Road Minister Kamal Nath has embarked on the world’s most ambitious highway development plan. He will encounter several hair-pin bends on the way. Developers and financiers say a razor sharp mind lies behind his often deadpan expression. Nath has worked hard since he took over in June 2009. In eight months the National Highway Authority of India awarded projects worth Rs40000 crore. By the end of March , the figure could touch Rs 55000 crore. While it might fall short to the target of Rs 100,000 crore set for this year, it is by no means a mean achievement for a first year in office. Government support to the sector is evident in the Rs 19894 crore provision that the finance minister has allocated in this budget for building roads. India Infrastructure Finance Company will also increase disbursements to Rs 20000 crore by 2011 to finance these projects. Nath is spearheading the National Highway Development Programme that aims to build or upgrade 47000 kilometers of highways by 2015. The Biggest such plan opening up for investment anywhere in the world. The Minister has also set for himself a tough target: To build 20 km of roads every day. Naturally the industry from cement makers to road developers is salivating at the prospects of contracts that will be worth Rs 100,000 crore ($22 billion) each year. Over 80% of the highway projects being executed by the NHAI are running behind scheduled and the state run organization is yet to complete shake off the lethargy of the past. Big Challenges A Getting equity B Realising 20 km dream is the lack of capacity in the system to handle projects worth Rs 100,000 crore each year. C Acquisition of Land for example Uttar Pradesh has not acquired land for a single NHAI project in recent years. For Kamal Nath whose political base is in rural Madhya Pradesh, the value of road linkage is apparent. He was reminded of that at the Delhi Auto Expo in January as he ran into visitors from Chindwara, his Parliamentary constituency. They had all come to Delhi to check out the latest car models. A disposable income of one lakh may not mean much in Delhi but in rural areas, it means an SUV he says. For their sake, Kamal Nath can not afford to fail. Excerpts from India FORBES ...

Key Investment Debates MORGAN STANLEY • Macro forecast: Politics are in good shape, in our view, and we believe this should allow reasonable policy momentum. The government is already moving forward with significant tax reforms, and we expect infrastructure spending to pick up pace in the coming 12 months, especially in electricity and roads. We forecast GDP growth of 6.7% and 8% in F2010 and F2011, respectively, ahead of consensus. More important, for the market, industrial growth is likely to accelerate over the coming 12 months. The acceleration in industrial growth is likely to close the output gap faster than current consensus expectations. Supply-side factors, including the availability of capital and its cost, favor a trough in capex and a recovery in the coming 12 months. We don’t believe this is yet in the price. • Earnings growth: We are now looking for 15% and 23% growth for the BSE Sensex constituents on aggregate in F2010 and 2011, respectively, compared consensus figures of 4% and 22%. Revenue growth seems to have bottomed, in line with our view that industrial growth is likely to accelerate in the coming months. The strength of the recovery could have upside in excess of our forecasts, depending on the execution of policy reforms. The corporate sector seems to have cut costs, and thus margins have improved sharply. The macro environment (i.e., higher consumer price inflation vs. wholesale price inflation after adjusting for food prices) favors a robust rebound in margins in the coming four quarters. We thing these three factors set the scene for strong earnings growth over the next 12 months. It is quite likely that broad market earnings growth will accelerate faster than the narrow market, as we saw in the previous cycle. We expect broad market earning growth to average 20% and 25% in F2010 and F2011, respectively. • Valuations: The market’s valuations do not currently appear attractive to us, although neither are they stretched. However, the prospects of earnings upgrades means that valuations could, in hindsight, turn out to be attractive. On our top-down estimates, the Sensex is trading at 17.5xand 14xF2010 and F2011 earnings, respectively. The 12months trailing P/E for the MSCI Index is at 30% premium to the emerging market multiple .At a 10-year bond yield of 7.6%, investors are realizing a risk premium at 6.4% which suggests that the market is attractive for long-term returns. However, at the margin, long bonds appear interesting especially from an ownership, supply, and valuation perspective. Returns from long bonds are likely to be constrained by rising domestic short yields, however, and, our-of-the-consensus view on US long bond yields. We think equities offer better returns than bonds. • Ownership, equity supply, and liquidity: FII ownership is coming off a 51/2 -year low. Rising equity supply could cause a problem for the market if it gets bunched up, as we saw recently. Excess liquidity in the system is likely to reduce as growth gains pace. Market behavior in the previous two tightening cycles has been mixed, and hence is inconclusive. • Sentiment: The market can no longer rely on depressed sentiment as a guide to better returns, in our view. Sentiment is mixed and suggests reluctant participation best illustrated by the neutral position of our proprietary market timing indicator. Some components of our proprietary composite sentiment indicator, notably momentum metrics and volatility measures, suggest that the market could sell off. We think market participants should keep an eye on breadth and trading turnover. ...

