05 January 2008

ET Top Stories

http://economictimes.indiatimes.com



Bulls likely to stage come back next week: Bharat Dalal
Anil Ambani seeks divine blessings prior to IPO launch
RBI allows FIIs to purchase equity of Zee News

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Tata Steel to begin construction of 6 MT steel plant
Hampshire Hotels to invest Rs 5,000 cr in India
TN announces pongal bonus for employees
Jyoti Basu supports Buddhadeb's view on capitalism

Billion dollar IT outsourcing deals to decline in '08
Video parlours biggest threat to Indian film industry
Salem to become total banking district before April
Rajinikanth replaces Shah Rukh Khan in India's costliest movie

Singapore's Changi eyes stakes in 10-15 Asian airports
VC/PE funding doubles in 2007, touches $14 bn
Allow cable operators, ISPs to offer Net TV: TRAI
Collecting & preserving brochures and posters of theatres

SAIL eyes JVs for coking coal projects in India, abroad
Bush weighs stimulus package to put economy back on track
Forex kitty swells $2.8b to $276 bn
Stocks to buy: Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steels

No takers for Indian Depository Receipts, i-bankers blame it on lack of will



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VC/PE funding doubles in 2007, touches $14 bn: ET

VC/PE funding doubles in 2007, touches $14 bn

BANGALORE: The Indian VC/PE juggernaut keeps rolling. VC/PE investments into the country in 2007 have touched $14.2 billion, almost double of what it clocked in 2006 at $7.5 billion. The number of deals stood at 390 compared to 299 deals in 2006.

The figure of $14.2 billion does not include Temasek’s investment of $1 billion in Bharti Infratel announced late in December 2007. It also excludes real estate investments. According to Venture Intelligence India, which tracks VC/PE investments in India and compiles the data for Indian Venture Capital Association, VC investments (seed, early stage and growth capital) accounted for $560 million across 100 deals in 2007.

IT/ITeS accounted for 70% of the deals, healthcare & lifesciences 10% while other hot sectors were media, telecom, retail and food & beverages. The average deal size rose to $37 million in 2007 compared to $25 million in 2006. VC investments’ contribution though has decreased to less than 5% from 35% of total investments the previous year.

This is mainly due to the increase in mega deals (over $200 million investments) in 2007. Arun Natarajan of Venture Intelligence said, “we saw eight mega deals in 2007 compared to four in 2006. These include the over $760-million investment by Carlyle and Citigroup, Dubai International Capital’s buying 2.87% stake in ICICI Bank and NSE’s stake sale to various investors like NYSE, Goldman Sachs, General Atlantic and Actis.”

The surge of mega deals in the financial sector has put BFSI sector as the numero uno segment as far as value goes accounting for about $4 billion in investments. However in terms of deals, BFSI was in third spot with 50 deals. IT/ITeS ranked first in number of deals with 91 deals valued at $1 billion while manufacturing saw 60 deals with a value of $1.6 billion. It has to be said here that 70% of the IT/ITeS deals were VC investments.




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BusinessWorld Magazine Articles

http://www.businessworld.in/content/section/5/27
Volume 27 Issue 34.
For the week 8-14 January 2008,
Released on 7 December 2008.


COVER STORY
Profile
Tatas’ Titan
Interview: Ratan Tata, chairman, Tata Group
‘The Mindset Has Changed’
Corporate
Eyes On The World
----------------------------------

IN THE NEWS

Regulators
To Each His Own
Banking
Switching Trouble
Media
Shoring Up Valuations
Commodities
Bullion Express

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IN DEPTH

Stockmarket
The Stakes Are High
Universal Access
A Bumpy Ride
Philanthropy
Charity As Enterprise
Finance
New Risks, New Roles
Auto
Automobiles Exposed
Tech Talk
That Sweet Spot

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Source: http://www.businessworld.in/content/section/5/27. 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.

MoneyToday (Jan 10,2008) Magazine Articles

Money Today
Latest Issue January 10, 2008


Cover Story
All about global investing
Tanvi Varma and Narayan Krishnamurthy
For over a decade, Indians have been global consumers. It’s time to take the first step to becoming global investors. We show you the options abroad.


Now & Then
Public good
Let's take a closer look at how inflation affects your finances.

