EQUIWISE - A Cerindus Venture

Value Picks to Watch 17NOV2011

2011-11-17T01:57:00.000-08:00

by Mir Mazhar Hussain

MTNL (FV 10) - 26.25

TTML (FV 10) - 15.10

Suzlon (FV 2) - 25.55

Unitech (FV 2) - 23.20

HCC (FV 1) - 23.30

DLF (FV 2) - 203.15

GMR Infrastructure Ltd (FV 1) 27.80

GVK Power & Infra (FV 1) - 10.55

Lanco Infratech (FV 1) - 12.15

KFA (FV 10) - 24.65

Jet Air (FV 10) - 241

RIL (FV 10) - 807

TATA STEEL (FV 10) - 400

ITC (FV 1) - 206

Indiabulls Securities (FV 2) - 6.95

Indiabulls Power (FV 10) - 13.25

Wire and Wireless (FV 1) - 7.3

Rana Sugars (FV 10) - 3.40

NHPC (FV 10) - 23.10

BUY Rana Sugars by Mir Mazhar Hussain

2011-11-06T23:21:00.000-08:00

Rana Sugars (Symbol RANASUG) stock is currently trading at 3.95 on NSE.

Its Face Value is 10.

Year High is Rs.11

Year Low is Rs.3.70

I have been watching this stock for years. It is fundamentally a strong company.

Stocks like this with a face value of 10 won't stay below Rs.10 for too long.

I recommend buying 100,000 shares of Rana Sugars below Rs.4.

Sell it when it touches Rs.10. You gain 6 Lacs.

However the wait could be a few months.

Hope you all liked this Eid gift. Eid Mubarak.

This is an Equiwise recommendation by...

Mir Mazhar Hussain

mirmazharhussain@cerindus.com

RCOM gets $1.93 billion loan, stock soars 9%

2011-03-09T22:40:00.000-08:00

The debt-laden Reliance Commmunication (RCOM) today announced a deal with China Development Bank (CDB) for availing a loan of Rs.6000 crore ($1.33 billion).

In a disclosure to the stock exchanges RCom stated that the loan of Rs.6000 crore would be used for refinancing the spectrum fees.

An additional credit facility of Rs.2,700 crore ($600 million) has been extended to RCom by CDB for imports and domestic deployment of telecom equipment from Chinese vendors such as Huawei and ZTE.

After witnessing heavy trading of around 34.42 million in the counter, RCom closed 9% higher on NSE.

RCom's closing price on NSE was 99.20 on 09-Mar-2011.

Full text of Budget Speech

2011-03-07T23:50:00.000-08:00

February 28, 2011

Click here for Full text of Budget Speech

Budget at a glance

2011-03-07T23:46:00.000-08:00

February 28, 2011

Click here for Budget 2011-12 at a glance

Highlights of Union Budget 2011-12 - Key Features

2011-03-07T23:33:00.000-08:00

February 28, 2011

Click here for highlights / key features of the 2011-2012 Budget

Markets witness biggest rally in 21 months

2011-03-01T06:17:00.000-08:00

by Mir Mazhar Hussain

A remarkable post-budget rally on Tuesday (01-March-2011) saw BSE record a steep gain of 623.10 points to close at 18,446.50 and NSE soar by 189.05 points to close at 5522.30.

Auto stocks spurred the rally on the back of stellar monthly sales numbers announced by Tata Motors, Maruti Suzuki India, TVS Motors etc.

Banking and real estate stocks welcomed the news that the government has a lower borrowing target for FY12 which means lower interest rates and higher liquidity.

M&M, Maruti Suzuki and JP Associates which were up by more than 7% were the top 3 gainers on Tuesday (01-March-2011) on both BSE and NSE.

India's Wheat Farmers Expect Bumper Harvests

2011-02-09T21:46:00.000-08:00

After a drought year last year, India is expected to achieve record production of wheat (81.47 MT) and pulses (16.51 MT) this year according to the agricultural minister Mr.Sharad Pawar.

Mr.Pawar added that overall foodgrain production is likely to go up to 232.07 million tonnes (MT) against 218.11 MT last year.

NHB: Property prices will soar in 2011

2011-01-05T23:34:00.000-08:00

India's housing regulator National Housing Board (NHB) said yesterday property prices would go up in 2011.

"In the next one year, property prices would be moving northwards which will create a dampening impact on demand, resulting in correction of prices" said NHB Chairman R V Verma. He predicted price correction would take place in all the metros.

NHB is expecting loans from World Bank and Germany-based bank KFW to fund low cost housing and energy efficient houses.

Axis bank launches online trading platform AxisDirect

2011-01-05T23:09:00.000-08:00

India's third largest private sector bank with over 15 million customers, Axis bank made a foray into retail broking business with the launch of its online trading platform AxisDirect on 05-Jan-2011.

The managing director & CEO of Axis Bank Shikha Sharma said “We are very excited about this new initiative. A considerable amount of time has been invested in talking to customers, understanding the need-gaps and what we can do to bridge those gaps. We have tried to design and develop unique functionalities and make it easier for customers to invest in markets using AxisDirect. We've partnered with TCS to develop this platform.”

AXISBANK's closing price on NSE was 1310.90 on 05-Jan-2011.

