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Archive for September, 2008

ICICI Bank leads todays gain in sensex

ICICI 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 [...]

Bharat Heavy Electricals Bags 990 Rs Crore order

Bharat 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 [...]

Dow Jones fall by 777 Points – Biggest Ever Fall

Dow Jones fall by 777 Points – Biggest Ever Fall

Dow 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 [...]


SUMMARY 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 [...]

Emergency Economic Stabilization Act of 2008 Bill Ready in US Congress For Vote

So 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 [...]

Kernex Microsystems wins order worth 16.5 million US dollar

Kernex 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 [...]

Company Corporate Action for october 2008

Coming 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 - [...]

Indo US Nuclear Deal Finally Passed in US Congress

I 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 [...]

Aban Offshore wins order worth 178 crore

Aban 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 [...]

McNally Bharat receives order worth 115 crore

McNally 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 [...]

United Phosphorus Bonus – Record Date Announced

United 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 [...]

Inflation at 12.14 percent for week ending September 13 2008

Inflation is unchanged at 12.14% for the week ended September 13 , analyst was expecting to raise to 12.23 percent .

JP Morgan Buys Washington Mutual For 1.9 Billion Dollar

JP Morgan Buys Washington Mutual For 1.9 Billion Dollar

JPMorgan 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 [...]

Dow Jones Up by almost 200 points

Dow Jones Up by almost 200 points

After 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 [...]

Simplex Infrastructure bags order worj 630 crore from Dubai

Simplex 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 [...]

Shriram EPC wins 2 orders worth 315 crore

Shriram 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 [...]

Larsen and Toubro secures order worth 5000 crore

Larsen 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 [...]

Core Projects bags order from Karnataka State Open University

Core 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).

Goldman Sachs gets 5 billion dollar funding from Warren Buffett

Goldman 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.

Dow Jones down by 161 points

Dow Jones down by 161 points

Dow 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 [...]

Punj Lloyd awarded project worth 800 Million Dollar

Punj 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 [...]

Nagarjuna Construction bags order worth 413 crore

Nagarjuna 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 [...]

Geodesic Information System name changed to Geodesic

Geodesic 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

Dow Jones Down by 372 points after Unclear about Bailout Plan

Dow Jones Down by 372 points after Unclear about Bailout Plan

Us 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 [...]

Lanco Infratech wins order worth 309 crore

Lanco 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 [...]

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