Archive for Finance

Reliance Industries Limited (RIL) is shocked and outraged by the reports broadcast on Thursday, first by TV5 and later by a few other Telugu television channels, which attempted to link us with the most tragic death of former Chief Minister Dr.Y.S. Rajasekhara Reddy.

Reliance Industries strongly condemns and unequivocally refutes all the allegations with the contempt they deserve. The unsubstantiated, malicious and motivated reports are utter rubbish, without an iota of truth in them. That the news channels sensationalized a speculative story appearing on a little-known foreign website of dubious credentials, without crosschecking with us, betrays their mala fide intentions.

This is further evident from the sudden, pre-meditated, organized and well-coordinated attacks on RIL’s various installations and properties across the State that ensued within minutes of the first news broadcast. These orchestrated criminal acts have caused extensive damage to our properties. Worse, some of our personnel and valued customers have been injured in the mindless violence. All this has been done in cahoots with our business rivals.

Reliance Industries will proceed legally against TV5 for deliberately telecasting a false report, which has tarnished our reputation, harmed our customers, and caused us business losses. We demand that the Central and State governments conduct a thorough inquiry into the synchronized criminality of the news channel and the perpetrators of violence against Reliance Industries. The culprits must be brought to justice.

Reliance Industries is a law-abiding corporate citizen. We have cordial relations with all the stakeholders in the state, including leaders of all the political parties. We fondly recall our association with the late Chief Minister Dr. Y.S. Rajasekhara Reddy. Thanks to his active support, several of our business initiatives in Andhra Pradesh took off and RIL rapidly expanded its footprint across the State. Our significant investments in Andhra Pradesh have benefited both the State and the nation. Today we are one of the biggest private sector employers, providing direct and indirect employment to more than 10,000 people in the State.

We deeply regret inconvenience caused to our customers in the State following the disruption of our business activities. We sympathise with, and sincerely apologize to, our customers.

Timely mortgage advice

Mortgaging is a condition in which a person will be able to get some amount of the money as a loan term, with some kind of the property being given as the security for the lender. Mortgage is a process in which a borrower lends some amount of the money from the lender with some kind of the property as a security for the lender for assuring the return of the money in the proper amount of the time. The mortgaging can end up as a good option or a bad option depending upon the way in which the person is able to select it. Selection of a correct plan will help greatly in achieving the best results, whereas the wrong choice of the plan will end up in even more financial crunch situation.

Mortgage Brokers are ready to borrow huge amount of money to the person with submission of security through assets owned by the person. Efficient mortgagers could be scoped through Mortgage Finder. One can also use certain mortgage finders for various other purposes namely calculation of interest rates, mortgage values etc., Also Free Mortgage Advice can also be regarded as best source for screening of mortgagers present in his / her locality for borrowing of money.

Rebates – Reward or Rip Off?

Rebates have become increasingly popular in the last few years on a lot of items and certainly on electronic items and computers. Rebates of $20, $50 or $100 are not uncommon.

I’ve even seen items advertised as “free after rebate”. Do these rebates come under the heading of “too good to be true”? Some of them do and there are “catches” to watch out for but if you are careful, rebates can help you get some really good deals.

The way a rebate works is that you pay the listed price for an item then mail in a form and the bar code to the manufacturer and they send you a refund thus reducing the price of what you paid for the item except with a time delay of several weeks.

Rule #1. Rebates from reputable companies are usually just fine.

You can be pretty sure you will get the promised rebate from Best Buy, Amazon or Dell but you should probably not count on getting one from a company you’ve never heard of. If you really want the product and are OK with paying the price listed then buy it but don’t count on actually getting the refund.

Rule #2. Check rebate expiration dates.

Many times products will stay on the shelf of a retailer after the date for sending in the rebate offer has expired so check that date carefully.

Rule #3. Be sure you have all the forms required to file for the rebate before you leave the store.

Rebates will almost always require a form to be filled out, a receipt for the purchase and a bar code.

Rule #4. Back up your rebate claim.

Make copies of everything you send in to get your rebate including the bar code. Stuff gets lost in the mail all the time and if the rebate is for $50 it’s worth the trouble to back up your claim.

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Avoiding Impulse Spending

Answer these questions truthfully:

1.) Does your spouse or partner complain that you spend too much money?

2.) Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?

3.) Do you have more shoes and clothes in your closet than you could ever possibly wear?

4.) Do you own every new gadget before it has time to collect dust on a retailer’s shelf?

5.) Do you buy things you didn’t know you wanted until you saw them on display in a store?

If you answered “yes” to any two of the above questions, you are an impulse spender and indulge yourself in retail therapy.

This is not a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You must set some financial goals and resist spending money on items that really don’t matter in the long run.

Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants.

Advertisers blitz us hawking their products at us 24/7. The trick is to give yourself a cooling-off period before you buy anything that you have not planned for.

When you go shopping, make a list and take only enough cash to pay for what you have planned to buy. Leave your credit cards at home.

If you see something you think you really need, give yourself two weeks to decide if it is really something you need or something you can easily do without. By following this simple solution, you will mend your financial fences and your relationships.

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