Wednesday, 28 December 2011
HDFC's Deepak Parekh resigns from HUL board
FMCG major Hindustan Unilever Ltd (HUL) today said HDFC Ltd Chairman Deepak Parekh, who is an independent director in the company's board has resigned after more than 14 years of association with the firm citing personal reasons.
Parekh, who was on the company's board since 1997, resigned after putting in more than 14 years in the firm,...
RBI to issue 500 note with rupee symbol
The Reserve Bank will shortly issue Rs 500 notes which will have the rupee symbol. The Rs 500 notes will be of the Mahatma Gandhi-2005 Series bearing the signature of Reserve Bank of India (RBI) governor D Subbarao and with the year of printing mentioned on the back of the banknote, the apex bank said in a statement.
The design of the notes...
Stock Trading Tips for 29 Dec 2011
Stock Trading Tips for 29 Dec 2011
Scrip Trigger Price Stop Loss Target 1
AANJANEYA BUY ABOVE 510 506 520
SELL BELOW 500 505 490
WIPRO BUY ABOVE 401 397 410 ...
Monday, 26 December 2011
Stock Trading Tips for 27 Dec 2011
Stock Trading Tips for 27 Dec 2011
Scrip Trigger Price Stop Loss Target 1
CANBK BUY ABOVE 370 367 382
SELL BELOW 363 366 353
FINANTECH BUY ABOVE 565 560 580 ...
Sunday, 25 December 2011
CRISIL assigned grade 4/5 to MT Educare IPO
CRISIL Research has assigned a grade 4/5 to the proposed initial public offer (IPO) of MT Educare Limited, which indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India.
According to the report, however, this grade is not an opinion on whether the issue price is appropriate in...
Reviewing entire IPO process
From the Takeover Code to the initial public offering (IPO) review process, SEBI chairman UK Sinha has his plate full.Sinha says that some changes have been made to the IPO review process, but a complete review would take sometime.
He, however, added that policy action on IPO listing-day trades would be taken very soon.Sinha says, “We are...
IPO for Maiam Global Foods plans
Maiam Global Foods has filed draft red herring prospectus with market regulator for initial public offering of upto 90 lakh equity shares of face value of Rs 10 each - a dilution of 49.70% stake.
The company is engaged in the business of trading and processing of agro products such as pulses, spices and edible oil. It is also engaged in to business of agriculture through cultivation, processing and distribution of vegetables...
IPO-Bluplast Industries files DRHP for Rs 60-cr
Bluplast (with an outlay of Rs 39.74 crore) is setting up additional manufacturing facility for the manufacturing of plastic injection moulding products with an installed capacity of 7,900 MTPA in and around Vapi, Bhilad and Pradi, Distt. Valsad, Gujarat. It is also diversifying by setting up a manufacturing facility for the production of...
Union Budget to be delayed by a week due to polls
The Union Budget is likely to be delayed by a few days, government sources have said.
The Union budget and Railway budget are likely to be tabled in the first week of March, they said.
That's only after assembly elections in five states – Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur - are over.
Earlier it was reported that Finance Minister Pranab Mukherjee will present the Union Budget on February 29, a day after...
DRL, Zuari Ind, IRB Infra, GVK Power, RIL : Stocks News
Government sources
-General budget to be presented on February 29, 2012
-UP election schedule will not impact general budget
-UP elections end on February 28, 2012
TDSAT hearing dot to file reply by next Saturday
-TDSAT stays DoT 3G roaming ban order
-No coercive steps to be taken against companies until order
-TDSAT to hear matter...
Petrol price may be hiked by Rs 1 next month
Petrol price may be hiked by about a rupee per litre from next month as the Indian currency has weakened against the US dollar making imports costlier.
The rate change may, however, need a political clearance as assembly elections in five crucial states, including Uttar Pradesh and Punjab, have been announced.
"While international price...
Stock Trading Tips for 26 Dec 2011
Stock Trading Tips for 26 Dec 2011
Scrip Trigger Price Stop Loss Target 1
AXISBANK BUY ABOVE 888 800 912
SELL BELOW 771 779 758
ICICIBANK BUY ABOVE 729 721 742...
Thursday, 22 December 2011
Stock Trading Tips for 23 Dec 2011
Stock Trading Tips for 23 Dec 2011
Scrip Trigger Price Stop Loss Target 1
AMRUTANJAN BUY ABOVE 689 683 702
SELL BELOW 675 681 660
AXISBANK BUY ABOVE 882 874 900...
Vodafone to discontinue services on inactive numbers
Faced with shortage of numbers, telecom major Vodafone India on Monday said it will discontinue services on mobile numbers of prepaid customers that have not been in use for a continuous period of 60 days.
'Vodafone India will discontinue mobile services for prepaid customers on numbers that have no usage i.e., no voice calls (incoming...
Govt to spend on Economic Census
The government on Tuesday said it will spend Rs 800 crore for the Sixth Economic Census to be conducted from April to November 2012 to update the data on industrial activity across the country for better micro-level planning and policy formulation.
