The Economic Times Stories

The Economic Times
http://economictimes.indiatimes.com/


Reliance, GAIL identify 10 countries for petrochemical plant
Cement firms to pump Rs 50k cr in 3 yrs to up capacity
Plan panel for 3 multi-sectoral regulators
Thomas Cook shares flare up

IFCI board to consider induction of strategic partner
High-profile PwC hirings gel with new client needs
Small, medium firms going beyond core business
Phoenix Lamps eyes Surya Roshni's lighting business
NTPC, NCDEX to float JV for Power Exchange

Exxon likely to bid for oil blocks in NELP-VII
Apollo Hospitals to invest Rs 600 cr in tier II cities
Street debut planned for 34 mini-ratnas
Indices to remain range bound: Mild profit booking likely
Small & Mid Cap: Twilight Litaka, Jindal Stainless, Tanla Solutions

Mid and small-caps likely to outdo Sensex
Thomas Cook shares flare up on JTB Corp tie-up
California Soft acquires balance 49% in Inatech Infosolutions
Cos may get to list within 7 days after IPO closure
India Infoline plans mutual fund foray

Big is beautiful for mutual funds
IPO Watch: Aries Agro, Manaksia and Kolte Patil Developers
DCM Shriram sees 15% revenue growth in FYO8
Professional tax ceiling may double to Rs 5,000 a year
Every fifth IBM employee is in India
Educomp arm in development deal with Learning.com

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ET Features
Investor's Guide

Mid caps are on a solo run
Bulls still rule
Kolte Patil Developers' stock appears attractive
Renaissance Jewellery still shining bright
Twilight Litaka's growth prospects looks attractive
Stocks to pick: Glenmark Pharma, RIL, Indian Hotels, PNB, Tata Power
Manaksia: Losing focus
Standalone refineries look more attractive


Edelweiss Capital: The money makers
Tanla Solutions poised to take a big leap
Jindal Stainless: This one's a show steeler
For investors, Asia's the place to be in
Small is big for Aries Agro
Stocks take rocking ride on bourses



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Myiris Corporate Stories

www.myiris.com
Corporate Stories

Overall macro-eco performance for Nov. `07
Brokers` Outlook: Market to stabilize on Tuesday

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MFs remain net sellers in equities worth Rs 2,189 mn on Dec. 14
FIIs remain net buyers in equities worth Rs 4,075 mn on Dec. 14
Shree Ashtavinayak to distribute Hindi film `Welcome`
Oil India files DRHP with SEBI
Shiv Vani Oil bags Rs 2.61 bn order
MMTC plans warehousing JV, seeks partner

Nava Bharat to consider share allotment to Lehman Brothers
Macmillan acquires 80% stake in Frank Brothers
Era Constructions receives open offer
More measures to raise tax compliance in budget 2008-09
Bajaj Hindusthan commences operations at new 7,000 TCD sugar plant
Manaksia IPO subscribes fully

United Spirits set to tap Indian scotch market
Educomp`s arm ties up with US-based Learning.com
GBN board approves buying stake in Jagran TV for Rs 200 mn
BHEL strikes alliance with NTPC for EPC biz.
Diamond Cables to raise funds via FCCBs, GDRs
Active Stock: Phoenix Lamps up 7% on acquisition news

Jai Realty Ventures becomes subsidiary of Jai Corp
ABG Shipyard secures repeat orders of over Rs 10 bn
Goldiam Intl. to foray into Russian mkts
Union Bank to scout for mid-sized banks abroad
IFCI may fix Rs 107 for conversion of bonds into equity
SAIL to foray into equipment manufacturing

Power Grid readies Rs 550 bn warchest


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.

