Rakesh Jhunjhunwala Portfolio Holdings - July 2011

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NSE Bulk Deals to Watch - July 28 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-JUL-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,17803,474.26,-
28-JUL-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,AJAY,BUY,25401,476.10,-
28-JUL-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,14565,479.78,-

Easy! Income Tax E-filing Steps

(1) What is E-Filing? The process of electronically filing Income tax returns through the internet is known as e-filing. It is mandatory for companies and Firms requiring statutory audit u/s 44AB to submit the Income tax returns electronically for AY 2007-08 onwards. E-filing is possible with or without digital signature.

(2) Types of E-Filing There are three ways to file returns electronically. Option 1: Use digital signature, in which case no further action is required. Option 2: File without digital signature, in which case the duly signed ITR-V form is to be submitted to CPC Bengaluru using Ordinary Post or Speed Post within 120 days of transmitting the data electronically. This completes the Return filing process for non-digitally signed returns. Option 3: File through an e-return intermediary who would do eFiling and also assist the Assessee file the ITR -V Form.

(3) Types of E-Filing

(4) E – filing process : This is explained below with the help of a flow chart.

(5) Change in the procedure of e- filing for 2008-09 Type Change For digitally signed returns No Change Paper Returns -Two step Procedure After uploading data -instead of filing paper return assessee to file verification form called ITR-V (Combination of Acknowledgement of e-return and verification Paper Returns - through e-intermediaries

(6) e-Filing Process – At a glance Select appropriate type of Return Form . Download Return Preparation Software for selected Return Form. Fill your return offline and generate a XML file. Register and create a user id/password . Login and click on relevant form on left panel and select "Submit Return". Browse to select XML file and click on "Upload" button . On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form. Incase the return is digitally signed , on generation of "Acknowledgement" the Return Filing process gets completed. Assessee may take a printout of the Acknowledgement for his record. Incase the return is not digitally signed , on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be submitted to CPC Benagaluru using Ordinary Post or Speed Post within 120 days of transmitting the data electronically. This completes the Return filing process for non-digitally signed Returns.

India - Income Tax Filing Online/e-filing - easy steps

Via TimesOfIndia.com

You have just three more days to file your income-tax returns. If you want to do it without much bother, you should consider e-filing. It's simple if you take care of a few things.

You need to go to the website incometaxindiae-filing.gov.in and download the relevant returns form (ITR 1 to 7) based on your sources of income. For instance, if your only sources of income are salary/pension, interest income and income/loss from one house property, then you can use ITR 1. The website explains who should use which.

Sensex closes F&O expiry day 223 points lower

Rollover pressures alongwith weakness across the globe pulled the markets lower today, ext ending three-day fall

Major headlines

Food inflation at 7.33% versus 7.58%

PNB Q1 net profit slightly up by 3%

HUL Q1 net profit up 18%

Bharatiya Global Infomedia slumps on debut

Settles at Rs 30.95 on BSE

Shares of Bharatiya Global Infomedia settled at Rs 30.95 on BSE, a 62.25% discount to the initial public offer price of Rs 82. The stock debuted at Rs 84, a premium of 2.44% over the initial public offer (IPO) price. The stock hit a high of Rs 84 and low of Rs 27.15. On BSE, 4.07 crore shares were traded on the counter.

Bharatiya Global Infomedia's IPO closed on 14 July 2011. The company had priced the IPO at the top end of the Rs 75-Rs 82 per share price band. Retail investors category was subscribed 5.06 times followed by non-institutional investors category with 1.94 times. However, qualified institutional investors avoided the issue by putting no bids.

L&T Finance Holdings IPO fully bid

Gets bids for 22.51 crore shares

The initial public offer (IPO) of L&T Finance Holdings was subscribed 1.05 times as at 16:00 IST on the second day of the bidding for the issue today, 28 July 2011. The IPO received bids for 22.51 crore shares, compared with 21.45 crore shares on offer.

