Archive for the ‘Finance’ Category

Moneycontrol App for iPad/Moneycontrol iPad App

Moneycontrol.com is most trusted financial website of India. Moneycontrol.com covers business, economy and financial markets. Now Moneycontrol app for iPad is also available and this Application is very useful for iPad users.

The Moneycontrol app is your gateway to all critical real-time information about the Indian and global markets through your iPad. If you are an investor, trader, professional or just interested in business, economy and financial markets, you will find this to be an invaluable tool. And this application is powered by moneycontrol.com.

You can use the application to get real time stock quotes, Indian and Global market Indices, manage and keep track of your investment portfolio, watch Live TV and get in-depth coverage & analysis of financial markets, economy and business.The application is now available to you on your iPad1 and iPad2. The Moneycontrol application for iPad is free.

Visit for Moneycontrol App for iPad

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How will Nokia Money work

Nokia launches Nokia Money across India. The service gives people a secure wallet for their money that can be used to make payments without the necessity of having a bank account.

There are considerably more Nokia dealers than there are bankers in the country. Enabling them to also act as Nokia money agents, able to top up funds on your phone, will mean that considerably more people can have access to simple financial services that were previously unobtainable.

How will Nokia Money work-
All people need to do is to go to their local authorised Nokia retailer, who can set up the service on their phone, then the customer pays cash to the agent and has the digital cash transferred to their phone in an instant SMS message. Their mobile can then be used to securely settle utility bills, phone top-ups, insurance premiums and tickets among other payments.

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Apply in IPO or FPO Using ASBA facility

ASBA means Application Supported by Blocked Amount. ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed.

Under the ASBA facility, investors can apply to any IPO or FPO or Rights Issues by using their bank account. Investor have to submit the ASBA form available at the designated branches of banks acting as SCSB after filling in details such as name, PAN number, demat account number, bid quantity, bid price and other relevant details to the branch with an instruction to block the amount in their account. In turn, the bank will upload the details of the application in the bidding platform. Person who uses online share broker can apply by few clicks only.

ASBA is a Safe and useful system for investors because you also get interest although your money is blocked for IPO or FPO application. You also get fast return of your money as bank release money as soon as your application finalized.
One more big advantage is, you do not have wait for your postage, with out ASBA you will get your refund by a cheque.You do not have to bother for your refunds. ASBA is a safe and easy system for investors who regularly apply for IPO and FPO.

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