City Union Bank dividend

City Union Bank (CUB) is one of the most efficient banks in India. They are having 202 branches, it is present in many parts of the country but its operations are primarily concentrated in southern India. Some study says, “City Union Bank (CUB) ranked among the top ten banks in three of the four most important parameters”. Of the 39 listed Indian banks, CUB stood 7th on efficiency, 10th on growth and 10th in terms of return to shareholders. It is well known that City Union Bank (CUB) is one of the strongest banks in the country. Our study showed that it is equally good in terms of rewarding its shareholders. The bank has constantly reported net interest margin (NIM) in excess of 3% in the last nine years. This is really an achievement for City Union Bank. This stock is always going in up direction, but very slowly and smoothly. This is one of the good long term scripts. Now also they are planning to give some high dividend.

Japanese stocks status

Japanese stocks fell in to the low level in the past two weeks, Because of the makers of electronics and cars, Because of the good sales in the above mentioned fields ,all the relevant stocks became very expensive compared to earnings & profits may be harm by rising unemployment and falling prices.Canon, which is the world’s largest camera maker and surged 8 % in the past two days, lost 1.7 %. Toyota Motors., the world’s biggest car maker retreated 1 % in 2 days, 4.6 % advance. Tokyo Electron Ltd., the world’s No. 2 maker of chip equipment, went down by 1.7 % after went to the high level in September 2008 yesterday. Now only this stock went down. Usually this kind of corrections used to happen in the market. “The market is just taking a breather from the rally,” said Yoshinori Nagano, a senior strategist in Tokyo at Daiwa Asset Management Co., which oversees the equivalent of $94 billion. “People are feeling cautious, and they’re taking profits.”

Trade shows experts-displaysdirect

I am very much interested in going to trade shows especially if the exhibit is about the subject that happiness me a lot. I am generally attracted to exclusive and appealing exhibitions and the pull up banner stand which will be one of the major attractions, I guess we all will feel the same kind of feeling. It is one of the main reason for exhibitors to consider particularly they will be displaying with lots of other exhibitors too. To attract the visitors you have to apply your presentation skills to make some difference in exhibitions.

For high-level and exclusive trade shows, you can get it done from Displays Direct Australia. They have various styles on banner stands, brochure stands sydney, banner bugs, portable counters and other trade shows related products. Apart from the things available, you can give your own requirements also. Make your own plan and design get it done from them. They will be happy to help and carry out your ideas and make your own trade show exhibits.


KEI industries limited is an well established player in the power cable and all types of wires manufacturing segment and among the largest cable manufacturing companies in India. KEI industries limited manufactures high tension cables, low tension cables, control and instrumentation cables, house wires and stainless steel wires. KEI is one of the specialists in manufacturing cables including braided cables, fire survival and Zero halogen cables.
Scrip Name : KEI Industries Ltd
BSE Code : 517569
NSE Code : KEI
BUY Price : Rs. 31
Target Price : Rs. 36.00

Sharp corrections in Hongkong Asset prices

Hong Kong’s central bank said the city may face “quick corrections” in asset prices should fund flows reverse, adding to concerns voiced by Japan, China and South Korea on the danger of speculative capital.
A rally in the stock market was fueled by an influx of capital as investors’ risk desire gained and they bet on an improving outlook for China’s financial system, the Hong Kong Monetary Authority said in a quarterly report yesterday. Outflows may bring “volatilities in the real economy,” the HKMA said.
Housing prices in Hong Kong have gained in the last 10 months, while the benchmark Hang Seng Index has increased 50% this year. Financial officials in Japan and China, Asia’s two largest economies, warned last month that the Federal Reserve’s interest rate policy risks spurring speculative capital that may blow up asset prices and derail an economic recovery.

Stock picks for medium term

Hi all stock traders
please have a close eye on Educomp, RIIL ,CESC & Godrej Industries.Heavy Buying & Accumulation is going on in Educomp,RIIL,CESC & Godrej Ind. FIIs and Big investors from India also accumulating these stocks.Don’t miss this chance to grap the stocks.So Keep a Eye on these all...make some profit out of this chance We May see some good & Positive message in NHPC Also...

3i Infotech-overview

3i Infotech (3i) started in 1999 as a back-office service provider for the ICICI Bank Group. Now, 3i is a software products, technology and transaction services provider, for most of the domains and mainly to the BFSI segment. It has a client-base of 1,500 clients spread across the world, particularly in America, which contributes 50% to its total profits.
In the last 5 years, 3i Infotech has increased its revenue from Rs 292 cr to Rs 2,305 cr, while its profits jumped from Rs 32 crore to Rs 266 crore. It has been able to grow up in both organic and inorganic way. The result is that it now ha s a high debt-equity ratio of 2.1. To service this, it issued Qualified Institutional Placement (QIP) of Rs 317.8 crore in Sep 2009.

Exhibit booths from camelbackdisplays

Do you feel that your effort to promote your business does not show satisfactory results? You have done all methods of advertising. But it still does not work out the maximum profit. What the campaign or promotion that you do less to compete with rival companies who all are very busy in the visit by the client? Do you know about truss. Don’t worry To maximize your profit I am going to give you some tips on trade show displays which will be really helpful for you all.

We are trying to many things to promote an product so that company can able to make profit on those products, product or service they are famous or known by many people and one of the best is to do with the campaign. Do with the campaign? Companies can promote their product or service to many people in effective manner, Among the many advertising techniques exhibit booths are one of the best way to improve our sales and business.

Yes.I understood what will be your next question whom should I contact for getting this things done.Am I right. Camel back displays is one of the leader in designing and providing portable trade show exhibits to customers in and around the world. They are one of the best in trade show displays,exhibit booths and logo floor mats. As we discussed earlier Camelback Displays is one of the best in the market and they have also committed to high quality, portable products that meet the needs or requirements of each company in the Trade shows or Exhibits.

ITC Employee stock options

Script No:500875

Company Name:ITC Ltd

ITC Ltd has informed Bombay Stock Exchange(BSE) that the Company on Nov 18, 2009 has issued and allotted 42,47,980 Ordinary Shares of Re. 1/- each, upon exercise of 4,24,798 Options by Optioned under the Company's Employee Stock Option Schemes.

Consequently, with effect from November 18, 2009, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 378,79,21,580/- divided into 378,79,21,580 Ordinary Shares of Re. 1/- each.

Stock went up in Dow Jones

Stocks climbed, pushing the Dow Jones Industrial Average to a new 2009 closing high, as energy company chevron, telecom giants AT&T and led a broad rally.

The Dow Jones rose 132.79 pts (1.29%), to 10450.95, snapping a 3-day losing streak and reaching its highest close since Oct. 2, 2008. Of its 30 components, 28 closed higher. The telecom companies had the biggest percentage gains, with Verizon rising 90 cents, or 3%, to $31.33, and AT&T went up 76 cents, or 2.9%, to 26.78. Chevron climbed 1.97, or 2.6%, to 78.74.

