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Tuesday 18 October 2011

Oberoi Realty results

Oberoi Realty reported a 17 per cent increase in its consolidated net profit to Rs 111.44 crore for the quarter ended September 30, 2011. The aggregation had acquaint a net accumulation of Rs 95.51 crore for the year-ago period. The Mumbai-based developer registered 45 per cent advance in circumscribed acquirement to Rs 256.88 crore in the additional division this fiscal, as adjoin Rs 177.11 crore in the agnate aeon of the 2010-11 fiscal, the aggregation said in a statement. For the bisected year concluded September 30, the company's circumscribed net accumulation added by 24 per cent to Rs 217.21 crore from Rs 175.30 crore in the year-ago period. Its circumscribed acquirement grew by 38 per cent to Rs 471.95 crore in the aboriginal bisected of this budgetary from Rs 342.90 crore in the agnate aeon of the 2010-11 fiscal.

HDFC Earnings for Q2F12 Quarter

HDFC Earnings rose by 20% to Rs 970 crore. Assets from operations rose 28% to Rs 7,877.72 crore, from Rs 5703.68 crore a year ago. HDFC to accept a accommodation advance of 19-20% as banks are accepted to get aggressive. Profits from auction of investment rose 75% to Rs 103.14 crore. Net absorption assets (NII) rose 17% to Rs 2,672.28 crore at the end of September 2011 adjoin Rs 2,266.54 crore in the agnate aeon endure year. After affairs loans account Rs 4,989 crore to HDFC Bank, its absolute loans grew 19% from a year beforehand to Rs 1,26,992 crore.

MindTree more than doubled its profits

 MindTree more than doubled its profits for the division concluded September 30, advertence its acknowledgment to advantageous advance afterwards one of its founders abdicate added than six months back. For the aboriginal time in its history, the aggregation clocked revenues of $ 100 actor in a individual quarter.
Mindtree exhausted analyst expectations and appear a 58 % consecutive access in profits at Rs 54.5 cr. Revenues grew 10.5 % to 456.7 cr in rupee terms. In the antecedent quarter, Mindtree's revenues had developed by 5.6% sequentially to Rs 413.1 crore.
The company, which added 15 new audience and 1,003 advisers in the quarter, is giving out an acting allotment of 25%.

Reliance Industries can suspend oil and gas drilling

 Reliance Industries can suspend oil and gas drilling pending an interior valuation of its exploration and production strategy, the Mint newspaper reported on Monday citing sources briefed by the corporate. India's Most worthy company by market capitalization, has seen its growth outlook and market price hit laborious this year by falling gas output from its huge gas fields off the east coast.Reliance can halt drilling for an unspecified time till the review is completed and submitted to the govt. Reliance posted its highest ever quarterly web profit in its Q2 results on Saturday, however analysts targeted on slowing gas output and said refining margins were still below expectations.Last month, India's upstream regulator said Reliance was manufacturing forty four mscmd (million customary cubic metres per day) from its main D6 block, under the sixty mscmd it had been manufacturing a year earlier and much off the planned peak capability of eighty mscmd.The CAG last month criticised Reliance and therefore the government over development of the gas field within the Krishna Godavari (KG) basin and mixed up revamping profit-sharing arrangements from oil and gas blocks.Earlier this year, Reliance sold a 30 % stake in twenty three oil and gas blocks, some within the KG basin, to BP in a very 7.2 billion deal.The British company, with deepwater exploration experience, has said it's assured of raising gas output from the sector from 2014.

Employees unions of Coal India today withdrew their proposed three-day Strike

Employees unions of Coal India today withdrew their proposed three-day strike after the management agreed to give higher bonus, along with Rs 1,000 as Diwali gift. CIL has reached an agreement with workers Unions to pay a higher -- Rs 20,000 bonus to each worker instead of earlier announced Rs 17,000, besides Rs 1,000 as Diwali gift.The unions were demanding for a minimum bonus of Rs 23,500 per employee.
Coal India Chairman N C Jha said that higher bonus would result in Rs 144 crore additional burden on the company.The workers had gone on one-day strike on October 10, which resulted in production loss of around one million tonnes for CIL, causing it a revenue loss of about Rs 140 crore.
CIL has missed its half yearly production target by around 20 million tonnes at a time when shortage of coal is causing problems in power generation in many parts of the country.The threat of strike had come amid grim power situation in the country, as many plants of India's largest power generator NTPC are running below capacity due to the paucity of coal -- the key raw material for generating electricity.
Various states, including Delhi, Maharashtra, Karnataka and West Bengal, have seen power cuts for long hours in the past few days.At present, over 40 thermal power stations have coal stocks that is barely sufficient to meet the demand for about a week. As many as 29 projects have less than four days of coal reserves.

HCL Tech Results

HCL Tech Results:-
HCL Tech has reported a fall of 2.5% QoQ in consolidated net profit of Rs 497 crore for the quarter ended September 2011. The company had reported a net profit of Rs 510 crore in the previous quarter.
EBITDA margin too declined at 17.1% in the first quarter FY12 as against 18.5% (QoQ).
Revenues jumped 8.16% to Rs 4,651 crore from Rs 4,300 crore quarter-on-quarter.

Tata Consultancy Services Results

Tata Consultancy Services Results:-
Co. reported net profit at Rs 2,439 crore a lower-than-expected 15% year-on-year rise in second quarter due to continued uncertainty in global economy.Revenue for July-September quarter rose 25% from a year ago to Rs 11,634 crore.The debt crisis in Europe and the unemployment and economic uncertainties in the US are the Major worries for IT Co.s slowdown.TCS’ operating margin in the second quarter was up 89 basis points at 27%.TCS’ rival Infosys had last week reported a consolidated net profit of Rs 1,906 crore, up 10% year-on-year, slightly ahead of street expectations. Infosys revenue was up 17% at Rs 8,099 crore.TCS net added 12,580 employees in July-September and had 214,770 employees on September 30.

Friday 14 October 2011

India's Tata Nano will go on sale in Bangladesh

India's Tata Nano will go on sale in Bangladesh but with a price will be  nearly triple what it is at home.
Nano will cost 599,000 taka ($7,900) and will be distributed by Nitol Motors
That price compares with 141,000 Indian rupees ($2,870) for a basic Nano model in India. Analysts attributed the Nano's poor sales was of concerns due to lack of  safety, lack of cheap financing and operational hiccups after production shifted to a new plant. Tata was forced to offer free safety upgrades after around half a dozen of the cars caught fire.

Maruti Suzuki India shut its main plant at Gurgaon for two days

Due to component supply constraints from SPIL Maruti Suzuki India shut its main plant at Gurgaon for two days starting today , where workers are on a stir in support of the striking colleagues at the country's largest car-maker's Manesar plant. Maruti Suzuki has decided to suspend production at the Gurgaon plant on October 14 and October 15.  Tensions ran high at Maruti Suzuki India's Manesar plant with about 1,500 police personnel entering the factory and asking the striking workers to vacate the premises as per the Punjab and Haryana High Court order.
The workers, however, said they will not leave the factory unless forcibly evicted.
Suzuki Powertrain India Employees Union  and the rebel body of MSI's Manesar plant - Maruti Suzuki Employees Union also said that they will challenge the High Court order at the Supreme Court. Yesterday, the Punjab and Haryana High Court passed an order that there would be no sit-in strike within 100 meters of the premises of Maruti Suzuki's factory at Manesar. Workers at MSI's Manesar plant, SPIL and Suzuki Motorcycle India Pvt Ltd have been on strike since October 7 demanding reinstatement of about 1,200 casual workers at the carmaker's Manesar plant along with 44 other permanent workers.

MRF has crossed Rs 10,000 crore turnover

MRF  has crossed Rs 10,000 crore turnover in one year, becoming the first Indian tyre maker to achieve this mark, and announced plans to acquire plantations or companies abroad to neutralise the impact of high import duty on rubber.
In 2007 MRF reported Rs 5,000 crore. Within Span of 4 years they acheived 10,000 Crore.
MRF exports tyres to 65 nations. It has seven facilities in the country.

Gateway Distriparks Q2F12 Results

Gateway Distriparks Q2F12 Results
The company's Q2 net profit was up 12.5% at Rs 22.5 crore versus Rs 20 crore, year-on-year, YoY.Its net sales were up 40% at Rs 59 crore versus Rs 42 crore, YoY.

India's food inflation at 9.32% as compared to 9.41% previous week

India's food price index rose 9.32% and the fuel price index climbed 15.10% in the year to October 1.
In the previous week, annual food and fuel inflation stood at 9.41% and 14.69%, respectively.
The primary articles index was up 10.60%, compared with an annual rise of 10.84% a week earlier.
IIP expanded less than expected in August in further evidence of a slowdown in Asia's.
Indian inflation in August accelerated to 9.78%, its highest in more than a year, from 9.22% in July.
The RBI has raised interest rates a dozen times in the past 18 months inspite of slowdown and may consider again rate hike on 25th of this month

Jaybharat Textiles and Real Estates. A P Paper & KSL & Industries Ltd Results Q2F12

Jaybharat Textiles and Real Estates Results Q2F12 :-
Net sales up 31% at Rs 201 cr vs Rs 153 cr ,PAT down 43% at Rs 2.3 cr vs Rs 4 cr ,Total expenditure up 35% at Rs 180 cr vs Rs 133 cr,EBITDA up 5% at Rs 21 cr vs Rs 20 cr ,EBITDA margin at 1.14% vs 2.41%

A P Paper Q2FY12Total Income up 11.5% at Rs 204 cr vs Rs 183 cr ,Net loss at Rs 92 cr vs net profit at Rs 12 cr ,Total expenditure up 26% at Rs 183 cr vs Rs 142 cr ,EBITDA down 49% at Rs 21 cr vs Rs 41 cr ,EBITDA margin at 10.3% vs 22.4%

KSL & Industries Q2FY12Net sales up 18% at Rs 390 cr vs Rs 332 cr,PAT up 12% at Rs 4.7 cr vs Rs 4.2 cr ,Total expenditure up 14% at Rs 320 cr vs Rs 281 cr ,EBITDA up 37% at Rs 70 cr vs Rs 51 cr ,EBITDA margin at 17.95% vs 15.36%

Coal India Will offer 4 mt meant for E-auction in October to power companies

Coal India Will offer 4 mt meant for E-auction in October to power companies Diversion of E-auction quota will not have much impact said Coal India Chairman, Coal India is Currently producing 1.1 mt everyday E-auction quota stays intact for the entire year. He also said that Labour unrest in future donot take place and  FY12 production stays at 452-454 mt.

