Maruti Suzuki absorbs net profit loss by 60% from target in Q2

Maruti Suzuki, the leading passenger auto manufacturer of India, obtained a decline in its net profit target by 60% in the second quarter due to the workers protest at its Manesar refinery as well as slide in car sales, according to Ajay Seth, the firm’s chief financial officer.

Wipro obtains earnings higher than targeted in Q2

According to the executives of Wipro, the firm obtained earnings in the second quarter that are higher that their target figure with gains in wholesale growth. Furthermore, the firm absorbed 44 latest clients in quarter two while BFSI, healthcare, retail as well as energy will still be their primary businesses.

Rain Commodities aims rising profits at Rs 100 crore every quarter

The CFO of Rain Commodities, T Srinivasa Rao, announced that they are aiming to obtain profits to come at a high Rs 100 crore in every quarter while their cement venture operated at 65% production usage at present.

Total deficit of India in FY12 at GDP 6.6% looms

The total financial deficit of India in the fiscal year 2011-2012, including the states as well as the Centre, most probably will be recorded a high GDP of 6.6% wherein additional decrease may endanger credit decline along with negative response from investors.

Unless SC permits lawful mining, firms in crisis says Kalyani Steel

According to the managing director of Kalvani Steel, RK Goyal, every steel refinery is in financial crisis presently. Therefore, no respite can be experienced, unless the Supreme Court makes decision on cases concerning the unlawful mining and at least allow legal mining.

Mukesh Ambani obtains rank 1 as India’s wealthiest person

The head of Reliance Industries, the most precious firm of India, Mukesh Ambani, maintained the rank number one as the nation’s wealthiest person with an asset of USD 22.6 billion, according to Forbes, although witnessing his net worth decline by USD 4.4 billion.

Shree Ganesh Jewellery creates 50:50 merger with SALP SPA of Italy

Shree Ganesh Jewellery House or SGJHL, announced this day that it already consummated a 50:50 shared enterprise with SALP SPA of Italy to produce machine-created light weight gold jewellery that will be sold in bulk locally.

Shakti Pumps subsidiary to add Rs 10 crore in FY12

The chairman and managing director of Shakti Pumps, Dinesh Patidar, stated that the firm is set to operate in January as it eyes to add Rs 10 crore in the current financial year while Rs 50 crore by next fiscal year.

SBI eyes savings bank fund costs increase of 100-125 bps

Pratip Chaudhuri, the chairman of the nation’s leading lending bank SBI or State Bank of India, announced this Friday that they have been eyeing a mean funding cost for savings bank accounts to increase 100-125 basis points.

9.6% sequential growth not easy to carry on says MindTree

The managing director of MindTree, Krishnakumar Natrajan, announced this day that in this quarter, they have obtained 9.6% sequential growth. However, he believed that this figure is hard to keep up in the future.

11.43% food price index year-on-year recorded until October 15

In the latest statistics released by the government, the food price index of India has surged 11.43% while the nation’s fuel price index went up 14.70% year-on-year until October 15.

BSE Sensex climbs 2.98% as market keeps upsurge

The BSE Sensex was up 515.97 points or 2.98% to 17,804.80, its highest closing level since 3 August 2011. The index jumped 619.30 points at the day's high of 17,908.13 in early trade. The index rose 383.03 points at the day's low of 17,671.86 in early trade.

The S&P CNX Nifty was up 158.90 points or 3.05% to 5360.70, its highest closing level since 3 August 2011. The Nifty hit a high of 5,399.70 in intraday trade. Nifty hit a low of 5,322.80 in intraday trade.

BSE clocked turnover of Rs 2502 crore today.

Positive 1738 Negative 1142 Unchanged 88
From the 30 share Sensex pack, 27 rose and rest fell.

Kotak says Indian export grows faster this year

According to the statistics revealed by Kotak Securities, it showed strict inquiries on the increase in exportation wherein India has been getting benefit from. Following a 38% expansion in 2010-2011, exports climbed to 46% in the current year.

Kris of Infosys eyes budget slashes in 2012

Kris Gopalakrishnan, a famous icon in I.T. industry in India and internationally who is among the founders of Infosys Group, has been eyeing reductions of budget in 2012; thus, it is not bound to happen this year.

RBI to overturn position if inflation under 7% says Subbarao

In the latest development, Governor Duvvuri Subbarao announced last Wednesday that RBI or Reserve Bank of India is set to turn around its anti-inflationary position in case the inflation declines under 7 percent.

BSE Sensex climbs 0.2% as market remains upbeat

The BSE Sensex rose 33.97 points or 0.2% to settle at 17,288.83, its highest closing level since 5 August 2011. The index gained 95.63 points at the day's high of 17,350.49 in early trade.

The index rose 18.66 points at the day's low of 17,273.52 in late trade.

The S&P CNX Nifty rose 10.20 points or 0.2% to settle at 5,201.80, its highest closing level since 5 August 2011. The Nifty hit a high of 5,219.25 and a low 5196.15 in intraday trade.

BSE clocked turnover of Rs 743 crore.

Positive 1853 Negative 850 Unchanged 115
From the 30 share Sensex pack, 19 rose and rest fell.

Free Stock Tips on Diwali

Happy Deepawali !!!
VJonDalalStreet
09951856201

Nifty Fut yst 5248 Sup 5200 Res 5300 Long Nifty Fut ard 5270 tgt 5280/5290/5300+ TSL 30
Buy Nifty CE 5300 ard 99 tgt 109/119/129 SL 74(2d)
Buy HCC CE 30 ard 0.5 tgt 1/1.5/2 NO SL(1w)

ID
Buy Kotak Bank tgt 500/505 SL 488
Buy BGR Energy tgt 324/328 SL 315

ST
Alok Ind 20 tgt 22/23(1M)
Grasim Ind 2460 tgt 2540/2630(1M)

Jackpot
Chambal Fert tgt 93/96+
IDFC tgt 138/144+

Yes Bank eyes to gain from savings deregulation

The managing director and CEO of Yes Bank, Rana Kapoor, says that they are eyeing to have gain from the savings deregulation publicized by the RBI this day since just around 13-14% is their CASA ratio.

JSW Steel aims tender for New Hope of Australia

JSW Steel has been planning to make a tender for New Hope Corp, a coal mining firm in Australia, wherein the pact most probably would have a price greater than USD 5 billion.

VIP Industries near price increase by 5-6% probable

VIP Industries, the luggage manufacturing firm, has been predicting for sales to come in lesser due to the global sales pressure, according to the firm’s chairman Dilip G Piramal. Moreover, the firm most probably would increase prices by 5-6% in the near future.

GAIL to maintain 120 mmscmd bulk transmission

According to the chairman and managing director of Gas Authority of India or GAIL, BC Tripathi, they have been looking forward to keep up the 120 mmscmd bulk transmission while the spot cargoes appear to contribute to sustain bulk trading.

7% inflation of RBI’s target at end of 2011 obtainable says ICICI Pru Life

The senior vice president for investments at ICICI Prudential Life Insurance, Jitendra Arora, announced that the most current rate increase by Reserve Bank or RBI is imminent while their target at the end of the year which is 7% inflation is obtainable.

Sasken Communication revenues decline in Europe

The Chairman and CEO of Sasken Communication Technologies, Rajiv Mody, stated that the services revenues of the firm already expanded by around 2.7% in a span of a quarter period wherein a decline in revenues occurred from its European tier one clients.

SBI taking its time to increase rates now says Chaudhuri

Pratip Chaudhuri, the chairman of India’s leading lender State Bank of India or SBI, announced that they have been taking their time at the moment to increase interest rates since no pressure was being witnessed by banks at present.