New Stocks tips

Stock Name:Yes Bank
Stop Loss 249
Target 278
short term

Stock Name:Punjab National Bank
Stop Loss 886
Target 957
Short term

Indian auto industry sales and growth

The Indian Auto Industry is in critical and highly competitive because of a number of new global and Indian auto companies. India is the world’s 2nd largest manufacturer of 2 wheelers and 9th largest car manufacturer. Automobile production is consistently showing an upward trend in the last few years till 2009. Automobile production including Buses, Cars, Autos and Bikes stood at 11.2 million units in 2008-09, this is almost double the figure as on 2002- 03.

Sales during Oct 2009 compared to 0ct 2008






Reasons for the rise of sales

1) Road infrastructure

2) Higher per capita income

3) Lowest interest rates

4) Lot of new models

In the upcoming years it will give on increase that is what all the expertise are telling and it is expected to grow to $33-40 b by 2015. India supplies a range of high-value and critical automobile components to worldwide auto makers such as General Motors(GM), Toyota, Ford and Volkswagen. Some of the leading manufacturers of auto components in India include Apollo Tyres, Bosch Ltd, Exide, CEAT, Bharat Forge.

Amara Raja Batteries -overview

Amara Raja is manufacturing batteries for industrial and automotive purposes. It introduced Valve Regulated Lead Acid (VRLA) batteries for industrial purposes. These batteries supply to the telecom sector and UPS back-up systems during power shortage while other end-user departments include the Indian Railways and power utilities.

They are manufacturing large, medium and small VRLA batteries to Original Equipment Manufacturers (OEMs). Conducts automotive batteries business through JV with Johnson Controls Inc. During Q2 2009, net sales increased by 6% y-o-y to INR3, 606 m. PAT stood at INR479 m, recording a growth of 155% over Q2 2009.

Amara Raja batteries is having strong segmental growth. The industrial batteries business maintained its momentum and recorded a 50% CAGR in the past 4 years. They are continuing the preferred supplier status among all the leading telecom operators and UPS manufacturers, telecom and UPS segments remained the main drivers of the industrial battery business. In automotive battery business, it tied up with Maruti India .this is one of the best stock for long-term perspective. So try to accumulate at the lower rates and make profit as your convenience

Experience with shopwiki GPS devices

Hi Friends how are you all? In this world technology is give on getting updated. I am going discuss about one among that. Though it is some what old technology .but now only it has been used by worldwide customers. GPS is the one which i am going to talk about. The Global Positioning System (GPS) is a U.S. space-based global navigation satellite It provides reliable positioning, navigation, and timing services to the people those who are in and around the world on a continuous basis in all weather, anywhere, anytime on or near the Earth.

GPS has become a widely used aid to navigation worldwide, apart from that it will be useful tool for map making, land surveying, scientific uses, tracking of traveling car and surveillance, and hobbies such as way marking. Also, the accurate time reference is used in many applications including the scientific study of earthquakes and as a time synchronization source for cellular network protocols.

Nowadays almost everybody came to know about the usage of GPS and started using for them or for their business. Especially GPS has become a mainstay of transportation systems worldwide. Most of the travels companies already installed in cars and buses, but some of them not aware of this whom we can ask? From where we can buy and all. I have a solution with me. Shopwiki is one of top GPS devices seller and they are having different types of navigational devices such as handheld, Car, Cell phone GPS, laptop, watch etc… each one having its unique features. Car GPS system is having voice-activation or text-to-voice directions features. one of my friend who is having travels company he bought GPS devices from shopwiki and installed in all his travel cars. this will be helpful for the drivers, passengers as well as for him also. After installing GPS device he was able to track the car locations and now he is successful in his business. go and grab your GPS device from shopwiki as per your requirements.

Investment in gold coins

Nowadays investing our money in stock market and mutual funds are horrible. Because of the recession and economy slow down the situation is like that. So now everyone in the world is thinking what to do? How to manage their money and where to invest to get good amount of profit? This is what the question in every one’s mind which is unanswered. I have an answer with me. gold coins i.e. investing in gold.

What is meant by gold coin? A gold coin is a coin made mostly or completely of gold. Gold has been used for coins virtually since the invention of coinage, really because of gold's intrinsic value. In modern times, most gold coins are proposed either to be sold to collectors, or to be used as gold bullion coins. Coins whose supposed value is inappropriate and which serve generally as a method of investing in gold.

Now I think you might be having some basic idea about the gold coin. Your next question may be whom should I contact for knowing better? Am I right? I have answer for this question also. Auram Advisors they have been into this field for past much number of years. They have different plans for investing in gold. Gold is one of the world’s most liquid investments trading throughout the world every day. This people are having different kind of gold bullion coins such as American Buffalo, Australian Gold Nugget etc…The market will not be closed, so you can buy & sell Gold in any country at any time. Gold can form the cornerstone of a conventional strategy because it always going up in the market.

Indian car exports surge 36% in of 2009-10

Car exports from India in the first half of this financial year jumped by 35.7 % as major manufacturers like Hyundai & Maruti Suzuki cashed in on scrap page incentives provided in Europe, In spite of other sectors of the auto industry witnessing turn down.

According to Society of Indian Automobile Manufactures Association (SIAM), car exports during Apr-Sep stood at 2,10,088 units as against 1,54,783 units in the year-ago period. The increase in exports were mainly driven by the country's largest car maker Maruti Suzuki India as its overseas shipments rose over two-fold during April-September to 65,752 units from 29,699 units in the year-ago period, SIAM said.

Nissan Motors global compact car model

Nissan Motors, Japanese auto manufacturer, has discovered the sketches of its global compact car model on sep1st 2009. Nissan’s global compact car will be manufactured in five different countries including its Indian unit in Chennai. They planned to launch three special versions of the car. There will be a sedan version as well as a MultiPurpose Vehicle(MPV).name of the models and other details of the car are yet to be released.

Mr. Kiminobu Tokuyama, MD and chief executive of Nissan Motor India, said that the company is serious about its plans for India, and the production of the car would get started by May 2010 in Chennai facility.According to the sources, the car would be built on a global platform. The Chennai plant is expected to produce 110,000 cars by 2011, and the number may go up to 180,000 units. This nissan’s Global Compact Car will be exported to more than 150 countries in the world.

Mahindra & Mahindra Ltd record sales in september 2009

US $6.3-billion Mahindra Group’s Mahindra & Mahindra Ltd (M&M) announced its domestic auto sales of 27,431 units for the month of Sep 2009, as against 24,481 units in Sep 2008, an raise of 12.1 % in sales and total Number of SUV (Scorpio, Bolero, XYLO) sales in Sep 2009 is 21,961 units as against sales of 16,059 units in Sep 2008, which is a increase of 36.8%. Mahindra’s Year-To-Date (YTD) domestic sales stand at 1, 32,522 units in Sep 2009, as against 1, 16,971 units for the same period last year, which is an raise of 13.3%.M&M sold a total of 28,434 vehicles including exports in Sep 2009 as against 25,630 vehicles sold in Sep 2008.In Tractor sales, M&M Ltd maintained its leadership position in Sep 2009. Total number of tractor sales in Sep 2009 stands at 16,986, as compared to 10,868 units for the same period last year, a raise of 56%.

India's inflation @0.83%

India's wholesale price index(WPI) rose 0.83 % in the 12 months to Sept. 19, above previous week's annual rise of 0.37 %, government data showed on Thursday(OCT1).

It compared with a forecast of a 0.7 % rise in a common poll.

