tag:blogger.com,1999:blog-64186103214046007702024-03-13T12:41:12.547+05:30dailyfnodata NewsThe news blog of dailyfnodataRajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-6418610321404600770.post-64171472290965276272013-04-17T20:36:00.002+05:302013-04-17T21:03:50.084+05:30Nifty faces resistance at 5730<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2f4abXdwMqctF_sg5TxRT6YieJzt4hKoxXXdZVsJW9Klq1sWDiP7y9rJA2jkxfW52ovPclJuv4AKkRmxxQVkoptAt6NB-i7qvTb2e7zh0q_W5rSvpIu60BqNwEA-w3jtoXf4BSW7wsl6G/s1600/nifty.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="235" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2f4abXdwMqctF_sg5TxRT6YieJzt4hKoxXXdZVsJW9Klq1sWDiP7y9rJA2jkxfW52ovPclJuv4AKkRmxxQVkoptAt6NB-i7qvTb2e7zh0q_W5rSvpIu60BqNwEA-w3jtoXf4BSW7wsl6G/s320/nifty.png" width="320" /></a>Nifty faces a resistance at 5730 during the trade today. After a good rally during the last two days which has added around 200 points to Nifty seems fizzling today. After a small gap up at 5780.65, Nifty moved higher and it was expected that Nifty will face a resistance around 5740 or 5750 which is supposed to be the immediate resistance. But before that the Nifty faces a resistance below these levels and made a high of 5732.15 in early trade. After the high of 5732.15, Nifty tries 2-3 times during the day to cross this level and try to meet 5740 but it is sold out below that levels. Nifty made a lower highs during the day which is a weak signals. Considering the weakness, <a href="http://www.dailyfnodata.com/tips.html" target="_blank">we had also given a sell call in Nifty at 5720 with a target of 5680</a>. Immediate after our call the Nifty slide and touched a low of 5669 which was much lower to our expectation, which again shows a weakness in the market. We had given the call around 12:50.<br />
After making a low, Nifty showed a recovery and managed to go up to 5725 again but again fell to close flat at 5688.70. Sensex also closed in red.<br />
Today Midcap stocks showed some buying and Midcap closed in green. In view of the chart analysis, it can be said that tomorrow Nifty can slide further and find a new base where from it can bounce back. We had already made a strong support of 5500. But this is too deep. So if Nifty wants to go further up, it has to make another base which should be any levels around to 5600 or 5650.<br />
Traders are advised not to take any long positions in any stock till Nifty gives another sign of going up. This is advised because the global markets are now coming to correction and many hedge funds in US and Europe had suffered heavy losses in Gold bets! The effect of Gold turmoil can be seen in the next few trading sessions and how serious is the effect, no body can say except the time!<br />
Tomorrow's strategy should be to avoid long positions in Nifty. Short Nifty if it trades below 5670 with a target of 5610 which is the support in our view.<br />
As per the <a href="http://www.dailyfnodata.com/subscription.html" target="_blank">data sheets</a>, today is a long list of stocks where long unwinding has taken place.</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-30962958526723925952013-04-01T11:12:00.002+05:302013-04-01T11:12:59.750+05:30JP Associates<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoykjGobRMlIXQF7gVHSdPPTJTOhPQRDx7KY_IcVTzH5bvbkkb6Ci_5-FhvtmF-DHcPdRv2p4H7QCR6WfNnT5Mj0oDV7yJ3KIqRM2vzHcYtR3gafkwIxf1rP3eTYP7EYjst59pSsVMX75l/s1600/JPASSOCIAT.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoykjGobRMlIXQF7gVHSdPPTJTOhPQRDx7KY_IcVTzH5bvbkkb6Ci_5-FhvtmF-DHcPdRv2p4H7QCR6WfNnT5Mj0oDV7yJ3KIqRM2vzHcYtR3gafkwIxf1rP3eTYP7EYjst59pSsVMX75l/s200/JPASSOCIAT.png" width="200" /></a>JP Associate is trading at 67.20 (at 11.08 AM) now. The stock has opened at 65.70 in the morning in NSE and traded strongly with good volume. The stock is trading firmly with the top 5 gainers of the NSE. The stock can go upto 75 in April. The resistance of the stock is at 69. Once this is crossed, the next resistance would be 72 & 75.<br />
On 28th March, the stock closed at 65.45 with a gain on intraday basis.<br />
This stock has became strong if seen for last two trading sessions. One can expect a good upside in this stock.<br />
<br /></div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-60231238855655524232013-04-01T10:33:00.001+05:302013-04-01T10:33:50.427+05:30Online Gadgets News: Mobiles<a href="http://onlinegadgetsnews.blogspot.com/p/mobiles.html?spref=bl">Online Gadgets News: Mobiles</a>: 'Facebook phone' may ring true April 4 As per PTI, Facebook may launch its own mobile phone after the leading social net...Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-47579739564087620722013-04-01T10:12:00.002+05:302013-04-01T10:12:40.141+05:30China's Manufacturing data shows good indications<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">China’s manufacturing expended at a