Morgan Stanley January 2010 MACRO; ACCELERATION IN REFORMS TO ENHANCE THE SCOPE OF RECOVERY 1 Moving to the A in POTA cycle: Every major policy/regulatory change in India must go through a one to three-year cycle of POTA (Proposition, opposition, Treaty-Consensus and Action) This evident in a number of policy changes implemented in the last few years 2 The good news- many key reforms are moving towards the Action phase: The most prominent measures likely to see action in F2011 are *The Goods and Services Tax system: Transition to GST will be important milestone from a Macro perspective. While the government had earlier announced its intention to implement it as of April 2010, it appears that it will most likely implemented as of October 1,2010 ** Consolidation of the public sector deficit: The Government is expected to take the first step towards reducing the deficit to more sustainable levels in the February 2010 budget. The recent report of the 13 th finance commission will be a good guide for the government to move on this correction path. The Govt will be cutting expenditure to GDP by 1ppin F 2011. A simultaneous increase in tax to GDP should help cut the combined deficit to 9.2% of GDP in F 2011 from 10.7% of GDP in F 2010. Further reduction in the deficit to 7.7% of GDP in F 2012 will take place. ***Meaningful steps towards divestment of the government stake in SOE’s: There will be significant pickup in the government’s divestment from March-April 2010. In 2011 the government could collect US$ 10 billion from divestments. **** Acceleration in infrastructure spending, particularly in road: After steadily rising to 5.7% of GDP in F 2008 from the trough of 3.7% in F 2005, infrastructure spending has been stagnant over the last two years. We expect infrastructure spending to start rising again in F2011. We expect infrastructure spending rise to 7.7% in F2013 from and estimated 6.1% of GDP in 2010. ***** Direct Tax Reforms: The ministry of finance has already put out a draft of new code for direct taxation. ...

Dear chief – Yes, they have a very experience guys in the top level management. K.SUDHIR BABU CEO/MD: The chairman and MD of cocurrent India infrastructure has over 15 years of experience in real estate, property and infrastructure design and development. Over the years he has held several important positions in various companies, including: 1. Started the career as partner in Navabharati Transports and handled the project at Nalco representing for BHEL as material handling contractor… 2. VTPS (Vijayawada thermal power station) stage IV as material handling contractor. 3. Business partner for siemens business communication and Motorola for Andhra pradesh region. 4. Developed sushilpa heights with his associates, a land mark building of 1.30 laks Sq.ft at Kushaiguda, ECIL cross roads, Hyderabad. K.P.RAO (BOARD DIRECTOR): A Mechanical engineer has an excellent track record in the construction and infrastrucre industry spanning over 30years. 1. He has an experience of 30 years working with BHEL as AGM. 2. Also acted as an advisor to BSES (merged with Reliance Infrastructure Ltd.) HAVING TECHNICAL COLLABORATIONS: The company has signed an agreement with Ellis Richardson Inc on an "exclusive basis for Indian market and non-exclusive basis for overseas market for technical collaboration in implementation of power plants", With thanks Be and make ...

if it is a multibaggaer why is it loosing 4 to 5 % session by session. i think it wll reach 300 with in a weeks time. its fair value is around 300 for this year. next year may be around 325....

