SumanSpeaks: The Information Super Highway

Music In Bengal: weekend reading: Music has a distinct place in the cultural life of Bengal.Besides Bishnupur Gharana ,and the folk songs of Bengal like Baul,Bhatiali, Jari gan, Sari gan, Alkaph etc.there exist different style of Bangla vocal music .viz. Kirtan , Tappa , Thumri . Above all, Bengali music has been enriched by the composition and music of Rabindranath, Nazrul , Atulprasad , Ramprasad Dwijendralal and Rajanikanta wich are popoularly known as Rabindrasangeet , Nazrul geeti , Atulprasadi, Ramprasadi , Dwijendra geeti and Rajanikanter gan respectively. Tagore alone composed 3000 songs in which he tried to explore the themes of or relating to religion or religious belief and also themes relating to divine and human love. Tagore’s songs earned a good deal of appreciation among the people in the West and they remain extremely popular among all classes of Bengali society. Some of the greatest musicians of Bengal are the following: a) Shri Lalon Shah Fakir b) Shri Jyan ...

Important News of the Week Gone by: [ Updated at 01.30 p.m., Sunday ] 21/05/2007 Twilight Litaka inks agreement with Sami Labs: Twilight Litaka Pharma has signed an agreement with Bangalore-based Sami Labs for acquiring 17 food supplement drugs. 22/05/2007 Syndicate plans second follow-on issue: Syndicate Bank is planning to hit the capital market with follow-on public offer of eight crore equity shares (face value Rs 10 each). It will use proceeds of the issue to shore up the capital for credit growth and comply with Basel II norms by March 2008.The State Bank of India, ICICI Bank (Rs 20,000 crore), HDFC Bank (Rs 4,200 crore) and Federal Bank have already announced plans to raise capital from the equity offering.The bank needs capital to support credit growth. Also, since bank has a branch in London , it will have to be meet with Basel II norms by end of this financial year (March 2008), its Chairman and Managing Director C P Swarnakar said.The board today gave its nod to start the ...

Concentrate on Small and Mid cap counters: The Oveall Markets looks strong for the days ahead as large FII-inflows are expected to continue: [Updated at 1615 hours,with the latest, from the Markets] The markets are expected to move in sideways directions for some more time and hence it will be prudent if one concentrates his attention to those stocks which are undervalued at the current price and which are expected to declare good results or which have a great future ahead, even if they have declared bad resultss. Also, one can focus on stocks which posted good results and have not moved till date. I have already recommended some of those stocks: 1.Premier Explosives Ltd 2. Southern Online Bio Technologies Ltd 3.Sanjivani Parenterals Ltd 4. KEI Industries Ltd 5. Agro Dutch Industries Ltd 6. Noida Toll Bridge Ltd 8. Sanguine Media Ltd at Rs.27 and Rs.34.................I will be recommending some more good stocks in future in small and mid cap areana, as this space has not moved at all ...

The US Stocks End Lower After Greenspan Remarks Spur Investors to Cash in Gains:The Sensex was going great guns in the past five trading session yesterday took a breather, as bulls started liquidating positions in last hour of trade, on the Sensex's inability to hit new all-time high. Prior to yesterday's session, the benchmark index rallied sharp 525 points or 3.75% from 13,929.33 on 15 May to 14,453.72 on 22 May 2007. The all-time high level for the benchmark Sensex was 14,723.88, hit on 9 February 2007. Marketmen expect the Sensex to consolidate before making any big upmove. Except for selective buying interest seen in metal and capital good sector, shares from auto, FMCG, oil & gas and banking space declined on profit taking. The BSE 30-share Sensex declined 90.46 points or 0.63% at 143,63.26. It opened higher at 14,490.03, tracking flat global markets, and advanced to an intra-day high of 14,500.64. It slipped to a fresh intra-day low at 14,325.89, in late afternoon se...

Sensex crosses 14,500 mark in opening session; Good Buying in the Mid and Small cap space: Keep adding Southern Online Bio Technologies Ltd & Premier Explosives Ltd on all declines, both are going to outshine the markets in the coming days: KEI Industries Ltd recommended yesterday is doing well: Kernex Micro System Ltd is also doing well: Duncans Industries Ltd recommended at a slightly higher level hit the buyer freeze today in early trade. The company has diversified into read estate long back. It is from a well known and reputed industrial house: Exit G M Breweries Ltd on every rise: Jainco Projects Ltd recommended long back as highly speculative pick, also hits the buyer freeze. But avoid the company for the time being: Lot of "Junk Stocks" are hitting the buyer freeze, please be very careful on this front and take due caution while cherry-picking the scrips, for investments: HS India Ltd, a purely speculative scrip has started to rise again. This could go up to Rs.4...

