CANBERRA: The Indians are likely to field their first team when they take on Cricket Australia Chairman's XI in their second and final warm-up game on Monday with the focus on the fitness of their fast bowlers ahead of the four-match Test series, starting December 26.
With the injury scare to Ishant Sharma, who is likely to be rested on Monday, the focus will be on Zaheer Khan - also returning from injury after playing just a couple of a Ranji matches.
While the bone of contention in the Indian ranks would be about how well Ishant Sharma's injured ankle is shaping up, the Australian team management would be keenly keeping a tab on the form of Phil Hughes and Usman Khawaja before the real action begins.
The team sources insist it would be a precautionary rest for Ishant but at best the issue on his availability is likely to linger till the morning of the first Test in Melbourne on December 26.
In the first practice game (which was not a first-class match), Indian bowlers were taken to cleaners by Tom Cooper and Co as the Chairman's XI scored 398.
However, Sachin Tendulkar's fluent 92 and VVS Laxman's half-century have given assurances to the visitors.
Monday's match would offer a first outing for the likes of skipper Mahendra Singh Dhoni, Virender Sehwag, off-spinner Ravichandran Ashwin, who according to senior Australian batsman Mike Hussey has earned a lot of respect from the home team.
Sehwag will be a big draw, fresh from his record double century in one-day internationals. He would have fond memory of Manuka Oval where he thumped a century during the 2007-08 tour that paved his return to Test ranks in the subsequent Perth Test.
All eyes will also be on Zaheer Khan who is back in the team after proving his match-fitness in two Ranji Trophy games against Orissa and Saurashtra. It is particularly to counter Zaheer's swing that Australians have ordered a batting camp.
India's pace spearhead is back in the ranks pulling out midway through the first day of the first Test against England at the Lord's back in July. Since then, he has gone through an ankle surgery and a rehabilitation programme.
Zaheer's presence would also offer the Australians an insight into how their young batsmen are ready for the challenge of swing.
Test players like Hughes, Warner, Khawaja and those seeking a recall like, Trent Copeland would all spice up the contest. While talents of the future, opener Ed Cowan and batsman Alex Doolan would also be looking to earn their stripes.
Rain though is likely to play spoilsport on the opening day on Monday with nearly a certain forecast of thunders and showers promised by the weathermen.
Sunday, December 18, 2011
Ajit Singh sworn in as cabinet minister
New Delhi: Days after he struck an electoral deal with the ruling UPA, Rashtriya Lok Dal (RLD) leader Ajit Singh was Sunday sworn in as cabinet minister at a brief ceremony at Rashtrapati Bhavan.
Singh was the only minister to take oath at a 50-minute ceremony. President Pratibha Patiladministered the oath.
Son of former Prime Minister Charan Singh, Ajit Singh is a six-time member of the Lok Sabha and represents the family bastion Baghpat.
Prime Minister Manmohan Singh, Congress president Sonia Gandhi, Congress general secretary Rahul Gandhi and some ministers were present as the 72-year-old Jat leader took oath in Hindi.
Several senior ministers stayed away due to prior engagements. These included Finance MinisterPranab Mukherjee and External Affairs Minister S.M. Krishna.
Vice President Hamid Ansari, Defence Minister A.K. Antony, Home Minister P. Chidambaram, Commerce and Industry Minister Anand Sharma and Renewable Energies Minister Farooq Abdullah were among those present.
The RLD has five members in the Lok Sabha, including Singh and his son Jayant Chaudhary.
Singh, who joined the United Progressive Alliance Dec 12, is likely to be made the civil aviation minister.
The Congress admitted the RLD into the ruling alliance in a bid to improve its prospects in the coming Uttar Pradesh assembly elections.
Chidambaram withdraws comment on Mullaperiyar dam
CHENNAI: Following a furore in Kerala over his remarks on the Mullaperiyar dam issue, Union home minister P Chidambaram was quick to douse the fire admitting that his "passing reference" to a bypoll fever was "unnecessary".
"Like some other speakers, I also made a passing reference to the forthcoming byelection. I take back that remark. That reference was not necessary and it was not my intention to hurt the feelings of anyone," Chidambaram said in a statement issued on Sunday.
"I continue to believe that the issue must be resolved in a spirit of cooperation and brotherhood between the people of the two States," he added.
