Mumbai, June 25 (PTI) The Shiv Sena today hit out at the Left parties for its opposition to the Indo-US deal and said barring the Left everybody knows that it would benefit India.
"There is no doubt that the Indo-US deal will be in the interest of India. This is a fact which everyone knows except the Left parties." an editorial in the party mouthpiece 'Saamana' said.

NEW$-Crude inventory data & Federal Reserve meeting today.

ONGC

ONGC Board recommends Dividend
Announcement: Oil & Natural Gas Corporation Ltd (ONGC) has informed that the Board of Directors of the Company at its meeting held on June 25, 2008, inter alia, has recommended Final Dividend of 140% (Rs 14/- per share), over and above 180% (Rs 18/- per share) already paid as interim dividend in December, 2007 for the FY 2007-08, subject to approval by the shareholders at the ensuing Annual General Meeting.

Nobel-prize-winning economist Joseph Stiglitz and Linda Bilmes says Indian Govt is doing all wrong things ..... They say Indians have one of the higest savings rate and out of them 95 % saves in bank FDs ..so rise in interest rate will leave more money with them ... Further loan waiver and pay commision hike will lead to more money in hand of masses thus stoking great consumption boom and hence high inflation ... Govt shud cut interest rate and target subisdies to only people below poverty line ...

A crucial UPA-Left meet on Wednesday (June 25) could well be the government's last opportunity to resolve differences with the Left over the Indo-US Nuclear deal. Just ahead of the meeting CPI General Secretary AB Bardhan, told TIMES NOW that the government is safe until 5pm. He added that there is no way the Left can give a green signal to the deal. Meanwhile, the Left continues to tables more conditions in front of the government. Sources said that Left has demanded a written assurance that government will not proceed on Nuke deal after the IAEA talks.

Corporate Tax Collection up 40% (Source: UTV)

Nagarjuna Constructions

Nagarjuna Constructions has bagged a new order worth Rs 333 crore.

Left's New Condition

Now LEFT adding new conditions, they want WRITTEN assurance from CONG on not signing NUCLEAR TREATY. UPA meeting results by 5 PM .. TIMES NOW

Financial markets in Hong Kong are due to reopen for the afternoon session Wednesday, after local officials downgraded the threat level as a tropical storm lashing the city weakened. Trading on the securities and derivatives market was to resume at 2:30 p.m. local time, while a pre-opening session for futures contracts would commence at 2:00. p.m., Hong Kong Exchanges and Clearing Ltd said in a statement.

WASHINGTON — A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.

The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans

Pakistan Stock Exchange

Pakistan Stock Exchange imposed that shares can’t fall more than 1% a day (earlier 5%). But a stock can rise 10% a day (earlier 5%). The impact - Index is rising as bears suffer. Such crazy rules can create long term bull market. .....news..

Mcx Gold

The August contract gold prices were sideways to slight down on previous session and ended at 12345 levels. Market is expected to trade lower and the next immediate support is at previous day's low and breach of the same may see prices testing 12250-12200 levels. The resistances can be seen at 12350 then 12375 levels. We expect gold to trade lower for the day and recommend taking shorts for the day.

Cairn India

CAIRN INDIA TO SPEND $2 BLN IN 18 MONTHS ON LOCAL OPERATIONS

The central bank (BI) is now contemplating how to contain inflation that has jumped after the government raised fuel prices last month.

The most commonly used instrument to contain inflation is increasing interest rates by the central bank. But given that the inflation this time is mostly due to spikes in food and oil prices caused by temporary shocks in supply and speculation, questions arise whether monetary tightening is warranted.

Tightening monetary policy could stoke economic growth, the last thing the country expects in the midst of a global slowdown. The expectation is that prices will soften as supply responds to higher prices and commodity prices drop off their year-on-year comparison.

Food prices account for 40-50 percent of the consumer price index in emerging countr

Spice Communication

buy spice communication @59 open offer will be @96 ...it will be announced within 2 hours

Nucler Deal Postponed...Till 5th July

RBI HIKES CRR BY 50 BPS IN 2 STAGES TO 8.75%..EFFECTIVE FROM 5 LULY &19 JULY..RBI HIKES REPO RATE BY 50 % ALSO.

