Tuesday, October 20, 2015

Work on projects worth Rs 1,000 crore in full swing: Gift City

NEW DELHI: Global financial services hub Gujarat International Finance Tec-City (GIFT City) today said the work on four major projects worth Rs 1,000 crore has started. 

Construction work on 1.6 million square feet of built up area (BUA) has begun with projects by Viridian RED setting up World Trade Center, Hiranandani Group, a Business Club and an Affordable Housing project, GIFT city said. 

It added that these projects have a potential to generate around 12,000 jobs in coming .. 

OPEC, non-OPEC experts to talk, but unlikely to cooperate on cuts

LONDON/DUBAI: A meeting of OPEC and non-OPEC oil market experts this week is unlikely to increase the prospect of joint co-operation on supply curbs or show much support for Venezuela's proposed price band, OPEC delegates and analysts said.

The Organization of the Petroleum Exporting Countries has invited eight non-member countries including Russia for talks on the market at its Vienna headquarters on Wednesday. OPEC's own meeting to set policy is not until Dec. 4.

Non-OPEC pr .. 

Sunday, October 18, 2015

IPO-bound profitable IndiGo has negative net worth 

NEW DELHI: No-frills carrier IndiGo's parent InterGlobe Aviation, which is gearing up for Rs 3,200-crore initial share sale, may be profitable, but its net worth has come down significantly in three months ended this June.

Remaining profitable for nearly seven years, InterGlobe, however, saw its net worth slip to a negative Rs 139.39 crore at the end of June 2015.

After a prolonged wait, InterGlobe -- which is running the country's most profitable carrier under the brand name  .. 

FPIs pour in Rs 17,000-crore in capital markets in October 

NEW DELHI: After pulling out hefty funds from the capital market over past two months, foreign investors have turned net buyers in October so far and pumped in close to Rs 17,000 crore, buoyed by RBI's rate cut and positive macroeconomic data.

Most of the fresh capital has been infused in the debt markets.

The net inflow by foreign portfolio investors (FPIs) in the stock market stood at Rs 3,295 crore between October 1-16 while it read Rs 13,695 crore for the debt market, tra .. 


Navy signs Rs 5,000 crore pact with Russian shipbuilder Zvezdochka for Kilo class submarine refit 


NEW DELHI: The Indian Navy is looking to squeeze some more life out of its two decade old kilo class submarines, signing up a contract with Russia to extend the service life of the boats to 35 years. Struggling with a depleted underwater fleet, the Navy has finalized a contract with Russian shipbuilder Zvezdochka and will be sending the first submarine for the refit in June next year.

The extensive refit, the value for which is pegged at Rs 5,000 crore for a total of four submarines,  .. 

We are aiming at investing Rs 8.5 lakh crore in five years in Railways: Suresh Prabhu 

Railway minister Suresh Prabhu says he has been working around that one key number, Rs 8.5 lakh crore, which he plans to invest in five years in Indian Railways (IR). In a freewheeling interview with Shantanu Nandan Sharma in Rail Bhawan, Prabhu delves into aspects of that plan, including revamping the railways' data collecting cell into a department that analyses data and helps in the railway board's decision-making process. Excerpts:

 .. 

The festive season around Diwali is when the e-commerce wagon catches speed 

At around 11:00 AM on October 16, a human resources consultant in Bengaluru got an unexpected bonus when a product from Flipkart was delivered to him. Expecting to cursorily sign off for his shipment of apparel, he was instead greeted at his door by none other than Sachin Bansal, chief executive and cofounder of Flipkart, who had reprised his role of part-time deliveryman.

While Bansal had enlisted himself as a delivery person when Flipkart was a fledgling online book ordering service .. 

Saturday, October 17, 2015


Finance Minister Arun Jaitley warns those who try to obstruct economic growth 


PUNE: As Indian becomes a highly aspirational society, the future Indian politics will be polarised between growth and obstructionism and it will be good, said Union Finance Minister Arun Jaitley while warning 'those who try to stall the roadmap of economic growth.' 

Jaitely was addressing a gathering of corporates and important people from other walks of life in Pune on Saturday. 

Calling the global environment with fall in global commodity prices and slowing down of China's  .. 

Value investors chase stocks of companies led by troubled bosses 

MUMBAI: The stocks of Indian companies controlled by 'tainted' billionaires are turning attractive picks for deep-dive investors who acquire underperforming stocks. Their latest target is Sun TV, the southern media conglomerate of Kalanithi Maran and family, who are embroiled in the 2G spectrum auction controversy and have been under multiple investigations.

UK-based Knight Assets & Co and Dalal Street's known value investor Radhakishan Damani are among those who have checked into  .. 

Market likely to extend rally, but don't expect big move; top 7 stock strategies 

NEW DELHI: The Nifty50, which ended last week on a positive note, is likely to extend the rally in the coming week, but may face resistance around 8,300 level, say experts.

Technical experts say the last two days gave the index the much-needed fuel to break out of the range, but that was not enough to take out the 200-day moving average placed around 8,400.

