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Wednesday 29 February 2012

Market Update February 2012

1st March 2012,Thursday

Nifty Gained by 3.58% from the Previous Month
Sensex gained 11.25% from the previous Month

CNX Reality Topped the Indices Sector with 13.98% rise from January followed by CNX Nifty MidCap (11.27%),CNX Mid cap (8.52%) and CNX Auto (8.42%)

CNX Pharma was the only worst performer with a fall of -161%

Star Performers (Based on % increase from previous month): BGR Energy (59.44%),Saregama (52.71%),SKSMicro (50.67%) and Thomas Cook ( 44.90%)

Worst performers
PrakashCons (-34.56%),Pradip (-19.88%),Dish TV (-13.06%) and Glodyne (-12.52%)

Regards
KD


Markets Down

1st March 2012,Thursday

The National Stock Exchange's Nifty was witnessing profit booking as sentiments turned bearish after the US Federal Reserve chairman Ben Bernanke did not signal further stimulus package. According to dealers, the market is likely to move in a broader range for most part of the month.

While the ECB's second LTRO auction has seen robust demand, its counterpart across the Atlantic is not keen on additional stimulus. Federal Reserve Chairman Ben Bernanke has refused to play ball when it comes to QE3. He has not given any indication of further monetary support for the US economy. Stock indices in the US and Europe erased gains and closed lower following the disappointing commentary from Bernanke.

Asian markets are trading mixed and indecisive. However, the Chinese market is holding up following better-than-expected manufacturing PMI. Markets will also react to manufacturing PMI data from across the globe today.

The start is likely to be subdued as investors digest the disappointing GDP report. It is high time the 'powers that be' in New Delhi came up with substantial dose of tonic for the Indian economy. Though external environment and RBI's tightening have played a role in growth deceleration, policy inertia is as much to blame.

Keep an eye on monthly auto and cement volumes apart from the latest trade data," said IIFL report.

At 10:00 am; the Nifty was at 5320.65, down 64.55 points or 1.20 per cent. The broader index touched a high of 5372.45 and low of 5310.30 in trade so far.

The Bombay Stock Exchange's Sensex was at 17548.31, down 204.37 points or 1.15 per cent. It touched intraday high of 17717.53 and low of 17513.76.

BSE Midcap Index was down 0.66 per cent and BSE Smallcap Index moved 0.40 per cent lower.

Amongst the sectoral indices, BSE Realty Index fell 2.59 per cent, BSE Bankex slipped 1.95 per cent, BSE Capital Goods Index moved 1.80 per cent lower and BSE IT Index moved 1.58 per cent lower. BSE Healthcare Index gained 0.45 per cent,

BHEL (-3.38%), Axis Bank (-3.35%), ICICI Bank (-3.01%), DLF (-3%) and Infosys Technologies (-2.35%) were the major Nifty losers.

Sun Pharma (1.87%), Maruti Suzuki (1.81%), Hero MotoCorp (1.36%), Tata Power (1.31%) and Reliance Communications (0.95%) were the major gainers.

ONGC has launched its share sale auction today with a floor price of Rs 290 per share. The government plans to raise over Rs 12000 crore through this auction.

Market breadth was negative on the NSE with 441 gainers against 907 losers

As per the provisional data, Foreign Institutional Investors bought shares worth Rs 579.63 crore on Wednesday. FIIs bought shares worth Rs 25075.21 crore so far in the month of February against investment of Rs 10357.70 crore in January 2012.

Meanwhile, the Asian markets were witnessing a mixed session. Nikkei 225 was up 0.07 per cent, Hang Seng was 0.49 per cent lower and Strait Times edged 0.08 per cent higher.

Azim Premji and FAB India

1st March 2012,Thursday

Premji Invest, the investment fund owned by Wipro's billionaire Chairman, Azim Premji, has acquired a 7% stake in Fabindia for Rs 100-125 crore, valuing the storied ethnic-wear company at over Rs 1,500 crore.

Recently, L Capital, the private equity arm of the world's largest luxury conglomerate LVMH Group, also bought 8% in Fabindia from Wolfensohn Capital Partners, in a secondary deal, for a similar amount.

The US venture capital fund owned by ex-World Bank president James Wolfensohn had invested $10 million in the company in 2007. With the current round of funding, Fabindia will expand its operations both in the domestic and international markets, said Fabindia Managing Director William Bissell.

The company plans to open another 40 outlets in India, and expand in the overseas markets especially in the UK, where it already owns a chain of lifestyle stores called East, and also strengthen its backend infrastructure.

"We chose Premji Invest because we share a similar ethos," said Bissell. Founded in 1960 by a young American, John Bissell, to market the diverse craft traditions of India, Fabindia started off as a company exporting home furnishings.

Fifteen years later, its first retail store was opened in Greater Kailash, New Delhi, with a range of upholstery fabrics, durries, and home linens. Retail was a small part of the company's business until the mid-to-late 1990s, when William Bissell took over the company from his father John Bissell and transformed it into a national retail brand.

Today, Fabindia, known for its handcrafted jewellery and kurtas, besides household furnishings, pottery, organic food and handicraft, operates close to 150 outlets across major cities and small towns, including Raipur, Trichi and Karnal among others. It sells 66,000 products sourced from India's 212 districts.

Premji Invest and L Capital outbid at least a dozen private equity funds, including Bain Capital, Temasek, Carlyle, Everstone Capital, New Silk Route, Sequoia and KKR, that were in the race to invest in Fabindia.

"We invested in Fabindia as it blends commercial interest with a social objective," said Ravi Thakran, managing partner of L Capital Asia. "It has the potential to become a global leader and we will be glad if we could help it scale to that level," he added.

Rising consumer spend on luxury couture is leading to a sharp spike in private equity investment in the apparel sector in the country. Last year, L Capital invested about Rs 100 crore in Genesis Luxury Fashion and has plans to pick up additional stake in the company over the next one year.

Other private equity deals in fashion retail in the country include Franklin Templeton's investment in Mumbai-based Kimaya Fashions and Future Capital Holdings' fund infusion in Biba Apparels.






Silver Bullish

1st March 2012,Thursday

Investors have turned bullish on silver with the white metal posting an 18% gain in the last eight weeks. The metal rose by Rs 2,000 on Wednesday to touch a two-month high of Rs 61,350 per kg. In early January, a kg of silver cost Rs 51,000.

The rally is mostly driven by Greece bailout and speculation on crude oil prices following Iran-US standoff. The metal traded in the range of $33-34 per ounce on Comex on Tuesday.

Bullion traders in India hope the price may touch a record high of Rs 1,00,000 per kg by this year-end if the rally sustains. "People are coming back to silver trading after a few months. If positive sentiments remain, silver prices may go over Rs 1 lakh crossing last year's Rs 75,000," said Ketan Shroff, MD of Pushpak Bullions.

In the short term, prices may touch Rs 63,000 per kg. Silver prices have doubled in the last two years mainly due to global factors.

"India may import over 5,000 tonne this year due to a strong demand from investors," said Prithviraj Kothari, president of the Bombay Bullion Association. The nation imported nearly 4,800 tonne of the metal last year on expectations of a rise in industrial and investment demand.

