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IT majors may miss Q3 revenue forecast: CLSA
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IT majors may miss Q3 revenue forecast: CLSA Our Bureau Bangalore, Jan. 5 Large IT firms such as Infosys Technologies Ltd and Wipro Ltd could well miss their December quarter earnings forecast, hurt by lower volumes and cross currency movements, said brokerage firm CLSA. On an average, the rupee has depreciated 11 per cent compared with the dollar, and the dollar has appreciated 8 per cent against the British pound.... more »
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Tatas move court against nod for RPower to divert Sasan coal
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Tatas move court against nod for RPower to divert Sasan coal Our Bureau Mumbai, Jan. 5 Tata Power Company has moved court against the government's decision to allow Reliance Power Ltd the use of coal from the captive mines allotted for the Sasan Ultra Mega Power Project, for other projects of the Anil Ambani- owned company.... more »
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Anagram's Daily Call:06/01/2009
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*VIEW POINT:** A BREATHER FOR THE MARKETS * The markets should breath easy. They need a well deserved rest. The Nifty has crossed the 3110 mark and if it spends some time in the vicinity, it will keep the shorts in the system intact, which could fuel a further rally with little support form international bourses. Though the US is down, Japan... more »
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Anagram Currency watch: 06/01/2009
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ekamber Smooth Roads Never Make Good Drivers. Problem Free Life Never Make A Strong Person. So, Never Ask Life "Why Me?" Instead Challenge It And Say 'Try Me'
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GSPL - book profits @ rs 40
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Dear Traders As per charts GSPL has achived its potential target of 38 and has moved to 40.One can consider fully booking profits in it. A 25% return in around 10 trading sessions should satisfy anyone. Your emotions will tell you to hold for some more gains but it is better always to see cash on the table.... more »
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Why Are All Roads Leading Into Gujarat?
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Gujarat: Vibrant & Growing Pipavav, Dholera, Kandla and Mundra Ports will lead the Transformation in the State
Investment names to be considered GMDC, GIPCL, GSPL, Petronet LNG, Ganesh Housing, Gujarat Gas, PSL, Mundhra Ports & Ratnamani Metals
Gujarat with its 41 Ports, handle 80% of India's port traffic and 20% of its cargo. It is estimated that by 2015, Gujarat's ports will handle 39% of India's cargo. The state is... more »
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Q3FY2009 Auto earnings preview - Sharekhan
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*Q3FY2009 Auto earnings preview* The macro-economic factors affecting the industry are not showing any signs of recovery. However, the government and the automobile companies are undertaking quite a few measures to improve automobile sales. Interest rates have started declining but banks are still reluctant to lend to the sector.... more »
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India Faces a Long Bear Market - Barron's
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Down around 55% from its peak a year ago, India's stock market might look like a buy. Far from it, *says Barron's<[link]> *. Facing both economic and political challenges, an Indian rebound won't happen anytime soon. Despite the drop in India's benchmark Sensex, relative valuations remain... more »
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