The USD/INR retraced the highs of 45.28 and has settled at around 45.78 levels. Equity markets were directionless with the Sensex and the Nifty closing a tad lower than last week. The high point from the data point was the 11.3 % growth in IIP against expectation of 10%. Inflation for the month of December [...]
Archive for January, 2010
IFRS:Why do we need IFRS in India?
January 16th, 2010 
Shalini Tibe Do we need IFRS in India? Indian Companies are listed on overseas stock exchange and have to prepare accounts with respect to GAAP followed in respective countries. Foreign companies having subsidiary in India have to prepare there accounts in order to meet overseas reporting. FDI and FII’s are more comfortable with one global accounting language [...]
Posted in Accounting 
Tags: IFRS, ifrs fixed assets, ifrs gaap, ifrs gaap differences, ifrs inventory, ifrs roadmap, IFRS training 
No Comments »Opening as professional trader with KREDENT
January 14th, 2010 Praveen Bajaj Excellent Opportunity: Opening as professional trader with KREDENT We are glad to invite applications for our Professional Derivatives Trading desk. Kredent trading desk is one of the largest trading desk in India with substantial market share in exchange’s volume and liquidity. Kredent is the direct clearing and trading member of the NSE, MCX-SX, MCX, NCDEX [...]
Posted in Jobs Tags: job opening, professional traders, professional trading jobs, trading jobs No Comments »Infosys result analysis
January 13th, 2010 Praveen Bajaj Infosys declared its third quarter result today. The results came better than than the street expectations. The sales were around 3% above the Bloomberg consensus estimate, whereas the net profit was around 12% below, which was boosted on account of higher other income. BSE : INFOSYS NSE : INFOSYSTCH Bloomberg [...]
Posted in Economy Tags: Accounting Standards, analysis, economic review, equity markets, indian economy, nifty, sensex, share markets No Comments »IIP Data: November 2009 -Index for Industrial production
January 13th, 2010 Praveen Bajaj The IIP figure for November stood at 11.7%, taking everybody’s breath away. It stunned everybody since the market’s expected figures was hovering around 10%.The same index registered a growth of 2.4% y-o-y in Nov’08 whereas a growth of 10.3% (revised) y-o-y in the last month It grew at its fastest pace in two years which [...]
Posted in Economy Tags: Accounting Standards, economic review, indian economy, nifty, sensex, share markets No Comments »Fourteen Companies: One Market
January 7th, 2010 Praveen Bajaj In a first of its kind scenario in 2010 , at least 14 national brands will promote the same value proposition- mobile voice With the advent of new players and introduction of the tariff wars the listed telecom companies have already shed close to $40 billion in market value While the top four operators own [...]
Posted in Economy Tags: economic review, indian economy, Insurance, nifty, sensex, share markets No Comments »Indian Economy – Annual Review and Analysis
January 6th, 2010 Praveen Bajaj “Hello readers…warm wishes for the year ahead on behlaf of MoneyBol team. My apologies for delayed posting of the monthly update. To make amends I have also updated the yearly review. Hope these are useful and informative for you.” – Praveen Bajaj, Equity- BSE Sensex Stocks started the month with a 200+ points gain on the first [...]
Posted in Economy Tags: crude prices, economic review, equity markets, exchange rate, g-sec, gold prices, indian economy, nifty, sensex, usd-inr 1 Comment »Buy Bayer Crop Science
January 5th, 2010 Praveen Bajaj • BSCL, an agro-chemical company, is subsidiary of the Euro 35 billion Bayer AG• Its business is divided into crop protection, environmental science and bio-science• Per hectare consumption of pesticide in India is merely 0.48 kgs, lower than 5.0 kgs per hectare in the US and again less than 10.0 kgs per hectare in Japan• With its strong R&D, BSCL continues to offer new products to its customers• The Company derives nearly 80.0% of its exports revenue from its Bayer AG group companies due to the cost advantages • New products’ launch, outsourcing from parent and low pesticide penetration will drive the future growth of the Company• Despite poor rainfall in H1FY10, the Company registered a strong performance• Its profit in H1FY10 is Rs. 109.42 crore higher than Rs. 94.46 crore posted for FY09• The Company has shut down its Thane plant spread over 108 acres of land, valued around Rs. 1,000.0 crore • The sale of land could generate huge cash reserves for BSCL• The stock could be bought at current levels with one year target price of Rs. 632.0
Crash and carry – New reserach suggests a way to make steady profits from the carry trade
January 2nd, 2010 Praveen Bajaj Carry trade strategy : buying (investing in) a high interest yielding currency and selling (borrowing) a low yielding currency Yen is favoured funding currency for the carry trade due to low interest rates in Japan Dollar has become the next favoured one due to the economic crisis and near-zero rates in America