FreePress India

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

Foreign institutional investors (FIIs) were net sellers of Rs 921.39 crore (provisional) in the cash segment on Tuesday, as per information on the BSE website. While FIIs made gross purchases of Rs 2,258.29 crore, their gross sales stood at Rs 3,179.68 crore. Domestic institutional investors (DIIs) were net buyers of Rs 790.16 crore (provisional) on … Read more FIIs Exit India – Sell Rs 921 cr (prov) in the cash segment on Tuesday

State owned gas utility company, GAIL India has drawn up a capital expenditure plan of about Rs 3,800 crore in FY 2009-10. The company will utilise the money for laying new gas transportation pipelines. GAIL GAIL may raise Rs 500 crore through a bonds issue with a greenshoe option of Rs 200 crore. Further, the … Read more GAIL plans capex of Rs 3,800 cr for FY’10

After finding instances of service tax evasion by sub brokers, the Comptroller and Auditor General of India (CAG) had prompted tax authorities to issue orders to several south India-based sub-brokers to pay service tax. However, the recently announced Budget has brought cheers to the sub-brokers by excluding them from the purview of service tax and … Read more Budget relief for sub-brokers, not to pay service tax