Monday, January 31, 2011

Market Report



Indian ADRs lose $23bn in m-cap in January
Engineering exports up 50% in December
MindTree Exec Chairman resigns; to start new venture
Crompton Greaves Q3FY11: Net profit jumps by 30% y-o-y
ONGC Q3 net jumps on oil prices
Heranba Finvest buys 4.99 Lk shares of Splash Media
JP Associates Q3 net profit up at Rs 232.7 cr
Sicom sells 85 Lk shares of Shree Ashtavinayak Cine
Aap Investments buys 5 Lk shares of Prism Info
Goldman Sachs buys 7.15 Lk shares of Vikas WSP
GVK Power submits $2 bn bid for Hancock Coal's mine: Report
Maruti Q3 net down 17.80% at Rs 565.17 cr, lags forecast
LT and Kobe Steel Ink JV
Accel Frontline posts Revenue growth of 36% for Q3
IDBI Bank's Q3 2011 net up 58% to Rs 454 crore

Friday, January 28, 2011

Market Report



Nifty ends below 200 DMA on expiry; all sectors dip

Emami Q3 net rises 9 pct, plans 3-4 pct price hike
Vedanta Q3 earnings jumps 35%; zinc output up
UTV Software Q3 net rises on gaming, television
Granules India Q3 net profit at Rs 5.6 cr
RIL arm inks JV with ILFS for Haryana township
NHPC slips 3.3% on poor Q3 numbers
Bhagyanagar India approves buyback of equity shares
Cummins India sells stake in Cummins Exhaust India
3i Group takes minority stake in Kotak PEbacked BVG India
Dalmia Bharat Q3 net profit at Rs 11.7 cr
Thermax Q3 net profit up at Rs 100 cr
JSW Steel Oct-Dec net drops on higher production cost
SpiceJet Oct-Dec net down 14 pct; shares drag
Tata Hispano wins order of 500 buses from Spain’s Avanza Group
Reliance Infrastructure commissions 116km Solapur–Karad transmission line
Kale Consultants net profit up 19% to Rs6.69 crore
IDBI Bank’s Q3 net up 58% to Rs454 crore
HDFC Bank Q3 net up 33% to Rs1,088 crore
Cummins India selling exhaust business to Global Tube
Tata Teleservices (Maha) Q3 net loss at Rs 79.6 cr
FDC Q3 net profit up at Rs 32.1 cr
Tata Comm, Westin Tokyo launches Japan's first Telepresence Technology
Lippo, HCL Tech signs MOU in presence of Indonesian President
Sundaram Brake Linings commences commercial production near Chennai
Sterlite Tech to develop first privately owned 765kV transmission system
Sobha Developers turns into Rs 1000 crore brand in residential space
Midvalley Entertainment ends 17% lower on debut
Omkar Speciality Chemicals IPO subscribed 4 times
Parshwanath Housing Finance Corp name changed to Parshwanath Corp
NTPC, NPCIL joint venture under the name Anushakti Vidhyut Nigam
Mahindra Genio, pick-up truck launched at Rs 4.99 lakh
Marico Q3 net beats forecast; plans price hike
Tata Chem lines up $100 mln capex for soda ash
Mercator Lines subsidiary enters into agreement to sell its 350 feet jackup Rig

