What UPA left behind for itself to take forward

What UPA left behind for itself to take forward 11:13

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ET Bureau The new government that takes office later this week has its task cut out. Growth has slackened from a peak of 9.7% experienced in 2006-07. In the current fiscal, we can at best hope for 6% growth, unless the government acts with a sense of urgency in its first few months in office to remedy the situation. We need another reform stimulus, not just another fiscal stimulus. Reforms that were stuck for want of consensus in the government’s previous term must be pushed through. Here’s a look at some of the economy’s vital statistics, as the new government takes charge.

GDP growth

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Inflation 11:12

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Industrial growth 11:12

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Trade winds 11:11

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Tax collections 11:11

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More Stats@

http://economictimes.indiatimes.com/articleshowpics/4545617.cms




Other articles:
Invest based on fundamentals

Markets are bound to test your patience both when they move up or down but you can make money when you stick to your conviction.

• SIP route for small investors | How to review MF investments?
• Managing loan repayment | Interest rate movements?

Source: Economic TImes.com

India's Top 20 Web 2.0 websites

Check out India's Top 20 Web 2.0 websites

Here's a listing of the Top 25 Web 2.0 Indian websites identified by Dataquest magazine. The list, prepared by Dataquest, with help of Indianweb2.com, that tracks Indian start-ups in the technology space in general and web 2.0 space in particular, is a mix of social networking sites, tool makers, rating sites, and creators of close-knit online communities and collaborative mobile applications.

Apna Circle (www.apnacircle.com): A niche social networking site focused on careers

AuthorStream (www.authorstream.com): Focused on user generated content. Users can share online presentations and slideshows

BharatStudent (www.bharatstudent.com): A networking platform addressing education and career related issues of students

BigAdda (www.bigadda.com): A broad-based social networking site on the lines of Facebook and Orkut, offering everything to everyone

Burrp TV (www.burrp.com): Focused on local information from TV channels to restaurants based on user generated content and user ratings

Commonfloor (www.commonfloor.com): An online community of housing societies and apartments owners and residents popular with several large builders

DesiMartini (www.desimartini.com): A broad-based social networking site for Indians across the globe.

Fropper (www.fropper.com): India's most well-known dating site with abundant social networking features

Ibibo (www.ibibo.com): A platform to showcase talent and connect with people with similar interests

More @ Check out India's Top 20 Web 2.0 websites

Source:ET

Check out the top 30 stocks at 12000 on BSE

Check out the top 30 stocks at 12,000 on BSE

30 stocks @ 12K


If you had invested Rs 1L in any of these stocks on March 9, 2009, when sensex was at 8K, you would have made good returns.

Here are the top 30 stocks @ 12K on BSE:

