Archive for October, 2007
Audio launch – Bheema-PawanKalayan
Pawan Kalyan launched the audio of Vikram’s latest bilingual Bheema in the direction of Lingu Swamy. Trisha plays female lead. This music launch function was organized at screen 2 of Prasads multiplex on the evening of 29 October.
Speaking on the occasion presenter AM Ratnam said, “Its been one year since we launched this film. I would like to thank Vikram for his sincere support. He built body and changes hairdo for this film. Lingu Swamy did well. The songs of the film came our really well. I would like to thank Pawan Kalyan for attending this function.”
Director Linguswamy said, “The Tamil songs of this film became chartbusters. I am sure that these songs will be liked in Telugu too. I hope that this film would become a hit like my earlier films Run and Pandemkodi.”
Hero Vikram said, “I would like to thank …
Sensex sheds 194 points
The Bombay stock Exchange on Tuesday went on a roller coaster ride with the barometer Sensex first scaling a new peak of 20238 and later setting in sub 20k area on alternate bouts of buying and selling across sectors.
A number of bank stocks, including ICICI Bank, HDFC Bank and PNB, fell follwing the Reserve Bank decision to hike the amount of depositors money that banks must keep in reserve. Besides selling pressure emerged across other sectors later in the day after a morning surge pushed the Sensex past the 20000 level for the second consecutive day.however the index failedto close above this milestone.
Real estate stocks including DLF and Unitech defied the overall selling pressure and saw their market value grow. Snapping its six day winning steak, the 30-share Sensex setted at 19783.51 down 194.16 points from the previous close. The NSE Nifty also hit a new record high of 5971.70 …
At 20k also, mkt looks promising
The 30 share Sensex has touched 20,000 on monday and the foreign investors are continuing to find it attractive for investment. This is because many investots feel india is till cheaper thanits maincomopetitor china in attracting investment.
At around 20,000 the share prices of BSE Sensex stocks are quoting at 26.32 times of their average earning hai composite Index which has jumped almost five times from 2005 is quoting at over 52 times of their average earnings. Against this, Chines shanghai composite Index, which has jumped almost five times from 2005,is quoting at over52 times of their average earnings. the price to earning. However, the Russain market is quoting at only 13 times of its average earnings, a despite the fact that the income growth of companies in these countries are less than 10%. A senior foreign fund manager said high price to earning ratio is sustainable if the …
RBI to take a call on rates tomorrow
The Reserve Bank of India may have to take a tough call on whether to cut key rates or maintain the status quo when it reviews its monetary policy on Tuesday, with inflation being at afiveyear low even as excess liquidity problems persist.
RBI governor YV Reddy has a difficult role to perform as peaking interest rates have begun impacting the high growth momentum while the liquidity problem is being aggravated by surging forex inflows. While some bankers and economists expect a marginal cut in key short term rates, others feel the RBI might not do so in the face of inflation ary expections looming large due to surging global oil prices.
With interest rates having peaked and inflationary pressures still persisting the RBI is not expected to tinker with the rates they said. The apex bank might, how ever reduce the difference between …
Amitabh Bachchan loved playing the bad guy
Amitabh Bachchan has been getting bouquets aplenty for his performance in Rituparno Ghosh’s The
Last Lear. the actor was in London to attend the screening at the London film festival.
He is also slated to work with Johnny Depp in Mira Nair Shantaram. talking to the press about this film produced by Warner Brothers, he stated that Hollywood never approached him earlier.
Bachchan was also for thright on his views about the debacle called Aag. He agreed that the remake of Sholay should, perhaps, never have been attempted. Nevertheless, he went on to say that he enjoyed playing the villion after being the good guy all these years on screen.
Sensex jumps 258 points
The benchmark Sensex on Thursday surged by 258 points as investors engaged in hectic buying on the Bombay Stock Exchange and shares of Tata steel and ICICI Bank registered sharp rise.
