http://money.rediff.com/money/jsp/weekly_gainer.jsp
Weekly Gainers
Last updated: 07 Dec, 16:01
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
FDC Ltd. A 30.50 42.30 38.69
+
Chambal Fertilis A 62.50 85.35 + 36.56
+
Ispat Industries A 51.45 70.25 + 36.54
+
Punj. TractorsA 202.00 251.75 + 24.63
+
HTMT Global Solution A 484.95 602.70 + 24.28
+
Geometric Ltd.A 71.60 87.35 + 22.00
+
Apollo TyresA 41.85 50.70 + 21.15
+
JSW SteelA 1,009.05 1,206.25 + 19.54
+
Ramco Systems Lt A 146.60 174.30 + 18.89
+
JB Chemicals&Pharma A 64.35 75.65 + 17.56
+
Tata Chemicals A 311.75 364.55 + 16.94
+
Sterlite Technologie A 307.10 356.00 + 15.92
+
Maha. Seamless A 500.25 574.45 + 14.83
+
Alstom Projects Ind.A 939.50 1,076.45 + 14.58
+
IVR Prime Urban Dev. A 391.90 447.85 + 14.28
+
Ingersoll Rand A 303.00 344.60 + 13.73
+
Omaxe Ltd.A 434.80 493.80 + 13.57
+
Jammu & Kashmir Bank A 731.70 830.00 + 13.43
+
Polaris Software A 109.60 124.30 + 13.41
+
Tata Power Co. A 1,172.30 1,323.70 + 12.91
+
Pfizer Ltd. A 647.30 730.70 + 12.88
+
T Nadu Newsprint A 117.00 131.60 + 12.48
+
CMC Ltd.A 979.70 1,099.10 + 12.19
+
Parsvnath Developers A 354.20 396.95 + 12.07
+
Bharat Forge Ltd A 313.95 351.60 + 11.99
+
Ashok Leyland A 44.80 50.15 + 11.94
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JSW Holdings Ltd. B1 867.60 1,662.75 + 91.65
+
Essar Shipping B1 53.90 94.60 + 75.51
+
Nagreeka Capital & I B1 100.20 171.15 + 70.81
+
Nandan Exim B1 3.89 6.42 + 65.04
+
Pentamedia Graph T 5.30 8.49 + 60.19
+
Allied Computers Int B1 39.50 59.90 + 51.65
+
Lawreshwar Polymers B1 8.80 13.34 + 51.59
+
Accel Frontline B1 82.20 122.95 + 49.57
+
Piramyd Retail B1 68.90 103.05 + 49.56
+
Four Soft Ltd. T 40.30 58.50 + 45.16
+
Vinyl Chemicals T 19.05 27.45 + 44.09
+
Essar Steel B1 47.15 67.85 + 43.90
+
Aztecsoft B1 49.65 70.60 + 42.20
+
Sakuma Exports B1 14.92 21.03 + 40.95
+
Trigyn Technolog T 23.35 32.85 + 40.69
+
SB&T International T33.55 46.80 + 39.49
+
IVP Limited B1 57.85 80.35 + 38.89
+
Mukand Ltd. B1 84.15 116.20 + 38.09
+
Morepen Labs.Lt T 16.25 22.25 + 36.92
+
Videocon Applia. B1 30.20 41.30 + 36.75
More@ www.rediff.com
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This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
08 December 2007
India 3rd largest economy , after USA , China: Myiris.ComIndia 3rd largest economy , after USA , China: Myiris.Com
India 3rd largest economy , after USA , China
India emerges as the 3rd largest economy in terms of Purchasing Power Parity (PPP), with its share in the world GDP growing to 6.4% in 2006.
Only USA and China are ahead of India, according to the mid -year review tabled in parliament on Dec. 7, 2007.
The Review says that the economic activity expanded at a substantial pace during the first half of the current fiscal. Industry remained one of the main drivers of the economic growth, but it moderated to 9.2 % during April to September 2007 as compared to 11.1 % during the same period last year.
Exports in Dollar terms continued to maintain a healthy growth of 18.5 % despite appreciating Rupee. The review unveils that high returns on equity and higher interest rates with rise in global private capital flows have resulted in the country receiving large capital. This includes Foreign Direct Investments (FDI), Portfolio Investments (PI) and External Commercial Borrowings (ECB).
