Maruti Suzuki, India's largest car maker to discontinue the sales of Maruti 800 in 13 cities, said its Chairman R.C. Bhargava.

Maruti Suzuki, India's largest car maker to discontinue the sales of Maruti 800 in 13 cities, said its Chairman R.C. Bhargava.

Maruti
Suzuki, India's largest
carmaker, has no plans to
upgrade its lowest- priced
Maruti 800 model to meet
Euro IV emissions
standards, Chairman R.C.
Bhargava said on Friday.
Bhargava said sales of the
model would be
discontinued in 13 cities
from April. Maruti is 54.2
percent owned by Japan's
Suzuki Motor Corp.
Maruti Suzuki India said it
will bring the curtains
down on its once bread-
and-butter car Maruti 800
from April. India's largest
carmaker, has no plans to
upgrade its lowest- priced
Maruti 800 model to meet
Euro IV emissions
standards, chairman R C
Bhargava said on Friday.
Maruti 800, made its
debut back in 1982.
Bhargava said sales of the
model would be
discontinued in 13 cities
from April.
The carmaker, whose
hatchback bouquet
includes M800, Alto,
WagonR, Estilo, A-Star,
Ritz and Swift, is now
looking to reduce the
number of its vehicle
platforms. This will mean
phasing out of some
products that don't meet
emission norms.
The cities where BSIV
norms will set in from
April 2010 are Delhi,
Mumbai, Kolkata, Chennai,
Bangalore, Hyderabad,
Pune, Kanpur,
Ahmedabad, Surat and
Agra. Other cities will
come under BSIII norms,
making it possible for the
company to sell the cars.
However, these would
also come under BSIV
norms by around
2015-16, that would finally
mean phase-out of the
two models.
Companies ranging from
Toyota to Volkswagen to
Ford and Nissan are
gearing up to launch small
cars in India. Meanwhile,
homegrown auto major
Tata Motors has also
usurped the tag of entry-
level carmaker from
Maruti Suzuki by
launching the Nano,
priced significantly below
the M800.
Maruti had earlier phased
out one of its brands Zen.
Even as it launches more
and more new cars to
keep customers within its
fold by offering a wide
basket of products, the
company is also looking
to sharpen its edge by
making the Alto — its
most successful model —
even more price efficient.
Maruti is 54.2 percent
owned by Japan's Suzuki
Motor Corp.

[src: TOI]

Asian Stock Markets Trading Hours

Asian Stock Markets Trading Hours

Asian Stock Markets Trading Hours

Normal Trading Hours
Current time (GMT+8)

Country	Morning Session	Lunch Break	Afternoon Session
AUSTRALIA	10:10am	to	04:00pm
CHINA	9:30am to 11:30am	11:30am to 1:00pm	1:00pm to 3:00pm
HONG KONG	10:00am to 12:30pm	12:30pm to 2:30pm	2:30pm to 4:00pm
INDIA	9:55am to 11:25am	11:25am to 12:10pm	12:10pm to 3:30pm
INDONESIA Note: ForFriday, due to praying, trading hours change slightly. (see in blue)	9 :30am to 12:00pm9:30am to 11:30am	12:00pm to 1:30pm11:30am to 2:00pm	1:30pm to 4:00pm 2:00pm to 4:00pm
JAPAN	9:00am to 11:00am	11:00am to 12:30pm	12:30pm to 3:00pm
MALAYSIA	9:00am to 12:30pm	12:30pm to 2:30 pm	2:30pm to 5:00pm
NEW ZEALAND	10:00am	to	4:45pm
PHILLIPINES	9:30am to 12:00pm	NA	closed
SINGAPORE	9:00am to 12:30pm	12:30pm to 2:00pm	2:00pm to 5:00pm
SOUTH KOREA	9:00am	to	3:00pm
TAIWAN	9:00am to 12:30pm	12:30pm to 1:40pm	1:40pm to 2:30pm
THAILAND	9:55am to 12:30pm	12:30pm to 2:25pm	2:25pm to 4:35pm
VIETNAM	8:30am to 11:30am	NA	closed

Click on 'Country ' as shown above(where applicable) for detail trading hours.
Note:
1. Time indicated above are in GMT+8 format, for Daylight Saving Time, please set the time 1 hour ahead.

2. There are no trading on weekends and public holidays. Typically, when a holiday falls on Sunday, the following Monday will be a public holiday, and if this day is already a holiday, then the next day shall be a public holiday.

