29 December 2007

ET, Myiris Updates

The Economic Times

IPOs set the Indian market sizzling in 2007
Weekend Platter Analysts'picks
Rich Indian tourists making a beeline for Malaysia
Finance Minister expects more bids for IFCI
Wipro named leader in SAP implementation services

Buyout rumours boost Cairn stock
IFCI's board's decision correct: FM
R Pillai is first executive on Reliance Retail board
IIMs set to hike fees from next session
Harry Potter book, DVD tops Amazon's '07 best-sellers list

Analysts' picks: M&M, Tulip IT Services, Alstom Projects India and L&T
Indiabulls, SocGen arm form life insurance JV
High five: 5 Best world cinema
High five: 5 best books
Web, outsourcing make freelancing an attractive career option

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Myiris.com

Renaissance Jewellery arm launches new Victorian collection
Vijaya Bank likely to raise Rs 3 bn in Q4
Textile sector among the worst-hit by rupee rise
NTPC in talks with Bharat Forge for JV
Maruti 800 to compete with Tata`s Rs 1 lakh car
OIL to infuse Rs 45 bn in next two years for expansion

ITC`s Fortune Park on expansion mode
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31

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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.

VC, PE updates,Jobs from VCCircle.com, Indiape.com

VCCircle.com

Bharti Infratel Raises $1 Billion From Temasek, Goldman & Others
Analytics Firm eClerx To List On Monday; Expected Price Above Rs 400
UBS Calls Off Standard Chartered AMC Deal It Struck A Year Ago

DLF To List At Least Five Subsidiaries To Raise $5 Billion
ICICI Venture-Funded Metroplis Health To Buy Labs In India, Overseas
Future Capital IPO Cleared; Reliance Power Issue Getting Closer To Clearance

IDG Ventures, Erasmic Invest $3.5M In Medical Electronics Firm Perfint
PE-backed Time Technoplast Acquires Bahrain’s Gulf Powerbeat
Jobs: Financial Associate; TresVista Financial Services; Mumbai

Advani Hotels Sells Flight Catering Business To Switzerland’s Gate Gourmet
Spice Communications To Sell 875 Towers To Quipo
Blackstone’s Ushodaya Deal Yet To Be Cleared By Government

Nazara Set To Receive Second Round Funding Of $7 Million

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IndiaPE.com

International investors to invest 1bln usd in Bharti Infratel
IDG, Erasmic invest $3.5mn in Perfint
DLF plans to raise $400 mn via PE route

VSNL sells 10% in Lankan arm
PE investors may acquire 15% in Nahar Retail for Rs 120 cr


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.

Year End Specials from Sify.com

Wealth creators

Some scrips had an incredible run in the stock markets
and gave amazing returns to investors.

While old economy stocks held sway, the strong rupee and a somewhat subdued US economy kept pulling the investors away from the IT counters for a better part of Year 2007. High overhead costs, the Fringe Benefit Tax, Dividend Distribution Tax and Minimum Alternative Tax played a part as well in making IT an unfancied sector last year.
Sustained inflow of funds from FIIs, strong economic growth and fairly impressive results from top-notch companies kept the market upbeat. The market did see a few big corrective spells during the year. But, by and large, it turned out to be another profitable year for the capital market.
The star performers of Year 2007 have been from among the capital goods, realty, infrastructure, power and metal sectors. While the benchmark indices -- Sensex and Nifty moved up by 48% (6589 points) and 52.77% (2093 points) respectively, some of their components outperformed them in a telling manner.

Here's look at some of the big stocks that had an incredible run:

The tussle between the Ambani siblings made many an investor in Reliance group stocks richer. Reliance Energy owes a fair measure of its sparkling run to the government's thrust on power and infrastructure development. Mega expansion plans that are being spelt out every now and then by the management and expectations over the forthcoming Reliance Power IPO have also contributed to the success story of the energy player.


More about this article @ http://sify.com/finance/fullstory.php?id=14575932

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Mergers & Acquisitions

From steel to pharma, India Inc was on an acquisition spree in the global markets throughout the year. A quick look at big-ticket merger and acquisition deals.

Indian companies continued their acquisition spree in 2007 also with nearly 210 M&A deals reported. At this pace, the M&A numbers may touch 400 by the year 2010. India is now among the world's most competitive producer of steel, auto component, pharmaceuticals, chemicals offering low-cost high value products, and the future merger & acquisition (M&A) activities between India and Europe would concentrate around them. Cross-border deals by Indian firms during the year are expected to be in the region of $35 billion, compared with $15 billion in 2006 and $4.3 billion in 2005.

