The Economic Times
How to build a good equity portfolio?
16 Dec, 2007, 1422 hrs IST, SHUBHA GANESH,TNN
Your equity portfolio should consist of 10-15 stocks spread across 2-5 sectors to diversify risk.
Stock market linkage with global markets
Taking advantage of market volatility
How splitting stocks helps shareholders
Tatas India's second most valued group after Mukesh Ambani's
---------------------------------------------------
Govt employees shifting savings to capital mkt: Study
India should seek mkt for services in trade with Korea: FICCI
Tata Motors' small car test run in April 2008
China's Li & Fung to expand in India, source talent
Sterlite Industries honoured for sustainable development
Federal bank to set up 66 branches this fiscal
L&T forms JV to build Oman refinery equipment factory
Indo Rama opens outlet in Amritsar
Delay in implementation of reforms to affect growth rate: FM
Essential expenses of Bihar, Bengal exceed revenue: RBI
Corporate India to slow down further in Q3 FY 08
India should seek mkt for services in trade with Korea: FICCI
Tax collection touches Rs 1,54,000 cr
Manaksia Ltd to raise Rs 240 crore from market
Stock market to see record number of holidays in '08
Indiabulls buys 11-seater Cessna
Investment options for risk-averse investors
Building a good equity portfolio
ELSS and tax savings
Investing by new investors
Taking advantage of market volatility
More @ http://economictimes.indiatimes.com/headlines.cms
Source: http://economictimes.indiatimes.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. Blog is not responsible for any faulty information.
16 December 2007
Tata-Corus among world's ten best deals of 2007: ET Story
Tata-Corus among world's ten best deals of 2007
Indian conglomerate Tatas' 11.3 billion dollar acquisition of Corus Group Plc that propelled it as the world's sixth-largest steelmaker has been ranked among the ten best business deals of 2007 by Time magazine. The international magazine's list has been topped by the five billion dollar buyout of media giant Dow Jones by Rupert Murdoch-led conglomerate News Corporation.
Talking about Tata-Corus deal, the magazine said, "Although India's tech prowess in the outsourced world grabs the headlines, there is no more powerful symbol of India Inc's rise than this one. "Ah, the delicious irony, as the Tata family conglomerate, India's steel giant, buys the Anglo-Dutch firm that includes the remnants of British Steel at one time, a symbol of Britain's imperial might," it noted. While reminding about the days British rule, the magazine said, "Guess the dreadnought age is over; but not the steel age, at least not in the developing world."
Tata Steel had acquired Corus for 11.3 billion dollars, the biggest overseas acquisition by an Indian company. The acquisition has been ranked sixth best in the world ahead of four other deals like takeover of Hilton Hotels by private equity firm Blackstone Group for 26 billion dollars. Interestingly, the buyout of 4.9 per cent stake in world's largest bank Citigroup, currently headed by India-born Vikram Pandit, by Abu Dhabi Investment Authority for 7.5 billion dollars has found a place among the ten worst deals of the year. However, Citigroup was not being headed by Pandit when the deal was executed.
Source: http://economictimes.indiatimes.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. Blog is not responsible for any faulty information.
Indian conglomerate Tatas' 11.3 billion dollar acquisition of Corus Group Plc that propelled it as the world's sixth-largest steelmaker has been ranked among the ten best business deals of 2007 by Time magazine. The international magazine's list has been topped by the five billion dollar buyout of media giant Dow Jones by Rupert Murdoch-led conglomerate News Corporation.
Talking about Tata-Corus deal, the magazine said, "Although India's tech prowess in the outsourced world grabs the headlines, there is no more powerful symbol of India Inc's rise than this one. "Ah, the delicious irony, as the Tata family conglomerate, India's steel giant, buys the Anglo-Dutch firm that includes the remnants of British Steel at one time, a symbol of Britain's imperial might," it noted. While reminding about the days British rule, the magazine said, "Guess the dreadnought age is over; but not the steel age, at least not in the developing world."
Tata Steel had acquired Corus for 11.3 billion dollars, the biggest overseas acquisition by an Indian company. The acquisition has been ranked sixth best in the world ahead of four other deals like takeover of Hilton Hotels by private equity firm Blackstone Group for 26 billion dollars. Interestingly, the buyout of 4.9 per cent stake in world's largest bank Citigroup, currently headed by India-born Vikram Pandit, by Abu Dhabi Investment Authority for 7.5 billion dollars has found a place among the ten worst deals of the year. However, Citigroup was not being headed by Pandit when the deal was executed.
Source: http://economictimes.indiatimes.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. Blog is not responsible for any faulty information.
ET :Govt employees shifting savings to capital mkt - Study
Govt employees shifting savings to capital mkt: Study
Government employees, who earlier hesitated to park their savings in the capital market, are increasingly buying shares and mutual fund schemes in the expectation of higher returns, industry body Assocham said.
"Fifty eight per cent of government employees are choosing stocks and mutual funds as their preferred investment instruments," Assocham said in a survey on changing investment patterns of government employees. Out of a total 510 employees surveyed from middle and upper-middle ranks in the government and the PSUs, about 300 prefer investing in shares. This is followed by private and state-owned mutual funds, Assocham said in press release.
Huge investments in stocks and infrastructure has lured government employees to tilt toward capital market against traditional channels of investments in post offices, banks and other fixed deposit schemes, the survey said. Easy availability of advisory services by experts, which mitigates the risk of losses, is a major factor for investment in the stock market by employees.
