing power of the lithium in sunlight. Now, while sunlight may contain too little lithium—known to be effective at treating depression—to have the same effect as the physician-prescribed version of it; sunlight does release good doses of the feel-good hormone serotonin into your blood, making you feel happy. Perhaps even happy enough to sing, dance and clap along to Pharrell's Happy, like half the world seems intent on doing at present. With one in four women thought to be afflicted by depression, it seems wise to get some light before you become a statistic.