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Hindustan Motors signs MoA with Isuzu Motors India

Written By Unknown on Minggu, 30 Juni 2013 | 14.02

Jun 29, 2013, 09.33 PM IST

Hindustan Motors signs Memorandum of Agreement with Isuzu Motors India Pvt. Ltd. in Chennai today.

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Hindustan Motors signs MoA with Isuzu Motors India

Hindustan Motors signs Memorandum of Agreement with Isuzu Motors India Pvt. Ltd. in Chennai today.

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Hindustan Motors signs MoA with Isuzu Motors India

Hindustan Motors signs Memorandum of Agreement with Isuzu Motors India Pvt. Ltd. in Chennai today.

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Hindustan Motors Ltd has informed BSE regarding a Press Release dated June 28, 2013, titled "Hindustan Motors Ltd Signs Memorandum of Agreement with Isuzu Motors India Pvt. Ltd. in Chennai today".Source : BSE

Read all announcements in Hind Motors

To read the full report click here

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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Integrated Technologies sets floor price at Rs 3.25/sh for offer for sale

With reference to the earlier announcement dated June 25, 2013 regarding Notice of Offer for Sale of Shares by Promoter, Rajeev Bali ("the Seller"), the promoter of Integrated Technologies Limited has now informed BSE that the floor price per equity share offered for the sale of Integrated Technologies Ltd shall be Rs. 3.25 (Rupees Three and Twenty Five Paise only).Source : BSE

Read all announcements in Integrated Tech


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Finolex Cables appoints D K Chhabria as executive chairman

Finolex Cables appoints D K Chhabria as executive chairman

Finolex Cables, at its annual general meeting, approved appointment of PP Chhabria as director, D K Chhabria as executive chairman, Mahesh Viswanathan as executive director & chief financial officer with effect from July 1.


14.02 | 0 komentar | Read More

Sell MCX Gold Aug fut; target Rs 25750: Fortune Financial

Written By Unknown on Kamis, 27 Juni 2013 | 14.03

Fortune Financial Services' report on bullion -

Bullion: Gold prices pared some of their overnight losses after U.S. firstquarter economic growth was revised lower. The nation's gross domestic product, the broadest measure of all goods and services produced in the economy, grew at a 1.8 percent annual rate between January and March, the Commerce Department said Wednesday. This was less than earlier readings and below the 2.4 percent gain forecast by economists.

Energy: Crude oil futures on the MCX were trading higher today due to weakness in rupee against the dollar, However, weak bias in benchmark contracts on the NYMEX capped rise in MCX oil futures, NYMEX crude oil futures edged lower today due to profit booking and firm dollar against the euro.

Metals: Copper closed lower on the London Metal Exchange Wednesday, weighed by concerns over Chinese metals demand and a weaker-thanexpected reading on U.S. economic growth. At the PM kerb close, LME three-month copper was down 0.8 percent at USD 6,735 a metric ton. Aluminum was down 0.8 percent at USD 1,770 a ton. Nickel lost the most ground, ending the session 2.4 percent lower at USD 13,600 a ton.

MCX Gold Aug futures contract trend is looking weak on chart, day traders can sell on rise Major support is seen in range of 26020, 25750 and 25600. While important resistance is seen near 26380. 26550, and 27750.

Recommendation - Day traders can sell at 26200 Target 26020 & 25750 SL above 26350

MCX Silver July futures contract is looking weak on chart, day traders can sell on rise Major support is seen in range of 38800, 38200 and 37600 . While important resistance is seen near 40100 , 40600 and 41100.

Recommendation - Day traders can sell at 39800 Target 39000 & 38600 SL above 40200

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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Expect further correction in Tata Motors: Ambareesh Baliga

Jun 27, 2013, 12.27 PM IST

Ambareesh Baliga of Edelweiss Financial Services says that one may see further correction in Tata Motors as it seems to be overvalued.

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Expect further correction in Tata Motors: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services says that one may see further correction in Tata Motors as it seems to be overvalued.

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Expect further correction in Tata Motors: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services says that one may see further correction in Tata Motors as it seems to be overvalued.

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Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "I think Tata Motors is beginning to come off because we also see some amount of slowdown in China which was the marking market for Tata Motors."

"The domestic market hasn't been doing too well for them and for the overall auto sector for quite a while and that is also expected to continue at least for the next four-five months. So, even at these levels Tata Motors seems slightly overvalued and one could see further correction," he added.

Also Read:  Monsoon, festivals to help sales grow over 5-10%: Maruti


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From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

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Frontline stocks and midcaps may face pressure: Bhatnagar

Jun 27, 2013, 12.30 PM IST

Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.

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Frontline stocks and midcaps may face pressure: Bhatnagar

Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.

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Frontline stocks and midcaps may face pressure: Bhatnagar

Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.

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Vineet Bhatnagar, MD of PhillipCapital told CNBC-TV18, "Our own analysis suggests that names like HDFC , ICICI Bank , HDFC Bank , Ranbaxy Laboratories , Sun Pharma , Jaiprakash Associates , Bata India , Dish TV , Hindustan Petroleum Corporation ( HPCL ), Tata Global Beverage and a host of them from both the midcap and front-line stocks could face some pressure in the last half hour of trade today."
Tags: Vineet Bhatnagar, PhillipCapital, HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma, Jaiprakash Associates, Bata India, Dish TV, Hindustan Petroleum Corporation, Tata Global Beverages, Tata Global Beverage

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From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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Walmart India head Raj Jain leaves, interim head named

Written By Unknown on Rabu, 26 Juni 2013 | 14.03

Wal-Mart Stores Inc said on Wednesday it named Ramnik Narsey as interim head of its India business, replacing Raj Jain, who it said has left the company.

