Showing posts with label ET. Show all posts
Showing posts with label ET. Show all posts

11 July 2008

Inflation, IIP spook market; Sensex ends 456 points down

Stocks on Dalal Street were slaughtered Friday after a host of negative data on the macro-economic front spooked investors. Inflation raced ahead, industrial growth showed a slowdown and crude oil resumed its northward journey. The pessimism was so strong that the market even snubbed IT bellwether Infosys Technologies' better-than-expected Q1 results. The day began on a positive note in reaction to Infosys' 4.24 percent rise in quarterly profit. The IT major raised its full-year revenue forecast in local currency but kept it flat in dollar terms. This did not go too well with investors, thus taking a toll on its shares, and in turn, dragging the entire IT pack in the first few minutes of trade. According to analysts, the outlook disappointed and underscored the increasingly difficult business conditions, particularly in the United States, the main market for Infosys. Infosys reported for the quarter ended June 30, 2008, a net profit of Rs 1,302 crore, up 4.24 per cent from Rs 1,249 crore in the preceding quarter ended on March 31, 2008. The IT major has guided for consolidated revenues of $1,215 million to $1,225 million for the quarter ending on September 30; year on year growth of 18.9-19.9 per cent. Consolidated earnings per American depositary shares is expected to be in the range of $0.55 to $0.56; YoY growth of 14.6-16.7 per cent. Inflation data was the next dampener. Inflation rose 11.89 per cent for the week to June 28. It was forecast to have risen to 11.75 per cent from 11.63 per cent a week earlier. Even the government has hinted that inflation could hit 13 per cent in the coming weeks and that any ease off in prices cannot be expected before the end of the year. To add the woes, India's industrial output rose 3.8 percent in May from a year earlier, sharply below the previous month's downwardly revised 6.2 percent and well below a forecast for growth of 7.2 per cent. This worsened the already jittery sentiment and selling pressure intensified. Capital goods took the sharpest knock. Meanwhile, crude oil rallied to a record high of $145.98 a barrel on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria would threaten to cut supplies. Bombay Stock Exchange's Sensex settled at 13,469.85, down 3.28 per cent or 456 points after oscillating between a high of 14066.36 and low of 13351.34. National Stock Exchange's Nifty ended 103 points or 2.47 per cent down at 4059.35. The broader index moved between a high of 4215.50 and low of 4014.45. Midcaps and smallcaps were relatively less affected as compared to frontline stocks. BSE Midcap and Smallcap indices ended 2.01 per cent and 1.4 per cent lower respectively. Biggest Sensex losers comprised Jaiprakash Associates (-8.48%), Tata Consultancy Services (8.03%), Satyam Computer (-7.19%), Infosys Technologies (-7.18%), Larsen & Toubro (-6.89%) and Reliance Infrastructure (-6.28%). Ambuja Cements (1.9%), HDFC Bank (1.21%), Hindalco Industries (1.01%), Bharti Airtel (0.44%) were the only gainers. Market breadth remained weak through the day. On BSE, 1655 declines outnumbered 995 advances, while on NSE, there were 318 gainers and 921 losers.

17 June 2008

ET Stories and Results

http://economictimes.indiatimes.com/

Inflation may hit double-digit:

RBI allows Sahara to accept deposits maturing till June 2011
World will run out of Internet addresses by 2010

Nifty June discount widens / Voltas buys 50 pc stake in JV firm with Fedders International

Tata Steel forms JV for Orissa power project
KEC secures Rs 160 cr contract from NTPC

L&T in talks to acquire Crompton's projects biz

Sensex adds 300 pts on global cues, short covering

FIIs invest in shares worth Rs 142.36 crore

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Rediff.com

Anil Ambani eyes over 40% MTN pie

Spotted: Warren Buffet in OmahaWarren Buffett's 6 smart tips

Ganesh Natarajan's Tech BlogAll about insider trading

States to roll back jet fuel tax cutsHow oil prices are hurting economy

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Results from Indiaearnings.com

