EVERY WHERE...HELP---YELP--HELPPPPPP...

Eurozone agrees to lend Spain up to 100 bn euros

Spain said it would specify precisely how much it needs once independent audits report in just over a week

Reuters / Brussels/Madrid Jun 10, 2012, 10:34 IST

Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week. After a 2 1/2-hour conference call of the 17 finance ministers, which several sources described as heated, the Eurogroup and Madrid said the amount of the bailout would be sufficiently large to banish any doubts. "The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up to 100 billion euros in total," a Eurogroup statement said. Spain said it wanted aid for its banks but would not specify the precise amount until two independent consultancies - Oliver Wyman and Roland Berger - deliver their assessment of the banking sector's capital needs some time before June 21.

http://www.businessstandard.com/india/news/eurozone-agrees-to-lend-spainto-100-bn-euros/172300/on

NEW DELHI, JUNE 9: 

The Finance Ministry is worried that banks' bad loans will go up, especially if credit growth slows down.The gross non-performing assets of public sector banks have exceeded three per cent for fiscal 2011-12. NPA management will be one of the key issues at a meeting the Finance Minister has called with chiefs of public sector bank and financial institutions on June 12.The agenda note for the meeting says: “As informed by the Reserve Bank of India, at system level, new accretion to NPAs has been much more than the reduction on existing NPAs due to lower level of upgradation and recoveries. Also, despite write-offs, gross NPAs have continued to rise significantly.”

WHEN REJIGS DON'T HELP The note added that banks have restructured a large number of accounts and, in case these restructurings, including those done under the corporate debt restructuring (CDR) mechanism, do not lead to the desired turnaround, there could be further accretion to NPAs. Going, forward, banks may face further deterioration in asset quality if credit growth slows. The note mentions that gross NPAs increased more for the SBI group than other nationalised and private sector banks. In fact, SBI is on top in the list of gross NPAs for fiscal 2011-12. Smaller nationalised banks have done better in managing NPAs.The agenda notes the various tools available for prevention of new NPA accretion. These include checking fresh slippage and tough steps against wilful defaulters. The RBI's master circular, issued last year, talks about penal measures, not granting additional facilities, debarring promoters of defaulter companies from floating new ventures and complaints against the defaulters' auditors. The note says: “It has to be ensured that the recoveries are followed up ruthlessly to ensure at least 20 per cent of the amount is recovered in each quarter starting from the 4th quarter of 2011-12. Similarly, the earlier practice of obtaining post-dated cheques may be replaced with the system of ECS debit authorisation.”

Shishir.s@thehindu.co.in

WHAT YOU THINK .. REPEATEDLY..

5 Toxic Beliefs That Ruin Careers

People who hold these beliefs tend lack the energy required to create their own success. 

Don't be one of them.The Book of Proverbs in the Old Testament is, in my opinion, one of the best business books ever published.  One passage, in particular, contains a world of business wisdom: "As a man believes so is he." (23:7)

In the past, I've written in this blog about the beliefs that make people more successful.  However, I've observed that there are five other beliefs that consistently make people less successful. Make sure you don't subscribe to any of these

1. My self-worth is based on what others think of me.

Some people define themselves based upon how they guess their boss, co-workers, relatives and friends see them. When they are convinced that others think poorly of them, such people lack the self-confidence necessary to consistently take action.

2. My past equals my future.

When some people experience a series of setbacks, they assume that their goals are not achievable. Over time, they become dispirited and discouraged, and avoid situations where failure is a risk.  Because any significant effort entails risk, such people are then unable to make significant achievements.

3. My destiny is controlled by the supernatural.

Some people believe that their status in life–or even their potential as a human being–is determined by luck, fate, or divine intervention.  This all-too-common (and ultimately silly) belief robs such people of initiative, making them passive as they wait for their "luck" to change.

4. My emotions accurately reflect objective reality.

Some people believe that their emotions are caused by external events. In truth, though emotions are determined by the perception of those events, combined with preconceptions about what those events mean. Such people find it difficult or impossible to "get out of their own heads" and see situations from another person's viewpoint.

