BUDGET 2012- VERY IMPORTANT BUDGET IN RECENT YEARS, TO BE WATCHED CAREFULLY
Wednesday, October 12, 2011
Friday, October 7, 2011
BOOK PROFIT
GOOD MORNING GUYS,
One Can Book Profit In Buy Nifty Call @ 4910-4930 Given On 4th October, Within 2 Trading Days We Are In Profit of 200 Points
Thanks,
And Keep Visiting Blog
FOR V.S.S. SECURITIES
Aditya Singh
One Can Book Profit In Buy Nifty Call @ 4910-4930 Given On 4th October, Within 2 Trading Days We Are In Profit of 200 Points
Thanks,
And Keep Visiting Blog
FOR V.S.S. SECURITIES
Aditya Singh
Tuesday, October 4, 2011
Friday, September 30, 2011
Govt to borrow 53,000 crore more
Source: Times Of India
In the first indication of the government's budget calculations going awry, the finance ministry on Thursday said it will borrow nearly Rs 53,000 crore more than the budgeted level, a move which will further restrict fund-raising by the private sector.
Banks bore the immediate impact of the 32% jump in second half borrowings as the yield on 10-year government security climbed 10 basis points - the most in two months - to 8.44%. A rise in yield means that the value of the securities has declined and the banks will have to devalue the bonds in line with the market price at the end of the second quarter. With bond markets shut for trading on Friday , banks will have to factor in the 52 basis point increase in yields this quarter.
Some of the smaller public sector banks said they will take aRs 70-80 crore hit following the government announcement, which in case of larger players such as State Bank of India andICICI Bank could be much more. Government borrowing was increased while finalizing the calendar for the second half. The Centre will now borrow Rs 2.2 lakh crore between October and March compared to the original plan of Rs 1.67 lakh crore.
"Keeping in view the shortfall in other financing items, it has been decided to increase the government market borrowings through dated securities provided in the Union Budget 2011-12 by Rs 52,872 crore," the finance ministry said in a statement after a meeting between its officials and those of the RBI. For the full fiscal, government borrowings will rise to around Rs 4.7 lakh crore, from Rs 4.17 lakh crore budgeted earlier, of which Rs 2.5 lakh crore has been raised between April and September . Economic affairs secretary R Gopalan said that lowerthan-expected collections under small savings schemes such as public provident fund and post office deposits and lower cash surplus has forced the government to issue more bonds and increase borrowings .
In the first indication of the government's budget calculations going awry, the finance ministry on Thursday said it will borrow nearly Rs 53,000 crore more than the budgeted level, a move which will further restrict fund-raising by the private sector.
Banks bore the immediate impact of the 32% jump in second half borrowings as the yield on 10-year government security climbed 10 basis points - the most in two months - to 8.44%. A rise in yield means that the value of the securities has declined and the banks will have to devalue the bonds in line with the market price at the end of the second quarter. With bond markets shut for trading on Friday , banks will have to factor in the 52 basis point increase in yields this quarter.
Some of the smaller public sector banks said they will take aRs 70-80 crore hit following the government announcement, which in case of larger players such as State Bank of India andICICI Bank could be much more. Government borrowing was increased while finalizing the calendar for the second half. The Centre will now borrow Rs 2.2 lakh crore between October and March compared to the original plan of Rs 1.67 lakh crore.
"Keeping in view the shortfall in other financing items, it has been decided to increase the government market borrowings through dated securities provided in the Union Budget 2011-12 by Rs 52,872 crore," the finance ministry said in a statement after a meeting between its officials and those of the RBI. For the full fiscal, government borrowings will rise to around Rs 4.7 lakh crore, from Rs 4.17 lakh crore budgeted earlier, of which Rs 2.5 lakh crore has been raised between April and September . Economic affairs secretary R Gopalan said that lowerthan-expected collections under small savings schemes such as public provident fund and post office deposits and lower cash surplus has forced the government to issue more bonds and increase borrowings .
Tuesday, September 27, 2011
Monday, September 26, 2011
Wednesday, September 7, 2011
ONGC IPO LTD.
Dear Investors,
Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has to be fixed yet.
Oil and Natural Gas Corporation Limited (ONGC) the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.
Few highlights about ONGC:
ONGC is a Fortune Global 500 company ranked 413.
ONGC is Asia's largest and most active company.
ONGC is at Rank 18th in top Global Energy Company Rankings.
ONGC contribute 77% of India's crude oil production and 81% of India's natural gas Production.
Company Promoters:
The promoter of the company is President of India
Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has to be fixed yet.
Oil and Natural Gas Corporation Limited (ONGC) the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.
Few highlights about ONGC:
ONGC is a Fortune Global 500 company ranked 413.
ONGC is Asia's largest and most active company.
ONGC is at Rank 18th in top Global Energy Company Rankings.
ONGC contribute 77% of India's crude oil production and 81% of India's natural gas Production.
Company Promoters:
The promoter of the company is President of India
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