- The food articles index in the WPI rose an annual 16.27 % on Sept. 19.

- The wholesale price index (WPI) was at 243.3 points on Sept. 19, compared with 242.6 a week earlier.

- The yearly inflation rate was 12.14 % during the corresponding week of 2008.

- The yearly change in WPI for the week ended July 25 was revised to a fall of 0.71 % from a decline of 1.58 %.

Wipro GE Healthcare a single entity

This is a million-dollar chance lost for investment bankers who could have earned up to $48 m in fees, if the proposed deal between Indian telecom major Bharti Airtel and South Africa's MTN had materialized. Investment banks usually charge 0.5-2 % of the entire contract amount as advisory fees for the M&A transaction. While the exact amount those investment bankers could have earned from Bharti-MTN deal could not be ascertained, it could have been up to $ 48 m, based on the upper limit of potential fee income from the proposed $ 24 b deal. Bank of America, Merrill Lynch and Deutsche Bank were advising MTN, while Standard Chartered and Barclays advised Bharti Airtel.

Wipro GE Healthcare, a joint venture between Wipro and GE's healthcare business, today they announced that all the standalone units and plants of GE Healthcare in India would be integrated into a single entity and it will be called as Wipro GE Healthcare. This amalgamation will simplify the structure through consolidation of GE Healthcare's life sciences and medical diagnostics business units and X-Ray manufacturing plants.

Both Wipro and GE said that the planned move would help in effective management, resource mobilization and accelerating the development for GE Healthcare, the $17 b healthcare business of General Electric (GE), through Wipro GE Healthcare's large sharing network. As of now Wipro GE Healthcare contributes about 85 % of GE Healthcare's products and solutions in India.

Bankers involved in Bharti-MTN deal lost $48m

This is a million-dollar chance lost for investment bankers who could have earned up to $48 m in fees, if the proposed deal between Indian telecom major Bharti Airtel and South Africa's MTN had materialized. Investment banks usually charge 0.5-2 % of the entire contract amount as advisory fees for the M&A transaction. While the exact amount those investment bankers could have earned from Bharti-MTN deal could not be ascertained, it could have been up to $ 48 m, based on the upper limit of potential fee income from the proposed $ 24 b deal. Bank of America, Merrill Lynch and Deutsche Bank were advising MTN, while Standard Chartered and Barclays advised Bharti Airtel.

Search Engine Optimization leader WebiMax

Do you know what is mean by Search Engine Optimization? Search Engine Optimization (SEO) is the process of improving the volume or quantity of traffic to a blog or site from search engines via "normal" search results as opposed to Search Engine Marketing (SEM) which deals with paid inclusion. Usually, the earlier a site appear in the search results list, the more visitors it will receive from the search engine. SEO may aim for different kinds of search, including web search, image search, and local search.

In Internet Market, Search Engine Optimization (SEO) considers how search engines work and what everyone search for. Optimizing a website or blog mainly involves editing its content and HTML and related coding to both increase its relevance to exact keywords and to remove barriers to the indexing activities of search engines. Whom should I contact for getting support and tips on SEO? That is what your question right. I have an answer with me. WebiMax is one of the best answer or solution for your business.

Webimax is recognized as one of the most popular full service online marketing agencies nationwide. They offer best solutions and tips to their clients and with unparalleled team of well experienced web based marketers that partner with your company to help grow your business through your overall online presence. They are specialized in SEO, Pay Per Click Management, Social Media Optimization, Web Design, Database Development and providing free online marketing analysis to potential customers. Clients come to WebiMax seeking to utilize our expertise to help them increase sales, boost their lead generation efforts and most importantly to deliver them with the results they are searching for. Their new approach helps us to earn more in our business.

world bank lending $4.3b to india

The World Bank has approved $4.3 b in loans for India to help finance infrastructure projects and support its economic incentive programme.'This is the critical time to sustain Indian economic recovery,' and this money will be directed especially towards four projects said World Bank country director for India Roberto Zagha. Of the total amount, World Bank said it would provide $2 b to India's banking sector designed to develop the quantity of credit available to firms.

World bank also approved $1.2 billion for the India Infrastructure Finance for financing public-private partnerships in infrastructure and to encourage the development of a long-term local currency debt financing market and $1 billion to address India's acute power shortages by assisting the PowerGrid, the national electricity distribution company, with its investment programme after a freeze up in overseas lending.The bank also provided $150 million to Andhra state to improve water supply and sanitation services for 2,600 villages across six districts.

DLF sold 1250 flats within 2 hours

DLF, the country's largest Builder, today launched the 2nd phase of its housing project in the heart of national capital and sold all 1,250 apartments within 2 hours. The company sold all the flats, offered at prices of up to Rs 1.86 cr, though it has raised the selling price of its units by up to 26 % compared to the 1st phase.

"Even with increased price, we have received wonderful response for our product. We initially planned to commence 650 units in the 2nd phase, but due to huge demand we decided to propose more," DLF Managing Director T C Goyal told Press. The company has launched the 2nd phase of the project — Capital Greens — at Rs 6,750 (2-BHK), Rs 7,500 (3-BHK) and Rs 8,000 (4-BHK) per sq ft. However, the valuable rate would come down to Rs 5,677, Rs 6,363 and Rs 6,820 per sq ft respectively as DLF would offer a discount of Rs 500 a sq ft for timely payment and 8.5 % rebate on down payments.

The total area of the apartments would be of 1,210 sq ft-2,720 sq ft and would carry effective price tags between Rs 68.69 lakh and Rs 1.86 cr respectively.

Tata TeleServices Limited(TTSL) became No 1 Telecom operator

Tata TeleServices Limited(TTSL), India’s fastest-growing pan-India dual-technology (CDMA&GSM) telecom service provider, emerged as the Number One telecom operator in the country in terms of new subscriber additions in a month, by adding more than 34 lakh new subscribers in Aug 2009. The achievement is all the more noteworthy in that the nearest competitor in terms of new subscriber additions managed to add just over 28 lakh subscribers in the same period, a gap of 6 lakh subscribers.

Nifty toched 5000 after 16 months

The National Stock Exchange(NSE) Nifty closed above the 5,000 mark for the 1st time in 16 months on Thursday after 2nd-quarter advance corporation and personal income tax collections registered positive growth.

Advance corporation tax and personal income tax collections grew 14.7 % and 1.7 %, respectively, in the quarter ended Sep 15, as against the fall of 3.7 % and 44 %, respectively, in the 1st quarter. The Securities and Exchange Board of India’s (SEBI) plan to simplify norms for foreign portfolio investments improved the sentiment. The Bombay Stock Exchange (BSE) Sensitive Index, or Sensex, touched an intra-day high of 16,943.49, up 202.19 points. It closed at 16,886.43, up 145.13 points.

The Nifty closed above the psychological mark of 5,000 for the first time since May 22, 2008. The index rose 44.15 points on Thursday and closed at 5,020.20.

Financial sector stocks gained after Finance Minister Pranab Mukherjee hinted that the Reserve Bank of India (RBI) would keep policy rates low. Mukherjee had said in Bangalore on Saturday that India’s equity index was moving “steadily” and the authorities would avoid disturbing the pattern. The country’s biggest housing loan provider, HDFC, surged 5.30 per cent, SBI (1.41 %), HDFC Bank (1.50 %) and ICICI Bank (0.96 %).

