hi to every one this is good news for the viewers this time come to every powerfull tips for my site viewers ...........baba came back
Sunday, October 3, 2010
back to business
hi to every one this is good news for the viewers this time come to every powerfull tips for my site viewers ...........baba came back
Wednesday, May 19, 2010
Gail to the invest Rs 35,000 cr in capacity expansion
Gas Authority of India Limited (GAIL), largest gas transmission and marketing company in India, has reported a 45 per cent rise in its net profit to Rs 911 crore for the fourth quarter ended March 2010.
While speaking to NDTV in an exclusive interview, GAIL Chairman and Managing Director BC Tripathi, said the company hopes to construct 1,200 km pipeline by the end of this year, after which GAIL’s gas transmission capacity will become 200 million standard cubic meters per day.
Tripathi said Gail plans to invest nearly Rs 35,000 crore in the next 3-4 years in several pipeline projects, petrochem plant upgradation and in renewable sources of energy like wind and solar power. He says capital expenditure for this fiscal year would be Rs 8000 crore for adding 120 kilometers of pipeline.
Read more at: http://beta.profit.ndtv.com/news/show/gail-to-invest-rs-35-000-cr-in-capacity-expansion-48663?cp
While speaking to NDTV in an exclusive interview, GAIL Chairman and Managing Director BC Tripathi, said the company hopes to construct 1,200 km pipeline by the end of this year, after which GAIL’s gas transmission capacity will become 200 million standard cubic meters per day.
Tripathi said Gail plans to invest nearly Rs 35,000 crore in the next 3-4 years in several pipeline projects, petrochem plant upgradation and in renewable sources of energy like wind and solar power. He says capital expenditure for this fiscal year would be Rs 8000 crore for adding 120 kilometers of pipeline.
Read more at: http://beta.profit.ndtv.com/news/show/gail-to-invest-rs-35-000-cr-in-capacity-expansion-48663?cp
Wednesday, April 7, 2010
back to business
my dear friends and investors this is time for the right time to invest short term bet the and i will give the good bet for short term bet is rana sugars. it will reach the 50 rs in with in the six month. stop loss should maintain the 10.5
Wednesday, March 10, 2010
AMBICA AGAR & AROMAINDLTD
Members of the Exchange are hereby notified that the suspension in trading of equity shares of Ambica Agarbathies & Aroma Industries Limited will be revoked w.e.f. March 10, 2010 on account of satisfactory redressal of issues of non-compliance of the Listing Agreement.
Sugar shares hammered
The key benchmark indices eked out small gains mimicking mild gains in global stocks. US index futures were flat. The BSE 30-share Sensex rose 45.79 points or 0.27%, off close to 70 points from the day's high and up 64.24 from the day's low. The market breadth was weak after a strong start. Auto stocks edged higher on fresh buying. Banking shares were mixed. Telecom pivotals saw divergent trend. IT stocks declined on profit taking after recent gains triggered by upbeat US jobs data.
India VIX, a volatility index based on the S&P CNX Nifty index option prices, lost 3.41% to 20.09. The index has witnessed a steep fall in the last few trading sessions after the government tabled the Union Budget for 2010-2011 in the parliament on 26 February 2010. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days. Typically, volatility surges ahead of a major event such as the Budget. It falls after the event.
Index heavyweight Reliance Industries advanced close to 2%, moving past the Rs 1000 mark on reports the firm is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. Hero Honda Motors struck a record high to Rs 1940 on BSE in intra-day trade today, 10 March 2010.
The market edged higher in early trade. It surged to hit the day's high in mid-morning trade. The market pared gains in early afternoon trade. The market slipped into the red in afternoon trade. It moved between positive and negative zone near the flat line later.
The follow-on public offer (FPO) of iron ore miner NMDC was subscribed 14% by 16:00 IST on the first day of the issue today, NSE data showed. The government is divesting 8.38% stake in NMDC through the FPO as a part of its aggressive divestment drive to raise funds in a bid to bring fiscal deficit down. The company's FPO will close on Friday, 12 March 2010. The price band has been fixed between Rs 300 and 350.
