Benefits of Rs 325- cr package only on exports to EU, US: Nath Times Now, please do not show us the shameless face of Renuka Choudhury in your programmes (However, I must say that off late, you have improved the quality of your contents and I must appreciate that), who encourages people (including teenagers) to go and booze or get drunk in pubs. By the grace of such Union Ministers and media Channels like NDTV Ltd, now you can send your sisters and daughters in Pubs for Free Sex and Drugs/Alcohols; as this is your constitutional right to go to a pub and do anything there.....You can even send you teenage daughters to dance naked with boys (of same religion or different religion) in pubs across Mangalore , after having right doses of drug/alcohol. Or you can even hire a prostitute and have oral sex (or may be Sex) inside pubs.... After all we have one Union Minister, to bail out all these unholy pub owners. Why??!! Simple.... Just use your brain a bit and you will be able to find o...
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Economic growth broadly in line with expectations: FM Amid low overall growth, community, social and personal services expanded by a robust over 17% The surprise was mainly due to the dismal figures for agriculture. The government’s advance estimates of growth for the full year, made a few weeks ago, had implied a growth rate of 2.4% for agriculture in the second half of the year. If agriculture had grown at that rate in the December quarter, the GDP growth rate would have been 6.3%, higher than what the market was expecting. Some analysts said the contraction in agriculture was the result of a statistical quirk and Abheek Barua, chief economist at HDFC Bank Ltd, says reports on the ground indicate farm growth is likely to bounce back in the next quarter. Looking at the break-up of GDP growth by sectors, the y-o-y growth in GDP at factor cost is due to Growth in the Services Secor, including Construction. New Delhi: Even as economic growth nosedived to 5.3% in the third quarter, the Fi...
Tata Steel posts unexpected profit, shares jump The company posted a consolidated quarterly profit, beating forecasts of a loss and lifting its shares in a weak market Mumbai: Tata Steel Ltd , the world’s sixth-largest steel maker, posted a consolidated quarterly profit on Friday, beating forecasts of a loss and lifting its shares in a weak market. Steelmakers around the world have seen sales and prices fall as the credit crisis and economic slump hits demand from major steel consuming sectors such as automotives, consumer goods and construction. Tata Steel said its December quarter consolidated net profit after minority interest and share of profit of associates, including for its European unit Corus, fell 39% to Rs814 crore ($160 million) from a restated Rs1,325 crore a year earlier. It said the net profit would have been lower by Rs4,256 had it followed its earlier accounting practice instead of recording actuarial gains and losses on employee benefit funds in reserves and surplus. ...
WINNING STROKES: THINK DIFFERENT: S Kumars Nationwide Ltd recommended in the morning mail to the Paid Groups moved to Rs.18.30 before cooling down a bit. The reasons: As part of the interim supplement to the foreign trade policy, government announced a special booster package for the leather and textiles sector, eased trade restrictions on the gems & jewellery sector, gave more time to the industry to meet its export obligations against concessional imports and liberalised norms for claiming dues under the duty reimbursement schemes. Bata India Ltd recommended in the morning moved up by more than 6% before cooling down a bit. The company would be direct beneficiary of the recent package. RBD Industries Ltd mentioned today through SMS to the Paid Groups moved up by huge volumes. Why? Today also Ashok Leyland Ltd is moving up on the expectations of a rate cut from the RBI and also due to positives mentioned in this blog a couple of days back. Today Syndicate Bank was recommended t...
'Next oil shock will be far worse than $147 a barrel' Venkatesan Vembu I have been telling about this since some time, without much attention of the investors. Even 10 days back, when the crude oil was trading around $34 per barrel, I said the same thing. I even came out with a report on this topic, to attest to my claims. Now this article has appeared in a noted electronic daily, published from Bombay. HENCE DO NOT HEAR ANYONE---JUST BUY RELIANCE INDUSTRIES LTD, ONGC, SELAN EXPLORATION TECHNOLOGIES LTD, CAIRN ENERGY LTD, ETC. Hong Kong: The world is breathing easy, now that oil prices are below $40 a barrel, down sharply from $147 a barrel in June. But, in fact, the current financial crisis and recession could accentuate the severe supply-side constraints that drove up prices last year to record highs, cautions Mikkal Herberg, research director of the energy security programme at the National Bureau of Asian Research in Washington and a veteran strategist in the oil industry...