Tuesday, January 25, 2011

Market Report


SBI stock surges 3.6% on smart Q3 result
Geometric Q3 rev jumps on strong engg services
Restructuring module splits L&T into nine firms
Deccan Chronicle to merge with Deccan Chargers, Odyssey
Godrej Inds Q3 net jumps 39 pct boosted by chem biz
JSPL Q3 cons net profit up 8.81% at Rs 951 cr
Amara Raja Batteries Q3 net profit at Rs 39.7 cr
Sobha Developers Q3 net profit at Rs 49 cr
Birla Corp Q3 net profit dn at Rs 69.6 cr
Welspun Projects Q3 net loss at Rs 4.2 cr
Idea Cellular Q3 cons net profit 35% at Rs 243 cr
Asian Paints Q3 net up 15.61% to Rs206.60 crore
Union Bank Q3 net up by 8.5% to Rs579.6 crore
Shoppers Stop Q3 net profit rises 45% to Rs27.9 crore
3i Infotech Q3 cons PAT at up Rs 64.3 cr
Torrent Power Q3 net profit down at Rs 199 cr
Sesa Goa Q3 cons net profit up at Rs 1,065 cr
Karnataka Bank Q3 net profit up at Rs 38.7 cr
Tata Steel sets FPO price at Rs 610/sh
Online store Inkfruit raises $3 mn from SAIF Partners
Pvp Ventures allots 1.34 crore equity shares
Indo Asian Finance approves rights issue
Cura Technologies allots 3 lakh shares on convertible warrants basis
Ispat Industries allots 1 crore equity shares to JSW Steel on pref basis 
SKS Microfince Q3 net profit down at Rs 34.2 cr
Supreme Infra bags road BOT order from NHAI
Welspun Corp Q3 net profit down at Rs 146 cr
LT Infotech to implement billing solution for Saudi Electricity Co.
Ester Industries Doubles BOPET Film Capacity to 60,000 MTPA
LT to restructure business into 9 verticals
Mahindra buys stake in The East India Co
Manappuram General Q3 PAT up 23% at Rs 74.53 cr

Friday, January 21, 2011

Market Report


C Mahendra Exports closes with 1.5% premium Day 1
Tata Steel FPO subscribed just 0.2 times on Day1
SEBI nods to Karnataka Bank rights issue
SRF Q3 net profit up at Rs 171 cr
Hyundai WIA to begin India operations with Tamil Nadu plant
Blackberry Partners fund to launch in India: Report
Strides Arcolab Forges JV With Brazilian Firm
InfoEdge Q3 Net grows 40% at Rs 22cr
Kotak Mahindra Bank Q3 profit rises 15.74% to Rs383.56
TVS Motor Q3 net up 137% at Rs55 crore
TTK Prestige plans to invest Rs250 crore in kitchenware
McNally Bharat Engg bags order of Rs 108 cr
Mah Satyam in talks to settle US lawsuits out of court
Yes Bank Q3 net rises but margins squeeze
Piramal Glass Q3 net profit rises to Rs18.61 crore
Biocon Q3 net up 24.55% to Rs100.75 crore
HCL Info gets multi-cr rupee order from Assam
Punj Lloyd wins 3 oil gas contracts of Rs 645 cr
Ester Industries installs BOPET film plant of 30,000 MTPA capacity
REC raises $500 mn via overseas bond issue
Kirloskar Brothers Q3 net profit down at Rs 16.9 cr
Biocon delivers stellar Q3 nos, plans to diversify biz
3i Infotech bags IT deal from Manipal Health Ent

Thursday, January 20, 2011

Market Report

Sugar output grows 15% so far in current crop year
PEbacked Tikona acquires HCL Infosystems arm
IGate posts strong Q4, warns of softness ahead
Wipro Q3 net profit seen up at Rs 1318.3 cr
Glenmark gets USFDA nod to market generic malaria drug
MindTree Q3 net slips 43% at Rs30.50 crore
LIC Housing Finance Q3 net profit up 38.3% at Rs 213 cr
HCL Tech's strong Q2, margin outlook lift shares
Shree Ganesh Jewellery revenues up 98.88% to Rs 41467 mn
Bajaj Holdings Q3 cons net profit up at Rs 501 cr
IndiGo gets govt nod for overseas flights
TTK Prestige Q3 net profit up at Rs 29.3 cr
Infotech Ent Q3 cons net profit dn at Rs 36.8 cr
Aditya Birla Money Q3 cons net loss at Rs 4.8 cr
Noida Toll Q3 net profit up at Rs 9.5 cr
Hind Zinc Q3 net profit up 12.18%; co approves 1:1 bonus
No plans for stake sale in co, says Camlin
Nirma delisting offer receives bids for 1.92cr shares
Govt says willing to reconsider Vedanta refinery plan
Tata Steel FPO sees lukewarm retail response on Day 1
Strong December quarter propels Bajaj Auto closer to full-year target
Rolta unlocks value in JV, sells stake to Shaw

Monday, January 17, 2011

Investment Call

ACCUMULATE TATA MOTORS AROUND 1160 LEVELS ICICI BANK AROUND 1010 AND SBI AROUND 2520 FOR SHORT-MEDIUM TERM GAINS.

