joss dollar int rate of 5.5% means actually 11.5% as 6% is hedging rate to b added.If not hedged then currency risk is huge with Rs depreciation.Those cos who hv borrowed when Rs was 45 has to pay now Rs 55.50/$ i,e int rate of 5.5% plus rupee dep of 22% i,e real int rate is not 5.5% but 27.5%( without hedging) ...

Mahindras had said that it is a 3 year revival plan i.e. by june end this year ....one more month to go. They have REALLY kept up their word as evidenced by stability in turnover and increased profits every quarter of the year ended. LET US ACKNOWLEDGE this performance and not pre-judge their intent to deceive msat investors. A little partiality towards parent co is expected and understandable atleast to me....

Mahindras have made MS investers to suffer more than Raju did....

bookworm Not so bullish is conditional and speculation based on the annual report of RIL itself. It is interesting to note that at minehead the price of natural gas can be as low as 50 cents per mmBtu whereas a price of US$ 2 has been determined to be slightly profitable for shalegas in USA. Gas price is seen on the rise as per latest report in bloomberg: Energy PRICE* CHANGE % CHANGE TIME BRENT CRUDE FUTR (USD/bbl.) 109.170 0.360 0.33% 20:54 GAS OIL FUT (ICE) (USD/MT) 914.250 6.250 0.69% 20:52 HEATING OIL FUTR (USd/gal.) 286.850 0.820 0.29% 20:54 NATURAL GAS FUTR (USD/MMBtu) 2.646 0.037 1.42% 20:54 GASOLINE RBOB FUT (USd/gal.) 294.630 0.620 0.21% 20:49 WTI CRUDE FUTURE (USD/bbl.) 92.830 0.260 0.28% 20:53 http://t.in.com/8nbr Hence even if it is challenging this is one area where RIL can become bullish anytime and would like to have its own production going forward apart from the JVs....

Have investers dumped this company shares? Is the reputations of Mahindras is that bad?...

Survey says over 80% respondents said they do not even look at FB Ads clicking it is a far off Dream.. That poses a challenge as well as opportunity of Growth. Question is will they be able to do it.. Currently too high a price to pay for Opportunity in my mind and hence stock is falling. A typical case of value all future Growth in current price, and when that is done upsides are capped and downsides are deep....

sorry..... read any AD appear it....

Dear JK now keep cash,rest in person....

Dear JK ,,YES now only the real maths will start,scarcity in any village,country,world leads to rectification ,,,law of nature!!!!!...

Dear JK, All MS positives already seem swallowed and we await TM pan out and June 7th hopefully. On flip side MS is becoming a puzzle to unravel and on flop side, it is a nightmare to behold. With deserving UCs nowhere in sight, can we rechristen MS as MMS(Mahaan Mahindra Satyam). Cheers!...

tslk of the town is, who will become the next president? as a president wht mrs. Pratibha Devisingh Patil acheived so far?...

taking loan from overseas lenders at the rate of 4-5% is not a harm if it is utilised in a proper way like capex. it will be burden to the national economy if that borrowing loan amount invested in domestic bond market, bank fds to get risk free return to increase the other income of the company....

finally MS crosses the barrier of 72 mark which is its 200 dma. the q here is whether the momentum will continue from hereon post TM results????...

y RIL not seeing any pre open rally like other counters?...

can anybody explain how pre open works? is it a thamasha?...

Mr. Sangma is far far better than the speculated Pranab....

There are two domestic consumption theme in India is encouraging. One is IMFL due to cheap liquidity available in poor and lower middle class as well as changing lifestyle among the upper middle class and rich. 2nd is Healthcare. This is because of is growing decises among the same society of people. Do you want to witness these 2 growing consumption theme? Just visit road side wine shop and medical store. These are the two sectors in India one can invest to reap the growing domestic consumption theme....

TCI sets a 6-month deadline for govt to act on charges against Coal India

After lying low for a few weeks, The Children’s Investment Fund (TCI) has fired a fresh salvo at the Indian government, effectively setting a six-month deadline to act upon the allegations put forth by the foreign institutional investor in the matter of Coal India (CIL).

In its latest letter, TCI — which holds a little over 1% in Coal India — has asked the Indian authorities to come forward for ‘formal negotiations’ for an ‘amicable settlement’ of the issues that have been raised by the former on numerous occasions. Meanwhile, reports suggest that the coal ministry officials are not keen on meeting with representatives of TCI who had sought a meeting on May 29.

Further, TCI has categorically said that the letter is a notice under the agreement signed between India and Cyprus in 2002 for mutual promotion and protection of investments and further action will be taken if the government fails to act within six months.

“For the avoidance of doubt, this letter is written notification of TCI Cyprus` claim under Article 9 of the (India-Cyprus) Treaty,” says the three-page letter written on May 16.

“We, therefore, request that the government of the Republic of India enter into formal negotiations with TCI on behalf of TCI Cyprus seeking amicable settlement of these claims under the Treaty... Failing such settlements within six months, we reserve our rights to initiate arbitration in accordance with Article 9 of the Treaty,” it adds.

The letter has once again alleged that while the board of Coal India failed in its fiduciary duties, the government is forcing the board to abuse minority shareholders with illegal price controls. “The Republic of India`s recent conduct with respect to CIL has seriously impaired the business activities and operations of CIL and has contravened the Treaty,” says the letter.