S&P downgraded the long-term credit rating of Spain

S&P downgraded the long-term credit rating of Spain by one notch to AA- from AA with a negative outlook, due to weak growth, tightening fiscal conditions and high private sector debt.
It added it expected continuing deterioration in financial system asset quality while the incomplete state of labour market reform will contribute to structurally high unemployment that will be drag on economic recovery

Hyundai Eneters into small car segment Maruti Will Face The heat

Maruti Will feel the heat as Hyundai launched its entry level compact car Eon that has been developed specifically for the Indian market.


The car has been priced aggressively between Rs 2.69 lakh and Rs 3.71 lakh .
The company, which operates through wholly owned subsidiary Hyundai Motor India Ltd (HMIL), said the car has been designed and developed keeping Indian consumers in mind.
The Eon, which will compete with Maruti Suzuki India's best selling model Alto, is powered by a 814 Cc petrol engine. Alto is priced between Rs 2.32 lakh and Rs 3.17 lakh  and is the best selling car, averaging about 20,000 units a month. Price is only 40,000 Less then Eon but looking at the features of Eon then surely Eon looks best.
HMIL has invested Rs 900 crore on the development and production facilities for the Eon.
Hyundai Eon features for all variants are body color bumpers, body color door handles and body colored OSVRMs (outside rear view mirrors), multi trip meter, remote fuel gaze opener, remote boot lease opener, adjustable steering column, seat belts for all seats and so forth. But, Power steering, all four power windows, central locking, front fog lamps, designer wheel covers, rear spoiler, even a music system etc. will be offered only in the top-end variant as standard. All these innovative features of the car are much more to prove it good comfortable entry level small car.

Hyundai Eon dimensions are also superb and the new beast has good space. In it four to five passengers can sit easily. Its length is 3495mm, width is 1550 mm, Height is 1500 mm and wheelbase of the small car is 1380 mm. Hyundai Eon boot space is 215 litres while kerb weight of the new small car is between 715 to 795 kgs.

Currently, Hyundai Motors India Limited is offering this new small car only in petrol engine model while an LPG variant is also expected by the end of this year. Hyundai Eon comes equipped by a 814cc, three cylinder petrol engine that makes out maximum power of 56ps at 5500 rpm and belts out peak torque of 7.65 Kgm at 4000 rpm. The engine of new Hyundai small car is mated with a 5 speed manual gearbox while an automatic version is also expected by end of this year which will be a surprise for the Hyundai Eon lovers. Hyundai Eon mileage is 21 kmpl which is impressive.

Lilliput Kidswear IPO Distrupted

Lilliput Kidswear has gone to police said that anonymous callers try to defame and has written to banks to mention the IPO was sabotaged. Lilliput has filed a police criticism against unknown callers saying that they need created a shot to defame the corporate. The numbers of those callers are identified and also the police are trying into the matter. The company in its letters to its bankers has said that this whole exercise by the PE investors is in an exceedingly approach a shot to sabotage the IPO. Private equity investors Bain Capital and TPG had pulled out of the corporate at the side of the auditors. that they had done this on the premise of calls, that that they had received from unknown persons.
Furthermore, Lilliput has gone onto say that it's stunning that simply on the premise of unknown calls such a giant call are taken by the investors and also the auditors. Lilliput has conjointly said that the corporate is shocked that these allegations were accepted, particularly by Bain Capital considering that it absolutely was a lively partner which it absolutely was an everyday visitor to its offices. In it’s letter to the bankers, it's sought support from them, so the worth of the corporate isn't reduced. it's clearly alleged that it’s a shot to sabotage their IPO. Meanwhile, Bain Capital and TPG, refused to treat the allegations as they assert the matter is currently before the High Court. However, these 2 players don't comply with a number of the statements created by Lilliput and said they arrange on responding in due course.

Thursday 13 October 2011

Kajaria Ceramics Q2 Results

Kajaria Ceramics Q2 standalone net profit was up 46% at Rs 19 crore versus Rs 13 crore, year-on-year, YoY.
Its standalone net sales were up 42% at Rs 316 crore versus Rs 222 crore, YoY.

Zenith Infotech defaults on $ 33 m FCCB payment

Zenith Infotech defaults on $ 33 m FCCB payment,FCCB Holders were payable on Sep 21. Bondholders may take Co. to court on default

Utkal Coal get approval for coal mining

The Ministry of Environment & Forests has granted final approval for diversion of 149 ha. forest land in Utkal-C Coal Block in Raijharan, Nandichor, Similisahi and Golagadia under Angul District, Odisha for coal mining in favour of Indian Metals & Ferro Alloys' subsidiary Utkal Coal.

Results Today VST Industries & Praj Industries

VST Industries reported net profit of Rs 33.59 crore for quarter ended September 2011 as compared to Rs 24.01 crore in the same period a year ago. Total income was at Rs 164.76 crore as against Rs 160.40 crore.

Praj Industries reported net profit of Rs 20.53 crore for quarter ended September 2011 as against Rs 8.90 crore in the same quarter a year ago. Total income rose to Rs 228.90 crore as compared to Rs 108.77 crore in the corresponding quarter last fiscal.

DCB Bank Results

DCB Q2 profit was more than doubled to Rs 13.32 crore versus Rs 4.8 crore (YoY); margins jumped and NPAs reduced.

Friday 7 October 2011

Moody’s Investors Service Downgarded 12 UK financial institutions

Moody’s Investors Service today downgraded the senior debt and deposit ratings of 12 UK financial institutions. The rating actions include a one-notch downgrade of Lloyds TSB Bank plc (to A1 from Aa3), RBS (to A2 from Aa3), Santander UK plc (to A1 from Aa3), Co-Operative Bank plc (to A3 from A2), a two-notch downgrade of RBS plc (to A2 from Aa3) and Nationwide Building Society (to A2 from Aa3); and downgrades of one to five notches of 7 smaller building societies. The ratings of Clydesdale Bank were confirmed at A2 (negative outlook).

L&T may again take fresh talks to sell its IT business

L&T may again take fresh talks to sell its IT business L&T Infotech and Fujitsu may be the frontrunner to bag the stake,Fujitsu is likely to be front runner while Capgemini too has shown interest in L&T Infotech. Both the players are believed to have entered due diligence stageHowever, both the companies have declined to comment calling it a mere market speculation. As per the deal, the buyer will get an eight-year IT outsourcing contract from L&T

Tata Motors launched its Manza sedan and Prima range of premium commercial vehicles in South Africa

Inflation no.s at 10.84% during the week compared to 11.43% in the previous week

Food inflation, as measured by Wholesale Price Index (WPI), stood at 9.13% in the previous week. The rate of price rise in food items was 16.88% in the corresponding week of 2010.
Food inflation rose to 9.41% for the week ended September 24 on the back of costlier vegetables, fruits, milk and protein-based items.
As per data from the Ministry of Commerce, vegetables became dearer by 14.88% year-on-year during the week under review, while potatoes and onions grew more expensive by 9.34% and 10.58%, respectively.
Fruit prices went up by 11.72%, while milk was up 10.35% and eggs, meat and fish became 10.33% more expensive.
Cereals became dearer by 4.57% and pulses were up 7.54% on an annual basis during the seven-day period.
Inflation in primary articles stood at 10.84% during the week under review, compared to 11.43% in the previous week. Primary articles have a share of over 20% in the WPI.

Wednesday 5 October 2011

Punj Lloyd has won an EPC contract for the first polysilicon plant of Qatar to manufacture 8000 MTPY

Punj Lloyd has won an EPC contract for the first polysilicon plant of Qatar. The contract has been awarded by Qatar Solar Technologies (QSTec) and is scheduled to be commissioned by mid 2013.The contract may be a a part of QSTec's plans to line up a plant value approximately US$1 billion in Qatar, to manufacture 8000 MTPY (Metric Tons Per Year) of high-purity solar grade polysilicon. The site, chosen with future growth in mind, is found on 1.2 million sq. meters of land in Ras Laffan Industrial town within the north east of Qatar, the center of Qatar's LNG  refineries and exports.The scope of labor for the contract, that has been awarded to Punj Lloyd for the 4000 MTPY capability plant, is predicated on residual basic engineering and style, detailed engineering, procurement, supply, producing, fabrication, route survey wherever needed for over dimensional consignments, installation, construction, testing, pre-commissionong and commissioning.

BHEL bagged a Rs 3,800 crore order from Dainik Bhaskar Power Limited

BHEL bagged a Rs 3,800 crore order from Dainik Bhaskar Power for putting in place a 1,320-MW thermal power plant in Madhya Pradesh.BHEL is presently executing another contract for DBPL, involving the availability and commissioning of a 2x600 MW boiler, turbine and generator package, in conjunction with associated auxiliaries for a 1,200-MW coal-based thermal power project in Chhattisgarh.BHEL's scope of labor beneath the new contract envisages the look, engineering, manufacture, supply, erection, testing and commissioning of supercritical boilers, steam turbines and turbo-generators in conjunction with state-of-the-art controls and instrumentation and different associated auxiliaries like transformers and a switchyard.
Out of the full orders for power plant equipment with a cumulative generation capability of 31,560 MW received by BHEL throughout 2009-10 and 2010-11, orders received from freelance power producers accounted for 22,369 MW.BHEL has established the aptitude to deliver15,000 MW of power equipment once a year and any augmentation of its capability to 20,000 MW once a year is underway.

Suzlon Energy Limited get third consecutive order from GAIL

Suzlon Energy Limited get  third consecutive order from GAIL for 17 units of Suzlon's S82 - 1.5 MW wind turbines to be commissioned in Karnataka in 2012.This is GAIL's third wind energy project order placed with Suzlon. GAIL's previous two projects are located in Gujarat. The first 4.5 MW project, comprising Suzlon's S-82 1.5 MW wind turbines, was commissioned in March 2010, and the second 14.7 MW project is currently under execution. These two projects cater to fulfill GAIL's captive power requirements. The new project in Karnataka is to sell the power generated to a local power distribution company.

