Indian stock market opened in positive manner and started dropping continuously. The Sensex/Nifty continues to trade in the negative direction on the back of profit booking seen in index heavyweights. Among all the sectors especially Realty, banking and metal stocks traded lower.
At 10.15 a.m., the Sensex was trading down around 114 points or 0.57% at 19,816.75 with 22 components falling. Meanwhile, the Nifty was trading lower by 36.65 points or 0.61% at 5,962.15 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 52 points or 0.26% at 19,982.75, while the broad based NSE Nifty started with a rise of 77.15 points or 1.29%, at 6,075.95.
Sensex Movers
Negative movers:ICICI Bank contributed fall of 28.31 points in the Sensex. It was followed by Reliance Industries (18.11 points), HDFC Bank (13.29 points), Infosys Technologies (12.26 points) and Tata Consultancy Services (9.97 points).
Positive movers:However, Bharti Airtel contributed rise of 14.93 points in the Sensex. It was followed by Larsen & Toubro (9.25 points), Sterlite Industries (India) (5.13 points), Hero Honda Motors (3.06 points) and Hindustan Unilever (1.39 points).
Disclaimer: This Blog, its owner, creator & contributor is neither a research analyst nor an Investment Advisor and expressing opinion only as an Investor in Indian equities. He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors are advised to do own due diligence and/or consult financial consultant before acting on any such information.
Friday, November 19, 2010
TRAI Proposal on 2G Spectrum issue
India's telecom authority TRAI proposed cancelling 62 licenses of 5 telecom network operators. 2G Spectrum has been given to these operators during jan 2008. Because of this issue Telecom minister Raja resigned his post and this issue became major one and the media/press started digging into the issue to get more details.
India is the 2nd largest and fastest-growing in the world in telecom sector. Government auditor submitted the report, in that he condemned the ministry's allocation of 2G spectrum, saying it cost the government $38.9 billion in potential revenue loss.
"We have reviewed about 127 licenses and have recommended that some licenses may be cancelled on the ground that either they have not rolled out (mobile phone) services or for improper roll out of services, so that the spectrum can be utilized," a senior official at TRAI told Reporters.
India is the 2nd largest and fastest-growing in the world in telecom sector. Government auditor submitted the report, in that he condemned the ministry's allocation of 2G spectrum, saying it cost the government $38.9 billion in potential revenue loss.
"We have reviewed about 127 licenses and have recommended that some licenses may be cancelled on the ground that either they have not rolled out (mobile phone) services or for improper roll out of services, so that the spectrum can be utilized," a senior official at TRAI told Reporters.
Thursday, October 21, 2010
Increase your profit by using trade show booth
There are lot of ways are there to improve our business. But one of the best ways to improve the business and to increase profits trade show is a good option. Trade show booths are the mainstay of trade shows. It will attract all the consumers/people those who are visiting exhibitions. Exhibitors use them to showcase products, services and ideas.
Table skirts are used for special events including trade shows. They attach around the perimeter of a table using special clips or just Velcro. They can be printed on to add a logo if needed and come in a variety of colors. Nowadays everything is made as customized one. We can make our own design and it can be used in table skirts.
Among many different items available for trade show, one of the important and attractive elements is Banner stands. Banner stands are also very useful advertising tools that can be set up anywhere. There are retractable versions, L shaped styles and different shapes which can be used as indoor / outdoor models.
In the trade show, so many companies will be displaying their products and advertisements about the product. Just to separate out the exhibit booths you can use Pipe and drape. It is used as booth dividers for trade show displays. Many other organizations use them as privacy walls and crowd control. Even in the Pipe our company logo and the quotes will be printed
Table skirts are used for special events including trade shows. They attach around the perimeter of a table using special clips or just Velcro. They can be printed on to add a logo if needed and come in a variety of colors. Nowadays everything is made as customized one. We can make our own design and it can be used in table skirts.
Among many different items available for trade show, one of the important and attractive elements is Banner stands. Banner stands are also very useful advertising tools that can be set up anywhere. There are retractable versions, L shaped styles and different shapes which can be used as indoor / outdoor models.