TCI has alleged that it was wrong on part of the government to direct CIL to sell coal under Fuel Supply Agreements (FSA) at a discount of up to 70% compared to the international prices. Further, TCI has raised a red flag over the government decision of directing CIL to enter into additional FSAs with power companies wherein CIL will have to unconditionally guarantee supplies or face severe financial penalties.

“TCI Cyprus fully reserves all of its rights against India, including the right to claim compensation for the harm caused to its investments by these violations, both under the Treaty and any other applicable instrument,” says TCI.

The foreign investor has already written many letters to the board of directors of CIL and the secretary of the ministry of coal, alleging that while the board failed in its fiduciary duties, the government is forcing the board to abuse minority shareholders with illegal price controls.

http://t.in.com/anVg...

Shareholders quitting Reliance....... http://t.in.com/1nY8...

for MS, mahindras are not so transparent towards its investors and market participants....

ET Report. Reliance Industries not so bullish on its Shale Gas business:http://t.in.com/7n1d

Reliance Industries` shale gas business is going great guns, notes the company in its annual report for FY12 published today. Its production jumped 7-fold within one year, but problems such as low gas prices, high costs and infrastructure constraints to overcome.

The company`s joint ventures will have to look for more liquid rich gas and cut costs to make their investments profitable. In 2010 RIL had entered into three joint ventures (JVs) in the US shale gas assets.

These were the JVs with Chevron and Carrizo in Marcellus shale play of Pennsylvania and Pioneer Natural Resources in Eagle Ford shale Play of South Texas. In addition, RIL also partnered with Pioneer to develop hydrocarbon-transporting pipelines.

FY 2011-12 represented a significant year of growth for RIL`s shale gas business. "As a result of these efforts, gross production from all three JV reported an exit rate of 233 million metric cubic feet per day (MMCFPD) of gas and 34.7 thousand barrels per day of liquids in December 2011 (a 7 fold increase on year-on-year basis)," mentioned the RIL`s annual report.

Pioneer JV was the biggest contributor to this, from which RIL`s production share stood at 41.7 billion cubic feet equivalent (BCFe). With approximately 59% of the total production coming out as liquids this JV will continue to dominate RIL`s revenues from shale assets in the US even in FY13.

In comparison Chevron and Carrizo JVs put together produced 10.7 BCFe as RIL`s share during the year. Chevron JV`s production was hampered due to regulatory and other delays, which should ease by mid-2012.

In spite of the growing production, low natural gas prices are making things difficult for the producers. "In 2011 the natural gas production in the US increased to 4.8 billion cubic feet per day (BCFD) - a year-on-year increase of 7.9%, which is the largest increase ever recorded," notes RIL. As the demand failed to grow in line with the supplies US gas inventories bulged to record levels and the natural gas prices fell to 10-year low levels.

Nevertheless, the shale gas exploration and production efforts continue unabated as players focus on liquid rich locations where natural gas is merely a by-product. Such a scenario makes sure that the natural gas prices will continue to remain depressed until there is substantial jump in demand or export of LNG becomes possible - both of which are several years away.

This makes the outlook difficult for the US shale gas players. RIL acknowledges, "FY 2012-13 will be a challenging year for shale gas, given the continuous weak gas prices, increasing wells costs in Eagle Ford due to market pressures and the need for drilling activity obligations to hold certain oil and gas leases, which will potentially expire in the near term." ...

Mahindra Satyam - 4QFY2012 Result Update - Angel Broking

Mahindra Satyam (Satyam) reported its 4QFY2012 results, which were ahead of ours as well as street`s expectations on all fronts. The major highlight of the result was considerable expansion in operating margin despite INR appreciation. The company is back on its growth track after two years of metamorphosis undertaken by Tech Mahindra`s management post its acquisition in June 2009. We continue to maintain our Buy rating on the stock.

Quarterly highlights: For 4QFY2012, Satyam reported revenue of US$337mn, up 3.7% qoq, led by 1.9% qoq volume growth. In INR terms, revenue came in at Rs.1,666cr, down 3.0% qoq due to INR appreciation against USD during the quarter. The company`s EBITDA and EBIT margin increased by 132bp and 107bp qoq to 17.5% and 15.0%, respectively, aided by reduction in rental expenditure and some one-time costs reversals. PAT stood tall at 534cr, up 73.2% qoq, aided by one-time gain of Rs.109cr and deferred tax asset of Rs.162cr. PAT, adjusted for one-time gain, came in at Rs.425cr, up 38% qoq.

Outlook and valuation: Satyam has enterprise business solutions (EBS) (~40% of its revenue) and manufacturing (~32% of its revenue) showing modest traction. The company expects this service and vertical, respectively, to bolster growth and help it to track the industry`s growth rate. We expect the company`s core competence in EBS to supplement growth and post a 10.4% and 10.5% CAGR in USD and INR revenue, respectively, over FY2012-14E. On the operating front, Satyam scaled up its margins from 8.8% in FY2011 to 16.0% in FY2012 on the back of factors such as INR depreciation and rationalization of employee pyramid. On the EBITDA front, the company is expected to post a 10.3% CAGR over FY2012-14E. We value the stock at 11x FY2014E EPS, which gives a target price of Rs.86. We maintain our Buy rating on the stock....