Barclays and Royal Bank of Scotland (RBS) are in talks with European banks and the government for around USD 79 billion funding, reports CNBC-TV18, quoting reports. RBS CEO Fred Goodwin declined to comment on Government recapitalization, reports CNBC....

Idea Cellular Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 20, 2008, inter alia, to consider and take on record the Un-audited Financial Results for the second quarter and half year ended September 30, 2008 (Q2)....

Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 07, 2008, in connection to the above buyback are: 1) Date of Buyback: October 07, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 39,000; 4) No. of equity shares bought back on NSE: 81,000; 5) Total no. of equity shares bought back: 1,20,000; 6) Average Price of Acquisition (Rs.): 105.04; 7) Cumulative Equity Shares bought as on October 06, 2008: 672,813; 8) Quantity Closed Out on October 07, 2008 - Nil; 9) Quantity Closed out as on October 06, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 07, 2008: 792813....

Mangalam Drugs And Organics Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Company held on September 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

Gvk Power & Infrastructure Limited had informed the Exchange that the Company has divested its entire equity holding in GVK Aviation Private Limited, a wholly owned subsidiary of the Company, which is engaged in the business of aviation, owning and chartering of private aircrafts and helicopters. The Company has now informed the Exchange that: "We understand that the above disclosure is being wrongly perceived as divestment of equity by GVK in Mumbai International Airport Private Limited, a SPV formed for operating, managing and developing the Chhatrapati Shivaji International Airport, Mumbai. In this regard, we wish to clarify and confirm that GVK continues to hold 37% equity in Mumbai International Airport Private Limited. This clarification is being issued in the interest of all the stakeholders of the Company"....

State Bank of India (SBI) has informed BSE that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. Rajiv Kumar as part-time non-official director on the Central Board of Directors of State Bank of India for a period of three years with effect from September 08, 2008 or until further orders, whichever is earlier....

ICRA Ltd has informed BSE regarding a Press Release titled "ICRA in MoU with Karnataka Bank Ltd to rate Bank Loans under RBIs New Capital Adequacy Framework for Basel-II"...

Bear markets can be classified in two terms broadly one is time based correction (sustains more than 18 months) and the other one is value based correction (slips nearly 50% from its peak). We are almost reached the value based correction at this point of time but we are just 9 months old that’s key point we should have to consider. Of course we can get some cues from the history but I will not rely on them for to evaluate as ideal examples because we should evaluate the current conditions (like micro and macros) then only we can come to the right decision. So, our micro and macro picture is not good. Still we are trading at high price multiples when compared to the global emerging markets, We are facing the so many problems right now like 1. Global financial crisis 2. Huge liquidity crunch globally 3. Huge unwinding by FIIs, selling on every opportunity. 4. We are at higher inflation levels 5. We are at higher interest rate regime 6. Recent cuts in GDP growth rates 7. Poor IIP numbers 8. Margins shrinking in Q1FY09 and will slip further in Q2 9. Still our nifty trading at 18 PE 10. We are in an election year 11. Huge current fiscal deficit due to various subsidies 12. DIIs (MFs) are net sellers in the recent month In my view, it is more than a BEAR MARKET it is the CRISIS. So, we can’t compare it with the bear markets of the past we have to compare it with the Previous CRISES. So and so many, all will indicate us that ‘we are not out of wounds’ and ‘worst is behind us’. BE CAUTIOUS. With thanks Be and make ...

about what......, did they have coffee in the meeting with SAMOSA and snacks.., ...

3250 is Very Stong base level...beyond this 2550...That most probably is the end to the Bear ...

gov.has been baned smoking in public places!! will itc equity market will move?...

As our policy makers keep coming in and take prudent actions from time to time which are in the interest of the markets as done now by the RBI and SEBI....

mkt would rise after reaching 10k...

from 6300 it came to 3600 why u r draging it down...