In the trade show, so many companies will be displaying their products and advertisements about the product. Just to separate out the exhibit booths you can use Pipe and drape. It is used as booth dividers for trade show displays. Many other organizations use them as privacy walls and crowd control. Even in the Pipe our company logo and the quotes will be printed
Tuesday, October 19, 2010
HDFC Bank net profit raised 32.7%
HDFC Bank today reported a 32.7 % increase in its overall net profit for this quarter ended 30 Sep 2010, to Rs912.1 cr, compared to the same quarter Sep 2009.The amount which mentioned above is after tax, Profit before tax for the quarter ended 30 Sep 2010 increased 35.4 % year-on-year to Rs1,352.6 cr. The bank paid Rs440.5 cr as tax for this quarter.
HDFC Bank's net revenues including net interest income plus other income increased from 15.9 % to Rs3,487 cr during the quarter ended 30 Sep 2010 from Rs3,009.3 cr in the corresponding quarter of the year 2009.The bank reported total income of Rs5,770.7 cr during the quarter ended 30 Sep 2010 against Rs5,045.4 cr in the quarter ended 30 Sep 2009.For the half year ended 30 Sep 2010, the bank reported a 33.3 % increase in its net profit at Rs1,723.9 cr over the corresponding six months ended 30 Sep 2009.
HDFC Bank's net revenues including net interest income plus other income increased from 15.9 % to Rs3,487 cr during the quarter ended 30 Sep 2010 from Rs3,009.3 cr in the corresponding quarter of the year 2009.The bank reported total income of Rs5,770.7 cr during the quarter ended 30 Sep 2010 against Rs5,045.4 cr in the quarter ended 30 Sep 2009.For the half year ended 30 Sep 2010, the bank reported a 33.3 % increase in its net profit at Rs1,723.9 cr over the corresponding six months ended 30 Sep 2009.
Monday, October 18, 2010
NIFTY Trading below 6000
All the asian markets were down and following that the Indian stock market also seeing a sharp correction due to continuous profit booking session by the investors. According to analysts, investors were booking profit to add Coal India Limited to their portfolios through this Coal India Initial Public Offering (IPO).
Today morning, once after the market opening it was trading in a volatile manner. Because of the opening of India’s biggest-ever IPO i.e. Coal India Ltd(CIL). All the investors will try to book some profit and plan to invest on this Coal India IPO.
Asian markets also slipped in the red. Nikkei 225 was down 0.11 per cent, Hang Seng slipped 0.98 per cent and Taiwan Weighted declined 1.75 per cent. Even stock markets in Japan are up while markets in China have seen a sharp reversal after a strong start. Other regional markets are in the red. The scene in Europe too remains indecisive,” Today morning, National Stock Exchange (NSE) Nifty was at 5998.40, down 64.25 points which is 1.06 %. The broader index touched a low of 5985.40 and high of 6115.10 in today’s trade. Market breadth was negative on the NSE with 2001 losers against 1271 gainers.
Bombay Stock Exchange (BSE) Sensex was at 19905.91, down 219.14 points which is 1.09 %. The 30-share index touched a low of 19870.51 and high of 20195.06 in early trade.
Today morning, once after the market opening it was trading in a volatile manner. Because of the opening of India’s biggest-ever IPO i.e. Coal India Ltd(CIL). All the investors will try to book some profit and plan to invest on this Coal India IPO.
Asian markets also slipped in the red. Nikkei 225 was down 0.11 per cent, Hang Seng slipped 0.98 per cent and Taiwan Weighted declined 1.75 per cent. Even stock markets in Japan are up while markets in China have seen a sharp reversal after a strong start. Other regional markets are in the red. The scene in Europe too remains indecisive,” Today morning, National Stock Exchange (NSE) Nifty was at 5998.40, down 64.25 points which is 1.06 %. The broader index touched a low of 5985.40 and high of 6115.10 in today’s trade. Market breadth was negative on the NSE with 2001 losers against 1271 gainers.
Bombay Stock Exchange (BSE) Sensex was at 19905.91, down 219.14 points which is 1.09 %. The 30-share index touched a low of 19870.51 and high of 20195.06 in early trade.
