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Cricket: World Cup trophy lifted by Team India is a fake

Avatar Click Here for Original Story: http://www.cricklive.info
posted by patelarp 424 days ago
It was a moment cherished by a billion Indians on Saturday. The moment India captain Mahendra Singh Dhoni lifted the glittering ICC WORLD CUP, ending a 28-year drought of World one-day championship wins for a cricket mad nation. But that moment may be irreparably tarnished, not just for Team India, but all Indian fans. Because the trophy that captain Dhoni and his teammates so passionately kissed, hugged and adored - and millions of fans worldwide cheered - was a fake. A mere replica, not the original. This has never happened in the 36-year history of the cricket World Cup. Did the Indian players know that the cup that Sharad Pawar, president of the International Cricket Council (ICC) and India's agriculture minister, presented to them, the gold-and-silver trophy that President Pratibha Patil lovingly touched at a reception on Sunday, was not the real one? Interestingly, a day before the final, Dhoni and his Sri Lankan counterpart Kumar Sangakkara had customarily posed with the same replica. And whether their teammates were aware of that? Chances are they were not.
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Business: Don't see a 3K-4K mkt bounceback: Vibhav Kapoor

Avatar Click Here for Original Story: http://www.india-stock-market-news.com
posted by patelarp 1430 days ago
Vibhav Kapoor of IL&FS said if the Nifty goes below 3,850 and starts to stay below that for a day or two, then one could see much more downside. "The technical level on the Sensex would come to about 11,400-11,500." According to Kapoor, chances of a complete reversal or sharp bounceback of 3,000-4,000 points looks difficult because the fundamental situation -- boiling oil, high inflation, rising current account and budgetary deficit -- are not all that great. Investors should increase their cash holding to 50%, he said. "Preservation of capital is the most important thing in this sort of situation. Therefore, use every rally to increase your cash." Sudarshan Sukhani of Technical Trends said that if 3,600 Nifty breaks, then the markets could fall all the way to 2,600. "There is no support after that. Let's hope that 3,600-3,700-3,800 Nifty will provide some support. This will happen only if international markets suddenly turn bullish, political scenario becomes better, and sentiment improves." Excerpts from CNBC-TV18’s exclusive interview with Vibhav Kapoor and Sudarshan Sukhani: Q: Are you surprised by the ferocity of the selling seen in the past 72 hours? Kapoor: Not entirely. When you have a bear market like this, you get into a stage of panic very soon, which is what the markets are getting into. Nothing counts at that time and it is only the fear that counts. That is exactly what is beginning to happen over the last 2-3 days. It has been compounded by the fact that you potentially have so much of bad news. It is more a political problem. One does not know what will happen to the government. There is the global problem and rumors of hedge funds in problems. There are rumours of Israel attacking Iran. So there are so many negatives that may or may not happen. But when people are losing money and you have been in a downtrend for such a long time, it is very natural for people to get into that panic stage and that is actually what is happening. Q: Does it look like it is getting into some kind of a climatic stage? Do you think that the market may have to see a lot more price damage? Kapoor: It is very difficult to tell at this time because in such situations nothing is rational. So, when there is irrationality of some kind, it is very difficult to say where that will stop and to what levels the market can go. In December-January, we were really worried about that irrationality on the upper side. The same is the situation on the downside. So, in a situation of this type, when you are looking for very short-term answers, technical analysis is much better than fundamental analysis. Valuations in many stocks are very cheap right now, but that is not stopping the downfall. Technically, this 3,900 is a level everybody is banking on. Below that, at around 3,850 is another level. So, if the market goes below 3,850 and starts to stay below that for a day or two, you could have much more of a downside. read more.. www.india-stock-market-news.com
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Business: Anil Ambani looks to buy over 40% in MTN