At a function organised by the Tamil Nadu Congress Committee in Chennai on Saturday, Chidambaram freely aired his views on the Mullaperiyar issue, expressing hope that the Supreme Court verdict on the dam imbroglio would be in Tamil Nadu's favour.
Also referring to reports that Kerala's protests over the dam had much to do with a by-poll scheduled there, Chidambaram said, "It is not a fear that came about suddenly, but a fear because of a byelection." The Minister was referring to the by-poll in Piravom constituency which falls within Ernakulam district and the schedule for which is yet to be announced.
But Chidambaram's remarks, coming in the midst of violence and tension in both Tamil Nadu and Kerala and the aggressive posturing of political leaders in both the states over the Mullaperiyar dam, evoked loud response from Kerala. Chief minister Oomen Chandy reacted sharply threatening to take up the matter with the Congress high command. "What he had said should not have been said. As a national leader and as a Union Minister, his statement cannot be approved under any circumstances," Chandy said.
Chidambaram appealed to the people of Kerala and Tamil Nadu to read the whole of his speech delivered at a Congress party function, "which has been extensively reported" in the media. "I appealed to everyone that we must act with dignity, restraint and patience. I said that fears over the safety of the dam were not justified but it was our duty to allay the apprehensions on the safety of the dam," Chidambaram said in his statement.
He said the safety of the dam was the concern of not only Kerala but also Tamil Nadu, because Tamil Nadu was dependent on the water from the dam. "I also appealed to everyone to await the report of the three-judge panel and the decision of the Supreme Court," he said.
"Like some other speakers, I also made a passing reference to the forthcoming byelection. I take back that remark. That reference was not necessary and it was not my intention to hurt the feelings of anyone," Chidambaram said in a statement issued on Sunday.
"I continue to believe that the issue must be resolved in a spirit of cooperation and brotherhood between the people of the two States," he added.
At a function organised by the Tamil Nadu Congress Committee in Chennai on Saturday, Chidambaram freely aired his views on the Mullaperiyar issue, expressing hope that the Supreme Court verdict on the dam imbroglio would be in Tamil Nadu's favour.
Also referring to reports that Kerala's protests over the dam had much to do with a by-poll scheduled there, Chidambaram said, "It is not a fear that came about suddenly, but a fear because of a byelection." The Minister was referring to the by-poll in Piravom constituency which falls within Ernakulam district and the schedule for which is yet to be announced.
But Chidambaram's remarks, coming in the midst of violence and tension in both Tamil Nadu and Kerala and the aggressive posturing of political leaders in both the states over the Mullaperiyar dam, evoked loud response from Kerala. Chief minister Oomen Chandy reacted sharply threatening to take up the matter with the Congress high command. "What he had said should not have been said. As a national leader and as a Union Minister, his statement cannot be approved under any circumstances," Chandy said.
Chidambaram appealed to the people of Kerala and Tamil Nadu to read the whole of his speech delivered at a Congress party function, "which has been extensively reported" in the media. "I appealed to everyone that we must act with dignity, restraint and patience. I said that fears over the safety of the dam were not justified but it was our duty to allay the apprehensions on the safety of the dam," Chidambaram said in his statement.
He said the safety of the dam was the concern of not only Kerala but also Tamil Nadu, because Tamil Nadu was dependent on the water from the dam. "I also appealed to everyone to await the report of the three-judge panel and the decision of the Supreme Court," he said.
Sunday, November 20, 2011
Friday, September 9, 2011
10 years of 9/11: Qaida jitters on anniv eve
WASHINGTON: Dark forebodings on the economy, war fatigue and a sense of dread over terrorism pervades America on the eve of the 10th anniversary of the event known as 9/11, when terrorists attacked the United States with four hijacked passenger airplanes.
Although there has not been a single successful attack on America since that catastrophic day, the world's most powerful country, albeit with declining strength, is on edge at the prospect of a "commemorative" attack. Federal authorities on Thursday warned local law enforcement agencies of a potential terrorist threat involving car bombs in New York and Washington that could coincide with the 10th anniversary of 9/11.
The Department of Homeland Security said it had information about a "specific, credible but unconfirmed threat," and the White House said President Obama was briefed on Thursday morning and has been updated throughout the day. One official was quoted as saying the threat was "more than aspirational".