European markets turned positive, reversing early losses. Key benchmark indices in Germany and France were up by between 0.1% to 0.32%. UK's FTSE 100 index was flat.
Asian stocks fluctuated as shipping lines and oil companies declined, while Australia's largest telephone company rose on speculation it will avoid a breakup. The key benchmark indices in South Korea, Japan, Indonesia, Taiwan and Singapore were up by between 0.08% to 0.80%. However indices in China and Japan declined 0.66% and 0.04% respectively. Hong Kong's Hang Seng index was unchanged.
Chinese stocks snapped a three-day advance amid concerns about policy tightening. China's trade surplus narrowed further to $7.6 billion in February from $14.2 billion in January on surging imports even as the nation's exports continued to rise rapidly, according to reports. February exports jumped 45.7% from the same month of 2009, while imports expanded by 44.7%.
Japan's machinery orders slipped in January 2010 after the biggest jump since 2000, indicating a subdued appetite among the nation's companies to ramp up capital spending even as manufacturing passed its worst. Orders, a signal of business investment in three to six months, dropped 3.7% from December, when they climbed 20.1%, the Cabinet Office said today.
A separate report showed Japan remains plagued by deflation. Producer prices fell 1.5% in February 2010 from a year earlier, the 14th consecutive drop, the central bank said.
US equities ended slightly higher on Tuesday as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. The Dow Jones Industrial Average gained 11.86 points, or 0.11%, to 10,564.38. The Standard & Poor's 500 Index edged up 1.95 points, or 0.17%, to 1,140.45 and the Nasdaq Composite index rose 8.47 points, or 0.36%, to 2,340.68.
Trading in US index futures showed that the US markets could see a flat opening on Wednesday, 10 March 2010. US index futures Futures moved between the positive and negative territory earlier in the day.
Investors will monitor US retail sales for February 2010 and Reuters/University Of Michigan Consumer Sentiment Survey for March 2010, both due on Friday, 12 March 2010, for any hints on the health of the global economy.
Closer home, the government is likely to maintain the distinction between short term and long-term capital gains to encourage long-term savings, as it deliberates the draft direct taxes code (DTC). The finance minister said in his Budget speech that the new direct taxes law could be rolled out from 1 April 2011.
The DTC has proposed to tax capital assets irrespective of the period of holding. The entire capital gains of the assessee is proposed to be added to his income and taxed at the marginal rate.
Currently, any stock market asset held for more 12 months is considered long-term capital assets but for all other assets have to be held for more than 36 months to be considered a long-term asset. Moreover, there is zero capital gains tax on shares held for the long-term while others assets are levied a long-term capital gains tax of 10%.
Meanwhile, Russian Prime Minister Vladimir Putin heads to India Thursday for a visit aimed at tightening the close arms and energy partnerships that Moscow and New Delhi have enjoyed since the Soviet era.
The highlight of the two-day visit is expected to be the signing of several military agreements, including a deal on a Soviet-era aircraft carrier whose troubled history has raised fears over the future strength of relations. Russia supplies 70% of India's military hardware but New Delhi has in recent years also looked towards other military suppliers including Israel and the United States.
Meanwhile, India and China on Tuesday decided to formally back the Copenhagen Accord worked out at the climate summit in December last year. While neither India nor China have said that they would 'associate' with the accord, both countries have agreed to have their names listed in the preamble. The move would come as boost to the accord. With this the four BASIC countries - Brazil, South Africa, Indian and China - which were key players in formulating the accord have agreed to be listed in the chapeau.
On the political front, the Rajya Sabha on Tuesday took a historic and giant step by voting to amend the Constitution, providing one-third reservation of seats in Parliament and State Assemblies for women. The Bill has to be passed by the Lok Sabha and ratified by 50 per cent of the States before it comes into effect.
Going ahead, the key triggers for the stock market are structural reforms such as decontrol of petrol and diesel prices, targeting of food subsidies, and financial sector reforms such as increase in foreign direct investment in insurance sector.