Rediff, MoneyControl Stories

Rediff.com

Good to invest in housing stocks
Complaints: SBI Cards tops, ICICI is second
Business highlights 2007
Secret to good public services
Vikram Pandit's father on his son
Want safe investments? Go for NSC, PPF

'Retail will create a few billionaires in India'
Savings schemes or MFs? Here's help
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Moneycontrol.com

Sensex plunges 700 pts; Nifty sees highest 1-day fall
Beware! Sniff trouble if fall hits midcaps
Advance tax nos healthy; Q3 likely to be good
Welspun Guj close to overseas acquisition: Srcs

Strategies to adopt in a falling market
Factors for and against Fed cut in Jan '08
Buy TTML, Ashok Leyland, RNRL: Sukhani
Oil India files DRHP with SEBI for IPO

Nifty to cross 6200 if global mkts recover: Marathon Trends
Sensex loses nearly 900-1000 pts from highs
No major slowdown in liquidity flows to India: JM Fin
Fund Action witnessed in stocks on 14th December, 2007

Dow down 178 pts at 13340
Indian mkts may get pegged back along with global peers



Source: http://www.moneycontrol.com and 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.

deadpresident.blogspot.com

http://www.deadpresident.blogspot.com


Trading Calls
Futures and Options - Dec 17 2007
Pyramid Saimira
Market may slip further

Grey Market - Precision, Porwal, Manaksia
Thomas Cook
Market may edge lower on weak Asian equities
Adhunik Metaliks

Morning Notes, KLG Systel
Morning Call
Pre Market Watch
Daily Trading Calls

Mid-cap mania…take it or leave it!
Cipla
Market Outlook, Daily Technical Futures - Dec 17 2...

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Source: http://www.deadpresident.blogspot.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.

CoolAvenues Top Jobs Alert

www.Coolavenues.com


Operations Management

Manager - Supply Chain Consulting : A Leading Name in Management Consulting Domain http://www.coolavenues.com/jobs/1207_1_1460.php

AVP - Operations (LAS / SBL) : A Leading Investment Bank in India http://www.coolavenues.com/jobs/1207_1_1497.php

Operations Manager : Wipro Infotech - Innovation Divisionhttp://www.coolavenues.com/jobs/1107_1_1418.php

Supply Chain Consultant : A Renowned US-based Management Consulting Firmhttp://www.coolavenues.com/jobs/1107_1_1422.php

Business Manager - IRCAM : Wipro Infotech - Innovation Divisionhttp://www.coolavenues.com/jobs/1107_1_1416.php

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Finance / Banking Positions

National Head - Wealth Management : One of the Leading Fortune 500 Financial Company http://www.coolavenues.com/jobs/1207_1_1453.php

GM - Investments : A Leading & Fast-Growing Real Estate Company http://www.coolavenues.com/jobs/1207_1_1452.php

AVP - Private Equity : A Global Financial Major http://www.coolavenues.com/jobs/1107_1_1450.php

Director / Head / VP - Private Equity : A Global Financial Major http://www.coolavenues.com/jobs/1107_1_1449.php

Regional Manager - Wealth - HNI / Private Client Group : A Global Financial Major http://www.coolavenues.com/jobs/1107_1_1448.php

National Head / Director - Wealth - HNI / Private Client Group : A Global Financial Major http://www.coolavenues.com/jobs/1107_1_1447.php

Vice President - International Business Development : A Global Financial Major http://www.coolavenues.com/jobs/1107_1_1446.php

Senior Manager / AVP - Enterprise Performance Management : A Top Consulting Organisation http://www.coolavenues.com/jobs/1107_1_1443.php

Sr. Associate Director - Investment Banking : An India-Focused Real Estate Boutique Investment Bank http://www.coolavenues.com/jobs/1107_1_1442.php

Research Analyst - Telecom Practice : A Premier Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1441.php

AVP / Sr. Manager - Legal : A Global Private Equity House http://www.coolavenues.com/jobs/1107_1_1438.php

Opening in Business Development & Research - Private Equity : A Leading Private Equity Firm in India http://www.coolavenues.com/jobs/1107_1_1437.php

Opening in Business Development / Deal Sourcing - Private Equity : A Leading Global Private Equity House http://www.coolavenues.com/jobs/1107_1_1435.php

Opening in Asset Reconstruction : A Leading Global Asset Reconstruction Company http://www.coolavenues.com/jobs/1107_1_1433.php

Sector Specialist - Equity Research : A Leading Name in Financial Services Domain http://www.coolavenues.com/jobs/1107_1_1431.php

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General Management / Consulting Positions

Manager - Program Management - Business Analytics & Research : A Privately Held International Provider of Financial Services & Investment Resources http://www.coolavenues.com/jobs/1207_1_1466.php

Senior Manager / AVP - Enterprise Performance Management : A Top Consulting Organisation http://www.coolavenues.com/jobs/1107_1_1443.php

