1) O artigo analisa o esquema analítico desenvolvido por Nicholas Kaldor em 1938 para estudar a estabilidade da situação de pleno emprego.
2) Kaldor argumenta que manter a economia em pleno emprego é mais difícil do que levá-la a esse estado, pois requer condições raramente atendidas na realidade.
3) O esquema define pleno emprego com base em hipóteses sobre tecnologia e mostra que a igualdade entre poupança e investimento é necessária para a sustentabilidade desse estado.
See Chart of Central Govt Expenditure vs GDP Growth in Narnolia Securities Limited Market Diary 7.2.2014
http://www.narnolia.com/index.php/category/archieve/market-diary/
Ecovillage Design Education programmes, commonly referred to as 'EDEs', are a 125 hour courses which have been carried out over 190 times in more than 34 countries on six continents since 2006. More than 5,000 people have participated in these sustainable design programmes worldwide!
The EDE programmes are meant for anyone wishing to learn about sustainability principles, and especially for those who might like to teach the EDE in their local area. Feel free to download the open source Ecovillage Design Curriculum in different languages from our web page www.gaiaeducation.net.
El documento describe el diagnóstico estratégico de una organización llamada Nature's Garden. El diagnóstico estratégico analiza el ambiente interno y externo de la organización para identificar sus fortalezas, debilidades, oportunidades y amenazas. Esto permite a la organización determinar su posición actual y futuros cursos de acción para alcanzar sus objetivos. El documento también proporciona detalles sobre los productos y servicios de Nature's Garden.
This document provides an overview of a post graduate diploma program in PR and exhibitions management. The first lecture introduces marketing public relations (MPR) and discusses understanding audience behavior and information dissemination. It also covers managing PR activities like trade shows, press conferences, and news articles. The lecture teaches how MPR can add value through building credibility, trust and long-term relationships. The assignment is due after the next course.
The document provides several stock recommendations and analyses:
- It recommends buying RTNPOWER near Rs. 8.65, with price targets of Rs. 9.05 and Rs. 9.35, as the stock is rising in an impulse pattern and stochastic is supporting further gains.
- It recommends buying POLARIS near Rs. 207, as the stock has confirmed a wave 4 low and is expected to resume its impulse move, with price targets of Rs. 217.50 and Rs. 223.
- It recommends buying PRESTIGE near Rs. 249, as the stock has confirmed the low of a corrective wave 2 and is expected to rise in wave 3 of a major trend to price targets of Rs
1) O artigo analisa o esquema analítico desenvolvido por Nicholas Kaldor em 1938 para estudar a estabilidade da situação de pleno emprego.
2) Kaldor argumenta que manter a economia em pleno emprego é mais difícil do que levá-la a esse estado, pois requer condições raramente atendidas na realidade.
3) O esquema define pleno emprego com base em hipóteses sobre tecnologia e mostra que a igualdade entre poupança e investimento é necessária para a sustentabilidade desse estado.
See Chart of Central Govt Expenditure vs GDP Growth in Narnolia Securities Limited Market Diary 7.2.2014
http://www.narnolia.com/index.php/category/archieve/market-diary/
Ecovillage Design Education programmes, commonly referred to as 'EDEs', are a 125 hour courses which have been carried out over 190 times in more than 34 countries on six continents since 2006. More than 5,000 people have participated in these sustainable design programmes worldwide!
The EDE programmes are meant for anyone wishing to learn about sustainability principles, and especially for those who might like to teach the EDE in their local area. Feel free to download the open source Ecovillage Design Curriculum in different languages from our web page www.gaiaeducation.net.
El documento describe el diagnóstico estratégico de una organización llamada Nature's Garden. El diagnóstico estratégico analiza el ambiente interno y externo de la organización para identificar sus fortalezas, debilidades, oportunidades y amenazas. Esto permite a la organización determinar su posición actual y futuros cursos de acción para alcanzar sus objetivos. El documento también proporciona detalles sobre los productos y servicios de Nature's Garden.
This document provides an overview of a post graduate diploma program in PR and exhibitions management. The first lecture introduces marketing public relations (MPR) and discusses understanding audience behavior and information dissemination. It also covers managing PR activities like trade shows, press conferences, and news articles. The lecture teaches how MPR can add value through building credibility, trust and long-term relationships. The assignment is due after the next course.
