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Friday, August 27, 2010

Fw: Reliance Small Cap Fund NFO

 
   Invest in "Reliance Small Cap Fund NFO" through our NSE terminals
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No need to fill any application form..... No need to provide photo copy of your PAN.........
 
Just place the order with your cheque. On allotment, units will automatically get credited into your existing Demat account.
 
If you do not have a Demat account, we will help you in opening an account immediately.
  
 Reliance Small Cap Fund  - Fund with an aggressive investment style
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  • An open ended equity fund focussing small cap stocks.
  • Select small caps of today are potential large caps of tomorrow.
  • More opportunities for re-rating of small caps as they are under researched & under valued.
  • Select small caps have the ability to become multi baggers in the long run.
A "high risk high return" product to suit an aggressive investor with a long term view.
 
Invest when young & reap benefit when mature..... NFO open already & closes on 09/09/2010.
 
Please note, the traditional application form route is also available. 
 
For further details, please contact your nearest branch of Integrated.For list of branches Visit http://www.iepindia.com/contact.aspx 
 
 

Fw: India Infoline Weekly Wrap – August 27, 2010


**[investwise]** Bernanke: Money Is Not The Issue, The Economy Is

 

The US Fed Will Keep Interest Rates At Zero For As Long As It Takes-This Will Imply big Asset Bubbles in Asia and South America As Free Money Chases Returns
 
JACKSON HOLE, Wyo. — The Federal Reserve chairman, Ben S. Bernanke, signaled once again on Friday that the central bank was prepared to act if the economy continued to weaken, as yet another economic report confirmed that the recovery had slowed to a crawl.
 
Mr. Bernanke made clear that while the Fed could take various steps, including large purchases of government debt, "central bankers alone cannot solve the world's economic problems." Speaking at the Fed's annual symposium here, he hinted broadly that political leaders had to take steps to tackle the deficit and the trade imbalance.
 
Hours before Mr. Bernanke spoke, the Commerce Department lowered its estimate of economic growth in the second quarter to an annual rate of 1.6 percent, after originally reporting last month that growth from April through June was 2.4 percent.
 
Economists had been predicting a steeper decline, and stock prices rose after the markets opened.
 
While Mr. Bernanke announced no new steps that the Fed would take immediately, he said the central bank was determined to prevent the economy from slipping into a cycle of falling wages and prices, a situation he said he did not think was likely. Instead he predicted that growth would continue modestly in the second half of the year and pick up in 2011.
 
Mr. Bernanke said the Fed, having kept short-term interest rates at nearly zero since 2008, had essentially four options:
 
It can purchase more government debt and long-term securities. It can try to coax down long-term interest rates by announcing its intention to keep short-term rates extremely low for even longer than the markets currently expect. It can lower the interest rate it pays on the funds banks hold at the Fed. And it can raise its medium-term target for inflation, which would discourage banks from sitting on their cash.
 
Mr. Bernanke suggested that the first of those options was the most likely, and all but ruled out the last two.
 
While the Fed committee that sets monetary policy was prepared to take new steps "if the outlook were to deteriorate significantly," he said, it "has not agreed on specific criteria or triggers for further action."
 
As Mr. Bernanke's remarks were released publicly, stock prices immediately fell, a sign that investors were hoping for some concrete signs that the Fed would step in to try to bolster the economy.
 
But as the market digested the chairman's full remarks, prices rebounded and the Dow Jones industrial average rose 164.84 points, or 1.65 percent, to 10,150.65. The yield on the benchmark 10-year Treasury note rose to 2.64 percent, from 2.48 percent.
 
The revised second-quarter growth data came after a week that showed that the economic retrenchment that began in the second quarter had spilled into the summer, with a sharp slowdown in new-home sales and a drop in sales of factory goods.
 
Consumer spending rose 2 percent in the second quarter — slightly better than the Commerce Department had initially projected. And a closely watched survey by the University of Michigan and Thomson Reuters showed that consumer sentiment ticked up marginally in August, while remaining well below levels seen during the previous six months.
 
In his first public remarks since the Fed took a modest step on Aug. 10 to lift the economy — a decision to invest proceeds from its huge mortgage-bond portfolio in long-term Treasury securities — Mr. Bernanke tried in some respects to dampen expectations that the Fed could make significant headway against the economic sluggishness.
 