faster pace last month, indicating a recovery in the world’s second-largest
economy is sustaining momentum. (As per Bloomberg report)</span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Purchasing Managers’ Index was
50.9, the National Bureau of Statistics and China Federation of Logistics and
Purchasing said today in Beijing, an 11-month high and up from 50.1 in
February. A separate gauge from HSBC Holdings Plc and Markit Economics rose to
51.6 in </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">A pickup in manufacturing will help
the new government under Premier Li Keqiang sustain a rebound after factory
output had the weakest January-February growth since 2009 and Goldman Sachs
Group Inc. questioned the strength of exports. Faster expansion may also fuel
inflation, spurring tighter monetary policy from the central bank. </span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">“We are clearly in a lot better
state than we were at the end of last year,” Alistair Thornton, a Beijing-based
economist at researcher IHS Inc., said in a Bloomberg Television interview,
terming the momentum “modest.” At the same time, the economy faces “fairly
large headwinds” including property curbs and tighter supervision of so-called
shadow banking, he said. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The surveys compare with a quarterly
report showing confidence among big Japanese manufacturers improved by less
than economists estimated. Another HSBC survey showed South Korea’s
manufacturing expanded at a faster pace in March. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">China’s largest cities, including
Beijing and Shanghai, tightened rules on home purchases, effective yesterday,
after the central government called for stepped-up efforts to cool the property
market. The nation’s banking regulator told lenders last week to limit
investments of client funds in debt that isn’t publicly traded and to isolate
such risks from their operations. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Economic growth may have accelerated
for a second quarter to 8.1 percent in the first three months of this year,
according to the median estimate in a Bloomberg News survey last month. </span></div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-75621146781970091542013-04-01T08:16:00.001+05:302013-04-01T08:16:43.876+05:30dailyfnodata News: Market may open lower<a href="http://dailyfnodatanews.blogspot.com/2013/04/market-may-open-lower.html?spref=bl">dailyfnodata News: Market may open lower</a>: After a long holidays, the Indian markets are opening today. The market has to begin a new April series today. It is expected to see some ...Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-63657542784720462222013-04-01T08:11:00.001+05:302013-04-01T08:12:33.108+05:30Market may open lower<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
After a long holidays, the Indian markets are opening today. The market has to begin a new April series today. It is expected to see some good upside in this series as this will be the month of companies' results. Since the companies are doing well in their performance as observed in last 2 quarters, this result will also be good as compared to the previous results.</div>
<div style="text-align: justify;">
But since the market was down in March and the market capitalization is lost around 30-35% due to the bearish sentiment, this type of bearishness would continue, atleast for some days in this week.</div>
<div style="text-align: justify;">
Today the Asian markets are down, it is expected that the Indian markets will open gap down. Some nervousness from political front will also add the negative sentiments till the political picture is clear.</div>
<div style="text-align: justify;">
Traders are expected to watch the market careful and trade accordingly. Some midcap stocks will start picking momentum, especially consumer goods segments as this sector do good when the market sentiment is nervous.</div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-21309785400983083142013-03-29T16:58:00.001+05:302013-03-29T16:58:48.269+05:3010% price limits for Essar Oil, Suzlon, Educomp & Core Edu<div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
BSE and NSE have put a price band of 10 per cent on share movements of four