BSE Sensex soars 1.86% as market on upsurge

The BSE Sensex jumped 315.58 points or 1.86% to settle at 17,254.86, its highest closing level since 5 August 2011. The index jumped 382.85 points at the day's high of 17322.13 in late trade. The index fell 39.02 points at the day's low of 16,900.26 in mid-morning trade.

The S&P CNX Nifty surged 93.25 points or 1.83% to settle at 5,191.60, its highest closing level since 5 August 2011. The Nifty hit a high of 5,211 in intraday trade. The Nifty hit a low of 5,085.55 in intraday trade.

The BSE Mid-Cap index rose 0.4%. The BSE Small-Cap index fell 0.07%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2425 crore, higher than Rs 2026.13 crore on Monday, 24 October 2011.

Positive 1375 Negative 1374 Unchanged 129
From the 30 share Sensex pack, 26 rose and rest fell.

ReGen Powertech aims IPO worth Rs 400 crore in 2012

ReGen Powertech, a wind turbine producer in Chennai, has been aiming to launch its IPO in 2012 wherein it is targeted to accumulate between Rs 400 crore and Rs 500 crore from the industry says Mr. Madhusudan Khemka, its Managing Director.

Vaswani Industries concludes with 64% slump on debut day

Vaswani Industries witnessed a deep slide on its debut day wherein its trading shares concluded at more or less 64% with a price of around Rs 17.80 on the National Stock Exchange.

PBA Infra obtains order book worth Rs 1,100 crore

The chairman and managing director of PBA Infrastructure, Ramlal Wadhwan, revealed that the firm obtained an order book which is worth more or less Rs 1,100 crore from various projects at Kota, Bhuj-Bhachau and Ahmadabad.

Piramal Glass eyes 40% growth in cosmetics, perfume production by next March

The managing director of Piramal Glass, Vijay Shah, announced that the firm has been eyeing to increase production of its cosmetics as well as perfume bottles by around 550 tonne daily which is nearly 40% this coming March.

Shree Ganesh Jewellery aims 35-40% topline expansion on retail sector

In the latest statement released by the chairman of Shree Ganesh Jewellery, Nilesh Parikh, the firm has been looking forward to attain 35% to 40% growth rate on the topline on the retail sector.

Power Grid aims to achieve its capex goal

Power Grid Corp of India, a government-managed firm, is being eyed to make expenses of Rs 550 billion or USD 11 billion, a 5-year capital expenditure until March 2012, according to the firm’s chairman and managing director RN Nayak.

India to obtain higher GDP growth rate than China in 2013

In the latest Rapid Growth Markets or RGM forecast from Ernst & Young, beginning 2013, the real GDP growth rate of India is eyed 9.5% to make them rank number one among the 25 RGMs. Next to India would be China at 9%.

India permitting foreign airlines to acquire local firms looms

According to a state admin executive, the Department of Industrial Policy and Promotion or DIPP made an argument that international airlines be permitted to invest a 26% equity shares in local companies.

Polaris expects merchandise revenues to add 30% by June next year

The chairman and CEO of Polaris, Arun Jain, announced that their merchandise revenues most probably will grow as well as become the source for around 30% of the firm’s revenues until June next year.

Arvind aims to reach $1 billion in revenue in 2011

According the chairman and managing director of Arvind, they are aiming to sustain a 20% topline expansion in the current year while predicting the revenue to reach USD 1 billion this year and by fiscal year 2015 USD 2 billion.

Shares of Vaswani Industries plummet 71% on day 1

From the Rs 49 per share issue price, Vaswani Industries witnessed a deep slump on its shares during the capital market initial trading wherein 71% decline was recorded to Rs 14 which was an intra-day low.

BSE Sensex surges 0.92% despite market lows

The BSE Sensex was up 153.64 points or 0.92% to 16,939.28, its highest closing level since 19 October 2011. The index gained 319.24 points at the day's high of 17,104.88 in early trade. The index rose 112.96 points at the day's low of 16,898.60 in late trade.

The S&P CNX Nifty was up 48.40 points or 0.96% to 5,098.35, its highest closing level since 19 October 2011. The Nifty hit a high of 5,145.65 in intraday trade. The Nifty hit a low of 5,084.75 in intraday trade.

The BSE Mid-Cap index fell 0.33% and the BSE Small-Cap index declined 0.28%. Both these indices underperformed the Sensex.

BSE clocked a turnover of Rs 1939 crore, lower than Friday's (21 October 2011) Rs 2342.96 crore.

BSE Sensex slides 0.89% as market plunges again

The BSE Sensex lost 151.25 points or 0.89% to settle at 16,785.64, its lowest closing level since 18 October 2011. The index rose 95.43 points at the day's high of 17,032.32 in mid-morning trade, its highest level since 19 October 2011. The index fell 184.68 points at the day's low of 16,752.21 in late trade.

The S&P CNX Nifty was down 41.95 points or 0.82% to settle at 5,049.95, its lowest closing level since 18 October 2011. The Nifty hit a high of a 5,120.75 in intraday trade, its highest level since 19 October 2011. The Nifty hit a low 5,037.95 in intraday trade.

The BSE Mid-Cap index fell 0.68% and the BSE Small-Cap index declined 0.6%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2334 crore, lower than Rs 2580.57 crore on Thursday, 20 October 2011.

Positive 1119 Negative 1689 Unchanged 115
From the 30 share Sensex pack, 23 fell and rest rose.

HCC expects Rs 2,000 order soon

According to the Chairman and Managing Director of HCC or Hindustan Construction Company, Ajit Gulabchand, in relation to the order book, most probably, an Rs 2,000 crore order can be obtained in the future.

Depreciated Rupee cuts trouble of plunging copper cost says Hindustan Copper

The Chairman and Managing Director of Hindustan Copper, Shakeel Ahmed, stated that the 20-25% correction in copper costs did not greatly affect its margins since the rupee weakened by around 10%; thus, the net impact on their receivables is around 10-15%.

Mumbai villages to receive extra 0.33 FSI on a prime says Chavan

Prithviraj Chavan, the Maharashtra Chief Minister, announced this day that the administration already made a decision to propose further 0.33 FSI or floor space index to realty developing firms in the Mumbai villages for a prime.

Protest at Maruti Suzuki concludes as 64 laborers to work again

The protest at the Manesar plant of Maruti Suzuki was already brought into a conclusion. As stated by the pact, during the whole period of the protest, the laborer will not receive payment due to “no work, no pay” policy. However, the 64 laborers are set to report for duty.

High Court postpones land purchase of 3 villages in Greater Noida

This Friday, the Allahabad High Court postponed the land purchase of Greater Noida’s 3 villages namely Abdullahpur, Devla and Saberi which is considered as a key defeat for the administration of Uttar Pradesh.

Thermax July to September order obtained lesser at 11.89 billion rupees

According to the Managing Director and Chief Executive of Thermax, M.S. Unnikrishnan, they observed lesser order obtained in the quarter from July to September worth 11.89 billion rupees due to the decreased number of orders from cement and power segments.

Godrej Properties to establish first-class property in Bengaluru

Shares of Godrej Properties or GPL increased around 2% during the early exchange to Rs 672 following the realty developing firm in Mumbai revealed a merger with Universal Builders to establish a first-class residential villa venture at Electronic City in Bengaluru.

Food inflation recorded at 10.6% Year-on-Year until October 8

The food price index of India increased 10.60% while the fuel price index jumped 15.17% in the year until October 8. However, the yearly food inflation came at 9.32% and the fuel inflation was recorded at 15.10%.

