- Author: Subramanian
- Filed under: Bank
- Date: Sep 30,2008
Tagged with:
Bank •
icici bankICICI bank acted as the main stock in the index leading other bank stock to gain and finally having the sensex go to this place.Yesterday ICICI Bank clarified that 98% of ICICI Bank UK PLC’s non-India investment book is rated investment grade and above and today Reserver Bank of India said that ICICI Bank, They have sufficient liquidity and also ssured that its subsidiary banks abroad are well capitalized. Central Bank added to the exisiting worries that it was monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at its branches/ ATMs.
- Author: Lalitha
- Filed under: order_news
- Date: Sep 30,2008
Tagged with:
bhel •
order_newsBharat Heavy Electricals informed the market that it has bagged an order worth Rs 990 crore for setting up a thermal power plant in Rajasthan.The Stock is quoting at 1580 at 4.00 clock just 15 minutes before closing .
Financials
Bhel’s net profit went up by 33.1 percent to Rs 384.41 crore on 33.9 Percent increase in net sales to Rs 4329.24 crore in Q1 June 2008 compared to Q1 June 2007.
Tagged with:
crash •
dow jones •
market crash •
World MarketDow Jones falls by more 777 points biggest ever fall in the history of Dow Jones ,It most looses 1.2 trillion dollar in Market Value.The market started in Red after hearing to Wachovia’s buy by citibank and also after hearing to troubles European mortgage company the market started falling down more after they heard that the house as rejected the Bailout plan.
What crashed the market
>House of Representatives rejects $700 billion financial plan; Stocks plummet most since 1987
>Wachovia banking operations acquired by Citigroup for roughly $2 billion in deal facilitated by FDIC
>Several European financial firms bailed out
>Credit markets remain tight; Investors flock to Treasuries in a flight-to-safety
Tagged with:
bailout •
us bailout •
World MarketSUMMARY OF THE “EMERGENCY ECONOMIC STABILIZATION ACT OF 2008”
I. Stabilizing the Economy
The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion
to the Secretary of the Treasury to buy mortgages and other assets that are clogging the
balance sheets of financial institutions and making it difficult for working families, small
businesses, and other companies to access credit, which is vital to a strong and stable
economy. EESA also establishes a program that would allow companies to insure their
troubled assets.
II. Homeownership Preservation
EESA requires the Treasury to modify troubled loans – many the result of predatory
lending practices – wherever possible to help American families keep their homes. It
also directs other federal agencies to modify loans that they own or control. Finally, it
improves the HOPE for Homeowners program by expanding eligibility and increasing
the tools available to the Department of Housing and Urban Development to help more
families keep their homes.
III. Taxpayer Protection
Taxpayers should not be expected to pay for Wall Street’s mistakes. The legislation
requires companies that sell some of their bad assets to the government to provide
warrants so that taxpayers will benefit from any future growth these companies may
experience as a result of participation in this program. The legislation also requires the
President to submit legislation that would cover any losses to taxpayers resulting from
this program from financial institutions.
IV. No Windfalls for Executives
Executives who made bad decisions should not be allowed to dump their bad assets on
the government, and then walk away with millions of dollars in bonuses. In order to
participate in this program, companies will lose certain tax benefits and, in some cases,
must limit executive pay. In addition, the bill limits “golden parachutes” and requires
that unearned bonuses be returned.
V. Strong Oversight
Rather than giving the Treasury all the funds at once, the legislation gives the Treasury
$250 billion immediately, then requires the President to certify that additional funds are
needed ($100 billion, then $350 billion subject to Congressional disapproval). The
Treasury must report on the use of the funds and the progress in addressing the crisis.
