the spoiled beliefs do not improve any centi-mental will be state of share buyers...

-MMB Moderator...

-MMB Moderator...

-MMB Moderator...

-MMB Moderator...

This will touch 35 soon!...

very good. pls read twice very carefully to make a decision. The company’s consolidated revenues during the quarter grew at 21 per cent to Rs 1,666 crore as compared to Rs 1,375 crore for the same period last fiscal. Vineet Nayyar, chief executive of Tech Mahindra. Reuters “This quarter we had a benefit of 1.3 percent on currency rate. The growth was largely volume driven. Efficiency levels are also pretty significant in this quarter,” Mahindra Satyam CFO Vasant Krishnan said. On the outlook for the current fiscal, company’s chairman Vineet Nayyar said though the global economic situation appears to be bleak at this point of time, the company would try to maintain the current level of growth. “Economic prognosis at this point time is uncertain. There are large numbers of contradictions in Europe. This is going to have an impact on business, especially on spend. And I also said normally whenever affluent countries come under pressure and need to economise, they do turn to suppliers like us,” he said. With larger peers like Infosys and Wipro giving muted guidance lower than Nasscom’s guidance, while Cognizant slashed its annual revenue forecast, there are concerns about the health of the Indian IT outsourcing industry. Industry body Nasscom has forecast the sector’s growth at 11-14 percent for this fiscal. Exuding confidence in the company’s capabilities, Nayyar said, “There are forces at work and it is our hope, not promise, that we will be able to continue with the current level of growth.” For the full year ended 31 March 2012, Mahindra Satyam has registered a net profit of Rs 1,306 crore as against a loss of Rs 147 crore in 2010-11. Revenues in the reported fiscal stood at Rs 6,395.6 crore, up 24.3 percent from Rs 5,145.1 ...

If increasing buyback can get gain in share Y even after buying 143 lakhs shares it has gone down from above 800 when buyback started to even below 700 and touched multi years low?Firstpost wl never answer this question as firstpost is controlled by NW18 which is controlled by RIL itself....

INDIAN MARKETS ARE EXPECTED AT 12000-13000 levels....Source:NDTV ...

Investor disillusionment is clearly evident from the fact that Reliance’s shares have lost more than Rs 22,000 crore, or 10 percent of market capitalisation, in the past one month. In contrast, the benchmark Sensex has lost 5.5 percent. The company also had to cede the title of India’s most valuable private-sector company to Tata Consultancy Services. Even Reliance’s ongoing buyback programme has done little to prop up the value of the share price. According to a report in Business Standard, the company bought an average of 600,000 shares a day seven times this month, more than double of what it bought in April. Still, they haven’t buoyed the stock price. Reliance shares are currently trading at Rs 684, after tumbling to Rs 674 earlier. Even so, the short-term future looks bleak. Source:FirstPost...

Source:FirstPost - New York: Facebook was supposed to soar. Instead, it plunged. After the social network’s stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied. The downward spiral has left some people sitting on big losses, and ot...

Source:FirstPost - Canada’s Fairfax Financial Holdings Ltd will buy Thomas Cook Group’s 77 percent stake in its India operations for about $150 million, as the UK holiday firm continues to pay down its debt. Property and casualty insurer Fairfax’s unit Fairbridge Capital will pay Rs 50 per share of ...

Source:FirstPost - New York: The trial of former Indian-American Goldman Sachs director Rajat Gupta began in New York today in what is the most high profile case of insider trading in US history. The trial began at US District Court, Southern District of New York with the judge Jed Rakoff meeting defence and prosecut...

Source:FirstPost - All is well in India under the rule of the “Gandhi” family. That’s what Finance Minister Pranab Mukjerjee has been telling us. And that was the message that came through – with some minor qualifications – at UPA-2′s third anniversary meeting on Tuesday. However, what explain...

Source:FirstPost - 11:30 am: Its another free fall for the markets as they continue  to decline. Both the BSE and the NSE have fallen by 0.9  percent. The BSE Sensex, the barometer of the Indian  economy, has broken the 15,900 mark and is now trading at  15,885, down 141 points while the Nifty is just 17 points ...

Source:FirstPost - New York: Many Indian business leaders including Mukesh Ambani and Adi Godrej have expressed their support for prominent Indian-American Rajat Gupta, who went on trial on Monday in a high-profile insider trading scandal. Friends of Rajat Gupta, a high-profile Wall Street personality and former Gold...

Source:FirstPost - Hong Kong: A dramatic turnaround in investor sentiment on Wall Street overnight is lifting up indices all across Asia this morning. As at 7.30 am IST, Nifty futures are up in excess of 1.1 percent, in line with sentiment across the region, where indices are up fairly across the board. There’s...

Source:FirstPost - Hyderabad: Mahindra Satyam today reported a net profit of Rs 534.21 crore for the fourth quarter ended 31 March 2012, driven largely by higher revenues and increased employee efficiency rates. The city-based company had suffered a net loss of Rs 327 crore in the January-March period of 2011. The co...

Source:FirstPost - Bharti Airtel, India’s top mobile phone operator, on Thursday cut prices of its third-generation (3G) mobile data services by about 70 percent under some plans, a company statement showed, in a move to boost usage of the premium services in the country. Reuters Bharti and its rivals in the co...

Source:FirstPost - On a day when the most high-profile accused in the 2G spectrum case, former telecom minister A Raja was granted bail and released from Tihar Jail, the Special CBI court resembled a party office that had just won an election. Raja, the main attraction of the special CBI court, was mobbed by party wo...

Source:FirstPost - Mumbai:  If JSW was really involved in the Karnataka mining scam, then why would it have not been allotted a single iron ore mine despite an investment of Rs 50,000 crore in the state? This was the question, the company’s head Sajjan Jindal asked reporters after announcing its fourth quarter...

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