The concern is heightened by documents that were found inside Osama bin Laden's compound in Abbottabad, Pakistan, that mentioned aspirations to strike on the 10th anniversary of the 2001 attacks.
The situation is fraught because President Obama, who has taken as hard a line against terrorism as his predecessor, will be on the road over the next few days to promote his jobs campaign, and will attend commemorative events in Shanksville, Pennsylvania and New York City in between.
Vehicular traffic into NYC and Washington DC and electronic communication is being subjected to intense scrutiny by thousands of security personnel and intelligence analysts using technology that till recently was in the realm of science fiction.
Obama administration officials are trying not to be alarmist because of false signals in the past, but abundant caution is the order of the day because of fears of charges of negligence, an accusation made in case of 9/11 when telltale signs and intelligence was ignored.
After initially saying there was no known credible threat related to the 9/11 anniversary, homeland security secretary Janet Napolitano reeled back on Thursday, saying, "It is still the case that we don't have something that would reach that standard, but we still have lots of chatter out there. And we take every bit of that seriously and track it down."
Although there has not been a single successful attack on America since that catastrophic day, the world's most powerful country, albeit with declining strength, is on edge at the prospect of a "commemorative" attack. Federal authorities on Thursday warned local law enforcement agencies of a potential terrorist threat involving car bombs in New York and Washington that could coincide with the 10th anniversary of 9/11.
The Department of Homeland Security said it had information about a "specific, credible but unconfirmed threat," and the White House said President Obama was briefed on Thursday morning and has been updated throughout the day. One official was quoted as saying the threat was "more than aspirational".
The concern is heightened by documents that were found inside Osama bin Laden's compound in Abbottabad, Pakistan, that mentioned aspirations to strike on the 10th anniversary of the 2001 attacks.
The situation is fraught because President Obama, who has taken as hard a line against terrorism as his predecessor, will be on the road over the next few days to promote his jobs campaign, and will attend commemorative events in Shanksville, Pennsylvania and New York City in between.
Vehicular traffic into NYC and Washington DC and electronic communication is being subjected to intense scrutiny by thousands of security personnel and intelligence analysts using technology that till recently was in the realm of science fiction.
Obama administration officials are trying not to be alarmist because of false signals in the past, but abundant caution is the order of the day because of fears of charges of negligence, an accusation made in case of 9/11 when telltale signs and intelligence was ignored.
After initially saying there was no known credible threat related to the 9/11 anniversary, homeland security secretary Janet Napolitano reeled back on Thursday, saying, "It is still the case that we don't have something that would reach that standard, but we still have lots of chatter out there. And we take every bit of that seriously and track it down."
Hike 2nd-class and sleeper fares: Finance ministry to Railways
NEW DELHI: The finance ministry has asked the Railways to increase fares for second-class and sleeper categories to help the state-run transporter raise resources and reduce its reliance on the government budget.
The move comes at a time when the government is trying to streamline its spending and find additional resources to meet its fiscal target set for the current financial year. The government has already announced some belt tightening measures to keep a tight leash on its spending.
"Ministry of Railways need to look at revision of passenger tariff particularly on second-class and sleeper category which have not been revised for many years. This category of passengers accounts for more than 90% of total passenger traffic," R Gopal, secretary, department of economic affairs, wrote in a letter to Railway Board chairman Vinay Mittal.
"In order to generate additional resources both in the short and medium terms to sustain the process of fiscal consolidation undertaken by the government, a need has been felt to review and align the tariff to present cost of delivery/operation," Gopal wrote.
The Railways last raised fares in 2002-03, when the minimum fare for second-class mail and express trains went up from Rs 15 to Rs 16. Passenger fares were marginally reduced for three consecutive years during Lalu Prasad Yadav's tenure as railway minister in the first term of theUPA government. But Yadav had raised money from other sources such as Tatkal tickets and express charges. During her tenure in UPA-2, Mamata Banerjee did not touch fares, keeping an eye on the West Bengal assembly elections.
According to the economic affairs secretary, the Sixth Pay Commission and high fuel costs have seriously impacted the operating ratio of the railways. Therefore, there is a need to reduce the dependence on government budget and generate resources for capacity addition.