firms – Essar Oil, Suzlon Energy, Educomp and CORE Education – as part of
preventive surveillance measures. <br />
The price band will be applicable for trading in the four stocks with effect
from April 2. The decision to limit any upward or downward movement in their
share prices to a maximum of 10 per cent has been taken by the the stock
exchanges in consultation with market regulator Sebi. <br />
In separate notices, NSE and BSE said that a fixed price band of 10 per cent
on these four stocks is being imposed as part of a "preventive
surveillance measure and to ensure market safety and safeguard the interest of
the investors". <br />
The decision was taken in consultation with market regulator Securities and
Exchange Board (Sebi), and the action will be reviewed periodically, they
added. <br />
With an aim to prevent any systemic risks arising out of erroneous trades or
stock manipulations, the market regulator Sebi late last year asked the stock
exchanges to put in place a system for 'dynamic price bands'. <br />
These dynamic price bands, which are generally referred to as dummy filters
or operating range, prevent acceptance of orders for execution that are placed
beyond the price limits set by the stock exchanges. <br />
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Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-46951276211626888622013-03-20T08:34:00.001+05:302013-03-20T08:34:17.448+05:30dailyfnodata News: Market may recover as Cyprus has rejected the new ...<a href="http://dailyfnodatanews.blogspot.com/2013/03/market-may-recover-as-cyprus-has.html?spref=bl">dailyfnodata News: Market may recover as Cyprus has rejected the new ...</a>: Market may recover as Cyprus has rejected the new proposed tax Today one can expect a good move in Nifty and Sensex after a good sell of...Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-26696703480855281712013-03-20T08:33:00.002+05:302013-03-20T08:33:25.992+05:30Market may recover as Cyprus has rejected the new proposed tax<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: left;">
Market may recover as Cyprus has rejected the new proposed tax</h3>
<div style="text-align: justify;">
Today one can expect a good move in Nifty and Sensex after a good sell of on Tuesday. The whole day there were a lot of activities on political front and the outcome is clear that the Government has no fear of stability and Mulayam's Samajwadi party has come up to save the UPA Government. Also the Cyprus problem is also seemed to be resolved partly. The parliament of Cyprus has rejected the new proposed tax on bank deposit. </div>
<div style="text-align: justify;">
These were the two important events which dragged the market in last two days and the market has come to a point where it should be bought and earlier the markets has seen a good recovery in these levels. So again the market is ready to a good pull back and short covering can take the Nifty to 5800 levels soon. Once 5800 is reached, and how the things are, the next move of Nifty will be decided.</div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-49466619832332679702013-03-20T08:24:00.001+05:302013-03-20T08:24:09.055+05:30Nifty Analysis (19.03.2013)<a href="http://dailyfnodatanews.blogspot.com/p/nifty-analysis.html?spref=bl">dailyfnodata News: Nifty Analysis</a>: Nifty Analysis (19.03.2013) Nifty opened at 5859.50 a gap up of 24.70 points on 19.03.2013. Nifty opened up as the Asian stocks were ...Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-82093770968036820662013-03-19T08:34:00.003+05:302013-03-19T08:34:52.964+05:30Asian stocks moved higher on Tuesday<div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
<h3 class="MsoNormal" style="line-height: normal; text-align: left;">
<b><span style="font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Asian stocks moved higher on Tuesday</span></span></b></h3>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Asia stocks moved higher Tuesday to
take back some losses made the previous day, when investors reacted to news
that a bailout for Cyprus would include a tax on bank deposits. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Japan’s Nikkei Stock Average rose
2%, South Korea’s Kospi advanced 0.6%, and Australia’s S&P/ASX 200 index <span style="mso-spacerun: yes;"> </span>rose 0.5%. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Hong Kong’s Hang Seng Index also
ticked up 0.5%, while the Shanghai Composite index advanced 0.3%. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Monday’s market action saw U.S.
