SumanSpeaks: The Information Super Highway

  ~ : US sto cks jump 3% on joint central banks' mov e :~ NEW YORK: US stocks jumped three percent in early trade on Wednesday after a joint move by major central banks to ensure that the global financial system could weather the severe stress in the eurozone. In an announcement before the Wall Street markets opened, the central banks of the United States, the eurozone, Britain, Japan, Canada and Switzerland said they would make cheaper US dollars available to commercial banks facing a lack of liquidity in the markets, a move understood targeted at strained European banks. At around 1530 GMT, one hour into trade, the Dow Jones Industrial Average was up 401.05 points (3.47 percent) to 11,956.68. The S&P 500 added 40.45 (3.38 percent) at 1,235.64, while the Nasdaq Composite rose 84.38 (3.35 percent) to 2,599.89. The markets also got a boost from a clutch of positive US economic indicators: private-sector job creation jumped more than expected in November, a key business barome...

~: WINNING STROKES: THINK DIFFERENT :~ The Nifty achieved the 1st target today, as was mentioned in the morning mail to the Paid Groups. The following message was sent to the Paid Service Members: "The bounce back from the level of 4640 suggests a pause in the ongoing downtrend. A short term rally has started. Long positions may be taken with a stop below 4640. Next Nifty, Targets: 4840--5045--5105. SL--4770--4780". Now how will the markets behave tomorrow? This message will be sent to the Paid Members. The Retail Scrip, Koutons Retail Ltd (closed at Rs.20.70 after touching Rs.21.50) recovered after the UPA decided to become gung ho with the FDI in the sector. I think FDI in retail space is now a reality. Also, if this happens then, most of the other counters connected in this space are likely to shine: Pantaloon Ltd, Shoppers Stop Ltd, Vishal  Retail, Stores One Retail Ltd, etc. Koutons Retail India Ltd earlier informed BSE that the Company proposal for Debt Restructuring ...

~: FDI in retail: Won’t step back on Retail FDI, says PM Dr.Manmohan Singh :~   NEW DELHI: Prime Minister Manmohan Singh has rebuffed calls to reverse a decision to open up India's retail sector to global giants such as Walmart Inc, asserting the move will help farmers and consumers, increase employment and modernise a sector dominated by small stores. "I am confident that foreign direct investment in retail will help to bring modern technology in the farm sector, less wastage and more jobs," Singh said at a meeting of the Youth Congress, which is headed by Rahul Gandhi. The PM said he was confident that owners of small shops would be able to compete with large retailers. Congress President Sonia Gandhi, who spoke after the prime minister, did not comment on the political storm over retail, choosing instead to focus on corruption. The government has two options, political observers say. It can stick to its decision, facing down concerted opposition, including some from ...

~: WINNING STROKES: THINK DIFFERENT :~ Rolta India Ltd moved to Rs.61.75 before cooling down a bit. A couple of days  back, it was mentioned in this blog that the stock has almost bottomed out around Rs.55--56. Today it came out with announcement that: it has launched New Solutions and Services Focused on Oil & Gas and Alternative Energy Sectors. Koutons Retail Ltd fell today, due to lack in clarity regarding FDI, in the retail sector. However,  FDI in retail is now a reality and all these drama staged by the opposition will only given UPA more and more support. When the opposition parties, led by the BJP, will understand this, they would simply tone down their rhetoric.  The company some month back, decided to increase the authorized share capital of the company to Rs.200 Cr. Also, Special Resolution under section 81 (1A) was passed by the shareholders where by the board was authorized to create, offer, issue and allot, in one or more tranches, through public issue, ...

Finance Minister Pranab Mukherjee admitted: there was no direct link to prove that interest rate hikes helped ease price rise ....  So, why is mindless rate hikes are going on? The whole RBI team including Dr.Subir Gokarn, should resign...!! The Jokers, who want to bring down growth rate to 5%...Huh!! New Delhi, Nov 29: With inflation remaining stubbornly near double digits in the last two years despite an aggressive monetary tightening policy by the Reserve Bank of India (RBI), Finance Minister Pranab Mukherjee Tuesday admitted that there was no direct link to prove that interest rate hikes helped ease price rise. 'There is, as such, no direct one-to-one correspondence between the quantum of increase in interest rates and reduction in the level of inflation,' Mukherjee said in written reply to a question in the Rajya Sabha. The RBI has raised key policy rates five times in the current financial year and 13 times since the beginning of 2010 to control price rise. ...

~: BJP admits it promised FDI in retail in 2004: The Party needs serious Retrospection :~   Toeing the Leftist Regressive Lines might usher in disasters, both for the BJP and the TMC (All India Trinamool Congress )... .. Much to its embarrassment, the BJP, which is vehemently opposing FDI in retail, today admitted that the 2004 election manifesto of NDA had promised to allow 26 per cent FDI in the sector, and tried to explain away the volte-face on the issue. "It is a reality. We have not denied it. But in 2009 we had changed it. In 2004, the NDA may have seen some merit.... We are not against the concept of FDI but not in retail. There may have been some rationale for it in 2004," Leader of Opposition in Rajya Sabha Arun Jaitley told reporters in reply to a question. Defending the change in stand by the BJP, which has firmly maintained that its position on the FDI issue was "non- negotiable", party leader Sushma Swaraj said that one could always revise one's...

