Indian Business going global : Motorola's Mobile Handset business could be taken over by an Indian company (Videocon)

Another Indian company is going after global business unit. Videocon has shown their interest to acquire Motorola's mobile handset business which Motorola wants to hive off as a different entity. Reason for this interest can be gathered from this news snippet

Explaining why he was bidding for Motorola's handset business, Dhoot said his group was ready to launch its pan-Indian GSM mobile operations at an investment of Rs 6,000 crore.

Also, it has a consumer durables retail chain under the brand name "Next" with over 1,000 stores across the country that stock mobile phones too.

"The Indian market for mobile phones is around 120 million units a year and we have our own retail chain stories that we can leverage. Also, we can transfer the manufacturing plant to India to leverage cheap labour in the country," added Dhoot.

Its too early to predict if this will materialize but this again goes on to show the confidence that Indian businesses are showing to become truly global players

RK

Indian Stock Market - Broker Tips and calls

Broking house	Company	Action	Date	Price (Rs)
Emkay	+ ICICI Bank	Buy	Mar 13, 08	1,600.00
Citigroup	+ Sun Pharma.	Buy	Mar 13, 08	1,350.00
HEM Securities	+ Tata Steel	Buy	Mar 13, 08	1,049.00
Sharekhan	+ Esab India	Buy	Mar 13, 08	575.00
Prabhudas Lilladher	+ Punj Lloyd	Buy	Mar 13, 08	467.00
HEM Securities	+ Tata Chemicals	Buy	Mar 13, 08	456.00
Angel Broking	+ Bank of India	Buy	Mar 13, 08	425.00
Angel Broking	+ Exide Inds.	Buy	Mar 13, 08	80.00
Sharekhan	+ Marico Ltd.	Buy	Mar 13, 08	70.00
ICICI Securities	+ HCL Technologies	Buy	Mar 13, 08	-
Emaky research	+ L & T	Accumulate	Mar 12, 08	4,381.00
India Infoline	+ Reliance Inds.	Buy	Mar 12, 08	3,198.00
HEM Securities	+ Blue Dart Expres	Buy	Mar 12, 08	872.00
Citigroup	+ Apollo Hospitals	Buy	Mar 12, 08	610.00
Religare	+ Bihar Tubes Ltd.	Buy	Mar 12, 08	242.00
Prabhudas Lilladher	+ IDFC	Buy	Mar 12, 08	236.00
Prabhudas Lilladher	+ Areva T&D India	Outperformer	Mar 10, 08	2,294.00
India Infoline	+ Nestle India	Buy	Mar 10, 08	1,793.00
Prabhudas Lilladher	+ ICICI Bank	Buy	Mar 10, 08	1,590.00

soure:rediff

RK

12 March 2008 : Indian Stock Markets to see an excellent day today

Expect Indian markets to do very well today on account on global cues. All Asian stock exchanges are trading in the positive and by huge margins. Its good news for all of us. Its all due to the US markets doing pretty well last week. Lets see some of the US market headlines that could be the trigger for the positive sentiment

US dollar comes off lows on Fed action
Channel NewsAsia
NEW YORK : The US dollar hit an all-time low against the euro on Tuesday but later drew support from joint action by the US Federal Reserve and other central banks to restore credit flows in the global financial system.

Oil eases from record high as Fed move boosts dollar
Reuters
LONDON (Reuters) - Oil slipped below record highs of nearly $110 a barrel on Tuesday as the U.S. dollar rallied after the Federal Reserve and other central banks injected liquidity into strained financial markets.

Dollar soars as Fed announces liquidity measures
Reuters:
NEW YORK (Reuters) - The dollar rose sharply on Tuesday after the Federal Reserve announced new measures to inject liquidity into the financial system, easing concern about a deepening credit crisis and a U.S. recession.


Fed again takes steps to boost market liquidity
Reuters
WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday that with pressure mounting again in financial markets, it was expanding a securities lending program and will accept a broader range of securities as collateral.

RK
http://yourmitra.wordpress.com

10 Mar 2008 : Indian Stock Market Weekend News Roundup

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Chambers seek 5 yrs for listed cos to hike public stake
Industry chambers FICCI and Assocham have asked the government to allow listed companies to raise public holding from 10 per cent to 25 per cent in a phased manner over a period of five years, instead of doing it in one go as specified by the Finance Ministry

SBI to expand gold coin sale business
An unabated fascination for gold among the domestic consumers and its safe-haven investment character has inspired the State Bank of India to ratchet up its gold business and bring out coins weighing 2-50 grams to be sold through its select branches.

The Economic Times
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Govt puts PSU sell-off back on fast track
The government will soon seek Cabinet approval for a proposal to list some of the profit-making state-owned companies

Mukesh wants top brass to get cracking on Rel Retail
At a series of review meetings, Mukesh Ambani is believed to have expressed concerns over Reliance Retail’s current pace of growth.

RCom to issue 1.75 crore shares under ESOP
RCom has said it would issue 1.75 crore shares under Employees Stock Options to 20,000 staff members of the company and its subsidiaries.