stocks fall but then creep back to end well off session lows. Earlier in the
global day, Asian investors had suffered deep losses on news that Cyprus
planned a one-off tax on bank deposits as part of a 10 billion euro ($12.9
billion) bailout deal, agreed with international creditors. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">“Markets look a bit calmer as the
panic following the news of levy of bank deposits in Cyprus as part of a €10
billion bailout for the country, eased,” Crédit Agricole’s Asia head of global
market research Mitul Kotecha said of Tuesday’s early stock action. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">“There’s no sign of bank runs
elsewhere in the euro zone, and the go-ahead to make the deposit levy more
progressive while maintaining the total amount at around €5.8 billion has
helped to calm tensions,” said Kotecha. </span></div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.comtag:blogger.com,1999:blog-6418610321404600770.post-89524588799733416612013-03-19T08:25:00.001+05:302013-03-19T08:25:11.391+05:30dailyfnodata News: Nifty Analysis<a href="http://dailyfnodatanews.blogspot.com/p/nifty-analysis.html?spref=bl">dailyfnodata News: Nifty Analysis</a>: Nifty Analysis (18.03.2013) Nifty opened at 5816.75 a gap down of 55.85 points on 18.03.2013. Nifty was down because of global cues were...Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-6945429240904417432013-03-18T09:43:00.000+05:302013-03-18T09:43:00.770+05:30India a good destiny for Intestment - E&Y<div dir="ltr" style="text-align: left;" trbidi="on">
<b class="dropc">F</b>avourable demographics and growth opportunities
keep India an "attractive" destination for merger and acquisition
activities across diverse sectors including consumer goods and
pharmaceuticals, according to global consultancy Ernst & Young.<br />
<br />
"Catering to a growing, expanding and spending population is what every
organisation wants to do. So there is a lot of interest from outside
India to come inbound," E&Y Global Vice Chair (Transaction Advisory
Services) Phillipa McCrostie told PTI in an interview.<br />
<br />
"I don't think India's growth is based on one factor or bubble that has
evaporated and gone away. It is exciting time in India for M&A
growth," she said.<br />
<br />
Full text can be read at http://j.mp/Zl0fog</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.comtag:blogger.com,1999:blog-6418610321404600770.post-60448078418136129142013-03-18T08:38:00.000+05:302013-03-18T09:15:41.606+05:30DLF & RCOM losers in market cap<div dir="ltr" style="text-align: left;" trbidi="on">
MUMBAI: India's largest real estate firm DLF and companies belonging to the Reliance Group led by Reliance Communications (RCOM) topped a list of local firms whose market value has eroded the
most over the last five years in a sharp slide from of the peak of 2008.
And the reason? Over-leveraging, changes in government policies,
aggressive overseas acquisitions and governance issues.</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.comtag:blogger.com,1999:blog-6418610321404600770.post-31715711223921195132013-03-18T08:35:00.001+05:302013-03-18T08:35:17.547+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
Jindal Steel and Power Ltd (JSPL) is going
ahead with the Rs 30,000-crore, 6-million-tonne steel and power project
at Angul in Odisha despite not having access to iron ore mines.
