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Airtel and Research In Motion introduced the highly anticipated BlackBerry® Bold™ smartphone to customers in India. BlackBerry Bold™ would be available by the end of September 2008 at Airtel authorized channels nationally...
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N95 is a worst handset...customer care is pathetic.....
In reply to:
Nokia Nseries launches Nokia N82 in India
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MMB Messenger
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I am fully confident that ICICI Bank having strong Liquidity in hand and well equiped with infrasture to create more liquidity from market. ICICI bank is best bank in INDIA and having great infrasture to meet each and every Circumstances and come bank very aggressively and sharply...
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These rumors are to be ignored by people. they should actually see the script`s potential and the basics of it....
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Two days before UPA chairperson Sonia Gandhi was to perform bhoomi pujan for a rail coach factory in her constituency Rae Bareli, the Mayawati Government on Sunday cancelled the allotment of nearly 190 hectares that it had made for the project just three month ago, saying it wanted to prevent a “Singur-like situation” in Uttar Pradesh. The UP decision, Railways sources said, was a setback since they would now need to look for more contiguous land to set up the factory.
“The chief administrative officer of the project received a communication from the Rae Bareli district authorities stating that the entire process of handing over 189 hectares of land to the Railways stands cancelled,” a top Northern Railway official told The Indian Express.
Railway Ministry officials said land totalling 542 hectares was needed to set up the Rail Coach Factory for the manufacture of 1,000 passenger coaches every year. There were three categories: 281 hectares of private land, 72 hectares of gram sabha land and 189 hectares of government land. While the private and gram sabha owned land had already been earmarked and notified under The Railway (Amendment) Act, 2008, which empowers Railways to acquire land for special railway projects, only the compensation aspect remained.
Rae Bareli Deputy Commissioner Santosh Kumar Srivastava denied any political consideration was behind the decision to cancel the land allotted to Railways. “When we gave them over 450 acres in May, the understanding was that the Railways would buy the remaining 750-odd acres from the villagers first and then begin work on the project. However, villagers complained that without doing so, the Railways were going ahead with the bhoomi poojan on October 14. This went against what had been agreed to. This is why we took the step,” Srivastava said.
I E News --
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As we saw with all major US banks..Everyonr kept thinknig initially that they were rumours. But next they the bank were sold out or filed for bankruptcy.....
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Following is the text of Finance Minister P. Chidambaram`s statement here Monday, minutes ahead of the opening bell for stock markets that sent key indices soaring after the gloom last week: This is a time of uncertainty. Yet, even in a time of uncertainty there are some facts that cannot be - and ought not to be - ignored. The Indian economy continues to grow at a satisfactory rate.
As recently as last week, the IMF`s (International Monetary Fund`s) research department noted that "the Indian economy would continue to do well despite the impact of the global liquidity crunch." As per projections made by the IMF, India is expected to post a GDP (gross domestic product) growth of 7.9 percent during the current fiscal year.
The stock market indices are important indicators, but they are not the only indicators of the health of the Indian economy. The ratio of investment to GDP remains high at over 35 per cent at the end of the first quarter of 2008-09. The monsoon has been normal. The Kharif crop (especially rice and cotton) has been good. Farmers are sowing their fields. And the prospects for the Rabi crop are bright. Factories continue to produce goods and the services sector is growing at a brisk rate. Crude oil and commodity prices have declined sharply. This is expected to have a beneficial effect on inflation.
The root cause of the present uncertainty is liquidity and not any dramatic change in the fundamentals of the economy. According to RBI (Reserve Bank of India) figures, as on Sep 26, non-food credit increased, year-on-year, by 24.8 percent. Between April and Sep 26, non-food credit grew by 7.8 percent. Time and demand deposits with banks grew, year-on-year, by 18.8 percent and, between April and Sep 26 by 7.2 per cent. I am happy that depositors continue to repose their confidence in the health of our banking system.
Nevertheless, liquidity was found to be inadequate and, consequently, lenders were unwilling to take risks. Some lenders and investors faced redemption pressures leading to a sale of assets, especially stocks. The markets that are bearing the brunt of the problem are the capital market and the money market and, to an extent, the foreign exchange market. These problems can be overcome if adequate liquidity is infused into the system.
Accordingly, RBI has taken measures that have infused an additional Rs.60,000 crore (Rs.600 billion) into the financial system. The LAF also provides liquidity and, as on Oct 10, Rs.91,500 crore (Rs.915 billion) had been accessed by banks through the LAF window. We believe that these steps should ease the liquidity situation and the flow of credit should become smoother, relieving the pressures that had built up in the last two weeks.
