Indian Parents - please stop spending on weddings

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Things Money can`t buy you..

You aren’t wealthy until you have something money can’t buy.
- Garth Brooks

• A First Kiss from Someone Special – The sweet rush of butterflies in your tummy when you kiss someone special for the very first time.
• The Realization of True Love – The warm feeling you get many years after your first kiss when you realize you married the right person.
• Beauty – Because beauty is in the eye of the beholder.
• True Friendship – Through thick and thin, they stood by your side.  They were there when you had nothing but them.
• Peace of Mind – It can only be acquired with an honest heart.
• Beginner’s Eyes – You’ll never see it again for the very first time.
• The Joy of Telling an Interesting True Story – One of the most enticing roles we lead in life is that of a storyteller.  There are few things more satisfying than telling a true story that others enjoy listening to.
• Happiness – True happiness is achieved by doing what you love and being involved in something you believe in.
• Success – Success is simply excelling at doing what you love.
• A Single Moment of Time – Once it’s gone, it’s gone.  Don’t miss it.
• A Baby’s Laughter – Babies don’t care about money.  They care about kindness, love, and living in the moment.
• Surprise Encounters with Long-Lost Friends – You haven’t seen them in years, and you figured you’d probably never see them again.  Then suddenly, there they are standing right in front of you.
• The Feeling of Self-Accomplishment – You set your sights on a specific goal and followed through until you achieved it.  Now that’s something to celebrate.
• The Sound of Raindrops Outside – …as you snuggle up on the couch.  Few sounds are more soothing.
• A Good, Genuine Conversation – Those moments of verbal bonding when the topic of conversation flows seamlessly and all parties involved gain as much as they put in.
• An Unexpected Compliment – It seems like just another dreary Monday afternoon, but then she walks into your office and says, “I love your shirt.  That color looks great on you.”
• The Feeling You Get When Your Idea Works – You’ve been struggling to resolve a complex problem all day, but you just can’t seem to get it right.  Filled with frustration, you decide to try one last idea before calling it a night.  You’ve had many ideas before that failed miserably… but this time it works.
• Randomly Hearing Your Favorite Song – You’re stuck in bumper to bumper rush hour traffic, so you crank on a radio station for a little distraction.  The opening notes to your favorite song instantly chime in.
• Watching a Live Blooper Unfold in Front of You – As you walk alongside a friend, she trips over her own feet, wobbles erratically, regains her balance, and then tries to play it off like nothing happened.  Hilarious!
• A Sunny Sunday Afternoon – The birds are chirping, a light breeze in blowing through your hair, and the sun’s rays are warming your cheeks.
• The Rush of Adolescent Love – Those magical moments of adolescent lust and affection that only you and one other person rightly remember.
• Being In The Right Place at The Right Time – You’re sitting in the nosebleed seats at a professional baseball game.  The home team batter cranks a monstrous, game-winning home run.  The ball bounces off another fan’s glove two seats in front of you and lands right in your lap.
• The Recollection of Great Childhood Memories – Do you remember the first time you learned to ride a bike?  What about wrestling with your dad?  Or climbing trees with your friends?
• Reminiscing About Old Times with Your Best Friend – Those crazy life experiences only the two of you lived through together.  Like that wild 24 hour road trip to Atlanta, or that drunken night on the 3rd floor balcony of your college apartment.
• Passion – True wealth comes naturally to those who follow their hearts.  You can’t pay someone to be emotionally passionate about something.  Nor can you pay them to psychologically give-up on their passions.
• Objects of Sentimental Value – Old family photos, your great grandmother’s music box, that painting your baby brother made for you… some things are priceless.
• The Comfort of an Old Familiar Smell – You just pulled into your parent’s driveway after being away for a long while.  You smell familiarity in the air, the scent of the pine tree in the neighbor’s yard.  As you head through the front door, more familiar smells consume your senses.  Gosh, it feels good to be home.