The government will announce the industrial output data for the month of January 2010 on Friday, 12 March 2010. Industrial output grew 16.8% in December 2009.
Meanwhile, the fourth and the last installment of advance tax by India Inc due on 15 March 2010 will give a broad indication of fourth quarter earnings.
The government said on Friday it will seek parliamentary approval to spend an extra Rs 31780 crore for the fiscal year to end-March 2010, which it plans to fund through savings.
There is no risk that the government will borrow more than planned to fund supplementary spending, Revenue Secretary Sunil Mitra said on Friday. Of the additional spending, Rs 12000 crore would be spent on oil subsidy, Rs 8000 crore on fertiliser subsidy and Rs 2459 crore on food subsidy, among others.
Prime Minister Manmohan Singh said late last week that the economy would grow by at least 8% in the year through March 2011. Asia's third largest economy would expand 7.2-7.5% in 2009-10, he told parliament. Singh said prospects for the winter-sown crop are 'very encouraging'. He also said the government must pay good prices to farmers to ensure higher farm production. The prime minister said the government will take all practical measures to bring down food prices.
He said the government will continue commitment to pubic and private investment in agriculture. The prime minster said there is need to find ways and means to stabilise the sugar economy.
A good harvest is likely to bring down food inflation, which accelerated to nearly 18% in late February. The government, facing mounting criticism for rising food prices, is struggling to meet conflicting aims of controlling food inflation and trying to please farmers by paying them attractive prices.
Chief Economic Advisor Kaushik Basu on Tuesday, 9 March 2010, said inflation would ease by April 2010, with low fiscal deficit and a good rabi (winter) crop improving food supplies. In a couple of months, the slightly lower fiscal deficit will begin to counter inflation, he added. Speaking on the sidelines of a conference in New Delhi Basu said inflation is likely to average 4% in the current financial year.
The newly elected president of industry body FICCI Rajan Bharti Mittal said on Monday there's no room for hardening of interest rates and the Reserve Bank of India should maintain status quo on the rates to allow the industry to make fresh investments. He added that fresh investment announcement have begun across sectors and further increase in interest rates will only hamper economic growth.
Food prices will be keenly watched in coming weeks for the second and third round impacts of the recent fuel price rise. Market men see a 25 basis points hike in the repo and reverse repo rates each by the RBI at the April 2010 policy review.
Prime Minister Manmohan Singh has ruled out rolling back a price hike in fuel prices despite pressure from his main allies, saying populist policies would hurt the economy in the long-term. Petrol prices rose about 6% and diesel prices by 7.75% after the government increased factory-gate taxes and import duties on the fuels as part of last week's 2010-11 union budget 2010-11, which stressed fiscal prudence to cut a wide deficit
Reserve Bank of India (RBI) Governor D Subbarao on Monday, 8 March 2010, said inflation should moderate in the coming months. He said the central bank will ensure that interest rate levels do not have a negative impact on the competitiveness of the economy. Should India need to manage inflationary expectations, the central bank could turn to its traditional mix of policy tools including use of both liquidity and cash reserve requirements, he said.
Subbarao said the government's plans to reduce the fiscal deficit this year and in 2011 would help to manage inflationary expectations and facilitate demand for private credit. The government's borrowing program is likely to proceed smoothly over the next financial year, he said. The government has set its gross market borrowing target for 2010/11 at a record Rs 4.57 lakh crore, up by 1.3% percent from the previous year, a move that has pushed bond prices lower as investors have anticipated a flood of fresh debt supply.
The heavy borrowing plans of the government, needed to fund the estimated 5.5% fiscal deficit for the year, has had analysts concerned it would make funding costlier and scarcer for industry. Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday said the government will raise more than half of its borrowing for the next year by September 2010, allowing more space for private borrowing as the economic growth picks up steam. Ahluwalia also said the government would have to raise state-set retail fuel prices if crude oil prices continued to rise.
Finance minister Pranab Mukherjee's budgetary proposals late last month offered a progressive cut in fiscal deficit over the next three fiscal years, changed personal tax rates lifting disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10%.