Also read: DIPP's new 'Control' definition to benefit Wal-Mart

Walmart did not provide a reason for Jain's departure.

Narsey joined Walmart in May 2013, after serving as chairman and chief executive officer for Woolworths India.



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Sell Colgate Palmolive, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Colgate Palmolive was a sell earlier also because it has completed its bull market. It has done wonderful things. It has already embarked on a bear market, it's not just a downtrend and that is going to happen to the pharmaceutical companies as well as fast moving consumer goods (FMCG) stocks almost everywhere."

"Colgate is coming down, it is going to go lower. It is going to complete its downtrend, which is much lower than where we are now. For today it is a short sell, carry it for the next couple of days also and do not worry about F&O expiry," Sukhani said.

At 09:45 hrs Colgate Palmolive (India) was quoting at Rs 1,279.35, up Rs 18.90, or 1.50 percent. It has touched an intraday high of Rs 1,282.00 and an intraday low of Rs 1,256.60.

The share touched its 52-week high Rs 1,580.40 and 52-week low Rs 1,133.40 on 01 January, 2013 and 26 June, 2012, respectively. Currently, it is trading 19.05 percent below its 52-week high and 12.88 percent above its 52-week low. Market capitalisation stands at Rs 17,398.24 crore.

Also Read: Colgate downgraded to 'sell' by Antique post Q4 earnings



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Expect Aurobindo Pharma to rally: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are little buying opportunities; at least Aurobindo Pharma is standing still. It has not broken down. My only sense is that most pharma stocks are now giving signs of distribution. There will be buying opportunities while they chop around the top of their ranges. I am expecting Aurobindo Pharma to show a rally enough to justify a short-term trade. It is not an intermediate term opportunity."

At 09:51 hrs Aurobindo Pharma was quoting at Rs 175.50, up Rs 0.05, or 0.03 percent. It has touched an intraday high of Rs 177.70 and an intraday low of Rs 172.25.

The share touched its 52-week high Rs 204.90 and 52-week low Rs 104.50 on 07 January, 2013 and 10 August, 2012, respectively. Currently, it is trading 14.35 percent below its 52-week high and 67.94 percent above its 52-week low. Market capitalisation stands at Rs 5,110.76 crore.

Also Read: Aurobindo Pharma Q4 net profit flat at Rs 108 cr



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BSE Sensex soars 200; Bharti, ONGC, HDFC Bank top gainers

Written By Unknown on Selasa, 25 Juni 2013 | 14.03

12:18

Moneycontrol Bureau
Live Market Commentary

12:20pm Apollo Tyres shares fell more than 2 percent as Maruti and Tata Motors are taking lower supply from the company, reports CNBC-TV18 quoting cogencis' sources.

Sources say Tata Motors, which is the largest customer of Apollo Tyres, has taken drastic supply cut from the company while Maruti is buying 20 percent less tyres from company since April.

12:10pm Indian equities extended gains in afternoon trade, tracking sharp recovery in China's Shanghai index that trimmed losses to 1.4 percent from 5 percent.

The BSE Sensex is up 200.95 points or 1.08 percent at 18741.84, and the Nifty is up 55.20 points or 0.99 percent at 5645.45. The broader markets too cut losses from 1-1.5 percent to 0.5-0.7 percent.

Dealers say the recovery is mostly because of short covering in major largecaps that witnessed selling pressure in previous session.

Country's second largest private sector lender HDFC Bank gained nearly 3 percent.



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Geometric achieves UTC Gold Supplier Certification

Jun 25, 2013, 12.18 PM IST

Geometric has informed that it has been awarded the Gold Supplier Certification from United Technologies Corporation (UTC) (NYSE: UTX) for its exemplary work with UTC�s subsidiary company, Pratt & Whitney Canada Corp.

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Geometric achieves UTC Gold Supplier Certification

Geometric has informed that it has been awarded the Gold Supplier Certification from United Technologies Corporation (UTC) (NYSE: UTX) for its exemplary work with UTC�s subsidiary company, Pratt & Whitney Canada Corp.

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Geometric achieves UTC Gold Supplier Certification

Geometric has informed that it has been awarded the Gold Supplier Certification from United Technologies Corporation (UTC) (NYSE: UTX) for its exemplary work with UTC�s subsidiary company, Pratt & Whitney Canada Corp.

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From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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Surat Textile Mills: Outcome of AGM

Jun 25, 2013, 12.26 PM IST

Surat Textile Mills at its 67th AGM held on June 24, 2013, has consider the following; 1) Adoption of Audited Account for the year ended March 31, 2013 and report of the Board of Directors and Auditors thereon; 2) Re-Appointment of Shri M. R. Momaya as Director

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Surat Textile Mills: Outcome of AGM

Surat Textile Mills at its 67th AGM held on June 24, 2013, has consider the following; 1) Adoption of Audited Account for the year ended March 31, 2013 and report of the Board of Directors and Auditors thereon; 2) Re-Appointment of Shri M. R. Momaya as Director

Like this story, share it with millions of investors on M3

Surat Textile Mills: Outcome of AGM

Surat Textile Mills at its 67th AGM held on June 24, 2013, has consider the following; 1) Adoption of Audited Account for the year ended March 31, 2013 and report of the Board of Directors and Auditors thereon; 2) Re-Appointment of Shri M. R. Momaya as Director

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From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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4 reasons why government may not scarp SEZ policy

Written By Unknown on Senin, 24 Juni 2013 | 14.03

Jun 24, 2013, 12.12 PM IST

Launched in 2006, the programmed has been mired in controversies. Commerce ministry has asked the Export Promotion Council for EoUs and SEZs (EPCES) to commission on a study to Icrier to find if the SEZs have met their economic objectives for which the programme was rolled out, the report said.