NEW DELHI, June 24 (Reuters) - This is supposed to be India's century, but the dangers of complacency have been starkly underlined with inflation hitting a 13-year high and stellar economic growth expected to tail off.

India is far from alone in struggling with higher global oil and food prices, but as the stock market crumbles, economists are wondering if some of the shine has not come off the India story, if the miracle was partly a myth

There was a fresh round of selling by European funds in the afternoon today, say dealers, reports CNBC-TV18. There's also lack of conviction to buy among FIIs; the buy:sell ratio is at 1:3, they say. Domestic funds are also not very active at current levels. Selling pressure in midcaps is likely to continue, they say. Dealers expect a short covering recovery in the Nifty before the expiry

Basically FII is short, and it wants to cover the short. As a rule, it has transfer to retail people. It will do that. When it looks like its a deep well ahead, expect FII's short to cover up. It should be the short covering that would save the market now.

ubs selling big time in mkts...

before fed meet For the first time in almost 18 months, IMM currency speculators are placing their bets on a U.S. dollar rally

Pyramid Saimira

Pyramid Saimira plans to raise $75 mn for expansion * Orchid Chemicals gets Canadian nod for combo injection

Higher advance tax payment powers Bhel
Bharat Heavy Electricals rose 2.02% to Rs 1,389.10 at 11:11 IST on BSE on reports it paid 42.8% higher advance tax at Rs 300 crore in the first installment of this financial year over the corresponding period in the previous year.

1-Jul-08 Mkt Close

Please note that July 01, 2008 will be a holiday for the exchange Clearing houses due to RBI Annual closing. The pay-in & pay-out of settlements NSE 2008123 , BSE 0809063 Dated 30-JUN-08 & NSE 2008124 , BSE 0809064 Dated 01-JUL-08 will be settled & held on 03-JUL-08.

So Please Don’t sell any shares which are bought in settlement No, 2008123 / 0809063 ( ie. 30-JUN-08) to 2008124 / 0809064 (i.e. 01-JUL-08). If any delay / technical problem come in the said pay-out from the exchanges, the sold settlements pay-in shares may be auctioned.


Sett No. Trade date Payin / out period
NSE NORMAL - 2008123 30-Jun-08 03-Jul-08
NSE NORMAL - 2008124 01-Jul-08 03-Jul-08
BSE ROLLING MKT- 0809063 30-Jun-08 03-Jul-08
BSE ROLLING MKT- 0809064 01-Jul-08 03-Jul-08

Gail Bonus

1:2 bonus issue fuels GAIL India
GAIL India rose 1.48% to Rs 384 at 10:31 IST on BSE after its board recommended issue of bonus shares in the ratio of one equity share for every two shares held

Mcx Sell

GOLD SELL BELOW 12568 CMP 12602
SILVER SELL BELOW 24550 CMP 24625

Singapore Nifty 23-Jun

Singapore Nifty -58.5 point
42.9700 INR = $

Supports 23-Jun

major supports at 14075 levels on the sensex and 4248 on nifty.

23-Jun Headlines

New listing:
Oswal Spinning & Weaving to resume trading; no circuit filter today
Ex-dividend:
Sundaram Brake (Rs 6/sh)
BSP Withdraws Support From UPA Government; BSP Has 17 MPs In Lok Sabha
FM Urges Oil Producing Nations To Adopt A Price Band Mechanism, OPEC announces 2% hike in production
Fin Secy Says
Inflationary Pressures Will Persist For Next 3 Months
Expect RBI Governor To Take Monetary Policy Action
Dollar-Rupee Situation To Also Impact Inflation For Next 7 Mths

Market 23-Jun

Market May Be Volatile&Open with Down With Nifty 55 to 65 points
Suport:14300
Results:Tatapower,UniBew,CentBank
FII Sold 999Cr.In Cash MF bougt563Cr

