Tuesday, 31 January 2012
RIL's $2 bn share buyback opening on 01 Feb 2012
Reliance Industries climbed more than two percent on Tuesday ahead of the opening of its $2 billion share buyback -- the largest ever in the country's capital market history.
The company, whose shares are held by one out of every four Indian investors, plans to spend up to 104 billion rupees ($2 billion) to buy back its shares in a bid to...
India is hopeful $100 bn foreign investment in nuclear power sector
India is hopeful of getting more than $100 billion worth of foreign investment in the nuclear power sector in the next two decades and a quarter of it would come from France, Commerce and Industry Minister Anand Sharma has said.
"In the coming two decades, India will see investments in excess of $100 billion in the nuclear power sector alone...
ICICI Bank Q3 at Rs 1728 crore
ICICI Bank Net profit rose to Rs 1728 crore ($347.4 million) from Rs 1437 crore a year earlier, while net interest income increased 17 per cent to Rs 2710 crore.
During the reporting period, the bank's total income climbed to Rs 10,483.73 crore from Rs 8,444.75 crore, it said in a filing to the BSE. Operating profit stood at Rs 2,687.10...
Stock Trading Tips for 1 Feb 2012
Scrip Trigger Price Stop Loss Target 1
FEDERALBNK BUY ABOVE 402 399 412
SELL BELOW 394 398 384
NTPC BUY ABOVE 174 172 178
...
Monday, 30 January 2012
CBI arrests Andhra Pradesh senior IAS officer & home secretary
The CBI on Monday arrested senior IAS officer and Andhra Pradesh principal home secretary B P Acharya in a case relating to alleged irregularities in land transfer and sale of villas and apartments in a township in the state.
The township has been jointly developed by state-run Andhra Pradesh Industrial Infrastructure Corporation (APIIC)...
India is considering settling payment for oil imports from Iran in rupees
India is considering settling payment for oil imports from Iran in rupees, the Reserve Bank of India deputy governor H.R. Khan said on Monday.
Khan said New Delhi was evaluating different options to settle payment for oil imports from Iran, India's second biggest oil supplier.
"There are different options which are being evaluated. It is...
Stock Trading Tips for 31 Jan 2012
Stock Trading Tips for 31 Jan 2012
Scrip Trigger Price Stop Loss Target 1
AJANTPHARM BUY ABOVE 346 343 355
SELL BELOW 339 342 331
RANBAXY BUY ABOVE 448 444 460...
Friday, 27 January 2012
Stock Trading Tips for 30 Jan 2012
Stock Trading Tips for 30 Jan 2012
Scrip Trigger Price Stop Loss Target 1
JINDALSTEL BUY ABOVE 534 529 545
SELL BELOW 524 528 510
PATNI BUY ABOVE 471 466 481...
Wednesday, 25 January 2012
The government is looking to garner an additional Rs 7,000 crore by PSU companies
Hard-pressed for funds, the government is looking to garner an additional Rs 7,000 crore by persuading state-owned companies to increase their dividend payout for FY12, taking the total collection in the current fiscal to over Rs 30,000 crore.
In addition, the government expects to rake in Rs 1,500 crore through Dividend Distribution Tax...
Stock Trading Tips for 27 Jan 2012
Stock Trading Tips for 27 Jan 2012
Scrip Trigger Price Stop Loss Target 1
ABAN BUY ABOVE 445 441 456
SELL BELOW 436 440 424
LICHSGFIN BUY ABOVE 261 258 267
...
Tuesday, 24 January 2012
RBI cuts Cash Reserve Ratio (CRR) by 50 bps
The Reserve Bank of India (RBI) has slashed the cash reserve ratio (CRR) by 50 basis points (bps) to 5.5% effective from January 28, 2012. The cut is expected to infuse Rs 32,000 crore into the system easing the tight liquidity situation. However, it has left its key policy rates unchanged in its third quarter monetary policy...
Stock Trading Tips for 25 Jan 2012
Stock Trading Tips for 25 Jan 2012
Scrip Trigger Price Stop Loss Target 1
ABGSHIP BUY ABOVE 408 405 415
SELL BELOW 400 404 390
YESBANK BUY ABOVE 322 319 330 ...
Thursday, 19 January 2012
Q3 results on 20 Jan 2012 Analysts` estimates for RIL, Axis Bank, ITC, Wipro, JSW Steel
Reliance Industries (RIL), Axis Bank, ITC, Wipro and JSW Steel will be announcing its third quarter financial results on Friday, January 20. We have collated views of analysts on how they see earnings for these companies. The same is as follows:
Reliance Industries (RIL)
Prabhudas Lilladher
On the back of declining GRMS during the quarter, RIL is likely to report weak set of numbers. Benchmark Singapore GRMs have averaged at...
