Rumour Post On Halaal Street

[AmoghG]

hey sudoku............

Ur halal street is becoming famous dude..........

He just got lucky that's all...

 

[sudoku1]

He just got lucky that's all...

dont b so frustrated man....after all LUCK is the KEY to all success.....

 

[sudoku1]

give me more......!!!!!

Though general bullishness on Friday towards IT stocks lifted this counter too, market gossip has it that the company might soon announce a big order of about Rs 2,500-crore from an European firm.........

Tech Mahindra is owned by Mahindra & Mahindra (44.34 per cent) and British Telecommunication Plc (31.1 per cent) while Mahindra BT Investment Co Mauritius holds 8.19 per cent stake in the company........

 

[sudoku1]

STEAL THE SHOW..........!
buzz on dalaal street suggest...............

Steel prices are set to go up on the back of steep rise in raw material and freight costs.....
The substantial rise in iron ore prices in the last two-three months has exerted pressure on steel prices. Raw material prices have risen by nearly 12 per cent in the January-October period, driven by Chinese demand, keeping steel prices at high .......................
KEEP A CLOSE WATCH ON UR STEEL COUNTERS........

rumour after rumour.....nerves of steel ????

the street is red hot with buzz that Steel producers may be forced to hike steel prices in the next few months in the wake of the galloping costs of raw materials, including coal and iron ore. This was also indicated by officials of steel companies and analysts during the two-day Seventh Asian Steel Conference that began here on Friday.

In October, steel makers hiked prices by Rs 400 to Rs 800 a tonne across various products.......

 

[AmoghG]

The rupee appreciated quite heavily with all the currencies. I think you need to get your facts and its better you talk nicely rather than using words like moron.

Raj

I wa being rude to him because he's a troll who just spams each and every thread on the board with his Bulls Enter/Bulls Exit bullcrap every single day.

Anyway, read this article, HTH.

http://www.rediff.com/money/2007/dec/06dollar.htm

In recent months, the US dollar has depreciated against virtually all major currencies, most significantly against the euro and the pound and, to a lesser extent, against the rupee and other currencies in the Asian region. Why is this happening and what does it mean for the global economy?

The explanation is a simple one. When the supply of a good exceeds the demand for it, its price goes down. So it is with currencies, and that is exactly what has been happening to the dollar.

For many years the US has run a trade deficit with the rest of the world, paying for all those imports with its own currency, which has global acceptance. These dollars floating around in the global financial system should logically have caused the currency to depreciate, were it not for the fact that many of the countries which run a trade surplus with the US were eager not to see their currencies appreciate for fear that that might hurt their exports.

So they created an artificial demand for dollars by accumulating dollar reserves, which, in turn, were mostly held in the form of dollar-denominated assets, mainly US treasury securities. Thus was completed a circle which, in effect, resisted the immutable law by allowing simultaneously a large US trade deficit and a strong dollar.

But this artifice has begun to crumble in recent months and the burden of excess supply is beginning to show. A number of factors are contributing.

One, as a result of high oil prices, denominated and paid for in dollars, there is a new set of countries with bulging dollar reserves. These do not have the same compulsions as the Asian export-dependent economies. They are far more inclined to trade their dollars for other currencies, which they use to acquire assets in other parts of the world.

Two, many of the Asian economies, at least temporarily, stopped accumulating dollar reserves as these exerted enormous pressure on their monetary systems.

Three, some of these countries are also beginning to re-structure the currency composition of their reserves, as they begin to look outside the US for investment opportunities.

Finally, the slowdown in the US economy is pushing investors to look for better returns elsewhere, contributing to a further exodus of dollars from the US.

There is clearly a threat of a self-fulfilling prophecy in this scenario. As the dollar depreciates, many with dollar assets will try and convert these into some other currency, which will only speed up the decline of the dollar. While such a free fall is theoretically possible, it is rather improbable.

As affluent as the Asian economies are becoming, consuming more and trading more with each other, the US still remains a significant export market. In all likelihood, they will resist the appreciation of their currencies beyond a certain point, which imposes a floor for the dollar.

Meanwhile, the dollar depreciation has started to work on narrowing the US trade deficit. Further, foreign investors, particularly from countries whose currencies have appreciated sharply, now find attractive bargains in US long-term assets, such as real estate.

So while the outlook for the dollar is still very much downwards, a combination of market forces and intervention by countries wanting to resist appreciation will slow that movement considerably. Given this, it is unlikely to be highly disruptive.

Indeed, if the US narrows its trade deficit, the dollar may even stage a bit of a comeback.

 

[pathros]

British Telecom, through BT Singapore Pte Ltd, will shortly buy out (lock, stock & barrel) Frontline Technologies Corporation of Singapore. Frontline Technologies Corporation owns 51% stake in Accel Frontline and this will very shortly make Accel Frontline 51 per cent owned by the $18-billion British Telecom.

This development will bring excellent business opportunities to Accel Frontline. This is the biggest milestone in the (16-year) history of the company and will bring benefits to all stakeholders.

Experts note that this is a clear case of change in ownership and BT will have to come out with an open offer.

Kolkata-based jute baron, Mr Arun Bajoria, had picked up 10 per cent stake in Accel Frontline, from the market in the last few months.

Script is expected to more than double in short term. It is already shooting up.

 

[purnimat]

respected sir/madam,

i had a query to ask it would be great if you could help me out with this query

Query : an unlisted company gives its shares to its subdaries or public for Rs100/- and then it gets listed and its shares are valued at Rs60/- why does this happen???

and when this listed compay buy backs its shares it buy's it at Rs100/- and it shows in the exchange for rs60/-why does this happen???

please let me know the answer for the same and which guidelines in sebi or taxation would help me find this answer

thanking you and awaiting ur kind reply

Purnima Thakur

 

[pathros]

madam,
will u be a bit more forthcoming
i am no more into brain teasers & quizzing

 

[sudoku1]

smart moves.....????
some of the top picks of reliance mutual fund last week include....
> aurionpro soln.
> inox leisure
> radico khaitan......( timing the 31 st dec....??? cheers....!!! )

 

[sudoku1]

jhony jhony...yes pappa ,
eating sugar ??
yes pappa......!!!!

strong winds of a strong package of around 3500 to 4000 crs intrst free from the central govt is xpected for this sweet turning sector is doing rounds on the street.....

35 cos including the tata , birla groups ...including renuka , balrampur r said to b in race to bid for ailing bihar state sugar cos.....
insiders doing the art of trading.....? watch the timing of the abv rumours....