Tata Motors-owned Jaguar has unveiled a electric concept car

Tata Motors-owned Jaguar has unveiled a electric concept car that may run 900 km to some charge having a top speed of 320 km each hour.

Christened C-X75, it's been designed to celebrate 75 many years of the organization, says Ian Callum, design director of Jaguar Cars.

Callum asserted he was very "excited concerning the car and loved its design.

He explained the idea car had everything a Jaguar ought to be.

The vehicle which may be placed on display in the prestigious Los Angles Auto Show beginning tomorrow has established waves within the last couple of days after being exhibited in certain areas of this town of Hollywood

The latest wave of regulatory uncertainty over licences

The latest wave of regulatory uncertainty over licences engulfed India's fiercely competitive mobile industry on Thursday and sent shares some operators reeling.

A scandal involving spectrum allocation than a government audit said can have cost India $31 billion ended in the sacking of Telecoms Minister Andimuthu Raja along at the weekend and has now turned the spotlight on companies which received spectrum.

Meanwhile, India's telecoms regulator has recommended to your government not wearing running shoes cancel 38 telecoms licences because operators could not meet rollout obligations, an origin with direct perception of the difficulty said late on Thursday.

Licences suited to cancellation include eight held by India unit of Norway's Telenor, two held by India unit of Abu Dhabi's Etisalat, and 10 held by India arm of Russia's Sistema, the fundamental cause said.

The Supreme Court on Thursday asked the Centre to submit an affidavit on Prime Minister's

The Supreme Court on Thursday asked the Centre to submit an affidavit on Prime Minister's silence on Janata Party president Subramaniam Swamy's petition seeking sanction to prosecute former telecom minister A Raja from the 2G spectrum scam case.

The Supreme Court asked the Centre to submit the affidavit by Saturday and fixed the hearing on Tuesday.

The apex court also stated that showing the files cant be found enough. It has to say owe exactly why with the delay making sure that any concealment of fact, legal court can fix the accountability. The SC wants the affidavit for being filed for the number one Minister by way of responsible officer explaining the 11 long months inaction and silence.

Legal court had on Tuesday asked the costa rica government to spellout within two days why the "sanctioning authority" - however, the number one Minister - remained silent for 11 months spanning a request seeking sanction with the prosecution of any Raja from the 2G case.

Within a mention of the PM Manmohan Singh's oversight role, the SC called a petition submitted by Subramaniam Swamy towards PM, to talk about: "We are stored on the alleged inaction and silence on the sanctioning authority for 11 months on Swamy's petition seeking sanction to prosecute....This precisely what is worrying us."

An SC bench comprising Justices G S Singhvi as well as a K Ganguly hearing the 2G spectrum case asked solicitor general Gopal Subramaniam to examine relevant files before giving his response on Thursday on why it took the costa rica government every thirty days next to 1 year to express to Swamy that prosecution could well be "premature" during this period.

The SC's remarks came for a passing fancy day for the reason that Comptroller and Auditor General's scathing report within the allocation of 2G licences during which CAG haven't only indicted Raja but indirectly called an oversight failure on the ex-minister's role by saying "there is usually an imperative ought to fix responsibility and enforce accountability for lapses".

SC's query on why the PM wouldn't decide in any event . - whether there seemed to be merit in Swamy's petition or you cannot - will harden the Opposition sales of a joint parliamentary committee to probe the alleged scam. This, in return, may complicate the logjam in Parliament for the reason that government is anticipated to resist a JPC.

Swamy's petition against Raja hasn't been vague: SC

The solicitor general defended the PMO by proclaiming that for the reason that CBI was probing the alleged scam, the "sanctioning authority" (PM) was perfectly within its rights to tell Swamy so it would await the actual end result on the investigation before deliberating on if thez Raja really should be prosecuted or you cannot.

Even so the bench left little room for confusion. It put its question dependant on dates and facts - Swamy had filed a petition prior to a PM on November 29, 2008 seeking sanction to prosecute Raja; CBI had lodged an FIR on October 21, 2009 against "unknown persons"; plus the reply to Swamy's petition came on March 19, 2010, on the secretary from the department of personnel and training (DoPT) for the PMO saying the petition was "premature".

