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 - This week seems to be all about breaking records, doesn’t it? First the rupee broke records to plumb new lows, then the Sensex busted a four-month record to close below 16,000. Now, the government has set a record by announcing the highest-ever hike in petrol prices — Rs 7.50 per litre ...

Source:FirstPost - Senior BJP leader Sanjay Joshi today resigned from his post in the party in a move being seen as one to pacify Gujarat Chief Minister Narendra Modi and get him to attend the party’s national executive meet being held in Mumbai from today. Joshi, who was brought back into the party by BJP pres...

Source:FirstPost - Looks like Coke is now worried about its own brand Thums Up. The Economic Times reports Coca Coal India has asked its bottling and trade partners to push Coke ahead of other brands in its portfolio. This move comes as a part of their Vision 2020, where by they plan to promote Coke across all their ...

Source:FirstPost - Reliance SIP Insure, ICICI Prudential SIP Insure, Birla Sun Life Century SIP: what is everybody talking about? These are systematic investment plans (SIP) that have an insurance element to it. You put in money on a regular basis for investment in equities, and given the insurance factor attached to...

Source:FirstPost - New Delhi: The Delhi High Court today issued contempt notices to 67 striking Air India pilots and their representative body, Indian Pilots Guild (IPG), for disobeying its earlier order by which their stir was termed as illegal. “Issue notices on this application (of Air India management) to t...

Source:FirstPost - With renewed threat of a partial or even complete shutdown of Air India, are the two warring sides coming closer to the negotiating table? The agitating pilots belonging to the Indian Pilots Guild (IPG) today reiterated they would be willing to resume work only if all their terminated 101 colleague...

Source:FirstPost - The illicit outflow of money from India has been estimated at $104 billion as of December last year, according to a report of the Global Financial Integrity (GFI). This has been disclosed by the White Paper on black money tabled in Parliament pm Monday. But the report does not give any estimate of ...

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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