Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
You are here : Moneycontrol  MMB General |
| The latest messages in different topics under General are displayed on this page |
General
Tracked by: 0 Boarder
As we saw with all major US banks..Everyonr kept thinknig initially that they were rumours. But next they the bank were sold out or filed for bankruptcy.....
Tracked by: 0 Boarder
Finance Minister Statements Boost Market...
Tracked by: 0 Boarder
Everything about the financial crisis need not be depressing. People are finding humour in the middle of the stocks meltdown, although punters who have burnt their fingers and much more would find it rude.
Mobile phones are abuzz with funny SMSs doing the rounds about the financial storm and the stocks crash.
Consider this SMS that goes: \"Markets are set to regain 20,000 mark... (But only if) Sensex, Nikkei and Hang Seng are put together at 5,000 points each, NYSE Composite at 1,000 points, Dow Jones Industrial Average at 3,500 and Nasdaq at 500 points.\"
In the real world, Sensex is still above 10,000-point mark, but has nearly halved from its record high level seen early this year, DJIA has dipped to near 8,450, Nikkei is trading near its 20-year low at over 8,000 points.
There are also jokes online like \"Black Mondays used to be a once-in-a-lifetime event. Now they are coming along more regularly than Delhi Metro trains.\" Another SMS doing the rounds says: \"Respected Sensex Sir passed away on October 10, 2008 after not keeping well for nine months. The last rituals would be conducted at Lehman Brothers\` place.\" Another talks about the companies\` balance sheets: \"Assets are written on the left and liabilities on the right side. But, there is nothing left on the right and nothing is right on the left.\"
The market value of all the listed companies in India has nearly halved to about Rs 36.5 trillion from the level seen about nine months ago on January 10, the date when Sensex had scaled its record high of 21,206.77 points.
Another joke doing the rounds says that Raj Thackeray is ready to allow non-Mumbaikars to stay in the city, but it would be mandatory for them to invest in the stock market. There are also some other jokes with political flavour: \"Bankrupt allowed to return to their native place without ticket, says Railway Minister Lalu Prasad; Bankrupt to be given imported wheat free on ration: Agriculture Minister Sharad Pawar; Stock market losses to be treated as tax deducted at source: Finance Minister P Chidambaram.\"
There are also SMSs like \"blockbuster Saare Zameen Par (everyone bites dust) enters into 10th straight month at BSE and NSE multiplexes.\" Another one says: \"When the Sensex was at 21,000, the stock of a single real estate company was ruling close to Rs 1,500. Today, you can get entire sector for the same price and with Lehman Brothers having invested in the sector, further bargain is expected.\"
About global developments also, humour abounds about the crisis and one such joke has gone to the extent of Iceland being auctioned on eBay at a starting price of 99 pence. Some British papers have reported even British Prime Minister Gordon Brown trying his hand at such humours. While giving a speech in London, he quipped on hearing a mobile phone ring, \"I don\`t know if another bank has fallen.\"
Taking a dig at government\`s rescue packages, one says: \"All sports stadiums in USA currently named for banks, insurance companies, or financial institutions will have to be renamed \"Federal Reserve Park.\"
There are also some definition SMSs: Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home.
One defines a bear market as a phase when investor mistakes himself for a financial genius and a bear market as a period when kids get no allowance, wife gets no jewellery and the husband shoots himself on the trading floor.
One more on bull-bear theory says: There used to be bulls and bears in the market, now every one is a plain old ass. Another one defines P/E ratio as the percentage of investors wetting their pants as the market keeps crashing.
\"The market may be bad, but I slept like a baby last night. I woke up every hour and cried,\" talks about the plight of investors, while one comes in form of a tip: October is one of the peculiarly dangerous months to invest in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.
Then a conversation has been visualised like this in one SMS: How many stockbrokers does it take to change a light bulb? Answer is two -- One to take out the bulb and drop it, and the other to try and sell it before it crashes.
-et
...
Tracked by: 0 Boarder
hembhat-You are right!!
...
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by :
hembhat
One must diligently keep aside 20% of his profit in Bank FD every year. This is applicable to all persons above 40. 