'The Ministry of Statistics and Programme Implementation has planned to spend Rs 800 crore...
Tata Docomo has announced a price reduction on its wireless brandband service
Tata Teleservices Limited's unified brand Tata Docomo has announced a price reduction on its wireless brandband service, making it available at a price of Rs 1199.
This apart, new customers will get additional advantage of 100 per cent cash back offer on select plans. These customers will get a discount of Rs 100 on their monthly bill amount...
Tuesday, 20 December 2011
Stock Trading Tips for 21 Dec 2011
Stock Trading Tips for 21 Dec 2011
Scrip Trigger Price Stop Loss Target 1
KARURVYSYA BUY ABOVE 354 351 364
SELL BELOW 347 350 330
KOTAKBANK BUY ABOVE 449 445 ...
Kingfisher Airlines violated tax rules
Cash-strapped carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees' salaries for the last two fiscal years, a government minister told lawmakers on Tuesday.
Kingfisher has about Rs 130 crore ($24.6 million) tax deducted at source (TDS) to be deposited with the government...
Rs 300 crore in black money unearthed in April-October, 2011-12
The Income Tax Department seized Rs 300 crore in black money, including cash and jewellery, during April-October, 2011-12, Parliament was informed today.
The I-T Department has issued 2,190 warrants and seized assets worth Rs 299.63 crore, Finance Minister Pranab Mukherjee said in the Rajya Sabha.
Of the total amount seized, Rs 179.59 crore...
Merger bells ring for Mahindra Satyam, Tech Mahindra
Mahindra Satyam and Tech Mahindra, controlled by the Mahindra & Mahindra group, are close to appointing merchant bankers and accounting firms to value the two businesses for an eventual merger, two senior executives with direct knowledge of the development said.
The merger will enable the M&M group's technology business to become...
New RBI rules that reduce trading limits of banks and companies
India's piecemeal steps to defend the rupee can do little more than slow its decline for now, and some of the measures risk hurting the currency in the long term. In particular, new RBI rules that reduce trading limits of banks and companies could have the unintended effect of hampering their ability to hedge, choking off market liquidity...
Monday, 19 December 2011
Stock Trading Tips for 20 Dec 2011
Stock Trading Tips for 20 Dec 2011
Scrip Trigger Price Stop Loss Target 1
BAJFINANCE BUY ABOVE 639 633 656
SELL BELOW 626 632 610
BANKBARODA BUY ABOVE 687 681 ...
Fuel 2050: Bye, Bye petrol
Conventional fuels are only bound to get more expensive, and that's where Dr Greg Offer comes into the picture. "In the short term, over the next decade, it will be hard for any new fuel sources to challenge our dependence on oil, except biofuels, but they have limits. However, in the long term, within 50 years, it appears to me that it is...
Saudi billionaire Prince Alwaleed bin Talal buys $300-million stake in Twitter
Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, on Monday unveiled a $300 million stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry.
Alwaleed, a nephew of the Saudi king with a personal net worth estimated by Forbes magazine...
IIM Ranchi wraps up Summer Placements 2012 with 76 offers
IIM Ranchi has wrapped up its summer placements process with the 67-strong batch bagging 76 offers from 43 companies across banking & finance, sales & marketing, consulting, operations, general management and HR. Some niche profiles were in CSR, real estate and sports management. The process also saw participation from 28 new recruiters.
The...
Anil Group forays into KSB segment, to invest 52 crore
Agri and food processing major Anil Group today said it has forayed into knowledge solution business (KSB) through a new venture- Ascent Knowledge Solutions (AKS)- in which, it will invest USD 10 million (Rs 52 crore) over the next one year.
AKS has set up a wholly owned subsidiary in US, Ascent Knowledge Solutions Inc (AKSI) and has taken...
HSBC Holdings PLC plans to cut upto 1200 jobs at its consumer banking unit in India
The job cuts are likely to affect a range of functions and are likely to be carried out in a phased manner, two people directly familiar with the banks plans said on condition of anonymity.
The planned cuts are in line with a decision announced by HSBC Chief Executive Stuart Gulliver in August this year in which he said the bank would cut...
TCS to set up new campus in Nagpur for Rs 600 crore
The country's largest software exporter Tata Consultancy Services today said it will build a new software development unit in Maharashtra at an initial investment of Rs 600 crore, creating jobs for over 8,200 professionals.
The campus will be located at Nagpur, Maharashtra, in the Mihan Special Economic Zone ( SEZ), Tata Consultancy Services...
Thursday, 15 December 2011
Stock Trading Tips for 16 Dec 2011
Stock Trading Tips for 16 Dec 2011
Scrip Trigger Price Stop Loss Target 1
WIPRO BUY ABOVE 410 407 420
SELL BELOW 402 406 392
RANBAXY BUY ABOVE 387 384 397
...