Reliance MediaWorks ups stake to 44% in Fame

2011-01-05T00:36:00.000-08:00

Reliance MediaWorks according to reliable sources has raised its stake in the multiplex chain 'Fame India' to 44% through an open offer.

Reliance MediaWorks which had earlier held 12% of emerging equity in Fame India, added another 32% through the open offer taking its total stake to 44%.

Rival multiplex operator Inox Leisure Limited holds 50.2% in Fame India.

RELMEDIA's closing price on NSE was 230.90 on 04-Jan-2011.

INOXLEISUR's closing price on NSE was 63.15 on 04-Jan-2011.

Larsen and Toubro to be split into nine companies

2011-01-04T23:04:00.000-08:00

The chairman of the 37,000 crore L&T Group, Mr.AM Naik unveiled a plan to demerge L&T into nine independent companies. He said the L&T board has already approved the restructuring plan and its implementation is going on in full swing.

The nine independent entities namely are... Power, infrastructure, heavy engineering, hydrocarbon, machinery & product, switchgear, building & factories, metals & minerals and electrical businesses.

Mr.Naik said by March 2012 all of the independent entities would be 75% ready to be listed on the stock markets. "We will decide which ones get listed as we go along. I can’t tell you now how many will be spun off by 2015.” he added.

Larsen and Toubro secures Rs.1103 crore orders

2011-01-03T23:12:00.000-08:00

The Railway business division of L&T has secured orders worth Rs.1103 crore from four power plant development firms in India for laying or augmenting dedicated railway lines and constructing 'merry go-round systems'.

The orders have been placed by power plant developers Maithon Power Limited, Nabha Power Limited (which is a wholly owned subsidiary of L&T), BALCO and Sterlite Energy Limited.

L&T's closing price on NSE was 1980.50 on 03-Jan-2011.

Anil Ambani's R Next invests 26% in ICEX

2011-01-03T22:33:00.000-08:00

Reliance Exchangenext (R Next), a wholly owned subsidiary of Reliance Capital, has acquired 26% stake in Indian Commodity Exchange Limited (ICEX) from Indiabulls Financial Services Limited on 03-Jan-2011.

ICEX provides online screen-based platform for commodity trading.

The CEO of Reliance Exchangenext Mr.Rajnikant Patel said "We see a huge potential in the commodity market space. With this, we plan to develop an integrated and transparent national electronic commodity marketplace"

Indiabulls Financial said it still holds 14% in ICEX after this deal.

The commodities exchanges in India traded goods worth $1.75 trillion (rising 51.4% over last year) during the period Apr 01 to Dec 15.

In 2008, Reliance Money another subsidiary of Reliance Capital, acquired 10% stake in National Multi Commodity Exchange of India Ltd (NMCEIL).

RELCAPITAL's closing price on NSE was 682.50 on 03-Jan-2011.

INDIABULLS's closing price on NSE was 177.30 on 03-Jan-2011.

JSW STEEL hikes prices by 4 to 5 %

2011-01-03T06:09:00.000-08:00

India's third largest producer of alloy, JSW Steel increased prices of its products by Rs.1400 to Rs.1700 per tonne (roughly 4-5%) on an average with immediate effect, a company source disclosed today.

JSWSTEEL's closing price on NSE was 1191.10 on 03-Jan-2011.

SAIL hikes prices by 3 %

2011-01-03T05:54:00.000-08:00

India's largest steel manufacturer Steel Authority of India Ltd (SAIL) increased prices of its products by Rs.1000 per tonne (roughly 3%) on an average with immediate effect, a company source disclosed today.

SAIL's closing price on NSE was 187.95 on 03-Jan-2011.

TVS Motor reports 42% growth in sales

2011-01-02T04:35:00.000-08:00

TVS Motor Company has recorded impressive sales numbers across all categories for December 2010 compared to the same period in the previous year.

Total sales stood at 171,790 units in December 2010 as compared to 120,913 units in December 2009, recording a growth of 42%.

The cumulative 2-wheeler sales for April 2010 to December 2010 period stood at 1,485,102 units compared to 1,109,054 units for the same period in 2009, notching up an increase of 34%.

The cumulative 3-wheeler sales for April-December 2010 have grown 219% at 27,794 units as against 8,707 units, for April-December 2009.

TVS Motor's closing price on NSE was 70.70 on 31-Dec-2010.

Jet and Kingfisher Air raise domestic fares

2011-01-01T01:16:00.000-08:00

Jet Air and Kingfisher Airlines increased fuel surcharge by Rs.100 for domestic travel up to 750 kms and Rs.200 for a distance beyond 750 kms.

As the price of crude oil continues to rise and crosses $90 per barrel... the state-run oil retailers in India raised ATF (Aviation Turbine Fuel) prices yesterday by nearly 2 percent causing a knee jerk reaction from the two airliners.

Cost of fuel amounts to 40 percent of the total operating cost for the airline companies.

KFA's closing price on NSE was 66.30 on 31-Dec-2010.

JET AIR's closing price on NSE was 765.30 on 31-Dec-2010.

NTPC mulling mega tender of Rs.18,000 crore

2010-12-30T03:45:00.000-08:00

India's largest power generating company NTPC Limited is waiting for cabinet approval to launch tenders worth 18000 crore to procure nine eco friendly boiler and turbine (supercritical) units.