RIL will Stops Gas Supply to Indo Gulf Fertiliser, IFFCO, KRIBHCO, Shyam Fertilisers and Tata Chemicals in UP By tommmorow

Reliance Industries Ltd  has served a notice for suspension of gas provides to four fertiliser plants Indo Gulf Fertiliser, IFFCO, KRIBHCO, Shyam Fertilisers and Tata Chemicals in Uttar Pradesh from tomorrow unless they enhance their money guarantees to hide for state sales tax.
The fertiliser companies, that turn out regarding two million tonnes of urea from gas sourced from RIL, are hostile providing money guarantees within the type of letters of credit  to hide for liabilities arising out of the levy of native sales tax on gas sales, because it would increase the value of production and subsidy payouts.

RIL provides some four million Standard cubic metres per day of natural gas from its jap offshore KG—D6 fields to those plants. Like elsewhere within the country, it's been charging central sales tax of two per cent from users in Uttar Pradesh.However, the state government has refused to just accept these transactions as inter—state sales and have demanded that native sales tax of twenty one per cent ought to be paid. Tax because the liability of shoppers has been clearly enshrined within the Gas Sales and get Agreement RIL signed with fertiliser and alternative users.Naturally, users ought to have contested the demand for higher sales tax, however surprisingly, RIL visited the Allahabad High Court difficult the demand.The High Court on July twenty six, 2010, stayed the Uttar Pradesh government demand. The state government has appealed against the keep in Supreme Court.Sources said RIL is demanding that users in Uttar Pradesh enhance the worth of their Letters of Credit, that were previously submitted as guarantees against default, to hide for payments in case, the state sales tax liability was to materalise.

So far, the state power utility NTPC is that the solely firm that has enhanced its LC, whereas fertiliser companies haven't complied with RIL’s demand to date, resulting in the notice for suspension of provides.While the fertiliser companies refused comments, the Fertiliser Association of India  has shot off letters to the Oil and Fertiliser Ministry protesting against the RIL move.The demand of RIL for a better LC is completely unjustified,” he wrote.RIL had last year, too, threatened to suspend provide to the fertiliser plants with result from July fifteen, 2010, if the worth of their LCs weren't raised.While the threat was executed, RIL has once more issued the notice as a result of the tax liability, in case the Uttar Pradesh government’s demand is upheld, amounts to a whopping Rs 750 crore.
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Kernex Microsystems India Ltd has received M/s. Konkan Railway Corporation Ltd.

Kernex Microsystems India Ltd has received M/s. Konkan Railway Corporation Ltd., for Development and delivery of ACD System Version 2.0 of value Rs. 16.765 crores, which included Application Software, Hardware, ACD Route Survey and Design methodology, Performance Reporting System, obtaining of approvals from ETDC and other accredited laboratories and live trials to be conducted shortly in designated sections of Railways.

Tilaknagar Industries Ltd has acquired 100% stake in Punjab Expo Breveries Pvt. Ltd

Tilaknagar Industries Ltd has acquired 100% stake in Punjab Expo Breveries Pvt. Ltd., a bottling unit situated at Derabassi, Punjab on October 01, 2011

Prime Focus has been roped in by Red Chillies for Ra-One

Prime focus that has been accountable for making the magical world of 3D for the recent releases like Harry Porter, inexperienced Lantern, Transformers and Narnia is currently adding the foremost anticipated Indian unleash to the current list. Prime Focus has been roped in by Red Chillies to supply its View-D services to the magnum opus Ra. One. Scheduled for a Diwali unleash, the movie is anticipated to be the largest unleash across the country until date and plans to open in 3000 screens with over 2000 prints in circulation. along side being the only real supplier of 2D-3D conversion, Prime Focus is additionally providing Dl and VFX services for Ra. One.Prime Focus has been a awfully integral a part of the 3D revolution witnessed within the recent times across the world. Recently Lucas Films announced their collaboration with Prime Focus for the 3D conversion of Star Wars: Episode I The Phantom Menace for theatrical unleash. Also, Prime Focus a multi-film production and post production contract with UTV Motion footage, an arm of UTV Software Communications. The partnership can begin with UTV Motion Pictures' 3D film Joker, that Prime Focus can give the 3D services.

Ashok Leyland bags an order for 723 trucks from Tanzanian

Ashok Leyland,Hinduja Group flagship, enetered into the Tanzanian market by bagging an order for 723 trucks, worth over $36 million for buses and special application vehicles.These vehicles will be used for logistical purposes by the government and the Company will complete deliveries by end of the current fiscal

Eveready Industries India is planning to sell around 60-70 acre

Eveready Industries India is planning to sell around 60-70 acre of land in Delhi, Hyderabad and Bangalore to pay debt of about Rs 200 crore. The company is not in a hurry to sell land. Eveready Ind to sell land for Rs 250-275cr.

Tuesday 4 October 2011

Dabur India invest USD 15 million in Srilanka

Dabur India invest USD 15 million to line up an export-oriented facility for manufacturing a spread of fruit-based beverages in Sri Lanka at Gampaha, north of Colombo.The new producing facility can have a capability to provide 2.8 lakh cases of fruit-based beverages each month, and can be commissioned in August-September 2012.The plant will initially employ 75 people when operational, and the company plans to increase number of staff to around 200 by 2013-14.  Dabur’s Food business had reported over 28% growth in 2010-11 despite the provision constraints.
Apart from Sri Lanka, Dabur already has producing units in neighbouring Bangladesh and Nepal. It conjointly has facilities in Dubai and Ras-al-Khaimah in UAE, except for Nigeria, Egypt and Turkey.

Reliance Broadcast Networkto raise Rs 1000 via the qualified institutional placement route

Reliance Industries is putting in place the building blocks for a nationwide rollout of its planned fourth generation wireless broadband network also submitted a proposal to the government regarding KG-D6 on pricing today. With the elder Ambani pulling up his sock, Anil Ambani too is geared to make his splash. ADAG company Reliance Broadcast Network has received approval from its shareholders to raise Rs 1000 via the qualified institutional placement route. He says that phase III of radio is indeed going to be a game-changer and the government policy of raising FDI limit to 26% will bode well for the industry.

GAIL India Ltd to acquire 5.2% stake in Petronet LNG from Asian Development Bank

GAIL India Ltd is keen to acquire 5.2% stake in Petronet LNG  from Asian Development Bank for over Rs 600 crore for it. ADB has offered to sell its 39 million shares or 5.2% stake in Petronet, which is valued at over R614 crore at Monday’s trading price of Rs 157.85 per share.GAIL, ONGC, IOC and BPCL hold a 12.5% stake each, to restrict the public sector holding in the company at 50%. GdF holds 10%. Under the share holders’ agreement (SHA), the five have the first right of refusal over ADB stake.

State Bank of India Rating done by Moody’s Investors Service

Moody’s Investors Service reportedly downgraded State Bank of India’s  bank financial strength rating, or standalone rating, to ‘D+’ from ‘C-’. the revised rating maps to a baseline credit assessment of ‘Baa3’. The hybrid debt rating of the Indian state-run lender was cut to ‘Ba3(hyb)’ from ‘Ba2(hyb)’. The revised bank rating carries a stable outlook and the hybrid rating a negative outlook.

Monday 3 October 2011

Reliance Power Tilaiya UMPP will get carbon credits worth Rs 2,000 crore

Reliance Power will earn Rs 5,000 crore from carbon credit from the three ultra mega power projects of 4,000 MW that.The company seeks to earn almost Rs 2,000 crore in 10 years by registering its 4,000 MW Tilaiya ultra mega power project for carbon credits after it got two of the other mega projects registered with the Clean Development Mechanism Executive Board of United Nations Framework Convention on Climate Change.Anil Ambani-led RPOWER, Rs 17,400-crore ultra mega power project at Krishnapatnam in Andhra Pradesh has qualified for carbon credits, which will help it earn Rs 1,100 crore in the first 10 years of operations.

CBI has Raids JSW Steel premises in Bellary

Another -VE News for JSW Steel ,CBI has conducted searches on the company's premises in Bellary in connection with illegal mining . JSW Steel touched a 52-week low of Rs 548.55 today.

Sunday 2 October 2011

PC Jawellers Plans IPO


PC Jeweller plans initial public offer (IPO) to raise up to Rs 570 crore for opening of 20 new retail showrooms across the country. The Delhi-based jeweller, which currently has 20 stores, had filed the DRHP with the market regulator SEBI last week, to launch its IPO of 4.51 crore equity shares of Rs 10 each.
PC Jeweller posted a net profit of Rs 146.7 crore over a turnover of Rs 1,993.84 crore during the last fiscal.
The company has two jewellery manufacturing facilities in Uttarakhand that cater to domestic market and two facilities at Noida for exports market. In addition to retail operations, the company sells gold and diamond jewellery on a wholesale basis to other jewellery retailers in India. It export gold and diamond jewellery on a wholesale basis to distributors in Dubai, Hong Kong and Singapore. In the last fiscal, exports contributed about 34 per cent to the company's total income.
The book running lead managers are SBI Capital Markets and Kotak Mahindra Capital Company and the co-book running lead manager is IDBI Capital Market Services.

Maruti Suzuki Sales No.s

Maruti Suzuki Sales no.s
Co. reported a 20.8% decline in sales for September to 85,565 units due to labour unrest at its Manesar plant that severely affected production.The company had sold 1,08,006 units in the same month last year.
The Manesar facility rolls out Maruti Swift that has a waiting period of over four months. The plant also produces hatchback A-Star and sedan SX4.
Luxury sedan Kizashi witnessed sales of 14 units.
MSI's exports in September also fell, down 47.5%, to 6,749 units from 12,858 units in the year-ago period.
Sales of the company's mini-segment cars, including the M800, A-Star, Alto and WagonR, fell by 23.5% to 37,324 units from 48,780 units in September, 2010.
Estilo, Swift and Ritz witnessed a 9.3% dip in sales to 19,722 units from 21,749 units in the same month a year ago.
Sales of DZiRE, however, grew by 9.9% to 9,411 units from 8,566 units in the corresponding period a year ago. MSI's mid-sized sedan SX4's sales slipped by 90% to 196 units from 1,965 units in the year-ago month.

