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Tracked by: 0 Boarder
I know for sure, that past few years, every Finance/ Banking / Economics guy worth his salt, knew where the Wall street\'s financial doings and overlooked deeds - would eventually lead to. I congragulate the US House of Representatives for rejecting the bail out. Sure do undertake the bailout, but take a few tips from the Chinese how to deal with these Wall street shysters, many of them still sitting behind their desks, awaiting the funding, to enable them encash their checks. The bail outs should only begin, after, in a manner of speaking, STOP PAYMENTS have been done on all these so called Bonus and Golden parachute checks, has been done....
Tracked by: 0 Boarder
2009 Home Prices in Mumbai will fall by 40 to 75 percent.
Times of India: For price of a ticket, you can buy a home in US
Return tickets for Delhi-New York are priced around Rs 75,000, but with real estate prices crashing in the US, Indians could buy homes there for the same amount! Thanks to the bottom falling out of the US housing market and struggling families abandoning homes, unable to keep up with mortgage payments.
A detailed look at US realty websites such as realtor dot com, zillow dot com and ziprealty dot com show homes with one bathroom and bedroom are indeed being advertised at anywhere between $1,500-3000 (Rs 69,000-1.38 lakh), an incredible fact by itself, in places such as Detroit, Michigan, Jackson, Mississippi, and Cleveland, Ohio.
“The dramatically lowered residential property rates in many parts of the US can be attributed to the sub-prime crisis, which has caused a huge surplus of stock in the market, besides reducing liquidity, which slows down absorption,’’ said Raminder Grover, MD, Homebay, a subsidiary of international property consultants Jones Lang LaSalle Meghraj. As per law, homes can be purchased only by US residents, and the low prices could suit students travelling to US and techies regularly sent for on-site operations. As per the RBI cap, an average Indian can invest upto $200,000 (Rs 93 lakh) in US real estate.
“Students live in apartments or as paying guests by shelling out $250-500 per month. If they or their parents can afford to pay money upfront, this might be a good option for students planning to stay for 1-2 years,’’ said Sridevi, US counsellor for Valmiki Group, which processes study visas for US. Over 6% of US home loans are in arrears and around 1.5-2 million Americans have lost their homes to foreclosure in 2007.
As in India, additional costs, apart from buying the home, could be from the cost of borrowing, brokerage payable for the location of property and registration. For the likes of Rohan, an IT professional who is soon to be sent to New York for 3-6 months, a home could straightaway save $500-1000. Junior and middle-level techies get $400-600 per month as house allowance, while project managers and higher-ups are said to get even $1,000 per month. But students or techies going to states such as Nevada or California may not be as lucky. “In California, homes still come at $50,000-200,000. Indian students cannot afford to pay that much. Plus, a group can still rent out an apartment for $2,000-3000 and split the costs,’’ Sudha Kumar, recruitment coordinator at Viterbi School of Engineering (University of Southern California), said.
Still, houses that are available at a price cheaper than a Nano continue to lure everybody. “It is an ideal time to buy property in countries such as the US and the UK, since entry costs have never been lower and the future growth potential is immense. Also, these property markets are far more transparent than our own; so investors can get clean deals much faster,’’ Grover of Jones Lang LaSalle Meghraj said....
In reply to:
Experts see property prices in Mumbai holding
Posted by :
pkk07
Why do you keep asking a barber if you need a haircut? Why would HDIL or DLF or Unitech accept that property prices will fall.
In fact, if they are so sure, why are they giving these statements? They should be laughing their way to banks instead. 
Tracked by: 0 Boarder
Bullshittt.... all the top banks are in a state of Panic and Chanda is trying to cover up .. some kind of disaster covering.. It will not be long when the the public will come to know that teh bank is bankrupt....
In reply to:
No panic withdrawal from ICICI Bank: Chanda Kochhar
Posted by : MMB Messenger
Chanda Kochhar, Joint MD & CFO of ICICI Bank confirmed that ICICI Bank is financially safe and sound. She added that there is no panic or substantial withdrawals from their branches, and that the disbursals via branches and ATMs are normal.
Tracked by: 0 Boarder
Axon global is struggling to integrate 10 other companies they have bought in the past 2+ years. It is 10+ different cultures with all kinds of egos. Once the Infosys or HCL deal goes through these 10 other company\\`s founders stock will vest and they will leave and the buyer will be left holding the empty nests and some disgruntled employees. .
