Monday 4 April 2011

2G spectrum probe

  • Monday 4 April 2011
  • Stock Future
  • Cracks in the telecom joint venture Uninor became wider today when the Norwegian partner Telenor issued a statement distancing itself from the Central Bureau of Investigation (CBI) proceedings on Unitech Wireless.

     Telenor has zero tolerance for corruption. If any malpractice has occurred, those responsible must be brought to book," the company said.
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    BHEL gains 40%, gas turbine business in Japan

  • Stock Future
  • Government-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 40 per cent rise in net profit to Rs 6,021 crore in 2010-11. The company said it was looking at the Japanese market for gas turbine business in partnership with American major GE.

    Announcing the results, BHEL's Chairman and Managing Director B Prasada Rao said localisation of technologies, continuous working on supply chain and lower material costs helped the company in posting good profit. In the 2009-10, the company made a profit of Rs 4,311 crore.
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    FIIs net buyers of Rs 1056 cr on 04-04-2011

  • Stock Future

  • FIIs were net buyers of Rs 1350.95 crore in futures and options segments on Monday.

    According to the data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 1392.87 crore and they bought index options worth Rs 475.18 crore.

    They were net sellers of stock futures to the tune of Rs 510.69 crore and sold stock options worth Rs 6.41 crore.
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    Oil down in Asian trade

  • Stock Future
  •  World oil prices were lower in Asian trade today as investors locked in profits from a recent surge, but protests in the Arab world remained a concern, analysts said.

    New York's main contract, light sweet crude for delivery in May, known as the West Texas Intermediate (WTI), was down 23 cents to $108.24 per barrel.Brent North Sea crude for May delivery fell seven cents to $120.99.
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    Vodafone Group PLC rose on Monday after the U.K. mobile giant said it will sell its 44% stake in SFR to France’s Vivendi for around $11.3 billion.

  • Stock Future

  • Vodafone Group PLC rose on Monday after the U.K. mobile giant said it will sell its 44% stake in SFR to France’s Vivendi for around $11.3 billion.

    The deal is in line with Vodafone’s (VOD 29.08, +0.33, +1.15%)   (UK:VOD 181.30, +2.20, +1.23%)  strategy to shed minority assets in various regions and refocus its business on Europe, India and Africa.

    “Our board remains committed to realizing maximum value from our non-controlled assets,” said Vodafone Chief Executive Vittorio Colao in a statement. “The sale of our stake in SFR, at an attractive multiple, represents a significant further step in the execution of this strategy.”

    Under the deal announced late Sunday, Vivendi (FR:VIV 20.67, +0.16, +0.78%)  will acquire Vodafone’s 44% stake in French mobile-phone operator SFR for 7.95 billion euros ($11.3 billion).

    Vodafone said that €4.5 billion (4 billion British pounds) of the net proceeds will be returned to shareholders via a share buyback and the rest will be used to reduce net debt.
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    Friday 1 April 2011

    Dow Jones Industrial has best start to the year since 1999

  • Friday 1 April 2011
  • Stock Future
  • Dow Jones Industrial Average for the year, its best start since Thursday, 1999, off 6.4 percent in the first three months is increasing. Index of 30 large companies in the segment of 742 points. Other first quarter, the biggest point gain since 1998, and measured against the second best on record.
    Stocks end mixed as oil prices the day jumped to a 30-month high. Unemployment claims and factory orders report slightly disappointing weighed on the market.
    The first-quarter profit was anything but an easy ride. Revolt in the Arab world, oil prices, earthquakes, tsunamis and the nuclear crisis with Japan jumped several deep one-day falls on the LED.
    "It's a market that has been in the face of uncertainty is defined by flexibility," Andrew Goldberg, a market strategist at JP Morgan Funds, said.
    Dow Jones industrial average 30.88 points, or 0.3 percent to 12319.73 fell. The 72 points for the year just shy of its February 18 is high.
    Standard & Poor 500 2.43 to 1325.83, or 0.2 percent fell. Nasdaq Composite 2781.07 4.28, or 0.2 percent, rose.
    S & P 500 during the first quarter rose 5.4 percent, Nasdaq 4.8 percent.
    Market in March was wildly unstable. Third week, the Dow moved more than 100 points four straight days. March 16, fears that Japanese nuclear crisis worse all three major indexes for the year will be negative. The next day, a jump in manufacturing and a drop in unemployment claims helped bring them back.
    Stocks Thursday between small gains and losses as oil prices settle at 106.72 dollars a barrel has come increased. Libyan leader Moammar Gadhafi troops loyal to the rebel army from the major oil port of Ras Lanouf control retook. Win a rebel threat of regime change oil export promised a quick restart.
    Oil prices jumped $ 20 since Libya's rebellion began in February. High oil prices force consumers to pay more for gasoline by cutting spending and economic growth can pinch.
    There are also new unemployment claims and factory orders report a bit disappointing. The Labor Department said last week applied for unemployment benefits at people, companies indicated that layoffs may be slow. The number of new claims fell by 388 000 by 6000. Analysts had expected a larger drop.
    News Labor Department's monthly employment report comes a day before. 8.9 percent unemployment rate can remain unchanged.
    Ireland were under pressure from the banks. India's central bank said Thursday that four of its cash-strapped banks in the coming months another euro24 billion needed to show that they will not fall in the face of future crises. Ireland is already the country's banks euro46 billion since 2009, put it. Four banks of the European Union and the IMF will need to draw on an emergency credit line.
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    Employment report before Wall Street ends without direction