<br />
<div align="left" class="story">
The Naveen Jindal
company will complete setting up a 1.8-million-tonne (mt) capacity in
the first phase in the next 3-4 months. Orders to build the next phase
of 4mt capacity are also in place.</div>
<div align="left" class="story">
“We do not want to
commit investment unless absolutely sure about mines in our steel and
power projects. However, in Odisha, it is not the case,” Ravi Uppal,
managing director of JSPL, said.</div>
<div align="left" class="story">
<br /></div>
<div align="left" class="story">
<a href="http://dailyfno.5gbfree.com/JINDALSTEL.png" target="_blank">Click here to see the EOD Chart of Jindal Steel and Power Ltd.</a> </div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.comtag:blogger.com,1999:blog-6418610321404600770.post-49567424908430537222013-03-18T01:32:00.000+05:302013-03-18T01:32:01.000+05:30Hero Motocorp gears for International foray<div dir="ltr" style="text-align: left;" trbidi="on">
To grow its overseas presence Hero MotoCorp managing director and chief
executive officer Pawan Munjal has said that upon gaining the requisite
volumes the company would set up assembly plants in Kenya, Nigeria,
Columbia and Bangladesh. “I am looking at setting up hubs to grow
footprint globally. The company is looking at setting up assembly bases
in Kenya, Nigeria, Columbia and Brazil over time to meet demand in
Africa and Latin America," Munjal had said.<br />
<br />
Bajaj Auto with exports of 1.2 million units till February this fiscal is the largest exporter of two-wheelers from India.<br />
<br />
<a href="http://dailyfno.5gbfree.com/HEROMOTOCO.png" target="_blank">Click here for Daily Chart of Hero Motocorp</a> </div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-47193293286671299362013-03-18T01:20:00.001+05:302013-03-18T01:20:37.263+05:30Maruti Suzuki suspened production on Saturday<div dir="ltr" style="text-align: left;" trbidi="on">
Auto major Maruti Suzuki has decided to suspend production of cars at
its Gurgaon and Manesar plants on Saturday, a company spokesperson
said.<br />
Amid declining sales, Maruti Suzuki India Ltd. (MSIL) has stopped production on Saturday to keep on hold production of petrol and diesel cars in all five
units of its Gurgaon and Manesar plants for a day.<br />
On March 8 too, MSIL suspended production of petrol cars at three units of the Gurgaon plant.<br />
"To
manage the stock, we have decided to suspend production of cars at
Gurgaon and Manesar plants for a day. In future too, according to market
demands, we may hold production," the company spokesperson said on
Friday.<br />
<br />
<a href="http://dailyfno.5gbfree.com/MARUTI.png" target="_blank">Click here to see daily chart of Maruti Suzuki</a> </div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-54539339431915789332013-03-18T01:11:00.002+05:302013-03-18T01:11:12.501+05:30CLSA upgrades Sun Pharma<div dir="ltr" style="text-align: left;" trbidi="on">
CLSA has upgraded Sun Pharma from hold to Buy. The brokerage has also raised the price target from Rs 855 earlier
to Rs 990. It also expects the business to see ramp up on URL, Taro and niche launches.<br />
CLSA has raised FY14/15 earnings forecast by 12-18 per cent on improved US market prospects. The brokerage firm expects 19.6 per cent core earnings growth over FY13-15.<br />
<br />
<a href="http://dailyfno.5gbfree.com/SUNPHARMA.png" target="_blank">Click here to see daily chart</a></div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-45819449206313430482013-03-17T21:39:00.000+05:302013-03-17T22:51:06.152+05:30An Important meeting for Hajigak block on <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="color: #444444;">The Hajigak blocks are estimated to have reserves of around 1.28 billion tonnes of high-grade magnetite ore.</span><br />
<span style="color: blue;"><span style="color: #444444;">SAIL would be the major beneficiary if it is done. The meeting is to be held on 20th March, 2013.</span><b><br /></b></span></div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-42357940539425550512013-03-17T21:30:00.000+05:302013-03-17T21:30:15.910+05:30Reliance Communications upgraded capacity<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="mod-economictimesarticletext mod-articletext" id="mod-a-body-first-para">
NEW DELHI: Reliance Globalcom, an arm of Reliance Communications, has upgraded the capacity of its undersea cable system that will address the growing global bandwidth demand for cloud computing, video and other high-bandwidth services.<br />
The company has upgraded its Trans-Atlantic
FA-1 South submarine network with Ciena Corporation's GeoMesh solution,
which will serve New York to Paris trans-Atlantic corridor.</div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-90443191142064003272013-03-16T21:49:00.000+05:302013-03-16T21:49:28.808+05:30FDI Investment in Telecom, Information & Broadcasting<div dir="ltr" style="text-align: left;" trbidi="on">
A total of Rs. 29,209.78 crores and Rs. 8,654.06 crores have been
invested through Foreign Direct Investment (FDI) equity between 2009-12
in telecommunications and information & broadcasting sectors
according to a report released by the government of India. Rs 386.55 crores was invested as FDI between April – December 2012 as
compared to Rs. 9,011.53 crores between 2011-12 and Rs. 7,542.04 crores
invested between 2010-11 according to the report. It is worth noting
that in February 2012, the government wanted the 100% cap on FDI in
telecom tower companies to be cut to 74% in par with other telecom
services. Rs 1,162.26 crores was invested as FDI in the information &
broadcasting sector between April-December 2012 as compared to
Rs. 3,264.09 between 2011-2012 and Rs. 1,887.17 between 2010-11.<br />
<br /></div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-65493413309871297962013-03-16T21:45:00.000+05:302013-03-16T21:45:11.536+05:30Panel to resolve FDI-FII issue<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="body">
The first meeting of the Government constituted committee to clear the
prevailing ambiguity on FDI and FII has been convened on March 19.
