Posted by naatmad on Sunday, 18 May, 2008
Stocks in India rose Friday as investors shook off government data that showed inflation hit a three-and-a-half year high. India’s wholesale price index jumped to 7.83% for the week ending May 3, vs. 7.61% for the previous week, due to sharp increases in the price of foods and manufactured goods. Traders said inflation could go even higher, which sent the rupee falling to multi-year lows against the dollar.
The market “had anticipated a rise in inflation and discounted it,” said Hitesh Agarwal, research head at Angel Broking. “There’s consensus that government measures will bring it down to 6% in a few weeks.” Read the rest of this entry »
Posted in Corporate News | Tagged: BSE, Cramer, Inflation | Leave a Comment »
Posted by naatmad on Sunday, 18 May, 2008
TinselVision, a Tinsel Cinema online service delivering premium Indian and Bollywood entertainment content, community and lifestyle to its rapidly growing audiences within and beyond the Indian sub-continent, announced today the upcoming release of UTV’s blockbuster theatrical titles at www.tinselvision.com, including Swades, and other major films, such as Chup Chup Ke, Life in a Metro, Taxi No. 9211, among many others. The movies will be available for free streaming and pay-per-view, in high definition, and supported by advertising and a worldwide ad sales organization. Read the rest of this entry »
Posted in Emerging Sector | Tagged: Tinsel Vision, Yash Raj Films | Leave a Comment »
Posted by naatmad on Sunday, 18 May, 2008
BSEL Infrastructure Realty Ltd., an Indian property developer, may invest 15 billion ringgit ($4.6 billion) over 12 years in Malaysia’s so-called Iskandar Regional Development in the southern state of Johor.
BSEL has signed an initial agreement to develop projects in the area, the Iskandar Regional Development Authority said in a statement today. The authority will seek approvals from various authorities to facilitate Mumbai stock exchange-listed BSEL’s projects, it said. Read the rest of this entry »
Posted in Sector Spotlight | Tagged: BSEL | Leave a Comment »
Posted by naatmad on Sunday, 18 May, 2008
Peter Kaliaropoulos, chief executive officer of Bahrain Telecommunications Co. or Batelco, largest phone company in the island nation, comments on acquisition plans and areas of interest. He spoke in an interview today at the World Economic Forum in Sharm el-Sheikh, Egypt.
On areas of interest in Asia:
“We’re looking predominantly in Southeast Asia, markets like Indonesia, the Philippines, Malaysia. We’re looking for predominantly mobile GSM opportunities or wireless broadband.” Read the rest of this entry »
Posted in Sector Spotlight | Tagged: Bahrain, Batelco | Leave a Comment »
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