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4 reasons why government may not scarp SEZ policy

Launched in 2006, the programmed has been mired in controversies. Commerce ministry has asked the Export Promotion Council for EoUs and SEZs (EPCES) to commission on a study to Icrier to find if the SEZs have met their economic objectives for which the programme was rolled out, the report said.

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4 reasons why government may not scarp SEZ policy

Launched in 2006, the programmed has been mired in controversies. Commerce ministry has asked the Export Promotion Council for EoUs and SEZs (EPCES) to commission on a study to Icrier to find if the SEZs have met their economic objectives for which the programme was rolled out, the report said.

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Moneycontrol Bureau

Though media reports suggest that the government may scarp the Special Economic Zone (SEZ) policy, brokerage firm Centrum feels that it is highly impossible. Launched in 2006, the programmed has been mired in controversies. Commerce ministry has asked the Export Promotion Council for EoUs and SEZs (EPCES) to commission on a study to Icrier to find if the SEZs have met their economic objectives for which the programme was rolled out, the report said.

Here are four reasons why according to Centrum, the government is unlikely to scarp SEZ policy:


  • Already USD 44 billion of investments have been invested in these SEZs.
  • Exports from the SEZs rose 30 percent to USD 88 billion in FY2013 when the country as a whole reported 1.8 percent year-on-year fall in exports to US 300.6 billion in the same period.
  • SEZs have provided 10.75 lakh jobs- therefore, Centrum believes that it is almost impossible for the government to think of scarping SEZ policy;
  •  Even if SEZs are denotified, the developers are expected to be allowed to develop the land.

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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USD can rise 15% by 2014 end: Morgan Stanley

Strengthening dollar and rising US treasury yields are giving a tough time to emerging markets like India, Indonesia, Thailand, Singapore and Hong Kong, says Chetan Ahya, Asia Pacific Economist, Morgan Stanley.

The strengthening of US dollar, which has seen 11 years of weakness, is a systematic trend. The US economy is expected to perform well ahead, so one should brace up for another 14-15 percent rise in dollar until end 2014, he told CNBC-TV18 in an interview.

"It is kind of trend. I wouldn't say that this is going to be a reversal from here and that we are going to go back to the old levels of rupee. If the dollar is on a systematic rise that we have to build certain amount of inflation differentials reflecting in the currency," he added.

Given the current global economic environment, the real interest rates are rising, so the property markets in Asia are likely to remain under pressure.

Meanwhile, he cautions that the growth environment for India will be challenging. "To deal with high CPI and current account deficit (CAD), India will have to lift real interest rates, which have challenges in generating leverage and domestic demand, so it has impacted India's growth outlook," he explained.

He feels that the Reserve Bank of India (RBI) has moved too fast in cutting interest rates. So, going ahead even if the CPI decelerates, the interest rates in the market will remain elevated whether RBI cuts rates or pauses.


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EU risks upsetting Turkey with threat to call off talks

The European Union is on the verge of scrapping a new round of membership talks with Turkey, a move that would further undermine Ankara's already slim hopes of joining the bloc anytime soon and damage its relations with Brussels.

Germany, the EU's biggest economic power, is blocking efforts to revive Turkey's EU membership bid, partly because of its handling of anti-government protests that have swept the country in the last few weeks, EU sources say.

The Netherlands, too, has voiced reservations about the EU's plan to open talks with Turkey next Wednesday on a new "chapter", or policy area, the sources say.

Also read: EU-US FTA will promote growth around world: Joao Cravinho

EU officials had hoped that opening the new chapter, on regional policy, would breathe new life into Turkey's deadlocked EU membership negotiations.

EU ambassadors, who failed to agree last week, were due to discuss the issue for a last time on Monday morning.

German Foreign Minister Guido Westerwelle, who has been more positive on Turkey's accession to the EU than Chancellor Angela Merkel, said he still hoped for an agreement in the coming days.

"We are on a good path," he told the broadcaster ARD, adding that there was still the possibility of a positive outcome, although he did not expect a decision on Monday. "We are working on this," he said.

If there is no last-minute change of heart in Berlin, Ireland, currently holder of the EU presidency, will have to tell Turkey that Wednesday's meeting has been postponed or cancelled.

Turkey, already locked in a diplomatic row with Germany after Chancellor Angela Merkel said she was appalled by its crackdown on protesters, has made clear it would respond forcefully to any EU decision to scrap Wednesday's talks.

Alarm

Germany's hardline stance is causing alarm among some European policymakers who think the EU should be engaging more with Turkey to support civil rights rather than moving away.

"It would be a huge mistake to try to block Turkey's EU progress right at this time," Swedish Foreign Minister Carl Bildt tweeted on Sunday.

Marietje Schaake, a Dutch liberal member of the European Parliament, said it would be unwise for the EU to slam the door on Turkey.

"This situation creates ... a chance for the EU to step up efforts to improve the rule of law in Turkey, such as the independence of the judiciary and respect for the fundamental rights of all people in Turkey," she said on her website.

Analysts see electoral considerations as playing a role in Germany's position. Merkel's conservatives oppose Turkish EU membership in their manifesto for September's parliamentary election and delaying talks with Turkey could help them politically.

Amanda Paul, a Turkey expert at the European Policy Centre think tank, said Germany's stance would have an "extremely serious" impact on Turkey's membership negotiations, already virtually blocked for three years.