  • Stock Future
  • NYSE on Thursday ended without a clear direction, the monthly employment data is pending, the mixed news of the day failed to tip the balance: The Dow Jones lost 0.25% but the Nasdaq gained 0.15%.

    According to statistics from the last close, the Dow Jones Industrial Average 12319.73 points while the Nasdaq dropped 30.88 points, dominated by technology, has earned 4.28 points 2781.07 points. Standard & Poor 500 Index 0.18% to 1325.83 points (2.43 points) fell. today.cc www.stock-market come from

    "Looking for a new direction in the market today with a deal is not really in a sense," Hinsdale Associates Andrew Fitzpatrick noted. Before the start of trading on Friday to continue "Investors eagerly await employment data are monthly", analysts said.
    Copyright in the stock market today

    Index reflects the indecision of the market season, but never really get away from the balance point. They thus halftone which in percentage terms a particularly bright quarter, during which the Dow (6.4%) for the first three months of the year picked up his best performance in terms of points since 1998 and 1999 remains rich was. Stock Market today.cc

    "Japanese Tragedy signs of healthy economic growth, Eurozone and the debt crisis in the Middle East is assumed constant turmoil," noted analysts at Charles Schwab. Investors, however, indicators, rather than the company waited until Thursday mixed employment report.
    www.stock-market today.cc

    For unemployment benefits last week listed 388 000 applications have been somewhat disappointing, even if they fall into a third week straight decline. Department of Labor growth (394000 382000 originally estimated for March 13 to 19 weeks) than the previous statement has been modified.

    Copyright in the stock market today

    Development of economic activity in the Chicago area has remained strong in March, though a bit less according to the ISM. Order to build them, dipped 0.1% in February, while analysts expect to rise. Employment report "before the progress we had, that it is the highest and we fail more after that, it gives rise to a waiting," Scott Marcouiller, Wells Fargo Advisor noted.

    today.cc www.stock-market come from

    Market David Sokol, a potential successor of billionaire Warren Buffett, Berkshire Hathaway holding company, its many subsidiaries (-2.14% to $ 83.63) ran the emphasis is on the resignation. Mr. Buffett, the United States one of the most respected investors, Mr. Sokol Lubrizol share of possible insider trading, hedge recently acquired by holding company. Copyright in the stock market today

    Insurance company AIG action (to $ 35.14 -2.52%) of the United States increasingly central bank, after the Fed's refusal so far to $ 15.7 billion in repayment of dues to repurchase a portfolio of securities backed down. World Trade Organization has singled out the U.S. for a few months after the European Airbus subsidies for Boeing your Winner Aviation (0.18% to $ 73.93) for something to help. Copyright in the stock market today

    While the price of a barrel of oil in New York has taken more than $ 2, the airlines were suffering. AMR, parent of American Airlines, fell 6.46 dollars to 5.69% and 1.41% of Delta Air Lines to $ 9.80. Bond market rose slightly. 10-year Treasury 3.455% 3.454% opposition to the good performance on Wednesday night fell, and that's good for 30 years at 4.508% 4.523% against yesterday. 
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