In the 10th Five Year Plan, the GDP growth averaged 7.6% annually, which is higher than the growth of 5.5% in the 9th Plan. The Per Capita Income (PCI) growth average at 6.1% per annum in the 10th Plan as against 3.4% in the previous plan.
Service sector continues to be mainstay of the economy and the resurgence in industrial activity has provided stability to the growth process.
Source: 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 given. Blog is not responsible for any faulty information.
India emerges as the 3rd largest economy in terms of Purchasing Power Parity (PPP), with its share in the world GDP growing to 6.4% in 2006.
Only USA and China are ahead of India, according to the mid -year review tabled in parliament on Dec. 7, 2007.
The Review says that the economic activity expanded at a substantial pace during the first half of the current fiscal. Industry remained one of the main drivers of the economic growth, but it moderated to 9.2 % during April to September 2007 as compared to 11.1 % during the same period last year.
Exports in Dollar terms continued to maintain a healthy growth of 18.5 % despite appreciating Rupee. The review unveils that high returns on equity and higher interest rates with rise in global private capital flows have resulted in the country receiving large capital. This includes Foreign Direct Investments (FDI), Portfolio Investments (PI) and External Commercial Borrowings (ECB).
In the 10th Five Year Plan, the GDP growth averaged 7.6% annually, which is higher than the growth of 5.5% in the 9th Plan. The Per Capita Income (PCI) growth average at 6.1% per annum in the 10th Plan as against 3.4% in the previous plan.
Service sector continues to be mainstay of the economy and the resurgence in industrial activity has provided stability to the growth process.
Source: 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 given. Blog is not responsible for any faulty information.
Weekly Wrap Up: Sensex gains 602.81 pts : Myiris.com
Weekly Wrap Up: Sensex gains 602.81 pts in the week
India`s benchmark 30 share index, BSE Sensex gained 602.81 points to 19,966.00, over the week ended December 08, while the broad based NSE Nifty climbed 131.9 points to 5,934.60 in the same period.
On Monday, The BSE Benchmark index, Sensex opened on a strong note, extending the last week`s positive sentiments and upward trend. Sensex opened with a positive gap of 183 points at 19,547.09 and touched an intraday high of 19,619.44. Heavy buying interest was seen across the sector. The broadbased rise in the market was led by consumer durables, oil and gas, power, metal and auto stocks. BSE Sensex closed with a gain of 240.22 points, or 1.24%, at 19,603.41, while the broad-based NSE Nifty closed at 5,865 up 102.25 points.
On Tuesday, The BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks. The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.BSE Sensex closed with a loss of 73.91 points, or 0.38%, at 19,529.50, while the broad-based NSE Nifty closed at 5,858.35, down 6.65 points.
On Wednesday, the BSE Benchmark index, Sensex opened positive at 19,628.85 and continued to trade firm in the morning trades. The index shed some of its gains in the noon trades however, it gained strength later backed by sustained buying activity in frontliners. It touched a high of 19,790.92 to finally close on a strong note. BSE Sensex closed with a reasonable gain of 208.57 points, or 1.07%, at 19,738.07, while the broad-based NSE Nifty closed at 5,900.05, up 41.7 points.
On Thursday, the BSE Benchmark index, Sensex breached 20,018.17 and touched an intraday high of 20,064.31 in the opening trades on account of heavy buying interest in bluechip stocks, in funds and on global cues. The index was rangebound in the noon trades. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive to close firm.BSE Sensex closed with a gain of 57.80 points, or 0.29%, at 19,795.87, while the broad-based NSE Nifty closed at 5,957.70, up 14.7 points.
On Friday, the BSE Benchmark index, Sensex opened above 20,063.50 and touched an intraday high of 20,094.56 in the opening trades backed by heavy buying interest in frontline stocks and on global cues. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive and regained its strength to close on a firm note.BSE Sensex closed with a gain of 170.13 points, or 0.86%, at 19,966.00, while the broad-based NSE Nifty closed at 5,934.60, down 20.1 points.
Corporate Announcement
Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.Infocrossing Healthcare Services, a wholly-owned subsidiary of Wipro, received a multi-year contract to provide services to Missouri`s MO HealthNet program.New Delhi-based Parsvnath Developers bagged Rs 470 million worth contract for construction of Footwear Design & Development Institute, Fursatganj Rae bareli, Uttar Pradesh. Axon Infotech announced that the company acquired 51% stake in Bangalore-based Quasar Innovations.House of Pearl Fashions (HOPFL) acquired 50% stake in the UK-based marketing company, FX Imports, through its subsidiary in the UK - Poeticgem. Maharashtra Seamless (MSL) is close to acquiring the seamless pipes plant of SC Republica in Romania for around Rs 2.5 billion
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.01% for the week ended November 24, as against 3.21% in the previous week. The annual rate of inflation stood at 5.55% a year ago.
