A very good morning to all the visitor's of the blog. News from major stock indices of US including (DJIA, Nasdaq, S&P 500) is promising as all the three indices opened in green today morning.

The opening stock prices of (DJIA, Nasdaq composite index S & P 500) is as follows:

The Dow Jones industrial average (DJIA) gained 32.57 points to open at 11,024.56. The Standard & Poor's 500 Index (SPX) was also up by 6.13 points at 1,189.84. The broader index Nasdaq Composite Index (IXIC) was up 10.21 points thus opening at 2,481.68.

(posted under DJIA stocks, Nasdaq live) - A very good morning to all the visitors to my blog, and the news from major US Stock indices is good as major stock markets of US opened in green today as there were strong quarterly earning reports arriving.

US Stocks were modestly higher in early trading as a round of upbeat earnings more than offset a new report that showed jobless claims jumped unexpectedly last week.

In early trading Thursday, the 30 share benchmark index Dow Jones industrial average (DJIA) was up by 7.49 pts at 10,610.64. The Standard & Poor's 500 (S&P 500) index was up by 2.83 pts at 1,140.87, while the Nasdaq composite index was up 15.12 at 2,306.37.

Reliance Industries Limited (RIL) rewards shareholders, issues 1:1 bonus

Source: http://business.rediff.com/report/2009/oct/07/ril-approves-1-1-bonus-issue.htm

Creating value for shareholders, Mukesh Ambani-led Reliance Industries on Wednesday said it will issue one bonus share for every share held in the company, while also announcing an interim dividend of Rs 13 per share for FY 09.

"The board of directors of Reliance Industries Ltd today proposed, subject to shareholders approval, issue of bonus shares in the ratio of one share for every share held," RIL chief financial officer, Alok Agarwal, said in Mumbai.

The shares fell 1.57 per cent to Rs 2,099 on the Bombay Stock Exchange, but is expected to jump after the unscheduled announcement.

Analysts said that the surprise announcement of a bonus issue by RIL, will definitely act as trigger for the market on Thursday and flare up the markets on the eve of Diwali.

 (posted under - Dow Futures, DJIA forecast) - Following is the forecast for the 30 share US benchmark index Dow Jones Industrial Average or DJIA , Dow Jones history , Dow Charts are also posted , You can refer to these forecasts, analyse the markets and plan your investment in Dow Components accordingly.

Month	Date	Forecast Value	50% Correct +/-	80% Correct +/-
0	Sep 2009	9,712.3	0	0
1	Oct 2009	9,890	760	1,702
2	Nov 2009	9,990	936	2,096
3	Dec 2009	10,150	1,057	2,367
4	Jan 2010	10,170	1,152	2,580
5	Feb 2010	9,960	1,232	2,759
6	Mar 2010	9,720	1,301	2,914
7	Apr 2010	9,540	1,363	3,052
8	May 2010	9,310	1,418	3,177

The most important input for analysing US Stocks markets is the opening and closing trends of major stock indices specially Dow Jones Industrial Average (DJIA) which is 30 stock benchmark index and shows how the stocks are investing, last one year was bearish as recession engulfed Dow Jones, NASDAQ, Standard and Poor 500. following are the opening and closing trends of the benchmark index Dow Jones Industrials. which however shows that the worse of recession is over and future is bullish !!

China Leads G-20 Members in Clean Energy Finance and Investment
China invested $34.6 billion in the clean energy economy



Washington, DC - -(Investorideas.com renewable energy/ green newswire) For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released today by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy – nearly double the United States’ total of $18.6 billion. Over the last five years, the United States also trailed five G-20 members (Turkey, Brazil, China, the United Kingdom, and Italy) in the rate of clean energy investment growth.


In Who’s Winning the Clean Energy Race? Growth, Competition and Opportunity in the World’s Largest Economies (PDF), http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Reports/Global_warming/G-20%20Report.pdf  Pew examines key financial, investment and technological trends related to G-20 members and the clean energy economy. The report tracks and measures global investment activity – ranging from venture capital, initial public offerings from companies seeking to expand, mergers and acquisitions and lending for large-scale projects – in this sector. Pew found that the global clean energy economy has experienced remarkable growth:

