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