Re-listing:
Silverline Technologies got relisted on the Bombay Stock Exchange (BSE) .The Mumbai-headquartered company, which also was the first New York Stock Exchange (NYSE)-listed Indian IT services company, had hit rock bottom in 2003-04.
Source: 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 given. Blog is not responsible for any faulty information.
India`s benchmark 30 share index, BSE Sensex gained 602.81 points to 19,966.00, over the week ended December 08, while the broad based NSE Nifty climbed 131.9 points to 5,934.60 in the same period.
On Monday, The BSE Benchmark index, Sensex opened on a strong note, extending the last week`s positive sentiments and upward trend. Sensex opened with a positive gap of 183 points at 19,547.09 and touched an intraday high of 19,619.44. Heavy buying interest was seen across the sector. The broadbased rise in the market was led by consumer durables, oil and gas, power, metal and auto stocks. BSE Sensex closed with a gain of 240.22 points, or 1.24%, at 19,603.41, while the broad-based NSE Nifty closed at 5,865 up 102.25 points.
On Tuesday, The BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks. The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.BSE Sensex closed with a loss of 73.91 points, or 0.38%, at 19,529.50, while the broad-based NSE Nifty closed at 5,858.35, down 6.65 points.
On Wednesday, the BSE Benchmark index, Sensex opened positive at 19,628.85 and continued to trade firm in the morning trades. The index shed some of its gains in the noon trades however, it gained strength later backed by sustained buying activity in frontliners. It touched a high of 19,790.92 to finally close on a strong note. BSE Sensex closed with a reasonable gain of 208.57 points, or 1.07%, at 19,738.07, while the broad-based NSE Nifty closed at 5,900.05, up 41.7 points.
On Thursday, the BSE Benchmark index, Sensex breached 20,018.17 and touched an intraday high of 20,064.31 in the opening trades on account of heavy buying interest in bluechip stocks, in funds and on global cues. The index was rangebound in the noon trades. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive to close firm.BSE Sensex closed with a gain of 57.80 points, or 0.29%, at 19,795.87, while the broad-based NSE Nifty closed at 5,957.70, up 14.7 points.
On Friday, the BSE Benchmark index, Sensex opened above 20,063.50 and touched an intraday high of 20,094.56 in the opening trades backed by heavy buying interest in frontline stocks and on global cues. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive and regained its strength to close on a firm note.BSE Sensex closed with a gain of 170.13 points, or 0.86%, at 19,966.00, while the broad-based NSE Nifty closed at 5,934.60, down 20.1 points.
Corporate Announcement
Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.Infocrossing Healthcare Services, a wholly-owned subsidiary of Wipro, received a multi-year contract to provide services to Missouri`s MO HealthNet program.New Delhi-based Parsvnath Developers bagged Rs 470 million worth contract for construction of Footwear Design & Development Institute, Fursatganj Rae bareli, Uttar Pradesh. Axon Infotech announced that the company acquired 51% stake in Bangalore-based Quasar Innovations.House of Pearl Fashions (HOPFL) acquired 50% stake in the UK-based marketing company, FX Imports, through its subsidiary in the UK - Poeticgem. Maharashtra Seamless (MSL) is close to acquiring the seamless pipes plant of SC Republica in Romania for around Rs 2.5 billion
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.01% for the week ended November 24, as against 3.21% in the previous week. The annual rate of inflation stood at 5.55% a year ago.
Re-listing:
Silverline Technologies got relisted on the Bombay Stock Exchange (BSE) .The Mumbai-headquartered company, which also was the first New York Stock Exchange (NYSE)-listed Indian IT services company, had hit rock bottom in 2003-04.
Source: 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 given. Blog is not responsible for any faulty information.
