Sensex Takes From 4 Weeks Of High

RIL told to emphasize once again that the contractor is still committed to respect the (Production Sharing Contract) PSC regulations and procedures, including the use of best practices International Petroleum Industry (GIPIP) operations. Since many of the comments on the draft report was intended for things that were of a technical nature, the company has offered to the CAG for the full interaction between experts, RIL said. RIL has also said that could benefit from such interaction at all times. RIL has also said it will continue to collaborate with the Indian government towards the provision of provisions of the revised SGP NRI online trading account.

Europe’s second largest oil company BP Plc, last month acquired a 30% stake in 21 oil and gas blocks in the RIL is India. RIL, BP will pay a total of $ 7.2 billion decision to apply adjustments to the acquired interests in 21 production sharing agreements, the company said in a joint statement at the end of last month. In addition, performance payments up to $ 1.8 billion would be paid based on successful exploration, which leads to the development of commercial discoveries, the two companies said.

Bharti Airtel, India’s largest mobile operator, rose 1.2% on reports the company received a license to operate 2G and 3G service in Rwanda. The company would invest 100 million in the country for three years.

Stocks of consumer goods superior cut, thanks to the prospect of a better collection of good rains. FMCG companies have significant sales in rural India. ITC, United Spirits, Hindustan Unilever and Dabur India rose 0.33% 0.88%. A good monsoon could improve farm incomes and consumer spending NRI Demat account.

Foreign institutional investors (FIIs) bought shares worth R 14.14 crore on Thursday, 8 In September of 2011, as the exchange of preliminary data. Industry power was Rs 1999.71 crore in the first days of this month, until September 8, 2011, as the exchange of information.

A six-week session of Parliament along the monsoon ended on Thursday, 8 In September 2011, when the course of just 14 bills in October Sabha and the Rajya Sabha only nine because of frequent interruptions and postponements forced.

Prolonged rain in the last part of the season helped ease concerns that the monsoon this year could fall below its long-term average after a brief pause in July, when the country usually receives one third of the monsoon rains. The monsoon was 3% higher than the average for September 7, 2011, the latest data from the India Meteorological Department (IMD). Most parts of the country received an average of above average rainfall this year, but the season was marked by two lulls and periods of heavy rain in western and eastern parts PAN Card for NRI.

Although it rained a key element in determining the status output, the timing and distribution of rainfall is also important to ensure a good harvest. Unusually this year, rains can delay the harvest, affect the Enter key to the summer-sown crops such as rice, oilseeds, sugarcane and cotton. Area of ​​rice that the September 2, 2011, up 12% from last year to 35.75 million hectares.

A good monsoon season can generally raise farm incomes in rural areas and has an influence on the overall economy through higher spending on consumer goods and reduced prices of food. But food prices are not necessarily decrease if delayed, and too much rain in some areas affecting crop yields.

Annual inflation in food articles group declined to 9.55% for the week ended August 27, 2011, from 10.05% the previous week, the latest data show. Was 14.76% for the same period last year. However, inflation in the major group rose to 13.34% in the week in review articles of 12.93% for the week ended August 20, 2011. Was 15.24% in the period last year. Inflation in fuel and electricity group was 12.55% in the week ended August 27, unchanged from the previous week, the latest data show. Was 12.61% in the corresponding week last year.

Reserve Bank of India (RBI) said that a change in anti-inflationary monetary policy will be motivated by evidence of a sustained decline in inflation. Data on September 12, 2011, industrial production in July 2011 and September 14, 2011, the total inflation in August 2011 will give signals of the most probable position of the central bank in the mid-quarter, the Monetary Policy September 16, 2011. Reserve Bank of India raised its key rate 11 times over the last 18 months to keep inflation high.

Montek Singh Ahluwalia, vice president of the Planning Commission, Thursday, September 8, 2011, said he agrees with the opinion of the Minister of Finance on a break from the tight monetary policy in India.