EESA also establishes an Oversight Board so that the Treasury cannot act in an arbitrary
manner. It also establishes a special inspector general to protect against waste, fraud and
abuse
Source:US House.Gov
Tagged with:
bailout •
bailout plan •
World MarketSo after a long weekend work US Congressional leaders informed and also released the text of a proposed bill which was the one they had been fighting in congress to approve ,This will help to provide up to $700 billion to clean up the US financial System. The bill which was officially named as the Emergency Economic Stabilization Act of 2008, As detailed that it will allow the Treasury to buy mortgages and other assets that are there in the troubled balance sheets of financial institutions.This not only safeguards company they have added provision that way It will help families avoid foreclosure of their homes. This also talks abt reducing tax benefits for the company and also limits executive pay.Most of the senate members dint really like the Executives taking golden parachutes even though the company is deep trouble , so they have made sure they are doing something about that when you use tax payers dollars.So finally the bill is ready and it has to come to vote in congress and then has to get signed in the Senate .Think its might happen between Monday to Wednesday.
Please read the Emergency Economic Stabilization Act of 2008 Bill Draft here.
- Author: Lalitha
- Filed under: order_news
- Date: Sep 28,2008
Tagged with:
order_newsKernex Microsystems (India) informed the market that they have won order worth $16.5 million from the Egyptian railway for 136 automatic gates.The company was not doing good in previous qtr , but think we are expecting more orders from Indian railways.One of the best company or may be one of the best known company for Railway Automatic Signalling.
Financial
Kernex Microsystem reported a net profit fall of 26.7 percent to Rs 1.07 crore on 8.8 percent rise in sales to Rs 5.08 crore in Q1 June 2008 compared to Q1 June 2007.
Tagged with:
Bonus •
book closure •
ex date •
ex dividend •
Record DateComing week we have lot of stock going EX Bonus which include larsen toubro and Valecha engineering and more .
| Scrip Code |
Scrip Name |
Ex-Date |
Purpose |
Rs. |
| 513729 |
ARO GRANIT I |
26-Sep-08 |
BONUS 1:2 |
- |
| 532668 |
AURIONPRO SO |
26-Sep-08 |
Dividend |
1.75 |
| 506197 |
BLISSGVS PH |
26-Sep-08 |
BONUS 3:5 |
- |
| 504084 |
KAYCEE IND |
26-Sep-08 |
Final Dividend |
10 |
| 522241 |
M M FORGINGS |
26-Sep-08 |
BONUS 1:1 |
- |
| 519260 |
SANWAR AG OI |
26-Sep-08 |
BONUS 1:1 |
- |
| 500405 |
SUPREME PET |
26-Sep-08 |
Dividend |
1 |
| 590085 |
GLOSTER JUTE |
29-Sep-08 |
BONUS 1:1 |
- |
| 502335 |
JOLLY BOARDS |
29-Sep-08 |
BONUS 4:1 |
- |
| 511618 |
JIK INDUSTR |
1-Oct-08 |
Reduction of Capital |
- |
| 500510 |
LARSEN & TOU |
1-Oct-08 |
BONUS 1:1 |
- |
| 500260 |
MADRAS CEMNT |
1-Oct-08 |
Stock Split from Rs. 10/- to Re. 1/- |
- |
| 500260 |
MADRAS CEMNT |
1-Oct-08 |
BONUS 1:1 |
- |
| 501343 |
MOT GEN FINA |
1-Oct-08 |
Interim Dividend |
2 |
| 532478 |
UNITED BREW |
1-Oct-08 |
Interim Dividend |
0.15 |
| 532389 |
VALECHA ENGI |
1-Oct-08 |
BONUS 1:2 |
- |
| 532647 |
PROVOGUE IND |
3-Oct-08 |
Stock Split from Rs. 10/- to Rs. 2/- |
- |
| 509930 |
SUPREM IND |
3-Oct-08 |
Final Dividend |
4.5 |
| 532155 |
GAIL INDIA |
6-Oct-08 |
BONUS 1:2 |
- |
| 504036 |
HIND RECTIFI |
6-Oct-08 |
BONUS 1:1 |
- |
| 501061 |
S BK BIKANER |
7-Oct-08 |
Stock Split from Rs. 100/- to Rs. 10/- |
- |
| 500125 |
EID PARRY |
8-Oct-08 |
Dividend |
4 |
| 507815 |
GILLETTE IND |
8-Oct-08 |
Dividend |
12.5 |
Tagged with:
indo - us nuclear deal •
nuclear dealI was almost awake until 4 in the morning to know if the nuclear deal is passed or not and now i hear that the Deal has been passed in the US House of Representatives.which almost ends the three-decade ban on US nuclear trade with India.It passed in the Us congress by a margin of 298-117.The Bill has finally reached Us senate for Approval which might happen coming week only.
