While speaking with CNBC-TV18, Jim Rogers conveyed that the Fed cut was a serious mistake and this would lead to higher inflation in US. The dollar would depreciate further and may trigger a recession in US.

He is bullish on gold and agricultural commodities.

His last two top selling books are ‘Hot Commodities : How Anyone Can Invest Profitably in the World’s Best Market’ and ‘A Bull in China: Investing Profitably in the World’s Greatest Market’

Fed cut was a serious mistake: Jim Rogers
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Source: Moneycontrol.com

Jim Rogers Sees `Skyrocketing’ Prices for Commodities
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Source: Bloomberg.com

Estimated net worth of Rs 6,000 to Rs 10,000 crore, Rakesh Jhujunwala feels that India will outperform other markets. Ranbaxy Laboratories is recent addition to his portfolio. He has sold BEML and offloaded part of his stake in Praj Industries. His other investments seem intact, though he is staying away from IT and real estate companies.

Rakesh Jhunjhunwala bullish on India
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Source: NDTVPROFIT.COM

Mkts to continue bullish till Diwali: Ramesh Damani
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Source: Moneycontrol.com

Remain invested, outlook is strong: Ramesh Damani
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Source: Moneycontrol.com

Rakesh Jhunjhunwala’s latest Portfolio
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Source: Theequitydesk.com

Billion dollar investing tips from Warren Buffet
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Source: Rediff.com

Though open offer or buy back of shares rewards share-holders with hefty returns, it is very important to understand the applicable tax on such arrangements.

As per the Income Tax rule, there is currently no capital gains tax on sale of shares after a holding period of more than one year. However, 10% of tax is applied for short term gain on shares. This exemption is available only if the shares are sold through the stock exchanges and the Securities Transaction Tax (STT) is paid.

However, in the case of open offer, the shares are tendered through investment bankers acting on behalf of the acquirer and no STT is paid in this transaction. Similar is the situation in the case of buy-back of shares or in the case of offer for delisting of the shares.

In all these three cases, the long term capital gain if the shares are held for more than one year would be 10% without indexation and 20% with the indexation. In case the shares are held for less than one year, the capital gain would be added to the other income and taxed at the applicable tax rates.

Make open offers less taxing
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Source: The Hindu Business Line

India’s principal power transmission public sector undertaking, Power Grid Corporation of India is entering the capital markets with an initial public offering (IPO) of 573,932,895 equity shares of Rs 10 each for cash at a price band of Rs. 44 – 52.

Most broking houses are recommending the IPO of the country’s principal electric power transmission to their clients. Analysts feel that the company that has excellent operational availability (above 99%), and has not had any grid disturbances since January 2003 is reasonably priced.

Subscribe to Power Grid IPO: UTI Securities
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Source: Moneycontrol.com

Brokerages give thumbs-up to Power Grid Corp IPO
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Source: The Economic Times

PowerGrid to put grid security over open-access demand
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Source: The Financial Express

Power Grid has bright future ahead: Experts
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Source: Moneycontrol.com

Upside in PGCIL from power trading, telecom biz: Edelweiss
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Source: Moneycontrol.com

PowerGrid plans separate telecom entity
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Source: The Telegraph