COAL INDIA LIMITED IPO
The Coal India IPO which has opened for subscription on October 18, 2010(today) has kept stock market experts busy. Even though most of them are bullish on Coal India IPO, some of the experts are negative on the country’s largest IPO. One such example is Reliance power, which was the biggest IPO raised more than 11K Crores via IPO.
The Indian government and SEBI has fixed a price band at Rs 225-245 a share and They are offering 63.16 crore shares via this IPO issue, which aims to raise more than Rs 15,000 crore through this IPO. It closes on Oct 21st 2010.
Citigroup Global Markets, Deutsche Equities, DSP Merrill Lynch, ENAM Securities, Kotak Mahindra Capital and Morgan Stanley are the lead managers for this issue.
According to some of the analysts Coal India Limited(CIL) IPO is priced attractively and the one can invest on it. But in an Interview, Sanju Verma, Centrum Broking said that she won’t not subscribe to Coal India Limited IPO. She reasoned that though CIL is 40% cheaper than peers on EV/EBITDA, only 18% of it is top quality coal.
The Indian government and SEBI has fixed a price band at Rs 225-245 a share and They are offering 63.16 crore shares via this IPO issue, which aims to raise more than Rs 15,000 crore through this IPO. It closes on Oct 21st 2010.
Citigroup Global Markets, Deutsche Equities, DSP Merrill Lynch, ENAM Securities, Kotak Mahindra Capital and Morgan Stanley are the lead managers for this issue.
According to some of the analysts Coal India Limited(CIL) IPO is priced attractively and the one can invest on it. But in an Interview, Sanju Verma, Centrum Broking said that she won’t not subscribe to Coal India Limited IPO. She reasoned that though CIL is 40% cheaper than peers on EV/EBITDA, only 18% of it is top quality coal.
Monday, August 23, 2010
Asian stock markets down
Not only Indian stock markets, the whole Asian stock markets itself falling down consecutively due to Global economy, US Dollar rise, and etc..The markets ended lower with the US dollar continuing to witness steady safe haven buying which leads to further rise constantly. So the commodity market got affected due to this. The US dollar rose to a fresh 6 weeks high. European Central Bank official for more economic aid announced that the region's deficit crisis may take longer to solve. Once after this news the global market went down.
No plan to lift exports ban on wheat and Non basmati rice
After annual review of the Foreign Trade Policy release meeting, Commerce and Industry Minister Anand Sharma announced “The ban on export of wheat and non-basmati rice will stay for now” no plan to lift the ban. Actually wheat export banned in early 2007 and non basmati rice in 2008 due to high inflation in India. Apart from this government would continue to restrict exports of certain food items such as pulses and oilseeds.
As on June 30 2010, government agencies had 163.93 lakh tonnes of rice and 112.87 lakh tonnes of wheat. In the same period last year, the rice was at 138.46 lakh tonnes and wheat was at 101.37 lakh tonnes. Still, our domestic requirement itself its too high and so no plan to lift the ban on exports of these food items.
As on June 30 2010, government agencies had 163.93 lakh tonnes of rice and 112.87 lakh tonnes of wheat. In the same period last year, the rice was at 138.46 lakh tonnes and wheat was at 101.37 lakh tonnes. Still, our domestic requirement itself its too high and so no plan to lift the ban on exports of these food items.
Sunday, August 22, 2010
Maruti Suzuki's exports plan is 15% of over all production
Maruti Suzuki’s chairman RC Bhargava said “Maruti Suzuki is planning to concentrate on domestic markets to increase there business in India and the exports will be decreased to 15% of overall production”. During April-July this fiscal, the company exported 50,558 cars, which amounts to around 15% of its total output.
As per Maruti Suzuki MD Shinzo Nakanishi, the company’s business view on the domestic market is huge and he forecast that the passenger car market in India would double in the next 5-6 years. “We share the optimism about India in the medium term. Indian passenger car market will double in the next 5-6 years. There is even an outside chance of a China-like boom in the Indian car market,” he said.
As per Society of Indian Automobile Manufacturers Association (SIAM) shows Maruti’s market share decreased below 50% for the first time in April-July this fiscal, to 47.68%, with total sales of 2,82,488 units. The company's market share stood at over 53% in the same period last year, selling 2,33,811 units.