Tagged with:
aban offshore •
order_newsAban Offshore infromed the market that they have won order worth 178 crore for 180 days worth projects with Husky Oil China for multiple well-drilling program , The stock closed almost down by 10 percent down to almost 2100 rs .
Financial Side
On the Financial side Aban offshore gave a mind blowing profit surge of 152 percent to Rs 71.51 crore on a 93.5 percent increase in net sales to Rs 246.95 crore in Q1 June 2008 compared to Q1 June 2007.
- Author: Lalitha
- Filed under: Results
- Date: Sep 28,2008
Tagged with:
McNally Bharat •
order_newsMcNally Bharat Engineering Company infromed the bourses that it had bagged an order worth almost 115 crore from BHEL Bangalore , The stock almost surged 3.75% to Rs 108.05 after the news came out but on closing it was down by 2.15 percent at 102 rs.
Financial’s
McNally Bharat announced a not so good result as its net profit fell 7.1 percent to Rs 4.07 crore on 18.6 percent increase in net sales to Rs 131.80 crore in Q1 June 2008 compared to Q1 June 2007.
Tagged with:
Bonus •
Record Date •
united phosphorusUnited Phosphorus informed the market yesterday that they have fixed the record date for the 1:1 Bonus issue that they have proposed. The stock has dropped by 3 percent or so after the announcement .
Financial s
On the financial side United Phosphorus announced a net profit surge of 57.9 percent to Rs 46.63 crore on 51.7 percent increase in net sales to Rs 509.85 crore in Q1 June 2008 compared to Q1 June 2007.
Tagged with:
InflationInflation is unchanged at 12.14% for the week ended September 13 , analyst was expecting to raise to 12.23 percent .
Tagged with:
buyout •
jp morgan •
jpm •
wamu •
washington mutualJPMorgan Chase infomred yesterday that it bought into the banking assets of Washington Mutual on late thursday evening , Washington Mutual was declared as the biggest ever bank failure of the Nation , they had been seized by federal regulators, Think this saves another 2 billion from US tax payers money.
About the Deal:
There are lot of Depositers who are not sure of there money , think there is nothing to worry , JPMorgan Chase will acquire all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits.Which means the deposit is in safe hand now.
What is the cost of the Deal
As the bank is seized by federal reserve JPMorgan Chase will pay approximately $1.9 billion to the Federal Deposit Insurance Corporation.They are also in a plan to raise $8 billion in additional capital through the sale of stock as part of the deal.
Tagged with:
bull •
dow jones •
World MarketAfter 3 day of loosing points finally Us market enjoyed the day yesterday by closing in green , because Congress has essentially agreed on the terms of the $700 billion bank bailout plan.Some are saying they might start with 250 billion dollars and slowly raise may be .When there is more dollars in market then dollars would fall which it did yesterday against major currencies and oil and gold prices fell.
What moved the market
>August new home sales, August durable goods orders,
>Weekly jobless claims worse than expected
>General Electric cuts outlook, suspends stock repurchase plan
>Investors assess stream of earnings results from non financial firms
Tagged with:
order_news •
Simplex InfrastructuresSimplex Infrastructure which is one of the indias many available infrastructure solution company informed the company that it has bagged order worth AE$ 525 million which is almost like 630 crore in rs.The project is to construct the 2nd tower of the Twin-Tower Complex “G-Emporium” in the city of Arabia, Dubai. Execution time of the project is 30 months.The project is executable over next 30 months.
Tagged with:
order_news •
shriram epcShriram EPC informed the market today that they have won two orders worth Rs 315 crore for SAIL Both the orders are having almost duration of 24 and 18 months.Shriram EPC is a leading integrated engineering service provider for renewable energy projects.The first order is won with Hutni Project Frydek-Mistek a. s., Czech Republic which is one of the company in the consortium that won the order.