The price band for the IPO is Rs 51 to Rs 59 per share. The issue closes on Friday, 29 July 2011. The proceeds of the IPO will be used for expansion plans of two of its subsidiaries--L&T Finance and L&T Infrastructure Finance. Rating agencies CARE and ICRA have assigned an IPO grade 5 to the company's IPO indicating that the fundamentals of the company are 'strong' relative to the other listed equities.

Sensex at 5-week low on fears high interest rates will pinch corporate profit growth

Key benchmark indices sank to their lowest closing levels in five weeks on fears that higher interest rates will hurt corporate profit growth. The BSE Sensex was down 222.73 points or 1.21%. The market breadth was weak. Index heavyweight Reliance Industries (RIL) fell nearly 3%, extending recent losses triggered by weak Q1 operating performance.

The Sensex has lost 661.77 points or 3.5% in three trading sessions from a recent high of 18,871.29 on Monday, 25 July 2011, on fears that higher interest rates will hurt corporate profit growth. The Reserve Bank of India (RBI) on Tuesday, 26 July 2011, hiked its key lending rate by a steeper-than expected 50 basis points to tame inflation at a policy review.

Grey Market Premiums - L&T Finance, Inventure Growth

Company Name	Offer Price (Rs.)	Premium (Rs.)
Vaswani Ind.	49	1.50 to 2
Bharatiya Global	82	+ / - 1.50 to 2
Inventure Growth	117	4 to 4.50
L & T Finance	51 to 59	3 to 3.50
L & T Finance (ASBA)	51 to 59	--

Market may extend losses; food inflation data eyed

The market may extend losses for the third straight day on weak Asian stocks. The worries that higher interest rates will hurt corporate profit has hurt sentiment. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 62.50 points at the opening bell.

FIIs sold shares worth a net Rs 12.93 crore on Wednesday, 27 July 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) sold shares worth Rs 0.19 crore on that day. Fears that higher interest rates will hurt corporate profit growth pulled the market lower for the second straight day on Wednesday, 27 July 2011. The BSE Sensex fell 85.97 points or 0.46% to 18,432.25, its lowest closing level since 12 July 2011.

Markets may begin lower on global pressure

Global weakness may drag Indian markets in the opening trade. Weekly inflation numbers will be declared today.

Headlines for the day:

More rate hikes likely to follow, says FM

Cox & Kings to buy UK travel firm for Rs2,300 crore

Cadila Healthcare buys German firm from ICICI Venture

Daily News Roundup - July 28 2011

Vodafone Essar and Idea Cellular have raised tariffs by around 20% in select circles as well. Vodafone hiked tariffs in three circles-Delhi, Gujarat and Andhra Pradesh, and Idea raised tariffs in two circles of Delhi and Gujarat. (BS)

Infosys dismissed allegations by Jay Palmer, one of its American employees testifying before a US senate subcommittee on alleged misuse of B1 visas by Infosys. (ET)

Glenmark Pharmaceuticals has received US$15mn from US-based Salix Pharmaceuticals for upgrading the manufacturing facility for HIV-associated diarrhea drug Crofelemer. (BS)

Nifty falls for 2nd day…ends below 5550

The Indian equity markets extended the fall for second straight day after RBI’s shocking decision of hiking interest rates by an aggressive 50 bps. Just when we thought that the stock markets would stage a dead cat bounce, there was not respite on Dalal Street. The NSE Nifty lost further 28 points to close at 5546 while the BSE Sensex fell 86 points to end at 18431.

F&O expiry, SEBI meet and the usual

Most people are more comfortable with old problems than with new solutions. - Anonymous.

Multiple pressure points are at work in the markets at the current juncture. The RBI’s shock treatment is on top of the list followed by the political posturing in the US over how to manage the debt crisis. Mind you, the eurozone credit problems are not over yet.

The issue of corruption continues to haunt the markets. RBI governor D. Subbarao (he was finance secretary then) has been named in the 2G scam by former Telecom Secretary. The BJP is all set to dump B.S. Yeddyurappa after the Karnataka Lokayukta submitted its report on illegal mining.