Tuesday, March 17, 2009

NEWS @ 17-03-2009

Now that markets have rallied almost 10% worldwide in one week; one question remains: Is it safe to invest in stocks again? ...

With over US$8 trillion committed by the US government and the Federal Reserve in various programs to keep the financial system functioning ...

Vikarm Pandit, the Indian American CEO of Citigroup, received a 2008 compensation valued at $10.8 million, the ailing bank ... 

China consolidated its position as the top creditor to the United States, with USD 739.6 billion in US Treasury bond holdings as of late ...

If you are not familiar with "BRIC" it is a term Goldman Sachs coined early in the decade for the 4 horsemen of growth (B)razil (R)ussia (I)ndia and (C)hina ...

Already witnessing a sharp decline in inflation, India would see deflation or reduction in general price level from next month ...

Banks pay higher advance tax in fourth quarter
Banks have bucked the downturn and paid more by way of advance tax for the fourth quarter of 2008-09. But, reflecting the slowdown, payments by corporate houses have shrunk ...

In spite of falling interest rates, car loans are not going to become easier to come by. This is because banks have made credit appraisal norms more stringent ...

Private sector banks turn focus on SMEs
In the face of the economic slowdown since the last one year, the small and medium enterprises sector has emerged a favourite for private ...

Credit card use drops 8%
Credit controls put in place by card companies in the wake of rising delinquency levels have also meant that spending through credit cards fell ...

Freight rates to rise by $500 from April 1
Ocean freight rates from Indian ports to major European ports are set to rise by $300-500 per twenty equivalent unit (TEU) from April 1 ...

India's IT industry is well-placed to weather the global economic crisis despite decline in exports of such services including computer software for the first time over the years looks inevitable this fiscal ...

Domestic mutual fund house HDFC Mutual Fund has raised its stake in IT services provider Patni Computer Systems to 5.18 per cent ...

Dwindling cane supply has forced 83 percent of the sugar mills in the western state of Maharashtra to close operations and rest are likely to end crushing for the season in two weeks ...

Fewer Indian students want to be doctors because it takes longer to graduate in medicine than in any other subject and entry-level salaries are relatively lower than that for an engineer ...

Drug maker Lupin Ltd sees revenue rising above 20% in 2009-10 aided by growth in the US and India, with core margins expected to top 19.5% on better product realisations, a senior company official said ...

Moody's Investors Service expects for Asia Pacific's exploration and production (E&P), refining and marketing (R&M) ...

Reliance Industries and Essar Oil are keen on buying crude oil from Cairn India's Rajasthan fields even as the petroleum ministry struggles ...

New natural gas supplies from a huge new field have long been expected to hurt India's demand for liquefied natural gas, curbing imports from one of the market's most volatile buyers ...

Oil and Natural Gas Corporation (ONGC) may sell 19 per cent stake in its upcoming Dahej plant to GAIL India Ltd. The Rs 12,440-crore plant is being set up by ONGC Petro-additions Ltd (OPaL) ...

ONGC is likely to suffer a loss of over Rs 3,000 crore during the current fiscal. It suffered a loss of Rs 2,140 crore in 2007-08 for selling natural gas at administered price ...

Tata Power Company, India’s largest private power utility, may be the first firm to divest part of its shareholding in an ultra mega power project (UMPP) to finance capacity additions of 5,660 MW ...

For the quarter ended December 31, 2008, UTV reported 29 per cent growth in net profit at Rs 29.9 crore and 30 per cent growth in revenue at Rs 160.2 crore as compared to the year-ago quarter ...

Gold's recent decline is more likely to prove a correction within a longer-term up move than the beginning of a major bear market ...

For the second month in a row, there would be hardly any gold import in March due to slump in demand following high prices ...

No comments:

Post a Comment

xe.com  Universal Currency Converter ®
Convert this amount
of this type of currency
into this type of currency.

enter any amount

scroll down to see more currencies

scroll down to see more currencies
Universal Currency Converter under license from XE.com. Terms of Use

About Me

DISCLAIMER

All opinions are based on my technical study; however, I do not vouch for the accuracy or the completeness of the matter. I am not liable for any potential damages that may be incurred while acting upon any information mentioned in this report. The views expressed are not of binding nature. The report is intended for a restricted audience & I am not soliciting any action based on it. Please exercise discretion and due diligence in making your decisions. Investments in Capital Markets are not my obligation or guarantee and are subject to investment risks. In no event will I be liable for any damages, including without limitation direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this report or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation even if I am thereof, advised of the possibility of such damages, losses or expenses.