page three Page three Education Guarantee Scheme (EGS) centers. There will either have to be phased out or upgraded to proper schools. She says. The same applies to teachers as well. Over the years, various states had deployed para-teachers, also known as barefoot teachers shiksha karmis,gurujis Sibal has to contend with lobbies in his ministry, Many who strongly oppose private players and Public-private partnership and vidya sahayaks. These teachers are not well-qualified like formal teachers and are paid low salaries. For instance, in Rajasthan the minimum qualification for a para teacher can be as low as Class VII (and Class V in case of women). In Jharkhand there are 79,000 para-teachers at the primary level while Chhattisgarh has 1,42,000 para-teachers. In states like Chhattisgarh and Madhya Pradesh, para-teachers outnumber regular teachers. State government schools already have 5 lakh teacher vacancies. When you look at the goal of a teacher-student ratio of 1:30, the shortage becomes even more severe -11 lakh to 12 lakh teachers will have to be hired in six months. Some state don’t be hired in six months. Some states don’t even have teacher training facilities. Tasting Times Some are of the opinion that Sibal’s hands are tied because of the old guard in the ministry and various committees that he inherited from his predecessor. Sibal has to contend with various lobbies within his ministry, many of whom strongly oppose private players and public-private partnership. On the other extreme are those who say that government should stay out of schools and Should only fund education. “There has to be a middle path. For RTE to be successful government cannot be the only player”, enough to invite other players into it- corporate foundation, for – profit private sector players, not-for profit players, education trusts.” In some states, the number of private school is increasing at a much higher rate – such as Tamil Nadu, Punjab and Haryana – there can’t be one norm for the whole country. Whose head will roll if implementation is poor? Says Govinda, “We are trying to do several things at one time, I don’t know whether everything will be monitored because it needs a huge amount of support system that keeps track of everything – in everything from RTE.” To teacher training, school education,” But monitoring is necessary. “The other important aspect is to ensure that necessary financial resources are created at the state level – including commitment to per child expenses that arise as a result of various actions to be implemented under the Act”, says Dileep Ranjekar. The biggest challenge for Sibal will be building consensus among political leadership. “The central government doesn’t run the education system – most of it is in states with state board schools and state universities. Centre has just a small number of institutions,” says Govinda. There are already points of disagreement here – financing for instance. The state governments want all the money to come from the Center. Sibal has just had one meeting with the education ministers of the states. Some states are in a bad fiscal situation. While states like Madhya Pradesh and Bihar have low revenues, others like Chattisgarh are better off. “He needs to have a one-to-one dialogue with each state. He has a good intention but he doesn’t want to work the intention through – to do that he needs a good group of officers working with him,” says Ramachandran. If successful, RTE will be the high point of Sibal’s stint and HRD minister. But he needs to act fast. From Forbes Megazin...

