3 months ago A news was come that now terrorist may attack on Indian Economy or Share MKT. I want to know that Indian Mkt r regularly increasing without take any right corrections. Can they will see a major fall at upper point? China and India these two countries r those countries which is recover very fast by 2008 to 2009. but china mkt r increasing with conslidation not regularly but with right orrections . On the other hand Indian mkt r increasing continupsll. It also neglecting other economic falls. ...

With this conclusion is there any change for the stock to move upwards or its better for us to exit this stock asap...

Friends I m invested in two companies which have low prices(below 40) but may give higher return in long term at least 1 yr. These companies fundamentally r fair. I want urs suggesstions on this companies , if u have know any particular news or any opinion about this companies. Please share them to me Or anyone want to suggest any low price for purchase or Stop loss. Following r the details. Deccan Gold Reserves - 8.84 Debt - 0 Investments - 9.50 Assete - 0.54 Quarte profit - 0.09 loss JIK Industries Reseves - 8.92 Debt - 3.10 Investment - 19.43 Assets - 10.28 Quarter Profit - 1.35 It is engaged in the business of money changing activity (dealing in foreign currencies/travel cheqs), underwriting, merchant banking, lease operations and share trading etc., The company is a Category I Merchant Banker, full fledged money banker and portfolio managers. ...

Yesterday the Perfect - Analyst was rudra_Sinha. Now today Intrady Closing?. Please give ur views:- 1. Dow Jones 13months week high 2. Nifty Future Discount 2.7 (yestrday) 3.Nifty Future Premium 4 - 5 4.Reliance may lead mkt to downside 5.Expiry r about to Near 6. Profit Booking may be high becuase of expiry 7. Any facts for today that u know My Opinion: - I feel that mkt may take U Turn in to positive trend and European mkts after 1.30pm can also direct the mkt. Thankyou. ...

A news peice on 3G launch at BSNl chennai . the rates and features should make the game celar for telecom sector from jan onwards . sd3.. ______________________________________________________________________________________ BSNL Chennai Telephones recorded a first of sorts for South India yesterday with the commercial launch of 3G mobile services. Touted to be the next generation in mobile technology, 3G services will enable you to access Internet on the move with a speed of upto 3.6 Mbps and allow you to do video calling, watch mobile TV and other media rich applications. In a press conference, Mr A. Subramanian, Chief General Manager, Chennai Telephones told “In about two months, we expect to add another 250 Node B stations to the existing network of about 300 units to provide seamless 3G connectivity across Chennai and adjoining districts”. Various Demos like Streaming a Youtube without buffering, watching live television on the device effortlessly and a remote video monitoring feature, where video footage from a camera plugged to a broadband facility in South Korea streamed effortlessly on a 3G-supported mobile handset, were done at the event which showcased the true potential of 3G technology. In this scheme, all the local voice calls and video calls are going to cost 30 paise/min and all the STD video calls will be 50 paise/min. Data usage charges are currently planned at 1 ps/10 kb but there is a possibility that the rates may decrease in due time. With its first year introductory offer of tariffs comparatively much lower than 2G call charges, Chennai Telephones hopes to gain 1.5 lakh users over the next couple of months. BSNL officials added that the mobile TV application offered under a tie-up with a content provider currently showcases 24 channels and would be increased with user demand. Chennai Telephones have also tweaked its 3G infrastructure to enable 2G users who migrate to a 3G connection to retain the same existing number with no migration charges. But, there are no plans to bundle 3G handsets in the introductory offer. The 3G data cards which offer high speed Mobile Internet access for computer users on the move were also launched in this event. ...

Y the hell it goes down even when the market goes up, despite the fact that it has posted good results. Ramanath, I am not sure whether it will touch 20 or not but surely heading to touch 10 I am a big looser in this stock :( ...