Solvent Recovery systems from NexGen Enviro Systems

Solvent Recycling or Solvent Recovery uses a distillation unit. Distillation is the separation of solvents by difference of boiling points to produce reusable, purified solvent. Distillation systems generally include multiple stage, vapor liquid contacting equipment. If dissolved solids are also present, then the process may also include an evaporation step that vaporizes the volatile compounds, so the solids can be removed.

If you are running the chemical, pharmaceutical, manufacturing, fabrication or another process industry, chances are your manufacturing method requires solvents. No matter how carefully you work to reduce solvent use to the absolute minimum, you simply can not eliminate all the chemical byproducts of manufacturing. Without proper Solvent Recovery System we can’t able to reduce the solvents completely. If you are approaching some solvent waste disposal company it may leads to big expenditure. So you have to choose a better option to resolve this issue.

What is the option? Solvent Recovery systems from NexGen Enviro Systems. Our Solvent Recovery systems employ modern distillation technology to separate and recover valuable chemical products from waste mixtures. Using these systems, you can recover and reuse solvents from a wide range of processes. Even from composite mixtures with high variability from batch to batch. These Solvent Recovery systems are designed to help you recover more from your manufacturing process and waste less. So it is also called as Waste Recovery System.

crude oil futures slipped because of job cuts

U.S. crude oil futures slipped on Wed (Sep2) as a report on private employer job cuts pressured oil futures and
equities while elating the dollar. Crude oil futures were knocked lower on Tuesday by concerns about bank failures
and economic recovery, and the market was awaiting government inventory data due Wednesday morning after
industry figures showed crude supplies fell sharply last week. U.S. private employers cut 298,000 jobs in August,
fewer than a revised 360,000 jobs cut in July but more than the 250,000 job cuts predicted by analysts, a report
by ADP Employer Services said on Wednesday.
 The ADP report caused the dollar to strengthen against the Euro/USD and pressured U.S. equities at the open.
The American Petroleum Institute (reported Tuesday that crude oil stocks fell 3.2 million barrels in the week to
Aug. 28.Gasoline stocks fell 2.8 million barrels and distillate stocks rose 920,000 barrels.

Today's(Sep 2) market movement

Today’s market trend was choppy as global markets exhibited weakness and U.S. index futures trended lower in the middle of fresh concern about the health of the U.S. financial sector. Though economic reports from some part of the world were fairly positive, investors remained highly unwilling to build up positions today. There were a few rallies because of the selective stocks and made the situation to sell during every rise.

The Sensex, which opened nearly 70 points down and dropped down to 15,392.68 in early trade, rose to 15,628.10 a few min before noon, but failed to sustain at higher levels and fell into the red again. The barometer eventually ended the day at 15,467.46 with a sharp loss of 83.73 points or 0.54%.The Nifty index of the National Stock Exchange (NSE) closed lower by 17 points or 0.37% at 4608.35. In intra-day trading, the Nifty touched a low of 4576.60 and high of 4650.45.Information Technology (IT) stocks had a fairly good session thanks to a weak rupee. Select Pharma, FMCG and oil stocks moved up sharply. Realty, auto and capital goods stocks failed to hold gains and ended with notable losses. Power, bank and metal stocks were mostly subdued today.

New cars from Hyundai@2.63lakh

India's 2nd largest car maker Hyundai Motors India on Wednesday launched a new range of its flagship Santro car, priced between Rs 2.63 lakh and Rs 3.48 lakh."Santro has been a amazing success in India right from the start. The new Santro models has been designed with luxurious interiors and enhanced exterior features to further improve its appeal to the customers", Hyundai Motors India (HMIL) Managing Director, H S Lheem said in a statement. Hyundai has so far sold about 15 lakh units of Santro in the country. The new model under Santro Non-Ac is priced at Rs 2.63 lakh, while Santro GL and GLS are priced at Rs 3.28 lakh and Rs 3.48 lakh respectively. The LPG variant of Santro GL is priced at Rs 3.49 lakh, whereas the LPG variant of Santro GLS is priced at Rs 3.69 lakh.Usually in india most of the peoples used to opt for LPG variant cars only.this is a good move from Hyundai to increase there market gap in small car industry in india.

Gujarat Apollo - Dividend

Scrip Code:522217
Company:Gujarat Apollo Industries Ltd
Gujarat Apollo Industries Ltd has informed Bombay Stock Exchange(BSE) that a meeting of the Board of Directors(BOD) of the Company will be held on Monday, August 24, 09, to consider the Audited Financial Result for the year ended March 31, 09 and to consider the declaration of Dividend and any other business if any.

SENSEX - The Thermometer of Indian Capital Markets

SENSEX, first compiled in 1986, was calculated on a "Market Capitalization-Weighted" methodology of 30 component stocks on behalf of large, well-established and money-wise sound companies across key sectors. The base year of SENSEX was taken as 1978-1979. SENSEX today is widely reported in both domestic and international markets through print as well as electronic media. It is scientifically designed and is based on internationally accepted construction and evaluation methodology. Since September 1, 2003, SENSEX is being calculated on a free-float market capitalization methodology. The "free-float market capitalization-weighted" methodology is a widely followed index assembly methodology on which greater part of global equity indices are based; all major index providers like MSCI, FTSE, STOXX, S&P and Dow Jones use the free-float methodology.The expansion of the equity market in India has been extraordinary in the present decade. Right from early 90s, the stock market witnessed heightened activity in terms of various bull and bear runs. In the late 90s, the Indian market witnessed a enormous fury in the 'TMT' sectors. More recently, real estate fixed the fancy of the investors. SENSEX has captured all these happenings in the most judicious manner. One can recognize the booms and busts of the Indian equity market through SENSEX. As the oldest index in the country, it provides the time series data over a fairly long period of time (from 1979 onwards). now, the SENSEX has become one of the most prominent brands in the country.

Glenmark's drug fails in their clinical trials

Switzerland based Glenmark Pharmaceuticals is a subsidiary of Glenmark Pharmaceuticals India (GPL) said that its molecule under development Oglemilast has failed to give up positive results in clinical trials for Chronic Obstructive Pulmonary Disease (COPD), a sharp form of smoking induced lung disease.Glenmark had licensed the potential drug to US-based Forest Laboratories, who was conducting clinical trials to develop the drug for COPD and asthma.
“Oglemilast is an orally administered PDE 4 inhibitor, which we consider to be an important and novel therapeutic target for COPD. We are, of course, disappointed that Oglemilast has not been successful in this study,” said Howard Solomon, Chairman and Chief Executive Officer of Forest Laboratories.this molecule is also undergoing trials to check if it can be useful in treating asthma. "The results are expected during the 1st quarter of 2010. We are considering together with Glenmark what further action would be helpful or suitable," said Solomon.