Tata Comm Q4 stand net profit at Rs 58.9 cr

BPCL Q4 net profit at Rs 58.4 cr

Zee Entertainment FY08 net profit at Rs 416 cr

SREI Infra FY08 net profit at Rs 135 cr

Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

23 January 2008

ET, Moneycontrol Stories

http://www.moneycontrol.com


Sensex sees biggest intra-day gain ever

Stocks that gain over 25% in today's trade
Fed cuts and Sensex: How the latter reacts?
Mkts bounce back: What are experts saying?
FIIs turn positive in today's trade
Funds not facing redemption heat: Kotak
Unlike West, Indian growth strong: ICICI
How are bankers reacting to Fed rate cut?


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Goldman,Lehman buy Entertainment Network unit stake
Infosys fines its CEO for voilating insider trading rules
PepsiCo's Nooyi to head Indo-US trade council

RBI to cut interest rates : FICCI

Rolta acquires TUSC for $45 mn
L&T gets orders worth Rs 1057 crore
L&T, Lockheed in JV talks for developing Mark 41 Vertical Launching Systems
Elecon Engineering bags Rs 47.54 cr orders

Sobha Developers to develop B'lore project
RBI may not automatically cut rates on US Fed cut

History Repeats: Investors fail to learn much from past mistakes
Impact on India of Fed's rate cut
Markets have more than one reason for a rebound
Bulls snap 7-day losing streak
India remains most bullish market in Asia-Pacific: ING
Investors recover over Rs 3 trillion


Wockhardt Hospitals' IPO on Jan 31
It's wait & watch for planned IPOs
CRISIL assigns highest IPO grade to Acme Tele Power
Upcoming IPOs look overpriced compared to their listed peers
Reliance Power IPO: Banks face stop-payment calls
Emaar MGF to raise up to Rs 7,077 cr from IPO


Source: Economic TImes.com, Moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

19 January 2008

ET, Moneycontrol Updates

http://economictimes.indiatimes.com/


Reliance Power issue price fixed at Rs 450
Reliance Power IPO lights up rural Maharashtra
Women line up for Reliance Power IPO
R-Power IPO overbooked 72.7 times


REL Power, L&T qualify for Talwandi Sabo power project
Jet Airways to start Mumbai-San Francisco service via China
TRAI to come out with consultation paper on fate of ADC
Amtek Auto to supply engine parts for Tata Nano
Auto firms should focus on electricity driven motors
RBI pumps in Rs 54 billion into market

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Moneycontrol.com

ICICI Bank Q3 net profit up at Rs 1230 c...
Mkts to look for cues from Budget next month: Kotak AMC
Mkts likely to see near-term pressure: SBI MF
Mkts should see support at 19K: StanChart Bk
BSE smallcap index: Top gainers and losers
Rel Power IPO subscribed 73x

Wipro sees 7% sequential growth in US
ICICI Bk to complete ICICI Sec IPO by April-June
Mkts to look for cues from Budget next month: Kotak AMC
Wall Street ends lower; Dow slips 60 points
Bad day of trade: 87 advances to 1,148 declines




Source: Economic Times, Moneycontrol. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

17 January 2008

ET, Myiris Stories

Economic Times

Market correction leads to sell-off
Harish Manwani of Unilever named top Asian business leader
Reliance Petro appoints Chevron's VP as director
Ranbaxy to spin off research unit in 2nd half
Tata Steel enters JV with Oman firm

L&T SCPL announces launch of integrated township
HCC bags Rs 375.38 cr from Indian Strategic Petroleum Reserves
Annual inflation seen at 3.55% on Jan 5
'Exports may rise to $150 billion in 2007-08'
EEPC export target intact at $30 bn

Bears show no respite; Sensex slumps 383 points
Indices fail to recover losses as RIL's nos disappoint
Reliance Power IPO subscribed 20.84 times
Rs 4,000 crore Cybercity project at Kochi
RBI takes forward route to control rising Re

Indian employees to get highest salary hike in 2008
RBI takes steps to control rising Re

