According to some reports India is expected to become the 7th largest economy by 2015 and the 4th largest by 2020, overtaking Germany, France, and the UK. The relatively benign domestic macro environment has been jolted by: 1) Investment decisions being deferred; 2) Inflation remaining sticky and interest rates edging higher; 3) Current account deficits back to historical highs and composition of capital flows deteriorating; and 4) Risks to further fiscal consolidation. ut Not Enough to Derail the Story — An increase in wage incomes both at the rural and urban level could partially offset the rate/inflation impact and support consumption. While investment decisions have been deferred, there are reasons tobelieve that development will take place albeit with a higher price and deferred orders will likely be implemented in FY12. The GDP growth could remain relatively stable at 8.6% levels in FY12. Although prices could moderate once supply shocks eas...
Posts
Honesty, without courage, is flawed Tuesday, January 25, 2011 How far can honesty as a virtue take you if you are also perceived as ineffective and spineless? Does that honesty then have any value? Does it serve any purpose? This is the tragedy of prime minister Manmohan Singh's clean image post-Radiagate which forced the UPA government to eject tainted telecom minister A Raja. Though upright and honest, Singh's image has eroded considerably because of evidence that he did not act decisively in the 2G telecom scamwhen it was brought to his notice as early as 2008. Singh was perhaps constrained by the compulsions of coalition politics and the collective wisdom at the highest level in the Congress. But his compromise has come at a price. Unless you belong to the Gandhi family, the party always stands supreme. That is what prevented then prime minister Atal Bihari Vajpayee from demanding the resignation of Gujarat chief minister Narendra Modiin the aftermath of the 2002 Godhra...
Ispat Industries: What Next for Rogue Company? The saga of Pramod and Vinod Mittal’s companies—Ispat Industries Ltd (IIL) and Global Steel—will probably be investigated only if employees and suppliers file cases. That the Mittals are defaulting on their repayment obligations has not been news for at least 15 years now. I first wrote about their defaults in the 1990s. In December, Moneylife learnt that IIL’s plants have been closed for over a month because of lack of funds and the stock exchanges have not been informed. The Mittals desperately need money from somewhere to get the plants running; and lending institutions, who have an outstanding of Rs7,400 crore after two rounds of corporate debt restructuring (CDR), are worried about their stock price and credit rating if loans to the Mittals have to be declared as non-performing assets (NPAs). So they have, once again, resorted to the charade that began in 2002—of threatening a change in management. With the Reserve Bank of India...
Holiday Reading : Should Afzal Guru be hanged till death........?? By Suman Mukherjee An India Today poll in late October showed that 78% of Indians supported the death penalty for Afzal Guru…!! On the 23nd of June 2010, the Ministry of Home Affairs has recommended the President's office to reject the mercy petition. On the 7th of January 2011, a whistle-blowing site indianleaks.in has leaked a document which states that the mercy petition file is not with President of India…… The barbaric punishment method called “Capital Punishment" which is existing since the Gupta era, does it really prevent the said elements? Do we really endavour, to eleminate its roots….??!! Let me being with: "Namaste sadaa vatsale matru bhoome Twayaa Hindu bhoome sukham vardhitoham Mahaa mangale punya bhoome twadarthe Patatwesha kaayo namaste". We live in strange times when blatant Communalism is promoted as Secularism and genuine Secularism is banished as Communalism; when N...
WINNING STROKES: THINK DIFFERENT: Yesterday's morning call to the PAID GROUPS, Camlin Ltd hit the 20% buyer freeze before cooling down a bit. The scrip was given to be purchased at Rs.51-5 2. The fall in Kohinoor Broadcasting Corporation Ltd was stopped today, after large scale buying was seen from the retail guys. This scrip is going to be multi-bagger going forward. It is trading at a considerable discount to its net intrinsic worth. The rest of the details are there in Yahoo Group SumanSpeaks and Yemkeys. Delta Corp Ltd recommended to the Paid Groups at Rs.83 last week, touched Rs.89.5 yesterday. DLF Ltd was recommended to the PAID GROUPS yesterday which touched Rs.260.35 yesterday. Some days back I spoke about the recommendation of Nelcast Ltd at around Rs.136 by a entity named Jumping Stocks, for a target of Rs.180. I had clearly mentioned that the stock is highly over-valued and should not reach that price unless there is large scale manipulation in the scrip p...
KOHINOOR BROADCASTING CORPORATION UPDATES: Kohinoor Broadcasting is trading at a considerable discount to its book value of Rs.10.63. What is most abnormal is that market cap is only Rs.19.4 Cr when it has successfully established a technically sound, state of art earth station around Chandigarh with an investment of Rs.22 Crores. This earth station has the capacity to uplink 8 TV Channels. Its 50, 000 sq.ft infrastructure, comprises of 7 studios like Virtual Studio, News Studio, Editing Studio etc. The company has already got license for KBC News and is in process of getting the approval for its 2nd channel KBC gold. A hot RUMOUR from the sources is that an overseas delegation is expected to come next month for signing of Solar Power contract with Kohinoor Broadcasting. The stock is expected to become multibagger from the CMP of Rs.1.72...
SUPPORTS COMING IN FROM MY WELL-WISHERS ON MY WRITING ON ICICI BANK: Dear Mr.Sumanji, Vow !!! Awesome !!! writing on ICICI BANK. Pen is mightier than sword, so goes the old saying, and the judge sitting knows how effective the pen is. Mr. Sumanji youare a crusader for small investors reading your blogg. We learn a lot from you. All may not have the talent to know the dept of market. A 'quickie'dekho of your blog keeps us comfortable and more important learned with such rich information. I can forsee such hoodlums bending on their kneels. Please put no rugs beneith, no extend olive branch, or waive white flag. Let the common man see, learn & make their judgement. Sumanji your time put on this blogg is something reader must understand.If Lalu has been invited by Oxford, I am sure atleast B schools willextend their Invitation to you. is IIM watching. Once must learn from a leader. Have we not read in the history books of a true fact of a powerful Raja, who realized his ...