Gold- 2nd quarter on positive trend

India’s gold demand drooping 38 % in the 2nd quarter of the current calendar year on consumers abstaining from fresh orders due to prices repeatedly hitting record high.
As per the most recent report by the World Gold Council (WGC), gold demand in the 2nd quarter was recorded at 109 tonnes in the quarter ended June this year as compared to 175.1 tonnes in the corresponding quarter last year. Jewellery and net retail investment demand plunged by 31 % and 56 % to 88 tonnes and 21 tonnes, respectively.
Gold’s demand in the recession - hit economies including the US and EU recovered in the 2nd quarter which was well supported by the about 40 % spurt in overall Chinese consumption, thereby, showing a recovery in worldwide retail investment demand of 12 % at 165.7 tonnes.While global jewellery demand slipped by 22 per cent at 404.1 tonnes thus, taking an overall utilization at 569.7 tonnes in the 2nd quarter of the current year, 14 % lower than the same period previous year.but gold demand in India improved from the exceptionally weak level witnessed in the previous quarter, but remained well below of the level in the corresponding quarter of the previous year.

India’s biggest bid- land deal

BPTP outbid DLF for a area of land in Noida near Delhi with a Rs 5,000-cr offer. BPTP quoted the highest sum for the site -- Sector 94 running along the Noida and Greater Noida Expressway -- bidding at Rs 1,30,207 per square metre, followed by the country’s largest real estate company DLF which quoted Rs 1,17,000 per square metre and Omaxe at Rs 80,100 per square metre. BPTP’s winning bid was nearly 70% more than the reserve price of Rs 2960 cr for the land parcel. But the deal was called off after BPTP failed to arrange funds to finish the deal.

No issues in telecom services because of BSNL Strike

The 2 day BSNL strike had no impact on telecom services on the first day on Wednesday. According to an official press release, sufficient arrangements have been made to make sure stress-free telephone services to the customers. A control room has been set up in Delhi to monitor the situation and similar control rooms are operated at state and district headquarters. Responding to the demands of the striking employees, official sources said, the demand of amalgamation of Group-A officers is likely to be finalized soon. An official spokesman claimed only 2,400 executives out of 55,000 were on unauthorized absence since Tuesday night. The spokesman said the processes of wage revision of non-executive employees are already in progress and claimed that only 50% of the employees of this group are with the association that has gone on strike.

New stock picks for Aug 09

Name of the scrip: GSPL futures
Target :Rs 90
Stop loss :Rs 72

Name of the scrip:Adlabs
Target :Rs 328
Stop loss :Rs 308

About Jindal Cotex Ltd

Jindal Cotex Ltd is incorporated in 1998, Jindal Cotex Limited is in the big business of manufacturing of Acrylic, Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarns, which are suitable for apparels, suiting’s & knitted fabrics.Jindal Cotex has installed capacity of 23,472 spindles for acrylic, cotton blended and polyester yarns. Company produce and sell yarns under the trade name 'JINDAL'.Jindal Cotex has also installed and specially made a Suzlon make Wind Electric Generator (Wind Mill) of 1250 KW capacity at Pithla-Satta-Gorera in Distt. Jaisalmer, Rajasthan. The entire power generated through this wind mill will be sold to Ajmer Vidyut Vitran Nigam Limited.

Jindal Cotex Ltd IPO

Jindal Cotex Ltd IPO

Details of IPO

Open: August 27,2009 to September 01, 2009
Type: 100% Book Built Issue (Initial Public Offer IPO)
Size: 1,24,53,894 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Price: Rs 70/- to Rs 75/-
Max Subscription Amount for Retail Investor: Rs 100,000/-
Listing: Both BSE and NSE
Lead Manager: Saffron Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited (Ph: +91-22-28470652 Email:

DIRECT SAT TV for your business

Nowadays, you can see compact satellite dishes installed on rooftops all over the United States and this satellite dishes are getting popular from other countries also. Drive through rural areas beyond the reach of the cable connections, and you'll find dishes on just about every house. Did you heard about DIRECT SAT TV? No problem. I got some information from my friend who is using this Direct Sat TV for his business and he is making good profit with the help of this Commercial Direct TV concept.

I would like to share the information with you people so that you can also make use of it. Do you know what is mean by Direct TV Business? DIRECTV offers a wide variety of programs to create the perfect environment for your business, including sports, music, news and more. This is called as Direct TV Business. For business’s such as Salon, Bar, Casino, Lounge, Bank, office, Retail store, Gym can use this Direct TV Business for improving there business.

Direct Sat TV has many advantages compared to cable TV. Though satellite TV technology is still evolving, it has already become a popular choice for many TV viewers. There are lot of differences between the satellite TV from cable and over-the-air broadcast TV. They are promising of the high quality picture and sound.

DIRECT SAT TV is the one of the most important authorized dealer and they have different Programming categories such as ARTS & ENTERTAINMENT,FAMILY & CHILDREN,HD PACKAGE,MOVIES,MUSIC,NEWS,SPORTS and etc…Depend upon your business you can choose your programming category. Make use of this Direct T V Business and promote your business and make good profit.

FIIs net investment -Rs 264 cr in the domestic stock markets in Aug09

FIIs have made a net investment of just Rs 264 cr in the domestic stock markets in Aug 09.Analysis of FII actions in the Indian stock markets shows that overseas investors are, so far in August, a net purchaser of domestic stocks worth Rs 264.6 cr. FIIs made a gross purchase of shares worth Rs 22,821.2 cr, while they sold equities valued at Rs 22,556.6 cr, resulting in a net investment of just Rs 264.6 cr, according to the data available with market regulator Securities and Exchange Board of India (SEBI).

However, it seems that during the period under review, the Indian debt market became a preferred choice for overseas investors as the segment attracted a net investment of nearly 2,200 cr. FIIs, so far this month, have made a gross buy of Rs 4,939.90 cr in the debt market, while they pulled out a gross Rs 2,742 cr from the sector, which resulted in a net investment of Rs 2,197.90 cr, according to the SEBI’s data.

In recent sessions, Indian stock markets witnessed unstable trading and during the same period, the BSE’s benchmark index fell 1.65%.According to the SEBI data, so far this year, FIIs' inflow in stock markets has crossed Rs 35,000 cr.However, this year in the debt market, they have still not turned a net buyer. Till now, they are net sellers of debt instruments worth Rs 1,145 cr.

Indian ADRs loss $1.44 b in 1 week

Indian stocks trading on American bourses lost over one billion dollars last week, with IT bellwether Infosys accounting for more than half of the total loss. For the week ended August 14, Indian entities listed on two US bourses --the New York Stock Exchange and Nasdaq-- shed $1.44 b from their total market capitalization. Infosys' valuation alone plunged by $961 m.Besides Infosys, two other major losers were banking majors -- ICICI Bank and HDFC Bank. Two lenders, in total, lost $673 m.

The valuation of telecom firm MTNL fell by nearly $76 m, while that of drug maker Dr Reddy's declined by $55.6 m. Besides, outsourcing firms WNS Holdings and EXLService too witnessed an erosion of $50 m in their midcap. The pack of losers includes IT firms Mahindra Satyam and TCS which shed $13.40 and $4.4 m respectively. declined by nearly $5 m.Apart from that Wipro, auto sector Tata Motors and Sterlite were among the pack of six companies, which gained during this week.