"Despite stock market's volatile nature, element of risk taking is now getting into the psyche of government employees as a result of which domestic capital market is attracting protected lot of government employees also," Assocham President Venugopal Dhoot was quoted as saying in the release.
It said over 42 per cent respondents were keen to invest in shares of infrastructure, real estate, IT and automobile companies as the sectors were giving huge returns.
However, the survey said, 32 per cent of government employees, especially from the central government, are still choosing traditional routes of investments in post offices and banks schemes as they want safe returns.
Source: http://economictimes.indiatimes.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. Blog is not responsible for any faulty information.
Government employees, who earlier hesitated to park their savings in the capital market, are increasingly buying shares and mutual fund schemes in the expectation of higher returns, industry body Assocham said.
"Fifty eight per cent of government employees are choosing stocks and mutual funds as their preferred investment instruments," Assocham said in a survey on changing investment patterns of government employees. Out of a total 510 employees surveyed from middle and upper-middle ranks in the government and the PSUs, about 300 prefer investing in shares. This is followed by private and state-owned mutual funds, Assocham said in press release.
Huge investments in stocks and infrastructure has lured government employees to tilt toward capital market against traditional channels of investments in post offices, banks and other fixed deposit schemes, the survey said. Easy availability of advisory services by experts, which mitigates the risk of losses, is a major factor for investment in the stock market by employees.
"Despite stock market's volatile nature, element of risk taking is now getting into the psyche of government employees as a result of which domestic capital market is attracting protected lot of government employees also," Assocham President Venugopal Dhoot was quoted as saying in the release.
It said over 42 per cent respondents were keen to invest in shares of infrastructure, real estate, IT and automobile companies as the sectors were giving huge returns.
However, the survey said, 32 per cent of government employees, especially from the central government, are still choosing traditional routes of investments in post offices and banks schemes as they want safe returns.
Source: http://economictimes.indiatimes.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. Blog is not responsible for any faulty information.
VC, PE updates from VCCircle.com, Indiape.com
VCcircle.com
Xilinx’s Corporate Venture Arm Looking For Investments In India
Tata Tele Plans To Sell 49% In Its Tower Biz
SIDBI Plans Asset Reconstruction Firm In Partnership With Banks
UTI Ventures-Funded Excelsoft To Raise Growth Capital
------------------------------------------
IndiaPE.com
GE sells 4% Genpact shares for $100 mn
PE majors queue up for slice of domestic brokerages
Jindal Drilling founders sell 10.5 pc to Citigroup
UTV buys controlling stake in Indiagames
ICICI, IL&FS, Kotak pick up 9.55% stake in MCX
Red Fort Capital to float domestic realty fund
Investment in PIPE deals crossed $1.7 billion till October
ISB unveils advanced PE course for execs
Sequoia, Singapore fund may invest in Excelsoft
Yatra picks up 50% in Batanagar IT project
Source: http://www.vccircle.com and www.indiape.com 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. Blog is not responsible for any faulty information.
Xilinx’s Corporate Venture Arm Looking For Investments In India
Tata Tele Plans To Sell 49% In Its Tower Biz
SIDBI Plans Asset Reconstruction Firm In Partnership With Banks
UTI Ventures-Funded Excelsoft To Raise Growth Capital
------------------------------------------
IndiaPE.com
GE sells 4% Genpact shares for $100 mn
PE majors queue up for slice of domestic brokerages
Jindal Drilling founders sell 10.5 pc to Citigroup
UTV buys controlling stake in Indiagames
ICICI, IL&FS, Kotak pick up 9.55% stake in MCX
Red Fort Capital to float domestic realty fund
Investment in PIPE deals crossed $1.7 billion till October
ISB unveils advanced PE course for execs
Sequoia, Singapore fund may invest in Excelsoft
Yatra picks up 50% in Batanagar IT project
Source: http://www.vccircle.com and www.indiape.com 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. Blog is not responsible for any faulty information.
Best Brokers Poll and other blog stories
http://www.deadpresident.blogspot.com
Best Brokers, Research India Polls 2007
How to find multibaggers
Financial Services
Weekend Industry Trends
Midcaps in flavour
Shri Lakshmi Cotsyn
NIIT Ltd
India Infrastructure
Market Buzz
---------------------------------------------
http://www.kpowave.blogspot.com
Role:The position will own full responsibility for the research coverage of companies in a specific industry. The role involves analyzing companies in an industry, creating the fundamental framework for coverage, creating earning models and managing coverage on an ongoing basis .
More @ Analyst Openings in Grindstone Research
---------------------------------------------
http://freestocktips-2007.blogspot.com/
Company:Vijay Shanthi Builders Ltd
Industry:Construction & Contracting - Housing
Recommendation:Outperformer
More @ Vijay Shanthi Builders Ltd.
Company:Spanco Telesystems & Solutions Ltd.
About the Company:Spanco Telesystems and Solutions Ltd.(508976 ) is one of the leading telecom systems integration and IT services company in India. From providing telecom integration services to multinationals, Public Sector Units and India's vast defense sector, Spanco has evolved to extend its expertise into the dynamic space of Business Process Outsourcing and RFIDIndustry: IT Enabled Services.
More @ Spanco Telesystems & Solutions Ltd.
Source: Above sites. 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. Blog is not responsible for any faulty information.
Best Brokers, Research India Polls 2007
How to find multibaggers
Financial Services
Weekend Industry Trends
Midcaps in flavour
Shri Lakshmi Cotsyn
NIIT Ltd
India Infrastructure
Market Buzz
---------------------------------------------
http://www.kpowave.blogspot.com
Role:The position will own full responsibility for the research coverage of companies in a specific industry. The role involves analyzing companies in an industry, creating the fundamental framework for coverage, creating earning models and managing coverage on an ongoing basis .
