Oil and Natural Gas Corporation Ltd is looking setting up a refinery in Rajasthan

Oil and Natural Gas Corporation Ltd (ONGC) is looking at the possibility of setting up a refinery in Rajasthan. Ashok Gehlot, the chief minister of Rajasthan, also raised the demand for a refinery while speaking on the occasion of Cairn India’s debut production from the Mangala oilfield. Prime Minister Manmohan Singh, who flagged off the production, said, “Cairn’s efforts show that the investment climate is very good in India.” Senior officials of Cairn India also indicated that the company would prefer to focus on its core activity of exploration and production. ONGC has a 30 per cent interest in Mangala.The Rajasthan block will initially produce 30,000 barrels per day (bpd). The production will be ramped up to 125,000 bpd in the first half of 2010. Along with the Bhagyam and Aishwarya oilfields, Cairn’s total output will be 175,000 bpd in 2011.At their peak production, the Rajasthan fields will account for more than 20 per cent of India’s crude output.

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Manmohan Singh's Birth Horoscope

Name : Manmohan Singh
Full Name : Manmohan Gurmukh Singh
Date of Birth : 26 September 1932
Time Zone : +14:00
Birth Place : Gah, Punjab, British India
Birth Number of Manmohan Singh : 8
Sun sign of Manmohan Singh : Libra
Chinese Zodiac of Manmohan Singh :Monkey

Manmohan Singh (born 26 September 1932) in Gah, Punjab (now in Chakwal District, Pakistan), is the 17th and current Prime Minister of the Republic of India. After the India-Pakistan Partition, he migrated to Amritsar. He has attained his bachelor's and master's degree in 1952 and 1954 respectively, standing first throughout his academic career. He went on to get a master's degree from St. John's College, Cambridge University, where he won the Wright's Prize for distinguished performance in 1955 and 1957. He was also one of the few recipients of the Wrenbury scholarship. In 1962, Singh completed his D.Phil from the University of Oxford Nuffield College. The topic of his doctorate thesis was "India’s Export Trends and Prospects for Self-Sustained Growth". In 1997, the University of Alberta presented him with an Honorary Doctor of Laws. The University of Oxford awarded him an honorary Doctor of Civil Law degree in June 2005, and in October 2006, the University of Cambridge followed with the same honor. St John's College and the University of Cambridge further honored him by naming a PhD Scholarship after him, the Dr Manmohan Singh Scholarship.

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New ten Rupee coin of India - New 10 Rupees coin of India

Its realised and now you can have it on your pocket!
RBI is ready to issue a new bimetallic 10 Rupee coin for circulation.
The look: The obverse side has the lion capitol with numeral 10 and year of manufacture. On reverse side, a double line cross with a dot in each pellet of cross and denomination written in Hindi and English around. This design has been prepaed by National Institute of Design, Ahmedabad with the theme of Unity in Diversity. The outer side metal is Nickel-Bronze and the inner side metal is Ferrous Steel. The weight of the coin would be 8 grams and the diameter would be 28 mm.
The coins are being minted at mainly Noida and Mumbai mint. The coins worth Rs.70 million was already stored in its stock till August 2008.

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RIL board approves 1:1 bonus issue

Reliance Industries has informed BSE that the Board of Directors of the Company at its meeting held on October 07, 2009, inter alia, has recommended, subject to the approval of the shareholders, issue of Bonus shares in the ratio of one equity share of Rs 10/- each fully paid up for every one equity share of Rs 10/- each of the company. India's largest private sector refiner has issued bonus shares after 12 years. The last time it issued 1:1 bonus was on September 13, 1997. Further, the Board has declared a dividend of Rs 13 (Rupees thirteen only) per fully paid-up equity share of Rs 10/- each.

Reliance Industries declared its audited FY09 results, including Reliance Petroleum's (RPL) numbers. The company's consolidated net profit was at Rs 15,296 crore versus Rs 19,523 crore. Its consolidated net sales were at Rs 1.51 lakh crore versus Rs 1.37 lakh crore.

Reliance Industries bonus history

Year Ratio
1997 1:1
1983 3:5
1980 3:5

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Sports Prediction by Astrology18.com

Sports Prediction is not easy for everybody. It is very difficult to predict who will win the FIFA world cup 2010 South Africa. However, Astrology18.com has been doing this serious job with marvelous accuracy.

FIFA world cup 2010 South Africa Final match was played on 11^th July 2010 and Astrology18.com has predicted on 9^th July 2010 before Third place match between Uruguay and Germany that Spain would become victorious in FIFA world cup 2010 South Africa and will become Campion. Finally, Spain has won FIFA world cup 2010 South Africa and become first time in history of FIFA world cup registered their first Championship. Key players are met with slight success, but match predictions in FIFA world cup 2010 South Africa have left everyone open-mouthed. In FIFA world cup 2010 South Africa 64 Match has played. Astrology18.com has predicted FIFA world cup 2010 South Africa with 80% of accuracy.

