11 November 2007

Sundaram Energy Oppor. (G) Fund

Profile
Issue Open 12-Nov-2007
Issue Close 11-Dec-2007

Scheme Objective
Sundaram Energy Oppor. (G)

Sundaram BNP Paribas Select Thematic Funds Energy Opportunities, is a thematic close-end equity scheme. The investment objective of the Scheme would be to seek long term capital appreciation by investing primarily in the equity and equity related instruments of companies in the domestic market that predominantly focus on or benefit from, directly or indirectly, the opportunities and developments in the energy sector.

Mutual Fund Family
Sundaram BNP Paribas Asset Mgmt. Co Ltd

Fund Class
Equity - Others

Fund Type
Close-Ended

Investment plan
Growth

Fund Manager
S.Krishnakumar

Entry Load
0.00 %
Exit Load
0.00 %

Comment
During the close-end period redemption will be permitted at NAV after deduction of proportionate unamortized initial issue expenses.


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B-School News from Coolavenues.Com

Finance / Consulting Assignments Popular Choice of Students at XLRI Summer Placements

The Summer Placement Process at XLRI was a resounding success, with the crème-de-la-crème of the corporate world vying for the best talents of this country. The profiles offered varied from Hedge Funds to Retail Banking, Strategy Consulting to Human Resources, and Branding to Operations.
With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the Batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers. Other premier recruiters include Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo!, etc.
XLRI makes Inroads into Finance & Economics
XLRI's core strength lies in its fundamentals of faculty and student quality. XLRI today boasts of a faculty size of twenty in the area of Finance and Economics, which is unrivalled across B-school campuses in India. This long-term vision of XLRI has produced excellent results in terms of the recruiters visiting XLRI such as Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the premier traditional recruiters like J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. 27% of the students signed out with offers from the Finance sector.
Top Consults Prefer XLRI
XLRI strengthened its relationships with the Consulting Prima Donnas with 21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. The consulting clique was further enriched by the esteemed additions of PricewaterhouseCoopers and Tishman Speyers International Consulting.
The Place to be for Marketing Professionals
XLRI's proven track record as an FMCG favourite was reinforced by the active participation of top organizations - Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser. 37% of the students signed out with offers from FMCG / Manufacturing firms.

For more, Visit: http://www.coolavenues.com/bschools/071105/xlri-summers-1.php

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Placements 2007

With CoolAvenues expanding the scope of its Annual Placements Survey to include FPM / Executive MBA / One-year MBA Programs as well, online coverage is going to be much more entensive and exciting... keep checking out this space for latest updates, as Indian B-schools go to placements.

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Admission Alerts!

New! + 2-Year Full-Time PG Programme in Computer Aided Management (PGDCM) at IIM Calcutta
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at K. J. Somaiya Institute, Mumbai
New! + Distance & Open Learning Mgmt Programs by IICT, Lucknow
New! + 1-Year Full-Time PG Program in Business Management at Great Lakes Institute, Chennai
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at S. P. Jain Institute, Mumbai
New! + 2-Year Full-Time Masters in Business Administration - Telecom Management (MBA-TM) at SITM, Pune
New! + 3-Year Part-Time Masters Degree at Welingkar Institute, Mumbai



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Business Stories/Articles

The Economic Times.Com

US-listed Indian firms lose $20 bn in mkt value
World Bank ranks India at 39th in global trade logistics
Ambanis rule supreme at Samvat 2064
Stock markets: Where next?
US stocks fell for the third day

Indo-China should tie up for growth
India to be 3rd largest oil importer
Coffee exports dip 14 pc

CII disputes growth claims, says slowdown in 17 sectors
'High crude prices biggest downside risk to economy'
Indian saris, jewellery on display in Islamabad
'Om Shanti Om' beats 'Saawariya' at the box office

Punjab farmers paid Rs 7,171 crore by state agencies
Provident Fund money may find its way to capital market
Ambani brothers to thrash out gas deal across table
Google to acquire 30 pc stake in seed-stage fund (

Four Bajaj Hindusthan sugar mills to go on-stream soon
KEC eyes Rs 900-cr overseas business in next 2 months


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BusinessLine.in

Strong rupee, competition weaken pharma earnings
‘Farmers get only half the price consumers pay’
India Inc holds on to margins
Reliance Cap, Cummins step into the top fifty stocks
Index Outlook

PVR Ltd: Buy
Nicholas Piramal: Buy
KPIT Cummins: Buy
Prominent bulk deals on NSE & BSE
Fund Update

HDFC Capital Builder: Hold
Birla Infrastructure Fund: Capital goods pruned
Query Corner
Trader's Corner
Bull's Eye
Edelweiss Capital: Invest at cut-offMore

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BSE Launches 'BSE Power Index'

In the continued efforts of providing quality benchmarks, BSE announces launch of ‘BSE Power Index’ on the eve of ‘Festival of Light’. The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipments required for power generation.

