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. ...

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. ...

pick always right stock in any time....

The last cost head, taxes, is a valid irritation. The DTH industry pays over 30 per cent of its revenues as taxes. It pays state taxes such as entertainment tax, plus central ones such as service tax. Cable operators on the other hand, pay only state taxes; plus, they under-declare their subscriber numbers. Therefore, about 4 per cent of cable revenue is taxed, according to estimates. Some good old lobbying as an industry should help there. So would a dedicated broadcast regulator that, unlike the Telecom Regulatory Authority of India, or Trai, does not double as the telecom regulator. “Nobody in TDSAT (Telecom Disputes and Settlement Tribunal) or Trai understands broadcasting,” says one CEO. Of the total 240 million households in India, 134 have television sets. Of these, 83 million have a cable connection, while 18-odd million have DTH. So, there is a lot of untapped potential for both cable and DTH. For now, however, most players are squabbling for the cable consumer, since he is the easiest to target. The average cable price of Rs 150-200 per month creates a ceiling of sorts. As competition increases later entrants such as Sun have pulled prices down to Rs 100 a month and even below. “ARPU really depend on how you segment the market,” says Salil Kapoor, COO, Dish TV. If you target cable-dry or frustrated areas, then the ARPU will be different from what you get from cities that are cable sated. And since most players are targeting the same 83 million cable homes, ARPU is bound to come under pressure. Vikram Kaushik, CEO, Tata-Sky, adds that growth in ARPU will also depend on how cable prices move. If digitisation happens fast and declaration of subscriber bases increases, then cable prices too are likely to go up. In fact, the two big IPOs coming up from DEN Networks and Hathway Cable should hasten this process. These are two of the largest cable companies in the country. If they manage to raise enough capital to push the pace of digitisation, then there could be good news on ARPU. What could also buffet revenues somewhat is value-added stuff. Already, the release of new films on DTH has seen anywhere between 30,000 and 150,000 people signing in on an operator. This means subscribers paid Rs 75 each to Tata-Sky to watch say Kaminey in different shows over 24 hours. Dish, for instance, uploads 3,000 jobs a day for its subscribers. “Value-added-services should bring in 4-5 per cent of topline going forward,” says Ajai Puri, director and CEO, DTH, Bharti Airtel." HOLD is surely suggested. ...

hi cmet i might buy it from you .. if interest to sell send email to me on vijaykwt at yahoo dot com...

cmet, Any Indian citizen who had experienced the mini-communist ways of governance during the emergency of 1975 will vouch that no price is big for the democracy as practised in India....

Ah, that is the trap in thinking. With all its fault, delay and frustration, the Indian way is the decent human way. The communist way may look and seem efficient but it robs the soul. That crazy Ma se Tung and his revolution with his red guards nearly killed the country. Regardless of its progress, the Chinese way is not the right way for the human spirit. If you are truly exposed to its cruelty, you will any day accept the tragic pathetic alternative in India. Democracy is not too effective or efficient but compared to all other alternatives, it is the best governance device....

Just wait for result declaration tomorrow.
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Yes sir. I fully agree with you. I was just showing why the Chinese are way ahead of us in planning and execution of their plans and projects.
Our democrcy even with its weaknesses is surely million times better than the Chinese autocracy. See what our Honourable Prime Minister has said in Washington:
Prime Minister Manmohan Singh sought to downplay the recent US-China joint statement saying it`s not of "direct concern" to him, but asserted that India will not choose the "non-democratic" Chinese path of high economic growth, but its own route of democracy and development.
In a veiled critique of China, Manmohan Singh said although India`s economic performance may not match that of China`s, but it would still prefer the Indian democracy rather than the Chinese non-democratic path.
"There is no doubt that the Chinese growth performance is superior to the Indian performance," he said in response to another question on why the Indian economic performance was lagging behind that of China`s.
"But I have always believed there are other values which are more important than the growth of gross domestic product like respect for fundamental human freedoms, respect for rule of law, respect for multi-religious, multi-ethnic rights," he said.