The nine supercritical units have a capacity of 800 Mw each and are expected to burn less coal for producing electricity.

A senior official of NTPC said "The tender will be out in a month after the Cabinet’s approval. The orders will be placed within nine to 10 months."

NTPC currently produces 32,000 Mw of electricity and has plans to increase it to 75,000 Mw by 2017.

NTPC's closing price on NSE was 202.25 on 30-Dec-2010.

KFA to save 500 cr per year post debt restructuring

2010-12-30T03:06:00.000-08:00

Kingfisher Airlines (KFA) has completed a debt restructuring exercise managed by SBI Capital Markets, which represented the 18 lenders of KFA.

The total debt of KFA as on 10-Sep-2010 stood at Rs.8157 crore. Some of the debt was converted into preferential shares and redeemable shares with the approval of the lenders.

Following the debt recast the average interest rate comes down to 11% from 20% which is expected to save KFA Rs.500 crore annually on interest cost.

KFA's closing price on NSE was 63.80 on 30-Dec-2010.

India's Global Trade to cross Half Trillion dollars

2010-12-30T01:43:00.000-08:00

According to World Trade Organization (WTO) global trade will see an increase of 13.5 percent in 2010.

India's share in the global trade is expected to cross the half trillion mark for the first time this year.

India's inbound and outbound trade in goods is expected to cross $ 550 billion in fiscal 2010-2011.

Mahindra to hike prices across the board in Jan 2011

2010-12-28T05:43:00.000-08:00

Mahindra & Mahindra (M&M) said on 28-Dec-2010 that it will increase the prices of all its vehicles across the board (passenger & commercial vehicles) from January 2011. M&M said the price hike is necessitated due to increase in the commodity rates.

M&M senior vice-president (Sales and Customer Care, Automotive Sector) Arun Malhotra said "The prices of all raw materials, especially rubber and steel components, have gone up in recent times."

Tata Motors also is expected to increase the prices of all its passenger vehicles with the exception of Nano and Aria, by 1.5 per cent from January 2011.

Web TV to debut in India on New Years Day

2010-12-28T05:32:00.000-08:00

Vibes Visual and Media Private Limited, a kochi based enterprise said yesterday, it will be launching India's first Web TV called "Indiavibes" on the New Years Day.

The founder of the company Mr.Andrine Mendez said "We cover all categories... fashion, music, films, business, technology, blogging, lifestyle, current affairs and wish to make Indiavibes, as its name suggests, the one-stop shop for all the entertainment for global audiences."

NHPC to increase capacity to 5322 mw by 2012

2010-12-27T02:46:00.000-08:00

The Chairman-cum-Managing Director of NHPC, Mr.S K Garg said yesterday, that NHPC is all set to increase its power generation capacity to 5,322 MW by March 2012.

NHPC generated a record 16,960 million units of electricity during 2009-2010 and signed JVs with various state governments to generate thermal and wind energy.

The net profit of NHPC has gone up from Rs 510 crore in 2002-2003 to Rs 2,090 crore in 2009-2010, Mr.Garg said.

NHPC's closing price on NSE was 28.10 on 27-Dec-2010.

Tata Steel mulling $1 billion DVR issue

2010-12-24T23:22:00.001-08:00

The management of Tata Steel said on Friday that they have obtained shareholders permission to raise funds.

Tata Steel is reported to be mulling a DVR (differential voting rights) issue to raise $1 billion. A "DVR" is an instrument that is traded on the stock exchanges, offers dividends but has limited voting rights. DVRs are offered at a discounted price compared to ordinary shares.

Tata Motors was the first company in India to offer DVR shares.

Tata Steel's closing price on NSE was 672.85 on 24-Dec-2010.

Govt. lifts ban on Sugar futures trading

2010-12-24T22:59:00.000-08:00

Trading in Sugar futures which was banned by the government in May 2009, is set to resume from 27-Dec-2010 on commodity exchanges like MCX, NCDEX and ACE.

The market regulator had imposed a ban on sugar futures following last year following a drop in production which led to a steep increase in sugar price. However sugar production this year in India is projected to be around 25 million tonnes which exceeds the domestic demand of 23 million tonnes.

NCDEX had a daily turnover of Rs.100 crore to Rs.300 crore in sugar futures before the ban.

Indian KPO market to cross $10 billion mark by 2012

2010-12-23T22:14:00.000-08:00

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) predicts that the Indian Knowledge Process Outsourcing (KPO) industry could cross the $10 billion mark by 2012 if the industry is opened for biotech and nano experts.

The current market size of KPO sector is around $5.5 billion and it is growing at a rate of 15 to17 per cent, led by industries such as management, medical and engineering, Assocham said.

FutureBazaar.com falls prey to hack attacks

2010-12-23T01:56:00.000-08:00

Kishore Biyani's FutureBazaar.com which ran a successful promotional campaign during the recent festive season, falls prey to hack attacks and DOS (denial of service) attacks causing the site to be "unavailable" to consumers for the last 48 hours.

"We have filed a complaint with the Cyber Crime Branch in Mumbai. Internally we are working to get the site up and running and it should be fine soon" said FutureBazaar's Chief Executive Officer Rajiv Prakash.

FutureBazaar.com had garnered Rs.10 crores by selling 4000 laptops, through its "battle for best price" campaign during the recent dussehra and diwali season.

