Thursday, April 24, 2008

Don't enter in IT: Bagga

2008-04-24 18:22:11 Source : CNBC-TV18

Ajay Bagga of Lotus Asset Management is of the view that one should not enter in IT space.

Bagga told CNBC-TV18, "If you look at the regional IT stocks yesterday, Acer numbers also in Taiwan were very strong. We have seen even the US techs really giving out good numbers. But on the India story, which is largely the offshoring story, there is a lot of hope that offshoring will pickup, we have seen the NASSCOM statements. We are not that convinced. We think it is better to stay on the sidelines and not enter IT. At least give it two more quarters and get some more visibility. Right now the managements are giving a hockey stick with weak near quarters and going up in the last two quarters, a lot of it contingent on a US recovery, which we are not very convinced about. We think the real economy has to really reflect all the bad news that is going through."

Buy Reliance Industries, target of Rs 3344: Angel

2008-04-24 16:17:45 Source : moneycontrol.com

Angel Broking has maintained its buy rating on Reliance Industries with a target Price of Rs 3344 in its April 22, 2008 research report. "RIL reported a good performance for 4QFY2008 surpassing our expectations with Refining once again driving growth. Net Sales jumped 35.8% yoy to Rs 37,286 crore (Rs 27,448 crore) backed by higher sales from the Refining and Oil and Gas segments."

"We believe that the Exploration and Production initiative to bear fruits from 2HFY2009 onwards and is expected to be the future growth driver. RIL stock is available at 18.7x FY2010E FDEPS of Rs 139.1. We remain positive on the growth prospects of RIL and maintain a Buy on the stock with a Target Price of Rs 3344," says Angel's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


Saturday, April 19, 2008

$25-an-hour Jobs

By Mary Lorenz, CareerBuilder.com writer

If you get paid a salary, you probably don't give much thought to what you make on an hourly basis. Either the thought is too depressing ("That's all I make per hour?"), produces too much guilt ("That's how much the company spends every time I take a 'little' break to watch YouTube videos?"), or simply doesn't occur to you. That said, $25 an hour may not sound like much, until you realize that the median household salary is $46,326 according to the 2005 U.S. Census Bureau, and that breaks down to about $22.27 per hour for a 40-hour work week.


So who's making more than the average American at $25 an hour?


1. Market analyst -- $27.18/hour
Market analysts work in government agencies, consulting firms, financial institutions or marketing research firms, where they research and predict the sales potential of a particular product or service. A bachelor's degree is the minimum requirement for many jobs; however, a master's degree in a field such as business administration, marketing, statistics or communications will provide more opportunities.
Average annual salary: $56,541*


2. Chemist -- $25.16/hour
Chemists search for and use knowledge about chemicals to discover and develop new and improved products, processes to save energy and reduce pollution, and advances in fields like medicine and agriculture. A bachelor's degree in chemistry or a related discipline is the minimum educational requirement; however, many research jobs require a master's degree or doctorate.
Average annual salary: $52,333


3. Civil engineer -- $25.29/hour
Civil engineers plan, design and oversee engineering for building projects like airports, bridges, buildings and irrigation systems. They often need a degree in civil engineering or certification as a registered civil engineer.
Average annual salary: $52,605

4. Social worker -- $25.06/hour
Social workers work for places like community centers, hospitals and penal institutions, where they develop programs to help individuals and groups enhance their personal relationships and social development. Social workers receive accreditation through a four-year college degree program in social work and on-the-job experience.
Average annual salary: $52,119


5. Human resources generalist -- $26.90/hour
Human resources generalists work to improve working conditions within an establishment by identifying, evaluating and resolving problems in employee relations and work performance. A combination of directly related training and experience is typically required for carrying out the responsibilities for this job.
Average annual salary: $55,959


6. Architect -- $26.41/hour
Architects apply their knowledge of design to plan and supervise the construction of building projects according to their clients' needs and financial resources. Architects need a degree from an approved school of architecture.
Average annual salary: $55,060


7. Speech pathologist -- $25.05/hour
Speech pathologists specialize in the diagnosis and treatment of speech and language disorders and study the science of human communication. Practice requires a four-year degree in the field of health sciences.
Average annual salary: $52,105


8. Budget analyst -- $26.71/hour
Budget analysts review financial plans and help institutions prepare budgets, improve efficiency and lower costs. Budget analysts typically have at least a bachelor's degree in accounting, finance, business, public administration, economics, statistics, political science or sociology.
Average annual salary: $55,579


9. Detective -- $27.02/hour
Detectives carry out investigations to prevent crimes or solve criminal cases. Detectives are appointed based on their eligibility under civil service regulations, their performance in competitive written exams and their previous education and experience.
Average annual salary: $56,197


10. Physical therapist -- $25.68/hour
Physical therapists plan and administer medically prescribed treatment for patients suffering from injuries or certain diseases to restore function, relieve pain and prevent disability. A combination of training and experience is typically required to practice, as well as compliance with state licensing requirements.
Average annual salary: $53,410