Research Analyst - High Tech Practice : A Premier Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1440.php

Research Analyst - Telecom Practice : A Premier Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1441.php

GM - Investments : A Leading & Fast-Growing Real Estate Company http://www.coolavenues.com/jobs/1207_1_1452.php

Manager - Supply Chain Consulting : A Leading Name in Management Consulting Domain http://www.coolavenues.com/jobs/1207_1_1460.php

Openings in Finance / Strategy : A Leading International Management Consultancy http://www.coolavenues.com/jobs/1107_1_1444.php



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Tax sops for stock investors : Sify India

There are tax sops for stock investors

Have you ever wondered how you get to retain only a part of your actual gains on the stock market despite trading regularly and taking sizeable shots? A major portion of the gain is eaten away by the transaction costs imposed on you in every single trade.

There are broadly two claimants to this money — your broker and the government. But, while your broker may or may not honour your everyday relationship with him by refunding all or any part of the brokerage paid by you, the government does, by having a provision to set off the securities transaction tax (STT) paid by you against the tax payable on your stock market gains.
Section 88E of the Income Tax Act provides for a rebate in income tax payable by the assesses who are active traders in the stock market, irrespective of whether they are individuals, Hindu undivided families, companies, firms, association of persons or body of individuals, local authorities or any artificial judicial person, subject to the following conditions:

First, your total taxable income should have income chargeable to tax under the head ‘Profit and Gains of Business or Profession’ (PGBP). Second, this income under must contain positive income arising from taxable securities transactions. Positive income means there should be some income from securities transactions, and if you are claiming any loss under this head, arising from taxable securities transactions, then the question of rebate under Section 88E doesn’t arise at all.
It is also to be understood clearly that this section applies only to those transactions, which have the nature of a business transaction. If any assessee is doing transactions from the investment point of view and accounting for his gains or losses under the head ‘Income from Capital Gains’, this section is again not applicable. When a transaction will be treated as a ‘business’ transaction and when as an ‘investment’, is a matter of facts and is to be dealt independently and individually in each and every case, and is thus beyond the scope of this discussion.

How to claim rebate u/s 88E

More details @ http://sify.com/finance/fullstory.php?id=14576559


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Sensex loses 769 pts; Nifty loses 271 points : Sify India

Sensex loses 769 pts; Nifty loses 271 pts
India's Sensex Falls Most in Four Months;
Sensex ends down 769pts, DLF drops 7%
Sensex tumbles 769 pts on possible fall in foreign investment


The benchmark indices Sensex and Nifty recorded one of their worst outings ever as the bears went on a rampage on the major Indian bourses today. The sharp fall on Wall Street last Friday due to fresh worries over rising inflation and threatening losses on the subprime market front triggered a sell-off on the Asian bourses.

The Indian bears were quick to latch on to the opportunity, and, so strong was the onslaught that blue chip stocks were seen grasping for breath right through the session today.

Stocks cutting across sectors were hammered mercilessly today. Though midcap and smallcap stocks were spared the stick till around mid-afternoon, a severe bout of pressure that engulfed the market during the final hour of trade knocked the wind out these stocks as well. While the Midcap index tumbled by 3.87%, the Smallcap barometer suffered a loss of 2.91%.

The Sensex, which opened at 20,032.67 this morning and drifted lower and lower as the session progressed, crashed to a low of 19,177.19 during the fag end of the day and finally settled at 19,261.35, netting a stunning loss of 769.48 points or 3.84%.

The Nifty, which nosedived to 5740.60 in the final hour of trade, finished with a huge loss of 270.70 points or 4.48% at 5777.

Among the sectoral indices, BSE Metal, which plunged 7.28%, was the biggest loser. The Realty, PSU and Oil & Gas indices lost 5.65%, 5.63% and 5.13% respectively. The Power index went down by 4.8%. The Auto, Bankex, CD, Capital Goods and Teck lost 3% - 4%. The FMCG, Healthcare and IT indices closed lower by 2.33%, 2.55% and 2.16% respectively.

Realty stock DLF, which went down by 7.5% to Rs 944.25, was the biggest loser in the Sensex pack. NTPC lost 7.3% as it settled at Rs 228.60. Tata Steel and Hindalco, two of the prominent gainers last week, closed lower by 6.15% and 5.65% respectively.