Sterlite Industries led the gainers pack and added $134 m in its market capitalization, whereas Wipro and Tata Motors added $74 and 58 m, respectively.On Friday(Aug 14th), the US markets ended in the red with the Dow Jones Industrial Average (DJIA) settling down by 0.82 per cent to 9,321.40 and S&P 500 ended at 1,004.09, down 0.85 per cent. Besides, tech heavy Nasdaq by fell 1.19 per cent to 1,985.52 points.

sensex last week and next week

The short-term tendency is down since the recent peak of 15,940. The downward setback from 15,545 last week reinforces the negative short-term view as does the 10-day ROC’s decline in to the negative zone. We maintain a neutral medium-term view with the possibility of a move between 13,000 and 16,000 for a few more weeks.

Decline below 14,244 will make the Sensex head towards the medium-term support zone between 13,000 and 13,200. Long-term investors however need not worry unless there is a weekly close below 13,000.

The week ahead promises to be uneven. The Sensex can decline to 14,741 or 14,244 in the near-term. Short-term investors can hold their long positions as long the index holds above the second support. The short-term trend will turn positive if there is a close above 15,600 in the early part of the week. Upward target would be 16,002, 16,179 and 16,421

trade show exhibits specialist Camel back displays

Now a days everybody is thinking about starting a business and after starting they are start thinking How to make profit in business? How to maximize it? This is one of the important question came out of all marketing and business persons mind. one of the important way to promote our business is advertisement. there are lot of types are there in advertisement. I am going to describe you one of the best way. Participating in exhibition or trade show exhibits type of advertising is one of the best way to promote your business.

At the same time our table top display should have a nice look, so that customers will get noticed and attracted towards our stall, then will we will get some customers and we can make some money out of our business and we can maximize our profit also. For getting this table top display what we have to do?
No problem at all. Camelback displays is the one of the best company to provide trade show exhibits, table covers and table top display. they are very professional and they have very good customer base and design engineers also They have experienced workers, skilled designers, craft man.
They are making custom printed table covers also. When customer is coming to our stall, he will sit in front of the table .so table covers play an important role in exhibition. All our company logo mark, artwork with different colors and text message printed on them. Camelbackdisplays are one of the leading trade show exhibits makers. They have a new type of attraction called directors chairs. directors chairs is nothing but a chairs with our advertisement message or logo printed on it. so when customers sitting in the chairs they will look into it. this will also help you to promote your business.

Sun pharma got US FDA Approval

Sun Pharma ltd has announced that US FDA has granted approvals for two ANDAs, generic version of Eloxatin, oxaliplatin for injection and generic version of Imitrex, sumatriptan succinate tablets.this is really the great milsstone for sun pharma and they have achieved it.From this approval they will be able to make good results in the coming quarters. Also announced that it will share 180days exclusivity for generic version of Eloxatin. Oxaliplatin injections have annual sales of approximately $2.3 billion in the US.
Oxaliplatin is an anticancer used in the treatment of colon and rectal cancer. Patent on the Eloxatin is set to expire in 2013.
We believe the news of 180 share exclusivity on Eloxatin is a positive surprise and could lead to 3-4% upside to our Target Price. However, at Rs1,206 the stock is trading at 19.4x FY2010E and 16.3x FY2011E earnings.
We recommend a NEUTRAL on the stock as we believe the US FDA issue is unlikely to get resolved soon and will impact the company’s US business (lower sales of distributed products and further inventory write downs) and would continue to be an overhang on the stock.

Mphasis plan to acquire AIG Systems Solutions

India's one of the leading IT and BPO services provider Mphasis today said it is set to acquire AIG Systems Solutions (AIGSS), part of the troubled insurance giant American International Group Inc(AIG), for an undisclosed amount.
Mphasis has reached a definitive agreement to acquire AIG Systems Solutions, an India-based provider of information technology services and solutions to AIG companies worldwide, Mphasis said in a filing to the Bombay Stock Exchange(BSE).
The company, however, did not disclose the exact financial details of the deal.
"This acquisition gives Mphasis the depth and breadth for us to be the preferred partner of choice in their IT transformation," Mphasis President Applications Services Business Unit Gopinathan Padmanabhan said.
The transaction is subject to legal and statutory requirements.
The script of Mphasis reacted positively to the news and increased over 4 % in morning opening trade to Rs 522. It was later trading at Rs 503, up 0.54 % on the Bombay Stock Exchange(BSE).

Best fulfillment services company

Those who are doing some business, they are struggling for many things such as warehouse problem, inventory and assembling unit problem like that. There are lot of third party companies are taking care of warehousing, assembly and fulfillment services such as order fulfillment, now I am going to describe about one of the third party company named AMS. AMS is taking care of all company related logistics work and other assembling and etc…

What is AMS? AMS means Advantage Media Services (AMS).one of the leading third party company for warehousing. Their approach is really different from others. Customers or clients very special to them their satisfaction is more important than money .AMS is not only concentrating on Warehousing, apart from this they are in assembly, fulfillment services, inventory management. They help their clients succeed by staying within budget, and taking great care of the clients' inventories.

AMS is having some advanced operating systems, refined processes and controlled overheads to keep expenses within budget and inventory safely protected from losses and damages. AMS is the one and only warehousing and fulfillment services company that offers On Guard Inventory Protection, a safeguard for total inventory management and product fulfillment precision.They offers solutions for both Business-to-Business (B-2-B) and Business-to-Consumer (B-2-C) clients, including Pick and Pack, Product Fulfillment and Distribution, Pack-out / Assembly, Order Management, Inventory Management, Logistics and Returns Processing services.