In relation to the notice from SEBI CNBCTV-18 clarified that the show cause notice was dated 8th October, 2009 and RIL later responded that they had replied and had not received any further reply from SEBI. Whereas there may have been some substance or rumour floated to counteract today`s upmove we should await further clarifications in this matter before acting and commenting on it. RIL`s body language does not suggest any such problem or threat. It is amazing to see how many suicidal persons are trying all possible means to bring RIL down. Suicidal since this market and nation will get nowhere without RIL at this point of time and we are missing out on opportuinities....

Reliance Industries has reopened 900 gas stations, which were shut down when state firms were selling heavily subsidised fuel, the head
of the firm`s refinery business, P Raghavendran, said.

The company has revived more than half its network of mothballed petrol pumps.

"Mostly these are in western and southern India. Wherever we can operate at PSU (public sector undertaking) prices, we are operating," he told reporters on Tuesday

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rvk41...

Wipro Technologies is expanding its US operations and will hire about 1,000 people, including more locals, at its Atlanta development facility, reports Economic Times.

The company said that they are expanding their US operations to scale up our headcount to about 1,000 from 350 presently at our Atlanta centre.

About 80% of them are locals and includes graduates from leading academic institutions in Atlanta.

The local employees will support our North American clients in diverse verticals such as healthcare, manufacturing, telecom, utilities, retail and financial services

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...

Bharat Heavy Electricals (BHEL) has secured a major order for setting up the upcoming 1,980 MW Prayagraj Thermal Power Project (TPP) with Supercritical parameters in Uttar Pradesh, involving three units of 660 MW each.

Valued at Rs 56 billion, the order for the greenfield power project, located at Bara in Allahabad district of Uttar Pradesh, has been placed on BHEL by Prayagraj Power Generation Company (PPGCL), a company owned by Jaiprakash Associates (JAL), and reflects the customer`s confidence in the company`s technological excellence and capability in executing projects of this magnitude.

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rvk41...

Dear,
The reason for upward soaring is that of the plant start to fetch profit now only after demerger from Amforge Industries

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rvk41...

The country’s largest private sector company Reliance Industries Limited’s (RIL’s) bid to acquire Netherlands-headquartered petrochemicals giant LyondellBasell has triggered speculation about the likelihood of the largest ever cross-border deal initiated by an Indian company.

Analysts and research firms backed RIL’s financial capability to win the bid, pegged the enterprise valuation of the sick petrochemical giant at about $12 billion as RIL signalled strong intent to scale up its size and cash in on opportunities to mark its footprint on the global map.

“We believe this marks RIL’s intent and ability to inorganically grow its core businesses amid limited competition for asset acquisition and also increasing under-investment in downstream,” Goldman Sachs said in a research report released on Monday.

Citi Investment Research and Analysis said the timeline for the acquisition is likely to be prolonged.

“The final offer would be made after due diligence, which then will be will decided upon by the creditors against the initial reorganisation plan and other equity financing proposals. The timeline therefore is likely to be prolonged,” it said in research report on Monday.

LyondellBasell, which had $27 billion in assets and $19 billion in debt, filed for bankruptcy under Chapter 11 of US Bankruptcy Code on January 6 this year.

CLSA Asia-Pacific Markets termed proposed deal as a compelling opportunity for RIL.

“Reliance’s indicative bid is unknown, but we would view the acquisition as positive if the enterprise value that it has ascribed to LyondellBasell,” CLSA said in a latest research report.

Credit Suisse said in a research report that the non-binding offer would allow RIL to conduct due-diligence and give it enough time to evaluate while the bankruptcy process completes.

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We can also wait to enter after Bonus
in RIL
rvk41...

Steps to boost Indo -US economic cooperation were put in place with the signing of a dozen agreements and MoUs between different Indian and US partners in the presence of Deputy Chairman, Planning Commission, Montek Singh Ahluwalia and Ambassador of India Meera Shankar in Washington.