"Certainly, I would like to choose the Chinese path. I would like to stick to the Indian path," he stressed.
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The last cost head, taxes, is a valid irritation. The DTH industry pays over 30 per cent of its revenues as taxes. It pays state taxes such as entertainment tax, plus central ones such as service tax. Cable operators on the other hand, pay only state taxes; plus, they under-declare their subscriber numbers. Therefore, about 4 per cent of cable revenue is taxed, according to estimates.
Some good old lobbying as an industry should help there. So would a dedicated broadcast regulator that, unlike the Telecom Regulatory Authority of India, or Trai, does not double as the telecom regulator. “Nobody in TDSAT (Telecom Disputes and Settlement Tribunal) or Trai understands broadcasting,” says one CEO.
Of the total 240 million households in India, 134 have television sets. Of these, 83 million have a cable connection, while 18-odd million have DTH. So, there is a lot of untapped potential for both cable and DTH.
For now, however, most players are squabbling for the cable consumer, since he is the easiest to target. The average cable price of Rs 150-200 per month creates a ceiling of sorts. As competition increases later entrants such as Sun have pulled prices down to Rs 100 a month and even below. “ARPU really depend on how you segment the market,” says Salil Kapoor, COO, Dish TV. If you target cable-dry or frustrated areas, then the ARPU will be different from what you get from cities that are cable sated. And since most players are targeting the same 83 million cable homes, ARPU is bound to come under pressure.
Vikram Kaushik, CEO, Tata-Sky, adds that growth in ARPU will also depend on how cable prices move. If digitisation happens fast and declaration of subscriber bases increases, then cable prices too are likely to go up. In fact, the two big IPOs coming up from DEN Networks and Hathway Cable should hasten this process. These are two of the largest cable companies in the country. If they manage to raise enough capital to push the pace of digitisation, then there could be good news on ARPU.
What could also buffet revenues somewhat is value-added stuff. Already, the release of new films on DTH has seen anywhere between 30,000 and 150,000 people signing in on an operator. This means subscribers paid Rs 75 each to Tata-Sky to watch say Kaminey in different shows over 24 hours. Dish, for instance, uploads 3,000 jobs a day for its subscribers. “Value-added-services should bring in 4-5 per cent of topline going forward,” says Ajai Puri, director and CEO, DTH, Bharti Airtel."
HOLD is surely suggested.


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Hi friends.
I reproduce below an article I came accross in Business Standard. It is worth going through if you have an exposure in Dish TV. Surely a HOLD is suggested for a short time longer. Happy reading and investing.
"Things are looking up for the DTH business. Why, then, is everybody so glum?
The first slivers of profit in the direct-to-home (DTH) business are just six months away. That is when the first DTH operator in India, Dish TV, claims it will become profitable, over seven years after it began operations.
It signals very clearly that the sweet spot in DTH comes after seven years and over 6 million subscribers, just like it did for many global players. Dish hit both those milestones in 2009.
“On operating parameters, most of the operators are not negative. If I ignore the (one time) customer acquisition cost, they make good money,” says Salil Pitale, head of media and telecom, Enam Investment Banking.
As an industry, DTH now reaches 18 million homes and gets in Rs 3,000-odd crore (albeit at a loss). In fact one of them, Tata-Sky, has already made to the list of India’s top 20 companies by topline.
The future looks equally good. Currently, DTH reaches just over 13 per cent of the 134 million TV homes in India. At an average growth rate of 30 per cent or so, it is expected to hit just under 50 million homes by 2014, five years from now, going by Enam’s numbers. At an average revenues per user (ARPU) of Rs 150-200 a month that would bring in a topline of Rs 9,000 crore or a couple of billion dollars.
Assuming there are no new entrants and nobody sells out, by then all the six players should be nice and profitable with Ebitda (earnings before interest, taxes, depreciation and amortisation) margins of 30 per cent and a profit after tax (PAT) of at least 10-12 per cent. So, even if the industry is roughly a billion dollars down, chances are it will make up by then, because a bulk of that money is a one-time cost.
The cost problems of pay
The first and biggest issue is costs, the biggest chunks of which are consumer acquisition costs, content costs and taxation. Take each of them.
Consumer acquisition costs could vary between Rs 1,700 and Rs 8,000 per subscriber, depending on whom you talk to. Pitale reckons the industry average is more like Rs 2,400-4,000 per subscriber. The biggest part of this cost is the set-top-box (STB).
Most analysts find this complaint pointless. If companies stopped acquiring news consumers today, they would all be profitable. The choice is to stay put at 2 million subscribers or go up to 7 million. Obviously, most want to acquire more because this business, like any infrastructure industry, is about scale. “People with money are just building market share,” says Pitale. Unlike publishing where newsprint costs rise everytime circulation rises, acquisition costs in DTH are a one-time affair.
Also, churn rates in DTH are about 2 per cent a months compared with 4-5 per cent for telecom. So, once you have a customer, he stays with you for 8-10 years. That gives any operator enough time to recover the subscriber acquisition cost. Pitale points to Dish TV. Of the six million subscribers it has, its acquisition cost was for just the million-odd it acquired in FY2009. So, the money from the other 5 million was revenue that only has to bear operating costs.
Of these, the biggest chunk is content costs. These vary between 40 and 55 per cent of revenues. That, claim operators, are because broadcasters are trying to make up on pay revenues from cable, which usually under-declares. “Why should I pay for your (a broadcaster’s) bidding (highly) for sports rights?” asks Tony D’Silva, COO, Sun Direct TV.
Again, this is a matter of size and negotiating power. DTH operators could become big enough to bump broadcasters off, a la cable. According to estimates, Reliance’s content costs are less than 40 per cent of revenues. “Broadcasters want to bet on winners in the long run and that gives us an advantage in our content deals over our competitors,” says Sanjay Behl, CEO, Reliance BIG TV.
Globally, DTH operators pay about 30-40 per cent as content costs, so Indian operators will probably not be able to go below that.