HCL Technologies is a global IT Services company headquartered in Noida, a suburb of Delhi, India led by Vineet Nayar, HCL Technologies, along with its subsidiaries, had consolidated revenues of US$5 billion, as of 2010, and employed more than 58,129 workers. The name HCL is an abbreviation on Hindustan Computers Limited. The company has achieved a significant rise in standalone profit and posted a net profit of Rs 262.57 crores in the Q4 FY10 of the current fiscal (FY10), ended in Mar 2010. The company had recorded a net profit of Rs 152.57 crores in the corresponding quarter Q4 FY09 of the last fiscal (FY09), ended in Mar 2009. This is an increase of 72.10%.
The company informed the market(BSE) that the net sales increased by 22.71% to Rs 1287.11 crores in Q4 FY10 when compared with the same quarter Q4 FY09 of previous year.
Share’s Data :-
BSE Code : 532281
ISIN Demat : INE860A01027
Market Cap : Rs 25776 Crores
P/E Ratio: 25.14
EPS (Rs): 14.88 in Jun 2090
Face Value : Rs 2
Last bonus : 1:1 in Dec 2006
Last Dividend : 50% in Apr 2010
52 Week H/L : Rs 388.00 / 118.25
HCL Technologies Ltd. share’s CMP is Rs 380.80 on 22nd Apr 2010.

Source:www.hcltech.com

Wipro touched an intraday high of Rs 726 and an intraday low of Rs 715.25. At 09:02 hrs the share was quoting at Rs 724.60, up Rs 20.35, or 2.89% on the NSE.
The company has announced its fourth quarter FY10 results. Its net profit rose 0.5% to Rs 1209 crore as against Rs 1203.3 crore, on quarter-on-quarter basis (QoQ), reports CNBC-TV18.

It was trading with volumes of 6,075 shares. Yesterday the share closed down 0.11% or Rs 0.75 at Rs 704.25.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	695.65	724.60	28.95	4.16
5-Days	722.10	724.60	2.50	0.35
7-Days	722.15	724.60	2.45	0.34
15-Days	714.75	724.60	9.85	1.38
1-Month	728.00	724.60	-3.40	-0.47
3-Month	700.05	724.60	24.55	3.51
6-Month	577.05	724.60	147.55	25.57
9-Month	451.15	724.60	273.45	60.61
1-Year	281.05	724.60	443.55	157.82

Source:http://www.moneycontrol.com

On Friday April 22 Wipro Ltd Shares were suddenly Rose Up as much as 3.6 percent after india’s No3 Software service firm. On 23 April Wipro Touched an Intraday high of Rs 726 and an Intraday low of Rs 715.25. At 09:02 hrs the share was quoting at Rs 724.60, up Rs 20.35, or 2.89% on the NSE. Wipro has declared its Fourth quarter FY10 results, Its net Profit was rose ose 0.5% to Rs 1209 crore as against Rs 1203.3 crore.

Simply Reliance Plan - Reliance Mobile
Upping the ante in the telecom price war, Reliance Communications (RCom) will offer a flat rate for all calls on its network at 50 paise a minute. The scheme will replace all existing schemes.

Under the new scheme - 'Simply Reliance Plan – RCom will charge a single rate of 50 p every minute for all local, STD, incoming and outgoing roaming, and SMSes. The call rates would be applicable for all calls made from its CDMA, GSM or its landline phones.

The plan gets activated with lifetime validity, with a voucher purchase of Rs 48 for pre-paid consumers and Rs 99 for post-paid consumers. The scheme, which opens for subscription today, will be available for both CDMA and GSM services.

Source: Business Standard

TCS Q4 Results April 19,2010 | TCS Salary Hike 2010
TCS Q4 US GAAP net profit at Rs 1,931 cr
TCS has announced its fourth quarter results. The company’s Q4 US GAAP net profit was at Rs 1,931 crore, quarter-on-quarter, QoQ.
Its Q4 US GAAP revenues were at Rs 7,737 crore, QoQ.
Its operating profit was up 1.88% at Rs 2,128 crore
TCS says
* Q4 gross employee additions at 16,851
* Q4 attrition rate at 11.8%
* Quarterly variable payout at 125%
* Cost cuts, treasury management helped improve margins
* Made 20,000 campus offers for FY11
* Won 10 large deals in Q4
* See tremendous momentum in all verticals
* BFSI, Retail, Life Science verticals leading growth
* See recovery in telecom, manufacturing verticals
Finally after a long silence period, Tata Consultancy Services (TCS) has announced its Q4 results date. TCS Q4 Results 2010 will be announced on April 19,2010. The board meeting of directors is scheduled on April 19, 2010 to approve and announce TCS Q4 Results 2010. The board will also announce a final dividend to its share holders.
You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores.
FY10 YoY
TCS Salary Hike 2010 (TCS Salary Hike confirmed but not percentage): With 50.1 percent YOY and 9.7 percent QOY in the Q4 Result, TCS is now considering salary hike for its employees. According to TCS officials, they are now considering salary hike and the hikes in the salary may be implemented during financial ending March 2010. The actual hike percentage, however, has been decided yet.