3. Typically, trading on Christmas Eve (24 December 200x) and New Years Eve (31 December 200x) will be closed on afternoon session.

Some budget facts you should know!

Morarji Desai holds the record for presenting the highest number of budgets - 10, of these 8 were annual ones and 2 were interim ones. He also had the honour of presenting the budgets in 1964 and 1968 on 29th February, which happened to be his birthday. He had 2 stints, one as a finance minister and another as a deputy minister.

The month of February is upon us. And it is time for Budget. But the first budget of independent India was presented in the month of November in 1947. Among the Finance Ministers, Morarji Desai holds the record for presenting the highest number of budgets.

The month of February is upon us. Everybody looks forward to this month. But what is so special about this month? Valentine's Day of course -- and Budget. Budget is an annual exercise undertaken by the government that keeps everyone, whether rich or poor, on their toes. Here is some information about budget that you may not be aware of.

The term budget is derived from bowgette in the Middle English. The term bowgette in turn was derived from the Middle French word bougette. It is an abbreviated form of bouge, denoting a leather bag.

Nowadays, the budget is presented in the month of February. But are you aware it was not always so? The first budget of independent India was presented by the then first Finance Minister Sir R.K. Shanmugham Chetty on 26th November 1947. It was designed on the lines of the Bombay Plan of 1944, which was jointly written by John Mathai, GD Birla & JRD Tata. This budget was simply an overview of the country's financial situation and did not include any major financial initiatives.

In 1950-51 budget, the then finance minister John Mathai announced the creation of the Planning Commission. But he subsequently resigned as he considered that the Planning Commission was turning into a super cabinet.

Then came C.D. Deshmukh, who was not only the first Governor of RBI but also the finance minister. He first introduced thebudget in Hindi in 1955-56. He was succeeded by T T Krishnamachari, who found that the computations in Deshmukh's budget had gone haywire. He highlighted the altered economic condition and the necessity of levying new taxed even though his budget was not yet presented.

During the initial years, the budgets concentrated mostly on agriculture. But subsequently they started focusing on other sectors such as industries, finances, services etc. When Dr. Manmohan Singh took over as finance minister, the focus shifted to liberalization and making India a global economic power

After some years, he resigned owing to irreconcilable differences with Jawaharlal Nehru and the budget of 1958-59 by Nehru himself. This was quite a momentous event as till then it was the finance minister's job to present the budget.

Morarji Desai holds the record for presenting the highest number of budgets - 10. of these 8 were annual ones and 2 were interim ones. He also had the honour of presenting the budgets in 1964 and 1968 on 29th February, which happened to be his birthday. He had 2 stints, one as a finance minister and another as a deputy minister.

In between his 2 stints, T.T. Krishnamachari was again elected as the finance minister. He was responsible for introducing voluntary disclosure scheme that would enable people to disclose their hidden wealth. It was supposed to be one time measure but has become a permanent fixture today.

During the initial years, the budgets concentrated mostly on agriculture. But subsequently they started focusing on other sectors such as industries, finances services etc. right from 50s till 1985, the focus was on public finances like savings, taxes, inflation etc.

But when Dr. Manmohan Singh took over as finance minister, the focus shifted to liberalization and making India global economic power. He started the process of government disinvestment that is still continuing even today.

Well, these are few facts regarding the Indian budget that can make for good conversation pointers over your favourite cuppa!

src-msn

Post Office Deposit Rates ,Features & Tax Deduction

Kisan Vikas Patra

Intrest : Double in 8 yrs 8 months
Effective Intrest Rates : 8.41%
Min.Amount : Rs 100
Max.Amount : No Limit
Tax Breaks : None

Monthly Income Scheme

Intrest : 8% + 5% bonus at maturity
Tenure : 6 years
Min.Amount : Rs 1000
Max.Amount : Rs 4.5 lakh for single a/c
Rs 9 lakh for joint a/c
Tax Breaks : None

National Saving Certificate

Intrest : 8%
Effective Intrest Rates : 8.16% (semi annual compounding)
Tenure : 6 years
Min.Amount : Rs 100
Max.Amount : No Limit
Tax Breaks : None

Public Provident Fund

Intrest : 8%
Tenure : 15-16 years
Min.Amount : Rs 500
Max.Amount : Rs 70,000 p.a
Tax Breaks : Section 80C deduction

Recuring Deposit

Intrest : 7.5%
Tenure : 5 years
Effective Intrest Rates : 8.41%
Min.Amount : Rs 10
Max.Amount : No Limit
Tax Breaks : None

Senior Citizens Saving Scheme

Intrest : 9%
Tenure : 5 years
Min.Amount : Rs 1000
Max.Amount : Rs 15 lakh
Tax Breaks : Section 80 C deduction
Min. Age : 60 years

GOLDEN RULES FOR TRADING

• Divide your Risk Capital in 10 Equal Parts.

