Tips on Financial Planning for a Wedding!

Don't Go Bust with Wedding Expenses
In India, weddings are seldom a simple affair. Inability to keep a tight lid on expenses may result in family members resorting to high-cost debt like personal loans and credit cards. To avoid such hassles, you can devise a meticulously planned budget after taking your affordability and preferences into account.

Take Budgetary Vows: The challenge lies not in drawing up a budget, but in sticking to it.

Trim The Frills: While devising a budget, make a list of areas where cost-cutting can be carried out and the aspects where compromise is a strict no-no for you.

Learn The Slow Waltz: You can shop for the traditional bridal gold and diamond jewellery well in advance. Also, you can purchase in a staggered manner so that you even out the impact of a price rise
Get Smart With The Trousseau: Planning a trousseau can be done intelligently where you need to have a list of all ‘must haves’ and then lace it with frills if budgets permit.

Dream Décor: This is one area, which along with food, accounts for almost 50% of the wedding expenses. But it’s also easier to cut corners here as compared with the trousseau, make-up or even jewellery. You can make subtle changes which can lower your expenses substantially.

Serve Soul-Stirring Food : Finally, when it comes to food, don’t try to capture the entire globe on a single plate, people actually look forward to relish some local cuisine at weddings Hence, it’s better to stick to two or three cuisines.


Source :ET

Is there a link between market boom & cricket victory?

The 484-point surge in BSE benchmark Sensex on Wednesday coincided with the triumph of Indian cricket team against Australia -- thus corroborating claims of a correlation between trends in stock markets and cricket field.

Though it was purely a coincidence, many analysts believe there are some sentimental relationships between cricket and Dalal Street.
A recent research by Monash University in Australia showed that when India's cricket team loses one-day matches, stock markets take a beating.
Research by economists Russell Smyth and Vinod Mishra of Monash University suggested that the performance of the Indian cricket team in one-day matches can significantly impact the fortunes of the Indian stock market.

In the second test match, Tendulkar (53 not out) added a half century to his first innings double ton and capitalised on the foundation laid by debutant Cheteshwar Pujara (72) as India easily surpassed the target of 207 in the final session of the last day.
After trading in a narrow trading range for the past 7 days, the bulls were back with a bang on Dalal Street on Wednesday.

The BSE Sensex soared over 450 points and the NSE Nifty rose by over 140 points, among the biggest single-day gains in recent memor.


Source: Rediff

India- Biggest Maker of compact cars!

India aims to become the small car hub of the world by overtaking Japan, the biggest maker of compact cars, a majority of which is consumed domestically. Last year, it had pipped Brazil to become the second-largest producer of such cars.

While Japan produced 3.4 million small cars between January and December in 2009, India manufactured 1.48 million units in the same period.Top manufacturers like Maruti Suzuki, Hyundai Motor India and Tata Motors collectively sold 720,000 units of compact cars during the first six months of the year, reporting 32 per cent growth compared to the same period in the previous year.

"India will become the production centre of the world for compact cars, whose share could be as high as 80 per cent. The country will become the biggest manufacturer of small cars," Tata Motors managing director and chief executive Carl-Peter Forster said.
A lot of other automobile companies also believe that the demand for the compact cars in India has been growing in the last years as the buying capacity of people has been rising. The automobile sector at large has registered a robust growth in the first half of 2010 which is also expected to continue till the year end.


Source| Rediff

One of the youngest HNI’s in the world - Mark Zuckerberg

Mark Elliot "Zuck" Zuckerberg (born May 14, 1984) is an American entrepreneur who co-founded the social networking site Facebook. Zuckerberg co-founded Facebook with fellow classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while attending Harvard. He is a billionaire due to his 24% share of Facebook.

Zuckerberg launched Facebook from his Harvard dormitory room on February 4, 2004.The idea came to him because the Harvard administration was unable to implement an online directory in response to student requests.

Mark started Facebook with the intention of bringing the youth to a place where they can share, learn and have a good time. Mark’s success didn’t take too long & soon Facebook became very popular throughout the world making Mark one of the youngest HNI's in the world. Mark has become a great inspiration for everyone in this world.

Source:Wikipedia

Indian equity market holds a lot of opportunities!

India provides tremendous opportunities for financial inclusion via penetration and development in the Indian equity market today, a survey conducted by Nielsen Company said.

The top 5 cities in India contribute 84 per cent to trading in 2009-10, a figure up by 6 per cent from 2001-02. Cash trading volumes from Mumbai and Delhi alone account for 65 per cent of cash trading and 60 per cent of mutual funds volume.

The survey polled 1,207 current and potential retail investors from 12 cities across all geographic zones and levels of development, ages and occupation; 60 corporate, including banks and financial institutions, from the 4 metros and 120 SMEs from clusters in 12 cities throughout India.
There is also a great opportunity to impart financial knowledge. Nearly 94 per cent of retail investors have shown a strong willingness to participate in financial training programmers if they were to be offered in their vicinity.

The survey identified an appreciation of mobile phones as an enabler, a positive perception of competition as delivering better services and lowering trading costs and a desire for receiving financial training across the country. A clear majority of 56 per cent of retail investors across the country see mobile phones as the preferred channel that will likely enable them to participate in the equity market.

Source:Economic Times