Some Important News which can have positive effects on the markets going forward:

Today the markets are expected to move up aping the Asian Markets, IT stocks to steal the limelight....

1. IDBI BANK: Tata Capital, Religare and Dewan Housing bid to buy bank's arm IDBI Home Finance. Dewan Housing likely to bag bank's arm for over 3 bln rupees.

2. DCB Ltd: There are strong indications that the company is in the final stages of filling up the gap created by Mr. Gautam Vir, the Managing Director & CEO who is on leave. This is a great positive news from the sources close to me...All eyes are on the Q3FY09 results of DCB Ltd. Banks are a proxy of infrastrucutre development and hence banking stocks, could give good returns going forward, as the government embarks on massive infrastructure developement,; in the next few months. The other three stocks which were also recommended yesterday were Suzlon Ltd at Rs.48, Wipro Ltd at Rs.220 and Megasoft Ltd at Rs.16. It is to be understood that the total value/amount of contracts coming from the World Bank from all sources is not more than Rs.150----Wipro Ltd or Megasoft Ltd share in that pie is just a peanut considering the massive order book of both the companies.

Megasoft Ltd (BSE Code-->532408, Face Value-->Rs.10, P/E-->3.11, EPS-->Rs.5.15, Book Value-->Rs.68.14,Market Cap-->Rs.70.83 Cr) could be the genuine multi-bagger from the CMP of Rs.16.

3. Rolta Ltd which was recommended yesterday could give very good return from the CMP of around Rs.88. The company yesterday denied the rumours on the sell of promoters' holding. The stock was already recommended yesterday during the markets hours, in the Free Group--->SumanSpeaks.

4. MASTEK can embark on a fresh buyback programme this fiscal. The company had sought SEBI’s views on embarking on a buyback programme (for 10 per cent stake) in view of the fact that it has just completed a buyback amounting to 25 per cent of the paid-up capita.

5. CAIRN INDIA: Expects to produce 100,000 barrels per day of crude oil from its RJON-90/1 Block in Rajasthan by the end of this calendar year.

6. FINANCIAL SERVICES: Life Insurance Corp of India, State Bank of India, Unit Trust of India, ICICI Bank, and HDFC Bank are part of 21 bidders seeking license as pension fund managers in the proposed new pension system for private sector.

7. SATYAM may seek a bailout and ask clients to accelerate payments as a probe into alleged fraud by its founder forces the company to restate accounts.

8. RIL (Reliance Industries Ltd) is likely to start gas production from its deepwater D6 Block in the offshore KG Basin by the end of February.

9. EDUCOMP signed an MOU with Department of Rural Development, Government of Uttar Pradesh to impart skill based training Programs for the unemployed and underprivileged in the State for a period of 3 years.

10. BHARTI AIRTEL launched its mobile services in Sri Lanka via its subsidiary, Bharti Airtel Lanka. The company is planning to invest $200 mln in its Lanka operations. It is offering 50% lower charges on roaming to its Lanka customers, while roaming in India.

11. SATYAM: Former NASSCOM president Kiran Karnik, who was nominated by the govt in the three-member board of directors of Satyam, resigned from the governing board of EMRI on Jan 9, 2009.

12. UNITECH's Telecom Subsidiary got 4.4 MHz of Spectrum in 1800 MHz GSM band in respect of WB Service Area. With this, the Company have been allotted initial spectrum in 21 service areas out of total 22 service areas.

13. PVR is planning to corporatise the mushrooming health fitness centres in the country. The group is looking at setting up fitness centres in the country in JV with Thailand's Major Cineplex Group with which it already has a 51:49 tie-up for setting up bowling alleys in the country.

14. RDB INDUSTRIES disposed off its 100% holding in the share capital of the three subsidiary companies namely Ambalika Vanijya, Sarvana Tracom and Satabdi Vyapar.

15. L&T to sign nine MOUs with Gujarat govt at Vibrant Gujarat Investor Summit envisaging Rs 25000 Cr investment.

16. ONGC’s OVL is set to pick up 30-40% stake in Kazakhstan's Satpeyev oil exploration block.

17. POWER: The government may allow public sector NBFI — PFC and REC— to raise Rs.10,000 crore each by way of tax-free bonds to mobilise funds for power projects. The bonds would be akin to IIFCL proposed bond issue to fund road and port sector projects.

18. Larsen & Toubro Ltd: L&T INFOTECH has lagged many of its peers in growth, despite having the backing of the country’s largest engineering company. Acquiring Satyam will help L&T Infotech consolidate its strength in manufacturing and also give it size and scale through Satyam’s ERP practice, which is its strongest area. Among Infosys, TCS, Wipro and HCL Technologies, Satyam has the strongest ERP practice.

19. IDEA CELLULAR, the telecom arm of the $28-billion Aditya Vikram Birla group, is close to acquiring prime property in the city’s Salt Lake Sector V tech town.

20. INFOSYS has told its HR executives to refrain from hiring employees of Satyam.