Housing finance stock HDFC eased by 5.9% to Rs 2877.55. PSU oil & gas exploration major ONGC slipped by 5.8% to Rs 1166.45. Telecom stocks Bharti Airtel and Reliance Communications tumbled 5% and 5.55% respectively.

BHEL declined by 5.3%. Tata Motors (down 5.8%), Reliance Energy (down 4.2%), State Bank of India (down 3.95%), Ranbaxy Laboratories (down 3.9%), Reliance Industries (down 3.85%), ACC (down 3.7%), ITC (down 3.5%), ICICI Bank (down 3.25%), Tata Consultancy Services (down 3.25%), Maruti Suzuki (down 3.05%), HDFC Bank (down 2.9%), Ambuja Cements (down 2.7%), Grasim Industries (down 2.6%), Larsen & Toubro (down 2.2%), Mahindra & Mahindra (down 2.15%) and Wipro (down 2.1%) also declined sharply.

IT bellwether Infosys Technologies, which remained positive for a while, ended with a loss of 1.5%. Bajaj Auto and Satyam Computer Services (down 1.25%) too closed on a weak note. Cipla, after a prolonged spell in the positive territory, turned south and slipped by 0.6%.

Hindustan Unilever, the only Sensex component to end on the positive side today, closed 0.8% up at Rs 218.60. Even among Nifty stocks, except Hindustan Unilever, all others finished in the red today.

Idea Cellular lost a little over 8%. Sterlite Industries, SAIL, Nalco, Suzlon Energy and Reliance Petroleum drifted down by 6% - 8%. Punjab National Bank and Cairn India lost more than 5%. BPCL, VSNL, Sun Pharmaceuticals and ABB lost between 4% and 5% today.

GlaxoSmithKline Pharma, GAIL India, Unitech, Zee Entertainment, Siemens and HCL Technologies also finished with sharp losses. Hero Honda, Dr. Reddy's Laboratories and Tata Power eased by 0.4% - 0.75%.

The market breadth, which remained positive till about an hour to go for the closing bell, turned negative towards the end. Out of 2954 stocks traded on BSE today, 1944 stocks closed in the negative territory. 995 stocks managed to sign off on a winning note and 16 stocks ended unchanged from their previous closing levels.

Other Sify.com Stories:

Educomp in JV with Learning.com
Jindal Saw allots 2.63 lakh shares
SRF to invest for expansion
India to get its first automobile museum
How much do you value your money?
Maruti to start designing products from 2010

ICICI Prudential Life ties up with post office in Punjab
BHEL to spend Rs 1,000 cr for R & D in 11th Five Year Plan
Oil India files prospectus for public issue
RIL, GAIL identify 10 countries for petrochemical plant
IFCI board to consider induction of strategic partner
Varun Industries gets Rs 50 cr contract

Era Constructions open offer price at Rs 615
Gujarat Alkalies gains on stake sale report
Ispat Industries surges on share issue plan
Steel Strips move up on share issue news
Colgate Palmolive relists at Rs 380 on BSE
Phoenix Mills gains on stock split proposal

PSL board approves raising up to $125 m
RBI plugs loophole in forex management regulations


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Know About : The Hartford

The Hartford


The Hartford Financial Services Group, Inc., (NYSE: HIG), usually known as The Hartford, is a Fortune 100 company and one of the nation’s largest investment and insurance concerns. With 2006 revenues of $26.5 billion, The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. The company’s international operations are in Japan, Brazil and the United Kingdom. The company’s earnings are divided equally between property-and-casualty operations and life operations.


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



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Personality of the Day: Shantanu Narayen

Shantanu Narayen

Shantanu Narayen is the current CEO of Adobe Systems. Prior to this post, he held the role as the President & Chief Operating Officer since 2005. He started his career at Apple, Inc. He received his MBA from the Haas School of Business of the University of California, Berkeley in 1993. After Apple, Narayen served as director of desktop and collaboration products for Silicon Graphics, then co-founded Pictra Inc., a company that pioneered the concept of digital photo sharing over the Internet. Narayen joined Adobe in 1998 as a senior Vice-President of worldwide product research, was later promoted to executive vice president of worldwide products, and appointed to his current post in January 2005 at the age of 41.

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



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