The document provides several stock recommendations and analyses:
- It recommends buying RTNPOWER near Rs. 8.65, with price targets of Rs. 9.05 and Rs. 9.35, as the stock is rising in an impulse pattern and stochastic is supporting further gains.
- It recommends buying POLARIS near Rs. 207, as the stock has confirmed a wave 4 low and is expected to resume its impulse move, with price targets of Rs. 217.50 and Rs. 223.
- It recommends buying PRESTIGE near Rs. 249, as the stock has confirmed the low of a corrective wave 2 and is expected to rise in wave 3 of a major trend to price targets of Rs
The Indian equity markets ended the week on a mixed note, with the Sensex declining 0.89% while the Nifty closed 0.80% lower. Several companies such as Everest Industries, Emami, Gati, Visaka Industries, Equitas Holdings and Shoppers Stop have their concall scheduled for today. The markets will continue to watch out for developments around the French elections and movement in US bond yields.
- Indian equity indices gave sharp gains, with the Nifty closing at 9,407.30, up 0.97% led by gains in FMCG, auto and pharmaceutical stocks. Midcap and smallcap indices underperformed.
- Tea production in India fell 21% in March due to dry weather affecting major producing state Assam.
- High concentration of open interest at the 9,300 Nifty put option showed its strength, propelling the Nifty above 9,400.
1. HUDCO is a wholly-owned Indian government company with over 46 years of experience providing loans for housing and urban infrastructure projects.
2. The company's loan book has been growing at a CAGR of 7.5% over the last 4 years, and it is expected to benefit from initiatives like the Pradhan Mantri Awas Yojna aimed at increasing housing.
3. HUDCO is attractively priced at 1.4 times its book value, with a return on equity of 7.6%. The high capital adequacy ratio of 63.9% eliminates the risk of equity dilution in the near term.
INGVYSYA BANK: "BUY" 28th Mar 2014
- INGVYSYA Bank has not participated in recent market rally despite strong liability franchise and stable asset quality due to political uncertainty in Andhra Pradesh.
- Business is now normalizing as both the new states of Telangana and Seemandhra are witnessing improving economic activity.
- The stock is available at an attractive valuation of Rs. 680 per share, which implies a price to book value of 1.8 times for FY14.
Narnolia Securities Limited see Coal India at a attractive valuation to go long from the current dips. So we stick to our previous estimates with revised price premium and recommend Maintain Buy CIL at price dips with a revised target price of Rs.318/-. Which is ~13% upside from the current level.
Narnolia Securities Limited have raised our target price largely due to two factors –(1) margin and return ratio likely to improve from April quarter as permanagement and (2) price would settle at 3.2 times of FY14E book due to showing some positive upturn in economy and boost up of market sentiment. Narnolia Securities Limited recommend buy stock of Indusind bank price target of Rs.540
Jindal Steel & Power is undergoing $9 billion in steel and power expansion projects backed by resource availability and cash flows. Profitability depends on iron ore and coal prices, which are improving. The stock trades at 1.1x FY14 P/B. The analyst initiates coverage with a neutral rating and target price of Rs. 285, citing improving steel business fundamentals but challenging near-term profitability.
Narnolia Securities Limited cover Persistent System as one of the few companies in the tier-II with potential to grow revenue at a range of 18-20%. Considering the company’s premium valuation, we advice “Book Profit” on the stock. At a CMP of Rs 1059, stock trades at 13.4x FY15E earnings. Our view could be change with management guidance, higher currency flactuations and post earnings of coming quarter
1) TCS management commented on its Q4 FY2014 earnings call that revenue growth will be lower than the previous quarter due to weak seasonality, and margins will decline 40-50 bps due to currency movements and higher investments.
2) However, the outlook for FY2015 is positive as management expects robust demand and healthy growth across markets except India.
3) While Q4 growth may be lower than expected, TCS' strong fundamentals including a healthy deal pipeline and focus on emerging technologies support maintaining a "Buy" rating with a target price of Rs. 2510 per share.
