Hot Spot Business Destination in India : Chennai Grabbed the Second Position..


Leaving behind the financial capital of the country - Mumbai, Chennai grabbed the second position as a hot spot business destination in India in a recent ranking unveiled by Global Initiative for Restructuring Environment and Management (GIREM),and a not for profit industry body, DTZ, the global leader in property services, of the top 21 business destinations in India.

The report,which scored the cities across various economic, environmental & cultural parameters, ranked Chennai among the top 5 locations considered to be the best options for businesses to invest with 2 major ports - Chennai Port & Ennore port contributing greatly to its economy and about 30% of India's automobile industry and 40% of auto components industry based in the Chennai city.


In addition, the Chennai city exports 50% of India's leather exports.
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Views on ICICI Bank 2QFY2014 results - Angel Broking


Views of Mr. Vaibhav Agrawal (VP- Research – Banking, Angel Broking) on ICICI Bank 2QFY2014 results:

“ICICI Bank reported a healthy operating performance during the quarter, which was in line with our estimates and ahead of streets’. NII grew at healthy pace of 20%, aided by healthy loan book growth of 16 % and sequential improvement in overall margins to 3.31%. International NIMs improved by 20bp qoq to 1.8%, while domestic NIMs improved marginally by 2bp qoq to 3.65 % (which was a positive surprise, given the tightened liquidity throughout the quarter). Non-interest income grew by 6% yoy to Rs. 2,166cr, within which fee income registered a healthy growth of 16% yoy to Rs. 1,994cr.

Operating expenses grew by mere 5%, which aided the profitability. On the asset quality front, absolute Gross NPAs remained flat sequentially (probably the bank witnessed higher write-offs during the quarter), while net NPAs, on an absolute basis increased 9.5% qoq (as PCR came off by 230bp qoq to 73.1%). The bank’s restructured loan book increased 15 % qoq to Rs. 6826cr (2.3 % of net advances), which was in-line with the management’s guidance. Overall, the bank’s asset quality performance during the quarter, was reasonable in light of prevailing economic environment. Provisioning expenses for the bank increased by 23% yoy to Rs. 625cr, of which a large part of it (Rs. 279cr) was for Net MTM losses (the bank provided the entire MTM loss during the quarter). Overall, the bank reported healthy bottom-line growth of 20% yoy. At CMP, the stock is trading at 1.5x FY2015 ABV.We maintain our Buy recommendation on the stock.”

 Angel Broking
Corporate Communications
Ackruti Star, 6th Floor,
MIDC, Andheri (E), Mumbai – 400093
Main              : 022  - 393576000 (Ext-6956)
Website         : www.angelbroking.com



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ICICI Bank - Q2 FY14 Performance Review


Performance Review – Quarter ended September 30, 2013

· 20% year-on-year increase in standalone profit after tax to `
2,352 crore (US$ 376 million) for the quarter ended
September 30, 2013 (Q2-2014) after fully recognising markto-
market provisions on investment portfolio

· Current & savings account (CASA) deposits increased by `
8,073 crore (US$ 1.29 billion) in Q2-2014; year-on-year
growth of 17% in CASA deposits

· CASA ratio maintained at 43.3% at September 30, 2013
· Net interest margin (NIM) increased to 3.31% in Q2-2014
compared to 3.00% in Q2-2013; domestic NIM at 3.65%

· Total capital adequacy of 16.50% and Tier-1 capital adequacy
of 11.33% as per Reserve Bank of India’s guidelines on Basel
III norms (17.21% and 12.04% including profits for half year
ended September 30, 2013 )

The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting
held at Mumbai today, approved the audited accounts of the Bank for the
quarter ended September 30, 2013.

Profit & loss account

· Standalone profit after tax increased 20% to ` 2,352 crore (US$ 376
million) for the quarter ended September 30, 2013 (Q2-2014) from ` 1,956
crore (US$ 312 million) for the quarter ended September 30, 2012 (Q2-
2013).

