Tuesday, May 20, 2008
Gold Levels - 20-May-08
Gold Resistance:12431, 12481, 12511, 12551
Supports: 12385, 12331, 12300, 12265, 12210
Supports: 12385, 12331, 12300, 12265, 12210
Garden Silk Mills
Garden Silk Mills is planning to double its capacity.
Garden Silk Mills will invest Rs 350 crore for the expansionl.
According to the capex plan, Garden Silk Mills will double the existing
capacities of 700 tonnes per day of polyester chips, 300 tonnes per day of
partially oriented yarn (POY) and 120 tonnes per day of polyester textured
yarn (PTY).
Garden Silk Mills will invest Rs 350 crore for the expansionl.
According to the capex plan, Garden Silk Mills will double the existing
capacities of 700 tonnes per day of polyester chips, 300 tonnes per day of
partially oriented yarn (POY) and 120 tonnes per day of polyester textured
yarn (PTY).
Parsvnath Developers
Parsvnath Developers, may bag the development rights for one of India’s biggest, the Rs 1,850-crore Nanocity to come up in Panchkula near Chandigarh. The project, spread over 11,138 acres, being jointly promoted by Hotmail founder Sabeer Bhatia and the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), is modelled on the Silicon Valley and will come up in two phases. The knowledge city will deal in future technologies like nano-technology, biosciences, software product development, next generation Internet products, materials research and energy.
Wockhardt Pharma
Wockhardt Pharma
Start Accumulating CMP 307 Sl 285 TGT is Good in Coming Days.Be Patient wid this stk
Start Accumulating CMP 307 Sl 285 TGT is Good in Coming Days.Be Patient wid this stk
BSEL Infrastructure Realty Ltd
Heard On The Street
20-May-08
BSEL Infrastructure Realty Ltd has signed an MOU with Federal Government's Statutory body Iskandar Regional Development Authority (IRDA) wherein BSEL has committed to make investment in Iskandar Malaysia to the tune of Malaysian Ringgit Fifteen Billion (equivalent to Rupees 18000 Crores) over a period of twelve years. BSEL has collaborated with IRDA to develop Iskandar Malaysia, designed to be Southern Peninsular Malaysia's most developed region
20-May-08
BSEL Infrastructure Realty Ltd has signed an MOU with Federal Government's Statutory body Iskandar Regional Development Authority (IRDA) wherein BSEL has committed to make investment in Iskandar Malaysia to the tune of Malaysian Ringgit Fifteen Billion (equivalent to Rupees 18000 Crores) over a period of twelve years. BSEL has collaborated with IRDA to develop Iskandar Malaysia, designed to be Southern Peninsular Malaysia's most developed region
20-May-08-Headlines for the day
Headlines for the day
Corporate News Headline
Ranbaxy Laboratories started operations in Yemen by tying up with a local firm, Pharma to strengthen its presence in the Middle-East. (ET)
Reliance Communications received a Rs. 30 bn loan from China Development Bank to build a nation-wide GSM footprint for the telephony major. (ET)
Tech Mahindra bagged a USD 700 mn contract from British Telecom for transforming and improving its IT estate or infrastructure. (ET)
Economic and Political Headline
The WPI based inflation for the week ended May 3 rose to 7.83% compared to 5.74% during the corresponding week in the previous year as the prices of coffee, maize, fruit and vegetable, cardamom, and spices rose. (BS)
The All-India Consumers Price Index number for agricultural and rural labourers for April 2008 increased six points each to stand at 429 points for both the series. (BS)
The index of leading US economic indicators rose 0.1% in April due to seven consecutive reductions by the Federal Reserve in the benchmark interest rate and its efforts to pump more money into the banking system. (Bloomberg)
Corporate News Headline
Ranbaxy Laboratories started operations in Yemen by tying up with a local firm, Pharma to strengthen its presence in the Middle-East. (ET)
Reliance Communications received a Rs. 30 bn loan from China Development Bank to build a nation-wide GSM footprint for the telephony major. (ET)
Tech Mahindra bagged a USD 700 mn contract from British Telecom for transforming and improving its IT estate or infrastructure. (ET)
Economic and Political Headline
The WPI based inflation for the week ended May 3 rose to 7.83% compared to 5.74% during the corresponding week in the previous year as the prices of coffee, maize, fruit and vegetable, cardamom, and spices rose. (BS)
The All-India Consumers Price Index number for agricultural and rural labourers for April 2008 increased six points each to stand at 429 points for both the series. (BS)
The index of leading US economic indicators rose 0.1% in April due to seven consecutive reductions by the Federal Reserve in the benchmark interest rate and its efforts to pump more money into the banking system. (Bloomberg)
MCX may postpone its IPO
Multi Commodity Exchange (MCX) is still not decided on the public issue following the uncertain conditions prevailing in commodity futures markets in India following the ban on certain commodities. It may postpone the IPO thanks to ban in futures trading in some commodities and the likely introduction of the commodities transaction tax.
MCX had planned to raise Rs 500 crore through the proposed issue.
MCX had planned to raise Rs 500 crore through the proposed issue.