More @ Analyst Openings in Grindstone Research
---------------------------------------------
http://freestocktips-2007.blogspot.com/
Company:Vijay Shanthi Builders Ltd
Industry:Construction & Contracting - Housing
Recommendation:Outperformer
More @ Vijay Shanthi Builders Ltd.
Company:Spanco Telesystems & Solutions Ltd.
About the Company:Spanco Telesystems and Solutions Ltd.(508976 ) is one of the leading telecom systems integration and IT services company in India. From providing telecom integration services to multinationals, Public Sector Units and India's vast defense sector, Spanco has evolved to extend its expertise into the dynamic space of Business Process Outsourcing and RFIDIndustry: IT Enabled Services.
More @ Spanco Telesystems & Solutions Ltd.
Source: Above sites. 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. Blog is not responsible for any faulty information.
BusinessLine Stories and Articles
www.businessline.in
PE majors queue up for slice of domestic brokerages
Non-food credit surges in November
Indian markets among most expensive globally?
UTV ready to go it alone in Hollywood
Cement cos may feel the pinch as coal costs rise
Small-cap stocks — Still time to join the party?
S Kumars close to Rs 500-cr overseas buy
Excess returns: All about market timing
Index Outlook
Ipca Labs: Buy More
Everest Kanto Cylinders: Buy More
Tantia Constructions: Buy
An introduction to open offers
Sanghvi Movers to spend Rs 550 cr for buying cranes
Manaksia to expand metal biz, prepay term debt thru IPO
Investment Nuggets
Trader's Corner
Birla Sun Life Frontline Equity — In tune with the market themes
Fund Talk More
Technical Analysis Q&A....More
Colgate to restart trading on NSE
Reliance Industries
Prominent bulk deals on NSE and BSE
Sundaram BNP Paribas S.M.I.L.E: Hold
DSPML Equity Fund: Invest
Precision Pipes (IPO): Avoid
Aries Agro (IPO): Avoid
Ipca Labs: Buy
Everest Kanto Cylinders: Buy
Porwal Auto Components — IPO: Avoid
OUTLOOK Nifty future may see downward pressure
What’s Ahead
It’s about emotional, not financial return
Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com
Should companies be socially responsible?
Source: www.businessline.in. 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. Blog is not responsible for any faulty information.
PE majors queue up for slice of domestic brokerages
Non-food credit surges in November
Indian markets among most expensive globally?
UTV ready to go it alone in Hollywood
Cement cos may feel the pinch as coal costs rise
Small-cap stocks — Still time to join the party?
S Kumars close to Rs 500-cr overseas buy
Excess returns: All about market timing
Index Outlook
Ipca Labs: Buy More
Everest Kanto Cylinders: Buy More
Tantia Constructions: Buy
An introduction to open offers
Sanghvi Movers to spend Rs 550 cr for buying cranes
Manaksia to expand metal biz, prepay term debt thru IPO
Investment Nuggets
Trader's Corner
Birla Sun Life Frontline Equity — In tune with the market themes
Fund Talk More
Technical Analysis Q&A....More
Colgate to restart trading on NSE
Reliance Industries
Prominent bulk deals on NSE and BSE
Sundaram BNP Paribas S.M.I.L.E: Hold
DSPML Equity Fund: Invest
Precision Pipes (IPO): Avoid
Aries Agro (IPO): Avoid
Ipca Labs: Buy
Everest Kanto Cylinders: Buy
Porwal Auto Components — IPO: Avoid
OUTLOOK Nifty future may see downward pressure
What’s Ahead
It’s about emotional, not financial return
Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com
Should companies be socially responsible?
Source: www.businessline.in. 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. Blog is not responsible for any faulty information.
Rediff, Myiris Stories
Rediff.com
Man in the News: Vikram Pandit
Meet The 10 Richest Indians
Top-earning world leaders
10 qualities of a good stock trader
-----------------------------------------------
$10-bn SEZ near Mumbai soon
Spending on luxury? Are they good?
New deadline for filing tax returns
What Vikram Pandit plans for Citi
5 things to look for in an FD
• 'Best friend & partner don't get along': Your responses!
• Taking the SNAP? Read this!
• Entrepreneurship: Trust your gut feeling
• At 18, he runs an anti-hacking company More
Information You Can Use
• Seminar on US visas
• Admissions: MICA's PGDM-C
• ICAI announces CPT 2008
• Manipal Univ: PG courses
----------------------------------------------------
Myiris.Com
Subsidy on fertilizer may rise 30-35% in 2008
Godrej Appliances to foray into CTV category
RBI tightens credit facility for MFs, FIIs
IRDA to liberalize IPO investment norms for insurers
India`s external sector continues to be strong: Reddy
RBI issues MoI for Foreign Currency Vostro A/cs
HSBC looks at acquiring PSU banks
Tudor India to invest Rs 350 mn in Gujarat
Source: Above sites. 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. Blog is not responsible for any faulty information.
Man in the News: Vikram Pandit
Meet The 10 Richest Indians
Top-earning world leaders
10 qualities of a good stock trader
-----------------------------------------------
$10-bn SEZ near Mumbai soon
Spending on luxury? Are they good?
New deadline for filing tax returns
What Vikram Pandit plans for Citi
5 things to look for in an FD
• 'Best friend & partner don't get along': Your responses!