My Idea
Wealth from health
A physician by profession, Tarun Sahni, 49, runs a sports academy on weekends.

Sector Scenario
A powerful story
Ask Securities is bullish on the power transmission and distribution sector and expects some power-packed performances in the coming years.

Query Corner
I wish to save Rs 20 lakh...
Congratulations to you on several counts. Firstly, you have a very clear vision of your financial goals. You will do well to start investing for these goals right away.

Upfront
Big isn't the best
Many of us have problems with our mutual fund agent — the dealer or distributor who mis-sold a fund. Can you change your fund agent without surrendering the policy you bought through him? Find out.

Talk Back
Please suggest some good schemes for short and long term
It will be incorrect to suggest names of mutual funds without ascertaining their suitability to an individual's investor profile and financial goals.


MT Basics
Financial resolutions for 2008
Follow these financial resolutions and watch your wealth grow. Money Today gives you easy-to-follow guideline.

Book Review
Basics of mutual fund investing
Devangshu Datta
Using a simple style, this ambitious book aims to help lay investors overcome their fear of learning the basics of mutual funds. Though targeted at a US audience the book is useful to Indian readers too.

Portfolio Doctor
Late but good start
Bangalore-based Anand Paladhi must invest all his savings in equities through mutual funds to maximise the earning potential of his savings.

Stocks
Doors that can open to profits
Mudar Patherya
Don't scoff at this metal door fabrication company. Shakti Met-Dor supplies customised doors for use in IT, telecom, pharma and residential applications. And there’s a lot of growth in store.
Market Watch as on Dec 19, 2007
Using idle cash to buy blue chips
Pick good stocks even if costly
Oil, steel stocks perform well

Mutual Fund
Don’t lose your balance
Kamya Jaiswal
Your balanced fund may not be investing in equities and debt in the same ratio as you thought. It’s time you discovered its asset allocation mix.
Contrarian view
LICMF Children’s Fund way ahead of the rest
'Stick to a simple investment plan'


Insurance
Insure your loan
Priya Kapoor
Structured mortgage insurance can help your dependents keep the roof over their head even if you’re not around to repay your home loan.

Tax
Will Esops attract fringe benefit tax?
Yes, Esops will attract fringe benefit tax at the time you exercise your option of taking the stocks offered by your company.

Real Estate
Amritsar, an NRI attraction
The border city of Punjab has for long attracted NRIs as tourists (Golden Temple being the main draw) and as investors in housing. The 2004 trade pact with Pak has added a new appeal.


New Business
Success on call
Rajshree Kukreti
From a sales executive with a directory service to the owner of one, VSS Mani’s is an instructive story of what it takes to be an entrepreneur.

Investment
Predictions for 2008
Here's a list of what we expect 2008 to bring for us in terms of investments, and finance in general. Take a look.
Learnings from 2007


Technology
All that's USB
Ajay Singh
You may not have the whole world in your hands, but with a Universal Series Bus (USB) port you're nearly there. After all you can plug almost anything into a USB port now.

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Business Today Articles ( Jan 13, 2008)

16th ANNIVERSARY ISSUE

Cover Story
A gaze into the crystal ball
If the year gone by was a belter, 2008 promises to be another party. While the immediate prospects don’t look promising, the year should eventually turn out well for everyone, if not better.


21 young leaders for India's 21st century
Check out the young leaders in slide show
Slide show: The biggest newsmakers of 2007
Slide show: Best of BT 2007
Slide show: Best of BT More 2007
21 events that rocked the business world
Is corporate world a global village?
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Editor's note
From the Editor-in-Chief
Aroon Purie
When it came to choosing a theme for Business Today’s 16th anniversary issue, it seemed appropriate to focus on leadership, specifically young leaders.
------------------------------------------

Special
Destiny Inc: Chance or choice?
Leaders don’t hesitate to take on seemingly impossible goals and then inspire everyone else around them to help achieve goals.

