Reliance Capital enters retail broking space

Reliance Capital today announced its foray into the brokerage business through Reliance Money, which will offer 'fixed' flat fee structure.

According to company it is offerng the cheapest rate of brokerage in the country.

The other main players in the retail brokerage business right now are ICICI Direct, Kotak Securities, Indiabulls Financial Services, India Infoline, Sharekhan and Motilal Oswal Securities

Reliance Money, promoted by Anil Dhirubhai Ambani Group firm Reliance Capital, would offer the brokerage services across 700 cities including Delhi and Mumbai through 3,000 outlets.
Investors would need to pay brokerage at the rate of 0.05 per cent for delivery trades and 0.005 per cent for non-delivery trades (fixed fee of Rs 500 for delivery trades up to Rs 10 lakh and/or non-delivery trades up to Rs 1 crore), the company said.

Following is the Web site of the company offering online trade and other information

http://www.reliancemoney.com/

Industry rates vary between 0.4 per cent to 0.85 per cent for delivery trades and between 0.05 per cent and 0.10 per cent for non-delivery trades, it added.

Reliance Money consumers can trade in equities, commodities and offshore investments, IPOs, mutual funds besides insurance, money transfer and money changing - all through single window, both off-line and online.

So any body who is looking for lesser brokerge can surely open an account with it and avail the facilities being offered.

ATLANTA finally breaks the lower circuit

Atlanta has finally broken the lower circuit today and closed at the upper circuit of 5% today and closed at 255 with fluctuation of more than 10% in todays trade.

Now the question to be asked is where the stock is headed and what should be the strategy on it. Going on the past trends this stocks will now start hitting upper circuit on consistently basis from tomorrow and if somebody is interested in making quick bucks he can surely buy this stock considering the fact that he does get it.

Please note that one should not look for doubling or tripling his money the wise strategy should be if someone is able to get 20 - 25% return on his investment in a week time he should exit the stock and wait for the next opportunity to get into and get returns.

Zee launches Rs 100-crore cricket league

Zee Telefilms have announced to launch Rs 100 crore cricket keague in India with a view in target of keeping the apetite of cricket hungry of Indian audience and to give the young players a chance to show their talent in media galore.

Mr Subhash Chandra, Chairman, Zee Group announcing the new league, a joint venture between Essel Group and Infrastructure Leasing & Financial Services Ltd (IL&FS), committed a corpus fund of Rs 100 crore, about a tenth of its failed bid in 2004 for the television rights of the Board of Control for Cricket in India (BCCI).

"A professional league is the need of the hour as is a killer instinct in the players," said Mr Chandra. "It is time for some or one of us in the private and public sectors to step up and partner together to commit the financial resources necessary to help the sport which is a national obsession," he added, stating that the league was not in conflict, but complementary to the BCCI. The BCCI meanwhile has acknowledged receiving a letter from Mr Chandra "seeking permission to start the Indian Cricket League". The Board is however yet to take a decision on the matter, clarified the BCCI Secretary, Mr Niranjan Shah.

During its inagural event the league would consist of 6 teams with 4 forieng players 2 current players and 6 upcoming players and each team would be coached by one of the former Indian cricket player.

Now the big question is that would Mr Subhash Chandra would be able to become a sucessful Kerry Packer of this generation or will this league would have the same fate as that of premier Hockey league started 2 years ago.