• The Hilarity of an Inside Joke – You’ll never get it unless you were there at its inception.
• Amazing Talents You Are Born With – Like the mind of a genius or the voice of an angel.
• The Excitement of Making Someone Else Smile – Because her smile makes you smile back.
• Exercising Your 5 Senses – Sight, hearing, smell, taste and touch.  Each provides a gateway to rewarding personal experiences.
• Sharing a Good Laugh with Friends and Family – Some of the most memorable moments in your life will be moments spent in laughter.
• The Warm Coziness of Your Own Bed – No bed is more comfortable than your own.
• Watching Wild Animals in Nature – Like a hawk gracefully soaring above the tree line, or a deer prancing across a grassy field.
• A Home – Money can buy a house, but not a home.  Because home is where the heart is.
• Waking Up to the Smell of a Home Cooked Meal – You were still asleep, but someone special knew you’d be hungry soon.
• The Peaceful Sound of Absolute Silence – Shhhhh…
• Streams of Consciousness and Clarity – You’re ‘in the zone!’  Act while your mind is hot.
• The Sound of a Light Breeze Through the Trees – It’s the sound of Mother Nature all around you.
• The Captivating Experience of People Watching – The interesting (and sometimes foolish) things people do never ceases to please.  You can’t buy this quality of entertainment.
• Watching the Sunrise and Sunset with Your Beloved – Make time for this.  It’s worth it.
• The Sound and Sight of Ocean Waves – Another phenomenal act of Mother Nature.
• The ‘Pump’ After a Great Workout – You feel like you can conquer the world.
• The Blissful Act of Daydreaming – Just being… and thinking… and dreaming.
• When She Says “I Love You” - …and you know she means it because you can read the sincerity in her eyes.
• When an Unlikely Someone Remembers Your Birthday – A friend you haven’t seen in over a month calls you at 9AM on your birthday just to say “happy birthday.”
• Finding Something You Thought You’d Lost Forever – You searched for it for days and finally gave up.  Now, six months later, it basically appears right in front of you.
• The Inspiration Behind Creative Works of Art – Every piece of art is priceless in the eyes of someone who can relate to it.  The creative inspiration behind these works of art is no different.
• When Your Pet Snuggles Up Next to You – It’s just soooo cute.
• A Moment of Eye Contact with an Attractive Stranger – You’ve never seen them before, and you may never see them again.  But a moment was shared.
• A Long Hug from a Loved One – Those deep, warm hugs you wish you could nestle in forever.
• Happily Singing at The Top of Your Lungs – Well… You know you make me wanna shout! Kick my heels up and shout! Throw my hands up and shout! Throw my head back and shout! Come on now… Shout!
• Seeing Your Breath on a Chilly Night – A simple phenomenon that has entertained children since the beginning of mankind.
• The Feeling of Acceptance – You’re now a part of something greater… and it feels good.
• Watching the Clouds Form Cool Shapes – Never the same show twice.
• Cuddling a Newborn Baby – Precious… simply precious.
• When You Know You Can Trust Someone – You can see it in their eyes and you can feel it in your heart.  They have no ulterior motive.
• Sitting Around a Bonfire with Your Friends – One of the greatest settings for reminiscing and storytelling with those your care about.
• Seeing Two Elderly Folks Who are Madly in Love – It’s a sight of love that has surpassed the tests of time.
• The Beauty of a Moonlit Sky – Few simple pleasures are more satisfying than gazing up into a starry, moonlit sky.
• The Awesomeness of Skipping Rocks Across Water – It doesn’t matter how old you get, this one never gets old.
• Watching Lightning in the Distance – Peaceful and powerful at the same time.
• Slow Dancing in Your Living Room - Dancing is like dreaming with your feet. -Constanze
• Knowing She’ll Be There When You Get Back – Yes.  There is stability in your life.  And she’s a big part of it.
• Watching Her Sleep – Just being with her and breathing with her.
• The Colors of Fall – It’s Mother Nature’s artwork.
• People Who Make You Smile Just by Thinking of Them – Wherever I am, no matter what I’m doing, just thinking of her makes me smile.
• The Warm Touch of Your Beloved – It’s the touch no one else has.
• When You Realize People Are Reading What You Write – Words can’t explain it.  Thank you.
• The Excitement of a New Comment on Your Blog – We love these.  