Traders have built short positions because they expect prices to react sharply in the immediate future than in the longer run. They are quite bullish on silver as the metal has not seen a significant surge in the past few months. New traders have also taken position in the market and are trading larger stocks.

"A lot of new trades have taken place on MCX and NCDEX in the last two months and, especially, last two days due to the Greece bailout and Euro stabilizing factors," said Naveen Mathur, who is the research head at Angel Broking.

Madan Sabnavis, chief economist, Care rating agency, says, "The dollar-rupee stabilization has attracted new investors into the market. We expect the prices to go up by 35% at the end of 2012 given the fact that global factors stand positive for the metal."

Silver is used in a wide range of industrial applications and its price therefore is affected by the pace of global economic activity. About 50% of the metal's total demand comes from industrial applications whereas demand from jewellery, silverware, coin and medal manufacturers account for 35% of the total demand.

Tuesday 28 February 2012

ONGC to Launch $2.5 Billion Share Sale on Thursday

29th Feb 2012,Wednesday

State-run Oil and Natural Gas Corp will launch on Thursday a share sale through an auction that aims to raise at least $2.5 billion. The offering will close on the same day, the company said.

The government will sell 5 per cent of its holding, or about 428 million shares, in the offering and the floor price for the issue has been set at 290 rupees a share,ONGC said in a notice to stock exchanges late on Tuesday."Given the initial overwhelming responses from large institutional investors and some sovereign funds, the cut-off price is expected to be higher than the floor price," the source added.

The issue may not attract retail investors, who would be looking for a discount. "Retail participation is usually low in follow-on public issues, unless it is priced at a discount to market price. ONGC issue will see good institutional investor participation. There's good appetite for public issues of government companies," said Rashesh Shah, chairman and CEO, Edelweiss Group.

The government in the budget for 2011-12 had envisaged to raise Rs 40,000 crore through PSU disinvestment, but in about 11 months it could mop up only Rs 1,145 crore from stake sale in the Power Finance Corporation (PFC).

The government had earlier postponed stake sale in several state-owned companies on account of poor market conditions.

Government on Tuesday approved the sale through a share auction, Oil Minister S. Jaipal Reddy said, reviving the government's faltering divestment programme.

Shares of ONGC surged over 3% in early trade after thenews of share sale.

Yes I Love MARATHI - BY KEDAR

28th Feb 2012 Tuesday

Hi Friends.After a long time I am writing an article.First of all thanks to all those who appreciated and commented on my Propaganda of Marathi Bhasha Diwas.Every person should be proud of his mother Tongue.

It was an opportunity for all the Marathi loving people to spread Marathi through the biggest social networking site Facebook.If we will not utilize Facebook for this then whats the use of creating an account here.JUST TO UPLOAD PHOTOGRAPHS AND KEEP LIKING IT.Many of them made fun of me saying I have no work and typing all these nonsense,but these hypocrites never said this when I uploaded stupid poems and Photos.

But Unfortunately the response was very less as compared to my expectations.People were reluctant to post anything regarding their love for mother tongue thinking it would create a wrong impression of them among  their peers.Loving your Mother Tongue is old fashioned as per my so called high class educated sophisticated MARATHI friends.

If this continues I fear the Language will be extinct.The Community of parsis is getting lesser but still they are trying to preserve their existence in whatever possible way.But here we have voluntarily opted to kill Marathi.
Ever community in Mumbai whether its Gujarati,Catholics,Konkani or Bengali speak in their mother tongue when they interact with each other in public places like malls,trains,lifts,buses,markets etc

I mean Mr Mehta asks Mr Parekh in a crowded Train "Su lagech Market"(means how is the Market).But A Deshpande will ask Patil in 7.00 am Train "Today so Early".(I think these Marathi people forget their language when they see another Marathi.Maybe some kind of Phobia)

When we ourselves our degrading Marathi,how can we expect anyone else to respect it.Yes I am writing this article in English as I am from an English Medium and do not have that much of Vocabulary and also this blog does not support Marathi language apart from my keyboard.But that does not mean I should not appreciate my Mother tongue, at least I am praising MARATHI in English.What about you Guys?

Whatever anyone thinks of me after reading this Blog,I love MARATHI.

Regards
KD


Stock Market Update -28th Feb 2012

28th Feb 2012,Tuesday

Nifty: 5378.10 (96.90 points up)
Sensex: 17734 (288.41 points up)
Gold (MCX): 28728
USD/INR: 49.27

Nifty Gainers: Rel Infra (13.08%),Rpower (8.09%) and JP associates (7.43%)
Nifty Losers:Cairn (-2.71%),TCS (-2.00%) and ITC (-0.85%)

Sensex Gainers: BHEL (7.10%),Tata Motors (4.98%) and Hindalco (4.86%)
Sensex Losers: TCS (-1.78%),ITC (-0.85%) and Wipro (-0.73%)

Nifty Support Levels for Tommorow: 5326 and 5273
Nifty Resistance Levels for Tommorow: 5410 and 5443

Sensex Support Levels for Tomorrow:17584 and 17434
Sensex Resistance levels for Tommorow: 17830 and 17926


Regards
KD

Monday 27 February 2012

MARATHI PEOPLE HAVE ALWAYS BEEN AT THE TOP

27th Feb,2012 Monday

Whos says Marathi manoos sampla,tyachi mumbait kahich jaaga nahi,Marathi people rule everywhere in every field.Dont agree?then just read and see below

THE NIGHTANGEL OF INDIA


CRICKET: 1ST MAN TO MAKE A DOUBLE CENTURY IN ODI


WHO INVENTED THE FILM INDUSTRY IN INDIA - DADASAHEB PHALKE


THE MOST BEAUTIFUL ACTRESS WITH THE MOST BEAUTIFUL SMILE BOLLYWOOD HAD


THE FAMOUS BOLLYWOOD DIRECTORS




MAHESH MANZREKAR


OUR PRESIDENT


THE FAMOUS PHOTOGRAPHER WE EVER HAD


AND WE ALL KNOW THE GIVEN BELOW LIST



MY BLOG IS NOT ABLE TO ACCEPT MORE PHOTOS THATS THE THE LIST OF ALL SUCCESFUL MARATHI PEOPLE.MARATHI ROCKS MAN!!!!!!!!



Saturday 25 February 2012

MCX IPO

25th Feb 2012 Saturday





After rushing to bet on the initial public offering of Multi-Commodity Exchange (MCX), investors, long starved of maiden issues, will next try their luck in the upcoming share sale of ONGC.

The listing gains from MCX and the money investors make from ONGC's follow-on offer may pave the way for a revival in the primary market. The Coal India issue in October 2010 was the last significant IPO where investors made gains.

The MCX IPO, which closed on Friday, was oversubscribed 54 times, with the retail portion oversubscribed by a record 24 times till 6 pm. Bankers to the issue had to seek extra time from exchanges for uploading investor applications.

The bids from institutions and high net worth investors and corporates were oversubscribed 49.12 times and 150.35 times, respectively. MCX is the first Indian bourse to be listed. Investment bankers believe the success of its IPO will rub off on the proposed ONGCissue expected in early March. But the huge subscription can partly work against many investors, who may end up with only a fraction of the shares they have applied for.

