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Jubilant Organosys and Eli Lilly have agreed to forge a 50:50 joint venture for early stage drug development. The JV will be investing USD 8 million over three years and the research and development centre will be based in Bangalore. ...
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US dollar is at Rs 48; new hedge contracts of IT companies are being done at these levels....
In reply to:
IT cos may report sequential topline growth in Q2
Posted by :
IT_Bulls
One can buy IT stocks like TCS and Infy - these cash rich companies are multi baggers now. 
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One can buy IT stocks like TCS and Infy - these cash rich companies are multi baggers now....
In reply to:
IT cos may report sequential topline growth in Q2
Posted by : Guest
I dont see anything beyond speculation in IT stocks from past 10 years. I think bubbles yet to be burst. US orders slowing down & would see reversal of trend like from outsourcing to insourcing, well not just call centers but I think IT solutions might take big hit of that wave in US.
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This is the best time to buy as much of TCS and Infy shares....
In reply to:
Narendra Modi-Ratan Tata to jointly address media today
Posted by : MMB Messenger
The Chief Minister of Gujarat Narendra Modi and Tata Motors Chairman Ratan Tata will hold a joint press conference at 5.30 pm today to announce the new Nano plant site, reports CNBC-TV18.
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The Chief Minister of Gujarat Narendra Modi and Tata Motors Chairman Ratan Tata will hold a joint press conference at 5.30 pm today to announce the new Nano plant site, reports CNBC-TV18.
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I dont see anything beyond speculation in IT stocks from past 10 years. I think bubbles yet to be burst. US orders slowing down & would see reversal of trend like from outsourcing to insourcing, well not just call centers but I think IT solutions might take big hit of that wave in US....
In reply to:
IT cos may report sequential topline growth in Q2
Posted by : MMB Messenger
The Street expects the frontline Indian IT companies to post a sequential topline growth ranging between 5.5-9.5 per cent in the second quarter ended September 2008, aided by a sharp depreciation of the rupee against the greenback.
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I dont see anything beyond speculation in IT stocks from past 10 years. I think bubbles yet to be burst. US orders slowing down & would be reversal of trend like from outsourcing to insourcing, well not just call centers but I think IT solutions might take big hit of that wave in US....
In reply to:
IT cos may report sequential topline growth in Q2
Posted by : MMB Messenger
The Street expects the frontline Indian IT companies to post a sequential topline growth ranging between 5.5-9.5 per cent in the second quarter ended September 2008, aided by a sharp depreciation of the rupee against the greenback.
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The Street expects the frontline Indian IT companies to post a sequential topline growth ranging between 5.5-9.5 per cent in the second quarter ended September 2008, aided by a sharp depreciation of the rupee against the greenback. ...
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In todays market scenario what makes more sense : to be a long term investor or short term trader ? Source : www.tradingcalls.in
I think it depends on ones appetite. Normal portfolio should be 40% long term, 20% short term and balance 40% in liquid cash....
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Global Stock Market Index --
DOW JONES INDUSTR
9955.50 -369.88 (-3.58%)
S&P 500 INDEX.RTH
1056.89 -42.34 (-3.85%)
NASDAQ COMPOSITE
1862.96 -84.43 (-4.34%)
S&P/TSX COMPOSITE
10230.43 -572.92 (-5.30%)
MERVAL BUENOS AIR
1423.35 -89.36 (-5.91%)
IBOVESPA SAO PAUL
42100.79 -2416.51 (-5.43%)
SANTIAGO IND IPSA
2450.50 -157.12 (-6.03%)
IPC
21749.13 -1240.37 (-5.40%)
FTSE 100
4589.19 -281.15 (-5.77%)
ISEQ - 20 PRICE
535.40 -62.01 (-10.38%)
CAC 40
3711.98 +0.00 (+0.00%)
DAX
5387.01 -410.02 (-7.07%)
IGBM
1152.22 -72.68 (-5.93%)
MIBTEL
17976.00 -1615.00 (-8.24%)
AEX
312.56 -31.46 (-9.14%)
SMI
6458.72 -421.10 (-6.12%)
PSI 20
6954.87 -760.65 (-9.86%)
EURONEXT BEL-20
2567.59 -189.42 (-6.87%)
ISEQ-OVERALL PRIC
3552.90 -390.76 (-9.91%)
ATX
2585.13 -231.42 (-8.22%)
DJ EURO STOXX 50
2868.97 -244.85 (-7.86%)
BSE SENSEX
11801.70 +0.00 (+0.00%)
S&P CNX NIFTY
3602.35 +0.00 (+0.00%)
SSE COMPOSITE IND
2137.74 -36.00 (-1.66%)
COMPOSITE INDEX
1643.83 -4.91 (-0.30%)
COMPOSITE INDEX
996.84 -19.86 (-1.95%)
NIKKEI 225
10341.33 -131.76 (-1.26%)
STI
2220.76 +52.44 (+2.42%)
KOSPI COMPOSITE I
1366.63 +7.88 (+0.58%)
TSEC WEIGHTED IND
5535.75 +30.05 (+0.55%)
HANG SENG INDEX
16803.76 -878.64 (-4.97%)
PSEI
2424.19 -75.34 (-3.01%)
COLOMBO IND ALL S
2155.19 -0.34 (-0.02%)
TEL-AV TASE-100 I
684.79 -22.24 (-3.15%)
ALL ORDINARIES
4607.60 +62.90 (+1.38%)
NZX 50 INDEX GROS
3004.19 -44.19 (-1.45%)
-courtesy B N India--
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the jilted banking concern made it official today. Citi filed suit against WB, WFC, and the directors of the 2 companies, and is seeking more than $20 billion in compensatory damages and more than $40 billion in punitive damages from Wells Fargo for the interference (I guess that`s one way to shore up your balance sheet). The WFC deal for WB, which valued Wachovia at roughly $7 per share, was cleared by a judge over the weekend. The judge vacated an earlier ruling which barred the merger, citing Citi`s contract with Wachovia and the exclusivity clause that forbid WB from dealing with anyone else.