Tata Motors Sept. Sales No.s

Tata Motors Sales no.s
The company had sold a total of 64,668 units in the same month of 2010.
The homegrown firm's total passenger vehicles sales in the domestic market stood at 26,319 units in September, up 10.22% from 23,877 units in the same month last year.The company's small car Nano's sales stood at 2,936 units during the month, down 47%.
The 'Indica' range reported sales of 10,282 units, up 64% from September, 2010.
The 'Indigo' family recorded sales of 7,793 units, a decrease of 11% in comparison to the same month last year. Sales of 'Sumo', 'Safari', 'Aria' and 'Venture' grew by 60% to 5,308 units.
In the commercial vehicles segment, the company sold 46,247 units in the domestic market in September, compared to 35,734 units in the same month last year, up 29%.
LCV sales during the month amounted to 28,092 units a growth of 47% over last year
Medium and heavy commercial vehicle sales stood at 18,155 units, a growth of 9% compared to September, 2010.

Saturday 1 October 2011

Kodak shares fall 60 per cent on restructuring fears or May get Bankrupt

Kodak Co shares lost quite half their worth on Friday because the company employed a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer may file for bankruptcy.
Kodak, that delivered the primary client camera in 1888, denied it had a bankruptcy set up, saying it had been committed to meeting its obligations and remains yearning for ways in which to "monetize" its patent portfolio.

Once synonymous with photography, Kodak has struggled with the move to digital cameras and didn't flip a profit since 2007. it's been exploring a purchase of its digital imaging patents, value an estimated $2 billion, and employed investment bank Lazard in July to explore choices.

Rochester, New York-based Kodak said it's "no intention of filing for bankruptcy," once its shares plunged the maximum amount as 68 per cent to 54 cents before recovering slightly to shut down 53.8 per cent at seventy eight cents on the big apple Stock Exchange.

The company's market worth plummeted to roughly $210 million on Friday, down from a lofty height of $31 billion in February 1997, as shown by regulatory filings. the value to insure Kodak's debt with credit default swaps (CDS) surged on Friday as investors priced in bigger bankruptcy risk.

Kodak had already scared markets on Monday when it tapped a credit line however refused to divulge its money position. The stock dived to a 38-year low that day.

Then investors took fright once more Friday once Bloomberg reported that potential patrons for its patent portfolio were cautious regarding going ahead with a bid as they may risk having Kodak creditors sue them once a bankruptcy filing.

Mark Kaufman, an analyst at Rafferty Capital Markets, said that Kodak urgently required to seal a patent deal.

"I do not believe bankruptcy is inevitable. this can be a fairly valuable portfolio, they ought to get an honest value," he said. "They got to get this (sale) out of the method. they have to sell this portfolio, raise some form of money."

The company said in July that it employed Lazard to advise on strategic choices for its patents -- increasingly seen as lucrative assets. Bankrupt Canadian company Nortel fetched $4.5 billion in an exceedingly patent sale in June, conjointly run by Lazard. Google Inc agreed in August to shop for Motorola Mobility for $12.5 billion primarily for its patent portfolio.

One professional -- Robert Miller, a professor at Villanova University faculty of Law -- said filing for bankruptcy may very well find yourself boosting the worth of a patent sale.

Even if the corporate holds a strong, public auction outside of bankruptcy, the headache of litigation still looms if Kodak goes bankrupt later, said Miller.

Selling the assets as a part of a bankruptcy court-supervised auction would solve that concern, Miller said.

Kodak confirmed that it's employed Jones Day however failed to justify why, beyond saying it had been "not uncommon for a corporation in transformation to explore all choices."

The company's board isn't considering replacing Perez at this point, in line with a story within the Wall Street Journal, that cited 2 individuals at home with the matter.

Kodak CDS prices rose to seventy per cent Friday from sixty one per cent Thursday, knowledge supplier Markit said. which means it might price $7.0 million in upfront payments, plus $500,000 a year to insure $10 million debt if Kodak debt for 5 years.

TVS Motor Sales No.s


India's third-largest two-wheeler maker TVS Motor Co its total sales in September rose 17 percent from a year earlier.Total sales 219,369 188,005 17 Two wheelers 215,690 184,783 17 Three wheelers 3,679 3,222 14 Exports 25,973 20,487 27

Friday 30 September 2011

Good News for Koutons Retail

Finally a Good News for Koutons Retail, Koutons Retail said bankers approved debt recast plan and interest rate on debt would be reduced  led by Indian Overseas Bank.As part of the restructuring, part of the working capital will be converted into working capital term loan, to fund the firm's interest due for two years.

Battle between Inox & Anil Ambani for Fame India rights issue

Battle between Inox & Anil Ambani  for Fame India rights issue
Inox holds: 50.27% & Reliance Capital: 35.39%

Thursday 29 September 2011

Tata Metaliks has made a JV with Fomento Resources Group

Tata Metaliks has made a JV with Fomento Resources Group for sale of its 3 lakh tonne pig iron making facility at Redi in Maharashtra for a consideration of Rs 180 crore.ata Metaliks today has signed an agreement with Fomento Resources Group who has presence in iron ore mining in Goa, Karnataka and Maharashtra.

UIDAI letter can be used for opening bank A/C now

UIDAI letter can be used for opening bank a/c.The Reserve Bank today asked the commercial banks to accept UIDAI letter as a valid document for opening bank accounts.After further consultations with Government, it has now been decided to accept the letter issued by the UIDAI as an officially valid document for opening bank accounts without the limitations applicable to Small accounts .Although the UIDAI contains details like name and address, the banks will be required to satisfy themselves about the current address of the customer under the KYC norms.Small accounts is a savings bank account in which the deposits in a year does not exceed Rs one lakh and balance at any point of time is not more than Rs 50,000.

IFCI ups stake in Tourism Finance corporation to 41.5% from 39.4%.

IFCI ups stake in Tourism Finance corporation  to 41.5% from 39.4%.

Punj Lloyd Group has bagged Rs 1,195 crore worth contract from Haldia Energy

Punj Lloyd Group has bagged Rs 1,195 crore worth contract from Haldia Energy, a wholly-owned subsidiary of Calcutta Electric Supply Company (CESC) for its 600-MW thermal power project.It is scheduled to be commissioned by 2014.

GAIL India had agreed to buy a 20% stake in shale gas in USA

GAIL India, State-run utility, had agreed to buy a 20% stake in one of Carrizo Oil & Gas Inc's shale gas assets in the United States. GAILwould invest a total of USD 300 million over the next five years.GAIL and Carrizo will form a joint venture in the US firm's lucrative Eagle Ford shale assets.GAIL's investment includes upfront cash payment of USD 63.7 million and a carry amount of USD 31.3 million linked to Carrizo's future drilling and development costs.

Environment ministry has cancelled the environment clearance to Sesa Goa

Environment ministry has cancelled the environment clearance given to Pirna Iron Ore Mines owned by Sesa Goa, a subsidiary of the Vedanta Group.The EIA report is the basis for appraising projects for green clearance.

In August 2009, the ministry had given the nod to the mine spread over 43 hectares across the Pirna and Nadora villages in north Goa, with an extraction limit of 2 lakh tonnes.
The cancellation comes at a time when the Goa government is facing criticism for illegal mining.Sesa Goa is among the four major mining companies in Goa.

Rakesh Jhunjhunwala & RK Damani pick up 14% in Sterling Holidays

Rakesh Jhunjhunwala & RK Damani pick up 14% in Sterling Holidays in last 2 months, both invested Rs 40 cr each

Tuesday 27 September 2011

Beautiful Weather of Europe

                                                        Beautiful Weather of Europe


Wipro to sell Data Centres and Computer Harware Assets of it's US Unit

India's No.3 software services exporter Wipro is considering selling data centres and other computer hardware assets of its US unit Infocrossing,Wipro has received initial offers from several US telecom firms for sale of five data centres that could be worth around  USD 400 million.

Beautiful Scenes from Europe


Beautiful Scenes from Europe, One in life time you must go there

Sterlite Technologies gets Rs 114 cr order from BSNL

Sterlite Technologies has received a Rs 114 crore contract from BSNL for establishment of a broadband network in the state-run company's telecom circles.The company will install and commission the system by the end of FY'13 and will manage this network for seven years thereafter.The system would be capable of handling about 1.6 million broadband connections.This contract, valued at about Rs 114 crore.

Monday 26 September 2011

Bank of New York Mellon ups stake to 14.07% in Rolta vs 12%

Bank of New York Mellon ups stake to 14.07% in Rolta vs 12% in June. Promoter ups stake by 1% to 42.9% around Rs 110/sh last month

Kirloskar Oil Engines bags an order of Rs 396 crore from Nuclear Power Corp of India

Kirloskar Oil Engines bags an order of Rs 396 crore from Nuclear Power Corp of India

Friday 23 September 2011

Reliance Power 2,400 MW gas based Samalkot power project is on fast track

Reliance Power 2,400 MW gas based Samalkot power project is on fast track with all six turbines from US based GE arriving in India. By December 2011 the first set of two turbines are expected to be commissioned and the balance two sets of two turbines within the next two months.Till time the turbines are integrated into a closed cycle, the first set would produce about 500 MW. All turbines would be synchronized into the closed cycle to generate 2,400 MW by December 2012.

Food inflation fell to 8.84% in the week ended September 10 from 9.47%

Food inflation fell to 8.84% in the week ended September 10 from 9.47% in the previous week.As per Wholesale Price Index data released by the government today.Prices of most commodities, barring wheat, continued to remain firm on an annual basis.
Wheat prices during the week were down 2.72% YoY
Onions became more expensive by 29% and potatoes 13.78%. Overall Vegetables became 12.13% dearer.
Milk prices were up by 10.38%, while fruits grew dearer by 17.67% and eggs, meat and fish prices rose by 9.28% YoY
Prices of cereals also went up, by 4.13%. Even the prices of pulses, which had exhibited a declining trend during recent months, rose by 1.49% during the week ended September 10.
Non-food articles, which include fibres, oil seeds and minerals, recorded 17.42% inflation during the week ended September 10, up from 18.49% in the previous week, ended September 3.
Meanwhile, inflation in the fuel and power segment went up to 13.96% during the week ended September 10 from 13.01% in the previous seven-day period.