"I don't see the logic behind what the Germans are doing ... because it is not going to be helpful to either Turkey or the EU. This relationship is an important relationship, it is not one that can just be thrown away," Paul said.

Strategic case

Fadi Hakura, a Turkey expert at London's Chatham House think tank, said the Turkish government was in a "very prickly and combative mood" and was likely to respond to an EU snub by suspending political contacts and meetings with EU institutions, and possibly recalling its ambassador.

However, Mark Leonard, director of the European Council on Foreign Relations think tank, did not see Turkey breaking off accession talks, which began in 2005, 18 years after Turkey first applied to join.

Given Turkey's position adjoining Iran and Syria, the strategic case for Europe having a relationship with Turkey was greater than ever, he said. Turkey is an influential power in the Middle East and a member of the NATO military alliance.

Turkey's negotiations to join the EU have so far advanced at a glacial pace. It has provisionally closed just one of 35 chapters or policy areas.

It has opened a dozen more chapters but most of the rest are blocked due to disputes over the divided island of Cyprus or hostility from some EU members, especially France - though that has eased under President Francois Hollande. It has not opened a new chapter since 2010.

Turkey has been leapfrogged by many other EU applicants. Croatia, which applied for EU membership in 2003, is set to become the EU's 28th member next month. The deadlock means the EU has lost its appeal for many Turks.

France and Germany have always had doubts about allowing a largely Muslim country of 76 million people into the European club, fearing that cultural differences and its size will make it too difficult to integrate.

Ankara's supporters, led by Britain and Sweden, say the EU can benefit from Turkey's growing economic clout and its role as an intermediary in the Middle East, and that Europe needs its cooperation to secure energy supply routes.



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India bags 32 awards at Cannes; best performance yet

Written By Unknown on Minggu, 23 Juni 2013 | 14.02

Jun 22, 2013, 05.07 PM IST

At the International Festival of Creativity, popularly known as the Cannes Lions festival, awards for 12 of the 16 categories have been announced so far and the Indian Lion haul has already reached 32, making this year the country's best performance at Cannes.

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India bags 32 awards at Cannes; best performance yet

At the International Festival of Creativity, popularly known as the Cannes Lions festival, awards for 12 of the 16 categories have been announced so far and the Indian Lion haul has already reached 32, making this year the country's best performance at Cannes.

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India bags 32 awards at Cannes; best performance yet

At the International Festival of Creativity, popularly known as the Cannes Lions festival, awards for 12 of the 16 categories have been announced so far and the Indian Lion haul has already reached 32, making this year the country's best performance at Cannes.

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At the International Festival of Creativity, popularly known as the Cannes Lions festival, awards for 12 of the 16 categories have been announced so far and the Indian Lion haul has already reached 32, making this year the country's best performance at Cannes.


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Find out: Costs of 2BHK areas acorss all metros

Prime property, the weekly real estate reckoner, finds out the prices of 2 BHK apartments across the four metros of Mumbai, Delhi, Chennai and Kolkata. 

Mumbai's property market remains subdued. High prices continue to dampen buyer sentiment. Jones Lang LaSalle is particularly bullish on the western suburbs and Navi Mumbai. It also advises buyers to hold on to purchases for now.

Rohan Sharma, Senior Manager Research, at Jones Lang LaSalle India says, "For a buyer it might make sense for him to see if the continued pressure on developers on unsold inventory makes them come down on prices. That trend has not been seen. But increasing pressure may lead to a situation where they might be able to get better. Schemes are being introduced in which they can enter into the market. So, they might get favourable payment terms and they might want to hold on for a minute and then enter the market."

Also read: 13 insights for India real estate in 2013

Mumbai's loss is often seen as Pune's gain. With the average price being less than Rs 5,000 a square feet Jones Lang LaSalle is bullish on Pune as an investment option.

"We have locations like Wakad and Aundh towards western side and Hadapsar which are doing well. However, they are still yet to pick up pace on the overall level of development. So, prices may not move up very quickly", adds Sharma.

New Delhi's builder flats have also witnessed a slowdown. Builders in Defence Colony and Panchsheel Park have been finding it difficult to sell independent floors but still don't want to budge on prices.

These flats are being viewed as too expensive and buyers have a plethora of options in the suburbs of Gurgaon and Noida with bigger specks and plenty of amenities.

"In terms of investment activity the Dwarka Expressway is seeing a lot of launches and good traction. There was a lot of end-user activity in this part of Gurgaon. Now, price points have increased, projects are being offered with better specifications. So, investor activity is also happening here. However, there are situations where a project priced at Rs 6500 a square foot in the primary market from a developer an investor is willing to sell-off at around Rs 5500-5600 a square feet.

Bangalore has seen many launches off-late. Jones Lang LaSalle says prices as well as rents have increased marginally since April. It expects rents for residential properties to continue to head north.

Sharma says, "Hebbal Flyover, in a radius of 3-4 kilometers, there is a good amount of residential activity happening. There is the North-East quadrant which we talk about Bangalore and where most of the residential launches and sales are happening."

And in Chennai Old Mahabalipuram Road (OMR) continues to be the hotspot for new launches. However a few high-end launches in the City Centre, where there is little available land, have been witnessed.

Overall Chennai is a stable market with no major movement expected in prices.

"Prices are looking stable in Chennai and they are merging corridors. They will take a while and this is a slightly slower market with respect to overall sales. So, entering today or maybe three, four months down the line would not make much of a difference on pricing", adds Sharma.

