Sensex crossed the crucial 15,000 mark today, lead by a rally HUL, auto and steel stocks. Asian Markets too are on an upswing after central banks pumped in money. But it still looks like a choppy week ahead for the markets as the fundamental worries about subprime lending still remain. Two Goldman Sachs funds underperformed today, and are on life support. And despite the Fed's hand holding, the Dow did fall today.
Motilal Oswal IPO is to open on August 20th. If markets don’t recover, the IPO price might be revised. This though looks more attractive than Puravankara
Corporate Watch
Reliance Money is eying the rural segment. The rural market though presents a huge market, assessing the credit worthiness of borrowers will remain an uphill task as most borrowers might not have stable incomes or derive their income from the unorganised sector.
Acquisition costs have pushed Novelis to report a loss this quarter. This is the problem with leveraged buy outs, if the company bought out cannot pay for the acquisition cost, it poses a serious financial burden on the acquiring firm too.
In a bid to reassure the Americans over the H1B usage, IT firms have increased their overseas hiring. This could also be due to a lack of talent like Infy is facing.
Reliance Mart, the hypermarket arm of Reliance is lapping up real estate space. In this industry being an early mover is an advantage, or else scale is important.
Economy
Shinde says the power sector needs 10.31 lakh crore in the 11th plan. If I might ask, where is the money going to come from? And the sector still being regulated, private investment is still considered risky.
The four southern states have formed a tourism grid to promote tourism in the state. All the three southern states are trying to piggy back on Kerala’s success.
DoT and Defence ministry have locked horns over spectrum fee. If government bodies themselves cannot agree, its unlikely a clear policy will arise in the short term. 3g services will have to wait in India, despite having 3g compatible handsets in the market.
Sensex crossed the crucial 15,000 mark today, lead by a rally HUL, auto and steel stocks. Asian Markets too are on an upswing after central banks pumped in money. But it still looks like a choppy week ahead for the markets as the fundamental worries about subprime lending still remain.
Motilal Oswal IPO is to open on August 20th. If markets don’t recover, the IPO price might be revised. This though looks more attractive than Puravankara
Corporate Watch
Reliance Money is eyeing the rural segment. The rural market though presents a huge market, assessing the credit worthiness of borrowers will remain an uphill task as most borrowers might not have stable incomes or derive their income from the unorganised sector.
Acquisition costs have pushed Novelis to report a loss this quarter. This is the problem with leveraged buy outs, if the company bought out cannot pay for the acquisition cost, it poses a serious financial burden on the acquiring firm too.
In a bid to reassure the Americans over the H1B usage, IT firms have increased their overseas hiring. This could also be due to a lack of talent like Infy is facing.
Reliance Mart, the hypermarket arm of Reliance is lapping up real estate space. In this industry being an early mover is an advantage, or else scale is important.
Economy
Shinde says the power sector needs 10.31 lakh crore in the 11th plan. If I might ask, where is the money going to come from? And the sector still being regulated, private investment is still considered risky.
The four southern states have formed a tourism grid to promote tourism in the state. All the three southern states are trying to piggy back on Kerala’s success.
DoT and Defence ministry have locked horns over spectrum fee. If government bodies themselves cannot agree, its unlikely a clear policy will arise in the short term. 3g services will have to wait in India, despite having 3g compatible handsets in the market.
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