Today the perfect analyst was rudra_sinha. Very Good Now Monday opening Analysis. Considering the following Factor 1. Dollar Becomes Strong 2.Holiday in Dubai therefore full news r not covered 3.FII Investment r increase 4.Today closing 4941 5.Nifty Future at premium 6.Any factor that U know. My Opinion:- There is 2 holidays in between and in 2 days any thing can happen. But i m very bullish on mkt. I think our mkt has more positives than other. There a one good news and it can reachat there high level. Today recovering proves that. No one can exact say about monday opening. In my opinion Monday Mkt r opening in green and it can go up 5100 or above. please give ur views also. Thank You. ...

whatever it is , this one is failing to cross 900 comfirtably.....

FII is buying on dips in Indian Mkt. It will be interesting to see mkt closing. And Hangseng has fell down 900points...

I think there r last destroy factor (dubai real state crisis) for real state sector. Our mkt is falling becuase of negative global cues but personally Sentiments for indian mkts r not negative. i think investment in real state sector in this time is like to purchase gold @ 8000. What do u think?...

Dubai world and Nikkil Group have total debt of 59bl dollar. Dubai govt total debt 8000cr dollar. Abudabi the neighbour of dubai has surplus fund 69bl dollar and it can help to takeout dubai from crisis. And it is not default payment it is only delay payment. Fundamentally this crisis cannot make high impact on global. But this news fell the investor sentiments due to which all global mkts is falling...

do advise me three to four good script to invest for long term please...

Please give ur opinion on intra day closing. Considering the following matters. 1.21 lakh shares joins 5100 call option 2. 11.30 lakh shares joins 5200 call options 3.Dubai reals state mkt sector r in crisis 4. Nifty future disc. 3.25 5. Any factor that u know. My opinion :- Support - 5000, 4950,5035 Resistence- 4950,4920,5080 Closing - if above 5080 then 5140 and if down then 4950 or 4920 Optional - if mkt break 5140 then 5180 and if break 4920 then 4850 or below 4900 I request who r not day trader trying to analyse intraday closing with the above factors. Thank You....

The embattled Dubai government has successfully raised a further USD 5 billion from two Abu Dhabi banks as part of its long-term bond programme, signalling that investors are still showing trust in the oil-rich city-state.

The Dubai government has successfully raised a further USD 5 billion from two Abu Dhabi banks on Wednesday as part of its USD 20 billion long-term bond programme launched at the beginning of 2009.

Quoting Al Hilal Bank chief executive Mohammad J Berro, Gulf News said, "USD 500 million was released to the Dubai government by Al Hilal Bank on Wednesday. The remainder will follow," he added.

Berro further said "we have subscribed to Sukuk worth USD 2.5 billion because Dubai has come strongly out of the financial crisis. The tenure is five years and the coupon rate is four per cent, which is a good return."

This fund raising is despite the fact that investors are concerned over the huge debt burden of Dubai World, an investment company that manages and supervises a portfolio of businesses and projects for the Dubai government.

On November 26, Dubai World said it would ask creditors for a "standstill" on paying back its USD 59 billion debt until at least May.

Citing Al Mal Capital fund manager, the Gulf News said "the market expects Dubai to raise another USD 5 billion soon which will take care of some of Dubai`s debt and lift the confidence of the investors

We hope the crisis will be solved by May2010
with regards
rvk41...

Dear,
Our RBI has decided to study and give proper direction to them,let us hope the realty sector is not like that of Dubai
with regards
rvk41...

Dear,
Infosys,Tcs,L&T,RIL,SesaGoa,HUL,BHEL etc can be added to your Folio for a L T of 2 to 3 years
with regards
rvk41...

The state-owned oil exploration major ONGC is eyeing a 20-25 per cent stake in a giant Iranian gas field, even as it awaits Tehran’s nod for its plan to develop a gas field it had discovered two years ago.

ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), will discuss participation in the development of Phase-12 of the gigantic South Pars gas field in the Persian Gulf, when top officials of Iranian national oil firm visit the country next week, sources said.

Hinduja Group, too, is interested in the $7.5-billion South Pars Phase-12 (SP-12) project but OVL’s pursuit is independent of it. OVL has not approached Petropars, the unit of National Iranian Oil Co (NIOC) which holds the rights for the field, for picking a stake through a joint venture with the Hindujas.

Both OVL and the Hindujas had in the past signed separate MoUs with Petropars for SP-12 and are independently talking to NIOC, they said, adding if the Hindujas are able to convince Iran to give them a stake in the field, the state-run company will welcome them in the consortium formed by Petropars.

In its talk with NIOC next week, OVL would also take up the issue of granting development rights for the offshore Farsi gas fields for which it, along with IndianOil and Oil India, has submitted a $5-billion development plan.

Sources said OVL would negotiate getting liquefied natural gas in return for its efforts in both the projects.

For information,with regards
rvk41...

IT services firm Mahindra Satyam said customer attrition has stopped and it is not offering price cuts to win new deals, a company executive said.

"We inherited 380 customers and we have not lost any. We have added about 36, so we have about 420 (as of now)," Atul Kunwar, president, global operations, said at the Reuters India Investment Summit held in Bangalore.

Mahindra Satyam, which counts General Electric Co, Cisco Systems and GlaxoSmithKline Plc among its clients, has renewed over 50 deals in the last three months.

"A lot of these are multi-year deals," Kunwar said.

The company, earlier known as Satyam Computer Services, was acquired in April by Tech Mahindra, a unit of tractor and utility vehicle maker Mahindra & Mahindra, after being hit by India`s biggest corporate scandal.

Kunwar said the company is not seeing any payment delays.

"In fact, the customers are being overly good to us. No payments are being held up," Kunwar said.

Mahindra Satyam, which is in talks with the World Bank to lift a ban, said it is hopeful of completing the restatement of its accounts by June 2010.

In December last year, Satyam Computer Services was barred from business with the World Bank for eight years.

The firm currently has 35,000 employees, including the virtual pool

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rvk41...

Unitech Ltd, India’s No. 2 listed real estate firm, has no exposure to Dubai, its managing director Sanjay Chandra said on Friday.

“We have no business or exposure to either business from Dubai, nor any borrowings from Dubai,” he told Reuters.

Earlier, a DLF spokesman said the company had no exposure to Dubai

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rvk41...

Eicher Motors hopes to sell up to 50,000 Royal Enfield motorcycles during the year to December, up from 43,000 last year, a senior official
said on Friday.

It expects to sell 60,000 Royal Enfield motorcycles in calender 2010, Shaji Koshy, general manager, sales and marketing - Royal Enfield, told reporters.

Motorcycle sales contribute about 15 per cent of the total revenues of Eicher Motors, he added

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rvk41...

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""

With regards
rvk41...

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.

For information,with regards
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.

For information,with regards
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.”

For information,with regards
rvk41...