These include eight agreements between US and Indian Companies/institutions facilitated by the Confederation of Indian Industry (CII). The Indian Companies include HCL, CISCO, Tata Communications, Apollo, Jubiliant Organosys, Infosys, Cadila Pharmaceuticals and the Federation of Indian Chambers of Commerce and Industry(FICCI). The American companies include Tyco Electronics, StemCyte, Univesity of Alabama, Microsoft Technologies, Novavax, University of Texas, Institute of International Education (IIE) and New York University. The agreements are for collaboration in the fields of education, telecommunication, medicine and research and development (R&D).

For information to watch these scrips for investing,with regards
rvk41
...

State-run NTPC has asked the government for allocation of natural gas from RIL at a price of USD 2.34 per mmBtu, pending the outcome of its court case against the Mukesh Ambani-led firm on the issue.

Stating that it has requested Power Ministry to take up the issue with Oil Ministry subject to the outcome of court case, NTPC Chairman R S Sharma has sought necessary direction from the government for fuel supply at contracted price.

RIL in a 2004 NTPC tender offered to supply 12 million standard cubic meters per day of gas from its eastern offshore fields for 17 years at a price of USD 2.34 per million British thermal unit, but has refused supplies saying a firm contract was not concluded.

NTPC on the other hand says RIL`s acceptance of its Letter of Intent (LoI) was enough for the contract to be concluded. The matter is now before the Bombay High Court.

Sharma wrote to Power Secretary H S Brahma on November 17 that RIL has told the Supreme Court that KG D-6 field life was 11 years and gas could not be supplied to NTPC for 17 years.

As NTPC`s contract is for 17 years, RIL`s submission about availability of gas for 11 years only "has serious implications on the supply of gas to NTPC as per bid submitted by RIL and will go against NTPC`s interests," he wrote.

Sharma asked Power Ministry to request Empowered Group of Ministers for necessary direction for supply of gas to NTPC at "the price and terms of the contract with RIL" without prejudice to the ongoing case

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Reliance Industries Ltd (RIL) on Wednesday said it was bound by a clause in the memorandum of understanding (MoU) reached between the Ambani brothers — Mukesh and Anil — that talked of a suitable arrangement for supply of gas to Anil-owned Reliance Natural Resources Limited (RNRL).

On the tenth day of arguments, RIL counsel Harish Salve told the court that the family MoU was of valuable guidance to reach a suitable arrangement. He, however, said the MoU itself couldn’t be the suitable arrangement to the extent that it would override even the government policy. Also, he added, the final arrangement was subject to government approval.

When the court was about to rise, RNRL counsel Ram Jethmalani said: “RIL has made a lot of progress from saying MoU was trash to submitting that MoU is a valuable guidance tool.”

But Salve said: “MoU is binding upon the mother and the two brothers, but not upon RIL
"" IF the family MOU is acceptable then Mugesh has to supply GAS to Anil at the agreed cost and if the Govt fixes the rate, the difference of cost has to be bourn by NOT BY RIL,but my Mugesh from his share of the property that devolved by M O U THis will be the natural JUSTICE""

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The crude oil being produced by Cairn India at Barmer, Rajasthan is finding few takers in the domestic market, although the company has had enquiries from South-East Asian refineries.

Cairn India’s CEO, Rahul Dhir, has written to the petroleum ministry seeking unfettered marketing right to sell the Rajasthan crude to domestic and international buyers. He wrote on September 24 that “there is a significant high value demand from refineries in Singapore, Malaysia, Taiwan and Korea, which can absorb large volumes of Rajasthan crude at a fair price.”

Most PSU oil firms — IOC, HPCL, BPCL and MRPL — expressed inability to accept the produce, as their refineries are not capable of processing the crude due to its waxiness.

And for those which can do so, find the distance from Rajasthan a constraint.

“Processing of Cairn’s crude can be done at refineries having coker units,” commented a senior IOC official. “As we have limited refineries with cokers, a cost of anywhere between Rs 300 crore to Rs 2,000 crore would be required to upgrade our refineries.”