07 December 2007
ET Business stories
The Economic Times
Govt restores bonus on PO savings
Govt may allow 10% of private provident fund in stocks
Huge capital inflows may trip growth: Mid-Year Review
DIAL ties up Rs 4,940 cr loan from 12 banks
Inflation cools to 3.01 pc
High forex inflows can endanger growth
Max India to infuse over Rs 1,950 cr in Max New York Life
D-St Review
Maruti to hike prices across all models from next month
Fitch assigns negative outlook to UCO Bank
Essar Power to divest 10% to PEs for $700 m
Kuwait Petro, RIL plan petro complex
M&M pips Tatas, L&T for BAE's defence venture in India
Good looking people get better job
16 more set to join spectrum queue as Dot readies LoIs
India can move up 55 places in Doing Business Index: IFC
'India will become hub for world manufacturing industry'
India, Pakistan in Top 20 of global bribery list
Heard on the street: Eicher Motors, Epic Energy, Geodesic, Subex
Religare Picks: Ispat Industries, Hindustan Construction
Seasoned players bet on mid-caps ahead of NFOs
BoE cuts rates in 2 years; hopes inflation will slow
Tax collections record unprecedented growth: Chidambaram
VC investments jump five-fold to $777 mn till Sept
Source: www.theeconomictimes.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 given. Blog is not responsible for any faulty information.
Govt restores bonus on PO savings
Govt may allow 10% of private provident fund in stocks
Huge capital inflows may trip growth: Mid-Year Review
DIAL ties up Rs 4,940 cr loan from 12 banks
Inflation cools to 3.01 pc
High forex inflows can endanger growth
Max India to infuse over Rs 1,950 cr in Max New York Life
D-St Review
Maruti to hike prices across all models from next month
Fitch assigns negative outlook to UCO Bank
Essar Power to divest 10% to PEs for $700 m
Kuwait Petro, RIL plan petro complex
M&M pips Tatas, L&T for BAE's defence venture in India
Good looking people get better job
16 more set to join spectrum queue as Dot readies LoIs
India can move up 55 places in Doing Business Index: IFC
'India will become hub for world manufacturing industry'
India, Pakistan in Top 20 of global bribery list
Heard on the street: Eicher Motors, Epic Energy, Geodesic, Subex
Religare Picks: Ispat Industries, Hindustan Construction
Seasoned players bet on mid-caps ahead of NFOs
BoE cuts rates in 2 years; hopes inflation will slow
Tax collections record unprecedented growth: Chidambaram
VC investments jump five-fold to $777 mn till Sept
Source: www.theeconomictimes.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 given. Blog is not responsible for any faulty information.
World News: ET, AOL
Economic Times
Arcelor Mittal plans $700 mln Kazakh investment: CEO
Ford recalls 1.2 mn trucks for engine system flaw
Royal Bank of Scotland to beat profit forecasts
Cathay to buy 8 Airbus aircraft for $1.7 bn
ArcelorMittal buys Slovak co OFZ
Hyundai Steel signs tech deal with German co
A realistic prescription for health care: PAIN
Kent to take over reins from Isdell at Coca-Cola
Japan cuts third-quarter growth estimate
New US subprime plan has troubling loopholes
Volkswagen recalls 4,076 imported Audi SUVs in China
Dow Jones CEO to leave; News Corp to complete takeover
Iran to invest $480 bn in oil and gas over 28 years
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy
Motorola investment in WiMax much bigger than LTE
MGM to invest $866 mn in SKorea theme park
Air France-KLM makes first move on Alitalia
Chrysler sees $1.6 bn loss
Russia's Rosneft plans IPO
Bristol-Myers to shut half of its plants in 3 years
US tries to prolong growth with subprime rate freeze
US subprime aid plan to ease housing slump, but at a price
ArcelorMittal plans $1.7 bn buyout of China Oriental
Taiwan's UMC Nov sales go up 3.9%
China to keep tight grip on investment
-----------------------------------------------------------
http://money.aol.com/marketnews
Solid Job Gains, Wage Growth in Nov.
Stock Futures Rise After Payroll Data
Macrovision to Buy Gemstar-TV Guide
Consumer Confidence Near 2-Year Low
Oil Rises on Tough US Talk on Iran
Trade, Food Safety in US-China Talks
Murdoch's Son Promoted at News Corp.
No Quick Fix for Subprime Mortgages
ArcelorMittal to Bid for China Oriental
China: US Should Take Lead on Climate
Source: Above sites/blogs. 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 given. Blog is not responsible for any faulty information.
