HDFC is trading in its 5th impulsive wave presently trading in 4 of 5th wave so 5 of 5th is pending can long this with strict sl below 1590 for first target of 1740
cheers
rish
Friday, November 24, 2006
HDFC
HDFC is trading in its 5th impulsive wave presently trading in 4 of 5th wave so 5 of 5th is pending can long this with strict sl below 1590 for first target of 1740
cheers
rish
Thursday, November 23, 2006
Apollo Hospitals Plans to Open 500 Indian Drugstores
Apollo Hospitals Enterprise Ltd. plans to open more than two dozen drugstores a month through May 2008 in India, where pharmaceutical 
sales are growing 10 percent a year.
Apollo, India's biggest health-care company, plans to invest 1.18 billion rupees ($26 million) expanding its chain of pharmacies to 850 from 350 over the next 18 months, K. Padmanabhan, the Chennai-based company's president, said in a telep
hone interview yesterday.
The company is widening its reach in a country where economic growth and rising household incomes are stoking demand for medicines and health care. Drug sales in India may increase 10 percent this year and next, outpacing global growth of about 7 percent, pharmaceutical research company IMS Health said last month.
Apollo's shares rose 0.2 rupee to end trading at 464.15 rupees on the Bombay Stock Exchange. The stock has declined 7 percent this year.
Apollo also plans to buy more hospitals in the country as the need for medical treatment grows in the world's second-most populated country. It already owns 22 hospitals in India and manages 19 hospitals locally and in countries including Bangladesh and Nigeria.
It's seeking facilities in Mumbai and cities in the Indian states of Uttar Pradesh and Andhra Pradesh, Padmanabhan said.
``We are actively looking at acquisitions of hospitals,'' he said. ``We're looking at valuations.''
Apollo, which hasn't set aside any money for acquisitions so far, has 1 billion rupees in cash available from its sale of securities overseas last year, Padmanabhan said. It would also consider borrowing from banks or the overseas-sale of bonds that can be exchanged for shares to make its purchases, he said.
The company plans to double the number of hospital beds it owns and manages to 14,000 in five years, and is management contracts in the Caribbean including Barbados and the Bahamas.
sales are growing 10 percent a year.Apollo, India's biggest health-care company, plans to invest 1.18 billion rupees ($26 million) expanding its chain of pharmacies to 850 from 350 over the next 18 months, K. Padmanabhan, the Chennai-based company's president, said in a telep
hone interview yesterday.The company is widening its reach in a country where economic growth and rising household incomes are stoking demand for medicines and health care. Drug sales in India may increase 10 percent this year and next, outpacing global growth of about 7 percent, pharmaceutical research company IMS Health said last month.
Apollo's shares rose 0.2 rupee to end trading at 464.15 rupees on the Bombay Stock Exchange. The stock has declined 7 percent this year.
Apollo also plans to buy more hospitals in the country as the need for medical treatment grows in the world's second-most populated country. It already owns 22 hospitals in India and manages 19 hospitals locally and in countries including Bangladesh and Nigeria.
It's seeking facilities in Mumbai and cities in the Indian states of Uttar Pradesh and Andhra Pradesh, Padmanabhan said.
``We are actively looking at acquisitions of hospitals,'' he said. ``We're looking at valuations.''
Apollo, which hasn't set aside any money for acquisitions so far, has 1 billion rupees in cash available from its sale of securities overseas last year, Padmanabhan said. It would also consider borrowing from banks or the overseas-sale of bonds that can be exchanged for shares to make its purchases, he said.
The company plans to double the number of hospital beds it owns and manages to 14,000 in five years, and is management contracts in the Caribbean including Barbados and the Bahamas.
Microsoft buys 10 per cent stake in TCS China
MUMBAI: Microsoft Co has bought 10 per cent stake in TCS China, a joint venture promoted by India's largest IT services firm Tata Consultancy Services (TCS) and three state-owned Chinese companies.
The US software behemoth on Thursday signed an investment agreement to join the JV, a company release said here. Though the company has not disclosed the investment figures, sources familiar with the development said that Microsoft would pump in $1.4 mil lion for 10 per cent stake in the venture.
With Microsoft's entry, the shareholding of the JV would change. TCS Asia Pacific would now own 65 per cent stake and the Chinese partners 25 per cent, the release said. TCS had last year formed the joint venture with three Chinese companies backed by th e local governments of Beijing and Tianjin.
"TCS China would allow us to provide our clients with the best in technologies at affordable prices, with services delivered at TCS' known global quality processes," Mr Girija Pande, Asia Pacific Head, TCS was quoted as saying.
TCS China would focus on manufacturing, telecom as well as government sectors, it said, adding the company would also concentrate on key technologies with centre of excellence in Microsoft. -PTI
The US software behemoth on Thursday signed an investment agreement to join the JV, a company release said here. Though the company has not disclosed the investment figures, sources familiar with the development said that Microsoft would pump in $1.4 mil lion for 10 per cent stake in the venture.
With Microsoft's entry, the shareholding of the JV would change. TCS Asia Pacific would now own 65 per cent stake and the Chinese partners 25 per cent, the release said. TCS had last year formed the joint venture with three Chinese companies backed by th e local governments of Beijing and Tianjin.
"TCS China would allow us to provide our clients with the best in technologies at affordable prices, with services delivered at TCS' known global quality processes," Mr Girija Pande, Asia Pacific Head, TCS was quoted as saying.
TCS China would focus on manufacturing, telecom as well as government sectors, it said, adding the company would also concentrate on key technologies with centre of excellence in Microsoft. -PTI
ROLTA
ROLTA trading in 4th of 5th wave and 5th of 5 can start and chart pattern looks like flag pole target of 5th of 5 atleast can be 280can keep sl near yesterdays low
cheers
rish
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