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Asian stocks fall after mixed US economic reports- AP
Asian stocks slid Monday after mixed economic reports about the U.S. economy inspired caution among investors. Major bourses were down as much as 1 percent after a lackluster session on Friday.
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ofcourse, the PSU banks still follow the same old practise of conducting written tests etc to recruit people. Its only the private sector that is queueing up at the biz schools. vasanth
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The christians calmly replied... We just used the airwaves... Ha Ha Ha Ha Ha... ROFL...
PS: Wonder if it was the sikhs! Ha Ha Ha Ha Ha... ROFL...
Tracked by: 12 Boarder
why you are diverting those topics that we have discussed see your idiot calls this morning.
joetom Average at 65 if you can
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2010-03-15 10:20 AM #
joetom Guest, your id please! Loss is yours please! Loss n profit part of this game! Renuka may come 3-5 points more down....Hold
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2010-03-15 10:20 AM #
Guest jawaji renuka bought at 76 on your call you said buy bet 74-76 that time price was 76 sl placed at 73 booked loss of 3rs not 1
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2010-03-15 10:15 AM #
Jawa Expecting nifty to move below 5100 if fails to cross 5160. Hedge stock longs with some index shorts to stay safe.
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MUMBAI INDIANS... Dhan Te Nan... Tae dae dae, Tae dae dae..!!
I wanna see the MIs butchering the Delhi Daredevils today..... C`mon Sachin , Sachchin, Sachchchiiinnnn..!! :) :)
Pollard & Bravo shud also be back after 2 more matches....
Cheers Guyz..!! :)
.
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Washington, Feb 04 (ANI): Asthma patients using herbal remedies may make their quality of life worse and suffer from increased frequency of symptoms, a new study claims.
A study conducted by American College of Allergy, Asthma and Immunology observed 326 asthma patients over a 33-month period.
Of those, 25 percent reported herbal remedy use and lower adherence to use of prescribed inhaled corticosteroids (ICS).
It was learnt that patients using herbal remedies were more likely to have been hospitalized or intubated for asthma.
Also, they had concerns about possible adverse effects of ICS and difficulty following a medication schedule.
Angkana Roy, M.D., lead author, Department of Pediatrics, Mount Sinai School of Medicine, New York, said: "Results indicate patients using herbal remedies are less likely to take their prescribed medications.
"These patients report worse asthma control and poorer quality of life than patients who follow medication plans. Underuse of prescribed medication is one of the main factors contributing to poor outcomes in asthma patients."
Also, Leonard Bielory, M.D., ACAAI Integrative Medicine Committee chair, added: "Patients interested in herbal remedies need to use them to complement treatment and not as an alternative, or they will not maximize their health and may actually hinder it as this study shows.
"Remember, asthma is a serious disease and needs to be treated that way. Always ask your allergist about medication concerns and discuss use of herbal remedies."
The study has been published in Annals of Allergy, Asthma and Immunology, the scientific journal of ACAAI. (ANI)
BLINDLY BUY
Posted by :
basit222Price when posted : BSE: Rs 80.00 ( 0.00 % ), NSE: Rs. 80.20 ( 0.31 % )
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BLINDLY BUY FOR GREAT GAIN
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Life is a coin. You can spend it anyway you wish, but you can only spend it once."
FPO
Posted by :
NAUGHTY007Price when posted : BSE: Rs 347.50 ( -4.19 % ), NSE: Rs. 349.45 ( -3.67 % )
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the stock shd bounce after hitting low of 330 approx-though much will depend on nifty which shd rally any time now & tara is right to wait for allottment and hold LT
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Ya all stocks have their own charts...and their own behavior...but sometimes the behavior is strongly influenced by the NIFTY.
The situation is compounded for the loved ones, more than the one who WAS `on the verge of limb and life being snatched away`.
My 20 yr old was in that situation and I know he went through a real tought time and suffered immense physical damage. But it was those who loved him that suffered the Maximum trauma - his mom,younger brother, dad, the entire family and his friends.
We are glad to have him back among us. The combined forces of healing of all brought him from from the edge :)
Rgds
ww
Vishal Retail CDR
Posted by : pms.swastikaPrice when posted : BSE: Rs 63.50 ( -0.08 % ), NSE: Rs. 63.85 ( 0.16 % )
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Vishal Retail CDR
Vishal Retail has informed that it Could not arrive at final outcome for Corporate Debt Restructuring (CDR), Next meeting to be on March 26.