Arcelor Mittal plans $700 mln Kazakh investment: CEO
Ford recalls 1.2 mn trucks for engine system flaw
Royal Bank of Scotland to beat profit forecasts
Cathay to buy 8 Airbus aircraft for $1.7 bn
ArcelorMittal buys Slovak co OFZ
Hyundai Steel signs tech deal with German co
A realistic prescription for health care: PAIN
Kent to take over reins from Isdell at Coca-Cola
Japan cuts third-quarter growth estimate
New US subprime plan has troubling loopholes
Volkswagen recalls 4,076 imported Audi SUVs in China
Dow Jones CEO to leave; News Corp to complete takeover
Iran to invest $480 bn in oil and gas over 28 years
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy
Motorola investment in WiMax much bigger than LTE
MGM to invest $866 mn in SKorea theme park
Air France-KLM makes first move on Alitalia
Chrysler sees $1.6 bn loss
Russia's Rosneft plans IPO
Bristol-Myers to shut half of its plants in 3 years
US tries to prolong growth with subprime rate freeze
US subprime aid plan to ease housing slump, but at a price
ArcelorMittal plans $1.7 bn buyout of China Oriental
Taiwan's UMC Nov sales go up 3.9%
China to keep tight grip on investment
-----------------------------------------------------------
http://money.aol.com/marketnews
Solid Job Gains, Wage Growth in Nov.
Stock Futures Rise After Payroll Data
Macrovision to Buy Gemstar-TV Guide
Consumer Confidence Near 2-Year Low
Oil Rises on Tough US Talk on Iran
Trade, Food Safety in US-China Talks
Murdoch's Son Promoted at News Corp.
No Quick Fix for Subprime Mortgages
ArcelorMittal to Bid for China Oriental
China: US Should Take Lead on Climate
Source: Above sites/blogs. 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 given. Blog is not responsible for any faulty information.
Other Blog Roundups, News
http://www.deadpresident.blogspot.com
Faith for bulls, freeze for bears!
Market may remain positive
If you were watching CNBC
Bullish mood may continue
IPO Grey Market Premiums
IT, telecom stocks lead 170-points Sensex surge
JBF Industries
Congratulations - India is second most expensive
Post Market Commentary
--------------------------------------------------
Equitybulls.com
Cable Corporation Under Sea Power Link to be operational by New Year
GMR Infrastructure arm DIAL Signs Financial Documents with its Project Lenders
Titan Industries appoints M F Farooqui as Director & Chairman
Shristi Infrastructure Development Corporation Limited to list on December 10, 2007
Tata Elxsi forms subsidiary in Singapore
Alok Industries SEZ receives formal approval from Government
Sun TV launches FM station at Kozhikode (Calicut)
Rain Calcining Fixes Record Date for Scheme of Arrangement
Binani Cement Commences Commercial Production of Grinding Unit at Binanigram
EPIC Energy clarifies on Government Order News
Modern India Board to consider sub-division
Easun Reyrolle to use funds raised for business expansion
Century Extrusions Board to consider rights issue
UB Engineering Board to consider rights issue
Sanwaria Agro Board approves stock split
Repeal of ULCRA has no impact on Bombay Dyeing
Parsvnath Developers Receives contract worth Rs 47 Crores
CARE assigns AA Rating for Dewan Housing's NCRPS
RCom to offer Nation wide GSM services soon
Source: Above sites/blogs. 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.
Faith for bulls, freeze for bears!
Market may remain positive
If you were watching CNBC
Bullish mood may continue
IPO Grey Market Premiums
IT, telecom stocks lead 170-points Sensex surge
JBF Industries
Congratulations - India is second most expensive
Post Market Commentary
--------------------------------------------------
Equitybulls.com
Cable Corporation Under Sea Power Link to be operational by New Year
GMR Infrastructure arm DIAL Signs Financial Documents with its Project Lenders
Titan Industries appoints M F Farooqui as Director & Chairman
Shristi Infrastructure Development Corporation Limited to list on December 10, 2007
Tata Elxsi forms subsidiary in Singapore
Alok Industries SEZ receives formal approval from Government
Sun TV launches FM station at Kozhikode (Calicut)
Rain Calcining Fixes Record Date for Scheme of Arrangement
Binani Cement Commences Commercial Production of Grinding Unit at Binanigram
EPIC Energy clarifies on Government Order News
Modern India Board to consider sub-division
Easun Reyrolle to use funds raised for business expansion
Century Extrusions Board to consider rights issue
UB Engineering Board to consider rights issue
Sanwaria Agro Board approves stock split
Repeal of ULCRA has no impact on Bombay Dyeing
Parsvnath Developers Receives contract worth Rs 47 Crores
CARE assigns AA Rating for Dewan Housing's NCRPS
RCom to offer Nation wide GSM services soon
Source: Above sites/blogs. 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.