Can you think of anything else money can’t buy?  Leave us a comment and let us know about it.

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Lack of Funds ...??

As they say, It starts with a dream.  Add confidence, and it becomes a belief.  Add commitment, and it becomes a goal in sight.  Add action, and it becomes a part of your life.  Add determination and time, and your dream comes true.

When you least expect it, something great will come along. Something better than you ever planned for. Mother Nature opens millions of flowers every day without forcing the buds. Let this be a reminder not to force anything, but to simply give beautiful things enough love and an opportunity to grow naturally.

Today, choose differently. Pick one part of your life that you are unhappy with and look at it from a different point of view. See the rain as nourishment for future growth. Consider being alone for a little while to create the solitude you need to hear your inner voice. Think of your lack of funds as an opportunity to experience the simple things in life. Right now, you can choose to allow the light to shine in your life. It is a choice. Why not allow it?

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Quit Your Job and Get Rich

Who doesn’t want to be rich? Each and everyone want to be rich. But the only thing which is required is your smartness and creativity. With that you can earn not only millions, but also your talent will increase. Quitting your job and searching for a new job is not a big deal. But your decision of quitting a monotonous job will be only appreciated once you start thinking of an idea which can make you a rich person. That doesn’t mean only wrong steps or ideas will take you forward to become a millionaire. There are other key factors which helps you to get rich, but that just requires your presence of mind and the hunger to work hard. Here are few main advantages that you can look upon by quitting a job, as reported on Make Money Website.

1. Rich people don’t work for money:

This is considered to be the hardest concept for people to understand. Many people think that those who are rich may be having lot of allowance; in fact it’s actually true and thus you need to work hard to get the allowance that helps you to become rich. But actually this is not the case. The rich people don’t actually work for money, they actually work for properties and later that properties will work for money. So in the same sense, if you are smarter enough, then buy a property that can produce you great income and work on them rather than going to a office to do the same monotonous work.

2. Quitting Your job helps you to bring out your creativity:

It is said that each one of us will be having some or the other talent inside us. But for few reasons we tend to be careless about creativity that is hidden inside us. If you work for a company, you tend to spend most of your hours of the week at your office working for that company. Many times you start working on something which you are not so passionate about. With all your work pressure at office you won’t have any time left to think about a new idea which can work for you as you would be already stressed out working the entire day. So, by quitting your job, it doesn’t mean that you have lost your creativity. Instead you will get more time to explore your inner talent. And for sure most of you will be creative enough to get the ideas which work out to you to become rich. This advantage you would never get if you are recruited somewhere working the whole day.

Other than these two ideas reported in the Make Money Website, there are few other tips reported by Rod on the Success Center website.

3. Save sufficient money, Quit Your Job and earn millions:

If you start saving your money from the very first salary without spending it much, you will get a good opportunity to spend it worthy in your future. So, if you save sufficient money for your future from your current job, in future if at all you plan to quit your job and start your own business, the money that you have saved comes to your help at this point of time. It makes setting up of your own business quite easy as you will be financially stable and you would be free from worrying about the financial support for your business. Once you start your business, try to maintain it in a way so that your business runs actively without any loss. With this method for sure you can earn lots of money.

4. Maximize your social media after you start a business:

Once you start your business you must always maximize your social media contacts because at present your social media has expanded enormously which we can say it’s mainly because of its low cost [or you can also say pretty much free] and you can get a large return on investment. It is absolutely a good way to connect with potential customers and also engage in a good way with present clients which makes it easier for them to trust upon you.

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Top Priority of Gen Y ..??? - "Money, Fame and Image"

Gen Y is always an interesting area for researchers and psychologists when it comes to behavioral studies. Yeah, Millennials’ profiles have been reviewed in every perspective. In a workplace, it is important to evaluate the trends of Gen Y employees for associating them to corporate world. Baby Boomers and Gen X were not a big headache for employers, may be because of the less competition in job market. Today, the number of business ventures has increased with a parallel increase of talents in the global job market.  The trend of shifting from companies to companies has also increased in such an extent.

Most studies say Gen Y is very selfish and more ego-centric. The recent study which appeared in the Journal of Personality and Social Psychology states that Millenials are more attracted to extrinsic goals which are associated to financial success, appearance, social recognition than intrinsic ones (self-acceptance, affiliation, community feeling).  The research has studied around 10 million young adults from 1966 to 2009 including Baby Boomers, Gen X and Gen Y. They were asked questions based on their involvement in community services, life goals along with asking how important it is for them to make an impact in the political structure, participating in charity services and being financially sound in society to develop a significant way of life. The findings show basic differences in community values and even in personal values while Gen Y gives more priority for ‘money, fame and image’.

More astoundingly, only 35 percent stay informed about political affairs, whereas, majority of the Millenials rated community issues are least important to them. Though, they could volunteer for many causes which give appearance, achievement and recognition.  The personal values and community values narrowed to a ‘me-centric’ system which can reason many personal issues like anxiety, despair, and isolation in a great level.