Tracked by: 0 Boarder
Following is the text of Finance Minister P. Chidambaram`s statement here Monday, minutes ahead of the opening bell for stock markets that sent key indices soaring after the gloom last week: This is a time of uncertainty. Yet, even in a time of uncertainty there are some facts that cannot be - and ought not to be - ignored. The Indian economy continues to grow at a satisfactory rate.
As recently as last week, the IMF`s (International Monetary Fund`s) research department noted that "the Indian economy would continue to do well despite the impact of the global liquidity crunch." As per projections made by the IMF, India is expected to post a GDP (gross domestic product) growth of 7.9 percent during the current fiscal year.
The stock market indices are important indicators, but they are not the only indicators of the health of the Indian economy. The ratio of investment to GDP remains high at over 35 per cent at the end of the first quarter of 2008-09. The monsoon has been normal. The Kharif crop (especially rice and cotton) has been good. Farmers are sowing their fields. And the prospects for the Rabi crop are bright. Factories continue to produce goods and the services sector is growing at a brisk rate. Crude oil and commodity prices have declined sharply. This is expected to have a beneficial effect on inflation.
The root cause of the present uncertainty is liquidity and not any dramatic change in the fundamentals of the economy. According to RBI (Reserve Bank of India) figures, as on Sep 26, non-food credit increased, year-on-year, by 24.8 percent. Between April and Sep 26, non-food credit grew by 7.8 percent. Time and demand deposits with banks grew, year-on-year, by 18.8 percent and, between April and Sep 26 by 7.2 per cent. I am happy that depositors continue to repose their confidence in the health of our banking system.
Nevertheless, liquidity was found to be inadequate and, consequently, lenders were unwilling to take risks. Some lenders and investors faced redemption pressures leading to a sale of assets, especially stocks. The markets that are bearing the brunt of the problem are the capital market and the money market and, to an extent, the foreign exchange market. These problems can be overcome if adequate liquidity is infused into the system.
Accordingly, RBI has taken measures that have infused an additional Rs.60,000 crore (Rs.600 billion) into the financial system. The LAF also provides liquidity and, as on Oct 10, Rs.91,500 crore (Rs.915 billion) had been accessed by banks through the LAF window. We believe that these steps should ease the liquidity situation and the flow of credit should become smoother, relieving the pressures that had built up in the last two weeks.
The government, RBI and SEBI (Securities and Exchange Board of India) have been in close consultation with each other during the weekend. I have spoken to the RBI governor and SEBI chairman several times in the last two days. We are coordinating our actions. We are watching the situation carefully and we will respond swiftly according to the needs of the situation. We are working on more measures that will infuse liquidity, make credit intermediation smoother, and increase the confidence of depositors and investors. We hope to be able to announce them shortly. Our banks are ready and willing to provide credit. Suitable advisories are being issued to the banks.
Over the weekend, the US, UK, Euro zone and Australian authorities have announced a number of measures to stabilize the financial system. The Australian capital market and three of the East Asian capital markets have opened on a bright note this morning. I expect that our capital market will also take its cue from these positive developments.
We must remain confident and respond to the situation in a cool and mature manner. We must banish fear. Especially, depositors have nothing to fear because their deposits in banks are safe. Investors must take informed decisions. Before you sell, you must remember that for every seller there is a buyer. You must ask yourself why the buyer is buying in these times of perceived uncertainty and, therefore, ask yourself the further question whether there is a need to act in haste or in panic. In my view, there is no reason at all to act in haste or to give room for panic.
If all the players in the economy remain confident and take informed decisions, I have no doubt that the Indian economy will weather the current storm and emerge stronger.
If necessary, I shall make a further statement later today.
...
Tracked by: 0 Boarder
Companies scheduled to announce earnings for the quarter ended September 30, 2008 today are -- AXIS Bank, BASF India , Betala Global Securities, DCM Financial Services, Indo Tech transformers , Kaiser Press, Orbit Corporation, Refex Refrigerants , Repro India, Tata Investment Corporation-et...