Prices in Kolkata have remained steady. It is not easy to get a home in Central Kolkata as the concept of apartment complexes is still developing. All the action though seems to be at Eastern Metropolitan (EM) bypass and Rajarhat.

Sharma says, "EM Bypass has projects available at higher end segment. They can go as high as Rs 14,000-15,000 a square feet and prices at Rs 7,000-8,000. So, a larger part it is catering to the upper-mid to a slightly luxury segment kind of profile. Rajarhat is slightly on the lower side. It is more an affordable location. Prices are typically between Rs 3,000-5,000 a square feet."



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Here's what Atul Suri learnt from Rakesh Jhunjhunwala

Renowned trader Atul Suri focussed on the importance of sticking to fundamentals and knowing valuations before making investment decisions at CNBC-TV18's biggest investor initiative service -- Investor Camp. He shared his lessons on investment and trading learnt from Rakesh Jhunjhunwala; for whom he works with and trades for.

He also focused on sticking to the basics which becomes the thumb rule while investing. He cited the investment decision examples from Jhunjhunwala for whom he works with and trades for.

Also read: Golden ratings era ending for emerging markets

Suri said that he learnt that the important part of investment strategy was to live and work with the rules of investment and do adequate research before any such decision. "Using price to earnings (PE), discounted cash flow (DCF) are all semantics. The important part is the valuations", he added.

He called trading as a very momentum-based activity. On one evening, a trader might be bullish on the market and then sell of everything the next morning. That is the mind of the trader; an ability to turn on a dime based on price, he said. 

Speaking on portfolio management, he said that the common mistake done by everyone was to get confused with advices and speculations. He cited examples on how portfolios are influenced by rumours, insider information.

Once the price of such stocks comes down, then one goes back to valuations and basics and it (the stock) becomes a part of the long-term portfolio, he said. That keeps on adding to the portfolio and eventually ends up being one which is down 70-90 percent, he added.

Very few people really work that hard or are that oriented towards investment. Most people just try to play momentum based on what somebody has told you and it becomes a long term portfolio.



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Fed may continue QE if US economy fails to perform: Siegel

Written By Unknown on Sabtu, 22 Juni 2013 | 14.02

Even though there are good fundamental reasons for the stock market to be doing well, quite a few traders believe it is only because of quantitative easing. Now with the news that the easing might end by mid-2014, these traders will look to exit stocks, says Jeremy J Siegel, Professor-Finance, The Wharton School to CNBC-TV18. But it is over-reaction on the part of the markets as they believe that this policy will be pursued whether or not the economy strengthens, which is not the case. If the economy does not grow as per Fed expectations and inflations sets down to too lower levels, then the Fed will reverse the decision and continue with QE and may even increase it, he says.

Also Read: See 'clear & present danger' from QE tapering: Macquarie

Below is the edited transcript of Jeremy J Siegel's interview with CNBC-TV18

Q: What did you make of what the Fed had to say and what chairman Bernanke had to say a night ago?

A: I believe the reason the markets reacted so much is because there is a belief that the only reason the stocks have been going up is because of quantitative easing (QE). I think that is wrong. I think there are very good fundamental reasons why the stock market is going up. But when traders think it is only because of QE, with the news that easing might be ending, obviously it will cause those market traders to exit stocks. It is never easy when the Fed begins the tightening mode, even though this is a beginning stage. 1994 was another time, in February, the first tightening after many years gave the bond market a very hard time and the stock market was also unsettled.

Q: You believe there are fundamental reasons to why we have seen stocks going up, does that put you in the camp that thinks that the Fed has not overestimated the recovery in the economy because it has pushed up its prospects for the US economy for the second half as well as for next year?

A: I do think there will be an improvement, but one should also remember that Bernanke was very clear in his press conference that if the economy did not improve as the Fed expected or as inflation set down to too lower levels threatening deflation, the committee would reverse its decision and continue and may even increase QE, which is not a policy that is set in stone. It is evolving, according to the economic data. That is the reason I think the market has overreacted, they believe that this policy will be pursued whether or not the economy strengthens.



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Coal scam: CBI searches cupboards in Jindal's residence

Jun 22, 2013, 12.22 PM IST

During the searches conducted on June 11, CBI was unable to complete its operation at Jindal's 6-Prithviraj Road residence as some of the cupboards and almirahs were locked and they could only be unlocked by the MP who was out with his family at that time.

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Coal scam: CBI searches cupboards in Jindal's residence

During the searches conducted on June 11, CBI was unable to complete its operation at Jindal's 6-Prithviraj Road residence as some of the cupboards and almirahs were locked and they could only be unlocked by the MP who was out with his family at that time.

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Coal scam: CBI searches cupboards in Jindal's residence

During the searches conducted on June 11, CBI was unable to complete its operation at Jindal's 6-Prithviraj Road residence as some of the cupboards and almirahs were locked and they could only be unlocked by the MP who was out with his family at that time.

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CBI today opened cupboards of Congress MP Naveen Jindal, who returned last night from abroad, after he was asked to join its probe in the allocation of a coal block to his company Jindal Steel and Power Ltd .

During the searches conducted on June 11, CBI was unable to complete its operation at Jindal's 6-Prithviraj Road residence here as some of the cupboards and almirahs were locked and they could only be unlocked by the MP who was out with his family at that time.

CBI sources said that a search team went to his residence this morning and searched the cupboards and almirahs in the presence of Jindal, who has been named in its FIR along with former Minister of State for Coal D Narayan Rao for alleged cheating and graft. CBI had communicated to Jindal to join the probe as soon as possible since these cupboards and almirahs could be opened only after his arrival.