The Tamil Nadu government Sunday announced huge increases in the salaries of its employees ranging between Rs.1,774 and Rs.7,300 per month.
The pay hike is expected to shoot up the government’s annual expenditure by Rs.5,155.79 crore, while the initial cost would be around Rs.11,093 crore, an official statement said.
On the basis of the recommendations of a special committee and the Sixth Pay Commission, the government has decided to hike salaries of its employees despite additional initial financial burden and increased annual expenditures, it said.
“The total payment will be paid in instalments between the current financial year and 2011,” the statement added.
According to the statement, the salary increments will range between Rs.1,774 and Rs.7,300 per month from office assistant to deputy collector.
SRC :: The Hindu
Salary Calculator for Pay band 1 and 2 for Sixth Pay Commission Salary Hike
Salary Calculator for Pay band 3 and above for Sixth Pay Commission Salary Hike
Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike

The improved pay packages will also include increase in house rent allowance and retirement benefits.
The decisions are based on the recommendations of the committee of ministers headed by Home Minister P Chidambaram, which went into the revised salary and allowances notified earlier in November last year by the government.
PSU officers, particularly in the oil sector, forced the government to revisit their revised pay scales when they went on strike in January this year.
Briefing reporters after the Cabinet meeting, Chidambaram said the revision in the pay structure would vary from company to company. reports pti

Indian Railway Budget 2010 | Indian Rail Budget 2010
Indian Railway Budget 2010-11 will Present on Feb 24, 2010 (Wednesday) by our Union Minister for Railways Mamata Banerjee. Railway Budget 2010-11 is her second Rail Budget.
Railway Minister Mamta Banerjee at present might be in dilemma regarding the Indian railway Budget 2010. Whether the budget will be in favor of Common man or will it go more for revenue purpose.
Major expectations from Railway Minister is to keep passenger fares untouched so that it will be under reach of a common man.
While the Budget is unlikely to increase passenger fares, there could be a selective increase in freight rates.
Freight rates of foodgrains and fertilisers are likely to stay the same as the Centre has been facing a lot of flak on the price rise issue.
But rates of iron ore, coal and cement could rise
Mamata is likely to have more Durantos — her brainchild — connecting two major cities.
Sources say the Railways may unveil its big focus on private investments. It may seek private investments in all possible sectors like lines and sidings. The move could benefit companies like L&T, Adani, and ACC.
For 2009-10, the Budget estimates 5.8% freight growth at 882 million tonne. Sources say gross traffic receipts growth may be pegged higher. Total earnings projection is expected to be better in FY11.
The Railways may also project double-digit freight growth in FY11.
FY10 Budget estimates earnings from goods and passengers at Rs 58,525 crore and Rs 24,309 crore, respectively.
The Duranto (non-stop) train services connecting bi-cities, introduced by the minister in the last budget, are expected to increase in number this year.
Also, Banerjee is likely to bring in a special railway security fund this Budget

Union Budget 2009-2010 | www.indiabudget.nic.in

AIBEA Wage Revision Latest News 2010 | aibea website | aibea union
All India Bank Employees Association (AIBEA) is the largest and oldest trade union of bank employees in India. It is one of the premier trade unions in India. Today, AIBEA official website released the report and the message on the wage revision talks. According to official site ” 9th Bipartite Settlement signed today. AIBEA achieves Pension again and Pension for all.”
AIBEA Wage Revision, AIBEA Wage Revision latest news (complete report): AIBEA has just published the complete report on the wage revision talks. The report and the message on the wage revion talks has been published on the AIBEA website whose link has been given below.
http://www.bankunionaibea.in/html/newseve.html

