Tata Steel Gains Major Investment Program In The Unit Of Holland

Real estate stocks gained on bargain hunting after recent heavy losses. DLF, HDIL, Indiabulls Real Estate and Unitech gained between 0.94% to 2.26%.

Tata Steel gained 1% after the company said after market hours on Wednesday announced a significant improvement in five years for its steelworks in IJmuiden in the Netherlands. The five-year program with an investment of 800 million is designed to maintain the plant’s potential to become a producer of world-class steel, Tata Steel said in a statement. NRI Pan Card.

Following the investment, the plant will increase annual capacity to 7.7 million in liquid steel in 2015-16, from 7.2 million currently. The total number of full-time positions will reduce from 1,000 over the next four years. There will also be investment in staff training and development and allow the plant to meet the demand of the complex situation on the market today, the company statement said. IJmuiden enjoy the works of the great advantages of a location with its own port to bring in raw materials and market proximity, great disposition, an ability to be flexible in the use of raw materials and a high level of technology and craft, said Dr. Karl-Ulrich Koehler, MD and CEO of Tata Steel Europe.

Maruti Suzuki India fell 1.31%. The current working conditions in the facilities of Maruti Suzuki Manesar would have extended to three companies of Suzuki Motors India on Wednesday with more than 4000 workers to start a flash strike in support of their colleagues on the largest car manufacturer countries. The protests stopped the production of motor units by Suzuki Powertrain India in Manesar and Castings Suzuki motorcycles and Suzuki Motorcycle India unit in Gurgaon on Wednesday afternoon, the report said. The workers asked the management Maruti to break the deadlock in 16 days among workers in Manesar, which has so far refused to sign a pledge of good conduct that management has set as a precondition to enter the plant. The company’s decision to lay off five workers Manesar Tuesday for disciplinary reasons, and employing 100 people to replace the existing workforce has led to resentment among workers, reports suggest.

India’s second largest software services exporter Infosys gained 0.38%, extending its recent rally on reports it is close to acquiring a health care business of Thomson Reuters in a transaction of $ 700 to 750 million. If the sale goes through, it will be the largest acquisition by Infosys. Business of Thomson Reuters provides health care data, analysis and calibration solutions and services to businesses, government agencies and health professionals.NRI demat account.

Foreign institutional investors (IIE) has sold shares worth Rs 45.82 million rupees, Wednesday, September 14, 2011, according to provisional figures. Downloaded FIIs net shares worth Rs 1876.64 crore in four trading sessions 9-14 September 2011, according to the bag. Prior to the sale of two days, FII had bought shares worth net Rs 2986.81 crore seven working days of 29 AG 2011 hasta September 8, 2011, according to the bag.

In recent investor in India, the study prepared by JP Morgan Asset Management, note values ​​refer to expect the Sensex to trade between 20,000 and 22,000 this year. According to the report, the investment climate in interest concerns such as depression, often increases in interest rates and fluctuations in domestic investment. In spite of witnessing a decline of 4.2 points in the last quarter, “Small investor confidence index,” ranks highest 137.5 points. Funds activity of small investors has improved by 11% over the previous quarter, the study said. The study was conducted from July 22 to August 4, 2011.

The survey also shows that investors are more cautious than the preservation of capital is seen as an investment strategy very popular among retail investors (40%). However, 40% of investors versus 57% in March 2011, is expected to turn a bit aggressive in its investment strategy over the next six months.

An indicator of risk appetite of the Bank of America major financial Merrill Lynch declined to levels last seen in March 2009, according to a survey of global fund managers by the company. However, fund managers remain overweight in emerging markets, according to a poll manager of emerging market funds by Bank of America Merrill Lynch has also published Tuesday, September 13, 2011.

The proportion of fund managers are bullish on emerging markets grew 27% last month to 30% today, according to the report written by Michael Hartnett, Kate Moore and Brian Leung. But if the banking crisis in Europe is out of control, the shares of emerging markets vulnerable to new assignments, the survey report said. The global fund managers have reduced the size of underweight in India, the study found.

Finance Minister, Pranab Mukherjee, Tuesday, September 13, 2011, these same central banks of emerging economies have been forced to raise interest rates repeatedly that his combat high inflation, exposing them to the volatility of capital. An immediate concern for emerging economies is to manage capital flows, he said. Big business and the volatility of emerging markets may be destabilizing, because they generate high volatility in the exchange rate and in some cases, it is to maintain a high level of foreign exchange reserves as insurance against sudden flight large international capital.

Secretary for Economic Affairs R. Gopalan Tuesday, September 13, 2011, said that the government will review the loan ceiling of foreign companies at the end of September 2011. The government currently allows foreign loans of up to $ 30 billion. However, the border should be reached quickly that companies are reluctant to the high cost of domestic borrowing costs. United States and other European countries have interest rates close to zero in an attempt to support weak economic growth.

Given the modest initial response to the IFI the government sharply increase the ceiling for FII investments in long-term corporate bonds issued by companies in the infrastructure sector in March 2011 that the government Monday, September 12, 2011, further relaxed Standards FII investment in such bonds. Ministry of Finance said in a statement that FIIs can now invest in infrastructure bonds in the long run, however, capped at $ 5 billion limit, which has an initial term of five years or older at the time of the issue and maturity of one year when the first purchase by FIIs. These investments are subject to a vesting period of one year. FIIs allowed to trade in these bonds, but can not sell to domestic investors in jail during a year.

FII can invest now, to no more than $ 17 billion long-term infrastructure bonds, which have an initial term of five years or more with this and the remaining maturity is three years for the first time to buy IFI. These investments are subject to a lock-in period of three years. The three-year lock-in during the IFI can sell to each other, but can not sell to domestic investors. Securities & Exchange Board of India (SEBI) is expected to include announcements of these changes in the system no later than October 15, 2011.