Buy Corporation bank Target:450

  • We maintain our Buy recommendation on the stock with revised price Target of Rs450.see the highlights of the quarter results of corporation bank
  • Corporation Bank has reported a healthy set of numbers for Q1FY2010, well ahead of our estimates (both at top line and bottom line fronts), led by robust treasury gains, stable margins and healthy business growth during the quarter. The bank reported a net profit Rs261.3 cr, up by 41.8% year on year (yoy), which is well ahead of our expectations.
  • The net interest income came in at Rs467.5 cr, up by 23.7% yoy and 9.2% quarter on quarter (qoq) on account of healthy 21.6% year-on-year (y-o-y) advances growth coupled with stable net interest margin at 2.26% (reported), up marginally by 7 basis points qoq.
  • The non-interest income increased by staggering 128% yoy to Rs359.3 cr mainly driven by strong treasury gains during the quarter. The bank recorded treasury gains of Rs185.4 cr in the quarter, a stupendous 46 times higher than that of Rs4.5 cr in Q1FY2009. Furthermore, leveraging of strong technology platform and better pricing of banking services resulted in a robust 38.3% y-o-y growth in core fee income.
  • The operating expenses grew by 19.1% yoy and 3.6% qoq to Rs255.6 cr led by 23.4% yoy and 11.6% sequential increase in staff expenses. Meanwhile the other operating expenses grew by 15.8% yoy.
  • The provision expenses grew sharply by 53.7% yoy to Rs155 cr as the bank utilized high treasury gains to shore up its loan loss coverage. The non-performing asset (NPA) provisions increased sharply by 71.4% yoy to Rs60 cr during the quarter. Meanwhile the other provisions spiked up to Rs66 cr from Rs5 cr in Q1FY2009, as the bank made provisions worth Rs53 cr towards wage revision and Rs13.5 cr towards sacrifice in restructured accounts.
  • The asset quality deteriorated during the quarter, as the gross non-performing assets (GNPA) increased by 6.3% yoy and 9.4% qoq to Rs611.6 cr. In tandem the GNPA in percentage terms (% GNPA) inched up to 1.29% in the quarter versus 1.14% in Q4FY2009, while the percentage of net non-performing assets (% NNPA) stood at 0.32% in the quarter under review vis-à-vis 0.29% in the previous quarter. Driven by higher loan loss provisions made during the quarter, the provision coverage ratio improved to 78.6% from 75.8% in the previous quarter.
  • During the quarter, the bank restructured loans worth Rs1,362.6 cr, slightly higher compared with Rs1,280.3 cr worth pending applications for restructuring as on March 31, 2009. The total restructured assets now stand at 5.1% of the total outstanding loans, which is largely in line with the quantum of restructuring done by its peers.
  • The business growth during the quarter was healthy and well ahead of the industry growth. The advances grew by 21.6% yoy to Rs47,378 cr, while the deposits grew much faster at 31.8% yoy to Rs72,127 cr. However, the current account and saving account (CASA) deposits fell sharply by 27.6% sequentially, thereby leading to an over 800 basis point sequential and 400-basis-point y-o-y contraction in the CASA ratio to 23.3%.
  • As on June 30, 2009, the bank remains well capitalized as its capital adequacy ratio (CAR) improved to 16.29% (as per Basel II), with a tier-I ratio of 9.63%. Corporation Bank by far has the best capital adequacy among its peers and a strong tier-I ratio leaves the bank with ample headroom to raise tier-II capital.
We have revised our earnings estimates upwards for FY2010 and FY2011 by 8.4% and 4.9% respectively to factor in robust treasury gains, strong core fee income growth and higher-than-expected business growth. At the current market price of Rs368, the stock trades at 5.2x FY2011E earnings per share (EPS), 2.5x FY2011E pre-provisioning profit (PPP) per share and 0.9x FY2011E adjusted book value (ABV) per share.

Govt to release Rs 2,546-cr subsidy for textiles in 3 days: Maran

The Government, on Thursday, announced the immediate release of a subsidy of Rs 2,546 cr for the textile industry under the Technology Up gradation Fund scheme (TUFs) to support its modernization efforts for meeting market challenges and enabling it to stay competitive in quality and price.

Announcing this at a news conference here, the Union Textile Minister, Mr Dayanidhi Maran, said it is for the first time that such a large amount of subsidy is being released in a single shot. He said the amount would be credited to bank accounts of beneficiaries in the record time of 3 working days. With this release, the subsidy would be cleared up to June 30, 2009. In 2008-09, the Government released Rs 2,632 cr under the scheme.

Under TUFS, the Government extends 10 per cent capital subsidy and 5 % interest subsidy on installation of machineries and for giving out machinery as well by the various segment of the textile industry.As Rs 3,150 cr has been provided in the Budget for release to the industry under the scheme, Mr Maran said with the release of the bulk amount now, the Ministry of Textiles would seek the intervention of the Prime Minister and the Finance Minister for more funds to the industry for the remaining part of the fiscal. Out of the total subsidy of Rs 2,546 cr, Tamil Nadu corners the substantial chunk of Rs 643 cr by 3,286 applicants, followed by Maharashtra at 1,186 applicants for Rs 637 cr, Punjab for Rs 352 cr by 1,543 applicants and Gujarat at 4,051 applicants for Rs 275 cr.

The Minister also announced the setting up of a 41-member Group under the Chairmanship of the Textiles Secretary, Ms Rita Menon, to came out with a National Fibre Policy, designed to make India self-sufficient in fibre utilization and export requirements. He said the Group has been given a command to come out with a report within 3 months.

Maruti Suzuki plans to enhance its services

Maruti Suzuki is servicing over 10 lakh cars in a month, so to achieve this Maruti Suzuki is going to take various initiatives, mainly focusing on three major aspects as follows
1) skilled manpower,
2)system improvement
3)innovative practices à to upgrade the land area. Maruti Suzuki crossed the 10 lakh cars mark in May monthof this year for the 1st time, a senior company official said. our strategy is to increase service productivity as well as service quality at service workshops," Maruti Suzuki India Executive Officer (Service) Pankaj Narula said. The company has a network of 2,774 service workshops across 1,319 cities and it has upgraded around 600 dealer workshops to its specially designed Express format, while over 640 are 2-Tech workshops.

GM looking forward in India

Bankrupt US carmaker General Motors(GM) on June 5,2009 said India is one of the "very important" markets that held the key to its turnaround and said it hoped to achieve a double digit share by 2010 on the back of higher sales of mini cars. The company's Indian subsidiary, that will introduce two new model cars in the coming months, also plans to start export of a new mini car to Europe and Asia Pacific by the end of 2010 that will further boost its sales and revenues in the global markets. "US, China and India are among the key markets for the new General Motors(GM) that has been formed after bankruptcy. While home market United States is certainly the most important, China is uniformly important as it is big in numbers where we sold one million units of cars. India is also key as opportunities here are similar," Karl Slym, president of GM India, said. It hopes to achieve a 10% growth in India sales this year, has started a series of new campaigns to sign the negative effects of the bankruptcy news.

Suzlon paying final due for REpower Systems

One of the leading Indian wind turbine maker Suzlon said on June 6, 2009 it has completed buying Martifier's stake in Germany's REpower Systems for $122 m.
In a notification to the Bombay Stock Exchange(BSE), Suzlon Energy, the world's fifth-biggest wind turbine maker, said after the completion of this deal, it now holds 90.72% of shares and voting rights in REpower Systems."The achievement of the purchase of Martifer's stake in REpower is a big milestone for Suzlon," Tulsi Tanti, chairman and managing director of Suzlon Energy, said in a statement.


The Gold rate was not at all stable as we knows,Its keep on fluctuating for some days and its increasing only.Spot gold failed to follow-through above $960, retreating to test support at $925. The long tail, however, indicates buying support. Failure of this level would test $900, while recovery above $950 would indicate another test of $1000 — confirmed if price rises above $960. In the long term, breakout above $1000 would signal a primary advance with a target of $1100*, while failure of support at $900 would test primary support at the April low of $865.
* Target calculation: 1000 + ( 1000 - 900 ) = 1100
The Gold Miners Index [GDX] respected resistance at $40 — a bearish sign for gold. Twiggs Money Flow (13-Week) bearish divergence indicates strong selling pressure. Downward breakout from the trend channel (below $35) or TMF reversal below zero would warn of a primary trend change and a similar outcome for the yellow metal.

Airline industries in trouble: continuous decline

Already Airline industries lost their profit in the last few quarters and demand for air travel could decline further in spite of signs of a more stable global economy, and prediction of a recovery this year look dull, Air industry executives said at a meeting of the world's airlines on June 7th 2009. Airlines have been suffering from weaker demand because of the financial crisis and have also been upset by the sharp variation in oil prices in the past year.
"I think it's probably going to get worse," Rob Fyfe, chief executive of Air New Zealand, told press in an interview on the sidelines of an International Air Transport Association (IATA) board meeting.
The bearish comments difference with the more positive outlook from some global policymakers and economists about a global recovery in the wake of latest data such as the slowing pace of U.S. job losses.