Maruti Suzuki’s market share went down because of other small cars such as Ford’s Figo, General Motors’ Beat and Volkswagen’s Polo. Even though Maruti Suzuki is introducing various new cars to retain 50% of the market share, still they were not able to achieve it. Maruti is also developing an R&D centre at Rohtak for which 700 acre has already been acquired. “The number of design engineers increased to 958, as planned,” Bhargava said. The expenditure incurred by the country's largest carmaker on research & development (R&D) increased to Rs 173 crore in 2009-10 from Rs 91 crore in 2008-09.
As per Maruti Suzuki MD Shinzo Nakanishi, the company’s business view on the domestic market is huge and he forecast that the passenger car market in India would double in the next 5-6 years. “We share the optimism about India in the medium term. Indian passenger car market will double in the next 5-6 years. There is even an outside chance of a China-like boom in the Indian car market,” he said.
As per Society of Indian Automobile Manufacturers Association (SIAM) shows Maruti’s market share decreased below 50% for the first time in April-July this fiscal, to 47.68%, with total sales of 2,82,488 units. The company's market share stood at over 53% in the same period last year, selling 2,33,811 units.
Maruti Suzuki’s market share went down because of other small cars such as Ford’s Figo, General Motors’ Beat and Volkswagen’s Polo. Even though Maruti Suzuki is introducing various new cars to retain 50% of the market share, still they were not able to achieve it. Maruti is also developing an R&D centre at Rohtak for which 700 acre has already been acquired. “The number of design engineers increased to 958, as planned,” Bhargava said. The expenditure incurred by the country's largest carmaker on research & development (R&D) increased to Rs 173 crore in 2009-10 from Rs 91 crore in 2008-09.
Deepak Fertilizers history from year 2000
In 2000, Deepak Fertilizers and Petrochemicals Corporation Ltd opened a new nitric acid plant with an annual Capacity of 1 lakh tonnes at Taloja in Maharashtra. After that they had meeting and planned to invest R 100 cr. In 2002, Board approves for the buyback of equity shares up to 10% of its paid up capital and free reserves. Mr A C Mehta appointed as the additional Director and D C Mehta ,MD is elevated to the position of Vice-chairman and in his place Shri S C Mehta has been appointed as the MD.
During 2003, it gave buyback options of equity shares and closed on January 20. they announced Knight Frank as its real estate consultant
Board approved 6MW capacity cogeneration capitive power plant.In 2004, - It has informed that the company has entered into License Agreement and related contracts with Aker Kvaerner Inc., Houston, USA, for manufacture of 70,000 MT per annum Isopropyl Alcohol (IPA) at the plant at Taloja, Mumbai. The total outlay for this project is estimated to be Rs. 2,000 million. In 2010,it informed that Shri Pranay Vakil has joined the Board of Directors of the Company
During 2003, it gave buyback options of equity shares and closed on January 20. they announced Knight Frank as its real estate consultant
Board approved 6MW capacity cogeneration capitive power plant.In 2004, - It has informed that the company has entered into License Agreement and related contracts with Aker Kvaerner Inc., Houston, USA, for manufacture of 70,000 MT per annum Isopropyl Alcohol (IPA) at the plant at Taloja, Mumbai. The total outlay for this project is estimated to be Rs. 2,000 million. In 2010,it informed that Shri Pranay Vakil has joined the Board of Directors of the Company
Deepak Fertilizers incorporated on 1979
Deepak Fertilizers was incorporated as a private Ltd company on 31st May 1979, then converted into a public company on 14th June, 1979.They are manufacturing anhydrous liquid ammonia which is a heavy Chemical & fertilizer. Initially it has been promoted by Deepak Nitrite Ltd and C.K Mehta. The Company entered into an agreement with US Company Fish International Engineers Inc (FISH) for the supply of process design and completes basic and detailed engineering within the ammonia plant battery limit including all equipment specifications for purchase and supply of data for off sites.