The gains may be thinner for HNI investors, who have borrowed money to make a quick exit minutes after listing - a practice better known as 'first day first show' on Dalal Street. These investors are waiting to find out how the new rule on listing day price cap, which will be tried out for the first time with the MCX issue, works out.

OIL may Breach $150 a barrel

25th Feb 2012 Saturday





Oil, which touched $124 a barrel mark on Friday, appears set to touch a new record and breach the $150 mark on mounting Iran crisis. Analysts feel that the government is holding back from hiking fuel prices because of the ongoing elections and a steep hike is likely next month.

The highest that crude price has gone was $147 a barrel recorded in June 2008.

The Indian crude basket, which is pegged at $122 a barrel at present - its highest in the last nine months - is causing a daily loss of Rs 465 crore to oil companies on their sale of diesel, kerosene and cooking gas as retail prices have not been revised of late.

"Oil has surpassed our forecast price and is now trading at $124 a barrel. It will continue moving north on account of mounting Iran crisis. According to IEAforecast, the world has spare capacity of 3.8 million barrels, of which Saudi Arabia's capacity of 1.8 million barrels is never tested so oil prices will continue to go up unless there is a severe demand destruction," Jal Irani, MD, oil & gas at Macquarie Group told TOI.

He added that it will have severe impact on India as oil accounts for over 40% of India's imports and 80% of trade deficit.

Oil import bill is likely to surpass $142 billion this fiscal according to Prime Minister's economic advisory council ( PMEAC).

Friday 24 February 2012

Stock Market Updates - 24th Feb 2012

24th Feb 2012,Friday

Nifty: 5424 (-59.30 points)
Sensex: 17906.36 (-172.14 points)
Gold (MCX): 28740
USD/INR: 49.32

Nifty looks bearish as it has tried to fill the gap between 14th Feb and 15th Feb 2012.Nifty can test the level of 5317in the coming week as per the trend line breakout on daily chart.On the weekly chart of Nifty a Bearish engulfing pattern has been formed indicating bearishness for the next week.Still,to be on a little bit positive side,this weeks low has not crossed the low of previous to previous week (it was a doji pattern).Nifty has crossed the 13 week average below.

Nifty Gainers: Sterlite (3.61%), Tata Power (2.33%) and Coal India (1.43%)
Nifty Losers: IDFC (-4.44%),DLF (-3.66%) and Rel Infra (-3.64%)

Weekly Nifty Gainers: BPCL (4.37%),TCS (3.29%) and PowerGrid (2.24%)
Weekly Nifty Losers: JP Associates (-11.84%),DLF (-10.79%) and RCOM (-10.42%)

Sensex Gainers: Sterlite (3.65%), Tata Power (2.37%) and Coal India (1.41%)
Sensex Losers: HDFC (-3.63%),DLF (-3.44%) and L&T (-3.38%)

Nifty Support Levels for Monday: 5397 and 5334
Nifty Resistance levels for Monday: 5494 and 5565

Sensex Support Levels for Monday: 17770 and 17635
Sensex Resistance levels for Monday: 18120 and 18333

JODI BREAKERS

24th Feb 2012,Friday 





He's finally free, but he's also broke.

Our freshly divorced hero, Sid (R Madhavan , has been taken to cleaners by his ex-wife. She's got everything, including his much beloved car and a hefty alimony.

After shaking a leg with a few friends and a number of bootylicous bikini clad babes, who all seem to find Sid inexplicably sexy -- do you seriously just need to be single to be irresistible? -- it's time to get down to the business of making money.

He opts that the everlasting, multi-billion dollar global business -- love. Only Sid decided to give it a twist -- instead of bringing people together, he becomes the wedge that drives them apart. He becomes the Jodi Breaker, the provider of escape routes to unhappy spouses!

Business only booms after he runs into Sonali (Bipasha) and makes her his partner. Unfortunately, greed and love get the better of Sid, he takes a case he shouldn't and ends up breaking his own super-successful jodi.

But his heart is in the right place, so he goes about trying to set things right. The question is -- will all be right in the end?

Not really, not with this film. It won't be a happily after ever at the box office because Jodi Breakers, a film that had a lot of potential, is seriously flawed.

There could have been comedy, there could have been romance, there could have been moments that make you go Awwww!

Instead, the dialogues are juvenile, the situations are oft-seen (how many times have we seen a lusty love guru eye-balling a woman's curves!), the supporting cast fails to, well, support and lead pair share no chemistry.

Bipasha looks good, and adds a strong dose of oomph with the Bipasha number (see video here). If her brief was to look good, she's definitely fulfilled it. The song -- the song situation actually -- is another story, considering it's a pivotal part of the film.

Why would a club in Greece use a Bollywood song-and-dance act on its much-awaited opening night? And how many club-hopping Greeks really know about Bollywood?
But Greece itself -- azure water, beautiful blue sky, white-washed buildings reflecting the brilliant sunlight -- is beautiful.

Omi Vaidya, on the other hand, is not. Self-confessedly called Nano [ Images ] because he's 'small, sweet and affordable,' he is supposed to be the super-funny sex magnet. Unfortunately, he's anything but. He even has a speech -- a nod at his hilarious act in 3 Idiots --but it's a pale imitation.

We could, and will lay the blame at the dialogue writer's door, but Omi, there's only one Chatur Ramalingam. The Hindi film industry loves stereotypes and if Omi is not careful, he may just become a one-act man.

Even sweet adorable Helen can't help, though it's always nice to see her dancing, and her slightly bossy, lovable grandma act may remind you of her own grandmother. She's the one who really brings a smile on your face in the film.

Milind Soman [ Images ] and Dipannita Sharma are passable, you do have to give them an A for trying.

But there are two people here who should get a D minus.

Much of the dialogue is juvenile (written by director Ashwini Chaudhary). Here's an example: Marriage is the ultimate goal of love. No wonder then, they are delivered with an equal amount of disinterest.

And Madhavan, you need to be careful about your co-stars. If you are going to star in a film that features the superfit Bipasha, Milind and Dipannita, a pregnant tummy, jowly cheeks, a double chin and a failed battle with the bulge can only make you stand out. And not in the right way.Madhavan tries in spurts and there are flashes that remind you of what a good actor he is.

Thursday 23 February 2012

Uddhav Thackeray's pixs of Maximum Mumbai

24th Feb 2012 Friday

The lighthouse in Colaba built by the British in 1875, its light has a range of 30 kilometres.





The famous Gateway of India (external link) located on the waterfront in Apollo Bunder area in South Mumbai was built to commemorate the visit of King George V and Queen Mary.



This memorial (external link) was built to honour the 105 martyrs who died in the Samyukta Maharashtra movement. It is located next to the 25-foot high fountain, Flora, the Roma goddess.



A marvel of 'Victorian Gothic' architecture (external link). The headquarters of BrihanMumbai Municipal Corporation and Chhatrapati Shivaji Terminus of the Central Railway.



The seat of administration of Maharashtra state, this 21-storied building is about 71 metres high, and located at Nariman Point, Mumbai's central business district.



