Bharti Ends Talks With RIL To Sell Insurance JVs Stake; Sensex Falls 163 Pts On EU Fears

Friday, Nov 25, 2011

LEAD STORIES
BHARTI ENDS TALKS WITH RIL TO SELL INSURANCE JVs STAKE  
Bharti Enterprises said it has mutually agreed to terminate negotiations with RIL to sell its stake in two insurance JVs that it has with France's AXA read more
SENSEX FALLS 163 PTS ON EUROPEAN UNION FEARS  
Weak investor confidence globally saw heavy selling in oil & gas, technology, auto and metals counters. Nifty fell 46.40 pts to 4710.05. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 15695.43 -163.06
NSE 4710.05 -46.4
TURNOVER
Rs. 97,718 cr
BSE CASH
Rs. 2,113 cr
NSE CASH
Rs. 9,896 cr
NSE F&O
Rs. 85,709 cr
BULLION
GOLD 28367 -182
SILVER 54415 -836
CRUDE
NYMEX 95.95 -0.22
BRENT 106.63 -1.15
FOREX
$ / Re 52.25 +0.19
£ / Re 80.862 +0.21
€ / Re 69.173 -0.31
EVENTS

26 November
Prime Minister M To Meet Airlines Chiefs, New Delhi
Symposium On International Commercial Arbitration, Marriott, Ahmedabad
International Business Conference On 'The Role Of Islamic Banking For Infrastrucural Growth Of India', Hotel Hyatt Regency, Mumbai


28 November
2G Case: Kanimozhi's Bail Plea To Be Heard At The Delhi High Court


3 December
CII CFO Summit 2011, Taj President-Vivanta, Mumbai


8-11 December
The INK Conference In Association With TED, Jaipur

EXPERT VIEWS

"Allowing foreign direct investment in multi-brand retail is important for India's overall economic growth and in controlling inflation."

D. Subbarao
Governor, Reserve Bank Of India
"The changes in the bidding guidelines sought by power producers include the fuel availability risk of domestic coal, the price risk due to change in prices of the fuel in coal-exporting countries, delay or denial in environment and forest clearance pertaining to coal blocks, etc."

KC Venugopal
Minister Of State For Power
"The fact remains that we are not insulated, whatever happens in euro zone affects us too. In the last few days, foreign institutional investors have been withdrawing and that's been having an effect on the rupee."

R. Gopalan
Secretary, Dept Of Economic Affairs

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This week we ask why the western model of capitalism is at a cross roads. Klaus Schwab of the World Economic Forum, billionaire investor Warren Buffett, Richard Levin, President, Yale University, Stuart Hart, Co-Author of Fortune at the Bottom of the Pyramid and Arun Maira of the Planning Commission, help us dissect the symptoms and understand the cause of the problem. We also ask business leaders Wim Elfrink of Cisco, B Muthuraman of Tata Steel, Adi Godrej and Anu Aga what conscious capitalism is all about.
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Sensex ends below 15700; retail surge on FDI approval

Dated:25 November,2011

According to experts, the market is likely to head lower from here and will take some time to recover due to global economic woes.

Bharti Telecom, majority stakeholder in Bharti Airtel has purchased 14.93 lakh shares for Rs 54 cr , through open market transactions.

There is a debate of risk on, risk off at the moment and that performing will continue to form in volatile times, says Nick Paulson-Ellis of Espirito Santo Securities.


Market Round-up
SENSEX 15695.43 -163.06
NIFTY 4710.05 -46.40
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Delta Magnets Ltd.
36.95 + 34.36
V2 Retail Ltd.
22.70 + 20.11
Salora International Ltd.
22.50 + 20.00
Celebrity Fashions Ltd.
5.75 + 19.79
STEL Holdings Ltd.
13.40 + 18.58

NSE Losers
Scrip Price(Rs.) %Change
Kriti Industries (India)
4.40 -20.00
Nicco Corporation Ltd.
1.55 -18.42
Unity Infraprojects Ltd.
23.05 -17.53
Novopan Industries Ltd.
36.60 -12.65
Transwarranty Finance Ltd
11.70 -10.00

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IPO/Global Markets

Rupee / Gold

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High forex losses may haunt India Inc again in Q3

Dated:November 27,2011


Top Headlines
Since January, the rupee has plunged by about 18 per cent from near 44-level against the US dollar to a record low of below 52-mark.

The loan of between 400 bn and 600 bn euros would give Italy a window of 12 to 18 months to implement budget cuts.

In developed markets, the hypermarkets are larger to start with. Some hypermarkets have as many as 60-80 check-out counters.


Most Read Story
Inflation is all around us. Every visit to the market brings shock at newlyraised prices. So would you then voluntarily pay Rs 75 for a litre of milk.

Most E-mailed Story
It is best to customise our spending categories based on past experiences and have well-defined financial goals, both short-term and long term.


Most Commented Story
In developed markets, the hypermarkets are larger to start with. Some hypermarkets have as many as 60-80 check-out counters.


Latest Updates


Rupee volatility to remain till eurozone crisis resolved

Dated:November 25,2011


Duvvuri Subbarao, governor of RBI said that the central bank is watching the rupee, but could not say whether it will intervene in forex market directly.

Gold could test Rs 27,500 per 10 grams by December end, according to poll of 10 participants, which included SBI and Scotia Mocatta.

Under the new policy allowing foreign supermarkets in India the govt will have the first right to procure farm products, the trade minister said.


