CSR- A NEW DEVELOPMENT SUPPORT..!!!

Corporates to pump in Rs 14,000 cr towards CSR in 2014-15: FM Arun Jaitley

PTI | New Delhi | November 4, 2014 10:41 pm

Finance Minister Arun Jaitley today said companies are expected to pump in as much as Rs 14,000 crore for Corporate Social Responsibility (CSR) activities in 2014-15 and the amount will be increasing in subsequent years.

“… CSR alone in its very first year is going to contribute about Rs 14,000 crore into the (social) sector and that’s reasonably a large amount of money. This is going to increase year after year as corporate profits increase,” he said while speaking at a function organised jointly by the Jubilant Bhartia and Schwab foundations.

Under the new Companies Act, certain class of profitable companies are required to spend at least 2 per cent of their three-year average annual net profit for CSR activities.

Noting that corporates are late entrants in the charitable activities in the country, Jaitley said, “the best in the Indian society is yet to be realised…They (corporates) are essentially obsessed with their cause, they are convinced about their cause.”

The Indian society was currently “witnessing a passing phase or turning point”, he said, expressing the hope that corporate would enter the charity in a big way.

“Its impact will now be fully seen. (It will be) appreciated by even those who are otherwise unaware or unwilling to recognise the contribution,” Jaitley said.

The Minister later gave India Social Entrepreneur of the Year 2014 award to Hanumappa Sudarshan of Karuna Trust.

http://www.financialexpress.com/article/economy/corporates-to-pump-in-rs-14000-cr-towards-csr-in-2014-15-fm-arun-jaitley/

SHALE GAS SUCCESS...ONGC PLANS...!!!

US shale success prompts ONGC action on unconventional energyCompany had earlier established presence of shale gas in Damodar basin in West BengalJyoti Mukul  |  New Delhi  September 19, 2014 Last Updated at 15:15 IST
Oil & Natural Gas Corporation today said it has prioritised exploration and exploitation of unconventional energysources. It said the success of US in shale gas has set off a worldwide push for tapping the unconventional sources.
"In FY 2013-14, we drilled the first shale well at Jambusar, Cambay Basin, Gujarat, and total seven wells so far in the same basin. In the process, we have established the presence of shale gas in the Cambay basin," ONGC chairman DK Saraf said in his address to shareholders at the company's annual general meeting today.
The company had earlier established the presence of shale gas in the Damodar basin in West Bengal even before the announcement of shale gas policy by the Government of India.
To position itself suitably in green energy initiatives, it is close to commissioning its second wind power farm of 102 MW in Rajasthan, while the first such unit of 51MW in Gujarat is already generating power since 2009.
ONGC Energy Centre, a trust set up by the company to pursue novel energy options, is pursuing high-end research and development in the area of alternative energy sources like geothermal, hydrogen, uranium etc.

http://www.business-standard.com/article/companies/us-shale-success-prompts-ongc-action-on-unconventional-energy-114091900543_1.html......

------------------

TECHNICALLY THE STOCK IS POISED TO SURPRISE THE BEARS BY TOUCHING 620-660 RANGE AND VERY LIKE RELIANCE WILL CROSS 1480-1530 RANGE, THE OTHER BEST OUT PERFORMING ONE LIKE HDFC & HDFC BANK MAY KEEP LOW PROFILE  FOR SOME TIME....

Skyscanner looks to tap Big Data as next big money-spinner

Roudra Bhattacharya | New Delhi | Updated: Aug 30 2014, 08:32 IST

UK-based Skyscanner, a global leader in the travel meta-search engine business, is betting on Big Data as its next big money-spinner. This is because analytics, in the form of patterns in customer and flight data that the company has accumulated over the past 11 years, is seen to be of major importance for both airlines and government agencies, which are looking at more efficient deployment of resources.

Travel meta-search engines offer a single-point search option for flights through tie-ups with both airlines and online travel agents such as Makemytrip and Expedia, offering the convenience to passengers of not visiting multiple portals in their search for the best deal.