Biocon eyes to sustain 35-40% rise in branded healthcare

Kiran Mazumdar-Shaw, the chairman and managing director of Biocon, the leading Indian firm in biotechnology, announced that they are looking forward to sustain 35-40% expansion in branded healthcare.

India gains 7.34 million mobile subscribers last August

The mobile phone services providers in India, the second rank mobile phone industry globally, gained additional 7.34 million mobile users last August which is an expansion of 0.86% as compared to last month. Thus, the entire subscriber base in India is now 865.71 million.

Hexaware raises revenue guidance to 32% worth $306 million

The chairman of Hexaware Technologies, Atul K Nishar, revealed that they have been aiming to obtain 20% Ebitda margin in an average period whereas the firm raised its yearly revenue guidance to 32% which is worth USD 306 million.

End of March inflation of India eyed below 8% says Ahluwalia

Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission, announced this Thursday that the headline inflation of India at the end of March was witnessed below 8% while the costs are predicted to lessen starting December.

SBI necessitates Rs 7,900 crore to sustain 8% Tier I capital

State Bank of India or SBI, the nation’s biggest lending firm, announced this day that they are necessitating Rs 7,900 crore to maintain 8% as its Tier I capital as stated by RBI procedures, according to Diwakar Gupta, the firm’s Managing Director and CFO.

Cain Energy predicts to consummate India pact soon

Cairn Energy, an oil company based in Britain, announced this Thursday that it predicted a prolonged USD 6 billion agreement to put on sale bulk equity shares in its Indian unit Cairn India to Vedanta resources.

Essar Shipping obtains nod from SEBI for shares listing

Essar Shipping made an announcement this day that it already obtained the nod from SEBI for the firm’s shares listing on NSE and BSE following the company-split of the former Essar Shipping Ports & Logistics Ltd or ESPLL into Essar Ports Ltd and Essar Shipping Ltd.

Flexituff International share ends with 7% premium

Flexituff International, a top FIBC or flexible intermediate bulk containers integrated producer, already observed 131 volume transactions during the day of listing wherein a share ended at Rs 165.55 with 7% premium on NSE.

SAIL, Hindustan copper decline arrangements for FPO

In the latest development, according to Steel Authority of India or SAIL together with Hindustan Copper, they privately declined intentions to accumulate funds through issue of equity shares in FPO or follow-on public offer.

M and B Switchgears reaches 91% intra-day high on day 1

M and B Switchgears illustrated great showing in the previous few hours of exchange on first day wherein it soared utmost 91% to reach the Rs 356 per share intra-day high on NSE.

BSE Sensex sinks 0.87% as market loses steam

The BSE Sensex shed 148.45 points or 0.87% to settle at 16,936.89 its lowest closing level since 18 October 2011. The index fell 123.28 points at the day's high of 16,962.06 in late trade. The index declined 340.35 points at the day's low of 16,744.99 in early afternoon trade.

The S&P CNX Nifty lost 47.25 points or 0.92% to settle at 5,091.90, its lowest closing level since 18 October 2011. The Nifty hit a low 5,033.95 in intraday trade. The Nifty hit a high of 5,099 in intraday trade.

The BSE Mid-Cap index fell 0.66% and the BSE Small-Cap index declined 0.47%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2049 crore, lower than Rs 2448.33 crore on Wednesday, 19 October 2011.

Positive 1122 Negative 1691 Unchanged 113
From the 30 share Sensex pack, 22 fell and rest rose.

Edelweiss Housing eyes Rs 2,000 crore FY13 venture

According to Anil Kothuri, the Finance Executive Vice-President of Edelweiss Housing, they have been targeting a full venture of Rs 2,000 crore in the upcoming fiscal year whereas they aim for Rs 850 crore by year-end.

Taksheel Solutions slides 11% after opening high

Taksheel Solutions or TSL, an I.T. company, was able to begin the trade more than its Rs 150 issue price while reaching its peak price at Rs 161.90 on NSE morning exchange. But the stock price slid 11% from its issue price afterward.

Flexituff International begins exchange more than issue price

Flexituff International, a major integrated producer of FIBC or flexible intermediate bulk containers, began the exchange at Rs 156.90 on NSE which was more than the Rs 155 issue price per share on first day.

GVK acquires 14% extra stocks in Bangalore Int’l Airport

GVK Power & Infrastructure announced this day that they already purchased 14% more equity shares in Bangalore International Airport which is worth Rs 613.82 crore, hence raising their total stockholding to 43 percent.

FM says FY12 GDP goal a huge test for India

Pranab Mukherjee, the finance minister, announced this Wednesday that it should be a huge test for India to attain its GDP financial goal of 4.6% in the financial year 2012 but they intend to maintain that figure.

Mhaiskar of IRB Infra raises stocks in firm at 60%

In the latest development, VD Mhaiskar, the chairman as well as managing director of IRB Infra, already purchased 2% equity shares in his firm that raised his assets to 60% stake.

IVRCL awarded orders worth Rs 552.31 crore

In the latest development, IVRL, an infrastructure firm, was already awarded orders with an amount of Rs 552.31 crore in the following sectors: buildings, transportation and water.

KFA to benefit from 25% FDI in aviation

Vijay Mallya, the Kingfisher Airlines or KFA owner, was reported in the civil aviation ministry to be lobbying the state admin to permit 25% FDI or foreign direct investment in Indian aviation industry.

JSPL predicts stable merchant power rate onwards

According to the Director for Finance of Jindal Steel and Power or JSPL, Sushil Maroo, they are looking forward that merchant power rate will be maintained at Rs 4-4.25 every unit onwards.

IFCI witnesses downfall in NIM last quarter

The CEO and Managing Director of IFCI, Atul Kumar Rai, announced that their net interest margins witnessed downfall lately wherein only Rs 198.26 was attained in the previous quarter.

Sun Pharma to fully purchase Taro Pharma

Sun Pharma, a medicine company, announced this day that it already recommended to completely purchase 15 million outstanding shares of Taro Pharmaceuticals, a firm based in Israel, to the amount of USD 24.50 every share.

BSE Sensex soars 2.01% as market leaps again

The BSE Sensex surged 337.05 points or 2.01% to settle at 17,085.34, its highest closing level since 20 September 2011. The index jumped 358.70 points at the day's high of 17,106.99 in late trade. The index rose 126.05 points at the day's low of 16,874.34 in early trade.

The S&P CNX Nifty jumped 101.65 points or 2.02% to settle at 5,139.15, its highest closing level since 20 September 2011. The Nifty hit a high of a 5,148.05 in intraday trade. The Nifty hit a low 5,075.30 in intraday trade.

The BSE Mid-Cap index rose 1.35% and the BSE Small-Cap index gained 0.65%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 1728 crore, lower than Rs 2200.43 crore on Tuesday, 18 October 2011.

Positive 1684 Negative 1151 Unchanged 115
From the 30 share Sensex pack, All rose.

BSE Sensex dips 1.63% as trading witnessed gloomy exchanges

The BSE Sensex lost 276.80 points or 1.63% to settle at 16,748.29, its lowest closing level since 11 October 2011. The index fell 356.05 points at the day's low of 16,669.04 in afternoon trade. The index shed 200.33 points at the day's high of 16,824.76 in early trade.

The S&P CNX Nifty shed 80.75 points or 1.58% to settle at 5,037.50, its lowest closing level since 11 October 201. The Nifty hit a low of 5,011.05 and a high of 5,057.50 in intraday trade.