Future Group has set an ambitious target of Rs.1000 crore for its portals to be achieved in the next 3 years. Future Group has total retail revenues of around Rs.10,000 crores from retail outlets like Big Bazaar, Pantaloons, Central, eZone etc.

Pantaloon Retail's closing price on NSE was 367.95 on 22-Dec-2010.

India Inc. raises 1 lakh crore in 2010

2010-12-23T00:56:00.000-08:00

In 2010, the public sector and private sector companies in India, altogether raised a little under 1 lakh crore (99, 450 cr) from the (domestic) capital markets. The money raised in 2010 happens to be twice the amount raised in 2009.

Funds raised in domestic markets since 2007:

In rupees crores	2007	2008	2009	2010
IPOs	33,782	16,995	17,002	39,710
FPOs	11,551	286	23	31,403
QIPs	20,011	2,104	32,631	28,339
Total	65,344	19,385	49,656	99,452

Funds raised in foreign markets:

India Inc. had tapped the markets overseas to raise over $10 billion in 2007, through ADRs and GDRs but in 2010, this amount declined to 2.2 billion dollars.

Thailand to sign FTA with India in 2011

2010-12-22T01:20:00.000-08:00

Thailand's deputy minister of commerce Mr.Ponlaboot said a comprehensive market opening pact with India is likely to be signed in 2011. This is expected to help increase bilateral trade which is set to cross $6.5 billion in the current fiscal.

The two countries have abolished duties on 82 items under EHS (Early Harvest Scheme) which is a precursor to FTA. Post the FTA duties on most goods will be either reduced or eliminated.

JSW STEEL ACQUIRES ISPAT INDUSTRIES

2010-12-22T00:53:00.000-08:00

JSW Steel will be acquiring a controlling stake of 41.29 percent in Ispat Industries for Rs.2157 crore according to an announcement by the managements of both the companies on Tuesday.

Ispat which has a huge debt of around Rs.8600 crore is valued at $3 billion.

JSW Steel is expected to make an open offer to Ispat shareholders in due course.

JSW which has a steel production capacity of 7.8 MTPA (million tonnes per annum) would be ramping it up to 11 million tonnes by end of FY12 and add to this Ispat's 3.3 MTPA... JSW steel will have a total capacity of 14.3 million tonnes a year by end of FY12.

State-owned and India's largest steelmaker SAIL currently has a capacity of 14 million tonnes a year.

Tata steel produces in India only 6.8 million tonnes out of its total steel production capacity of 20 million tonnes per year.

JSW Steel's closing price on NSE was 1211.80 on 21-Dec-2010.

Ispat Industries' closing price on NSE was 21.20 on 21-Dec-2010.

Tata Chemicals to acquire British Salt for 93 mn pounds

2010-12-21T01:02:00.000-08:00

Tata Chemicals issued a statement on 20-Dec-2010 that Brunner Mond which is Tata Chemicals' british arm has signed a binding agreement for acquisition of British Salt Ltd for 93 million pounds.

Brunner Mond is expected to raise 100% of the funds through the debt route. British Salt which has a 50% market share in the United Kingdom, produces pure dried vacuum salt. British Salt also owns brine wells with residual life of 50 years which Tata Chemicals said provides Brunner Mond with an opportunity to secure long term supply of brine.

Tata Chemicals' closing price on NSE was 373.85 on 20-Dec-2010.

Top 10 stocks by market capitalization

2010-12-20T00:04:00.000-08:00

20-Dec-2010

Here's a list of top 10 companies by market capitalization in India.

Market Capitalization (Rs Crore)
==============================================

RIL ----------------------------------------------- 345522.16

ONGC -------------------------------------- 284277.21

TCS ----------------------------------- 223199.09

CIL -------------------------------- 202691.99

INFY --------------------------- 188991.19

SBI ------------------------- 175374.71

NTPC ------------------- 163012.74

BHARTI ------------- 130463.80

ITC ---------------- 129303.03

ICICI ------------ 126827.75

Groupon looks for funding after rejecting $6 billion offer from Google

2010-12-18T05:06:00.000-08:00

Groupon Inc. the chicago based online coupon company, is said to be looking for venture capital funding to the tune of $100 million, to ward off competition from new comers like Living Social.

Groupon primarily relies on email to reach its 35 million customers in 29 countries. Groupon offers discount of up to 90% on products and services through "coupons". However the coupons become effective only after a minimum number of people purchase them.

Google which is sitting on cash reserves in excess of $33 billion has reportedly offered Groupon $3.5 billion initially and eventually raised it up to $6 billion (over Rs.27,000 crores) earlier this month but Groupon so far has resisted the temptation to "sell out".

India tops Forbes (2011) list of best countires for employment

2010-12-15T23:47:00.000-08:00

The forbes list of best countries for new jobs in 2011 places India at the top with 42% net hiring outlook for Q1. China comes a close second at 40% and Taiwan third at 37%.

HIRING OUTLOOK Q1 - 2011
---------------------------------

India - 42%

China - 40%

Taiwan - 37%

Brazil - 36%

Turkey - 27%

Singapore - 26%

US - 9%

RIO TINTO KEEN ON DEVELOPING IRON ORE IN INDIA

2010-12-13T23:08:00.000-08:00

A senior official of Rio Tinto India stated today that they are in discussions with an Indian company for developing iron ore mines. Rio Tinto founded in 1873, is a British-Australian, world leading mining and resources company headquartered in London and Melbourne.