"What happened between November 29, 2008 and October 21, 2010?" the bench needed to know, adding, "We accept it which the sanctioning authority was right in awaiting the actual end result of any pending inquiry to defer a determination using a private petition seeking sanction to prosecute a minister. But why was the authority silent for 11 months preceding the lodging on the FIR."

Stocks to watch

GlaxoSmithKline Consumer Healthcare will invest more than 2.7 billion rupees in its Indian operations GSLM.BO over the next three years, the Economic Times reported on Wednesday, citing the U.S.-based company's international president.

"GSK will be a significant investor in India for the foreseeable future," the newspaper quoted Ian C. McPherson as saying in an interview.

"We will invest in excess of 270 crore rupees in India over the next three years on capacity expansion at our three company-owned plants (in Sonepat, Nabha and Rajamundhry) and infrastructure development."

Investments are being made in research and development, global manufacturing and supply and mergers and acquisitions, the report said citing McPherson.

Naveen Jindal-led Jindal Power has achieved the financial closure for its 2400 mw power project at Raigarh, Chhattisgarh, according to a report.

The report stated that the company is planning to raise Rs 100.57bn as long-term loan with a repayment period of 14 years for the project.

The estimated cost of the proposed power project is Rs 134.10bn and the balance fund requirement of Rs 33.53bn will be met through internal funds, report adds.


Energy giant Reliance Industries will be watched after a top official said the company is unable to hit peak gas production at its D6 block, off India's east coast, due to customers not buying allocated volumes and a lack of pipeline infrastructure.

Export-led software outsourcing firms such as Infosys
Technologies (INFY.BO), Tata Consultancy Services (TCS.BO) and
Wipro (WIPR.BO) will be in focus tracking the rupee, which is
expected to edge higher. [INR/]

New directors to join FMC

After functioning under a manpower shortage for two years, the regulator of the commodity futures market has selected seven candidates from the public sector to fill up nine important posts in the 'Forward Markets Commission (FMC)' During this period, cumulative turnover of the market has risen by more than 90% to Rs 73.5 lakh crore.

The candidates will be deputed to the FMC as directors, whose tasks include recognition and upgradation of exchanges, monitoring trade data from exchanges, inspection and audit of exchanges, their members and other intermediaries, market research, price analysis, conducting surveys, and maintaining and developing a database.

Out of 12 directors, FMC currently has only three. The shortage of key staff is delaying the passage of important measures to regulate the markets more effectively. For example, an important measure that FMC wanted exchanges to implement six months ago was issued early this month when the bourses were directed to levy a uniform instead of variable penalty on brokers for the same offence. The new structure, which will come into effect from April 1, ensures that bourses don’t discriminate among their members by treating some too lightly or harshly.

“We would have liked to see the latest measure having been implemented six months ago by the exchanges, but we were stymied by a shortage of staff,” said BC Khatua, chairman, FMC.

The other problem that the regulator faces is an inability to offer market level salaries to attract specialised talent. Unlike other regulators such as Sebi or RBI, FMC is not financially autonomous and so cannot collect fees from exchange members. The penalties it collects go to the government. This makes the commission dependent on government departments which depute their staff to FMC. PSU officials who come on deputation have no specialised knowledge of commodities and have to be trained by the commission. Many a time these officers are prematurely reverted to their parent departments on grounds of staff shortage. Thus the FMC loses its trained manpower after investing time and resources on training them.

“A year ago, I had eight directors. Of these six went away, leaving me with just two directors. One of the current directors was promoted internally and that filled three posts,” said Mr Khatua.

The ability to attract talent will become possible only if an act providing financial autonomy to the FMC is passed by Parliament. The FCRA (Amendment) Regulation Bill, which has been hanging fire for many years, is presently lying with the FMC’s parent ministry, the consumer affairs ministry. Being a money bill, this will have to be passed first by the Lok Sabha and then the Rajya Sabha.

However, till this all-important bill is passed, FMC will have to stay content with regulatory powers devolved to it by its parent ministry.