Continued-2-...

The biggest advantage I think the Chinese have is that their political establishment speaks in only one voice (the voice of the state-communist party), whereas in India we have the voice of every political party each trying to feather its own nest. Even common folk join in by filing frivolous PILs which come in the way of progress. If the establishment in China wants to build a dam, they straight away acquire the land, if you object you are sent to backbreaking labour in camps and not heard of again. In India, to increase the height of the Narmada Sarovar Dam took ages.
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BS has reported as follows:
To mollify political rivals and farmer lobbies, the Centre today swiftly moved to “remove the misgivings” in the Sugarcane (Control) Order, making it clear that the difference between the fair and remunerative price (FRP) and state-advised price (SAP) would have to be paid by the mills and not by state governments.
At an all-party meeting, Finance Minister Pranab Mukherjee said Section 3 (B) of the Order would be scrapped. The Centre would also change the preamble of the proposed Bill (which will replace the Ordinance) to relieve states from any financial burden arising out of higher SAP.
“It was not the intention of the food ministry to dump the additional burden of higher SAP on states. But the language of the Ordinance created some confusion. It will be changed to make it clear that even if the states declare higher prices for sugarcane, the mills will have to pay the additional amount,” said Mukherjee.
The Centre will continue to fix the price of the levy sugar on the basis of its FRP. The new Bill replacing the Ordinance is likely to be brought on Monday, sources in the prime minister’s office said.
Earlier, the government was planning to call an all-party meeting next week over this issue. But Prime Minister Manmohan Singh wanted to see the issue resolved before he left for the US on Saturday. The United Progressive Alliance (UPA) managers hurriedly convened the meeting this afternoon where all parties supported Centre’s new proposal.
“It is strange phenomenon that the government should have to pay Rs 14,000 crore to the mills. So, the Centre decided to bring in the Ordinance. But, now, we will have to make some changes to the Sugarcane (Control) Order to bring clarity in the whole issue,” Law Minister Veerappa Moily told reporters after the all-party meeting. “UPA wishes to reaffirm it has always been guided by the principles that the interest of farmers is paramount. In taking this decision also, UPA has kept the interest of farmers as paramount,” the statement said after the all-party meeting.
The Left parties and the BJP, however, raised apprehensions in the meeting that the Centre’s fresh move would resolve the problem only for the time being. “As the Centre says it will buy levy sugar on the basis of FRP, the mill owners might again go to the court and create problems,” CPI(M) leader in the Lok Sabha, Basudeb Acharia, said. While mills were not sure whether the decision to continue fixing a uniform levy sugar price can be challenged after the new changes, they are certainly upset about it. “We have been robbed off of our rightful claims,” said a top Uttar Pradesh miller.
In the meeting, the finance minister mooted the new proposal. Food Minister Sharad Pawar also briefly explained the reasons behind bringing the Ordinance. The meeting was attended by all major political parties. Rashtriya Lok Dal (RLD) leader Ajit Singh, who played a crucial role in unifying the Opposition parties against the Ordinance, was also present in the meeting.
The new Ordinance, promulgated last month, introduced FRP as a uniform price at which mills will procure sugarcane. Besides introducing FRP, the new Ordinance now required state governments to pay the difference over and above FRP.

It is back to square one for sugar manufacturers. The Centre and State Govt will force them to pay higher prices to the growers thus squeezing their margins. Sugar Shares look to be in for a slide in prices, the higher sugar prices notwithstanding.
...