~: FDI in retail: Stop politicising, look for bigger benefits: CII: ~ NEW DELHI: Urging opposition parties and state governments to stop politicising the issue of foreign direct investment (FDI) in multi-brand retail, a leading industry body said on Monday that allowing global players in the sector will create more jobs and benefit consumers. "People should stop giving it a political overtone and look for it with the benefit of view to their state, their labour in terms of employment and of course the benefit it offers to the consumers at large," Thomas Varghese, chief executive officer, Aditya Birla Retail Limited told reporters on the sidelines of a CII event here. The Confederation of Indian Industry (CII) said allowing foreign equity would help organised retail grow to $260 billion by 2020. According to CII, the move would increase income of producers across sectors by $35-45 billion per year, create 3-4 million jobs with the retail chains and 4-6 million jobs in the l...

~: FDI in retail: Why the politicians are illogical, and have got it wrong :~ So much has been written and said about allowing  51 percent foreign direct investment in multi-brand retailing. Over the weekend, politicians have been frothing at the mouth over the “job losses and destruction to the local retail industry” the central government’s decision will entail. Frankly, those arguments seem more driven by political expediency than any economic logic. According to a PTI report, 28 out of 53 cities are expected to place hurdles to foreign retailers setting up shop. That’s because these cities are located in 11 states ruled by political parties opposed to the decision to ease FDI rules in multi-brand retail. The politicians are missing the wood for the trees. PTI Tamil Nadu J Jayalalitha has already announced that she will not allow foreign retailers into the state; so have Uttar Pradesh’s Mayawati and Bihar’s Nitish Kumar. The cities in which global giants like Wal-Mart and Carr...

~: FDI in Retail: A Pragmatic Move by the Government : ~ The Opposition Parties' holding the Parliament Sessions, at Ransom, is Farcical, Ridiculous and Hilarious. It needs condemnation from all the sane people..... After Dr.Amit Mitra, donned the hat of Finance Minister of West Bengal or Bangla, I thought a new dawn will user in West Bengal, but how mistaken I was in this regard as TMC joined the BJP, in their opposition to the government's move to grant FDI in the retail sector. It seems after assuming the chair, Dr.Mitra is simply parroting the lines of his Leftist predecessors. I have always adored Dr.Mitra for his non partisan and progressive views from the time I know him, but this time I am disappointed by his parochial attitude---so sorry to see his wings being clipped by the TMC leadership. Anyway, let us now deal with the straightway.  The government on Thursday approved 51% foreign direct investment (FDI) in supermarkets, paving the way for firms such as Wal-Mart St...

~: Rolta Ltd seems to  have bottomed out :~ Rolta India Ltd would be beneficiaries of the rupee depreciation against the USD It seems BJP and its allies have NO innovative issues to pursue at the present moment, except those beating the bush and hackneyed kind of concepts of stalling the government's move on FDI in Retail Sector. Huh!! Cheap Fellows!!  They should see how the equity market can be revived instead of killing the golden goose. Poor Think Tank!!

FDI in retail: Which stocks to bet on? Nachiket Kelkar Retail stocks surged 10-20% on Friday as the market cheered the government’s decision to allow 51% foreign direct investment [F DI] in multi-brand retail and 100% FDI in single-brand retail. Pantaloon Retail gained the most, up 17% in morning trade. But is it really a good time to buy retail stocks? Most retail stocks have been hammered this year, weighed down by ballooning debts, slowing sales and lack of clarity on FDI till now. Since April, shares of Pantaloon, Koutons and Vishal Retail have fallen between 30-37%. Opening the doors for 51% FDI in multi-brand retail will give a big fillip to domestic retailers, as it will help them pare debt and scale up operations. Pantaloon Retail had a debt of over Rs 4,000 crore as of June. Koutons Retail and Vishal Retail too have debts of around Rs 700 crore each. "The decision to open the retail sector’s doors has come at the right time when global players, facing headwinds in their h...

~: A Shot In The Dark :~ The economic forecast remains gloomy. Is FDI in retail enough of a boost? Pragya Singh , Arti Sharma At a business conference last week, an industrialist confided, ruefully, that even the youngest workers at his firm seemed to “get tired very quickly”. He feared they were not eating well enough. Days later, a Delhi-based market analyst confessed that he has taken to laughing at any data that signals further industrial decline. “No sector is doing well, there’s nothing to cheer, but at my age it just won’t look good if I cry,” he says. At another conference in the capital, an exporter is rebuked by a young minister for being “obsessed with China”—that is so yesterday. You know the world’s changed when the conference circuit’s worries expand to malnourishment in junior staffers, when analysts mock a slowdown and ministers want to forget the ever-looming threat of inexpensive Chinese imports. “It’s a different world,” agrees Jagannadham Thunuguntla,...