Tagged with:
construction •
larsen toubro •
order_newsLarsen and Toubro informed the market about its development that happening on one of its newly formed company which is formed to concentrate on buildings & factories operating company which is considered to be one of the part of its construction vertical, They updated that that company has bagged more than 5000 crore worth project in the second quarter of 2008-09
Client base
NESCO, Godrej Properties, PBEL Property Development (India), Om Prakash Jindal Grahmin Jan Kalyan Sansthan and Mahi Cement.
Tagged with:
core projects •
order_news •
TechnologyCore Projects informed the market today that it has won the contract for implementing FAIM which is its flagship product used across the worls and the same will be implemented for Karnataka State Open University, This is for Admissions and Examinations Management System,to Karnataka State Open University (KSOU).
Tagged with:
Bank •
Goldman Sachs •
warren buffettGoldman Sachs is in look out for funding and finally they have some good news from oracle of omaha , It will receive a $5 billion funding from Warren Buffett’s Berkshire Hathaway, an investment that could also raise confidence in the venerable Wall Street firm.Then its going to do sale of common stock to raise 2.5 billion dollar.
Tagged with:
dow jones •
World MarketDow Jones down again on 2nd day of the week after by 161 points , Nothing was sure on the bailout plan which they are still arguing in the Congress.There was a swing from red to green to again finally closing in red.
What was moving the market.
>Chairman Bernanke, Treasury Secretary Paulson, and SEC Chairman Cox testified on financial market turmoil before Senate Banking Committee
>Paulson, Bernanke defend plan to buy up to $700 billion in illiquid assets from financial institutions
>Oil prices fall 2%
>Berkshire to invest 5 billion dollar in Goldman Sachs.
Tagged with:
order_news •
Punj LlyodPunj Lloyd, which had won some order yesterday again is blessed with some more order this one is too big , they informed the market that it has been awarded the engineering, procurement, installation, and commissioning of strategic gas transmission project worth US$ 800 million (Rs 3636 crore), from Qatar Petroleum. The project Includes laying of 211 km of pipeline with associated stations and infrastructure.The order Execution time is 32 months.
- Author: Lalitha
- Filed under: order_news
- Date: Sep 23,2008
Tagged with:
nagarjuna contruction •
order_newsNagarjuna Construction informed the market that they have secured four new orders totaling around 413 crore.
Order Details
> 1st order which is worth around Rs 229 crores is secured from the Chief Engineer, MSEDCL, Mumbai Execution time for this order is 2 years.
> 2nd order which is worth around 73 crore from the engineer-in-chief public health, Hyderabad for design and execution of Eluru water supply scheme ,The Execution time for the same is 18 Months.
> 3rd order is valued at Rs 61 crore is from the Info Park, Thapasya, Kusumagiri, Kochi for construction of 5.5 lakhs sq. ft. software development buildings ,the execution time for this is also 18 months.
> 4th order is worth around Rs 50 crores from the APIICL, Hyderabad ,Execution time is 1 year.
- Author: Lalitha
- Filed under: Technology
- Date: Sep 23,2008
Tagged with:
geodesic •
name changeGeodesic Information Systems informed the market that it had changed its name from Geodesic Information System to Geodesic with effect from 19 September 2008. It is a leading software products company focusing on content, communication & collaboration space across desktops and mobile devices
- Author: Lalitha
- Filed under: Results
- Date: Sep 23,2008
Tagged with:
crash •
dow jones •
us market •
World MarketUs market was down from the starting session and dint ever turn back to green , Dow jones mainly down by 372 points or so .
What was Moving the Market
> As you had saw in my earlier post Goldman Sachs, Morgan Stanley was converted to traditional banking structure
>The Bailout Plan that the Treasury wants to buy up to $700 billion in bad mortgage assets from financial institutions , This was not yet clear to the investors which led in the market to bow down.
>Microsoft announces $40 billion share buyback plan, raises quarterly dividend by 18%; Hewlett-Packard authorized additional $8 billion for share repurchases
>Oil prices rally roughly 15% for October delivery; Prices gain roughly 6% for November delivery
> Gold is getting stronger in the international market.
Tagged with:
lanco infra •
order_newsLanco Infratech infromed the market today that they have secured order worth 308.98 crores today , in Breifing about the order they informed that it got the order from Andhra Pradesh Health & Medical Housing & Infrastructure Dev. Corporation (APHMHIDC) for the construction of buildings for Rajiv Gandhi University of Knowledge Technologies IIIT at Basara in Adilabad District in Andhra Pradesh .
