Archive for August 2011

TROUBLE AGAIN AT MARUTI'S MANESAR PLANT

Maruti Suzuki India stopped production at its Manesar facility on Monday. The company asked workers to sign a "Good conduct Bond" before entering the factory premises following alleged quality issues. " The management wants us to sign an undertaking

COAL INDIA TO ENTER NIFTY

State-run Coal India will replace Anil Ambani's Reliance Capital in the National Stock Exchange's Nifty 50 index from October 10. Coal India Logo Earlier this month, Coal India had replaced another Anil Ambani group firm Reliance Infra from BSE's blue

A RESIGNATION THAT ERASED $52 BILLION FROM S&P 500

The decision of Mr. Steve Jobs to step down as Apple Inc's Chief Executive Officer erased as much as $52 billion from the benchmark gauge for US stocks, futures trading shows. Inventive Genius- Steve Jobs On last Wednesday, Mr.Steve Jobs, who had turned

TD POWER SYSTEMS LIMITED IPO

T D Power Systems Ltd. (TDPS), one of the leading manufacturers of AC generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbine generators, vertical hydro generators etc. They Tuesday(23/08/2011) announced

IS INDIA INC. IN TROUBLE...???

When we observe the Q1 results of the companies included in CNX 500, we can see a lot of terrible facts. 40 percent of the CNX 500 companies report profit drop in the first Quarter of this fiscal (April-June 2011) from a year ago. The important point

INFOSYS OR COGNIZANT....????

Economic people are interestingly watching the software war between the globally recognized multinational companies, Infosys and Cognizant(CTS). As Mr. N.R Narayana Murthy's Infosys innings came to an end, he referred to Infosys in his latest

ITS JUST LIKE A WORLDWIDE BUYERS STRIKE

It was a horrible month for the Indian bounces so far. The replica of 2008 seems to have returned to attack Indian investors with the stock market showing no signs of bouncing back. The negative signs coming from within the country such as inflation,

COAL INDIA BECAME THE LARGEST-LISTED ENTITY

The most interesting data is out.... Finally the competition between the two natural resources giants, State-owned Coal India Ltd. (CIL), Wednesday overtook Mukesh Ambani's Reliance Industries Ltd. (RIL) and became the largest listed entity in terms

MUTHOOT FINANCE ISSUES NCD

India's largest gold loan NBFCs company Muthoot Finance is issuing NCD (Non -Convertible Debentures). Muthoot Finance Ltd has reserved 60 percent of it's Rs.500 crore maiden NCD issue for retail investors. The company has a greenshoe option of an additional

S&P DOWNGRADE IMPACT, 1,129 STOCKS HIT 52 WEEK LOWS

Receding FII inflows, poor corporate performance, and uncertainty on the domestic macro-economic front have sent several stocks to their 52 week lows in the last 10 days. According to the data from Bloomberg, the major global provider of 24 hour

HOW CAN WE MEASURE THE LIQUIDITY OF A COMPANY

Yesterday I came across an interesting article in Business Line, written by P.Saravanan and N.Sivasankaran. The article was about how can we calculate the liquidity of companies. A short description of that article is given below. Accountants in fact

SHORT-SELLING BAN BY 4 EUROPEAN NATIONS

France, Italy, Spain and Belgium temporarily banned short-selling of Financial Stocks. The main reason for this is after speculators forced European bank stocks to their lowest level since the credit crisis began. This decision made by the government

S&P IMPACT; INDIAN EQUITIES DOWN STILL

Indian equities closed in red on Friday although most of the Asian markets and markets in Europe and US were in positive side trading in green. The market experts says that the main reason for this bearish trend is the increase in the inflation numbers

TATA MOTORS, MARUTI SUZUKI FOR THE BIG DEAL

World's cheapest car Tata motor's Nano and the company's most popular Light Commercial Vehicle(LCV) Ace are set to roll out from new factories around the world, as early as in the coming year. Tata Motors In order to increase the global penetration,