About : Warren Buffet, George Soros

Warren Buffett

Warren Edward Buffett (b. August 30, 1930, Omaha, Nebraska), often called the "Sage of Omaha" or the "Oracle of Omaha"[2], is an American investor, businessperson and philanthropist.Buffett has amassed an enormous fortune from astute investments managed through the holding company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$52 billion,[1] he was ranked by Forbes as the third-richest person in the world as of September 2007, behind Carlos Slim and Bill Gates.[3]

For More: http://en.wikipedia.org/wiki/Warren_Buffet



George Soros

George Soros (pronounced [ˈʃoroʃ]) (born August 12, 1930, in Budapest, Hungary, as György Schwartz) is an American financial speculator, stock investor, philanthropist, and political activist.[2] He has also promoted democracy in Eastern Europe.Currently, he is the chairman of Soros Fund Management and the Open Society Institute and is also a former member of the Board of Directors of the Council on Foreign Relations.

For more: http://en.wikipedia.org/wiki/George_Soros



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Economic Times Headlines

India to buy 400 firms in US, EU after 2010: Assocham
Indian students dominate Harvard Business School
Indians now wear Asia's wealth crown too

Essar Oil to invest Rs 24,000 cr to expand Vadinar refinery
KEC International bags Rs 637 cr worth power transmission projects
Ranbaxy recalls 73 million pills from US mkt
Ranbaxy recall may hit Indian generic companies' reputation
TRAI norms for telecom firms on collection of dues

BoB to foray into life insurance with UK firm and Andhra Bank
FMCG, fertilizer up as mkt ends down
Essar Steel applies for delisting
Forex reserves cross $270 bn
Rs 2000 cr for Rajasthan irrigation
Indian annual inflation at 3.11%

Fuel shock: Big 5 face the flak for record oil price
Maruti tops customer satisfaction survey
RBI to circulate new Re 1 non-ferritic stainless steel coins
Tata Tea launches Tetley green tea leaf packet
ICICI Venture seen in talks to buy out Shalimar
Mukesh, Mayawati & Montek can reduce India's poverty

ICICI Venture, Baring PE set to buy 32% in Karvy for Rs 500 cr
Tamil Nadu fixes sugarcane MSP at Rs 1,034 per tonne
Essar Steel reverse book building price
Air India's IPO only after integration
Pratibha Ind eyes urban infra projects
Online coaching business being driven by small towns

RCom's ad campaign wins international award
UTI Ventures invests $8 mn in Pesco Beam
Reliance Comm adds 1.5 mn users in Oct
Dhanus Techonologies to sell international SIM cards in India
256 kbps to remain broadband in India
Spice, IndiGo close in on Jet, Air India market share

'Economy on way to 9% growth'
Blackstone's India PiE: A billion dollars in next 2 years
PTC may sell 40% in fin services arm to PE firms
NBCC, CSEB set to sign Rs 4,000-cr JV
Refex Refrigerants to raise up to Rs 200 cr via FCCBs
JP Associates signs F1 track deal: Report

Prajay Engineers ties up $36 mn in FDI
Franklin Asian Equity Fund to open on Monday
DLF mall to house 130 global brands; launch pad for many
Parliament to debate N-deal on Nov 27


International News

Google up for wireless spectrum bid: Report
Advertising key to putting Internet in every cellphone
East Asian economies to remain robust despite subprime crisis
China back as net coal exporter as global prices soar
Barclays takes 1.3 billion-pound hit in credit crunch
China's fixed asset investment up 26.9 per cent
'European banks face bigger risks'
China's economy may be 40% smaller than estimated


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Rediff Stories

India 16th most expensive retail spot
Myth of the fastest supercomputer
India's largest cos
K P Singh: World's richest realty developer

20 ventures you can start with Rs 5 lakh
Which MFs can get you maximum profits
Markets booming: Which stocks to buy now
Money lending: 'The brighter side of life'
Success story: A $250,000 business, aged 25

Showcase your business model in GSV Competition

For more: http://www.rediff.com/money/index.html

Information You Can Use

• SIU: Masters in Mass Comm
• TISS: PG in social work
• CMC admission: PG courses
• MNIT: PhD programmes
• Web designers needed
• Commission with Indian Navy
• Scholarship to Japan
• Commonwealth Scholarship
• Education UK Exhibition
• PhD prog, IBS Hyderabad
• Master of Law Degree, TN
• MBA prog at Symbiosis
• XLRI: PG programmes


For more: http://www.rediff.com/getahead/index.html



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Digital Versions of Business Today, MoneyToday

India's Leading Business Magazine


BUSINESS TODAY

is in the form of digital version.

View : http://businesstoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/BusinessToday



&



MONEY TODAY

is in the form of digital version.