Cruise control - Kumar Mangalam Birla
Private equity pasha - Ashish Dhawan
Master of the fifth estate - Vineet Jain

Mister hospitality - Vikram Oberoi
Sights on the sun - Ratul Puri
The great enabler - Jignesh Shah

God of small credit - Vikram Akula
Clean-up crusader - Arvind Kejriwal
CEO of inconclusive India - Nachiket Mor

Merchant of kitsch - Karan Johar
King of the jingle - Prasoon Joshi
Steel czar - Aditya Mittal

Medicine man - Glenn Saldanha
Solar crusader - Harish Hande
Her mother's daughter - Kiran Desai

Still the boy next door - M. S. Dhoni
The liberator of Kumaoni women - Mukti Dutta
Urban reformer - Ramesh Ramanathan

India's healthcare heiress - Sangita Reddy
Dot-com’s poster boy - Sanjeev Bikhchandani
The badshah of Bollywood - Shah Rukh Khan

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Columns
Leaders for a new India
India faces significant challenges—leadership being the most important.

A leader for all Indians - Sunil Bharti Mittal
A leader for a global India Inc - Mukesh Ambani
A leader for an innovative India — A.P.J. Abdul Kalam

A leader for the women of India — Anu Aga
A leader for a creative India — Pawan Kumar Varma
A leader for an educated India — Azim Premji

A leader for the youth of India - K.M. Birla
A leader for an equitable India — N.R. Narayana Murthy
A leader for a healthy India — Rajat K. Gupta




Source: http://businesstoday.digitaltoday.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.

Myiris, Moneycontrol.com Stories

Myiris.com

Weekly wrap up: Market ends the week on a record high
JSW Energy plans USD 1 bn IPO

Jaiprakash Power to raise USD 1 bn via IPO
Dish TV sells 4.9% stake for Rs 2.5 bn
Essar Power to sell 10% stake to PE player

SAIL looks for JVs for coking coal projects in India, abroad
M&M quits from JV with Renault and Nissan
Inflation at 3.45% on high prices of furnace oil, bitumen & naphtha

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Moneycontrol.com

India in the middle of an economic slowdown: Experts
Rel Pwr's 1st project to go onstream in 2009: Anil Ambani
Hyderabad infra cos flush with PE invt
Goyal to sell 5% by Mar on Sebi diktat

2008: New Year, new challenges for Indian advertisers
Rel Pwr has around 28,000 MW projects in hand: Anil Ambani
Subhiksha plans IPO this year


Source: Above blogs/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.

DeadPresident Blog Updates

http://deadpresident.blogspot.com


Weekly Technical Analysis - Jan 7 2008
India Market Outlook 2008
Top Picks - Jan 2008

Sensex hits new highs during the week
Analyst Meet - Future Capital Holdings
Future Capital Holdings Grey Market Premium

Moodys downgrade for Tata Motors
Tulip IT Services
Precious metals fall

India IT Services
Great Offshore, Religare, Sasken, SBI, Tata Motors
Nifty January 2008 futures at discount

Weekly Stock Ideas
Top Stories for week
Revathi Equipment
Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steel, Pyramid Saimira

