Rupee to touch 41.80 by year-end

By CROW -
Rupee will touch 41.80 By year end . IT stock will under perform due to Rupee appreciation.

Comments

Post a Comment

Popular posts from this blog

Adani Power (IPO)

By CROW -
Adani Power initial public offering (IPO) witnessed huge investor interest and was subscribed 6.86 times. The issue received bids for more than 170 crore shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website . Qualified institutional investors have given strong response to the issue followed by non-institutional investors. Their portion subscribed 12.93 times and 2.2 times, respectively. Retail investors' portion subscribed just 0.5 times. Also read: Subscribe to Adani Power IPO: Experts The price band has been fixed between Rs 90 and Rs 100 per equity share. The minimum bid lot has been fixed at 65 equity shares by the company in consultation with the global coordinator and book running lead manager. The issue will close on July 31, 2009. The issue constitutes 13.84% of the post-issue paid-up equity share capital of the company. The issue includes a reservation of up to 8,000,000 equity shares for eligible employees. The iss...
Read more

Trend watch: Industrial growth decelerates in July

By CROW -
The just released industrial growth numbers point to a slowdown in the economy. The Central Statistical Organization`s quick estimates of Index of Industrial Production (IIP) for the month of July 2007 fell far below the expectations. The general index stands at 252.2, which was 7.1% in July 2007 compared with 13.2%, a year ago. The cumulative growth for the period April-July 2007-08 witnessed a decline at 9.6% as against 11.1% over the corresponding period of the pervious year. The industrial production for the mining, manufacturing and electricity sectors grew 4.9%, 7.2% and 7.5% respectively in July`07. During the same period in 2006, these sectors posted growth of 5.1%, 14.3% and 8.9% respectively. The cumulative growth during April-July 2007-08 over the corresponding period of 2006-07 in the three sectors has been 3.1%, 10.3% and 8.1% respectively compared with 4%,12.3% and 6.1%, a year ago, which moved the overall growth in the general index to 9.6%. Higher interest rates adverse...
Read more

FY2010 H1B quota

By CROW -
After many months of little or no movement, we are at last seeing an increasing number of new H1B petitions accepted by the USCIS under the fiscal year 2010 quota. As of November  27 th , the USCIS reported that they had received approximately 58,900 petitions. The annual quota limit is 65,000. The law provides special set asides of up to 6,800 numbers for petitions filed for citizens of Chile and Singapore, under special free trade agreements. Technically, this reduces the overall quota to 58,200. Most of the Chile/Singapore set asides, however, are returned to the main pool and used by "regular" H1B petitioners. Given that this is a relatively small number, however, it shouldn't delay by too long the date on which the quota is finally reached.   Given the increasing number of filings, and the new sense of urgency that will undoubtedly result in more speculative filings by people hoping to get in while visas are still available, we can expect to see the quota r...
Read more