But the changing values of the Gen Y are more demanded in the society and in the personal level. While the tuning of Gen Y to Gen Me advantages by declining discrimination and developing equality, it makes negative impact with their detachment from community services and with impracticable expectations.

Have you thought of why Gen Y fascinated towards extrinsic goals? Well, more than reviewing Gen Y characteristics, many of the behavioral researchers are not interested to question ‘why’. Do you think, ‘what’ can make a big difference in the life style of Gen Y than ‘why’?

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Tips of Warren Buffet's to Get Rich

Warren Buffet is the richest man in the world, with an estimated wealth of $62 billion. He is eminently regarded as one of the most successful investors in the world and is called a ‘Legendary Investor’.

When he began buying stocks in Berkshire Hathaway in 1962, one share cost him around $7.50 dollar. But today the entire scenario is changed and at 81, Buffet is Berkshire’s Chairman and CEO and one share of the company’s class ‘A’ stock worth is close to $119,000. He credits his amazing success to several key strategies. Here are some of Buffett's money-making secrets and tips for you to get rich -

1. Reinvest Your Profits

When you first make profit in the stock market, you may be tempted to spend more in order to gain more. But he says, “Don't.” Instead, he suggests reinvesting the profits. Buffett learnt this lesson much early. In his high school, he and a mate bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines. When the friends sold the scheme, Buffett used the proceeds to buy stocks so that he could start another small business with the profit. By 26, he'd accumulated $174,000. Even a small sum can turn into great wealth, if it is wisely invested

2. Be Willing To Be Different

Don't let your decisions be based entirely upon what everyone says or does. When Buffett began handling money in 1956 with $100,000, he started with a handful of investors. Back then he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to inform his parents where he was investing their money. People foresaw it as a failure but after 14 years, when he closed his partnership; it was worth more than $100 million. Instead of following the crowd, he went out of the box and looked for underrated investments and ended up vastly beating the market average every single year. To Buffett, what everybody is doing is doing is the average. He says ‘to be above average, you need to measure yourself’ which he calls as ‘Inner Scorecard’, that is ‘judging yourself by your own standards and not the world's.’

3. Never Suck Your Thumb

When you need to make money investing or money making decision, gather all information regarding it in advance and solicit a friend or relative to make sure that you stick to your self decided deadline. Buffett prides himself on swiftly making up his mind, taking a decision and executing it. He calls any unnecessary sitting and thinking as “thumb sucking.” Whenever people offered him a business or an investment, he on spot answer was always, “I won't talk unless they bring me a price.”

4. Spell Out the Deal Before You Start

Your bargaining power is always at its greatest before you begin a job. This is a time when you have something good to offer to the other party. Buffett learnt this lesson the hard way as a kid, when his grandfather Ernest hired him to dig out the family grocery store after a blizzard. The boys spent five hours scooping until he could barely straighten his frozen hands. Afterward, his grandfather gave him less than 90 cents. Warren Buffett was shocked to see that he performed such backbreaking work only to earn pennies per hour. Always nail down the particulars of a deal in advance even the deal is with your friends and relatives.

5. Watch Small Expenses

Warren Buffett invests in businesses which are run by managers who are obsessed even over the tiniest of cost. He once acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated and Buffet really appreciated this. He also admired a friend who painted only the road facing side of his office building. Exercising alertness over every expense can make your profits and your paycheck.

6. Limit What You Borrow

Living mostly on credit cards and loans will not make you rich. Buffett has never borrowed a noteworthy amount, not even to invest or mortgage. He has gotten a number of heart rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: “Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest,” as quoted on his official website.

7. Be Persistent

With obstinacy and resourcefulness, you can even win against a well established competitor. In 1983, Warren Buffett acquired the Nebraska Furniture Mart as he liked the way its founder, Rose Blumkin, did business. She was a Russian immigrant, who built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the rich ones and she was a merciless delegate who was very good in negotiation. To Warren Buffett, Rose personified the unwavering courage that makes a winner out of an underdog.

8. Know When to Quit

Once, when Warren Buffett was in his teens, went to the racetrack. He gambled on a race and lost. To get back with his funds, he bet on another race. He lost again which actually left him with nothing. He felt sick and wasted nearly a week's earnings. But Buffett learnt from this and never repeated any such mistakes. He says, “Know when to walk away from a loss, and don't let anxiety fool you into trying again.”

