SHREE RENUKA SUGARS LTD. - Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

SHREE RENUKA SUGARS LTD. - Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

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KOTAK MAHINDRA BANK LTD. - Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

KOTAK MAHINDRA BANK LTD. - Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

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HDFC BANK LTD. - Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

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Bear of the week: Stock that plunged 50% in 3 sessions

http://googlestockmarket.blogspot.com/

Concerns over recent over-pledging of shares by its promoters, and resignations of some of its key directors and executies have sent the stock price of apparel retailer Koutons' plunging by over 50% in just three trading sessions. Koutons Retail touched a 52-week low today of Rs 155.45. It slipped a further 9.99% today or Rs 17.25 to end at Rs 155.45 in a market that was up 1.5% after being locked at 20% lower circuit yesterday. There were pending sell orders of 331,367 shares, with no buyers available.

Why the share has plunged?

Media reports of the smallcap retailer having pledged shares for the second time in almost three weeks have been doing the rounds lately. The company's promoters, who hold close to 64% stake have pledged as much as half of their stock. Some reports have also suggested that the company has been defaulting on loans, including one on a facility provided by Allahabad Bank.

The firm has also seen the exit of three directors and two senior executives, including its chief financial officer, over the last two months. The departures of the directors and the executives just ahead of the announcement of its first quarter 2010-11 numbers had raised serious concerns about the firm's financial health.

Also adding to the market buzz and its shares woes are reports of credit rating agency ICRA having suspended its ratings assigned to the smallcap retailer due to absence of required information from the company. Reports suggest that Koutons has been unable to furnish detailed financial information to ICRA, which it requires to update its rating.

The company reported an almost 50% dip in net profit to Rs 5.5 crore while net sales also declined 20% to Rs 160 crore during the first quarter ended June 2010. As on June 30, 2010 the company has an equity capital of Rs 30.55 crore.

CNBC-TV18 reports that at its Annual General Meeting, the company's board has authorized to raise funds via a GDR/QIP issue.

Peer comparison:

Company	Last Price (Rs)	Market Cap (Rs in Cr)	Sales Turnover (Rs in Cr)	PAT (Rs in Cr)
Pantaloon Ret	502.25	10651.3	5934.37	179.56
Trent	1055.5	3057.89	587.48	40.22
Shoppers Stop	673.2	2350.84	1408.06	50.23
REI Six Ten	80.15	1151.25	690.9	26.44
Provogue	67.1	767.34	359.73	29.46
Kewal Kiran	406.25	500.7	176.05	32.51
Koutons Retail	155.15	474	1206.05	80.24
Brandhouse	35.95	192.7	657.46	16.21

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India Oberoi Realty sets IPO at Rs 253-260: Sources

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Indian real estate firm Oberoi Realty Ltd has fixed a price band of Rs 253-260 for its Rs 1000 crore ( USD 231.6 million) intial public offering, two sources with direct knowledge of the offer said on Sunday.

The issue, which will open on Oct 6 and close on Oct 8, will constitute 12 percent of the fully diluted post-issue paid-up share capital of the company.

Kotak Mahindra Capital Company, Enam Securities, JP Morgan India and Morgan Stanley India are the book running lead managers to the issue.

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MARKETS ARE AT 34 MONTHS HIGH, GET READY FOR THE BULL-RUN OF YOUR LIFE

http://googlestockmarket.blogspot.com/

We all are receiving SMS all through the last month from known and unknown sources that market will crack sooner than later. In fact last week almost all TV channels, Web analysts are more than 100% certain that soon we will see blood on the Dalal Street. After that what happened we all know. Markets staged a smart recovery proving once again our stand that markets are supreme. No human or computer can predict its’ move.

Markets once again vindicate our stand that many millions and billions will be generated in the Indian stock market if you are on the right side. Let’s discuss in detail. Indian micro story is good. The country has a large collection of world class companies and a well educated English speaking and IT enabled workforce. Relatively stable financial institutions and a world known democracy are added feathers in India’s cap. India can achieve pretty impressive growth rates over the next 3-5 years barring any political shocks. Having seen India’s surprising 8% GDP performance amidst gloomy world economy, there is a rush of economic forecasts by financial institutions that India is on the verge of unprecedented multi decade growth.

Well the collapse of countries like USA, Dubai, Greece will move investors worldwide to invest in high return Asian countries. India is in the top of the list after China and Brazil.