This historic park Shivaji Park (external link) has seen many historic events such as Samyukta Maharashtra Movement, the birth of Shiv Sena and the swearing in ceremony of the Shiv-Sena Bharatiya Janata Party government.
It is located in the Maharashtrian stronghold of Dadar.
Source Rediff.com

Stock Market Update - 23rd Feb 2012

23rd Feb,2012 Thursday

Nifty:5478.35 (-27 points)
Sensex: 18056.45 (-88.80 points)
Gold (MCX): 28746
USD/INR: 49.32

Nifty Gainers :BPCL (6.55%),HindUnilever (2.66%) and PowerGrid (2.55%)
Nifty Losers: JP Associates (-6.37%),Sesa Goa (-4.00%) and Sterlite (-3.81%)

Sensex Gainers: HindUnilever (2.48%),BHEL (1.60%) and Tata Power (0.90%)
Sensex Losers: Sterlite (-4.09%),HeroMotors (-2.95%) and Bharti Airtel (-2.00%)

Nifty Support for Tommorow: 5446 and 5415
Nifty Resistance for Tommorow: 5523 and 5568

Sensex support levels for Tommorow: 17957 and 17859
Sensex resistance levels for tommorow: 18202 and 18348

Wednesday 22 February 2012

BCB Finance IPO

23rd Feb,2012,Thursday


Mumbai based non-banking finance company BCB Finance is entering capital market with a public issue of 35.4 lakh equity shares of face value of Rs 10 each on February 23, 2012.

The company will raise Rs 8.85 crore through the issue, which will close on February 27 and the issue price is fixed at Rs 25 a share.

It is a small & medium enterprise and will be listing its shares on the BSE's SME platform.

BCB Finance operates as a non deposit taking non-systemically important non-banking finance company (NBFC-NDNSI) engaged primarily in the business of advancing loans and investing/trading in securities.
Company intends to use issue proceeds for augmenting capital base and fund requirements for increasing operational scale with respect to NBFC activities (with an outlay of Rs 7.5 crore).

Bagri family, a promoter, will reduce its stake to 69.22% from 100% via this issue.

Aryaman Financial Services Limited is the book running lead manager to the issue.

KingFisher Airlines to Lose Prime Slots

23rd Feb 2012,Thursday

Kingfisher Airlines may lose some of its prime slots in the country's major airports to rivals as a severe financial crunch forces it to cut flights further weakening its competitive position.

The airline is now left with only 28 aircraft and the company submitted a revised schedule comprising 170 flights against the 400 that it was originally supposed to operate. The surplus slots across the country will then go to rivals. The airlines cancelled more than 30 flights again on Wednesday.

"They need to come up with a new schedule, otherwise their [flying] slots will be cancelled and given to other airlines," British newspaper Financial Times reported on Tuesday, quoting EK Bharat Bhushan, director general of civil aviation

Industry experts say that it will be difficult for Kingfisher to hold on to slots even if it submits a revised schedule as technically to do that - a privilege referred to as grandfather rights - an airline needs to fly at least 80% of its schedule for the entire year, which is not the case with Kingfisher.

After the reduction of flights since November, eight of Kingfisher's slots at the second busiest airport in the country, Mumbai International Airport, are already taken over by IndiGo (two flights), Jet Airways (three), Air India (two) and SpiceJet (one).

Kingfisher has already pulled flights out from several cities like Kolkata - since, partially reinstated them - besides reducing the number of flights from other cities as well as from international routes.

Aviation experts say that vacant slots will only help rival airlines, especially at crowded airports like Mumbai or at airports like Goa and Pune where there are restrictions by the armed forces on the number of flights that can operate. "Kingfisher would try and protect its precious slots at airports like Mumbai and Delhi as it cannot afford to cancel them. The airline might, however, give up slots in smaller cities or excess ports where they will still find them vacant once they stabilise and want to resume," said Kapil Kaul, CEO, South Asia, Centre for Asia Pacific Aviation, an aviation consultancy and advisory firm.

Also, it is important that the airlines that pitch in to fill Kingfisher's slots must have the requisite number of planes when they commence their summer schedule and also for the rest of the winter schedule. The Indian aviation market currently has a problem of over-capacity and there is a supply-demand mismatch where, according to Kaul, 25% seats are still going vacant.

TOP BRIDGES


22nd Feb 2012,Wednesday

Millau Viaduct, France



Designed by the British architect Norman Foster and French structural engineer Michel Virlogeux, the Millau Viaduct spans the valley of the river Tarn near Millau in southern France.

It is the tallest bridge in the world with one mast's summit at 343 metres (1,125 ft) above the base of the structure.

Height: 343 m
Type: Cable-stayed
Use: Motorway



Sutong Bridge, China





The Sutong Yangtze River Bridge that spans the Yangtze River in China received the 2010 Outstanding Civil Engineering Achievement award (OCEA) from the American Society of Civil Engineers.

Two towers of the bridge are 306 metres (1,004 ft) high and thus the second tallest in the world.
The total bridge length is 8,206 metres (26,923 ft). It cost a whopping $1.7 billion to construct this bridge.

Height: 306 m
Type: Cable-stayed
Use: Motorway


Akashi-Kaikyo Bridge, Japan




The Akashi-Kaikyo Bridge also known as the Pearl Bridge, has the longest central span of any suspension bridge, at 1,991 metres (6,532 ft).

The bridge links the city of Kobe on the mainland of Honshu to Iwaya on Awaji Island by crossing the busy Akashi Strait.

Height: 298.3 m
Type: Suspension
Use: Motorway


Stonecutters Bridge, Hong Kong




Stonecutters Bridge is a high level cable-stayed bridge which spans the Rambler Channel in Hong Kong, connecting Nam Wan Kok, Tsing Yi Island and Stonecutters Island.

The bridge deck was completed in April 2009, making this the second longest cable-stayed span in the world, and opened to traffic on 20 December 2009.

The Stonecutters Bridge won the 2010 Supreme Award at the annual Structural Awards presented by the Institution of Structural Engineers, United Kingdom.

Height: 298 m
Type: Cable-stayed
Use: Road

Today's Stock Market Update - by KD

22nd Feb,2012 Wednesday

Nifty: 5501.90 (-105 points)
Sensex:18143.89 (-284.72 points)

Nifty Gainers: Sunpharma (1.10%) and TCS (0.79%)
Nifty Losers: Rcom (-9.60%),SBI (-8.19%) and Sterlite (-6.47%

Sensex Gainers: TCS (1.28%) and Sun Pharma (0.88%)
Sensex Losers: SBI (-8.19%),DLF (-6.84%) and Sterlite (-6.39%)

Nifty Support levels for Tommorow: 5452 and 5402
Nifty Resistance levels for Tommorow: 5590 and 5679

Sensex Support levels for Tommorow: 17985 and 17826
Sensex Resistance levels for Tommorow: 18413 and 18682

Regards
KD

China Economy

22nd Feb 2012,Wedenesday


A property sector downturn and slumping global demand may knock China's economy into a hard landing in 2012, a senior government economist told Reuters, putting more pressure on Beijing to speed up economic reforms and to open up the market.

The economy is not just slowing but is also haunted by over-investment that could constrain Beijing's options, said Shi Xiaomin, vice president of China Society of Economic Reform (CSER), a Beijing-based think-tank.

