Dr M Khalid's global village blog

http://www.thehindubusinessline.com/companies/article2415067.ece BHEL disinvestment to depend on market sentiment: Patel NEW DELHI, AUG 31:  Timing for the BHEL follow-on public offer will depend on the market conditions and the FPO may even be deferred. "The timing will have to be seen, depending on market conditions. If markets are where they are today, certainly we can ask the Disinvestment Department to defer it," Heavy Industries and Public Enterprises Minister Mr Praful Patel said. The Cabinet Committee on Economic Affairs (CCEA) yesterday approved five per cent FPO in the power-equipment major. The Department of Disinvestment (DoD) has already appointed four merchant bankers for disinvestment of BHEL, in which the government holds 67.72 per cent stake. On the basis of the stock price yesterday, the Navratna PSU is valued at Rs 86,532 crore and the government may rake in about Rs 4,300 crore by offloading five per cent of its stake through the FPO. Mr Patel said...

http://economictimes.indiatimes.com/markets/stocks/views/recommendations/overall-market-trend-is-still-down-rajat-bose/articleshow/9795131.cms Rajat Bose, rajatkbose.com in an interview with ET Now talks about his outlook for Nifty. What do you make out of this particular aspect where the discount is just widening right now, more leverage positions on the short side vis-a-vis also what we are seeing on the Bank Nifty which has started moving lower... Bank Nifty is still about 0.2% higher from yesterday's close whereas the Nifty Futures has already started moving down but the fact that discount is increasing means that fresh short positions are being created and this would also get testified if you look at the option chain of the Nifty Futures.

If nifty crosses 5190 or Sensex crosses 17220, we can expect the indian markets to have get into uptrend. Till that, the market is in a downtrend.

http://articles.economictimes.indiatimes.com/2011-08-08/news/29864419_1_fiscal-deficit-fiscal-stimulus-financial-crisis ET Bureau   Aug 8, 2011, 08.29am IST Tags: US recession | US debt limit NEW DELHI: India weathered the 2008 crisis well, but there are fears that this time round the country is not even ready for a crisis of much lesser magnitude, let alone a full-blown debt default in Europe or a possible US recession. Weak finances, persistently high inflation and policy inertia have considerably weakened the government's position today. "This time our basics are weak. A domestic meltdown is expected and our resilience won't be as much as last time," said Nisha Taneja, professor of economics at ICRIER. Growth estimates are down to 7.2% in the current year, not far from 6.8% the country managed in crisis-ridden 2008-09, and every other indicator is pointing downwards. Contrast that with 9.3% growth on the eve of the crisis when India could do no...

PTI Aug 19, 2011, 06.21pm IST Tags: standard chartered|LACS NEW DELHI: Bangalore-based Lakshmi Access Communications Systems today unveiled tablets built on Android platform in the price range of Rs 6,250 to Rs 35,000. "The base price for the tablet is USD 99 but with taxes it goes up to Rs 6,250," Lakshmi Access Communications Systems (LACS) MD Mahendra Kumar D Jain said. The tablets are available in 7-, 8- and 10-inch model in four product category namely Pepper, Tamarind, Mirchi and Paprika. Pepper, priced at Rs 6,250, is built on Android 2.2 and has 800 Mhz Via processor. It has 4 GB in-built memory, expandable up to 16 GB and supports 3G dongles for connectivity. Each of the tablet will have external keyboard and USB port connectivity option. http://articles.economictimes.indiatimes.com/2011-08-19/news/29905168_1_android-tablet-warranty-base-price

http://articles.economictimes.indiatimes.com/2011-04-27/news/29479102_1_indian-money-black-money-swiss-banks Black money in Swiss banks mainly from India: Julian Assange ET Bureau Apr 27, 2011, 03.43am IST Tags: wikileaks|Switzerland NEW DELHI: WikiLeaks founder Julian Assange on Tuesday said there was more Indian money in Swiss banks than any other nationality, sparking off renewed demands from the Opposition for disclosure of the names of account holders and bringing back black money. "Yes, there are Indian names in the list," Assange told a television channel. Assange disclosed that he was being offered a swap deal for handing over the details of Swiss banks and their secret account holders list. He said WikiLeaks had an offer through a third party that if it returned the data, then whistleblower Judith Elmer would be set free. He revealed this when asked when the information will come out as peopple across India have been waiting to know. "Well, let me tell you what ...