Tagged with:
Maytas Infra •
order_newsMaytas Infra, a Hyderabad based construction and infrastructure company informed the market today that they have won 2 prestegious power project totalling 480 crore from MSEDCL under infrastructure development plan.
Order Details
> 1st order for Rs 214.77 crore is from MSEDCL under Mahavitaran, Infra Plan in Beed & Nanded Districts of Lathur Zone.
> 2nd Order for Rs 265.9 crore is from MSEDCL under Mahavitaran, Infra Plan in Ahmed Nagar District of Nasik Zone.
- Author: Lalitha
- Filed under: Results
- Date: Sep 22,2008
Tagged with:
order_news •
roto pumpRoto Pumps informed the market that they have bagged a major order valuing Rs 3.6 crore from Larsen & Toubro for Rajasthan Northern Area Development Project of Cairn Energy India. This is like a outsourcing contract from larsen toubro to Roto Pump , we already know abt the parent order for larsen toubro from Cairn energy which was considered one of the biggest order for Larsen toubro which was like won in the midst of heavy competition.
Tagged with:
order_news •
Punj LlyodPunj Lloyd Upstream which is a subsidiary of Punj Lloyd informed the market that the company has received a letter of intent from Waha Oil Company, Libya saying that they have won the contract for execution of a contract for drilling exploratory wells in the Gialo oilfield of the prolific Sirte Basin, The contract is worth 42 million Us dollar and when compared to rate of 45 rs per dollar the order is worth 189 crore.
Tagged with:
order_news •
Technology •
Tulip TelecomTulip Telecom, informed the market today that it has been awarded the Madhya Pradesh State Wide Area Network Project.The project os worth 95 crores and Tulip’s work in this project is to deploy, manage and operate the entire network for a period of five years as per the agreement signed between MP State Electronics Development Corporation and Tulip.This means the total revenue is the total for 5 years of the contract time .
- Author: Geetha
- Filed under: Bonus
- Date: Sep 22,2008
Tagged with:
Bonus •
jaipan industriesJaipan Industries informed the market today that on thwe meeting thats going to be held on october 6th 2008 , they are going to talk on these following things .
>To consider the issue of Bonus Shares.
>To consider the proposal for raising the equity by issue of GDR / FCCB.
>To review the progress of expansion of Business
After hearing the bonus info they are already up by 5 percent and think they have hit upper circuit.
Tagged with:
Dolphin Offshore •
order_newsDolphin Offshore Enterprises India has received contracts from 2 company totalling almost 16 million dollar or almost 72 crore ,
Order Details
>charter hire of DP / DSV Vessels from Leighton India worth US$ 10 million. Execution time is just 3 months.
>Received another contract from Punj Lloyd worth US$ 6 million. execution time is 2 months so this sales of 72 crore will add up in next qtr results.
Financials
On the financial side Dolphin Offshore Enterprises India’s net profit surged 241.7 percent to Rs 8.44 crore on 33.3 percent increase in net sales to Rs 66.93 crore in Qtr ending June 2008 compared to Qtr ending June 2007. Annualized EPS is at Rs 35.31.
Tagged with:
pantaloon •
ResultsPantaloon Retail declared its june ending 2008 quarter results almost after 3 months .
Net Profit
Its Net profit rose 74.24 percent to Rs 32.53 crore in the quarter ended June 2008 when compared to Rs 18.67 crore during the previous qtr end June 2007.
Sales
Its Sales rose 35.48 percent to Rs 1381.38 crore in the quarter ended June 2008 as against Rs 1019.64 crore during the previous qtr end June 2007.
Tagged with:
Bank •
bank holding •
Goldman Sachs •
merrill lynch •
morgan stanleyYet another improvement to cleanup the wallstreet mess , Fed as approved Morgan Stanley’s and Goldman Sachs to become Bank Holding Company, Which also allows both the company to directly access the wider loan facility that is normally available for all the banks .This would really help in increasing the liquidity within the company , This offer has been extended to Merrill Lynch also which was bought over by Bank of America.