DQ Entertainment has signed a licensing and distribution deal with SMC Entertainment for the Jungle Book

DQ Entertainment has signed a licensing and distribution deal with SMC Entertainment division of Sun-Mate Corporation, USA for the Jungle Book, Season One. Under the agreement SMC has the television, home video and licensing and merchandising rights for an initial 5 year term in North America

ITC has increased some cigarette prices by up to 10%.

ITC has increased some cigarette prices by up to 10%.
 It has increased Classic price to Rs 110 per pack versus Rs 100
Wills to Rs 44 per pack versus Rs 40

Thursday 22 September 2011

All markets Tumbled by More then 3% Why??????????????

This All Happen due to that Statement By Fed, The Fed said, "there are significant downside risks to the economic outlook, including strains in global financial markets."Fed Wednesday said it would replace USD 400 billion of the shorter duration Treasury securities it holds with the same amount of 6- to 30-year Treasurys. It  also said that it would buy mortgage securities with the runoff from maturing mortgages in its portfolio. But it also talked about a slow recovery, slow improvement in unemployment and new risks from Europe. Traders concerned that the Fed's efforts will not result in much improvement to the economy.
The Fed action Wednesday also came a day after Republican leaders in Congress sent a letter to Fed Chairman Ben Bernanke asking him to refrain from further stimulus.The unusual act ruffled some in the markets who took it as an assault on the Fed's independence.

Mercator Lines has acquired 50% stakein Indonesia`s Kalimanthan province

Mercator Lines has acquired 50% stake for about USD 30 million (Rs 1.45 billion) in a coal mine in Indonesia`s Kalimanthan province which has reserves of 60 million ton. India`s second-largest private sector shipping company Mercator Lines also said it planned to list its coal division in London in one year. The company is looking at a production of 3 million ton coal in a year which it will sell.

Reliance Capital is now looking to sell 26% stake in Reliance General Insurance Company

 Reliance Capital is  looking to sell 26% stake in Reliance General Insurane Company. Reliance Capital the financial service arm of the ADAG Group has already started the due diligence process and is expected to complete this by the end of this financial year. Sources familiar with the developments say Reliance Capital is looking at a valuation close to what Nippon Life had given for taking 26% stake in Reliance Life.

GVK in talks with Kideco for stake sale in Coal Mines

GVK Group in talks with Kideco for stake sale in Coal Mines they recently closed a deal to acquire coal mines and associated infrastructure from Georgina Hope Rinehart’s Hancock Group for $1.26 billion and is now in the process of raising funds for this.the group announced its acquisition, from Hancock, of a 79% stake in Tad’s corner and Paul’s corner, and a complete acquisition of Kevin’s corner mines located in the Galilee basin in Queensland. GVK was looking to raise around $1 billion to fund the deal by selling a part of its stake in its Singapore-based co. GVK Coal Developers.

Wednesday 21 September 2011

Bad News for Dish TV, Tamilnadu Govt. imposes entertainment on DTH

The Tamil Nadu government imposed 30% entertainment tax (e-tax) on direct to home (DTH) operators. Dish TV revenues are impacted almost 7% because of the entertainment tax across the country. Dish TV's last quarter EBITDA was in the range of 24-26%.

GAIL Will likely to get Subsidy Burden of 2500-2600 Crore

Yesterday on news that there could be rethinking on the one-third subsidy sharing formula that the government has been working with there was a bit of cloud on oil marketing companies.The company's subsidy burden is expected to be around Rs 2,500-2,600 crore.The EGOM will discuss about LPG subsidy and there will be some reductions on Subsidy burden. In case they are fixing four, six or eight cylinders per year, whatever is fixed has to be given on APM price and has to be based on the market price. In case it is reduced then the LPG subsidy will be reduced and contributions from it will be reduced to some extent.

PTC India To Buy Stake Into Asian Genco

PTC India Financial Services will buy a stake the in Singapore-based energy firm East Coast Energy which is part of Asian Genco. PFS has about 13.87% equity stake in East Coast Energy and invested about Rs 133 crore in the company. The valuation and related factors of the deal is expected to be finalised in the next 2-3 months

Voltas To Buy Wipro's Water Treatment Business

Voltas Ltd a Tata group co. is in advanced discussions to acquire soaps-to-software major Wipro's water purification and treatment business.  Wipro attempted selling other smaller businesses like baby diapers and vanaspati oil in recent past ,The sale of the water business could be Wipro's first divestment.

TPG, Shriram May Split Vishal Retail Partnership

Vishal Retail have soured relations between joint owners TPG Capital and the Shriram Group over infusing fresh capital into Vishal Retails to such an extent that the two have started discussing a split and division of assets. The Split comes barely six months after the two jointly acquired the debt-laden discount store chain. Shriram has expressed its inability to bring in more money, which has led to both companies exploring an split.

Dubai-based GEMS Education Buys 12% Stake in Everonn Education

Dubai-based GEMS Education Buys 12% Stake in Everonn Education via a preferential allotment of shares. Each share will cost GEMS 528, an over 40% premium to Tuesday's closing price. GEMS belongs to the Varkey Group, founded by Padmashri Award recipient and Dubai-based NRI entrepreneur Sunny Varkey.Varkey had been picking up Everonn stake in the open market, he had picked up a 1.32% stake for about Rs 17 crore Last week.

Tuesday 20 September 2011

CBI May file Case Against Reliance Industries

CBI May file Case Against Reliance Industries over its operations of its gas block in the Krishna Godavari basin. Earlier this month during investigations agianst Reliance Industries no evidence found that suggest that costs in development of the country's key natural gas field in the KG basin were overstated.The offshore KG basin was expected to contribute up to one-quarter the gas supply for India, but lower-than-expected output has left dependent on expensive, imported LNG to fuel power and fertiliser plants.
 

Actual Price of petrol,Govt. eating our pocket by taking the Name of Rise in Crude prices,

Actua price of Petrol is very low if sold without taxes .Here is the breakdown of the taxes charged by the government in various forms. From the time it is refined to the time it reaches the consumers.
  1. Excise duty  : 14.35 rupees per liter 
  2. Customs duty : 7.5 percent
  3. Sales tax or VAT  : 20 percent.
The total taxes amount to 45 percent of the final cost of the petrol.
If a barrel of crude oil in International market is $140 and if the petrol prices were left to the market fluctuations then the cost of petrol in retail market would be 70 rupees per liter. Now crude oil in International market $110 which is way below $140 mark now petrol rate in Delhi is 66 Rs. but actul rate should be 45% less then actual be. Then why not govt. is reducing taxes instead of hiking prices.

DQ Entertainment to announce two licensing deals

DQ Entertainment (International) Animation content provider going to announce two multi-million dollar licensing deals with overseas firms in the areas of broadcasting, merchandising and publishing in October.They are going to annouce deals at the Cannes film festival in the first week of October. One deal will be in the U.S and second deal in Europe but with a partnership in Canada. DQ Entertainment which has a deal pipeline of USD 112 million in the areas of production, distribution, licensing executable over two and a half years, will add USD 22 million of fresh deals in the next one-two months.

Lenders admit GTL to corporate debt restructuring

Lenders admit GTL to corporate debt restructuring (CDR),SBI Caps proposes restructuring of GTL loans
for over 8 years.Total loans under CDR around Rs 6,000 crore Interest rate on loans to GTL to reduced to 10.8% from 13.5%.

IVRCL under CBI Scanner

IVRCL Alleged for irregularities found in Tsunami housing project in Puducherry CBI alleges loss of Rs 35 crore to Puducherry & Central Govt

Reliance Communications Ltd's to sell Tower business to Blackstone and Carlyle Group

Blackstone and Carlyle Group have jointly expressed interest to bid for Reliance Communications Ltd's tower business.Bid offer valuing the enterprise at about $4 billion.Reliance Communications has put Reliance Infratel on the block looking at a valuation of around $5 billion which owns at least 50,000 towers,  RCom is open to selling its entire 95% stake in its tower arm. RCOM has to pay off debts estimated to be around Rs 32,000 crore, or about $7 billion.

Monday 19 September 2011

GVK Power and Infrastructure will pay $1.26 billion for Australia 's Hancock Group

GVK Power and Infrastructure announced it would pay $1.26 billion for a majority stake in three coal mines, a port and rail project owned by Australia 's Hancock Group Co. will get 20 million tonnes of coal every year for long term. GVK will pay the amount  in a phased manner to the Hancock Group, with $500 million upfront.About $200 million will be paid in one year from closing the deal and another $560 million on financial closure of the project, which is expected next year.

Alfa Laval India has plans to Delist it

Alfa Laval India hits 52Week High on delisting buzz as board meeting today to consider delisting of its shares from the Bombay Stock Exchange and the National Stock Exchange. Sweden-based parent Alfa Laval Corporate AB, which holds 16,120,281 shares or 88.77% stake in Alfa Laval, has proposed a voluntary delisting of the shares of Alfa Laval  from the stock exchanges.

Fortis Healthcare to buy Fortis International

Fortis Healthcare board approved to buy Fortis International Pte Ltd, a Singapore-based leading integrated healthcare delivery company, in an all-cash deal. In a meeting held today, the BoD of Fortis Healthcare India approved the acquisition of Fortis Healthcare International from RHC Financial Services Ltd.

Cummins India Approves 2:5 Bonus

Cummins India shareholders have approved bonus issue in the ratio of 2 for every 5 shares held

Jet Airways hikes fuel surcharge by Rs 200

Jet Airways has decided to increase its fuel surcharge by 200 per domestic sector With the recent hike in ATF prices, . This will be applicable on all flights of Jet Airways, Jet Airways Konnect and JetLite, for sale and travel effective from September 17, 2011. ATF was hiked by 2.5% in line with international oil rates on Thursday night. The oil companies had earlier reduced the ATF by more than 1,586 per kilolitre in New Delhi but the recent hike had wiped out the reductions made earlier.Other airlines are yet to decide on a possible surcharge hike.