But the ride from hereon will not be smooth. Be prepared for a roller coaster ride. In our opinion there is a bull market taking shape anywhere in the world right now, there is a multi decade bull market making its presence felt VERY STRONGLY. Well the economic data released or to be released will stand testimony to the fact. China’s GDP growth is staggering 19%. Other emerging markets data is also positive surprise. Us trade data is also encouraging.

But always remember my final words DEAR INVESTORS there is no shortcut in the share market.

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A HONEST ADVICE TO ALL INVESTORS

http://googlestockmarket.blogspot.com/

YOU will agree with me that during last few days almost everyone except some stock market learners like me are of the opinion that market should correct from here. Every other day someone somewhere coin a new reason for the market to crack. But the markets are refusing to correct in any meaningful manner. May I ask them why market should correct. All are waiting markets to come down to invest. Is it so simple? Markets are market, have their own logic and move.

Most important is stable political scenario and willing government. Now political situation worldwide are relatively stable. World-over Governments are more than willing to fix financial problems. Economic data worldwide are showing sign of improvement. Dollar index is also showing signs of fatigue around 82-85, now overdue for correction. Commodity prices and crude are gaining strength showing pick-up in economic activity.

Do not believe technical levels like 5480, 5560 or 5620. These levels are created by software created by those who never invested a single paisa in stock market. In my opinion no human or computer in this world can predict the market.

Take my words 2010 will be the year of BULLS they will not let the bears walk away easily. To trade profitably, forget the direction of the market focus on the midcap space. My dear investors this is not important also what is important to pick a stock at right price at right time and the most important exit at the right place.

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Stock Market Latest News

Indian council drafts guidelines for probiotic market

12/29/2009 01:47 PM

Probiotic foods, which are available in the form of health foods, will soon be regulated by stringent guidelines. Indian council of medical research has already come out with a draft set of guidelines for the 1.2 billion dollar Indian probiotic market.

Sukhani upbeat on healthcare sector

12/29/2009 01:20 PM

Technical Analyst, Sudarshan Sukhani is upbeat on healthcare sector.

Sukhani bearish on smallcap steel stocks

12/29/2009 01:16 PM

Technical Analyst, Sudarshan Sukhani is bearish on smallcap steel stocks.

Exit Cipla: Sudarshan Sukhani

12/29/2009 01:12 PM

Technical Analyst, Sudarshan Sukhani is of the view that exit Cipla and and other pharma stocks.

Sukhani upbeat on Tata Steel, SAIL

12/29/2009 01:00 PM

Technical Analyst, Sudarshan Sukhani is of the view that one can buy Tata Steel and SAIL on some decline. In the power pack investors can buy Suzlon Energy with twothree year perspective.

Ideal Energy working on 540MW power project in Nagpur

12/29/2009 12:53 PM

Ideal Energy is working on a 540 megawatt (MW) power project in Maharashtra’s Nagpur, reports CNBCTV18. The company has completed the financial closure for 270MW, the project\'s first phase.

NMDC may rope in foreign partner for mining: Sources

12/29/2009 12:42 PM

Stateowned NMDC may consider bringing in a foreign partner by forging joint ventures for technology and equipment for mining development, sources tell CNBCTV18.

Buy Kalindee Rail on dips: Sukhani

12/29/2009 12:42 PM

Technical Analyst, Sudarshan Sukhani is of the view that one can buy Kalindee Rail on dips.

BPCL Kochi plant clean fuel project delayed

12/29/2009 12:00 PM

Bharat Petroleum Corp\'s Kochi oil refinery is likely to start producing cleaner fuels in June, a delay of nearly 2 months from its revised plan and the government set deadline

World Bank\'s $2bn loan likely to be delayed

12/29/2009 11:53 AM

The government’s fiscal deficit is likely to be lowered by around 9,400 crores this year. The 2 billion dollar loan, which the World Bank (WB) was going to loan to the Indian government to recapitalise banks, will now come only in the next year.

Udasi positive on banking space

12/29/2009 11:51 AM

Sonam Udasi, VP Research at Brics Securities is positive on banking space.

Sonam Udasi positive on Sesa Goa

12/29/2009 11:48 AM

Sonam Udasi, VP Research at Brics Securities is positive on Sesa Goa.

Day\'s movers shakers: Cipla, Kalindee Rail, Tantia, Essel

12/29/2009 11:40 AM

Cipla, Kalindee Rail, Titagarh Wagons, Dish TV, Max India, ETC Networks, Tantia Constructions, Essel Propack, Manjushree Technopack and many more stocks were buzzing today.