Business Standard
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Investors lose 24% value as 13 out of 18 IPOs flop Investors lose 24% value as 13 out of 18 IPOs flop
India Inc opposes 25% minimum public shareholding norm India Inc opposes 25% minimum public shareholding norm
Traders edgy over advance tax, Re may dip Traders edgy over advance tax, Re may dip

RK
Real Estate Social Network

11 things not to do with your money

"11 things not to do with your money" is a piece that I came across Rediff just a while ago. It is a practical list of not to do things. I am listing the points here.

1. Don't go on depositing your salary in your savings account
2. Don't manage money without a good plan
3. Don't invest all your money in the same plan
4. Don't set high savings targets
5. Don't lose your focus on savings
6. Don't splurge more just because you got a hike
7. Don't shop for unnecessary items
8. Don't go for too many loans at the same time
9. Don't join any scheme without verifying the credentials
10. Don't invest your money in risky plans
11. Don't forget the dates, plans


Click here to read the original piece

RK
Real Estate Social Network and Rental Classifieds

07 Mar 2008 : Indian Stock Market News Round up

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RBI: Budget in line with growth, price goals
Central bank sees the government's 2008/09 budget as being in line with growth and price stability objectives, it said on Thursday, adding it will help to implement a farm debt relief scheme.

Government may ease foreign debt rule in future
India will ease restrictions on overseas borrowing by companies, introduced last year to slow capital inflows, as soon as local and global conditions allow, a senior finance ministry official said on Thursday

Investors must be encouraged to stay for longer term: FM
Defending his budget proposal to increase short term capital gains tax rate, Finance Minister P Chidambaram today said it would encourage the investors to hold on to their investments for a longer period in the markets, which are currently volatile.

Chidambaram asks brokerages to embrace corporate culture
Finance Minister P. Chidambaram has asked stock brokerages to introduce corporate culture in their working and suggested creating a separate exchange to list small and medium enterprises.

Chidambaram bats for cheaper housing loans
Finance Minister P. Chidambaram Thursday made another pitch for commercial banks to cut interest rates for their consumers, especially on housing loans up to Rs 0.2 crore that accounted for 80 per cent of exposures

The Economic Times
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India Inc on debt row, credit rating takes a hit
With Indian cos borrowing heavily to acquire businesses several times their own size, corporate India has seen a fall in its credit worthiness.

Volatile mkt: Now, brokers bat for commodity futures
Brokers feel that commodity futures may be a safer bet than the equity F&Os at this moment, even as experts have their reservations

International News
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Heavy losses on Wall Street on credit jitters
NEW YORK - Wall Street stocks wallowed in losses Thursday as growing worries about the financial and housing sectors kept traders in a grim mood.

US home foreclosures at new high
WASHINGTON : US home foreclosures rose to new highs in the fourth quarter of 2007 as loan delinquencies jumped to a 22-year high, the Mortgage Bankers Association reported Thursday

Gold price strikes record high near 1,000 dollars
LONDON : The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said

Oil price hit record high near US$106 amid New York explosion
LONDON : Oil prices soared to a record high close to US$106 a barrel on Thursday as traders were spooked by a small explosion in New York, a surprise fall in US crude stockpiles and the weak US currency.

U.S. department stores report weaker February sales
ATLANTA (Reuters) - Major department store chains reported lower February same-store sales on Thursday as consumers spent less on home goods and women's apparel in the weaker U.S. economy.

Household wealth dips for first time since 2002
WASHINGTON (Reuters) - The net wealth of U.S. households fell for the first time in five years during the fourth quarter last year as the value of real estate holdings and stocks weakened, the Federal Reserve said on Thursday

U.S. jobless claims tumble 24,000 last week
WASHINGTON (Reuters) - New applications for U.S. jobless benefits tumbled by 24,000 last week to a much lower-than-expected 351,000, but the number remaining on jobless aid stood at the highest level in nearly two and a half years, a Labor Department report on Thursday showed.

RK
http://yourmitra.wordpress.com

06 March 2008 : Indian Stock Market News, Analysts Views and Tips

MoneyControl
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• Mkts need local news for direction: PN Vijay
• Mkts could see further correction: Experts
• Mkts seen volatile till subprime woes settle: Sundaram MF
• It's time to buy big PSU banks: Experts

Rediff
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SEBI will rationalise the intermediary fees that it charges, says CB Bhave, the new SEBI Cheif, reports CNBC-TV18. The fees will be reduced by 50-80%, and this reduction will come into effect from April 1, 2008, he adds.

If ITC can move above Rs 170-175, on a closing basis, then it can move up to Rs 225 and maybe even 240 in the next 2-3 quarters, says Vijay Bhambwani, technical analyst, on CNBC-TV18

Indiabulls has put a 'buy' rating on BHEL, with a target price of Rs 2,850, reports NDTV Profit.

Ashok Leyland is a 'buy' at current levels, says Ashutosh Goel of Edelweiss Capital, onn CNBC-TV18.

Morgan Stanley has cut its target price for SBI to Rs 1,910 from Rs 2,550, reports CNBC Awaaz.

IT heavyweights have limited downside, about 5-6%, says Vijay Bhambwani, technical analyst, on CNBC Awaaz.

The Economic Times
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Indian stock market returns second-best
A study by Dun & Bradstreet India indicates the domestic stock market has produced the second-best returns over a 10-year timeframe.