“We are looking to make analytics a significant part of our business, there is huge potential in this. We are currently doing this work in Europe in a small way and want to offer our consulting services in India as well,” Andy Sleigh, GM (APAC) at Skyscanner, told FE.

He added, “Information of what routes are most popular for customers, or which airports are losing business to competitors, are important for all those working in strategy. For example, in Scotland if an airline offers services only from Glasgow and passengers from nearby Edinburgh have to travel all the way, it makes natural sense for the airline to offer services at Edinburgh as well, or risk losing business to rivals”.

Skyscanner, in which US-based top-tier private equity fund Sequoia Capital bought into last year, is currently valued at around $800 million. Sequoia, which has also invested in internet and mobile giants Google, LinkedIn, Yahoo and Whatsapp in their early days, has placed its chairman Michael Moritz on the Skyscanner board. Skyscanner has also bought Spanish hotel search search portal Fogg in 2013, and China's Youbibi this year to expand its business in the Chinese market.

Sleigh said the company may look at acquisitions in India as well as business expansion, but right now it is in talks with handset makers and telecom service providers to integrate its product directly onto phones. “In India, 40% of our searches happen through the mobile, compared to 30% in the Western markets. We are a mobile-first company, so that is our main focus,” he said.

http://www.financialexpress.com/news/skyscanner-looks-to-tap-big-data-as-next-big-moneyspinner/1283704

MAINTAIN WINING FORMULA..!!!

I MISSED MY NIGHT SLEEP (IN 1991-95, I USED TO STUDY THE HARD COPIES OF CAPITAL MARKETS AND DALAL STREET…UPTO 3 AM,ONE DAY UPTO 5 AM…., NOW  SIMILAR SLEEPLESS STUDY…, I NEVER STUDIED MY CLASS BOOKS LIKE THIS…) DUE TO A SERIOUS SEACH FOR TINY STOCKS THAT CAN FETCH 500-1000% RISE IN FUTURE. THE SEARCH AND RESEARCH IS ON………… THE STORY OF MULTIBAGGERS IS A EVER RISING NOVEL STORY IN STOCK MARKETS…ONLY THING WE NEED TO DO IS JUST TRUST WHAT YOU THOUGHT IS RIGHT AND BELIEVE IN WHAT YOU IDENTIFIED/STUDIED……..…….

A SATISFACTION BUILT DISAPPOINTMENT OF MISSING INDOCOUNT INDUSTRIES WHICH I IDENTIFIED AT 7-9 NOW AT 144 A 18 MONTH HOLDING PERIOD, A 1500-2000% RETURN IS A PHENOMENAL CASE TO “BLOW ONE’S OWN TRUMPET”.

AT A SIMILAR TIME FRAME IDENTIFIED MORARJEE TEXTILE AT SAME 7-8 RUPEES NOW AT 44. I IDENTIFIED PHARMA AT 3 NOW AT 35 A 10 TIMES RISE..NOT ENJOYED…

SIMILARLY FINDING AND  I ENJOYED 700% RISE IN KM SUGAR BOUGHT AT 1 AND 1.35, NO OTHE SUGAR STOCK GAVE SUCH PHENOMENAL RETURN. I DOUBLED MONEY IN RANA SUGARS.

I BOUGHT BIRLA ERICSSON AT 10-12, NOW AT 65 LEVELS, SUGGESTED ALL TELECOM OPTIC FIBRE CABLE COMPANIES, WHICH GAVE 300 TO 500% RISE, WITH SOME CLOSE FRIENDS, I EVEN FOUGHT FOR THEIR INVESTMENTS IN THESE STOCKS.

AS A MATTER OF FACT, THIS RALLY HAVE GIVEN LIFE TO MANY TINY STOCKS, DORMANT FOR YEARS. AT THE SAME TIME THERE ARE MANY STOCKS THAT ARE AT THE SAME PRICE OR EVEN LOWER THAN TWO YEARS AGO.

