Current news & Rumours in the mkt

praveen taneja

Well-Known Member
#41
The Week Ahead
Day Event
Monday, April 5
US Institute for Supply Management Non-Manufacturing Index, March
US Pending Home Sales, February
Tuesday, April 6
US Johnson Redbook Retail Sales Index
Minutes of the Federal Open Market Committee Meeting
UK Nationwide Consumer Confidence, March
UK Purchasing Manager Index, March
Wednesday, April 7
US Consumer Credit data, February
US Crude Inventories, week ended April 3
UK Purchasing Manager Index Services, March
Euro-Zone GDP data, Q4
Euro-Zone Purchasing Manager Index Services, March
Euro-Zone Producer Price Index, February
Japan’s trade balance data, February
Thursday, April 8
US Initial Jobless Claims, week ended April 3
Bank of England Interest Rate Decision and Asset Purchase Target
UK NIESR GDP Estimate, March
UK Industrial Production, February
European Central Bank Interest Rate Decision
Euro-Zone Retail Sales, February
Bank of Japan Monthly Report
India Primary Articles Inflation for week ended March 27
Friday, April 9
India’s Forex Data, Week ended April 2
US Wholesale inventories data, February
UK Producer Price Index, March
 

praveen taneja

Well-Known Member
#42
Corporate News Headline
• Larsen & Toubro said it has received an order worth Rs. 10.60 bn from Gujarat State Petroleum Corporation (GSPC) to build an offshore oil platform. (BS)
• Indian Oil Corp and its partners Marubeni Corp and Taiwan's TSRC Corp will invest Rs. 9.00 bn in setting up a unit to manufacture synthetic rubber for tyres. (BS)
• Central Bank of India announced that it's majority shareholder, the Government of India, had subscribed to perpetual non-cumulative preference shares worth Rs. 4.50 bn on March 31, 2010. (BS)
 

praveen taneja

Well-Known Member
#43
Economic and Political Headline
• Indian bank chiefs have told the Reserve Bank of India that credit growth will be over 20% in FY11 and they don't expect interest rates to go up soon, a senior banker said. (BS)
• Service industries expanded in March at the fastest pace since in more than three years, a sign the US recovery is extending beyond manufacturing and starting to create jobs. The Institute for Supply Management's index of non- manufacturing businesses, which make up almost 90% of the economy, rose to 55.4, the highest level since May 2006, from 53 in the prior month. (Bloomberg)
• Toyota Motor Corp. "knowingly hid a dangerous defect" that caused sudden acceleration and should be fined USD 16.4 mn, the biggest US penalty imposed on a carmaker, Transportation Secretary Ray LaHood said. (Bloomberg)
 

praveen taneja

Well-Known Member
#44
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 05-Apr-2010 2374.53 1608.46 766.07
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 05-Apr-2010 1392.47 989.14 403.33
 

praveen taneja

Well-Known Member
#46
The start of this new financial year requires additional effort from tax payers, as they need to be vigilant about their tax deduction at source (TDS). For some years now, there have been efforts made to ensure a particular procedure is followed for TDS and this includes disclosing the permanent account number (PAN).

Starting April 1, the punishment has been changed to a higher tax deduction for those who do not disclose PAN.

Tax at varied rates is deducted for various incomes and then the net payment is made to the beneficiary. The nature of income or earning, the person or entity receiving the income, determine the rate at which the tax is deducted. For instance, when a bank pays interest in excess of Rs 10,000 to an individual at a single branch, the tax is deducted at source from the interest earned. The individual will take a tax cut at the rate of 10 per cent plus an education cess.

As per the new guidelines applicable from financial year 2011, if a deposit holder does not provide the PAN, there is an obligation on the bank to deduct 20 per cent from the interest he earned, that is, double the rate applicable under normal circumstance. Here are some cases where the tax burden can suddenly jump higher for an individual. For better, easier understanding, the education cess is not taken into account.
 

