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Moneycontrol >> Messageboard >> General >> Business Talk
   You are here :     Moneycontrol     MMB   General   Business Talk

Business Talk

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07 Oct 2008 10:52

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. ...

07 Oct 2008 10:17

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....

07 Oct 2008 09:57

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--




...

07 Oct 2008 02:20

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.

...

06 Oct 2008 18:29

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.
...

06 Oct 2008 13:17

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.

06 Oct 2008 12:59

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....

06 Oct 2008 11:37

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...

05 Oct 2008 23:14

whether this kind of political ( decision ) precedent to be digested?

no this is not certainly appreciable but instead it should be nibbed in the bud other wise entire society will be put into trouble. just because mamatha wanted to get political mileage crores of rupess and lakhs of rupees and beliefs confidence conscience should not be put at stake and the resistance put up by the mamata must be satisfying someone elseand for cheap political advantage and to get into dirty politics and for extraneous considerations. it is purely politician who politicise the matter and not the businessman; ...

In reply to:

Tata Motors to pull out of Singur: WB govt srcs

Posted by : MMB Messenger

Tata Motors to pull out of Singur, reports CNBC-TV18, quoting sources in the West Bengal government.

04 Oct 2008 10:02

Mamata made 26 days fasting against the aquisition. The CM assured that the land would be aquired only after disscussing with her to stop the fasting. But when she was at nurshing home, Govt aquired the land with the party cadares and police by extreme force (lathis, firing etc.). Every opposition leaders including Medha Patekar was resticted to enter in Singur. Till then agitation was going on with increasing mass support. Even in last Panchayet Election, the ruling party has been washed out in Singur....

In reply to:

Tata ends Singur saga: India Inc reacts

Posted by : amol_k2210

This is a sad day for India. A bunch of politicians decide to wake up for the cause of the farmers after Tata and their ancillaries have poured in 1500 cr. in to the project. What as Mamta doing all this time when the land got alloted to Tata in the first place.

Politics in India sucks..

04 Oct 2008 09:45

Mr Tata refused to coment on prosess of the land aquisition at Singur. But the problem lies there. The land was aquired with police and CPM caders Lathis and firing. Even Medha Patekar resticted to enter in Singur during aquisition (You can get many TV Channel clippings of that time). The CPM led WEST BENGAL GOVT took the project to make double benefit. Although there was a huge vested land in Singur, they only choosed the high productive cultivation land owned by the oppotion supporters. And till now, the agitation was peaseful, but with increasing mass support. Now their demand is to make the original project in that land(600 acers), to return 300 acers to the agitating farmers and make the anciliary project and the housing complex on the above said vested land in SINGUR. ...

In reply to:

Tata Motors to pull out of Singur: WB govt srcs

Posted by : MMB Messenger

Tata Motors to pull out of Singur, reports CNBC-TV18, quoting sources in the West Bengal government.

04 Oct 2008 06:50

This is the wisest decision taken by Ratan Tata as I firmly believe that he would have been blackmailed at a later stage, even if he had decided to set up the plant in West Bengal. Mamata has only carried on the legacy of the former Chief Minister Jyoti Basu who was an architect of destruction of the industrialisation of West Bengal. I would rather prefer to warn the industrial barons who are planning to set up shop in the state....

In reply to:

Tata Motors to pull out of Singur: WB govt srcs

Posted by : MMB Messenger

Tata Motors to pull out of Singur, reports CNBC-TV18, quoting sources in the West Bengal government.

04 Oct 2008 03:02

Really bad for india .. I\\\\`m not saying farmers were wrong or govt was wrong .. I will say its pure politics .. no one was cared about farmers, first govt killed them and then mamta leveraged it to the level where industry itself is closed....

In reply to:

Tata ends Singur saga: India Inc reacts

Posted by : MMB Messenger

It's finally official. Tata Motors' Nano will not roll out of singur. After a one-hour meeting with the West Bengal Chief Minister, Chairman Ratan Tata said a decision had been taken to move the project out of the state. He blamed the decision on the agitation faced by the company in the state, and the threat to employee and vendor safety.

04 Oct 2008 01:34

Boo Hooo to MB and her supporters....In return of the 300 acres of land she has lost a significant oppurtunity to create jobs, improve the economy, move towards industrialization, faith of people to do better as a CM in Bengal, future oppurtunities of any other industry setting foot in West Bengal...and much much more...It is a catastrophe that such leaders are in the power and get elected despite thier senseless behaviour......

In reply to:

Tata Motors to pull out of Singur: WB govt srcs

Posted by : MMB Messenger

Tata Motors to pull out of Singur, reports CNBC-TV18, quoting sources in the West Bengal government.

04 Oct 2008 01:33

Boo Hooo to MB and her supporters....In return of the 300 acres of land she has lost a significant oppurtunity to create jobs, improve the economy, move towards industrialization, faith of people to do better as a CM in Bengal, future oppurtunities of any other industry setting foot in West Bengal...and much much more...It is a catastrophe that such leaders are in the power and get elected despite thier senseless behaviour......

In reply to:

Tata Motors to pull out of Singur: WB govt srcs

Posted by : MMB Messenger

Tata Motors to pull out of Singur, reports CNBC-TV18, quoting sources in the West Bengal government.

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