"A hard landing of the economy is possible this year as slackening domestic and external demand pushes (full-year) GDP growth below 8 per cent, probably even to 6-7 per cent," said Shi.

"More worrying is that such a slowdown is going hand in hand with a sharp decline in the overall economic efficiency."

The world's second-largest economy may even slip into a period of deflation late this year or next year, he added.

Shi is an adviser to the government, specialising in reform. His think-tank is under the under the National Development and Reform Commission, China's top economic planner.

Fears of a hard landing in China have gained traction as a stream of recent data, especially disappointing trade and credit data in January showed the turbo-charged economy is faltering.

China's manufacturing sector contracted in February for the fourth straight month as new export orders dropped sharply in the face of the euro area debt crisis, the HSBC flash purchasing managers index showed on Wednesday.

Shi's outlook is a contrarian one in China. Most government economists don't expect a hard landing, which in the Chinese context is typically defined as a sudden dip in quarterly GDP growth below 8 per cent, which could lead to big job losses that pose a threat to social stability.

Sesa Goa and Sterlite Merger

22nd Feb 2012,Wednesday

The Vedanta Resources group may mergeiron ore firm Sesa Goa with copper and aluminium maker Sterlite Industries as it tries to simplify a complex corporate structure and deal with challenges to its main businesses.

The exercise, which is still on the drawing board, will create agiant metals and mining firm with the third-biggest profit in the private sector after ONGC and Reliance Industries. It will have a combined market cap ofRs 66,000 crore, or about $14 billion, more than double that of Sterlite's nearest rival Hindalco Industries.

The merged entity would straddle across all major resources, including oil, iron ore, aluminum, copper, zinc and lead, and will make Sterlite's parent, Vedanta Resources, owner of the entire shareholding of recently-acquired Cairn India.

"Vedanta's stated strategy is to simplify and consolidate its corporate structure. The management reviews options to deliver this strategy on an ongoing basis and will update the market as appropriate," a Vedanta spokesperson said.

A Delhi-based law firm has been asked to work on legal requirements for the merger.

Tuesday 21 February 2012

MCX IPO

22nd Feb 2012 Wednesday

The initial public offer of the Multi Commodity Exchange of India (MCX) offers retail investors an opportunity to become a part of India's growing commodity trading business at reasonable pricing. The company is the leader in its industry with a robust business model, a strong balance sheet and consistently high cash flows without any major capex in future. Investors are advised to subscribe to the IPO.

Seven of the existing shareholders of the company, including the promoter Financial Technologies (FTIL), will be selling a total of 64.3 lakh shares. MCX won't be issuing any shares and hence no proceeds would accrue to the company.

The company represents a high-cash generating, low-capex business and is debt free. Its net worth stood at around Rs 1,073.9 crore as on December 31, 2011. Out of this nearly Rs 700 crore is cash or investments.

MCX posted a net profit of Rs 218 crore in the nine months to December 2011. On an annualised basis, this translates into a price-to-earnings multiple (P/E) of 15.1 to 18.1 depending on the lower and upper IPO price bands. Similarly, the IPO band is 4.1 to 4.9 times the book value of MCX shares as on December 31, 2011

GOLD Updates

22nd Feb 2012,Wednesday



Gold edged down on Wednesday from a 2-1/2-week high as concerns about Greece's ability to implement an unpopular bailout deal balanced out the gains triggered by the actual agreement, and slower factory activity in China contributed to the fall.

Spot gold rose to $1,759.84 an ounce in early trade, its highest level since February 3, before reversing course to fall 0.2 percent to $1,755.16 an ounce by 0330 GMT.

U.S. gold was little changed at $1,757. Cash gold staged its biggest one-day rise in two weeks on Tuesday, climbing 1.5 percent along with riskier assets after euro zone finance ministers gave the greenlight to the 130-billion euro bailout for Greece.

The euphoria quickly faded, however, as worries about implementation resurfaced, and data pointing at a continuous contraction of China's massive manufacturing sector added to the gloom.

Gold has been seesawing in the range between $1,700 and $1,760 since late January, tracking Greece's torturous path to securing the bailout, while physical demand provided limited support.

"We don't see a substantial amount of enquiries in the physical market, either from the industrial or the jewellery sector," said Dick Poon, manager of precious metals at Heraeus in Hong Kong.

China's physical demand has slowed since the Lunar New Year celebrations in January, and India's demand from its jewellery sector is also declining, Poon added.

Technical analysis suggested that spot gold could break above $1,760 and trade in the range between $1,766 and $1,771 during the day, said Reuters market analyst Wang Tao.

Thursday 16 February 2012

Stock Market Update for 16th Feb 2012

16th Feb 2012,Thursday

Nifty: 5515.55 (-16.40 points)
Sensex: 18126.03 (-76.38% points)
UD/INR: 49.38
Gold (MCX): 28145

Nifty Gainers: Hero Motors (4.34%),Jindal Steel (4.19%) and SBI (4.16%)
Nifty Losers: Coal India (-5.88%),Hindalco (-5.08%) and Tata Motors (-4.03%)
Sensex Gainers: Hero Motors (4.49%),Jindal Steel (4.30%) and SBI (4.11%)
Sensex Losers: Coal India (-5.44%),Hindalco (-4.81%) and Sterlite (-4.27%)

Nifty support levels for Tommorow: 5489 and 5462
Nifty Resistance levels for Tommorow: 5536 and 5557

Sensex Support levels for Tomorrow: 18051 and 17977
Sensex Resistance levels for Tommorow:: 18191 and 18256

Regards
KD

Kingfisher Results 2012

16th Feb 2012 Thursday


Kingfisher Airlines' losses mounted in the third quarter, taking the total loss to $240 million this fiscal year, as the ailing Indian carrier was squeezed by high fuel costs, a weaker rupee and fierce competition.

Cash-strapped Kingfisher, controlled by liquor baron Vijay Mallya, has become a byword for the debt-laden Indian airline industry savaged by rising fuel bills, dwindling cash and a stark lack of financing options.

"The company has incurred substantial losses and its networth has been eroded," Kingfisher said in a statement.

"Steep depreciation of the Indian rupee coupled with consistently high crude oil prices has led to a challenging quarter for the Indian aviation industry," the company added.

The company is around a quarter-owned by banks and its top lender State Bank of India has refused to add to loans it considers non-performing.

Kingfisher is in talks with distressed-debt experts but there are no signs of a guardian angel equity injection that executives have long promised. An entry into the potentially lucrative oneworld alliance was postponed this month as it scrambles for capital.

Unpaid staff have left in droves, and scores of flights have been cancelled to cut costs. Turboprop maker ATR, a joint venture of EADS and Finmeccanica, cancelled 38 plane orders from Kingfisher in January because the airline hadn't paid for the planes.

Wednesday 15 February 2012

India's First MonoRail

16th Feb 2012,Thursday




India's first monorail service will start operations in just six months.
Once completed, the Mumbai Monorail will be world's second longest Monorail corridor.
Construction began in January 2009, and the first portion of the first line is scheduled to be operational by August 2012.