Reliance Q3 net profit rises 28% The company posted a net profit of Rs. 5,136 crore from Rs. 4,008 crore a year earlier... Mumbai: Reliance Industries Ltd (RIL), India’s largest company by market capitalization, on Friday reported a net profit of Rs. 5,136 crore for the quarter ended 31 December 2010, a year-on-year increase of 28.1%. The growth in profit was accompanied by a 6% rise in revenue, which stood at Rs. 62,399 crore in the quarter under review. Net sales rose to Rs. 59,790 crore, from Rs. 56,860 crore a year earlier. RIL posted its highest ever quarterly profit on higher refining and petrochemical margins, but lagged market estimates. On a sequential basis, both the topline and bottomline grew marginally. While the net profit registered a 4.3% growth, revenue rose by 4.06%. RIL’s result, which were announced after market hours, came marginally below an earning estimate, based on a consensus of brokers, put out by Bloomberg. The Bloomberg estimate had pegged RIL’s net prof...
SBI beats Street estimate; net profit up 14% at Rs2,828 cr The bank posts a net profit of Rs2,828 crore in the fiscal third quarter ended December, versus Rs2,479 crore a year earlier Mumbai: The country’s largest lender, State Bank of India (SBI), on Saturday said its net profit for the quarter ended 31 December rose by 14.08% to Rs2,828 crore, up from Rs2,479 crore in the year-ago period, despite a rise in its loan loss provisions. A Reuters poll of 16 brokerages had forecast profit to grow 10% to Rs2,715 crore. During the quarter, the lender witnessed a healthy increase in its income from treasury, retail and wholesale banking but showed a slight rise in its gross non performing assets or NPAs, which rose to 3.17% from 3.11% in the year-ago period. SBI’s fee income, during the period, went up by 13.12% on a year on year basis. In the third quarter, while total income, during the quarter, grew to Rs24,726.73 crore from Rs21,145.40 crore, the bank said. SBI made a provision of Rs1,63...
Gold continues to slide on weak global cues, silver recovers NEW DELHI: Divergent trend developed on the bullion market today as gold fell for a third day by Rs 30 to Rs 20,370 per 10 grams on sustained selling influenced by weak global trend, while silver recovered Rs 150 to Rs 43,000 per kg on buying by industrial units. Traders said sustained selling by stockists in tandem with weakening global trend mainly influenced gold prices to trade in negative zone. Some low level buying by industrial units helped a recovery in silver prices , they said. On the domestic front, gold of 99.99 and 99.5 per cent purity lost Rs 30 each to Rs 20,370 and Rs 20,250 per 10 grams, respectively. Sovereign followed suit and traded lower by Rs 50 to Rs 16,800 per piece of eight grams. On the other hand, silver ready recovered by Rs 150 to Rs 43,000 per kg and weekly-based delivery by Rs 255 to Rs 42,700 per kg. Silver coins lacked necessary follow up support and declined by Rs...
Can you take any inference from these very clevely done Block Deals on Kohinoor Broadcasting Corporation ??!! Scrip Code:531366 Company Name: Kohinoor Broad For the period:21-Nov-2010 to 21-Jan-2011 Deal Date Scrip Code Scrip Name Client Name Deal Type * Quantity Price 20/1/2011 531366 Kohinoor Broad JMP SECURITIES PVT LTD B 597967 1.98 20/1/2011 531366 Kohinoor Broad INDRAVARUN TRADE IMPEX PVT LTD B 6179865 1.98 20/1/2011 531366 Kohinoor Broad BP FINTRADE PRIVATE LIMITED B 1199185 1.99 20/1/2011 531366 Kohinoor Broad INDRAVARUN TRADE IMPEX PVT LTD S 4878939 2.03 20/1/2011 531366 Kohinoor Broad BP FINTRADE PRIVATE LIMITED S 1088644 2.01 5/1/2011 531366 Kohinoor Broad INDRAVARUN TRADE IMPEX PVT LTD S 563007 2.80 3/1/2011 531366 Kohinoor Broad INDRAVARUN TRADE IMPEX PVT LTD B 1495326 2.89 3/1/2011 531366 Kohinoor Broad INDRAVARUN TRADE IMPEX PVT LTD S 1047605 2.92 3/12/2010 531366 Kohinoor Broad OUDH FINANCE & INV PVT LTD S 696288 2.35 3/...
ICICI BANK Threatens me....for my views on their inefficient, CMD, Chandra Kochcher and also for their inaction/hollowness..!! ICICI Bank sent me the following threatening mail, but why? Because they want to crush every voice which shows their inaction, their false commitments, hollowness, harassment, etc. They harass people in the name of security, flout RBI rules in matters of credit card defaults, harass people in the matters of getting cheque book in the home address, compulsorily ask people to go in for the debit card and so on--but when one exposes the same, they threaten to take action against the person.....what a nonsense..... IF ANYONE HAS ANY GRIEVANCE AGAINST THE BANK, THEY ARE REQUESTED TO SENT IT TO ME, IT WOULD BE PUBLISHED HERE FOR PUBLIC VIEWING....!! I shall answer to their mail in this blog only for public viewing, but later..... and no blog post will be removed--this is for sure. I have placed my opinion and I have used my right of freedom of speech enshrine...