Alan S. Blinder, a former Fed vice chairman and a Princeton professor, noted that Mr. Bernanke focused his remarks on the costs as well as the benefits of additional action to help the economy.
 
"The Fed has run out of the strong tools, and is turning to the weak ones," Mr. Blinder said in an interview here. "When you're fighting in a foxhole and you've used up the machine guns and hand grenades, then you pull out the swords and start throwing rocks."
 
Mr. Blinder said that the economy seemed "substantially worse" than it did three months ago — and that Mr. Bernanke had acknowledged the deterioration, cautiously.
 
The Obama administration is looking to the Fed to do more to spur the recovery, since its own options are few, given the political paralysis in Congress as midterm elections approach.
 
President Obama, vacationing on Martha's Vineyard, discussed the economy for about 15 minutes with Mayor Michael R. Bloomberg of New York before the two men played golf.
 
Mr. Bernanke avoided wading into the rancorous political debates over fiscal policy, instead focusing on the two objectives that form the Fed's legal mandate: price stability and maximum employment.
 
Inflation has been running well below the Fed's unofficial target rate of 1.5 to 2 percent. While conceding that inflation had fallen "slightly below" the desirable level, Mr. Bernanke said deflation was "not a significant risk" right now. He said the Fed would "strongly resist deviations from price stability in the downward direction."
 
Mr. Bernanke predicted the economy would continue to grow the rest of this year, "albeit at a relatively modest pace." He said the "preconditions for a pickup of growth in 2011 appear to remain in place," as banks increase lending, worries over the European sovereign debt crisis abate and consumers save more.
 
Strikingly, Mr. Bernanke acknowledged that the traditional tradeoff between inflation and employment had become all but obsolete, at least for now. "There is little or no potential conflict between the goals of supporting growth and employment and of maintaining price stability," he said.
 
Mr. Bernanke explained in detail the Fed's decision to use money from its mortgage bonds to buy government debt. The Fed has gobbled up $1.25 trillion in mortgage-backed securities and $175 billion in debts owed by Fannie Mae and other government entities — a major reason mortgage rates are at historic lows.
 
So far, the Fed has received about $140 billion through repayments of the principal on its holdings of those debts. An additional $400 billion or so could be repaid by the end of 2011. If the Fed had not taken the step it did, the central bank's balance sheet would have gradually shrunk, which would amount to a passive tightening of monetary policy — what Mr. Bernanke called "a perverse outcome."
 
He said the Fed's purchases of longer-term securities had helped bring down long-term interest rates and lower the cost of borrowing, contributing to the modest recovery that began in the spring of 2009.
 
However, such purchases seemed to be most effective in times of financial stress, and additional purchases would further complicate the Fed's future "exit strategy" when the time came to return to normal monetary policy, he said.
 
The Fed has said since March 2009 that "exceptionally low" levels of the fed funds rate, the benchmark short-term interest rate, would be warranted for "an extended period." The Fed could try to lengthen those expectations, as central banks in Canada and Japan have tried. But Mr. Bernanke cautioned that the Fed might find it "difficult to convey the committee's policy intentions with sufficient precision and conditionality."
 
The Fed currently pays 0.25 percent interest on excess reserves that banks keep at the Fed. But Mr. Bernanke said that slashing that rate even to zero might do no more than lower the fed funds rate by another 0.10 to 0.15 percentage points. He said doing so would harm the liquidity of short-term money markets.
 
Mr. Bernanke said he saw "no support" on the committee for setting a higher inflation target, as some economists have suggested. He called the strategy "inappropriate for the United States in current circumstances."
 
 
Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

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Recent Activity:
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INVESTMENTS IN INDIA
We are low-risk, long-term investors. 

Stocks, mutual funds and the entire investment gamut.  Only financing/investment avenues in India will be discussed. 

For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in

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NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.

NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.

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__,_._,___

**[investwise]** Over The REST of 2010, Investors Will Hv Another Chance To BUY Equities

 

The World Is Split Between East And West, As Are Stocks
 
Just as a clear shift of Wealth towards the East is taking place, stocks too are split right in the middle-those that are wanted, and the ones unwanted-in all keeping indices frozen in time. But the next 4 months could throw open immense opportunities. 
 