• Taking the SNAP? Read this!
• Entrepreneurship: Trust your gut feeling
• At 18, he runs an anti-hacking company More
Information You Can Use
• Seminar on US visas
• Admissions: MICA's PGDM-C
• ICAI announces CPT 2008
• Manipal Univ: PG courses
----------------------------------------------------
Myiris.Com
Subsidy on fertilizer may rise 30-35% in 2008
Godrej Appliances to foray into CTV category
RBI tightens credit facility for MFs, FIIs
IRDA to liberalize IPO investment norms for insurers
India`s external sector continues to be strong: Reddy
RBI issues MoI for Foreign Currency Vostro A/cs
HSBC looks at acquiring PSU banks
Tudor India to invest Rs 350 mn in Gujarat
Source: Above sites. 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. Blog is not responsible for any faulty information.
Weekly Gainers : Rediff India
http://money.rediff.com/money/jsp/weekly_gainer.jsp
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Gillette India Ltd. A 852.55 1,323.20 + 55.20
+
Lanco Infratech Ltd. A 555.80 809.30 + 45.61
+
Finolex Industri A 88.45 108.85 + 23.06
+
HDIL A 824.75 1,014.60 + 23.02
+
National Alumini A 379.65 449.35 + 18.36
+
Cadila Healthcar A 289.85 335.10 + 15.61
+
Ballarpur Ind. A 156.00 179.80 + 15.26
+
Spice Communications A 53.55 61.55 + 14.94
+
Adani Enterprises Lt A 794.60 911.40 + 14.70
+
Jindal Saw A 901.15 1,033.55 + 14.69
+
Dredging Corpora A 988.85 1,132.55 + 14.53
+
Jet Airways A 879.10 1,001.05 + 13.87
+
TVS Motor Co. Ltd. A 68.05 77.40 + 13.74
+
Finolex Cables A 100.05 113.50 + 13.44
+
Tata Tea A 825.55 935.75 + 13.35
+
Indo Rama Synth. A 56.65 64.20 + 13.33
+
Hindalco Indus. A 188.15 212.75 + 13.07
+
Lupin Ltd. A 567.95 639.75 + 12.64
+
Ispat Industries A 70.25 79.05 + 12.53
+
EIH Ltd. A 171.05 192.40 + 12.48
+
Punj. Tractors A 251.75 281.90 + 11.98
+
Indian Oil Corp A 590.65 661.30 + 11.96
+
GlaxoSmithKline Phar A 970.20 1,084.85 + 11.82
+
Ingersoll Rand A 344.60 383.30 + 11.23
+
Nicholas Piramal A 319.95 355.85 + 11.22
+
Engineers India A 834.00 926.30 + 11.07
+
Arvind Mills Ltd A 75.30 83.60 + 11.02
+
P&G Hygiene&Health A 713.00 791.30 + 10.98
+
JSW Steel A 1,206.25 1,337.10 + 10.85
+
JaiprakashAssociates A 1,954.25 2,155.75 + 10.31
--------------------------------------------------
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Anil Products Ltd. B1 149.20 262.00 + 75.60
+
Consolidated Finvest B1 57.00 99.45 + 74.47
+
Ambica AgarbathiB1 18.10 29.30 + 61.88
+
Sun Pharma Advanced B1 106.80 172.05 + 61.10
+
Vardhman Holdings B1 251.00 397.00 + 58.17
+
Jagsonpal Pharma B1 20.50 31.75 + 54.88
+
Sakuma Exports B1 21.03 32.30 + 53.59
+
Shyam Telecom B1 102.70 155.70 + 51.61
+
Netflier Finco Ltd. B1 42.50 64.40 + 51.53
+
Nahar Investments & B1 32.70 49.40 + 51.07
+
Amforge Inds. B1 14.95 22.48 + 50.37
+
Guj. Themis Bios T 12.63 18.68 + 47.90
+
Haryana Capfin Ltd. B1 63.60 93.55 + 47.09
+
Mukand Engineers T 39.15 57.55 + 47.00
+
Patspin India B1 14.95 21.89 + 46.42
+
Guj. Sidhee Ceme T 29.20 42.05 + 44.01
+
Novopan Industri B1 56.55 81.35 + 43.85
+
Radaan Mediaworks(I) B1 8.11 11.57 + 42.66
+
KCP Sugar & In B1 19.90 28.25 + 41.96
+
Mirza International B1 24.20 34.30 + 41.74
+
Ansal Properties & I B1 271.75 383.90 + 41.27
+
Supreme Petroche B1 33.10 46.70 + 41.09
+
City Union Bank B1 301.10 424.15 + 40.87
Source: http://www.rediff.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. Blog is not responsible for any faulty information.