An increase in passenger fares would come against the backdrop of rising price pressure. Inflation is hovering around the 9% mark while food inflation has hit double digits. The Reserve Bank of India has raised interest rates 11 times since March 2010 to tame inflation. This has raised borrowing costs and increased the outgo on monthly equated instalments on home and auto loans.
"The finance ministry wants the Railways to recover its cost of operation from the increase in passenger fares," said an official, who did not wish to be identified.
Railway minister Dinesh Trivedi has also told the planning commission last month about urgent need for a fare hike to address the financial problems faced by the transporter. Financial constraints have hurt its ambitious modernisation and safety plans. Many expect an increase, but only in AC-class fares which will not affect the aam admi.
The Railways ministry has also argued before the Commission for setting up of independent tariff regulator for determining passenger and freight rates and linking it with wholesale price index.
Successive railway ministers have shied away from raising passenger and freight fares bowing to populist pressures. The Sixth Pay Commission had imposed an additional burden of around Rs 70,000 crore on the Railways.
The railways employee's unions have also raised the issue and asked the railway minister to consider raising fares. In a letter to the minister, All India Railwaymen's Federation (AIRF) general secretary Shiva Gopal Mishra said, "For the past eight years, not a single penny has been raised in the passenger fare. Instead, Rs 1 has been reduced in each of the last three years. With the result, about Rs 20,000 crore has been drained out on the subsidy on passenger fare and is likely to go up this year."
The Comptroller and Auditor General has also raised the red flag on railways finances, saying the transporter was left with a revenue surplus of a paltry Rs 75 lakh during 2009-10. It has said the railways need to consider rationalization of freight and passenger tariffs through some form of pre-determined non discretionary inflation indexing.
It has also said there is a need to cut heavy cross-subsidization from freight to passenger service which ranged between 16-26 % during 2004-05 to 2008-09.
The move comes at a time when the government is trying to streamline its spending and find additional resources to meet its fiscal target set for the current financial year. The government has already announced some belt tightening measures to keep a tight leash on its spending.
"Ministry of Railways need to look at revision of passenger tariff particularly on second-class and sleeper category which have not been revised for many years. This category of passengers accounts for more than 90% of total passenger traffic," R Gopal, secretary, department of economic affairs, wrote in a letter to Railway Board chairman Vinay Mittal.
"In order to generate additional resources both in the short and medium terms to sustain the process of fiscal consolidation undertaken by the government, a need has been felt to review and align the tariff to present cost of delivery/operation," Gopal wrote.
The Railways last raised fares in 2002-03, when the minimum fare for second-class mail and express trains went up from Rs 15 to Rs 16. Passenger fares were marginally reduced for three consecutive years during Lalu Prasad Yadav's tenure as railway minister in the first term of theUPA government. But Yadav had raised money from other sources such as Tatkal tickets and express charges. During her tenure in UPA-2, Mamata Banerjee did not touch fares, keeping an eye on the West Bengal assembly elections.
According to the economic affairs secretary, the Sixth Pay Commission and high fuel costs have seriously impacted the operating ratio of the railways. Therefore, there is a need to reduce the dependence on government budget and generate resources for capacity addition.
An increase in passenger fares would come against the backdrop of rising price pressure. Inflation is hovering around the 9% mark while food inflation has hit double digits. The Reserve Bank of India has raised interest rates 11 times since March 2010 to tame inflation. This has raised borrowing costs and increased the outgo on monthly equated instalments on home and auto loans.
"The finance ministry wants the Railways to recover its cost of operation from the increase in passenger fares," said an official, who did not wish to be identified.
Railway minister Dinesh Trivedi has also told the planning commission last month about urgent need for a fare hike to address the financial problems faced by the transporter. Financial constraints have hurt its ambitious modernisation and safety plans. Many expect an increase, but only in AC-class fares which will not affect the aam admi.
The Railways ministry has also argued before the Commission for setting up of independent tariff regulator for determining passenger and freight rates and linking it with wholesale price index.
Successive railway ministers have shied away from raising passenger and freight fares bowing to populist pressures. The Sixth Pay Commission had imposed an additional burden of around Rs 70,000 crore on the Railways.