News 23-Jun

News
23-June-08

Headlines for the day

Corporate News Headline
RIL would invest USD 215 mn and create over 200 new jobs at a newly acquired polyester plant in the US. (BS)
Reliance
Infrastructure is planning to invest Rs. 280 bn in the next three years
to make acquisitions in India and abroad, including coal mines in
Indonesia. (BS)
BHEL bagged a contract worth USD 428 mn for setting up a 500 MW power project in the eastern state of Jharkhand. (ET)

Economic and Political Headline
The
WPI-based inflation rate soared to 11.05% for the week ended 7 June as
compared to 8.75% in the previous week due to increase in the petroleum
product prices. (BS)
The
RBI governor met the Prime Minister to have discussed steps needed to
be taken to control the prices with inflation shooting to 13-year high
at 11.05%. (BS)
The
Chinese government, which controls domestic fuel prices, raised its
base price for gasoline by 17% and diesel by 18%. (WSJ)

Nifty 23-Jun

NIFTY FUT GOOD ABOVE 4350..NIFTY FUT WEAK BELOW 4280 LEVEL..4280 BELOW WE SEE 4250-4204.

Crude Oil

Crude Oil- Saudi Arabia may raise its oil production beyond a planned 200,000 barrel-a-day increase in July if the oil market requires extra supply. Saudi Arabia is prepared and willing to produce additional barrels of crude above and beyond the 9.7 million barrels per day, which they plan to produce during the month of July, if demand for such quantities materializes and customers needed

Mcx Weekly Calls

Mcx Weekly Reccomendation
23-June-28-June

WEEKLY Recommendation GOLD BUY AT 12346 S/L 12234 TGT 12637 & 12817 SILVER BUY AT 24009 S/L 23731 TGT 24738 & 25188

WEEKLY Recommendation CRUDE/AUG NYMEX SELL AT 136.74 S/L 137.96 TGT 133.57 & 131.60 MCX (JUL) SELL AT 5863 S/L 5914 TGT 5727 & 5643

Mcx 23-28 June

MCX 23-June-28-June

GOLD SPOT LEVEL'S Support:- 889.35/897.15/894.95/889.75 Resistance:- 903.85/906.40/909.25/913.85

GOLD MCX LEVEL'S Support:- 12485/12465/12430/12405/12380 Resistance:- 12570/12600/12630/12650/12730

SILVER MCX LEVEL'S Support:- 2400/24300/24150 Resistance:- 24575/24685/24775/24920

Inflation

Inflation had been high since 18 months but government was declaring figures on the lower side. Inflation is nothing less than 20 to 25% in INDIA as of date

NIFTY Cracked

Now it is foregone conclusion that interest rates are going to go up and corporate profits will decline in several of the coming quarters. In this back ground it is reasonable to assume that NIFTY will sink to a level of 3600 as per the chart This however this can take 3 to 6 months time to find the level of 3600. At that level of 3600 nifty would have retracted 56% from the top 6367. In the past , in bear phase indices have retracted 56%.

Mcx Weekl Rec

WEEKLY recommendation GOLD BUY AT 888.20 S/L 879.90 TGT 909.95 & 923.35 SILVER BUY AT 16.99 S/L 16.76 TGT 17.57 & 17.94

Next Week (weak)

Next week also very volatile,weak world mkt,F&O expiery,Crude oil,Politics issue,Inflation.

21-Jun Mcx Close

21-June-08

SPOT CLOSE RATE:- GOLD-902.25 SILVER-17.41 CRUDE-134.78 INR-42.93 EUR-1.5627 GBP-1.9768 JPY-107.27

End Of Day

It was an extremely disappointing day for the market, as well as the economy. Inflation for week ended June 7 came out at 13-year high of 11.05%, which was much more than expected. Global cues were weak and inflation added more fuel to the fire. Panic selling pulled the key indices to new 2008-lows. Sensex ended at 14,571, down 516 points from the previous close. Nifty shut shop at 4347, down 156 points. CNX Midcap and BSE Smallcap indicies lost 3.4% each. Realty, oil & gas, metal and banking stocks took the worst hit. Reliance Communications, Reliance Industries, JP Associates and Hindalco were among the ones that dragged the Sensex lower. But ONGC and Mahindra & Mahindra were the gainers on the Sensex

U.S. officials say Israel carried out a large military exercise this month that appeared to be a rehearsal for a potential bombing attack on Iran's nuclear facilities, The New York Times reported on Friday.:- Positive for crude and gold.