This blog provide free share market tips

source The Economic Times

Buy GMRINFRA STOCK MARKET TIPS

This stock is technically strong so you buy this stock in current price level 60 and target is 66 only exit when this stock close below 57 price level,



GMR Infrastructure is a large business conglomerate with presence across various verticals in the infrastructure space, such as airports, power, road-highways and urban development. The company has an excellent track record of execution across different segments, and is in a sweet spot with the pick-up in airport passenger traffic and improving visibility for monetization of real estate at premium valuations. It has a strong pipeline of new power projects which will be operational over the period and would unlock value for the parent company.

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Buy MID-DAY MULTIMEDIA

Buy MID-DAY MULTIMEDIA for 4 month investment , This stock target is 34 current price is 28.7 ,this stock chance for down up to 24 price level, so only exit when this stock close below 23 price level

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Buy Balmer Lawrie Brokerage Recommendation

Hedge Equities the research firm has recommended for accumulation of stock "Balmer Lawrie" with targets of Rs 675 and Rs 740 for a 1-2 year (long term investment )

While the sales of the firm have grown at a CAGR of 13.6% in the last 5 years (2005-2009), its growth in profits have been more impressive, growing at a CAGR of 27.2%

The profit margin of Balmer Lawrie (Q,N,C,F)* is forecast-ed to increase from 5.4% in 2009 to 6.1%, 6.5% and 7% in FY10E, FY11E and FY12E respectively. At a CMP of Rs 580, the stock is trading at 8 times its FY10E earnings, 7 times its FY11E earnings and 5 times its FY12E earnings.

Technical view

Strategy for Bull; This stock is in bullish trend so this stock will touch 626 and 650 level with in short time period,


Strategy for Bear; This stock having a strongest support in 570-560 level if break this level it will down up to 524-520 level,

Indian 'stock market' tips

Intrasoft Technologies Limited IPO

Intrasoft Technologies Limited provides electronic greeting card services through website, www.123greetings.com. 123greetings is the largest electronic greeting cards website in India and 2nd largest in the world.

123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events. IntraSoft has priced its IPO of 37,00,000 equity shares of face value Rs 10 each in the Rs 137 to Rs 145 per share band.

The company will raise Rs 50.69 crores at the lower end of the price band, which is 13.7 times the face value, and mop up Rs 53.65 crores at the upper end, which is 14.5 times the face value.

The issue constitutes 25.12% of the post issue paid up capital. At least 50% of the book build issue will be reserved for QIBs; not less than 15% reserved for non-institutional bidders and 35% reserved for retail individual bidders.

IntraSoft plans to fund the company’s requirements for branding & promotion, purchasing a corporate office in Kolkata, and 'investment in technology' infrastructure from the issue proceeds. CARE has assigned IPO Grade 3 to the IPO, indicating average fundamentals.

Website http://www.itlindia.com
Issue Open 23-Mar-2010
Issue Close 26-Mar-2010
Issue Type Book Building
Face Value Rs.10/
Price Range Rs. 137/- to Rs. 145/-
Market Lot 40 Minimum Order Qty 40
Listing Stock Exchange Mumbai, NSE
Registrar To The Issue Link Intime India Pvt Ltd.
Registered Office Address A-502, Prathamesh, Raghuvanshi Mills Ltd Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013

Shree Ganesh Jewellery House Ltd IPO

The Initial Public Offering (IPO) of Shree Ganesh Jewellery House Limited has opened for subscription by investors today - March 19, 2010.

The Rating Agency CARE has assigned IPO Grading of Care IPO Grade 3. Axis Bank Limited, ICICI Securities Limited and Avendus Capital Private Limited are the Book Running Lead Managers to the IPO.

Enam Securities Private Limited, Ashika Stock Broking Limited, Prabhudas Lilladhar Private Limited and Reliance Securities Limited are the Syndicate Members to the issue.

Shree Ganesh Jewelery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company’s products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.

There portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions. Shree Ganesh also plans to set up units in Dubai and Singapore and expand its export footprint into new geographies such as Europe, Australia and Africa. The Middle East, Singapore and Hong Kong are the major export markets for the firm.