Moody’s Investors Services confirmed its rating of Baa3 foreign currency debt rating of India and the Ba1 local currency debt annual credit analysis published this week. Votes for the company given the positive outlook for bonds denominated in Indian rupees, saying it is considering a rating of Baa3 uniform for all bonds if India is to improve the fiscal position and its commitment to strengthen the market inside. Currency debt outlook is stable.

The report was optimistic about India’s ability to overcome an economic crisis. While not immune to a slowdown in international growth, the strength of domestic demand and economic diversity provides protection against a downturn in the exposed sectors worldwide, the report said. India noted that the foreign exchange reserves equivalent to four times its external debt.

Debt ratio of 71% is worrisome, because the interest on this debt eats 25% of annual sales in India. However, Moody’s expects continued growth and gradual fiscal consolidation reduces the debt / GDP of the government, the report said.

Services sector in India grew at its slowest pace in over two years in August 2011, nipped in the expansion of the weakness in new business areas, such as a faltering global economy and tight monetary conditions taken into consideration, a survey showed Monday, September 5, 2011. HSBC Markit activity index, based on a survey of 400 companies fell to 53.8 in August against 58.2 in July, the largest decline in the index of a month since January 2009. It was also the lowest growth since June 2009, but the index was above the 50 threshold separating growth from contraction for 28 consecutive months.

The new business sub-index fell to its lowest level in three months to 54.9 in August from 59.3 in July, to mitigate the global economic situation knocked orders. Expectations of new activities also reduced in the month of August. The survey also showed a decline in employment in the service sector for the second consecutive month business growth has slowed, while production costs and producer prices have continued to march forward.

Indian manufacturing activity slowed in August 2011 to 29-month low as the export has had players in the middle of a lingering uncertainty about the global economic situation, research has shown this past week. The seasonally adjusted Purchasing Managers ‘Index’, HSBC, prepared by Markit, fell to 52.6 in August to 53.6 in July. The pace of new order flows in the month of August has slowed to the slowest in 29 months, export orders fell by the strongest rate since the series began, HSBC said.

Book production fell for the first time since March 2010, when the pressure of operating capacity decreased. As the intensification of inflationary pressures as both input and output prices rose.

Exports rose 81.79% to $ 29.3 billion, while imports rose 51.5% to 40.4 billion crowns in July 2011 during July 2010, leaving a trade deficit of 11 billion dollars, data showed last week.

Asian stocks rose, Friday, September 9, 2011, while the Chinese consumer price data allayed fears of inflationary pressures in the economy in the world No.2, but the mood was cautious after the Western central banks failed to provide fresh stimulus. The key benchmark indices in Hong Kong, China, Taiwan, Japan and Indonesia increased from 0.01% to 0.65%. The key benchmark indices in South Korea and Singapore were down 0.31% to 0.87%.

Japan revised down its April-June gross domestic product Friday, registering a contraction of 0.5% in the quarter, compared with a decline of 0.3% in the preliminary reading.

U.S. index futures rose Friday, September 9, 2011, after the U.S. President Barack Obama has proposed a reduction in social contributions for the U.S. economy a jolt that he described as a national crisis. The U.S. index futures Dow Jones said that could earn 52 points in the opening of the market.

U.S. stocks closed down sharply Thursday after the Federal Reserve Ben Bernanke gave no indication of new stimulus measures to boost the failing economy in a highly anticipated speech. A rise in jobless claims reported earlier in the day highlighted the weakness of the U.S. economy. Moreover, the government said the U.S. trade deficit declined significantly in July, a positive sign for economic growth in the third quarter after a sluggish first half.

The Federal Reserve Ben Bernanke said Thursday that the Fed will make every effort to stimulate sluggish growth, but to the dismay of investors paused for a dip in full-monetary support. Bernanke said an increase in consumer prices this year will probably be transitory.

The Federal Open Market Committee (FOMC) is scheduled for a two-day policy review of U.S. interest rates 20:21 September 2011.


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