Narnolia Securities Limited expect that the KPIT Tech company would report better earnings with margin ramp up and signing of larger deals in next couple of quarters. Now, we upgrade our view on the stock from “Neutral” to “Buy” with a price target of Rs 185. At a CMP of Rs 160, stock trades at 9.5x FY15E EPS.
Narnolia Securities Limited believe the ACC Limited stock's fundamental is still good and price too cheap also , but for the earning upgradation and revised target price we would like to see the 1st quarter earnings,hence we recommend Book Profit on the stock at a price range between Rs.1253 to Rs.1310. Also Hold the Stock of ICIC Bank. For more information please go through this PDF
Narnolia Securities Limited are positive to buy stock of Tata Steel Ltd, V-Guard Industries Ltd and Infosys with target prize Rs.401, Rs.525, Rs 3760 respectively. Also Book profit on Axis bank Stock
Considering management’s aggressive expansion in production capacity and marketing network, Narnolia Securities Limited believe company can deliver good growth in coming years. Further, we expect the company to benefit immensely from the subdued steel prices currently. Narnolia Securities Limited expect the benefit to flow in for the next coming quarters as well. We recommend a "Buy" rating on stock with price target of Rs. 105
HCL tech’s decent level of utilization, focused on cost control andutilization of new market opportunities through vendor’s consolidation would provide a new shape to the company in near future. Narnolia Securities Limited retain BUY onthe stockand revised our target price from Rs 1560 to Rs 1650.
Narnolia Securities Limited believe Bank of Baroda would rally more because of trading at lower side despite of index is running at all time high. But with this fundamental Bank of Baroda would trade in range of Rs.625 to Rs.700 depending upon sentiment as per our view.
The Prestige Estate has moved up form starting of CY12, peaked in May13, then went down gradulally. Narnolia Securities Limited do not recommend additional investment in this stock despite its gains in the current period.
Narnolia Securities Limited recommend on Dabur India Ltd “Buy” view on the stock with a target price of Rs206 as well as CAN FIN HOME stock with price target of Rs.220. Neutral view on DB CORP Share
Narnolia Securities Limited initiated Swaraj Engines Ltd stock CMP of INR 61, the stock discounts its FY14E EPS of Rs. 54.20 by 12.0x and FY15E EPS of Rs. 61.7 We advice to book profit on the stock and BUY rating to the stock of Hindustan Zinc LTD with a target price of Rs. 148
Narnolia Securities Limited initiated Swaraj Engines Ltd stock CMP of INR 61, the stock discounts its FY14E EPS of Rs. 54.20 by 12.0x and FY15E EPS of Rs. 61.7 We advice to book profit on the stock and BUY rating to the stock of Hindustan Zinc LTD with a target price of Rs. 148
Escorts reported strong tractor volume growth in February 2014, with domestic sales up 6.8% YoY to 4,581 tractors. The company remains positive on growth prospects in FY2014 and beyond, expecting demand to improve with economic recovery. While cautious on the construction equipment segment, analysts revised estimates and rating on Escorts from "Reduce" to "Buy" with a revised target price of Rs. 175. The positive tractor volume performance in CY2013 and expected further demand growth support maintaining a positive view on the stock.
The Indian equity markets ended the week on a mixed note, with the Sensex declining 0.89% while the Nifty closed 0.80% lower. Several companies such as Everest Industries, Emami, Gati, Visaka Industries, Equitas Holdings and Shoppers Stop have their concall scheduled for today. The markets will continue to watch out for developments around the French elections and movement in US bond yields.
- Indian equity indices gave sharp gains, with the Nifty closing at 9,407.30, up 0.97% led by gains in FMCG, auto and pharmaceutical stocks. Midcap and smallcap indices underperformed.
- Tea production in India fell 21% in March due to dry weather affecting major producing state Assam.
- High concentration of open interest at the 9,300 Nifty put option showed its strength, propelling the Nifty above 9,400.
1. HUDCO is a wholly-owned Indian government company with over 46 years of experience providing loans for housing and urban infrastructure projects.
2. The company's loan book has been growing at a CAGR of 7.5% over the last 4 years, and it is expected to benefit from initiatives like the Pradhan Mantri Awas Yojna aimed at increasing housing.