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Source: Above blogs/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
+
HMT Ltd.
A
111.00
148.35
+ 33.65
+
Guj. Industries
A
133.90
177.65
+ 32.67
+
Bombay Dyeing
A
748.65
980.05
+ 30.91
+
Punj. Tractors
A
272.10
351.50
+ 29.18
+
Canara Bank
A
311.20
399.60
+ 28.41
+
EIH Ltd.
A
183.95
235.00
+ 27.75
+
Rashtriya Chem&Fert.
A
112.35
143.20
+ 27.46
+
National Fertili
A
81.20
102.10
+ 25.74
+
Hinduja Ventures
A
702.40
844.10
+ 20.17
+
GTL Ltd.
A
257.75
306.00
+ 18.72
+
Andhra Bank
A
105.50
124.65
+ 18.15
+
Tata Power Co.
A
1,391.30
1,626.80
+ 16.93
+
Asahi India Glass
A
115.70
134.85
+ 16.55
+
Reliance Energy Ltd.
A
2,155.30
2,510.35
+ 16.47
+
Essel Propack Ltd.
A
64.30
74.65
+ 16.10
+
Adani Enterprises Lt
A
1,094.20
1,269.60
+ 16.03
+
Indo Rama Synth.
A
62.50
72.30
+ 15.68
+
Parsvnath Developers
A
457.45
529.10
+ 15.66
+
CESC Ltd.
A
607.45
700.25
+ 15.28
+
Hind. Petrol
A
342.85
394.70
+ 15.12
+
Allahabad Bank
A
117.25
134.90
+ 15.05
+
JaiprakashAssociates
A
422.90
484.85
+ 14.65
+
Apollo Tyres
A
49.90
57.10
+ 14.43
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Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Nelco Ltd
T
155.40
235.00
+ 51.22
+
Net 4 India
B1
91.55
133.85
+ 46.20
+
Hind. Motor
B1
59.00
86.15
+ 46.02
+
Richa Knits
B1
31.25
45.05
+ 44.16
+
Regency Ceramics
T
21.35
30.70
+ 43.79
+
Atlanta Ltd.
B1
330.15
461.50
+ 39.78
+
Meghmani Organics Lt
B1
36.20
50.55
+ 39.64
+
Jindal Drilling
B1
1,305.00
1,813.80
+ 38.99
+
Allied Digital Servi
B1
741.55
1,027.30
+ 38.53
+
UCO Bank
B1
57.90
80.10
+ 38.34
+
SEL Manufacturing Co
B1
115.70
159.75
+ 38.07
+
Omnitech InfoSolutio
B1
153.65
210.85
+ 37.23
+
Super Spinning
B1
24.00
32.80
+ 36.67
+
Sir Shadilal Ent
B1
153.35
207.00
+ 34.99
+
Kinetic Engg.
T
148.80
200.85
+ 34.98
+
Gammon India
B1
580.00
781.45
+ 34.73
+
Carol Info Services.
T
87.35
115.75
+ 32.51
+
Nandan Exim
B1
7.31
9.67
+ 32.28
+
Torrent Power Ltd.
B1
189.80
250.50
+ 31.98
+
Adlabs Films Ltd.
B1
1,414.05
1,851.55
+ 30.94
+
City Union Bank
B1
364.10
476.75
+ 30.94



Source: http://money.rediff.com/money/jsp/weekly_gainer.jsp. 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: Sensex, Nifty scale new peaks

Weekly wrap: Sensex, Nifty scale new peaks



Global markets had a mixed run last week (December 31 2007 - January 4, 2008). Crude oil prices hit the $100 a barrel mark. But the Indian bulls shrugged off these factors and kept lapping up scores of large, medium and smallcap stocks on expectations of good results from India Inc for the October - December 2007 quarter.

The decision of the market regulator to permit short-selling by institutional investors played a role in keeping the sentiment upbeat. FIIs and domestic mutual funds were seen making heavy purchases once again. Reports that the government was mulling a hike in fuel prices contributed to the rise in values of a few oil stocks.

The Sensex ended with gains on four of the five sessions last week. After opening the week with a modest 80 point gain on Monday, the barometer, after a good run in the positive territory, pared its gains and ended just marginally up on Tuesday.

Though it bounced back after an early setback and finished with a gain of nearly 165 points on Wednesday, the index turned south and lost around 120 points in the next session due to heavy selling information technology, cement and a few other blue chip stocks.

The final trading session of the week saw the bulls stamping their supremacy in style. Despite weakness exhibited by stocks on the US and Japanese markets, the bulls remained busy right through the session on Friday and, despite being quite selective with their purchases, sent the Sensex soaring past 20,700 to a new high of 20,762.80.

While the Sensex ended the week with a gain of 479.94 points or 2.38 per cent, the Nifty moved up by 135.70 points or 2.21 per cent to 6274.30.

Among the sectoral indices, BSE IT and BSE Teck finished lower, losing 5.12 per cent and 0.98 per cent respectively. The PSU index gained the most surging as much as 8.28 per cent over its previous week's closing mark. The Power index moved up by 7.8 per cent.
The FMCG, Realty and Oil & Gas indices advanced by 6.3 per cent, 5.85 per cent and 5.41 per cent respectively.

The Bankex gained 4.56 per cent. The Consumer Durables index rose 2.51 per cent while the Auto, Capital Goods, Healthcare and Metal indices climbed up 1.25 per cent - 2 per cent. Except IT, Auto, Capital Goods and Teck indices, the other barometers scaled new peaks last week.
Mirroring strong buying in midcap and smallcap segments, the BSE Midcap (5.62 per cent) and Smallcap (7.62 per cent) indices also moved up sharply and hit new highs last week.
Though the benchmark indices raced to new highs and recorded handsome gains, buying remained selective for a better part of the week. Among Sensex components, as many as 14 stocks ended in the negative zone.