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Myiris.com

Brokers` outlook: Market may open in red on Friday
Religare to enter in AMC biz in JV
Pyramid Saimira to raise USD 400 mn
Emco net rises 52.62% in Dec `07 qtr

Edelweiss plans to pump in Rs 4 bn in its financing arm
HT Media net rises 9.80% in Dec `07 qtr
NIIT enters into strategic alliance with ETS
Brigade Enterprises inks pact with Sheraton Hotels

Brigade Enterprises inks pact with Sheraton Hotels
Steel Strips bags first export order
Modern India fixes record date for stock split
Sterlite Energy`s IPO to hit markets soon

Ispat may supply steel for `Nano`


Source: Myiris.com, Economic Times. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

15 January 2008

ET, Rediff Stories

http://economictimes.indiatimes.com/headlines.cms


ICICI Venture arm to invest Rs 65 crore in Medica Synergie
Reliance Power IPO likely to generate surplus money for banks

My father would have been a happy man: Anil Ambani on REPL IPO
Cals to raise $250 mn through FCCBs
Saudi oil minister concerned about low inventories
Essar Oil picks 50% in Kenya Petroleum
Sizzling crude prices to hurt oil retailers most
GAIL to lay Rs 25,00 cr gas pipeline from Dabhol to Bangalore
Essar Oil buys 50 pct in Kenya Petroleum

Navratna status to NMDC in a few days: Paswan
Subhash Projects bags Rs 145-crore orders
Angel investors for start-up ventures
India tops with 160 PE fund houses, China has 115
Heard on the street: Patel Engineering, XL Telecom, Jhunjhunwala Vanaspati

Reliance Power IPO trades at 80% premium in grey market
Reliance IPO subscribed over 6 times in 1 hr
Reliance Power IPO subscribed 9.37 times
J Kumar Infraprojects IPO to open Jan 18
Future Capital IPO gets subscribed 27 times till third day
Reliance Power IPO: HNI segment oversubscribed 7.4 times
Avesthagen to tap capital market for Rs 1,200 crore
Broking houses advise caution on Reliance Power issue


Anil's IPO gets better first-day response than Mukesh's
Reliance Power IPO makes history with huge first day demand
Reliance Power IPO beats expectations

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Rediff.com

Anil Ambani set to be richest Indian? RPL IPOLaptops at Rs 14,000 from HCL Tata NanoRolls-Royce sold 11 Phantoms in India in 2007Slide show: Who invented the Jaipur foot?Opening a bank a/c? Buy insurance first!Some fantastic cars, bikes on way to India!



Source: Economic Times, Rediff. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

14 January 2008

ET, Myiris.com Stories

Economic Times

Indian funds dominate world's top 100 list in 2007
ICICI Bank aims to be among world's top 10 within 5 years
Jaiprakash Associates Ltd lowest bidder for Ganga Expressway


Oil storages as insurance in India
PM eyes more trade with China
Economy to grow 9.1% in '08-'09: CMIE
China help to India's trade deficit
Cords Cable IPO opens Jan 21

Stocks to pick this week
Govt considering IPO for BSNL: Raja
Promoters brings in Rs 1,440 cr in Reliance Power IPO
Khoday India to acquire US firm
Clear Investments , PFC to float $1 bn PE fund

JM Financial ups stake in XL Telecom
Mid-caps back in action as frontliners pause
HAL may fly into stock market

Era Constructions India Q3 net profit up 39%
HB Stockholdings Q3 net profit at Rs 30.06 cr
Welcast Steels Q3 net sales up 16%
Jhunjhunwala Vanaspati Q3 net profit up 59%
Second rung shares back in action; BSE Smallcap Index up 1.5%
Prime Securities Q3 net profit up 324%
Exide Oct-Dec net profit up 58% on year
SBI rights issue at Rs 1,590/share; ratio 1:5
State Bank of Bikaner & Jaipur Q3 net profit up 19%
Porwal Auto closes at Rs 79.65