3. HUDCO is attractively priced at 1.4 times its book value, with a return on equity of 7.6%. The high capital adequacy ratio of 63.9% eliminates the risk of equity dilution in the near term.
INGVYSYA BANK: "BUY" 28th Mar 2014
- INGVYSYA Bank has not participated in recent market rally despite strong liability franchise and stable asset quality due to political uncertainty in Andhra Pradesh.
- Business is now normalizing as both the new states of Telangana and Seemandhra are witnessing improving economic activity.
- The stock is available at an attractive valuation of Rs. 680 per share, which implies a price to book value of 1.8 times for FY14.
Narnolia Securities Limited see Coal India at a attractive valuation to go long from the current dips. So we stick to our previous estimates with revised price premium and recommend Maintain Buy CIL at price dips with a revised target price of Rs.318/-. Which is ~13% upside from the current level.
Narnolia Securities Limited have raised our target price largely due to two factors –(1) margin and return ratio likely to improve from April quarter as permanagement and (2) price would settle at 3.2 times of FY14E book due to showing some positive upturn in economy and boost up of market sentiment. Narnolia Securities Limited recommend buy stock of Indusind bank price target of Rs.540
Jindal Steel & Power is undergoing $9 billion in steel and power expansion projects backed by resource availability and cash flows. Profitability depends on iron ore and coal prices, which are improving. The stock trades at 1.1x FY14 P/B. The analyst initiates coverage with a neutral rating and target price of Rs. 285, citing improving steel business fundamentals but challenging near-term profitability.
Narnolia Securities Limited cover Persistent System as one of the few companies in the tier-II with potential to grow revenue at a range of 18-20%. Considering the company’s premium valuation, we advice “Book Profit” on the stock. At a CMP of Rs 1059, stock trades at 13.4x FY15E earnings. Our view could be change with management guidance, higher currency flactuations and post earnings of coming quarter
1) TCS management commented on its Q4 FY2014 earnings call that revenue growth will be lower than the previous quarter due to weak seasonality, and margins will decline 40-50 bps due to currency movements and higher investments.
2) However, the outlook for FY2015 is positive as management expects robust demand and healthy growth across markets except India.
3) While Q4 growth may be lower than expected, TCS' strong fundamentals including a healthy deal pipeline and focus on emerging technologies support maintaining a "Buy" rating with a target price of Rs. 2510 per share.
Narnolia Securities Limited expect that the KPIT Tech company would report better earnings with margin ramp up and signing of larger deals in next couple of quarters. Now, we upgrade our view on the stock from “Neutral” to “Buy” with a price target of Rs 185. At a CMP of Rs 160, stock trades at 9.5x FY15E EPS.
Narnolia Securities Limited believe the ACC Limited stock's fundamental is still good and price too cheap also , but for the earning upgradation and revised target price we would like to see the 1st quarter earnings,hence we recommend Book Profit on the stock at a price range between Rs.1253 to Rs.1310. Also Hold the Stock of ICIC Bank. For more information please go through this PDF
Narnolia Securities Limited are positive to buy stock of Tata Steel Ltd, V-Guard Industries Ltd and Infosys with target prize Rs.401, Rs.525, Rs 3760 respectively. Also Book profit on Axis bank Stock
Considering management’s aggressive expansion in production capacity and marketing network, Narnolia Securities Limited believe company can deliver good growth in coming years. Further, we expect the company to benefit immensely from the subdued steel prices currently. Narnolia Securities Limited expect the benefit to flow in for the next coming quarters as well. We recommend a "Buy" rating on stock with price target of Rs. 105
HCL tech’s decent level of utilization, focused on cost control andutilization of new market opportunities through vendor’s consolidation would provide a new shape to the company in near future. Narnolia Securities Limited retain BUY onthe stockand revised our target price from Rs 1560 to Rs 1650.
Narnolia Securities Limited believe Bank of Baroda would rally more because of trading at lower side despite of index is running at all time high. But with this fundamental Bank of Baroda would trade in range of Rs.625 to Rs.700 depending upon sentiment as per our view.