MoneyControl, Myiris Updates
Moneycontrol.Com
Praj gets Forbes Best Under A Billion Company in Asia
Mkt struggle to continue; Fed next trigger: Experts
20K is key level to watch out for on Sensex: CLSA
Apply for Transformers & Rectifiers IPO: Experts
Sector watch: Contributors and laggards
Markets see Fed rate cut btwn 25-50bps: ICICI Pru
Sugar looks bullish over medium-term: Commtrendz
NSE cuts derivative contracts mkt lot from Dec 28
US Prez suggests ways to tackle subprime woes
Unitech can touch Rs 565-570: Gaurang Shah
CEAT likely to invest Rs 1000cr in tyre plant, stk zooms
-------------------------------------------------------
Myiris.Com
Brokers` Outlook: Market may touch new high next week
Forex reserves up USD 1,239 mn
Centre tables bills for common taxation
DIAL inks key financial documents for loan
MF Global retains `Buy` on Greenply Industries
Tata Elxsi forms 100% subsidiary in Singapore
Alok Industries bags approval to set up textile SEZ
ArcelorMittal eyes China Oriental buyout
Inflation drops to 3.01%
HUL sells Modern Foods to Switz Group
Mercator Lines`arm set to launch IPO
RCom. receives nod to start GSM services in 14 circles
Unitech goes on expansion mode
DLF submits bid for Rs 300 bn Ganga expressway
Tata Power, Monnet Ispat, Jindal Photo to form JV for coal mine
IPO Review: Transformers & Rectifiers issue seems to be attractive
Source: Above sites/blogs. 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.
Praj gets Forbes Best Under A Billion Company in Asia
Mkt struggle to continue; Fed next trigger: Experts
20K is key level to watch out for on Sensex: CLSA
Apply for Transformers & Rectifiers IPO: Experts
Sector watch: Contributors and laggards
Markets see Fed rate cut btwn 25-50bps: ICICI Pru
Sugar looks bullish over medium-term: Commtrendz
NSE cuts derivative contracts mkt lot from Dec 28
US Prez suggests ways to tackle subprime woes
Unitech can touch Rs 565-570: Gaurang Shah
CEAT likely to invest Rs 1000cr in tyre plant, stk zooms
-------------------------------------------------------
Myiris.Com
Brokers` Outlook: Market may touch new high next week
Forex reserves up USD 1,239 mn
Centre tables bills for common taxation
DIAL inks key financial documents for loan
MF Global retains `Buy` on Greenply Industries
Tata Elxsi forms 100% subsidiary in Singapore
Alok Industries bags approval to set up textile SEZ
ArcelorMittal eyes China Oriental buyout
Inflation drops to 3.01%
HUL sells Modern Foods to Switz Group
Mercator Lines`arm set to launch IPO
RCom. receives nod to start GSM services in 14 circles
Unitech goes on expansion mode
DLF submits bid for Rs 300 bn Ganga expressway
Tata Power, Monnet Ispat, Jindal Photo to form JV for coal mine
IPO Review: Transformers & Rectifiers issue seems to be attractive
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10% pvt PFs in stocks may get nod: Rediff article
10% pvt PFs in stocks may get nod
The government may double to ten per cent the ceiling of retirement funds managed by private organisations for investing in listed companies, a move that could further boost the already bullish stock markets.The finance ministry is likely to take a final decision next week on allowing private provident funds, superannuation funds and gratuity funds to invest up to 10 per cent of their funds in listed shares.
"We had invited public comments on the proposed investment pattern for non-government provident funds, and would take a decision in this regard next week after studying the comments," a senior Finance Ministry official said on Friday.
If these guidelines are followed by private provident funds that have an aggregate investible amount of nearly Rs 300,000 crore (Rs 3000 billion), employees could expect higher yield on their savings as against the present rate of 8.5 per cent. The stock markets have given an average of 25-40 per cent returns in recent years.
The official said the investment pattern guidelines for non-government provident funds would be revised after about two-and-a-half years.The finance ministry has proposed that provident funds operated by firms could be allowed to invest their funds in shares of companies that have an investment grade debt rating from at least one credit rating agency or companies listed on BSE Sensex or NSE Nifty 50, besides in equity linked schemes of mutual funds regulated by SEBI.
