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Oil companies issue notice to airlines, asking them to clear
their dues for aviation turbine fuel already purchased, failing which further
supplies will be suspended. (BL)
...
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* Earnings for quarter ended September to be detailed by:
AXIS Bank, BASF India, DCM Financial Services, Orbit Corp, Repro India, Tata
Investment Corp
* Board Meetings of: Antarctica Ltd, Educomp Solutions, K Sera Sera
Productions, Organic Coatings, Sunitee Chemicals.
...
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Select power and capital goods sector moved up after India and the US signed the 123 agreement ending India`s nuclear isolation and capping the three-year dramatic journey of the nuclear deal.
Reliance Infrastructure (up 7.90% at Rs 556), Rolta India (up 7.90% at Rs 158.35), Crompton Greaves (up 6.07% at Rs 196.50), Larsen & Toubro (up 5.49% at Rs 938), Hindustan Construction Company (up 5.27% at Rs 49.90), ABB (up 4.47% at Rs 670), National Thermal Power Corporation (up 3.96% at Rs 172.10), Bharat Heavy Electricals (up 3.79% at Rs 1396.85), ONGC (up 3.29% at Rs 946), Walchandnagar Industries (up 2.75% at Rs 145.75), and Tata Power Company (up 1.42% at Rs 785.70), flared up.
Areva T&D was down 0.77% at Rs 991.15.
ONGC, as per recent reports, will shortly tie up with Uranium Corporation of India for exploring and mining uranium.
As far as Larsen & Toubro is concerned the company has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has reportedly undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has reportedly constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has reportedly completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has reportedly tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
External affairs minister Pranab Mukherjee and US secretary of state Condoleezza Rice inked the Indo-US nuclear agreement at a ceremony at the Benjamin Franklin Room of the State Department in Washington on 11 October 2008 with a mention of the domestic difficulties faced by both Prime Minister Manmohan Singh and US President George W. Bush in the last three years.
With an eye on the domestic constituency, Mukherjee also made it a point to clarify that the 123 agreement was ‘legally binding’ on both India and the US and that it reflects a careful balance of rights and obligations.
The nuclear deal will give India access to US nuclear fuel and technology without joining the 1970 Nuclear Non-Proliferation Treaty. It is potentially worth billions of dollars to US and European nuclear supplier companies and would give India more energy alternatives to drive its booming economy.
The crux of the deal is that, India would open up 14 of its reactors to regular IAEA inspection, in return of which it would get to import civilian nuclear technology from US and buy nuclear fuel for its civilian reactors from the 45-member Nuclear Suppliers Group (NSG).
courtesy CM News
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What about malfunctioning of icicidirect,on regular basis.... why ebi/rbi not looking at that.... why top managemet never gives proper explanation about icicidirect retailers problmes.... i request media people to ask question on icicidirect whenever kamat/kochar talks on tv.......
In reply to:
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by :
MMB Messenger
KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank. 
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KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank....
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Financial crisis had triggered rumours about the fate of domestic banks, specifically ICICI Bank. However, global rating agency Moody's has given the bank's UK operations a good grading, declaring that the ICICI Bank UK has a robust asset quality, liquidity and a high level of capitalisation. ...
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One must diligently keep aside 20% of his profit in Bank FD every year. This is applicable to all persons above 40....
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by : chief_kamani
hembhat-The entire nation, it seems, is in the grip of what psychologists call "the disposition effect," or an inability to confront financial losses. The natural way to palliate the pain of losing money is by refusing to recognize exactly how badly your portfolio has been damaged. A few weeks ago, investors were gasping; now, en masse, they seem to have gone numb".
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New Delhi, October 10: Finance Minister P Chidambaram expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country`s economic fundamentals and the banking system were strong.
He admitted there is a liquidity crunch in the market and that the economy was facing `spill over and ripple` effects of the global storm but held out an assurance that the "RBI is ready to take further steps and infuse more liquidity if necessary".
Referring to the current global meltdown, Chidambaram said "there is a storm blowing in the world. We did not create the storm. We are facing the spillover effects or the ripple effects of the storm.
"We must brace ourself and weather the storm. I am confident that the Indian economy is strong and resilient to weather the storm and I would request all players in the economy to cooperate with the Government in weathering the storm," he told PTI...
...
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Finance Minister P Chidambaram expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country`s economic fundamentals and the banking system were strong.
He admitted there is a liquidity crunch in the market and that the economy was facing `spill over and ripple` effects of the global storm but held out an assurance that the ...
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What is this nonsense!!! Please dont use this to advertise ulta seedha chit fund scheme.....
In reply to:
Only Profit. Guaranteed. 10% per Month. No Taxes.
Posted by :
manish9724
No Loss. Only Profit. Guaranteed.
