AIIMS Doctors get Sixth Pay Commission Arrears & Salary Hike

The latest news on Sixth Pay Commission is for the AIIMS Doctors, who are going to benefit from the recommendations of the Sixth Pay Commission. It comes as a new year gift to all the doctors of AIIMS, who had initially refused to accept the initial recommendations of the 6th Pay commission and demanded that there pay scales should be made similar to those at IIT's and IIMs. These AIIMS Doctors, basicallay government employees from AIIMS will be getting the benefits of the Sixth pay Commission Panel Recommendations.

How many months of arrears will be paid to the AIIMS Doctors following the Sixth Pay Commission Recommendations?
It is reported that the pay hike for AIIMS Doctors will be effective from 1st January 2006 and the allowances will be paid from September 2008. That will mean a big amount of money will be paid in arrears to the AIIMS Doctors.

Will the arrears be paid in installments to the AIIMS Doctors ?
No info is available about that, but looking at the arrears payment trend, that seems possible.

General Sixth Pay Commission Salary Hike & Arrears Calculator

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike

Which are the other institutes to benefit from this salary hike?
PGI Chandigarh, Nimhans, Bangalore and the Jawaharlal Institute of Post-Graduate Medical Education and Research, JIPMER, Pondicherry or Puducherry will also benefit from pay hike. Also, in Northeast, the Lokapriya Gopinath Bordoloi Regional Institute of Mental Health, Tezpur, and the Regional Institute of Medical Sciences, Imphal, will benefit.

Many doctors from these institutes, who had left to join other private institutes may now be repenting their decisions. Possibly they will get their share of payments for the period of services, but nothing is clear as of now. May be some of them will think seriously about joining back these institutes.
The centre revealed that this measure is being taken as a part of sixth pay commission benefits as per UGC scale

Fennec: Mozilla Firefox Web browser for Mobile Phones

Come 2010, and one of the leading internet browser company, Mozilla which is best known for its browser Firefox, will be launching the much awaited browser called Fennec, specially designed & customized for the Mobile Phones or Cell Phones. Here is the Picture of Fennec: Mozilla Firefox Web browser for Mobile Phones

Fennec, the Mozilla Firefox Web browser for Mobile Phones, is expected to take the browser war to a new level. Though it is estimated that Firefox is one of the leaders in the PC based version of browsers and has around 25% share in the browser market, it is a laggard in the mobile phone browser segment. The increasing use of mobile phones to access the internet is focring the web-browser companies to provide a customised mobile version. It is this area which Mozilla is attempting to target with its Fennec - the Mozilla Firefox Web browser for Mobile Phones

What will be new features in Fennec?
Fennec - the Mozilla Firefox Web browser for Mobile Phones, is expected to have all the usual features of a standard web browser and along with that it is also learnt that it will include touchscreen support (a growing area for touch screen mobile phones), pop-up blockers (which is not available commonly in phone browsers) and also tabbed-browsing for easy accessibility.

Who are the competitors to Fennec - the Mozilla Firefox Web browser for Mobile Phones
The existing market is clearly dominated by Opera (the Opera Mini Browser) for Mobile phones. Then comes Safari (from Apple), followed by Nokia, iTouch and the others like BlackBerry, Android, etc.

The market for web browsers is big and fast changing. It hardly took a year for Google to get a significant market chare for its Chrome Browser. Let's see what unique features Fennec has to offer, once it is released.

Domino's Pizza IPO Jubilant Foodworks IPO: Review Analysis & Details

Despite the lacklustre performance of most of the IPO's in the year 2009, the stock market is egelrly awaiting new entrants. The famous Pizza Delivery chain - Domino's Pizza franchisee, called Jubilant Foodworks (the operator of Domino?s Pizza stores) are planning to come out with their Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Domino's Pizza IPO Jubilant Foodworks IPO and try to do the Review and analysis of Domino's Pizza IPO Jubilant Foodworks IPO.
Some basic details first about the Domino's Pizza IPO Jubilant Foodworks IPO, which are available as of now:

- The Jubilant Foodworks Dominos Pizza IPO is expected to sell around 36% of their stake in the company through the IPO.

- The purpose of the IPO is to raise funds and expand the business

- The company has presence in India and Sri Lanka

- There are a total of 279 Pizza stores as of now

- The India Private Equity Fund (Mauritius) and Indocean Pizza Holding Ltd. that bought stakes in the Pizza chain in 1999 will sell their entire 32 percent holding in the offer, arranged by Kotak Mahindra Capital.