Market Report


CMIE scales up India's GDP growth to 9.2%

Petrol dearer by up to Rs 2.54 per litre
SEBI Bars Anil Ambani And 4 Directors From Stock Investing
Kemrock Industries to invest Rs 9,700 cr in Gujarat
HDFC net up 33% at Rs891 crore
Godrej Properties Q3 net dips 12% to Rs15.5 crore
Magma Fincorp Q3 net up 80%
LIC reduces stake in HUL to 6.95%
Tata Steel FPO to open on January 19
Unichem Labs Q3 net profit at Rs 25.6 cr
Zee Entertainment Q3 PAT up 23% at Rs 155.5 cr
Ansal sells properties worth Rs 1,714 cr in 2010
Bajaj’s low cost car to be cheaper than Renault’s
Aircel ties up with Facebook for voice status updates
SAIL signs MoU with IRCON International for efficient execution of public-public and public-private partnership projects of the Indian Railways

Thursday, January 13, 2011

Both can grow together, not grow apart - India and China

Prof Kishore Mahbubani

Text of remarks by Professor Kishore Mahbubani, Dean and Professor in the Practice of Public Policy of the Lee Kuan Yew School of Public Policy at the National University of Singapore, at the India Habitat Centre, New Delhi on January 8

I believe that I have an eminently simple and reasonable argument to put across that can be captured in three simple points. My first point is that one does not have to be a geopolitical genius to predict that the main geopolitical fault line in the next few decades will be the West and China.



When China emerges with the world's largest economy by 2027, or earlier, it will be the first time in over 200 years that at a non-Western power will be the strongest power in the world. It is possible that the West will sit back passively and not try to thwart China's rise. However, it would be wiser for China to make its geopolitical plans on the basis that the West will try, directly or indirectly, to thwart China's rise.



My second point is that when the West tries to thwart the rise of China, it would prefer to do it indirectly rather than directly. The ideal scenario is the one that the West used successfully against the Soviet Union. There the West did not confront the Soviet Union directly. Instead, it unleashed radical Islamic forces in Afghanistan to unhinge the Soviet Union.



That strategy succeeded. Vis- -vis China, the best instrument that the West could find to thwart the rise of China would be the second fastest rising Asian power, namely India. The emergence of a bitter and persistent geopolitical contest between China and India would be an ideal geopolitical outcome for the West.



My third, and I hope most obvious point, is that it does not serve India's interests to be used an as instrument by the West to thwart China's rise. In simple geopolitical logic, the best position for India to take is to maintain a neutral and carefully staked out middle position in the coming struggle between the West and China



The West will try to seduce India by saying that this is not a power struggle but a struggle over virtue and values: democracy versus communist authoritarian systems.



However, the history of the West has shown that geopolitical interests always trump values. This is why the West supported the Saudi-Pakistan axis over India in the Cold War.



Geopolitical seduction is far more dangerous than sexual seduction because the consequences are weightier.



The best way for me to elaborate these three points is to answer three critical questions: Firstly, will the West try to thwart China? Secondly, will the West look for alternative instruments to use against China? Thirdly, is it in India's interests to join the West in thwarting the rise of China?



In trying to answer these questions, please let me admit that the answers will be complex, not simple. We will have to get out of simple back-and-white perspectives in trying to understand the coming struggle between the West and China.



There is, for example, no simple black-and-white answer to the question whether the West will try to thwart the rise of China. Certainly, the West will not launch a simple Soviet-style containment policy. One reason why it cannot do so is that, so far, China has managed its geopolitical rise brilliantly.



