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Archive for July 9th, 2008

STC floats tender to import 160,000 tonnes of yellow peas

Posted by Yogesh on Wednesday, 9 July, 2008

MUMBAI (Thomson Financial) – India’s state-run State Trading Corp. said it has floated a global tender to import 160,000 tonnes of yellow peas of Canadian origin, to be shipped between September and December.

The last date for submission of bids is July 18, the company said in a tender document posted on its website.

Source CNBC

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Google’s Orkut Is Twice as Popular as Facebook or MySpace Amongst Software Developers in India

Posted by Yogesh on Wednesday, 9 July, 2008

SANTA CRUZ, Calif., Jul 08, 2008 (BUSINESS WIRE) — Orkut, the social networking site from Google is used by twice as many software developers in India than either MySpace or Facebook according to an Evans Data survey of over 300 software developers in India. Indian developers showed much more interest in social networking sites in general than do developers in other parts of the world, and 73% of them said they had used Orkut, as compared to 35% for Facebook and 32% for MySpace.

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NMDC joint venture may acquire two Armenian iron-ore mines for $500 mln

Posted by Yogesh on Wednesday, 9 July, 2008

MUMBAI (Thomson Financial) – State-run National Mineral Development Corp.’s (NMDC) proposed joint venture with Spice Minerals and Metals may acquire two iron-ore deposits in Armenia with an investment of $500 million (21.73 billion rupees), the Business Standard reported quoting NMDC’s chairman and managing director, Rana Som.

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Reliance Comm says no statement on MTN yet

Posted by Yogesh on Wednesday, 9 July, 2008

NEW DELHI, July 8 – India’s Reliance Communications said it would not be making a statement on Tuesday on the status of its talks with South Africa’s MTN Group , the exclusivity of which was due to expire at the end of the day.

In Johannesburg, a spokeswoman for MTN could not be reached after the stock market closed for the day without a statement being issued. Earlier, the company had said it would be issuing a statement.

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Asia Crude-India ONGC to issue only 1 Sokol Sept cargo

Posted by Yogesh on Wednesday, 9 July, 2008

NEW DELHI, July 9 – India’s Oil and Natural Gas Corp will issue only one tender to sell 700,000 barrels of Sakhalin-1 light sweet Sokol crude for September loading as output from the field is falling, a company official said on Wednesday.

The state-run explorer regularly sells two parcels of 700,000 barrels of the grade via tenders each month, but in June only offered one cargo.

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Hazira LNG capacity rises to 3.6 mln T/yr

Posted by Yogesh on Wednesday, 9 July, 2008

NEW DELHI, July 9 – The head of the India unit of Total , Christian Chammas, said on Wednesday that the capacity of the LNG terminal at Hazira in western India has been increased to 3.6 million tonnes a year.

The terminal, in which Royal Dutch Shell and Total hold stakes, earlier had a capacity of 2.5 million tonnes.

“I have been told that the capacity has been increased to 3.6 million tonnes a year,” he told reporters.

Source Reuters

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India IT firms Q1 net seen up, US slowdown a worry

Posted by Yogesh on Wednesday, 9 July, 2008

* What: Fiscal Q1 earnings from India’s top IT services firms
* When: From Friday, July 11
* Weaker rupee a help, U.S. financial turmoil to cut orders

BANGALORE, July 9 – India’s top information technology outsouring companies are set to report quarterly profit rose by up to a third thanks to a weaker rupee, but further losses for their major clients, U.S. financial companies, could lead to Read the rest of this entry »

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India’s top software exporters in 2007/08

Posted by Yogesh on Wednesday, 9 July, 2008

July 9 Tata Consultancy Services Ltd., retained its position as India’s leading exporter of software and services in 2007/08, rankings from the National Association of Software and Service Companies showed on Wednesday. India’s software and services exports are expected to rise 21 to 24 percent to around $50 billion in the year to March 2009, moderating as a downturn in the U.S. economy crimps outsourcing demand, Nasscom said. Read the rest of this entry »

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Portfolio of Stock

Posted by Yogesh on Wednesday, 9 July, 2008

By Malvika Raghuvanshi,

For long-term high investment in stocks, the diversification in different sector is always preferable. Investing entire money in only one sector is always risky. Pick few stocks from different sectors, according to the performance and then invest. For instance, if you have invested your money in Construction industries only, and due to some government policies like, interest rate, that may increase further, the share price can continually down, which is risky. So this sector can be excluded from your portfolio.

Look how I segregate the stock in different sectors that can actually perform.

World of Investment opportunity

Banking

Infrastructure / Cements

Metals

Oil & Gas

1

SBI

1

India Cements

1

Tata Steel

1

ONGC

2

Bank of India

2

Gujrat Ambuja

2

Sail

2

HPCL

3

ICICI Bank

3

IVRCL

3

JSW steel

3

GAIL

4

UTI Bank

4

GMR Infra

4

Sterlite

4

Reliance Industries

5

Canara Bank

5

ACC

5

Hindalco

5

BPCL

6

PNB

6

L & T

6

NALCO

6

IOC

7

HFDC Bank

7

BEML

7

Sesa Goa

7

RPL

8

Kotak Bank

9

PNB

I T

Telecom

Power

Auto /Ancillary

1

Infosys Technologies

1

Bharti

1

Tata Power

1

Maruti

2

I-flex

2

R Com

2

NTPC

2

M&M

3

Satyam Computers

3

Idea

3

Suzlon

3

Tata Motors

4

TCS

4

GTL

4

Reliance Energy

4

Hero Honda

5

Wipro

5

MTNL

5

CESC

5

Bajaj Auto

6

Aptech

6

VSNL

6

Siemens

6

Bharat Forge

7

Mphasis

7

JP Associates

7

TVS Motors

8

BHEL

Pharma

Textiles

FMCG

Aviatiation

1

Matrix Lab

1

Arvind Mill

1

ITC

1

Air Deccan

2

Ranbaxy

2

Gokuldas

2

Marico

2

Jet Airways

3

Cipla

3

Alok Ind

3

Hind Lever

3

Spicejet Ltd

4

Auro Pharma

4

Indian Rayon

4

Dabur

5

Dr. Reddy

5

Raymond Ltd

5

Bata India

6

Sun Pharma

6

Century Enka

6

Tata Tea

Retail

Hotels

Media

Miscellaneous

1

Pantaloon

1

Hotel Leela

1

TV 18

1

Century Tex

2

Bata India

2

TAJ GVK

2

Sun TV

2

Grasim Ind

3

Shoppers Stop

3

Indian Hotels

3

NDTV

3

United Breweries

4

Viceroy Hotels

4

Balaji Tele

4

ICRA

5

Moser Bear

5

Reliance Capital

6

Zee news

6

Indiabulls Inv

7

Adlabs

7

Guj Alkali

8

UTV Software

8

GHCL

This kind of Portfolio helps you a lot. But remember one thing, the best sector for investment should be chosen after considering various factors that includes economic, political, and fundamental and some times technical factor also. It is a mind game.

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