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Archive for the ‘Finance’ Category

Reliance Industries Limited (RIL) is shocked and outraged by the reports broadcast on Thursday, first by TV5 and later by a few other Telugu television channels, which attempted to link us with the most tragic death of former Chief Minister Dr.Y.S. Rajasekhara Reddy.

Reliance Industries strongly condemns and unequivocally refutes all the allegations with the contempt they deserve. The unsubstantiated, malicious and motivated reports are utter rubbish, without an iota of truth in them. That the news channels sensationalized a speculative story appearing on a little-known foreign website of dubious credentials, without crosschecking with us, betrays their mala fide intentions.

This is further evident from the sudden, pre-meditated, organized and well-coordinated attacks on RIL’s various installations and properties across the State that ensued within minutes of the first news broadcast. These orchestrated criminal acts have caused extensive damage to our properties. Worse, some of our personnel and valued customers have been injured in the mindless violence. All this has been done in cahoots with our business rivals.

Reliance Industries will proceed legally against TV5 for deliberately telecasting a false report, which has tarnished our reputation, harmed our customers, and caused us business losses. We demand that the Central and State governments conduct a thorough inquiry into the synchronized criminality of the news channel and the perpetrators of violence against Reliance Industries. The culprits must be brought to justice.

Reliance Industries is a law-abiding corporate citizen. We have cordial relations with all the stakeholders in the state, including leaders of all the political parties. We fondly recall our association with the late Chief Minister Dr. Y.S. Rajasekhara Reddy. Thanks to his active support, several of our business initiatives in Andhra Pradesh took off and RIL rapidly expanded its footprint across the State. Our significant investments in Andhra Pradesh have benefited both the State and the nation. Today we are one of the biggest private sector employers, providing direct and indirect employment to more than 10,000 people in the State.

We deeply regret inconvenience caused to our customers in the State following the disruption of our business activities. We sympathise with, and sincerely apologize to, our customers.

18
Jul

Mortgage Brokers for help

Posted by supervisor in Finance

Each country has their rules and regulation separately. They framed the law according to the social status and environment condition. A good law is to touch the loop and corner of the social issues. The mortgaging is a term that can be explained as an art working for reassessing the financial situation of the people and also can help in availing the much need money during the crunchy situation of the money flow. Mortgage is also a kind of social issue where lot of people being benefited through that system. In all the countries laws are favoring for the customer rather than a bank and brokers. If the brokers and bank didn’t follow these rules then it should be arise as big problem for them. The interests of people are to be safeguarded in any to business to shine in that particular field of business. Mortgaging has gained popularity among the people in recent years. Some websites offer Free Mortgage Advice that facilitates easy scooping of best mortgage plans that could help the person financially. Also presence of Mortgage Finder enables a person to find out Mortgage Brokers who will support the person with financial assistance in short interval of time.

13
Mar

Determine Your Risk Tolerance

Posted by supervisor in Finance

Each individual has a risk tolerance that should not be ignored. Any good stock broker or financial planner knows this, and they should make the effort to help you determine what your risk tolerance is. Then, they should work with you to find investments that do not exceed your risk tolerance.

Determining one’s risk tolerance involves several different things. First, you need to know how much money you have to invest, and what your investment and financial goals are.

For instance, if you plan to retire in ten years, and you’ve not saved a single penny towards that end, you need to have a high risk tolerance – because you will need to do some aggressive – risky – investing in order to reach your financial goal.

On the other side of the coin, if you are in your early twenties and you want to start investing for your retirement, your risk tolerance will be low. You can afford to watch your money grow slowly over time.

Realize of course, that your need for a high risk tolerance or your need for a low risk tolerance really has no bearing on how you feel about risk. Again, there is a lot in determining your tolerance.

For instance, if you invested in the stock market and you watched the movement of that stock daily and saw that it was dropping slightly, what would you do?

Would you sell out or would you let your money ride? If you have a low tolerance for risk, you would want to sell out… if you have a high tolerance, you would let your money ride and see what happens. This is not based on what your financial goals are. This tolerance is based on how you feel about your money!

Again, a good financial planner or stock broker should help you determine the level of risk that you are comfortable with, and help you choose your investments accordingly.

Your risk tolerance should be based on what your financial goals are and how you feel about the possibility of losing your money. It’s all tied in together.
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13
Mar

Choosing a Broker

Posted by supervisor in Finance

Depending on the type of investing that you plan to do, you may need to hire a broker to handle your investments for you. Brokers work for brokerage houses and have the ability to buy and sell stock on the stock exchange. You may wonder if you really need a broker. The answer is yes. If you intend to buy or sell stocks on the stock exchange, you must have a broker.

Stockbrokers are required to pass two different tests in order to obtain their license. These tests are very difficult, and most brokers have a background in business or finance, with a Bachelors or Masters Degree.

It is very important to understand the difference between a broker and a stock market analyst. An analyst literally analyzes the stock market, and predicts what it will or will not do, or how specific stocks will perform. A stock broker is only there to follow your instructions to either buy or sell stock… not to analyze stocks.

Brokers earn their money from commissions on sales in most cases. When you instruct your broker to buy or sell a stock, they earn a set percentage of the transaction. Many brokers charge a flat ‘per transaction’ fee.

There are two types of brokers: Full service brokers and discount brokers. Full service brokers can usually offer more types of investments, may provide you with investment advice, and is usually paid in commissions.

Discount brokers typically do not offer any advice and do no research – they just do as you ask them to do, without all of the bells and whistles.

So, the biggest decision you must make when it come to brokers is whether you want a full service broker or a discount broker.

If you are new to investing, you may need to go with a full service broker to ensure that you are making wise investments. They can offer you the skill that you lack at this point. However, if you are already knowledgeable about the stock market, all you really need is a discount broker to make your trades for you.
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