· The Bank has fully recognised the mark-to-market provisions of ` 279
crore (US$ 45 million) on its investment portfolio, and has not availed the
option permitted by the Reserve Bank of India of recognising the same
over three quarters.

· Operating profit excluding treasury increased 31% year-on-year to `
3,967 crore (US$ 634 million) in Q2-2014 from ` 3,022 crore (US$ 483
million) in Q2-2013.

· Net interest income increased 20% to ` 4,044 crore (US$ 646 million) in
Q2-2014 from ` 3,371 crore (US$ 538 million) in Q2-2013.
· Net interest margin increased by 31 basis points from 3.00% for Q2-2013
and 3.27% in Q1-2014 to 3.31% for Q2-2014.

· Net interest margin of international branches increased from 1.60% in
Q1-2014 to 1.80% in Q2-2014, while the domestic net interest margin
was stable at 3.65% in Q2-2014 vis-à-vis 3.63% in Q1-2014.

· Fee income increased by 17% to ` 1,994 crore (US$ 319 million) in Q2-
2014 from ` 1,709 crore (US$ 273 million) in Q2-2013.

· Cost-to-income ratio reduced to 37.3% in Q2-2014 from 40.9% in Q2-
2013.

· Provisions were at ` 625 crore (US$ 100 million) in Q2-2014 compared to
` 508 crore (US$ 81 million) in Q2-2013.

· Return on average assets was 1.70% in Q2-2014 compared to 1.54% in
Q2-2013.

Operating review


The Bank has continued with its strategy of pursuing profitable growth.
The Bank continued to leverage its branch network, its strong corporate
franchise and its international presence. During the quarter, the Bank
added 157 branches, including 105 low cost Gramin branches, and 196
ATMs to its network. At September 30, 2013, the Bank had 3,507 branches,
the largest branch network among private sector banks in the country. The
Bank’s ATM network increased to 11,098 ATMs at September 30, 2013 as
compared to 10,006 at September 30, 2012.

Credit growth

Total advances increased by 16% year-on-year to ` 317,786 crore (US$
50.8 billion) at September 30, 2013 from ` 275,076 crore (US$ 43.9 billion)
at September 30, 2012. The year-on-year growth in domestic advances
was 14%. The Bank has continued to see healthy growth in its retail
disbursements. As a result, the outstanding mortgages and auto loan
portfolios for the Bank have grown by 23% and 27% respectively on a
year-on-year basis at September 30, 2013. Based on the above, the Bank
has seen a year-on-year growth of 20% in its total retail portfolio at
September 30, 2013.

Deposit growth

The Bank has seen healthy trends in current and savings account (CASA)
deposits mobilisation. During Q2-2014, savings account deposits increased
by ` 4,682 crore (US$ 748 million) and current account deposits increased
by ` 3,391 crore (US$ 542 million). At September 30, 2013, savings account
deposits were ` 93,535 crore (US$ 14.9 billion) and current account
deposits were ` 40,373 crore (US$ 6.4 billion). The Bank’s CASA ratio was
maintained at 43.3% at September 30, 2013. The average CASA ratio
Iimproved to 40.3% during Q2-2014 compared to 39.0% during the quarter
ended June 30, 2013 (Q1-2014).

Capital adequacy

The Bank’s capital adequacy at September 30, 2013 as per Reserve Bank of
India’s guidelines on Basel III norms was 16.50% and Tier-1 capital
adequacy was 11.33%, well above regulatory requirements. In line with
applicable guidelines, the Basel III capital ratios reported by the Bank for at
September 30, 2013 do not include the profits for the half year ended
September 30, 2013 (H1-2014). Including the profits for H1-2014, the
capital adequacy ratio for the Bank as per Basel III norms would have been
17.21% and the Tier I ratio would have been 12.04%.

Asset quality
Net non-performing assets at September 30, 2013 were ` 2,707 crore (US$
432 million) compared to ` 2,472 crore (US$ 395 million) at June 30, 2013.
The net non-performing asset ratio was 0.73% at September 30, 2013
compared to 0.69% at June 30, 2013. The Bank’s provision coverage ratio,
computed in accordance with the RBI guidelines was 73.1% at September
30, 2013. Net loans to companies whose facilities have been restructured
were ` 6,826 crore (US$ 1.1 billion) at September 30, 2013 compared to `
5,915 crore (US$ 945 million) at June 30, 2013.