According to the FIR, JSPL and Gagan Sponge Iron Ltd, also a firm belonging to Jindal, had bagged Amarkonda Murgadangal coal block in Jharkhand in 2008 by alleged misrepresentation of facts when Rao was the Minister of State for Coal. Within a year, a block was allocated to JSPL in January 2008, CBI sources claimed, noting that shares of Rao's firm Saubhagya Media listed at Rs 28 that time were purchased by one of Jindal's firm- New Delhi Exim Ltd- at a whopping Rs 100 per share with total investment of nearly Rs 2.25 crore which is alleged to be illegal gratification.


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Middle class chase elusive dream of buying affordable homes

Rapid unplanned development and high real estate prices, triggered by a boom in migrant population, has left the middle class in this former French colony chasing an elusive dream of finding affordable homes.

With assured power and water supply, investors both from within Puducherry and abroad opt to invest in real estate. Those in the IT sector in bigger states also invest in immovable properties here.

The salaried class too are buying property with loans from banks though rental income for their investment is not sufficient, officials said. However, prospective buyers find no homes available for less than Rs 40 lakh in areas even outside the boulevard limits. Even those opting to go in for plots have to contend with smaller sites, down from 1800 square feet to 1200 sq ft.

Apartments have gained momentum recently in the city which once prided itself in having individual or separate homes.With rise in flow of migrants, demand for plots, houses or flats has increased manifold, the officer said. Green cover is fast becoming a thing of the past, with vast tracts of land on the Puducherry-Cuddalore stretch being converted to residential plots or houses.

Leading business concerns and jewellery shops have also set up business in the town. Old buildings have been converted into palatial premises housing jewellery shops, garment sales units, hospitals and other business activities.



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Allocations in emerging markets lowest since 2008

Written By Unknown on Jumat, 21 Juni 2013 | 14.03

Investor confidence in emerging markets is continuing to plummet, with a recent fund managers' survey showing that equity investment in the group of countries has fallen to its lowest level since December 2008.

The BofA Merrill Lynch Fund Manager Survey for June showed that about 9 percent of asset allocators were underweight emerging market equities - the first underweight reading since 2009 and down from a 3 percent overweight position in May.

"A net 25 percent of the global panel say that emerging markets is the region they would most like to underweight in the coming 12 months - the lowest ever reading," the BofA Merrill Lynch report said.

The bearish sentiment towards emerging markets is tied to investors' growing belief that a hard landing in China is now the greatest tail risk to global markets, according to the survey. About 31 percent of the regional fund managers said that China's economy will weaken in the next 12 months, compared with 8 percent in May.

"The biggest contrarian play in the market today is assets linked to China. The lows in emerging market equity and commodity allocations suggest the market has over-positioned itself for a shock from China," Michael Hartnett, chief investment strategist at BofA Merrill Lynch Global Research said.

Fears of a slowdown in the world's second largest economy has led several major banks and international agencies in the past month to downgrade their growth forecasts for China in 2013, with some even calling for gross domestic product (GDP) to dip below 7 percent in the second half of the year. China's official target for the year is 7.5 percent.

Emerging market equity funds, meanwhile, saw their largest outflow of the year with investors pulling USD 5.76 billion last week, according to data provider EPFR Global.

Stuart Oakley, managing director of Asian currency trading at Nomura said the emerging market sell-off has only just begun, and he expects the withdrawal of funds to accelerate when the Fed starts tapering on easing in September.

"There's still a huge amount of foreign money invested in emerging market assets and in emerging market currencies. It could come out eventually," Oakley told CNBC.

Where's the Money Going?

As investors pull out of emerging markets, European equities are becoming more attractive, according to the BofA Merrill survey, which showed 6 percent of fund managers overweight the region's stocks in June, a 14 percent swing from May when 8 percent were underweight.

"Equity allocations increased month-on-month across 13 of the 19 sectors assessed in Europe. The greatest positive swings came in telecoms, financial services, banks and chemicals," the survey said.

Optimism within the region rose the most in the month, with 45 percent of European respondents expecting the euro zone economy to strengthen in the next year, up from 24 percent in the previous month.

"Investors can now see a certain level of stability returning to Europe's economy and positioning for a recovery has started," said John Bilton, European investment strategist at BofA Merrill Lynch Global Research.

The FTSEurofirst 300, a measure of top European equities, has jumped over 17 percent in the last 12 months.

- By CNBC.com's Rajeshni Naidu-Ghelani; Follow her on Twitter @RajeshniNaidu

Copyright 2011 cnbc.com



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Global tech cos bullish on India business potential

Global technology companies are bullish on business prospects in India but want regulators to accelerate the process of approving their proposals for upgrading communication networks across the country, participants at an IT event here say.

Also read: Yahoo's Mayer shines spotlight on video

India would face telecommunication system stress, jamming of connections and strains on systems if it slows down any further upgrading of the entire network, said exhibitors at the CommunicAsia2013 IT exhibition being held from June 18-21.

India must make a switch to internet-based and high speed fibre cable systems from the current analogue, fixed phone lines and cable-based communication systems, said the exhibitors with proposals submitted to the regulators for the past two years.

The plans include the launch of India-dedicated satellite, very high speed digital subscriber line system and high-tech hardware such as voice over internet protocol (VoIP) equipment among others.

The companies are waiting from approvals of the plans and proposals from the Indian Space Research Organisation (ISRO), Department of Science and Technology and others.

"We have been waiting for approvals from these regulators for the past two years," said Pranav Roach, president of the Hughes Network Systems India, which plans to launch an India-dedicated communications satellite.