Under the 2005 guidelines, these funds are allowed to invest up to five per cent of their funds in equity market. The union government had earlier given a go-ahead to the central public sector enterprises to invest up to 30 per cent of their surplus funds in the equity market.The finance ministry has maintained that keeping in view the developments in the stock market and tightening of regulations by SEBI, investment pattern of employees provident funds that are operated by employers need to be changed.
Notably, the Board of Trustees of the Employees Provident Fund had earlier rejected the finance ministry's suggestion to invest even up to five per cent of funds in stock market.
Sources said the finance ministry may also raise the limit of provident funds to invest in central and state government securities from 25 per cent to 35 per cent, besides in mutual funds which solely invest in government securities.
The finance ministry is also expected to allow private provident funds to invest up to 25 per cent of their money in bonds and term deposits of private sector banks as against only in public sector banks.However, it has proposed that these private banks where money would be deposited, should meet conditions of continuous profitability for three years and should not have non-performing assets more than 5 per cent of its net advances.
Private banks where employees money could be parked will also have to meet the condition of minimum net worth of Rs 200 crore (Rs 2 billion), sources added.
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Highlights of the Mid-Term Review
High growth sustained in first half of FY'08 at 9.1 pc
Must manage capital flow without hurting growth, prices
Must focus on agriculture and employment
Inflation eases below 4 per cent after 68 weeks
Percentage of 'Below Poverty Line' people declines to 22%
4.7 crore additional jobs created between 1999-2005.
Holding to growth with macro-economic stability a challenge
Improving competitiveness of industry, services a challenge
Must focus on disadvantaged groups not touched by growth
Consensus must for streamlining food, oil, fertilizer subsidy
Cost of neutralising capital flow impact Rs 8,200cr in FY08
Rupee rose 15.1 per cent against the dollar between Oct 2006-07.
Source: http://www.rediff.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.
The government may double to ten per cent the ceiling of retirement funds managed by private organisations for investing in listed companies, a move that could further boost the already bullish stock markets.The finance ministry is likely to take a final decision next week on allowing private provident funds, superannuation funds and gratuity funds to invest up to 10 per cent of their funds in listed shares.
"We had invited public comments on the proposed investment pattern for non-government provident funds, and would take a decision in this regard next week after studying the comments," a senior Finance Ministry official said on Friday.
If these guidelines are followed by private provident funds that have an aggregate investible amount of nearly Rs 300,000 crore (Rs 3000 billion), employees could expect higher yield on their savings as against the present rate of 8.5 per cent. The stock markets have given an average of 25-40 per cent returns in recent years.
The official said the investment pattern guidelines for non-government provident funds would be revised after about two-and-a-half years.The finance ministry has proposed that provident funds operated by firms could be allowed to invest their funds in shares of companies that have an investment grade debt rating from at least one credit rating agency or companies listed on BSE Sensex or NSE Nifty 50, besides in equity linked schemes of mutual funds regulated by SEBI.
Under the 2005 guidelines, these funds are allowed to invest up to five per cent of their funds in equity market. The union government had earlier given a go-ahead to the central public sector enterprises to invest up to 30 per cent of their surplus funds in the equity market.The finance ministry has maintained that keeping in view the developments in the stock market and tightening of regulations by SEBI, investment pattern of employees provident funds that are operated by employers need to be changed.
Notably, the Board of Trustees of the Employees Provident Fund had earlier rejected the finance ministry's suggestion to invest even up to five per cent of funds in stock market.
Sources said the finance ministry may also raise the limit of provident funds to invest in central and state government securities from 25 per cent to 35 per cent, besides in mutual funds which solely invest in government securities.
The finance ministry is also expected to allow private provident funds to invest up to 25 per cent of their money in bonds and term deposits of private sector banks as against only in public sector banks.However, it has proposed that these private banks where money would be deposited, should meet conditions of continuous profitability for three years and should not have non-performing assets more than 5 per cent of its net advances.
Private banks where employees money could be parked will also have to meet the condition of minimum net worth of Rs 200 crore (Rs 2 billion), sources added.
---------------------------------------------------------------------
Highlights of the Mid-Term Review
High growth sustained in first half of FY'08 at 9.1 pc
Must manage capital flow without hurting growth, prices
Must focus on agriculture and employment
Inflation eases below 4 per cent after 68 weeks
Percentage of 'Below Poverty Line' people declines to 22%
4.7 crore additional jobs created between 1999-2005.