There's no question about it: So far, 2010 has been a tough, grinding year for the stock market.  The major indexes are down 5% to 10% for the year, with most off 15% or more from their spring peaks.  Many stocks and sectors have skidded sharply since topping out in April. 
 
And the news … well, the news simply stinks.  Housing sales are plunging, manufacturing output is fading, double-dip recession talk is everywhere, and, looking further out, many investors seem resigned to a sub-par long-term future for both the economy and the stock market, content to put their money in bonds yielding 2% for the next five or 10 years.

In other words, pessimism—not just about the present, but about the intermediate- and longer-term future of the economy—is literally off the charts!  Yet while 90% of investors are focused on all of the negative news and betting on a slow-growth or no-growth future, the other 10% (who correctly raised cash back in May when the market first began selling off … and before the news was so awful) are intelligently looking ahead toward the next big bull move. 
 
And I've got a message for you:  That bull move, based on history, is likely to begin in a matter of weeks … if not sooner!

Now, those of you who know me and my investing style know that I'm not the kind of guy who usually predicts where the market is heading.  (I like to think that I'm in the interpretation business, not the prediction business, when it comes to the stock market.) 
 
But I'm also a student of the market and have studied its past.  And one of the best tricks I've learned in hundreds of hours of studying is the success and consistency of the four-year cycle (also called the Presidential Cycle).

I wrote about this recently (the article was picked up by MarketWatch and other news outlets), and the main thrust of it was that, from the low in the year of the midterm election, to the high of the following year, the stodgy Dow Industrials averages a gain of 50%.  You read that correctly—a 50% gain, on average, for the Dow.

"Yes, Mike, that sounds great, but that probably occurred in the past because conditions were much better than they are today," a skeptic might say.  But that would be absolutely wrong!  In 1998, for instance, the market was faring far worse because of the implosion of Long-Term Capital Management and the Russian Ruble crisis (the Nasdaq fell 31% in 10 weeks). 
 
In 2002, the market was nose-diving in the third year of the Internet implosion.  Back in 1990, that "four-year bottom" was created as oil prices surged, the economy fell into recession and the first Gulf War was set to begin. 
 
Heck, I could even go back to the 1974 low, when the combination of Watergate, inflation, recession and a two-year bear market make this year seem like a run through the tulips!  In other words, this cycle has held true to form in many environments that were far worse than this year.  

Why does such a rally take place?  I think it's because, in most midterm years, the electorate tends to create a more divided government, something that historically, the market enjoys (partly because it eliminates lots of policy uncertainty).  Anyone reading the polls for this November 's election can see that, at the very least, Congress is going to become a lot more balanced.  Also, the President and Congress usually both try to goose the economy following the midterms to bolster their chances in the next election.

Thus, to me, the message is clear.  While it seems hard to believe, the market will likely not only form a major bottom relatively soon, but follow that up with a strong, sustained uptrend that lasts for much of 2011.  So the question is, how are you going to invest in that trend when it begins?  The best way to make money during bull moves is to buy the strongest fundamentally exciting stocks at the right time. 
 
I run a proprietary scan of more than 8,000 stocks every week with one goal in mind—to find out where the big money is flowing.  I'm talking about where the institutional investors (mutual funds, pension funds, even hedge funds) that control trillions of dollars are putting their money.  Once identified, these elephants usually continue to put their money in their favorite stocks and sectors … creating huge opportunities for individual investors.

Each week, then, I give you the 10 strongest stocks in the market, but I don't just drop a list in your lap.  I also tell you why the stocks are strong, what their prospects are and, importantly, provide a suggested buying range (I usually like to buy these strong stocks on normal, 5%-type retreats). 
 
The screens are unbiased; I'm just trying to find where the big money is flowing, whether it's in growth stocks, commodities, turnarounds, cyclicals … you name it, I'll find it.

Last but not least is market timing … a topic near and dear to my heart.  Because the heart of my market timing system is trend following, I'm never stuck in a prolonged downturn, and I'll also never miss out on a major bull run. 
 
I sat out most of 2008, in fact, and this year, I've had the Market Monitor in the neutral position since early May, advising subscribers to keep positions small and hold some cash on the sideline.