9. Assess the Risk

In 1995, an employer of Warren Buffett's son, Howie, was accused by the FBI for price-fixing. Warren Buffett advised Howie to imagine the worst and best case scenarios if he stayed with his company. His son quickly realized the risks of staying in the company anymore and he quit the very next day. Hew says asking yourself “and then what?” can help you much more and will let you see all the possible consequences when you're struggling hard to make a decision.

10. Know What Success Really Means

Despite his wealth, Warren Buffett does not measure success as per the number of dollars. In 2006, he vowed to give almost of his fortune to charities, primarily to the Bill and Melinda Gates Foundation. He’s adamant about not funding monuments to himself. He doesn’t want any Warren Buffett buildings or halls. He says, “I know people who have a lot of money and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you'll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you've lived your life,” as quoted in his official website.

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How Billionaire`s Wives spend money

India’s super-rich billionaires have buckets of money although they spend most of it into business. But have you ever wondered what their better half’s spending habits are? Is it only shopping or fascination of luxurious accessories? Or they like to reinvest their money to make more profit out of it? Let’s have a look at their lifestyles.

1. Nita Ambani

Nita Ambani, daughter of senior Birla executive, is often called as the “Empress of India”. She is married to the Reliance Industry’s Chairman and MD, Mukesh Ambani, who is the richest man in the country with an estimated wealth of $22.3 billion. Her husband might have built one of the world’s most expensive houses but she is typical Gujju bargain-hunting wife who love to get hold of the best piece at the best rate.

For her high rise home Antilla, she wanted a crockery set of 25,000 pieces of chinaware. This crockery set was from a 106 years old Japanese brand ‘Noritake’, whose crockery is 22 carat gold/platinum-trimmed porcelain. Surprisingly she didn’t buy it from the Mumbai showroom rather she flew to Sri Lanka to get her piece as the price was 70-80 percent less in Sri Lanka than Mumbai.

2. Tina Ambani

Tina Ambani is married to the seventh richest man in the country, Anil Ambani, who has an estimated wealth of $7.8 billion. She is a shy person, and doesn’t like to disclose her spending habits or her purchases. In a chat with ET, she once said, “I'm a very shy person. Please don't make this interview about me”. She has her own “Harmony Art Foundation”, where she hosts many art shows. She generally peeps out only during her art shows.

She is mostly busy with her Harmony art show, Kokilaben Dhirubhai Ambani Hospital and Research Institute. As quoted by ET, she says, “I want to speak about the art show and my work, but the press seems more interested in my clothes and jewellery”. She buys pieces of upcoming artists to encourage them. She bought a 100-m long yacht worth nearly 200 crore, which can host 20 people apart from the crew. She is also a member of 161 year old Royal Bombay Yacht Club (RBYC) in Mumbai.

3. Savitri Jindal           

Savitri Jindal is a Industrialist who is also the fifth richest woman in the country with a net worth of $13.2 billion. She is also referred as “Indian Steel Baroness”. She overtook O. P. Jindal Group as Non Executive CEO, after her husband, Om Prakash died in helicopter crash in 2005.

She is a businesswoman but a very down to earth person. She doesn’t boast a luxurious life and she spends sparingly. She believes in reinvesting her money to make profit by buying or investing in stocks and shares.

4. Melinda Gates

Melinda French Gates is an American businesswoman and wife of Bill Gates, who is the world’s second wealthiest man with a net worth of $61.3 billion. She is the co-founder and co-chair of her foundation called “Bill & Melinda Gates Foundation”. This initiative makes her out of the list and the only reason is ‘Its Selfless’. In 1999, she along with her husband donated $5 billion of their personal wealth to this foundation.

The primary aim of this foundation is to enhance healthcare and reduce extreme poverty globally. This foundation is controlled by three trustees primarily – Bill Gates, Melinda Gates and Warren Buffet. This foundation mainly has three wings under it namely – Global Health, Global Development and United States Program.

5. Gauri Khan

Guari Khan is a film producer and wife of Sharukh khan aka the ‘King Khan’ of Bollywood. She is also the co-founder of ‘Red Chillies Entertainment’, a film production house. Though she is a celebrity’s wife but like to keep a low profile. She is considered as one of the most stylish women in Bollywood. Priya Tanna, Editor of Vogue India says, “That she is stylish, enigmatic, and poised is known, but at the shoot we saw another side of her. Even in the frames she shares with Shah Rukh, she holds her own impressively”, as quoted by Wikipedia.