The Prestige Estate has moved up form starting of CY12, peaked in May13, then went down gradulally. Narnolia Securities Limited do not recommend additional investment in this stock despite its gains in the current period.
Narnolia Securities Limited recommend on Dabur India Ltd “Buy” view on the stock with a target price of Rs206 as well as CAN FIN HOME stock with price target of Rs.220. Neutral view on DB CORP Share
Narnolia Securities Limited initiated Swaraj Engines Ltd stock CMP of INR 61, the stock discounts its FY14E EPS of Rs. 54.20 by 12.0x and FY15E EPS of Rs. 61.7 We advice to book profit on the stock and BUY rating to the stock of Hindustan Zinc LTD with a target price of Rs. 148
Narnolia Securities Limited initiated Swaraj Engines Ltd stock CMP of INR 61, the stock discounts its FY14E EPS of Rs. 54.20 by 12.0x and FY15E EPS of Rs. 61.7 We advice to book profit on the stock and BUY rating to the stock of Hindustan Zinc LTD with a target price of Rs. 148
Escorts reported strong tractor volume growth in February 2014, with domestic sales up 6.8% YoY to 4,581 tractors. The company remains positive on growth prospects in FY2014 and beyond, expecting demand to improve with economic recovery. While cautious on the construction equipment segment, analysts revised estimates and rating on Escorts from "Reduce" to "Buy" with a revised target price of Rs. 175. The positive tractor volume performance in CY2013 and expected further demand growth support maintaining a positive view on the stock.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
See the Chart of Monthly DII Flows (US$ mn)in Narnolia Securities Limited Market Diary 20.03.2014
1. 19th March 2014
MARKET DIARY
Index ↓
Contents Page Coverage ↓
3 UPDATE ↑
4 UPDATE ↑
↓
↓
↓
↓
NATURALGAS
Mar,14
(6577.51)
12034.78
DII
Net(Cr.)Investor Buy(Cr.) Sale(Cr.)
2014 164635.85
1328.84 (610.96)
EW ALL SHARE 10272.01
1,52,601.07
48516.85
INSTITUTIONAL TURNOVER
3,585.54
36,275.32
Net(Cr.)
COPPER 407.60
45779.00
GOLD 29997.00
2014 60996.33
15173.98 20,582.97 (5408.99)
67,573.84
(5.20)
34.50
6573.12 (32.15)
14357.59 (98.51)
4308.06
9277.5
1069.74
(3.27)
EURO/RS. 84.24
Narnolia Securities Ltd.
124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196
email: research@narnolia.com, website : www.narnolia.com
POUND/RS. 100.82
MARKET
Name Value Change
Sensex 21832.86 0.25
106.06
19th Mar, 14
SILVER
Nifty 6524.05
12241.53
7.40
COMMODITY PRICE
CRUDEOIL
ValueCOMMODITY/CURRENCIES
NASDAQ
CAC
19th Mar, 14 4655.28
DAX
NIKKIE
Economic calendar
DOW 16222.17 (114.02)
4307.63 (25.71)
DOLLAR/RS. 60.95
Chart of the Day
273.00
News
Buy(Cr.)Investor
FTSE
Index Action-Nifty (19th, Mar, 14) Mar,14
Monthly DII Flows ( US$ mn )
HANG SENG
FII
Sale(Cr.)
