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Market Review for 30th January 2009

Posted on: Thursday, January 29th 2009 and is filed under Market Outlook.

BSE Sensex: (9236) we saw volatility in good measure as the market climbed up and then sold off from our resistance on the nifty and closed marginally in the negative, but the move that has gone up in the last few days gives an impression that it has gone up to come down and so there is g...

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Reliance Power bags Tilaiya UMPP too

Posted on: Thursday, January 29th 2009 and is filed under Stock News.

Reliance Power has bagged the Tilaiya ultra mega power project (UMPP) in Jharkhand by offering to supply power at Rs 1.77 per unit — the lowest price quoted by the four companies in the fray.The next best bid for the Rs 16,000-18,000-crore project came from government owned NTPC, which ...

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Government’s probe finds ex-Satyam directors guilty

Posted on: Thursday, January 29th 2009 and is filed under Press Releases.

The government has decided to make all former Satyam Computer Services top executives and board members, including the independent directors, answerable for the fraud in the company on grounds that they “attempted to enrich themselves unjustifiably at the cost of the company and its...

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Tech Mahindra an outperformer: ICICIdirect.com

Posted on: Thursday, January 29th 2009 and is filed under Stock Views.

ICICIdirect.com has rated Tech Mahindra as an outperformer with a target of Rs 345 in its January 18, 2009 research report. “Tech Mahindra reported disappointing results for Q3FY09. It felt the impact of currency movement as well as declining spend by clients (revenues from both BT ...

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Inflation rises for second week in a row, now at 5.64 per cent

Posted on: Thursday, January 29th 2009 and is filed under Press Releases.

New Delhi: Driven by higher prices of essential food articles, jet fuel and alcohol, inflation inched up further for the second consecutive week, to 5.64 per cent for the week ended January 17. Inflation was higher by 0.04 per cent from 5.60 per cent a week before. Food items that became ...

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US House of Representatives passes $819 bn stimulus

Posted on: Thursday, January 29th 2009 and is filed under Press Releases.

Washington: The US House of Representatives has passed the $819 billion mega stimulus package, which is aimed at reviving American economy that is reeling under the worst ever crisis since the great depression of last century. ...

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Investors lap up gilt, income funds

Posted on: Thursday, January 29th 2009 and is filed under Press Releases.

MUMBAI: Gilt funds and income funds (medium and long term debt schemes) seem to be the flavour of the season. Financial investors are recommending them to their clients, who are lapping them up. If you look at the performance of the category in the past one year, you would understand why....

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Huge stimulus bill passes House as Obama prods

Posted on: Thursday, January 29th 2009 and is filed under Press Releases.

Massive economic stimulus bill swiftly passes Dem-controlled House after prodding by Obama WASHINGTON (AP) — In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increas...

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