Madhucon Projects faces profit squeeze
The three projects will add around Rs500 crore to the order book, which at present is around four times 2008-09 revenue of Rs1,045 crore Go to Source
Archive for February 8th, 2010
Sebi settles HFCL share price rigging case with consent order
HFCL paid Rs10 crore to settle the case that dates back to 1999-2001 Go to Source
Estimates show weak investment demand
The GDP estimates for the full year have a 2004-05 base, while the earlier estimates for the first half were on a 1999-2000 base, but that shouldn’t make too much of a difference in growth rates Go to Source
SC to examine Punjab plea on VAT provisions
The Supreme Court has decided to examine the plea of Punjab government pertaining to the provision of its VAT law. Go to Source
Nifty likely to test 4,600
The Nifty maintained its support of 4,667 and closed at 4,760 on short-covering at lower levels in index futures and key stocks futures. Go to Source
SC to examine Punjab plea on VAT provisions
The Supreme Court has decided to examine the plea of Punjab government pertaining to the provision of its VAT law. Go to Source
Query Corner: Personal Finance
Our PF expert helps you navigate the complex world of finance. Go to Source
Average income of Indians to rise to Rs 43,749 this fiscal
An Indian on an average is expected to earn Rs 43,749 in 2009-10, nine per cent more than what he would have received last fiscal if the national income were evenly distributed among the citizens. Go to Source
GDP growth points to rate rise, less stimulus
Manufacturing, one of the main drivers behind the GDP growth, is seen growing at 8.9% in 2009-10 Go to Source
Rupee falls to 7-wk lows, support at 47/dlr
The rupee ended near its lowest in seven-weeks on Monday, unable to sustain a boost from the sharemarket turning around early losses and as the dollar lost ground against major currencies. Go to Source
Lockheed keen to boost India defence supply
Firm keen to supply fighters, ships, helicopters to India; potential contracts worth nearly $20 bn over 5 yrs, say sources Go to Source
Average income of Indians to rise to Rs 43,749 this fiscal
An Indian on an average is expected to earn Rs 43,749 in 2009-10, nine per cent more than what he would have received last fiscal if the national income were evenly distributed among the citizens. Go to Source
Query Corner: Personal Finance
Our PF expert helps you navigate the complex world of finance. Go to Source
Loan pre-payment or ELSS? It’s all about term
In a rising market, ELSS investment may fetch you better returns. But if you have a long-term home loan outstanding, it makes sense to pre-pay it. Go to Source
Kumar Urban to raise USD 800 mn via pvt placements
Pune-based realty firm Kumar Urban Development to raise up to $800 million through private equity placements in various special purpose vehicles (SPVs) next fiscal. Go to Source
Monthly income plans catch investors’ fancy
‘‘ Invest in MIPs, which have a small exposure (mostly 15-25 %) to equity. The equity component will act as a ‘kicker’ and give you extra returns.” Go to Source
Gold extends gains, up to Rs 16,520
Gold prices moved up Rs 80 to Rs 16,520 per ten grams in the bullion market on seasonal buying amid a positive global trend. Go to Source
M&A activity in India more than doubled to $3 bn in Jan 2010
According to the monthly deal report of VCEdge, a financial research provider, the M&A deal value during January 2010 stood at $2.8 billion, a whopping 126% rise over the same period last year Go to Source
Monthly income plans catch investors’ fancy
‘‘ Invest in MIPs, which have a small exposure (mostly 15-25 %) to equity. The equity component will act as a ‘kicker’ and give you extra returns.” Go to Source
Hybrid mutual funds no longer looking attractive
The weakness in equity markets is weighing down heavily on hybrid mutual funds (MFs), which seek to give the best of equity and debt for investors. Go to Source