Please see pages 219-234 from my book The New Asian Hemisphere. The complex strategy included the following elements: heeding Deng Xiaoping's advice to take a low profile



(Note: the following characters describe Deng's advice: (1) lengjing guancha: observe and analyse [developments] calmly; (2) chenzhuo yingfu: deal [with changes] patiently and confidently; (3) wenzhu zhenjiao: secure [our own] position; (4) taoguang yanghui: conceal [our] capabilities and avoid the limelight; (5) shanyu shouzhuo: be good at keeping a low profile; (6) juebu dangtou: never become a leader; (7) yousuo zuowei: strive to make achievements).



China is using the developing interdependence between the US and China, where the US economy now heavily depends on Chinese purchases of US Treasury Bills and taking full advantage of America's absolutely stupid policies vis- -vis the Islamic world.



Hence, ironically, while the West used the Islamic world to unhinge the Soviet Union, China is now emerging as the prime beneficiary of stupid Western policies in the Islamic world. 9/11 and the Western reaction to it were huge geopolitical gifts to China.



In the geopolitical contest between China and the West, the score is probably 8 for China and 2 for the West. But it would be foolish for China to be complacent.



The West did not dominate the world through stupidity. It is capable of geopolitically brilliant moves. Therefore, in answer to my second question, the West will certainly look for alternative instruments to use against China.



Let me suggest two it will try. The first is to focus on the obvious Achilles' heel of China: its political system. The most powerful ideological instrument to use in any struggle is the instrument of legitimacy.



In one way or another, the West will try to delegitimise the Chinese political system, especially by highlighting its lack of democracy. In so doing, the West will deliberately ignore the fact that Chinese society has never been as open as it is today.



Hence, when the Nobel Peace Prize is awarded to a dissident like Liu Xiaobao instead of one of the greatest leaders of the 20th Century, Deng Xiaoping, it is natural for the Chinese government to get angry because they see it, with some reason, as a Western plan to de-legitimise the political system of China.





Please let me emphasise one point: I presume that it is clear that it is not in India's interest to join the West in trying to de-legitimise the Chinese political system, tempting as it may be.



The second instrument that the West can try to use against China is divide-and-rule. Indeed, this is how the West conquered the world. One reason why I published my first book, Can Asians Think? was to answer an obvious question: how did 100,000 Englishmen rule so effectively over 300 million Indians. One obvious reason: divide-and-rule.



This time around the West cannot use radical Islam to unhinge China. However, it will look all around Asia for instruments to use to either balance or destabilise China: from Japan to South Korea; from Taiwan to Tibet; from ASEAN to India. Each of these instruments provides geo-political opportunities for the West. However, the ideal geopolitical instrument will be India.



Why India? The simplest answer is that from year 1 to year 1820, the two largest economies were China and India. However, with the passing of the era of Western domination of world history, there will be an almost natural return of China and India to the number one and number two slots in Global GNP ranking.



From the point of view of Western geopolitical interests, with China and India returning as the number one and number two non-Western powers in the world, what better geopolitical scenario could there be for the West than for the number one and number two to struggle against each other as they are rising?



And if they both succeed in slowing down the rise of each other, won't the prime beneficiary of this be the West?



The third and final question is this: is it in India's interest to join the West in thwarting the rise of China? I presume that the answer is no. There is a simple rule of geo-politics. In any three-way contest of power, the best position to occupy is the middle-position.



To put it simply, it is better to be courted by both sides rather than to be taken for granted as an instrument by one side and as an adversary by the other side.



However, to be honest, it may be difficult for India to maintain this middle position. The West is now geographically far away. There are no immediate pressing issues dividing India and the West (except perhaps climate change and the American position on Pakistan).



By contrast, China is near and getting nearer. Several bilateral issues are clouding China-India relations: Pakistan, Arunachal Pradesh, the stapling of visas for Kashmir related passports. It is easy to get aggravated on a daily basis.



In geopolitics, it is a mistake to allow emotions to determine when to get aggravated. Getting aggravated should be a rational choice, not an emotional choice.