As part of the Successful money management, it is always advised to divide your Risk Capital (which you can afford to lose) into 10 equal Parts and at any given time none of your Single Trade should have more than 3 parts of your capital in it even if you are in a winning position. At the same time always keep some spare money for any Buying Opportunity, which may come any time.

• Trade ONLY in active & high Volume Stocks/ Futures.

Many Traders get stuck with stocks for want of liquidity. Always rely upon Stocks which have reasonably high volume over a period of time. High Volume are always advised for easy Entry, Exit and Stop Loss. In low volume stocks the spread is too high and chance of Stop Loss limit getting failed is too high as there would be no Buyer or seller at your Stop Loss Level.

• Come Prepared with a Trading Plan

Successful traders always keep their Trading Plans ready before entering into any transactions. One must prepare a Watch List or Probable candidates for Day's trading and remain focused on the movement of those stocks only. For example a Stock 'X' is on verge of a Bullish Breakout from any pattern or stock 'Y' has declined substantially after an initial sharp upmove or stock 'Z' is close to an important support level. Successful trader would concentrate on the movement of those stocks only and enter the trade as soon as stock 'X' gives the anticipated breakout or stock 'Y' starts an upmove or stock 'Z' breaks the support level to initiate a trade for quick gains.

• Never Over Trade

This is the most common mistake committed by Traders, particularly after a Streak of winning Trades. This mistake Generally not only wipes off all the profits, but puts traders in heavy losses. In order to remain in market while making consistent Profits, under no circumstances, traders should go beyond their Risk Capital.

• Trade in 2 to 4 Stocks at a time with strict Stop Loss.

In a Bull move, most of the stocks move up and similarly in any Bear Move, most of the stock moves southwards. As a Trader you know this fact but can you Buy 20 Stocks and try to make profit in all the 20 stocks just because all are moving up or vice versa in a Down trend? What will happen if market reverses without any indication on any bad news? Would you be able to monitor all your trades in such situation? Smart and Successful trader would trade in 2 to 4 stocks with strict Stop Loss and keep a strict vigil to avoid any misfortune in case of any eventuality.

• Sell Short as often as you go Long.

More than 90% of common investors/ Traders are 'Bulls' by nature. Because they love to see prices going up only. Stocks are bought by anybody/ corporate/ financial institutions/ Mutual Funds to make profit on rise. They have large holdings and mentally they wish and pray for the market to rise only. But facts are different. History shows that Bull Phases have shorter duration that Bear phases. So every stock that moves up will retrace back to 38%-50%-66%. Since 90% investors are Bulls by heart they normally do not book profit at higher levels to re-enter later at lower levels instead they prefer to increase their portfolio at lower levels. Successful Traders know how to capitalize such correction. They are always prepared to go 'Short' as often as they trade on 'Long' side.

• Don't Trade if you are not Clear.

Many Traders, because of their daily habits trade even when there are no signals to buy or short. Normally such situation arrives after a sharp rise or decline when stocks are adjusting their values. While some stocks attempt to move up, few may be taking breather before next move. Such situation are often confusing. There is no harm in taking rest for a day or two or short period if the trend is choppy, unclear or doubtful, instead of putting your money at higher risk.

• Don't expect Profit on Every Trade.

If you consider you are a smart trader who can make profit on every trade, you are 100% wrong. Always be flexible and accept the fact as soon as you realize that you are on wrong side of the trade. Simply get out of the trade without changing your strategy during the market; it may cause you double losses.

• Withdraw portion of your profits.

The business of Trading is excellent as long as you are making profits. Unlike other business your losses can be unlimited and rapid if market does not move as per your expectations. While in other businesses you may have other remedial measures available but in trading it is you only who has to control it. Traders have large egos particularly after series of successful trades and their tendency to enlarge commitments in overconfidence may cause major financial set back. There fore it is must that trader must take a portion of the profit and put it in separate account. This is absolutely must for long term stability in the market.