Israel Exercise Seen Readying Iran Strike, NYT Says June 20 (Bloomberg) -- A military exercise carried out by Israel seems to have been a rehearsal for a bombing attack on Iran's nuclear facilities and long-range conventional missiles, the New York Times reported, citing several unidentified U.S. officials.

Lotus Eye Care Hospital IPO

IPO of Lotus Eye Care Hospital subscribed by 0.99 times at 3 PM on FridayANyone Can STBT Nifty On High TGT 4240 or more

FII Selling Heavly

FIIs have been selling aggressively post noon today, while domestic institutions are on the sidelines
There's complete lack of buying interest. Uncertainity (political crisis) has been discouraging long funds to buy in the market. RBI to check inflation in coming days, therefore sentiment is low towards rate sensitives.

Funnnnn

A boss asked sardar 2 bring 2 corner tickets for a movie to enjoy with his Girl Friend
Sardar Brought 2 corner tickets
A1 and A24....

KGN Fine

222 BROKERS IMPOSED FINE OF 5 LAKHS EACH IN KGN AND 118 BROKERS IN SYLPH 5 LAKHS EACH TOTAL AROUND 17 CRORES

52 week low or near to low in f&O

52 week low or near to low in f&O : abb , air deccan , albk , andhra bk , ansal infra , apil , bajaj hldng , beml , bpcl , brigade , cbi , dlf , gdl , gmr infra , gt offshore , indian hotel , j&k bank , jp assoc , kesoram , ktk bank , nagarjuna const , obc , omaxe , parsvnath , peninsula land , pnb , r power , sobha , tata motors , vijaya bank , wock pharma , wwil .

The U.S. Energy Department in a report on June 10 said China`s oil consumption is expected to rise 440,000 barrels to an average 8.02 million barrels a day this year.

Crude oil prices are expected to trade weak touching the level of USD 131.60. If it breaks this level, it may see the level of USD 125.

Huge selling is witnessed across the board. The market breath is totally negative, out of the total stocks traded at the BSE, around 70% are trading in negative

hmmmmmmmmm

We expect interest rate to go up between 0.5 to 1% after RBI increasing repo rate by 50 bps and CRR hike by 50-75 bps
Impact on Rate sensitive sectors:
(a) Auto: The EMI for 2 wheeler loan may increase by max Rs 50 / month & Cars by Rs 450 / month - impact not very significant
(b) Housing loan: EMI increase may be between 2-5% for the borrowers. Although, impact could be negative on banks and real estate companies, we expect genuine buyers to execute their demand for housing even during such times.

INFLATION 11.05 % out

INFLATION 11.05 %

Reliance Infrastructure

Reliance Infrastructure plans to invest R s30,000 crores in the next 3 years ot expand its engineering and construction business in India and acquire assets in India. The company will borrow as much as 80% of the funds.

Inflation

inflation expected is 9.77%

20-June News

20-June-08
News

Headlines for the day

Corporate News Headline
Reliance Infrastructure is planning to invest USD 7 bn in the next three years to expand its engineering and construction business in India and acquire assets in overseas. (BS)
Tata Steel and Essar Steel are vying for a majority stake in the proposed joint venture of Indonesia´s PT Krakatau Steel to build a 2.5 MT plant. (BS)
Power Finance Corp sanctioned a loan of Rs. 100 bn to NTPC for various projects to be completed in the current 11th Five Year plan. (BS)

Economic and Political Headline
The RBI has delayed the plan to allow trading in credit derivatives as the global financial crisis ensured the collapse of the US subprime-mortgage market. (BS)
The direct tax receipts rose 71.3% in the first two months of the current fiscal year from a year ago, indicating the economy was sustaining its growth pace. (ET)
The UK retail sales rose 3.5% in May due to an increase in the sales of textiles, clothing, and footwear. (WSJ)

19-June Mcx Close

19-June-08
MCX

CLOSING RATE:- CRUDE:-5746,GOLD:-12512,SILVER:-24519,COPPER:-356.45,ZINC:-82.35,NICKEL:-96 0,LEAD:-78.3,NATURAL GAS:-555.2

19-June-08 Report

19-June-08
Intraday Report Card



To view detailed report,
Please Register With Us It's FREE
Contact - helpdesk@moneybazaars.com

NEWS UK Treasury Says Charles Bean New BOE Deputy Governor.