Avatar Click Here for Original Story: http://www.india-stock-market-news.com
posted by patelarp 1445 days ago
Indian billionaire Anil Ambani, whose flagship company Reliance Communications is in talks with South Africa-based MTN, is looking to buy more than 40 per cent stake in the telecom major, a media report on Tuesday said. "Anil Ambani, Chairman of India's Reliance Communications (RCom), is considering buying more than 40 per cent of MTN, Africa's biggest wireless company," the Financial Times reported in Singapore in its Asia edition. The newspaper also pointed out that the talks have been complicated by the threat of legal action by Anil Ambani's elder brother Mukesh Ambani, who is claiming a right of first refusal over any stake sale by RCom. The report said that Ambani was looking for ways to increase his ‘in-effect’ controlling position in the South African firm. Quoting people familiar with the situation, the newspaper said, "... Mr Ambani was looking at how he could maximise an in-effect controlling position in MTN by seeking to persuade the South African mobile operator's shareholders to waive their right to a tender offer." It has been thought that Ambani would limit himself to a 34.9 per cent stake in MTN, because if it went higher, then he would be required as per the South African laws to make an offer to buyout the other shareholders of the telecom major. "... Mr Ambani was looking at the case for a "whitewash" procedure under which MTN's shareholders would vote on whether to waive their right to a tender offer. If the shareholders agree, Mr Ambani may end up owing 40-45 per cent of MTN," the report said quoting both people familiar to the situation and a person close to the talks. In May, RCom and MTN had entered into a 45-day exclusivity talks to explore the possibility of a merger. These talks had begun on May 26. Even though, several transaction structures have been examined, no conclusion has been reached yet. According to the newspaper, Ambani is seeking to engineer a de facto takeover of MTN under which he would swap most of his 66 per cent shareholding in RCom for a near-controlling stake in the merged entity. "The talks are politically sensitive because MTN is one of South Africa's most successful post-apartheid Companies. Any deal with Reliance would almost certainly be presented as a merger," the report said. "MTN's largest shareholders are Newshelf, a company that holds 13 per cent on behalf of the group's...
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News: Coke, Pepsi divestment may be bottled after inquest

Avatar Click Here for Original Story: http://www.india-stock-market-news.com
posted by patelarp 1465 days ago
NEW DELHI: Call it cola comparison, but it is not about fizz or pesticides. The government has decided to compare all aspects of the investments made by cola giants Pepsi and Coke in India to study if waiver of the divestment clause imposed on the two multinationals serves any purpose. The move is set to prolong PepsiCo’s wait for waiver of the mandatory 49% divestment condition imposed when it obtained permission for investing in India. Coca-Cola India has already fulfiled that condition by diluting equity through private placement, only to buy the shares back and re-convert into fully-owned subsidiary of the American parent. The department of economic affairs in the finance ministry and the department of industrial policy & promotion have been given the responsibility of studying the rationale of the divestment condition placed on the two companies. The purpose of the comparison is to go into the depth of the divestment condition and see if it has been fulfiled, highly-placed government sources said. The impact of the private placement by Coca-Cola India, instead of an IPO, and the buy-back would also be part of the study, they added. According to a decision by the Foreign Investment Promotion Board (FIPB), the comparison would look into the following details: “What was the rationale of divestment condition placed in the approvals of PepsiCo and Coca-Cola?; What was the dispensation clause?; and What is the difference or similarity between the proposals of PepsiCo and Coca-Cola?” The policy intent for the condition must be ascertained and deliberated in the first place, the Board emphasised.
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Business: Anus Laboratories Limited IPO

Avatar Click Here for Original Story: http://www.india-stock-market-news.com
posted by patelarp 1486 days ago
Incorporated in 1996, Anus Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture bulk active pharma ingredients and intermediates for drug molecules and was promoted by Mr. K. Hari Babu. Company started their own manufacturing facilities in the year 1998 from Chilakamarri Village, Shadnagar, Mahboobnagar District, Andhra Pradesh with manufacturing of 2,4 Dichloro 5 Fluoro Acetophenone (DCFA). Company had started export of their products in the year 2002 to Israel followed by exports to other countries like Italy, Japan, France, USA and Singapore. Currently, exports comprise of 12.37% of total turnover. Source: http://www.india-stock-market-news.com/
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Business: Eight ways to become a best trader

Avatar Click Here for Original Story: http://www.india-stock-market-news.com
posted by patelarp 1486 days ago
It is a human nature to make blunder in stock market. Though, there always a chance to learn from your mistakes and get better yourself for the long run. Here are some ways to turn into an enhanced trader. 1. Set Stop Losses and Take Profits - Set and forget trading is usually profitable. When you place each trade, keep in mind to place your exit and stop loss, and then let the market be your guide. Have a preset limit of how much you are keen to win and how much you can lose. Technical analysis will tell you the best price for selling and the best place for buying. Support and resistance points are the best places to put limit orders. 2. Stick to Your Weapons - Do not try to run from the market. The only way to bigger in trading profit is to stay in the game and keep trading. Running from the trades and the action will keep you beyond the market, whether it is hot or cold. Glue to your trading plan and ratify trading discipline are the keys to producing profits. 3. Eliminate high chance for trading - You would not imagine making consistent profits at the roulette wheel, and you should not do the same with your investments. The active, professional trader only takes quality trades opposed to quantity of trades. 4. Dont watch Minute-to-Minute - Swing traders should be keen to avoiding the minute-to-minute movements. It is easy to set an exit point that will not be hit for three weeks, but then close a potentially profitable trade due to minute-by-minute movements. There is no reason to get out of a trade for quick profits if you are in for the long haul. Small difficulties create temporary stress and can reduce swing traders to day traders. Niche trading works because you are specialized in your own area. Source: http://www.india-stock-market-news.com/
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News: India meets City with 49m Religare bid for Hichens Harrison

