04-June-09 News Headlines

Corporate News Headline

•HPCL is planning to invest Rs. 6.14 bn in the two sugar mills it had bought in Bihar to manufacture ethanol. (BS)
•Jaihind Projects has received an order of Rs. 2.31 bn and Rs. 148.4 mn from Gujarat State Petronet Ltd. (BS)
•BHEL has bagged Rs. 3.75 bn order from Oman for supplying and erection of two gas turbine generating units of 126 MW each. (BS)


Economic and Political Headline

•As exports dipped by 30% in May -- extending the fall to eighth month in a row -- the government reviewed the grave situation with top exporters promising them incentives. (BS)
•Service industries in the US shrank to 44, at a slower pace in May, while job losses mounted, indicating that any economic recovery will be slow to develop. (Bloomberg)
•The UK service industries from banks to airlines unexpectedly grew 51.7 in May, the first time in a year, adding to evidence the deepest recession in a generation may be past its worst. (Bloomberg)
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3-June-09 News Headlines

Corporate News Headline

•HDIL has entered into a joint venture with Mumbai Metropolitan Region Development Authority for the development of 525 acre of land under rental housing scheme at Virar. (BS)
•Infosys Technologies has incurred a capital expenditure of Rs. 630 mn in its three loss-making subsidiaries in China, Mexico, and the US. (BS)
•SBI is planning to raise Rs. 280 bn from bonds to meet regulatory capital requirement and to fund business growth during the current fiscal. (BS)


Economic and Political Headline

•The Minister for Micro, Small and Medium Enterprises Dinsha Patel said that the government will address the credit needs of the tiny and small firms, while a separate fund for enterprises in the unorganised sector is proposed. (BS)
•The number of Americans signing contracts to buy previously owned homes climbed 6.7% in April, more than forecast and the fourth increase in five months, as lower prices attracted buyers. (Bloomberg)
•The UK mortgage approvals rose 43,201 in April, compared with 40,038 in March, the highest level in a year, underpinning demand for homes as the property-market slump shows signs of easing. (Bloomberg)
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2-June-09 News Headlines

Corporate News Headline

•Maruti Suzuki India reported a 15.75% jump in the total sales in May at 79,872 units as against 69,001 units in the same month last year. (BS)
•Parsvnath Developers is planning to invest Rs. 7 bn to develop a premium luxury housing project at Civil Lines in the national capital and expects a realisation of about Rs. 13 bn in three fiscals. (BS)
•Sun Pharmaceuticals is planning to spend Rs. 3.32 bn in research & development of low-cost version of original drugs to be sold in domestic and global markets. (ET)


Economic and Political Headline

•The global downturn has taken the wind out of the sails of India's exports, which fell the most in 14 years in April, by 33.2%, over the same month last year, while domestic slowdown led to imports dropping by 36.6% in the same period. (BS)
•The US factory index rose to 42.8, the highest level since September, from 40.1 in April, spurred by the first gain in new orders since the recession began, a sign companies are increasingly confident the slump will end this year. (Bloomberg)
•The UK manufacturing index rose to 45.4 from 43.1 in May, more than economists forecast and to the highest in a year, adding to signs that the recession may be past its worst. (Bloomberg)
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1-June-09 News Headlines

Corporate News Headline

•Power Grid Corporation of India has bagged Rs. 10.33 bn worth transmission project from Punjab State Electricity Board. (BS)
•BHEL has signed an MoU worth Rs. Rs 18.5 bn with SAIL for supply of steel materials like flats and long products. (BS)
•Anant Raj Industries is planning to raise Rs. 20 bn by issuing securities, including ADRs and FCCBs, to qualified institutional buyers on a private placement basis. (BS)

  
Economic and Political Headline

•Braving the global recessionary trends, India managed 6.7% economic growth in 2008-09. (BS)
•The UK house prices unexpectedly jumped 1.2% in May, matching the biggest gain since 2006, displaying signs of an easing property market slump. (Bloomberg)
•Japan's consumer prices fell 0.1% for the second month in April, adding to signs that the recession will herald a return to deflation. (Bloomberg)
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29-May-09 News Headlines

