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World Bank to give USD 3 bn to India for bank recap

Posted on: Friday, January 16th 2009 and is filed under Press Releases.

New Delhi: India expects to get USD three billion from the World Bank in two tranches by March 31, 2010, to help it recapitalise public sector banks, besides National Housing Bank and EXIM Bank. The World Bank may most probably give the first phase of the loan by June this year, a senior ...

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Jet Airways Q3 net loss widens to Rs 214.18 cr

Posted on: Friday, January 16th 2009 and is filed under Stock News.

Mumbai: Private sector carrier Jet Airways’ net loss widened today to Rs 214.18 crore for the third quarter ended December 31 from Rs 91.12 crore in the year-ago period. The Naresh Goyal-led firm told in a filing to the Bombay Stock Exchange that total income rose 24.60 per cent to...

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RIL completes arguments in gas dispute

Posted on: Friday, January 16th 2009 and is filed under Stock News.

Mumbai: Reliance Industries, which is fighting off a case by Anil Ambani promoted Reliance Natural Resources, in the Bombay High Court over gas supply, completed its five-day argument on Friday. The two-year-old case is heading towards a judgement as RNRL has said it will only need two d...

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Buy TCS, target of Rs 584: Motilal Oswal

Posted on: Friday, January 16th 2009 and is filed under Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Tata Consultancy Services (TCS) with a target of Rs 584 in its January 15, 2009 research report. “3QFY09 USD revenues declined 5.8% QoQ to USD 1,483 million. PAT at Rs 13.5 billion grew 7.2% QoQ. In 3Q, both TCS and Infosys have grown 1...

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Intraday calls for 16-01-09

Markets likely to open flat. Buy RCF at 33.80, target: 35.50. Stoploss: 33 Buy Divis Laboratories at 1129, target: 1160. Stoploss: 1115. ...

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Satyam Computer suggest promoter Ramalinga Raju’s accounting skills seem to be too good to crack

Posted on: Friday, January 16th 2009 and is filed under Press Releases.

New Delhi: Investigators probing the financial manipulation in Satyam Computer suggest promoter Ramalinga Raju’s accounting skills seem to be too good to crack. Sources tell Network 18 investigating agencies have called for the services of forensic accounting experts from KPMG to c...

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Oil falls below $34 for first time in ’09

Posted on: Friday, January 16th 2009 and is filed under Press Releases.

NEW YORK (AP) — Oil prices flirted with five-year lows Thursday as unemployment benefit claims rose and OPEC cut demand expectations for 2009. Any belief that energy prices had bottomed out were wiped away early in the day as crude plumbed new lows for the year and more government d...

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See 2720-2733 as crucial Nifty support: Rajat Bose

Posted on: Thursday, January 15th 2009 and is filed under Market Outlook.

Rajat Bose of rajatkbose.com feels 2,720-2,733 would remain a crucial support area for Nifty. “One needs to watch out whether those supports hold or it goes to test the support level at 2,700 or even lower. However, there is a possibility that this range would hold.” ...

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Buy HDFC Bank, target of Rs 1200: Motilal Oswal

Posted on: Thursday, January 15th 2009 and is filed under Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on HDFC Bank with a target of Rs 1200 in its January 14, 2009 research report. “(1)NII grew 22%, in line with estimate, (2) other Income grew 12% YoY, higher than estimate on the back of strong treasury profits (Rs 2.3 billion v/s Rs 1.3 b...

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Satyam has receivables of Rs 17,000 crores: Deepak Parekh

Posted on: Thursday, January 15th 2009 and is filed under Stock News.

NEW DELHI: HDFC Chairman Deepak Parekh, a member of the newly constituted Satyam board, said that the “Ram Myanpati is in contact with the new Satyam board and the rumors that he has fled India is wrong.” Ram Myanpati, a whole time director of Satyam for the last two years, was right...

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