The BSE Mid-Cap index fell 1.21% and the BSE Small-Cap index declined 0.99%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2192 crore, lower than Rs 2444.78 crore on Monday, 17 October 2011.

Positive 861 Negative 1871 Unchanged 105
From the 30 share Sensex pack, 25 fell and rest rose.

Natco Pharma to produce, market bio-generic products

The Finance Director & CFO of Natco Pharma, Bhaskar Narayana, revealed that they sealed a pact with Chemo Sa Lugano, a firm based in Switzerland, to produce and market bio-generic merchandises in India as well as some Asian nations.

HCL Tech eyes soft expansion in India, Japan

According to the HCL Tech executives, the firm obtained concrete expansion rate last quarter whereas they anticipate soft expansion in Japan as well as India. Moreover, growth in Japan looms in the near future.

Essar Energy signs PPA with Bihar Electricity Board

Essar Energy already sealed the PPA or power purchase agreement with BSEB or Bihar State Electricity Board to have 300 Megawatts of tight production from its coal-fired Tori I energy unit, which can produce 1,200 Megawatts, to be located in Jharkhand state.

JK Paper expects margins to decline this quarter

According to the CFO of JK Paper, V Kumarswamy, they have been anticipating their margins to decline in the current quarter because of volatile coal capacity. Despite of that, the firm has been aiming to have widening of business operations.

Nelcast expects 25% top line expansion this FY12

In the latest development, the CFO of Nelcast, SK Sivakumar, announced that they have been predicting to obtain 25% top line expansion as against the Rs 600 crore top line in the same period of the previous year.

Future Group to launch businesses in rural wholesale, retail

The CEO of the diversified company Future Group, Kishore Biyani, announced this day that it is set to have an asset utmost Rs 100 crore by 2015 for widening the business operations in rural wholesale as well as distribution venture categorized in 'Aadhaar Wholesale' trade name.

Jyothy Laboratories Ltd purchases 12.05% shares in Henkel India

Jyothy Laboratories Ltd or JLL, a growing company in consumer goods, announced this day that it already purchased above 14 crore shares which is equivalent to 12.05% of Henkel India Ltd’s equity share capital by means of open tender.

Trade in India to obtain S1 trillion in the next 15 years

India has been eyed to hit the highest expansion in trade by 156% as well as attain $1 trillion in a span of 15 years wherein the increase may possibly be three-fold of the volume at present.

Industry Ministry argues standardized FDI in cable TV, DTH segments

The Industry Ministry argued a recommendation to have a standardized FDI in firms engaged in broadcast carriage services such as cable TV along with DTH or Direct-to-Home aside from increasing international assets boundaries as indicated by TRAI offers.

Power Minister eyes coal and power capacity gradual growth before weekend

According to Sushil Shinde, the Power Minister, they can see gradual growth in coal capacity to energy refinery before weekend in the midst of 29 coal-based energy stations in India operating below 4 days coal stock as against 44 below 7 days stock.

Onelife Capital Advisors hits Rs 174.80 intra-day high

Onelife Capital Advisors, a monetary services firm, already hit Rs 174.80 as its intra-day high on NSE which illustrated an increase of 59 percent as compared to Rs 110 per share of issue price.

BSE Sensex drops 0.34% as market begins week in decline

The BSE Sensex lost 57.60 points or 0.34% to 17,025.09, its lowest closing level since 13 October 2011. The index jumped 105.86 points at the day's high of 17,188.55 in early trade, its highest level since 21 September 2011. The index fell 154.31 points at the day's low of 16,928.38 in early afternoon trade.

The S&P CNX Nifty was down 14.05 points or 0.27% to 5,118.25, its lowest closing level since 13 October 2011. The Nifty hit a high of 5,160.20 in intraday trade, its highest level since 21 September 2011. The Nifty hit a low of 5,084.50 in intraday trade.

The BSE Mid-Cap index fell 0.01%. BSE Small-Cap index rose 0.22%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2080 crore, lower than Rs 2207.75 crore on Friday, 14 October 2011.

Positive 1337 Negative 1423 Unchanged 128
From the 30 share Sensex pack, 18 rose and rest fell.

Oil and gas drilling to be postponed by Reliance Industries

In the latest development, Reliance Industries, a leading energy firm in India, is set to postpone oil as well as gas drilling, awaiting a local assessment of its exploration along with its capacity scheme.

Ratnagiri energy refinery of JSW Energy already completely operational

Last Sunday, JSW Energy already began its commercial business of the number four 300 Megawatts subsidiary at its Jaigad refinery in Ratnagiri district of Maharashtra. The whole 1,200 Megawatt energy refinery is completely operational at present.

Heidelberg eyes cement costs rising by Rs 75 per bag

According to the managing director and CEO of Heidelberg Cements, Ashish Guha, eyes cement costs to rise by Rs 75 per bag from Rs 250 to Rs 325. The firm was able to attain its revenues in this quarter due to the increase in fuel as well as energy costs.

Philips aims to slash 4,500 jobs as TV venture contract at peril

According to the chief executive of Philips Electronics, Frans van Houten, they eye to slash 4,500 occupations being a portion of its cost-reduction plan amounting to 800 million euros in order to increase revenues in the midst of uncertainty in TV business agreement.

Inflation reaches zenith, eyed at 7% come end of March

According to R. Gopalan, the Economic Affairs Secretary, this Monday, he eyes nearly 7% inflation come end of March since the inflation last September already soared to its highest and prediction for October would be lesser.

Arshiya International eyes India to be next transshipment center

Nijay Nair, Arshiya International chief of tactical initiatives, revealed that he has been aiming to transform India as soon-to-be transshipment center, contending with other leading firms in Singapore as well as Dubai.

Large demand to increase export of sugar says Rajshree Sugars

The costs of sugar jumped 3-5% due to large demand. According to the chairperson as well as managing director of Rajshree Sugars, Rajshree Pathy, since the market has demand for export of around 4 million tonnes at present, the sugar sector can soar gradually.

Motilal Oswal eyes higher profits in second half of fiscal year

The director as well as co-owner of Motilal Oswal Financial Services, Raamdeo Agrawal, has expressed optimism in obtaining higher profits in the second half of the current financial year as they attained Rs 35 crore as compared to the previous quarter.

Onelife Capital soars 25% on launching

A monetary service firm, Onelife Capital Advisors or OCAL, announced that during 9:33 hours IST, its shares soared 25% to Rs 137 on NSE following its launching with Rs 110 per share as its issue price.

Taksheel Solutions sets listing day on Oct. 18

Taksheel Solutions, an I.T. company, is set to have its listing of equity shares this Oct. 18, Tuesday wherein the firm set Rs 130-150 per share as the issue price. Its IPO has 55 lakh shares of issues.

Flexituff International sets listing day on Oct. 19

A top firm engaged in integrated manufacturing of flexible intermediate bulk containers or FIBC, Flexituff International, is set to have its listing of equity shares this Oct. 19, Wednesday wherein the firm set Rs 155 per share as issue price.

BSE Sensex escalates 1.18% as market ends week strongly

The BSE Sensex jumped 198.77 points or 1.18% to settle at 17,082.69, its highest closing level since 20 September 2011. The index surged 220.53 points at the day's high of 17,112.45 in late trade. The index fell 55.47 points at the day's low of 16,828.45 in early trade, its lowest level since 12 October 2011.

The S&P CNX Nifty surged 54.45 points or 1.07% to settle at 5,132.30, its highest closing level since 21 September 2011. The Nifty hit a high of 5,141.40 in intraday trade. The Nifty hit a low of 5,056.60 in intraday trade, its lowest level since 12 October 2011.