Corporate News Headline

•Siemens is planning to invest Rs. 2.75 bn to expand its steam turbine facility at Vadodara. (ET)
•BOC India has decided to invest Rs. 10 bn in enhancing its installed capacity in the next three years. (ET)
•Dewan Housing Finance Corporation is planning to issue non-convertible debentures worth up to Rs. 10 bn in July to meet its credit disbursal targets for the current financial year. (BS)


Economic and Political Headline

•The Prime Minister Manmohan Singh indicated that the full Budget for 2009-10 may announce a disinvestment of government stake in public sector companies. (ET)
•Inflation remained unchanged at 0.61% for the week ended May 16 in comparison to the previous week. (BS)
•General Motors Corp. is planning to file for bankruptcy protection on June 1 and sell most of its assets to a new company. (Bloomberg)
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28-May-09 News Headlines

Corporate News Headline
•BHEL reported Q4'09 result, net sales increased 35.4% yoy to Rs. 162.34 bn, and net profit rose 21.35% yoy to Rs. 13.47 bn. (BS)
•IVRCL Infrastructure & Projects has bagged Rs. 3 bn order, awarded by the Government of Bihar, Public Health Engineering Department. (BS)
•Simplex Projects has got a project from the PWD Department, government of Tripura for construction of bridges over rivers under different packages for Rs. 1.13 bn. (BS)


Economic and Political Headline

•The Finance Minister Pranab Mukherjee said that the government would continue to rely on market borrowings to spur economic growth and restore the growth momentum witnessed earlier. (BS)
•Concerned over high credit cost and availability of funds, the Finance Minister Pranab Mukherjee said that he would ask banks for a "benign plan of action" while committing to stimulate economic growth by stepping up public expenditure and speeding up reforms.(BS)
•Home resales in the US rose 2.9% to an annual rate of 4.68 million in April, the second time in three months, as foreclosure auctions and cheaper prices spurred bargain hunters, buttressing the case for an end to the industry's slump this year. (Bloomberg)
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27-May-09 News Headlines

Corporate News Headline

•Tata Communications reported Q4'09 result, net revenue increased 3.67% yoy to Rs. 8.87 bn, and net profit rose five-fold yoy to Rs. 3.02 bn. (BS)
•SAIL, NMDC, and RINL are planning to infuse Rs. 130 bn this fiscal as part of their programme to expand production capacities to about 35 MT in the next two-three years. (BS)
•Unitech has sold a hotel in Gurgaon for Rs. 2 bn and is close to selling another hospitality project by June-end for a similar amount, as part of its exercise to raise funds for reducing debt. (BS)


Economic and Political Headline

•Promising all "appropriate measures" for the economy, the Finance Minister Pranab Mukherjee said that the government would take a fresh look at fiscal deficit as it has crossed the previously self-imposed ceiling. (BS)
•The confidence among the US consumers jumped to 54.9 in May, the most in six years, fueling speculation the economy will recover later this year. (Bloomberg)
•European industrial orders declined 26.9% from a year earlier in March as the worst recession in more than six decades curtailed global demand for machines and equipment. (Bloomberg)
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25-May-09 News Headlines

Corporate News Headline
•ITC reported Q4'09 result, net income dipped 2.84% yoy to Rs. 39.27 bn, but net profit rose of 9.97% yoy to Rs. 8.09 bn. (BS)
•NTPC reported Q4'09 result, net sales increased 6.54% yoy to Rs. 114.45 bn, and net profit rose of 57.77% yoy to Rs. 21.13 bn. (BS)
•Era Infra Engineering bagged an order worth Rs. 1.17 bn from Aravali Power Company for developing a permanent township at the Indira Gandhi Super Thermal Power Project in Haryana. (BS)