AIBEA Wage Revision, AIBEA Wage Revision latest news (complete report): AIBEA has just published the complete report on the wage revision talks. The report and the message on the wage revion talks has been published on the AIBEA website whose link has been given below.
For AIBEA Wage Revision Talk Report and Signed Agreement Details: Click Here
Here is the quote on the report:

The much-awaited Settlements on wage revision and pension option have been signed today with the IBA, achieving another landmark in our trade union movement. The 9th successive Bipartite Settlement has been signed and the wages and service conditions of bank employees have been improved. The Pension option Settlement has also been signed today which enables all the remaining employees to be covered by the D.A. linked Defined Benefit Pension Scheme, which is the best social security measure in the post-retiral life of employees.
We are happy that under the banner of UFBU, all the 9 unions have simultaneously signed the Agreements covering both employees and officers, manifesting the true spirit of the UFBU.
The Settlement covers 46 Banks (26 Public Sector Banks, 12 Private Sector Banks and 8 Foreign Banks) and would benefit 4,77,000 workmen employees and 2,75,000 officers. The Settlement would cost the Banks an additional increase in wages by Rs.5,200 crores per year (Rs.4,816 crores for Public Sector Banks and around Rs.400 crores for private and Foreign Banks). The Settlement will be effective from November 2007 to October 2012.
Under the Settlement all the remaining 2,60,000 employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme – a long time demand of the Unions. More than 50,000 retirees will also get the option to join the pension scheme.
The Settlement is preceded by 30 months of protracted negotiations between the IBA and the unions, and was backed by various agitational programmes and strike actions, which were enthusiastically implemented by the members. There were many anxious moments during this period coupled with loads of misinformations, orchestrated columnies and virulent propaganda against all our efforts to settle. Added to this were the attempts to undermine the organistion, decry the leadership and derail the negotiations. But overcoming this and these, we have concluded the Settlement successfully.
Hats off to your unity, patience and co-operation. You have done proud to AIBEA.

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates | All Banking Solutions Wage Revision 2010 | AIBEA Wage Revision

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates | All Banking Solutions Wage Revision 2010 | AIBEA Wage Revision
The Latest wage settlement news and discussion and wage settlement understanding between the IBA (Indian Bank Association) and AIBEA (All Indian Bank Employee Association) details can be checked by clicking the link below.
For Wage Revision Details CLICK HERE

	7th BPS	8th BPS	NOW
Additional annual wage load	12.25 %	13.30 %	17.50 %
Total quantum of annual wage increase (Officers & Workmen)	1497 crores	2200 crores	4816 crores
Annual Average Per Capita Increase Ø For Workmen employees Ø For Officers	12,550 24,025	23,300 43,600	56,200 91,800

– A UNIQUE ACHIEVEMENT:

In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved pension scheme for bank employees. Today, once again, with the leading role of AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank employees, officers and retirees will now get another option to join the pension scheme to insulate themselves with this unique social security benefit. It is a very commendable achievement indeed.

Dear comrades, with the signing of this Minutes, the main understandings have been reached. Now the UFBU will be taking steps to expedite the final settlement with revised pay scales, allowances and other improvements and thereafter for implementation of the same and payment of arrears to the employees.

Dear comrades, on this happy occasion, it is necessary to remind ourselves that these achievements were preceded by persistent efforts and protracted negotiations by the leadership of UFBU and backed up by the exemplary unity of the bank employees and officers and their successful participation in the strike actions. It is the result of our unity, militancy and perseverance.

Wipro Technologies, the country's third largest information technology services company, is giving all its employees in India a pay raise from February. This will also apply to those working temporarily on onsite (with foreign clients) projects.
It is reliably learnt that the average raise is 8 to 9 per cent. A spokesperson confirmed the hike but wouldn't give the range or the cost to the company.
As of December 31, Wipro had 102,746 employees in its IT services business, which accounts for 74 per cent of the company's overall revenue. Salaries account for 50-60 per cent of an IT company's expenses.
The salary hike by the Azim Premji-owned company - which also has an interest in consumer care, lighting and engineering equipment - signifies the overall mood of the IT industry in India. Last year, most of them had cut jobs and pay, or had deferred salary hikes, with the sector facing the global economic slowdown.
TCS,Infosys and Wipro, the big three, had all deferred pay raises last year. Infosys had announced a salary raise of 8 per cent to all its employees in India recently. The company's personnel head, Nandita Gurjar, said employees with promotions had got a rise of about 12.5 per cent. TCS, the number one IT services company, is yet to decide on any raise.

Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) today announced that it is the official technology partner of the Boston Athletic Association and the 2010 Boston Marathon to be held on Monday, April 19, 2010. The agreement features a strong presence by TCS at the Marathon and the three day John Hancock Sports and Fitness Expo held at the Hynes Convention Center.
"Wellness is an important concept for communities and individuals in today's world. We are very committed to supporting healthier communities At TCS, we actively encourage our employees and their families to make fitness and wellness a part of their lives. This not only helps them have a balanced work life, it also creates higher energy and a feeling of well being at the workplace," said N Chandrasekaran, CEO and MD, TCS.
Source: prnewswire.com

Bank of America Corp. reported a fall in its first-quarter profit Friday, in part due to lower mortgage-banking activity -- but its results handily beat Wall Street expectations.
First-quarter net income was $3.2 billion, or 28 cents a share, versus $4.2 billion, or 44 cents a share, a year earlier, Bank of America /quotes/comstock/13*!bac/quotes/nls/bac (BAC 18.31, +0.01, +0.06%) said.
Revenue at the bank fell 11% year-on-year to $32 billion, driven by what it said were the absence of credit-related gains on Merrill Lynch-structured notes that it had enjoyed last year, as well lower mortgage-banking volume and income.
First-quarter provision for credit losses was $9.8 billion, down from $13.4 billion in the first quarter of 2009.

Infosys Technologies will offer up to 17% salary hikes for over 100,000 of its employees this year, as the company seeks to retain staff and also attract new recruits in the year when most of its rivals are expected to lock horns in the war for talent.
Source:Economictimes

You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year.
Infosys and Wipro Technologies has already announced salary hike to their employees sometime back. So it will be interesting to see TCS Salary Hike 2010 announcements.  As per some discussion forums the company has announced the Performance bands of its employees few days back and the TCS salary hike will be based on the bands the employees have obtained after their annual appraisal process.
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores

Finally after a long silence period, Tata Consultancy Services (TCS) has announced its Q4 results date. TCS Q4 Results 2010 will be announced on April 19,2010. The board meeting of directors is scheduled on April 19, 2010 to approve and announce TCS Q4 Results 2010. The board will also announce a final dividend to its share holders.
You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year.
Infosys and Wipro Technologies has already announced salary hike to their employees sometime back. So it will be interesting to see TCS Salary Hike 2010 announcements.  As per some discussion forums the company has announced the Performance bands of its employees few days back and the TCS salary hike will be based on the bands the employees have obtained after their annual appraisal process.
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores.

Hi Friends here is latest information related with Infosys Q4 Results 2010. Infosys Q4 Results 2010 will be announced. Infosys Q4 Results 2010 can easily be downloaded from following links. It is very easy to see Infosys Q4 Results 2010. Yes guys Infosys Q4 Results 2010 announced soon. You can see your Infosys Q4 Results 2010 here. Just feed your roll no. here and get your Infosys Q4 Results 2010. Best Of Luck Friends !!!
For Further details of Infosys Q4 Results 2010 you can check out websites :-
1. Infosys Q4 Results 2010
2. Infosys Q4 Results 2010

Another high growth quarter has come to an end and its the time to track the performance of Indian Inc starting April 2010. And as always Infosys Technologies, India’s Second largest Software exporter is one among first companies to announce its Q4,2010 results. Infosys Q4 2010 Results will be declared on April 13,2010.
In a press release on March 24th 2010, Infosys declared the date of announcement of its Q4 results. Investors and traders alike eagerly wait for Infosys quarterly results as it gives a definite momentum to the markets. Since last few quarters Infosys has been giving cautious outlook and guidance for forthcoming quarters and has always beat its own guidance by record margin. And we expect the same this time around.
On April 13, 2010 Infosys will declare its Q4 2010 as well as Yearly results of 2009-10 and also give guidance for the next financial year. If you want to access Infosys Q4 2010 Results on your mobile just type ” R Infosys”/ ” Results Infosys” and send it to 51818 and you will get the results update directly on your mobile sets.
Estimated Results of Infosys Q4 Results 2010 :-
Revenues = Rs 5870 Crores.
Profit= Rs 1,608 Crores.