BREAKING NEWS

BREAKING NEWS:::: Former Bear Stearns hedge fund managers surrender to authorities, expected to face charges in subprime case - AP reports.

Cairn India

Cairn India received an exploration license from the Sri Lankan government to explore oil and natural gas in the Mannar Basin

China Down

china down 6.5%

bad news4crude Commodity Alert

bad news4crude Commodity Alert: Royal Dutch Shell has stopped production at its Bonga offshore oilfield in Nigeria, which pumps an average of around 220,000 barrels per day, after an armed attack...market news...

BASF German Firm

BASF German firm said it's going to start a new stock buyback program, saying it will buy up to 3 billion euros ($4.7 billion) of shares through mid-2010. The stock buyback can begin immediately. BASF completed its 3 billion euro share buyback program for 2007 and 2008 ahead of schedule, the Ludwigshafen, German firm said

Stock Market Rule

Stock Market Rule : Jo Dar Gaya Samjo Mar Gaya Aur Jo Nahi Dara Wo To Dafan Hi Ho Gaya

Dow Jones Support

In WALL street Dow jONES Support Today 11960..If Break Today then see Sharp fall till 11800-11750.

Kohinoor Food

SEE KOHINOOR FOOD ITS UP 14 % IN THIS BAD MARKET

Cement

Cement companies based in Gujarat, including Gujarat Ambuja, Binani Industries, Ultratech, Sanghi Cement and Gujarat Siddhee, are understood to have benefited from the move. India exported 3.64 million tones of cement and 2.37 million tones of clinker in 2007-08.

LEFT AND UPA DRAMA AT HIGH LEVELS ANY THING CAN HAPPEN JUST WATCH LATEST STATEMENTS GIVEN BY SITARAM YECHURY SO BE VERY ALLERT MARKETS CAN GO ANY WHERE UP AS WELL AS DOWN ALL DEPENDS ON THESE SELFISH POLITICIANS

Alert

ALERT : Some Bad news expecting in pharma and steel industry.

19-June News

19-June-08
News

Headlines for the day

Corporate News Headline
Tata Communications acquired 50% stake in China Enterprise Communications for an undisclosed amount. (ET)
Sintex Industries acquired Digvijay Communication and Networks through its 74% subsidiary Zeppelin Mobile Systems India in the form of a slump sale deal amounting to Rs. 540 mn. (BS)
Exide Industries acquired 51% in a lead smelter company, Leadage Alloys India Ltd for Rs. 350 mn. (ET)

Economic and Political Headline
The six core infrastructure industries register a growth of 3.6% in April 2008, compared to 5.9% in a year-ago period. (ET)
As inflation has touched 8.75%, the Finance Minister announced that the rate of price rise is high, prompting RBI to tighten money supply. (BS)
Japan and China agreed to jointly develop a disputed natural gas field and cooperate in exploration in the East China Sea. (WSJ)

Kohinoor Food

buy kohinoor food @103 target 200

China and India watch money flood out to America over inflation fears=The world's fund managers are pulling their money out of China and India at a record pace on mounting fears of inflation and are now more pessimistic about global equities than at any time in the past decade.The latest survey of investors by Merrill Lynch shows that Europe has become the most unpopular region, while Britain is still trapped in the doldrums.But the big surprise is the sudden change in view on the emerging powers of Asia, as overheating and spiralling oil costs spoil the boom.India fell to -63 as investors took fright at the country's budget and trade deficits. There is concern over a relapse towards Nehru-era policies after Delhi halted trading in a range of commodity futures and restricted rice

JPT Book Profit

In JPT Securities
Book Full n Final Profit
Call is Close Here
We Bought at 47 CMP 124
BOOK FULL PROFIT

18-Jun-08 Report

18-June-08
Intraday Report Card



To view detailed report,
Please Register With Us It's FREE
Contact - helpdesk@moneybazaars.com

Breaking News

Breaking News: President Bush Urges Several Steps to Increase US Oil Production, Including Lifting Ban on Offshore Oil Drilling.