View : http://moneytoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/moneytoday



Hope all Business Peoples, Viewers will be happy to see BT, MT in digital versions.

Sensex loses 87 pts at close

NIFTY
5906.85
-5.25
SENSEX
19698.36
-86.53

The market opened on a weak note this morning, and, despite recovering swiftly and staging a smart rally, remained sluggish right till the end of the session as participants chose to stay away from a majority of blue chip stocks due to lack of triggers. Finally, following a fairly strong round of selling in some front line stocks, the benchmark indices Sensex and the Nifty closed in the red today.

Weak global markets rendered the mood somewhat negative. Fresh concerns over US credit worries and surge in inflation weighed down the sentiment to a notable extent.
While the Sensex, which plunged to 19,472.51, losing more than 300 points in early trade, ended the day with a loss of 86.53 points or 0.44% at 19,698.36, the Nifty closed with a small loss of 0.09% or 5.25 points at 5906.82. In intra-day trades today, the Nifty touched a low of 5817.40 and a high of 5948.05. The Sensex hit a high of 19,838.03 in early afternoon trade.

Oil stocks had another fine run in the positive territory. Select FMCG stocks, led by heavyweight ITC, posted smart gains. Auto and PSU sectors witnessed selective buying. Consumer durables stocks, which had missed out on the rally on Wednesday, were among the notable gainers today.

Information technology and capital goods stocks eased to lower levels on selling pressure. Though a few bank stocks firmed up to higher levels, not much buying was seen in that space today. Some realty stocks gained smart ground. Even as a number of large cap stocks struggled to hold on at higher levels, several stocks from midcap and smallcap segments rallied higher on strong buying interest.

ITC ended stronger by as much as 8.2% today. Grasim Industries closed with a big gain of 7.5%. Dr. Reddy's Laboratories (3.4%), Mahindra & Mahindra (1.9%), Maruti Suzuki (1.35%) and Bharti Airtel (1.3%) also closed with smart gains.

State Bank of India gained 0.8%. Hindustan Unilever moved up by a little over half a per cent. Wipro, Cipla, ONGC and Tata Consultancy Services posted modest gains while Ambuja Cements, Reliance Industries and Bajaj Auto ended marginally higher than their previous closing levels.
Hindalco (down 5.5%) was the biggest loser from the Sensex today. Larsen & Toubro (down 2.85%), Ranbaxy Laboratories (down 2.8%), ICICI Bank (down 2.3%), Reliance Communications (down 2.3%), Tata Steel (down 2%), Infosys Technologies (down 1.75%), Reliance Energy (down 1.5%) and BHEL (down 1.3%) also declined sharply.

HDFC, which moved in a tight band today, closed with a loss of 0.7%. HDFC Bank also went down by around the same margin as HDFC. ACC lost 0.45%. Tata Motors and Satyam Computer Services ended with very small losses. Nalco, HCL Technologies, Zee Entertainment, Sun Pharmaceuticals and SAIL were among the major losers in the Nifty index.

Hindustan Petroleum (6.05%), VSNL (5.45%), ABB (2.3%), MTNL (2.15%), BPCL (1.85%), Hero Honda (1.8%), Suzlon Energy (1.7%), Punjab National Bank (1.55%) and GlaxoSmithKline Pharma (1.05%) closed with sharp gains. Hinduja TMT vaulted 28.65% to Rs 556.10. Chambal Fertilizers zoomed 28.3%. Essar Oil closed with a hefty gain of 21.6%. Mirc Electronics gained 16.1%. Escorts spurted 14.65%.

HTMT Global, Ballarpur Industries, National Fertilizers, Fertilizers & Chemicals, Nirma and Chennai Petroleum Corporation moved up by 9% - 11%. Lanco Infratech, FDC, Finolex Industries, Gujarat Narmada, Jindal Saw, Tamil Nadu Newsprint & Papers, Indian Oil Corporation, Tata Tea, India Cements, Kotak Bank, Cummins India and Tata Chemicals also surged higher.

Midcap stocks Nagarjuna Fertilizers, S Kumar's Nationwide, Bombay Rayon Fashions, Dabur Pharma, Eicher Motors, Berger Paints, Kirloskar Oil Engines, Simplex Infrastructure, Binani Cements, SpiceJet and Development Credit Bank closed on a high note.

Though the indices ended in the red, the market breadth remained positive again thanks to hectic buying in several midcap and smallcap stocks. Out of 2865 stocks traded on BSE today, 1909 stocks closed on a winning note. 912 stocks ended with losses and 44 stocks finished at their previous closing levels.

Sensex loses 87 pts at close



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Corporate/Personailty of the Day

Victor Menezes

Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.

For more: http://en.wikipedia.org/wiki/Victor_Menezes



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