The Finance Minister in his budget speech on Friday, 26 February 2010 said the government aims to introduce the Goods and Services Tax (GST) and implement the direct tax code from 1 April 2011.
The fiscal deficit is pegged at 5.5% of GDP for 2010-2011, lower than an estimated 6.8% for the current fiscal year. The finance minister said the government also aimed to reduce the deficit further to 4.8% of GDP in the year starting 1 April 2011, and to 4.1% in the year from 1 April 2012. He said there is a need to review stimulus and move towards fiscal consolidation and review public spending.
A thrust on the infrastructure sector augurs well from a long-term growth perspective. The Finance Minister has provided Rs 1.73 lakh crore for infrastructure development in 2010-2011, which accounts for over 46% of the total plan expenditure for the year.
The stock market has applauded the Union Budget 2010-2011 due to its thrust on infrastructure development, government's pledge to reduce fiscal deficit over the next three years, a smaller-than-expected 2% hike in excise duties, and reduction in taxes for individuals which will boost disposable income. The Finance Minister has assumed a modest GDP of about 8% and inflation of about 4.5% for 2010-2011.
Finance Minister Pranab Mukherjee on Wednesday, 3 March 2010 said India's economic recovery is still being driven by public spending and is not yet broad-based, further clouding the debate on the timing of rate hikes by the central bank.
Foreign funds bought shares worth Rs 2173.09 crore and domestic funds sold shares worth Rs 171.66 crore on Tuesday, 9 March 2010, as per provisional data.
India VIX, a volatility index based on the S&P CNX Nifty index option prices, lost 3.41% to 20.09. The index has witnessed a steep fall in the last few trading sessions after the government tabled the Union Budget for 2010-2011 in the parliament on 26 February 2010. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days. Typically, volatility surges ahead of a major event such as the Budget. It falls after the event.
Index heavyweight Reliance Industries advanced close to 2%, moving past the Rs 1000 mark on reports the firm is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. Hero Honda Motors struck a record high to Rs 1940 on BSE in intra-day trade today, 10 March 2010.
The market edged higher in early trade. It surged to hit the day's high in mid-morning trade. The market pared gains in early afternoon trade. The market slipped into the red in afternoon trade. It moved between positive and negative zone near the flat line later.
The follow-on public offer (FPO) of iron ore miner NMDC was subscribed 14% by 16:00 IST on the first day of the issue today, NSE data showed. The government is divesting 8.38% stake in NMDC through the FPO as a part of its aggressive divestment drive to raise funds in a bid to bring fiscal deficit down. The company's FPO will close on Friday, 12 March 2010. The price band has been fixed between Rs 300 and 350.
European markets turned positive, reversing early losses. Key benchmark indices in Germany and France were up by between 0.1% to 0.32%. UK's FTSE 100 index was flat.
Asian stocks fluctuated as shipping lines and oil companies declined, while Australia's largest telephone company rose on speculation it will avoid a breakup. The key benchmark indices in South Korea, Japan, Indonesia, Taiwan and Singapore were up by between 0.08% to 0.80%. However indices in China and Japan declined 0.66% and 0.04% respectively. Hong Kong's Hang Seng index was unchanged.
Chinese stocks snapped a three-day advance amid concerns about policy tightening. China's trade surplus narrowed further to $7.6 billion in February from $14.2 billion in January on surging imports even as the nation's exports continued to rise rapidly, according to reports. February exports jumped 45.7% from the same month of 2009, while imports expanded by 44.7%.
Japan's machinery orders slipped in January 2010 after the biggest jump since 2000, indicating a subdued appetite among the nation's companies to ramp up capital spending even as manufacturing passed its worst. Orders, a signal of business investment in three to six months, dropped 3.7% from December, when they climbed 20.1%, the Cabinet Office said today.
A separate report showed Japan remains plagued by deflation. Producer prices fell 1.5% in February 2010 from a year earlier, the 14th consecutive drop, the central bank said.
