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yes i think nifty can above 4600 pts b\\\\`cos in the markets more pepole hegge all position ...
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Indian market will never get decoupled with any bad news. This current effect is nothing but a relief rally after the correction in crude prices and Government saviour....
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Hi,
Gold, platinum strike 8-month low on surging dollar
- Reuters
SINGAPORE (Reuters) - Gold tumbled to its weakest in almost eight months in volatile trade on Tuesday, losing its safe haven appeal as investors shifted some of their money back into the U.S. dollar and oil further retreated from record highs....
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Positive news floating in the market...
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Dual pricing for steel in the offing
- Indian Express
Determined to quell inflationary pressures of steel prices on the economy and enhance availability, the government is likely to ask leading companies to resort to dual pricing, i.e., different prices for domestic sales and for exports. The steel ministry is apprehensive that manufacturers can marginally increase prices since the cost of production has spiraled due to steep rise in input costs. While producers can charge export parity price for overseas sales, all domestic sales should be based on declared domestic prices, a ministry official told The Indian Express. The move comes despite firms assuring the government they would publicise their ......
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Monday August 11, 05:18 PM
Govt approves 10 road projects for $2.5 bln
NEW DELHI (Reuters) - The government on Monday approved 10 road projects to be build with the help of private firms at a cost of 105.07 billion rupees ($2.5 billion), the finance ministry said in a statement.
The projects, spread over eight states, are part India\'s plan to significantly improve its infrastructure at a cost of $500 billion over the five years to the end of 2012. ...
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MAN Industries (India) Limited, one of the leading pipe manufacturing companies has reported the net profit at Rs 14.52 crores during the quarter ended June 30, 2008, as compared to Rs 17.35 crores in the corresponding period a year ago. The PAT is lower due to high depreciation and employment cost during the quarter....
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For a man who could not even lift a rifle for almost a year let alone shoot with it, Abhinav Bindra\'s gold medal at the Beijing Olympics is more than just a historic feat -- it is a miraculous story of grit and determination.
The 25-year-old 10m air rifle world champion proved the naysayers wrong and lived upto the Olympic spirit of Citius, Altius, Fortius.
Indian shooters went to Beijing amid a lot of hype about their medal prospects but reality dawned as soon as they touched the Chinese capital.
One by one, celebrated names like Anjali Bhagwat, Manavjit Singh Sandhu, world title holder, and Mansher Singh misfired badly and failed to even qualify for the finals of their respective events.
It is against this background that one had to view Abhinav - one name that had hardly created a buzz before leaving for Beijing. With a spine injury hampering his preparations in the run up to the Games, he was at best given an outside chance.
However, the Khel Ratna and Arjuna awardee who is competing in his third successive Olympics, thrived on the relative anonymity and was happy to go about his job without too many expectations resting on his shoulders.
And if Abhinav\'s career track record is anything to go by, then he was always one of the best bets for an Olympic medal.
A gold medallist at the Manchester Commonwealth Games, Bindra became the first Indian to clinch an Olympic berth for Athens 2004 with a bronze medal at the Munich world Championships.
His Athens sojourn, however, was highly forgettable as faulty flooring in the finals deprived him of a slice of history at his second Olympic tryst.
However, an unfazed Bindra moved on and within two years of the Athens heartbreak he ensured a third Olympic appearance by winning the gold medal at the Zagreb World Championships, becoming the first Indian to do so.
But after the dream run, started a nightmare that threatened his career. A spine injury meant that even lifting a rifle was out of question and murmurs started as to whether the prodigious talent would ever be at his best.
However, Bindra returned to the shooting range after almost one year of a grueling rehab. Fitter and more determined, Bindra made sure that his third attempt at Olympic glory went perfectly by the script.
In a thriller of a contest that went right down to the last shot, Bindra beat off competition from a reigning Olympic champion en route to his historic feat which would be celebrated for a long time to come.
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State-owned phone company\'s plans to raise $10 billion in the biggest local IPO must overcome waning foreign investor interest in a country whose share markets have dropped by a quarter this year.