Economic and Political Headline

•The RBI said that the new UPA government, which is slated present the Budget some time in July, should resist pressure for another stimulus as sustained economic recovery would require fiscal consolidation in medium term. (ET)
•Treasury Secretary Timothy Geithner called for major changes in compensation practices at financial companies and said the Obama administration's plan to help realign pay with performance will be rolled out by mid-June. (Bloomberg)
•The UK's Gross domestic product dropped 1.9% in the period, the most since 1979, as consumer spending slumped the most since 1980 and companies ran down inventories at a record pace in the first quarter. (Bloomberg)
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Ministers of India after Election 09

Shri Pranab Mukherjee : Minister of Finance
>Shri Sharad Pawar : Minister of Agriculture
Minister of Food & Civil Supplies
Minister of Consumer Affairs & Public Distribution
>Shri A. K. Antony : Minister of Defence
>Shri P. Chidambaram : Minister of Home Affairs
>Kum. Mamata Banerjee : Minister of Railways
>Shri S. M. Krishna : Minister of External Affairs
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22-May-09 News Headlines

Corporate News Headline
•Bajaj Auto reported Q4'09 result, total income dipped 2.51% yoy to Rs. 88.14 bn, and net profit declined of 28.52% yoy to Rs. 5.35 bn. (BS)
•Reliance Power is planning to invest over Rs. 120 bn for executing 2,520-MW hydro power projects in Arunachal Pradesh, to be commissioned in the next Five Year Plan. (BS)
•Areva T&D India has secured Rs. 1.1 bn contract to set up a 400 kilo-volt sub-station in Kharagpur from the West Bengal State Electricity Transmission Company Limited. (BS)


Economic and Political Headline

•Driven by the rising prices of essential food items like cereals, tea, spices and fruit and vegetables, inflation inched up to 0.61% for the week ended May 9. (BS)
•The US Conference Board's leading economic gauge increased 1% in April, more than forecast and a manufacturing gauge improved in signs the deepest recession in five decades could end later this year. (Bloomberg)
•Treasury Secretary Timothy Geithner said the Obama administration is committed to reducing the federal budget deficit to 3% of the GDP after concerns rose that the US debt rating may eventually be threatened with a downgrade. (Bloomberg)
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Inflation for the week

INFLATION 0.61%
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21-May-09 News Headlines

Corporate News Headline

•PNB reported Q4'09 result on standalone basis, total income went up 38% yoy to Rs. 60.98 bn, and net profit rose of 59% yoy to Rs. 8.65 bn. (BS)
•RIL has got the government go-ahead to sign agreements with firms supplying the much-needed gas to households and car owners in major cities. (BS)
•Tata Motors, which needs to refinance early next month a bridge loan worth USD 2 bn taken for purchase of Jaguar and Land Rover, is planning to raise Rs. 42 bn worth of fresh debt. (BS)


Economic and Political Headline

•World steel psroduction fell nearly 24% in April, reflecting the recessionary pressure in the West, but India bucked the trend recording about 3% growth in output of the key industrial intermediary. (BS)
•Treasury Secretary Timothy Geithner said he's inclined to "quickly" sell warrants the government got when injecting capital into banks, offering prospects of a speedy exit to lenders seeking to retire government stakes. (Bloomberg)
•Japanese economy shrank at a staggering pace of 4% in the first three months of 2009, as the country continues to experience the jitters of the global financial turmoil. (BS)
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20-May-09 Settlement Prices

Today's Settlement Prices :: Gold 14333 :: Silver 22267 :: Copper 221.65 :: Lead 69.10 :: Nickel 594 :: Zinc 70.50 :: Crude Oil 2932 :: Natural Gas 193.40 :: CPO 381.20 :: HO 73.15 :: SO 501.55 :: INR 47.48
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Us & Asia flat

Dow & Nasdaq is down flat
Asian market also flat
Sgx nifty down by 66 points trading at 4250
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Sgx Nifty Updates

Singapore Sgx Nfity trading at 4250
Down by 66 points
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20-May-09 News Headlines