</div>
<div class="body">
The four-member panel headed by Economic Affairs Secretary Arvind
Mayaram will meet here to discuss how the Budget announcement on this
issue can be taken forward and implemented.
</div>
<div class="body">
The panel report is expected in the next 2-3 months. </div>
<div class="body">
Finance Minister P. Chidambaram had in Budget 2013-14 announced the
Government’s intent to follow international practice in deciding what
constitutes foreign direct investment and what constitutes foreign
institutional investment.
</div>
<div class="body">
The Government proposes to lay down a broad principle that where an
investor has a stake of 10 per cent or less in a company, it will be
treated as FII. </div>
<div class="body">
In cases where the investors have a stake of more than 10 per cent, it will be treated as FDI.
</div>
<div class="body">
Besides Mayaram, the four-member panel comprises Department for
Industrial Policy and Promotion Secretary, a Reserve Bank of India
Deputy Governor and a SEBI whole-time member.
</div>
</div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-36006381185037951422013-03-16T21:37:00.001+05:302013-03-16T21:37:08.819+05:30Gujarat industrial players get relief from green cess<div dir="ltr" style="text-align: left;" trbidi="on">
As per the news published in Business Starndard, Major industrial players from the state have got relief from the Gujarat
High Court which has held that the Green Cess Act, 2011, enacted to
generate funds to promote clean energy, was unconstitutional and
declared it as void.<br />
<br />
In a recent decision a division bench of chief justice Bhaskar
Bhattacharya and justice J B Pardiwala also issued direction to the
state government to refund the cess already collected from the
industrial units preferably within four months from the date of receipt
of court order copy with simple interest of 8 per cent.<br />
<br />
The Act came into force from 2011-12, where by the government aimed to
generate funds to promote clean energy by introducing a Green Cess on
every unit of conventional electricity generated in Gujarat.<br />
<br />
Under the Gujarat Green Cess Act, 2011, Green Cess not exceeding twenty
paise per unit was levyed on generation of electricity other than
renewable energy for creation of a, fund (Green Envergy Fund) for
protecting environment and promoting the generation of electricity
through renewable sources in the state of Gujarat.<br />
<br />
This would also include electricity generated by captive power plants of companies.<br />
<br />
Major industrial players of the state had filed petitions in the High
Court last year challenging the constitutional validity of the
government's move of collecting cess on every unit of electricity
generated in the state.<br />
<br />
The companies who had challenged the provisions of the act included,
Essar Power, Nirma Ltd, Reliance Industries, Tata Chemicals Ltd, Arvind
Ltd, Phillips Carbon Black Ltd and United Phosphorpus Ltd.<br />
<br />
The industrial players had contended that the Act provides for levy and
collection of cess on generation of electricity, which is exclusively
the Union subject contained in Entry 84 to List I of Seventh Schedule.
The state government therefore has no competence to enact any law
pertaining to such subject, they further claimed.<br />
<br />
The companies relied upon 2004 judgement in the Supreme Court case of M P
Cement Manufacturers' Association vs State of Madhya Pradesh, wherein
it was held that a State was not competent to levy cess as the
Parliament had exclusive legislative competence in this respect by
virtue of Entry 84 in List I of Schedule 7 of the Constitution of India.