Asia Cup 2010 is the benchmark of accuracy. Asia Cup 2010 has predicted by Astrology18.com with 100% accuracy. Through out the series tension was very high. We remembered on match that is between India vs Pakistan in Asia Cup 2010 was very tough match to predict, because every match between India and Pakistan is like Final match of tournament, but Astrology18.com has handle this series very nicely and got remarkable success.

Astrology18.com is the most accurate in predicting Sports Astrology and current event astrological analysis. Astrology18.com has been working in Sports Prediction since 2002.

Astrology18.com is using Indian Vedic Astrology, Western Astrology and various branches of astrology in delivering Sports Predictions. Astrology18.com is currently working on Sports Prediction, Stock Market Prediction and Election Prediction. Astrology18.com is also delivering a personalized prediction related to Career, Business, Finance, Money, Job, Love, Education, Health, Property, Yearly Report, Marriage Report, Gems Stone Suggestion for the valuable Customers of Astrology18.com.

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Agricultural demand fuels Deere results, outlook

Agricultural demand fuels Deere results, outlook

Stock Market Predictions

(Global Markets) - Deere & Co (DE.N) reported a 46 percent rise in quarterly earnings and projected "substantial growth" for 2012 amid strong global farming conditions and higher prices, sending its shares higher in an otherwise weak stock market.

The world's largest farm machinery maker said hefty incomes of the world's farmers -- driving record 2011 results -- are expected to be stable in 2012. Demand for agricultural commodities, such as grain, will remain high.

The company solidly outpaced analyst expectations in the fourth quarter as agricultural and turf equipment sales were stronger than expected. Those results offset a slightly disappointing result on construction and forestry margins.

Deere's projection of 2012 net income of about $3.2 billion, compared with $2.8 billion in 2011, was also higher than Wall Street's expectations.

During a conference call, the company said it plans to more tightly manage inventory of combines, which is a closely watched indicator of company health.

Moline, Illinois-based Deere's strong earnings and positive outlook come during particularly good times for U.S. farmers. Farmland prices in the United States surged to the highest level in three decades in the July-to-September period, even as major crop prices have fallen from peaks earlier this year.

Deere said it has continued investing in its product line to meet demands from farmers.

"Our success reflects a continued pattern of strong customer response to our innovative lines of equipment," Chief Executive Samuel Allen said, adding that Deere remains well positioned to carry out its extensive growth plans and capitalize on positive long-term economic trends.

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For a graphic on Deere earnings results: link.reuters.com/qax25s

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RECORD 2011

Deere posted net income of $669 million, or $1.62 per share, for the fiscal fourth quarter that ended October 31, compared with $457 million, or $1.07 per share, a year earlier. Revenue rose 20 percent to $8.61 billion.

Wall Street expectations called for Deere to earn $1.43 a share, according to Thomson Global Markets I/B/E/S.

For full-year 2011, Deere's net income reached a record $2.8 billion, and the company generated $3.6 billion in cashflow from operations.

Sales, positively affected by currency translation and price increases, topped $32 billion in 2011, helping the company offset a $665 million increase in raw material costs, which are expected to rise another $500 million in 2012.

During the fourth quarter, Deere continued its pace of double-digit growth in both established and emerging markets. In the United States and Canada, equipment sales rose 14 percent, while sales outside that region grew at more than twice that pace -- posting a 31 percent equipment sales rise.

Last month, Deere rival Agco Corp (AGCO.N) posted stronger-than-expected third-quarter results and raised its full-year outlook for the fourth time. CNH Global (CNH.N), which also outpaced analysts' forecasts, said full-year revenue growth would be at the upper end of its prior forecast of 15 percent to 20 percent.

Deere's shares rose about 3.3 percent to $75.28 in morning New York Stock Exchange trading. The wider market slumped on concerns over unemployment, consumer spending and the economy in Europe.

"SUBSTANTIAL GROWTH"

Deere executives remain bullish on its ability to thrive.

"In spite of an unsettled global economy, demand for John Deere products is expected to experience substantial growth in fiscal year 2012," Deere said in a press release.

The company said momentum is expected to be strong in the current November-to-January period, with sales seen rising as much as 16 percent to 18 percent compared with the same period a year ago. Full-year equipment sales growth will moderate in coming quarters, settling in at 15 percent for all of 2012.

In Europe, sales are expected to be flat next year "as a result of general economic concerns" there. South America industry sales, which were strong in 2011, are expected to be flat as well.

Increased availability of financing and higher crop production in China and high agricultural commodity prices in India are expected to be key factors fueling Deere's momentum in Asia.

(Reporting by John D. Stoll in Detroit, editing by John Wallace and Maureen Bavdek)

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SBI, ICICI shares drop on worries over Kingfisher troubles

SBI, ICICI shares drop on worries over Kingfisher troubles

Stock Market Predictions

MUMBAI (Global Markets) - Shares of India's top two lenders State Bank of India (SBI.NS) and ICICI Bank (ICBK.NS), which hold more than 5 percent in troubled Kingfisher Airlines (KING.NS), fell over 4 percent on Friday on worries their loans to the carrier could turn sour.

