For almost 3 weeks the Food inflation has been declining and that has halted now , food inflation surged to 8.55 per cent for the week ended May 14 from 7.47 per cent in the previous week, The main reason is increase in prices of fruits, milk and protein-based items.The fresh spike in food inflation is not good news, either for the consumer who has been groaning under the overall inflationary impact or the government which has been striving to contain the price spiral. For one, the increase in petrol prices by Rs.5 a litre with effect from May 14 is yet to be factored into the WPI (wholesale price index) data and this will be reflected in the data for the week ended May 21.
State Bank of India declared results today and the company even touched its monthly low and almost declined by 7 Percent or so .It Touched the montly low of 2401 .
State Bank of India Results
The Unaudited results for the Quarter ended March 31, 2011
The net profit of the bank stood at Rs20.88 crore for the quarter ended March 31, 2011 where as the same was at Rs1866.60 crore for the quarter ended March 31, 2010.
The total income of the bank came in at Rs26536.84 crore for the quarter ended March 31, 2011 where as the same was at Rs22474.12 crore for the quarter ended March 31, 2010.
The Audited results for the Year ended March 31, 2011
The net profit of the bank stood at Rs8264.52 crore for the year ended March 31, 2011 where as the same was at Rs9166.05 crore for the year ended March 31, 2010.
The total income of the bank came in at Rs97218.96 crore for the year ended March 31, 2011 where as the same was at Rs85962.07 crore for the year ended March 31, 2010.
The Audited consolidated results for the Year ended March 31, 2011
The net profit of the group stood at Rs10684.95 crore for the year ended March 31, 2011 where as the same was at Rs11733.83 crore for the year ended March 31, 2010.
The total income of the bank came in at Rs147843.92 crore for the year ended March 31, 2011 where as the same was at Rs133851.83 crore for the year ended March 31, 2010.
‘Consequent to the notification of the ‘Acquisition of State Bank of Indore Order, 2010’ issued by the Govt. of India, the undertaking of State Bank of Indore stands transferred to and vests in State Bank of India (‘the Bank’), with effect from August 26, 2010, the effective date. The results for the quarter and year ended March 31, 2011 include the results of operations of the erstwhile State Bank of Indore for the period from August 26, 2010 and the results of the Bank are not comparable to that extent.’
Further, the board of directors of the bank recommended a dividend of Rs30 per share (300%) for the year ended March 31, 2011.
AIADMK chief Jayalalithaa who visited the Governor of Tamilnadu and who will be sworn in as Tamil Nadu Chief Minister on Monday between 12 – 15 PM, will have 33 ministers in her cabinet
Tamilndau 2011 Cabinet Ministers
(1) J.Jayalalithaa — Chief Minister, Public,Indian Administrative Service, Indian Police Service, Indian Forest Service, General Administration, District Revenue Officers, Prevention of Corruption, Police, Home
(2) O.Panneerselvam — Finance
(3) K.A.Sengottaiyan — Agriculture
(4) Natham R.Viswanathan — Electricity, Prohibition and Excise
(5) K.P.Munisamy — Municipal Administration, Rural Development
(6) C.Shanmugavelu — Industries
(7) R.Vaithilingam — Housing and Urban Development
(8) S.S.Krishnamoorthy — Food
(9) C.Karuppasamy — Animal Husbandary
(10) P.Palaniappan — Higher Education
(11) C.Ve.Shanmugam — School Education
(12) Sellur K.Raju — Cooperation
(13) K.T.Pachamal — Forests
(14) Edappadi K.Palanisamy — Highways and Minor Ports
(15) S.P.Shanmuganathan — HR & CE
(16) K.V.Ramalingam — Public Works
(17) S.P.Velumani — Special Programme Implementation
(18) T.K.M.Chinnayya — Backward Classes
(19) M.C.Sampath — Rural Industries
(20) P.Thangamani — Revenue
(21) G.Senthamizhan — Information
(22) S.Gokula Indira — Commerical Taxes and Registration
(23) Selvi Ramajayam — Social Welfare
(24) B.V.Ramanaa — Handlooms and Textiles
(25) R.B.Udhayakumar — Information and Technology
(26) N.Subramanian — Adi Dravidar and Tribal Welfare
(27) V.Senthil Balaji — Transport
(28) N.Mariyam Pichai — Environment
(29) K.A.Jayapal — Fisheries
(30) E.Subaya — Law, Courts and Prisons
(31) Budhichandhiran — Tourism
(32) S.T.Chellapandian — Labour
(33) Dr.V.S.Vijay — Health
(34) N.R.Sivapathi — Sports and Youth Welfare
Petrol Prices for the first time to go up by almost 5 Rs , They had been holding this for some time from January 2011 or so , and after the results that have been announces for all the state election yesterday they have chosen to raise it today night ,They had been planning to raise it by 10 Rs or so , they have chosen to raise it by 2 installments may be .In Chennai the price is at 61 rs or so and it will go to 66 rs.
M.K.Stalin is trailing in his Kolathur Constituency by 200 votes or so , we will see if this trend changes or not by EOD .
See more info here : http://eciresults.nic.in/ConstituencywiseS2213.htm
Today all Gold ETF’s can be traded without any transaction fee , its like no wastage charge for gold today in ETF’s also . Already gold went to the peak price week before and its kind of down from that moment on and i’m thinking it might go down a little after today.
Muthoot Finance Limited listed today and and i got alloted 40 or so after applying 7 lot , thought it would at least list at a premium of 25 rs , but sorry just 20 was the magic number and i sold the stock at 189 or so , its trading at 185 in BSE and trading at 189 at NSE.
BOLT System : MUTHOOT FIN
37,17,12,768 equity shares of Rs. 10/- each fully paid up and after premium it was 175 rs per share.
Whoever dint get the allotment money back or stock in the Demat account please use the following address to contact them,
Registered and Corporate Office:
Opposite Saritha Theatre Complex,
2nd Floor, Banerji Road,
Kochi 682 018,
Tel: (91 484) 239 4712;
Fax: (91 484) 239 6506;
Reserve Bank of India in a bid to put brake to the raising Inflation rate has decided in its first monetary policy review of 2012, to raise repo and reverse repo rates by 50 basis points. This puts repo (rate at which it lends to banks) to 7.25% and reverse repo (rate at which it borrows) to 6.25%. However, the CRR has been left unchanged at 6%.