Registered Office Address ;413, Vardaan Market, 25A, Camac Street, Kolkata - 700 016
Email investors@sgjhl.com

Website http://www.sgjhl.com/

Issue Open 19-Mar-2010

Issue Close 23-Mar-2010

Issue Size 1,42,69,831 Equity Shares

Issue Type Book Building

Face Value Rs.10/-

Price Range Rs. 260/- to Rs. 270/-

Tick Size Re.1/-

Market Lot 25

Minimum Order Qty 25

Listing Stock Exchange Mumbai, NSE

Registrar To The Issue Link Intime India Pvt. Ltd.

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Persistent Systems Details

Persistent Systems Limited (PSL) is one of the market leaders in Outsourced software Product Development (OPD) services. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of its customers’ existing software products.

Issue Details;
Listing NSE & BSE
Offer Open date 17th March 2010
Offer Close date 19th March 2010
Promoter Dr. Anand Deshpande
Price Band 290-310
Industry IT

Equity shares prior to issue (Cr) 3.6
Shares offered (Cr) 0.4
Equity shares post Issue (Cr) 4.0
Shareholding Pre Issue Post Issue
Promoters 43.3 38.9
Others 56.7 61.1
Total 100.0 100.0


One of the leading players in the OPD segment

PSL is an OPD specialty company, offering its customers the benefits of offshore delivery. Over the past five years, it has contributed to more than 3,000 product releases for its customers. It has been recognized as one of the leading technology companies in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009.

Offers full product development services including value addition

It provides a broad range of services to its customers that support their software products throughout the full product life-cycle. These offerings are suitable for companies of all sizes. Its services range from research and prototyping, development and testing, consulting services and deployment, and support and maintenance

Backed by strong financial;

Over a three-year time frame, Persistent Systems has seen its revenues grow at a compounded annual rate of 40 per cent to Rs 600.6 crore in 2009, while net profits grew at 22.3 per cent to Rs 66.9 crore. It also has been enjoying net margins in excess of 16 per cent consistently over the last several years, barring 2008-09, when it was hit by a 170 per cent increase in operating and other expenses

Key Concern: Tax burden to increase beyond FY11;

If the tax exemption under STPI scheme is not renewed beyond FY11, Persistent’s tax as a percentage of profit before tax is likely to jump to 20-25 % from less than 10% now. It may reduce its net margin by over 100 bps. To mitigate this impact, the company has decided to invest in its SEZ in Hyderabad. New projects will be executed from the SEZ unit, which would enjoy tax exemption,

Valuation & Recommendation;

At the higher end of the price band i.e. at Rs 310, PSL is available at an attractive P/E of 11.7 based on annualized profit of the first nine months of 2009 and post IPO equity. Being a pure play OPD company & the segment also poised for healthy growth over the next few years, we recommend a SUBSCRIBE on the company for listing gains as well as for a medium to long term horizon.

Company Background;

Persistent Systems Limited (PSL) is one of the market leaders in Outsourced software Product Development (OPD) services. It is an OPD specialty company, offering its customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of its customers’ existing software products.

Its OPD services allow its customers to release management bandwidth, to reduce time-to-market,
improve the quality of their products, reduce risk of failure during the engineering development process, improve predictability and reliability of the engineering process, while helping them lower their over-all product engineering costs. It has depth of experience in the focused areas of telecommunications, life sciences and infrastructure. It has invested and plans to continuously invest in new technologies and frameworks in the areas of cloud computing, analytic, enterprise collaboration and enterprise mobility. Its customers range from several global software companies to early-stage companies that are developing. As of December 31, 2009, it has over 37 customers that have over $1 billion in annual revenue. It has already built a team of more than 3,700 software professionals well versed in the product development process.

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Persistent Systems IPO

Persistent Systems, the Pune-based software firm has revived its plans for an IPO, The Anand Deshpande is a founder and CMD of the company,


it has been ranked as one of the fastest-growing companies on the Deloitte Technology Fast 500 Asia Pacific 2009 list. The ranking is based on percentage revenue growth over three years.


The company had net profit of around Rs 55.5 crore on revenues of Rs 314.4 crore for the year ended March 2007.


