North indian states Punjab and Haryana Wednesday reached 130 lakh tonnes wheat production in this season in the first 20 days of the procurement this year, food and supplies department officials said here. This year wheat arrival is six tones higher than the last year. Among india 50% of wheat arrival from Punjab and Haryana.
Food and supplies officials in Punjab said that government agencies and private millers procured more than 75.16 lakh tonnes of wheat till Tuesday evening compared to 71.31 lakh tonnes last year. Approximately 99.9 percent of the wheat arrival has been procured by government agencies.
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Wednesday, April 21, 2010
RBI Governor Reverses repo rate
The Reserve Bank of India (RBI) is planning to reverse its expansionary monetary policy.they were looking into the repo rate for the past few months and reverse repo rate cannot be same as its operative rate, RBI governor said on April 21st.
After expansionary monetary policy, (RBI) Governor Duvvuri Subbarao, a day after the RBI lifted policy rates by 25 basis points, sent bond yield slightly advanced as investors predictable tighter liquidity and further rate increases.
The reverse repo rate is the rate at which banks lend to the Reserve Bank of India, symbols the lower border of India's interest rate corridor, with higher repo rate. When liquidity is in excess, market rates tend toward the lower end of the corridor, which is the reverse repo rate.
After expansionary monetary policy, (RBI) Governor Duvvuri Subbarao, a day after the RBI lifted policy rates by 25 basis points, sent bond yield slightly advanced as investors predictable tighter liquidity and further rate increases.
The reverse repo rate is the rate at which banks lend to the Reserve Bank of India, symbols the lower border of India's interest rate corridor, with higher repo rate. When liquidity is in excess, market rates tend toward the lower end of the corridor, which is the reverse repo rate.
Tuesday, April 20, 2010
Talwalkars Better Value Fitness Limited IPO
Incorporated in 2003, Talwalkars Better Value Fitness Limited is incorporated on 2003 and they became one of the largest fitness chain in India by offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand 'Talwalkars'. As on today they are operating around 51 health clubs in 24 cities serving over 55,000 members.
Fitness chain Talwalkars Better Value Fitness Ltd said on Monday it has priced its initial public offering(IPO) to raise up to RS 774.4 m at RS123 -128 a share of face value RS 10.The issue to sell 6.05 million shares will constitute 25.09 percent of the fully diluted post issue paid-up capital of the company, it said in a statement. The market lot consists of 50 shares and it will be listed in both BSE and NSE.India Infoline Ltd is the sole book running lead manager to the issue, which opens on April 21 and closes on April 23.
The aim of this issue is to increase the number of health clubs and to repay the loans which they availed earlier and also to meet the expenses.
Fitness chain Talwalkars Better Value Fitness Ltd said on Monday it has priced its initial public offering(IPO) to raise up to RS 774.4 m at RS123 -128 a share of face value RS 10.The issue to sell 6.05 million shares will constitute 25.09 percent of the fully diluted post issue paid-up capital of the company, it said in a statement. The market lot consists of 50 shares and it will be listed in both BSE and NSE.India Infoline Ltd is the sole book running lead manager to the issue, which opens on April 21 and closes on April 23.
The aim of this issue is to increase the number of health clubs and to repay the loans which they availed earlier and also to meet the expenses.
Tata Consultancy Services Net Profit and Futures
One of the India’s largest software concern Tata Consultancy Services (TCS) reported revenues at US$ 1686 m. This is approximately +17.7% Year of Year lower than expectations because of the head count rise of 11000 employees. When we are looking into the over all performance and profit, TCS has achieved really well. The revenue generated from financial domain is very less compared to the other domains. I guess TCS might have seen some form of market share loss in key financial services account during the quarter.
Tata Consultancy Services (TCS), plans to hire about 38,000 personnel in order to improve efficiencies and generate better returns, a top company official said.
"We are hiring a total of around 38,000 people out of which 20,000 would be trainees and 10,000 laterals," TCS' Global Human Resources Head and Vice-President, Ajoy Mukherjee, said on Tuesday.
Name: Tata Consultancy Services Ltd.
Script code: 532540
Listed in: Both BSE/NSE
Current Market Price: 789.60
As of now they are doing well, so start accumulating these stocks. Surely it will reach Rs 860 to 875
Tata Consultancy Services (TCS), plans to hire about 38,000 personnel in order to improve efficiencies and generate better returns, a top company official said.
"We are hiring a total of around 38,000 people out of which 20,000 would be trainees and 10,000 laterals," TCS' Global Human Resources Head and Vice-President, Ajoy Mukherjee, said on Tuesday.
Name: Tata Consultancy Services Ltd.
Script code: 532540
Listed in: Both BSE/NSE
Current Market Price: 789.60
As of now they are doing well, so start accumulating these stocks. Surely it will reach Rs 860 to 875
Annual monetary policy statement for the year 2010-11
The Reserve Bank of India has raised CRR, reverse repo and repo rate by 25bps each in annual monetary policy statement for 2010-11. Though repo and reverse repo rate increase was as per the market expectations, 25bps increase in CRR was lower than our expectation of 50bps. The hike in policy rates is followed by 75bps hike in CRR in the Third Quarter Review of January 2010 and mid-cycle increase of 25 bps each in the repo rate and the reverse repo rate on March 19, 2010.The focal point of monetary policy statement for 2010-2011 has now clearly shifted from growth to inflation management. The growth forecast has been increased to 8% for the year 2010-11 with two key risks being southwest monsoon for 2010 and inflation.