Gold has not crossed its support and has made an upward move. It will keep rising for 1 or two weeks.

http://www.indiainfoline.com/Markets/News/Sensex-hits-1-12-year-low-below-16000/3911232171 Capital Market / 14:21 , Aug 26, 2011 Key benchmark indices extended losses to hit 1-1/2-year lows in mid-afternoon trade as heavy selling by foreign funds this month weighed on sentiment. Weak global shares also weighed on sentiment. The barometer index BSE Sensex fell below the psychological 16,000 mark. Index heavyweights Reliance Industries dropped. The market breadth was weak. The Sensex was down 149.23 points or 0.93%, off about 260 points from the day's high and up close to 40 points from the day's low. NTPC and Jaiprakash Associates hit 52-week lows. Metal stocks declined on worries the global economic slowdown may crimp demand. Steel giant Tata Steel, JSW Steel and Sterlite Industries hit 52-week lows. Realty stocks fell on worries higher interest rates could dent demand for residential and commercial properties. Bank stocks extended recent steep losses triggered by concerns that...

Stocks are in a downtrend for the next three months. Gold is good to buy if it reaches 1650. check on http://goldprice.org/gold-price-history.html#30_day_gold_price Gold proces in india move in same ratio as dollar price. Commodities: avoid for next three months

http://economictimes.indiatimes.com/markets/commodities/is-there-a-gold-bubble-now/articleshow/9671836.cms After reporting consistent gains for the past 10 years, gold continues to be the best performing asset this year as well. The year-to-date return is a whopping 35% as the price of gold touched an all-time high of Rs 27,840 per 10 gm on 19 August. While new investors and speculators are rushing to benefit from this 'golden harvest', seasoned players have already started raising an alarm.  "Gold is getting into a bubble territory. Though the short-term uptrend may continue due to the ongoing sovereign crisis in the US and Europe, it can burst any time," warns Prithviraj Kothari, president, Bombay Bullion Association. So investors need to be cautious. While it is the 'safe haven' demand that is propping up gold, investors need to keep in mind that this is not a risk-free market. Gold had crashed to $260 an ounce (nearly 69%) after hitting a peak of $850 in...

http://licreddy.com/Content/information/insurancenews_details.asp?NewsCode=4872 LIC Buys Double as Prices Dive 10-Aug-2011 Life Insurance Corp of India, the government's institution of choice to stabilise the stock market whenever it gets wobbly, has more than doubled stock purchases in the past three days as the global debt worry-triggered selloff made valuations attractive. LIC, the country's biggest investor with stakes in L&T, Axis Bank and Grasim, will raise its secondary market purchases this fiscal as IPOs dry up with promoters not keen to sell shares at lower valuations. "We have been buying in the past few days,'' said a LIC executive involved in decisionmaking. "With the market correcting and not many public issues coming up, we would be investing more in secondary market," said the person who did not want to be identified. LIC to Invest . 50k Cr More LIC, which had been buying stocks for an average of . 120 crore in the first four...

LIC hikes stake in Tata Steel NEW DELHI: Life Insurance Corporation of India has bought 9.4 lakh shares in  Tata Steel  from the open market, hiking its holding in the steel-making firm to a little over 14 per cent. In a communique to the Bombay Stock Exchange (BSE), Tata Steel said that following the acquisition of additional shares on August 12, LIC currently holds 13.49 crore shares, or a 14.06 per cent stake, in the firm. LIC had a 13.97 per cent stake in Tata Steel before the latest transaction, it said. As of June 2011-end, Tata Steel's promoters, including Tata Sons, held a 30.60 per cent stake in the company.  HTTP://ECONOMICTIMES.INDIATIMES.COM/MARKETS/STOCKS/STOCKS-IN-NEWS/LIC-HIKES-STAKE-IN-TATA-STEEL/ARTICLESHOW/9635868.CMS LIC holds 6.93 per cent stake in Maruti Suzuki India, while seven fund houses together hold 3.93 per cent stake. http://articles.economictimes.indiatimes.com/2014-02-25/news/47670874_1_royalty-shareholders-parent-c...