Thursday, August 12, 2010
SBI's Government stake reduction-Parliament approved the bill
Indian government is planning to reduce its stake holding from 59 % to 51% in State Bank of India. Bill has been approved in the parliament for the same on Thursday. This will help them to raise capital.” This bill (SBI Amendment 2010) also seeks to enable the SBI to issue bonus shares," Finance Minister Pranab Mukherjee said while replying to a discussion on the bill. This would also lead the bank to raise funds through preference shares, rights issue, preferential allotment or private placement of shares. Performance of the bank has so far been reasonably good, and there was no plan to bring down the government stake in the bank further. The government will not weaken its majority stake in the bank, he added.
India’s largest bank State Bank of India, which has 4,496 branches across the country and about 0.2 million employees in total, reported a 25% rise in quarterly profit on Thursday, beating forecasts.
SBI's stock closed up 6.9 % at Rs 2,784 after the 2011 Q1 results, in Bombay Stock Exchange
India’s largest bank State Bank of India, which has 4,496 branches across the country and about 0.2 million employees in total, reported a 25% rise in quarterly profit on Thursday, beating forecasts.
SBI's stock closed up 6.9 % at Rs 2,784 after the 2011 Q1 results, in Bombay Stock Exchange
Deadlines for Blackberry – August 31
Government of India has set August 31 as the deadline for Canadian Blackberry manufacturer Research In Motion (RIM) to come up with a solution after high-level meetings in India today to decide on possible suspension of encrypted BlackBerry services over national security worries ended "inconclusively". If they do not come up with a solution its services are likely to be banned in the country. As of now no final decision made after the meeting between home ministry and intelligence agency.
Government officials said RIM was not present at today’s meeting, which was also attended by state-run telecom operator BSNL, DOT officials and government security technology specialists.
Government officials said RIM was not present at today’s meeting, which was also attended by state-run telecom operator BSNL, DOT officials and government security technology specialists.
Ranbaxy Q1 Results – 52% fall in profits
India’s one of the best laboratories Ranbaxy reported a 52% fall in Q1.currency volatility is one of the reasons for this fall in profits, so Managing Director and chief executive Atul Sobti are departing from Ranbaxy laboratories. President of the company Arun Sawhney will takeover Managing Director place.
Ranbaxy reported an Q1 net profit of $72 million compared with a profit of $139 million in 2010 Q1. This is due to large foreign currency gains in the June 2009 quarter, which didn’t happen this year as expected, said Bino Pathiparampil, an analyst at Mumbai's IIFL Capital.
As per Bino, this was less than expected, reflecting bumper U.S. sales of Ranbaxy's generic version of Valtrex, a blockbuster herpes drug made by GlaxoSmithKline.With out US business they could have not reached this level, IF US markets were not there for Ranbaxy, then the profit could go down further.
The stock closed down 0.5 %, at Rs 445.2 ($9.5) a share, on the Bombay Stock Exchange (BSE) in an flat market.
Ranbaxy reported an Q1 net profit of $72 million compared with a profit of $139 million in 2010 Q1. This is due to large foreign currency gains in the June 2009 quarter, which didn’t happen this year as expected, said Bino Pathiparampil, an analyst at Mumbai's IIFL Capital.
As per Bino, this was less than expected, reflecting bumper U.S. sales of Ranbaxy's generic version of Valtrex, a blockbuster herpes drug made by GlaxoSmithKline.With out US business they could have not reached this level, IF US markets were not there for Ranbaxy, then the profit could go down further.
The stock closed down 0.5 %, at Rs 445.2 ($9.5) a share, on the Bombay Stock Exchange (BSE) in an flat market.
India's ban on blackberry services
The Government of India has asked Black Berry Manufactures Research In Motion for permission to access encrypted messages in times of emergency, As per Indian law, all Network operators or services providers have to comply with the common rule, the official said. But they have not agreed for that it seems and the Indian unit of Research In Motion had earlier said the use of "strong" encryption in wireless technology isn't unique to the BlackBerry platform and is a mandatory requirement for all corporate wireless email services. Apart from India, few more countries were about to ban blackberry including Saudi Arabia. But in later point of time they announced that the blackberry complies with their regulations, so they are not going to ban in Saudi. Aug 12th i.e today, Thursday's meeting between officials of India's Ministry of Home Affairs and the Department of Telecommunications(DOT) to discuss security concerns related to BlackBerry services ended "inconclusively", a DoT official said.India concerned about RIM's BlackBerry services as security agencies can not monitor the encrypted communications. so terrorists may use the services. This issue be resolved by DoT and Indian home ministry, which is in charge of internal security in india.