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Gillette India Ltd. A 852.55 1,323.20 + 55.20
+
Lanco Infratech Ltd. A 555.80 809.30 + 45.61
+
Finolex Industri A 88.45 108.85 + 23.06
+
HDIL A 824.75 1,014.60 + 23.02
+
National Alumini A 379.65 449.35 + 18.36
+
Cadila Healthcar A 289.85 335.10 + 15.61
+
Ballarpur Ind. A 156.00 179.80 + 15.26
+
Spice Communications A 53.55 61.55 + 14.94
+
Adani Enterprises Lt A 794.60 911.40 + 14.70
+
Jindal Saw A 901.15 1,033.55 + 14.69
+
Dredging Corpora A 988.85 1,132.55 + 14.53
+
Jet Airways A 879.10 1,001.05 + 13.87
+
TVS Motor Co. Ltd. A 68.05 77.40 + 13.74
+
Finolex Cables A 100.05 113.50 + 13.44
+
Tata Tea A 825.55 935.75 + 13.35
+
Indo Rama Synth. A 56.65 64.20 + 13.33
+
Hindalco Indus. A 188.15 212.75 + 13.07
+
Lupin Ltd. A 567.95 639.75 + 12.64
+
Ispat Industries A 70.25 79.05 + 12.53
+
EIH Ltd. A 171.05 192.40 + 12.48
+
Punj. Tractors A 251.75 281.90 + 11.98
+
Indian Oil Corp A 590.65 661.30 + 11.96
+
GlaxoSmithKline Phar A 970.20 1,084.85 + 11.82
+
Ingersoll Rand A 344.60 383.30 + 11.23
+
Nicholas Piramal A 319.95 355.85 + 11.22
+
Engineers India A 834.00 926.30 + 11.07
+
Arvind Mills Ltd A 75.30 83.60 + 11.02
+
P&G Hygiene&Health A 713.00 791.30 + 10.98
+
JSW Steel A 1,206.25 1,337.10 + 10.85
+
JaiprakashAssociates A 1,954.25 2,155.75 + 10.31
--------------------------------------------------
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Anil Products Ltd. B1 149.20 262.00 + 75.60
+
Consolidated Finvest B1 57.00 99.45 + 74.47
+
Ambica AgarbathiB1 18.10 29.30 + 61.88
+
Sun Pharma Advanced B1 106.80 172.05 + 61.10
+
Vardhman Holdings B1 251.00 397.00 + 58.17
+
Jagsonpal Pharma B1 20.50 31.75 + 54.88
+
Sakuma Exports B1 21.03 32.30 + 53.59
+
Shyam Telecom B1 102.70 155.70 + 51.61
+
Netflier Finco Ltd. B1 42.50 64.40 + 51.53
+
Nahar Investments & B1 32.70 49.40 + 51.07
+
Amforge Inds. B1 14.95 22.48 + 50.37
+
Guj. Themis Bios T 12.63 18.68 + 47.90
+
Haryana Capfin Ltd. B1 63.60 93.55 + 47.09
+
Mukand Engineers T 39.15 57.55 + 47.00
+
Patspin India B1 14.95 21.89 + 46.42
+
Guj. Sidhee Ceme T 29.20 42.05 + 44.01
+
Novopan Industri B1 56.55 81.35 + 43.85
+
Radaan Mediaworks(I) B1 8.11 11.57 + 42.66
+
KCP Sugar & In B1 19.90 28.25 + 41.96
+
Mirza International B1 24.20 34.30 + 41.74
+
Ansal Properties & I B1 271.75 383.90 + 41.27
+
Supreme Petroche B1 33.10 46.70 + 41.09
+
City Union Bank B1 301.10 424.15 + 40.87
Source: http://www.rediff.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. Blog is not responsible for any faulty information.
Weekly Wrap Up: Sensex gains 64.83 pts in the week
India`s benchmark 30 share index, BSE Sensex gained 64.83 points to 20,030.83, over the week ended December 15, while the broad based NSE Nifty climbed 113.10 points to 6,047.70 in the same period.
The Sensex lost the ground after opening with gains on Monday, following the drop in global markets after UBS reported that it will write down assets attached to US subprime lending by USD 10 billion. Select stocks from capital goods, FMCG, metal, health care and power led the fall while consumer durable, realty and banking stocks gained.BSE Sensex closed with a loss of 35.32 points, or 0.18%, at 19,930.68, while the broad-based NSE Nifty closed at 5,960.60, down 13.7 points, or 0.23%.
On Tuesday, Sensex closed above 20,000 driven by continuous buying activity among the investors on speculation that another cut by the Fed will lure more investors to emerging market assets. The index opened firm at 20,049.35 and touched an intraday high of 20,333.06. Heavy buying interest was seen across board.BSE Sensex closed with a hefty gain of 360.21 points, or 1.81%, at 20,290.89, while the broad-based NSE Nifty closed at 6,097.25, up 136.65 points, or 2.29%.
Sensex closed on a firm note on Wednesday by touching an intraday high of 20,419.11 backed by sustained buying activity among the investors in index heavyweights. The index opened negative at 20,197.44 and continued to trade in the negative terrain on news of Fed cut by 25 basis points. Later the index moved up in the positive and again fell into the negative to trade on a flat note. The index touched an intraday low of 20,045.42.BSE Sensex closed with a gain of 84.98 points, or 0.42%, at 20,375.87, while the broad-based NSE Nifty closed at 6,159.30, up 62.05 points, or 1.02%.
On Thursday, Sensex opened at 20,498.11 and later slipped into the negative on back of selling activity in frontliners and global cues. The index proceeded to trade in the negative throughout the day. Profit booking was seen across board. Consequently, the index fell further and touched an intraday low of 20.065.63, to finally wrap the day on a weak note.
BSE Sensex closed with a loss of 271.48 points, or 1.33%, at 20,104.39, while the broad-based NSE Nifty closed at 6,058.10, down 101.2 points, or 1.64%.
On Friday, Sensex opened positive at 20,108.09 and later slipped into the negative on back of selling activity in frontliners and global cues. The index traded in negative throughout the day on account of profit booking which was witnessed across the board. Considerable amount of movement was seen during the day.The index fell to an intraday low of 19,936.49, to finally end the day on a sluggish note. BSE Sensex closed with a loss of 73.56 points, or 0.37%, at 20,030.83, while the broad-based NSE Nifty closed at 6,047.70, down 10.4 points, or 0.17%.