21370.47
1,939.80
(198.22)
Quote of The
"We don't have to be smarter than the
rest; we have to be more disciplined than
the rest." Warren Buffett
SGX NIFTY : 6520
( 31.50 pts Down )
2. NIFTY SNAPSHOT
Nifty Spot
6547
Nifty Apr 2014 Future
19953650
Nifty Apr 2014 Open Interest 3209900
6514
21 DMA of Spot NIfty GRAPH
6229
VOLATILITY INDEX (VIX)
1.18
Nifty (Mar Series) Option OI Distribution:
Index Outlook
Activity of Nifty (Mar Series) Strike FIIs Activity (Fig in Cr)
CALL PUT Segment Buy Sell Net
OI % Chng OI % Chng
6200 1839900 -1.7 6132500 1.9 INDEX FUTURE 1,664 2,343 (679)
6300 2099750 -3.6 5137300 -6.3 INDEX OPTION 15,410 14,970 441
6400 2972550 -4.7 6269700 0.7 STOCK FUTURE 2,807 3,375 (568)
6500 4593450 3.4 6171450 12.2 STOCK OPTION 1,972 2,000 (28)
6600 5229550 0.8 2601500 13.1 TOTAL 21,854 22,688 (834)
6700 4332350 8.4 694050 1.6
Fresh Long Seen In (Rising OI -Rising Price) Fresh Shorts Seen In: (Rising OI -Falling Price)
Scrip OI OI ch% CMP Ch% Scrip OI OI ch% CMP Ch%
PETRONET 18,42,000 33.5 135.1 5.8 TATAPOWER 211,02,195 13.0 79.5 -1.9
CESC 8,62,000 13.0 470.0 1.1 INFY 31,73,500 12.6 3271.6 -2.3
BATAINDIA 5,15,500 10.1 1126.6 3.4 COALINDIA 100,76,000 9.5 263.3 -2.6
AXISBANK 63,21,500 7.0 1386.2 2.8 IOC 37,37,000 8.9 261.0 -2.8
SAIL 315,44,000 6.9 56.5 1.9 GAIL 50,01,000 8.6 360.1 -2.5
PCR (OI) RISING PCR (OI) FALLING
STOCK T1 T2 STOCK T1 T2
UPL 0.41 0.24 GAIL 0.33 0.54
MCDOWELL-N 0.43 0.31 M&M 0.47 0.77
TATASTEEL 0.86 0.66 ONGC 0.81 1.07
ASIANPAINT 0.53 0.40 COALINDIA 0.65 0.82
IGL 0.40 0.31 PETRONET 0.30 0.37
Derivative Research
6524.05(+7.40)
6596
16.88(-0.24)
50 DMA of Spot Nifty
Nifty Mar 2014 Open Interest
Nifty Mar 2014 Future
7 DMA of Spot Nifty
PUT CALL RATIO
6327
3. Top Performers 1D % Change Top Performers 1W % Change
Top Performers
1M
% Change
POLARIS 19.99 PRAKASHCON 42.86 BHEEMACEM 88.69
IGARASHI 19.99 RATNAMANI 38.76 V2RETAIL 83.73
SEAMECLTD 19.94 INDBANK 34.86 SPECTACLE 75.00
MARKSANS 19.83 SUMMITSEC 34.36 VASCONEQ 72.79
PRAKASHCON 16.88 AHLUCONT 32.91 AHLUCONT 67.79
Worst Performers
1D
% Change
Worst Performers
1W
% Change
Worst Performers
1M
% Change
LANCORHOL (8.64) PRITI (33.85) SUNDARAM (74.84)
SHREEKRPOL (8.00) AANJANEYA (24.01) KAVVERITEL (43.17)
PARACABLES (7.95) SUNDARAM (22.14) MAHAPOL (42.29)
IL&FSENGG (7.85) VAARAD (21.88) STRAUSIND (40.99)
SHARRESLTD (7.47) SIGRUN (18.75) SOUISPAT (35.60)
• South Africa Head Office said that South African Retail Sales rose to 6.8%, from 2.7% in the preceding month whose figure was revised down
from 3.5%. Analysts had expected South African Retail Sales to fall to 2.9% last month.
• Alstom T&D has secured a Rs 1610 million contact from PowerGrid for the extension of air-insulation substations at 14 sites across five indian
states & 765 KV reactors at Bhiwani . The expansion will reduce transmission line overloading & improve grid stability in north India . The order is
5% of sales .
• PFC Consulting, a wholly owned subsidiary of Power Finance Corporation, has transferred on March 12, 2014, its wholly owned subsidiary
namely RAPP Transmission Company to Sterlite Grid, successful bidder selected through Tariff based Competitive Bidding Guidelines for
Transmission services issued by Ministry of Power, Government of India.
• U.K. Office for National Statistics said that the claimant count fell by a seasonally adjusted 34,600 last month, compared to expectations for a
decline of 25,000 people. January’s figure was revised to a drop of 33,900 people from a previously reported decline of 27,600.