Tagged with:
Forex •
gold price •
oil priceHi all , i have just added links to Daily Indian gold price , oil price per barrel and also whats the rate of rupee when it comes to US Dollar , so have added all the three as pages on the main menu, if you see this image you can easily identify.
Tagged with:
Dividend •
Mutual FundI was not really updating much information on mutual fund dividend lately will make sure from now on this section is updated.
Fund
Name |
Record
Date |
Dividend
Rs/Unit |
| ICICI Pru Power (D) |
12/9/2008 |
1.5 |
| UTI Pharma & Health (D) |
26/08/08 |
1.5 |
| ICICI Pru Dynamic Plan (D) |
22/08/08 |
2 |
| ICICI Pru FMCG Fund (D) |
22/08/08 |
2 |
| Franklin Infotech Fund (D) |
20/08/08 |
2.5 |
| Birla SL Frontline Equity (D) |
8/8/2008 |
2 |
Tagged with:
bailout •
dow jones •
taxpayer •
us finanical market •
wallstreet •
World MarketYes i know the title should be saying US Financial market bail out program by Us congress but sorry guys its the US tax payers money that is going to be used here .
>How big is the bailout plan ?
Its almost 700 billion dollars or so.
Is this Enough to Fix the Financial Mess
No idea they are planning any amount between 500 billion to 1 trillion dollar to fix this issue .
Is this amount after already given Bailout Money
I’m seeing in all sites that this bailout money is after already paid bailout money for AIG,Fannie , bear stearns and because these all together itself is costing almost 150 billion dollar.
Where is this Big amount going to Come from
Every other website say its America tax payers think its all the tax payer irrespective of he is American or Indian , its all in US who pay Tax , they will be using that money to cleanup wallstreet mess.
Tagged with:
bull run •
dow jones •
global market •
World MarketSo finally after falling down by more than 1000 points it recovered yesterday by 410 points that to after noon or so , when it was closing it went up by 410 points all because of one reason .
>There is a report that US Treasury may do the same type of bail out for financial like Resolution Trust Corporation-type solution , which they did during 1980 , so after hearing to this news all the US financial rebounded .We will know about this over weekend as it might take time for them to come with a final draft on this.
What moved the market
>Treasury may use a Resolution Trust Corporation-type solution to current economic turmoil so finally Financials lead rebound
> The weekly jobless claim reached 450000 and its continuing to increase.
>Banks look for buyers and partners
>FedEx showed decrease in profit due to oil price but provides upbeat outlook
- Author: Lalitha
- Filed under: Inflation
- Date: Sep 19,2008
Tagged with:
Economic Data •
InflationInflation figures came out yesterday for week ending september 6th 2008 , everyone was expecting it might come down to 12.03 to 12.06 percent , but it increased from 12.10 to 12.14 percent .
Tagged with:
dalhi jal •
order_news •
prathiba industriesPratibha Industries informed the market today that they have secured water transport related order and the order is for design, construction of water supply scheme along with ancillary work from Delhi Jal Board.The total value of the contract is Rs 156 crore.The execution time for the project is 21 months.
Financial
Pratibha Industries net profit increased by 93.8% to Rs 11.61 crore and on the sales side it saw a increase of 169.7% to Rs 177.81 crore in Q1 June 2008 compared to Q1 June 2007.
Tagged with:
kec intrnational •
ntpc •
order_news •
power gridKEC International informed the market that they have bagged two different Power transmission orders one from NTPC electric supply company for total cost of 124 crore and the other From Power grid corporation of india for Rs 55 crore .Both the orders are slated to be finished by March 2010 , both the orders are bagged under RGGVY scheme on in orissa and other one in jharkand.
Financial
They showed a net profit increase of 0.8 percent which is about to Rs 25.50 crore on 17.3 percent increase in net sales to Rs 600.05 crore in Q1 June 2008 compared to Q1 June 2007.
Tagged with:
global market •
merger •
morgan stanley •
wachovia •
World MarketThis year should be officially declared as Year of Merger and Bankruptcy in US.Morgan Stanley is looking for a option to merge itself with with Wachovia Corp. and several other banks, The problem is even after a showing a profit they cant stop the falling price of there stocks and in order to regain investor confidence they need to do something that’s better for investor and also the company .Will let you know on further development on this.
