There is the links of SpongeTech
Stock Chart- http://www.profitspi.com/stock-chart-str.aspx?id=SPNG&ca=1547600562 Press Release- http://finance.yahoo.com/news/SpongeTech-Launches-Corporate-bw-3655465421.html?x=0
27 August 2009
Spongetech Delivery Systems, Inc. (SPNG)- Breakout, News!
SpongeTech Delivery Systems Inc. (OTCBB:SPNG) designs, produces, and markets unique lines of reusable cleaning products for car care, child care, home care, and pet care usages. These sponge-like products utilize SpongeTech’s proprietary, patent (and patent-pending) technologies, and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices, or other ingredients. The company’s sponge-like products are pre-loaded with specially formulated ingredients, such as soap, conditioner, and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure.
TCS, Infy, Wipro bag big chunk of BP’s 5-year IT deal
NEW DELHI: Country’s top three IT companies TCS, Infosys and Wipro today bagged a seizable chunk of five- year outsourcing deal from British oil
giant BP. ( Watch )
Spokepersons of all three companies did not disclose the size when asked whether the total deal size is worth $ 1.5 bn (approximately Rs 7,500 crore). They also did not reveal their independent size of the contract they have won.
The multi-crore rupee contract is a big boost for the domestic outsourcing majors, currently under pricing and margin pressure in the wake of gloabl downturn.
Global IT majors IBM and Accenture have also has snapped a part of the deal. The three companies announced separately that they have entered into an outsourcing deal with BP.
Infosys said it will operate BP’s business systems. Wipro said it will provide IT Application Development and Application Maintenance (ADAM) services for BP’s Fuels Value Chain and corporate business globally.
TCS said it has been selected for engagements in refining, manufacturing and corporate IT with opportunities across fuels value chain including upstream and trading.
As part of the deal, IBM will manage and run the oil giant’s enterprise applications and integrated service desk responsibilities, IBM said.
The big three closed up in the range of 2-4 per cent on BSE after the news of them bagging the deal broke out.
source: Economictimes
19 May 2009
Best ever post-poll rally for Dalal Street!
Mumbai: Dalal Street witnessed its best-ever post-election rally in history with the benchmark index jumping over 2,110 points or 17 per cent on the first trading day after the announcement of the Lok Sabha election results.
The benchmark index Sensex surged a whopping 2,110.79 points and Nifty advanced 651 points immediately after trading resumed following its suspension for two hours, leading to a halt in buying and selling for the day on the country's two premier bourses.
The general elections gave a decisive mandate to the Congress-led United Progressive Alliance, fuelling hopes of a stable government and that reforms may take place with ease.
Marketmen said the surge in the stock markets was expected as the new government would come to power without the support of the Left Parties, easing the process of reforms.
In the general elections in May 2004, the market did not expect the defeat of the BJP-led National Democratic Alliance and the Congress-led coalition had to take the support of the Left parties to form the government.
The election results were announced during the trading hours on May 13 and the Sensex had ended up 0.8 per cent after highly volatile trade, but lost 6.1 per cent the next day.
In the following trading session on May 17, the index plunged as much as 11.1 per cent, its biggest drop in 12 years, on fears of a Left-backed government.
Sensex hits 14k mark, trade halted for day
Mumbai: The BSE benchmark Sensex extended gains to 17.24 per cent on Monday, halting trade for the rest of the day after the surge triggered the final circuit breaker for the market.
The 30-share BSE index rose 2,099.21 points to 14,272.63 points when trading resumed following a two-hour initial halt, after the ruling Congress-led alliance swept national elections and boosted investor confidence.
The 50-share NSE index rose 17.3 per cent to 4,308.05 points.
12 May 2009
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