But as I said above, four long months of correction, combined with the four-year cycle and overwhelming pessimism among investors tells me a terrific buying opportunity is coming up quick. 

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

__._,_.___
Recent Activity:
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http://in.groups.yahoo.com/group/investwise/

INVESTMENTS IN INDIA
We are low-risk, long-term investors. 

Stocks, mutual funds and the entire investment gamut.  Only financing/investment avenues in India will be discussed. 

For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in

****************************************************************

NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.

NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.

****************************************************************
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__,_._,___

**[investwise]** Oriental Hotels To Approve 10:1 Stock Split Through Postal Ballot

 

Oriental Hotels Ltd has informed BSE that the Board of Directors of the Company at its
Meeting held on July 27, 2010, has, subject to requisite approvals being obtained by the Company, approved the sub-division (stock-split of each of the Equity Shares of the face value of Rs. 10 each in the Equity Share Capital of the Company fully paid-up into 10 Equity Sh4res of the face value of Re. 1 each fully paid-up and consequential amendments to the Capital Clauses in the Memorandum and Articles of Association of the Company.

The Company proposes to seek consent of the Shareholders for the aforesaid by a Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001.

In this regard, the Company has informed that

1. The cut-off date for the purpose of ascertaining the voting rights of the Members of the Company has been fixed as August 17, 2010.

2. M/s. S. Srinivasan & Co., Company Secretaries, Chennai have been appointed as the Scrutinizers for conducting the postal ballot process in a fair and transparent manner.

3. The Notice for Postal Ballot and the Ballot forms will be despatched to all the Members on August 18, 2010.

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

__._,_.___
Recent Activity:
*****************************************
http://in.groups.yahoo.com/group/investwise/

INVESTMENTS IN INDIA
We are low-risk, long-term investors. 

Stocks, mutual funds and the entire investment gamut.  Only financing/investment avenues in India will be discussed. 

For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in

****************************************************************

NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.

NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.

****************************************************************
.

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Kemrock Inds - Board recommends Final Dividend
Kemrock Industries and Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, considered/approved the following matters.
1. Recommended a final dividend of Re. 1.00 (Rupee One) per share of Rs. 10/-each for the financial year 2009-10 subject to approval of the ...

Solid Stone - Board recommends Dividend 
Solid Stone Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, have recommended a Dividend @ 6% on the Equity shares for the year ended March 31, 2010, subject to approval by the members at the ensuing Annual General Meeting of the Company.

KS Oils - Board to consider Dividend
K S Oils Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 04, 2010, to consider the following matters:
1. Quarterly results for the period ended on June 30, 2010. ...

Spanco - Board recommends Dividend
Spanco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, has recommended a payment of Dividend of Re. 1/- per Equity share of Rs. 10/- each for the financial year 2009-10, subject to the approval of the members in the ensuing Annual General Meeting.

PVR - Updates on Mer ger
With reference to earlier announcement informing that the Hon'ble High Court of Delhi has approved the merger of Leisure World Private Limited ('LWPL') with PVR Limited effective from the appointed date of April 01, 2010. PVR Ltd has now informed BSE that the Company is in the process of allotment of shares of PVR Limited to the members of the transferor Company to give effect to the said Order.

Mukesh Babu Fin - Board recommends Dividend 
Mukesh Babu Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, have recommended a dividend of 10% on the equity shares of the Company, subject to approval of the shareholders at the Annual General Meeting of the Company to be held on September 30, 2010.

Geodesic - Board recommends Final Divid end
Geodesic Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, have discussed and decided on the following :
1. Considered and recommended final dividend @ Rs. 1/- per share on the face value of Rs. 2/- each (@ 50%) on equity shares of the Company to be ...

Banas Finance - Board to consider Dividend 
Banas Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 28, 2010, to consider Audited Accounts for the year ended June 30, 2010 & will also consider recommendation of dividend, if any.

Hipolin - Board to consider Dividend 
Hipolin Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 28, 2010, to consider the following business:
1. To consider Annual Accounts of the Company for the year ending March 31, 2010. ...

SMS Pharma - Board recommends Divid end
SMS Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, has recommended dividend of Re. 1/- (Rupee One Only) per equity share of Rs. 10/- each on the paid up share capital of the company for the year 2009-10.

