Know About: Dalal street, Wall Street

Dalal Street

Dalal Street (Marathi: दलाल - Dalāl means a broker, or dealer) in downtown Mumbai, India is the location of the Bombay Stock Exchange (in the Phiroze Jeejeebhoy Towers) and several related financial firms and institutions. When Bombay Stock Exchange was moved to this new location at the intersection of Bombay Samāchār Marg, Hammam Street, the street next to the building was renamed as Dalal Street. Similar to Wall Street in New York City, it is often used as a synonym for the Indian financial establishment in general.

more @ http://en.wikipedia.org/wiki/Dalal_Street

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Wall Street

Wall Street is a city street in lower Manhattan in New York City in the United States. It runs east from Broadway downhill to South Street on the East River, through the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange, and over time Wall Street became the name of the surrounding geographic neighborhood.[1] Wall Street is also shorthand (or a metonym) for "influential financial interests" in the U.S.[2] as well as for the financial industry in the New York City area.
Several major U.S. stock and other exchanges remain headquartered on Wall Street and in the Financial District, including the NYSE, NASDAQ, AMEX, NYMEX, and NYBOT. Many New York-based financial firms are no longer headquartered on Wall Street, but are in midtown Manhattan, the outer boroughs of the city, Long Island, Westchester County, Fairfield County, Connecticut, or New Jersey.

More @ http://en.wikipedia.org/wiki/Wall_Street




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Blog roundup

bsensedaily.com


Power Grid Corporation secures order from NDMC
Garware Offshore Buyback offer starts on 1st January
Shaw Wallace Merger with United Spirits
HOEC moves up on Rights Issue
GMR Energy buys stake in Himtal Hydra Power
Adani moves in to Top 10 Wealthiest Indians List

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Deadpresident.blogspot.com

FIIs net sellers of Rs 1,113cr in cash market
Market Close: Markets settled in green post F&O expiry
Sensex up on US interest rate-cut hope
More broking IPOs soon
Winter winds…will bears go into hibernation?


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Source: http://www.Deadpresident.blogspot.com and bsensedaily.com We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.

Moneycontrol, Myiris.com Articles

Moneycontrol.Com

Minimum appl value for IDR issue cut to Rs 20k: Sebi

December offers best returns to investors
Mah Assembly revokes Urban Land Ceiling Act
Orbit Corporation bounces back
Mkt ends weak on F&O expiry; underpe
IOL raising $300-m foreign currency ...
Bull run to continue: Experts

Are there signs of operator activity in many stocks?
Rel Retail to restructure into 35 arms
Forbes Asia names K.V. Kamath Businessman of The Year
RIL may surrender 7 exploration blocks: NW18
L&T Infotech IPO likely in H2FY08
Vakrangee emerge as front-runner for bagging Airtel project

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Myiris.Com

Educomp forays into formal school education
Brokers Outlook: Market view bullish for Friday
Lanco Infratech bags Rs 1.01 bn contract from MPRDC
Infosys Technologies appears on FinTech 100 list
BPCL to buy 2.5% stake in Oil India from Govt
Suryachakra Power to raise USD 100 mn to fund new projects

Kingfisher Airlines to start services on 7 new sectors
Aditya Birla Retail plans expansion worth Rs 80-90 bn
United Spirits to merge Shaw Wallace with itself


Source: http://www.moneycontrol.com and www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.

Economic Times, Rediff stories

The Economic Times

K V Kamath is Businessman of the year 2007

Reliance Ind to invest Rs 17,000 cr in oil & gas exploration
AMD expands R and D presence in India
United Spirits to merge Shaw Wallace with itself
RIL denies patch-up talk, RNRL mum on sell-off
Glenmark raises profit, revenue forecast for FY-08
Your first Rs 1 lakh car from Tata Motors will come not come from Singur

S Kumars eyes UK-based fashion firm
Reliance Power to be awarded coal-fired project in Andhra Pradesh
ONGC finds more gas in Rajasthan
Jaiprakash Associates to acquire 500 mw Bina project
Nirma expands chemicals biz horizon with acquisition in US
Tech companies now net talent on the Web

BSE in pact with IFIM B-school to promote capital market training
Mercator's Mittal family enters shipbuilding business
Dabbawalas to deliver AIDS kits on Dec 1
F&O entrants from Friday make smart weekly gains
More broking firms line up to ride the bull wave
BSE steps in to check surge in PVR shares

Valuemart Info acquires 74 pc stake in Datatalk Services
Portfolio management service cos beat mutual funds
Intel India plans new businesses surrounding new technologies, markets & models
Was the company's decision to float share at a face value of Rs 10 instead of Rs 2 a fair one?

SEBI makes changes to IDR guidelines

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Rediff.Com

Infosys aims to hire 30,000
K V Kamath is Forbes Asia bizman of 2007
Meet the man behind the Bata Shoe Company
Smart managers don't repeat mistakes
A girl's pioneering vision for rural BPOs
This mutual fund stands tall
Which stocks to buy now
Got a gift from a relative? No tax on it
MBA aspirants, test your Business Awareness
Top 10 ELSS funds: Save tax, make money


Young Achievers

• 'To dream big has always been my motto'
• You can make it big anywhere: Sujatha Keshavan Guha



Source: http://www.rediff.com and www.theeconomictimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.

K.V. Kamath is Forbes Asia bizman of the year : Sify.Com

Kamath is Forbes Asia bizman of the year
The m-cap of ICICI swelled to $31 b under his stewardship.


