Indian Railway Interim Budget- 2014

- No Increase in Passenger Fares and Freight

- Outlay of Rs 64,305 Crore Proposed for Rail Budget with A Budgetary Support of Rs 30,223 Crore

- 17 New Premium Trains, 38 Express Trains and 10 Passenger Trains Proposed

- Surveys For 19 New Lines and  Doubling of 5  Tracks to be Taken Up- Feasibility Study for High Speed Trains in Mumbai-Ahmedabad Corridor and Semi High Speed Projects to Taken Up on Select Routes

- To Prevent Fire Incidents Portable Fire-Extinguishers in Coaches and Induction Based Cooking Introduced in Pantry Cars

- Meghalaya and Arunachal Pradesh to be on Railway Map

Satya Nadella's letter to Microsoft employees

Speech by  new CEO of Microsoft

Microsoft Corp named India-born Satya Nadella as its next chief executive officer.Following is the text of Microsoft's new CEO Satya Nadella's letter toemployees. Today is a very humbling day for me. It reminds me of my very first day at Microsoft, 22 years ago. Like you, I had a choice about where to come to work. I came here because I believed Microsoft was the best company in the world. I saw then how clearly we empower people to do magical things with our creations and ultimately make the world a better place. I knew there was no better company to join if I wanted to make a difference. This is the very same inspiration that continues to drive me today. It is an incredible honor for me to lead and serve this great company of ours. Steve and Bill have taken it from an idea to one of the greatest and most universally admired companies in the world. I've been fortunate to work closely with both Bill and Steve in my different roles at Microsoft, and as I step in as CEO, I've asked Bill to devote additional time to the company, focused on technology and products. I'm also looking forward to working with John Thompson as our new Chairman of the Board.

"THE HARSHAD MEHTA SCAM" a perspective by Sameer Thakur

Harshad Shantila Mehta was born on July 29, 1953, at Paneli Moti, Rajkot District. His Early Childhood was spent in Kandivali, Mumbai, where his father was a small time businessman. Later, the family moved to Raipur, Chhattisgarh.

Mehta had started his working life as an employee of the New India Assurance Company. In the late Seventies every evening Harshad and his brother Ashwin started to analyze tips generated from respective offices and from cyclostyled investment letters, which had made their appearance during that time. In the early Eighties He quit his job and sought a job with stock broker P. Ambalal affiliated to BSE. Than He became a sub-broker for stock-brokers J.L. Shah and Nandalal Sheth. After a while he was unable to sustain his overbought positions and decided to pay his dues by selling his house with consent of his mother Rasilaben and brother. The next day Harshad went to his brokers and offered the papers of the house as guarantee. The brokers Shah and Sheth were moved by his gesture and gave him sufficient time to overcome his position. He became stronger after this incident and his brother quit his job to team with Harshad to start their venture GrowMore Research and Asset management Company Limited.

How to calculate Sensex?

Formula: - Index divisor X Free Float Market Capitalization

So, first we know about Index Devisor and Market Capitalization. 

Market Capitalization: - Many different types of investors hold the shares of a company. The Govt. may hold some of the shares. Some of the shares may be held by the “founders” or “directors” of the company. Some of the shares may be held by the FDI’s etc.

Now, only the “open market” shares that are free for trading by anyone, are called the “free-float” shares. When we are calculating the Sensex, we are interested in these “free-float” shares.

A particular company may have certain shares in the open market and certain shares that are not available for trading in the open market. According the BSE, any shares that DO NOT fall under the following criteria, can be considered to be open market shares