5. My goal is to be perfect or do something perfectly. 

Because perfection is unattainable, the people who seek it are simply setting themselves up for disappointment. Perfectionists blame the world (and everything in it) rather than doing what's necessary to accomplish extraordinary results.  That's why "successful perfectionist" is an oxymoron.

If you're suffering from any of these five beliefs, I strongly recommend expunging them in favor of better beliefs. I explain how to do this in this post "How to Be Happy at Work" (in the post, I call them "rules", but that's the same thing as "beliefs.")

Like this post? If so , sign up for the free Sales Source newsletter.

http://www.inc.com/geoffrey-james/5-toxic-beliefs-that-ruin-careers.html?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+inc%2Fheadlines+%28Inc.com+Headlines%29

MARKETS WILD ACTION IN AUGUST....WAIT ???....

9 JUN, 2012, 05.54AM IST, 

Stock market crash & rupee fall: Can somebody tame the bear?

Source: BankBazaar.com - an online marketplace for your personal loan, home loan and car loan 

India is witnessing a fall all around from the stock market to the currency value. The only thing that is showing some strength in the market is inflation. Eventheory of relativity fails when it comes to pulling down the inflation in India. Crude price has recently shown some weakness as the price of Brent has come down from 124$ to 109$, but the depreciated INR has squared off the benefit of any price easing. 

With biting inflation, the purchasing power of investors is also diminishing. The falling stock market seems expensive to the investors now. This is a bizarre situation for the stock investors as they can't stay in cash because inflation will eat the idle money, and if they invest it then the risk of loss is very high. 

Due to funding problem in Euro zone, both external commercial borrowing by Indian corporate and trade credit fell significantly in last few months. While this deterioration of the capital account shows the global funding problems, it is being driven even more by investor nervousness about the policy threat in India. 

Gloomy Global Prospects 

The happenings in the global financial world have shaken the Indian stock market. Euro zone crisis is still searching the solution to the Greek problem. The foreign investors are parking their money in dollars and avoiding position in any other financial instrument to keep the fund safe and intact. 

This has resulted in a strong dollar against other currencies. The global slowdown has already struck hard on the Indian export companies due to slack international demand. To add to the woes, crude prices have not settled down so much that it could provide some relief from the continuous dollar outgo. The recent industrial production growth of India was minus 3.5% (YoY). 

It shows the present weakening condition of the economy that is reeling under the problems of inflation, corruption and global economic syndrome and showing no sign of recovery. To make the things worse, India has not shown any step forward to fight back current crisis in anyway. The policy paralysis in Indian economy is hindering reform and making it difficult to solve the issue in an effective way. Prices of all the imported goods are set to rise with fall in the value of INR against the dollar. Electronic goods, foreign travelling, capital goods, and imported car will cost more with depreciated money. 

The stocks of companies which largely depend on import of capital goods are at risk of finding new bottom. Furthermore, companies which have huge foreign-currency debt will now need to pay more because of depreciated INR so, pressure on such stocks is quite possible in coming days.

What Equity Investor should do? 

The currency problem, global economic weakness and crude crisis are issues, which need some time to get resolved. The Equity investors who are waiting for stepping into the market to do some bottom fishing should wait for at least European debacle to take some direction. Indian economy is carefully waiting for a good monsoon in coming months. A decent monsoon can prove to be a trend changer and a bad one can bring havoc in the economy. The investors should enter the market with long term purview and use funds smartly. 

The current scenario suggests that the market still need to find the bottom. Nifty has already seen a low below 4800 levels during day trade. A new low in coming days will further bring negative sentiment in the market. Bears are getting stronger with a series of fall in last few weeks. 

In such a situation, small investors should stay in liquid while others can use steep fall as an opportunity to pick fundamentally strong shares at a bargained price. The investors should not use its complete fund all at once, but it is better to split the fund in 4-5 parts to buy in every fall. 

NIFTY COULD TOUCH 5300!!!!!!!!!!!!!