Iron ore is an important raw material used in making steel and it is expected that the demand for steel in India will grow in double digits fueled by huge investments in the construction, infrastructure and automobile industries.

Mr.Siddharth Jain, general manager, iron ore, Rio Tinto India said "We are very keen to have iron ore operations in India". He did not divulge details of the Indian company.

Mr.Jain also added that they are re-negotiating an agreement signed in 1995 with Orissa Mining Corporattion (OMC) in which the orissa government holds 49% while Rio Tinto holds the other 51%.

The JV would begin mining operations in the Keonjhar district in Orissa within 20 months of signing the final agreement, Mr.Jain added.

Indian Stock Market - Opportunities Ahead

2010-12-12T23:26:00.000-08:00

by Mir Mazhar Hussain

If you have major goals like owning a home or a vacation home, acquiring a bigger automobile or achieving financial freedom in 10 to 15 years... the Indian Stock Markets present a great opportunity to realize those dreams through the equity route.

Stock Market is serious full-time business and requires a close watch on the geopolitical and socio-economic changes on a 24/7/365 basis to be able to consistently profit from equity investments. I have been investing in “equity research” and study of “event based trading” for the last 5 years.

For example the markets breaking the upper circuit on 18-May-2009 (NSE up by 651 points and BSE by 2110) twice in one day is a rarest of rare events that happens only once in 15 or 20 years. Many people missed a great opportunity to create an astounding amount of wealth in this bull run already and fewer stocks are left now quoting at less than their intrinsic value which is one of Warren Buffett’s rules for profitable investments.

Opportunities Ahead:

1.Arbitrage Opportunities - Short term opportunities to achieve 10 to 15%profits for the alert investor. Warren Buffet invests in such opportunities andhe re-invests the original + profits back in the market 3 or 4 times in a year to achieve double digit compounded annual returns converting thousands into millions and this is a sure-fire strategy for wealth creation.

2.Reforms - The second wave of divestments and reforms in Banking,Insurance etc. are likely to throw up many opportunities that a keen followerof the events as they unfold can take advantage of.

3.Infrastructure - Bharat Nirman is set to fire on all cylinders and projectsmoving at a snail's pace areexpected to get a boost.

4.Greenfield Sector - Alternative Energy, Bio-Fuels etc. are at nascent stageand are good candidates for long term high growth investments.

5.Event based trading - Opportunities based on geopolitical and socio-economic fluctuations. The post election upsurge in indices on 18-May-2009 is a case in point.

The Rich Dad Collection - What the Rich Invest in, That the Poor and the Middle Class Do Not!

2010-10-21T23:09:00.000-07:00

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CIL India's largest IPO priced at Rs. 225 - 245

2010-10-13T00:42:00.000-07:00

The coal minister, Mr.Sriprakash Jaiswal said yesterday "Coal India IPO price has been fixed at Rs.225 - 245 a share. We expect to raise over Rs.15,000 crore from the issue".

The largest IPO so far has been that of Reliance Power's IPO in January 2008 when the Reliance ADAG company raised Rs.11,500 crore from capital markets.

Coal India Limited Company, is a thermal power generation company promoted by the government of India. The Indian government is divesting 10% stake in CIL through IPO.

The world's largest coal producer and coal reserve holder (63 billion tonnes) CIL will be listed on the domestic bourses by Nov 4.

Debt laden RCom explores new funding options

2010-09-27T23:34:00.000-07:00

Laden with a debt of Rs.33,000 crores... Anil Ambani's Reliance Communications, India's second largest Cellular Operator is exploring fresh equity sale option.

RCom attempted to reduce debt by merging its tower-arm with GTL and by disposing equity (26%) to Etisalat.

The tower deal with GTL did not go through as intended and had to be called off forcing RCom to rethink its debt reduction strategy but the fact that they had to pay a further Rs.8585 crore recently for 3G spectrum does not suggest things are going to be picking up anytime soon.

On the positive side... strong foreign inflows in the last few months have made the market conditions conducive for raising funds.

On 28-Sep-2010 RCom is going to seek approval from share holders enabling it to sell fresh equity.

Nano to be second best selling car by FY11

2010-09-23T03:58:00.000-07:00

According to research firm JD Power Nano the small car from the Tata Motors stable is poised to become the second best selling car in India after Maruti Suzuki's Alto.

Nano is slated to grab the number two spot in 2011 when Tata is expected to ramp up its production capacity.

The highest selling car in India currently is Maruti Alto selling 25,000 units monthly on an average.

The market for mini and sub-compact cars would be 9,97,000 in 2010 which is expected to grow to 30,14,000 units by 2017.

The closing price of Tata Motors on NSE was Rs.1073 today.

Equiwise recommended investing in TATA MOTORS on 04-Jun-2009 when the stock was at Rs.369. Time to invest in stocks like Reliance Tata Motors for a 5 - 10 year horizon

See our other posts on TATA MOTORS:

Tata Motors enters Fortune 500 list

Incredible Stocks of India: TATA MOTORS

Books, DVDs and Software - Click on title to buy

2010-09-19T04:46:00.000-07:00

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RBI hikes repo by 25 bps; reverse repo by 50 bps

2010-09-16T01:46:00.000-07:00

The Reserve Bank of India (RBI), announced today, that repo is being increased by 25 basis points (bps) and the reverse repo by 50 basis points (bps). The repo rate is now 6% and reverse repo is 5%.

