Friday, January 25, 2008
துணிந்ததால்... பாரதி கவிஞன்
சி.சுப்பிரமணிய பாரதியார் பிறந்து 125 ஆண்டுகள் உருண்டோடி விட்டன... இத்தனை ஆண்டுகளின் பின்னரும் பாரதியின் குரல் தமிழ்கூறும் நல்லுலகம் எங்கணும் ஒலித்தபடி இருப்பதன் மகிமைதான் என்ன. ... "கலைத் துறையில் துணிவோடிருப்பது மிகவும் அவசியம். இல்லாவிட்டால் அற்பமானவற்றைத் தவிர வேறு ஆர்வமாஃனவை எதையும் நீங்கள் படைத்துவிட முடியாது " என்று கூறினார் லியோ டால்ஸ்டாய். இதற்குத் துணிவுவேண்டும். பாரதியிடம் இருந்த துணிவாற்றலே தன் சாதியையும் சமுகத்தையும் எதிர்து நின்று கவிதைபாட முடிந்தது
Inflation rises to 3.83%
Wholesale price index-based inflation rate grew by 3.83 per cent for the week ended January 12, as prices of manufactured goods and some food articles edged up.
Inflation is still below Reserve Bank's forecast of close to 5 per cent for the fiscal, and bankers expect the central bank to soften its monetary policy stance when it comes up for review on January 29.
"It is likely that the RBI would cut repo rate by 25 basis point in order to align rates with the global trend," HDFC Bank chief economist Abheek Barua said.
Inflation rate for the week ended January 5 was 3.79 per cent and 6.15 per cent in the year-ago period.
CRR rate could be left unchanged as there is enough liquidity in the system, Barua said, adding that further interest rate cut by the US Federal Reserve is not ruled out when it meets on January 30.
Finance Minister P Chidambaram yesterday said in Davos: "Our interest rates are set in order to contain inflation but if (high interest rate) is a dampener to growth, we will respond through appropriate fiscal and monetary measures."
Admitting that there could be an indirect impact of the financial crisis in the US, he said the government was, however, not in favour of putting curbs on capital (inflow).
However, RBI Governor Y V Reddy had said: "We will continue to be sensitive to that (high crude, food prices) as they are essential commodities which have very great impact on the inflationary expectations."
During the week, prices of maize and rice got expensive by 1 per cent, while gram, fish marine and jowar declined by 5 per cent, two per cent and one per cent respectively.
Inflation is still below Reserve Bank's forecast of close to 5 per cent for the fiscal, and bankers expect the central bank to soften its monetary policy stance when it comes up for review on January 29.
"It is likely that the RBI would cut repo rate by 25 basis point in order to align rates with the global trend," HDFC Bank chief economist Abheek Barua said.
Inflation rate for the week ended January 5 was 3.79 per cent and 6.15 per cent in the year-ago period.
CRR rate could be left unchanged as there is enough liquidity in the system, Barua said, adding that further interest rate cut by the US Federal Reserve is not ruled out when it meets on January 30.
Finance Minister P Chidambaram yesterday said in Davos: "Our interest rates are set in order to contain inflation but if (high interest rate) is a dampener to growth, we will respond through appropriate fiscal and monetary measures."
Admitting that there could be an indirect impact of the financial crisis in the US, he said the government was, however, not in favour of putting curbs on capital (inflow).
However, RBI Governor Y V Reddy had said: "We will continue to be sensitive to that (high crude, food prices) as they are essential commodities which have very great impact on the inflationary expectations."
During the week, prices of maize and rice got expensive by 1 per cent, while gram, fish marine and jowar declined by 5 per cent, two per cent and one per cent respectively.
Wednesday, January 23, 2008
நம்ம கவிஞன் பாரதி
ஜாதி மதங்களைப் பாரோம் - உயர் ஜன்மம்இத் தேசத்தில் எய்தின ராயின்வேதிய ராயினும் ஒன்றே - அன்றி வேறு குலத்தின ராயினும் ஒன்றே
English Translate:
We shall not look at caste or religion, All human beings in this land - whether they be those who preach the vedas or who belong to other castes - are one
English Translate:
We shall not look at caste or religion, All human beings in this land - whether they be those who preach the vedas or who belong to other castes - are one
Rel Power IPO to make Anil richest Indian
Reliance Power Ltd's IPO, the country's biggest, has helped the promoter Anil Ambani whiz past elder brother Mukesh and NRI tycoon Lakshmi Mittal at the top of India's richie-rich club, with his wealth soaring to more than 60 billion dollars.
As per a list of richest Indians put out by renowned business magazine Forbes late last year, Mittal and Mukesh Ambani were ranked at the top two positions, followed by Anil at the third position.