The BSE Mid-Cap index rose 0.55% and the BSE Small-Cap index gained 0.31%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 1989 crore, lower than Rs 2523.74 crore on Thursday, 13 October 2011.

Positive 1434 Negative 1337 Unchanged 127
From the 30 share Sensex pack, 19 rose and rest fell.

BSE Sensex slumps 0.44% on week trading day

The BSE Sensex lost 74.47 points or 0.44% to settle at 16,883.92, its lowest closing level since 11 October 2011. The index jumped 125.68 points at the day's high of 17,084.07 in early trade, its highest level since 21 September 2011. The index declined 104.36 points at the day's low of 16,854.03 in late trade.

The S&P CNX Nifty lost 21.55 points or 0.42% to settle at 5,077.85, its lowest closing level since 11 October 2011. Nifty hit a high of 5,136.95 in intraday trade, its highest level since 21 September 2011. Nifty hit a low of 5,067.65 in intraday trade.

The BSE Mid-Cap index rose 0.03% and the BSE Small-Cap index gained 0.06%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2515 crore, lower than Rs 2716.64 crore on Wednesday, 12 October 2011.

Positive 1377 Negative 1423 Unchanged 115
From the 30 share Sensex pack, 22 fell and rest rose.

USD 1.6 billion in SBI to be infused by Government next March

According to the secretary of financial services, DK Mittal, the state admin is set to infuse Rs 45-80 billion or $919.7 million to $1.6 billion of financing in State Bank of India or SBI in March next year.

Vintage shares purchase to bring in Rs 80 crore profits

According to the joint managing director of Somany Ceramics, Abhishek Somany, they anticipate nearly Rs 70-80 crore yearly profits from Vintage Tiles wherein its 26% equity shares were acquired by the firm for Rs 5.5 crore.

Food inflation rises 9.32% until Oct 1 from last year

The food price index of India increased 9.32% while the fuel price index surged 15.10% until October 1 as compared to the same period last year, according to the statistics revealed by the state admin.

Den Network revenues 8 to 10 times increase looms from digitalization

According to the Den Networks’ president strategy and business development, MG Azar, in the advent of digitalization of cable networks after being approved by the cabinet, they anticipate revenues to rise 8 to 10 times via subscription.

Infosys not negotiating with Thomson Reuters biz for purchase deal

Infosys Ltd, the number two firm in India that exports software services, announced this day that they have not been negotiating with Thomson Reuters Corp’s healthcare unit for acquisition deal.

Swajas Air Charters fixes Rs 90 per share as issue price

Swajas Air Charters already set the price range of Rs 84-90 per share as its issue price wherein they attained Rs 35.68 crore by means of the 39.65 lakh equity shares issue due to stake dilution of 26.06%.

Tijaria Polypipes plans listing of shares on Oct 14

Tijaria Polypipes, a firm based in Jaipur, is scheduled to have the listing of its equity shares this Oct 14 wherein its 1 crore equity shares IPO has an Rs 60 per share issue price.

Religare Enterprises purchases Shreyas Stocks, Shreyas Advisory Services

Religare Enterprises, a firm that gives monetary services, made an announcement this day that it already purchased all the stakes of Shreyas Stocks in Chennai as well as Shreyas Advisory Services.

Tata Steel to reduce capacity in Europe on lesser orders

Tata Steel, the seventh global leader in steel manufacturing, could reduce 80-90% capacity in Europe in the coming months in case steel orders do not stabilize, according to its European unit’s CEO Karl-Ulrich Khler.

Power Ministry requests 8 mmscmd of gas for energy ventures

The power ministry already requested the oil ministry for the urgent discharge of 8 mmscmd of gas to fuel ventures whereas 10 energy refineries such as NTPC as well as Andhra gears necessitate gas.

Sahara acquires 42.5% equity shares in Force India F-1 team

In the latest development, the Sahara group already acquired 42.5% equity shares for USD 100 million dollars in Force India F-1 team of Vijay Mallaya. The new name of the latter firm is Sahara Force India.

BSE Sensex jumps 2.55% as market rebounds

The BSE Sensex was up 421.92 points or 2.55% to settle at 16,958.39, its highest closing level since 21 September 2011. The index jumped 450.59 points at the day's high of 16,987.06 in late trade. The index rose 72.10 points at the day's low of 16,608.57 in afternoon trade.

The S&P CNX Nifty was up 125.05 points or 2.51% to settle at 5,099.40, its highest closing level since 21 September 2011. Nifty hit a high of 5,109.80 and a low of 4,997.65 in intraday trade.

The BSE Mid-Cap index rose 1.4% and the BSE Small-Cap index gained 1.18%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2706 crore, lower than Rs 2710.42 crore on Tuesday, 11 October 2011.

Market Breadth:

Positive 1851 Negative 975 Unchanged 110
From the 30 share Sensex pack, 27 rose and rest fell.

Gravita India to merge in 50-50% Damman deal

According to the president of Gravita India, MC Mehta, the firm embarked into a merger deal with Saudi Arabia Damman’s Best Group last October 10 wherein each firm will share 50% ownership each in Best Gravita Saudi Ltd.

ONGC, Petro Vietnam seal cooperation deal for 3 years

Oil and Natural Gas Corp announced this Wednesday that its international investment unit already sealed a 3-year deal with Petro Vietnam for improving many years cooperation in the oil industry.

Exports of India rise 36% last Sept.

The exports of India kept their expansion streak last September with a 36.3% increase to USD 24.8 billion as compared to the same period last year, according to Rahul Khullar, the Commerce Secretary.

Ashok Leyland to increase prices by one percent in 1 month

Vinod K Dasari, the Managing Director of Ashok Leyland, announced this day that they are set to hike the prices of its industrial autos in every model by one percent in a span of 30 days.

CVCI consummates acquisition contract of Ness Technologies

According to Ness Technologies this day, a subsidiary of Citi Venture Capital International or CVCI already consummated an acquisition contract with them which is worth USD 307 million.

JSW Steel merges with Marubeni-Itochu for biz in steel processing

JSW Steel already embarked on a merger deal with Marubeni-Itochu Steel of Tokyo, Japan wherein they agreed to establish a steel processing plant to be located in North India as both firms will enjoy half ownership each.

I.T. firms attains 19% profit increase in FY11

The Information Technology or I.T. sector in India already obtained 19% increase in profits in the fiscal year 2010-2011 with an amount of Rs 438,296 crore or 96.1 billion in US Dollar.

Pipavav plans to export in Latin America, SE Asia, Africa

Pipavav Defence & Offshore Engineering, an independent ship developer, has been planning to expand their business to Latin America, Indonesia as well as Africa by means of exportation, says RM Bhatia, the firm’s executive director.

Max India enters deal with unit for South Africa business expansion

According to the managing director of Max India, Rahul Khosla, the firm already embarked into a venture with Max Healthcare Institute, their unit, in a 26% stake sale worth Rs 526.5 crore to a South African firm.

10.7% increase in second quarter profit for Infosys, within prediction

The second leading Indian firm in exporting software services, Infosys Ltd, announced that they obtained 10.7% increase in revenue this second quarter which is more or less their predicted figure due to weak rupee.

Day 6: Manesar refinery laborers of Maruti still on protest

The current protest at the Manesar refinery of Maruti Suzuki already embarked on its day number 6 this day wherein the gear produced zero capacity while laborers kept on demanding that the firm’s executives should hire again each and every floating and casual worker.