Stock Trading Tips for 20 Jan 2012
Stock Trading Tips for 20 Jan 2012
Scrip Trigger Price Stop Loss Target 1
HDIL BUY ABOVE 83 82 85
SELL BELOW 81 82 79
RAJTV BUY ABOVE 87 86 89
SELL BELOW...
Wednesday, 18 January 2012
Stock Trading Tips for 19 Jan 2012
Stock Trading Tips for 19 Jan 2012
Scrip Trigger Price Stop Loss Target 1
CANBK BUY ABOVE 411 407 422
SELL BELOW 402 406 392
COALINDIA BUY ABOVE 343 340 352 ...
Tuesday, 17 January 2012
Reliance Loans from Chinese banks to refinance Rs 6,125 crore worth of outstanding foreign currency bonds
Reliance Communications said on Tuesday it has secured loans from a host of Chinese banks to refinance $1.18 billion worth of outstanding foreign currency bonds due for redemption on March 1.
The deal will provide respite to the No. 2 Indian mobile operator by subscribers, controlled by billionaire Anil Ambani, that has been trying for more...
TCS Q3 net Profit up 18.26% at Rs 2,802.77 cr
The country's largest software services exporter Tata Consultancy Services on Wednesday reported an 18.26 per cent jump in consolidated net profit to Rs 2,802.77 crore for the quarter ended December 31, 2011.
The company's total income stood at Rs 13,203.99 crore in the reporting quarter, as against Rs 9,663.35 crore in the corresponding...
Trai Realse:entry fee of Rs 20 cr for a pan-India mobile permit
Telecoms regulator Trai has proposed that entry fee for a pan-India mobile permit be fixed at Rs 20 crore from Rs 1658 crore at present.
But these permits will not be bundled with spectrum or airwaves, and companies that obtain them must buy radio frequencies by participating in auctions.
Currently, a pan-India permit comes bundled with...
Stock Trading Tips for 18 Jan 2012
Stock Trading Tips for 18 Jan 2012
Scrip Trigger Price Stop Loss Target 1
AXISBANK BUY ABOVE 971 963 992
SELL BELOW 952 961 932
GAIL BUY ABOVE 374 370 381
...
Friday, 13 January 2012
Stock Trading Tips for 16 Jan 2012
Stock Trading Tips for 16 Jan 2012
Scrip Trigger Price Stop Loss Target 1
ABB BUY ABOVE 712 706 730
SELL BELOW 698 704 380
ONGC BUY ABOVE 262 259 269
...
Thursday, 12 January 2012
Stock Trading Tips for 13 Jan 2012
Stock Trading Tips for 13 Jan 2012
Scrip Trigger Price Stop Loss Target 1
HINDUNILVR BUY ABOVE 398 394 408
SELL BELOW 390 393 380
HDIL BUY ABOVE 71 70 73
...
Wednesday, 11 January 2012
Supreme Court orders unsealing of T.Nagar shops for six weeks
Special leave petitions
A Bench of Justice Dalveer Bhandari and Justice Dipak Misra passed the order on special leave petitions from the Ranganathan Street Merchants Association and others against the Madras High Court order of December 21, 2011 asking them to approach the monitoring committee for relief.
The Bench passed the order...
Chief Minister J Jayalalithaa Comprehensive Health Insurance Scheme from Tomorrow
The Govt. of Tamil Nadu has formulated the Chief Minister’s Comprehensive Health Insurance Scheme to provide free medical and surgical treatment in Government and Private Hospitals through insurance coverage to eligible families in Tamil Nadu and issued Guidelines for implementation of the Scheme.
Inaugurated by Chief Minister J Jayalalithaa...
Stock Trading Tips for 12 Jan 2012
Stock Trading Tips for 12 Jan 2012
Scrip Trigger Price Stop Loss Target 1
ABAN BUY ABOVE 382 378 392
SELL BELOW 374 378 364
EDUCOMP BUY ABOVE 217 215 222
...
Tuesday, 10 January 2012
FDI in retail - Govt clears 100 per cent FDI in single-brand retail
The government on Tuesday cleared 100 per cent FDI in single-brand retail, paving way for global chains like Adidas, Nike, Louis Vuitton and Gucci among others to have full ownership of their India operations.
At present, 51 per cent FDI is permitted for single-brand retailers.
The decision to increase foreign direct investment (FDI) in single-brand retail was taken by the Cabinet on November 24 along with opening the gates...