Breaking News

BREAKING NEWS::::Morgan Stanley's quarterly earnings and revenue decline. Earnings per share top estimates, but revenue falls short. Dow Futures: -120

Hisab Barabar

yesterday closing plus 301 and todays clsoosing minus 301, kehlo india khelooooooooooo..hisab barabar

SRF

SRF BUYBACK OFFER : The maximum Buyback price offers a premium of 15.07% & 15.11% over the closing prices on the BSE & NSE respectively prevailing on the date of the Board Meeting held on April 25, 2008 approving the Buyback. (So max price for buy back is 140 +15 %=161)

Warning

ROYAL BANK OF SCOTLAND HAS ISSUED A NOTE OF WARNING STATING THAT THE GOLBAL EQUITY MARKET MIGHT SEE A BIG CRASH IN COMING DAYS.

Reliance Movies

Steven Spielberg's DreamWorks SKG is close to a $500-600 million deal to form a new movie venture with India's Reliance ADA Group, the Wall Street Journal reported, citing people familiar with the situation.

The deal would give Spielberg the cash to finance DreamWorks' departure from Viacom Inc.'s Paramount Pictures later this year, the newspaper added.

Reliance would get a large stake in the new company. DreamWorks would likely seek another $500 million or so in debt financing elsewhere to give the venture enough money to make about six films a year, the Journal said.

SAIL

Steel Authority of India (SAIL) is reportedly exploring the possiblity of setting up a joint venture with another state-owned firm, Bharat Coking Coal, specifically for the rich Kapuria block in Jharkhand.

ADR 17 June

ADR 17 June: Tata Com (+1.83%), TAMO (+1.83%), ICBK (+1.22%), Stlite (+0.86%), HDFCBk (+0.71%), Wipro (-0.30%), Satyam (-0.45%), Infy (-0.68%), Dr.Reddy (-2.27%).

Reliance Industries and ONGC may resume oil production from PMT fields

18-Jun Mcx Levels

18-Jun Mcx Levels
Support-Resistance

GOLD MCX Support:- 12225/12190/12170/12145 Resistance:- 12315/12340/12385/12415 (ONLY WATCH NO TRADE) TREND- SIDEWAYS

SILVER MCX Support:- 23915/23825/23675 Resistance:- 24250/24400/24550 (ONLY WATCH NO TRADE)

GOLD SPOT Support:- 882.00/879.50/877.00/873.50/869.00 resistance:- 886.00/888.00/891.50/894.00/865.50

USD/INR TRADE DOWN; STOCK CUES AWAITED Range 42.80-42.95

18-Jun News

18-June-08
News

Headlines for the day

Corporate News Headline
RIL
is planning to increase the crude oil imports from Saudi Arabia because
of rising demand for fuels in India and the rest of Asia. (Bloomberg)
BSNL
is planning for a rapid expansion of its telecom network and
connectivity of mobile services in the North-East Circle by providing
more than 2 lakh lines by September. (BS)
Ashok
Leyland made a strategic investment in Germany-based group firm,
Albonair GmbH for development of vehicle emission treatment systems and
products. (BS)

Economic and Political Headline
Making
it easier for urban cooperative banks to extend housing loans, the RBI
has relaxed the risk provisioning norm for purchase of residential
properties up to Rs. 3 mn. (ET)
Indirect
tax collections, barring service tax, grew 12.8% in the first two
months of the current fiscal upto May, helping the government to mop up
Rs. 352.16 bn of revenue as against Rs 312.17 bn during the same period
last year. (BS)
The US producer prices soared 1.4% in May led by a higher energy and food prices. (WSJ)

Mcx Close 17-Jun

Mcx Close 17-Jun
CLOSING RATE:- CRUDE:-5733,GOLD:-12271,SILVER:-24050,COPPER:-344.5,ZINC:-80,NICKEL:-1038,L EAD:-79.75,NATURAL GAS:-551.2

17-Jun-08 Report

17-June-08
Intraday Report Card



To view detailed Report,
Please Register with us
Contact - helpdesk@moneybazaars.com

Reliance Industries Ltd.