What is the issue size of the Domino's Pizza IPO Jubilant Foodworks IPO?
Around 36% stake will be sold

How is the share distribution done?
No info is available as of now.

How will the capital raised by Domino's Pizza IPO Jubilant Foodworks IPO be used?
The company would use the IPO proceeds for expansion of its business.

What is the price band of the Domino's Pizza IPO Jubilant Foodworks IPO
The price band for shares of Domino's Pizza IPO Jubilant Foodworks IPO is not known as of now.

What is the trading symbol & exchange for the Domino's Pizza IPO Jubilant Foodworks IPO
No info is available about the trading symbol.

What are the IPO dates for Domino's Pizza IPO Jubilant Foodworks IPO
The IPO for Domino's Pizza IPO Jubilant Foodworks is going to come sometimes early 2010. The DRHP is filed with SEBI.

What is the business prospect and company profile of Domino's Pizza IPO Jubilant Foodworks?
The company is banking upon the spending power and youth generation which again comes to spending on trnedy things - and pizza is surely a big way to go.

Who are the underwriters of the Domino's Pizza IPO Jubilant Foodworks IPO?
Kotak are the BRLM or Book Running Lead Managers of the issue.

What are the analysts recommendations for this IPO?
No recommendations from market analysts are available as of now

Karnataka Bangalore College Lecturers get Sixth Pay Commission Arrears & Salary Hike

The latest news on Sixth Pay Commission is for the Bangalore College Lecturers, who are going to benefit from the recommendations of the Sixth Pay Commission. These Bangalore College Lecturers, basicallay government employees from Bangalore will be getting the benefits of the Sixth pay Commission Panel Recommendations.

How many months of arrears will be paid to the Bangalore College Lecturers following the Sixth Pay Commission Recommendations?
It is reported that 51 months of arrear payments will be made to the Bangalore College Lecturers following the Sixth Pay Commission recommendations.

Which employees will benefit?
It is learnt that lecturers of the Department of Higher Education will benefit from the pay hike or salary revision.

What will be the benefits to be given to the concerned employees or lecturers?
The salary is expected to increase by around 38%. This will mean around 18.5 K lecturers from all over state will benefit from this decision. The good news is that a cicular with the settlement and clearing of the arrears payment is already issued by the Karnataka Government.

How much extra money will be required by the state and where will it come from?
IT will cost the state around 950 Crores.

General Sixth Pay Commission Salary Hike & Arrears Calculator

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike

Other benefits for the Sixth Pay commission Recommendations?
The retirement age is also increased. It is now 62 years instead of 60 years which means that teachers will get 2 extra years of service. This will be in effect from 25th Sept 2009.
As per DNA, With the revised pay scale, an associate professor in Bangalore will get a total pay of Rs 31,300 each month, while a professor will take home Rs 63,500. The house rent and city compensation allowances are also increased to make it on par with the UGC scale. The college teachers are also eligible for pension, leave travel concession and medical allowance like any other government employee, Limbavali said.

Those casual lecturers, whose services have been regularised, are also entitled to the pay hike. The recently appointed lecturers will be eligible for the raise on completion of their probation period.

The lectures will be trained under the Sahayog scheme in 300 colleges across the state from January 20.
All thanks to the Sixth Pay commission recommendations and their implementations.

Google Nexus One Phone: Does Google really need it?

There is a lot of Googling going on about the Google Nexus One Cell Phone. The net, storyboards, blogs, tweets and infact the entire web is full of news and pictures of the Google Nexus One Cell Phone.
However, as a Business Analyst, I am a bit skeptical about this venture that Google is getting into.

First, What is the intention of Google when it says that it wants to sell Google Nexus One Cell Phone directly to the consumers? I cant understand that when there are so many cell phones or better to say smart phones available in each part of the world, what is Google trying to do by coming up with its own brand of phones?
True that Google is a big name, but imagine the stiff competition it will face from the existing smart phones.

Second, Google is going solo. No strings attached, no carrier bounds like one must go with AT&T or Verizon. However, that might mean that Google will not be able to provide the required discount to the buyers, which is possible when the manufacturer and the cell phone connection carrier join hands.