Hence, when China had fishing boat incidents with Japan and South Korea, it chose to get aggravated with Japan but not with South Korea. Similarly, when both Lee Teng Hui and Chen Shui Bian were clearly pursuing pro-independence strategies for Taiwan, China did get angry but it also controlled its anger and continued to court both the Taiwanese public and Taiwanese investors.



Thirty years ago, most would have predicted that the China-Taiwan problem was far more difficult to solve than the India-Pakistan problem. Today, the reverse is probably true. The lesson from all this is that it is a mistake to allow emotions to influence geopolitical decisions. Reason must always trump emotion.







This is why the best strategy for India to emulate in trying to rise and emerge peacefully is to follow Deng Xiaoping's seven-point advice for China.



If India were to practice this advice, enormous geopolitical opportunities would open for India. I realise that this is difficult advice for a country with a boisterous free media, which works on 24-hour news cycles and requires instant sound bites.



Yet, at the same time, most of the Indian journalists I have met have also tended to be very thoughtful and conscious of India's long-term interests. Most Indian journalists, I believe, would also agree that India is better off pursuing an independent policy rather than one that serves the interests of others.



There is one fundamental common interest that China and India share. Both have suffered foreign invasions and foreign humiliation over the past two hundred years. Both have also understood well the price they paid for being weak. Both have also suffered the most in the period of Western domination of world history.



It would therefore be hugely ironic that at the most propitious moment in both their histories, they allow the geopolitical interests of the West to trump the common interests they have in seizing the best moment to re-establish themselves as the two most powerful countries in the world. And, if both can follow their common interests rather than Western interests, both can grow together, not grow apart.

Market Report

Markets recover from 6-day losses to close 1.8% up


Indians can trade in global indices within a month



HCC to invest Rs 12,000 cr on renewable energy project in Guj

Mahindra to invest Rs3,000 crore in Gujarat

L & T commits Rs 15,000 cr on infra projects in Guj



Time Technoplast promoters revoke 1.12cr pledged shares

Era Infra achieves fin closure for Rs1,951 crore UP road project

Sterling Agro places equipment order with Suzlon

Reliance Broadcast to buy Imagine Showbiz Ltd.

Carlson to scale up its India operations

Hindustan Continental name changed to Azure Exim Services

Midvalley Entertainment IPO subscribed 3.35 times

HCL Infosystems bags order worth Rs 40 crore from Government of Himachal Pradesh

Aegis Logistics 13k partly paid up shares convert to fully paid up

IndiaNivesh enters into share purchase agreement with Vandana Cloth Centre

7Seas Technologies name changed to 7Seas entertainment

Suzlon Group signs MoU with Gujarat Govt to develop 1,000 MW of wind power

Apalya Tech raises $7.5 mn in Series-B funding from investors like IndoUS Venture Partners, IDG and Qualcomm.

Norway's Sevan Marine issues arbitration notice to ONGC

Cognizant expands US delivery centre; to hire 500 people

SBI, Bharti Airtel joins hands for unbanked India

Religare Enterprises subsidiary to start Health Insurance Operations

Genesys International Corporation subsidiary gets approval for amalgamation

Prajay Engineers Syndicate allots 1 crore shares on conversion of warrants

SAL Steel MOU with the Govt of Gujarat for establishment of the Cement project at Kachchh.

ICICI BankVodafone Essar ink pact for financial inclusion

HNG Float Glass signs MOU worth Rs 750 crore

OVL and partners to ink contract to develop Iran gas field

Wednesday, January 12, 2011

Market Report

Markets drop 6th day, longest in a year




SEBI OKs trades in F&Os on foreign stock indices

Moser Baer ties up with Macquarie SBI Infra

Patni-iGate deal kicks off 2011 on a good note for M&As

RIL gas output from eastern offshore fields set to increase

Aurobindo to cut stake in China JV

Allied Digital in JV with Singapore firm

JV with Biotools to rake in Rs 10cr next yr: Kilpest

Essar Oil starts gas production from Raniganj CBM block

L&T, Mitsubishi Heavy JV inaugurate facilities in Hazira

Apollo Tyres signs MoU with Tamil Nadu government

Punj Lloyd wins Bihar government contract for water plant

Parsvnath raises Rs100 crore via equity sale

Sun Apollo invests Rs 100cr in Parsvnath project

Educomp plans JV for wireless education in India

Roquette to buy majority stake in Riddhi Siddhi arm

Midvalley Entertainment IPO fully subscribed

Valecha Engg bags order worth Rs 194.52 crore

IDBI Bank signs MoU with Unique Identification Authority of India (UIDAI)