What is a Repo Rate?

The rate at which banks borrow funds from RBI is called Repo Rate. Banks usually borrow funds When there is a paucity of funds banks turn to RBI to cover the short-fall, by borrowing from RBI.

What is a Reverse Repo Rate?

The rate at which RBI borrows funds from banks is called Reverse Repo Rate.
Any increase in Reverse Repo Rate is usually welcomed by banks, because the money they lend to RBI is safe and earns a decent rate of interest as well.

Reliance - GTL tower deal called off

2010-09-08T00:56:00.000-07:00

GTL Infrastructure said its deal with Reliance Communications to merge their telecoms tower businesses has been called off after both sides failed to agree on a deal by the August 31 deadline.
Despite efforts, both parties have neither extended the term sheet nor entered into any definitive transaction agreements as envisaged therein.

A statement from Reliance Communications said, “Following the expiry of the non-binding term sheet with GTL Infrastructure, Reliance Communications is now engaged in discussions with certain other strategic and financial investors, to pursue a similar transaction aimed at significant reduction in the company's debt and unlocking of value for RCom shareholders from the passive infrastructure and related assets in its 95 per cent-owned subsidiary, Reliance Infratel”.

Reliance Infratel is also proposing an initial public offering (IPO) of its equity shares and has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

SBI NET PROFIT CROSSES RECORD 10,000 CRORES

2010-08-22T22:37:00.000-07:00

For the first time ever in the Indian banking sector net profit of an Indian bank is going to cross Rs.10,000 crores for FY11.

SBI chairman Mr.O.P. Bhatt stated "It (net profit) should cross Rs.10,000 crore this year".

The rise in net profit was due to a rise of 45.3 percent in net interest income.

Indian economy to double to $2 trillion post GST

2010-08-06T01:25:00.000-07:00

Finance Minister Pranab Mukherjee recently said successful implementation of the goods and service tax (GST) can give a trillion-dollar boost to the economy, taking the total output to $2 trillion in a short span of time.

"The gain from GST will propel the country from one-trillion dollar economy to two trillion-dollar economy in a short span of time," he said while addressing a meeting of the industry chamber Ficci.

The country's gross domestic product (GDP) at the market and current prices was measured at USD 1.31 trillion in 2009-10 and is estimated to be USD 1.52 trillion in the current fiscal, the PMEAC said in its latest economic outlook.
(PMEAC is Prime Minister's Economic Advisory Council)

Pegging the GDP growth at nine per cent, the economy would reach a level of USD 1.72 trillion in 2011-12, it said.

If the nine per cent growth trend is maintained, India would become USD two trillion economy in 2013-14 fiscal.

GTL is now world's largest telecom tower company

2010-07-20T23:20:00.000-07:00

GTL Infrastructure said on Monday it has completed the acquisistion of 17,500 telecom towers of Aircel for Rs.8026 crore.

GTL Infra now has around 32,500 towers making it the world's largest independent tower company.

GTL is expected to have an additional annual revenue of Rs.720 crore from the Aircel deal taking the aggregate annual revenue to Rs.1350 - 1400 crore.

GTL is in talks with RCom for merging RCom's tower arm with GTL creating an entity with 85,000 towers valued approximately at Rs.50,000 crore. GTL will pay RCom cash and offer its shares to Reliance shareholders as part of the proposed merger.

Dvidend windfall for promoters in India

2010-07-18T21:07:00.000-07:00

It is raining dividends for promoters in India. Details of top 10 beneficiaries and dividend payouts in the private sector:

Ratan Tata - Tata Sons - Rs.3413.68cr **

Mukesh Ambani - Reliance Ind - Rs.1024.74cr

Azeem Premji - Wipro - Rs.700.58cr

BM Munjal - Hero Honda - Rs.636.14cr

Rahul Bajaj - Bajaj Auto - Rs.287.15cr

Anil Ambani - Rcom, Rcap & Rel Infra - Rs.278.87cr

Narayana Murthy - Infosys - Rs.230.21cr

Kalanithi Maran - Sun TV - Rs.227.59cr

Dilip Sanghvi - Sun Pharma - Rs.181.45cr

Sunil Mittal - Bharti Airtel - Rs.172.55cr

** Tatas with 3.2 lakh crore in sales were the biggest beneficiaries with dividend doubling to Rs 3,833 crore. But these mostly belong to trusts and very little into the personal account of its chairman Ratan Tata.

India's growing presence in fortune 500 companies

2010-07-16T06:21:00.000-07:00

From just one Fortune 500 company (IOC) in 2003 to 8 in 2010
------------------------------------------------------------------------------

Eight Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the list of the world's 500 largest companies compiled by Fortune magazine.

IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).

IOC had revenues to the tune of $54.28 billion, RIL $41.08 billion, SBI
$28.21 billion, BPCL $26.59 billion, HPCL $23.88 billion, Tata Steel
$21.58 billion, ONGC $21.44 billion and Tata Motors $19.5 billion.