Friday, April 2, 2010
About KEC International
KEC International Limited is one of the largest in Power Transmission, Engineering, Procurement & Construction (EPC) companies in the world. KEC has made an permanent mark on the world map by consistently re-engineering itself to retain its position of leadership in the areas of quality, technology, capacity and capability.
KEC's strengths lie in the areas of Design, Manufacture, Supply and Construction of Turnkey Projects of Power Transmission lines of voltages up to 800 kV and in the execution of Railway Electrification projects, setting up Sub-stations and power Distribution Networks, Optical Fibre Cable (OPGW) installations, Turnkey Telecom Infrastructure Services and maintenance of Power Transmission Lines.
KEC's strengths lie in the areas of Design, Manufacture, Supply and Construction of Turnkey Projects of Power Transmission lines of voltages up to 800 kV and in the execution of Railway Electrification projects, setting up Sub-stations and power Distribution Networks, Optical Fibre Cable (OPGW) installations, Turnkey Telecom Infrastructure Services and maintenance of Power Transmission Lines.
KEC won Railway projects worth Rs 130 crs
KEC has been a leading player in the Railways Electrification segment.KEC International Ltd has informed Bombay Stock Exchange(BSE) that they won railway projects worth Rs 130 crs. The orders are for construction of station buildings, platforms, level crossing gates, bridges, earthwork and signaling & telecommunication for the Indian railways.“Winning these civil construction, signaling& telecommunication orders in the Railways projects segment.” Said Mr.Ramesh chandak, MD & CEO, KEC Internation Ltd
SBI raised interest rates on home loans
One of the largest PSU bank in India State Bank of India (SBI) and other leading players in the housing loan market has raised interest rates on home loans. Although the bank will continue with its 8% teaser rate, which they had introduced a year ago, that too only for the first year, now it has increased rates for the subsequent years, effective April 1. The hike in home loan rates by SBI was triggered by the recent increase in its cost of funds.
Till March 31, SBI had two schemes, Easy Home Loan (up to Rs 50 lakh) and Advantage Home Loan (above Rs 50 lakh). '' From April 1, both the schemes have been merged and extended for a month,'' an SBI spokesperson confirmed to TOI. '' The rates applicable for new loans sourced from April 1 till April 30 are 8% for the first year, 9% for the second and third years and floating rate at 1.75% below SBAR (SBI's equivalent of prime lending rate, or PLR) thereafter,'' the spokesperson added.
So in result, the home loan rates for the second and the third years have gone up by 50 basis points (100 basis points=1%), from 8.5% earlier to 9% now. While fourth year onwards, at the current structure, the interest rate will be at 10% per annum, since currently SBAR is at 11.75%. Earlier, from the fourth year onward, the floating rate was at 2.75% below the SBAR and the effective rate was 9%.
Till March 31, SBI had two schemes, Easy Home Loan (up to Rs 50 lakh) and Advantage Home Loan (above Rs 50 lakh). '' From April 1, both the schemes have been merged and extended for a month,'' an SBI spokesperson confirmed to TOI. '' The rates applicable for new loans sourced from April 1 till April 30 are 8% for the first year, 9% for the second and third years and floating rate at 1.75% below SBAR (SBI's equivalent of prime lending rate, or PLR) thereafter,'' the spokesperson added.
So in result, the home loan rates for the second and the third years have gone up by 50 basis points (100 basis points=1%), from 8.5% earlier to 9% now. While fourth year onwards, at the current structure, the interest rate will be at 10% per annum, since currently SBAR is at 11.75%. Earlier, from the fourth year onward, the floating rate was at 2.75% below the SBAR and the effective rate was 9%.
Will this rally will continue in Indian stock market
Continuously for the past few weeks, Indian stock market in going in the forward direction. Almost all the sectors are gaining. During Feb 2010 Sensex was in the
range Of 16100 and as of now it went to 17650 range. Will this rally will continue?
Not only out Indian stock market, all the stock markets will gain for few weeks and it will see some down fall. Then only the market will function properly. We all know that the market will be always volatile only. So we have to be very careful in the Indian stock market, because for the past few weeks it is keep on increasing, so it may meet a sharp correction at one level. So book your profits then and there to make over all profit in the stock market.
range Of 16100 and as of now it went to 17650 range. Will this rally will continue?
Not only out Indian stock market, all the stock markets will gain for few weeks and it will see some down fall. Then only the market will function properly. We all know that the market will be always volatile only. So we have to be very careful in the Indian stock market, because for the past few weeks it is keep on increasing, so it may meet a sharp correction at one level. So book your profits then and there to make over all profit in the stock market.
most popular trade show booths company
Exhibitions, table skirts are always good to increase the customers and it will lead to make good profit, especially when it’s about computer related stuffs. The vendors or other company who joins the exhibition will display their latest products in banner stands and sometimes also gives a demo about their best products. I love it when they’re trying to give a demo about a certain VGA card; the vendor usually put a see-through PC equipped with the VGA card and start playing games at high quality settings. For that they may need Pipe and Drape. This Pipe and drape is mainly used as booth dividers for trade show displays. Many other organizations use them as privacy walls and crowd control.
Vendors are spending more money for developing the products and they can able to survive only when the marketing team and sales team performing well. To increase the sales they have to implement some new ideas such as trade show booths, table skirts. Those vendors must have spent a lot of money just to build their stand. The bigger they are the better chance it is too attract the crowd into their booth, but they also need to be very informative and attractive about the product they’re trying to introduce.