Category Archives: News

Daily Business news, views and my opinions.

BIG BUCKS FOR BIG DATA-EMC CORP


EMC CORP.made a huge move and increased it’s Bet on “Big Data” by paying Isilon Systems Inc., a Seattle company that builds relatively low-cost systems for storing immense amounts of information.
according to EMC chief this deal would help them position better among customers when helping them in storing and managing data .
further the sources added the need for huge storage is gaining momentum at a rather rapid space among industries and this need would make them cut more deals similar to this.
This deal is one among the list of deals for EMC CORP.

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ICICI TO RAISE FUNDS!


India’s number 2 lender is planning to raise $150mn through low-tier bonds with a maturity period of 10 years.
Barclays Capital(BARC.L), Deutsche Bank(DBKGn.DE) and HSBC(HSBA.L) are the lead managers on the issue.the bond would have a low 7% range.the pricing would be released on tuesday or wednesday.
The bond market in India is on a high these days and ICICI are sure on making hay while the sunshines

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MARKET TODAY


Sell,Sell,Sell this was the momentum in the market.The bears plummeted the market to a low in a month. the market went down to it’s lowest in nearly 5 weeks.
Biggie:Bharti Airtel @313.45 @1.2%UP
Sloppy:Hindalco Inds. @211.90@5.4%DOWN

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NO MORE ‘RAJA OF IT’


Atlast, the telecom minister A.Raja has stepped out of the ministry himself following the footsteps of ashok chavan, shashi tharoor, etc..,. I was rather expecting this call only from yesterday, before yesterday i was sure he will not step down. but once i heard the news that he is meeting with T.N C.M and DMK Supremo Mr. Karunanidhi i thoght this is the end game . I call this a personal victory for Media who are expecting the News of resignation about the now X-minister every time there was talks of cabinet re-shuffle.but this time the pressure was way too high and the elections in T.N in the coming year. Karuna doe not want to take chances. the chanakya of T.N will make a much more greater step in keeping that post in DMK’s grasps. Whatever may had happened congress may have a huge sigh of relief. congress could not opt for AIADMk supremo’s open offer because of an terrible inconsistency of the party towards it’s allies and congress does not want to leave it’s growin relationship with DMK in T.N and does not want to play wit their slowly rising popularity in the region.
Raja may have resigned but we are GOING TO WITNESS A MASTER STROKE from the grand old man of T.N politics .

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MARKET TODAY


Bears haunt dalal street. the markets went down down down today the negative sentiments around the world sparked of the selling behavior today.This negative momentum was witnessed throughout the asian markets and is expected in other markets around the world.
Biggie: Bajaj Auto @1,581.45 @0.9%UP
Sloppy:DLF@327.20 @5.6%DOWN

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DOUBLE CHECK THE FII’S


In the present context of time and based on the scenarios and political views around the world one thing is for sure.The future of the world economy depends heavily upon China,India and to some extent Brazil , Turkey and etc..,. so the investors around the world have nowhere to go other than the Asian countries for great returns.so, what happens? the fii’s galore in the respective stock markets . In India the stock markets are zooming ahead and the major reason that was stated “FII’S”. yes, they are a good news to the market but the other side of it is the markets become very much dependent on the foreign investors rather than domestic investors which brings in the importance of a balanced economy around the world.which is an huge thing to achieve.so the dependence has to restricted by the controlling body SEBI.eventhough there are guidelines for FII’s the market is still a haven for foreign investors.the Government of India in a divestment mode does not want to stop the FII’s and there is a very meagre chance for stringent rules to come from SEBI.
i think SEBI knows this
“But better late than never”

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MARKET TODAY


After a consolidated run the past week, the market sure was losing momentum and was struggling to find direction. But today it found a direction which was negative and today the bears dominated the market with sensex sliding 286.62 pts.But Reliance Power alone found it’s way up
Biggie:Reliance Power @190.75 @10.0% UP
Sloppy:DLF @346.45@4.5%DOWN

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