Wal-Mart (USA) tops the Fortune 500 list with revenues of $408. 21 billion.

SPICEJET FLIES HIGH

2009-12-25T08:59:00.000-08:00

Spicejet is on a flight plan to become a success-model for low cost carriers -- may break even in 2010...Ajay Singh, Director, Spicejet joins us for that discussion

SANJAY CHANDRA SAYS UNITECH TO CUT DEBT

2009-12-25T08:58:00.000-08:00

Unitech's Sanjay Chandra says Unitech will cut its debt by 1000 crore rupees in the next 12 months as he is keen to further deleverage the Company's balance sheet -- An Exclusive CNBC-TV18 Interview

FORTIS ON THE PROWL

2009-12-25T08:57:00.000-08:00

The Wockhardt deal is done but Shivinder Singh wants more. The MD of Fortis Healthcare says he's scouting for more buying opportinities.

SATYAM'S SAVIOURS

2009-12-25T08:56:00.000-08:00

Nearly a year after the Satyam scam came to light, the team that resurrected Satyam speaks out on how the company came back from the brink of disaster. Here's an exclusive interview

Time For RBI To Hike Rates?

2009-12-25T08:55:00.000-08:00

With inflation rising sharply, is the RBI behind the curve on interest rates?

Dream Decade: Dalal St's Coming Of Age - Part 1

2009-12-25T08:54:00.000-08:00

No other decade has been as much of a game changer for the Indian markets. The doyens of Dalal St take you through the journey of the last 10 years

Dream Decade: Dalal St's Coming Of Age - Part 2

2009-12-25T08:53:00.000-08:00

No other decade has been as much of a game changer for the Indian markets. The doyens of Dalal St take you through the journey of the last 10 years

Gold at Rs 18000 New Peak made by the yellow metal

2009-12-25T08:52:00.001-08:00

BNP Paribas reports 44.8% quarterly profit leap

2009-12-25T08:51:00.001-08:00

BNP Paribas bank reported a 44.8-percent rise in net quarterly profits, beating expectations with strong investment banking and markets performance. Net profit was 1.305 billion euros (1.94 billion...

Toyota Motor Q3 profit beats expectations

2009-12-25T08:49:00.000-08:00

Toyota Motor Corp. posted a quarterly profit for the July-September period and a half-year that beats analysts' expectations. Toyota narrowed its net loss forecast to $2.2 billion from a previous e...

Barack Obama: One year after the elections

2009-12-25T08:46:00.000-08:00

Simplex Infra in focus

2009-12-25T08:45:00.000-08:00

TATA the most admired and respected group in India?

2009-12-13T07:29:00.000-08:00

by Mir Mazhar Hussain

2009 will go down as one of the most memorable years for Mr.Ratan Tata and for his TATA group as well.

A look back at what the various divisions of TATA group accomplished this year that had a positive impact on the "aam-aadmi" in India:

1) NANO (the Rs.1 lakh car) was launched in 2009 by Tata Motors

2) Tata Housing launched Low-Cost Housing Project to offer apartments starting at Rs 3.9 lakh

3) In a win-win move... Tata Indicom launched "pay per call" pricing and ever since has been adding millions every month to their customer base.

4) Last but not least TATA Chemicals launched recently "Swatch" a water purifier for Rs.700 something, while the existing water purifiers from HLL and Aquaguard in the similar category are priced well above Rs.1500.

It may be recalled that Cerindus had voiced concerns about Water-Pollution in India and tried to find "low-cost" innovative solutions to the pollution problems.

Click here to read Food, Water, Air Tesing a must for Corporates & Individuals in India
-Posted on Innovation Network

SAUMITRA CHAUDHURI ON FOOD INFLATION

2009-12-13T06:03:00.000-08:00

Food inflation has surged to a 11-month high of 17.47%. Has the bad monsoon been the only trigger? Planning Commission member Saumitra Chaudhuri's views

SOM MITTAL ON THE CHINESE THREAT

2009-12-13T06:00:00.000-08:00

Global IT spending would be ahead of the economic recovery. NASSCOM expects China to be both a great opportunity and a threat for Indian technology companies. Guest: Som Mittal, President, NASSCOM

VOLKSWAGEN PICKS UP STAKE IN SUZUKI

2009-12-13T05:59:00.000-08:00

Volkswagen is all set to pick up 20 percent stake in Suzuki Motors. Volkswagen and Suzuki will remain independent companies. RC Bhargava of Maruti Suzuki India says he does not see the need for an ...

CNBC WHAT'S HOT: IMF'S TAKE ON THE ECO RECOVERY

2009-12-13T05:57:00.000-08:00

IMF feels recovery is gradual. Says stimulus exit should not be rushed. Says countries should fight deficit Guest: Ranjit Teja

Stalemate may push sugar crushing further

2009-12-13T05:13:00.000-08:00

sugar mills are required to pay the fair and remunerative price (FRP) fixed by the Centre and not share 50 per cent extra realisation at the end of the sugar year with farmers, the dilemma has begu...

Airlines planning to hike Air fare

2009-12-13T05:11:00.000-08:00

Gold at Rs 18000 New Peak made by the yellow metal

2009-12-13T05:10:00.000-08:00

Positive economic growth in 2010 Henk Potts

2009-11-30T22:22:00.000-08:00

Henk Potts from Barclays Capital said in an interview that world will witness positive growth in 2010.