SEBI had, in early August 2011 has allowed qualified foreign investors (QFIs) to endorse the plan’s debt mutual funds that invest in the sector subject to a maximum cumulative total of infrastructure $ 3 billion in the overall ceiling of 25 billion dollars.

On the macro front, the recent steep slide, the rupee against the dollar has led to concern that high inflation, imports from India’s largest crude oil needs. Lower the rupee pushes up costs for imports, which could worsen the current account deficit. Indian government to reveal information on certain indices of wholesale prices, ie. food price index, the index of primary articles, and the index of fuel prices for the year through September 3, 2011 Today, September 15, 2011.

Inflation measured by wholesale price index (WPI) rose 9.78% in August 2011 from the previous month’s preliminary reading of 9.22%, data released by the government Wednesday, September 14 2011 showed. The reading of inflation exceeded market expectations. The government also revised upwards the inflation rate for June 2011 to 9.51% of the initial increase of 9.44% mentioned above.

Eleven of the twelve economists who responded to the capital market to expect 25 points (bps) increase in the repo rate, the key short-term interest policy, the Reserve Bank of India with its mid-quarter policy review Friday 16 September 2011. Reserve Bank of India (RBI) said that the change in the anti-inflation monetary policy is motivated by evidence of a sustainable reduction in inflation. Reserve Bank of India increased its key rate 11 times over the past 18 months to tame high inflation.

Planning Commission Deputy Chairman Montek Singh Ahluwalia, Monday, September 12, 2011, said at a conference that private funding must be half of the infrastructure investment target of $ 1000 billion in five years in 2012 2017. Indian Prime Minister Manmohan Singh told the conference that to overcome the crisis of the Infrastructure Fund, the government proposed to establish a funding of $ 11 billion to help finance infrastructure projects. We have also established a High Level Committee to propose the necessary measures to finance our ambitious program of infrastructure development, Singh said.

In the long-term rainfall in the second half of the season helped to alleviate concerns that the monsoon this year could fall below their long-term average, after a brief pause in July, when the country usually receives one third of monsoon rains. Monsoon was 3% above average and up to September 7, 2011, as per the latest information on the Indian Meteorological Department (IMD). A large part of the country were the average of the average rainfall this year, but the season has been characterized as well as cradle and periods of torrential rains in some parts of western and eastern.

Although the total rainfall plays an important role in determining agricultural production, the timing and distribution of rainfall is also important to ensure a good harvest. The unusual pattern of rainfall this year could delay the harvest, which affects the yield of summer crops important as rice, oilseeds, sugarcane and cotton. Rice area from 2 September 2011 was 12% from last year to 35.75 million hectares.

A good monsoon season can often be improved farm incomes and the impact on the wider economy by increasing consumption and a reduced price of food. But food prices are not necessarily, if the delays and excessive rains in some areas, affecting hundreds.

Moody Investors Service affirmed its Baa3 rating for India foreign currency debt of the government and its rating to Ba1 local currency debt in an annual credit analysis released last week. The firm’s ratings a positive outlook for India’s rupee-denominated bonds, says he will consider an overall rating of Baa3 for all obligations, if India improves its financial position and its willingness to strengthen the internal market. The outlook for foreign currency debt is stable.

The report was optimistic about India’s ability to withstand a global economic slowdown. Although it is not immune to a slowdown in international growth, strong domestic demand and economic diversity provides protection against a downturn in the areas of overall risk, the report said. He noted that India’s foreign exchange reserves equal 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.

Merchandise exports from India grew by 44.2% in August 2011 from a year earlier, totaling $ 24.3 billion, net slowdown in the pace of the previous month, according to Commerce Secretary Rahul Khullar last week. Imports in the month just completed increased by 41.8% the previous year to $ 38.4 billion, which widened the trade deficit to 14.1 billion against $ 11.1 billion in July .

Asian stocks rose on Thursday, September 15, 2011, feeling supported by the knowledge of France and Germany and Europe lag behind the nation of Greece is struggling to reduce its debt pile. The key benchmark indices in Singapore, Japan, South Korea, Taiwan and Hong Kong increased from 0.48% to 2.34%. The key benchmark indices in China and Indonesia fell from 0.02% to 1.47%.

This is a conference call, the greek prime minister said on Wednesday, September 14 In 2011, the country is determined to meet all its obligations and that the recent measures to contain costs contribute to the achievement of Athens 2011 – 2012 budget targets.

The addition of relief to investors, the Italian Prime Minister Silvio Berlusconi on Wednesday, September 14 In 2011, he won the vote of confidence in a plan rigorously for Italy, the third largest economy in the euro area.

The U.S. index futures indicated the Dow could get 18 points at the opening bell Thursday, September 15, 2011. U.S. stocks rose Wednesday, helped by reports of French and German leaders expressed their support to help Greece in the euro area remain. On the macroeconomic front, growth in retail sales stalled in August, while business inventories grew slightly less than expected in July, suggesting caution by companies around the application early in the third quarter.

The Federal Open Market Committee (FOMC) is scheduled to conduct a policy review in two days on U.S. interest rates, 20 to September 21, 2011. It remains to be seen whether the Federal Reserve announced new measures to boost the U.S. economy. Among the options that the Fed might consider including another round of quantitative easing and EQ3, the operation of rotation is the long-term purchase verses sell short-term bonds to reduce long-term returns, and reducing the rate of excess reserves of the Federal Reserve Banks to increase the monetary aggregates.


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