Tagged with:
crash •
World MarketDow jones yesterday again had a worst day by going down almost 450 points which was like the lowest after November 2005.
Index Changes
>Dow Jones industrial average (INDU) lost 449 points, or 4%
>Standard & Poor’s 500 (SPX) index lost 4.7%
>Nasdaq composite (COMP) lost 4.9% .
What Moved The market
>Morgan Stanley announced its third quarter earnings it earned $1.32 per share more than the expectations of .78 dollar per share.
>Treasury sets up temporary financing program for Fed; SEC to implement stricter short-selling rules
>New housing starts declining 6.5% to 895,000, which is the lowest rate since January 1991
Tagged with:
McNally Bharat •
order_newsMcNally Bharat Engineering Company informed the bourses that they have received an Order worth Rs 87.12 crores from Damodar Valley Corporation for design, engineering, supply, erection, testing and commissioning of combined ash slurry disposal system for both coal based Bokaro TPS ‘A’ 1x(500 MW + 20%) and ‘B’ (3×210 MW) .
Tagged with:
order_news •
shriram epcShriram EPC informed the market that they have been awarded two orders amounting to Rs 80 crore from Rashtriya Ispat Nigam Ltd for its Visakhapatnam Steel Plant.
Order Details
> First order is to design, manufacture, supply of indigenous plant and machinery and equipment for the Special Bar Mill (SBM).
>Second order is for storage, handling, erection, testing, commissioning and PG tests for the SBM.
Tagged with:
era infra engineering •
order_newsEra Infra Engineering Ltd. informed the market today that there own construction & contracts division have won 2 contracts totaling to 123 crore from Central Public Works Department .
Order Details
>First contract worth Rs 70.75 cr This project, third in a row is to be executed by July 2009 and for Commonwealth Games 2010.
>Second contract worth Rs 52.55 cr for Banaras Hindu University .The execution time is until May 2010.
Tagged with:
ericsson •
order_news •
tcsTCS informed the market today that it has signed a five year global contract with Ericsson which is the world leading supplier of telecommunication equipments ,and the deal is to deliver application maintenance and development services for Ericsson’s internal IT operations.TCS is like one of the two strategic partners that will deliver application maintenance services to Ericsson and a preferred supplier for application development services.
Tagged with:
Bonus •
gujarath nre •
Record DateGujarat NRE Coke Ltd has informed the market that ion the meeting that was held on September 17th 2008 they have fixed October 20, 2008 as record date for the proposed bonus issue.The stock closed the day at Rs.66.50, down by Rs.3.30.
Tagged with:
AIA Engineering •
stock splitAIA Engineering Ltd informed the market that it has fixed October 18, 2008 as the Record Date for the proposed Stock Split of Equity Shares , its stock split from Rs 10 to Rs 2.
- Author: Lalitha
- Filed under: Results
- Date: Sep 17,2008
Tagged with:
Goldman Sachs •
Results •
WorldmarketYesterday was day of happening for Us financial Market , So many company trying to sell themselves and raise fund and on the other side Peer of Merrill lynch and Lehman brothers which is Goldman Sachs declared there results yesterday , and the result is its
Net Profit
profits fell 70 percent to $845 million, or $1.81 a share, which is for the third quarter ending in August 2008. On the same quarter previous year 2007 they reported a profit of from $2.85 billion, or $6.13 a share.The market was only expecting a profit of $1.71 a share.So the market took just in a good mood.
Revenue :
Net revenue was down more than 50 percent to $6.04 billion from $12.3 billion during the same period last year,They where projecting $6.2 billion.
- Author: Lalitha
- Filed under: Results
- Date: Sep 17,2008
Tagged with:
bankruptcy •
barclays •
lehman brothersSo in another improvement over US financial status , its known that Barclays PLC might buy into Lehman Brothers’ North American investment banking and capital markets businesses for $250 million in cash.This is something which they where not able to do before bankruptcy , might be they would have asked for more cash .
Subscribe to Rupya