SRF gets Cardbon Credits of 305 cr.

The company has got carbon credits worth Rs 305 crore, reports CNBC-TV18.

Saturday 17 September 2011

Reliance Industries Gas output falls by 10%

Reliance Industries Gas output falls by 10%, this decline results into stopping of gas tn many consumers and with the result they are shifting towards imported Liquefied Natural Gas which is 3 times costly then Reliance gas, Gas o/p has fallen to 44 mmscmd which is below 10% from April-June quarter.uefied Natural Gas which is 3 times costly then Reliance gas, Gas o/p has fallen to 44 mmscmd which is below 10% from April-June quarter.

Friday 16 September 2011

World is on the brink of another Recession

World is on the brink of another Recession as Europe economy is under crisis and US economy is under lot of debt and they are facing stiff task to overcome that deep crisis, in US Jobs are getting reduced day by day. US President has given 447 billion dollars bailout of more jobs.India is also facing that heat of global economy slowdown. Inflation is no way of getting lower RBI Has increased 12 times repo rate in 18 months but inflation is not reducing at all with the result that IIP Data comes at 2 year low of 3.3%. Also India is griped with lot of corruption and scams in everyfield such as Mining, Telecom, Gas (RIL), Finance (LIC), commonwealth And you may still do not how many scams are waiting to come. So India economy may feel heat of everything, but as fundamentals are strong so India economy will grow at 8% after 2 or 3 quarters so keep investing in market for long term view in strong fundamentals stocks as Europe economy is under crisis and US economy is under lot of debt and they are facing stiff task to overcome that deep crisis, in US Jobs are getting reduced day by day. US President has given 447 billion dollars bailout of more jobs.India is also facing that heat of global economy slowdown. Inflation is no way of getting lower RBI Has increased 12 times repo rate in 18 months but inflation is not reducing at all with the result that IIP Data comes at 2 year low of 3.3%. Also India is griped with lot of corruption and scams in everyfield such as Mining, Telecom, Gas (RIL), Finance (LIC), commonwealth And you may still do not how many scams are waiting to come. So India economy may feel heat of everything, but as fundamentals are strong so India economy will grow at 8% after 2 or 3 quarters so keep investing in market for long term view in strong fundamentals stocks

RBI hiked Repo rate by 25 basis Points to curb inflation

The Reserve Bank of India hiked repo ,rate at which it lend to banks, by 25 basis points, taking it to 8.25% and adjusted the reverse repo,rate at which it borrows from banks,to 7.25%.This is the 12th time that the RBI has raised key rates in the last 18 months—an effective increase of 500bps from a low of 3.25%  in March 2010 to the current repo rate of 8.25%.

EGoM Deferred plan of Subsidy on LPG Cylinders

EGoM Deferred plan of Subsidy on LPG Cylinders after apparent objections from some UPA constituents.
The meet was to consider limiting the supply of subsidised LPG cylinders to 4-6 per household in a year to cut down the government''s subsidy outgo by over Rs 12,000 crore.However, the move was opposed by key UPA allies, the DMK and TMC.Both the petroleum and finance ministries were keen on the proposal, as it would have plugged the diversion of subsidised LPG for commercial use and cut down the government''s subsidy outgo.

Tree House Education results

Tree House Education reported net profit of Rs 5.2 crore and total income of Rs 16.2 6 crore for quarter ended June 2011

Tata Motors Sales No.s

Tata Motors August Sales no.s are rose 3% from a year earlier to 87,459 units.  During the month Its U.K.-based luxury car unit, Jaguar Land Rover, jumped 31% to 21,242 vehicles.Sales of Land Rover sport-utility vehicles surged 43% to 17,833 units, but Jaguar sedan sales fell 10% to 3,409 autos. Global sales of all trucks and buses rose 17% to 48,023 units, the company said.

ONGC FPO Put on Hold again

Govt gain Put ONGC FPO on hold for undisclosed time. They says that govt. is no hurry to launch FPO in hurry in such a Volatile Market. Gopalan is also confident of meeting FY12 divestment target of Rs 40,000 crore. Govt. wants to raise about 9 billion dollers by Share sell.This is aiming at effort to plugging fiscal gap and generating funds for schemes for the poor.ONGC's share sale, first scheduled for March, has been postponed several times this year due to turmoil in global markets and lingering concerns over government fuel subsidies, part of which are borne by ONGC

Wednesday 14 September 2011

NMDC to bid for 50% Stake in Australia's Legacy Iron Ore

NMDC to bid for 50% Stake in Australia's Legacy Iron Ore which will be its overseas acquisition which will around 200 Crore. The stake sale would enable the Australian miner to unlock and monetise the value inherent at its Mt Bevan iron ore mines and gain a large cash infusion.Legacy Iron Ore holds Iron ores  in central Yilgarn and Pilbara areas of Western Australia.

August Inflation at 9.78%

India's wholesale price index ( WPI) rose 9.78% in August on year-on-year basis. Which means that there is higher probability for another rate hike on 16th August RBI meeting even as economic growth slows and global outlook weakens. As RBI wants inflation to be between 6.5-7%.

Tuesday 13 September 2011

IIP Data at 2 years low

Index of Industrial Production (IIP) for the month of July came in at 3.3% as against 8.8% in previous month, way below the street expectations. The IIP data stated that the capital goods industry grew only 15.2%  in July against 37.7% in the previous month. Is RBI Still going to hike repo rate? everyone is waiting fingers crossed , Most of broker houses are stating that RBI donot hike repo rate as IIP Data is not acceptable at all

DLF has decided to sell its 17.5 acres biggest land deals in the country

DLF has decided to sell its 17.5 acres NTC Mill land in central Mumbai which bankers estimate would fetch between Rs 3000 crore and Rs 4000 crore that will make it one of the biggest land deals in the country

Cipla and Unichem Paediatric drugs nimesulide and phenylpropanolamine will soon be avialable at Chemists

Court order revoked a ban on manufacture and sale of Paediatric drugs nimesulide and phenylpropanolamine due to controversial formulations  will soon be available with chemists.The ban was challenged by writ petitions filed by drug makers Cipla and Unichem.

KS Oil is going to selling off its all key businesses

KS Oil is going to selling off its all key businesses including wind power. Goldman Sachs Investments Mauritius I Ltd bought 2,146,201 shares of KS Oil at Rs 10.92 on the NSE

Monday 12 September 2011

Juergen Stark's departure from the ECB's Executive Board in despair at the policy of buying government bonds to prevent the crisis spreading comes as policymakers in Berlin and beyond are preparing for the growing possibility of a Greek default.

Juergen Stark has given Resignation from the European Central Bank’s executive board as he opposed to the ECB purchasing bonds from debt-laden countries.The ECB is the one institution that has kept the euro zone afloat in the sovereign debt crisis and prevented a bond market meltdown. Juergen Stark's departure from the ECB's Executive Board in despair at the policy of buying government bonds to prevent the crisis spreading comes as policymakers in Berlin and are preparing for the growing possibility of a Greek default.

Tata Motors Chief Executive Officer Carl-Peter Forster has resigned

Tata Motors Chief Executive Officer Carl-Peter Forster has resigned  only 18 months after joining the company.Forster quit due to unavoidable personal circumstances, but will remain a non-executive member of the Tata Motors board. Forster joined Tata after heading General Motors in Europe on February 2010 , with his focus firmly on turning around the loss-making Jaguar-Land Rover unit, which Tata bought from Ford Motor Co in 2008. Forster succeeded in turning around the luxury unit, but sales of the Nano have been disappointing.

Friday 9 September 2011

Rupa & Co. lists today at BSE

Rupa & Company began trading on the Bombay Stock Exchange today in the list of 'T' group Securities. The stock started trading at Rs 200 and went on to hit an intra-day high of Rs 300.
The stock, which was already trading in CSE (Calcutta Stock Exchange and JSE ( Jaipur Stock Exchange), made its debut on BSE on Friday.

Delta Corp to sell offshore casinos in Goa

Delta Corp to sell offshore casinos in Goa, is in talks with the Las Vegas-based MGM Resorts International and Caesars Entertainment, to sell a stake. Caesars and MGM are among more than two international casino owners, which have evinced interest in tying up with Delta. They are currently studying foreign investment, technical collaboration and licensing norms

Bharti Airtel wins 2G & 3G licences in Rwanda

Bharti Airtel wins 2G & 3G licences in Rwanda. Company will invest USD 100 million over next 3 years in Rwanda

Govt okays open licence export of non-basmati rice

Govt okays open licence export of non-basmati rice.Govt okays 2 mt wheat export

Wednesday 7 September 2011

Aurobindo Pharma is in JV with Russia`s Diod to make, market generic drugs

Aurobindo Pharma is in JV with Russia`s Diod to make, market generic drugs

Land acquistion bill will be represented in Parliament today.

Land acquistion bill will be represented in Parliament today.The rehabilitation and resettlement (R&R) provisions will be applicable to the entire project area, only 5% of irrigated, multi-crop land can be acquired and highways have been excluded from the purview of the bill.The current parliamentary session ends on Friday and the bill is unlikely to be passed before parliament this year.

Company is in talks with several PE cos to sell its 25% stake, to retire debt in wholly owned co Renuka Brasil holdings

Company is in talks with several PE cos to sell its 25% stake, to retire debt in wholly owned co Renuka Brasil holdings

Citigroup Inc Former vice president found guilty for embezzling more than USD 22 million

Citigroup Inc Former vice president found guilty for embezzling more than USD 22 million from the company and transferring money to his personal bank account. Gary Foster pleaded guilty to bank fraud, admitting that he took the money between 2003 and 2010 . He appeared in US district court in Brooklyn before Judge Eric Vitaliano.

Tuesday 6 September 2011

Mahindra & Mahindra raised prices by up to 2%

Mahindra & Mahindra raised prices by up to 2% for its entire range of products in August to offset the impact of high raw material rates.Mahindra & Mahindra on Monday said it raised prices by up to 2%for its entire range of products in August to offset the impact of high raw material rates.The company sells utility vehicles like ‘Scorpio´ and ‘Bolero´ along with three-wheeler commercial vehicles. It also manufactures and sells sedan ‘Verito

Amar Singh and 3 others sent to jail for Cash for Votes Scam

 Amar Singh Rajya Sabha MP and former Samajwadi Party leader has been sent to 13-day judicial custody in the cash-for-votes scam. Amar Singh and three other accused - Faggan Singh Kulaste, Mahavir Singh Bhagora and Ashok Argal - will remain in jail till September 19.

