Tuesday, September 1, 2009

NEWS @ 01-09-2009

While I have no price target on the Shanghai index, Xie thinks fair value is closer to 2000 ("or less") - recall we just have "filled the gap" (late May 2009) in yesterday's session to 2667 ...

UBS has a series of Chinese equity-raising deals in the pipeline and expects a strong third quarter despite the recent plunge in the Shanghai stock market, a senior investment banker told Reuters on Tuesday ...

Calling for a bold and clear disinvestment programme to meet the resource gap in the next two fiscals, the Planning Commission said on Tuesday growth in the second and third quarter may not be as good as the ...

Indian exchange head hits at dark pools
The head of the National Stock Exchange of India, the country’s biggest stock exchange by trading volumes, has joined the growing chorus of concern over the proliferation of “dark pools” ...

India's exports declined by 28.4 per cent in July over the same month last year, contracting for the tenth month in a row, as overseas shipments were hit by slowdown in major global markets like the ...

Ramesh Venkat, chief financial officer, told on Tuesday the early repayment would save the mobile operator about 7.5 billion rupees ($153 million) a year on interest costs, and expected it to have a "major positive ...

South Africa's government backs a proposed tie-up between domestic telecom operator MTN Group and Bharti Airtel that could lead to the creation of the world's No. 3 mobile firm ...

The government today said an uniform licence fee would be charged from telecom operators for all types of services from the current variable structure to reduce fee evasion ...

The government on Tuesday filed an application in Supreme Court with regard to the Ambani gas dispute, saying it wishes to clarify that its prayer was not for declaring any private family agreement null and void ...

The Planning Commission on Tuesday called for linking petrol and diesel prices with international markets and made a case for raising gas prices by public sector companies ...

After winning an oil exploration block in 2005, state-run power producer NTPC is gearing up to participate in the eighth round of auction of oil and gas exploration blocks under NELP and is scouting for a partner ...

Indian steel makers are considering a price hike in September after global prices rallied in the past month, and a decision would be taken in a couple of days, industry officials said ...

During the month, the company crossed the 50,000-units mark in cumulative exports this fiscal, with A-Star [ Images ], which was launched in January this year, being the main export driver, including countries ...

Tata Motors, which is reporting a quarterly loss caused by sliding sales at Jaguar and Land Rover, said it planned to raise at least £100m ($163m) of working capital for the two ailing UK car brands ...

Pune businessman Vijay Shirke is said to have bought the most expensive house in Mumbai after paying Rs 1 lakh per sq ft for a 2,400 sq ft flat in Sea Face Park, Bhulabhai Desai Road.

Union Agriculture Minister Sharad Pawar [ Images ] on Tuesday said that the new sugar season will begin with much lower stocks, as the production will be hit by lower sugar recovery from cane after the failure of ...

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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.