The railways employee's unions have also raised the issue and asked the railway minister to consider raising fares. In a letter to the minister, All India Railwaymen's Federation (AIRF) general secretary Shiva Gopal Mishra said, "For the past eight years, not a single penny has been raised in the passenger fare. Instead, Rs 1 has been reduced in each of the last three years. With the result, about Rs 20,000 crore has been drained out on the subsidy on passenger fare and is likely to go up this year."
The Comptroller and Auditor General has also raised the red flag on railways finances, saying the transporter was left with a revenue surplus of a paltry Rs 75 lakh during 2009-10. It has said the railways need to consider rationalization of freight and passenger tariffs through some form of pre-determined non discretionary inflation indexing.
It has also said there is a need to cut heavy cross-subsidization from freight to passenger service which ranged between 16-26 % during 2004-05 to 2008-09.
Friday, August 19, 2011
Anna detained; what next?
New Delhi: Anna Hazare courted arrest after being detained by Delhi Police at his residence in Mayur Vihar ahead of his indefinite fast. Calling for a struggle to fight corruption and change the existing system, social activist Anna Hazare said he will court arrest today if the police does not allow him to reach the venue of his fast. He also appealed to people to go to jail in support of the anti-corruption struggle.
"We will go to JP Park tomorrow (Tuesday) for our fast. I have learnt that Section 144 (prohibiting gathering of five or more people) has been imposed. If they (police) refuse to allow us to proceed, we will sit there only. We are ready to go to jail. I appeal to people all over the country that when we go to jail, people in villages should also go to jail," Hazare told mediapersons here.
He said that when the government releases them from jail they will again go on a fast. Hazare said going to jail was not a slur and should not be considered bad.
"There should be a jail bharo (fill the jail) movement in villages," he said.
He urged people to stay non-violent, saying that if they resort to violence the government has the power to crush the agitation.
Hazare had declared that he would go on fast Aug 16 for a strong Lokpal bill.
He said that when the government releases them from jail they will again go on a fast. Hazare said going to jail was not a slur and should not be considered bad.
"There should be a jail bharo (fill the jail) movement in villages," he said.
He urged people to stay non-violent, saying that if they resort to violence the government has the power to crush the agitation.
Hazare had declared that he would go on fast Aug 16 for a strong Lokpal bill.
SBI to start wealth management business
Mumbai: State Bank of India (SBI) is set to venture into the wealth management business and financial planning services to cash in on its extensive branch network and large client base. "We are currently running this service on a pilot basis and roll out through select branches across important cities and town would be done soon," said a senior official at SBI.
Wednesday, August 10, 2011
Brokerages call on Sun TV, Mah Satyam, ABB, Sobha Devlp
JP Morgan maintains its underweight stance onABB with a target of Rs 816. This is because the reported EBITDA margin for the first quarter was well below estimates. Margin pressure was led by raw material cost pressures.
Merrill Lynch has downgraded Sun TV to neutral from buy and cut its target from Rs 540 to Rs 345. The stock has underperformed by 30% and Merrill Lynch expects limited upside to the share price.
RBS recommends a buy on Mahindra Satyam with a target of Rs 94. Satyam's good execution continued in the first quarter and high lateral employee additions indicates continued demand visibility. RBS believes the recent correction due to increased macro headwinds factors in any risk relating to Satyam's higher exposure to discretionary spend.
Merrill Lynch reiterates a buy on Sobha Developersbut has cut its target price to Rs 375. The increase in debt due to investment in its Gurgaon project was a big disappointment. Merrill has cut earnings estimate by 12% for FY12 to factor in lower sales and higher taxes.
Buying banks, autos; moving out of pharma: PN Vijay
PN Vijay, Portfolio Manager, in an interview to CNBC-TV18 citied his views on various sectors and how should one play stocks in these sectors in the current market situation.
"We have been buying beaten down stocks in sector like banks and auto." The reason being, a precipitous fall in commodities including crude. This is expected to lead to a downward trend in inflation and interest rates in the last quarter of calendar year.
He suggests, one should follow a pecking order to enter infrastructure space in some time. He said, "L&T would be one everybody’s list. Then one can look at contractors, companies which are not asset based companies but who play for a margin likeIVRCL or IRB Infra ."
For the IT sector, he says one should wait and watch but with an inclination to get into it again. He says, IT majors will see some softness in the volume of contract but they aren't unduly worried. However, these majors will feel some pressure on pricing. He picks Infosys and TCS from the IT space.
