RupeesMatter India | A blog on finance, investments, loans, personal loan, home loan, stock market and mutual funds in India

Sony Ericsson announced the launch of its first made in India, made for India mobile phone, the R300 Radio phone. R300 is targeted at the rapidly growing entry level segment in small town who love their music. This new handset comes with a unique radioinspired design with volume boosters for clarity of sound in noisy environment.

At 12:15 pm, Indiabulls Financial Services was quoting at Rs 250.50, down Rs 15.05, or 5.67%. It has touched an intraday high of Rs 263 and an intraday low of Rs 249.20.

India Infoline has recommended to buy GoldOct with targets of 11750, 11779, 11810, 11840 and a stoploss of 11680 in its report.

Mr. Arvind Juneja, a Jaipur resident an eBay India seller, had listed a rare intense red 3.69 carat ruby on eBay India (www.ebay.in). An American eBay buyer bought it for $19,600 (Rs. 8,20,000). The ruby marks one of eBay India’s most expensive transactions and is the most expensive Jewellery item sold till date.

India Infoline has recommended to sell Jeera Oct below 12200 with targets of 12128, 12050, 11970 and a stoploss of 12,293 in its report.

Brokerage houses are bullish on Indiabulls Real Estate, Maruti Suzuki, SAIL, HDFC Bank, Bharti, Kilitch Drugs, Apar Ind, Jyoti Structure and Idea.

Tadiran Telecom Ltd, an established innovator in telecommunications for more than 35 years, has announced the launch of Coral® SeaBeam in India. Coral® SeaBeam is an advanced SIP softphone that integrates with Tadiran’s Coral IPx/FlexiCom and the Coral Sea Softswitch

Hitendra Dave, Head Global Markets, HSBC India said the currency has came under a lot of pressure despite the fact that crude oil prices came off quite a bit in the last twoweeks. Dave said the probability of the rupee weakening from here on is bright and sees the dollar at Rs 44.

Indian GDRs: Mahindra, SBI, ICICI Bank, Tata Comm, Tata Motors, Satyam, Gail, and LT plunged.

Nutraceuticals, consisting of dietary supplements and functional foods with curative or nutritional benefits, are estimated to have a sales of $190 billion globally by 2010. India’s food supplement and health food market is estimated currently at about $400 million. The country already has a clutch of established players focussing in this segment such as Avesthagen, Himalaya and Sami Labs.