Swastika PMS
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About 8K pending orders at LC... should I buy some more today or wait for tomo...?
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shorted Mar NF @ 5135 , sl nifty spot 5147,intraday play
Vishal`s true picture puffed up: Auditors
Posted by :
aajkavyaparPrice when posted : BSE: Rs 61.00 ( -2.48 % ), NSE: Rs. 61.35 ( -2.00 % )
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Debt-ridden Vishal Retail had overstated profits and under-reported losses, according to its auditors. In a ‘limited review report’ to the board of directors earlier this month, the auditors – Haribhakti and Company – said for the nine months ended December 2008, the company stated a net profit of Rs 48.93 crore instead of Rs 20.24 crore.
Similarly, the net loss for the year ended March 31, 2009, was reported as Rs 88.94 crore instead of Rs 94.49 crore, according to the report, which has also been filed to the stock exchanges.
The troubled retailer is currently undergoing a corporate debt restructuring (CDR) exercise.
The auditors also pointed out some gaps in listed income, as well as in recognising contingent liabilities of the company. They, however, said the review was primarily limited to inquiries of personnel and analytical procedures applied to financial data, and thus provide less assurance than an audit.
The auditors’ comments are likely to impact the ongoing CDR process, which is already facing some hurdles. At least one of the bankers in the ‘CDR cell’ — which comprises the six main lenders to the company — had begun demanding a forensic audit of the company.
The banker has threatened to take the matter to the Company Law Board (CLB) if the forensic audit, usually undertaken to uncover financial fraud, does not come through, a senior official connected with the CDR process said. He did not want to be named.
Six of the 13 lenders with exposure to the troubled retailer are part of the CDR cell. These are State Bank of India, Bank of India, ING Vysya, UCO Bank, HDFC Bank and HSBC.
The forensic audit was demanded as there is an an apprehension that money raised by Vishal Retail in the past two years had been siphoned out.
When asked whether there was a case for an audit, Vishal Retail’s chairman Ram Chandra Agarwal said: “I have been hearing about this, but I have not received anything in writing.”
The CDR cell is expected to take a final decision on the debt restructuring on March 26. All lenders who are part of the CDR cell are bound by the decision made by it.
“Normally, the lead bank takes other banks into consensus. It is not very common to see a (non-lead) bank approach the Company Law Board, but it is possible,” said Manoj Kumar, senior partner, Hammurabi & Solomon, a corporate law firm.
In such an event, the company and those involved in the CDR would become answerable to the CLB.
The chief general manager of the CDR cell, K P Ramakrishnan,refused to comment on the likelihood. “Every decision is taken with a super majority of the lenders, which can be 60 per cent by number or 75 per cent by their exposure to the debt,” he said
The demand for a forensic audit was triggered by the speedy depletion in the value of inventory held by the company. The company reported an inventory of Rs 750 crore as on December 31, 2008. As on December 2009, this was valued at Rs 392 crore. The inventory is now valued at less than half that number.
The company conceded it had been writing down inventory since January 2009. “We have been in the process of writing off bad inventory. There is no case for further write downs,” said Agarwal.
Since Vishal’s inventory is not dominated by perishables, eyebrows have been raised at these write downs.
The limited review report of the auditors also highlighted the inventory write offs. While Rs 134 crore was written off earlier on account of “shrinkages, slow-moving, non-moving, obsolete, damaged goods, etc”, another Rs 143 crore was written off between January 1 and March 3, 2010, according to the report.
“The basis of such write-offs has not been explained. Hence, we are unable to comment on the adequacy of the amount written off and/or further provision for write-off required in this regard,” said the report, signed off by Raj Kumar Agarwal, partner in the firm.
“VRL should not require write down of such a scale. Even if it is assumed that the write down was a genuine cleansing of books, there are reasons to suspect that this write down was overdue for many years and the financials on the basis of which money was raised from lenders and investors did not truly represent the company’s affairs,” said the official.
Lenders are also viewing with suspicion a new entity — Unistar Retail — started in December 2009 by Sunil Hiravat, who has been a close associate of Ram Chandra Agarwal. “I have nothing to do with Unistar,” said Agarwal.
Vishal Retail had gone for corporate debt restructuring last November. The Texas Pacific Group, a private equity fund, is said to be keen on taking over the assets of Vishal, with an investment of Rs 250 crore.
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