By profession she is a Fashion Designer and also an interior designer by passion. She bought a house worth 20 million pounds in London and wanted Subodh Gupta to design it for her. She said to NDTV, “When I saw Subhodh's art for the first time it was still coming out and it was very close to my heart… I have just done up my place and in fact we invited him to our place. I wanted to show him our place because I thought if he gets inspired… he would tell us what would look good and what would work. So he called me and invited me to this exhibition to see what he has done and if I like something”.

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Ambani Brothers - Billionaires Patch Up

Mukesh Ambani, chairman of Reliance Industries, has set out a new agenda of cooperation with younger brother Anil’s firm and forecast more opportunities for his company in the power sector.

The warring Ambani brothers appear to be on the verge of arriving at a settlement. The reunion may fall short of a merger but will be enough to strengthen the businesses of both brothers, which have suffered in the course of the quarrel.


Mumbai's Dalal Street appears to be getting ready for the good news as Mukesh Ambani, 54, and Anil Ambani, 52, head for the patch-up.

The family split and division of Dhirubhai Ambani's huge business empire has hurt the respective businesses of the two sons and destroyed shareholder wealth.


Backrooms are abuzz with talk of the impending collaboration. Troubled by increasing competition, dwindling stock price and lack of the legendary Ambani clout in the corridors of power, the brothers are seeking a secret settlement to send a strong signal to pump up the markets.

The architect of this bridge, as in June 2005 and subsequently in May 2010, is matriarch Kokilaben Ambani, who has told her sons in no uncertain terms that it is time to collaborate.

The first sign that something positive was afoot came in November 2010 when Anil's Reliance Anil Dhirubhai Ambani Group (ADAG) (revenue Rs.46,000 crore) dropped his name from the master brand, rechristening it Reliance Group.

Satraps across the two groups gradually began to ease up on the ratcheting up of disinformation and misinformation against one another.


The first agreement that is likely to come through will be between Mukesh's Reliance Industries Ltd (RIL) and Anil's Reliance Communications' (RCom) to lease the latter's telecom tower infrastructure to launch RIL's forthcoming broadband and wireless Internet services. India Today learns that the deal will help Anil substantively reduce his huge debt of Rs.33,000 crore.

The Ambani brothers may also combine in the insurance business. Until last week, Mukesh Ambani's RIL was in talks with Sunil Mittal's Bharti Enterprises to buy the latter's stake in Bharti-AXA, a 76-24 joint venture with the French insurance major AXA. That would have pitted Mukesh Ambani against Anil Ambani's Reliance Life Insurance and Reliance General Insurance in a competitive insurance market. The negotiations between RIL and Bharti broke down abruptly after six months.

Both brothers have been troubled by regulator Comptroller and Auditor General of India (CAG) and even investigative agencies lately, affecting their share prices. On November 30, the RIL scrip rose by Rs.13.80 to close at Rs.779, while Anil's flagship RCom was up by Rs.1.20 to close at Rs.74.10.

Their combined wealth now stands at $28.5 billion (Mukesh is worth $22.6 billion and Anil $5.9 billion, according to Forbes India, October 2011), down from the $85 billion in 2008 at the peak of their slugfest over gas allocation, which ended in the Supreme Court with a bitter defeat for Anil.

Last month, the brothers met at the wedding anniversary celebrations of their sister Dipti Salgaocar in Goa.

ICICI Bank's chairman emeritus and longtime confidant of the family, K. V. Kamath, and the bank's chief executive officer (CEO) Chanda Kochhar are reportedly playing mediators.

Hope 2012 see market touching new heights due to this strong billionaires patch up.

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PAN must to buy jewellery worth Rs5 lakh and more or paying an insurance premium of Rs 50,000

Any person planning to buy jewellery worth Rs5 lakh and more or paying a life insurance premium of Rs50,000 or above, has to quote PAN (Permanent Account Number) from July 1. As per the amendments in the income tax (I-T) rules, coming into effect from July 1, quoting PAN will be mandatory for any payment of Rs5 lakh and above for purchase of jewellery or insurance premium of Rs50,000 or abov.
The customer would need to submit copy of his PAN and quote it as well with the jeweller, while buying jewellery.
High-value purchase of jewellery, among valuables, have often been feared to be a much favoured route for circulation of black money and quoting of PAN would help the tax authorities in tracking such transactions.
From July 1, if a bank wants to issue a debit card to its customer, the latter has to quote PAN.
Till date it is applicable in the case of issuance of credit card.
The PAN will also become mandatory in the case of paying a life insurance premium of Rs50,000 and above.
Transactions that already require PAN include sale or purchase of any immovable property valued at Rs5 lakh or more, sale or purchase of vehicles other than two-wheelers and bank deposits exceeding Rs50,000.