Typically whenever a consulting company buys another company, they are only buying people. If the buying company cannot take care of the people of the new company, the the merger will fail. For example all HCLT employees travel by coach to US and Europe. An Axon global employee will never do such a thing. He /She will demand business class for travels.
Also can the Infosys or HCLT SAP leadership manage the SAP leadership of Axon Global or will the Axon global leadership take over SAP leadership of Infosys or HCLT? There is no way Axon global leadership team will report to Indian SAP leadership teams. This issue alone will take the toll. If Axon global executives gets the upper hand, HCLT executives will leave or vice-versa.
Considering he fact HCLT has never done the true SAP full life cycle implementation from start to finish in a US or UK company, AXON global will definitely will have a upper hand if Axon global decides to go with HCLT.
One more thing: Axon global is not big in any way in US. Significant portion of their revenue comes from UK only. US revenue is probably less than USD 30 to 40 Million). Hence this merger will NOT add any significant value for inforsys or HCLT for their North American business.
Only winners are Axon Global Stock holders.
...
In reply to:
MS downgrades HCL Tech to underweight post Axon offer
Posted by : Guest
I think HCL tech is attractive & bullish over long term if it buys Axon. It would spell good business for them. So I would prefer to buy right now.
Tracked by: 0 Boarder
I think Mr. Sarag of HDIL trying to \\\\\\\\...
In reply to:
Experts see property prices in Mumbai holding
Posted by : MMB Messenger
Sarang Wadhawan, MD, HDIL, expects real estate prices to hold in Mumbai. However, Gaurav Pathak, Analyst, ICICI Securities, said the price correction is expected least in Mumbai.
Tracked by: 1 Boarder
tata west bengal se gaye to gaye saath mein metro ko bhi le gaye.............
\"mahi\"...
In reply to:
Tata Motors rights issue demystified
Posted by : MMB Messenger
The Tata Motors stock went ex-rights on September 9. The rights issue opens on September 29 and closes on October 20. The rights issues that will raise Rs 4145 crore for Tata Motors comes in two parts.
Tracked by: 0 Boarder
Why do you keep asking a barber if you need a haircut? Why would HDIL or DLF or Unitech accept that property prices will fall.
In fact, if they are so sure, why are they giving these statements? They should be laughing their way to banks instead....
In reply to:
Experts see property prices in Mumbai holding
Posted by : MMB Messenger
Sarang Wadhawan, MD, HDIL, expects real estate prices to hold in Mumbai. However, Gaurav Pathak, Analyst, ICICI Securities, said the price correction is expected least in Mumbai.
Tracked by: 0 Boarder
Why do you keep asking a barber if you need a haircut? Why would HDIL or DLF or Unitech accept that property prices will fall.
In fact, if they are so sure, why are they giving these statements? They should be laughing their way to banks instead....
In reply to:
Experts see property prices in Mumbai holding
Posted by : MMB Messenger
Sarang Wadhawan, MD, HDIL, expects real estate prices to hold in Mumbai. However, Gaurav Pathak, Analyst, ICICI Securities, said the price correction is expected least in Mumbai.
Tracked by: 0 Boarder
Sarang Wadhawan, MD, HDIL, expects real estate prices to hold in Mumbai. However, Gaurav Pathak, Analyst, ICICI Securities, said the price correction is expected least in Mumbai....
Tracked by: 1 Boarder
The Tata Motors stock went ex-rights on September 9. The rights issue opens on September 29 and closes on October 20. The rights issues that will raise Rs 4145 crore for Tata Motors comes in two parts. ...
Tracked by: 0 Boarder
The US Congress and the Bush administration have finally agreed on the language of the $700 billion legislation intended to bail out institutions reeling under the massive financial crisis after a marathon session stretching several hours.
US Congress finalising financial bailout plan
Though the government and lawmakers have agreed on the broad outlines of legislation after sitting through the package last night, with lawmakers refusing to give the entire $700 billion to the Treasury at one go.
-courtesy- S. finance
...
Tracked by: 0 Boarder
* HCL counters Infosys bid to buy Axon for 441.1 mln sterling .....
* Jaguar Land Rover Halewood unit to suspend production Oct last wk .....
* PM econ panel head says 3G spectrum auction plan \"myopic\" .....
* Regulator says Indian insurance cos\' solvency margins adequate .....
* Railway board member hints at stable freight rates FY09 .....
* Govt source says Tata Motors MD to meet Bengal CM Sun on Singur issue .....
* BPCL FY09 net profit seen near FY08 levels; oil pdts output up 10% .....
* Tata Power, Damodar Valley in pact for renewable energy ventures .....