While Section 1 from Jacob circle - Wadala will be 11.28 km, section 2 from Wadala - Chembur wil be 8.26 km. The section 1 wil be covered in 25 minutes and section 2 in 19 minutes. The design speed is 80 km/hr. Each monorail service will have four coaches can carry more than 500 passengers. Malaysia-based Scomi Engineering has joined hands with Larsen & Toubro to execute the Rs 2,716 crore (Rs 27.16 billion) project.

Regards
KD

A NEW LOOK - THANK YOU READERS

16th February 2012.Thursday

We have CHANGED



WE HAVE COMPLETED MORE THAN 100 POSTS!


So we decided to give this blog a whole new look with different colors.This was all possible because of my Team and all my blog viewers,Friends and Followers who encouraged me to keep updating this blog from time to time.I would personally as a owner and editor of this blog like to thank you all




Regards
KD

Stock Market Update for 15th Feb 2012

15th Feb,2012,Wednesday

Nifty:5526.60 (110.55 points up)
Sensex:18183.86 (335 points up)
USD/INR: 49.19
Gold (MCX): 28149

Nifty Gainers:Rpower (12.94%),JPAssociates (8.11%) and Tata Motors (7.71%)
Nifty Draggers:Reliance (-1.23%),Cipla (-1.00%) and HindUnilever (-0.73%)

Sensex Gainers:Tata Motors (6.96%),DLF (6.35%) and Tata Power (5.95%)
Sensex Draggers: Reliance (-1.20%),Cipla (-0.95%) and HindUnilever (-0.64%)

Support levels for Nifty: 5477 and 5428
Resistance levels for Nifty: 5558 and 5591

Support Levels for Sensex: 18051 and 17919
Resistance Levels for Sensex: 18273 and 18363


Regards
KD

Tuesday 14 February 2012

Nifty Weekly Outlook

15th Feb,2012,Wednesday


On the weekly chart,Nifty has crossed the 100 week average this week.Also the Nifty current level is well placed above the last weeks doji high indicating bullishness.If Nifty is able to cross 5527 then it can move up ahead and try to test 5930/34.

Regards
KD

Quarterly Results Tata Motors and Great Offshore

15th Feb,2012,Wednesday


Great Offshore
Great Offshore has surged 13% to Rs 121 after reporting almost five-fold jump in net profit at Rs 8.29 reported a net profit of Rs 1.83 crore in a year ago quarter.

The company’s total operational income grew 16% at Rs 230 crore, while the total expenditure declined 0.59% at Rs 167 crore on year-on-year basis. The operating profit margins improved to 53.24% from 39.49% and net profit margins to 4.12% from 0.94% during the recently concluded quarter.

A combined 908,861 shares have already changed hands on the counter so far, against an average around 500,000 shares that were traded daily in past two weeks on both the exchanges.


Tata Motors
Tata Motors has rallied 7% to Rs 286 on reporting 41% year-on-year (yoy) jump in consolidated net profit at Rs 3,405 crore for the quarter ended December 2011 on the back of better performance by British division Jaguar Land Rover (JLR). The company's consolidated revenues grew 44% at Rs 45,260 crore on y-o-y basis.

“The improvement in profit is largely because of the significant improvement in performance by JLR, where a richer product and volume mix and favourable exchange rates have helped operations,” said C Ramakrishnan, chief financial officer, Tata Motors.

A combined around one million shares have changed hands on the counter in opening deals on the NSE and BSE.

Kolaveri Brand

15th Feb,2012,Wednesday




Dhanush must be the most fair-haired boy in the country. Days after Emami signed an in-film placement deal for its Navratna hair oil in the Tamil actor-producer's upcoming film '3' that will feature the viral hit "Why this kolaveri di", rival Marico has roped in the soup boy to endorse its Parachute Advansed hair oil.

Both the companies say it's just a coincidence and that the actor's deal with the rival brand will not clash with their own interest. Confirming the deal with Dhanush, Marico Ltd Marketing Head Sameer Satpathy said his company's association with the "kolaveri di" singer-lyricist is a broader one compared to an in-film product placement, which has a shorter life span.

"We will structure a robust market campaign to leverage the brand ambassador's resonance with our target audience," he said. Dhanush, a well-known Tamil actor and son-in-law of superstar Rajinikanth, shot into international prominence recently following theYouTube release of "kolaveri di" in November, which became one of the biggest international viral hits within weeks.

It is expected that Marico, which has more than 23% share in the Rs 3,000-crore hair oil market in the country, will use Dhanush to promote Parachute Advansed Cooling Oil. This brand directly challenges Emami's Navratna, which dominates the Rs 700-crore cooling hair oil segment with more than half the market share.

Marico has been trying to make a mark in this segment with Parachute brand since the last two years now. Reacting to Marico's deal with Dhanush, Emami LtdCEO Krishna Mohan said, "Whether any brand will succeed in increasing its market share by roping in Dhanush will depend on how the brand plays the game and how we make our moves." He added,

Sensex Breaches 18000

15th Feb,2012,Wednesday

The Bombay Stock Exchange's Sensexgained momentum after a positive start and breached psychological resistance level of 18000 as sentiments turned bullish following rally in the Asian markets. Expectations of interest rate cuts on the back of easing inflation and hopes of economic reforms also boosted sentiments.

Rally was seen in Asian markets after the Bank of Japan said it will pump $130 billion more in the economy. There are reports that Bank of China will expand investments in Europe.

Back home, inflation in January slipped 6.6 per cent in January 2012 as against 7.5 per cent a month ago.

"As regards monetary policy, such a trend of easing price pressures should give the RBI confidence to move further on its path of reversing the monetary cycle. Therefore, given the tight liquidity deficit conditions, we expect another CRR cut by the central bank in March though as of now, a repo rate cut remains a close call with the RBI keenly watching the incoming data, particularly Q3 GDP, to assess the deterioration in the growth momentum," said Edelweiss report.

According to media reports, the government may go ahead with its divestments plans with stake sale in public sector companies ONGC and BHEL. This is likely to help government reduce its fiscal deficit.

Foreign institutional investors have turned bullish on the Indian markets and continued to pump in dollars in Indian equities. As per provisional data, they bought equities worth 1030.12 crore on Tuesday. The FIIs have invested 9588.68 crore so this month.

At 9:45 am; the Sensex was at 18073.12, up 224.55 points or 1.26 per cent. It touched intraday high of 18078.26 and low of 18000.30

The National Stock Exchange's Nifty was at 5481, up 64.95 points or 1.20 per cent. The broader index touched a high of 5484.45 and low of 5460.60 in early trad

UTV Quarterly Results

14th Feb,2012,Tuesday

Media and entertainment firm UTV Software and Communications today reported consolidated net loss of Rs 96.19 crore for the quarter ended December 31, 2011.

The company had a consolidated net profit of Rs 39.98 crore for the same quarter last fiscal, it said in a filing to the BSE.

UTV's consolidated net sales for the quarter under review declined by 38 per cent to Rs 158.43 crore from Rs 255.14 crore in the third quarter of previous financial year.

US-based Walt Disney Co is in the process of acquiring a controlling stake in UTV Software and Communications.

Last year, UTV had announced that Walt Disney Co has offered to buy out stakes held by public shareholders and other promoters of the company in a deal valued around Rs 2,000 crore.