New ListingShares of Mumbai-based jewellery maker Renaissance Jewellery got listed on Wednesday at a premium of 26.67%, or at Rs 190 as against its issue price of Rs 150 a share on the Bombay Stock exchange (BSE).The company`s initial public offering received 23.63 times subscription. The company`s IPO of 5.32 million shares of Rs 10 each, was priced between Rs 125 and Rs 150 a share.
Edelweiss Capital made a sparking debut at the bourses on Wednesday.The company`s scrip got listed at 75% premium, or at Rs 1,443.75 on the Bombay Stock exchange (BSE) over its issue price of Rs 825.00 a share.The company had come out with an initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each, at a price band of Rs 725 to Rs 825 a share. The issue was open for subscription from November 15 to November 20. The issue received an overwhelming response, as it was oversubscribed 110.90 times.Shares of realty major in Pune, Kolte Patil Developers (KPDL) after listing on bourses on Thursday, settled with 24.24% premium on the National Stock Exchange (NSE). It opened at a premium of Rs 85, or 58.62%, at Rs 230 as compared with the issue price of Rs 145 a share. It touched a high of Rs 230 and a low of Rs 176. Shares of Kaushalya Infrastructure Development Corporation (KIDCO), a diversified infrastructure development company, after listing on bourses on Friday, settled with 35.50% premium on the National Stock Exchange (NSE). Shares opened at a premium of Rs 19, or 31.67%, at Rs 79 as compared with the issue price of Rs 60 a share. It touched a high of Rs 84.80 and a low of Rs 59.
Corporate Highlights
Suzlon`s arm Hansen list with 42.3% premium on LSE
Suzlon Energy on Tuesday announced the listing of Hansen Transmissions International, Belgium (Hansen), the subsidiary of the company, on Dec. 11, 2007 on the London Stock Exchange.
IOC warns Indian RailwaysIndian Oil Corp (IOC) has threatened to stop fuel supplies to rail locomotives if the railways continue to insists on discounts on rates. IOC is the largest supplier of diesel to Indian Railways. IOC supplies 85% of the 2.38 million kilolitre (kl) diesel railways need annually.
TV18 acquires 53% stake in InfomediThe board of directors of Television Eighteen (TV18) India at its meeting held on Dec. 11, 2007 approved the acquisition of at least 53% stake in Infomedia India from ICICI Venture managed fund.
Television Eighteen makes open offer for 20% in InfomediaTelevision Eighteen India along with I-Ven Interactive issued a public announcement to the shareholders of Infomedia India to acquire upto 51,87,621 equity shares being 20% of the voting capital of Infomedia India at Rs 237 a share, paybale in cash.The offer opens on Feb. 04, 2008 and closes on Feb. 23, 2008.
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.75% for the week ended December 01, as against 3.01% in the previous week.
Policy
Stock market regulator SEBI said that it will expand the municipal bond market in the country, that can help urban local bodies raise funds for infrastructure development.
SEBI chairman M Damodaran said there is enough liquidity in the capital market, and a few enabling provisions are needed to pull investors into long-term funds.
Municipal bonds, are issued by urban local bodies (ULBs) to finance infrastructure such as water supply and sanitation. In India, municipal bond market is 10 years old. The first bonds were issued by Ahmedabad Municipal Corporation. More ULBs should raise money from the capital market, he said.
So far there are 13 municipal bodies that have issued such bonds and in the 1999-2000 budget, the government allowed issuance of tax-free municipal bonds.
Damodaran is of the opinion, that flexibility is required in the kind of municipal bonds through which one seeks to raise money in the country as compared to standard bonds concept.
RBI issues MoI for Foreign Currency Vostro A/cs
The Reserve Bank of India (RBI) issued a memorandum of instructions (MoI) for opening and maintaining Rupee or foreign currency vostro accounts of non-resident exchanges houses.
Authorised Dealer Category –I (AD Category – I) banks are invited to the MoI for opening and maintaining such accounts.
For operations in the Rupee vostro accounts, the accounts can be used for channeling inward remittances to India primarily on private account. The remitter is permitted upto Rs 20 million per transaction and the accounts will not be used for outward remittances from India.
Separate Rupee Vostro accounts will be maintained for each arrangement and the accounts shall run on credit basis.
Also, the RBI has laid down instructions on foreign currency drawing arrangements as well as on internal control and monitoring of accounts.
Spectrum policy, also open to new comers: PM
The telecom spectrum policy should be allocated in a manner that are open to new comers to ensure the competitiveness in the sector, said Prime Minister Manmohan Singh.
He expressed concern saying that the spectrum availability can be a constrain for the growth of telecom sector in future. Also the centre has taken steps for vacating air waves by the existing users.
Singh said the key issues in the spectrum policy should be correct pricing, fair allocation rules and a pro- competitive stance. All the spectrum users to use this scare resource optimally `all technological options must be explored to maximize its utilization.`
Industrial outlook `positive`:FM
Finance Minister P Chidambaram described industrial outlook as positive, a day after official figures showed an industrial production growth of 11.8% in October 2007, as against 4.5% in the corresponding month a year ago.
According to the official figures, the industrial production during October grew by 11.8% from 4.5 % in the corresponding month last year.
However, for April-October period the growth worked out to be 9.7%, marginally lower than 10.1% recorded in the same period last year.
IRDA to consider more instruments for insurers
The Insurance Regulatory Development Authority of India (IRDA) is thinking to include mortgage-backed securities, infrastructure securities and investments in initial public offers (IPOs) in approved investments.