Ispat Industries adds 2cr shares in OI

12/29/2009 11:34 AM

Ispat Industries ended up 7.5% and added nearly 2 crore shares in open interest (OI). India Cements ended up 4% with a good buildup of 30 lakh shares. Century Textiles, ended up nearly 4% with a buildup of nearly 10 lakh shares.

Parents should show \'tough love\' to children

12/29/2009 11:33 AM

With growing numbers of graduates returning to the family home after college, parents should be supportive but not too much, the British government warns on Tuesday.

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Business News

UBS threatens to move HQ from Switzerland

Swiss bank UBS is threatening to move its headquarters out of Switzerland if the authorities impose too many new regulations in the wake of the global financial crisis, Swiss weekly paper Sonntag CH said.

UAE markets seen \'limit down\' on Monday open

UAE markets will face intense selling pressure when they reopen on Monday in the first postholiday trading after Dubai shocked global markets last week by seeking a debt standstill for two flagship firms.

Harel, Ashtrom to buy Deutsche Telekom property

Israel\'s Harel Insurance Investments and Financial Services and Ashtrom Properties agreed to acquire from Deutsche Telekom an office complex in the centre of Leipzig for 29 million euros (USD 43.29 million).

Nokia Siemens CEO says focus on mkt share

Ailing telecom equipment maker Nokia Siemens Networks has changed its business focus to increasing its market share, the new chief executive of the venture was quoted as saying on Sunday.

Report: Dubai World refused distressasset sale

Dubai World has refused to offload assets at firesale prices to repay obligations, forcing it to seek a debt standstill, a newspaper report on Sunday quoted an unnamed source at the governmentcontrolled firm as saying.

Euro zone sees no default spillover from Dubai woes

The euro zone does not risk the sort of debt problems plaguing Dubai, senior European Union officials said on Sunday.

IBM to buy startup Guardium for $225mn

IBM, the world\'s biggest technology services company, is expected to announce this week the acquisition of database security startup Guardium for USD 225 million, Israeli financial newspaper TheMarker reported.

WockhardtDBS reach out of court settlement in CDR case

Pharmaceutical major Wockhardt, which has been fighting a legal battle with Singapore’s DBS Bank has finally sort for an outofcourt settlement in the corporate debt restructuring (CDR) case.

LT ties up with NPCIL to make forgings for nplants

Larsen and Toubro is all set to ink a joint venture agreement with the Nuclear Power Corporation of India for setting up a Rs 2,000crore project to make forgings for nuclear power plants.

UTI to be first on NSE mutual fund platform

Around 30 of the 100 schemes of UTI Mutual Fund will be listed on the new NSE Mutual Fund platform, which is set for a Monday launch.

China to expand oldfornew car, appliance schemes

China will expand schemes that give consumers a discount if they trade in old cars and household appliances for new ones, Vice Commerce Minister Jiang Zengwei said.

Washington to press banks on mortgage relief

The Obama administration plans to announce on Monday a campaign to press mortgage companies to reduce payments for many more struggling homeowners, The New York Times reported in Sunday editions.

US Treasury wants more lender leeway on loans

The US Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday.

Dubai is setback but world economy can cope: UK\'s Brown

The spectre of a debt default in Dubai is a problem but the world economy is now strong enough to surmount it, British Prime Minister Gordon Brown said on Friday.

Canada\'s Flaherty says G7 monitoring Dubai fallout

The Group of Seven (G7) countries has discussed the potential fallout on the global financial system from Dubai\'s delayed debt payments, Canadian Finance Minister Jim Flaherty said on Friday.

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Business News

In good spirits: Beam Global bets big on India

Beam Global Spirits Wine is a company better known perhaps by its brands. Laphroaig, Teacher’s, Cockburn’s Port, and Canadian Club are just some from a long list of popular brands of the company. Its flagship brand, Jim Beam dates back to 1795.

Aurobindo Pharma sees $2 bn sales in next 3 years

Aurobindo Pharma has inaugurated a Rs 150 crore drug manufacturing plant at its pharma SEZ in Hyderabad. It expects revenues to hit USD 2 billion by 2013.

Bharti Airtel cuts mobile roaming charges

Bharti Airtel, India\'s top mobile operator, said on Friday it had launched a new bill plan that would reduce mobile roaming rates by nearly 60%.

Bharti Airtel reduces roaming charges to 50 paise/min

In an interview with CNBCTV18, Atul Bindal, President, Mobile Services of Bharti Airtel Ltd, spoke about the fairly large sized cut in its roaming charges.