Infosys Technologies, which kick-starts the earnings season every year, forecast a dip in margins in the short term, even as it looks at healthy revenue growth for the current fiscal.
The company attributed the possible blip in margins to a strong rupee, which pulled down its fourth quarter profit for the year ended March 2010 by nearly one per cent to Rs 1,600 crore, compared with the same period last year.
For the first quarter of the fiscal, the IT bellwether said income will grow between 8.2 per cent and 9 per cent, resulting in figures between Rs 5,919 crore and Rs 5,963 crore. For the entire fiscal, income is expected to grow between 9 per cent and 11 per cent or between Rs 24,796 crore and Rs 25,239 crore. Earnings per share are expected to decline to a growth of 2.1 per cent.
A stronger rupee, coupled with the company's commitment to increase compensation, is expected to bring down margins by 150 basis points in the first quarter of 2010-11.

Gerald Celente  The master of trends also known as Dr Doom and the Nostradamus of Modern Times  , Gerald Celente is regarded as one of the foremost trend forecasters in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said "if Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente."

Finance minister Pranabh Mukharjee has presented the union budget for year 2009-10 today. The budget that has more stress for infrastructure development also includes a modified income tax slab.
Main attraction - Income tax exemption limit increased. Income tax exemption limit for senior citizens is now 2.4 lakh, for women it is 1.90 lakh and for all others the income tax exemption limit will be 1.60 lakh.

Highlights
• Income tax slab base for 2009-2010 raised to 1,60,000 rupees for individual tax payer. This in an increase of slab base from the earlier Rs 1.50 lakh. For women the exemption limit according to latest tax slab will be Rs 1.90 lakh, which is an increase of Rs 10,000 from the earlier rate of Rs 1.80 lakh. Senior citizens will enjoy an extra Rs 15000 as the exemption limit is increased to Rs 2.40 lakhs from an earlier 2.25 lakhs
• The current budget has removed of 10 per cent surcharge on personal income tax.
• Fringe benefit tax and Commodities transaction tax has been removed in the current budget
• The budget displayed a major allocation for infrastructure projects.
• Defence budget increased by 34 per cent. Current allocation is 1,41,703 crore

Check Modified Income tax slab for the modified income tax slabs for financial year 2009-2010. You may also want to use the free quick Income tax calculator for finding out your tax based on the latest income tax slab.

 Highlights of interim budget 2009-2010

• Aam Aadmi in the focus of development process
• Two new schemes-Indira Gandhi National Widow Pension and Indira Gandhi National Disability Pension schemes to be launched
• Rs. 1,31, 317 crore allocated to flagship programmes
• GDP records sustained growth of over 9 per cent for 3 consecutive years
• Rs. 953,231 crore expenditure poposed for 2009-10
• Farm Credit disbursements up 300 per cent – touch Rs. 2.5 lakh crore in 2007-08
• Rs. 65,300 crore debt waiver and relief given to 3.6 crore farmers
• Rural Infrastructure Development Fund corpus increased to Rs. 14,000 crore in 2008-09
• 60.12 lakh houses for weaker sections constructed under Indira Awaas Yojana
• 15 central universities established, 6 new iits start functioning; two more to commence this year
• Financial sector reforms strengthen regulatory mechanism of securities market
• NPAs of Public Sector Banks decline
• CPSEs turnover increases from Rs. 5,87,000 crore in 2003-04 to Rs. 10,81,000 crore in 2007-08
• Revenue deficit for 2009-10 estimated at 4 per cent and fiscal defict 5.5 per cent of gdp
• Fiscal deficit down from 4.5 per cent in 2003-04 to 2.7 per cent in 2007-08
• US $ 32.4 billion fdi received in 2007-08.
• Rs.100 crore for unique identification authority
• Defence gets Rs. 1,41,703 crore in the interim budget
• Panchayat empowerment and accountability scheme to be substaintially expanded

Reliance Industrial Infrastructure Ltd has announced the financial results for the quarter ended on 31-December-2009. The Net Sales was at Rs.13.21 crores for quarter ended on 31-December-2009 against Rs.18.24 crores for the quarter ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.5.87 crores for the quarter ended on 31-December-2009 against Rs.5.67 crores for the quarter ended on 31-December-2008.

The company has reported an EPS of Rs.3.89 for the quarter ended on 31-December-2009 against Rs.3.76 for the quarter ended on 31-December-2008.