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1526 days ago
In its first foray in international mergers and acquisitions (M&A), the Indian banking sector has its sights set on gaining access to London's junior stock market through the City's oldest broker. Religare, the Indian financial services group, bid 49 million this week for Hichens Harrison, Britain's oldest independent brokerage, in a deal observers say is designed to fast-track a path to the Alternative Investment Market (AIM) for sub-continental clients. "This is primarily about Religare expanding its product portfolio, about being able to raise money in London for Indian companies" Roddy Sale, a consultant and former veteran Bombay banker, said. "Dealing with the FSA [London's financial watchdog] is quite time-consuming. Religare is set on quick growth." Related Links Tata pays 1bn for Jaguar and Land Rover Hamleys holds talks to take its toys to India SBI is finding retail investors are being wary Gagan Banga, the chief executive of India Bulls, India's largest retail brokerage, told The Times that the Religare bid showed that Indian financial firms "have come of age". Others including his own are eyeing further offshore acquisitions, he said. Hichens's own brokers, meanwhile, are said to be sanguine about losing their long-held independence. "No, the price doesn't offer a great premium, but they have recognised that the Indians can give them some scale," a source said. "Some of them are actually getting quite excited about it." Source: http://indian-stock-market-tips.blogspot.com/
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News: IPO regime set to undergo sea change from July

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1526 days ago
100% payment by QIBs in IPOs and shorter time between IPO closing & listing. The Securities and Exchange Board of India (Sebi) is expected to take two decisions simultaneously in July. The first is to introduce a shorter time-frame between the closure of an IPO for subscription and its listing. The second is asking all classes of investors, including qualified institutional buyers (QIBs), to make full payment while applying for an IPO. Currently, QIBs have to pay a margin (around 10 per cent of the book-building price-band) when applying for subscription. But retail investors have to pay the entire amount, which is refunded within 15 days of the closure of the IPO if shares are not allotted. Institutional investors, including foreign institutions, are known as QIBs. Sources familiar with the developments said Sebi wants to fast-track these two decisions but a final decision can be taken only around July as a great deal of paperwork still needs to be completed and proper market feedback taken on board before a final decision. The decision should be taken by July, they said. Sebi Chairman C B Bhave had recently said at a conference in Singapore that the regulator wants to change the norms for QIB investments in IPOs. Source: http://indian-stock-market-tips.blogspot.com/
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Business: Hero Honda leads gainers in A group

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1540 days ago
Jet Airways, Exide Industries, Hindustan Unilever and CESC are among other gainers. Hero Honda Motors rose 1.3% to Rs 737.50 and it was the top gainer from the BSE's A group shares. The companys net profit rose 31.5% to Rs 275.01 crore on 2.9% to Rs 2,743.07 crore in Q3 December 2007 over Q3 December 2006. Jet Airways rose 0.59% to Rs 630.60 and it was the second biggest gainer from the BSE's A group shares. The company reported a net loss of Rs 91.12 crore in Q3 December 2007 AS compared to a net profit of Rs 40.04 crore in Q3 December 2006. Sales rose 29.4% to Rs 2,425.98 crore in Q3 December 2007 over Q3 December 2006. source: http://indian-stock-market-tips.blogspot.com
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Movies: DEEPIKA BACK TO RANBIR

Avatar Click Here for Original Story: http://allcool-stuffs.blogspot.com
posted by patelarp 1547 days ago

No sooner Kareena Kapoor shifted to Saif Ali Khan after ditching her boyfriend Shahid Kapur with whom she dated for several years than we have another such news. This is about the newcomer Deepika Padukone who shot to fame in her debut Shah Rukh Khan starrer 'Om Shanti Om'. Deepika is stated to have quit her relationship with cricketer Yuvraj Singh and shifted to Ranbir Kapoor . This is a sort of comeback for Deepika though as she had been linked with him earlier too. The report isn't a gossip as the industry bigwigs have witnessed it .At the 53rd Fair One Filmfare awards function, they were caught unawares saying 'I love you' to each other. The duo came together backstage and waited for their entry. While Ranbir was found looking into Deepika's eyes there , Deepika wasn't far behind in repeating her love to him. That's not the whole story. The onlookers saw the duo holding hands through the night at Farah Khan's party. This isn't new for them as they had been close to each other during the shooting in Australia for Siddharth Anand's film, and not in the distant past. Yuvraj may be aware of it, as he hadn't liked Deepika ignoring him for Ranbir for quite some time.
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Business: Sushmita Sen at "Samsara" DVD Launch