Consolidated profits

Consolidated profit after tax increased 13% to ` 2,698 crore (US$ 431
million) for Q2-2014 from ` 2,390 crore (US$ 382 million) for Q2-2013, after
including the impact of market volatility on subsidiaries with market linked
businesses. The consolidated return on equity on an annualised basis was
14.6% during Q2-2014. The consolidated profit after tax increased by 22%
from ` 4,467 crore (US$ 714 million) for the half year ended September 30,
2012 (H1-2013) to ` 5,445 crore (US$ 870 million) for the half year ended
September 30, 2013 (H1-2014). The consolidated return on equity on an
annualised basis increased from 14.1% in H1-2013 to 15.1% in H1-2014

Insurance subsidiaries

ICICI Life’s profit after tax for Q2-2014 was ` 387 crore (US$ 62 million)
compared to ` 396 crore (US$ 63 million) for Q2-2013. ICICI Life’s new
business annualised premium equivalent (APE) was ` 954 crore (US$ 152
million) in Q2-2014 compared to ` 781 crore (US$ 125 million) in Q2-2013.

The assets under management at September 30, 2013 were ` 73,976 crore
(US$ 11.8 billion).

ICICI Lombard General Insurance Company (ICICI General) maintained its
leadership in the private sector during April-August 2013. The gross
premium income of ICICI General increased by 12% to ` 1,701 crore (US$
272 million) in Q2-2014 from ` 1,517 crore (US$ 242 million) in Q2-2013.
ICICI General’s profit after tax for Q2-2014 increased to ` 156 crore (US$ 25
million) from ` 101 crore (US$ 16 million) for Q2-2013.

Chief Financial Officer

Mr. Rakesh Jha, Deputy Chief Financial Officer has been designated as
Chief Financial Officer of ICICI Bank. He will continue to report to Mr. N. S.
Kannan, Executive Director.
ICICI Bank Limited
ICICI Bank Towers
Bandra Kurla Complex
Mumbai 400 051



For further press queries please call Sujit Ganguli at 91-22-2653 8525 or email
ganguli.sujit@icicibank.com.
For investor queries please call Rakesh Mookim at 91-22-2653 6114 or email
ir@icicibank.com.
1 crore = 10.0 million

US$ amounts represent convenience translations at US$1= `Rs. 62.61
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Systematic investment with Bullion India makes Gold and Silver easily affordable this Diwali


 With Gold and Silver prices reaching new highs, it has become very difficult for a common man to buy and posses these auspicious metals.  Gauging this scenario, Bullion India, launches a very unique investment plan, Unit Systematic Plan (USP), which helps customers accumulate physical gold and silver conveniently in small amounts through periodic systematic investments in a safe and secured manner.

The Unit Systematic Plan is available online on the website and interested customers can register online and upload their KYC details. Customers can also register and apply for the plan through the agent and broker network of Bullion India .The customer can invest in systematic investment options ranging from a period of minimum 6 months to 36 months.

The minimum investment amount has been kept as low as Rs. 1000 in this Unit Systematic Plan of investment, to make Gold and Silver easily affordable. At the end of the tenure, customers can redeem their units into physical gold and silver coins through Bullion India’s website with an option of doorstep delivery across India or at multiple delivery centres. There are no activation or registration charges and the customers can also sell back their gold and silver units on the online platform of Bullion India at the end of the tenure.

This is the first structured bullion investment model that allows you to accumulate silver on daily basis

The customers will be credited with gold and silver units on a daily basis into their account. These units are backed by physical gold and silver which is kept with the vaulting agencies and is controlled and monitored by an independent trustee, IDBI Trusteeship Services, thereby offering maximum security and safety of the customer’s investments.

