blogsJam : Indian Finance & Business

Owing to the surging demand for gold ahead of the marriage season, business is likely to stay buoyant over the next two weeks. How to buy gold ETFs, gold MFs read full article »

On Wednesday , Nirmal N Kotecha bought 268,261 shares at Rs 281.03 a share of S E L Manufacturing Company at the National Stock Exchange (NSE). Govardhan Murlidhar Dhoot bought 100,000 shares at Rs 14 a share and Poonawalla Investment & IND sold 110,000 shares at Rs... read full article »

MCX Comdex, the composite index of metals, energy and agro-commodities was up by 0.65% at 2821.89 points, MCX Metal by 0.37% to 2782.60 points. MCX Energy by 0.93% at 3821.44 points and MCX Agri by 0.28 %.Bullion:Bullion contracts gained. Gold April 09 contract was up by 1.21% to Rs 12172 per 10 .. read full article »

Indian federal gilt yields eased on Wednesday, August 27 as banks bought debt to meet statutory requirements. Higher crude oil prices also helped gilt yields to ease. Oil prices stood at USD 116.27 a barrel.The 10-year gilt yield settled at 8.88% a mark lower than Tuesday`s close of 8.89%. It .. read full article »

Here's a snapshot of what is going on with Nifty index funds in India. The annualised tracking error is computed using the one year of data ending 31 July 2008. SchemeTracking error (%)Expenses (%) Nifty BeES 0.19 0.50 Franklin India Index Fund - NSE Nifty Plan - Growth 0.42 1.00 Franklin .. read full article »

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Vishal Retail,  a  retail house in India, disclosed a rise in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company increased 34.66% to Rs 140.11 million from Rs 104.04 million for the quarter ended March 2008.  Net sales increased 18.25% to .. read full article »

With an aim of reducing the inflationary effect on `Aam Admi`, the government has approved a scheme to sell subsidized pulses through ration shops, reports Economic Times. A top official of consumer affairs ministry discloses that the government has finalized the scheme to sell 0.4 million tons .. read full article »

Author: P.V. SubramanyamThe Housing Market… Why the price-to-rent ratio is signaling more pain ahead Whether you`re investing in real estate, stocks, bonds, or gold coins, you are rewarded primarily for your exposure to one thing - risk. After all, markets are only risk transferring .. read full article »

Vishal Retail, a retail house has opened four new showrooms during last week. One of the showroom is at Roorkee with area coverage of 10,700 sq. ft (approx), two showrooms at Inderlok, New Delhi with area coverage of 272 sq. ft and  240 sq. ft (approx) respectively. Last one is at Gulabi Bagh, .. read full article »

Emkay Research maintains `BUY` rating on IRB Infastructure developers with a price target of Rs 218 as against current market price of Rs 159. (August 27)IRB Infastructure developers stock has underperformed Sensex by 10% over the last three months driven by concerns over rising interest rate .. read full article »

ET: 6 things your bank will never tell you: You are a valued customer only till you have not availed the services of a bank or till the bank is hoping to gain from you in some way or the other. However, most banks do start taking you for granted the moment you become their customer. For .. read full article »

ICRA assigns `LAA` rating to the Rs 1 billion long term loans Rs 1.5 billion cash credit facilities and Rs. 470 million non fund based limits of Motherson Sumi Systems (MSSL).   ICRA also assigned... read full article »

The board of directors of Wipro on Wednesday resolved to issue and allot 600 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees under the restricted stock unit plan 2004.   Wipro, headquartered in Bangalore was established in 1946. It is a leading .. read full article »

ICRA assigns an LAAA rating to the Rs. 1,000 million proposed longterm fund based bank limits of Indraprastha Gas (IGL), a JV of GAIL (India) , Bharat Petroleum Corporation and the Government of the National Capital Territory of Delhi.   The rating... read full article »

Sundram Fasteners (SFL) has acquired 52.94% equity share capital of Sundram Non- conventional Energy Systems (SNES), a subsidiary from Sundram Fasteners Investments (SFIL) and Upasana Engineering (UEL), wholly-owned subsidiaries of the company. Consequent to the acquisition of the equity shares, .. read full article »

Sureshkumar Iyer, technical analyst, Asit C Mehta Investment Interrmeidates while commenting on the market said,  ``The Nifty opened flat at 4,336.85 and made a high of 4,364.25.However, the mood since initial trades, was weak, and after 2.30 PM the fall was acute. It made a low of 4,282.65 and .. read full article »

Oriental Bank of Commerce (OBC) has increased prime lending rate (PLR) by 25 basis points (bps) from 13.75% to 14% from Aug. 11, 2008. At present, Oriental Bank of Commerce spreads its wings across India through 530 branches an equally elaborate ATM network. of 505 ATM`s. Shares of the .. read full article »