Porwal Auto Components lists at 6% premium
First Custodian Fund India Q3 net profit up 55.23%
Jay Bharat Maruti Q3 net profit up 27%
Apollo Sindhoori Q3 net profit up 214.14%
Malar Hospitals' Q3 net profit at Rs 57.40 lakh
Pioneer Distilleries Q3 net profit up 255%
Vikas WSP Q3 net profit up 66%
CMC Q3 net profit falls 3%
Ansal Housing gets shareholders nod for raising Rs 72 cr
Reliance Industries shares up 3% on coal liquefaction project
Monnet Ispat Q3 net profit falls 22% on year
Cords Cable IPO opens Jan 21; priced Rs 125-135/share


ET Features
Investor's Guide
It's a material world
Stocks to pick: Reliance capital,Axis Bank, Moser Baer, Shree Cement
Future Capital Holdings raising funds to expand retail financial services business
Aries Agro's blooming glory
Hotel Leela Venture is rolling out the red carpet
ICICI comes to Sensexbs rescue
Precision Pipes on the fast track

Reliance Power IPO good bet for investors
Restricted Zone
Wait for Q3 results for decision on Manaksia stocks
For IT, numbers say it all
Assam Company all set to turn over a new leaf
Patience is the key for traders

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Myiris.com

ONGC, Hindujas to invest USD 10 bn in Iran
Infy, Cognizant in fray for mega outsourcing deal from Wal-Mart
House of Pearl to buy 75% stake in HK-based co.
Emkay puts `ACCUMULATE` rating on Infosys Technologies
Power Grid & IL&FS forms JV to undertake transmission works
Puravankara to launch over Rs 12 bn project in Chennai


Source: Myiris.com, Economic Times. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

10 January 2008

ET, Moneycontrol Articles

http://economictimes.indiatimes.com/headlines.cms


India ICICI Bank plans to list subsidiaries-report
Carlyle invests $27.7 mn in India's Repco Home
Infoline lures Kotak execs with sign-on bonuses

Jindal Drilling to enter oil exploration: MD
L&T bags Rs 3,560-cr contracts
Railways to unlock land to generate over Rs 10,000 crore
Jagson to buy 6 aircraft; start chopper services for pilgrims
Bharati Shipyard to build greenfield shipyard near Dabhol
India pips China on PE investment in Asia

Investors lose Rs 2 trillion amid heavy selling
Heard on the street
RITES to come up with IPO
Rites on track to shed 28% via IPO
SBI Life plans to go public in 2009

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Moneycontrol.com

Correction inevitable, mkts to stay volatile: JPMorgan AMC
Tata's 'Nano' launched; dealer price Rs 1 lakh
Edelweiss sees positive flows from int'l mkts
Nano to get 10% of 2-wheeler mkt: A Rathi

Infosys Q3 net seen up 7% to Rs 1176.5 cr
Watch out for ELSS!
Sweet times for sugar sector!
Tele tariffs to come down with new players
Ispat should not fall too much now

Precision Pipes may open with Rs 15-30 premium
Aries Agro likely to list around Rs 155-175: Experts
Apply for Future Capital Holdings IPO: Experts



Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

29 December 2007

ET, Myiris Updates

The Economic Times

IPOs set the Indian market sizzling in 2007
Weekend Platter Analysts'picks
Rich Indian tourists making a beeline for Malaysia
Finance Minister expects more bids for IFCI
Wipro named leader in SAP implementation services

Buyout rumours boost Cairn stock
IFCI's board's decision correct: FM
R Pillai is first executive on Reliance Retail board
IIMs set to hike fees from next session
Harry Potter book, DVD tops Amazon's '07 best-sellers list

Analysts' picks: M&M, Tulip IT Services, Alstom Projects India and L&T
Indiabulls, SocGen arm form life insurance JV
High five: 5 Best world cinema
High five: 5 best books
Web, outsourcing make freelancing an attractive career option

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Myiris.com

Renaissance Jewellery arm launches new Victorian collection
Vijaya Bank likely to raise Rs 3 bn in Q4
Textile sector among the worst-hit by rupee rise
NTPC in talks with Bharat Forge for JV
Maruti 800 to compete with Tata`s Rs 1 lakh car
OIL to infuse Rs 45 bn in next two years for expansion

ITC`s Fortune Park on expansion mode
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31

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Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

06 December 2007

World News: AOL, ET

http://money.aol.com


Bush to Unveil Mortgage Relief Plan
President Bush is expected to outline a plan to freeze mortgage rates for five years for many homeowners facing sharp increases in their monthly payments, sources say. Officials fear that if nothing is done, half-a-million borrowers risk losing their homes.