It is learnt that there will be certain changes in the insurance regulations that will give more flexibility to insurers without taking recourse to legislative amendment.
Investors are much inclined to infrastructure securities, as it is similar to investment requirements that offers good yields, lower defaults and are long term in nature.
IRDA to liberalize IPO investment norms for insurers
Insurance Regulatory and Development Authority (IRDA), may allow life insurers to subscribe to initial public offerings (IPO) of companies.
The insurers will be allowed to subscribe IPO of companies with a high IPO rating by a credit rating agency and the move will enable insurers to generate higher returns for their policyholders.
Global
The US Federal Reserve on Wednesday cut interest rates by a quarter percentage point to 4.25%, or 25 basis points.The cut in the federal funds rate is the third in the past three months by the world`s most powerful central bank. Fed officials signalled that further cuts were possible if the downturn in housing and the crisis in mortgage lending were to get worse.
Agri
Government announced that it had notified a new scheme extending financial assistance to sugar mills. As part of the package, the sugar mills will get interest-free loans to help them pay the dues of the farmers who supply them sugarcane.
General
Vikram Pandit has been named CEO of Citigroup, the world`s largest bank.Vikram will have to face mounting challenges at Citigroup. The bank has suffered staggering losses in recent times in the mortgage melt-down and other exposures. Shares of Citigroup dropped to below USD 30 for the first time in five years.........
More@ Weekly Wrap Up: Sensex gains 64.83 pts in the week
Source: http://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. Blog is not responsible for any faulty information.
The Sensex lost the ground after opening with gains on Monday, following the drop in global markets after UBS reported that it will write down assets attached to US subprime lending by USD 10 billion. Select stocks from capital goods, FMCG, metal, health care and power led the fall while consumer durable, realty and banking stocks gained.BSE Sensex closed with a loss of 35.32 points, or 0.18%, at 19,930.68, while the broad-based NSE Nifty closed at 5,960.60, down 13.7 points, or 0.23%.
On Tuesday, Sensex closed above 20,000 driven by continuous buying activity among the investors on speculation that another cut by the Fed will lure more investors to emerging market assets. The index opened firm at 20,049.35 and touched an intraday high of 20,333.06. Heavy buying interest was seen across board.BSE Sensex closed with a hefty gain of 360.21 points, or 1.81%, at 20,290.89, while the broad-based NSE Nifty closed at 6,097.25, up 136.65 points, or 2.29%.
Sensex closed on a firm note on Wednesday by touching an intraday high of 20,419.11 backed by sustained buying activity among the investors in index heavyweights. The index opened negative at 20,197.44 and continued to trade in the negative terrain on news of Fed cut by 25 basis points. Later the index moved up in the positive and again fell into the negative to trade on a flat note. The index touched an intraday low of 20,045.42.BSE Sensex closed with a gain of 84.98 points, or 0.42%, at 20,375.87, while the broad-based NSE Nifty closed at 6,159.30, up 62.05 points, or 1.02%.
On Thursday, Sensex opened at 20,498.11 and later slipped into the negative on back of selling activity in frontliners and global cues. The index proceeded to trade in the negative throughout the day. Profit booking was seen across board. Consequently, the index fell further and touched an intraday low of 20.065.63, to finally wrap the day on a weak note.
BSE Sensex closed with a loss of 271.48 points, or 1.33%, at 20,104.39, while the broad-based NSE Nifty closed at 6,058.10, down 101.2 points, or 1.64%.
On Friday, Sensex opened positive at 20,108.09 and later slipped into the negative on back of selling activity in frontliners and global cues. The index traded in negative throughout the day on account of profit booking which was witnessed across the board. Considerable amount of movement was seen during the day.The index fell to an intraday low of 19,936.49, to finally end the day on a sluggish note. BSE Sensex closed with a loss of 73.56 points, or 0.37%, at 20,030.83, while the broad-based NSE Nifty closed at 6,047.70, down 10.4 points, or 0.17%.
New ListingShares of Mumbai-based jewellery maker Renaissance Jewellery got listed on Wednesday at a premium of 26.67%, or at Rs 190 as against its issue price of Rs 150 a share on the Bombay Stock exchange (BSE).The company`s initial public offering received 23.63 times subscription. The company`s IPO of 5.32 million shares of Rs 10 each, was priced between Rs 125 and Rs 150 a share.
Edelweiss Capital made a sparking debut at the bourses on Wednesday.The company`s scrip got listed at 75% premium, or at Rs 1,443.75 on the Bombay Stock exchange (BSE) over its issue price of Rs 825.00 a share.The company had come out with an initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each, at a price band of Rs 725 to Rs 825 a share. The issue was open for subscription from November 15 to November 20. The issue received an overwhelming response, as it was oversubscribed 110.90 times.Shares of realty major in Pune, Kolte Patil Developers (KPDL) after listing on bourses on Thursday, settled with 24.24% premium on the National Stock Exchange (NSE). It opened at a premium of Rs 85, or 58.62%, at Rs 230 as compared with the issue price of Rs 145 a share. It touched a high of Rs 230 and a low of Rs 176. Shares of Kaushalya Infrastructure Development Corporation (KIDCO), a diversified infrastructure development company, after listing on bourses on Friday, settled with 35.50% premium on the National Stock Exchange (NSE). Shares opened at a premium of Rs 19, or 31.67%, at Rs 79 as compared with the issue price of Rs 60 a share. It touched a high of Rs 84.80 and a low of Rs 59.