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Crude oil futures traded in positive zone in the Indian future market today (August 27) as investors enlarged their positions taking cue in the international market.On the New York Mercantile Exchange, light, sweet crude for October delivery was up USD 1.40 at USD 117.67 a barrel on concerns .. read full article »

The department of telecom (DoT) is likely to launch the second phase of mobile phone expansion covering about 0.2 million villages.  With this, mobile services will cover all habitats with population of 500. About 11000 additional towers will be installed under the scheme. Details of the scheme .. read full article »

Fitch assigns `AAA(ind)` rating to Indian Oil Corporation`s (IOC) Rs 15 billion long term debt programme.   Fitch also affirmed IOC Long-term foreign currency issuer Default Rating at BBB- and its National Long-term issuer rating at AAA ( read full article »

RBI auctioned 364 - day Treasury Bills today (August 27). The notified amount for the auction was Rs 20 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 139 competitive bids worth Rs 102.29 billion for the bills. However, it accepted only 23 bids for .. read full article »

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RBI auctioned 91-day Treasury Bills today (August 27). The notified amount for the auction was Rs 20 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 79 competitive bids worth Rs 67.22 billion for the bills. However, it accepted only 28 bids for the .. read full article »

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Higher prices are not imported from Mars. They come from actions of central banks. Sectoral: Losers, Gainers | Gainers & Losers: BSE, NSE | Only: Buyers, Sellers read full article »

According to a study, the resulting increase in employee mobility are forcing firms to address policy issues on global assignments. read full article »

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Indian Railways` total approximate earnings on originating basis during the period from Aug. 11 to 20, 2008 posted a growth of 12.43% to stand at Rs 19.20 billion compared to Rs 17.08 billion during the same period last year.The total goods earnings have gone up from Rs 11.69 billion during .. read full article »

If you thought those kids in the Olympics were something, check out these enterprising kids who started on their millions as young as 14 years old. Catering to the Whatever Crowd   Ashley Qualls founded whateverlife.com at age 17 with $8 she borrowed from her mother. Her company designs and .. read full article »

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Study has revealed that lust for women and hunger to acquire property are the two reasons for evolution of bravery in men. Steps to success | Your spouse as colleague read full article »

The Axon takeover will pitchfork Infosys into the big league and enable it to bid for deals projects that go beyond legacy. Modern Moguls I Top 10 IT trends read full article »

Read the complete trading notes - [link] Trading Notes (Refresh the page to get the latest page) August 27 2008 There is a saying - "If you don't follow the stock market, you are missing some amazing drama". Well, now-a-days, the drama is that there is no drama. read full article »

Brokerage firms are also apprehensive over operational and taxation issues. Sectoral: Losers, Gainers | Gainers & Losers: BSE, NSE | Only: Buyers, Sellers read full article »

Lack of clarity over foreign venture capital investments (FVCIs) in India has led to 83 applications from foreign venture capital firms piling up with the Reserve Bank of India for approval. Of these, about 28 venture funds (non-real estate funds) which have sought approval have committed .. read full article »

India`s leading commodity future index, MCXCOMDEX is trading up by 31.37 points, or 1.12%, at 2,834.98 after opening at 2,807.18. (03.13 p.m.) Other index like MCXMETAL is trading upward by 29.29 points, or 1.06%, at 2,801.59 after opening at 2,775.47. Meanwhile MCXENERGY is trading up 50.46 .. read full article »

The government is likely to bar foreign venture capital funds (VCF) from investing in compulsory convertible debentures (CCD) and other quasi-equity instruments. Officials rewriting the norms governing foreign venture capital investor (FVCI) plan to restrict investments to pure equity. Sources .. read full article »

India’s biggest exploration company, Oil and Natural Gas Corp. Ltd (ONGC), agreed to buy Russia-focused British oil and gas firm Imperial Energy Plc. for £1.4 billion (Rs11,382 crore) to tap Siberian deposits and make up for dwindling output at home. ONGC’s overseas arm, ONGC Videsh Ltd .. read full article »

The investment arm of the Government of Singapore, GIC, may pick up slightly below 10% stake in Asset Reconstruction Company of India (Arcil), subject to approval from the Foreign Investment Promotion Board (FIPB). Arcil is the country’s largest asset reconstruction company (ARC). Sources .. read full article »

Embarking on an aggressive expansion plan for its flagship brand Cotton County, Cotton County Retail Ltd will receive an investment of Rs 120 crore from Sequoia Capital India, which manages $1.1 billion in funds. Cotton County, engaged in ready-to-wear apparel retail business, is an integrated .. read full article »

Hem Securities recommends `Buy` rating on Voltamp Transformers with a price target of Rs 1,150 as against current market price of Rs 845.  (August 26) Voltamp Transformers is one of the pioneer names in the Indian transformers space. For the year ended March 2008, the company posted a net .. read full article »