 Commenting on the benefits of the plan, Mr. Sachin Kothari, Director, Bullion India said, “In India, investing in gold and silver is considered to be a prerogative of the rich. We at Bullion India wish that even a middle class Indian gets an opportunity to reap the benefits of making investment in gold and silver. Through our Unit Systematic Plan, we aim to provide a common man with an opportunity to own small quantities of gold and silver at the lowest costs of buying. This will allow one to meet up with ones investment, savings goals, and other objectives like daughter’s wedding, etc. A daily holding statement will be available to customers on the Bullion India website. Customers will receive e-mail and SMS confirmation at the time of application, and on days of deposits.”

Unit Systematic Plan provides numerable benefits to the customer. It allows customers to average their price on gold and silver over a period of time. More grams are credited to a customer’s account when the price of gold and silver is low. Customers get receipts for every payment made, and they can also access their account online.

Bullion India commenced its operations in October 2012 and has more than 50000 registered customers who invest in Gold and Silver online. Bullion India is jointly promoted by RiddiSiddhi Bullions limited, India largest bullion trading company and Finkurve Financial Services Limited.

About the Finkurve Bullion Private Limited..:

Finkurve Bullion Private Limited (FBPL) was formed with the objective of promoting SPOT trading in bullion across India. The company plans to launch several bullion-based structured products in near future. Bullion India is one of the structured products that have been launched by FBPL to offer retail customer an opportunity to own gold and silver bars in small denominations at the lowest price.
It provides an online system to its members to buy, sell, hold and redeem these bars in a simple, easy and a convenient manner.


Finkurve Bullion Private Limited is jointly promoted by NCDEX Spot Exchange Limited (NSPOT), RiddiSiddhi Bullions Limited (RSBL) and Finkurve Financial Services Limited (FFSL).
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GEMBRIO FOODS: Supplying of Diwali Gifts on Bulk

 GEMBRIO FOODS are the leading corporate supplier to deliver “Diwali gifts” on bulk for Employee Motivations.

Option 1:
Home Appliances / Corporate Gifting from Philips, Samsung, LG and Sowbagya ( Authorised Vendor for Institutional Sales )

Option 2:
Gift Vouchers - Sodexo, Shoppers shop, Croma, Big Bazaar and other leading brand gift vouchers

Option 3:
Personalised Silver and Gold Coins

Option 4:
Crackers Combo pac-  Sweets – Diya’s
or
Crackers combo - Dry Fruits – Diya’s
or
Crackers - Home made chocolates – Diya’s

Please feel free to contact for the above requirements & find out the attached dry fruit box images and awaiting for your valuable orders.

“Happy Lighting Festival - 2013”


A. Praveen Kumar  9840556974,
K. Shobana         9840556813.

Head Operation
S.Surendran  9710317009

Email; gembriofoods@gmail.com
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CREDAI: Concerned at the increase in Repo Rate

Express the need to provide priority sector status to affordable housing project funding


Note: Please also find the attached photograph of Mr. C Shekar Reddy President CREDAI- National

The Confederation of Real Estate Developers’ Associations of India (CREDAI) the apex body for private real estate developers in India expressed their concern over the RBI (Reserve Bank of India) decision to increase the repo rates by 0.25% in the second-quarter monetary policy review.

The step is only aimed at its inflation-fighting credentials despite the country's sputtering economic growth and weak investment demand.

Speaking on the development Mr. C Shekar Reddy President CREDAI - National said," Considering the overall economic situation and challenges being faced by the industry,  we were looking forward to the reduction in repo rates, to ease the burden on the buyers and developers. The continuation of the policy to increase in repo rates in the monetary policy, to control the inflation, will be further increasing the problems of the developers who are grappling with high interest rates.  We were hopeful that besides easing the liquidity, RBI will start addressing the industry concerns for growth and give the necessary impetus.”