SO, JUST TURN AROUND STORY, LIKE ARVIND AT 44 FOUR YEARS AGO NOW AT 240, PARTICIPATED BUT NO GREAT WAITING….

……….

THE LESSON IS SO SIMPLE THAT FIND OUT…KEEP ON INVESTING……SIT TIGHT WITH OUT DISTURBING THE HOLDING AT LEAST FOR 5-10 TIMES RISE.

………

FOR DAY TRADING..ALWAYS LIVE IN THE CURRENT TREND.... 

Jaypee's QIP , FOR FUNDS, WAS THE DEAL MADE....?????????

After Jaypee's QIP, Abu Dhabi firm pulls out of deal
BS Reporter  |  New Delhi  

July 25, 2014 Last Updated at 00:58 IST

In a setback to Jaypee Group's debt-reduction plan, Abu Dhabi National Energy Company, or TAQA, has pulled out of an agreement to acquire two hydropower plants of its subsidiary Jaiprakash Power Ventures valued at around Rs 9,689 crore.
Earlier this month, Jaiprakash Associates, the flagship company of Jaypee Group, had raised Rs 1,500 crore through qualified institutional placement (QIP) of shares. The issue was oversubscribed and the funds raised through it will be used to repay or prepay certain loans, besides making investments in subsidiaries and joint ventures of the company, primarily in the cement and fertilisers space.
In an announcement to BSE on Thursday, Jaiprakash Power Ventures said the company received a notice from TAQA India Power Ventures that the company was withdrawing from the acquisition agreement signed in March due to a change in its group's business strategy and priorities. "The withdrawal makes TAQA liable to payment of break fee in terms of the said acquisition agreement," the company said its stock exchange filing.

SWITCHING OFF

Rs 9,689 cr The amount Jaypee's deal with TAQA was expected to fetch Rs 1,500 cr The amount raised this month by Jaiprakash Associates, flagship company of Jaypee Group, through QIP of shares Rs 28,164 cr Jaiprakash Associates' standalone debt as on March 31, 2014 Plants in the deal Karcham Wangtoo (capacity of 1,000 Mw) and Baspa-II (capacity of 300 Mw)

TAQA had in March said that a consortium led by it had agreed to buy the two hydropower plants - Karcham and Baspa in Himachal Pradesh - from Jaiprakash Power Ventures.
Under the agreement, TAQA was to have a 51 per cent stake, while Canada's PSP Investments 39 per cent and IDFC Alternatives 10 per cent.
The shares of Jaiprakash Power Ventures on Thursday fell seven per cent on BSE to close at Rs 19.20 apiece.
Though the group has been selling assets to reduce high debt, the standalone debt of Jaiprakash Associates still stood at Rs 28,164 crore as on March 31. Its interest cost for 2013-14 almost doubled to Rs 6,094 crore from Rs 3,134 crore a year earlier.
Last month, the group informed investors it had broken loan agreements. "The principal amount due under which our company is not in compliance with all covenants and ratios is Rs 10,079 crore. This is 35.77 per cent of our total principal standalone debt amount of Rs 28,164 crore as on March 31," the company said in its filing with the stock exchanges. However, it added it was regular in repayment across its obligations.
The group raised Rs 15,869 crore via sale of some power and cement assets and land parcels. This will help reduce its debt by about Rs 8,030 crore.

http://www.business-standard.com/article/company/after-jaypee-s-qip-abu-dhabi-firm-pulls-out-of-deal-114072500163_1.html

THE NIFTY FUTURE OUT LOOK....

PHENOMENAL RISE&HIGHs but A Denial for NOW….

The Indian markets have performed stupendously, like a race against all ODDs and against all emerging markets. We are the best performing Indices YTD or for the quarter. The Rise is so phenomenal that no-body expected but few could CASH the opportunity. Now many new entrants are making inquiries and many more are looking as a decent opportunity to make HUGE money to meet their DREAMS.

