A few Indian companies doing real good !

Mainly the Tata group of companies..I've been noticing.

Tata Tea , as well as Tata Power ...in these times of trouble.

Following source article is Business Standard :

"Tata Tea, the world’s second largest branded tea company, said its profit more than tripled because of a one-time gain from forex fluctuation arising out of an overseas deposit made from the sale of a 25 per cent stake in Glaceau.

The profit of the company rose to Rs 229 crore in the three months ended September 30, from Rs 68 crore for the corresponding period last year. The company earned $1 billion last year from selling its stake in Glaceau to Coca-Cola.

The company had earlier said that the money from the sale of Glaceau would be used for retiring debt for the deal ($427 million), other debt on its books and acquisition of beverage companies in the US. "Determining net profit without these gains is difficult and would be inaccurate as we have reported consolidated gains from all our international businesses," said R K Krishna Kumar, vice-chairman, Tata Tea. Signalling troubled times, Tata Tea said its operating profit dropped to Rs 127 crore from Rs 144 crore."

My take : This only shows the LONG-TERM WISDOM of some group of companies...who will ride out the strom irregardless of the BSE troughs..

Read in a leading newspaper..that RJ Tata will benefit irregardless of WHO COMES TO POWER IN THE U.S. That is the mind of a genius.

Indian Stocks touch real low

Indian Stocks, like others touched a real low ...PERCENTAGEWISE...

It's ALWAYS the percent loss that is important..

Source of graph... in.finance.yahoo.com ...Yahoo Finance :




My take is : The FIIs are withdrawing...temporarily investing...WITHDRAWING MAINLY...

So the BSE is falling like anything + "mass psychology" effect + global economic meltdown.

Support should be at 7000...I think. Below that is pure panic-driven numbers..

Congress - CPM alliance..and psephological calculations

This has reference to my earlier posting in this blog.

After Dr. Manmohan Singh has WISELY hinted at a Congress-CPM alliance...my preliminary calculations are as follows:

In the State of West Bengal...both will be beneficiaries. Strategic alliances like leaving Malda & Murshidabad for the INC...will be beneficial to the Congress. This is my prediction, of course.

West Bengal with its 42 seats...According to the last panchayat elections....CPM would perform bad even in the rural areas. But Congress and CPM strategic understanding would turn the tide. In fact...I have even drawn a "demarcation line" across the state of WB....running across Midnapore-Bankura-Hugli-Birbhum....in which the CPM would do surprisingly good...

IFF (meaning If and only If)....

The Western Bloc of rural areas comprising approx. 130 of the 294 Assembly seats...vote for BOTH the CPM and Congress.

The Congress should be given a bit of "concession" for ummm...saving the CPM, me thinks.

Meanwhile..Kerala with its 20 seats...INC + CPM = 19 minimum VERY SAFE it seems.

Disclaimer : I keep changing my auto-forwarding list so often....sometimes in a hurry forget revising the names...hope this doesn't reach the wrong person....hope you go through ALL my blogs 'n' enjoy the new look

Indian Elections 2009...Congress will ally with CPM

That's what seems ....from Ms. Sheela Bhatt's interview with India's Prime Minister Dr. Manmohan Singh...

My take is : Congress-Socialist alliance will be beneficial for both....

Quoting from rediff :

"In a surprise and politically-savvy move, Prime Minister Manmohan Singh, while talking to media persons on his return journey from Beijing, sent the message of peace to Left parties.

He said, "I am not very happy to part company with our left colleagues. In my view, India is faced with difficult problems. All parties, which are committed to secularism and nationalism, must work together to deal with communal and regional divide that is being sought to be created by some anti-social elements."

In a significant move, he has expanded the political space for the Congress, which is being pushed to the wall on issue of secularism and is facing difficulties with his political allies on various other issues.

Three months ago, Left parties parted ways with the United Progressive Alliance but Dr Singh's first overture will be seen pregnant with possibilities for the parties with staunch secular agenda.

Dr Singh confidently claimed he was not seeking an early election."

ANALYSIS : Congress will not go for early elections...as right now with the global economic meltdown...Congress will lose badly.

It will wait till May 2009 when hopefully economy will be better.

Also..it will jon hands with CPM, a socialist party that has become pragmatic..since it is seeking industrialization in the states it rules...

U.S. Elections...Who will CAPITALIZE on the NEW FACTOR ?

Yes...I'm talking about the global economic meltdown.....

Either the G.O.P. or the Dems...whoever CAPITALIZES on this SUDDEN FINANCIAL TSUNAMI WILL WIN

Quoting from New York Times...Article by Fran Silverman...captures voter sentiments:

"

In Darien, Jay Wood, 61, a financial analyst at Merrill Lynch, said he was worried about his job and that he intended to vote for the Republican presidential candidate, Senator John McCain, because he shared his belief in the merits of a free market.