The Salient features of BSE Power index are as follows:Base Date: January 3, 2005Base Index Value: 1000Calculation Methodology: Free-float MethodologyNo. of Scrips on launch date: 14Historical Values: Available since January 3, 2005This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.

The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively.

These 3 stocks together forms almost 50% weightage of the index.The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective November 9, 2007.Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.
Source: Equity Bulls
Posted On: 11/9/2007 10:53:35 AM



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Job alerts and blog roundup

Financial Openings in Ernst and Young,India
Opportunities exist in:
Direct & Indirect Tax
SOX Compliance
Due Diligence
Send resume to:careers.ey@in.ey.com with subject line as:Feedback from ey.com
For more information visit company site at:http://www.ey.com/global/content.nsf/India/Careers

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Su-Raj Diamonds & Jewellery Ltd-

Low Price High Potential Stock
Company:Su-Raj Diamonds & Jewellery Ltd.Industry:Diamond Cutting/Precious Metals/Jewellery CMP:56.00 PE Ratio:4.70Recommendation:Performer

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Burnpur Cement Limited IPO opens for subscription on 28th

Pyramid Saimira Production Unit IPO by month end
By Bullish Indian

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Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th

Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.
Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.
Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.
Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors
Further, Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th

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BSE Introduces Online Registration & Electronic Payment Gateway

Sequoia Capital and Hudson Equity to invest in Manappuram General Finance

Himadri Chemicals to issue warrants to Citigroup, promoters

Gujarat NRE Coke to issue securities

Orbit Corporation allots NCDs

KS Oils allots shares for GDR


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Job alerts from CoolAvenues.Com

10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Opening in Legal Division One of the Fortune 500 Company - A Leading Pharma MNC
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
1 November 2007 - COO A Leading Global MicroFinance Company

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6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
3 November 2007 - Marketing / Product Managers-Premium Lifestyle / Garment Brand A Top Textile / Retail major

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10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
8 November 2007 - SAS Analyst Deloitte & Touche Assurance & Enterprise Risk Services
8 November 2007 - Research Analyst - Telecom One of the Most Reputated Management Consulting Company
8 November 2007 - Equity Research Analyst - Banking / Insurance One of the Biggest Banking & Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Consultant - Banking Domain A Leading Global Management Consulting Company

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1 November 2007 - COO A Leading Global MicroFinance Company
29 October 2007 - Manager - Technology Outsourcing/ Process Migrations A Leading Provider Of Independent Risk Consulting & Internal Audit Services
29 October 2007 - Project Manager- Business Research / Company Profiles A Leading Provider of Online Data
29 October 2007 - VP / COO- Manufacturing/OPS- Garment/Shirts Client of ZodiaAc Group of Consultants

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Weekly Wrap: Sensex tanks 1069 points on global weakness

Amid fresh worries about the subprime market in United States, markets across the globe were stormed by the bears last week (November 5 - 9, 2007). Unable to ward off the marauding bears, the Indian bourses ended all the sessions, including the auspicious Muhurat Session on Friday, on a highly negative note.

With FIIs staying away and domestic mutual funds not stepping in any significantly and the reporting season having ended already, global factors dictated price movements last week. The market exhibited immense volatility as participants chose to book profits at every rise. Stock cutting across sectors felt the heat. The one-hour Muhurat session on Friday proved a valuable extra time for the bears and they knocked off over 150 points from the Sensex by launching a merciless attack on blue chips in the final few minutes.

The Sensex, which lost around 385 points on Monday, went down by 190 points on the next session and extended its loss further on the next two sessions as it drifted down by 111 points and 231 points respectively.

The Muhurat Session saw the Sensex plummet by close to 300 points during the final minutes. The barometer finally ended the special session with a 151 point loss.

While the Sensex ended the week with a massive loss of 1068.63 points or 5.35 per cent at 18,907.60, the Nifty, which settled at 5663.25, recorded a loss of 269.15 points or 4.54 per cent.
The mood was so bearish last week that only a few stocks, Hindalco (7.8 per cent), NTPC (2.8 per cent), Cipla (2.2 per cent), BHEL (2.2 per cent), Reliance Industries (0.8 per cent), ACC (0.6 per cent) and Ambuja Cements (0.2 per cent), among the Sensex components ended on the positive side.

Banking sector heavyweights ICICI Bank (14.1 per cent), HDFC Bank (12.5 per cent) and State Bank of India (4 per cent) and IT majors Infosys Technologies (down 10.7 per cent), Satyam Computer Services (down 7.6 per cent), Wipro (down 6.5 per cent) and Tata Consultancy Services (3.4 per cent) closed with sharp losses.