Wednesday, 14 December 2011
World's cheapest tablet Aakash goes on sale for Rs 2500 online
World's cheapest tablet Aakash goes on sale for Rs 2500 online
Specifications Aakash UbiSlate 7 (The upgraded version of Aakash)
Availability NOW! Late January
Pricing Rs.2,500 Rs.2,999
Microprocessor Arm11 – 366Mhz Cortex A8 – 700 Mhz
Battery 2100 mAh 3200 mAh...
RBI data exceeds Commerce Ministry figures by $7.2 billion
the government lowered the April-October export numbers by $8.8 billion to $171 billion from $179.8 billion, citing human and computer errors for the original overstatement.
This revision, which largely pertained to the April-June quarter, had come after doubts were raised about excessively rosy export data in the backdrop of a global economy...
Rupee dropped to another record low versus the dollar
Rupee dropped to another record low versus the dollar on Thursday as concerns heightened slowing domestic growth will spur further capital outflows.
The partially convertible rupee hit an all-time low of 54.30 per dollar in early trading, taking losses to about 4 percent this week.
Asian markets fell for a third straight session and the euro sat at 11-month lows Thursday on growing doubts over last week's European debt deal...
Stock Trading Tips for 15 Dec 2011
Stock Trading Tips for 15 Dec 2011
Scrip Trigger Price Stop Loss Target 1
HAVELLS BUY ABOVE 433 429 445
SELL BELOW 424 428 412
HINDPETRO BUY ABOVE 280 277 288...
Monday, 12 December 2011
India will spend upwards of Rs 60,000 crore over the next five years on developing military infrastructure
Defending long unresolved borders against two potentially hostile nuclear-armed neighbours does not come cheap. Besides, acquiring a wide array of weapon systems for billions of dollars, India will spend upwards of Rs 60,000 crore over the next five years on developing military infrastructure and capabilities for the western and eastern fronts.
If...
Stock Trading Tips for 13 Dec 2011
Stock Trading Tips for 13 Dec 2011
Scrip Trigger Price Stop Loss Target 1
SBIN BUY ABOVE 1790 1775 1815
SELL BELOW 1755 1770 1724
SHRIRAMCIT BUY ABOVE 505 500 ...
Friday, 9 December 2011
Govt lowers GDP growth forecast to 7.5%
Citing global and domestic reasons, the government today lowered the GDP forecast for the current fiscal to 7.5 % from 9 %, but exuded confidence of a revival in the next year.
"The analysis of several data series and simple macro-econometric modeling lead us to forecast GDP growth of 7.5 % (plus/minus 0.25 %) during 2011-12," the government...
Stock Trading Tips for 12 Dec 2011
Stock Trading Tips for 12 Dec 2011
Scrip Trigger Price Stop Loss Target 1
FINANTECH BUY ABOVE 613 607 622
SELL BELOW 600 606 590
FEDERALBNK BUY ABOVE 392 389 ...
Thursday, 8 December 2011
Stock Trading Tips for 09 Dec 2011
Stock Trading Tips for 09 Dec 2011
Scrip Trigger Price Stop Loss Target 1
ABAN BUY ABOVE 357 354 367
SELL BELOW 350 354 340
ALCHEM BUY ABOVE 259 257 266
...
நூல் வெளியீடு - பங்குச் சந்தையில் பணம் பண்ண..!
பங்குச் சந்தை நிபுணர் ஜி. ரமேஷ் எழுதிய பங்குச் சந்தையில் பணம் பண்ண..! என்கிற பங்குச் சந்தை தொடர்பான டெக்னிக்கல் அனாலிசிஸ் நூல் வெளியீட்டு விழா தேவ நேய பாவாணர் அரங்கம்,
சென்னை 600002 -ல் நடந்தது.விழாவுக்கு வந்தவர்களை இந்நூலை வெளியிட்டிருக்கும் பெரிகாம் பதிப்பாசிரியர் க.ஜெயகிருஷ்ணன் வரவேற்றார்.
விழாவுக்கு ஏ.பி.ஜே. அக்வா...
Wednesday, 7 December 2011
Govt puts FDI in retail on hold
The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached.
Both Houses of Parliament functioned normally and took the crucial Question Hour for the first time since the Winter...
Stock Trading Tips for 08 Dec 2011
Stock Trading Tips for 08 Dec 2011
Scrip Trigger Price Stop Loss Target 1
TATASTEEL BUY ABOVE 421 417 431
SELL BELOW 413 417 403
PATNI BUY ABOVE 454 450 462 ...
Tuesday, 6 December 2011
2012 expected to be tough for markets
Bank of America Merill Lynch (BofAML) expects tough market conditions to persist over the next six months and the Sensex to correct to 14,500 as growth concerns take centre-stage. However, the brokerage has set a target of 19,000 for the year-end. “The good news is that we could get some positive returns in 2012 if policymakers take steps to reverse the economic slowdown such as aggressive rate cuts by RBI. Markets typically rally...
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