SEBI to cut time lag in listing of shares
SEBI will reduce gap between opening of an issue and listing of securities on bourse and make registration norms for FIIs more flexible.

International News
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US dollar stumbles to another record low against euro
NEW YORK : The US dollar slumped to fresh lows against the euro on Wednesday as traders digested a glum assessment on the US economy in the Federal Reserve Beige Book and braced for a potentially weak report on Friday

US stocks end higher as market shakes off Fed survey
NEW YORK : Wall Street stocks closed higher on Wednesday as the market shook off a Federal Reserve survey stating that the US economy was sputtering on several fronts amid a long-running housing market slump

NY oil closes above US$104 for first time
NEW YORK : Crude oil prices closed above 104 dollars a barrel for the first time on Wednesday in the face of sliding US crude stockpiles, a plunging dollar and after OPEC decided to maintain output levels.

Japan stocks up as U.S. fears ease, yen stabilises (at Reuters)

Fed report says U.S. growth slowed in early 2008
WASHINGTON (Reuters) - Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank's "Beige Book" report on economic conditions said on Wednesday

Service sector slump wears on; Fed sounds grim
NEW YORK (Reuters) - The slumping U.S. service sector and a weakening job market dealt further blows on Wednesday to an economy teetering on the brink of recession, while bad news continued unabated on the inflation front

U.S. private sector jobs drop unexpectedly in Feb
NEW YORK (Reuters) - U.S. private employment fell unexpectedly for the first time in nearly five years in February, according to a private report on Wednesday that dealt another blow to an economy teetering on the brink of recession

U.S. productivity revised up but labor costs mount
WASHINGTON (Reuters) - U.S. productivity grew at a slightly faster-than-expected revised pace in the fourth quarter, government data showed on Wednesday, but an increase in hourly compensation pushed unit labor costs higher

RK
Rental Classifieds and Real Estate Social Network

05 Mar 2008 : Indian Stock Market News and Analysts Tips

MoneyControl
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• Gbl weakness accentuated Budget negatives: Kotak Sec
• Mkts to be choppy for 3-6 months: Lehman
• '08 to be down year for mkts: Morgan Stanley
• Mkts still seeing excessive valuations: Damani
• Farm loan waiver +ve in short-term: MF Global
• Mkts to consolidate for a month: Kotak Mah

Sify
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Eicher cuts truck prices after budget duty drop
Truckmaker Eicher Motors Ltd said on Monday it will cut commercial vehicle prices by between Rs 5,000 and Rs 19,000 each, following a government plan to cut taxes on cars, trucks and motorbikes

TRAI to review FI limits for broadcasting sector
In view of convergence of broadcasting and communication technologies, Telecom Regulatory Authority of India (TRAI) today proposed to review Foreign Investment (FI) limits in the electronic media to provide level playing field among competing technologies

Exports grow 20.47% in Jan
Exports showed a healthy growth of 20.47 per cent in January this fiscal over the same month last year, but expanded by a single digit figure of 7.66 per cent in rupee terms due to pricey domestic currency

Narayana Murthy to join HSBC board
Global banking giant HSBC on Monday said Indian IT major Infosys' Chief Mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh)

The Financial Express
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Bihar okays $10-bn investments
The Bihar government has approved investment proposals worth over Rs 40,000 crore, many by big corporate entities, but there are still hurdles in the way like poor infrastructure and land acquisition, the state's latest economic survey said

FM: were not as decoupled as we think
Finance minister P Chidambaram appeared unruffled by the downslide in the domestic stock markets, attributing it to a slowdown in US markets. The benchmark Sensex slid 5.1% on Monday, tracking other weak Asian markets.

World economy slips further, prices gear up
The world economy geared down another notch in February but the inflation threat intensified, data showed on Monday, posing the biggest challenge for central bankers in a generation

Investors lose Rs 2.7 lakh cr since Budget; FIIs sell heavily
Over Rs 2.70 lakh crore has been wiped out in market capitalisation since the Budget was presented on February 29, when the Sensex touched 17,578.72. The M-cap of the Bombay Stock Exchange, which touched Rs 58,85,951 crore on February 29, 2008 is now down to Rs 56,15,813 crore on March 3,

Leather sector faces huge lay-offs, seeks fiscal support
Continuous fall in export earnings owing to the widening gap in the rupee-dollar parity is forcing the leather industry substantial production cuts that might lead to lay-off of more than one lakh employees

HSBC absorbs $17-bn subprime hit
HSBC's profits rose 10% last year, just below analysts' forecasts, as strong gains in Asia helped Europe's biggest bank absorb a $17.2 billion hit for bad debts largely due to US housing problems.

Nano fears hit two-wheeler manufacturers
The Nano fear seems to have begun to creep into the minds of two-wheeler manufacturers. In a post-Budget meeting with the finance minister on Monday, the biggies of two-wheeler industry, Hero Honda and Bajaj Auto, requested for a further reduction in excise duty on two-wheelers from 12% as announced

The Economic Times
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RBI may allow trusts to invest abroad
This would open the gates for Indian educational institutions like IITs and IIMs besides religious bodies and charities to invest in or acquire overseas assets.