IT majors Tata Consultancy Services (down 6.9 per cent), Wipro (down 6.2 per cent), Satyam Computer Services (down 6.1 per cent) and Infosys Technologies (down 5.6 per cent) were prominent among the losers. Concerns over a possible drop in the revenues due to a surging rupee contributed to their fall.

Ambuja Cements eased by 3.7 per cent. Maruti Suzuki, HDFC Bank, BHEL, Mahindra & Mahindra, Cipla, Grasim Industries and Bajaj Auto lost 1 per cent - 2 per cent. ACC and Tata Steel, the other losers, closed marginally down. Reliance Energy attracted strong enquiries ahead of the initial public offering from Reliance Power. Reliance Energy holds a 50 per cent stake in Reliance Power, which is slated to hit the market on 15 January 2007 with its IPO of 26 crore shares with a price band of Rs 405 - Rs 450 a share.

NTPC (12.6 per cent), ONGC (9.5 per cent), Tata Motors (7.3 per cent), Hindustan Unilever (7.1 per cent), ITC (6.8 per cent), HDFC (6.4 per cent), ICICI Bank (4.7 per cent), DLF (4.6 per cent) ended with handsome gains.

Reliance Communications moved up by 3.7 per cent. Hindalco surged 3.2 per cent. Heavyweight stock Reliance Industries posted a gain of 3 per cent. Ranbaxy Laboratories and Larsen & Toubro ended stronger by 2.4 per cent and 2.3 per cent respectively while Bharti Airtel and State Bank of India edged up marginally.

BPCL (13.3 per cent), Reliance Petroleum (9.9 per cent), Unitech (7.9 per cent), Suzlon Energy (6.9 per cent) and Cairn India (5.7 per cent) ended the week with handsome gains. Idea Cellular, Punjab National Bank, Siemens, Nalco, GAIL India, ABB, Zee Entertainment and GlaxoSmithKline Pharma posted sharp to moderate gains while Sterlite Industries and Hero Honda closed with small gains. Sun Pharmaceuticals, HCL Technologies, VSNL and SAIL ended on a weak note.

Auto and auto components stocks Punjab Tractors, Kinetic Motors, LML, Ucal Fuel, Asahi India and Ashok Leyland closed with sharp gains last week.

Bank stocks UCO Bank (38.3 per cent), Canara Bank (28.4 per cent), Centurion Bank of Punjab (24.6 per cent), Bank of Maharashtra (18.3 per cent), Andhra Bank (18.2 per cent), Karur Vysya Bank (17.3 per cent), Allahabad Bank (15.1 per cent), ING Vysya Bank (13.9 per cent), Indian Overseas Bank (13.8 per cent), Oriental Bank of Commerce (13.5 per cent), Dena Bank (12.2 per cent), Union Bank of India (10.4 per cent) and Vijaya Bank (10.3 per cent) ended with big gains.
From the construction space, Atlanta, Gammon India, Parsvnath Developers, Hindustan Construction Company, MSK Projects, Peninsula Land, Patel Engineering, HDIL, IVRCL Infrastructure, BL Kashyap, Lok Housing, Sobha Developers and Simplex Infrastructure moved up sharply.

Hindustan Petroleum Corporation, RNRL, Gujarat State Petronet, Indraprastha Gas, Indian Oil Corporation, MRPL, Gujarat Gas and Essar Oil moved up. Engineers India, Atlas Copco, Finolex Cables, Alfa Laval, Voltas, Tata Honeywell, Bharat Earth Movers, National Fertilizers, FACT, SPIC, GSFC, Coromandel Fertilizers, Marico Industries, Colgate Palmolive, Archies, Dabur India, Rayban Sun Optics and Godrej Consumer Products posted strong gains.
Burnpur Cement, which made a sparkling debut on Thursday, ended the week at Rs 54.15, well off the issue price of Rs 12.

Other Sify.com stories

Cranes Software to acquire US company
Life insurers' club to swell, market to consolidate
India is a gas-long market: Anil
Gujarat Ambuja Exports bags orders to ship groundnut oil
TRAI submits final proposals on Internet Protocol TV

PFC mulls setting up financial advisory arm
Subhiksha plans IPO this year
B-school students opting for novel courses


Source: http://www.sify.com/finance . 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.