- Author: Lalitha
- Filed under: politics
- Date: Nov 30,2008
Tagged with:
india •
Manmohan Singh •
Minister for Home Affairs •
Mumbai •
mumbai terror attack •
politics •
terror •
TerrorismAfter the Mumbai terror attack everything was clear that Mr.Home Minister dint do his homework which has led to this big loophole.Im just thinking if we are given a job like this we will be like traveling to every state not just the metros but to every state make sure law and order is under control and see if all the state is safe from all the side , I’m not saying we will do this all the time at least when we know that there is terror attack happening anyway he dint do the job so he had quit now.
Dr.Manmohan Singh has forwarded the resignation to the president and also then recommended the former finance minister Chidambaram as the new home minister and the finance ministry would be directly controlled by Prime minister himself.
He is Out
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He is In
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daily market update •
sensex Sensex closed in green after Mumbai terror attack , Today was also considered the last day for the November settlement. It closed the day at 9,092.72 gaining almost 66 points but it really swung like 268.44 points between an high of 9,157.62 and low of 8,889.18.
Tagged with:
mumbai terror attack •
terror attackFeel first sorry to first use mumbai terror attack as irony here, when the terror strikes a country that first thing that will get affected is tourism it might come to normal based on how deep the attack is and om who the attack is , as you would have seen that this latest mumbai terror attack is mainly focussed on foreigners.These are the stock that got affected and im sure that will go for another QTR or so in the results to come .
Hotel stocks – Directly affected
Indian Hotels
East India Hotels
Hotel Leela
Airline and Travel advisor’s
Jet Airways
Kingfisher Airlines
Thomas Cook
TCI
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Economic Data •
economy •
gdpGDP for second quarter stood at 7.6 Percent Vs 9.3 Percent (Year over Year) and Vs 7.9 Percent (Quarter over Quarter).
Sector wise growth
Manufacturing output stood at 5 Percent (Year over Year),
Construction sector growth in Second QTR stood up 9.7 Percent (Year over Year),
Mining stood up 3.9 Percent Vs 5.5 Percent (Year over Year),
Farm output stood up at 2.7 Percent (Year over Year),
Services growth stood at 9.6 Percent Vs 10.5 Percent (Year over Year)
Industry growth stood at 6.1 Percent Vs 9.4 Percent (Year over Year).
- Author: Lalitha
- Filed under: Inflation
- Date: Nov 28,2008
Tagged with:
Economic Data •
InflationInflation data came in yesterday for week ending November 15 at 8.84 percent which is less compared to 8.90% WOW. It was below the expectations , this it was below expectation they where expecting it at 8.60 or something.
- Author: Lalitha
- Filed under: BseIndia
- Date: Nov 27,2008
Tagged with:
Bombay Stock Exchange •
BSE Sensex •
Exchanges •
Indices •
market closed •
National Stock Exchange of India •
terrorist attackSensex and NSE to remain Close Thursday after terrorist attack in mumbai,earlier it was told they might have the NSE running and everyone can come there and do the trading now sebi has announced both eh market will remain close due to terrorist attack in various places.Trading on Bombay Stock Exchange and National Stock Exchange markets will remain closed on Thursday.RBI will soon decide if there will me money market or not.
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bplr •
lending rate •
Punjab National Bank •
rate cutPunjab National Bank which is the one normally cuts the rate when RBI cuts the crr or lending percentage has even done it again ,Think PNB would be the one who would be lending it for the lowest now.They have decided to reduce the BPLR by 100 bps from 13.50% p.a. to 12.50% with effect from December 01, 2008.They have also cut down the deposit interest rate from 10.50 percent p.a. to 9.50 percent p.a. for deposits of 1 year to less than 3 years.
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KLG Systel •
order_news •
West BengalKLG Systel Ltd informed the market that the Power System Solution (PSS) Division of the Company has been awarded order of Rs 8.36 crores from West Bengal State Electricity Distribution Company Ltd.The order is for the Billing and maintenance .The customer base for west bengal electricity board is almost 3.64 lacs consumers.
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Bank •
BSE Sensex •
bull run •
HDFC Bank •
sensexSensex after a very volatile session closed at 9,026.72 index climbed 331.19 points.The sensex was almost up in the last 1 hr , The banking stock helped the sensex reach this level today.ICICI Bank and HDFC Bank shooting up almost more than 8 percent.Anyway tomorrow was settlement in the derivatives segment so they would have tried to long pending position which would have had the stock to reach this level.At least it closed above the 9000 level.
Tomorrow will be more interesting as the Inflation data is coming and everyone are expecting anytime from RBI to cut the CRR.
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bear •
crash •
senexSensex which had almost surged 200 points from starting is in red now , The market opened the day with support from US market and the Stimulas package that was given to Citibank , but now its almost at red .European market is kind of choppy and may be Sensex is retariating that.Yesterday Finance Minister P Chidambaram said that India is likely(common say it will no likely here)to miss the revenue and fiscal deficit targets in the current financial year as the government wants to spend additional money to boost the aggregate demand in the economy which has shown signs of slowing down. Thus, he said, the Centre would have to go for additional borrowings this year to meet higher expenditure. Higher government borrowing will restrict a further fall in interest rates. So all these line means there is more cut thats in the way.
So over previous week we had been guessing who would be who and finally yesterday President-elect Barack Obama has named his economy cabinet which is really important to take care of US economic crisis or you want call it as global economic crisis .
He has named key members of his administration’s economic team yesterday
>New York Federal Reserve President Timothy Geithner as his Treasury Secretary nominee.
>former Harvard President Lawrence Summers as the director of the National Economic Council.
Great Offshore Ltd has informed the market that the Company has chartered two of its vessels – Malaviya Thirty Three and Gal Ross Sea to Petroleum Marine Services Co., Egypt.