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Mega IPOs

Mega IPOs Barring one or two IPOs, all the public issues got good responses.

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Markets & Economy

India on the move!

The Indian growth story has just begun.

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More @ http://sify.com/finance/yearender/



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. Blog is not responsible for any faulty information.

A peek into the world of free downloads in 2008: Rediff

A peek into the world of free downloads in 2008


How many times have you looked at the price of a software and felt as if you would have to mortgage your house in order to get a full set?
Genuine software prices, most of them at least, can be prohibitively expensive. Thankfully, there are still plenty of idealists out there who freely share their work and welcome others. We look at a few best free software downloads that you should not miss in 2008.

Gmail as a virtual drive

Software developer Bjarke Viksoe has developed a GMail Drive shell extension (http://www.viksoe.dk), a really dandy tool that creates a virtual drive on the computer linking the hard drive and GMail account.
This way, if there's ever a time when you need to access an important document, a picture or even a movie, all you need is this programme to have a peek at the files stored on the user's computer even if the computer is not accessible.
Once downloaded, the programme links a virtual Gmail hard drive with user's Gmail account. What it does not do is import any of the previous pictures, word documents, or any other attachments that are already saved in Gmail account previously. That needs manual syncing.


Make the web come to you

Browsing the web is just so 'uncool' these days. In 2008, let the web come to you, which is why RSS feeds were created. They are a way for you to keep up with your favourite blogs, news sites, political news or for that anything in the ever-growing web jungle.
RSS Bandit (http://www.rssbandit.org) makes it exceedingly easy to subscribe to and read RSS feeds and organise them as well.

A richer pocket mobile PC

Windows Mobile users would agree that the bundled clipboard by default is not so rich in functions like the one used in desktop Windows systems.
That is why you can install Clipboard Tool application to your Pocket PC and enhance the existing Windows Mobile Clipboard with this utility. (http://www.pocketpcfreeware.mobi/download-clipboard-tool.html)
Here, every time the user copies something, it is added to the stack. Once you want to paste something, just open Clipboard tool and select it from the stack. It has also additional features like the Links view, which allows you to filter out of the stack only the weblinks and the Filter view that adds regular expressions support, allowing complex searches.

DVD with a difference

The easiest way to separate features on DVDs is to compress them into .avi format. One software that does a pretty good job is 123 DVD Converter (http://www.dvvideotool.com). The installation file steals 5MB of hard disk space but installing the software is easy. While installation, it asks you to install the DivX codec which is also provided with the installation.
The user interface is shockingly simple, and yet it provides all the necessary tools for converting DVD video or just parts of it into .avi formats. The tool also allows extraction of audio files from the DVD, in which case the user has to select Extract Audio option. The audio files are saved in WAV format .

Back from the dead

Most Windows users are assured about being able to recover files which they regularly send to the Recycle Bin.
After all, that's why its there in the first place. So, why worry? But what happens when you may have emptied the Recycle Bin accidentally. Or worse , if you have deleted files from within a DOS window or a network drive, those files are not even sent to the Recycle Bin.
With Undelete Plus (http://www.undelete-plus.com), however, users can hope to retrieve files. All one needs to do is run the programme, let it scan the system for files that have been deleted including those removed from the Recycle Bin, deleted on a network drive, via a DOS window or from Windows Explorer with the Shift key held down.
Undelete Plus works fine with Windows 95/ 98/ Millenium/ NT/ 2000/ XP/ 2003/ Vista operating systems and supports all Windows file systems for hard and floppy drives and also recovers images from CompactFlash, SmartMedia, MultiMedia and Secure Digital cards.


Delete forever

Most of us think that once we have deleted a file, it's gone from the PC, right? Wrong. Even after deleting a file and cleaning out the Recycle Bin, there exist special softwares that can re-create the file.
File Shredder 2 (http://www.fileshredder.org) is a freebie programme that overwrites files with a random string of binary data and that too multiple times. User has a choice of five different shredding algorithms.


Almost a Vista

If you have seen and fallen for the Vista interface, then here is a tool to get that great graphic user interface to your old PC.
Vista Transformation Pack (http://vista-transformation-pack.en.softonic.com) will transform your Windows user interface to ultimate Windows Vista alike looks that everyone will never notice it's the same old Windows XP (or 2003).
The tool dolls up the existing Windows operating system with new system icons, skins and toolbars and desktop tools like a dock bar or a different system tray clock.
Although the transparent glass effect of the windows is difficult to recreate within XP, this pack, used in conjunction with Windows Blinds, does an excellent job of imitating it and giving your system a style that is hard to resist.