He further added “Housing has long been identified as a social priority next only to food and clothing. According to Housing and Urban Poverty Alleviation (HUPA) estimates present housing shortage is 18.7 million units with almost 96 % shortage in the shelter for Economically Weaker Section (EWS) & Lower Income Group (LIG). There is an expected total housing   requirement of 60 million units by 2030 in India. Keeping in view the demand supply gap in the affordable housing segment, Government needs to support the sector by focusing on development   initiatives like recognizing affordable housing as a priority sector for funding and providing added incentive to the lenders, developers and the economy at large.

RBI should consider increasing   the exposure to Commercial Real Estate (CRE) segment from 3% to at least 12% and encourage the funding of SME projects in tier I, tier II and tier III towns and cities to boost the segment. Such initiatives will facilitate the flow of formal credit to the sector and   encourage the developers to take up more projects in the affordable housing segment. We are keen on meeting the RBI Governor to table and discuss the concerns of the Real Estate sector.”

About CREDAI: the Voice of India’s Real Estate Industry

The Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body for private real estate developers in India. CREDAI represents over 9,000 developers through 134 cities and 20 state/city level member associations across the country. Its numerous initiatives and activities help developers come together and work towards better practices, improved customer service and a stronger realty industry.

For more details contact: Amit Mishra: 9344075741 / Nishanth 9884070861

Emai: nishanth@konnections.co.in
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Antony Projects: Flats at Urapakkam at Rs. 2,099 per sq.ft


Antony Project Pvt Ltd.

Old 10, New  66, Harleys Road,
Kilpauk,
Chennai - 600 010.
Email Id: Sales@antonygroup.com
Web site: www.antonygroup.com

For Project Bookings:
95001 21833
95001 21835
95001 21837
95001 21839
95001 21834
95001 21836
95001 21838

Landline 044 -  2644 9999

For Business Contact: Tel: +91 44 2644 9999 / 2647 5111 / 2647 8899.

"LE NID" - Phase-I  (Urapakkam)


GROUND FLOOR


FLAT NO
BHK
AREA
UDS
Rate
Flat Cost
Other Charges
Covered Car Park
UDS Reg
Agree Reg
Serv.
Tax
Total Cost


20A
2BHK
854
563
1999
1707146
128100
150000
41032
30135
62622
2119035



21A
2BHK
854
563
1999
1707146
128100
150000
41032
30135
62622
2119035

23A
2BHK
854
563
1999
1707146
128100
150000
41032
30135
62622
2119035


24A
2BHK
854
563
2199
1877946
128100
150000
41032
33551
69590
2300219


28B
1BHK
456
301
1999
911544
68400
0
24008

30288
1034240


FIRST FLOOR


FLAT NO
BHK
Area
UDS
Rate
Flat Cost
Other Charges
Covered Car Park
Reg.Exp

Serv.Tax
Total Cost


7C
2BHK
882
582
2199
1939518
132300
150000
42248
34478
71654
2370198



9B*
2BHK
865
571
2199
1902135
129750
150000
41544
33907
70383
2327719

10B*
2BHK
789
521
2199
1735011
118350
150000
38344
31364
64732
2137801


11C
2BHK
943
622
2199
2073657
141450
150000
44808
36521
76194
2522630



22B
2BHK
861
568
1999
1721139
129150
150000
41352
30335
63072
2135048


24B
2BHK
861
568
2199
1893339
129150
150000
41352
33779
70098
2317718

27C
2BHK
871
575
1999
1741129
130650
150000
41800
30623
63721
2157922


28C
2BHK
871
575
2199
1915329
130650
150000
41800
34107
70828
2342714



29C
2BHK
871
575
2199
1915329
130650
150000
41800
34107
70828
2342714

31B
1BHK
597
394
2199
1312803
89550
0
30216
24952
44356
1501877


"LE NID" - Phase-II  (Urapakkam)

GROUND FLOOR

FLAT NO
BHK
AREA
UDS
Rate
Flat Cost
Other Charges
Covered Car Park
Reg.Exp
Agree Reg
Serv.Tax
Total Cost
Free Furniture

3A
1BHK
488
322
2099
1024312
73200
0
25608
20334
34268
1177723
29280

3B
1BHK
451
298
2099
946649
67650
0












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