Sensex trading in positive
Today in Indian stock market, SENSEX went up during market opening itself. All the global markets such as European markets, France's CAC, Germany's DAX and Britain's FTSE were trading in the positive trend. But still selling is happening in the main stocks Reliance Industries, Infosys, Wipro, ITC, Sterlite, Bharti, HDFC Bank, SAIL, TCS, NTPC, M&M, Ranbaxy and BHEL, which are trading in positive.
State Bank of India(SBI)India's largest bank reported better-than-expected results on Thursday, After the announcement of SBI’s 25% net profit results, the stock went all time high. It has reported net profit of Rs 2,914 crore, a growth of 25.04% and net interest income jumped 45.36% to Rs 7,304 crore on year-on-year basis. CNBC-TV18 was expecting net profit at Rs 2,450 crore and net interest income at Rs 6,646.3 crore. Net non-performing assets (NPAs) improved to 1.7% versus 1.55% and the bank made provisions for NPAs at Rs 1,733 crore in Q1 as against Rs 1,344 crore. It went up by 5% and was the top gainer as well as top traded stock on BSE and NSE. Among other financial stocks, Axis Bank was up 2% and ICICI Bank up 1%. PNB, Kotak Mahindra Bank and IDFC gained 0.5-0.9% while HDFC Bank fell 0.8%
State Bank of India(SBI)India's largest bank reported better-than-expected results on Thursday, After the announcement of SBI’s 25% net profit results, the stock went all time high. It has reported net profit of Rs 2,914 crore, a growth of 25.04% and net interest income jumped 45.36% to Rs 7,304 crore on year-on-year basis. CNBC-TV18 was expecting net profit at Rs 2,450 crore and net interest income at Rs 6,646.3 crore. Net non-performing assets (NPAs) improved to 1.7% versus 1.55% and the bank made provisions for NPAs at Rs 1,733 crore in Q1 as against Rs 1,344 crore. It went up by 5% and was the top gainer as well as top traded stock on BSE and NSE. Among other financial stocks, Axis Bank was up 2% and ICICI Bank up 1%. PNB, Kotak Mahindra Bank and IDFC gained 0.5-0.9% while HDFC Bank fell 0.8%
Wednesday, August 11, 2010
SENSEX went down by 150 points today
In Indian stock market, SENSEX went down 150 points today(Aug11th 2010-Wednesday), The following things are the reasons for bearish market
1) US Federal Reserve report
2) Japan’s and Chinese industrial export data.
Today’s SENSEX index of the Bombay Stock Exchange (BSE) closed at 18,070.19, down 0.82 % which is around 150 points from the previous day close. In the morning during opening of the market itself Sensex was in red at 18,177.35 and further went down to a low of 18,042.89 points. The index touched a high of 18,263.88 points in the intra-day trade. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty closed 0.73 percent or 40.10 points down at 5,420.60. After opening flat at 5460.70, the index plunged to a low of 5,412 from a high of 5474.60.
1) US Federal Reserve report
2) Japan’s and Chinese industrial export data.
Today’s SENSEX index of the Bombay Stock Exchange (BSE) closed at 18,070.19, down 0.82 % which is around 150 points from the previous day close. In the morning during opening of the market itself Sensex was in red at 18,177.35 and further went down to a low of 18,042.89 points. The index touched a high of 18,263.88 points in the intra-day trade. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty closed 0.73 percent or 40.10 points down at 5,420.60. After opening flat at 5460.70, the index plunged to a low of 5,412 from a high of 5474.60.
Bharti Q1 Results – 32% fall
India's top mobile operator Bharti Airtel, on Wednesday announced a 32 % fall in quarterly profit, including its African operations which bharti acquired in June for $9 billion.
Southeast Asia's top operator SingTel owns 32% stake in Bharti and its net profit fell to 16.82 billion rupees ($361.7 million) for its first quarter ended June 2010, from 24.75 billion rupees last year.