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 Gainers (Dec 28) : Rediff India

http://money.rediff.com/money/jsp/weekly_gainer.jsp


Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ramco Systems Lt A 163.30 214.10 + 31.11
+
Shipping Corpn. A 248.35 305.25 + 22.91
+
Parsvnath Developers A 373.15 457.45 + 22.59
+
Adani Enterprises Lt A 900.25 1,094.20 + 21.54
+
Orchid Chem & Ph A 246.20 294.70 + 19.70
+
HMT Ltd. A 93.05 111.00 + 19.29
+
Castrol India A 275.25 328.30 + 19.27
+
Mirc Electronics A 29.70 35.40 + 19.19
+
Alok Industries Ltd. A 86.70 103.05 + 18.86
+
BASF India Lt A 264.95 313.70 + 18.40
+
National Alumini A 422.30 497.55 + 17.82
+
Indian Oil Corp A 628.25 738.95 + 17.62
+
CMC Ltd. A 1,187.60 1,380.75 + 16.26
+
Hinduja Ventures A 605.00 702.40 + 16.10
+
Finolex Industri A 102.40 117.90 + 15.14
+
Rashtriya Chem&Fert. A 97.70 112.35 + 14.99
+
Lanco Infratech Ltd. A 735.20 844.45 + 14.86
+
Nirma Limited A 232.85 267.05 + 14.69
+
Bharat Electroni A 1,830.85 2,097.15 + 14.55
+
Arvind Mills Ltd A 78.35 89.50 + 14.23
+
Bank of Baroda A 403.90 456.70 + 13.07
+
Tata Steel A 824.80 931.40 + 12.92
+
HTMT Global Solution A 494.25 556.30 + 12.55
+
Bongaigaon Refin A 92.90 104.35 + 12.33
+
Great Eastern A 499.15 560.55 + 12.30
+
Aventis Pharma Ltd. A 1,001.05 1,121.75 + 12.06
+
Jindal SawA 949.20 1,059.10 + 11.58
+
GNFC A 192.40 214.25 + 11.36
+
HCL Infosystem A 244.90 272.50 + 11.27
+
Reliance Energy Ltd. A 1,939.85 2,155.30 + 11.11
+
Kotak Mahindra Bank A 1,161.90 1,286.30 + 10.71
+
DLF Ltd. A 961.25 1,063.70 + 10.66
+
GAIL India Ltd. A 479.55 530.65 + 10.66
+
Cairn India Ltd. A 223.35 246.90 + 10.54
+
Punj Lloyd A 509.45 561.50 + 10.22
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+
KRBL Ltd. B1 106.85 161.45 + 51.10
+
Eurotex Inds. B1 37.00 55.60 + 50.27
+
Kohinoor Foods Ltd. B1 70.45 102.00 + 44.78
+
Pochiraju Industries B1 33.85 48.95 + 44.61
+
Glodyne Technoserve B1 281.40 394.10 + 40.05
+
Everonn Systems Indi B1 759.80 1,050.90 + 38.31
+
NoidaTollBridge B1 54.60 73.50 + 34.62
+
Guj. Amb.Exports B1 67.45 90.45 + 34.10
+
Seamec Ltd. B1 209.00 279.95 + 33.95
+
LG Balakrishnan&Bros B1 32.60 43.55 + 33.59
+
FCS Software Sol.Ltd B1 95.20 127.05 + 33.46
+
Swaraj Engines B1 229.95 300.30 + 30.59
+
Aegis Logistics Ltd. B1 273.35 356.30 + 30.35
+
Gwalior Chemical Ind B1 87.50 113.25 + 29.43
+
R Systems Internat. B1 102.65 132.65 + 29.23
+
Unity Infraprojects B1 806.10 1,039.25 + 28.92
+
Gati Ltd. B1 119.55 154.10 + 28.90
+
KCP Ltd. B1 625.25 803.55 + 28.52
+
SPL Industries L B1 31.45 40.40 + 28.46
+
Rico Auto Inds. B1 40.80 52.40 + 28.43
+
Themis Medicare Ltd. B1 219.45 281.70 + 28.37
+
LT Overseas Ltd. B1 77.05 98.65 + 28.03
+
Dhanus Technologies B1 263.95 337.35 + 27.81
+
Federal Mogul Goetze B1 136.70 173.65 + 27.03
+
KEW Industries B1 36.65 46.55 + 27.01
+
Nandan Exim B1 5.77 7.31 + 26.69
+
Pyramid Saimira Thea B1 420.60 531.70 + 26.41
+
Tata Metaliks B1 157.35 198.40 + 26.09