There has been no timeline for Bharat Sanchar Nigam\'s (BSNL) IPO, but the company expects the issue in six months.
Bankers said the target can be met only if the process is fast tracked and other issues such as union opposition are ironed out. While smaller IPOs have been completed this year despite the market selloff, thanks to a large pool of willing local investors, the biggest deals will struggle without foreign participation.
\"For foreign funds, equity is definitely no longer the preferred asset class,\" said Jayesh Shroff, who helps oversee about $3.5 billion at SBI Mutual Fund. \"They are quite wary of it and Indian IPOs do not fit their strategy now.\" Andrew Holland, managing director of strategic investment group at DSP Merrill Lynch, said poor secondary markets, the global credit crunch and nervousness about weakening growth forecasts for India have kept foreign funds on the sidelines.
The government said in January it aimed to list BSNL by selling 10 per cent, but put the plan on hold after opposition from its communist allies and trade unions. India\'s biggest IPO, January\'s $3 billion offer from Reliance Power, was subscribed within minutes of opening, helped by big institutional funds.
Foreign funds own 4.7 per cent of the firm or nearly half the stake sold in the initial public offer. Its success was due in part to heavy subscription from foreign hedge funds, overseas banks and portfolio managers. But in July, UTI Asset Management, India\'s oldest mutual fund, put off a $480 million IPO, joining other heavyweight listing candidates on the sidelines after foreign funds wanted the valuation cut by a quarter.
\"It all depends on market sentiment. There is clearly a flavour for public sector stocks but pricing is the key,\" said Paras Adenwalla, chief investment officer at ING Asset Management (India). \"Will a large IPO be subscribed, yes. But the question will be is there anything left on the table for investors to make money after the listing.\" Some bankers have also said big issues were unlikely to be completed ahead of national elections due by May.
At least 10 firms have delayed or shelved IPOs worth about $4 billion this year due to sluggish demand amid a deep market slide. And the outlook remains downbeat for the rest of the year, in line with the global trend.
\"There is a wariness towards taking fresh positions in Indian offerings,\" said S. Ramesh, chief operating officer at Kotak Mahindra Capital. India\'s central bank has raised interest rates to a 7-year high of 9 per cent in a bid to tame inflation of close to 12 per cent, and analysts have cut economic growth forecasts and corporate profit appears to be slowing.
Firms looking to raise relatively smaller amounts of about 1 billion rupees ($24 million) have, however, managed to scrape through in the last four months helped largely by support from local banks, domestic mutual funds and wealthy individuals. About 10 firms have raised a total of nearly 4.5 billion rupees over the last three months, while two companies hope to raise as much as 2.5 billion rupees in the next two weeks. Indian IPO proceeds fell 7 per cent in January-June to $4.3 billion, data show. Total share sales, including IPOs, fell to $615 million in April-June, the lowest since the last quarter of 2003. Kotak Mahindra Capital\'s Ramesh said the lull would continue this year, but demand could pick up in early 2009 when global and Indian markets are expected to stabilise. et-
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yes it can sustain unless crude crosses 120$...
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FMC wants brokers under anti-laundering act - Reuters
MUMBAI (Reuters) – The Forward Markets Commission (FMC), which regulates commodity markets, has written to the government to include commodity brokers in the ambit of the Prevention of Money Laundering Act 2002 or PMLA....
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Hi,
Monday August 11, 04:20 PM
India has no plans to change ECB rules for firms
NEW DELHI (Reuters) - India does not plan to change overseas borrowing rules for firms now, but may consider revising rules for interest spreads for such borrowing, a finance ministry official said on Monday. ...
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influation may go above 13.5 & crude may teach new high in comeing day's...
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Why all of a sudden this stock started moving any good news ahead for this stock. What may be the target....
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chak the India thats a real gift to the country by Abhinav. congratulations and best wishes.
manak...
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Abhinav Bindra wins India's first individual Olympic Gold
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Abhinav Bindra wins India's first ever individual Olympic Gold medal for the 10m Air Rifle event.
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