Third, remember iPhone. It was an instant hit. However, after some months, many other smart phones were found to be better than the iPhone. The remade low cost Chinese models were the choice for their low costs, no strings attached about connections and easy availability. What if Google Nexus One Cell Phone also meets the same fate?

Fourth, is mobile phones the core of Google Business? I dont think so. Google is a search company. Although it has launched many new things - bloggger, picasa, chrome, etc., but it still remains a software company. What is forcing it to shift to hardware? As WSJ claims, Google did not build computers or the internet, but it dominates the computers as well as the internet. It would have made more sense for Google to build web applications for mobiles, rather than a mobile phone itself. The business deviation might look a good venture into a new hardware stream, but the risks of failure are no less.

Hope to see some concrete returns for the shareholders of Google after the launch of the much awaited Google Nexus One Cell Phone.

Corporate Actions Processing: Introduction, Example & Course Outline for CA Processing

What are Corporate Actions? How are they processed? In this article, we will give a brief introduction about the various sub topics involved in the Corporate Actions Processing.
Despite all kinds of computer automation and programs available, the Corporate Actions processing still is dependent upon the manual processing. Although many systems claim to have the Corporate Actions processing through automation or So called Straight through processing (STP), the truth is that it still requires a lot of manual intervention and pre-processing setup. Hence, it is very important for a financial professional to become familiar with the Corporate Actions Processing and the various concepts and steps involved.


-- What is a corporate action event and why is it important?:
The details and introduction to CA Processing and what is the financial importance of the Corporate Actions Processing.

-- Types of corporate action events in Corporate Actions Processing:

 Mandatory Corporate Actions

 Voluntary Corporate Actions

-- The role of market data in Corporate Actions Processing:

 Details of the Corporate Actions event

  -Types of Corporate Actions Processing

  -New values of Corporate Actions Processing

  -Ratio calculations in Corporate Actions Processing

  -Dates and their importance in Corporate Actions Processing

 Sources of market data for Corporate Actions Processing

  -Vendors - data required from vendors for Corporate Actions Processing

  -Specialties about Corporate Actions Processing

  -Scrubbing the data for Corporate Actions Processing

-- Industry Utilities for Corporate Actions Processing:

 Off-the-shelf applications - Intro to some ready available software applications for Corporate Actions Processing

 DTC RIPS

-- Processing Voluntary Events in Corporate Actions Processing:

 Types of Corporate Actions Processing

  -Conversions in Corporate Actions Processing

  -Exercises in Corporate Actions Processing

  -Investments factors in Corporate Actions Processing

  -Tenders in Corporate Actions Processing

 Typical work flow for Corporate Actions Processing

 Case Study about Corporate Actions Processing

-- Processing Mandatory Events in Corporate Actions Processing

  Types of Corporate Actions Processing

  -Bankruptcy case in Corporate Actions Processing

  -Call options in Corporate Actions Processing

  -Merger in Corporate Actions Processing

 Typical work flow of Corporate Actions Processing

 Case Study

-- Risks in Corporate Actions Processing:

 Types of Risks in Corporate Actions Processing

 Impact of failure or mismanagement or mishandling in Corporate Actions Processing

 Mitigation alternatives in Corporate Actions Processing Risks

-- Global Perspective in Corporate Actions Processing:

 Differences in data collection and processing

 Unique operations-related challenges

 Impact on the US operation

-- Evolving Trends in Corporate Actions Processing

 New events, new outcome comes with new challenges

 Event data warehouse

 Event data guarantee of accuracy

 Should an industry utility develop a partial or total solution?

Financial Mathematics: Introduction, Topics, Examples & Course Outline

Continuing further from our previous article Financial Accounting, In this article, we will cover another well known and most sought after topic of Financial Mathematics. Money requires understanding, and that understanding can come only when you know maths quite well. Now the maths required for Finance is not algebra or trigonometry, but there is a seperate section called Financial Mathematics.
Here we cover some basic details about the Financial Mathematics course outline, what all is covered in Financial Mathematics and how useful is Financial Mathematics for survival in Financial World. Making correct calculations for profit / loss is as important as making the right investment decision. Moreover, with the introduction of complex financial products like derivatives, options, swaps, etc. it has become a necessity for not just the financial professionals and investors but even for the individuals to know and understand Financial Mathematics.
Even if you are not an investor or trader, chances are that you might have taken a loan or might be manageing a savings account. You need to understand the effective interest rate payments you make for your loan repayment or credit card and the effective interest you receive from your savings account.