Tracked by: 0 Boarder
Stock-picking, or even deciding whether to stick with equities or not, has never been more difficult. However, if you are still looking at stocks, there are four things you have to avoid. In fact, these can come handy at all times:
(1) Don’t give in to market moods
Stocks are not about growth and profits of corporates alone. They also reflect the mood of the economy and investors. Due to this, markets have a tendency to slip into the extremes of both downside and upside.
When the Sensex was at 21,000, ‘value’ was the least significant factor for many investors as they wanted to be part of the euphoria. As a result, many invested in stocks which had three-digit PE (price to earnings) ratio. The situation now is completely different with few stocks commanding PE ratios of more than 20.
Still, if you have invested in equity with a long-term perspective, and if you are not in need of funds, don’t resort to selling in line with market mood. Stay calm and focused
2) Don’t drop long-term goals
The phrase ‘long-term’ has been acquiring a new meaning these days. Investors who entered equity to build corpus over the long-term have changed tracks just because the markets have come under pressure.
If you are an investor with a pre-defined asset allocation towards equity, stick to your portfolio.
Also, remember that equity may have provided 40-50 per cent returns at regular intervals, but the returns actually average out to 15-18 per cent over the long-term due to intermittent corrections.
Still, annualised returns of more than 15 per cent over a period of 10-20 years help beat inflation and build a corpus for long-term needs.
(3) Don’t just buy to ‘average’
A lot of people around you must be talking about this being an opportunity to ‘average’ out your share price. But you can’t afford to fall in love with a stock.
If you have invested in a momentum stock hoping to get quick returns, and if that stock has fallen below your purchase price, booking losses may be a better option than going in for additional purchases.
Reducing the average price through fresh purchase may be a good strategy under normal circumstances, but not in the present bear market.
(4) Don’t take stocks for short-term
Equity should never be an option for short-term goals, irrespective of the market mood. The stock markets are always volatile and can wipe away a good portion of capital in the short-term.
Besides capital, equity requires a staying power and, hence, is not the best option if you are dependent on the corpus in the short-term.
-By Srikala Bhashyam/ET
...
Acquired Immnuo-Deficieny syndrome Doctor claims that HIV can spread through kissing
Posted by : zoombusinessTracked by: 0 Boarder
A Indore city-based doctor has demanded a ban on all such government-run AIDS awareness advertisements, which highlight that using condoms are the only way to prevent the menace.
He alleged that the government was not focusing enough on other reasons of the HIV infection, which include deep kissing as highlighted by some researches.
Dr Manohar Bhandari said he had already sent a letter to Union Health and Family Welfare Ministry and National AIDS Control Organisation in this regard.
In the notices sent on September 26, the Doctor claimed that deep kissing can also spread HIV.
The training module for health workers, however, mentions that hugging and kissing do not spread HIV menace.
-HT
...
Tracked by: 0 Boarder
Sister Alphonsa declared a saint
Christians celebrate canonisation of first Indian woman by the Pope ...
Tracked by: 0 Boarder
We know that icici is the he helthy bank but rumour ???? no one can stop....
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.
Tracked by: 0 Boarder
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)
...
Tracked by: 0 Boarder
* 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.
...
Tracked by: 0 Boarder
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
...
Tracked by: 0 Boarder
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.
Tracked by: 1 Boarder
Somebody bought 153000 shares of ICSA at Rs. 150. The yearly EPS will be Rs. 80. So you are getting at just above 2 PE. What a bargain price!...
In reply to:
ICSA India allots 2650000 equity shares to the Promoter
Posted by : MMB Messenger
The Board of Directors of ICSA (India) Ltd at their meeting held today have allotted 26,50,000 Equity shares of Rs.2/- each, on exercise of conversion option by the Warrant Holders
More from General
Poll
Udayan's Market Outlook
 |
Nifty likely to go back 3700-3800 level | |
| ||
| Udayan Mukherjee, Stocks Editor, TV18 | ||
 |
Popular Boarders 7days| 285 | |
| 188 | |
| 145 | |
| 133 | |
| 124 | |
Top Tracked 7days| 709 | |
| 695 | |
| 571 | |
| 469 | |
| 437 | |
Prolific Boarders 7days| 415 | |
| 396 | |
| 355 | |
| 328 | |