* JP Morgan India CEO sees local shr mkt\'s mid-long term view bright .....
* Head says Andhra Bank to revalue immovable assets to boost capital .....
* Honda to advance launch of small car Jazz in India by 5-6 mos .....
* Kingfisher Airlines to hike domestic fares up to 5% from Oct .....
* Govt allots 351,669 tn more PDS wheat, 70,500 tn rice to non-poor .....
* Expert Mistry sees mustard area falling if no import duty imposed .....
* Source says Tata Motors MD may meet Bengal CM Sun on Singur issue .....
* Home rentals heading south too (DNA)
* Bharti dials Unilever for talent (ET)
* Deutsche Bank to buy 5% in BPL (ET)
* US investors too put Bengal on watchlist (FE)
* DGH moots graded system for rig moratorium (FE)
* Essar still undecided on refinery plans (FE)
* Markets tumble on biggest banking failure in US (ToI)
* Nestle to invest 6 bln rupees in India next year (HBL)
...
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Agm Of-----
21st Century Management Services.
Laffans Petrochemicals.
Aasheesh Securities.
Lead Financial Services.
Abhishek Corp.
Lohia Securities.
Aditya Spinners.
Lokesh Machines.
Aegis Logistics.
Lords Chemicals.
Alps Industries.
Mac Charles India.
Anand Electric Supply Co.
Mangalam Ventures.
Andhra Petrochemicals.
Maharashtra Polybutenes.
Ankur Drugs & Pharma.
Maharashtra Seamless.
Arcee Industries.
Maximaa Systems.
Arihant Capital Markets.
Modern Steels.
Arvind International.
Mp Agro Industries.
Asian Granito India.
Murudeshwar Ceramics.
Atlanta.
Mrugesh Trading.
Atn International.
Neha International.
Atul Auto.
Ng Industries.
Autoline Industries.
Nd Metal Industries.
Avanti Feeds.
Nucent Finance.
Axel Polymers.
Numero Uno Projects.
Bala Techno Global.
Nu Tech Corporate Services.
Bala Techno Industries.
Nu Tek India.
Balaji Distilleries.
Oricon Enterprises.
Bellary Steels & Alloys.
Panacea Biotec.
Bentley Commercial Enterprises.
Panchsheel Organics.
Bhagawati Gases.
Panther Industrial Products.
Bhatinda Chemicals.
Patels Airtemp India.
Bio Green Industries.
Pfl Infotech.
Bits.
PNB Gilts.
Brilliant Securities.
Prakash Industries.
Ceejay Finance.
Precision Pipes And Profiles Co.
Cinerad Communications.
Precision Wires India.
Centum Electronics.
Pranavaditya Spinning Mills.
Chd Developers.
Priyadarshini Spinning Mills.
Punjab Alkalies & Chemicals.
Clarus Finance & Securities.
Radha Madhav Corp.
Clutch Auto.
Raisaheb Reckhchand Mohota Spinning.
Coastal Trawlers.
Raj Packaging Industries.
Cybele Industries.
Rajath Finance.
Danlaw Technologies India.
Rajasthan Tube Manufacturing Co.
Desh Rakshak Aushdhalaya.
Ram Informatics.
Dhanalakshmi Bank.
Ruttonsha International Rectifier.
Diamant Investment & Finance.
Sadbhav Engineering.
Divyashakti Granites.
Sahara Housingfina Corp.
Donear Industries.
Salguti Industries.
Ds Kulkarni Developers.
Sambandam Spinning Mills.
Duroflex Engineering.
Sampre Nutritions.
Dynamatic Technologies.
Samrat Pharmachem.
Elcot Hitech Toolroom.
Sanghi Industries.
Eldeco Housing & Industries.
Saptarishi Agro Industries.
Enkei Castalloy.
Savera Industries.
Essar Shipping.
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Tracked by: 0 Boarder
I think HCL tech is attractive & bullish over long term if it buys Axon. It would spell good business for them. So I would prefer to buy right now....
In reply to:
MS downgrades HCL Tech to underweight post Axon offer
Posted by : MMB Messenger
Morgan Stanley has downgrades HCL Tech to underweight post the Axon counter-bid. Morgan Stanley said that the HCL Tech bid for Axon is marginally dilutive to the EPS with target of Rs 200.
Tracked by: 0 Boarder
Morgan Stanley has downgrades HCL Tech to underweight post the Axon counter-bid. Morgan Stanley said that the HCL Tech bid for Axon is marginally dilutive to the EPS with target of Rs 200.
...
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