Jaiprakash Associates Ltd


May 4 2009: 147

March 9 2009: 66

Per centage change: 124

Your Rs 1L would now be worth: 2,23,610

ICICI Bank Ltd
11:45

May 4 2009: 529

March 9 2009: 263

Per centage change: 101

Your Rs 1L would now be worth: 2,01,190

Sterlite Industries India Ltd

May 4 2009: 477

March 9 2009: 244

Per centage change: 95

Your Rs 1L would now be worth: 1,95,050



More @ Check out the top 30 stocks at 12,000 on BSE


Source:Economic Times

Sensex at 1,00,000 points? Possible by 2025: Technical charts

Sensex at 1,00,000 points? Possible by 2025: Technical charts

NEW DELHI: It may sound utopian in the backdrop of months-long downslide on bourses, but a US-based equity research group sees India's benchmark index Sensex scaling a milestone of 1,00,000 points within next 15 years. This would mean an unimaginable rally of over 10-times from the level seen just a few days ago, when Sensex was toiling below 10,000-point mark after a meltdown that began more than a year ago. The Sensex had more than halved to trade below 8,000-point mark in October last year after scaling a record high of over 21,000 points on January 10, 2008. Unperturbed by the sharp fall, US-based global equity research group Elliott Wave International, which specialises in analysis of technical charts of stock movements, believes that the recent surge in Indian market is the beginning of a long-running bull cycle that could continue for 15 years. The recent upsurge began on March 9 and the Sensex has gained over 2,500 points or by more than 30 per cent. "If the price and time proportions between the waves in the 2003-2008 rally continue, the Sensex should hit 100,000 in about 15 years," research group's Asia-Pacific Financial Forecast editor Mark Galasiewski told PTI over phone. In its report for Asia-Pacific markets, based on analysis of technical charts, Elliottt Wave has said there were strong indications of "a resumption of the bull market in Indian stocks". Extending its previous analysis in November last year, when it had said the Sensex might continue advancing for 15 years before the end of another bull run, Elliott Wave said the market seemed to have completed its most recent downward spiral in October 2008. The Indian stock market benchmark Sensex had scaled an all-time high of 21,206.77 points on January 10, 2008 before embarking on a downward journey, wherein it touched a low of 7,697.39 points on October 27. According to the Elliot Wave's April forecast report, the Sensex has declined in three waves to the October low, where it retraced approximately 50 per cent of its 2003-08 rally on a percentage basis. The index has just broken out of its downward trend channel and the patterns seen recently and during the 2003-04 period "are the best argument for a resumption of the bull market in Indian stocks," it added. Naming India among the "potential baby bulls" of the region, alongside Taiwan and Korea, Elliott Wave had said the completion of three waves of fall from their respective highs had made them "strong candidates to rally back to at least near their all-time highs -- if not beyond". Elliottt Wave has also classified Japan, Singapore, Hong Kong, China and Australia as long-term bear markets, while the "potential baby bulls" have been described as those which investors should consider for long-term investments. The report further noted that India had experienced long- running bearish phase in the past, indicating that the next bull-run could continue beyond its most recent all-time high levels. Until the early 2000s, the long bear market in India lasted for 11 years (1992-2003). "The five-wave pattern from 2003-08 is a road map to the future. Elliott waves progress in five waves and correct in three waves," research group's Asia-Pacific Financial Forecast editor Mark Galasiewski said.

Reliance Q4 net down 1% but beats forecast

Reliance Q4 net down 1% but beats forecast

Reliance Q4 net down 1% but beats forecast 23 Apr 2009, 1701 hrs IST, REUTERS

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MUMBAI: India's biggest energy group, Reliance Industries Ltd, quarterly net profit fell 1 percent as global economic crisis hurt demand, but still fared better than market expectations. The company, valued at $54 billion, posted a net profit excluding the effect of exceptional items of 38.74 billion rupees ($773 million) on Thursday for its fiscal fourth quarter ended March, compared with 39.12 billion reported a year ago. A Reuters poll had forecast a net profit of 36.1 billion rupees. Reliance's most-watched refining margins fell to $9.9 per barrel in the quarter, from $15.5 a year earlier. Turnover fell to 290.73 billion rupees from 386.97 billion a year ago. Ahead of the results, shares in Reliance, closed up 2.7 percent at 1,762.35 rupees in a Mumbai market that rose 2.9 percent. The stock jumped 24 percent in the March quarter, outperforming a flat benchmark index and the energy sector's 16.6 percent rise.

RIL Q4 net profit down 1% at Rs 3874cr

Apr 23, 2009 at 05.01 PM

Reliance Industries has announced its fourth quarter results. The company's Q4 FY09 net profit was down by 1% at Rs 3,874 crore as compared to Rs 3,912 crore in the same period last year.

Its Q4 net sales were down 24% at Rs 2,8362 crore as against Rs 3,7286 crore on YoY basis.

Its Q4 operating profit margins were at 19.17% versus 16.14% on YoY basis. Its Q4 other income was at Rs 993 crore versus Rs 289 crore on YoY basis.

The company's Q4 EBITDA was at Rs 5437 crore versus Rs 6019 crore on YoY basis.

Its Q4 Gross Refining Margin (GRM) was at USD 9.90 per barrel FY09 whereas FY09 GRM was at USD 12.20 per barrel.

Its raw material costs was down 49.99% at Rs 12834 crore versu Rs 25664 crore.