Stock Trading Tips for 11 Jan 2012
Stock Trading Tips for 11 Jan 2012
Scrip Trigger Price Stop Loss Target 1
HINDUNILVR BUY ABOVE 399 395 409
SELL BELOW 391 395 381
HDFCBANK BUY ABOVE 464 460 476...
Monday, 9 January 2012
Stock Trading Tips for 10 Jan 2012
Scrip Trigger Price Stop Loss Target 1
FINANTECH BUY ABOVE 576 571 591
SELL BELOW 565 570 550
JINDALSTEL BUY ABOVE 483 479 ...
Friday, 6 January 2012
Stock Trading Tips for 07 Jan 2012
Stock Trading Tips for 07 Jan 2012
Scrip Trigger Price Stop Loss Target 1
AANJANEYA BUY ABOVE 496 492 502
SELL BELOW 487 491 474
GAIL BUY ABOVE 384 381 394
...
Thursday, 5 January 2012
JSW Energy promoter pledges 6.78% stake in company
JSW Energy today said one of its promoter entities, Sun Investments, has pledged 6.78 per cent stake of the company.
However, the financial details were not disclosed. Sun Investments pledged 5,40,000 shares of JSW Energy on December 28, according to a regulatory filing.
These 5,40,000 shares have been pledged in favour of L&T Finance, the filing said.
Sun Investments Private Ltd's shareholding in the company stood at 16.52...
Stock Trading Tips for 06 Jan 2012
Stock Trading Tips for 06 Jan 2012
Scrip Trigger Price Stop Loss Target 1
UNIONBANK BUY ABOVE 173 171 177
SELL BELOW 169 171 165
WIPRO BUY ABOVE 419 415 430 ...
Tuesday, 3 January 2012
RIL to fund Network 18, sell stake in Eenadu TV
Reliance Industries and Network 18 group today joined hands for a multi-layered deal, under which the Mukesh Ambani-led corporate giant would sell a part of its interest in Eenadu TV channels and would also fund promoters of the media group.
RIL did not specify the exact financial details of various transactions. Network 18 group company TV18 in a separate statement said its board has approved an outlay of up to Rs 2,100 crore...
Sebi allows company owners to auction stakes on bourses
Market regulator the Securities & Exchange Board of India (Sebi) said on Tuesday it would allow owners of the top-100 companies by market value to raise funds by auctioning their stakes through stock exchanges.
The offer has to be for at least 1% of the company's paid-up capital which should be worth a minimum of Rs 25 crore, the Sebi said.
Company owners can sell shares through stock exchange deals but they will not be...
Govt approves RIL's $1.5 bn KG-D6 satellite field plan
The government today approved Reliance Industries' (RIL) $1.529 billion investment plan for developing four satellite fields in the flagging KG-D6 block after sitting on the proposal for months.
The investment plan, which will help boost falling output in the Krishna-Godavari Basin KG-D6 block, has been pending with the authorities for two years and it took some prodding from top government functionaries for it to be cleared.
The...
Sebi, RBI work on QFI nitty-gritty
Market regulator Sebi and banking watchdog RBI are working out the nitty-gritty of the likely entry of qualified foreign investors (QFIs) into India so that the just-announced scheme for other nationals besides pension funds and similar entities from abroad could be operationalised by January 15.
The idea now is rather sketchy. For instance, it is yet to be decided whether equity that QFIs purchase will have voting rights. Yes,...
SEBI consider new norms to make PSU divestment easier
The market regulator will be considering quite a few measures that could have hard hitting impact on capital markets.
In this meet, SEBI may consider allowing promoters to auction their shares on the exchange, where they will specify a floor price and allow investors to bid at any price higher than that. Also expected are norms on divestment by PSUs. Quite a few PSUs like ONGC have been looking to raise funds for some time now.
Another...
Sebi launches toll free helpline in 14 languages
Market regulator Sebi has launched a toll free helpline for investors to provide guidance and assistance on various matters such as lodging complaints and transferring shares.
The number - 1800227575 - will be available to investors from all over India in 14 languages, the Securities and Exchange Board of India said in a notification 02.01.2012.
The service can be used for seeking guidance on issues ranging from status of companies...
Stock Trading Tips for 04 Jan 2012
Scrip Trigger Price Stop Loss Target 1
MARUTI BUY ABOVE 962 953 983
SELL BELOW 943 952 922
MMTC BUY ABOVE 625 620 640
...
Stock Trading Tips for 02 Jan 2012
Stock Trading Tips for 02 Jan 2012
Scrip Trigger Price Stop Loss Target 1
BANKBARODA BUY ABOVE 673 666 690
SELL BELOW 658 664 645
JINDALSTEL BUY ABOVE 457 453 ...
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