At Rs 450 a share IPO that was concluded last week, Anil's stake in Reliance Power, to be listed in early February, would amount to about 13 billion dollars. Even before the issue, Anil's fortune was on an upswing while those of Mukesh and Mittal fell since the Forbes list was announced.
Forbes had calculated LakshmiMittal's wealth at 51 billion dollars, based on the value of his shareholding in the world's largest steelmaker ArcelorMittal as on November 2.
However, a plunge in ArcelorMittal's market value since then (about 20 per cent down in past three months) as well as a small drop in his shareholding has cut down his wealth by close to 12 billion dollars.
At Rs 450 a share IPO that was concluded last week, Anil's stake in Reliance Power, to be listed in early February, would amount to about 13 billion dollars. Even before the issue, Anil's fortune was on an upswing while those of Mukesh and Mittal fell since the Forbes list was announced.
Forbes had calculated LakshmiMittal's wealth at 51 billion dollars, based on the value of his shareholding in the world's largest steelmaker ArcelorMittal as on November 2.
However, a plunge in ArcelorMittal's market value since then (about 20 per cent down in past three months) as well as a small drop in his shareholding has cut down his wealth by close to 12 billion dollars.
Mittal's current holding in ArcelorMittal stands at 623.62 million shares or 43.04 per cent, down from 44.79 per cent in November, giving him a net worth of 39.1 billion dollars, on the basis of the company's closing share price of 62.7 dollars on Friday in New York.
According to Forbes list, the net worth of Mukesh and Anil Ambani stood at 49 billion dollars and 45 billion dollars, respectively, as on November 2. However, since that date, the total market capitalisation of Mukesh Ambani group has dropped by 2.95 per cent from Rs 5,19,557.33 crore to Rs 5,04,316.24 crore as on January 18.
Reliance Power Ltd's IPO, the country's biggest, has helped the promoter Anil Ambani whiz past elder brother Mukesh and NRI tycoon Lakshmi Mittal at the top of India's richie-rich club, with his wealth soaring to more than 60 billion dollars.
As per a list of richest Indians put out by renowned business magazine Forbes late last year, Mittal and Mukesh Ambani were ranked at the top two positions, followed by Anil at the third position.
At Rs 450 a share IPO that was concluded last week, Anil's stake in Reliance Power, to be listed in early February, would amount to about 13 billion dollars. Even before the issue, Anil's fortune was on an upswing while those of Mukesh and Mittal fell since the Forbes list was announced.
Forbes had calculated Lakshmi Mittal's wealth at 51 billion dollars, based on the value of his shareholding in the world's largest steelmaker ArcelorMittal as on November 2.
However, a plunge in ArcelorMittal's market value since then (about 20 per cent down in past three months) as well as a small drop in his shareholding has cut down his wealth by close to 12 billion dollars.
At Rs 450 a share IPO that was concluded last week, Anil's stake in Reliance Power, to be listed in early February, would amount to about 13 billion dollars. Even before the issue, Anil's fortune was on an upswing while those of Mukesh and Mittal fell since the Forbes list was announced.
Forbes had calculated Lakshmi Mittal's wealth at 51 billion dollars, based on the value of his shareholding in the world's largest steelmaker ArcelorMittal as on November 2.
However, a plunge in ArcelorMittal's market value since then (about 20 per cent down in past three months) as well as a small drop in his shareholding has cut down his wealth by close to 12 billion dollars.
Mittal's current holding in ArcelorMittal stands at 623.62 million shares or 43.04 per cent, down from 44.79 per cent in November, giving him a net worth of 39.1 billion dollars, on the basis of the company's closing share price of 62.7 dollars on Friday in New York.
According to Forbes list, the net worth of Mukesh and Anil Ambani stood at 49 billion dollars and 45 billion dollars, respectively, as on November 2. However, since that date, the total market capitalisation of Mukesh Ambani group has dropped by 2.95 per cent from Rs 5,19,557.33 crore to Rs 5,04,316.24 crore as on January 18.
According to Forbes list, the net worth of Mukesh and Anil Ambani stood at 49 billion dollars and 45 billion dollars, respectively, as on November 2. However, since that date, the total market capitalisation of Mukesh Ambani group has dropped by 2.95 per cent from Rs 5,19,557.33 crore to Rs 5,04,316.24 crore as on January 18.
Wockhardt Hospitals’ IPO on Jan 31
Wockhardt Hospitals’
IPO will open on January 31, and close on February 5, the Indian company said on Tuesday. The company intends to utilise the proceeds from the issue to meet the cost of development and construction of greenfield and brownfield hospitals, prepay short-term loans and meet general corporate expenses.
The company has fixed the price band between Rs 280 and Rs 310 per share. It filed a red herring prospectus with the Registrar of Companies, in Mumbai, on January 17, 2008. The issue will constitute 24.06% of the post-issue paid up share capital. Publisher’s Disclosure — Bennett, Coleman & Co holds 1.55% of the post-public issue equity capital of Wockhardt Hospital.