Corporate Highlights
Suzlon`s arm Hansen list with 42.3% premium on LSE
Suzlon Energy on Tuesday announced the listing of Hansen Transmissions International, Belgium (Hansen), the subsidiary of the company, on Dec. 11, 2007 on the London Stock Exchange.
IOC warns Indian RailwaysIndian Oil Corp (IOC) has threatened to stop fuel supplies to rail locomotives if the railways continue to insists on discounts on rates. IOC is the largest supplier of diesel to Indian Railways. IOC supplies 85% of the 2.38 million kilolitre (kl) diesel railways need annually.
TV18 acquires 53% stake in InfomediThe board of directors of Television Eighteen (TV18) India at its meeting held on Dec. 11, 2007 approved the acquisition of at least 53% stake in Infomedia India from ICICI Venture managed fund.
Television Eighteen makes open offer for 20% in InfomediaTelevision Eighteen India along with I-Ven Interactive issued a public announcement to the shareholders of Infomedia India to acquire upto 51,87,621 equity shares being 20% of the voting capital of Infomedia India at Rs 237 a share, paybale in cash.The offer opens on Feb. 04, 2008 and closes on Feb. 23, 2008.
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.75% for the week ended December 01, as against 3.01% in the previous week.
Policy
Stock market regulator SEBI said that it will expand the municipal bond market in the country, that can help urban local bodies raise funds for infrastructure development.
SEBI chairman M Damodaran said there is enough liquidity in the capital market, and a few enabling provisions are needed to pull investors into long-term funds.
Municipal bonds, are issued by urban local bodies (ULBs) to finance infrastructure such as water supply and sanitation. In India, municipal bond market is 10 years old. The first bonds were issued by Ahmedabad Municipal Corporation. More ULBs should raise money from the capital market, he said.
So far there are 13 municipal bodies that have issued such bonds and in the 1999-2000 budget, the government allowed issuance of tax-free municipal bonds.
Damodaran is of the opinion, that flexibility is required in the kind of municipal bonds through which one seeks to raise money in the country as compared to standard bonds concept.
RBI issues MoI for Foreign Currency Vostro A/cs
The Reserve Bank of India (RBI) issued a memorandum of instructions (MoI) for opening and maintaining Rupee or foreign currency vostro accounts of non-resident exchanges houses.
Authorised Dealer Category –I (AD Category – I) banks are invited to the MoI for opening and maintaining such accounts.
For operations in the Rupee vostro accounts, the accounts can be used for channeling inward remittances to India primarily on private account. The remitter is permitted upto Rs 20 million per transaction and the accounts will not be used for outward remittances from India.
Separate Rupee Vostro accounts will be maintained for each arrangement and the accounts shall run on credit basis.
Also, the RBI has laid down instructions on foreign currency drawing arrangements as well as on internal control and monitoring of accounts.
Spectrum policy, also open to new comers: PM
The telecom spectrum policy should be allocated in a manner that are open to new comers to ensure the competitiveness in the sector, said Prime Minister Manmohan Singh.
He expressed concern saying that the spectrum availability can be a constrain for the growth of telecom sector in future. Also the centre has taken steps for vacating air waves by the existing users.
Singh said the key issues in the spectrum policy should be correct pricing, fair allocation rules and a pro- competitive stance. All the spectrum users to use this scare resource optimally `all technological options must be explored to maximize its utilization.`
Industrial outlook `positive`:FM
Finance Minister P Chidambaram described industrial outlook as positive, a day after official figures showed an industrial production growth of 11.8% in October 2007, as against 4.5% in the corresponding month a year ago.
According to the official figures, the industrial production during October grew by 11.8% from 4.5 % in the corresponding month last year.
However, for April-October period the growth worked out to be 9.7%, marginally lower than 10.1% recorded in the same period last year.
IRDA to consider more instruments for insurers
The Insurance Regulatory Development Authority of India (IRDA) is thinking to include mortgage-backed securities, infrastructure securities and investments in initial public offers (IPOs) in approved investments.
It is learnt that there will be certain changes in the insurance regulations that will give more flexibility to insurers without taking recourse to legislative amendment.
Investors are much inclined to infrastructure securities, as it is similar to investment requirements that offers good yields, lower defaults and are long term in nature.
IRDA to liberalize IPO investment norms for insurers
Insurance Regulatory and Development Authority (IRDA), may allow life insurers to subscribe to initial public offerings (IPO) of companies.
The insurers will be allowed to subscribe IPO of companies with a high IPO rating by a credit rating agency and the move will enable insurers to generate higher returns for their policyholders.
Global
The US Federal Reserve on Wednesday cut interest rates by a quarter percentage point to 4.25%, or 25 basis points.The cut in the federal funds rate is the third in the past three months by the world`s most powerful central bank. Fed officials signalled that further cuts were possible if the downturn in housing and the crisis in mortgage lending were to get worse.
Agri
Government announced that it had notified a new scheme extending financial assistance to sugar mills. As part of the package, the sugar mills will get interest-free loans to help them pay the dues of the farmers who supply them sugarcane.
General
Vikram Pandit has been named CEO of Citigroup, the world`s largest bank.Vikram will have to face mounting challenges at Citigroup. The bank has suffered staggering losses in recent times in the mortgage melt-down and other exposures. Shares of Citigroup dropped to below USD 30 for the first time in five years.........
More@ Weekly Wrap Up: Sensex gains 64.83 pts in the week
Source: http://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. Blog is not responsible for any faulty information.
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