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Life insurance major, Life Insurance Corporation of India (LIC) will be introducing Gold club membership for customers paying premium of more than Rs.25,000 per annum. Further in order to become Gold Club Member, one should hold minimum 5 LIC polices for at least seven years. There should be no premium payment lapse. LIC’s Coimbatore Division … Read more LIC introduces – Gold club membership for its customers
India may face serious food inflation as the south-west monsoon is showing fresh signs of a poor delivery. While the government is trying to ready some backup plans, the overall impact on agriculture if monsoon trips may be disastrous. The heightened worries regarding monsoon came after Australia’s weather bureau warned that the development of an … Read more Food inflation may get worse as monsoon likely to remain well below LTA
Infosys Technologies, India’s leading Software Professionals arbitrage and Manpower trading company is under tremendous pressure for the recently ended quarter. Sales down 2.9% QoQ andNet Profit down 5.3% QoQ. Had the Indian Rupee strengthend against USD, Infosys results could have been wors. The management has guided EPS for FY 10 to be in the range … Read more Infosys Sales + Profits under Pressure – EPS to be Lower by 9.6%
Lead by Greedy Indian Real Estate Companies the QIP mania bit the market and Unitch, HDIL, Sobha etc have raisd money. However, fundamental Analysts on the Street have warned of serious earnings erosion [forget growth] in Q1 FY09 and the markets are in SELL-OFF mode.Many of the QIPs will be listed or are already listed … Read more Indian QIPs are Junk – Shankar Sharma
The rupee tumbled to a seven-week low in early deals as Asian equity market were trading in the red on concerns that the global economic revival is still a long way off. Traders are worried that the development will hold back fund flows into local equities by overseas investors. The Indian unit opened at 48.97 … Read more Indian Rupee at 7-week low as Asian equities trade in the red
Copper continued its slide for the fourth day in a row, the longest fall in almost two months in New York, on signs that a global economic recovery likely will be slow to take off. The global economy will contract 1.4% this year, deeper than forecast in April, and a sustained recovery may be a … Read more Copper continues its slide on LME + Metals Decline