Archive for November, 2008
Indian Terrorist Attacks Have No Direct Implications For The Sovereign Ratings
SINGAPORE Nov. 28, 2008–Standard & Poor’s Ratings Services today said it does not believe the terrorist attacks in India will have a direct effect on the sovereign ratings on India (BBB-/Stable/A-3), provided they are an isolated case.
“Based on the scenario that these attacks were an isolated case, we don’t expect there would be negative implications [...]
Mumbai Terror Attacks: Edelweiss Impact report
Further to the Terror attacks on Mumbai over the past 48 hours, Edelweiss has put together an impact analysis for your consideration.
Comments from the Edelweiss team:
We do not see any long term impact of the terrorist attacks on the economy or the capital markets though some weakness is likely in the near term. The city [...]
Share Khan update on Housing Development Finance Corporation
Stands out in crowd
The ongoing turmoil in the global financial markets has led to an unprecedented liquidity crunch across the world. The Indian equity markets have been no exception and the domestic benchmark indices have corrected by over 50% from their January 2008 peak. Real estate companies and non-banking finance companies (NBFCs) have been hit [...]
I-Sec update on Reliance Industries Ltd (RIL)
Reliance Industries’ (RIL) stock price has fallen 53% in the past three months and has underperformed the Sensex 12% on account of falling refining and petchem margins. This was mainly owing to global demand slowdown, concerns over the RIL-Reliance Natural Gas Resources (RNRL) court case and the delay in production from Reliance Petroleum (RPL) refinery. [...]
Keynote Capitals on Sensex and impact of key economy indicators
The Indian stock market has been incessantly correcting over the last ten months or so. We attempted to establish links between the market performance (as captured by movements of the BSE Sensex) and some key indicators such as inflation, money supply, index of industrial production (IIP), GDP, credit growth and interest rates.
The attached note contains [...]
Reliance Money launches Reliance Money Mall.com
Offers India’s largest online portfolio of financial products
Mumbai, November, 2008: Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, today announced the launch of its e-commerce web portal www.RelianceMoneyMall.com, offering India’s largest online range of financial products to its customers.
The announcement was made by Mr. Sudip Bandyopadhyay, Director and CEO, Reliance Money here today.
The [...]
Myspace appoints hari v. Krishnan country manager of myspace india
Krishnan to Oversee Strategy and Operations in India for the World’s Premier Social Network
MUMBAI, November 21, 2008 – MySpace, the world’s premier social network, today announced the appointment of Hari V. Krishnan to the post of Country Manager for MySpace India. In his new role, Krishnan is responsible for overseeing strategy and operations for the [...]
Dabur India Acquires 72.15% Of Fem Care Pharma
· Plans Open Offer For Additional 20% Shares
· Values Fem Care At Rs 282.4 Crores
Mumbai, November 21st, 2008: Dabur India Ltd today announced the acquisition of 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women’s skin care products market, for Rs 203.7 Crores in an all-cash deal.
The board of directors of [...]
ICRA reaffirms highest credit quality ratings to debt programmes of ICICI Bank Limited
ICRA has reaffirmed the LAAA (pronounced L triple A) rating with stable outlook for the Subordinated Debt Programme and the existing Long-Term Bonds Programme of ICICI Bank Limited (IBL), indicating highest credit quality. The rated instruments carry lowest credit risk. ICRA has also reaffirmed the MAAA (pronounced M triple A) rating, indicating highest credit quality [...]
India Infoline on Market Strategy
The winds of change continue to blow away from markets world over. The seven-day rout, which has knocked off about 20% from the key indices, is likely to continue, at least in the early part of today’s session. And, no prices for guessing the reason behind our grim forecast! Market participants will continue to pay [...]