Part-1 India can become a SUPER POWER - Fareed Zakaria

Part-2 India can become a SUPER POWER - Fareed Zakaria

(The next "Burj" in Mumbai? 10% growth for 10 years?)

Mutual Funds in India - a fun version

2009-11-30T22:21:00.000-08:00

Understanding and investing in mutual funds.

Art as an Investment

2009-11-30T22:20:00.000-08:00

Stocks markets might not be yielding returns you hoped for, and that's probably why portfolio advisors are betting on a new asset - Art. An increasing number of investment advisors are setting up ...

Investing in Art - Cool Video

2009-11-30T22:10:00.001-08:00

Investment 101 - simple and fun - investmentyogi

2009-11-30T22:08:00.002-08:00

Investing Secrets: How to Make Money in the Stock Market

2009-11-30T22:08:00.001-08:00

You have a vision for an ideal future freedom to do all the things that you don't have the time or money to do now. But how do you pursue that vision? Your child's c...

Trying the Stock Market Without Risking Money

2009-11-30T22:07:00.001-08:00

Make Money in the Stock Market the Easy Way

2009-11-30T22:06:00.001-08:00

How to make 2,210,369% in the stock market :: moMONEY

2009-11-30T22:04:00.000-08:00

How to get started in the stock market - 3

2009-11-30T22:02:00.000-08:00

How to get started as an investor if you have absolutely no previous understanding or knowledge about the stock markets.

How to make Money in the Stock Market?

2009-11-30T21:59:00.000-08:00

how to make money in the stock market

2009-11-30T21:32:00.000-08:00

Spoof and Proof - Rakesh Jhunjhunwala

2009-11-17T05:06:00.000-08:00

Mr.Laxman Reddy of Srinagar Colony, Hyderabad... as the first ever customer of our advertising division is the winner of 1 Year FREE advertising on Cerindus Network Websites.

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The following (video) on Rakesh Jhunwala India's greatest investor is PROOF that some people would do anything to make a fast buck. Rakesh Juhunjhunwala is a legend who started out in the stock market with Rs.5000 and turned it into Rs.5000 crores single-handedly. There are better ways to make money online... this is no way to treat a great. The video says he is a good sport so they poke fun at him... we believe the producer of the video is treading a dangerous line here. Defamation suits are on the rise in India of late and the following is a case in point:

Anil files Rs.10,000 crore defamation suit against Mukesh

Gold shines again...

2009-11-09T15:34:00.001-08:00

Tech firms pay bonuses...

2009-11-09T15:33:00.000-08:00

Govt for 10% public holding in PSUs

2009-11-09T15:32:00.001-08:00

Wipro buys Yardley fragrance...

2009-11-09T15:31:00.002-08:00

GVK buys 12% stake in B'lore airport

2009-11-09T15:31:00.001-08:00

Clash of the Telcos

2009-11-09T15:29:00.001-08:00

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For BEST VIDEO EXPERIENCE use Mozilla Firefox browser with FLASH PLAYER
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DABUR'S FUTURE FORMULA

2009-11-09T15:25:00.001-08:00

Dabur is on the prowl. It is looking for acquistions to strengthen its presence in the healthcare segment. An interview with Amit Burman, the VC of Dabur India

GOLD'S RECORD BREAKING RALLY

2009-11-09T15:23:00.001-08:00

Gold touches a record high 1092 dollars. Will the rally continue. Ain interview with Shamik Bose ED, Microsec Commerz

Air India Pilots threatening to go on strike.

2009-11-05T10:21:00.000-08:00

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War of words between the Air India pilots and the management may deepen the problem as Air India pilots are claiming that they dont have faith in the management and the management on the other side...

NIIT Q2 net dips 12 pc to Rs 26.2 cr

2009-11-05T08:37:00.000-08:00

IT education and training company NIIT Ltd on Monday reported a 12 per cent drop in its second quarter net profit at Rs 26.2 crore on the year-on-year basis.

Oil falls below $80 on economic recovery concerns

2009-11-05T08:36:00.001-08:00

Oil fell for the third day to below $80 a barrel on Monday, as investors continued to take profit from last week's one-year high on renewed concerns about the strength of the global economy.

Commodity check: Soyabean futures extend

2009-11-05T08:35:00.002-08:00

Indian coffee outlook

2009-11-05T08:35:00.001-08:00

Wipro Q2 net grows 21% YoY ahead of street estimates

2009-11-05T08:33:00.000-08:00

Technology major Wipro has reported robust earnings in the second quarter well above street expectations. The group has posted a consolidated net profit of Rs 1161.7 crore for the quarter ended Sep...

Tata Motors Q2 profits soar, net up 110 %

2009-11-05T08:32:00.000-08:00

Tata Motors' net profit for the quarter ended September 30 grew by 110 per cent to Rs 729.14 crore on the back of cut in forex losses, improvement in operating margin and gain out of selling shares...

HCL Technologies Q2 net up 18.50 per cent

2009-11-05T08:29:00.002-08:00

JK Lakshmi Cement Q2 net profit zooms

2009-11-05T08:29:00.001-08:00

Tata Steel Q2 net dips 49% to Rs 903 cr

2009-11-05T08:28:00.001-08:00