Reliance Industries Ltd., India’s biggest company, is increasing crude oil imports from Saudi Arabia as it seeks to secure supplies because of rising demand for fuels in India and the rest of Asia. Reliance, based in Mumbai, is boosting purchases by at least 90,000 barrels a day, accounting for 30 percent of Saudi Arabia’s output increase of 300,000 barrel

Unitech

Unitech bags $700 mn Lehman investment

Advance Tax Figures

Advance Tax Figures: ICICI Bank has paid Rs 340 crore Vs Rs 250 crore a year ago
SBI has paid Rs 663 crore Vs Rs 503 crore a year ago
IDBI Bank has paid mere Rs 10 crore Vs Rs 7 crore a year ago
Reliance Industries paid Rs 340 cr Vs 295 cr a year ago
Bajaj Auto paid Rs 50 cr Vs Rs 60 cr a year ago
HDFC's Advance Tax shot up by 40% to Rs 140 cr Vs Rs 95 cr
Tata Motors paid Rs 30 cr and Ambuja Cement Rs 100 cr
SAIL paid an Advanced Tax of Rs 457 crore against Rs 454 crore year ago

Ipca - Ranbaxy

Ipca - Ranbaxy alliance receive U.S.FDA marketing approval for Metoclopramide Tablets

MCX Calls

GOLD SELL BELOW 12275 CMP 12300
SILVER SELL BELOW 24223 CMP 24301
CRUDE SELL BELOW 5759 CMP 5791

ReList 20-Jun

White Diamond Industries Ltd (Scrip Code: 513713) & Mid India Industries Ltd (Scrip Code: 500277) to Relist on BSE on 20.06.2008.

HFCL

himachal futuristic ..@19.40 will touch 30 within 1 month

Ultratech Cement Ltd

Ultratech Cement Ltd has informed BSE that books of Company will remain closed from July 11, 2008 to July 18, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on July 18, 2008.

Advanced Tax Numbers

Advance tax Numbers Announced HDFC LTD 40% rise to Rs.140 crores SBI 32% rise to Rs 663 crores ICICI Bank 38% rise to Rs. 340 crores IDBI 43% rise to Rs. 10 crores Reliance Industries 15% Bajaj Auto down by 17% to Rs.50 crores

17-Jun-08 News

News
17-Jun-08

Headlines for the day

Corporate News Headline
Reliance Industries is planning to borrow USD 1 bn to fund its expansion projects. (Bloomberg)
Tata
Steel and Rawmet Ferrous Industries entered into an agreement with
Jasper Industries for a Rs. 6.75 bn coal-based power project. (BS)
JSW
Steel formed a joint venture in Georgia to make roads to meet rising
demand for construction steel in Eastern Europe. (Bloomberg)

Economic and Political Headline
The
Finance Minister asked bankers to shed their "conservative" attitude
towards lending to entrepreneurs as he announced a commitment to pump
in nearly Rs. 10 bn additional fund to an initiative to promote the SME
sector. (ET)
On
the issue of tax cut on petro products, the states government asked the
Centre to share 50% of Rs. 80 bn revenue loss caused by tax and duty
reduction on fuels. (ET)
The
annual inflation in the euro zone rose to a high of 3.7% in May due to
a continious increases in food, fuel, and housing prices. (WSJ)

SPOT/open GOLD-882.90 SILVER-17.12 CRUDE-133.97 NOW:- GOLD-884.00 SILVER-17 .14 CRUDE-134.28

Results Today

Results Today: BPCL, Bilpower, Cambridge Solutions, Chettinad Cement, IRB Infra, Jumbo Bag, Sical Logistics, Sri Digvijay Cement, Tantia Constructions, Tata Communications, Wire & Wireless and Zee News.