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Archive for May, 2010

At 7.4%, GDP growth beats forecasts for 2009-10

Aided by a spectacular performance by industry and services, the Indian economy grew 8.6 per cent during January-March 2010.
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Farm sector is key to 8-8.5% growth this fiscal

The economy could grow between 8 and 8.5 per cent in 2010-11, but much will depend on how agriculture performs in 2010-11, says Dr C. Rangarajan, Chairman of the Prime Minister’s Economic Advisory
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Berger Paints India (Rs 68.6): Buy

We recommend a buy in the stock of Berger Paints India, from a short-term trading perspective. It is evident from the charts that the stock has been on a long-term uptrend, forming higher peaks and troughs from its October 2008 low of Rs 25.7.
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Day Trading Guide

Fresh long position is recommended only if DLF surges above Rs 283 with fixed
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Sahara again, for the Men in Blue

The Sahara group has retained the sponsorship rights for the Indian men’s cricket team for the next three years, paying 25-30 per cent more than it did the last time round to the Board of Control for Cricket in India
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Commerce Ministry seeks interest sop for all struggling exporters

Citing the likelihood of rising interest rates, the Commerce Ministry wants the Finance Ministry to extend the interest subsidy of 2 per cent on pre- and post-shipment export credit to all the struggling export
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It’s destination Holland for Indian companies

Indians have emerged the fastest growing expatriate community in Amsterdam because Indian companies are making a beeline for the Netherlands to take advantage of the favourable tax
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Monsoon onset throws up storm in Arabian Sea

India Meteorological Department (IMD) has declared the onset of monsoon over the Kerala coast on a day when it also saw a prospective cyclone brewing in the Arabian
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