Sensex closes up 272 points after 6 days of bloodshed
The BSE benchmark snapped a six-day losing streak, on Wednesday, rallying 1.6% following strong global cues, which included the US Federal Reserve’s pledge to keep interest rates near zero for two more years.
However, a volatile European market and fragile US index futures kept investors on the edge of their seats in the last hour of trade.
Tuesday, May 24, 2011
A troubled market: More pain, longer recovery!
A dark shade of red was cast over Dalal Street on Monday. Eurozone debt concerns took centre-stage once again, and markets across the world sold off. The shockwaves were felt back in India too and the Nifty broke the 5,400 support to close at 5,386, while the Sensex closed below the 18,000 mark, with a 330 point cut.
You may have thought last week's 1% fall was enough bad news, but the markets had other plans—the hurt doesn't end here. Experts say there's more pain left in the system. (But there are others who are confident of blue skies ahead)
There was no shortage of negative cues—from worries over Europe's sovereign debt crisis, to India's troubles with high inflation, to F&O expiry on Thursday, to talk that the government may price BHEL's FPO below the current market price—and an already sour mood on Dalal Street became worse, leaving traders with a bad taste in the mouth.
But JP Morgan's managing director and chief emerging market strategist Adrian Mowat says all emerging markets are seeing pain, so India's situation is not a cause for concern. "I expect earnings to be revised down in India, but that doesn’t make me relatively more negative on India, because it’s a trend that I am seeing in other emerging markets as well." Experts add that a recovery will begin only when some liquidity comes in. "The flow dynamics in India are changing and in this a meaningful point is that last year we saw outflows from both local mutual funds and local insurance companies. The level of outflows is moderated considerably in India this year. So a smaller level of Net FII buying will be sufficient to push this mkt up," Mowat stated.
Market analyst Sangeeta Purushottam, said, "The only thing which can actually work in favour of the market at a time when they are grappling with a whole lot of fundamental issues is if there is an inflow of liquidity like what we saw happening a few weeks ago but in the absence of that internally there aren’t enough factors to sustain them at higher levels."
So when will we see a sustained recovery?
"I think if we do see improvement happening it will probably be towards the tail-end of the year or it may even spill on to the next year when we start focussing on FY13 numbers and we have some sense whether the tightening cycle is behind us," Purushottam said.
So for the moment, it looks like the market will have to endure some pain till the negative factors are expunged, prices ease, and growth gets back on track.
Tags: market, nifty, sensex, BHEL, JP Morgan, Adrian Mowat, Sangeeta Purushottam
You may have thought last week's 1% fall was enough bad news, but the markets had other plans—the hurt doesn't end here. Experts say there's more pain left in the system. (But there are others who are confident of blue skies ahead)
There was no shortage of negative cues—from worries over Europe's sovereign debt crisis, to India's troubles with high inflation, to F&O expiry on Thursday, to talk that the government may price BHEL's FPO below the current market price—and an already sour mood on Dalal Street became worse, leaving traders with a bad taste in the mouth.
But JP Morgan's managing director and chief emerging market strategist Adrian Mowat says all emerging markets are seeing pain, so India's situation is not a cause for concern. "I expect earnings to be revised down in India, but that doesn’t make me relatively more negative on India, because it’s a trend that I am seeing in other emerging markets as well." Experts add that a recovery will begin only when some liquidity comes in. "The flow dynamics in India are changing and in this a meaningful point is that last year we saw outflows from both local mutual funds and local insurance companies. The level of outflows is moderated considerably in India this year. So a smaller level of Net FII buying will be sufficient to push this mkt up," Mowat stated.
Market analyst Sangeeta Purushottam, said, "The only thing which can actually work in favour of the market at a time when they are grappling with a whole lot of fundamental issues is if there is an inflow of liquidity like what we saw happening a few weeks ago but in the absence of that internally there aren’t enough factors to sustain them at higher levels."
So when will we see a sustained recovery?
"I think if we do see improvement happening it will probably be towards the tail-end of the year or it may even spill on to the next year when we start focussing on FY13 numbers and we have some sense whether the tightening cycle is behind us," Purushottam said.
So for the moment, it looks like the market will have to endure some pain till the negative factors are expunged, prices ease, and growth gets back on track.