• BANKBORADA , Q4FY14 Advance Tax No : +2.86 % ( 360 Cr in Q4FY14 Vs 350 Cr in Q4 FY 13 ) . BANKINDIA , Q4FY14 Advance Tax No : -36.71 %
( 500 Cr in Q4FY14 Vs 790 Cr in Q4 FY 13 ) . CENTRALBANK , Q4FY14 Advance Tax No : +4.64 % ( 158 Cr in Q4FY14 Vs 151 Cr in Q4 FY 13 ) . ACC ,
Q4FY14 Advance Tax No : -50 % ( 110 Cr in Q4FY14 Vs 220 Cr in Q4 FY 13 ) . AMBUJA , Q4FY14 Advance Tax No : -39.28 % ( 170 Cr in Q4FY14 Vs
280 Cr in Q4 FY 13 ) . TCS , Q4FY14 Advance Tax No : +88.33 % ( 1130 Cr in Q4FY14 Vs 600 Cr in Q4 FY 13 ) . HDFC , Q4FY14 Advance Tax No :
+5.26 % ( 500 Cr in Q4FY14 Vs 475 Cr in Q4 FY 13 )
• Shriram City Union Finance a Shriram group company has filed the Draft Prospectus for a public issue of NCDs aggregating upto Rs 100 crore
with an option to retain over-subscription upto Rs 100 crore for issuance of additional NCDs, aggregating to a total of upto Rs 200 crore.
• Sun TV Network has executed a formal contract with YouTube and iTunes to facilitate the sale of Sun TV proprietary content on a pay for view
basis to customers living across the world.
• Japan’s exports in February rose 9.8 per cent from a year earlier to ¥5.8 trillion ($56.9 billion), marking the 12th consecutive month of
increased exports .
Markets Snapshot
Top Price Performers
Worst Price Performers
• Polaris Mgt Guideline : Polaris initiated the demerger process around 18 months to 2 years ago after looking at the opportunities in technology-
related financial services market . Polaris will continue to run the services business with a strong vertical and solution focus. Its products business
contributes around 22.7 percent to the total revenue, while services business contribute the remaining. The EBITDA margins for the services
business is over Rs 300 crore, and has an EPS at around Rs 20 per share, while products business is marginally loss-making because of higher sales
and marketing investment. Going forward, the company will be investing another Rs 100 crore in sales & marketing for products business .
Top News :
• Entertainment Network India Ltd Mgt Guideline : Company says bulk of political advertising is expected in April due to Election which there is
a possibility of a hike in ad pricing. ENIL says that they are confident of maintaining margins at Q3 levels anticipating Q1 of FY15 to be even better
on account of better ad revenues.
4. Monday Tuesday Wednesday Thursday Friday
17-Mar-14 18-Mar-14 19-Mar-14 20-Mar-14 21-Mar-14
US
Empire State Manufacturing Index ,
TIC Long-Term Purchases , Capacity
Utilization Rate , Industrial
Production m/m , NAHB Housing
Market Index .
Building Permits , Core CPI m/m ,
Housing Starts .
FOMC Economic Projections , FOMC
Statement , Federal Funds Rate , Crude Oil
Inventories , FOMC Press Conference .
Unemployment Claims , Existing Home Sales
, Philly Fed Manufacturing Index , Flash
Manufacturing PMI , Bank Stress Test Results
,
UK/EURO
ZONE
German Buba Monthly Report , CPI
y/y , Core CPI y/y , CBI Industrial
Order Expectations .
German Constitutional Court Ruling ,
German ZEW Economic Sentiment ,
ZEW Economic Sentiment , Trade
Balance .
Claimant Count Change , MPC Asset
Purchase Facility Votes , MPC Official Bank
Rate Votes , Unemployment Rate ,
Average Earnings Index 3m/y , BBA
Mortgage Approvals , Annual Budget
Release.
German PPI m/m , French Flash
Manufacturing PMI , French Flash Services
PMI , German Flash Manufacturing PMI ,
German Flash Services PMI , Flash
Manufacturing PMI , Flash Services PMI ,
Retail Sales m/m .
Current Account , Public Sector Net
Borrowing , Belgian NBB Business
Climate , Consumer Confidence .
INDIA Advance Tax No
Economic Calendar
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