praveen taneja

Well-Known Member
#49
Some Imp. news compilation


Yuan needs to respond to market forces - Romer - Reuters




IMF's head says world economy "not out of woods" - Reuters




U.S. expects acceleration of job creation - economic adviser - Reuters




UAE plans to set up federal credit bureau - Reuters




German temp agencies report strong rebound - Reuters




Abu Dhabi fund's new chief needs to find balance - Reuters




Dubai's Emaar to roll over $1.23 bln debt - Reuters




FEATURE - Starbucks goes upmarket with Seattle test café - Reuters




IMF draft raises 2010 world growth forecast - reports - Reuters




Apple's iPad unearthed: Samsung, LG appear - Reuters




Apple's iPad hits U.S. shelves; testing begins - Reuters




FACTBOX - Scramble for Apple iPad applications - Reuters




U.S. delays China yuan ruling ahead of Hu visit - Reuters




Apple iPad unearthed: Samsung, Broadcom, TI appear - Reuters




U.S. delays decision on China yuan manipulation - Reuters




Apple's iPad hits U.S. store shelves; tests begin - Reuters




UK's Mandelson attacks Barclays chief over pay - Reuters




Daimler tried to tie up with VW, BMW, Toyota - report - Reuters




Japan's Kan expects China to make wise decision on yuan - Reuters




NALCO says 2009/10 aluminium output up a fifth - Reuters




Japan's Kan: too soon for exit from stimulus steps - Reuters




Greek PM calls for end to cronyism, keeps support - Reuters




Maruti raises prices of several cars - Reuters




JAL to cut more international routes - report - Reuters




Feds oppose separate trials in insider trading case - Reuters




No criminal charges seen in AIG's collapse - CBS News Exclusive - Reuters




Wall St Week Ahead: Jobs, profit hopes may drive rally - Reuters




U.S. Treasury says bailout repayments reach $181 bln - Reuters




IMF fed E. Europe crisis to get work - Czech cen banker - Reuters




U.S. health law strips cos of sweet tax deal - Reuters




Summers: U.S. economy on path to growth - FT - Reuters




U.S.' Geithner eyes improved odds on China yuan rise - Reuters




Obama: U.S. starting to 'turn the corner' on jobs - Reuters




Morgan Stanley CEO pay tops Goldman's Blankfein - Reuters




Private sector hiring lifts U.S. March payrolls - Reuters




Geithner sees Republican support on U.S. reform bill - Reuters




Obama urges China's Hu to get behind Iran push - Reuters




White House: no decision on China currency report - Reuters




U.S.' Geithner eyes improved odds on China yuan rise - Reuters




GLOBAL MARKETS - U.S. stock futures gain on strong jobs data - Reuters




World Bank urges more Pakistan economic reforms - Reuters




White House warns of bumpy road ahead on jobs - Reuters




Maruti raises prices of several cars - Reuters




Mercedes sees Q1 sales up more than 10 pct - report - Reuters




Majority of Greeks say austerity steps unfair - poll - Reuters




China's State Grid in $1.5 bln India power plant deal - Reuters




Toyota to extend sales incentives - Reuters




Reuters Summit - U.S. short sale curb came from the heart, not head - Reuters




French study points to widening rich/poor gap - Reuters




Greece struggles to satisfy markets on funding plan - Reuters




ANALYSIS - Baseball hopes U.S. economy doesn't throw a curve - Reuters




China c.bank sees dollar strength, global inflation - Reuters




Asian shares rise on upbeat U.S. data, autos - Reuters




HSBC CEO, execs get 5.5 mln stg in bonus shares - Reuters




Tokyo's Nikkei share average closes up 0.37 pct - Reuters




ANALYSIS - Light is the key in SEC's U.S. market overhaul - Reuters




Taiwan's HTC says Apple suit not affecting operations - Reuters




Private equity investors increase clout - Reuters




DEALTALK - Offshore drillers face swelling M&A interest - Reuters




ANALYSIS - U.S. companies put up barriers to proxy fights - Reuters




Gold dips from 2-week high as euro pauses - Reuters




ANALYSIS - Under pressure, exchanges moving out of element - Reuters




A new quarter of caution and risk - Reuters




For Bharti bankers, it's third time lucky in Africa - Reuters




Samsung Elec hits record high on earnings hopes - Reuters




ANALYSIS - Rising yields could turn toxic for U.S. dollar - Reuters




BUY OR SELL - U.S. crude on the rise or under pressure? - Reuters




U.S. gives electric cars initial "0" emission rating - Reuters




Obama touts healthcare reform benefit to business - Reuters




Billion dollar bids seen at spectrum auction - Reuters




Beijing tells banks rely on HK to raise funds - paper - Reuters