Tags: market, nifty, sensex, BHEL, JP Morgan, Adrian Mowat, Sangeeta Purushottam
DLF Q4 net profit seen up 4% at Rs 484 cr.
is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 revenues are seen down 7% at Rs 2400 crore versus Rs 2594 crore, quarter-on-quarter, QoQ.
Its EBIDTA is seen down 10% to Rs 1157 crore versus Rs 1,292 crore, QoQ.
The company's net profit is seen up 4% Rs 484 crore versus Rs 466 crore, QoQ.
Highlights
DLF launched 6.5 MSF in 9MFY11, 4 MSFT in 4QFY11
DLF had indicated launches of 8.6 MSF during Q4
DLF likely to miss its FY11 sales guidance of 12 MSFT
DLF had clocked in 12.5 MSF during FY10
DLF likely to clock in sales of 2 To 2.5 MSFT during the Qtr 4
Revenues likely to be boosted by recognising of sales of Plotted Developments in Chandigarh
Q4 launches include Kings Court (New Delhi) Horizon Centre (Gurgaon, Commercial) Hyde Park (Chandigarh)
Company had indicated launching 8.6 MSFT during Q4
Company expected to keep up with leasing targets
Comapny estimated to clock in lease of 1-1.5 MSFT
Company had targetted 3-4 MSF for the full year
Debt likely to reduce from Q2
Debt figure key Monitorable
Interest cost increasing to impact DLF negetively
No fresh divestment of non core assets expected during Q4
Its EBIDTA is seen down 10% to Rs 1157 crore versus Rs 1,292 crore, QoQ.
The company's net profit is seen up 4% Rs 484 crore versus Rs 466 crore, QoQ.
Highlights
DLF launched 6.5 MSF in 9MFY11, 4 MSFT in 4QFY11
DLF had indicated launches of 8.6 MSF during Q4
DLF likely to miss its FY11 sales guidance of 12 MSFT
DLF had clocked in 12.5 MSF during FY10
DLF likely to clock in sales of 2 To 2.5 MSFT during the Qtr 4
Revenues likely to be boosted by recognising of sales of Plotted Developments in Chandigarh
Q4 launches include Kings Court (New Delhi) Horizon Centre (Gurgaon, Commercial) Hyde Park (Chandigarh)
Company had indicated launching 8.6 MSFT during Q4
Company expected to keep up with leasing targets
Comapny estimated to clock in lease of 1-1.5 MSFT
Company had targetted 3-4 MSF for the full year
Debt likely to reduce from Q2
Debt figure key Monitorable
Interest cost increasing to impact DLF negetively
No fresh divestment of non core assets expected during Q4
Saturday, March 12, 2011
Is brute force being used by cops to quell protests?
In the past six months, UP police have resorted to lathicharge time and again. The Opposition claims the cops have given short shrift to the concept of 'good policing' and wreak vengeance on agitators; just to please their political masters.
Ind vs SA: South Africa beat India by 3 wickets
NAGPUR: It was billed as the clash of the titans. And boy, did the match live up to the expectations! Like champion boxers Mohammad Ali and Joe Frazier, the two heavyweights of Group B traded one punch after the other and eventually it was the Proteas that walked away winners beating the hosts by three wickets and two balls to spare.
Chasing 297, it was a scrappy, sweaty win, but Graeme Smith's boys will take it after they failed to chase down 172 to lose by six runs to England in Chennai last Sunday.
The 'C' word can be put in the dustbin for now. Surely.
Things didn't look too rosy for the Proteas at the beginning though. Indian skipper MS Dhoni won the toss and chose to bat on a batting beauty, well, at least it appeared so for a good part of the Indian innings.
India, who went in with three pacers, dropping leggie Piyush Chawla for Munaf Patel, blazed away at the start. Openers Sachin Tendulkar and Virender Sehwag punished the South African new-ball bowlers Dale Steyn and Morne Morkel who bowled too short and too wide.
Tendulkar (111, 101 balls, 8x4, 3x6) was in a dominating mood. His straight drive off Morne Morkel has an indication that something special was in store.
The Indian legend got to his 48th ODI ton and his 99th international hundred and a record sixth World Cup score in excess of hundred while adding 142 in just 17.4 overs with Virender Sehwag who was equally destructive in scoring 73 (66 balls, 12x4).