It was also held by the court that electricity was "goods" and that the
State would have competence to levy tax on the sale and consumption of
electricity but could not levy cess on the production of electricity.<br />
<br />
The government on its part argued that what is being charged under the
act is a fee and not a tax. It further claimed that such cess is
collected not for generation of electricity but is merely computed in
terms of generation of electricity.<br />
<br />
It also justified its competency in levying such cess on the companies.<br />
<br />
After hearing the petitioner companies and the respondent state
government the judges concluded "the State Act ultra vires the
Constitution and the same is therefore, declared void. Resultantly, the
Cess levied under the State Act would also stand vitiated."<br />
<br />
See <a href="http://www.dailyfnodata.com/arvind.html" target="_blank">Live Chart of Arvind</a> See <a href="http://www.dailyfnodata.com/arvind-eod.html" target="_blank">EOD Analysis of Arvind</a></div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-27821276491198535362013-03-16T21:12:00.003+05:302013-03-18T01:04:05.872+05:30Apollo introduces new Steer Axle tyre ‘XMR’ for commercial vehicles<div dir="ltr" style="text-align: left;" trbidi="on">Apollo has introduced a new Steer Axle tyre ‘XMR’ in cross ply construction, which is designed for superior mileage and structural durability to deliver best cost of ownership in terms of ‘Total Mileage’; and the total mileage is derived from Initial Tread Mileage (ITM) and Retreaded Tyre Mileage (RTM).<br />
Every step in the creation of the ‘XMR’ is new with highest levels of precision, from the way it was prototyped, manufactured and validated in indoor and outdoor. Tread rib pattern and groove were designed and optimised using ‘thermography’ techniques for the tyre to remain cooler while running and thus extend casing life for multiple retreads. Design considerations were also given for uniform ‘foot pressure distribution’ and to nullify ‘hot spot’ on the ‘tread rib’ & ‘rib groove’ to benefit uniform wear & part worn appearance which are important parameters to decide on timely removal for retreading.<br />
<br />
The steer position is the most critical on any HCV and the tyre used on its steer axle position demands highest design precision and manufacturing controls. The service demand from steer tyre is growing exponentially due to developments in vehicle technology and infrastructure improvements compounded by radialisation in drive tyres.<br />
<br />
See <a href="http://www.dailyfnodata.com/apollotyre.html" target="_blank">Live Chart of Apollo Tyres.</a> See <a href="http://www.dailyfnodata.com/apollotyre-eod.html" target="_blank">EOD Analysis of Apollo Tyres </a></div>Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0tag:blogger.com,1999:blog-6418610321404600770.post-66380495182634939692013-03-16T21:06:00.000+05:302013-03-16T21:06:52.477+05:30Andhra Bank, SBH to focus on SMEs<div dir="ltr" style="text-align: left;" trbidi="on">
Andhra Bank and State Bank of Hyderabad (SBH), the two
Hyderabad-headquartered public sector lenders, have promised to provide
timely and adequate credit to small and medium enterprises (SMEs) at a
bankers conclave held here on Saturday.<br />
<br />
SBH has gone a step ahead and declared 2003-14 as the SME year and
offered to bring down interest rates to the small businesses. "We will
target 60 per cent growth in the SME portfolio next year," said M
Bhagavantha Rao, managing director of SBH, while addressing the seminar.<br />
<br />
The bank has already brought down the interest rates to SMEs under seven
sectors to 11.75 per cent, he said while stating that the management is
considering similar relief to more sectors in this bracket.<br />
<br />
Andhra Bank chairman and managing director BA Prabhakar said the bank's
SME lending this year is expected to post a 25 per cent growth and the
sector would continue to be a priority area in the future as well.<br />
<br />
"We are pushing more credit to the SME sector also because the large
corporates have not been able to absorb the credit," he said. Andhra
Bank lending to the SME sector stands at Rs 14,000 crore, which
constitutes 20 per cent of the total loan portfolio of the bank,
according to him.<br />
<br />
See <a href="http://www.dailyfnodata.com/andhrabank.html" target="_blank">Live Chart of Andhra Bank.</a> See <a href="http://www.dailyfnodata.com/andhrabank-eod.html" target="_blank">EOD Analysis of Andhra Bank. </a></div>
Rajesh Dubeyhttp://www.blogger.com/profile/06624019846488333649noreply@blogger.com0