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Stock Market in Simple Terms

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New Fund Offers

Schemes Regular

Name		Open Date	Close Date
Axis Gold Fund (D)		30-09-11	14-10-11
Axis Gold Fund (G)		30-09-11	14-10-11
DSP BR World World Agriculture (D)		30-09-11	14-10-11
DSP BR World World Agriculture (G)		30-09-11	14-10-11
ICICI Pru CPO Fund - Sr-IV 36M (D)		22-09-11	05-10-11
ICICI Pru CPO Fund - Sr-IV 36M (G)		22-09-11	05-10-11
L&T MIP - Wealth Builder Fund (G)		27-09-11	11-10-11
L&T MIP - Wealth Builder Fund (MD)		27-09-11	11-10-11
L&T MIP - Wealth Builder Fund (QD)		27-09-11	11-10-11

previous fund offers

Schemes FMP

Name		Open Date	Close Date
Axis FTP - Sr 16 (370D) (D)		22-09-11	05-10-11
Axis FTP - Sr 16 (370D) (G)		22-09-11	05-10-11
Axis FTP - Sr 16 (370D) (QD)		22-09-11	05-10-11
Birla SL FTP Sr-DQ (370D) (D)		03-10-11	11-10-11
Birla SL FTP Sr-DQ (370D) (G)		03-10-11	11-10-11
BNP Paribas FTP Sr-22 E (369D) (AD)		29-09-11	13-10-11
BNP Paribas FTP Sr-22 E (369D) (DM)		29-09-11	13-10-11
BNP Paribas FTP Sr-22 E (369D) (G)		29-09-11	13-10-11
BNP Paribas FTP Sr-22 E (369D) (QD)		29-09-11	13-10-11
DSP-BR FMP 12M - Sr-14 (D)		03-10-11	10-10-11
DSP-BR FMP 12M - Sr-14 (G)		03-10-11	10-10-11
DWS FTF-Sr 91 (3 years) (D)		04-10-11	18-10-11
DWS FTF-Sr 91 (3 years) (G)		04-10-11	18-10-11
HDFC FMP 24M Sep 11 Sr19 (1) (D)		30-09-11	10-10-11
HDFC FMP 24M Sep 11 Sr19 (1) (G)		30-09-11	10-10-11
HDFC FMP 370D Oct 11 Sr19 (1) (D)		03-10-11	05-10-11
HDFC FMP 370D Oct 11 Sr19 (1) (G)		03-10-11	05-10-11
ICICI Pru FMP Sr-57-3Yr- Plan B (D)		07-10-11	17-10-11
ICICI Pru FMP Sr-57-3Yr- Plan B (G)		07-10-11	17-10-11
Reliance FHF - XX Series 32 (D)		03-10-11	11-10-11
Reliance FHF - XX Series 32 (G)		03-10-11	11-10-11
SBI DFS 18 Months (7) (D)		29-09-11	07-10-11
SBI DFS 18 Months (7) (G)		29-09-11	07-10-11
SBI DFS 90 Days (50) Oct 2011 (D)		03-10-11	05-10-11
SBI DFS 90 Days (50) Oct 2011 (G)		03-10-11	05-10-11

 

Mutual Fund New Fund Listings

Scheme	Fundclass	NAV	Returns(%)
Peerless Equity Fund (G)	Equity Diversified	10.00	0.01
SBI Gold Fund (G)	Gold	9.54	-4.65
Union KBC Liquid Fund (G)	Money Market	1026.08	10160.77
Union KBC Equity Fund (G)	Equity Diversified	8.74	-12.60
Pramerica Treasury Advantage (G)	Debt - Short Term	1031.39	3.14

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Upcoming Mutual Fund Offers

Date of filing with SEBI	Draft offer documents on SEBI
16-09-2011	DSP BlackRock Dual Advantage Fund - Series 1 to 10
16-09-2011	Escort Fixed Maturity Plan - Series III
13-09-2011	SBI Capital Protection Oriented Fund Series VI
13-09-2011	SBI Capital Protection Oriented Fund - Series V
13-09-2011	SBI Capital Protection Oriented Fund Series VI

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