“Most of my concern has to do with finances,” said Mr. Wood, as he grabbed a sandwich at Uncle’s Deli in Darien Center. “I don’t think anyone has an answer on the economy, but I’d rather let the free markettake care of it.”

In Hartford, a state worker who said he has consistently voted Republican in the past said he was leaning toward the Democratic presidential candidate, Senator Barack Obama, because he thought Mr. Obama would do a better job addressing his concerns about layoffs amid climbing gas and grocery prices.

“It’s been eight years of damage by what Bush has done,” said Jason Purslow, 41, a Cheshire resident who works for the State Department of Revenue Services.

Mr. Purslow, who is married and has one child, said that while he originally supported the war in Iraq and considers himself anti-abortion, the state of the economy is trumping all of that as he heads into the voting booth, prepared to cast a ballot for Mr. Obama, who opposed the war from the start and supports abortion rights.

In a state that has been decidedly blue since 1992 in presidential elections, but where unaffiliated voters outnumber Democrats and Republicans, many said this was one of the toughest election decisions they’ve ever had to make. The secretary of the state’s office reported last week that 845,311 out of 2,021,749 registered voters called themselves unaffiliated.

But as in the rest of the country, voters in Connecticut appear to be poised to go to the polls in droves. The secretary of the state also reported that huge numbers of voters have registered, including more than 50,000 just in October.

In interviews, voters across the state talked about the tangled mix of issues they were sorting through as they prepared to cast their ballots on Nov. 4: the war in Iraq, the cost of health care and the experience that they believe each candidate has — or lacks — to lead the country through its troubles. Some said they worried the country was not ready for an African-American president; others said they were favoring McCain, until he picked Sarah Palin, governor of Alaska, as his running mate.

Tonja Bailey, 47, a freelance court stenographer from Stamford, said the cost of health care was a main issue for her. As she headed into the Ferguson Library last week in this Democratic-leaning city, walking past signs for an upcoming Obama rally, Ms. Bailey said it was time for a change in leadership. Ms. Bailey, who is African-American, said she was voting for Mr. Obama not because he is black, but because he understands her financial concerns.

“We need a change but it’s not about color. I agree with Obama that health care is a right,” said Ms. Bailey, who is spending more than $500 a month on health insurance that just covers the basics. “It’s tough right now. It’s very, very hard.”

In Bridgeport, Lamicha Murphy, 40, a packer in a warehouse, said she was voting for Mr. Obama because she was turned off by Ms. Palin, who she said was too inexperienced to be president. But Ms. Murphy, who is African-American, said she worried about whether the country was ready for a black president and was concerned that harm might come to him if he is elected.

Others seem so stumped by the choices — or dissatisfied with both candidates — that they said they were not voting at all. Carley Andrews Brown, 32, who was strolling in downtown Stamford with her 7-month old son, said she felt neither candidate understood her financial situation. This will be the first presidential election in which she said she doesn’t plan to vote at all."

MY TAKE : IT'S TOTAL CONFUSION...GLOBAL ECONOMIC MELTDOWN SHOULD BE THE AGENDA NUMBER 1 FOR ANY PARTY...WHICH PARTY CAPITALIZES ON IT WINS.

I KNOW IT SOUNDS BAD.....BUT THAT'S THE REALITY OF POLITICS.

GLOBAL ECONOMIC MELTDOWN...APPEAL TO KEEP MARKETS OPEN

Though Bush is calling for calm...WE WANT TO KNOW :

WHY DID YOU NOT LISTEN TO WARREN BUFFET or GEORGE SOROS ' WARNINGS ?

GLOBAL ECONOMY CAN BE SAVED ONLY BY HAVING SUCH PEOPLE AS ADVISORS !

Quoting VOA News :

"U.S. President George Bush is urging nations of the world to be patient with a global economic recovery and to maintain policies that keep financial markets open.

During his weekly radio address Saturday, President Bush said it is especially important to continue open market policies at a time when the global economy is uncertain.

Mr. Bush will host a world economic summit in Washington on November 15. He called on leaders attending the summit to recommit themselves to what he describes as "proven methods for creating prosperity and hope."

The former head of the U.S. central bank, Alan Greenspan, told members of Congress Thursday that more regulation of the finance industry is needed. Greenspan opposed tighter regulations during his 18 years as chairman of the U.S. Federal Reserve. Greenspan said the current financial crisis has left him in a "state of shocked disbelief."

ANALYSIS : I SYMPATHIZE WITH A PERSON WITH THE ABILITY OF A. GREENSPAN..BUT WHY WERE THE PREDICTIONS OF GEORGE SOROS, WARREN BUFFET IGNORED ?