BS reports today that theLok Sabha was adjourned following Opposition protests regarding SAP.
The Manmohan Singh government is trying to find a middle path in the impasse over the recent sugarcane pricing Ordinance that created an uproar inside and outside Parliament today. According to top sources in the United Progressive Alliance (UPA), the government may rework the Sugarcane (Control) Order to relieve the states` burden and appease a united Opposition that claims to have the power to defeat the Bill in the Upper House. The shift in the government`s stand came after a meeting between Prime Minister Manmohan Singh and Congress General Secretary Rahul Gandhi this morning.
“Rahul Gandhi met the PM to convey the sentiments of the sugarcane growers in UP. The PM has assured him that the government will look into the matter again and said if it was in the interest of farmers the Ordinance would be suitably amended,” senior Congress leader Digvijay Singh said.
The government will call an informal breakfast meeting with leading political parties on Monday and is likely to call an all-party meeting to resolve this issue later next week.
The new ordinance, promulgated last month, introduced a fair and remunerative price (FRP) as a uniform price at which mills will procure sugarcane. Before this, the states — mainly Uttar Pradesh and a few others — announced a procurement price (the SAP or state-advised price) over and above the Centre-advised price which the mills had to pay. The new ordinance now requires state governments to pay the difference over and above the FRP.
After the Lok Sabha was adjourned this morning following protests from the Opposition and UPA supporters like the Samajwadi Party, Prime Minister Manmohan Singh held a long meeting with Food Minister Sharad Pawar, Finance Minister Pranab Mukherjee, Home Minister P Chidambaram, Law Minister Veerappa Moily and others.
A senior UPA minister said many questions were raised during the PM’s meeting and legal clarifications sought. “Since this is a year of low sugarcane output, mills are already paying prices much higher than FRP and SAP. So the situation doesn’t warrant the implementation of FRP. But if sugar prices fall in the coming years, the government may face trouble,” he said.
Earlier this month, Pawar had said, “The FRP is just a guideline and mills cannot pay a price lower than this. However, we expect mills to pay more than the FRP since sugar realisation is Rs 3,000 a quintal.”
Representatives from the farmers’ lobby also met government officials. They have reportedly brushed aside the food ministry’s arguments and claimed those legal arguments don’t hold water. Pawar later held a meeting with law ministry officials. The opposition parties also indicated they are ready to support the government to offset the Rs 14,000 crore burden to the sugar mills but would not accept any dilution of the SAP. The Rs 14,000 crore obligation is a result of litigation by SAP-paying sugar mills, especially in Uttar Pradesh.
“We told the government we are ready to support any mechanism required to wash away the Rs 14,000-crore burden that has arisen due to court orders on levy sugar. But the government can’t make the SAP irrelevant,” BJP’s deputy leader of Lok Sabha Sushma Swaraj said after the Business Advisory Committee meeting of the Lok Sabha this evening.

Sugar companies in UP are therefore facing selling pressures and are all down today. Once again Politics takes an upper hand in this industry.
...

The last cost head, taxes, is a valid irritation. The DTH industry pays over 30 per cent of its revenues as taxes. It pays state taxes such as entertainment tax, plus central ones such as service tax. Cable operators on the other hand, pay only state taxes; plus, they under-declare their subscriber numbers. Therefore, about 4 per cent of cable revenue is taxed, according to estimates.
Some good old lobbying as an industry should help there. So would a dedicated broadcast regulator that, unlike the Telecom Regulatory Authority of India, or Trai, does not double as the telecom regulator. “Nobody in TDSAT (Telecom Disputes and Settlement Tribunal) or Trai understands broadcasting,” says one CEO.
Of the total 240 million households in India, 134 have television sets. Of these, 83 million have a cable connection, while 18-odd million have DTH. So, there is a lot of untapped potential for both cable and DTH.
For now, however, most players are squabbling for the cable consumer, since he is the easiest to target. The average cable price of Rs 150-200 per month creates a ceiling of sorts. As competition increases later entrants such as Sun have pulled prices down to Rs 100 a month and even below. “ARPU really depend on how you segment the market,” says Salil Kapoor, COO, Dish TV. If you target cable-dry or frustrated areas, then the ARPU will be different from what you get from cities that are cable sated. And since most players are targeting the same 83 million cable homes, ARPU is bound to come under pressure.
Vikram Kaushik, CEO, Tata-Sky, adds that growth in ARPU will also depend on how cable prices move. If digitisation happens fast and declaration of subscriber bases increases, then cable prices too are likely to go up. In fact, the two big IPOs coming up from DEN Networks and Hathway Cable should hasten this process. These are two of the largest cable companies in the country. If they manage to raise enough capital to push the pace of digitisation, then there could be good news on ARPU.
What could also buffet revenues somewhat is value-added stuff. Already, the release of new films on DTH has seen anywhere between 30,000 and 150,000 people signing in on an operator. This means subscribers paid Rs 75 each to Tata-Sky to watch say Kaminey in different shows over 24 hours. Dish, for instance, uploads 3,000 jobs a day for its subscribers. “Value-added-services should bring in 4-5 per cent of topline going forward,” says Ajai Puri, director and CEO, DTH, Bharti Airtel."
HOLD is surely suggested.


...