The fact is that, since January-14, Nifty rose by 20%, Mid-Caps by 30% and Small caps by 55%, some Individual stocks rose by 400-700% from their LOWs. The hype generated now is due to change in the Government, a market friendly team at the top. But the fact is that No-body could SELL the National property via LIBERALIZATION for no reason, nor for a simple cause. The National growth based on immediate requirements and will be judged by prioritising/striking a right balance between “NECESSITY & COMMERCIALIZATION”. The Future is GOOD as huge investments will take place and the results will come in due course of time.

As far as the Stock Markets rise is concerned, a dead cheap stocks are at a historic low was one of the major reasons for FIIs relentless investments. The Global markets are also encouraging and FREE Supply/HIGH Liquidity is driving the markets for NOW. Very few are working on the REAL worth for the paper but relying on the PROJECTIONS. The Nifty is POISED for touching 9000+ as experts are working on the next 3-year EARNINGS and P/E that could safely take us above the above said number. I am not pessimistic but play a realistic role for valuing the Available Opportunity. The main reason for Nifty may seek SOUTHWARD JOURNEY because of looming DROUGHT, Poor Investments made by the CORPORATES in the Preceding/Previous 2-3 years, so NO earnings Surprise by the top companies.

So, the scenario is GLOOM in the Short-term, however the POLICY push can give some bounce but for the next ONE year will be very challenging. The Nifty stocks are moving up but the UN-Winding is a concern. The rise from here may not be that much sharp or serious, from here 2-Ups and 4-5 Downs. Because the FUTURE is promising, on any DEEP cut/ steep fall BULLs take charge to make a comeback to take away the Retail Investors most of the STOP-LOSSES.

THE BLOOM and GLOOM story…..THE MOMENTUM IS HIGH….

THE NIFTY MAY TOUCH 8785-8850 RANGE; BUT VERY LIKELY, IN THE SHORT-TERM LOW MAY  TOUCH 7000, NO SURPRISE EVEN IF IT TOUCHES 6600-6400 RANGE

THE BANK-NIFTY MAY TOUCH 20100-22000 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 12500-800, NO SURPRISE EVEN IF IT TOUCHES 10100-10300 RANGE

THE RELIANCE MAY TOUCH 1450-1550 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 801-811, NO SURPRISE EVEN IF IT TOUCHES 759-736 RANGE

THE ONGC MAY TOUCH 620-650 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 311-321, NO SURPRISE EVEN IF IT TOUCHES 270 RANGE

THE SBI MAY TOUCH 3850-3950 RANGE, IN THE SHORT-TERM LOW MAY  TOUCH 1920-1950, NO SURPRISE EVEN IF IT TOUCHES 1450-1430 RANGE

THE ICICI MAY TOUCH 2130-2080 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 1180-1220, NO SURPRISE EVEN IF IT TOUCHES 970-950 RANGE

THE RELCAPITAL MAY TOUCH 950-1050 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 440-415, NO SURPRISE EVEN IF IT TOUCHES 330 RANGE

THE RELINFRA MAY TOUCH 1080-1150 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 520-540, NO SURPRISE EVEN IF IT TOUCHES 440 RANGE

WE CAN EXTEND AND READ MORE NUMBERS… BUT THE DENIAL IS RIDING HIGH EVEN IN MY MIND…

PLS DON’T BUY NOW UNTIL NIFTY TOUCHES 7250-80 RANGE, BUT THE ACTUAL BUYING IN QUALITY STOCKS SHALL EMERGE FROM 7000 ONLY. THOSE WHO ARE COMPULSIVE, SHALL TAKE A STOPLOSS ROUTE RATHER THAN HOLDING FOR LONGER…THW WAIT MAY BE 3 YEARS…!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

INFOSYS.....UPSET..UBS....