Kingfisher, India's second-largest private airline, has canceled a large number of flights since Sunday in a bid to cut capacity and minimize costs, and media reports said leasing companies were planning to take planes back and pilots were leaving.

ICICI Bank shares fell as much as 5.3 percent on Wednesday to the day's low of 816.7 rupees -- its biggest fall in single day in more than a month -- while SBI fell as much as 4.3 percent.

Investors were concerned that the provisioning requirement for banks will increase, hitting profitability, if loans to Kingfisher turned bad, traders said.

A senior executive at SBI said Kingfisher was still a "standard asset," which meant there has not been any defaults yet. She declined to comment further. Other executives at the bank were not immediately available for a comment.

A source familiar with loans to Kingfisher at ICICI Bank, which has lent 4.3 billion rupees to the carrier, also said there has not been any payment default yet.

India's civil aviation minister Vayalar Ravi on Friday said he would talk to Finance Minister Pranab Mukherjee to get banks' assistance for Kingfisher.

The source at ICICI Bank said there was no proposal to provide any financial assistance to the carrier.

Kingfisher has already restructured part of its debt to forego about a quarter of its equity to a consortium of 13 banks led by SBI.

State-run IDBI Bank (IDBI.NS) holds 3.5 percent stake in Kingfisher, while Bank of India (BOI.NS), UCO Bank (UCBK.NS) and Punjab National Bank (PNBK.NS) hold more than 1 percent each, according to data on the Bombay Stock Exchange website.

Earlier this month Kingfisher said it had sought further cushion from banks to ease its debt burden but denied it was seeking another debt restructuring.

State Bank of India's shares took a beating when it announced quarterly earnings on Wednesday despite better-than-expected profits, because of its worsening asset quality.

India's dominant lenders, along with over 20 more banks, are also in talks with ailing state run carrier Air India AIN.UL to restructure $4 billion of working capital debt.

(Reporting by Swati Pandey and Abhishek Vishnoi; Editing by Rosemary Arackaparambil)

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Ambani brothers took a step toward reconciliation

Ambani brothers took a step toward reconciliation in their long-running feud ending non-compete agreements in a move they hoped would lead to cooperation between the two groups.

Both groups said they aim to reach a conclusion soon for a gas supply agreement between Mukesh Ambani's Reliance Industries (RIL) and younger brother Anil's Reliance Natural Resources that had been at the heart of their dispute. RIL and Reliance ADA Group are hopeful and confident that all these steps will create an overall environment of harmony, co-operation and collaboration between the two groups.

The statement comes two weeks after India's Supreme Court ruled in Mukesh Ambani's favor in a bitter public dispute over gas pricing that had riven India's richest family and raised questions about the role of big business in government policy. While the feud had captivated the attention of India it had been a major distraction for both groups and the government.

The two brothers are estimated to be worth a combined $43 billion and both live in Mumbai but had not been on speaking terms during their dispute. They split the business empire inherited from their father Dhirubhai Ambani in a 2005 deal brokered by their homemaker mother, Kokilaben.

Mukesh, 53, got the jewel -- Reliance Industries, which has interests in oil and gas exploration, petrochemicals, infrastructure and textiles. Anil, 50, got the telecoms, power and financial services businesses.

India's highest court on May 7 ordered the brothers to renegotiate within six weeks a private natural gas supply contract between Reliance Industries and Reliance Natural.

The new contract must abide by a government price of $4.2 per million metric British thermal unit (mmBtu), compared with $2.34 per mmBtu the brothers agreed on in 2005 for a 17-year period.

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India is world's third best performing market in the world during 2009

India came on the third best performing market in the world in 2009 just behind Russia and Brazil.

While the BSE Sensex returned 81% during 2009, the Brazilian market gave investors a slightly higher return of 82.7% and the Russian market offered investors a handsome return of 111.6%. During 2009. The broad market as measured by the movement of BSE Sensex, gained by 81% from December 31,2008 to December 31, 2009.This return was higher than the eleven major world indices such as Nasdaq Composite Index, S&P 500 Index, Dow Jones Industrial Average and Nikkei 225.

The Dow Jones Industrial Average ended higher by 1772.11 points (20.2%) at 10548.50 on December 30, 2009. Nasdaq composite index ended higher by 714.25 points at 2291.28. S&P 500 also ended higher by 223.17 points at 1126.42 on Decemeber 30, 2009. The Nikkei 225 of Japan appreciated by 19% during 2009, buoyed by trading firms such as Mitsui & Co after gains in oil & metals prices, while automakers also edged up. Shanghai SE Composite Index gave 79.2% return in 2009 which is next to India despite higher GDP growth. According to Bloomberge UTV Stock Market News, Beijing will stick to its loose monetary stance, but will try to be more flexible in implementing its policies, People's Bank of China Governor Zhou Xiaochuan said recently.

In Indian Stock Market - Hindustan Tin Works stock has given 600% return during 2009.

Best Script to Buy During 2010.
- Bihar Tube
- Surya Roshni
- Sukhjit Starch and Chemicals

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