10% per Month. No Taxes. No conditions. No uncertainity. Visit our site today. shareking.co.cc
This was worst loss in week. If you continue to invest in such market then you will end up commiting suicide like Americans. Just trust somebody who gives you guarantee of returns. Inflation will go up. You will not be able to save much in future. Its your family and your children depend on you. Brokers will not help you. Banks will never help you. No mutual fund is reliable in this falling market. Only Shareking can assure you trust and returns. Take experience rather than negative thinking. If you trust market then you are stupid. Challenge yourself. Take decision now. How long you will live life like beggars. Brokers get brokerage when you make losses..but what you get is loss of money, peace of mind. Your Investment. Our commitment. Visit our site today shareking.co.cc
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Rs 1 lakh guarantee is provided by DCIGC to all the banks in India. There is no difference in coverage available to PSU banks or to private banks. Apply your mind and don`t follow a heard mentallity or the rumours..
This bank has changed the faced of banking industry in India in less than a decade. None of the PSU banks could achieve that since nationalisation post independence till date. I believe the bank has demonstrated strong management skills and ability to adapt in past. Give them a chance. ...
In reply to:
Liquidity adequate, global exposure small: ICICI Bk
Posted by : DUstocks
Yup ! I guess yr point is valid ... public sector banks are SAFER on that count !!
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Private banks in India, to increase their bussiness, harassing Public in general by their undesired phone calls telling them about different loans. ICICI bank is the topper amongst them - Issuing unwanted Credit cards, their employees are very rude for any type of enquiry.
1st they won\\\\`t pick-up the call, after picking-up the customer is asked to hold for 30-40minutes.
When any customer fail to pay 1-2 installments ICICI bank\\\\`s muscle-men are habitual to destroy the person as no.of customers harassed to such extent where they committed suicides.
For such acts only top management is responsible for such high-handedness. Minimum balance of 5000 to 10000 requires for maintaining SB account with them on which only 3.5% intt.is paid which is openly cheating of lacs of customers who are at a big loss.
ICICI bank will be bankrupt in coming days like big banks in USA. The bank is master in cheating the customers will get destroyed in very near future....
In reply to:
Liquidity adequate, global exposure small: ICICI Bk
Posted by : MMB Messenger
Chanda Kochhar of ICICI Bank, said the bank has adequate rupee and global liquidity of Rs 12,000 crore. "We have no international investments, only loans on our balance sheet. We do not use rupee liquidity to fund global activities."
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No Loss. Only Profit. Guaranteed.
10% per Month. No Taxes. No conditions. No uncertainity. Visit our site today. shareking.co.cc
This was worst loss in week. If you continue to invest in such market then you will end up commiting suicide like Americans. Just trust somebody who gives you guarantee of returns. Inflation will go up. You will not be able to save much in future. Its your family and your children depend on you. Brokers will not help you. Banks will never help you. No mutual fund is reliable in this falling market. Only Shareking can assure you trust and returns. Take experience rather than negative thinking. If you trust market then you are stupid. Challenge yourself. Take decision now. How long you will live life like beggars. Brokers get brokerage when you make losses..but what you get is loss of money, peace of mind. Your Investment. Our commitment. Visit our site today shareking.co.cc...
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hembhat-The entire nation, it seems, is in the grip of what psychologists call "the disposition effect," or an inability to confront financial losses. The natural way to palliate the pain of losing money is by refusing to recognize exactly how badly your portfolio has been damaged. A few weeks ago, investors were gasping; now, en masse, they seem to have gone numb".
...
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by : hembhat
Market has reached capitulation stage. It may remain in coma for few months. Budget 09 and Q-4 results in April 09 would be the key events. Market may go up prior to budget but budget would prove to be a damp squib. Midcaps will take a year to reach levels of 30% from todays level, as further fall is expected on Monday onwards.
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From 21000k to 10000k it took 18 months to climb up but 9 months to climb dn. What do we learn
A)Unrealistic growth cannot sustain
B)Economy is growing at 9% cannot give you infinite growth in market
C)Lack of control on FII`s, Lack of intelligence,over trading,have led to fall on our own head.
Steps required to be taken
A)There should be a regulation for FII`s to invest and withdraw
B)Regulatory intelligence to be improved and action to be taken against those found rigging prices without reason
C)Disclosures from industry as well as Govt. to the extent directly involved in the crisis. This was done by the FM and RBI which is commended.
Further Course of Action
FM and other ministers to concentrate on maintaining the growth. The follwoing sectors need to be concentrated
1)Manufacturing
2)Agriculture
3)Infrastructure
Real estate should not be supported at all as this sector was the one that started creating the bubble. The rates have gone up 220% for no reason and the beneficiary were the builders and sufferer common man. The regulatory should take up with the builders and ask them to bring down the prices by not just offering free stamp duty etc. However as there would be no demand this season the prices are bound to come down by more than 50%.
Things for Common Man
Have a balance portfolio. No matter you may be interested more in equity but my suggestion is that you should be 70% in debt/ fixed income and 30% in equity. Stay calm till the market returns to calm. Incase still you think that the bottom is reached then invest only part of your 30% portfolio and see the state of the market. If the market falls further be ready to book your loss and come out. To learn stop loss and other mechanism one should login to moneybhai.com and take lesson by trading without money. This is one of the best way to learn.
There is no need for panic in India as the growth story is good. The only problem is that due to the recession in global economy we would not be able to achieve the growth rate forecasted and hence we need to concentrate on sectors like infrastructure, agriculture to compensate fall in other areas. Incase agri takes upward trend then our own internal purchasing power will go up this will help our industrail growth. ...
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