Railway minister Mamata Banerjee today announced rail budget which almost meets public expectation which include cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances.
Friday's railway budget speech underscored the Congress-led government's focus on "comprehensive growth" after it was reelected by a wider-than-expected margin in May. Prime Minister Manmohan Singh's government will present its budget on Monday. "The old mindset of economic viability should be substituted by social viability," Railways Minister Mamata Banerjee said in an address to parliament....
FII and DII activity that was seen on Friday, July 03, 2009 is shown below. The report shows that FII were net buyer of Rs 210.82 crore where as DII saw selling of Rs 298.58 crore.
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Yesterday: Indian Stock market open flat again and went down sharply. It again pare the losses and closed flat, so no sign of any direction.
Today: Indian Stock Market is expected to open negative but we may see bounce in the market. We are out of the market till the budget as market won’t give any clue for further movements. ...
Ahead of the Budget 2009-10, today finance minister presented Economy Survey in the parliament. The economic survey today suggested tax cuts and increase in government expenditure as part of another stimulus package to help the economy overcome the global shock.
"The uncertainty surrounding the macroeconomic developments world over in 2009-10 and the need for minimizing the second round impact of the global shock calls for a continued fiscal policy stimuli," said the Economic Survey for 2008-09 ...
FII and DII activity that was seen on Thursday, July 02, 2009 is shown below. The report shows that FII were net buyer of Rs 247.26 crore where as DII saw buying of Rs 212.65 crore.
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Yesterday: Indian Stock market open flat and went up followed by sharp correction. Market went up sharply due to positive opening of European market so overall very bad day for traders as fluctuation was @ its best.
Today: Indian Stock Market is expected to open positive due to positive global cues also due to positive steps to increase fuel prices by govt. ...
The government has hiked prices of petrol and diesel prices by Rs 4 per litre and Rs 2 per litre respectively. The government though decided to leave prices of kerosene and liquefied petroleum gas (LPG) untouched. The hike comes into effect from midnight. Addressing a hurriedly-called press conference, Oil Secretary RS Pandey said. “It has become necessary to marginally increase the prices of petrol and diesel against the under recoveries,” Pandey said.
The hike was necessitated because of rising international crude oil ...
FII and DII activity that was seen on Wednesday, July 01, 2009 is shown below. The report shows that FII were net buyer of Rs 185.58 crore where as DII saw selling of Rs 76.38 crore.
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India's exports fell for the eighth month in a row in May, this time by 29.2 per cent, due to global downturn, while imports dropped by 39.2 per cent, reflecting slowdown in domestic consumption.Imports dipped to $16.21 billion in May from $26.68 billion over the year-ago period. Imports during the first two months of the current fiscal were $31.95 billion against $51.50 billion.
The trade deficit during April-May 2009-10 was $10.20 billion against ...
U.S. private employers cut 473,000 jobs in June, more than expected but down from the 485,000 jobs lost in May, a report by a private employment service said on Wednesday. Though June's job loss was the smallest since October 2008, the surprisingly large number of cuts deals a setback to those expecting the U.S. economy to recover soon.
After the report, U.S. stock index futures pared their gains. U.S. Treasury debt prices initially recovered some ground but were then hit by renewed selling. The U.S. ...
Hindalco Industries of the Aditya Birla group, on Tuesday said its consolidated net profit fell 80% due to weak global demand and soft metal prices. The country’s largest metals company said its consolidated net profit, which includes Canadian aluminium major Novelis, totalled Rs 485 crore for the year ended March 2009, compared with Rs 2,193 crore in the previous year.
Consolidated revenue for the year increased by almost 10% to Rs 65,625 crore. Referring to the ...
In order to reduce the losses of Oil marketing companies govt. will likely to increase petrol prices by 4rs/lit where hike in the diesel price has not decided yet. Petroleum minister today meet prime minister regarding hikes in petrol prices.
Increase in the oil prices is very much necessary as fuel prices in the international market went up over 70$ which increase the subsidy burden on the government as well as on companies. By these hike government would save 2-3bn$ as ...
Yesterday: As we said Indian stock Market would move up only if breaches resistance of 15000 for sensex but market again failed to cross its resistance level near 15000 for sensex and it corrected sharply. Market closed below support level of 4300 for Nifty.
Today: Indian Stock Market is expected to open flat to positive but still we believe that market will be up ...
Billionaire investor George Soros Tuesday predicted a slower recovery for economy of the United States, saying fears of inflation will drive up interest rates and choke off growth. "As markets revive, fear of inflation will drive up interest rates, which will choke off recovery," he said.
Rising U.S. Treasury yields have driven mortgage rates back up, threatening a recovery in the housing market and a refinancing boom that has helped preserve the still-fragile health of recession-weary households and the banks that lend to them. The rise in bond yields and mortgage rates may also act to ...
Mahindra Holidays & Resorts India Ltd has fixed the issue price at Rs 300 per share for its initial public offering of 92,65,275 shares of Rs. 10 each. The 100% book-built issue opened on June 23 and closed on June 26.
The price band was fixed between Rs 275 and Rs 325 per equity share. The size of the issue stood at Rs 301.12 crore at the upper end of the price band and Rs 254.80 crore at the lower end of the band.
The issue was subscribed 9.8 times with QIB portion subscribed around 12.83 times; HNIs ...
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