http://business.rediff.com/report/2009/aug/20/lic-buys-shares-of-rcom.htm Life Insurance Corporation of India [  Images  ] has hiked its stake in Anil Ambani [ Images  ] Group company Reliance Communications [  Get Quote  ] to 7.02 per cent after buying fresh shares worth Rs 1,274.4 crore through an open market transaction. LIC [  Get Quote  ] has purchased 4.16 crore (41.6 million) shares representing 2.01 per cent stake in private telecom services provider Reliance Communications worth Rs 1,274.4 crore (Rs 12.74 billion), Reliance Communications said in a disclosure to the Bombay Stock Exchange [  Images  ]. Prior to the purchase, LIC held 5 per cent stake in the company, while now it holds 7.02 per cent stake or 14.50 crore (145 million) shares of Reliance Communications. Shares of Reliance Communications on Thursday settled at Rs 245.25 on the Bombay Stock Exchange, up 2.08 per cent from the previous close.

http://www.thehindubusinessline.com/todays-paper/tp-markets/article976212.ece?ref=archive http://www.mydigitalfc.com/news/lic-gets-buying-spree-048 LIC gets into buying spree By  Falaknaaz Syed Aug 08 2011 , Mumbai Tags:  News As global markets went into a tailspin, public sector behemoth Life Insurance Corporation of India (LIC) has turned an aggressive buyer in local stock markets. In the last two days, LIC has remained a net buyer and bought frontline stocks worth Rs 1,000 crore, with most investments going into blue chip stocks from FMCG, IT, metals and engineering sectors. A senior LIC official told Financial Chronicle that the stocks are now available at 30-40 per cent discount. He said, LIC has in general refrained from buying banking shares. On Monday, LIC remained a net buyer and bought stocks worth Rs 500 crore, said the official. "We have been buying FMCG, IT, metals and engineering but have refrained from buying banking stocks. Only in some cases where ...

http://articles.economictimes.indiatimes.com/2011-08-10/news/29872290_1_illiquid-stocks-lic-secondary-market LIC buys double as global debt worry-triggered selloff makes valuations attractive Shilpy Sinha, ET Bureau   Aug 10, 2011, 01.30am IST Tags: Standard & Poor's | Power Finance Corp. MUMBAI: Life Insurance Corp of India, the government's institution of choice to stabilise the stock market whenever it gets wobbly, has more than doubled stock purchases in the last three days as the global debt worry-triggered selloff made valuations attractive. LIC, the country's biggest investor with stakes in L&T,  Axis Bank  and Grasim, will raise its secondary market purchases this fiscal as IPOs dry up with promoters not keen to sell shares at lower valuations. "We have been buying in the past few days," said a LIC executive involved in decision making. "With the market correcting and not many public issues coming up, we would be investing...

http://news.in.msn.com/international/article.aspx?cp-documentid=5358624 Cambridge lab named after Cipla chairman Hamied London, Aug 11 (PTI) A cutting-edge chemistry laboratory co-named after Dr Yusuf Hamied, chairman of Indian pharmaceuticals major Cipla, has been opened at the University of Cambridge. The laboratory based in the Department of Chemistry is called Todd-Hamied laboratory. Todd refers to Prof Lord Alexander Todd, the Nobel Prize winning chemist and former Master of Christ''s College, a university statement said. The laboratory will explore harnessing materials for energy storage and conversion in an effort to develop the next generation of batteries and fuel cells. Prof Clare P Grey has been appointed director of the Todd-Hamied Laboratory. Prof Grey said: "I''d like to thank Dr Hamied for his generous contribution to the laboratory, which has allowed us to convert an old, abandoned space into an impressive and well-desig...