International News
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Stocks flat as Alcoa, Exxon rise; Nasdaq falls
NEW YORK (Reuters) - The Dow and the S&P 500 ended little changed on Monday as soaring commodity prices

February auto sales tumble, Detroit hit hardest
DETROIT (Reuters) - U.S. auto sales tumbled in February in the face of a slumping economy and high gas prices with double-digit declines by all three struggling Detroit-based automakers.

RK
Rental Classifieds and Real Estate Social Network

03 Mar 2008 : Indian Stock Market News Round up

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Loan waiver will not lead to collapse of banks: FM
Finance Minister P Chidambaram on Sunday sought to allay apprehensions that the Rs 60,000 crore farmers' package will lead to collapse of the cooperative and scheduled commercial banks and weaken the banking system

JMC Projects: Buy
JMC Projects has managed a successful turnaround, transitioning from a company with eroding net worth to one with a strong balance sheet in two years.

UTV Software: Hold
UTV Software, which has firmly established itself in the movie production business, is inching faster towards its ambition of becoming a global integrated media player with a presence spanning television content, broadcasting, films, gaming and animation

Divi’s Laboratories: Buy
Investments with a two-three year perspective can be considered in the stock of Divi’s Laboratories, a leading player in the pharma contract manufacturing space

Allcargo Global: Buy
Investments with a two-three year perspective can be considered in the stock of Allcargo Global Logistics, a leading integrated logistics solution provider

Infotech Enterprises: Hold
Shareholders can continue to hold the Infotech Enterprises stock with a 12-18 month horizon

Tata undecided about reducing Nano price
Following the reduction in excise duties in the union budget, automobile major Tata Motors has slashed the prices of its Indica and SUV models. However, the company Saturday said it was undecided about lowering the price of its forthcoming model Nano, already considered the world's cheapest car at Rs 100,000 ($2,500).…

RIL, Essar raise petrol prices
Within a couple of weeks, the two private sector petroleum companies Reliance Industries and Essar Oil have again resorted to a hike in petrol and diesel prices. Reliance has raised petrol price by Rs 4.5 per litre and left diesel price untouched.

Commodity trading to turn a costly affair
Introduction of commodity transaction tax (CTT) similar to that of securities transaction tax (STT) seems to have not gone well with the exchanges and broking firms alike

The Financial Express
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OEH wont let Tatas take over
Luxury hotel chain Orient-Express, in which the Tatas have become the second-largest shareholder, has said talks about its possible acquisition could affect its share price although its anti-takeover measures are firmly in place

Dalal Street to follow global cues, say analysts
The Indian Stock market is likely to follow global cues in the coming weeks, while the Budget proposals for 2008-09 are unlikely to have any prolonged impact on investor sentiments, said analysts

Securities transaction tax to help boost govts earnings
Despite the sluggishness in manufacturing and a lower growth projection, along with additional spending due to projected rise in food and oil prices, the government hopes to earn Rs 6,02,935 crore though tax and non tax revenues, a 14.8% rise in its earnings.

Kamath sees no rate cuts soon
The chief executive of ICICI Bank Ltd, India's biggest private-sector bank, said on Friday he did not expect the country's central bank to ease interest rates soon

Market corrections are part and parcel of long-term bull markets
The recent correction has been around 20%, while the May '06 correction was over 25%. This is not alarming as Indian equity markets have a history of sharp corrections ranging from 20-25%

The Economic Times
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Virgin Mobile enters India, partners Tata Teleservices
Sir Richard Branson decided to hang in front of a five-star hotel in Mumbai on Sunday, to announce the launch of his brand in India’s mobile phone market

Nano effect: Tatas can stand by Rs 1-lakh car promise
A 4% reduction in excise duty on small cars has augured well for the Nano, the Rs 1 lakh car of Tata Motors

It's pay-back time as FM caps mkt speculation
The increase in short-term capital gains tax and no reduction in corporate tax are sentimentally negative for capital markets

International News:
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Asian stocks savaged as dollar plumbs new depths (Reuters)
The dollar fell to a record low against a basket of currencies on Monday, dragging Asian stock markets down and compounding worries about a likely U.S. recession and more write-downs in the global financial sector

Singapore shares down on US economy worries
Singapore shares were down 2.8 per cent in opening trade early Monday over concerns about the US economy and financial sector

RK
Rental Classifieds and Real Estate Social Network

28 Feb 2008 :- Markets to open lower

Re is rising and dollar is falling. This is not good news for the IT sector but again Railways upgrade is seen to put it back on track. Lets wait and watch which way the investors swing.

And more bad news from US - Jan durable goods orders fell 5.3 percent so there are again fears of recession. To hell with this data, its not helping anybody. Bloody Indian Markets are just tracking the US and European markets. When the markets fall some analysts come forward and say 'oh! we are in a bear market' and the next day markets go up and suddently a new crop of analysts come up and say 'oh! this bear story is bullshit'. I see them more like cricket commentators who cannot predict upfront if the pitch is an easy or a difficult one. They always pass comments after things are done. Analysts seem to fall in the same category.