"We are entering Asia for the first time and plan to launch a satellite later this year, especially aiming to serve the Indian market," added Eyal Copitt, senior vice president of sales in Africa, Asia & Marketing at Spacecom.

"We are seeking landing rights from ISRO," he told PTI.  Landing rights allow network operators to use the satellite.

The Israel-based Spacecom was waiting for ISRO approval to launch its Amos-4 satellite. It is already among the communication satellite operators covering most of the developed markets.

Each satellite would cost USD 500 million, a massive investment, according to communication satellite companies.  

Hughes plans to launch its India-dedicated communication satellite from within the country, saving millions of dollars on investments and leasing of network links from satellite operators by international companies, said Roach.

Supporting the space investors were service providers and hardware manufacturers.

North Carolina-based Commscope Inc plans to ramp up production at its facility in Goa which manufactures high-end communication products for both India and global markets, said Navin Vohra, vice president of the wireless product sales in Asia and India.

Vohra said he expected strong demand for communication products as India upgrades its communication networks.  Technologists called on the government to make a quick decision on introduction of advance technologies or the Indian consumer would be frustrated by jammed networks and stressed systems.



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Over 1,100 roads, 94 bridges washed away in Uttarakhand

11:26 am: There has been massive destruction in Uttarakhand due to flash floods and landslides. Sources in the Uttarakhand government say close to 1,100 small and big roads in the state have been damaged and at places, roads have completely been washed away. Sources also say 94 bridges have been washed away and in Rudraprayag alone, 26 bridges have been washed away. Sources say it may take around 2 to 3 years to make completely recovery.

11:14 am: The Jammu and Kashmir government has announced a donation of Rs 1 crore to the Prime Minister's Relief Fund for the flood affected people of Uttarakhand and Himachal Pradesh.

11:11 am: Two Army Columns are being deployed at the Pindari Glacier to evacuate 30 to 35 stranded people. The Army is planning drop food and evacuate stranded people by helicopters. 45 more paratroopers have taken off from Jolly Grant to Gaucher. They will further be inducted to Gaurikund.
10:52 am: Finance Minister P Chidambaram and Information and Broadcasting Minister Manish Tewari will brief the media on the Uttarakhand rescue operations at 12:30 pm today.

Also read: Uttarakhand floods: Badrinath a challenge for rescue teams

10:10 am: The angry relatives of those who have been missing have blocked roads in Dehradun. They are agitating saying they are getting no information whatsoever on any missing persons and are getting no help from the government.

9:51 am: The Chamoli District Magistrate, SA Murugesan, has told CNN-IBN that it will take at least five to six days to rescue people from Badrinath. He said over 5,000 people are still trapped in Badrinath.

9:33 am: The ITBP has said that all the survivors have been evacuated from the Kedarnath temple site. Meanwhile, NDRF teams have reached Rambara near Kedarnath, where they have recovered 17 bodies. The NDRF teams have rescued 885 people till now from Rambara and are planning to rescue another 500 to 1,000 people on Friday. From Hemkund Sahib too, 340 people have been rescued.

It is day 4 of rescue operations dawning in Uttarakhand, where thousands still remain missing and unaccounted for, a week after the early monsoon resulted in flash floods and landslides. The death toll across the state has risen to 150, though the fear is that this number could rise very quickly.

So far 33,000 people have been rescued, but over 35,000 are still stranded across the state. Helicopter sorties through the day on Thursday were carrying people to safety. The Army, ITBP, Air Force, Natural Disaster Response Force teams and individuals have been working round the clock.

The critical stretch has been between Kedarnath and Guptkashi, but now the big challenge has moved to between Ram Bara and Gaurikund. Evacuations are expected to continue for another week, while air operations will continue for three more days. The Sonprayag-Rudraprayag and the Uttarkashi-Rishikesh roads have now opened.

The extent of damage around the Kedarnath temple has been huge. The number of people who have died in Kedarnath is not yet clear.

After completing evacuation in Kedarnath, the Army's next big challenge is going to be Badrinath, where over 7,000 people are still trapped. A major portion of the 28 km long road leading to the temple town has been washed away.

Uttarakhand government sources say over 3,000 people are still trapped near Ghangaria, a village on the way to Hemkund Sahib. So far, only four helicopters are operating in the area for rescue operations.

Survivors recount horror

The most critical, the old, the infirm are being airlifted to Dehradun when needed, being provided medical treatment. The armed forces continue to drop food and medical packets. But even after the rescue itself, there are huge concerns when it comes to survival.

Separated from his loved ones, hungry for three days and left penniless, Kailash doesn't know if he and his family will ever reach the safety of their home in Jodhpur. "We don't have a penny, how will we reach home," he said.

Kailash, his wife and his four-year-old son were airlifted from Kedarnath and brought to the district hospital in Rudraprayag with the other injured pilgrims. He got emotional as he remembered the horror in Kedarnath. "We had to walk over dead bodies. Nothing is left there, everything is finished. We can't even find our relatives," Kailash said.

Others like Ram Singh and Mangu Singh are the only surviving members of their group of 30 from Ujjain. They are injured badly but glad that they have survived. Their troubles have not ended just there. They've been rescued but left with no care and devoid of even food and water. They said they are not being given food and medical care.

It remains to be seen whether the authorities will finally act and provide these people with the necessary care.

At the Jolly Grant hospital in Dehradun, those rescued are hoping against hope that their loved ones are safe. 100 beds have been kept at the emergency ward. As of now around 21 patients are admitted, ten have been discharged, with more patients arriving.