Tendulkar also added 125 for the second wicket with Gautam Gambhir (69, 75 balls, 7x4) and it looked as if India will make the most of winning the toss.
At 267 for 1 in 39.3 overs and some power-hitters still in the hut, a score in excess of 350 looked a formality. But that's when South Africa showed why this team is special and different to the ones in earlier World Cups.
Man of the match Dale Steyn (5-50) played a key role in his team's fightback to bag his maiden five-wicket haul in one-day internationals as India botched up their batting powerplay to lose four wickets for just 30 runs, including the ones of their set batsmen Tendulkar and Gambhir.
There was complete lack of thought as batsmen after batsmen attempted the big stroke as India lost their last nine wickets for just 29 runs to be bowled out for 296 in 48.4 overs.
While chasing, South Africa's heroes were Jacques Kallis (69), Hashim Amla (61) and AB de Villiers (52). Faf du Plessis (25 not out), Robin Peterson (18 not out) and JP Duminy (23) also played vital cameos to contribute to the victory.
The final stages of the match were frenetic and exciting. Peterson kept his cool in the company of Du Plessis as South Africa required 13 off the last over to be bowled by Ashish Nehra. Peterson needed just four deliveries out of those six.
He inside-edged a slog for four and followed it with a six to long-on to seize the moment. He hit two off the next ball before finishing with another four to cover to silence a packed house.
For South Africa, it was the third win in four matches and they now have six points and are third on the table. Hosts and tournament favourites India still remain on top of the group with seven points from five matches. They play the West Indies next Sunday in Chennai.
Chasing 297, it was a scrappy, sweaty win, but Graeme Smith's boys will take it after they failed to chase down 172 to lose by six runs to England in Chennai last Sunday.
The 'C' word can be put in the dustbin for now. Surely.
Things didn't look too rosy for the Proteas at the beginning though. Indian skipper MS Dhoni won the toss and chose to bat on a batting beauty, well, at least it appeared so for a good part of the Indian innings.
India, who went in with three pacers, dropping leggie Piyush Chawla for Munaf Patel, blazed away at the start. Openers Sachin Tendulkar and Virender Sehwag punished the South African new-ball bowlers Dale Steyn and Morne Morkel who bowled too short and too wide.
Tendulkar (111, 101 balls, 8x4, 3x6) was in a dominating mood. His straight drive off Morne Morkel has an indication that something special was in store.
The Indian legend got to his 48th ODI ton and his 99th international hundred and a record sixth World Cup score in excess of hundred while adding 142 in just 17.4 overs with Virender Sehwag who was equally destructive in scoring 73 (66 balls, 12x4).
Tendulkar also added 125 for the second wicket with Gautam Gambhir (69, 75 balls, 7x4) and it looked as if India will make the most of winning the toss.
At 267 for 1 in 39.3 overs and some power-hitters still in the hut, a score in excess of 350 looked a formality. But that's when South Africa showed why this team is special and different to the ones in earlier World Cups.
Man of the match Dale Steyn (5-50) played a key role in his team's fightback to bag his maiden five-wicket haul in one-day internationals as India botched up their batting powerplay to lose four wickets for just 30 runs, including the ones of their set batsmen Tendulkar and Gambhir.
There was complete lack of thought as batsmen after batsmen attempted the big stroke as India lost their last nine wickets for just 29 runs to be bowled out for 296 in 48.4 overs.
While chasing, South Africa's heroes were Jacques Kallis (69), Hashim Amla (61) and AB de Villiers (52). Faf du Plessis (25 not out), Robin Peterson (18 not out) and JP Duminy (23) also played vital cameos to contribute to the victory.
The final stages of the match were frenetic and exciting. Peterson kept his cool in the company of Du Plessis as South Africa required 13 off the last over to be bowled by Ashish Nehra. Peterson needed just four deliveries out of those six.
He inside-edged a slog for four and followed it with a six to long-on to seize the moment. He hit two off the next ball before finishing with another four to cover to silence a packed house.
For South Africa, it was the third win in four matches and they now have six points and are third on the table. Hosts and tournament favourites India still remain on top of the group with seven points from five matches. They play the West Indies next Sunday in Chennai.
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