Discounts drive U.S. auto sales rise, Toyota surge - Reuters




POLL - U.S. workers more confident of jobs, higher pay - Reuters




China headed for small March trade deficit - official - Reuters




Nikkei hits 18-mth high, pokes above resistance - Reuters




U.S. companies optimistic in China despite worries - Reuters




Wall St watchdog won't roll over - Finra CEO - Reuters




Nikkei may hit fresh 18-mth high on upbeat U.S. data - Reuters




It's not time to raise rates yet, Fed officials say - Reuters




Dollar jumps vs yen, stocks fly on factory data - Reuters




U.S. March auto sales jump 24 pct, Toyota rebounds - Reuters




U..S judge OKs settlement in Daimler bribery case - Reuters




Dow, S&P 500 rise on upbeat data; RIM curbs Nasdaq - Reuters




Green focus takes fantasy away from trade show - Reuters




U.S. factory, jobs data boosts hopes recovery to last - Reuters




IMF board briefed on Greece - IMF officials - Reuters




EXCLUSIVE - Recession spurs student lending in U.S. - Equifax - Reuters




The inside scoop on Lehman's collapse - Reuters




Oil ends at 18-month high, eyes jobs data - Reuters




Teva wins U.S. patent case on birth control pill - Reuters




U.S. health law strips companies of sweet tax deal - Reuters




Press China on yuan despite diplomatic help - Schumer - Reuters




Bus Blast Kills Indian Policeme - Wall Street Journal




India, Pakistan Feud Over Indu - Wall Street Journal




Mumbai Attack Trial Conclude - Wall Street Journal




Indian Efforts in Kabul Suspende - Wall Street Journal




Bharti Expects Regulatory Approvals on Zain Deal Soo - Wall Street Journal




India Sugar Output to Top Deman - Wall Street Journal




Mobile Number Portability in India By June 3 - Wall Street Journal




Wockhardt, Abbott Call Off Nutrition Business Dea - Wall Street Journal




India Food Inflation Accelerate - Wall Street Journal




India Fuel Prices to Rise from April 1 - Wall Street Journal




6 of top10 cos lose Rs 16K cr in market cap - Business Line




Indian ADRs gain $7 bn led by HDFC Bank - Business Line




MF industry AUM grow Rs 2.54 lakh cr in FY’10 - Business Line




Okaya invests Rs 137 cr to set up plant in HP - Business Line




Tata Motors pays Rs 1 cr lease rent on Singur land - Business Line




Nikasu plans two food processing units at Uttaranchal, Jharkhand - Business Line




ITC enters cigars biz - Business Line




Emami sets 19% growth this fiscal for Navratna oil - Business Line




Pawan Hans plans to tackle fire from sky - Business Line



Rate fluctuation hikes external debt by Rs 90K cr: RBI - Business Line




India has imported 3 M.T. of sugar so far - Business Line




Railways opt for European technology to prevent accidents - Business Line




India is interesting place for ArcelorMittal: LN Mittal - Business Line




Many former Dell employees may face SEC action - Business Line




‘Global banks may need to inject billions into UK biz’ - Business Line




Dubai’s Emaar Properties to roll over 4.5 bn dirhams debt - Business Line




Singapore wants immigrants to integrate with locals - Business Line




Another blast in Russia’s Daghestan - Business Line




India to cut satellite launch cost by half - Business Line




‘Exempt rural marketing from service tax’ - Business Line




‘Infrastructure, human resources hurdles for RTE Act’ - Business Line




IIM-C to invest Rs 180 cr on infrastructure - Business Line




Dubai seeking to boost exports to India - Business Line




DGCA drafts rules on licensing of air traffic controllers - Business Line




Biometric PAN cards put on hold - Business Line




Govt defers price hike plan for APL foodgrains - Business Line




All-party meet convened tomorrow on Women’s Reservation Bill - Business Line




$1 bn World Bank loan for urban projects - Business Line




PE-backed deals decline 35% to $26.6 bn in Jan-Mar’10 - Business Line




NCMSL plans to raise Rs 400 cr for expansion - Business Line




‘India, Afghanistan must cooperate to boost trade’ - Business Line




Ericsson says WiMAX may not work effectively in India - Business Line




Cnergyis targets public sector to drive growth - Business Line




MGF.com enters India, to invest $10 mn over 5 years - Business Line




Zen Mobile to launch handsets for rural markets - Business Line




Tricom eyes overseas buys in 6 months - Business Line




Union Bank may touch Rs 3 lakh cr this quarter - Business Line




Liberty Shoes to add 60 outlets this fiscal - Business Line




Special e-waste bins in Delhi to dispose of old batteries, phones - Business Line