"We remained hungry for four days. We were very worried. Nobody helped. We were helping each other out but there wasn't any help from the government. Today we got some help and protection. Our children died there out of hunger," said a rescued survivor.

Relatives search for their loved ones

Huge logistical challenges remain for the rescue teams. Many people are worried about their loved ones saying they can't get through the helpline numbers.

To help the many families and friends who have been separated in the Uttarakhand floods, Google has launched its 'Person Finder' App - under the name 2013 Uttarakhand Floods. It has already helped locate over 150 people. The App helps offer information on those missing - whether you have information to share on those missing, or you're looking for someone, you can log on to that page and post.

This is an App that was used in the recent Boston Marathon Bombing. It was initially created in in 2010 in response to the earthquake in Haiti.

You can also send us pictures and names of your loved ones who are missing. Just go to www.ibnlive.com/uttarakhandmissing

Helpline numbers:

Uttarkashi: 01374-226126, 226161

Chamoli: 01372-251437

Tehri: 01376-233433

Rudraprayag: 01732-1077

The ITBP helpline and control room numbers: 011-24362892, 9968383478

Army medical emergency helpline numbers: 18001805558, 18004190282, 8009833388

Uttarakhand Helpline numbers: 0135-2710334, 2710335, 2710233



14.03 | 0 komentar | Read More

Trading strategies for bullion, copper natural gas

Written By Unknown on Rabu, 19 Juni 2013 | 14.02

Jun 19, 2013, 11.52 AM IST

Sugandha Sachdeva of Religare Commodities recommends selling gold on MCX. "Maintain a stop loss for this trade at Rs 28,350 per 10gm for a target of Rs 27,600 per 10gm", Shah adds.

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Trading strategies for bullion, copper & natural gas

Sugandha Sachdeva of Religare Commodities recommends selling gold on MCX. "Maintain a stop loss for this trade at Rs 28,350 per 10gm for a target of Rs 27,600 per 10gm", Shah adds.

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Trading strategies for bullion, copper & natural gas

Sugandha Sachdeva of Religare Commodities recommends selling gold on MCX. "Maintain a stop loss for this trade at Rs 28,350 per 10gm for a target of Rs 27,600 per 10gm", Shah adds.

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Renisha Chainani of Edelweiss advises selling MCX copper with a stop loss of Rs 415 per kilogram for a target of Rs 408 per kilogram.

Sugandha Sachdeva of Religare Commodities recommends selling gold on MCX. "Maintain a stop loss for this trade at Rs 28,350 per 10gm for a target of Rs 27,600 per 10gm", Shah adds.

Sumeet Bagadia of Destimoney Commodities advocates buying MCX natural gas. Bagadia says, "Keep a stop loss for this trade at Rs 224 per kilogram for a target of Rs 232-237 per kilogram".

Dharmesh Bhatia of Kotak Commodities suggests buying MCX silver . Place a stop loss for this trade at Rs 43,500 per kilogram for a target of Rs 44,350 per kilogram.


Tags: Renisha Chainani, Edelweiss, copper, Sugandha Sachdeva, Religare Commodities, gold, Sumeet Bagadia, Destimoney Commodities, natural gas, Dharmesh Bhatia, Kotak Commodities, silver

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Buy Bharat Electronics; target Rs 1422: Firstcall Research

Firstcall Research report on Bharat Electronics (BEL)

"Bharat Electronics' (BEL) net profit jumps to Rs.5926.98 million against Rs.3338.42 million in the corresponding quarter ending of previous year, an increase of 77.54%. Revenue for the quarter rose 20.93% to Rs.27781.14 million from Rs.22972.38 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.74.09 a share during the quarter, registering 77.54% increase over previous year period. Profit before interest, depreciation and tax is Rs.7656.48 millions as against Rs.4693.46 millions in the corresponding period of the previous year."

"Outlook and Conclusion: At the current market price of Rs.1293.00, the stock P/E ratio is at 11.05 x FY14E and 10.32 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs.117.01 and Rs.125.31 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 7% and 7% over 2012 to 2015E respectively. On the basis of EV/EBITDA, the stock trades at 3.60 x for FY14E and 3.17 x for FY15E. Price to Book Value of the stock is expected to be at 1.43 x and 1.25 x respectively for FY14E and FY15E. We recommend 'BUY' in this particular scrip with a target price of Rs 1422 for Medium to Long term investment," says Firstcall Research report.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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Buy Indian rupee for target of 59.50: Way2Wealth

Way2Wealth's report on currencies -

USDINR: 58.8725
The pair has formed a bullish island reversal pattern on its daily charts. The support is pegged at 59.05 levels i.e. the lower end of the gap area. Now, with this kind of a reversal pattern it seems that the previous swing high of 59.1350 will be taken off and above that 59.50 is quite likely. On the hourly charts too, the recent rise appears to be a five wave rise, hence any dips towards 58.60 should be utilized to create longs only for the above mentioned targets with a stop of 58.30

EURINR: 78.71
This pair has provided a breakout from the channel which was formed in its A-B-C pullback. This confirms wave V up of wave 3 which has a minimum target of 78.85 and above that 80.40. The crucial support on the lower end is pegged at around 78.10 and till it is trading above that we continue to maintain our bias up.

JPYINR: 61.6975
This pair bounce back in the hourly charts appears to be an A-B-C bounce back. This means that the short term bounce back is corrective in nature. Hence, one can sell on rise as wave C down target is pending.


Currency


Action


Entry


Target


Stop Loss


USDINR


Buy


Near 58.60


59.5


58.3


EURINR


Buy


Near 78.50


80


78.2


JPYINR


Sell


Near 62


61/60.50


62.3


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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