Essar Comm to file revised bond offer doc

The Reserve Bank of India (RBI) has sought a revised offer document from Essar Communication Holdings that details how it plans to use funds raised in a USD 920 million bond issue, two sources with knowledge of the development said.

US electric carmaker Tesla preparing IPO: Sources

US electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and batterypowered vehicles.

GM India will not cede ground in Chinese alliance

President and Managing Director of General Motors India, is categorical that the proposed alliance with SAIC Motor Corporation of China for light trucks will in no way compromise his company’s position.

Bharat Hotels to invest Rs 2,300 cr in new properties

Bharat Hotels, the holding company of The Lalit Suri Hospitality Group, will invest nearly Rs 2,300 crore in hotel properties in the next four years. This will include its foray in the midmarket segment.

DoT, Defence end stalemate on spectrum

In a move that will allow the Government to auction 3G spectrum for at least four operators in each circle, the Department of Telecom and the Ministry of Defence have struck an agreement whereby the armed forces will release 25 Mhz of radio frequency.

Galleon sells its stake in India`s Edelweiss

Hedge fund Galleon, which is winding down its funds after its founder was accused of heading an insider trading ring, has sold its holding in India\'s Edelweiss Capital, stock exchange data showed.

India may miss 2009/10 power addition target

India is likely to add only 78 percent of its targetted 14.5 gigawatts power capacity in the 2009/10 financial year ending March, Power Minister Sushilkumar Shinde told lawmakers on Friday.

New plant to aid growth by 15%: Kansia Nerolac

In an interview with CNBCTV18, HM Bharuka, Managing Director of Kansai Nerolac, spoke about the launch of new plant in Bangalore..

Vijay Shanthi Builders targets revenues of Rs 150cr in H2

Real estate companies are beginning to see some traction in their business. Chennaibased real estate builder, Vijay Shanthi, which had a turnover of Rs 25 crore in the first half of FY10, now expects to do Rs 150 crore in sales in the second half.

Elecon Engg initiates group restructuring process

In an exclusive interview with HC Shah, CFO of Elecon Engineering, spoke on the latest developments in the company.

ICEX to launch operations on November 23

In an interview with CNBCTV18, Ajit Mittal Managing Director of ICEX spoke about the particulars of the exchange.

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Business News

Edelweiss, Tokio Marine in insurance venture

Edelweiss Capital said on Friday it plans to form a life insurance joint venture with Japanese insurance group Tokio Marine Holdings.

Mundra Port to develop Hazira\'s nonLNG facilities

Mundra Port and SEZ said on Friday it received a contract to develop the nonLNG port facilities at Hazira port in Gujarat.

100cc bike launch to lift motorcycle sales:Honda Motorcycle

Honda Motorcycle and Scooters India (HMSI) may have to set up a second greenfield twowheeler manufacturing facility in India as the company’s existing facility is expected to run out of capacity by the end of this fiscal.

NMDC to produce iron ore from hematite rocks

National Mineral Development Corporation (NMDC) is all set to break new grounds in iron ore mining.

Visa Steel applies for mining leases in Orissa,Chattisgarh

Steel prices may be falling but that of primary raw materials such as pig iron, coke and coking coal continue to remain stable, said Vishambhar Saran, Chairman, Visa Steel.

Sony Ericsson to shut down Chennai unit

Handsetmaker Sony Ericsson on Thursday said it will shut down its development centre in Chennai as part of its move to cut jobs globally.

IIFCL may get 80 mn euro loan from Germany`s KFW

India Infrastructure Finance Co Ltd (IIFCL) is likely to get a credit facility of 80 million euros from Germany\'s KFW, said a top official at IIFCL.

Pantaloon launches up to 5 bln share sale

Pantaloon launches up to 5 bln share sale

Welspun Gujarat launches $50 mn share sale

Pipe maker Welspun Gujarat has launched a USD 50 million share sale to institutions that can be upsized to USD 100 million, two sources with direct knowledge of the deal said on Thursday.

Developing countries ready tariff deal without WTO

As the World Trade Organisation\'s Doha round stumbles into its ninth year with no end in sight, a group of 22 developing countries are poised to clinch their own deal to cut tariffs and boost trade among themselves.

Scripps to buy stake in India\'s NDTV unit for USD 55 mn

US media company Scripps Networks Interactive Inc said it will acquire a majority stake in Indian broadcaster New Delhi Television\'s lifestyle unit for USD 55 million as part of its plan to expand internationally.

Ashok Leyland eyes 1015% market share in LCV seg

R Seshasayee, MD of Ashok Leyland is optimistic about the economic recovery and he sees enough potential for demandgrowth.