Accordingly, the vessels have commenced operations in the Khafji Oilfields for Saudi Aramco under one year firm charter with option for two more extensions. The aggregate value of the one year firm charter is around USD 22 million.
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fund raise •
shriram epcShriram EPC Ltd informed the market that the company has raised US$ 55 million from investor group led by Olympus Capital Holdings Asia.Which is almost 275 crore.
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Engineering •
order_news •
petron engineeringPetron Engineering Construction Ltd has informed the market that they have received an Order from Engineers India Ltd for Composite Mechanical Works for implementation of EURO-IV Project of Chennai Petroleum Corporation Ltd at Chennai, for a total contract value of Rs 6728 Lakhs.
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C & C Constructions •
Infrastructure •
order_newsC & C Constructions togeather with BSCPL Infrastructure has bagged order to construct the Parliament and a new Indian Chancery in Kabul, Afghanistan. This order is from indian government which they are building it for Kabul, Even though the order is from india its a international order so they have to pay in dollars.This contract is worth US $ 126.94 million (Rs 635 crore) and has been awarded by the Central Public Works Department, Government of India. The Afghan Parliament has to be built in 36 months and the Indian Chancery within 16 months.The order book for the company inclusing this project stands at Rs 2381 crore as on date.
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Alphageo •
ongc •
order_newsAlphageo (India) Ltd has informed the market yesterday that they have bagged order wirth 43.69 crore from ONGC.The share price which went up today morning upto 115 rs has come down to 105 rs.
- Author: Lalitha
- Filed under: order_news
- Date: Nov 25,2008
Tagged with:
atlanta •
order_newsAtlanta Ltd has informed the market yesterday that the company has bagged a contract from Gujarat Industrial Development Corporation in respect of tender submitted by the Company for providing infrastructure for DSL (Dahej SEZ Ltd) at Dahej (Gujarat), the project is almost worth 146 crore.
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bull run •
dow jones •
us market •
World MarketUs stock really saw a bull run yesterday which would have been a dull and red day , at 3.00 pm or so tio was literally up 0 points and from that moment on it went up almost 500 poits to close at 8046 points which is above 8000 points up by almost 494 points , all because of a single reason that US President-elect Barack Obama has decided to nominate New York Federal Bank President Timothy Geithner as his new Treasury secretary.I dont understand if he was good then the policy he would have already have in FED Bank should have helped in soem way to fix the economy , anyway may be i dont have full insight of it , we will see how it goes after he comes in .
Market Movers
>Earnings data
>Speculation about Citigroup sellign part or all of its subsidiary
>Geitner nominated for Treasury Secretary
Know More about Timothy Geithner
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Federal-Mogul Goetze •
Record Date •
right issueFederal-Mogul Goetze (India) Ltd has informed the market that they have started sending the abridged letter of offer and composite application form for the rights issue of the Company to the shareholders whose name is available in the register before record date of november 10th 2008.
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buy out •
Dabur India •
fem careDabur India informed the market that they had bought 72.15% stake in Fem Care Pharma for Rs 203.7 crore ,which will be paid in full cash , They want to use this as the platform to enter into skin care market.They still have to buy an addtional 20 percent stake in Fem care which is required by takeover regulations act of india.Fem care Pharma closed the market yesterday at 656 or so up by 13 rs.
Tagged with:
dial •
gmr infra •
winter It almost winter and when its winter northern state airports are the one where there will lot of delays due to fogsd and other wather condition because of winter, The passengers get staranded or waiting outside in the cold climate in the airport , seeing all these problems GMR Infra has informed that they will take various proactive measure for the Delhi International Airport (P) Ltd (DIAL), which is one of the subsidiary of the Company.
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Business •
citigroup •
crash •
Dow Jones Industrial Average •
Investing •
nasdaq •
S&P 500 •
United States •
US government •
World MarketDow Jones industrial average was down by 5.6% and the Nasdaq was down by 5.1%. They where at the lowest point of march 2003 , and S&P 500 is at its 1997 low .What else you want US government and FED said no to Auto Company bailout.
Market Movers
>Citi plunges 26% – lowest in 15 years
>Jobless claims jump, exceed consensus
>GE seeks investment from sovereign wealth funds
>Citigroup receives increased investment
>S&P dives to lowest level since 1997
>New York Times Co. cuts dividend by 74 percent
Tagged with:
Economic Data •
InflationInflation data has come out morning itself which has stared to give atleast some 50 point releif to the market , the infation for the week ending november 8th stands at 8.9 compared to 8.98 week over week.I saw Mr Rao , wno is from Yes bank started predicting that the inflation will come down to 4.85 percent almost by next year 1st QTr , they are the same analyst who said that next year starting it would see single digit inflation which came like 2 months before itself .So nothing is for sure , We are just not yet into recession which almopst every country is seeing .
What made the Inflation to come down
WPI for commodities down by 0.2% WOW
Fuel group: down 0.9% WoW.
Light and diesel prices: down 11% WoW.
Furnace oil prices: down 9% WoW.
Aviation fuel prices: down 5% WoW.
Atlest for the last one the aviation fuel price which has gone down heavily will play some factor in getting the inflation down , so we can expect the inflation to go doqwn more in coming weeks.This is like good time if they start reducing the oil prices vegetables price might go down and other transportation charges will be less , thus it will help the inflation to go down more.
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crash •
sensex •
Stock Market Crash •
World MarketSensex down by more than 400 points or so due to global bourses melt down , bifty down by almost 123 points or do , Realty down by 7 percent or so ,Bank down by more than 6 percent , Metal,Auto and Power sector almost all down by more than 5 percent.Asian market aslo over all down between 2 to 7 percent.Inflation data also have eased for this week will talk about that in the next post.
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