Shree Shubham Logistics aims more ventures worth Rs 200 crore

Shree Shubham Logistics announced this day that they plan to widen up their operations in Maharashtra, MP, Gujarat and Rajasthan with capital expenditure of Rs 200 crore until 2014.

Lodha Group reports venture in Mumbai worth Rs 10,000 crore

According to the realty expert Lodha Group this day, the firm said that more than Rs 10,000 crore worth of investment in a latest venture named New Cuffe Parade in Mumbai has been sealed.

Inflation in September expected at 9.70%

In the latest development, the wholesale price index of India is expected to increase to 9.70% this September as compared in the same period last year wherein a minimal reduction has been noticed last August to 9.78%.

BSE Sensex drops 0.13% as market dips anew

The BSE Sensex lost 20.76 points or 0.13% to settle at 16,536.47, its lowest closing level since 7 October 2011. The index jumped 216.89 points at the day's high of 16,774.12 in early trade, its highest level since 22 September 2011. The index declined 46.52 points at the day's low of 16,510.71 in late trade.

The S&P CNX Nifty was down 5.25 points or 0.11% to settle at 4,974.35, its lowest closing level since 7 October 2011. The Nifty hit a high of 5,045.10 in intraday trade, its highest level since 22 September 2011. The Nifty hit a low of 4,964 in intraday trade.

The BSE Mid-Cal index rose 0.49% and the BSE Small-Cap index gained 0.22%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2701 crore, higher than Rs 2214.13 crore on Monday, 10 October 2011.

Market Breadth:

Positive 1566 Negative 1239 Unchanged 108
From the 30 share Sensex pack, 16 rose and rest fell.

Zee Entertainment to introduce this FY13, 3-4 channels in HD

Zee Entertainment Enterprises, a television channel network, is set to introduce 3-4 HD channels in the financial year 2012-2013, according to the firm’s managing director and CEO Punit Goenka this Tuesday.

Aurobindo Pharma obtains consent for Gabapentin tablets from USFDA

Aurobindo Pharma, a medicine company, this day announced that it already obtained official consent from USFDA to produce as well as sell USP 600 mg along with 800 mg Gabapentin tablets.

Flexituff International sets Rs 145-155 per share as issue price

Flexituff International, a top integrated manufacturing firm of FIBC or flexible intermediate bulk containers already set the price range Rs 145-155 per share as its issue price.

Rs 60 crore IPO of Tijaria Polypipes gets 1.2 times subscriptions

In the latest development, Tijaria Polypipes, a firm based in Jaipur, was able to completely increase Rs 60 crore by means of 1 crore equity shares IPO wherein it got subscription of 1.2 times.

ITI eyes to get profits by financial year 2012-2013

According to the chairman and managing director of ITI, KL Dhingra, they are anticipating to get profits by financial year 2012-2013 which will not be affected by its tie up with MTNL as well as BSNL.

Indo Thai Securities fixes Rs 74 per share as issue price

Indo Thai Securities, a firm engaged in stock brokerage, already set Rs 74 per share as the issue price which is below the mean of the Rs 70-84 price range for its 40 lakh equity shares IPO.

Greenko, GE report USD 115 million wind power biz in India

GE Energy Financial Services as well as Greenko Group Plc already reported this day that they agreed on a business to establish wind power ventures with a collected investment worth $115 million in the nation.

RBI says Independent firms obtain sales soaring 20% in 2010-11

According to the statistics from RBI or reserve Bank of India, independent Indian firms already obtained a 20 percent rise in sales in the financial year 2010-2011 wherein constant orders were observed.

Crisil lessens GDP expansion prediction of India to 7.5% in FY12

The top ratings agency Crisil this day already got together with its contenders in modifying the nation’s expansion prediction for the current financial year to below 7.5% due to lack of changes and continuous rate increases locally.

Net profit to fall less than Rs 10,000 crore says ONGC

Oil and Natural Gas Corp or ONGC, a government-managed firm, announced that its net profit looms to dip by more than 47% to less than Rs 10,000 crore in the current financial year if state admin decides spending for more fuel subsidy.

Mcnally Bharat eyes Rs 2,200 crore topline expansion

According to Deepak Khaitan, the chairman of Mcnally Bharat, a Rs 200 crore order this October made their entire order book to Rs 1,000 crore as they eye topline expansion of Rs 2,200 crore.

Maruti laborers take hold of refinery operations

Rallying Maruti Suzuki laborers already took hold of the operations in the Manesar refinery which was struck by weeks of work turbulence, according to the firm this Monday wherein the damage cost was more than $150 million.

BSE Sensex grows 2% on another strong market

The BSE Sensex was up 324.69 points or 2% to 16,557.23, its highest closing level since 29 September 2011. The index jumped 363.39 points at the day's high of 16,595.93 in late trade. The index fell 1.77 points at the day's low of 16,230.77 in early trade.

The S&P CNX Nifty was up 91.55 points or 1.87% to 4,979.60, its highest closing level since 29 September 2011. The Nifty hit a high of 4,991.15 and a low 4,882.05 in intraday trade.

The BSE Mid-Cap index rose 1.36% and the BSE Small-Cap index gained 0.97%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2206 crore, higher than Rs 2072.47 crore on Friday, 7 October 2011.

Market Breadth:

Positive 1692 Negative 1095 Unchanged 124
From the 30 share Sensex pack, 25 rose and rest fell.

CARE submit docs for IPO of 7.2 million shares

According to the Ratings firm, CARE or Credit Analysis and Research, it already submitted its documents with SEBI for its IPO which is around 7.2 million shares.

RDB Rasayan eyes 35-40% topline expansion in FY12

According to RDB Rasayan, they have been anticipating to obtain topline expansion of 35-45% in the financial year 2012 wherein its worth is around Rs 60-65 crore while the bottomline may come around Rs 5 crore.

Wheat harvest to be 86 million in 2012 says Farm Secretary

PK Basu, the Farm Secretary, announced that India will probably make a harvest of a high 86 million tonnes of wheat next year wherein the harvest last year was 85.93 million tones.

Auto sales plummet 1.8% at the end of September

According to Society of Indian Automobile Manufacturers or SIAM, the sales in auto sector plummeted 1.8% at the end of September due to the increasing interest rates as well as car prices.

Mahindra introduces Verito Executive

Mahindra & Mahindra, a leading firm in auto segment, announced this day that it already introduced its limited version of its Verito sedan named Verito Executive with a price band of Rs 5.95-7.09 lakh.

UTV to acquire 30.02% more stake in Indiagames

UTV Software Communications, a company engaged in media and entertainment, is set to expand its stocks in Indiagames through acquisition of 30.02% more stake in the firm which is worth Rs 94.56 crore.

RBI eyes significant gains with inflation less than 5.5%

In the latest development, according to the study of RBI, they have been evaluating about the relation of the growth and the inflation wherein if inflation would be maintained below 5.5 percent can result to significant growth.

BSE Sensex rises 2.79% as trading ends week on positive note

The BSE Sensex jumped 440.13 points or 2.79% to settle at 16,232.54, its highest closing level since 30 September 2011. The index rose 356.56 points at the day's low of 16,148.97 in mid-afternoon trade. The index jumped 555.07 points at the day's high of 16,347.48 in morning trade.

The S&P CNX Nifty jumped 136.75 points or 2.88% to settle at 4,888.05, its highest closing level since 30 September 2011. The Nifty hit a high of 4,922.60 in intraday trade. The Nifty hit a low of 4,861.20 in intraday trade.

BSE clocked turnover of Rs 1825 crore, lower than Rs 2373.27 crore on Wednesday, 5 October 2011.