The Net Sales was at Rs.40.55 crores for 9 months ended on 31-December-2009 against Rs.52.70 crores for the 9 months ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.16.53 crores for 9 months ended on 31-December-2009 against Rs.16.01 crores for 9 months ended on 31-December-2008.

The company has reported an EPS of Rs.10.95 for 9 months ended on 31-December-2009 against Rs.10.60 for 9 months ended on 31-December-2008.

State Bank of Travancore Ltd has announced the financial results for the quarter ended on 31-December-2009. The Total Income was at Rs.1259.22 crores for quarter ended on 31-December-2009 against Rs.1273.55 crores for the quarter ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.164.95 crores for the quarter ended on 31-December-2009 against Rs.260.85 crores for the quarter ended on 31-December-2008.

The company has reported an EPS of Rs.32.99 for the quarter ended on 31-December-2009 against Rs.52.17 for the quarter ended on 31-December-2008.

The Total Income was at Rs.3629.02 crores for 9 months ended on 31-December-2009 against Rs.3439.35 crores for the 9 months ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.467.04 crores for 9 months ended on 31-December-2009 against Rs.415.80 crores for 9 months ended on 31-December-2008.

The company has reported an EPS of Rs.93.41 for 9 months ended on 31-December-2009 against Rs.83.16 for 9 months ended on 31-December-2008.

 Suzlon Wind Energy A/S (SWEAS), the International business arm of Suzlon Energy Limited - broke new ground with its first order in Sweden. The order from Triventus AB, the highly respected wind power developer and consultant in Sweden, comprises of two S88-2.1 MW wind turbines. The 4.2 MW Assjo Project, located 150 km from Goteborg and Stockholm, will be delivered by SWEAS through a contract that covers engineering, procurement and construction.

The project iwll be sold to Svensk Vindkorporativ Ek. Forening (SVEF), an active local wind power corporative after 6 months of oepration. Suzlon will also sign service and maintenance partnership agreement with Triventus Energiteknik AB, subsidiary of Triventus AB, which will be applicable to future Suzlon projects in Sweden as well as to ensure fast turnaround time and flexible service.
Sweden is a high potential wind market with more than 1000 MW wind power already installed making it the 10th largest installed base for wind within Europe. However, with almost 3000 MW more expected to be installed by 2013, and new orders of over 1000 MW over 2008-09 alone. Sweden ranks as the 6th larges wind market in Europe.

In 2009, the Swedish Government set forth an integrated climate and energy policy for up to 2020. This forms the most ambitious climate and energy policy ever presented by a European country and proposes highly ambitious targets including that half of Sweden's energy coming from renewable sources in 2020. Sweden's net emissions of greenhouse gases being equity to zero by the middle of the century with a 40% greenhouse emissions reduction target for 2020.

Speaking on the order, Mr. Erik Winther Pedersen - CEO, Suzlon Wind Energy A/S said, "This is our first step into the exciting and promising swedish wind market. We are very happy to take this step in partnership with Triventus AB laying the foundation for a strong future. We believe this is an example of our commitment and capabilities that allow us to create solutions that are optimized to the market conditions and our customer's needs."

Mr Gert-Olof Holst - Managing Director, Triventus AB said, "The project called for flexible wind turbine suppliers with an open profile towards operations and maintenance system and technology and Suzlon has worked very hard to meet our needs perfectly. We are confident of their products and services, and look forward to a mutually rewarding relationship in the long term."

Speaking on the order, Mr. Sumant Sinha - COO Suzlon Energy Limited said, "This marks the beginning of Suzlon's establishment in Sweden which with its far reaching vision on climate change and energy presents a very exciting market opportunity for us. This new order testifies to our customer centricity, and we look forward to expanding our footpring in Sweden and the world over.

In response to the devastating earthquake in Haiti on Tuesday, Citigroup Inc announced a $2 million commitment for immediate relief and recovery efforts. Citi will give $250,000 to the American Red Cross for immediate relief and the remainder will be given to local partners for medium- to long-term reconstruction efforts.

Citi CEO Vikram Pandit said: "Our thoughts and prayers are with the people of Haiti and the families and friends of Citi employees in Port-au-Prince. Citi has been operating in Haiti since 1971. Citi's relief efforts will help aid organizations on the ground facilitate the preservation of life and the rebuilding of the country. I would also like to thank Citi employees in Haiti and from around the world who have been so generous in their efforts to help."