SingTel hikes stake in Bharti Airtel to 32.15%

Prajay Engineers allots 1.9 cr shares on conversion of warrant

Tata Communications signs definitive agreement to acquire BitGravity

Tuesday, January 11, 2011

Nifty Call

BROKER KING>>BUY 1 LOT OF 6000 CALL AT 33


 http://www.brokerking.blogspot.com/

Market Report

Investors lose Rs 5 lakh cr in five days




Fortis Global to be listed on overseas bourses

Sterlite Technologies receives financial closure for Rs700-crore project

Midvalley Entertainment subscribed 0.33 times on Day 1

Novartis moves ahead with copy of Roche drug

Comviva enters into partnership with Airtel Bangladesh

Tata DOCOMO rolls out ‘T24’ service in Gujarat

M&M Finance to form JV with Rabobank Group unit

Gammon India exercises conversion of shares against warrants

Lakshmi Machine Works; January 24, 2011 fixed date for buyback of shares

Sebi gives approval to Tara Jewels to launch Rs 200 cr IPO

Reliance Power signs power purchase agreement with NTPC for its upcoming 100 MW solar power project

Technopark IT firm signs $25 mn distribution deal

Industrial Investment Trust to raise fund limits from Rs 350 crore to Rs 400 crore

Thomas Cook (India) forges partnership with Xpress Money

MM Financial JV with De Lage Landen Financial

CCCL subsidiary signs power purchase agreement with NTPC

REC gets 188.85 mln rupees from RSTCL share sale

Friday, January 7, 2011

NIFTY UPDATE

BROKER KING>>BOOK FULL PROFITS IN NIFTY 6300 CAL AT 15.SELL GIVEN AT 33. www.brokerking.blogspot.com

TATA STEEL UPDATE

BROKER KING>>BOOK PROFITS IN TATA STEEL 720 CALL AT 8.SELL GIVEN AT 13. http://www.brokerking.blogspot.com/

Nifty and Tata Steel Update

NIFTY 6300 SELL CALL AT 33 AND TATA STEEL 720 SELL CALL AT 13 ARE MAKING NEW LOWS.CALLS WERE GIVEN ON WEDNESDAY.