Bharti acquired the African operations in June from Kuwaiti telecoms group Zain in a $9 billion deal to become the world's fifth-biggest mobile operator. Bharti has 635 million subscribers in which 137 million users in India. Bharti subscribers are present in Bangladesh and Sri Lanka also, though the operations are small compared with India.
Southeast Asia's top operator SingTel owns 32% stake in Bharti and its net profit fell to 16.82 billion rupees ($361.7 million) for its first quarter ended June 2010, from 24.75 billion rupees last year.
Bharti acquired the African operations in June from Kuwaiti telecoms group Zain in a $9 billion deal to become the world's fifth-biggest mobile operator. Bharti has 635 million subscribers in which 137 million users in India. Bharti subscribers are present in Bangladesh and Sri Lanka also, though the operations are small compared with India.
Tata’s new plan- STD calls at 30 paisa
Tata Teleservices Ltd launched an aggressive tariff plan for pre-paid subscribers of its CDMA brand Tata Indicom. As per this scheme the STD rate at 30 paisa/minute across networks for 600 minutes in 30 days i.e 1 month. Almost all the network operators are charging 50 paisa/ minute. This will make more new subscribers for Tata those who make frequent STD calls.
Sanjeev Khera, chief operating officer - Karnataka regional head - south, TTSL said the new plan, Ulta, was aimed at increasing STD callings and pushing up its market share. Now Tata Indicom currently earns just 20% of its voice revenues from STD calls. The rest 80% comes from local calls.
“We expect a substantial leap in STD callings through this plan. It will also help us expand in new markets,” said Khera.
Sanjeev Khera, chief operating officer - Karnataka regional head - south, TTSL said the new plan, Ulta, was aimed at increasing STD callings and pushing up its market share. Now Tata Indicom currently earns just 20% of its voice revenues from STD calls. The rest 80% comes from local calls.
“We expect a substantial leap in STD callings through this plan. It will also help us expand in new markets,” said Khera.
Friday, July 9, 2010
New way to increase business
Trade show booths are one of the best ways to grow your business. It is the easiest and effective way to communicate the proper things to yours customers. By displaying your company logo and advertisement in every possible way, you can easily catch the attention of those customers.
The Table skirts are used at a variety of events to present your company products, ideas, builds awareness and more. You can either print or you can Velcro graphics to them. They are extremely portable and utilize a shipping case that can be checked in as luggage and later converted to a podium. The Banner stands used in events come in different shapes and colors. Based on the color of your choice, your logo will be printed in it. These table covers can be displayed at trade fairs, job fairs, conventions, in stores and other events.
Pipe and drape is used as booth dividers for trade show displays and exhibits. Many other organizations use them as privacy walls and crowd control. One more way to display your advertisement is though table top display. They are mostly similar to that of table covers, except the fact that they will be fitted on the top of a table. These will be displayed in panel systems, pop ups, banner stands, etc… Presenters should order table covers also.
One more way to promote your company logo is to use director’s chair that is used in film industry. Over the past 100 years these chairs were made of only of hardwood. These chairs can be used in trade shows for seating purpose so that your logos can be screened onto them.
The Table skirts are used at a variety of events to present your company products, ideas, builds awareness and more. You can either print or you can Velcro graphics to them. They are extremely portable and utilize a shipping case that can be checked in as luggage and later converted to a podium. The Banner stands used in events come in different shapes and colors. Based on the color of your choice, your logo will be printed in it. These table covers can be displayed at trade fairs, job fairs, conventions, in stores and other events.
Pipe and drape is used as booth dividers for trade show displays and exhibits. Many other organizations use them as privacy walls and crowd control. One more way to display your advertisement is though table top display. They are mostly similar to that of table covers, except the fact that they will be fitted on the top of a table. These will be displayed in panel systems, pop ups, banner stands, etc… Presenters should order table covers also.
One more way to promote your company logo is to use director’s chair that is used in film industry. Over the past 100 years these chairs were made of only of hardwood. These chairs can be used in trade shows for seating purpose so that your logos can be screened onto them.
Wednesday, April 21, 2010
Wheat Arrival from punjab and Haryana reached 130 lakh tonnes
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.
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.
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.