Foreign institutional investors hectically covered short positions in derivatives on the concluding day of October series. The BSE barometer moved in the range of 18900.10 and 18459.51 before ending the day at 18770.89 a ris of 257.98 points over wednesday close of 18,512.91. The broader s&P cnx Nifty of the National stock exchange also ended up by 72.80 points to close at 5568.95 against the previous close of 5496.15.
Initially, investors seemed cautious head of SEBI board meeting on Thursday to decide on restrictions on P-Notes amid reports that the Reserve Bank of India has reiterated its earlier stance of a complete ban on PNs. Activity however was picked up as investors continued to roll over positions to next series
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Marginal gain for Sensex, Nifty
After a volatile trading session the BSE Sensex closed just 20 points higher on Wednesday, ahead of the Sebi board meet to finalise its proposals on P-Notes. the sensex surged by over 300 points in early trade before slipping into the red. It recovered towards the end of the day to end at 18,513 staying positive after its 879 points surge in the previous sessions.
The NSE Nifty also gained 22 points to close at 5,496. But in the boarder market, the mid caps and small caps beat the frontline stocks with their respective indices surging by over 1% on the BSE.
foreign institutional investors and operators were engaged in rolling over their derivatives position to the November series ahead of the expiry of October contracts on Thursday, market players said. The marketwide rollover was slightly over60% on wednesday.
The markets could be in for another choppy session on …
Dhoni shows the way
Is it Deepika Padukone or Priyanka Chopra Well, the Indian Captain ain’t saying anthing right now, but the buzz provides a lot of details. Apparently. MS Dhoni has been swept off his feet by the dainty Ms Padukone. grapevine also said that he had also invited Deepika to watch the India vs Australia T20 match in Mumbai.
And Deepika was very much there, lustily cheering on the captain and his team. Screens at the stadium flashed Deepika smiling face on the screen, followed by MSD shy grin. The duo has walked the ramp together in the past and dhoni is said to have ahuge crush on her. While the politically correct deepika has said she watched the match “for the entire team” ,dhoni is not saying much.
But we can tell you officially that nothing is cooking between dhoni and Priyanka, “This is completely baseless. Just because we …
Sensex hits biggest single day gain
Last Wednesday after discussions with the Reserve ministry and market regulator Sebi announced their intentions to tighten the lid on foreign investments in the stock markets. The markets went into a tizzy and the sensex recorded its biggest ever loss in a single day -717 points.
On monday, sebi clarified that in principle, it isn’t a gainst foreign funds in the stock markets. It also framed new rules that made things simpler for these investors. Not surprisingly then, on Tuesday, stocks posted large gains and the sensex shot up 879 points its biggest single day gain ever. Think of it as bungee jumping. Through the rise in percentage terms was smaller than what the sensex has seen in the past, pivotals recorded big gains to bring back buyers. Stock like Reliance Industraies and Bharat Heavy Electricals, big losers in the fall last week shot up and pulled …
Chiru changing phases
His image is down in the dumps for the time being and the mega star is now down in the dumps. But it was not always like this . In the last few years, Chiranjeevi made special efforts to build a larger than life image of himself.
‘Born for the people read the tagline for India a Chiranjeevi starrer released afew years ago. This was the moviethat provided insight about the image that the hero wanted to create for himself. In the past he was a dancing star, then a romantic hero and subsequently an anction hero, but there was now a conscious effort to change track.
Chiranjeevi, riding the height of his popularity chose subjects that had a mass appeal. In India released in 2002, Chiranjeevi handled the problem of Rayalaseema faction feuds. He sent across a message that enmity and revenge was not a solution …
Sensex ends losing streak, gains 54 pts
The BSE Sensex finally snapped its losing streak after four consecutive trading sessions to close 54 points higher at 17,614 on Monday, even as global indices droped sharply on concerns of a slowdown in the US economy. Banking stocks saved the day for the Indan bourses, as investors were bullish on these countres a head of the Reserve Bank review of the monetary Policy on October 30 The broader NSE nifty, however, fell by 31.30 points or 0.6% to close at 5,184.