Kazi Aviation’s strong presence in the aviation field will help the Concurrent Infra’s reputation, reliability in the investors circle. It shows the ability of the HARD working technocrat K.Sudhir Babu CEO of Concurrent Infra. He is a very hard working person always looking to cater the new opportunities. Its not easy to grab such nice companies in the early stages of a new company. Kazi Aviation story: Formed From The Parent Company ( Kazi Maintenance & Cleaning Service ) Started By Mr Abdulaziz Ahmed Kazi In The Year 1986 A New Company Was Incepted In 1994 The Name Of M/S Kazi Aviation & Travel Services By Dr Hamid Abdulaziz Kazi As The Proprietor And Later Extended The Company As Part Of Honorary Board Members And Submitted The Members Board For Security Clearance From Mha For Approval Of Director General Of Civil Aviation ( D G C A ) Government Of India For Clearance Of Non Scheduled / Technical Flights In India With Over flying Permissions From Any Aviation Authorities. Services Offered by Kazi Aviation: • Complete Ground Handling • Mis-handled Baggage Delivery • Crew Scheduling • Over Flying/Technical Permissions • Fueling/ Refueling • Aircraft On Charters • Helicopters On Charters • Hotel & Tour Package Bookings • Aviation Training • Cargo, Courier & Logistics • Formal & Technical Education from Various Universities. • Anything & Everything For Aviation Services • Cabin Cleaning Of Various Types of Aircrafts. • Flight Dispatchers • Buy / Sale / Lease of Any Type of Aircrafts on Dry / Wet Lease. • One Spot for All Aviation Needs in India at Any Time. The Kazi Aviation can provide Complete Solution For: Any Aviation Needs from Manpower to Aircrafts, Also Provide Trained Cabin Crew, Operating Crew, Load Master, Ramp Agents, Security Officers, Flight Dispatchers, Push Back Operators, Fmc Operators, Tractor Operators, Loaders, Cleaners Including Cabin, Representatives, Station Managers Etc. The Kazi Aviation has Expanded to A Great Height and Have Obtained Various Ground Handling Contracts As Follows:- * Ground Handling Of Crescent Air Flights At Mumbai / Kolkotta From 2005 * Ground Handling Of Air France Flights At Chennai From 2006 * Ground Handling Of Helicoptors For Global Vectra Helicorp At Various Airports In South India From 2007 Like Chennai , Pondy , Viajayawada , Trichy, Thrupati , Rajamundhary , Vizag, Kolkotta, Salem, Madhurai, Comboitore , Bangalore, Hyderabad, Trivandrum, Cochin Etc. * Ground Handling For Non Schedule Flights Of Aerotech , Club Air One , Raymonds, Vedantta , Expo Aviation Of Sri Lanka , Many International Non Schedule Operators As Their Official Or Authorised Agents Co-Ordinating With Indian Airline Or Air India Or Cambata Aviation. * Cabin Cleaning For Jetlite Aircrafts In Chennai. * Providing Manpower For Various Activities To Gulf Air , Emirates At Chennai & Saudi Arabian Airlines At Mumbai. * Official Representative For Aerotrade Swiss Gmbh In India , Srilanka , Nepal, U A E , Oman , Bahrain , Yeman , Kuwait Etc... * Sole Distributors For Halleys Aircarft Of Hungary In India. * Mishandled Baggage Delivery Agents For South India For Various Airlines Like M/S Delta Airlines Inc , Air France , Emirates , British Airways , Go Air , Indigo , Etihad Airways In Mumbai For All India Aircraft Sale , Aircraft Lease , Complete Ground Handling Of Any Type Of Aircraft At Any Airport In India With Official Supervision As Representative Of The Operator. They Can Provide Adhoc Ground Handling At Any Airports In The World Through Our Partners And Authorized Agents. --- All the best to K.Sudhir Babu and hope all his targets achieved… God bless him With thanks Be and make...

Stock has steep ups and down?...

How this stock will be ...

Neyveli Lignite a mkt performer; tgt of Rs 195: Karvy
Published on Mon, Feb 01, 2010 at 14:44 | Updated at Mon, Feb 01, 2010 at 15:51 | Source : Moneycontrol dot com...

IndusInd Bank has target of Rs 164: Thacker
Published on Wed, Feb 03, 2010 at 08:50 | Updated at Wed, Feb 03, 2010 at 09:28 | Source : CNBC-TV18...

Is there any reason for stopless runing?...

Thanks for best wishes. I wish these colours may effect your family. May GOD paint your/family life with SEVEN COLOURS and get mukti from kam/karodh/lobh/ moh/ hunkar.....!...

Thanks for suggestion and early reply?...

I am accepting your party for ever for good views. We can serve the nation by exchanging good views and its preachings. Thanks for invitation!...

May this Christmas end the present year on a cheerful note,
and make way for a fresh and bright New Year,
Here’s wishing you a Merry Christmas and a Happy New Year!
...

Hi biharboy, A Good move and beneficial to small/new investors like us. I feel following stock loo good for investment for long term:
(i) Indian cement
(ii) Glenmark
iii) Praj industries
iv) NHPC
v) Gujrat State Petronet
Good Luck and take ur own decisions.
Reply of this counter should be marked to all boarders now participating?...