ONGC joint venture with cairn

Oil & Natural Gas Corporation (ONGC) has approved a Cairn India plan to increase investment into their jv(joint venture) Rajasthan oilfields, media The total cost of developing the three oil fields, in which the Indian unit of Britain's Cairn Energy owns 70 percent, has increased to $3.8 billion from $2.93 billion, ONGC would invest $350 million more into the fields operated by Cairn India.
India is Asia's third-largest oil consumer. It imports 70 percent of the oil it consumes and is keen to tap domestic reservoirs to help bring down its dependence on imports.
The revised investment plan for Mangala, Bhagyam and Aishwariya oilfields includes $940 million for a pipeline to send away the crude to coastal part of Gujarat.ONGC owns the remaining 30 % in the venture and it has to pay the royalty on the entire crude oil production. The state-owned refiner will ask the Indian government to pay back the royalty payment it has to pay for Cairn as the new plan is economically unviable.

NHPC Limited -IPO

Public Issue Open: August 7,2009 to August 12, 2009
Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size: 1,67,73,74,015 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 30/- to Rs 36/-
Bid Lot: 175 equity shares
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing: BSE, NSE
Lead Manager: ENAM Securities, Kotak Mahindra
Registrar: Karvy Computershare Pvt Limited (Ph: +91-40-23420815 )

India's IT growth

The domestic(India) market seems to be coming to the aid of the IT-BPO industry, because it is projected to grow 15-18%, even as the export market is likely to grow a mere 4-7%. Damn sure that the export market is about thrice as much as the domestic market.
The National Association of Software and Services Companies (Nasscom) on Wednesday(July 29) said that the industry’s exports are expected to grow to between $48 billion and $50 billion, compared with $46.3 billion last year. Last year(2008-2009), the industry’s export revenues grew 16.3 %, says Nasscom, but calculations show only a 14.6% growth, from $40.4 billion in the previous year.
The root of the discrepancy lies in Satyam's Computer accounts, which are yet to be restated.Disclosing Nasscom’s projections at the body’s annual meet here, the Chairman, Mr Pramod Bhasin, stressed that even a 4-7 per cent growth is good, given the economic environment. He noted that core markets such as North America and verticals such as the banking and financial services industry “have started to stabilise”.
The domestic IT-BPO market is projected to grow at a higher rate — between 15 and 18% — to reach around Rs 67,000 crore, compared with Rs 57,000 cr last year. In dollar terms, domestic revenues were $12.5 billion in FY-09, Nasscom said. Fiscal 2009 figures grew 21 per cent over Rs 47,000 crore in fiscal 2008. The domestic market witnessed enhanced focus in the year ended March 2009 with “large transformational deals in telecom and e-governance, with contract value of outsourcing deals growing by 32%, Mr Bhasin told newspersons after releasing the Nasscom outlook for the industry in 2009-10.

India's export is growing sharply

After two consecutive years of growth, India’s exports contracted sharply to register a growth of 3.4 % in dollar terms in 2008-09. The decline was due to the global slowdown and the financial meltdown(RECESSION) in the second half of 2008 that hit overseas demand substantially. The Government announced export-friendly measures in two stimulus packages in Dec 2008 and Jan 2009, followed by one in the Interim Budget in February and another in the full-fledged Budget.Taking over as the Commerce Secretary in June, Dr Rahul Khullar, who worked in different capacities in the same Ministry before he became the Disinvestment Secretary for a brief period, spoke to Business Line about the various issues impinging on the export sector and the forthcoming 5 year Foreign Trade Policy at this critical juncture.

India's exports declined

for the third time in March to $11.5b, its 6th continuous fall, and analysts said the global economic slowdown would further reduce overseas sales by Indian companies in the months ahead.

Imports fell by 34% to $15.56b in March from a year earlier due to a slowdown in Asia's third largest economy and average global crude oil prices , narrowing the trade deficit to $4b in March from $6.32b a year ago.

Institute of Economic Growth economist N.R. Bhanumurthy
"The impact of global economic crisis on India is going to be higher in 2009/10 compared to 2008/09.
"After achieving a robust growth for four consecutive years, India's export growth started showing negative trend since October 2008 and is expected to continue for the rest of the year due to recessionary situation in most industrialised nations," he said.

Raw sugar imports not needed

A move by sugar mills in Maharashtra, India’s biggest producer, to import at least
1million tonnes (mt) of raw sugar to tide over domestic demand has sharply
divided the industry.India has sufficient stocks of sugar and does not need to
import the sweetener either in raw or white form this crop year, a leading body
said on Friday.

"There is more than sufficient availability of sugar, far beyond the domestic
requirement with sizeable carry forward stocks to the next year," Indian Sugar
Mills Association president Ranjit Puri said in a statement.

Inflation continuously falling down

Inflation came down to 8% this is 7-month low on the back of softening
food prices,strengthening the case for further interest rate cuts to shore
up the slowing economy. The wholesale price index (WPI) for the week
ended November 29 dropped to 8% from 8.4% in the previous week.
Prices of food related items came down during the week following a 1.9%
fall in the prices of fruits and vegetables. The prices of fuel and
manufactured items remained unchanged over the week.

Economists expect inflation, which peaked at 12.91% in August, to fall at
a faster pace following the recent cut in fuel prices and a 4% cut in excise
duty, so inflation may come down further it seems.

BHEL plans to invest Rs 10,000 cr

Bharat Heavy Electricals Ltd(BHEL) would invest about Rs 10,000 cr
for new ventures in the coming years.Managing director K Ravi Kumar
said BHEL was expecting to expand its power generation capacity to
15,000 MW from the present 10,000 MW before December 2009 and to
2000 MW by December 2011.To achieve this target, its production units
at Tiruchi, Bhopal,Haridwar, Jhansi and Hyderabad were in the process
of modernisation and expansion, he said. He said that BHEL was in talks
with General Electronics for the manufacture of advanced gas turbine at
Bhopal with an outlay of Rs 1000 crore.

On constructing nuclear reactors with the guidance of Atomic Energy
Commission and Nuclear Power Corporation of India ltd, Ravi Kumar
said talks were on with global majors in this sector. He said talks were
on with Alstom and Siemens for the manufacture of high speed electric

SEBI's new entry rules for MF industry

Market regulator Sebi will look at increasing the net-worth needed for
a firm to operate as an asset management company.The heavy
redemption pressure seen by the mutual fund industry during the
October crisis has put the market regulator on guard. We have learnt
that Sebi may go in for an upward revision in net-worth requirement
for asset management companies. Sources say the requirement may
be hiked to Rs 50 crore from Rs 10 crore.
The Sebi MF Panel also wants money-market mutual fund schemes to
be valued realistically and wants the valuation based on the day's net-
asset value (NAV) instead of the historical NAV.

The Sebi MF panel also discussed a few other issues like sectoral caps
for mutual funds — it has been noted that some MFs have invested as
much as much as 74%–97% in the banking financial services industry .

They have discussed one more thing the issue of the mismatch between
indicative yield and actual yield of fixed maturity plans (FMPs) was also
discussed. The panel also felt that there is a need for transparency in the
transaction of MFs. It feels the distribution commission which is deducted
from total investments from MFs should be taken as a separate cheque from
the investors.