blogsJam

The bitter sweet saga of Cadbury’s desperate fight to stay independent is finally over, with its board recommending a revised offer from Kraft for a friendly takeover after almost 6 months of acrimonious battle. read full article »

Day trading is not a cup of tea for every other trader in the market. Many think that trading is gambling or kind of luck infected game. But in reality it is a pure mental game which involves well defined strategies.Over the years you would have observed that my trade levels are much sharper and .. read full article »

HDFC, IndusInd to double headcount in i-banking divInvestment banking is likely to diversify and increase their fee income as they tap the existing customer pool. Top companies hiring in India I Interview mistakes read full article »

Mozilla, Google Chrome, Opera great alternatives to IEMany internet security firms are suggesting users temporarily stop using Internet Explorer to avoid becoming victim of cyber attacks. Fortify your online defences, now read full article »

SEBI has allowed trading of additional currency contracts apart from the currently traded USD-INR contracts. We’ll soon be able to trade the Euro, the Japanese Yen and the UK Pound (see Zip file) with the Indian Rupee. The contract specs are – 1000 of the foreign currency (100,000 in case .. read full article »

RBI nods futures trading in euro, pound, yenStock exchanges can launch futures trading in euro-rupee, pound sterling-rupee and yen-rupee with immediate effect. Risks in 2010 I Why currency keeps fluctuating read full article »

Microsoft Corp said on Tuesday it would shorten the time it stores Internet users' addresses from Web search queries from 18 months to six months following a request from a European Union data privacy panel. read full article »

Stock Market Tips for Tomorrow | Tips Indian Stock Market | Nifty Guidance | Sensex Update read full article »

MetLife Inc is in talks to buy American International Group Inc's American Life Insurance Co (Alico) unit in a deal that could be valued between $14 billion and $15 billion, a source familiar with the matter said on Tuesday. read full article »

European shares rose on Tuesday, hitting their highest close in more than 15 months, boosted by drugmakers, while Cadbury hit record highs after the firm accepted a $19.6 billion takeover offer from Kraft. read full article »

Share Many millionaires are among society’s biggest movers and shakers, working long hours and exhausting their mental capacity day in and day out to further their business, invent new medicines or produce greater art. Other millionaires simply luck into their fortunes. Either by birthright or .. read full article »

Chrysler to recall 24,177 vehicles on brake issueChrysler will recall 24,177 vehicles due to a potential defect in brake system that could result in sudden brake failure. Skoda Yeti | Tata Aria | Toyota Etios | Maruti Eeco read full article »

State-run National Textiles Corporation expects to raise Rs 4,000 crore from sale of its assets across three cities, Textiles Minister Dayanidhi Maran said today. read full article »

Two weeks ago, Warren Buffett complained publicly about Kraft’s offer. Alice Schroeder says she sees Buffett’s influence in today’s deal. After much stalling and contention, Cadbury has a agreed to a $19.5 billion takeover by Kraft. Forbes has the scoop: Just days after Cadbury declared .. read full article »

JAL files for $25 bn bankruptcy, to cut 15,700 jobsJAL, which has now been bailed out by Japanese govt 4 times in past 10 years, will cut 31 routes and replace older planes. Top 15 global airlines | World's riskiest airlines read full article »

Global fund house BlackRock has acquired the assets of the US-based Helix Financial Group, which has operations in India, for an undisclosed amount. read full article »

US stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the US Senate put President Barack Obama's healthcare reform in jeopardy. read full article »

Chrysler is recalling more than 24,000 cars because of a brake defect that could lead to brake failure. Reuters has more: The recall applies to 2010 model-year Chrysler Sebring, Dodge Avenger and Nitro, and Jeep Liberty, Commander and Grand Cherokee SUVs, as well as 2009-2010 model year Dodge .. read full article »

Mutual Funds (MFs) turned net sellers in equities worth Rs 1,150 million on January 18. They bought equities worth Rs 5,065 million and sold equities worth Rs 6,215 million. Till January 18 they have been net buyers in equities worth Rs 17,177 million.MFs turned net buyers in debt segment worth .. read full article »

Ads are finally gaining traction on Twitter through sponsored tweets. These tweets, marked (ad) or “ad,” can net users up to $10,000 each from big sponsors like Sony and Microsofit. The San Francisco Chronicle has more on this phenomenon: “Twitter is the evolution of the Web page,” said .. read full article »

Emkay has recommended `Buy` rating on HBL Power Systems with target price of Rs 58 on Jan. 19, 2010. The brokerage house expects an EPS of Rs 4.2 and Rs 5.2 in FY11E and FY12E respectively, implying earnings CAGR of 17% during FY10EFY12E. This is despite not factoring any contribution from .. read full article »

Foreign Institutional Investors (FIIs) turned net buyers in equities worth Rs 2,947 million on January 19. They bought equities worth Rs 26,199 million and sold equities worth Rs 23,252 million. Till January 19, they have been net buyers in equities worth Rs 67,625 million.FIIs remained net .. read full article »

Foreign Institutional Investors (FIIs) turned net sellers in the equity segment worth Rs 3,616.7 million on both the BSE and the NSE on January 19 as per provisional data available at NSE. They bought equities worth Rs 21,238.8 million and sold equities worth Rs 24,855.5 million.While, Domestic .. read full article »

The collection of Securities Transaction Tax, a tax levied on transactions done on the stock exchanges, has witnessed a 25 per cent jump this year, Chief Income-Tax Commissioner RK Singh said. read full article »