WINNING STROKES: THINK DIFFERENT: My recommended Ashok Leyland Ltd moved up to Rs.16.39, before cooling down a bit. The stock was recommended yesterday to the Paid Groups at Rs.15.50 and then to the Free Members. Moreover, the reasons for my bullishness was also mentioned yesterday. XL Telecom and Energy Ltd moved to Rs.31.95 today, before cooling down a bit. The stock would be direct beneficiary of the historic Obama plan on the renewal energy sector and also price of crude oil. The company is into the production of ethanol (Ethyl Alcohol). Those who have still not entered the counter should do it in all declines. After a long time Pyramid Saimira Theatres Ltd closed flat. The company would get benefits from the depreciation of the Indian Rupee. The investors should accumulate Sunil High Tech Engineers Ltd on all declines. The stock along with KEC International Ltd is going to be a multi-bagger. Also accumulate Vikash Metal and Power Ltd on all declines. The Commercial production o...
WINNING STROKES: THINK DIFFERENT: [Updated] I am happy to announce in this blog that the noted BJP leader (a prominent member of the Party's Gen X) and one of the most seasoned women politicians in India, Ms.Sushma (Sharma) Swaraj (after getting married to Shri Swaraj Kaushal) supported my viewa, on Mangalore incident and M F Hussein, in a recent interview in (the print) media when Mr .Jaswant Singh came out with a controversial (read pathetic remark, showing his complete ignorance as regards to the quantum of Notoriety of the dangerous Talibans) remark. Ms.Sushma Swaraj said: "No, I disagree with Jaswant Singh because, one, he not only supported Congress Union minister Renuka Chowdhury, but he also supported M F Hussain whom we vehemently oppose for his nude painting of Saraswati. I certainly do not agree with Chowdhury’s “pub bharo” campaign. Hussain was disrespectful of Hinduism when he distorted the image of the Goddess of Knowledge. We have no problem if he paints nude...
Stocks seen sharply higher on global cues, stimulus boost For the time being that school of thought which says Nifty should not break 2660 on the downside has won.... Yesterday's letter to the Paid Groups, mentioned about these two schools of thoughts prevalent in the Indian Stock Markets, as of today Ashok Leyland and Unitech Ltd could move up today from yesterday's closing price due to some positive news the counters. The news is that apart from the duty cuts which is expected to give some upmove in the sales of vehicles, Ash ok Leyland is rumoured to get good amount of government order for Buses. Unitech Ltd sold its 200-room budget hotel, Courtyard by Marriott, in Gurgaon to Roop Madan, a Delhi-based premium liquor and cigarette importer, for around 2.3 bln rupees..This message was sent to Paid Groups ealier. T he rest of the details to the Paid Groups...... MUMBAI: Stocks are likely to begin trade on an optimistic note on Wednesday tracking the recovery across global ma...
WINNING STROKES: THINK DIFFERENT: The Sunday (Monday) Report recommended scrip (to the Paid Groups) Gulf Oil Corporation Ltd hit the buyer freeze in the opening trade, with good volumes. The re search report on the company will soon be placed in www.sumanspeaksplus.blogspot.com . The stock was recommended in today's morning mail to make sure that most of the Paid Group members buy the scrip, which should become multibagger from here. Areva T&D India Ltd moved down after Kotak Securities Ltd, downgraded the scrip. Smart investors should buy this scrip on every declines, taking the help of this frivolous call by this tainted brokerage house and sell when Kotak Gives a buy call to exit its holdings. Readers should note that Kotak and First Global's calls like most of the brokerage houses are junk and manipulated to enter or exit scrips. Pyramid Saimira Theatres Ltd which was hitting lower circuits unnecessarily for last some days, however it came out of the lower circuits tod...