RK

Indian Stock Market and Business News - 28 Feb 2008

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IOC gets shareholders nod for BRPL merger with itself
The country's largest oil firm, Indian Oil Corporation, said on Wednesday the shareholders have approved the merger of its subsidiary Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself

Gold scales to new peak of Rs 12,460, silver to 27-yr high
Soaring crude oil prices and falling dollar pushed gold to an all-time high of close to Rs 12,500 per 10 gram and silver to a 27-year record level of Rs 23,600 per kg on the bullion market today, enhancing its appeal as a hedge against inflation

Crude oil price moves above $102/bl
Crude oil price moved above $102 per barrel as the dollar fell to an all-time low against the euro, according to a report on the website of Bloomberg

Inputs costs, demand seen lifting India steel price
Rising costs of iron ore and other inputs as well as strong demand will likely push up Indian steel prices over the next six months, despite government attempts to contain them, industry officials and analysts said.

'No proof of rigging in RPower IPO'
The government has found no evidence of rigging in the Initial Public Offer of Reliance Power by the promoters or merchant bankers, the Rajya Sabha was informed on Tuesday.

The Economic Times
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Indian demand adding to US inflation: Fed official
Partly attributing rising inflation in US to growing demand in India and China, Fed Vice-Chairman said the Fed would focus on price stability and growth

'High dividend shares are smart investment'
Shares in cos with high dividend payouts are seen as good investment in the current depressed scenario as investors look to protect their capital

The Financial Express
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Railways upgrade may put IT sector back on track
The beleaguered Indian IT industry that is facing uncertainty from its largest market - the US - has found an ally in Union railway minister Lalu Prasad Yadav. On Tuesday, Lalu's over Rs 2,000-crore technology upgradation plan that he revealed in his Rail Budget has opened up a big opportunity for the Indian IT players to reap in some moolah from one of the world's largest employers

Tatas woo Corus staff with tolerance
'Tolerance of difference and localisation' has become the motto for the Tatas as they began integration of close to 40,000 Corus steel workers at four sites in the UK with Tata Steel

Re rises on dollars drop versus euro; bonds gain
The rupee closed at the highest level in more than a week, on speculation investors sold the US currency, after its slide to a record low against the euro.

Infosys develops tool to improve agri supply chain efficiency
Indian IT major Infosys Technologies has developed an information and communication technology-enabled application to help small farmers integrate their business with large retailers and improve efficiencies in agro supply chain.

International News
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CNN : Dollar slides to record low
Oil down after surging to new record

Yahoo: Japan stocks sink on strong yen, weak output data (at Reuters)

Reuters:
Dollar stays near record low beyond $1.50 to euro
The dollar hovered near record lows versus the euro as a sharp drop in durable goods orders and home sales fueled recession concerns while Federal Reserve Chairman Ben Bernanke signaled a readiness to cut interest rates again

Bernanke says Fed prepared to help U.S. economy
Federal Reserve Chairman Ben Bernanke on Wednesday signaled a readiness to cut interest rates again to prevent further damage to the weak U.S. economy, even as he took note of rising inflation risks

Jan durable goods orders fell 5.3 percent
New orders for long-lasting U.S.-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected, and a key gauge of business spending also declined, a Commerce Department report showed on Wednesday


RK
RentalAndRealEstate.com

Indian Stock Market News - 27 Feb 2008 : Another good day ahead!

Recently, Indian Markets are having good day only if US markets had one. Today wont be any different. US had a good day so we will too.

News Round up

MoneyControl
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Mkts need time-based correction: Kotak Sec
'Lack of triggers keeping investors away'
Use every dip to buy for invest: Baliga

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Tata preparing to sign Jaguar deal early March
Tata Motors Ltd is all set to sign a landmark deal to take over two iconic British automobile brands, Land Rover and Jaguar, from US carmaker Ford Motor Co early next week.

Pfizer introduces antismoking drug in India
City-based $172-million Pfizer India Ltd, part of US pharmaceutical multinational Pfizer Inc, Tuesday launched the Varenicline prescription drug in India that helps smokers to kick their nicotine addiction

Bharti Airtel to set up undersea cable linking US with Asia
Telecom giant Bharti Airtel on Tuesday said it would set up a new undersea cable linking the United States with Asia in partnership with five global telecom firms.

The Financial Express
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Wheat breaches $12 for first time after biggest gain since 02
Chicago wheat prices rose by the most in more than five years, breaching $12 a bushel for the first time as investors poured money into agricultural commodities on signs that global crop production isn't keeping pace with demand.

Re rises a second day; bonds fall ahead of Budget
The rupee advanced a second day, on speculation overseas investors will add to their holdings of local equities as the benchmark stock index extended gains.

REL plans share buyback; board to decide on Mar 5
Anil Dhirubhai Ambani Group company Reliance Energy Ltd announced a move to buy back its own shares. A meeting of the company's board of directors will be held on March 5 to consider the buyback, among other issues.

Nod to short selling by institutional investors
Just a few days before presenting the Budget, finance minister P Chidambaram has finally given the go ahead to short selling by institutional investors by clearing issues on its taxation.

The Economic Times
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Pfizer, Novartis and Merck test negative in India
Pharma giants like Pfizer, Novartis and Merck have seen their market capitalisation erode over the last three years, as sales started to witness marginal growth.

