Wednesday, Oct 12, 2011
|
 |
|
|
|
SCAM 2.0: BLACK MONEY WORTH $40 BN BACK IN INDIA?
Three analysts from Kotak Securites have probably struck paydirt in unearthing a scam that will be bigger than the 2G, Commonwealth and multiple illegal mining scams put together. The trio have been poring over our export numbers and foreign investor inflows and have proved that it just does not add up. And if it does, maybe all the fuss kicked up about Swiss banks and illegal funds abroad has sent black money scurrying back to home base. The amounts involved could be as large as $40-45 billion and this is money that came back just in one year, 2010-11. read more |
SENSEX SURGES 422 PTS ON INFOSYS Q2, GLOBAL CUES
Better-than-expected Q2 results by IT bellwether Infosys, overshadowed disappointing IIP numbers and took the markets up over 2.5% with Infosys shooting up 7% and SBI 6%. Sensex was up 421.92 points, closing at 16,958.39 points while the Nifty shot up by 125.05 points ending at 5,099.40 points. read more |
|
|
|
|
|
| AT A GLANCE |
| BSE | 16958.39 | +421.92 |
| NSE | 5099.4 | +125.05 |
TURNOVER
Rs. 157,170 cr
|
BSE CASH
Rs. 2,706 cr
|
NSE CASH
Rs. 12,247 cr
|
NSE F&O
Rs. 142,216 cr
|
|
|
| BULLION |
| GOLD | 26859 | +195 |
| SILVER | 53835 | +566 |
|
|
| CRUDE |
| NYMEX | 86.07 | +0.26 |
| BRENT | 111.81 | +1.08 |
|
|
| FOREX |
| $ / Re | 48.95 | -0.38 |
| £ / Re | 77.209 | +0.3 |
| € / Re | 67.536 | +0.21 |
|
|
| EVENTS |
|
| 12-13 October |
 | India-Africa Business Partnership Summit, Hyderabad International Convention Centre, Hyderabad |
|
|
|
| 13-14 October |
| Seminar On Legal Formulations For Sustainable Water Management, New Delhi |
|
|
|
| 14 October |
| Conference On Business Opportunities In Africa: New African Footprints, New Delhi |
|
|
|
| 14-15 October |
| International Tax Conference, New Delhi |
|
|
|
| 15 October |
| Reliance Industries To Announce Q2 Results |
|
|
|
|
|
|
"When we talk to our clients we are definitely seeing delays in decision making. Scrutiny of investments, re-thinking of investments we are seeing. At the same time we are not seeing project cancellations or programme cancellations, we are not seeing budget cuts for this year at this point in time but we are in an uncertain environment."
SD Shibulal
CEO & MD, Infosys
"It (further rate hike) depends on the inflation situation. We raise rates not because it is an end in itself. To the extent we see the problem persisting, then there is a basis to raise rates but if we see the problem is starting to ease off, then that would provide the basis for a change."
Subir Gokarn
Deputy Governor, RBI
"The question is not whether or if there is going to be a double dip, but whether it`s going to be mild or severe with another financial crisis. You need an EFSF (European Financial Stability Facility) that is four times as large as the 440 (billion euros) to make sure that a bad equilibrium, and a self-fulfilling run on Italy and Spain doesn`t occur...There`s no plan for that, because politically even the first EFSF has not yet been approved, let alone to triple it or quadruple it."
Nouriel Roubini
Economist
|
|
| WATCH OUT |
 Infosys Boardroom
It has been a brutal year for investors in India with rising interest rates, a depreciating Rupee & an uncertain global environment. As the moment of truth approaches, all eyes are on India Inc.. Will margins continue to thin? Or can the Q2 numbers surprise the street and lift the spirits? This earnings season can be a game changer for the Indian markets. Watch Boardroom, India's most authoritative earnings analysis.
|
SHOW TIMINGS
All through the month
|
|
|
|
No comments:
Post a Comment