About Persistent Systems

Established in 1990, Persistent Systems is recognized as an award-winning technology company specializing in software product development services. With 4,200+ employees, innovative business models, and reusable assets and frameworks,Persistent Systems has delivered over 2,400 software product releases to their 175+ customers in the last six years. For more information, please visit: www.persistentsys.com

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The US government is preparing to sell its 27% stake in Citigroup

The US government is preparing to sell its 27% stake in Citigroup, in what would be one of the largest share sales in history. Some 7.7 billion shares in the bailed-out bank will be sold in tranches throughout 2010, the US Treasury said.
It will mark another stage in Wall Street's recovery, and could make the US taxpayer $8bn (£5.3bn) in profit. Citigroup, which has posted more than $100bn in write-downs, required three government rescues in 2008 and 2009. At Citigroup's opening share price of $4.39 on Monday, the Treasury's stake would be worth just over $33bn, giving an $8bn profit to the US taxpayer.
CITIGROUP INC. Last updated: 29 Mar 2010, 20:57 UK *Chart shows local time price change % 4.18 -0.13 -3.02 More data on this share price The bank has received a total of $45bn in bail-out money from the Treasury's $700bn Troubled Asset Relief Program (Tarp).
It was the largest amount given to a bank (and was equal to the sum given to Bank of America). Citigroup was given $25bn in return for 7.7 billion in shares, and was loaned another $20bn in two tranches.
This $20bn was repaid in December. The bank, once one of America's most illustrious financial institutions, has seen its share price collapse 90% since late 2006 as fears about its financial health grew. Its shares fell after the Treasury confirmed the sale, falling 4% to $4.11. Before the credit crisis they were worth more than $50.
Morgan Stanley has been chosen to underwrite and advise on the sale, though the US Treasury emphasised that the disposal was subject to market conditions.
A Treasury statement said that it "intends to sell its Citigroup common shares into the market through various means in an orderly and measured fashion". It is thought that the share sales will begin after Citigroup reports its results next month.
Analyst Greg Valliere of Soleil Securities said a profitable exit of the government's stake in Citi would be a "great PR victory for the Obama administration". "There are many skeptics who never thought this day would come," he added.
Taxpayer money Citi follows other Wall Street banks, including Goldman Sachs and Bank of America, who have repaid the government investment. Although the bank rescues now seem likely to be profitable, BBC economics correspondent Andrew Walker says, other financial aid will probably cost the taxpayer money, including the insurer AIG and the carmakers General Motors and Chrysler.
According to the latest official report on the state of Tarp at the end of 2009, 67 recipients had repaid all or part of their bail-out money, totalling more than $165.2bn.
The Treasury had also received by the end of December $16.9bn in additional payments such as interest and dividends on its investments. -0.13 -3.02 More data on this share price The bank has received a total of $45bn in bail-out money from the Treasury's $700bn Troubled Asset Relief Program (Tarp).
It was the largest amount given to a bank (and was equal to the sum given to Bank of America). Citigroup was given $25bn in return for 7.7 billion in shares, and was loaned another $20bn in two tranches.
This $20bn was repaid in December. The bank, once one of America's most illustrious financial institutions, has seen its share price collapse 90% since late 2006 as fears about its financial health grew.
Its shares fell after the Treasury confirmed the sale, falling 4% to $4.11. Before the credit crisis they were worth more than $50. Morgan Stanley has been chosen to underwrite and advise on the sale, though the US Treasury emphasised that the disposal was subject to market conditions. A Treasury statement said that it "intends to sell its Citigroup common shares into the market through various means in an orderly and measured fashion". It is thought that the share sales will begin after Citigroup reports its results next month.
Analyst Greg Valliere of Soleil Securities said a profitable exit of the government's stake in Citi would be a "great PR victory for the Obama administration". "There are many skeptics who never thought this day would come," he added.
Taxpayer money Citi follows other Wall Street banks, including Goldman Sachs and Bank of America, who have repaid the government investment. Although the bank rescues now seem likely to be profitable, BBC economics correspondent Andrew Walker says, other financial aid will probably cost the taxpayer money, including the insurer AIG and the carmakers General Motors and Chrysler.

(This blog provide free 'stock market tips')

According to the latest official report on the state of Tarp at the end of 2009, 67 recipients had repaid all or part of their bail-out money, totalling more than $165.2bn. The Treasury had also received by the end of December $16.9bn in additional payments such as interest and dividends on its investments.

source: BBC news