Corporate News Headline

•L&T has bagged three orders worth Rs. 5.18 bn for execution of power transmission and infrastructure related projects in Oman. (BS)
•Unitech are looking to raise their stake by about 10% in the company by subscribing to warrants worth about Rs. 10 bn over the next 18 months. (BS)
•Dr Reddy's Laboratories is planning to invest about Rs. 7.5 bn in setting up two special economic zones- one in Visakhapatnam and another in Hyderabad. (BS)


Economic and Political Headline

•Indian Prime Minister-elect Manmohan Singh vowed to revive growth and spread the benefits of economic expansion that swept his coalition back to power with a decisive mandate in a general election. (BS)
•Builders broke ground on the fewest homes in the US on record in April as a 13% plunge to an annual rate of 458,000 in condominiums and apartment buildings overwhelmed the second straight gain in starts on single-family dwellings. (Bloomberg)
•The UK consumer prices rose 2.3% from a year earlier in April, which is to the weakest level in 15 months as the recession undermined price pressures in the economy. (Bloomberg)
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19-May-09 News Headlines

Corporate News Headline

•Dr. Reddy reported Q4'09 results, total income increased 12.36% yoy to Rs. 11.66 bn, but net profit declined 3.76% yoy to Rs. 1.56 bn. (BS)
•Apollo Tyres has concluded acquisition of Dutch company Vredestein Banden B.V. through a special purpose vehicle. (BS)
•Gujarat NRE Coke is planning to ramp up production in its two Australian coking coal mines from 0.8 MT in 2008-09 to 2 MT this fiscal. (ET)


Economic and Political Headline

•The Former Commerce Minister Kamal Nath has said that he was optimistic about the GDP growth rate of 8% for this fiscal year. (BS)
•The confidence among the US homebuilders in May increased to 16 from 14 the prior month, the highest level since September, providing further evidence that the housing slump that started in 2006, may be closer to a floor. (Bloomberg)
•Treasury Secretary Timothy Geithner ruled out setting specific limits for compensation as the Obama administration considers proposals to better align executives' pay with companies' long-term performance. (Bloomberg)
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18-May-09 News Headlines

Corporate News Headline

•GTL has won a Rs. 3.24 bn order from Maharashtra State Electricity Distribution. (BS)
•Ahluwalia Contracts India has bagged a contract worth Rs. 2.19 bn from National Building Construction. (BS)
•MTNL has earmarked Rs. 17.25 bn capital expenditure plan for the current fiscal. (BS)


Economic and Political Headline

•Riding on a strong performance in game-changing states, the Congress powered the UPA for another term in office with the coalition close to majority in the Lok Sabha without the need for allies like the Left parties. (BS)
•Industrial production in the US contracted 0.5% in April, the least since October and New York's manufacturing slump eased further in May, signaling the recession's grip is loosening. (Bloomberg)
•Europe's economy contracted 2.5% from the fourth quarter, at the fastest pace in at least 13 years in the first quarter as companies cut output and jobs to survive the worst global slump in more than six decades. (Bloomberg)
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15-May-09 Settlemet Prices

Today's Settlement Prices :: Gold 14829 :: Silver 22714 :: Copper 221.70 :: Lead 72.60 :: Nickel 610.10 :: Zinc 72.65 :: Crude Oil 2812 :: Natural Gas 205.20 :: CPO 396.70 :: HO 70.55 :: SO 506.10 :: INR 49.30 & Next Crude Oil 2853
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15-May-09 Performance Sheet

Today Performance
-Tisco Fut bough at 269 high made 275.8 lot size 1525 profit atleast 7500
-Maruti Fut bought at opening 848 high 859 lot size 800 profit atleast 8000
-Rel Capital Fut bought at 581 high made 600 lot size 552 profit atleast 8500
-3i Info Buy in cash at 61 high made of 63.20 profit atleast 2000 with 1000 qty
-No BTST or STBT Position
-So todays total profit atleast 26,000 in a day (with fee as little as 1000)
Those who book profit early then also profit of 12,000 atleast (base on our client reports)
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