Market Round-up
SENSEX 15695.43 -163.06
NIFTY 4710.05 -46.40
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Delta Magnets Ltd.
36.95 + 34.36
V2 Retail Ltd.
22.70 + 20.11
Salora International Ltd.
22.50 + 20.00
Celebrity Fashions Ltd.
5.75 + 19.79
STEL Holdings Ltd.
13.40 + 18.58

NSE Losers
Scrip Price(Rs.) %Change
Kriti Industries (India)
4.40 -20.00
Nicco Corporation Ltd.
1.55 -18.42
Unity Infraprojects Ltd.
23.05 -17.53
Novopan Industries Ltd.
36.60 -12.65
Transwarranty Finance Ltd
11.70 -10.00

Most Read Story
Noel's indifference to aggressive growth would not have gone down well with some Bombay House veterans. Noel clearly wasn't the man for that.

Most E-mailed Story
Leadership from below explains the valour of Taj employees who died to keep guests alive during the terrorist attack on the property.


Most Commented Story
"I came planned to the event to slap the minister," attacker said. "All of them are corrupt," he shouted when he was removed by security and policemen.


Latest Updates


Nifty ends November series above 4750;GAIL,ONGC up

Dated:24 November,2011

The Nifty closed at 4756.45, up 50 points or 1.06 per cent. The broader index touched a high of 4771.10 and low of 4639.10 in trade today.

TCS, Tata Motors, Tata Steel and Tata Power rallied in a strong market, helping the group attain a market capitalisation of close to Rs 3,80,000 crore.

'Nobody is immune from this financial crisis and if you thought this was just a European crisis, your currency is telling you otherwise.'


Market Round-up
SENSEX 15858.49 158.52
NIFTY 4756.45 50.00
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Novopan Industries Ltd.
41.90 + 18.53
Ramsarup Industries Ltd.
8.20 + 15.49
IFCI Ltd.
24.30 + 13.29
Pantaloon Retail (India)
201.20 + 12.56
Sterlite Technologies Ltd
34.65 + 11.06

NSE Losers
Scrip Price(Rs.) %Change
SRHHL Industries Ltd.
3.15 -14.86
Cura Technologies Ltd.
72.50 -14.71
Kamat Hotels (India) Ltd.
94.10 -14.22
Asian Granito India Ltd.
34.30 -11.48
Parsvnath Developers Ltd.
36.00 -10.00

Views on Stocks/Markets

IPO/Global Markets

Rupee / Gold

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Sensex Rebounds 158 Pts; Sharad Pawar Slapped In Delhi

Thursday, Nov 24, 2011

CABINET CLEARS COMPANIES BILL  
The Cabinet has given a nod to the Companies Bill. The Bill which will be tabled in the Winter Session of Parliament gives more powers to SFIO, makes it mandatory for auditor to be rotated every 4 years. It also puts an end to speculation by doing away with 2% mandatory CSR spend but makes disclosure mandatory. On the big question of allowing FDI in retail sector there seems to heated discussion among cabinet members. It may be recalled that the Left parties are none-too-happy about opening this sector to foreigners. But India Inc is keen that this bill sails through in the Winter session. read more  
LEAD STORIES
SENSEX REBOUNDS 158 PTS ON SHORT-COVERING  
Market rally was also aided by appreciation in the rupee and positive European cues. Nifty was up 50 pts at 4,756.45. Sensex closed at 15,858.49. read more
PAWAR SLAPPED IN DELHI, RIPPLE EFFECT IN MAHARASHTRA  
Union agriculture minister Sharad Pawar was slapped by Harvinder Singh, a transporter in his thirties at a literary function in Delhi. read more

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TOP VIDEOS

AT A GLANCE
BSE 15858.49 +158.52
NSE 4756.45 +50
TURNOVER
Rs. 275,980 cr
BSE CASH
Rs. 1,941 cr
NSE CASH
Rs. 12,341 cr
NSE F&O
Rs. 261,698 cr
BULLION
GOLD 28588 -167
SILVER 55502 -273
CRUDE
NYMEX 96.49 +0.32
BRENT 107.59 +0.57
FOREX
$ / Re 52.065 -0.3
£ / Re 80.649 -0.44
€ / Re 69.382 -0.31
EVENTS

25 November
Conference On ECE Industry: Vision 2020 & Beyond, BIEC, Bangalore
2G Case: Kanimozhi's Bail Plea To Be Heard At The Delhi High Court


26 November
Symposium On International Commercial Arbitration By LCIA, Marriott, Ahmedabad


3 December
CII CFO Summit 2011, Taj President-Vivanta, Mumbai


8-11 December
The INK Conference In Association With TED, Jaipur

EXPERT VIEWS

"With MF Global going bankrupt - which was a gigantic commodities firm - there was a lot of artificial forced liquidation of commodities. People have to sell whether they like it or not. It`s artificial selling right now."

Jim Rogers
Investor
"Depreciation of rupee has naturally created unprecedented problems. This will lead to under recoveries (revenue loss) of more than Rs 132,000 cr (in FY 2011). Having said that, we are waiting for the situation to evolve. International market is volatile, both in regard to the price of oil and in regard to the position of rupee..."

S Jaipal Reddy
Petroleum Minister
"Nothing but fiscal profligacy is the key reason for India's fall...The problems seen throughout the year in India have been emanating from Delhi and from this government's inability to either get expenditure under control or focus on things that will debottleneck their economy."

Jim Walker
MD, Asianomics

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India Tonight  
Karan Thapar, India's leading commentator and columnists leads a power packed current affairs show. Focusing on the big story of the day, India Tonight cuts through the clamor and goes beyond the hype to the real story behind the headlines, from all perspectives.
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