ONGC FPO Open on Sept 20 for 42.8 Crore Shares

ONGC FPO Open on Sept 20,Government will offer 42.8 crore shares through this FPO, which will close on September 23. A total of 8.5 crore shares are reserved for employees of the company.If we consider FPO price at Rs 250 a share, the issue size comes to Rs 10,700 crore

BP Confident of increasing Gas Production from KG D6

Country head of BP said he was confident of increasing gas production from KG D6 in about 2 Years. BP took 30% stake in RIL's 21 oil and gas blocks.
In July, India's cabinet had approved Reliance's plan to sell 30 percent stake in 21 oil and gas blocks to BP as part of a $7.2 billion deal , making it one of the largest investments in India's oil and gas sector.In May, the director general of hydrocarbons said the company was producing 48 mscmd (million standard cubic metres per day of gas) from the block, lower than 60 mscmd it produced last year and far off the planned peak capacity of 80 mscmd.

Monday 5 September 2011

NCC bags order worth Rs 630 cr

NCC bags order worth Rs 630 cr. Order book now stands at Rs 17,000 cr with new orders

Suven Life Sciences has received four product patents in Australia and New Zealand

Suven Life Sciences  has received four product patents in Australia and New Zealand for its new chemical entities (NCEs), which could be used for treating various central nervous disorders.
which has an estimated $30 billion market potential globally

DoT Seeks Rs 6,830 crore for ITI Revival

Indian Telephone Industries gear making co. which govt. failed to sell so many times, the telecom department has now sought Rs 6,830 crore from the finance ministry to turnaround the public sector company.Over the last couple of years, the Centre has already shelled grants to the tune of over Rs 4,000 crore to clean up the company's balance sheet.

Onmobile board approves buy back at Rs 85/sh

Onmobile board approves buy back at  Rs 85/sh
 Feb 2008 it's IPO was priced at Rs 440.In March 2011 it approves 1:1 bonus making the stock more liquid. The current price should probably be seen in comparison with Rs 220 not Rs 440.
The share 52 week high on the BSE was Rs 200, on 6th October 2010, and its 52 week low was Rs 54.10 as recently as 19th August 2011

Everonn Education Business is in Clouds now

Everonn MD’s arrest means education business is in clouds now. There was buzz that Nikhil Gandhi is taking over as Chairman as JJ Irani steps down.Company appointed Director Susha John as CEO on Friday after P Kishore was arrested last week.
Kishore was arrested for allegedly giving Rs 50 lakh as bribe to Additional Income Tax Commissioner Andasu Ravindar to conceal Rs 60 crore of taxable income out of Rs 116 crore detected by CBI officials recently

Friday 2 September 2011

Sun Pharma gets US FDA nod to sell cetirizine tablets as OTC

Sun Pharma gets US FDA nod to sell cetirizine tablets as OTC

Market reaches 5000 again,what to do know?

Market closed above 5000 is this indicates uptrend? Ans. Is No this doesn't reflects that market fundamentals are strong as this pull back is only due Federal reserve actions to save U.S. from going into recession, but Recession is very much due in U.S. so this rally could not last long it may go down to 4400 levels very soon, So keep buying good stocks at all levels for long term prospect. Indian Market will blounce back everytime with global cues but this doesn't shows amrket fundamentals

Reliance to buy 74% Stake in Nippon

Reliance Capital annouced partnership with Japanese insurance major Nippon Life . Reliance Capital is gazing this tie-up from a distribution and asset management perspective.Post the deal Rel Cap can hold 76% stake within the company and 26% are going to be controlled by Nippon underneath strategic agreements, Ghosh confirmed.

TVS Motors sales no.s

TVS Motors August total sales were up by 16% at 3.83 lakh units, YoY. Its exports were up by 40% at 1.38 lakh units, YoY. Its motorcycle sales were up by 17% at 3.38 lakh units, YoY,

Bajaj Auto Sales no.s

Bajaj Auto August total sales were up by 16% at 3.83 lakh units, YoY. Its exports were up by 40% at 1.38 lakh units, YoY. Its motorcycle sales were up by 17% at 3.38 lakh units, YoY,

CBI arrested Everonn Education's MD

CBI arrested Everonn Education's MD P Kishore and addtl commissioner of Income Tax in Chennai, Andasu Ravindar on Mon in bribery case

Tuesday 30 August 2011

Ramalinga Raju Bail petition rejected

Andhra Pradesh High Court today dismissed the bail petitions of B Ramalinga Raju and seven other accused in the multi-crore Satyam computers accounting fraud.

Mahindra Satyam-Tech Mahindra will appoint bankers to finalise merger details

Mahindra Satyam-Tech Mahindra will appoint bankers to finalise merger details
Legal advice has been sought to settle tax issue with govt before merger. The company is in talks to negotiate tax settlement but may even push the merger process to January if the tax case is not settled.

Lanco Infra arm Griffin terminates coal supply pact with Perdaman

Lanco Infra arm Griffin terminates coal supply pact with Perdaman. Griffin Coal said Perdaman has time till Oct 15 to meet supply norm

Maruti Suzuki is likely to resume by today

Maruti Suzuki is likely to resume some operations at its Manesar plant in Haryana todyaand may even employ temporary contract workers at the plant. Maruti has suspended nearly two-dozen workers at Manesar and has alleged deliberate tampering with components by some workers.

GDP Data shows slowdown in Indian economy

The Indian economy grew a meagre 7.7% in the first (April-June) quarter of fiscal year 2012 as against 9.3% recorded in the same quarter last year.
The slowdown was mainly due to manufacturing sector, which grew 7.2% during the quarter versus 12.7% on year-on-year basis.
Ariculture output showed an improvement, expanding by a robust 3.9% over 2.4% (YoY), the mining and quarrying sector grew by a minuscule 1.2% growth as against 7.7% growth in the first quarter of the previous fiscal. Construction took a major beating, growing a meagre 1.2% annually.
The services sector, including insurance and real estate, grew by 10% during the quarter, compared to 9.8% expansion in the corresponding period last year, while industry grew by 5.1%.

ONGC FPO on September 20

ONGC is likely to hit markets on September 20. It is likely to file FPO documents with SEBI by September 8.

Monday 29 August 2011

RBI issues Guidelines for New banking licences for corporates

(i) Eligibility: Entities / teams within the personal sector, owned and controlled by residents, with diversified possession, sound credentials and integrity and having successful diary of a minimum of ten years are going to be eligible to market banks. Entities / teams having vital (10% or more) income or assets or each from property construction and / or broking activities individually or taken along within the last 3 years won't be eligible.
(ii) company structure: New banks are going to be originated solely through an entirely owned Non-Operative Holding Company (NOHC) to be registered with the Reserve Bank as a non-banking finance company (NBFC) which is able to hold the bank in addition as all the opposite money firms within the promoter cluster.
(iii) Minimum capital demand: Minimum capital requirement are going to be Rs five hundred crore. Subject to the present, actual capital to be brought in can rely on the business set up of the promoters. NOHC shall hold minimum four-hundredth of the paid-up capital of the bank for a amount of 5 years from the date of licensing of the bank. Shareholding by NOHC in far more than four-hundredth shall be brought all the way down to two hundredth at intervals ten years and to fifteen at intervals twelve years from the date of licensing of the bank.
(iv) Foreign shareholding: the combination non-resident shareholding within the new bank shall not exceed forty ninth for the primary five years once that it'll be as per the extant policy.
(v) company governance: a minimum of five hundredth of administrators|the administrators} of the NOHC ought to be freelance directors. the company structure ought to be such that it doesn't impede effective supervision of the bank and also the NOHC on a consolidated basis by the Reserve Bank.
(vi) Business model: ought to be realistic and viable and may address how the bank proposes to realize money inclusion.
(vii) alternative conditions:• The exposure of bank to any entity within the promoter cluster shall not exceed 100 percent and also the combination exposure to any or all the entities within the cluster shall not exceed two hundredth of the paid-up capital and reserves of the bank.• The bank shall get its shares listed on the stock exchanges at intervals 2 years of licensing.• The bank shall open a minimum of twenty fifth of its branches in unbanked rural centres (population upto nine,999 as per 2001 census)• Existing NBFCs, if thought-about eligible, is also permitted to either promote a replacement bank or convert themselves into banks.
(viii) In respect of promoter teams having four-hundredth or a lot of assets / income from non-financial business, sure further necessities are stipulated
.

DLF is in talks with IDFC to sell its Noida IT Park stake

DLF is in talks with IDFC to sell its Noida IT Park stake

Maruti Management suspends 21 workers at Manesar unit

Maruti Management suspends 21 workers at Manesar unit. Maruti may temporarily suspend operations at Manesar plant

Sunday 28 August 2011

Anna Hazare Breaks his fast today at 10.00 AM after Anna three demands accepted. PM takes step forward to clinch the deal, this is 1st time parliament agreeing to accomodate demands raised by an outsider.Anna Hazare Breaks his fast today at 10.00 AM after Anna three demands accepted. PM takes step forward to clinch the deal, this is 1st time parliament agreeing to accomodate demands raised by an outsider.

Saturday 27 August 2011

Power Tariffs has been increased in Delhi by 21.77%

Power Tariffs has been increased in Delhi by 21.77% from next month annouced by Delhi electricity regulatory commission on friday, Increase in tariff will be effective from September 1st,2011ll be effective from September 1st,2011

Friday 26 August 2011

Nifty Hits 18 Months low

Nifty hits 18th Month Low of 4718 today Anil Dhirubhai Ambani group stocks saw a big cut. Reliance Capital was the biggest loser, crashing 12%. Reliance Communications lost 10%. Reliance Infrastructure fell 9% and Reliance Power slipped 6%

Tree House Education & Accessories Ltd. lists todat

Tree House Education & Accessories Ltd. lists today and Make a high of 161 Rs and looses it's gains as other IPO'S did by making a low of Rs. 104 rs.