Holding to growth with macro-economic stability a challenge
Improving competitiveness of industry, services a challenge
Must focus on disadvantaged groups not touched by growth
Consensus must for streamlining food, oil, fertilizer subsidy
Cost of neutralising capital flow impact Rs 8,200cr in FY08
Rupee rose 15.1 per cent against the dollar between Oct 2006-07.
Source: http://www.rediff.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.
Indian economy booms at 9.1% in H1: Rediff.Com
The Indian economy grew by 9.1 per cent in first half of 2007-08, says the Mid-Term Review tabled in Parliament on Friday.Striking a cautious note, the review said that managing copious capital flow, without hurting growth and price stability in the short-term would be a major challenge for the country.
The government warned that inflow of foreign funds was more than what the economy can absorb and was leading to appreciation of rupee, a situation that could endanger growth and price stability."Increased capital inflows can impact macroeconomic aggregates through the exchange rate, trade and monetary variables. This was particularly manifest in the first half of the current financial year and thus the management of capital inflows has been and is likely to remain an important issue," the Mid-Year Review 2007-08 said.
The review, tabled by Finance Minister P Chidambaram in Parliament, said that the Indian economy has been witnessing a robust growth for four years in a row now and buoyancy in the first half of this fiscal has reaffirmed continuation of this momentum.Even as the economy has been expanding at 9 per cent and above, the government admitted that growth needs to become more inclusive so that benefits of upswing could be shared by all sections of the society.
While the impetus to growth would continue to be provided by industry and services, growth in agriculture and absorption of labour in productive areas would need focused attention, it said.
Highlighting some of the key features, the Mid-Year Review said the Indian economy grew at 9.1 per cent in the first half of 2007-08 and inflation eased below 4 per cent after 68 weeks.
The growth has generally been inclusive, with the percentage of persons below poverty line declining from around 36 per cent of the population in 1993-94 to 28 per cent in 2004-05, it said.
More on............. Indian economy booms at 9.1% in H1 and
Highlights of the Mid-Term Review
Other Top Stories @ www.rediff.com
Sensex zooms & other highlights
Cheapest term-insurance plans
India added 168 new billionaires
Top 10 computer threats for 2008
Why stock traders lose money
Delhi has most millionaires in India
Information You Can Use
• JBIMS: Part-time PG prog
• TAPAI offers PGDM for 2008-10
• NIFT: August 2008 admissions
• Manmohan Singh scholarships
• Admissions: Manipal University
Source: http://www.rediff.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.
The government warned that inflow of foreign funds was more than what the economy can absorb and was leading to appreciation of rupee, a situation that could endanger growth and price stability."Increased capital inflows can impact macroeconomic aggregates through the exchange rate, trade and monetary variables. This was particularly manifest in the first half of the current financial year and thus the management of capital inflows has been and is likely to remain an important issue," the Mid-Year Review 2007-08 said.
The review, tabled by Finance Minister P Chidambaram in Parliament, said that the Indian economy has been witnessing a robust growth for four years in a row now and buoyancy in the first half of this fiscal has reaffirmed continuation of this momentum.Even as the economy has been expanding at 9 per cent and above, the government admitted that growth needs to become more inclusive so that benefits of upswing could be shared by all sections of the society.
While the impetus to growth would continue to be provided by industry and services, growth in agriculture and absorption of labour in productive areas would need focused attention, it said.
Highlighting some of the key features, the Mid-Year Review said the Indian economy grew at 9.1 per cent in the first half of 2007-08 and inflation eased below 4 per cent after 68 weeks.
The growth has generally been inclusive, with the percentage of persons below poverty line declining from around 36 per cent of the population in 1993-94 to 28 per cent in 2004-05, it said.
More on............. Indian economy booms at 9.1% in H1 and
Highlights of the Mid-Term Review
Other Top Stories @ www.rediff.com
Sensex zooms & other highlights
Cheapest term-insurance plans
India added 168 new billionaires
Top 10 computer threats for 2008
Why stock traders lose money
Delhi has most millionaires in India
Information You Can Use
• JBIMS: Part-time PG prog
• TAPAI offers PGDM for 2008-10
• NIFT: August 2008 admissions
• Manmohan Singh scholarships
• Admissions: Manipal University
Source: http://www.rediff.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.
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