NDPMS Wealth Management

Despite the global downturn, countries such as Hong Kong and Singapore have seen sky-high property price rises, with Singaporean property prices souring around 60 percent in the past three years. Asia-Pacific's booming property markets are reliant on ultra-loose US monetary policy — and prices could plummet by up to 50 percent when the Federal Reserve starts tapering off its asset purchases, a senior economist warned CNBC. "The Asian housing market has become increasingly dependent on U.S. funding. So if there is one property market in the world where you find dependence on what happens next in the Federal Reserve it is a market like Hong Kong," said Steen Jakobsen, the chief economist and chief investment officer at Saxo Bank, who had just completed a week-long trip to Singapore, Indonesia and Hong Kong. Speculation has continued for months as to when the Fed might start scaling back its massive USD 85 billion-a-month bond-buying program, designed to aid the country...

Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 percent in the last three years, says an Assocham survey. Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 percent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham Secretary General D S Rawat said. The survey found that net financial savings by Indians, which include deposits with banks and non-banking finance companies, cash, investment in stocks, debentures and small savings instruments have dipped considerably becau...

As per Quick Estimates on the Index of Industrial Production (IIP), industrial growth in September 2013 reported growth of 2.0% as compared to marginal 0.4% in the previous month and a contraction of 0.7% in September 2012. The industrial production for September 2013 surprised negatively by coming in much lower than market expectations of 3.5% growth owing to disappointing manufacturing sector data. In terms of sector-wise classification, the Electricity sector reported robust 12.9% growth as compared to 7.2% in the previous month and 3.9% in September 2012. The growth in electricity production (owing mainly to thermal production) has supported the overall index by contributing 1.2% to the overall headline growth print. Going ahead in October 2013 however, owing to the high base during the corresponding month of the previous year, electricity production is likely to clock a modest growth. The Mining sector reported 3.3% gro...

Moneycontrol Bureau Telecom operator Reliance Communications ' second quarter consolidated net profit jumped over six-fold quarter-on-quarter to Rs 675 crore, driven by provision write back. The company, during the quarter, reassessed the requirement of maintaining balance of Rs 441 crore of provision of business restructuring created pursuant to the schemes of amalgamation approved by High Court in financial year 2006-07. The board determined that it is no longer required to maintain provision, hence that amount credited to other income. Consolidated revenues, which were announced after market hours on Tuesday, declined nearly a percent on sequential basis to Rs 5,361 crore in the quarter gone by. Voice revenue stood at Rs 3,384 crore and non-voice revenue at Rs 1,018 crore during the quarter. The company beat on bottomline as well as on operational front, but topline was a miss. According to a CNBC-TV18 poll, analysts had estimated net profit at Rs 108 crore on revenues of Rs 5,...

October Trade Deficit at $10.56 Bn vs $6.56 Bn Gold & Silver Imports at $1.37 Bn vs $.8 Bn (mom) 7.16% 2023 CG Bond Yield trading at 9.0376 up by 0.56%