The South Indian Bank Ltd has announced the financial results for the quarter ended on 31-December-2009. The Total Income was at Rs.530.91 crores for quarter ended on 31-December-2009 against Rs.487.38 crores for the quarter ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.62.46 crores for the quarter ended on 31-December-2009 against Rs.54.20 crores for the quarter ended on 31-December-2008.

The company has reported an EPS of Rs.5.53 for the quarter ended on 31-December-2009 against Rs.4.80 for the quarter ended on 31-December-2008.

The Total Income was at Rs.1586.53 crores for 9 months ended on 31-December-2009 against Rs.1332.37 crores for the 9 months ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.195.14 crores for 9 months ended on 31-December-2009 against Rs.144.50 crores for 9 months ended on 31-December-2008.

The company has reported an EPS of Rs.17.27 for 9 months ended on 31-December-2009 against Rs.12.79 for 9 months ended on 31-December-2008.

JPMorgan Chase & Co.  reported fourth-quarter 2009 net income of $3.3 billion, compared with net income of $702 million in the fourth quarter of 2008. Earnings per share were $0.74, compared with $0.06 in the fourth quarter of 2008. For the full year of 2009, net income was $11.7 billion, or $2.26 per share, up from $5.6 billion, or $1.35 per share, in 2008.

Wells Fargo & Company (NYSE: WFC) is scheduled to announce its fourth quarter 2009 earnings on Wednesday, January 20, 2010, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings.

The Company will host a live conference call on Wednesday, January 20, at 7:30 a.m. PST (10:30 a.m. EST). You may participate by dialing 866-872-5161 (U.S. and Canada) or 706-643-1962 (International). Please dial in at least 15 minutes prior to the start of the call. The call will also be available at wellsfargo.com/invest_relations/earnings.

Wells Fargo & Company (NYSE: WFC) is scheduled to announce its fourth quarter 2009 earnings on Wednesday, January 20, 2010, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings.

The Company will host a live conference call on Wednesday, January 20, at 7:30 a.m. PST (10:30 a.m. EST). You may participate by dialing 866-872-5161 (U.S. and Canada) or 706-643-1962 (International). Please dial in at least 15 minutes prior to the start of the call. The call will also be available at wellsfargo.com/invest_relations/earnings.

China’s foreign exchange reserves surged to a record level in December and new loans exceeded forecasts, raising stakes in Premier Wen Jiabao’s campaign to avert asset-price bubbles.
In comparison, India’s forex reserves jumped $741 million to $284.26 billion during the week ended January 8, according to the Reserve Bank of India.
Reserves in China rose 23 per cent to $2.4 trillion, the world’s largest, according to a People’s Bank of China (PBoC) statement on its website yesterday. Banks extended 379.8 billion yuan ($55.6 billion) of new loans, taking the annual total to an unprecedented 9.59 trillion yuan, PBoC reported.
Accelerating inflation might encourage the Chinese government to end the 18-month-old yuan peg to the dollar and allow a 3 per cent appreciation by year-end, said Isaac Meng, senior economist at BNP Paribas SA in Beijing.
Along with a stronger yuan, policy makers would have to follow up on their decision this week to raise the share of deposits banks must set aside as reserves, Meng said. The risk: surging lending growth and an influx of speculative capital from abroad may destabilise the world’s third-largest economy with bubbles from property to stock markets.
Wen’s cabinet pledged last week that regulators would step up monitoring of speculative funds after the biggest jump in property prices in 18 months in December.

Tata Consultancy Services Ltd (TCS) has announced that a meeting of the Board of Directors of the Company will be held on January 15, 2010, inter alia, to approve and take on record the audited financial results of the Company for the quarter and nine months ended December 31, 2009 and to consider declaration of a Third Interim Dividend, to the equity shareholders.
Key Highlights:

• On a sequential (quarter-on-quarter or QoQ) basis, TCS' net profit jumped 11.1 per cent while its revenue jumped 2.9 per cent
• revenue was up 10.3 per cent YoY and 6.3 per cent QoQ while its net profit rose by 38.9 per cent YoY and 14.2 per cent QoQ.
• The utilisation rate improved to 81.1 per cent (excluding trainees) and 77.2 per cent (including trainees)
• The attrition rate in Q3 was at 11.5 per cent with attrition in IT services at 10.8 per cent and BPO at 18.3 per cent.
• TCS signed 10 "significant" deals this quarter of which 7 were from North America, signalling a recovery