About: PetroChina, Exxon Mobil

PetroChina

PetroChina Company, Limited (SEHK: 0857, SSE: 601857, NYSE: PTR) is a Chinese oil company and is the listed arm of China National Petroleum Corporation (CNPC), mainland China's biggest producer of oil.[1]... Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007,[1] and following its debut on the Shanghai index, its market value tripled, to make PetroChina the largest company in the world and the first company with market capitalization at USD $1 trillion. [2]

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

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ExxonMobil

Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), a multi-national American corporation and a direct descendant of John D. Rockefeller's Standard Oil company.[2] Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the world's largest company by revenue, at $377.6 billion for the fiscal year of 2006. It is the second largest corporation by market capitalization, at $517.92 billion on July 20, 2007 after PetroChina[3]. It is the largest of the six oil supermajors with daily production of 6.5m boe (barrels of oil equivalent)[citation needed]. ExxonMobil ranks first in the world in proven oil and gas reserves among corporate oil producers[citation needed], though it is still eclipsed by several of the largest state petroleum producers

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


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Business Today (Dec 02,2007 Issue) Articles

Business Today (Dec 02,2007 Issue)

Cover Story
'We want to be FMCG’s No.1'
By drawing on ITC’s strengths in businesses as diverse as cigarettes to hotels to agri-business, Chairman Y.C. Deveshwar has built an FMCG machine that’s become the market leader in several segments. Now, it’s eyeing the No. 1 slot.
'Our Goal is to be the #1 FMCG Compan


Special
Twenty companies to watch in 2008
Check out Business Today's annual listing of companies you need to keep your eye on.
How the 20 companies to watch in 2007 have performed


Money
The best MF tax savers
Although it's an all year activity, many of us leave tax planning for the last minute. So if you haven't started yet, though we're still a good four months away from the March 31 deadline, it's better to avoid the last minute scramble.


Features
Manufacturing’s vanishing jobs
Rishi Joshi
Millions of jobs in the manufacturing sector could vanish due to the dearer rupee hitting exporters across industries. Will things get worse before they get better?


For more, Visit : http://businesstoday.digitaltoday.in/index.php?latn=1



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5 Indians among Top 25 Asian entrepreneurs

Myiris.Com

Dabur sets up new manufacturing facility in Nigeria
Railway earnings rise 11.96% to Rs 384.55 bn
Brokers Outlook: Markets expected to bounce-back on Wednesday
ICRA assigns A1 rating to Religare Finvest
Usha Martin to invest Rs 3,350 mn
Dewan Housing to pick 4.98 mn shares in WFRPL for Rs 49.8mn

GTL Infra signs MoU with IDFC Project Equity
Maytas led consortium bags airport projects in K`taka
SREI inks pact with Veolia for infra projects
L&T, Reliance Power in race for Talwandi Sabo project
Reliance, Jai Corp plan USD 10 bn investment in SEZs


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Rediff.Com

10 stocks that can earn great returns
Now, read books on Amazon Kindle!

5 Indians among Top 25 Asian entrepreneurs
Five Indians, including three IITians and all in their 20s or 30s, have made to the list of top 25 entrepreneurs in Asia. The list compiled by the US-based magazine BusinessWeek for its annual report on Asian entrepreneurs includes four women, including Saloni Malhotra whose BPO company 'DesiCrew' targets workforce in small towns and rural areas.

The other Indians on the list include Arun Sahlam, Rohit Nalawade, Vishal Gondal and Gagan Goel. "Thanks to an improved business climate and a wave of funding from US venture capitalists, the region's entrepreneurs are finding success right at home," the magazine said.
Sahlam, 30, an IIT Madras graduate, has made to the list with his website 'Carwale.com' that helps "car buyers, sellers and owners make better decisions."

Prior to going the entrepreneur way, Sahlam worked as a software engineer at Veritas Software (now Symantec).Gagan Goyal, 26, an IIT Mumbai graduate, has to his credit TRI Technology, a robotics start-up that uses robotics as a platform for practical learning in curriculum.Another IIT Mumbai alumni on the list, Rohit Nalawade, has founded 'Consumer Vision' - a real-time service personalisation technology company, which is his second successful start-up at an age of just 24. He started an electronics services company during his undergraduation years with two other friends, which they sold after 22 months.

For more about this article: http://www.rediff.com/money/2007/nov/20bw.htm



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ET Headlines

Economic Times.Com

Nooyi, Girotra figure on '50 women to watch' list

NEW YORK: Two Indian-origin women - Indra Nooyi and Manisha Girotra figure on a list prepared by the Wall Street Journal for women who could have a significant impact on their businesses in the year ahead. Wall Street Journal has compiled a list of 50 women from across the world in its 'Women to Watch' list for 2007 saying, "a new generation of women leaders who grew up watching pioneering women break into the executive suite has moved into the corner offices of some of the world's largest companies." For more: Nooyi, Girotra figure on '50 women to watch' list


Edelweiss IPO subscribed 109 times
Essar Steel may shelve $1.9 bn plant in Indonesia
UCO Bank, Dena Bank rule out merger with SBI
ICICI-Pru launches real estate fund
'PNs constitute 55% of AUM in Sept'
Bharti to set up communication school at IIT-Bombay

3i Infotech announces major expansion plans
Vipul to invest Rs 13,000 cr in 5 years
Birla Sun Life signs MoU with Angel Broking
Reliance Capital buys 6 pc in Oriental Hotels
Tata Motors to roll out 6 new products in truck range
Fortis Financial acquires 76% in Australiabs Capital Market

PFC mulls overseas arm to power infrastructure via forex reserves
Tata come out with Rs 10,000 cr rights issue
I-banks lead list of IIM-A's top recruiters
FDI cap in cable TV may go up to 74%
Indians are most optimistic: Study
PEs date hotels, telecom and nature