9 JUN, 2012, 10.40PM IST, RAM SAHGAL,ET BUREAU 

Nifty could hit 5200-5300 in next two weeks: AK Prabhakar, Anand Rathi Securities

 

MUMBAI: The broader market could test 5200-5300 over the next week or two if it manages to breach the strong resistance of 5120, technical analyst AK Prabhakar, Anand Rathi Securities, said.

"The falling trendline connecting the 5600 and 5300 highs is at 5120. If this is breached Nifty could test in the next week or two 5200 and then 5300 , which is the three-month high," he said, adding, "4950 was a strong support, which was the market's low over the past few sessions."

Nifty ended up two fifths of a percent at 5068.35 on Friday, its highest level since May 7 on hopes of anRBI interest rate cut at its policy meet on June 18 and likelihood of further stimulus measures by the US Federal Reserve to stave off a possible contagion from the euro area.

SIMPLE OBSERVATIONS.....

7^TH JUNE-12

NOT IN BULL GRIP BUT BULLS MANAGED TO BRING NIFTY TO 5030 SAFE ZONE LEVEL. MONDAY THE RISE IS STRONG,SHALLNOT FALL BELOW 4880 TO TEST 5365

5-06-2012

THE FALL IN THE EUROPE IS DENTING OUR RISE BUT NOT TRIGGERED A STEEP FALL. NIFTY4800 IS A GOOD SUPPORT. ANY HOPE TO BULLS IS ONLY ABOVE 4989

28-05-2012

SO MARKETS ARE CONSOLIDATED FROM 4800 LEVEL. THOSE WHO BELIEVED SBI BUYING AT 1930 MADE A KILLING., HAS POTENTIAL TO TOUCH 2400

12-05-2012

PRITHVI NEWS ...ONE YEAR BACK WHEN I TOLD TO FRIENDS THAT WE WILL HEAR VERY GOOD NEWS...NOBODY BELIEVED, NOW, I AM HAPPY, ELEVATED AND PROUD

03-05-2012

The real challenge to Bulls. Bears could push four times to 5180 region.But Nifty shall not trade below 5130 to bounce back to 5600 orbit

03-05-2012

TODAY NIFTY HIGH IS 5279.6.THE BOTTOM SUPPORT BECOME WEAK BELOW 5140. RUPEE FALL,IMPORTS ARE COSTLY AFFECTING ECONOMY. SO NIFTY IS FALLING.

01-05-2012

The Nifty facing resistance at 5280 level.Infy Below 2250 is free fall. Nifty is good for now untill it holds above 5130.RIL below 729 weak.

27-04-02012 (FACEBOOK CONVERSATION)

What is your call for Equities this year.

28-4-02012

At least for next two years they will be range bound.Pls observe how US is out-performing.this we discussed also!!!

As you mentioned like rotation of sectors, rotation of countries. How about Nifty hitting 3900 before 2014 elections? People here in US are predicting a recession in 2013 or 2014.

28-4-02012

Are we going to enter a Bull run after 2 years of consolidation. Please tell me your broad targets both on the upside and downside for Nifty

3-05-2012

The conditions now prevailing are favouring BULLs till the Nifty holds above 5030.

28-04-2012

The Nifty shall not close below 5135 and is good for bulls above 5245.Policy and Govt spending will keep the Nifty rise high despite problems

27-04-2012

Indian markets relling under down grade pressure especially banks. The global markets are good.I asked to buy ICICI at 830 level touched 875.

25-04-12

S&P down grade study dented the upmove, support at 5080.Wipro tanked by 7% bleak future.Infosys though strong for now will touch 1500 level.

21-04-12

The market crack is limited for now so long it holds above 5250. The growth in RIL's GRM is good. The stock may cross the 793 hurdle, enjoy

16-04-2012

STT REDUCED, TAXES RATIONLISED BUT THE EXISE DUTY HIKE WILL HAVE ADVERSE EFFECT ON MARKETS. SO FELL TODAY AND WILL FALL FURTHER, WAIT TO BUY