Nifty futures trimmed losses and edged higher after a sudden surge towards the later part of the week, as it hit an eight- .. 




Navy signs Rs 5,000 crore pact with Russian shipbuilder Zvezdochka for Kilo class submarine refit 

NEW DELHI: The Indian Navy is looking to squeeze some more life out of its two decade old kilo class submarines, signing up a contract with Russia to extend the service life of the boats to 35 years. Struggling with a depleted underwater fleet, the Navy has finalized a contract with Russian shipbuilder Zvezdochka and will be sending the first submarine for the refit in June next year.

The extensive refit, the value for which is pegged at Rs 5,000 crore for a total of four submarines,  .. 




Rs 9,00,000 cr domestic demand for equities for next five years: Can you see the wealth? 

India stands at the cusp of growth. And retail investors must not let this unique opportunity go by. Again! Indians have been selling equities since 1994 and FIIs have been mopping it up.

In reality, we have sold a high return earning asset for the sure comfort of low yielding deposit.

But, thankfully, this is the change for most of it. Today, there are 80 lakh Indians who are doing systematic investment plans (SIPs) every year. They are bringing in roughly Rs 30,000 crore ev .. 



Friday, October 16, 2015

India's defence export to double this year; may cross Rs 1,200 crore: Manohar Parrikar

PANAJI: India's defence export is likely to double this year, Defence Minister Manohar Parrikar today said and called for tapping friendly countries to increase sale of military equipment. 

India could export defence equipment to friendly countries and also neighbours as such a move would help in strengthening relations with them, he said. 

He was speaking at Global Business Forum organised by the IIT Alumni Association at Bambolim on the outskirts of Panaji. The technocrat-tu .. 

Jaiprakash Associates updates on scheme of amalgamation

Scheme becomes effective from 01 April 2014
announced that the Order and the Scheme of Amalgamation has been filed with the Registrar of Companies, Uttar Pradesh & Uttarakhand on 15 October 2015 and consequent thereto, the said Scheme of Amalgamation has become effective.
Accordingly, all the businesses of Jaypee Sports International along with their assets, liabilities, rights, interests, obligations etc. stand vested in Jaiprakash Associates with effect from the appointed date, i.e. 01 April 2014.
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Thursday, October 15, 2015

Bank of Maharashtra allots 10.52 crore equity shares to government for Rs 394 crore

Bank of MaharashtraBSE 0.29 % today said it has allotted over 10.52 crore equity shares to the government valued at Rs 393.99 crore in exchange of infusion of capital into the bank. 

"... on receipt of the funds from the government, the Board of Directors of the Bank at its meeting held today, has issued and allotted 10,51,50,787 equity shares at the issue price of Rs 37.47 per equity shares on preferential basis to government," it said in a regulatory filing. 

Sensex up 230 pts, Nifty up 71 pts

Top gainers are Maruti, Hero Motor, Tata Motor, L&T, Bajaj Auto, Tata Steel, Coal India, BHEL, ONGC, SBI, ITC, Bharti Airtel, ICICI Bank, VEDL, Bank of Baroda, BPCL, Yes Bank, NMDC etc.

Top Losers are Wipro, M&M, Hindalco, Cipla, NTPC, TCS, Infosys, Hindustan Uniliver, Tech Mahindra, ACC, Bosch, Ambuja etc

Wednesday, October 14, 2015

As early October optimism fades, equities rely on risk premium


LONDON: The dark clouds of a slowing global economy and weak corporate earnings are gathering again over world stock markets, but rock-bottom bond yields leave few attractive alternatives and may sustain investment flows into equities. 

After one of the worst quarters for global equities in four years and the lowest year-to-date investment returns since 2008, early October saw a sharp rebound that confounded economists now warning of another global economic recession next year. 


CNX IT gives sell signal on charts; Nifty may head towards 7,950: Ashwani Gujral 

Ashwani Gujral: While Nifty is holding on to 8,100, the rallies are becoming shallower. For example, on Wednesday the index could not even cross 8,150. So if this continues, at some point, the demand at 8,100 is likely to give way. There have been some indications as well.

The CNX IT index has given a sell signal. Banks are kind of nowhere getting ready for a large move. It is very difficult to see how the market can move higher. In such a scenario, we have taken shor .. 



Wall Street higher as health stocks rise; banks in focus 


Wall Street was slightly higher on Wednesday as investors assessed earnings from major US banks and health care stocks bounced back. 

Monday, October 12, 2015

Today i.e. 10 Oct, 2015, i buy "The Intelligent Investor" book, written by Benjamin Graham from Crossword, Surat. I will read this book & want to finish it as early as possible, so as to start utilizing it's tactics for my investment. When Warren Buffet was of 19 year of age, he read this book, which influenced him very much.

As i am not Kitabi Kida, I have many other books, but, some i have read half, some third fourth & some starting chapters. But i will try to finish this book at the earliest.

Sell to Optimistic & Buy from Pessimistic.