Avatar Click Here for Original Story: http://allcool-stuffs.blogspot.com
posted by patelarp 1548 days ago

The DVD of director Pal Nalin's critically acclaimed aand commercially successful film Samsara' was launched with a bash at Rock Bottom. Sushmita Sen, Bollywood's sexy and sultry actress, graced the do along with Anurag Kashyap and Gary Richardson.
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Business: SVEC Constructions Ltd IPO

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1548 days ago

Incorporated in 1985, SVEC Constructions Limited is a leading company in the construction industry in India. They executes projects for Government, public and private corporates. SVEC Constructions has completed many contracts with various public sector undertakings, defence establishments, State and central governments. SVEC undertakes projects like the construction of major specialized public utility buildings and irrigation projects involving the use of heavy machinery besides heavy structural steel fabrication works. SVEC has designed, constructed and delivered some of the infrastructure projects in the country covering the following sectors of the industry: Irrigation Commercial Residential Hospitals Judicial Sports stadium Airports Industrial structures SVEC is one of the specialists in CC lining and construction of structures for canals and in building residential/commercial buildings for Government, public and private corporates.
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Business: Shriram EPC falls below IPO price on debut

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1562 days ago
Settles at Rs 293.60 on BSE compared to IPO price of Rs 300 Wind turbine manufacturer and engineering firm Shriram EPC settled at Rs 293.60 on BSE, a discount of 2.1% over IPO price of Rs 300. The stock debuted at Rs 290, a discount of 3.3% over the IPO price. The stock hit a low of Rs 281.05 and high of Rs 374.70. On BSE, 1.04 crore shares changed hands in the counter. The current price of Rs 293.60 discounts its year ended March 2007 EPS of Rs 3.3, by a PE multiple of 88.96. Shriram EPC IPO had ended with 3.91 times subscription on 1 February 2008. The IPO had received bids for 1.95 crore shares as against 50 lakh shares on offer. The qualified institutional buyers (QIBs) portion was subscribed 6.13 times, the non institutional investors portion was subscribed 0.41 times and the retail investors portion was subscribed 0.62 times. The price band for the IPO was Rs 290-330. http://indian-stock-market-tips.blogspot.com/
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News: Oil India IPO to come even though IPOs collapse

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1570 days ago
State-run explorer Oil India Ltd will go ahead with its initial public offer to raise up to $378 million after March despite the crash of three IPOs in a volatile Indian market, the firm's chairman said. "We need not pull back as far as our offer is concerned, we have very strong fundamentals and nothing should come in the way," Chairman and Managing Director M.R. Pasrija said. Last week, Emaar MGF Land, an Indian joint venture of Dubai's Emaar Properties, and Wockhardt Hosptials axed their IPOs after a weak investor response and on Tuesday SVEC Constructions Ltd abandoned its offer. Shares in utility Reliance Power Ltd, which in January raised $3 billion in India's largest IPO before the market slide, have fallen by a quarter in two days of trading. But Oil India expects good investor response for its offer to sell 11 percent stake, or 26.4 million shares, in the IPO. "Crude oil prices are strong, gas prices are going to remain strong, so our case is different than the rest," Pasrija said. http://indian-stock-market-tips.blogspot.com
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Business: SVEC Constructions withdraws IPO

Avatar Click Here for Original Story: http://indian-stock-market-tips.blogspot.com
posted by patelarp 1571 days ago
IPO falls prey to weak market conditions As per reports, there is one more sufferer of weak market conditions. After Emaar MGF and Wockhardt Hospitals which pulled out their initial public offers (IPO), SVEC Constructions also has reportedly withdrawn its IPO due to poor response to the issue. The IPO of SVEC Constructions was subscribed by just 0.25 times at 15:00 IST on 12 February 2008. The initial public offer received bids for 9.81 lakh shares as against 40 lakh shares on offer. SVEC Constructions had extended its IPO closure period to Wednesday, 13 February 2008, due to poor response for the issue. The issue was supposed to close on 8 February 2008. SVEC Constructions had also revised the price band of the IPO to Rs 80-90 per share from the earlier Rs 85-95 per share. The SVEC Constructions IPO had opened for subscription on 4 February 2008. http://indian-stock-market-tips.blogspot.com/
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