K.V. Kamath, CEO, ICICI Bank, has been named Businessman of the Year for 2007 by Forbes Asia for his steadiness at steering ICICI Bank into one of Asia's top banks. Under Kamath's watch since 1996, the market capitalisation of ICICI Bank has moved up to over $31 billion (Rs 1.25 lakh crore as on November 28) placing it among the region's top 10 banks.

"By this measure, it is bigger than Singapore's DBS Group and Korea's Kookmin Bank, and has attracted big stakeholders such as Singapore's Temasek Holdings and CLSA and Merrill Lynch funds," a press release issued by Forbes said.

Sixty-year old Kamath's win puts him in the company of Nandan Nilekani of Infosys Technologies, last year's winner, and Ratan Tata, the 2004 businessman of the year.
His addition means three Indian executives have won the accolade in the last four years. Tim Ferguson, Editor, Forbes Asia, said: "Kamath's leadership has been outstanding. His focus on serving India's growing middle class by providing first world banking service at affordable prices is largely the reason behind the phenomenal growth of ICICI."

The bank's assets have grown 40 per cent annually in the last three years propelled by a boom in consumer credit where ICICI Bank has a dominant one-third market share.



Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.

Sensex settles with a modest gain : Sify.com

NSE 5634.60 17.05
BSE 19003.26 64.39

Taking cues from global markets which had surged higher on expectations of a rate cut, equities opened on a high note on the major Indian bourses this morning, and, due to heavy short-covering in the derivatives segment ahead of expiry of November series contracts, remained high up in the positive zone till about an hour to go for the closing bell.

However, due to a fairly strong bout of selling in a few blue chip stocks, the benchmark indices Sensex and Nifty gave up a significant portion of their gains in the end. Bank, oil and realty stocks closed with smart gains. Information technology stocks, which had a bright spell today, closed well off their intra-day highs due to strong resistance during the fag end of the day.
Auto stocks too surrendered most of their gains. Power, healthcare and capital goods stocks met with profit taking. Selling was evident in late afternoon trade in midcap and smallcap segments as well.

While the Sensex, which opened with a huge positive gap of over 350 points at 19,290.67, ended the session with a modest gain of 64.39 points or 0.34% at 19,003.26, the Nifty settled at 5634.60, well off its high of 5725, with a gain of 0.3% or 17.05 points. Till around mid afternoon, only a few stocks among the Sensex components, were seen struggling to make a headway. However, when trade ended for the day, as many as 14 stocks from the Sensex pack had drifted down into the red. Among them, Bajaj Auto (down 4.65%), Ranbaxy Laboratories (down 2.65%), Reliance Energy (down 2.35%) and Tata Steel (down 2%) were the worst hit.

Reliance Communications, Hindalco and BHEL eased by 1.95%, 1.85% and 1.35% respectively. ITC, HDFC, ONGC and Larsen & Toubro lost 0.5% - 1%. Cipla and Grasim Industries lost marginal ground. Banking sector heavyweights HDFC Bank (4.3%), ICICI Bank (3.15%) and State Bank of India (0.8%) closed with sharp gains.

Reliance Industries firmed up by 1.15%. Automobile stocks Maruti Suzuki (2.5%) and Mahindra & Mahindra (1.5%) ended on a firm note. Hindustan Unilever, Bharti Airtel, Ambuja Cements, NTPC, DLF and Tata Motors closed with modest gains. IT stocks Wipro, Satyam Computer Services, Tata Consultancy Services and Infosys Technologies ended with very small gains.

Reliance Petroleum flared up 12.25% on hectic short-covering. On the National Stock Exchange, the Reliance Petroleum counter clocked a huge volume of 176.59 million shares today. At nearly Rs 3625 crore, RPL's contribution to the turnover on NSE today was quite significant.

More@ Sensex settles with a modest gain

Other stories from www.sify.com/finance

Get you math right on spectrum: Mittal
How to make money off your homeland
RIL to invest Rs 17,000 cr
BHEL wins contract
Prime Focus to acquire 2 US firms

RIL cautions against 'canard' on deal with RNRL
Rural branches are a good source of business
Time vs timing
ONGC Videsh bags two blocks in Brazil
RPL stake sale, volume data don't match
Defence ministry cracks down on Orkut networking site


Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.

Personalities: Ashok Soota, Baba Kalyani

Ashok Soota

Ashok Soota was the President of Wipro from 1984 to 1999. He co-founded MindTree Consulting in 1999, which is currently a leading name in IT consulting.He has played a major role in the development of the IT industry in India.

Chairman and managing director of MindTree Consulting, Ashok Soota co-founded the company in August 1999 along with nine other industry professionals.
Prior to co-founding MindTree, Soota was president of Wipro Infotech from 1984 to 1999. Under his leadership, the company grew from a US$ 2 million business in 1984 to a US$ 500 million business in 1999.

More about @ http://en.wikipedia.org/wiki/Ashok_Soota

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Baba Kalyani

Baba N. Kalyani (born January 7, 1949) is an Indian billionaire businessman. According to Forbes magazine, he is the 562nd richest person in the world[1] and 19th richest in India.[2]
Mr.Kalyani is the chairman and managing director of Bharat Forge, the flagship company of the Kalyani Group and the world's second-largest forgings manufacturer after ThyssenKrupp of Germany. It is expected to take the top spot in the not too distant future. He has a BE(Hons.) from BITS Pilani and an MS degree from the Massachusetts Institute of Technology.
Baba Kalyani currently lives in Pune, India. He is the founding chairman of Pratham Pune Education Foundation,[3] a charity that provides primary education for underprivileged children.

More @ http://en.wikipedia.org/wiki/Baba_Kalyani


Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information provided. Blog is not responsible for any faulty information.