Maruti to kick off price war with diesel Dzire
The diesel sedan market is likely to witness a price war with Maruti Suzuki India Ltd all set to launch one of the cheapest diesel sedans in the domestic market


RK
Rental And Real Estate Classifieds and Social Network
http://yourmitra.wordpress.com

Indian Stock Market News - 26 Feb 2008 : Indian Markets will trade in postive today

US, Canadian, European markets have closed higher. Asian Markets have opened higher. Indian Markets will open higher and should trade in the positive at least till European Markets open. If Europeans are positive then we should end the day in the green.

I have few shares of Infosys, the stock price has just about reached the buy price. Since the Rupee has risen I am not sure if the IT stocks will keep rising or fall a little. Will wait for today before deciding to sell or hold.

RK
RentalAndRealEstate.com - Rental and Real Estate Classifieds and Social Network
http://yourmitra.wordpress.com

Market news round up:-

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Rupee rises on exporter sales

RIL, Reliance Cap among Asia's 20 best for future investors
Seven Indian firms, including Reliance Industries and Reliance Capital from the two Ambani groups, have been named among Asia Pacific's 20 best companies in terms of expected investor returns over next five years

Cash squeeze dampens investor appetite
Rising costs due to a cash squeeze in the banking system have dampened investor appetite for fresh investments leaving existing corporate debt issues floundering, forcing borrowers to privately place bonds with pension funds

BSE to take 26% stake in commodity exchange
Bombay Stock Exchange Ltd (BSE), oldest stock exchange, has agreed to buy a 26 per cent stake in Ahmedabad-based National Multi-Commodity Exchange of India (NMCE), as it looks to diversify and get a slice of the commodities boom in India

The Financial Express
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Merged entity to get Rs 3,900 cr capital infusion from HDFC
In a major sweep, post merger of two private banks, HDFC Bank and Centurion Bank of Punjab, the sheer size of the new balance sheet of Rs 1,50,000 crore will take the entity to higher pedestal on the global front.

HSBC, StanChart in race for YES stake
At least two of the world's top five banks have evinced interest in picking up a stake in YES Bank, a fast-growing private sector bank.

Tatas to double China revenues
The Tata group's investment plans in Bangladesh may have hit a rough patch, but it is steadily gaining a foothold in China. Despite growing competition from local companies, Tata expects to double revenues from China-primarily from TCS and Tata Steel-to $600 million this year.

Dropping dollar peg would ease Gulf inflation:Greenspan
Former Federal Reserve chairman Alan Greenspan said near-record Gulf Arab inflation would fall "significantly" were the oil producers to drop their dollar pegs, in contradiction to Saudi policy

US economy may skirt recession, but growth is all set to crawl
The US economy will likely avoid a recession but growth will slow to a crawl during the first half of this year, a panel of business economists forecast.

The Economic Times
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Techies may tighten purse strings over US slowdown
If IT companies become careful with increments and promotions, employees may have to scale back planned investments.

Rising inflation in Gulf affect Indians
The disparity was most pronounced in Qatar, with a perceived average cost of living spike of 38%, 22% higher than salary increases.

International News
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Goldman sees $1-$12 bln writedown for large-cap brokers in Q1
Goldman Sachs said it expects additional writedowns of about $1 billion to $12 billion each for several U.S. large-cap brokers in the first quarter, with Citigroup estimated to record the highest amount of about $12 billion

US dollar firms slightly on home sales data
The US dollar on Monday firmed slightly on better than expected US home-sales figures, but persistent concerns about the US economy still weighed on the greenback, dealers said

Wall Street shares surge as Visa unveils IPO bid
Wall Street shares surged on Monday as Visa Inc., the world's largest electronic payment processor, said it was planning an initial public offering (IPO) aimed at raising a hefty 18.8 billion dollars

Greenspan backs sovereign funds investing in US
Former US Federal Reserve chairman Alan Greenspan said on Monday that opposition to investments by Gulf and Asian sovereign wealth funds in the United States did not serve US interests

Visa plans IPO aimed at raising over US$18b
Visa Inc., the world's biggest electronic payment processing company, announced on Monday it was planning an initial public offering (IPO) in the United States, saying it hoped to raise over 18 billion dollars

Indian Stock Market News - 25 Feb 2008 : Expect higher opening with other Asian Markets opening in positive

Weekend News round up is below. The one big news was the issue of bonus shares by Reliance Power in the ratio of 3:5 and the other news being Anil Ambani crying foul over the hammering of the Reliance Power shares on the first trading day. He seems to think there is a conspiracy behind it. I will do the same if I were him, People invested in Reliance Power because of the Ambani name tag and have lost faith and money once it got listed. So its a black mark for him and the next time there is a IPO from him there will not be such a enthusiasm

Anyhow, the Indian markets should open higher following the global cues ( as analysts say). But how the week shapes up is anybody's guess. I am planning to sell off those companies which I think are over-valued on every rise and may buy other good stocks at a lower prices. What to do I was also greedy in going for the stocks that were riding the wave. Bought them at a high price and they are now 10-20% down.

Sify
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Govt asks ICAI to prepare report on IPO valuation
In the wake of controversy relating to valuation of public issues, the government has directed the apex body of chartered accountants, ICAI, to conduct a study on the initial public offer pricing and suggest ways for protecting the interest of investors.