IPO will open on January 31, and close on February 5, the Indian company said on Tuesday. The company intends to utilise the proceeds from the issue to meet the cost of development and construction of greenfield and brownfield hospitals, prepay short-term loans and meet general corporate expenses.
The company has fixed the price band between Rs 280 and Rs 310 per share. It filed a red herring prospectus with the Registrar of Companies, in Mumbai, on January 17, 2008. The issue will constitute 24.06% of the post-issue paid up share capital. Publisher’s Disclosure — Bennett, Coleman & Co holds 1.55% of the post-public issue equity capital of Wockhardt Hospital.
Tuesday, January 22, 2008
BSNL mulls to come out with IPO
The state owned Bharat Sanchar Nigam Limited (BSNL), the India's biggest phone company by revenues, is all set to make the most of the current boom in the stock markets and an initial public offering (IPO) is on the cards. But it is not just upto Kuldeep Goyal, the Chairman and Managing Director of BSNL, to take the call, the final decision lies with the government. BSNL's earlier attempt for a stock market listing failed to take off because the previous Telecom Minister, Dayanidhi Maran, rejected such proposal. The Communications Minister A Raja is more keen than his predecessor to list BSNL. BSNL is looking at diluting upto 20 per cent stake over the next 6-12 months. The company already accounts for about 47.3 million line basic telephone capacity, 4 million WLL capacity and more than 37,382 fixed exchange. BSNL's strength lies in its massive network that ranges from homes and PCOs in every Indian town from fishermen to farmers.
Source:Anonymous
Source:Anonymous
Investors lose 160 bln dollars within minutes in India share market
Investors lost 6.55 trillion rupees (some 160 billion U.S dollars) on Tuesday within minutes of opening of the Bombay Stock Exchange, which was immediately suspended for an hour after the 30-share barometer index Sensex hit the circuit limit of 10 percent.
This loss comes on top of over 11 trillion rupees (some 300 billion dollars) loss suffered by investors in the last six days.
The Sensex lost 5,251.15 points in last seven trading sessions including Tuesday's early morning trade till suspension, while investors' wealth -- measured in terms of cumulative market capitalization of all the listed companies -- has declined by a whopping 18.4 trillion rupees (some 501.8 billion dollars).
As per information available on the Bombay Stock Exchange website, the total market capitalization stood nearly at 60 trillion rupees (1.63 trillion dollars) at the end of Monday's trading against 71 trillion rupees (1.93 trillion dollars) before bourses began business last week on January 14.
The 30-share barometer Sensex tumbled 2,029.05 points to 15,576.30 within minutes of start of trading Tuesday. Monday it lost 1,408 to 17,605.35 points on concerns regarding the US economy going into recession.
Indian Prime Minister Manmohan Singh Monday said he was confident the local stock market would grow in an orderly manner despite a vicious sell off on Monday.
"Let me say orderly growth of the capital market is a priority concern for our government," said Singh.
A sharp fall in the Indian stock market on Monday was triggered by uncertainties in the global economy and was in no way related to any change in India's economic fundamentals, a statement of the government said.
"The fundamentals in the domestic economy are quite strong. Today's market fall reflects the continuing uncertainties in the global economy and not any change in the fundamentals of the Indian economy," the government said in the statement.
This loss comes on top of over 11 trillion rupees (some 300 billion dollars) loss suffered by investors in the last six days.
The Sensex lost 5,251.15 points in last seven trading sessions including Tuesday's early morning trade till suspension, while investors' wealth -- measured in terms of cumulative market capitalization of all the listed companies -- has declined by a whopping 18.4 trillion rupees (some 501.8 billion dollars).
As per information available on the Bombay Stock Exchange website, the total market capitalization stood nearly at 60 trillion rupees (1.63 trillion dollars) at the end of Monday's trading against 71 trillion rupees (1.93 trillion dollars) before bourses began business last week on January 14.
The 30-share barometer Sensex tumbled 2,029.05 points to 15,576.30 within minutes of start of trading Tuesday. Monday it lost 1,408 to 17,605.35 points on concerns regarding the US economy going into recession.
Indian Prime Minister Manmohan Singh Monday said he was confident the local stock market would grow in an orderly manner despite a vicious sell off on Monday.
"Let me say orderly growth of the capital market is a priority concern for our government," said Singh.
A sharp fall in the Indian stock market on Monday was triggered by uncertainties in the global economy and was in no way related to any change in India's economic fundamentals, a statement of the government said.
"The fundamentals in the domestic economy are quite strong. Today's market fall reflects the continuing uncertainties in the global economy and not any change in the fundamentals of the Indian economy," the government said in the statement.
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