The course on Financial Mathematics teaches you all these things. The course on Financial Mathematics includes the following:

Fundamentals of Financial Mathematics:

 -- Time Value of Money o Cash Flows and Discount Rates o Present Values o Future Values

 -- Investment Measures

 -- Returns: Calculation and Conventions

 -- Interest Rates, Yields and Rates of Return Compared

Fixed Income Analytics of Financial Mathematics:

 -- Price and Yield Calculations

 -- Yield Curves, Spot Rate Curves and Fixed Income Valuation

 -- Quantifying Interest Rate Risk


Equity Securities Analytics of Financial Mathematics:

 -- Pricing Models: Discounted Cash Flows, Earnings or Dividends

 -- Pricing Models: Earnings, Cash Flow, Sales or Book Value Multiples

 -- Capital Asset Pricing Model (CAPM)

 -- Beta and Systematic (Market) Risk

 -- Index Model and Equity Investment Selection

ALong with these topics and their theoretical knowledge, you may also be required to get a lesson in fundamental tools and applications like MS Excel, E-views, Matlab etc

Financial Accounting: Introduction, Topics, Examples & Course Outline

In this article, we will cover another well known and most sought after topic of Financial Accounting.
As we have seen, many scams have unfolded in the world, primarily in the stock markets listed companies, just because of the accounting issues. The cases of Enron, Worldcom, Parmalat, AlbertHein of Netherlands, etc. are well known. They are typical examples of how financial accounts can be manipulated to gain/ show imaginary profits and bloated sales figures. Ultimately, it is blamed on the financial accounting. Hence it is very very important for a firm or even an individual investor to be extra vigilent and careful about creating, writing or even reading these financial accounting numbers.

In this article, we will see the various topics and sub topics which are covered for Financial Accounting. Although we aim to give all the required information, the fin details may still need a thorough analysis and study.

Financial Statements within Financial Accounting:

-- Types of Financial Statements

-- How the different Financial Statements Relate to One Another

General Accounting Issues of Financial Accounting:

-- GAAP (Generally Accepted Accounting Principles)

-- Accounting Concepts and Conventions

Structure and Interpretation of Financial Statements of Financial Accounting:

-- Balance Sheet: Assets, Liabilities and Equities

-- Income Statement: Revenues, Expenses, Gains and Losses

-- Cash Flow Statement: Cash Provided by/used for Operations, Investments and Financing activities

Tools and Techniques for Analyzing Financial Information of Financial Accounting:

-- Financial Ratios

-- Use and Misuse of Financial Ratios in Analyzing Financial Statements

Swaps Processing: As Introduction to Swaps Market & Swaptions Terminology

In this article, we will talk about a most common form of financial derivative which is traded heavy as an OTC product and is called SWAP.
We will cover a brief outline about the Swaps Introduction, What affects the Swap pricing, Risks in Swap transactions, the Swap Market, Swaptions and other related topics.

The typical topics covered when you undergo a swap lesson or course are as follows:

--Overview of the swap market :
This would include a brief overview and introduction about the swaps market, the swaptions market, how the market works and who all are the swap market participants.

--Factors affecting Swap market and pricing: Interest Rate, Currency, Credit Default and Equity Swaps :
Characteristics of all these factors and how they affect the swap market and pricing mechanism

--The roles of the sales and trading desks in swaps market:
This would primarily cover the details of how swap deals take place, originate and contract details and what roles do these teams have to play

--Counterparty risk :
Swaps market primarily is an OTC or Over the Counter Market. Hence, this Counterparty risk is a significant risk in the swaps market.

--Price dissemination in a swaps market :
How Prices are disseminated for swaps market

--Collateral management in a swaps market :
Various aspects of Collateral management in a swaps market

--How swap deals are confirmed :
The methodolgy for swaps and swaption deals and how the process takes place. This is important since swap market is an OTC market, so the entire process should be clear.

--ISDA agreements and documentation :
Required regulatory procedures.

--The evolving infrastructure of the industry :
Swaps are emerging as the hot products for banks and other organizations to hedge their risks and re-structure their loans. Hence they are becoming very common.

--Functions of Clearing House and alternatives for swaps market:

--Calculation, advice, and settlement of payments for swaps :

--Issues for operations for swaps