My recently recommended Southern Online Bio-Technology Ltd, Phoenix International Ltd, Entegra Ltd, VBC Industries Ltd, STL Global Ltd, BF Utilities Ltd, Kalpana Industries Ltd (This week's quickie call), Kohinoor Broadcasting Corporation Ltd, Vikas Metal Ltd(this week's quickie call), Indsil Electrosmelts Ltd, etc. hit the buyer freeze: My earlier recommended H B Stock Holdings Ltd, BLB Ltd, Kanishk Steel and Industries Ltd, Jhunjhunwala Vanaspati Ltd, Dhoot Industrial Finance Ltd, PNB Gilts Ltd, Rasoi Ltd, Associated Alcohol and Breweries Ltd, Mcleod Russel Ltd, Williamson Magor, Sunflag Iron, Minda Industries Ltd, GTC Industries Ltd, Khoday India Ltd, Kamanwala Industries Ltd etc. hit the buyer freezes: Even H S India Ltd did well today: The Intra-day call given to V S Patini on CESC Ltd at Rs.433 shot up to Rs.454 in late trade, giving him handsome gains, intra-day:

RBI Governor again proves that he is no better than a "Paan wala" in term of taking measures to contain inflation. P Chidambaram first failed to anticipate how much will inflation shoot-up and then suddenly took some extreme measures which even a "Rickshaw-walla" know what to do in these situations, as the last minute effort. No innovation and nothing--plain Vanila CRR hike: Another UPA Minister (at that time he was in Janata Dal of Deve Gowda) Ram Bilas Paswan, whom I saw throwing some "serious gibes" on cartelisation of steel companies on camera today......lol.......laid the foundation stone of Badarpur-Lumding hill-section in the North East in 1996, when he was the Railway Minister and the schedule time for completion was 2006. But even today not even 30% work has been completed on that route:

Anyway HAVING SAID THIS ONE THING IS SURE, THE INFLATION WILL NOW COME DOWN TO BELOW 6%, VERY FAST----I would have been happy if the FM and Governor Reddy could have devised some innovative policies instead of going for the "Rickshaw Puller Route". Just compare how the US Fed behaves and how their counterpart in India behaves--your will bow your head down in shame: But then how will the stock market behave on Monday?? Will the Bull run continue??? Will sucking of Rs.18, 500 Cr from the market have any major impact on Monday and the next week, as the markets were looking good since some days?? Would 7.5%--8% growth be sustained? Are we gradually moving towards the softer Interest Rate regime, which will spur growth? All these to the Paid Groups:

Licence fee for DTH to be cut by 40% Nivedita Mookerji Thursday, April 17, 2008

NEW DELHI: The annual licence fee for direct-to-home (DTH) broadcasting players is set to dip from the current 10% to 6% of their gross revenues, as Telecom Regulatory Authority of India (Trai) has backed the information and broadcasting (I&B) ministry’s proposal on that. However, DTH players are not likely to pass on the benefits of the reduction in licence fee to their subscribers immediately. While supporting the I&B move to cut the licence fee, Trai chairman Nripendra Misra has reminded the ministry that “the decision of the government should follow Trai’s recommendations.” In this case, the I&B ministry sent its proposaldecision to Trai on cutting the licence fee, and sought the regulator’s view. In a letter to I&B secretary, Asha Swarup, Misra wrote, “The authority has considered the decisions/ observations of the government…. As you are aware, Section 11(1) requires the authority to make recommendations on specified matters. The decisionof the government should follow Trai’s recommendation.” According to the regulator, imposing a lower licence fee on the service providers is likely to encourage higher growth. It has added that with increased growth, it would be a win-win situation for the industry and the government. Later speaking at a press conference to announce the launch of a DTH association -DOAI (DTH Operators Association of India) - Tata Sky CEO Vikram Kaushik said that since DTH is in its infancy and players are running losses, an immediate cut in tariff is unlikely.Kaushik, along with other DTH heads such as Jawahar Goel of Dish TV and Prakash Bajpai of Big TV (Anil Ambani’s Reliance group) pointed out that efforts would be made to make the platform affordable for all.

It is likely that special prices would be announced soon by various DTH platforms for bundles, bouquets and a la carte packages. Representatives of DTH players - Tata Sky, Dish TV, Bharti, Big TV and Sun TV - came together on Wednesday to form their association, in order to lobby with the regulator and the government for common causes. The association, DOAI, is expected to perform the role of telecom associations, COAI and AUSPI, in the DTH sector. After the mobile revolution, it is the turn of DTH revolution, they said. Currently, Dish TV (of the Essel group) and Tata Sky (joint venture between the Tatas and Rupert Murdoch’s Star TV) are the two main DTH players in India. Tamil Nadu-based Sun TV too launched its direct-to-home broadcasting service recently. Prasar Bharati too has been running its DTH service (DD Direct Plus), but it is a free-to-air platform. In all, there are between 5 million and 6 million DTH users in the country.Dish TV, which recently touched the 3-million subscription figure, reported a net loss of Rs 251 crore in the financial year ending March 2007. Its rival Tata Sky showed a net loss of Rs 815 crore in the corresponding period, though the service was launched in August 2006. Two more players-Big TV and Bharti-are likely to launch their DTH service soon. And, the Videocon group has also got the DTH licence. Of the 120-million TV households in India, only 70 million have cable connection. DTH is still in its infancy in India, and there’s sufficient room for growth. By the year 2015, 40% of the pay TV universe (cable TV and DTH) are likely to be DTH users, significantly up from around 5% now, according to industry projections. [From Internet]