Its other income was up 243% at Rs 993 crore versus Rs 289 crore.

Its interest costs was up 75.4% at Rs 477 crore versus Rs 272 crore.

The company's exceptional loss of Rs 370 crore reprersents provision towards estimated claims on acct of subsidies.

Reliance Says “Forex Exchange Accounting treatment followed by Co. is consistent with revised AS11”

According to CNBC-TV18 estimates, its net sales were seen down 18.5% to Rs 30,373.4 crore from Rs 37286 crore. The company’s net profit was seen down 9.9% to Rs 3526.2 crore from Rs 3912 crore. Its EBITDA was seen down 6.6% to Rs 5621 crore from Rs 6019 crore.

Other Results

RPL Q4 net profit at Rs 84 crore 23 Apr 2009, 1601 hrs IST, ET Bureau

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Reliance Petroleum Limited (RPL) on Thursday announced that the company has posted a net profit of Rs 84 crore on net sales of Rs 3,678 crone for the fourth quarter ended March 31, 2009. The figures of the previous year were not available, as its 5,80,000 barrels of oil per day (bopd) refinery in Jamnagar SEZ started commercial operations from 15 March. The refinery processed 3.6 million tonnes of crude oil and commenced several secondary processing units during the quarter, the company said in a media statement. The company has employed capital of Rs 33,982 crore ($6.7 billion) against the projected target of Rs 27,000 crore ($5.7 billion). The difference was primarily because of the exchange rate fluctuations. The company has adjusted the foreign currency exchange differences on amounts borrowed for acquisition of fixed assets to the carrying cost of fixed assets in line with the amendment to Accounting Standard (AS 11), the company said in its notes to account. RPL has commenced production and dispatch of products from its refinery to the quality conscious markets of US and Europe, the company release said. RPL is in process of being merged with its parent firm Reliance Industries (RIL) from appointed date of April 1, 2008. Commenting on the progress of the refinery, RPL chairman Mukesh Ambani said, "The proposed merger with RIL will lead to a globally competitive and industry leading refinery business and create sustainable value for shareholders." Shares of RPL on BSE gained 3% to close at Rs 110. The stock has gained 2% over the last one week and 23% in the last one month.

• RPL Q4 net profit at Rs 84 crore
• Reliance Infra FY'09 PAT up 15 pc at Rs 1,353 crore
• RNRL FY'09 net up 4 per cent at Rs 71.54 crore
• Bata India Jan-March net down 6%
• RPL Q4 net profit at Rs 84 crore
• RPL Q4 net at Rs 84 cr, turnover at Rs 3,678 cr
• LIC Housing Finance Q4 net up 33 pc at Rs 157.55 cr
• Two Anil Ambani firms to announce FY'09 results on April 30

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India's natural gas output to grow over 60% in FY10

India's natural gas production is expected to grow by over 60 per cent in the current fiscal on the back of higher output from Reliance Industries' eastern offshore KG basin block, an economic think-tank has said.

"In 2009-10, we expect domestic natural gas output to grow by a robust 60.5 per cent to 52,239 million cubic metres (mcm)," the Centre for Monitoring Indian Economy (CMIE) said in its April review.

"This is largely because of commencement of natural gas production from Reliance Industries' (RIL) Krishna Godavari basin," the CMIE said.

Cumulative domestic natural gas production during April-February 2008-09 was 30,019 million cubic metres, it said.

"For the same period, demand stood at 34,062 mcm. In 2008-09, natural gas output is expected to grow by a meagre 0.8 per cent to 32,529 mcm," CMIE said.

Mukesh Ambani-led RIL began production from its prolific D6 block on April 1 and currently produces 13 million standard cubic metre per day (mmscmd) of gas.

The initial 15.3 mmscmd output has already been committed to urea-making plants and volumes above this would go to gas-based power plants.

"This will help to meet the fast growing demand for natural gas in the country, especially from the fertiliser and power sectors," the CMIE said.







Source:Economic Times, Moneycontrol.com, BS etc...