Market Report

Markets fall 3rd day as inflation worry mounts




Norway's SWF hikes stake in Lanco Infratech

TAKE Sol buys out UKbased WCI Consulting Grp

Merck, Ranbaxy drug development deal called off

PI Industries inaugurates synthetic organic chemicals

JSL Stainless allots shares upon conversion of FCCBs

Parabolic Drugs to announce CRAMS deals with European cos

IT services firm Omnitech buys Dutch Avensus for $9 mn

Tata launches diesel vehicle ‘Venture’ in Rajasthan

Tata Elxsi, A Squared Entertainment JV to produce content

Tata, Riversdale to own Mozambique power plant

Promoters to pump in Rs 1,600 crore in Reliance Infrastructure shares

GVK Power Infra subsidiary signs financing documents with consortium of lenders

Nagarjuna Fert to consider amalgamation of IKisan, Kakinada Fert

Jyoti Structures exercises conversion of warrants into shares

Axis Bank unable to commence proposed Buyback by India Infoline

Unitech falls 5% on BSE after promoters hike stake

LT bags orders worth Rs 1181 cr

C Mahendra IPO oversubscribed 2.78 times

Thursday, January 6, 2011

Market Report

Tata Motors launches Prima Construck tippers


Swaraj Mazda name changed to SML ISUZU

Axis Bank launches online trading platform AxisDirect

Dr Reddy’s to contest Pfizer’s patent suit

Selan Exploration Technology allots bonus shares in the ratio 1:10

Sadbhav Engineering approves allotment of 12 lakh equity shares

Edelweiss ventures into housing finance

Apollo Hospitals to invest Rs1,000 cr to set up 12 hospitals

RIL abandons exploratory well in KG basin

Central Bank rights issue to hit markets this qtr

Vodafone gets relief over TDS on roaming charges

Tata Motors misses delivery target of 1 lakh Nanos in 2010

Maytas Infra bags order of Rs 372.64 cr from NHAI

Unity Infra bags order of Rs 122.14 cr

Jayshree Chem commissions 152 TPD plant ahead of schedule

Diamant Infra bags order of Rs 40.90 cr

TCS-Technopark signs deal for Rs 15 bn learning facility in Kerala

RPG Life launches drug to delay dialysis in kidney patients

Ikya Human Capital buys Magna Infotech for Rs 100cr

Wednesday, January 5, 2011

NIFTY STRATEGY UPDATE

BROKER KING>>UPDATE>>CLIENTS WHO SOLD MORETHAN 1 LOT IN NIFTY 6300 CALL CAN BOOK HALF THE QTY.DAY'S LOW IS 23.5 CALL WAS GIVEN AT 33.

TATA STEEL UPDATE

BROKER KING>>UPDATE>>CLIENTS WHO SOLD MORETHAN 1 LOT IN TATA STEEL 720 CALL CAN BOOK HALF THE QTY.DAY'S LOW IS 9.25.SELL GIVEN AT 13.

TATA STEEL STRATEGY

BROKER KING>>WRITE TATA STEEL 720 CALL AT 13

NIFTY STRATEGY

BROKER KING>>WRITE NIFTY 6300 CALL AT 33. 

Market Report

Telecom industry tops M&A chart in Apr-Dec 2010


OVL in talks with Russia’s Rosneft for new assets

NSL Power inks MoU with Orissa for 1,320 Mw project

Godrej Agrovet takes majority control in JV with Malay partner
Integra MIcro Systems (P) Ltd,bags contract from Allahabad Bank
Tata Steel to raise up to $1 billion via GDR
Apex court allows Sahara to raise funds
Jindal Saw, Rajasthan ink pact on iron mines
IOL Chem to invest Rs 130 cr in new facility
Ramco bags huge order from MAS GMR Aerospace Engineering
Business up over 29% at Rs 1 lakh cr in 2010: Dena Bank
Cambridge Technology Enterprises approves allotment of 38 lac equity shares
Ronnie Screwvala sells 1.09% in UTV Software
Uttam Sugar Mills allots 5 lac preference share

Chemcel BioTech to consider further issue of shares
Reliance Media open offer to Fame India shareholders
Iconix Brand Group Inc, signs licensing deal with Arvind for Mossimo Brand

Max India to seek shareholders nod to invest Rs 750 cr in Max healthcare Institute

Tuesday, January 4, 2011

Market Report

RBI to buy Rs 12,000 cr govt securities on Jan 5


BSE launches index-based circuit breaker system for March qtr



Amtek Auto acquires 10% equity share capital of Garima Buildprop

L&T bags Rs1,103 cr order from domestic power sector



SAIL hikes steel prices by Rs 1,000 per tonne

Dabur completes acquisition of US-based Namaste Group

KEC International strengthens order book to Rs7,500-8,000 crore

Mahindra's Yuvraj on expansion spree

R-Next acquires 26% stake in ICEX

Bank lending to infra sector shoots up 45% in 2yr period

GAIL, ONGC sign 3-year deal on gas, petrochem

JSL to double coke capacity with group company JSW's help

Jayaswal Neco ties up debt for Rs3,300-crore expansion

Panel clears Posco plant in Orissa of ecology threat

Tata Power calls off deal with Olympus

Honda to triple India motorcycle sales in 5yrs - Nikkei

Tax tangle may delay iGate-Patni deal by a week

Merck sets up first custom-solutions unit in India