Tamil Nadu orders survey of school dropouts of 6-14 years. - Business Line




Ganjam dt to become total banking district in Orissa - Business Line




New B-school coming up in Pollachi - Business Line



Resistance at 5,330 - Business Standard




A bad monsoon could queer the pitch for gold - DNA Money




Rupee to stay on firm footing as risk appetite improves - DNA Money




Humble netbook looks set to eat Intel's notebook lunch - DNA Money




Pay your phone bill on time. The banks are watching - DNA Money




EU still uses and sells pesticide it banned in 2007 - DNA Money




Inflation pivotal amid heavy supply - DNA Money




What can Tiger Woods do to rebuild his brand? Win - DNA Money




India provides a large market and a talented pool of game writers - DNA Money




National Highways Authority of India to tighten norms for bidders - DNA Money




Hindustan Zinc commissions Rajasthan unit three months ahead of schedule - DNA Money




JSW Steel to expand Bellary unit by 60% - DNA Money




Cement, PSU banks look undervalued: Rajat Rajgarhia - DNA Money




Verizon, Telcordia, Etisalat on agenda - DNA Money




This financial crisis is not any different - DNA Money




Rising interest rates challenge for debt funds - DNA Money




Are revised budget estimates for 2009-10 credible? - DNA Money




IT industry is looking at Nordic countries for more business - DNA Money




Crude may break out at Rs3,850 if rise is backed by high volume - DNA Money




Distressed assets get a look in from HNIs again - DNA Money




Options indicate strong support for Nifty at 5200 - DNA Money




ETASHA trainees walk the ramp with Ekta - Financial Express




Paes-Dlouhy pair clinches Miami Open - Financial Express




Many Ex-Dell employees may face SEC action - Financial Express




Actors are very vulnerable: Vivek Oberoi - Financial Express




Shoaib's past will do him no good: Akram - Financial Express




Bullock ‘has made up her mind’ to divorce James - Financial Express




Secret Harry Potter script left in a pub by boozy film crew! - Financial Express




Michael was always in denial about drug use: Janet Jackson - Financial Express




Hyundai clocks domestic sales of 31, 501 units - Financial Express




101.54 mn mobile phones sold in India in 2009 - Financial Express




Billion dollar bids seen at 3G auction - Financial Express




JW Marriott to spend $2 bn to set up properties - Financial Express




IndiaMART.com celebrates 14 years of grand success - Financial Express




Hexaware joins with Oracle Tuxedo to offer legacy modernization - Financial Express




Volkswagen India 1st anniversary celebration was a major highlight for employees - Financial Express




HCL introduces Desktop Home Computing 2.0 - launches the new Beanstalk range - Financial Express




Green focus takes over fantasy at Auto Show - Financial Express




Tata Motors’ sales up 38.01% - Financial Express




India Yamaha Motor sales up 27 pct in March - Financial Express




Toyota Kirloskar raises prices of its vehicles - Financial Express




Glenmark gets USFDA nod for drug - Financial Express




British media revels in April Fools' tradition - Financial Express




Milk sells @Rs 100/ltr - Financial Express




M&M domestic sales up 16 pct in March - Financial Express




Ford's March sales treble to 9,478 units - Financial Express




GM India's March sales at 11,330 units - Financial Express




IndiaMART.com sponsors India Packaging Show 2010 - Financial Express
 
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praveen taneja

Well-Known Member
#50
The Special Undertaking of UTI is looking to sell its entire 17% stake in Stock Holding Corporation of India for about Rs 300 Cr. It the deal goes through at this price, it will value SHCIL at Rs 1765 Cr.

It will first offer the shares to its existing shareholders. It's current shareholders includes IDBI Bank, ICICI Bank, IFCI, GIC and LIC.
 

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