"This was always a deal Citi wanted rather than one we needed....The Citi/Wachovia transaction would have been signed and announced on Friday, October 3, if it had not been subverted by the unlawful conduct of Wachovia, Wells Fargo, and their officers and directors and outside advisors," said Citi in a statement.
In related news, WFC was upgraded to "market perform" at both Keefe Bruyette and Friedman Billings, while RBC Capital Markets reiterated its "outperform" rating and Argus cut the shares to "hold." Looking at data from Zacks.com, there is more room for upgrades than downgrades, however, as just 4 analysts rate the shares a "buy," while 12 rate WFC a "hold" or worse.
Technically, today`s near-6% pullback in the stock has placed WFC near long-term support at the 32 level. The shares are also sitting on a year-to-date gain of more than 14%, outperforming its peers in the Select Sector Financial SPDR (XLF), which has lost more than 35% during this time frame.
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GurukulOnline Learning Solutions (GOLS), the pioneer and innovator of eLearning in India became the first company in the country to offer online training for Certified Financial PlannerCM (CFPCM) certification. As an accredited education provider of Financial Planning Standards Board, India, GurukulOnline will offer the CFPCM certification course at an introductory price of Rs. 20,000. Any graduate can apply for this online certification course, which is awarded in India by Financial Planning Standards Board, India, the only licensing authority of the CFPCM mark in the country.
“Financial planners are most sought in a population that earns well and needs expert handling of finances. Once certified, the person must then fulfill a continuing education requirement annually, by upgrading his knowledge on the current planning strategies and financial trends,” says Mr. Ranjeet Mudholkar, CEO, Financial Planning and Standards Board (FPSB) of India.
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RIL should honour the committment made to RNRL at the time of division of businesses during their family settlement. RIL should infact be charged for reneging on the agreement and the HC should rule accordingly without any further adjournments afterall it affects the shareholders of RNRL immensely...
In reply to:
Industry body can resolve RIL-RNRL tussle: Bombay HC
Posted by : MMB Messenger
On the RIL-RNRL KG basin gas tussle, the RIL counsel said that since the suit is on the Memorandum of Understanding (MoU), it had to be placed before the Court to be pleaded.
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On the RIL-RNRL KG basin gas tussle, the RIL counsel said that since the suit is on the Memorandum of Understanding (MoU), it had to be placed before the Court to be pleaded....
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With financial institutions falling prey one after another to the global credit crisis, the bailout packages announced by various governments across the globe are inching towards two trillion-dollar mark -- an amount nearly double the size of Indian economy.
With the US Congress giving nod to $ 700-billion aid for troubled financial institutions in the country, the US government alone has announced a total package worth about $990 billion.
Besides, a handful of European countries have already announced packages worth a similar amount in efforts to save their troubled financial entities.
There are expectations for more such instances of helping hands coming from the governments in Europe as the crisis is said to be fast spreading in the region after a full-blown blast in the US.
However, nothing of this sort is expected in India as the country and its financial institutions have remained mostly insulated from any direct impact of the crisis.
Still, the collective bailout packages in the US and Europe, currently at about $1.8 trillion, could soon be double the size of one trillion-dollar Indian economy.
India\`s GDP is estimated at Rs 46,93,602 crore for the latest fiscal 2007-08, which stands at just over $one trillion based on the current exchange rate of about Rs 46.8 to a dollar.
From America to Europe, the deepening financial turmoil has seen the fall of big names, especially in the banking industry, such as the bankruptcy of Lehman Brothers, firesale of Merrill Lynch to Bank of America and the extension of $ 85 billion lifeline to AIG.
-PTI/ BS...
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