US equities ended slightly higher on Tuesday as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. The Dow Jones Industrial Average gained 11.86 points, or 0.11%, to 10,564.38. The Standard & Poor's 500 Index edged up 1.95 points, or 0.17%, to 1,140.45 and the Nasdaq Composite index rose 8.47 points, or 0.36%, to 2,340.68.
Trading in US index futures showed that the US markets could see a flat opening on Wednesday, 10 March 2010. US index futures Futures moved between the positive and negative territory earlier in the day.
Investors will monitor US retail sales for February 2010 and Reuters/University Of Michigan Consumer Sentiment Survey for March 2010, both due on Friday, 12 March 2010, for any hints on the health of the global economy.
Closer home, the government is likely to maintain the distinction between short term and long-term capital gains to encourage long-term savings, as it deliberates the draft direct taxes code (DTC). The finance minister said in his Budget speech that the new direct taxes law could be rolled out from 1 April 2011.
The DTC has proposed to tax capital assets irrespective of the period of holding. The entire capital gains of the assessee is proposed to be added to his income and taxed at the marginal rate.
Currently, any stock market asset held for more 12 months is considered long-term capital assets but for all other assets have to be held for more than 36 months to be considered a long-term asset. Moreover, there is zero capital gains tax on shares held for the long-term while others assets are levied a long-term capital gains tax of 10%.
Meanwhile, Russian Prime Minister Vladimir Putin heads to India Thursday for a visit aimed at tightening the close arms and energy partnerships that Moscow and New Delhi have enjoyed since the Soviet era.
The highlight of the two-day visit is expected to be the signing of several military agreements, including a deal on a Soviet-era aircraft carrier whose troubled history has raised fears over the future strength of relations. Russia supplies 70% of India's military hardware but New Delhi has in recent years also looked towards other military suppliers including Israel and the United States.
Meanwhile, India and China on Tuesday decided to formally back the Copenhagen Accord worked out at the climate summit in December last year. While neither India nor China have said that they would 'associate' with the accord, both countries have agreed to have their names listed in the preamble. The move would come as boost to the accord. With this the four BASIC countries - Brazil, South Africa, Indian and China - which were key players in formulating the accord have agreed to be listed in the chapeau.
On the political front, the Rajya Sabha on Tuesday took a historic and giant step by voting to amend the Constitution, providing one-third reservation of seats in Parliament and State Assemblies for women. The Bill has to be passed by the Lok Sabha and ratified by 50 per cent of the States before it comes into effect.
Going ahead, the key triggers for the stock market are structural reforms such as decontrol of petrol and diesel prices, targeting of food subsidies, and financial sector reforms such as increase in foreign direct investment in insurance sector.
The government will announce the industrial output data for the month of January 2010 on Friday, 12 March 2010. Industrial output grew 16.8% in December 2009.
Meanwhile, the fourth and the last installment of advance tax by India Inc due on 15 March 2010 will give a broad indication of fourth quarter earnings.
The government said on Friday it will seek parliamentary approval to spend an extra Rs 31780 crore for the fiscal year to end-March 2010, which it plans to fund through savings.
There is no risk that the government will borrow more than planned to fund supplementary spending, Revenue Secretary Sunil Mitra said on Friday. Of the additional spending, Rs 12000 crore would be spent on oil subsidy, Rs 8000 crore on fertiliser subsidy and Rs 2459 crore on food subsidy, among others.
Prime Minister Manmohan Singh said late last week that the economy would grow by at least 8% in the year through March 2011. Asia's third largest economy would expand 7.2-7.5% in 2009-10, he told parliament. Singh said prospects for the winter-sown crop are 'very encouraging'. He also said the government must pay good prices to farmers to ensure higher farm production. The prime minister said the government will take all practical measures to bring down food prices.
He said the government will continue commitment to pubic and private investment in agriculture. The prime minster said there is need to find ways and means to stabilise the sugar economy.
A good harvest is likely to bring down food inflation, which accelerated to nearly 18% in late February. The government, facing mounting criticism for rising food prices, is struggling to meet conflicting aims of controlling food inflation and trying to please farmers by paying them attractive prices.