50% of malls may shut down by '10, hype to go
Consolidation in the retail industry would result in nearly 50 per cent of the malls shutting down by March 2010 and the hoopla surrounding the sector would considerably subside by then, a brand expert has said.

The Financial Express
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Anil adds 3:5 Power to shares
In an attempt to compensate investors for the poor listing of its shares, Reliance Power proposed an issue of free bonus shares to all investors, excluding the promoters, in the ratio of 3:5. This apart, the promoter and chairman of the company, Anil Dhirubhai Ambani, announced a voluntary contribution of 2.6%

Anil insists Sebi probe into RPower stock hammering
Anil Ambani, promoter and chairman of Reliance Power Ltd reiterated his demand for an investigation by the capital market regulator Securities and Exchange Board of India into the hammering of the RPower stock following its listing on the bourses on February 11

Economic Times
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Budget is the key event for market watchers
Market watchers are hoping for some positive measures from the finance minister as market analysts are expecting that the Budget might cut corporate income tax

Rel Power bonus issue cuts losses by 40%
The Board at its meeting approved a bonus issue wherein 3 shares would be allotted for every 5 held by the non-promoter shareholders. Special: Reliance Power IPO

India riding an optimism bubble
From capital markets to cricketers, real estate to HR, every asset category seems to be trading several times above fair value

India Inc's business confidence rises by 5.4%
If the positive sentiment persists despite the turmoil in the capital market, corporate earnings may be back on track in the coming quarters.

NSE deactivates 372 F&O terminals in Jan
Terminals of 372 members in the futures and options segment were deactivated for a day during January due to margin payemnt failure.


International Markets
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Japan stocks up over 2 pct, subprime worries ease

Singapore share prices opened higher Monday, following Wall Street's rally on Friday

As China's factory floors feel the pressure from spiralling costs, there is growing nervousness in the rest of the world that the Asian giant's next big export could be inflation


RK

RentalAndRealEstate.com - Rental and Real Estate Classifieds and Social Network

http://yourmitra.wordpress.com

22 - Feb - 2008 : Indian Markets will open lower

Markets are down! This is now a usual happening. There is no point in tracking them anymore but that does not stop me from gathering the market related news

Sify

Gold glitters at Rs 12,215, silver reaches 27-year high:
After breaching the crucial 12,000 mark yesterday, gold prices surged further to set a new record of Rs 12,215 per 10 gram in the bullion market here today.

Nine infrastructure companies booked for evading import duty:
Nine infrastructure firms having their interests in road building have been booked by the Customs authorities for allegedly evading import duty totaling Rs 20 crore on heavy engineering equipment.

Investors forum demands probe into recent market crash:
The Investors Grievances Forum has demanded a probe into the market crash of January 22 and sought explanation from valuers of IPOs which hit the market in January

India to invest $2.5 b in SBI rights shares:
The Indian cabinet on Thursday approved a government proposal to invest Rs 9996 crore ($2.5 billion) in the rights share offering by State Bank of India, the country's biggest lender, a spokeswoman said.

Rupee climbs on strong capital inflows, exporters
The rupee held onto to early gains on Thursday, driven higher by exporters selling dollars and inflows of overseas capital into the stock market, dealers said.

The Financial Express

Broking firms see 400% leap in online trading value
The number of investors opting for online trading has gone up manifold, according to the recently published 'India's Leading Equity Broking Houses, 2008' by Dun & Bradstreet

IT majors on a hiring spree at lower salary
Reduced variable pay and increase in the number of fresh recruits to the total workforce are among the major factors that have led IT majors to hire more at lower pay scales.

Sugar price may rule lower on higher supplies, dull demand
Sugar spot and futures prices in the domestic market may rule lower in the next few days as supplies by sugar mills have increased considerably amid sluggish demand.

The Economic Times

Govt should allow 100% FDI in single brand retail
The govt should think about allowing 100% FDI in single brand retail trading and introducing multi brand retail trading in a phased manner.

'25% public holding may drive out IPOs'
Mkt may witness huge flow of public issues if proposal for listed cos to maintain 25% minimum public holding is implemented, Assocham has said.

Markets may fall further: Goldman Sachs
Goldman's analysts said that retail investors have been a key driver of the market's strong rise between August 2007 and January this year

World News:

Dollar drops on weak US economic data
The dollar dropped against other major currencies Thursday after another set of weak US economic data added to concerns that the world's largest economy risks falling into recession

Oil prices ease off record highs on strong US supply build
World oil prices slid back from two days of record peaks Thursday after a stronger-than-expected rise in US crude-oil reserves damped supply jitters.

US stocks tumble as economic fears mount
US stock markets tumbled Thursday as lackluster economic news renewed fears that the world's largest economy is sliding into recession

US economic gauge weakens
A key forward-looking US economic gauge posted a decline in January for a fourth straight month suggesting "weak growth" ahead for the world's largest economy, the Conference Board said Thursday.

Wall Street sinks on energy's slide and recession worry
Stocks fell more than 1 percent on Thursday as bulging oil inventories deflated energy shares and the weakest reading on mid-Atlantic manufacturing since 2001 added evidence the economy was in recession.

Starbucks cuts 600 jobs amid stagnant U.S. growth
Starbucks Corp said on Thursday it would eliminate 600 jobs as it works to turn around stagnating U.S. coffee shops in the face of a weak economy.