Jobless Claims Make Big Drop
Coca-Cola CEO Isdell Steps Down in July
Retailers Post Sluggish November Sales
Toll Brothers Drops to 4th-Quarter Loss
5-Year Mortgage Rate Freeze Looms
Bank of England Cuts Interest Rates
ECB Holds Steady After BoE Cuts Key Rate

***********************************************
Economic Times.Com


China Baosteel, Sinosteel ink raw materials deal
China wants rich nations to support tech fund
London woos Indian firms with 'free space'
UK home prices fall in November
US airlines to cut capacity
EU slaps fines on 5 chemical giants
US Treasury chief urges China to revalue currency
East Asian trade strategy seen as wake up call for US
Global techology spending growth to slow in 2008: IDC
GE says wants to continue alliance with Safran
Arcelor Mittal plans $700 mln Kazakh investment: CEO


Slovenia paint producer Helios buys Ukrainian Avrora
Climate talks: Japan's pro-US stance draws flak
US regulators, lenders may opt for five-year freeze on subprime rate
China may tighten money market to cool economy
South America plans rival to IMF, World Bank
Bush set to unveil plan to battle subprime crisis
Bush for freezing certain subprime rates for 5 yrs
RBS profits to beat forecasts, $2.5 bln writedown
Russian steel maker NLMK buys $600 mn Maxi stake
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy



Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

27 November 2007

ET, Myiris Top Stories

The Economic Times

Mundra Port & SEZ lists at 75% premium
SBI, LIC & UTI AMC to manage pensions
Futures trade banned in RPL; Chevron says evaluating options
Satellite towns may rejuvenate mega cities
'RBI monitoring money supply carefully'
DCM Shriram open offer price boosted
India ranks 128th on HDI Index
PVR locked at 20% upper circuit
Religare maintains 'buy' on DS Kulkarni

NTPC, Airtel, L&T top study on infrastructure companies in 2007
Tata, Mittal, Nooyi among world's Top 25 business heads
Reliance Power to be awarded Krishnapatnam UMPP
Allahabad Bank to open 15 branches in Punjab
ICICI Bank, HDFC Bank may be 'foreign'
Philips to buy Genlyte for $2.7 bn
Bharat Heavy Electricals wins Rs 40 bn contracts
KEC Intl bags projects in Saudi Arabia, Namibia
JSW plans to invest Rs 7,500 crore in TN

Govt to review FDI limits in broadcast sector
Parsvnath may team up with Turkish co for airport biz
Crest Animation shares up 9% on overseas foray buzz
Reliance Power IPO clouds grey market
UK's Rutley Capital eyes $1 bn India housing fund
Birla Sun Life enters into alliance with Angel Broking
PS Group lines up about Rs 11,000 cr for services, IT SEZs


www.myiris.com

Brokers Outlook: Market may cross 19,400 on Wednesday
DLF & Adrian Zecha partners to acquire AMAN Resorts
GMR Infrastructure arm to acquire Nepal based firm
ORG Informatics acquires Belgacom`s satellite business
Infosys Technologies delivers two new services to Microsoft
Asian Hotels to venture into power generation biz.
Aftek Q2 net climbs 14.18%; revenue up 12.49%
Shringar Cinemas`s arm ties up with Pyramid Saimara
KEC Int`l bags two contracts worth Rs 4 bn
India may be 3rd largest banking hub in the world by 2040
Indiabulls to join the bandwagon, plans retail foray
Chevron may exit RPL



Source: http://www.theeconomictimes.com and www.myiris.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.