Chief Economic Advisor Kaushik Basu on Tuesday, 9 March 2010, said inflation would ease by April 2010, with low fiscal deficit and a good rabi (winter) crop improving food supplies. In a couple of months, the slightly lower fiscal deficit will begin to counter inflation, he added. Speaking on the sidelines of a conference in New Delhi Basu said inflation is likely to average 4% in the current financial year.
The newly elected president of industry body FICCI Rajan Bharti Mittal said on Monday there's no room for hardening of interest rates and the Reserve Bank of India should maintain status quo on the rates to allow the industry to make fresh investments. He added that fresh investment announcement have begun across sectors and further increase in interest rates will only hamper economic growth.
Food prices will be keenly watched in coming weeks for the second and third round impacts of the recent fuel price rise. Market men see a 25 basis points hike in the repo and reverse repo rates each by the RBI at the April 2010 policy review.
Prime Minister Manmohan Singh has ruled out rolling back a price hike in fuel prices despite pressure from his main allies, saying populist policies would hurt the economy in the long-term. Petrol prices rose about 6% and diesel prices by 7.75% after the government increased factory-gate taxes and import duties on the fuels as part of last week's 2010-11 union budget 2010-11, which stressed fiscal prudence to cut a wide deficit
Reserve Bank of India (RBI) Governor D Subbarao on Monday, 8 March 2010, said inflation should moderate in the coming months. He said the central bank will ensure that interest rate levels do not have a negative impact on the competitiveness of the economy. Should India need to manage inflationary expectations, the central bank could turn to its traditional mix of policy tools including use of both liquidity and cash reserve requirements, he said.
Subbarao said the government's plans to reduce the fiscal deficit this year and in 2011 would help to manage inflationary expectations and facilitate demand for private credit. The government's borrowing program is likely to proceed smoothly over the next financial year, he said. The government has set its gross market borrowing target for 2010/11 at a record Rs 4.57 lakh crore, up by 1.3% percent from the previous year, a move that has pushed bond prices lower as investors have anticipated a flood of fresh debt supply.
The heavy borrowing plans of the government, needed to fund the estimated 5.5% fiscal deficit for the year, has had analysts concerned it would make funding costlier and scarcer for industry. Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday said the government will raise more than half of its borrowing for the next year by September 2010, allowing more space for private borrowing as the economic growth picks up steam. Ahluwalia also said the government would have to raise state-set retail fuel prices if crude oil prices continued to rise.
Finance minister Pranab Mukherjee's budgetary proposals late last month offered a progressive cut in fiscal deficit over the next three fiscal years, changed personal tax rates lifting disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10%.
The Finance Minister in his budget speech on Friday, 26 February 2010 said the government aims to introduce the Goods and Services Tax (GST) and implement the direct tax code from 1 April 2011.
The fiscal deficit is pegged at 5.5% of GDP for 2010-2011, lower than an estimated 6.8% for the current fiscal year. The finance minister said the government also aimed to reduce the deficit further to 4.8% of GDP in the year starting 1 April 2011, and to 4.1% in the year from 1 April 2012. He said there is a need to review stimulus and move towards fiscal consolidation and review public spending.
A thrust on the infrastructure sector augurs well from a long-term growth perspective. The Finance Minister has provided Rs 1.73 lakh crore for infrastructure development in 2010-2011, which accounts for over 46% of the total plan expenditure for the year.
The stock market has applauded the Union Budget 2010-2011 due to its thrust on infrastructure development, government's pledge to reduce fiscal deficit over the next three years, a smaller-than-expected 2% hike in excise duties, and reduction in taxes for individuals which will boost disposable income. The Finance Minister has assumed a modest GDP of about 8% and inflation of about 4.5% for 2010-2011.
Finance Minister Pranab Mukherjee on Wednesday, 3 March 2010 said India's economic recovery is still being driven by public spending and is not yet broad-based, further clouding the debate on the timing of rate hikes by the central bank.
Foreign funds bought shares worth Rs 2173.09 crore and domestic funds sold shares worth Rs 171.66 crore on Tuesday, 9 March 2010, as per provisional data.
Subscribe to:
Comments (Atom)