Today's recommendations: After the success of Yesterday's Call on Sanjeevani Parenterals Ltd at Rs.33, many people have pressed for a free call. The problem is that everyday it is not possible to give calls, besides one has to make money from it, and information does not come always. It is useless to give calls everyday, if the net income from the calls is negative..!! Considering their case and taking note of all their wishes, I am recommending KEI Industries Ltd (BSE code-->517569) at the Current Price of Rs.79. The company is into the manufacture of electrical cables and has been one of the largest suppliers of cables to department of telecommunication (DoT), government of India. It hasestablished its position in the core sector projects in India and plant locations in New Delhi, Alwara and Rakholi. Its product range includes control cables, LT power cables, instrumentation cables, telecom cables and house wires cables. Its customer base consists of BHEL, Siemens,ABB, ...

Yesterday Heavyweights fuel Sensex's 122-point rally: My earlier recommended Balaji Telefilms hits the buyer freeze before ending a tad below. The Board had earlier recommended the interim dividend of Rs 3.50 per share (175% on par value of Rs 2 per share) on March 13, 2007, on fully paid-up equity shares of Rs 2 each, aggregating to Rs 307.67 million including dividend distribution tax, as the final dividend. The company also came up with superb results for FY-06-07. STAR Group Ltd (STAR) and Balaji telefilms Ltd on April 19, 2007, announced a joint venture to create a leading television network of regional language general entertainment channels initially targeted at the fast growing South India market. The joint venture, 51% owned by STAR and 49% by the Company, will be headquartered in Chennai.Under the joint venture, the two Companies will combine their resources to infuse VIJAY with the Company content. The joint venture also targets at launching a Telugu channel by the last ...

Buying in bank stocks as interest-rate hike worry recedes:The S&P CNX Nifty, the benchmark index of the National Stock Exchange, hit an all-time high of 4,261.40 today, 21 May 2007, surpassing its previous all-time high of 4,245.30, which it had stuck on 8 February 2007: Balaji Telefilms Ltd hits the buyer Freeze: Brisk Buying in Southen Online Bio Technologies Ltd,the stock is expected to shoot in the days ahead......: Also I have recommended Sa....Pa...Ltd. toady at Rs.33.00, to some select persons,the stock is rocking after wonderful Results for Fy-2006-07. The EPS for Fy-2006-07 is nearly Rs.9; both Sales and Net profit rising up even though the sector in which it performs isn't doing too well: Bank shares extended recent gains as inflation worries eased. Also analysts rule out any fresh interest-rate increases in the near future. In fact, they expect rate cuts. The BSE’s banking sector index Bankex was up 84.08 points, or 1.11%, to 7,688.05. India’s largest commercial ba...

--: OIL float faces Left hurdle :-- New Delhi May 20: The initial public offering of Oil India Ltd may get delayed because the Left has opposed the dilution of the government’s stake in the PSU. “It could take at least six months, if not more, for the official approval to come through as the government does not want to move ahead without a consensus with the Left parties on the issue,” sources said. The Left fears such offers from PSUs will eventually lead to their privatisation. OIL had proposed to sell 10 per cent of its equity and was expecting the mandatory approvals to arrive by April. The government holds 98 per cent equity in the PSU. The upstream oil exploration and production company is planning to mop up at least Rs 1,500 crore through the offer. The plan is to utilise the proceeds to fund its exploration and production activities in the next five years. Acquisitions of small and mid-sized exploration and production companies are part of the company’s agenda. “We are keen on...

RETAIL BROKERAGE Foreign majors eye Indian cos Mumbai: Foreign majors such as the Citigroup, Societe Generale (SocGen), BNP Paribas, Standard & Chartered Bank and Australia-based Macquarie Bank are understood to be contemplating picking up equity stakes in Indian retail brokerages as an easy route to enter the market. Attracted by the tremendous potential and phenomenal growth achieved by Indian retail brokerage firms in recent times, a clutch of foreign majors are mulling an entry into the market. Foreign majors such as the Citigroup, Societe Generale (SocGen), BNP Paribas, Standard & Chartered Bank and Australia-based Macquarie Bank are understood to be contemplating picking up equity stakes in Indian retail brokerages as an easy route to enter the market. Increasing appetite A buoyant stockmarket despite the odd hiccup combined with an increasing appetite for equities among investors, tech convenience of online trading and falling brokerage fees have proved to be the major...

Important News of the Week: 11/05/2007 MRO-TEK issues buy-back offer MRO-TEK has issued a public announcement to the shareholders of the company to buyback 25.60 lakh shares (12.34%) at Rs 55 per share from the open market.The offer opens on 21 May 2007 and closes on 29 March 2008. 12/05/2007 Kavveri Tele targets Rs 100-cr turnover Kavveri Telecom Products (Kavveri), a Bangalore-based telecom firm, is targeting Rs 100 crore in turnover this fiscal. It has invested Rs 15 crore in expanding its contract manufacturing plant in Jigani, Karnataka.This BSE-listed company manufactures antennae, RF products and solar panels in its four facilities The company hopes to make Rs 100 crore this fiscal and maintain the same percentage of profit, according to Mr D. Venkateswarulu, Company Secretary, Kavveri. It employs 250 people in India and 60 in Canada, through its subsidiary Kavveri Technologies.The company is planning significant expansion of its contract manufacturing plant in Jigani, Ka...