Regards
KD

Tata Motors Quarterly Results 2012

14th Feb,2012,Tuesday

Tata Motors today reported 40.51 per cent jump in consolidated net profit to Rs 3,406 crore for the quarter ended December 31, 2011.

The company had posted a net profit of Rs 2,424 crore in the corresponding period last financial year, Tata Motors said in a statement.

The consolidated revenue during the third quarter also increased by 43.95 per cent to Rs 45,260 crore from Rs 31,442 crore in the year-ago period, it added.

Reacting to the numbers, shares of the company were trading 5.36 per cent up at Rs 272.10 apiece on the BSE in late afternoon. 

Regards
KD



Stock Market Update 14th Feb 2012

14th Feb 2012,Tuesday as at 3.30 pm


HAPPY VALENTINE DAY!

Nifty:5248.05 (37.85 points up)
Sensex: 17888.67 (115 points up)
USD/INR: 49.19
GOLD (MCX): 28192

Nifty Support Levels for tommorow: 5394 and 5361
Nifty Resistance levels for tomorrow: 5444 and 5461

Nifty Gainers: Rcom (5.69%),Tata Motors (5.40%) and LT (5.18%)
Nifty Losers: Cipla (-6.02%),Tata Power (-3.38%) and Siemens (-1.94%)

Sensex Gainers: Tata Motors (5.48%),LT (5.05%) and Maruti (3.44%)
Sensex Losers: Cipla (-6.26%),Tata Power (-3.56%) and ONGC (-1.67%)

Regards
KD

Monday 13 February 2012

SUN TV Quarterly Results

13th Feb 2012,Monday

Shares of Sun TV Network today plunged by over 6 per cent in a highly volatile trading session, as the company posted a 26 per cent dip in its third quarter net profits.

Sun TV's stock settled 6.05 per cent lower at Rs 319.90 on the BSE. it had tanked by as much as 7 per cent during the intra-day trade.

At the NSE, the scrip closed at Rs 319.35, down 6.29 per cent from the previous close.

In terms of volume, 1.53 lakh shares changed hands at the BSE, while more than 10 lakh shares were traded at the NSE.

Sun TV Network on Friday reported a 25.53 per cent decline in its net profit to Rs 167.88 crore for the third quarter ended December 31, 2011.

In a choppy trading session, the BSE barometerSensex ended with a modest gain of 24.15 points at 17,772.84.


Sail's Quarterly Results

13th Feb,2012,Monday

Hit by costlier raw material and forex loss, state-run SAIL today reported 43 per cent dip at Rs 632 crore in profit in the third quarter of this fiscal.

Steel Authority of India Ltd (SAIL) had posted a profit of Rs 1,107 crore in the October-December quarter of the last fiscal, it said in a communique to the Bombay Stock Exchange.

The total income of the company declined to Rs 10,729 crore against Rs 11,280 crore a year earlier, its raw material consumption grew to Rs 5,991 crore during the quarter against Rs 5,262 crore in the third quarter of last fiscal.

SAIL largely meets its iron ore requirement from captive sources, but it has to rely heavily on imported coking coal to fire the blast furnaces in the reporting quarter. Coking coal and iron ore are the two key raw materials for steel making.

Weaker rupee also negatively impacted the steel makers' bottom line to the tune of Rs 466 crore during the reporting quarter.

SAIL attributed the forex loss to "unusual and steep depreciation in the value of the rupee against US dollar and euro".

SAIL's scrips today provisionally closed at Rs 110.35 apiece, down 2.43 per cent over the previous day's closing.

Happy Valentine Day

13th Feb,2012,Monday

Let me introduce myself. My name is Valentine. I lived in Rome during the third century. That was long, long ago! At that time, Rome was ruled by an emperor named Claudius. I didn't like Emperor Claudius, and I wasn't the only one! A lot of people shared my feelings.




Claudius wanted to have a big army. He expected men to volunteer to join. Many men just did not want to fight in wars. They did not want to leave their wives and families. As you might have guessed, not many men signed up. This made Claudius furious. So what happened? He had a crazy idea. He thought that if men were not married, they would not mind joining the army. So Claudius decided not to allow any more marriages. Young people thought his new law was cruel. I thought it was preposterous! I certainly wasn't going to support that law!

Did I mention that I was a priest? One of my favorite activities was to marry couples. Even after Emperor Claudius passed his law, I kept on performing marriage ceremonies -- secretly, of course. It was really quite exciting. Imagine a small candlelit room with only the bride and groom and myself. We would whisper the words of the ceremony, listening all the while for the steps of soldiers.

One night, we did hear footsteps. It was scary! Thank goodness the couple I was marrying escaped in time. I was caught. (Not quite as light on my feet as I used to be, I guess.) I was thrown in jail and told that my punishment was death.

I tried to stay cheerful. And do you know what? Wonderful things happened. Many young people came to the jail to visit me. They threw flowers and notes up to my window. They wanted me to know that they, too, believed in love.

One of these young people was the daughter of the prison guard. Her father allowed her to visit me in the cell. Sometimes we would sit and talk for hours. She helped me to keep my spirits up. She agreed that I did the right thing by ignoring the Emperor and going ahead with the secret marriages. On the day I was to die, I left my friend a little note thanking her for her friendship and loyalty. I signed it, "Love from your Valentine."

I believe that note started the custom of exchanging love messages on Valentine's Day. It was written on the day I died, February 14, 269 A.D. Now, every year on this day, people remember. But most importantly, they think about love and friendship. And when they think of Emperor Claudius, they remember how he tried to stand in the way of love, and they laugh -- because they know that love can't be beaten!

Happy Valentine Day

Stock Market update 13th Feb 2012

13th Feb,2012,Monday

Nifty: 5382.90 (1.30 points up)
Sensex: 17759 (11 points up)
USD/INR: 49.19
GOLD (MCX): 28192

Nifty Support levels for Tommorow: 5349 and 5315
Nifty Resistance levels for tommorow: 5418 and 5454

Sensex Support levels for tommorow: 17667 and 17574
Sensex Resistance levels for tommorow: 17850 and 17942

Sensex Gainers Today: Hero Motors (2.45%),Tata Steel (2.21%) and Hindalco (1.99%)
Sensex Losers Today: Wipro (-2.66%),Tata Power (-2.57%) and Cipla (-2.29%)

Nifty Gainers Today: Rel Infra (5.18%),Sesa Goa (4.49%) and Kotak Bank (4.08%)
Nifty Losers Today: Sail (-3.27%),Wipro (-2.89%) and Tata Power (-2.71%)

Regards
KD




SRK

13th Feb 2012,Monday




Thousands of fans thronged the Berlin International Film Festival to catch a glimpse of Shah Rukh Khan at the Don 2 premiere. We caught some of the frenzy.

Last Wednesday, Theresa Hert made a 900-km trip by train from Leutville, Switzerland, to Berlin, Germany, to see her favourite actor Shah Rukh Khan.

She had first seen the actor six years ago in Santosh Sivan's Asoka, and according to her, that experience somewhat changed her life.

"He's a great movie star and a great human being," she says as she stands along the red carpet at Berlin's grand Freidrichstadt-Palast theatre.