Hyundai shelves plans for diesel car plant in Chennai

Hyundai Motors is cautiously optimistic about the Indian market. Although the company is hopeful of maintaining the growth in sales exports, it has shelved its plans for the diesel plant in Chennai.

Big IT to restart hiring come December

IT companies are finally starting to hiring. Infosys, TCS, Wipro and even Patni have begun hiring for 201112, reports CNBCTV18’s Kritika Saxena.

Sebi mulls shortening IPO listing time to 7 days

Market regulator Securities and Exchange Board of India, or SEBI, has put primary market reforms on the fast track. It is now looking to shorten the time between the closing of an IPO and its listing to just 7 days, report CNBCTV18’s Mrinalini Krishna and Priyanka Ghosh.

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Business News

Hero Honda sees growth tapering off in H2FY10

He is among the CFO’s who won the top honours at the CNBCTV18 CFO awards last night. In an interview with CNBCTV18, Ravi Sud, CFO, Hero Honda gave his assessment of the economic recovery, his outlook for the twowheeler industry and the country’s transition to GST next year.

LT joint venture among bidders for Oman airport deal

Four international firms including a joint venture between India\'s Larsen Toubro and Oman\'s Galfar Engineering have bid for the construction of a new terminal at Muscat\'s airport.

Suzlon unit wins US wind turbine order

Suzlon Energy said on Wednesday its German unit REpower Systems has signed a contract to supply wind turbines with a total capacity of 18.45 mw to US firm Heritage Sustainable Energy LLC.

Lakshmi Mittal pulls out of oil block JV with ONGC

Oil Natural Gas Corporation said steel magnate Lakshmi Mittal has pulled out of a project to jointly develop an oil block in Kazakhstan, but their partnerships in other blocks were intact.

Wockhardt plans preferential issue

Drug maker Wockhardt said on Wednesday it plans a preferential issue of up to 1.6 billion convertible or nonconvertible redeemable preference shares at Rs 5 each.

Alcatel Lucent sees Asia as growth engine

FrancoUS telecoms equipment seller Alcatel Lucent said on Wednesday it believes it is gaining market share in Asia, as it gears up to try for a major share of India\'s upcoming 3G buildout.

IDBI Fortis Life eyes over 74% rise in premium in FY10

IDBI Fortis Life Insurance expects premium incomes to rise over 74 % in 2009/10, a top official said on Wednesday.

McIlroy swayed by India`s Singh in US PGA Tour decision

Rory McIlroy has revealed a conversation with Jeev Milkha Singh swayed his decision to join the US PGA Tour next season, despite advice from Ernie Els, Lee Westwood and Darren Clarke to stay in Europe for another year.

Nippon denies report of talks for stake in JSW Steel

Japan\'s Nippon Steel Corporation on Wednesday denied a report that it was in talks for a stake in JSW Steel.

Bowen Energy to become 58.8% subsidiary of co:Bhushan Steel

Bhushan Steel\'s acquisition of Australian coal and mineral resource exploration company, Bowen energy, had hit regulatory hurdle. In an interview with CNBCTV18, Neeraj Singal, MD, Bhushan Steel Strips spoke about the issue and gave an outlook on the business going forward.

Divestment through govt stake sale, not fresh issue: NMDC

Rana Som, Chairman of NMDC confirmed that the government will divest 8.38% stake in NMDC. “The divestment will be through government stale sale and not fresh issue.” The present cash balance stands at Rs 13,000 crore and is seen at Rs 14,500 crore by next year.

LT Infotech eyes cos worth $150200m for synergy

YM Deosthalee, WholeTime Director and CFO of engineering giant Larsen Toubro the recipient of the Best CFO of the Year award spoke about the latest happenings in his company and the road ahead.

Essar Group expects pressure in iron ore, coal prices

Indian Steel Mills have cut steel prices twice in the last 3040 days in line with lower international prices. Commenting on how that has impacted the Indian steel sector, J Mehra, Director of the Essar Group, speaks exclusively to CNBCTV18.

LT Infotech sees business improving in H2FY10

Business is picking up for LT Infotech in the second half of the 2009/10 fiscal year and should improve further next year, the chief executive of the outsourcing firm said in an interview on Wednesday.

Lost Australia senior drives 9 hr to get newspaper

An elderly man who went out to fetch a morning newspaper ended up driving more than 600 kms (370 miles) after getting lost and taking a wrong turn onto a major Australian highway, police said on Wednesday.

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