The government, RBI and SEBI (Securities and Exchange Board of India) have been in close consultation with each other during the weekend. I have spoken to the RBI governor and SEBI chairman several times in the last two days. We are coordinating our actions. We are watching the situation carefully and we will respond swiftly according to the needs of the situation. We are working on more measures that will infuse liquidity, make credit intermediation smoother, and increase the confidence of depositors and investors. We hope to be able to announce them shortly. Our banks are ready and willing to provide credit. Suitable advisories are being issued to the banks.
Over the weekend, the US, UK, Euro zone and Australian authorities have announced a number of measures to stabilize the financial system. The Australian capital market and three of the East Asian capital markets have opened on a bright note this morning. I expect that our capital market will also take its cue from these positive developments.
We must remain confident and respond to the situation in a cool and mature manner. We must banish fear. Especially, depositors have nothing to fear because their deposits in banks are safe. Investors must take informed decisions. Before you sell, you must remember that for every seller there is a buyer. You must ask yourself why the buyer is buying in these times of perceived uncertainty and, therefore, ask yourself the further question whether there is a need to act in haste or in panic. In my view, there is no reason at all to act in haste or to give room for panic.
If all the players in the economy remain confident and take informed decisions, I have no doubt that the Indian economy will weather the current storm and emerge stronger.
If necessary, I shall make a further statement later today.
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Somebody bought 153000 shares of ICSA at Rs. 150. The yearly EPS will be Rs. 80. So you are getting at just above 2 PE. What a bargain price!...
In reply to:
ICSA India allots 2650000 equity shares to the Promoter
Posted by : MMB Messenger
The Board of Directors of ICSA (India) Ltd at their meeting held today have allotted 26,50,000 Equity shares of Rs.2/- each, on exercise of conversion option by the Warrant Holders
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Yes. Spreading rumours about ICICI Bank is wested interest of some quaters. ...
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At last AVIVA has opened its eyes by opening an Indian CEO...
In reply to:
Aviva India appoints TR Ramachandran as new CEO
Posted by : MMB Messenger
Aviva Life Insurance has approached IRDA for necessary approvals, regarding the appointment of TR Ramachandran, as the CEO for its Indian operations. Mr Ramachandran will succeed Bert Paterson, who has led Aviva India since September 2006
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Aviva Life Insurance has approached IRDA for necessary approvals, regarding the appointment of TR Ramachandran, as the CEO for its Indian operations. Mr Ramachandran will succeed Bert Paterson, who has led Aviva India since September 2006...
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India has demanded an immediate stop to diversion of food crops, particularly corn in the United States, for producing biofuels to check a rise in food prices in the short term-ET...
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We may see the levels of 0.5 to .25 rates in the USA, very bad days for them ahead...
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This is festival month, & festival sale are common these days. THIS YEAR THE stock mkt has also come up with their stall. Selling a rainbow of stocks of all hues & shades , like a Asian paints shade card. The prices are very tempting, & all at 75-80% dicounts to their actual prices .
I woder why the stalls are empty,only a yr back we were buying at any price, & today ,the same is untouchable. Nothing has changed on surface , at retail investor level. It`s a international conspiracy being dramatised only & nothing more.
These are the after affects, after every bull halt, in every country, only this time it has been given a secular global touch, making US Subprime the RAVANA of all, turmoil in the mkts.
The way the anylists are predicting doomsday senario, seems reinventig NOAH`S arch or whatever, to save the human race from extintion.
The matter has been overly exagerated, now. This is all about sentiments, sooner than you realise the sentiments will be restored & sanity will prevail. The only thing is the channel , the press & the govt should stop , putting balm over small bruises , which is creating more doubts, than healing.
Nothing is lost , consider this a god sent buying opportuinity of life time.
Message is in good faith for genuine investors.
thank you
rgds
nodi...k
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no profiling:filing in rank,or rank in the filing.called filling the ranks....
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Poll
Udayan's Market Outlook
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Expect a subdued mkt on global cues | |
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| Udayan Mukherjee, Stocks Editor, TV18 | ||
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Popular Boarders 7days| 252 | |
| 166 | |
| 138 | |
| 133 | |
| 102 | |
Top Tracked 7days| 711 | |
| 696 | |
| 572 | |
| 470 | |
| 439 | |
Prolific Boarders 7days| 423 | |
| 411 | |
| 278 | |
| 264 | |