She does not have a ticket for Saturday evening's sold-out premiere of Farhan Akhtar's Don 2 at the ongoing Berlin International Film Festival. But she stands there, hoping to catch a glimpse of the actor.

She reveals that she had been standing along the red carpet for eight hours and it's one of Berlin's coldest evenings. Her trip to Berlin, plus accommodation had cost her over 500 Euros. "It's crazy no?" she asks.

Hert is only one of the few hundred fans who stand by the red carpet, hoping to see their favourite Bollywood actor, Shah Rukh Khan. There is a huge demand for the premiere tickets and many fans were shut out.

To make matters worse, Shah Rukh was down with fever last week and nearly missed his trip to Berlin. First, he did not fly for the Don 2 press conference held on Friday and then his flight to Berlin was cancelled. Reliance came to the rescue and arranged for a private aircraft to fly the actor in time for the film's premiere.

That was just good enough for Ina Grimms from Hanover, who also did not get a ticket for the screening. But she still travelled 250 km to get a chance to see Khan in person.






"He's got the charisma," Grimms says about the actor.

Her first Shah Rukh film was Khabhi Khushi Khabhie Gham that she watched on television with German subtitles. But her favourite film is Om Shanti Om. Grimms also likes a few other Bollywood stars like Hrithik Roshan, Aamir Khan and John Abraham. But for her, Shah Rukh is the number one actor in the world.

"He's George Clooney, Brad Pitt, Tom Cruise combined together," she says.

Annette Goeckolda has travelled 800 km from Sandhofen to see Shah Rukh walk on the red carpet and then watch the film. Her husband, Martin points out that the trip had cost the two of them 1,000 Euros.

But why Shah Rukh? "I think it is the character after the actor," Annette says.

And although she had never seen him before, she said she could judge the star's character by watching his interviews online. She laughed out loudly when asked if she would spend 1,000 Euros to see Brad Pitt in Berlin, giving a look that suggests she is going to ignore the question.

Regards
KD

SBI Results Feb 2012

13th Feb,2012,Monday

State Bank of India, the country's biggest lender, beat market expectations with a 15 per cent rise in third-quarter net profit as interest income rose.

State-run SBI, which is exposed to some of country's biggest troubled borrowers, reported a net profit of Rs 3260 crore for the three months to December 31, up from Rs 2830 crore a year earlier.

Analysts, on average, had expected a 10 per cent rise in net profit to Rs 3120 crore, according to Thomson Reuters I/B/E/S.

The bank said in November it expected the margin to remain in a 3.5-3.65 per cent range in the current fiscal year ending in March.

SBI, which was downgraded by Moody's Investors Service in October because of its thin capital base and worsening asset quality, said its non-performing assets ratio was 2.22 per cent at end-December compared with 1.61 per cent a year earlier.

The bank is counting on a government capital infusion of $1.6 billion in the current fiscal year ending March 31, but has said it needs double that amount to maintain its capital adequacy ratio as it grows.

At 2:49 PM, shares in State Bank of India were trading at Rs 2149.00, down 1.08%.


Regards
KD




Worlds Finest Bank Headquarters

13th Feb 2012,Monday

Monte dei Paschi headquarters is seen in Siena.


The world's oldest bank Monte dei Paschi di Siena is still in existence. Headquartered in Siena, Italy, it has been operating since 1472.

Deutsche Bank.


A view of Romania's Central Bank headquarters in downtown Bucharest.



European Central Bank.



A huge Euro logo is pictured past the headquarters of the European Central Bank (ECB) in Frankfurt.


China Construction Bank



Societe Generale





Caixa Terrassa headquarters



Regards
KD

Sunday 12 February 2012

Coca Cola to revive Citra

13th Feb,2012,Monday

Coca Cola will revive Citra, a clear-lime drink it bought from Ramesh Chauhan two decades ago but junked in favour of Sprite, in a move that analysts believe is more to target price-sensitive consumer segments than to unlock the brand's heritage value.

A person familiar with the top beverages maker's plans said Citra will be priced about 20% cheaper than existing lime-lemon drinks such as its own brands Sprite and Limca as well as PepsiCo's Mountain Dew and 7 Up, to target a wider audience and take on smaller brands.

A Coca-Cola spokesman confirmed the company is introducing Citra in "a few towns in Maharashtra and Gujarat" on a pilot basis. This will be followed by a staggered launch across other metros and bigger cities.

The move has surprised industry watchers because Coca-Cola's Sprite, the second-largest soft drink brand in the country after Thums Up, leads the lime-lemon drinks segment, which is the fastest-growing soft drink category in India's 13,000-crore fizzy drinks market.

Among those surprised is Ramesh Chauhan, who created brand Citra and made it popular in the late 1980s and early 1990s.

"After keeping the brand in cold storage for so many years, it's strange they want to re-introduce it now, especially when they have a strong presence in the clear-lime segment," Chauhan said. "If they are looking for retention and heritage value, then logically even Gold Spot should be revived."

When Coca-Cola re-entered India in 1993, it bought out all Parle brands except Bisleri from Chauhan.

Friday 10 February 2012

Stock Market update 10th Feb 2012

10th Feb,2012,Friday

Nifty: 5730.85 (-41.50 points)
Sensex: 17748.69 (-82 points)

USD/INR: 49.60
Gold (MCX): 28242

Nifty
Support levels for Nifty Tommorow 5332 and 5293
Resistance levels for Nifty Tommorow: 5418 and 5466

Gainers in Nifty: Tata Steel (5.12%),Sail (3.95%) and Bajaj auto (2.25%)
Losers in Nifty: Hindalco (-4.34%), Rel Infra (-3.97%) and Ambuja Cement (-3.96%)

I still ask my friends to have patience as long as Nifty is above my crucial level of 5322 which I have been mentioning in all my articles.On the daily chart it appears that Nifty has made a formation of Bearish Harami.As per the weekly chart 5399 is a very crucial resistance for Nifty.Beware of this level.Surprisingly Tata Steel posted a smart recovery after posting an unexpected drop in Quarterly profits

As long as Sensex is above 17671,I am comfortable with Sensex.The Sensex has very very strong resistance at 18005.This was the 1st week after previous 5 weeks,that Sensex opened higher and ended lower.

Sensex
Support levels for Sensex Tommorow :17570 and 17419
Resistance levels for Sensex Tommorow :17881 and 18041


Regards
KD


Oil Price and Greece

10th Feb,2012 Friday

Oil prices were lower in Asian trade today as a bailout deal for debt-strapped Greece was once again put off, analysts said.

New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in March, shed 42 cents to $98.42 a barrel and Brent North Sea crude for March was down 19 cents to $118.40 in morning trade.

"Prices have dipped... On news that the Greek bailout deal is once again delayed," said Victor Shum, senior principal at Purvin and Gertz international energy consultants in Singapore.

"There still isn't sufficient confidence in the euro zone that the austerity measures taken by Greece will hold up," he told AFP.

Eurozone finance ministers yesterday postponed a decision on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three new conditions in return for aid.
The demands include additional structural spending cuts of 325 million euros ($432 million) for 2012, a written pledge from coalition leaders that they would implement austerity measures and an endorsement of the austerity measures by the Greek parliament.