Thirdpersonmatt

The Sixth Pay Commission as we all know was announced on 15th Aug, 2008 and the Government came with a package for all the Govt Employees. But I see still many people are not very aware of many facts and minute details of the 6th Pay commission. I have written many posts to update all the readers on the Sixth pay commission, pay calculator, updates for Pensioners and Army personnels.

The results were very satisfactory and I got lot many queries from people asking about their salary structures. I have replied and mailed to many of them. Still you can post your queries as comments, and I shall try and reply them all soon. Here I have decided to produce all the information on the blog on the 6th pay commission at one place to help the readers. You can click on any of the following Links and go to the respective posts to read more.

*Sixth Pay Commission Report Out: Find Out What Is In Store For Govt Employees

The post when the sixth pay commission was released by by Justice B N Srikrishna.

* The Sixth Pay Commission Recommendations Approved: With Effect From Jan 1,2006 .

Its the place where the announcement of the 6th pay commission came in and review of it in detail.

* Latest Updates From Sixth Pay commission Report And Pay Calculator.

Find the updates on 6th pay commission and the pay calculator that many of you must be looking for.

* Sixth Pay Commission Updates For Pensioners And Much More.

This post was basically for all the retired pensioners who were looking to gain some information on their pension rise and other details.

* Latest Updated News On 6th Pay Commission Seeking Clarification On Increment And Promotions For Government Employees

Find some clarifications which were brought in the Sixth Pay commission and details regarding promotions.

So I hope this package on the sixth pay commission is very helpful for all those who are looking for more information. I would love to read your views on this.

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The much awaited quarterly results of the largest Indian IT firm has
finally been announced  on Oct 22nd 2008. The revenues of the quarter stood
at Rs 6,953 Crores or $ 1574 million which saw a growth of 8.5% in Rupee
Terms. The net profit in Rupee terms was at Rs 1,262 crores or $256 million
against Rs 1,247 crores in the last year same quarter.So it was a mere
growth of about 1.2% Q-o-Q basis.

The profits of the company was less than expectations as it was expected
that TCS would post a profit of Rs 1,374 crores by Reuters poll.Undoubtedly
the financial turmoil is showing its impact on the results of all the IT
companies in India as they generate most of their revenue from US and
finance sector.The shares of the company were down by 2.6% today and will
be beaten tomorrow too.

Some of the other Highlights of the TCS Q2 2009 Results:

> H1 Revenues Of TCS is at $3.1 billion a growth of 17.69% Y-o-Y.
> H1 net profits at $582 crores a 2.8% growth over last year.
> TCS added 51 new clients in the last quarter.
> 9700 Employees joined TCS in Q2.
> EPS of the company now stands at $0.29 in Q2.

The coming quarter is going to test the strengths of all these Software
firms as the global slowdown and economic recession deepens. It will
interesting to see how they perform under these hostile market conditions
and capture a larger part of the IT pie.The revenue guidance for the coming
quarter for the IT companies has been very cautious too.

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Wipro Technologies announced its Q2 2009 Results for the quarter ending
Sept 30 2008 today. The software firm has come up with a profit of Rs 978
crores as against Rs 898 crores in the last quarter.The total sales of the
company stood at Rs 6520 crores against Rs 5981 crores in the Q1 2009
results.

The software major’s quarterly results will have some impact today on the
stock markets and we are also expecting the results of TCS Q2 2009 today in
some time.So lot of action to happen today in the market. Patni will also
announce its Q2 2009 results today.

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The Indian share markets broke a very important support level on the last trading session of the week on Friday to go below and close under the psychological barrier of 10,000 level in sensex. We all know how important that level is for the sensex. As I eve wrote about the importance of 10,750 levels in Dow and once it was broken the Dow came down crushing to 8000 odd levels. So these crucial support levels in the share markets are very important in the turbulent  times in the market.

For the first time since July 2006, sensex managed to close below the 10,000 level.Sensex lost 606 points or 5.7% to close at 9,975 levels and nifty lost 6.34% to close at 3,074 levels. Indices are now at half of the levels of what it was in Jan,2009. Crude sliding, lower inflation numbers along with the rate cut by the RBI to rein in liquidity in the market could not support the sensex and nifty. All the positive signs were ignored and markets went on a free fall.

Realty, power and metal stocks were the hardest hit ones now. Th next support level for the sensex currently is at 9700 levels in the intermediate term and 3000 levels. But I feel there is much downside left in the markets than what meets the eye now. The next support levels are at 9,000 levels in sensex and 2,900 levels for the nifty. Some analyst are of the view that nifty may test sub 2,600 levels in the next 2 months time horizon.

So really tough times for the economy and markets in general.Meanwhile there is one man who is happily buying into US stocks.Yes, he is none other than the famous investor, Warren Buffett. His one liner is really touching:  “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.” And it sums of his theory in a single line.He is one man who sees value in the stocks now for long term investment. And this is the way he made close to $190 billion for his company Berkshire Hathaway Inc.

The US markets too managed to close in red on Friday. It will certainly take some time for the markets to settle in. We might even see a pull back rally of 600-700 points anytime next week or so as the Indian markets have fallen a lot last week. But a strong base or a support level looks a bit distant currently. Only after forming a strong base or bottoming out, we can see the bulls back in the market. And it might even take 6 months to 1 year for the process. Its best time for long term investors to pick front line stocks in every dip and hold for a period of 4-5 years. And the traders need to very cautious as the market sentiments keeps changing every other moment.

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Satyam Computers Services came out with its Q2 2009 results on Oct 17th 2008 as posted in the blog some time back. For the quarter ending on Sept 30th 2008,it has announced a revenue of Rs 2819 crores, a sequential growth of 7.6% as compared to the last quarter and 38.8% Y-O-Y. The net profit after tax on a consolidated basis stood at Rs 580.9 crores which means 6.1% growth on sequential basis and 42% Y-O-Y.

The results looked good on the paper given the financial turmoil going on in US which impacts the Indian IT market a lot.In the troubled times too, and it managed to clinch 33 new customers in the last quarter. Meanwhile the stock of the company is being badly beaten in the last 1 month or so,falling from 432 levels to Rs 220 levels.

The coming quarter will be more tough as the markets are very turbulent and many clients keep delaying their projects in these situations. TCS and Wipro Technologies will be announcing their Q2 results very soon on Oct 22nd.Everyone is eagerly waiting to hear their performance in the last quarter.Lets hope they bring out expected results and give some upward momentum to the markets.

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