Telecom stocks Reliance Communications and Bharti Airtel eased by 9.7 per cent and 2.7 per cent respectively. Shares of oil & gas exploration major ONGC (down 9.3 per cent) were hammered and engineering giant Larsen & Toubro (down 7. per cent) went down sharply as well.

Tata Steel, Grasim Industries and HDFC lost 6.7 per cent, 6.5 per cent and 4.9 per cent respectively. Among automobile majors, Tata Motors closed with a loss of 7.8 per cent.
Maruti Suzuki and Mahindra & Mahindra lost 3 per cent and 1.6 per cent respectively. Bajaj Auto ended lower by around 1.2 per cent. ITC (down 3.7 per cent), Dr. Reddy's Laboratories (down 1.5 per cent), Ranbaxy Laboratories (down 1.5 per cent), Hindustan Unilever (down 1.3 per cent) and Reliance Energy (down 0.8 per cent) also finished on a weak note.

Nalco, the biggest gainer among Nifty stocks, shot up by 22.7 per cent to Rs 372.55. GAIL India (17.6 per cent) and Hindustan Petroleum Corporation (11.4 per cent) also had a nice ride up the charts. BPCL closed with a modest gain of 3.4 per cent. HCL Technologies ended marginally higher than its previous week's closing price.

Reliance Petroleum, a big gainer in recent weeks, ended with a huge loss of 17.2 per cent. Siemens lost a little over 9 per cent. SAIL ended 8.1 per cent down. Tata Power, VSNL, MTNL, Unitech, GlaxoSmithKline Pharma, Sterlite Industries, Zee Entertainment and Sun Pharmaceuticals lost 3 per cent - 7 per cent. Suzlon Energy (down 2.5 per cent), Punjab National Bank (down 2.4 per cent), ABB (down 1.7 per cent) and Hero Honda (down 1.6 per cent) also closed with notable losses.

Gujarat Minerals, Ramco Systems, i-Flex Solutions, Geometric Software, Canara Bank, Exide Industries, Mico, Polaris, Hindustan Zinc, LIC Housing Finance, Mastek, IndusInd Bank, Aventis Pharma, United Phosphorus, Kotak Bank, Sterlite Optical Technologies, Essel Propack, Jindal Stainless, Escorts, Hinduja TMT, IDBI and Punjab Tractors were among the prominent losers last week.

Ispat Industries flared up by 33.8 per cent. Neyveli Lignite Corporation (18.5 per cent), Fertilizers & Chemicals (15.1 per cent), Federal Bank (13.4 per cent), Raymond (12.1 per cent), Dena Bank (10.8 per cent) and Dredging Corporation (9.7 per cent) ended with hefty gains. Despite struggling on a couple of sessions, Reliance Natural Resources posted a sharp gain of 7.2 per cent.

National Fertilizers, GSFC, Indian Oil Corporation, Mangalore Refineries & Petrochemicals and Mirc Electronics also closed with smart gains.
All the sectoral indices ended in the red last week. The Bankex, the biggest loser of them all, slipped by as much as 9.15 per cent. The IT index closed with a loss of 8.23 per cent. BSE Teck ended lower by 6.9 per cent. The Metal index lost 4.69 per cent while the Auto, Capital Goods, FMCG and Realty indices eased by 2 per cent - 4 per cent.

The Healthcare index ended nearly 2 per cent down and the indices tracking the performance of consumer durables, oil, power and PSU stocks dropped down by 0.3 per cent - 1 per cent.
Even as several blue chip stocks went down sharply, a number of midcap and smallcap stocks were seen attracting strong buying enquiries. Outperforming the premier indices, the Smallcap barometer recorded a marginal gain of 0.15 per cent. The Midcap index ended with a small loss of 0.1 per cent.



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Corporate/Personailty of the Day

Vinod Khosla

Vinod Khosla (born January 28, 1955 in Pune, India[1]) is an Indian-American venture capitalist. He is an influential personality in Silicon Valley. He was one of the co-founders of Sun Microsystems and became a general partner of the venture capital firm Kleiner, Perkins, Caufield & Byers in 1986.

Khosla read about the founding of Intel in Electronic Engineering Times at the age of fourteen and this inspired him to pursue technology as a career. Khosla went on to receive degrees from the IIT Delhi, India (Bachelor of Technology in Electrical Engineering ), Carnegie Mellon University (Masters in Biomedical Engineering), and Stanford Graduate School of Business (MBA).


For more, Visit: http://en.wikipedia.org/wiki/Vinod_Khosla


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