Electric cars get charge from stimulus New US legislation expands tax credits for electric cars to cover smaller, but not bigger, vehicles New rules expand eligibility: Thanks to President Obama's stimulus package, Americans can now get big tax breaks on more types of elec tric vehicles. The credits originally would have stopped after they had been claimed on 250,000 vehicles across the whole industry. Now the credits will apply on up to 200,000 vehicles from any single manufacturer. The old rules, passed in the fall of 2008, applied only to cars in the traditional sense, i.e., four-wheeled vehicles. Now three-wheeled and even two-wheeled electric vehicles are also eligible. Tax credits for these vehicles are calculated differently. The changes also removed really big vehicles from eligibility. Given the environmental impact of heavy-duty trucks, some electric vehicle advocates call that a really big mistake. The Internal Revenue Service still has to pass its own rules clarifyi...
PSU bank staff to get 20-25% hike Public sector banks, which have stood tall even as the global slowdown hit the financial sector, are set to provide a 20-25 per cent hike in pay packages to its 7.5 lakh employees. Finance ministry sources said that an announcement to this effect would be made soon. "Talks have reached the final stages and a final announcement would be made at the earliest," an official said. All state-owned banks have managed to significantly boost their businesses. Bankers said that most banks have already made provision for the increased outflow on account of increase in pay. Depending on the size of the banks, the additional outflow could be between Rs 200 crore and Rs 600 crore. The trade unions have also demanded that pension benefits be given to all employees. The move could mean an additional cost of Rs 6,000 crore for state-owned banks. The managements and trade unions are yet to sort out how the additional burden would be sourced and shared. Banks a...
Kansas bill to abolish death penalty gets hearing India should also immediately bring in such a bill abolishing the horrendous crime committed upon human civilization--the Death Penalty (or Capital Punishment). Let it be practised in the Barbaric States of the world and not in India. We already know how in some Taliban like countries, hands are legs are chopped off of human beings.... Are human being animals??!! The question remains which God is saying all these draconian things?? India is a civilised country and Hindus, Sikhs, Christians, Buddhists, etc. have decent religious laws to govern them...... Jesus Christ said, "Hate Sin and not the Sinner" Kansas, US: A bill abolishing the Kansas death penalty is scheduled to have a Senate committee hearing. The Judiciary Committee plans to hear testimony Thursday on the proposal by Sen. Carolyn McGinn, a Sedgwick Republican. It plans to vote Friday on whether to send the bill to the chamber for debate. McGinn says abolishing the d...
Maytas Infra diverted public money to group entities: govt NDTV Ltd could also be doing the same. SEBI or Government should enquire the matter immediately, to save the shareholders from predators: The government has alleged that Maytas Infra has diverted money raised from public to the group companies owned by kin of disgraced founder Chairman of scam-ridden Satyam B Ramalinga Raju. "Substantial funds (raised through IPO by Maytas Infra) received in company's books of accounts have been diverted to group companies, associate concerns and subsidiaries. Most of the investments made are in the nature of interest-free loans and advances against the share application money," said the government in its petition before the Company Law Board (CLB). The government's petition seeking dismissal of the existing board of Maytas Infra will come up for hearing on February 26. The company had earlier raised Rs 327.45 crore through a public issue and charged a premium of Rs 360 on sh...
Government Moves to Shore Up Banking System Washington: The federal government will ease the terms of its investments in more than 350 financial institutions to increase the benefit of the taxpayer dollars they have already received, regulators announced this morning. The change also applies to new investments, and regulators said they will begin Wednesday to test the health of the nation's largest banks to determine how much more government money those banks might need to weather the crisis. "The government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth," said a joint statement issued by the Treasury Department, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Office of Thrift Supervision and Federal Reserve. The change in the investment terms was sought by Citigroup and other banks that are trying to convince investors they can survive their financial problems. The gov...