What has upset UBS about Infosys that others have failed to see?UBS' report differs from others as it takes a business call on Infosys rather than one based on quarterly numbers and guidanceShishir Asthana  |  Mumbai  

May 8, 2014 Last Updated at 09:26 IST

Nearly a month after Infosys announced its march quarter results, one of the biggest foreign broking houses in the country, UBS has downgraded the stock. While the downgrade to Sell is not uncommon, the fact that the target price has been slashed by nearly 30 per cent is rare. UBS earlier had a price target of Rs 4,050 which has now been slashed to Rs 2,750. Infosys presently trades around the Rs 3,070 range .
What is important to note is that out of the 63 analysts tracking Infosys (as per Bloomberg data) only three have a Sell rating on the company. UBS is now the fourth. Around 75 per cent of the analysts have a Buy recommendation while remaining have a Hold recommendation on the company. UBS is the biggest broking house that is bearish on the stock and one that has the lowest price target.
So what is it that UBS (Indian broking firm Ambit already has Sell rating on the stock) has seen that other broking outfits have not.
UBS has broken down the business of software companies into different verticals and identified areas where growth is expected. The UBS report written by Diviya Nagarajan says that the next wave of growth for large Indian IT vendors will be led by infrastructure services and business process outsourcing (BPO).
Infosys has less than 15 per cent of its revenues coming from these segments as compared to 25-35 per cent for TCS and HCL Tech. Infosys has just started focussing on these segments, but UBS believes that the slow growing application business of Infosys which contributes 85 per cent of the revenue will remain a drag. The company has already indicated through its commentaries that it has trouble jumpstarting growth in its base segment.
The other issue is of attrition. Apart from Ambit and now UBS most of the other broking firms have highlighted the attrition problem as a footnote. Ambit (Read here) was the first to say that Infosys was living in denial when they clarified that the loss of senior management officials and overall attrition is not hurting the company. UBS has gone a step further and cited the case study of Wipro and how constant management churn since 2005 has played a major role in decline of Wipro's market share.
To make matters worse for Infosys, TCS has played a smart game by hiking wages by 10 per cent for offshore employees and 2-4 per cent for onsite ones as compared to 6-7 per cent and 1-2 per cent respectively for Infosys. Attrition rate at Infosys is at its all time high with the company losing nearly one-fourth of its FY13 employee base in FY14, says UBS. The wage differential between the two companies and softer revenue outlook by Infosys is expected to further spike attrition in the company.
While most of the other analysts are saying that Infosys will beat its guidance, UBS feels that high attrition level will impact revenue acceleration and limit the company's ability to beat its revenue guidance of 7-9 per cent (which is much lower than the nearly 14 per cent growth projected by Nasscom, the face of the industry) despite improving demand and a currency advantage.
Concerns on Infosys' operations have been raised by other analysts too, but none of them had summed it up and been brave enough to go against the consensus opinion. JP Morgan which has a Overweight rating and a price target of Rs 4,000 on Infosys in its April 23, 2014 report on India IT Services highlighted the leadership role of TCS over its peers, especially Infosys. The report observed that TCS was defining the agenda through its forward commentary in contrast to the commentary of others playing catch-up. While TCS has a longer term plan of entering hardly penetrated markets like Japan and strengthening its presence in digital and SMAC (Social media, Mobile, Analytics and Cloud Computing), Infosys and Wipro are still talking on the need to improve win rates in large deals, in other words, operational issues.
Jefferies in its coverage on Infosys with Buy rating and a lower price target of Rs 3,675 (from its earlier target of Rs 4,170) highlighted the concerns of the company. The report said that Infosys was at a stage where most of its financial metrics are at their worst. Growth has been volatile, margins have fallen by 450 basis points in 13 quarters. Yet the Buy recommendation was based on the reset of expectations for next year, an improvement in growth or margins. The report says that turnaround hopes are hinged on Chairman Murthy.
It is the hope of Murthy working his magic that is preventing most of the analysts to see beyond the quarterly numbers. Where UBS' report differs from others is its business call on Infosys rather than one based on quarterly numbers and guidance. Share price movement of Infosys shows that the market seems to have respected that.
http://www.business-standard.com/article/markets/what-has-upset-ubs-about-infosys-that-others-have-failed-to-see-114050800303_1.html