Kingfisher Airlines board approves raising Rs 2,000 cr via rights issue

Kingfisher Airlines board approves raising Rs 2,000 cr via rights issue

Amtek Auto board approves buyback

Amtek Auto board approves buyback at a price not exceeding Rs 200/sh

Wednesday 24 August 2011

Kiri Industries Bags Blockbuster Rs. 100 crores per annum

Kiri Industries Bags Blockbuster Rs. 100 crores per annum Multi-Year Order for Exports of Dyes.

Bharti airtel paid Rs 1,177.48 crore to the government toward licence fees

The country's largest private telecom operator Bharti airtel paid Rs 1,177.48 crore to the government in the April-June quarter toward licence fees and spectrum usage charges, more than any other service provider.

How will LokPal Bill Effect our lifes

if demanded LokPal Bill will get approved then Corruption will reduced to very low level as no one take bribe for doing a small to large works as if people compliant against a Govt. employee that he/she is taking bribe then they will face a strict action and you may also says that power of Ministers, IAS ofiicers, Police and other Govt. employees get reduced to very low level they can't misuse their power. No one able to say that i know that politician or that officer every work will be done with any bribe. we will be able to get work done Very easily, This Bill is for Middle class and Poor people who suffers a lot due to that Govt. employees.
You may realize and see a growing facing of India where corruption almost to zero level, So do support Anna Hazare for demanded Lokpal Bill not on any conditions













Lovable Lingerie Makes new High

Lovable Lingerie Makes new High of 558 and still looks very solid to go above 600 as their growth story in Ladies innerwear is intact. So keep buying that stock on every dip

Jharkhand Pollution board orders closure of mining in 22 mines of coal india

Jharkhand Pollution board orders closure of mining in 22 mines of coal india

Indian Banks fears about rise of bad loans

India's banks have begun sending out warning signals that a credit crisis worse than the one in 2008 may be simply round the corner, consistent with analysts, bankers and credit rating agencies. Non-performing assets are on the increase and have started contact on Indian banks' balance sheets. A lethal cocktail of record-high commodity costs, interest rates spiralling upward, weak markets and concern of a double-dip recession in developed economies has forced several Indian corporations to restructure or default on their debt.
Crisil, the Indian rating agency owned by Standard & Poor's, expects overall bad loans held by Indian banks to rise from 2.3% to 2.6% in the year ending in March 2012.

Moody's Investors Service has cut the rating on Japan's government from Aa2 to Aa3

Moody's Investors Service has cut the rating on Japan's government debt by a notch to Aa3, blaming massive budget deficits and also the build-up of debt since the 2009 world recession. they need said that many factors create it tough for the country to slow the expansion of debt-to-GDP and so drive this rating action.The agency had warned in might that it's going to downgrade Japan's Aa2 rating owing to heightened issues concerning its faltering growth prospects and a weak policy response to take care of a bulging public debt, currently twice its USD five trillion GDP."Several factors create it tough for Japan to slow the expansion of debt-to-GDP and so drive this rating action," Moody's said in a very statement, adding that the March eleven earthquake and ensuing nuclear crisis had exacerbated Japan's issues. Thomas Byrne of Moody's Ratings went on to mention, "We initial lowered Japan's AAA rating back in 1998. Since then bond yields are on a declining trend and moving inversely with the increase in government debt. therefore we tend to don’t think about ourselves to be late during this. In fact, the rating modification reflects the long-term risks to the economy from high budget deficits and high debt. At an equivalent time, the stable outlook recognises that strengths of Japan can still support patrons and a really low funding price for the govt. therefore we tend to don’t see any eminent JGB crisis over the rating horizon."

Bata always keep on Making New highs

As i told yesterday Bata India and few other stcoks they all keep on making new even in bearish market, So keep on accumulating all these stcoks whenever they give some correction, Bata India Made a high of 734 today keep a watch at that stcoks as it will be going to make new highs.

Govt is keen to infuse capital in SBI

Govt is keen to infuse capital in SBI: Banking Secretary DK Mittal. Govt will infuse capital in SBI this fiscal

Shriram EPC ties up with an Israeli company for executing a Rs 640 crore order

Shriram EPC ties up with an Israeli company for executing a Rs 640 crore order for providing EPC services

Japanese based Kaneka Corp is eyeing stake in Supreme Industries

Japanese based Kaneka Corp is eyeing stake in Supreme Industries

Japan based Takeda is in talks to acquire Cipla or Lupin’s Pharma business

Japan based Takeda is in talks to acquire Cipla or Lupin’s Pharma business

Tuesday 23 August 2011

What type of stocks you should in current Market?

In current situation we always look around what stocks we should buy by looking at current senario? Always buy look for those stocks which have high top line growth then bottom line means profit increases more compared to sales stocks of such type are Bata India, Page Industries, Lovable lingerie, IGL, Blue dart these co.s stocks never falls what type of market situation may be they falls only 2 to 10% when market crashes but recovers by 5 to 20% within days so go for that stocks and add into your portfolio for long run

TD Power Systems coming with Public Issue

TD Power Systems, Manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW, proposes to enter the capital markets on August 24, 2011 with a public issue of equity shares through 100% book building process. The price band has been fixed at Rs 256-261 per equity share of Rs 10 each. Credit Analysis & Research  has assigned grade 4/5 to the issue indicating above average fundamentals

GVK Power arm to buy Siemens' 14% stake in Bangalore Airport SPV

GVK Power arm to buy Siemens' 14% stake in Bangalore Airport SPV

Gold Crosses 1900 Dollars

Gold Crosses 1900 Dollars and approaching towars 2000 dollars very soon

SRS IPO Opens today

 SRS 3.5 crore shares IPO has opened for subscription today. It has fixed issue price at Rs 58-65 a share.
It is a diversified company having businesses like cinema exhibition, food and beverages, retail and manufacturing and jewellery retail.The issue, which constitutes 25.13% of the post-issue share capital, will close for subscription on August 26, 2011.

DLF plans to cut debt by Rs 3000 crore

DLF plans to cut debt by Rs 3000 crore, to divest non-core assets including hotels & plots

Mahindra Satyam slapped with Rs 2114 cr income tax notice

Mahindra Satyam slapped with Rs 2114 cr income tax notice for the assessment years 2002-03 & 2007-08

Monday 22 August 2011

HDFC increased stake in Aurobindo pharmaHDFC increased stake in Aurobindo pharma

HDFC increased stake in Aurobindo pharma from 5.01% to 7.16% by purchase of around 63 lakh shares on June 1

Sunday 21 August 2011

On Saturday gold touched 28000 everyone is thinking is it is safe now to invest in gold? Gold is always investment due to global slowdown ,some correction of 1000 Rs. May occur before 30000 landmark, Had you ever hear from anyone that gold prices are down lets buy them, you always hear that gold prices are increased to that level, so gold is always be safe investment so go and buy now, moreover this rally in gold prices is not because of buying by Indians but this rally is whole due to forgein institutnal buying Indians are not buying at that moment they are just waiting rally due to Indian buying is yet to comeOn Saturday gold touched 28000 everyone is thinking is it is safe now to invest in gold? Gold is always investment due to global slowdown ,some correction of 1000 Rs. May occur before 30000 landmark, Had you ever hear from anyone that gold prices are down lets buy them, you always hear that gold prices are increased to that level, so gold is always be safe investment so go and buy now, moreover this rally in gold prices is not because of buying by Indians but this rally is whole due to forgein institutnal buying Indians are not buying at that moment they are just waiting rally due to Indian buying is yet to come

India growth story is intact for long term

India is one of powerfull emerging economy as India consumption story is intact with it, as India is 2nd in popullation and there is always opportunity for co.s to expand their bussiness and in India population mojority is of young peoples so you can say India economy is young economy. India will soon comes out to be powerfull economy in few years so keep faith in Indian co.s as thier consumption story is intact

Anna Hazare impact on Indian Economy

Anna Hazare is now start impacting Indian economy as our ministers are now focused towords Lok Pal Bill instead of implimenting new policies to improve Indian economy ,Indian economy is now failini to win interest of FII'S as they are fearful of a stable economy

Friday 19 August 2011

Gujarat Gas results

Gujarat Gas has reported net profit of Rs 96.5 crore for quarter ended June 2011 as compared to Rs 57.8 crore in the same quarter a year ago. Gross sales were at Rs 585.8 crore as compared to Rs 416.3 crore.

Gold Near 28000

Gold is trading near 28000 as Europe opened in red,
European debt concerns continued to augment the safe have appeal for the yellow metal. On US front, Philadelphia Fed Manufacturing index, a regional gauge for manufacturing activity declined to -30 in August,as compared with 3.2 in July. Moreover, Morgan Stanley cuts its global economic growth forecasts, citing "recent policy errors" and saying that US and Europe are now "dangerously close to recession"

Gold crosses 1850 Dollars

Gold is continue to remain high with global crisis and today it crosses 1850 dollars and may touch 1900 dollars next week, In INR it goes above 27500/- and touched 27638/-

INOX Leisure Update

INOX Leisure has commenced the operations of a multiplex cinema theatre at Patamata, Vijayawada

Scooters India Update

The Finance Minister has said the government is planning to revive Scooters India via JV route

Drug regulator has sent show-cause notices to Cipla and Dr Reddy's Laboratories

The country's drug regulator has sent show-cause notices to Cipla and Dr Reddy's Laboratories for selling drugs banned by the government and is planning similar action against a few other top drug makers.

GTL results

GTL reported standalone net profit of Rs 2.42 crore for the quarter ended June 2011 against Rs 34.85 crore in the same period a year ago. Net sales climbed to Rs 695.40 crore from Rs 599.34 crore.

Thursday 18 August 2011

Just Dial Plans for IPO

Local search engine Just Dial plans to raise Rs 360 crore through an initial share sale, probably valuing the company more than 10 times its last fiscal revenue. About 10.6 million shares will be sold by existing owners, said the document, without mentioning the specifics. In the year ended March 2011, Just Dial posted a net profit of Rs 29 crore on total revenue of Rs 189 crore, the offer document shows.