The trading session was extremely volatile mainly due to the approaching expiry of derivatives series, which forced investors either to roll over positions to the November series or square off before expiry of contracts on Thursday, market players said.
Investors saw their wealth increase by Rs 31,500 crore as the Bombay stock Exchange’s market capitalisation rose to Rs 54.58 lakh crore.
Wipro Q2 revenues up 35 p.c.
Good business will continue to come from the U.S. market : Premji
Wipro has reported a 35 percent year on year revenues for the second quarter ended September 30, 2007 to Rs. 4,785 crore. The net profit stood at Rs. 824 crore against Rs. 700 crore in the corresponding quarter last year, an increase of 18 percent.
The company has announced an interim dividend of Rs. 2per share. Wipro’s Global IT services and products revenue grew only 9.7 percent sequentially to $ 796.5 million.
Wipro’s Chairman Azim Premji told reporters “Several large overseas deals were won during the quarter, including one with a total contact value of $ 275 million and another for $160 million over multiple years. Our partnership with SAP and acquisition of the U.S. IT services company, Infocrossing , whose revenues added to consolidated revenues from August, added up to global revenues of $ 796.5 million, ahead of our guidance …
Biggest single day fall in Sensex
Nifty sees 500-point swing during the day
The stock market witnessed the biggest single day fall on Thursday as the Bombay Stock Exchange 30 share sensitive index (Sen sex) lost 717.43 points at 17998.39. Metal, realty and bank stocks were the worst hit. On the National Stock Exchange (NSE) the 50-share Nifty also was down by 208.30 points at 5351.
The Participatory Notes (PNs) issued by the foreign institutional investors (FIIs)are still creating confusion in the stock market as the capital market regulator plans to impose a cap on the investments through this route, where the identity of the investor is unknown The heavy institutional selling took the indices to below the 18000-mark, which was achieved few days back.
Nifty saw a 500-point swing during the day and Nifty Junior, one of the indices which was hit badly as it was down by five per cent.
ACC’s results failed to enthuse the stock market …
TCS wins $1.2 b contract
Signs 10 year agreement with Nielsen of the Netherlands
The Nielsen Company, a leading provider of consumer and media information services, head-quartered in the Netherlands, has tied up with Tata Consultancy Services (TCS) for out-sourcing a portion of Nielsen’s information technology (IT) and operations functions worldwide.
Under the ten-year agreement, valued at $1.2 billion, TCS will assume responsibility for important IT and help Nielsen integrate and centralise multiple systems, technologies and processes on a global scale. It will also assume responsibility for certain finance and human resource business processes, which will be executed on new BPO platforms built by it.
The Nielsen Company provides a wide range of gl0obal services, including television and Internet audience measurement, insight and analysis of consumer behaviour for the packaged goods and retail industries, and is a major provider of business publications and trade shows.
“This arrangement with TCS will help us streamline and simplify our IT infrastructure and …
Chiru’s daughter elopes
Megaster chiranjeevi’s youngster daughter, the 19year old Sreeja, createda furore in true blue tollywood style as she decided a furore in true blue tollywood style as she decided to go ahead and get married to 22 year old Sirish Bharadwaj at the Arya Samaj, Bowenpally, between 9:30 and 11:00 am yesterday.Sreeja was quoted as saying that the couple were seeing each other for the past four years.
Fans and well wishers across the stage were in for a huge surprise as a regional television channel tecelcasted footage of the wedding setting off wide spread speculations about the marriage. By afternoon,smses were doing the rounds expressing concern for the megaster, and his family. but Sreeja comments were most shocking. “there is an imminent threat from my family to us and Sirish family. We seek the support of the media and the police,” she said to a news channel.
From …
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