The petroleum ministry has permitted Cairn India to sell its crude to private refiners like RIL and Essar Oil. It has also said that “the matter (of permitting exports) may be taken up with the ministry of commerce, should the contingency arise,” in a communication dated October 8 to the CEOs of oil PSUs, a copy of which is available with the Hindustan Times.

If this happens, it will be for the first time that crude oil produced in India is exported.

A Cairn official confirmed that the company has been given permission to sell crude to private refiners, but refused to comment on the exports issue.

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rvk41
...

Dear,
Mugesh`s lawyer reply is very silly,he says that MOU is not placed with RIL`s board or directors,it is irrelavant and the MOU is between the heirs of Ambanis and Mugesh is binding to supply at the agreed rate for 17 years to RNRL,
which is the share of Anil;and the expenses on that counter is to be bourn by Mugesh from his share

Ultimately Anil will WIN
with regards
rvk41 ...

Suven Life Sciences, a leading biopharmaceutical company today announced that it has secured two US patents on new chemical entities (NCEs).

The US patent office has issued two patents: US 7507835 and 7388024 corresponding to two NCEs for the treatment of disorders associated with Neurodegenerative diseases and these patents are valid until 2022 and 2044 respectively.

The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer`s disease, Attention deficient hyperactivity disorder (ADHD), Huntington`s disease, Parkinson and Schizophrenia .

With these new patents, Suven has total of four granted US patents on NCEs. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at phase-I or phase-II.

``We are very pleased by the grant of these patents to Suven by US Patent office for our pipeline of molecules in CNS arena that are being developed for cognitive disorders which has an estimated USD 20 billion market potential globally``, said Venkat Jasti, chief executive officer (CEO) of Suven.

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rvk41

...

The government on Wednesday initiated radical tax reforms through a draft code that aims at moderating income tax rates, abolishing Securities Transaction Tax and increasing deduction for savings up to Rs3 lakh.

Releasing the Direct Taxes Code that will ultimately replace the over four-decades old Income Tax Act and bring all other direct taxes like wealth tax under its purview, Union finance minister Pranab Mukherjee on Wednesday said if reasonable level of discussion happens on the code, a bill could be placed in the winter session of Parliament.

The code proposes to exempt the general tax payer from paying income tax if his income is Rs1,60,000 in a year. He would pay just 10% up to Rs10 lakh, 20% beyond that and Rs25 lakh and 30% beyond Rs25 lakh.

Currently, the general income tax payer does not pay tax till Rs1,60,000 of income in a year. However, he pays 10% tax on income between Rs1,60,000 and Rs3, 20% between Rs3 lakh and Rs5 lakh and 30% beyond Rs5 lakh.

“We expect to have better compliance and better collection of taxes,” Mukherjee said.

While the code proposes abolition of the controversial STT, it also suggests reintroduction of tax on long term capital gains on securities trading.

Union home minister P Chidambaram, who during his tenure in the finance ministry had initiated work on the Code, said that this was a brand new Code written from scratch.

“There is no point looking at this with reference to the 1961 (I.T.) Act. Hours of work have gone into it preparing it... you will be doing a dis-service if you look at it from the present income tax law,” he said.

The present tax laws were only a feast to lawyers and the best way to read the provisions of the Code would be to study the relevant chapter before going into the provisions, Chidambaram said.

The attempt, Mukherjee said, “is to simplify the language to enable better comprehension and remove ambiguity to foster voluntary compliance”.

The thrust of the code, would be to “improve efficiency and equity of our tax system by eliminating distortions in the tax structure, introducing moderate levels of taxation and expanding the tax base,” he said.

The new code is based on well accepted principles of taxation and best international practices, the finance minister said, adding, “it will eventually pave the way for a single unified tax reporting system”.

It would also meet the aspirations of “our young and professionally mobile population,” he added.

The process to frame the new code began with Mukherjee’s predecessor P Chidambaram announcing the intention to come out with a new law in the 2005-06 Budget speech.

Chidambaram said, “by the time the code becomes law, it may be 2011 -- the golden jubilee of the old law.”

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