Market Breadth:

Positive 1818 Negative 981 Unchanged 118
From the 30 share Sensex pack, 28 rose and rest fell.

Adi Godrej sees abundant supply in Mumbai realty

According to the chairman and managing director of Adi Godrej Group, they do not eyes prices in realty to be much lesser in Mumbai whereas in commercial, abundant supply is witnessed while the residential is not.

JBF Industries aims topline expansion of 15 percent onward

According to the managing director of JBF Industries, Rakesh Gothi, the firm may probably manage at greater levels of capacity as they aim to obtain 15 percent topline growth onward.

Soaring input coast could hit margin in FY12 says Orbit Corp

According to Orbit Corporation’s managing director Pujit Aggarwal, he deemed that the firm would be proud if they cope to sustain the revenues in the previous year while soaring input cost could hit margin in FY12.

Casual laborers rally at Manesar refinery of Maruti

Casual employees at Manesar refinery of Maruti Suzuki India have been rallying versus the firm’s volition to prohibit them from going back to work following 33 days of disagreement between the two parties.

Expansion of India to stay less than 8% next quarters says Citi

Citigroup announced that the economic expansion of India will probably stay less than 8 percent in the next quarters due to the strong financial contracting as well as worsening worldwide prospects.

Toyota eyes exportation of Indian Etios starting 2012

Toyota Motor Corp announced that the firm is set to start exportation of autos from India beginning March 2012 wherein Etios sedan along with hatchback will be initially rolled out to South Africa.

According to the Managing Director for India Operations of Tata Motors, PM Telang, the firm already introduced to the South African market its Manza sedan as well as Prima range of first-class automobiles.

SCI no issues at all: Shipping Ministry

In the latest development, the chairman and managing director of Shipping Corporation of India or SCI, S Haira, revealed that the Shipping Ministry does not see any problem with the profitability of SCI.

Food inflation soars 9.41% Year-on-Year until September 24

According to the statistics from the state admin, the food price index of India soared 9.41% while the fuel price index went up 14.69% in the same period until September 24 last year.

India to reveal latest telecoms policy this Monday

Kapil Sibal, the Telecoms Minister, is scheduled to preside a news assembly this coming Monday at 2:00 in the afternoon to make an announcement on the National Telecommunications Policy-2011 draft.

Insecticides India eyes exportation in SEA nations

Insecticides India has been eyeing to embark on the export industry in the nations included in the South East Asian region in 2-3 months, according to the firm’s CFO, Sandeep Agarwal.

Bosh refinery relay strike continues on day four

According to the Executive Committee Member of MICO Employees Association or MEA, Raghavendra, the relay strike by the employees at Adugodi refinery of Bosch went further on to its day four this Thursday.

Apple’s force unparalleled by other I.T. firms under Jobs

According to Ratan Tata, an industrialist, he stated this day that Apple merchandises, during the management of Steve Jobs, brought force unparalleled by any I.T. firms that made him among the greatest symbol of the modern age.

CARE submits papers for IPO

In the latest development, CARE or Credit Analysis And Research already submitted its papers for DRHP or draft red herring prospectus with SEBI for IPO of 71,99,700 equity shares.

IPO of Swajas Air obtains positive response from investors

The IPO of Swajas Air Charters, a firm engaged in air charter services, with a value of Rs 37.5 crore already obtained positive remarks from stockholders following the price range cut from Rs 90-100 to Rs 84-90 per share.

BSE Sensex dips 0.46% on feeble market

The BSE Sensex lost 72.45 points or 0.46% to settle at 15,792.41, its lowest closing level since 5 February 2010. The index fell 104.33 points at the day's low of 15,760.53 in afternoon trade. The index gained 180.05 points at the day's high of 16,044.91 in early afternoon trade.

The S&P CNX Nifty was down 20.85 points or 0.44% to 4,751.30, its lowest closing level since 26 August 2011. The Nifty hit a high of 4,827.80 and a low of 4,741 in intraday trade.

The BSE Mid-Cap index fell 0.97% and the BSE Small-Cap index declined 0.9%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2364 crore, lower than Rs 2613.94 crore on Tuesday, 4 October 2011.

Market Breadth:

Positive 1085 Negative 1667 Unchanged 115
From the 30 share Sensex pack, 16 fell and rest rose.

SBI eyes USD 2 billion this FY12 in state funds

According to the chairman of State Bank of India or SBI this day, they are optimistic to attain funds from the state admin utmost USD 2 billion in the present financial year.

Suzlon Energy obtains 25.5 Megawatts order of wind turbines from GAIL

Suzlon Energy, a wind power firm, announced this day that it already obtained an order from GAIL India to provide wind turbines that can produce 25.5 Megawatts power in Karnataka.

GPL seals land deal with Godrej & Boyce

Godrej Properties or GPL, a realty firm, announced this day that it already sealed a deal with Godrej & Boyce or G&B to give development managerial assistance for its upcoming improvement of land in Vikhroli, Mumbai which is owned by the firm.

RIL gives suspension of gas capacity to 4 fertilizer gears starting tomorrow

In the recent development, Reliance Industries or RIL already gave public announcement suspending gas supplies to 4 fertilizer refineries in Uttar Pradesh starting on Thursday, October 6, 2011.

RDB Rasayans eyes listing of shares this Oct 7

RDB Rasavans, a packaging material producing firm, has intended to list its stocks this coming October 7 wherein the issue price was set at a price range of Rs 72-79 per share.

Punj Lloyd obtains deal for Qatar-based polysilicon refinery

Punj Lloyd, a top engineering and development firm, announced this day that it already obtained EPC or engineering, procurement and construction agreement to construct the first polysilicon refinery in Qatar.

Services in India plummet again since April 2009

The service segment of India plummeted only this September again with HSBC Markit Business Activity Index reading of 49.8 (based on response of nearly 400 companies) which was the lowest since April 2009.

BHEL obtains order worth Rs 3,800 crore from Dainik Bhaskar Power

BHEL, a government-managed firm, announced this day that it already obtained an order worth Rs 3,800 crore from Dainik Bhaskar Power for constructing a thermal energy refinery with 1,320 Megawatts capacity in Madhya Pradesh.

RGCOM makes bandwidth upgrade to its undersea cable infra

Reliance Globalcom, a unit of Reliance Communications, announced this day that it already made an upgrade its bandwidth of its undersea cable infrastructure that attach Asia and Far East to Europe an Middle East with more than 500 gigabytes per second.

Pharmexcil honored Venus with patents award

Venus Remedies, a leading pharmaceutical firm, was already awarded by Pharmexcil or Pharmaceuticals Export Promotion Council with patents award for the year 2010 to 2011 under the gold category for its involvement to research and share in the formulations segment.

Indian firms tie-up, purchase agreements slump 56% in third quarter

The amount of tie-up as well as purchase agreements among Indian firms experienced a 56% slump versus the same period last year to $5.91 billion in the quarter three of the present year.

BSE Sensex plunges 1.77% as weak market witnessed again

The BSE Sensex dropped 286.59 points or 1.77% to settle at 15,864.86, its lowest closing level since 26 August 2011. The index rose 50.93 points at the day's high of 16,202.38 in early afternoon trade. The index lost 406.02 points at the day's low of 15,745.43 in mid-afternoon trade, its lowest level since 8 February 2010.

The S&P CNX Nifty was down 77.35 points or 1.6% to 4,772.15, its lowest closing level since 26 August 2011. The Nifty hit a low of 4,728.30 in intraday trade. The Nifty hit a high of 4,869.75 in intraday trade.

