Browsing articles from "August, 2012"
Aug
17
2012

Indian economy to grow at around 7% in FY13 – Economic Outlook FY13:

PMEAC growth outlook

C Rangaran, the chairman of PMEAC (Prime Minister’s Economic Advisory Council) expects the Indian economic growth to stand at 6.5% – 7% in FY13. The presented number is in accordance with the RBI estimate of 7%. He has presented the mid-year economic outlook for FY13 and proposed the expected growth rate for various sectors for the coming fiscal. The committee compared the previous years’ growth numbers and forecasted the expected numbers for FY13. The figures […]

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Aug
15
2012

Circular Trading:

Fundamental analysis

Circular trading is a fraudulent trading practice which aims at artificially creating high trading volumes and affecting the price of the stock. It is a practice whereby two or more brokers/clients enter the buy or sell order who know beforehand that a similar offsetting order for the same stock at a similar price and quantity have been entered or is to be entered at the same time by some another person. For instance if two […]

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Aug
9
2012

June IIP disappointing data depicting contraction:

IIP data

The IIP (Index of Industrial Production) numbers as released for the month of June are very disappointing. Instead of exhibiting a growth of the Indian economy, the numbers posted contraction to 1.8%. The figures for the month of May were 2.5% but the economy contracted to 1.8% m-o-m (month-on-month). The individual sectors’ growth numbers were also alarming including the capital goods, manufacturing sector and consumer non-durables sector. The IIP figure for mining sector grew at 0.6% […]

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Aug
8
2012

Coal India finalizes FSA:

Coal India - FSA

The world’s largest coal miner Coal India Ltd. has finally decided the most discussed penalty clause included in the FSA (Fuel Supply Agreement). In the meeting held on Aug 7, 2012 the CIL board approved the penalty clause associated with the agreement. According to the newly decided clause, now the CIL is bound to supply 80% of the coal needs for the new power projects. For fulfilling 80% of the coal needs the CIL stipulated […]

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