Prraneta Inds - Board recommends Dividend 
Prraneta Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2010, has approved the following:
1. Dividend to be declared @ 2% p.a. on the Equity Share Capital of the Company. ...

HCL Infosystems - Board recommends Final Dividend
HCL Infosystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, has recommended final dividend of Rs. 2/- per share (100%) on the fully paid-up equity shares of Rs. 2/- each for the financial year ended on June 30, 2010. The Company has already paid three interim (quarterly) dividends aggregating to Rs. 5.50 per share (275%) during the year.

Symphony Comf - Board recommends Dividend 
Symphony Comfort Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, has recommended dividend @ 25% (Rs. 2.50/-) per equity share of the Company for the year ended on June 30, 2010, subject to the approval of the shareholders of the Company at the forthcoming Annual General Meeting.

C&;C Const - Board recommends Divid end
C & C Constructions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, recommended the divined @ 27.5% i.e. Rs. 2.75/- per equity share, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting.

Empower Inds - Board to consider Dividend
Empower Industries India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 30, 2010, inter alia, to consider the following business :
1. To decide the date and venue for the Annual General Meeting of the Company. ...

Fw: Biotechnology Regulatory Authority of India (BRAI) bill


 


With the nuclear liability bill out of its way, the Government is now desperate to clear the Biotechnology Regulatory Authority of India (BRAI) bill. If cleared in its current form the bill will create an autocratic body to allow genetically modified (GM) food crops in the country.

The open letter with over 28,000 signatures was delivered to Ms Sonia Gandhi. But she has not responded to it till now.

As the chairperson of National Advisory Council [NAC], Sonia Gandhi can stop this bill. If she is not responding to our letter we will call her and tell her what we want in person.

Can you call Ms Sonia Gandhi and ask her and the NAC to get the Government to consult the people before tabling the bill?

http://links.mailing.greenpeace.org/ctt?kn=8&m=35736087&r=NTMzNTUxMTM5NwS2&b=0&j=ODA0MjcxMzMS1&mt=1&rt=0

Earlier we were trying to get changes in the nuclear liability bill. Though the bill disappoints on several grounds, changes demanded by people have been incorporated into the bill, due to the public pressure on the policy makers. The biggest being the re-inclusion of supplier liability in the bill. While they did not incorporate unlimited liability, they have increased the limit on it and allow the Government to further increase compensation depending on the scale of the accident.

We can do this again. Lots of people demanding change in the BRAI bill again, will help make Ms Gandhi and the NAC act fast.

The BRAI will be a single window clearance body for all GM food. If the bill is passed as is then we will not have a chance to stop the introduction of GM crops like we did in the case of Bt brinjal. Bt brinjal will come back along with 56 food crops whose GM versions are in the pipeline.

The bill will can be tabled in the Parliament any time. Call Ms Gandhi now to save your food from genetic contamination.

http://greenpeace.in/safefood/call-sonia-gandhi/

Thanks a billion!

Jai Krishna
Jai Krishna
Sustainable Agriculture Campaigner
Greenpeace India

P.S. Want to support our campaigns? We don't take money from any corporation, government or political party! We never have, and we never will. Do help Greenpeace remain fiercely and proudly independent. Click here to chip in.

 

Parenteral Drug - Board to consider Dividend & Bonus Shares
Parenteral Drugs India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 02, 2010, inter alia, :
1. To consider approval of the audited annual accounts of the Company for the financial year ended on March 31, 2010. ...

Havells India - Board recommends Final Dividend & Bonus Issue
Havells India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2010, inter alia, decided the following:
1. Recommendation of Final Dividend @ Rs. 2.50 per equity share of Rs. 5/- each i.e. 50% for the financial year 2009-10. ...

Jay Ushin - Board recommends Dividend  
Jay Ushin Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 26, 2010, inter alia, recommend a dividend 25% (Rs. 2.50 per equity shares of Rs.10/-. each) for the financial year 2009-10.

Kabra Extr - Fixed Record Date for Bonus Issue  
Kabra Extrusiontechnik Ltd has informed BSE that September 07, 2010 has been fixed as the Record Date for ascertaining entitlement of the Members for Bonus Shares to be issued and allotted in the proportion of 1 (One) new equity share for every 1 (one) existing fully paid equity share held by them.

source:bseindia.com