Domestic Realty Companies Faces Challenges Post Dubai Storm

Domestic Realty Companies faces Challenges Post Dubai Debt fallout

.

Domestic realty companies which are planning to tap the primary markets may not see a smooth sailing as the Dubai debt crisis is likely to undermine investor confidence in the sector.

.

As many as nine realty companies, including Emmar MGF, have filed their draft red herring prospectus (DRHP) with the market regulator Sebi aiming to raise about Rs 15,000 crore.

.

“It will not be surprising if some realty companies defer their share sale plan.

The Dubai debt crisis will not give any positive signal to investors in realty companies and IPOs of companies like Emmar MGF will face huge challenge,”

SMC Capitals‘ equity head Jagannadham Thunuguntla said.

🙂

.

As per the DRHP filed with the Sebi, nine relators are planning to raise an estimated Rs 15,000 crore through the initial public offers (IPOs).

.

This includes Emmar MGF’s Rs 4,000 crore issue, followed by Sahara Prime City (Rs 3,400 crore), Lodha Developers (Rs 2,700 crore), BPTP (Rs 2,000 crore), and Godrej Properties (Rs 500 crore).

.

Last month, the Dubai government-owned investment company Dubai World asked for a six-month delay on repaying its $ 59 billion debts.

Economic Indicators – Leading the World Part 2

Hello Friends here we come up with an extension of our previous blog, ECONOMIC INDICATORS… “Leading the World” Part 1.

.

🙂

Economic Indicators - Leading the World Part 2

..

In previous Blog, we had touched upon the aspect like

what are Economic Events & Indicators and important sources of data provider for calculating & determining economic indicators.

.

However in this Blog, we would try to know about the classified categories of Economic indicators in details and what is Time Era.

.

Classified Categories:

.

1. Leading indicators:

.

These indicators are to forecast trends of the overall economy.

.

The indicators included in the figure are:

.

interest rate spread, M2 money supply, average manufacturing work week,

manufacturers’ new orders, S&P 500, average weekly unemployment claims,

vendor performance, housing permits, consumer expectations and

manufacturer’s new orders for non-defense capital goods.

.

🙂

.

2. Lagging indicators:

.

An indicator to generate transaction signals or to confirm the strength of a given trend.

It is a measurable economic factor, for example, corporate profits or unemployment that changes after the economy has already moved to a new trend.

.

🙂

.

3. Coincident indicators:

.

It provides information on the current state of the economy.

For example, coincident indicators move up when GDP is growing and down when GDP is shrinking.

.

This indicator varies directly with, and at the same time as, the related economic trend.

.

The four economic statistics comprising the Index of Coincident Economic indicators are

.

– Number of employees on non-agricultural payrolls,

– Personal income less transfer payments,

– Industrial production,

– Manufacturing and

– Trade sales.

.

🙂

.

Time Era:

.

Knowing when each piece of information will be released is important to successful trading.

.

The economic calendars are found on many websites.

.

These figures helps to decide how to trade using these events, it can help explain unanticipated price actions during those periods.

.

These indicators play a vital role in determining the trend or movement of the stock market & the commodities futures.

.

It has been seen many times that when a positive data of these indicators like GDP or Industrial Production comes into picture & looks promising,

the trade of currencies like Euro, USD, INR; precious metals like Gold, Silver, base metals of Copper, Zinc, Lead show a positive move & short-term rally immediately.

.

Stay Tuned for more and more on this 🙂

.

However For More latest Industry,Stock Market and Economy News Updates, Click Here

Food Inflation at 17.5%, Households Pay Price

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

🙂

Food inflation at 17.5%, households pay price

..

Food inflation at 17.5%, households pay price:

.

The government on Thursday said that the average wholesale price of food items had increased by a whopping 17.5% in the past one year.

.

The figure was 15.6% a week ago.

.

RBI to shift to a tighter money policy,which in turn would lead to a rise in interest rates.

.

The Centre has blamed this year’s poor monsoon for high food prices.

.

It also put the onus on state governments to control prices through better management of food supply through ration shops.

.

🙂

.

In Other major Commodities Updates, we bring you the news of Govt opting for transgenic tech to boost pulses production and Natural rubber prices going double in a year.

.

🙂

.

Govt looks to transgenic tech to boost pulses production:

.

The Union government is drawing up a comprehensive programme to introduce transgenic technology to improve the productivity of pulses.

.

Bt refers to a gene sourced from a soil bacterium that is transferred to plants and acts as an insecticide.

.

The Bt gene activates a toxin that kills a class of pests largely responsible for damaging plants and, thus, denting yields.

.

They are genetically low yielding and less responsive to inputs compared with other cereals and oil seeds.

.

Not only are they more prone to pests and diseases, hybrids and genetically modified varieties are not available to enhance productivity.

.

The agriculture department has said it plans to increase pulse production by 2 mt and acreage by 4 million ha by 2012.

.

🙂

.

Natural rubber prices double in a year:

.

The natural rubber (NR) prices have almost doubled in a year.

.

The benchmark grade RSS-4 variety was quoted at Rs 128 a kg on Thursday compared with Rs 65 a kg on same day last year.

.

The rubber market is now poised to break all records despite good production this season.

.

The local market follows its global peers resulting in a sharp increase in the prices in the futures trading.

.

According to Rubber Board estimates, production in November increased to 103,000 tonnes compared with 95,550 tonnes in the same month last year.

.

Production is expected to be at its peak in this month due to the winter season and supply is expected to improve further.

.

The board estimates also revealed that the total stock in the country increased to 247,000 tonnes.

.

This is due to the sharp increase in imports and a drop in exports during April-November.

.

🙂

.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here