ZEE Entertainment Enterprises Ltd (ZEEL) has approved the move to acquire a further 45 per cent stake in Taj TV Limited Mauritius, owners of Ten Sports. This will increase ZEE Network's control in the popular sports channel to 95 per cent. Up until now, ZEE Network had a 50 per cent stake in .. read full article »

Venture Capital investment in Indian companies slumped 43 per cent to $475 million (around Rs 2,200 cr) in 2009, but analysts hope that the fund raising would pick up in the coming months. Venture capital (VC) firms invested $475 million over 92 deals in India in 2009, the data compiled by .. read full article »

Anil Ambani Group's financial services firm Reliance Capital is considering divesting up to 20 per cent stake in its mutual fund arm, Reliance Asset Management Company, to an overseas strategic partner. Induction of global partner would help Reliance Asset Management Company to expand its .. read full article »

India and China should look at developing their economic relationship, Chinese Premier Wen Jiabao Tuesday told visiting Indian Commerce Minister Anand Sharma. read full article »

... read full article »

In a step towards reform of the fertiliser subsidy regime, the government may unveil the proposed Nutrient Based Subsidy Policy in a limited way over the next fortnight, after a Group of Ministers headed by finance minister Pranab Mukherjee endorses it this week. read full article »

India and Malaysia are expected to sign three pacts, including an extradition treaty. The Malaysian Prime Minister, Najib Tun Razak arrived on a five day visit to India this evening. During his stay in New Delhi, he will hold delegation level talks with Prime Minister Dr Manmohan Singh .. read full article »

Credit rating agency, CARE has reaffirmed the A+ rating assigned to the Long-term Bank Facilities of Garden Silk Mills (GSML) aggregating Rs 11,747.2 million and also reaffirmed the PR1+ rating assigned to the Short-term Bank Facilities of the company aggregating Rs 2,000 million. This rating .. read full article »

Why do we call it filing tax `returns`, when in actual sense it is an `outgo`? Government feels that taxes are for the larger good of the people and so, in the long run, it is a return. Do you agree? Yes, if you are a CA, financial consultant or a finance aware person, you would have a long list .. read full article »

Japanese Yen is rising against the dollar and so is the Nikkei Index. And the Euro is weakening from the financial crisis in Greece. Both these facts doesn't bode well for equities in the US. With $VIX at the lowest level and expectation for correction being high, any weak earnings report can .. read full article »

Credit rating agency, CARE has revised the rating assigned to the long-term bank facilities of Shrenuj & Co. (SCL), aggregating Rs 7,115 million from the rating of A to A-. This rating is applicable to facilities having tenure of more than one year. Facilities with this rating are considered .. read full article »

read full article »

Gold prices moved up by Rs 10 to Rs 16,850 at the bullion market here today on the back of fresh local buying interest coupled with higher overseas trend. read full article »

The RBI allowed the introduction of currency futures in euro, yen and pound sterling, a move dealers said would improve liquidity in the derivatives market. read full article »

Google has postponed the launch of two mobile phones in China which use its Android platform, in the first sign its business in the country is starting to be affected by a dispute over hacking and censorship. read full article »

Citigroup posts $7.6 billion Q4 lossCitigroup Inc posted a $7.6 bn fourth-quarter loss after taking charges linked to repaying govt funds. How to invest in 2010 | Bubble trouble: What, why and how? read full article »

No, this is just not working. Every time it goes near 5280~, it gets sold off like mad. The breadth has been poor too for the last two days and the a/d ratio has dropped. The % of stocks below 10 and 20 day averages have also dropped. This looks like a sell signal to me and this time around, I .. read full article »

India Max Investment Fund has bought 0.59% stake in Simbhaoli Sugars for an aggregate amount of Rs 11.36 million.India Max Investment Fund bought 0.13 million shares of Simbhaoli Sugars at Rs 11.36 million.Simbhaoli Sugars is engaged in the manufacture of sugar, alcohol and bio manure. The three .. read full article »

Bond yields climbed on Tuesday on renewed concerns about inflation, after falling to one-month closing low in the previous session. read full article »

SBI Mutual Fund A/c Mglf. has bought 6.07% stake in Page Industries for an aggregate amount of Rs 231.64 million.SBI Mutual Fund A/c Mglf. bought 0.27 million shares of Page Industries at Rs 231.64 million.Page Industries is engaged in the development and production of high quality underwear for .. read full article »

Global flows of investment fell by nearly two-fifths last year, with both rich and poor countries suffering a drop in funds, the United Nations Conference on Trade and Development said. read full article »

Emerging Markets Management, L.L.C has sold 6.68% stake in Page Industries for an aggregate amount of Rs 255 million.Emerging Markets Management, L.L.C sold 0.30 million shares of Page Industries at Rs 255 million.Page Industries is engaged in the development and production of high quality .. read full article »

Seamec announced that the deployment of vessel `Seamec Princess` with Dulam International, Dubai UAE has been extended till Feb. 28, 2010. Seamec is currently engaged in the business of operating multi-support vessels for diving and for providing underwater/sub sea engineering services, deep sea .. read full article »

Spark has been updated. read full article »

Advani Hotels & Resorts (India) today said that its board has approved the sale of its 50.997% stake in its subsidiary viz, Advani Pleasure Cruise Company (APCCPL) to Delta Corp (DCL) on the terms & conditions agreed to in the share purchase agreement.Advani Hotels & Resorts` principal activity .. read full article »

Religare Enterprises, a Ranbaxy promoter group company, today announced results for the quarter ended Dec. 31, 2009. The group`s consolidated net profit declined 51.69% and stood at Rs 214.66 million for the quarter ended Dec. 31, 2009 as compared to Rs 444.32 million for the quarter ended .. read full article »