More @ www.rediff.com



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 adds 1,044 points: Myiris.com

Weekly wrap up: Sensex adds 1,044 points

Indian stocks bounced back again in the week ended December 28 as the outcome of better outlook of US economy, higher oil & metal prices and heavy foreign inflows. The higher consumer spending last month in US, boosted confidence in US as well as global markets. The broad based rally in the market was led by the metal, consumer durables, realty, oil & gas, power, banking and IT stocks.

However on Friday, the Indian shares fell marginally, following the drops in Asian stocks after the former prime minister of Pakistan, Benazir Bhutto was assassinated and on growth concern of US and Japan, the world`s two largest economies. BSE Sensex, India`s benchmark 30 share index, added 1,044.38 points, or 5.45%, to 20,206.95 over the week ended December 28, while the broad based NSE Nifty advanced 313.2 points, or 5.43%, to 6,079.70 in the same period. The small and mid-cap shares managed to outperform over the benchmark index. The mid-cap index gained 6.08% while the small-cap index jumped 9.21% over the week.

BSE Metal index jumped 9.17%, while Consumer durable index gained 8.51%. Realty index rose 8.07%, Oil & gas index went up 7.81%, Power index climbed 6.68%, Bankex index gained 6.03% and IT index rose 5.36% over the week.



Overseas investors were net buyers in equities worth Rs 35.32 billion in the period of December 24 to December 27. As per the provisional figures, overseas investors bought net of Rs 6.54 billion worth equities on December 28. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 22.89 billion in the period of December 24 to December 27. Major Corporate Developments

> Shares of leading transformers maker, Transformers & Rectifiers (India) listed at 69.89% at the NSE on Friday. TRIL intends to set up a Greenfield manufacturing facility at Moraiya, near Ahmedabad, to manufacture transformers at a cost of Rs 666.80 million.

> The market regulator, SEBI cleared the way by rejecting objections to the initial public offering of Reliance Power, a subsidiary of Reliance Energy.

> Maruti Suzuki India, the Nation`s biggest passenger car maker, is considering price cut of its cheapest car to compete with Tata Motors proposed Rs 100,000 car. > Bharti Infratel, a wholly owned subsidiary of the India`s biggest telecom operator, Bharti Airtel, announced on Friday that leading international investors have agreed to invest USD 1 billion in Bharti Infratel. The international investors are Temasek Holdings, The Investment Corporation of Dubai, Goldman Sachs, Macquarie, AIF Capital, Citigroup & India Equity Partners, with Temasek Holdings being the largest investor.

> Rashtriya Chemicals & Fertilizers and GAIL India signed a MoU to set up coal gasification project at Talcher in Orissa.> The joint venture of Larsen and Toubro, the country`s largest engineering company, in Oman has bagged three contracts worth Rs 7,487 million.

> National Thermal Power Corporation (NTPC), India`s biggest thermal power generator, signed a loan agreement of Rs 10 billion along with a bond subscription agreement of Rs 10 billion with Life Insurance Corporation of India to finance capital expenditure for power generation projects, coal mining & LNG business and renovation & modernization activities.

> Suzlon Energy, Asia`s leading and world`s fifth largest wind power solutions provider, has received a major new order from ONGC, India`s leading oil and gas exploration and production (E&P) player for 51 MW of wind turbine capacity.

> The board of ONGC approved the second pipeline replacement project along with necessary modifications, at a cost of Rs 25.53 billion, to be implemented over a period of 3 years to strengthen the pipeline network for oil and gas transportation.InflationIndia`s annual rate of inflation stood at 3.45% for the week ended Dec. 15, 2007, as against 3.65% on the previous working day. The annual rate of inflation stood at 5.73% as on Dec. 16, 2006.

The week aheadMarket on Monday is likely to open negative on concerns over US economy. The US commerce department reported on Friday that new home sales plunged 9% in November over previous month. This was the worst sales growth since April 1995. However, energy shares are likely to gain over the next week on higher oil price outlook as there are concerns over supply situation in US and mounting tensions in Pakistan and Northern Iraq.

Technical View: Market to remain positive next weak
Brokers` Outlook: Market likely to open flat on Monday



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.