Lehman Brothers to cut 200 jobs: report
Lehman Brothers Holdings Inc is cutting 200 jobs, equivalent to 10 percent of its investment banking staff, CNBC television reported on Thursday.

RK
RentalAndRealEstate.com - Singapore Rentals and Real Estate Social Network

19 - Feb -2008 : Indian Stock Market News Round up

Here is the regular round up of the important news from various financial websites and papers

Sify

Rupee falls on oil payment, global concerns
Indian IT industry unlikely to witness downturn: Gartner
‘Probe into Jan 22 market crash if concrete evidence found’

IBN Live

Anil's offer of bonus shares brought share 7 pc up
Market speculation beyond permissible levels

Economic Times

Emerging Markets Management is bullish on IT cos
After cheapest car, Tata to make air-car
Aggressive pricing spoilt IPO market: Survey



RK

RentalAndRealEstate.com - Rental and Real Estate Classifieds

15 - Feb -2008: How the day ended and what were the analysts opinions today?

Indian Stock Markets showed some resilience and closed higher. It must have come as a surprise to many since most of the Asian markets were down and US and European markets had closed negative yesterday. Sensex closed at 18,115, up 348 points and Nifty at 5302, up 100 points.

Here is the collection of Analysts views from today

Global factors seem to be impacting sentiments on the market and liquidity is being determined by Asian markets, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is seeing negative FII flows and unless the FIIs return on a consistent basis, one cannot say that the worst is over, he adds

The market may see a slight fall on Monday or Tuesday so investors need not feel they have missed the bus, says Anil Maghnani, technical analyst, on CNBC Awaaz. Nifty has resistance at 5267 and it could see a correction from there, he adds

he confidence is slowly returning to the market and as long as Nifty trades above 5050 it is a good sign, says PK Agarwal of Bonanza Group of Cos, on CNBC TV18

It is still too early to say if all the bad news has been flushed out of the market, says Anshu Jain, head of global markets, Deutsche Bank, on NDTV Profit. The market still looks in poor shape and there is some downside left on credit and equities, he adds

It is still premature to celebrate and think the worst is over for the market, says Narayan Ramachandran of Morgan Stanley, on CNBC TV18. Though India's long-term story looks strong, the current rally seems more on account of short covering, he says. This rally cannot be termed the beginning of a new bull run yet, he adds

Fuel price revesion will take inflation well above 4%, says Shubdha Rao, Chief Economist, Yes Bank, on NDTV Profit. One can expect inflation to hover around 4.5-4.6% in March, she adds. There could be a rate cut in April or June-July period, she says. There needs to be a balancing act between growth and inflation, she says

Inflation risks in India are on the upside and it can up to 4.5%, says Chetan Ahya, Executive Director, Morgan Stanley, on CNBC-TV18. Demand side risk to inflation is low, but one is seeing supply side pressure, he adds. Risks to inflation in India is more from the global side, he adds.

nterest rates need to go down to revive the consumption story, says Chetan Ahya, Executive Director, Morgan Stanley, on CNBC-TV18. In fact, 125 bps cut in interest rates is needed from the RBI, he says. One can expect revival in consumption growth by year end, he says. He sees FY08 GDP growth at 8.5% and FY09, at 7.5%


The US economy is in recession, but it is still left to see how serious, says Hans Goetti, CIO, LGT Bank, on CNBC-TV18. But he believes the current US recession may be deeper than the last one. Global markets may bottom out by the third or fourth quarter of 2008, he says. But since India is comparitively less co-related to the US, economically, it is better positioned than other emerging markets for the long term, he adds

Prime Minister Manmohan Singh says the government is confident of keeping inflation at acceptable levels, reports NDTV Profit. Inflation is 'iniquitous' tax that is hurting the poor, and therefore it must be controlled, says the PM. India cannot be completely insulated from global factors, though major part of Indian growth is driven by domestic factors, he adds. The government is confident of maintaining 9% growth for FY08, he says

Retail investor is showing some buying interest at lower levels, says Sudip Bandyopadhyay of Reliance Money, on NDTV Profit. He suggests staying invested for a time horizon of 3-5 years. FII interest in the infrastructure space in India remains strong, he adds

Anand Tandon, Director - Equities at Brics Securities said that the bottom may be a few hundred points here and there on the Nifty, but the worst is out of the markets. The euphoria is most definitely over, serious money has been lost and now we can look at fundamentals of the markets, reports CNBC-TV18.

Sanjay Sinha, CIO, SBI Mutual Fund said that the markets will have to wait for a few days for global bad news to subside and that rate softening would be positive for the economy. Speaking to CNBC-TV18, Sinha said he is positive on the midcap space. He added that they’ve picked stocks in banking, financial, engineering and the construction space during the recent fall.

Chetan Ahya of Morgan Stanley sees India’s FY08 GDP growth at 8.5% and that of FY09 at 7.5%. The interest rates need to go down to revive consumption story, he told CNBC-TV18. The lending rates are likely to fall by another 50 bps, he said. Ahya expects a revival in the consumption growth by year-end. There is a need for an interest rate cut of 125 bps from the RBI, Ahya said. The risks to inflation in India are more from then global side, he added.

RK
RentalAndRealEstate.com