The BSE Mid-Cap index fell 1.28% and the BSE Small-Cap index declined 1.09%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2204 crore, higher than Rs 2150.24 crore on Monday, 3 October 2011.

Market Breadth:

Positive 992 Negative 1771 Unchanged 115
From the 30 share Sensex pack, 23 fell and rest rose.

Spice Mobility to widen up mobile internet operation in Africa

According to BK Modi, the chairman of the Spice Group, they have been looking forward to acquire subsidiaries in Africa in mobile internet ventures of Spice Mobility with a needed fund of $100-200 million.

PVR’s Rs 100 crore investment for added business looms

PVR, a movie exhibitor and distributing firm, announced this day that it is set to make an investment of Rs 100 crore in the following financial year to widen up its business nationwide.

Mozambique approves power refinery of Jindal Steel in Tete

Mozambique already approved this Tuesday that Jindal Steel & Power of India can establish a coal-fired energy refinery worth $3 billion that can produce 2,640 megawatts in northern part of Tete.

ONGC oil capacity to increase 15% in 2 years

According to Sudhir Vasudeva, the newly assigned Chairman and Managing Director of Oil and Natural Gas Corp or ONGC, they aim to have crude oil capacity in 2013 by around 15% to 28 million tones.

Shasun Pharma predicts 40-50 percent FY12 topline expansion

The managing director of Shasun Pharmaceuticals, Abhaya Kumar, has been predicting that the firm’s topline will expand 40-52% in the financial year 2012 since confirmed orders in the recent quarters are plenty.

REpower, Zuidlob agree on wind turbine project in Netherlands

REpower, a subsidiary of Suzlon Energy, already sealed a deal with Zuidlob Wind BV, a unit of the Swedish-based Vattenfall, to provide 36 wind turbines in a wind farm near Zeewolde, Netherlands for accumulated 122 megawatts of power.

UCO Bank predicts NIMs in FY12 to reach 3%

According to the chairman of UCO Bank, Arun Kaul, he has been looking forward for NIMs or net interest margins of around 3% in the financial year 2012.

India aims to expand coal business with Indonesia says Sharma

According to Anand Sharma, the Commerce and Industry Minister, India has been planning to expand its economic relationship with Indonesia for mineral resources business such a coal with the help of Tatas, Anil Dhirubhai Ambani Group and Aditya Birla Group.

BSE makes upgrade of 22 firms to Group A

BSE announced this day that it already made an upgrade of 22 firms from Group B list to Group A starting October 10 namely Britannia Industries, Crisil, Gitanjali Gems, Godrej Industries, Alstom Projects, Amtek Auto, Bata India, CESC, EIH, Gujarat Fluorochemicals, Gujarat Gas, Gujarat Mineral Development Corp, India Securities, ING Vysya Bank, Max India, Muthoot Finance, Pidilite, Redington India, Torrent Pharma, TTK Prestige, UTV Software and Wockhardt.

Prakash Constrowell soars 12 percent on debut day

Prakash Constrowell, a firm engaged in constructing services, soared 12% to Rs 155 in the initial exchange versus the Rs 138 per share issue price wherein Rs 147.20 was the opening value.

Global manufacturing drops below 50 for the first time since June 2009

With the concerted efforts made by JPMorgan together with research and supply firms, the Global Manufacturing PMI plummeted from 50.2 last August to 49.9 which was the only recorded fall lower than the 50 mark since June 2009.

BSE Sensex falls 1.84% as market starts week in downturn

The BSE Sensex lost 302.21 points or 1.84% to settle at 16,151.45, its lowest closing level since 26 September 2011. The index lost 397.43 points at the day's low of 16,056.33 in early afternoon trade. The index fell 197.79 points at the day's high of 16,255.97 in early trade.

The S&P CNX Nifty shed 93.75 points or 1.9% to settle at 4,849.50, its lowest closing level since 26 September 2011. The Nifty hit a low of 4,823.90 in intraday trade.

The BSE Mid-Cap index fell 1.9% and underperformed the Sensex. The BSE Small-Cap index declined 1.48% and outperformed the Sensex.

BSE clocked turnover of Rs 2140 crore, lower than Rs 2489.43 crore on Friday, 30 September 2011.

Market Breadth:

Positive 879 Negative 1915 Unchanged 104
From the 30 share Sensex pack, 22 fell and rest rose.

Steel Strip Wheels sales decrease 14.43% last September

Steel Strips Wheels, a top producing firm of wheels in cars, announced this day that their sales already decreased 14.43 % to 7.53 lakh rims in the month of September.

Honda aims to introduce diesel autos in Indian market

Jnaneswar Sen, the Senior Vice-President for Sales and Marketing in Honda Siel Cars India, revealed that Honda has been aiming to introduce diesel autos in the Indian market.

Malik expects inflation about 7.5% by March next year

According to Rajeev Malik of CLSA, the state admin expansion prediction of 8% is very positive wherein they are looking forward for the inflation nearly 7.5% by March next year.

Bajaj Auto sales soar 18.5% in September

In the latest news, according to the managing director of Bajaj Auto, Rajiv Bajaj, their sales kept on soaring with an 18.5% increase to 4.18 lakh units in the month of September.

Indian exports in August rises 44% Year-on-Year

The exports in India increased to USD 24.3 billion which is 44% in August as compared to the previous year while the imports increased 41.82% to USD 38.4 billion, according to the government.

Vivimed Labs purchases Klar Sehen

Vivimed Labs already purchased the whole shares in Klar Sehen, apharma firm based in Kolkota, in order to widen up its local business in the sector of medicine and drugs.

Dainik Bhaskar invests 2.7% stakes in Edserv

Edserv Softsystems, a firm engaged in I.T. training services, announced this day that Hindi daily Dainik Bhaskar already made an investment to the amount of Rs 15 crore for a 2.7% stake in the firm.

Tea capacity in India rises by 3 % in August

Tea capacity last August increased to 127 million kilogram by three percent whereas exports recorded a rise of fifteen percent to 19.42 million kilogram this September, according to Tea Board.

Cairn India verifies natural gas found in Sri Lanka

The unit of Cairn Energy Plc, Cairn India, announced this Sunday that they already found natural gas in Mannar Basin in Sri Lankan offshore as a confirmation to the initial press releases by Mahinda Rajapaksa, President of Sri Lanka.

Suzlon Energy arm Seforge obtains orders worth Rs 200 crore

According to the CEO of Suzlon Energy’ unit Seforge, Kamlesh Bhadani, this day he announced that they already obtained Rs 200 crore orders from the wind power segment for castings as well as some devices.

IPO of Indo Thai Securities launched this day

Indo Thai Securities, a stock broker, already launched its 40-lakh equity shares IPO to be subscribed this day wherein the price range was set at Rs 70 to Rs 84 per share.

September Nifty Futures 1035 points profit

Month	No of Tip	Accuracy	Points
2011, September	23	83%	1035
2011, August	21	90%	630
2011, July	24	83%	904
2011, June	28	82%	976
2011, May	19	89%	980
2011, April	17	94%	591

Detailed Future Tips

We have three Packages

1) 12 Months - Rs 5400 (Rs 15 per day)

2) 6 Months - Rs 3400

3) 3 Months - Rs 2400

Every trading day, we provide pre-market All in One sms alerts for

1) 1- Intraday Nifty Future

2) 1-2 Stock/Nifty Options(Intraday or positional)

3) 2-4 Intraday Cash Calls

4) 2-4 Delivery Calls (time from 1 week to 2 months)

5) 1 Jackpot Call

 We have an accuracy of 80-90% You can check our past performance of Future Tips.