Heard on the Street
Unitech plans Rs 3.5k cr funds for Mumbai debut
GMR to raise Rs 2,000 cr via QIP
ICICI gives Lehman a run for m-cap
Local assets more attractive than overseas properties: DLF


For more, Visit: www.theeconomictimes.com



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Updates from MoneyControl.Com

Moneycontrol.Com

All eyes on Religare listing tomorrow
Check out these buzzing sectoral picks
Underweight on India, China: MS
Liquidity flows to India to remain strong: AMP Cap
Religare to see bumper listing: Experts
South Indian Bank has target of Rs 300

Midcap stock picks for your portfolio
Have you invested in these stocks?
How could 74% FDI impact cable mkt?
Strides Arcolab to buy 51% in SA-based Aspen
Uphaar tragedy verdict out: Ansals among guilty
DBS Chola MF launches DBS Chola Small Cap Fund

ArcelorMittal acquires 12.6% equity stake in General Moly
Why are HNIs eyeing Bombay Burmah?
Wire and Wireless gushes forth
Some interesting midcaps to watch out for
ICICI Prudential AMC ties up with Central Bank of India
SBI seems quite hungry right now
Mutual Fund NAVs end with strong returns



Source: www.moneycontrol.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. Blog is not responsible for any faulty information.

Religare to see bumper listing: Experts

Religare to see bumper listing: Experts


All brokerage stocks are buzzing today ahead of Religare Enterprises' listing and current IPOs like Edelweiss Capital. All brokerage stocks are up around 2-5%.
Religare Enterprises, a financial services company in India offering a wide range of financial products and services, will list on the bourses on November 21, 2007.
Analysts told Moneycontrol.com that the stock is likely to list in the band of Rs 525-600 and advised partial profit booking.

R S Iyer of K R Choksey Securities said, "Religare is expected to list at around Rs 550-600 levels. One can book profits if it crosses Rs 650 on listing day.Investment Advisor, S P Tulsian said, "Religare Enterprises is likely to list at Rs 540 against its issue price of Rs 185 per share. Investors are advised to hold the stock with 3 months view."

The stock is likely to list with premium of Rs 350 plus. Investors, who got shares in allotment, can sell 50% shares around Rs 525 and hold balance shares with short to medium term view, according to Manish Bhatt of Prabhudas Lilladher.

"Keeping in mind the geographical diversification, wide range of products and services offered by the company and the long term growth story in the financial services sector, investors with a long term perspective could hold on for better returns in the long run. However in case of aggressive listing, partial profits can be booked", said Arpit Agrawal – Head of Research, Arihant Capital Markets.

The company had fixed the issue price at Rs 185 per equity share of Rs 10 each (upper end of the price band) for its initial public offering (IPO) of 7,576,102 equity shares for cash, decided through a 100% book building process. The issue was subscribed approximately around 160.56 times. The net proceeds of the issue would be utilized towards expansion of the domestic operations as well as the network of branches of two of its subsidiaries, Religare Securities Limited and Religare Insurance Broking Limited; funding the retail finance business as well as funding the leading business, through investment in its subsidiaries, Religare Finvest Limited and Religare Finance Limited. The book running lead managers to the issue are: Enam Securities Private Limited and Citigroup Global Markets India Private Limited.

Religare Enterprises can give handsome returns: Experts



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Sensex down by 353 pts at close : Sify.Com

www.Sify.Com

Index Last Price Change %Change
Nifty 5780.90 -126.75 -2.15
Sensex 19280.80 -352.56 -1.80

Tracking weak global markets, several blue chip stocks opened on a weak note on the major Indian bourses this morning, and, save for a brief while around noon, never really looked strong enough to break free into the positive zone till the end of the session.

The sharp fall on Wall Street due to sub-prime market woes cast its shadow on the Asian bourses and Indian stocks proved no exception to the trend. Though bank, cement and metal stocks bucked the trend and posted gains, they too succumbed to a severe bout of selling pressure that erupted a little past mid afternoon and dropped down to lower levels.

Midcap and smallcap stocks garnered attention. But then, the intensity of pressure in late afternoon trade was so severe that they too drifted down south as the session drew to a close.
Capital goods, information technology, oil, power, realty, PSU, metal, bank, FMCG and auto stocks were all hammered down by the bears. Healthcare stocks outperformed the market and mirroring this, the BSE Healthcare index ended just marginally down from its previous closing mark.

The Sensex, which opened with a negative gap of around 125 points at 19,510.94 and plunged to a low of 19,196.42 during the final minutes, ended the session with a huge loss of 352.66 points or 1.8% at 19,280.60. The Nifty settled at 5780.90 with a loss of 2.15% or 126.75 points.
Tata Motors (0.75%), Ambuja Cements (0.45%), Hindustan Unilever (0.25%), Bajaj Auto (0.15%) and ACC (up marginally) were the gainers from the Sensex.

Hindalco, which eased by 5.5%, was the biggest loser from the Sensex pack. BHEL closed with a loss of 4.65%. DLF and Maruti Suzuki went down by 4.2% and 4.1% respectively. Infosys Technologies, ONGC, Tata Consultancy Services, Grasim Industries, Mahindra & Mahindra, Reliance Industries and HDFC Bank lost 2% - 3.5%.

NTPC shed nearly 2%. Wipro, Reliance Energy, ICICI Bank, HDFC Bank, ITC, State Bank of India, Satyam Computer Services and Larsen & Toubro closed with sharp losses. Tata Steel, Ranbaxy Laboratories, Reliance Communications, Cipla and Bharti Airtel also ended on a weak note.

Nalco slipped by as much as 7.2%. Sterlite Industries, MTNL, BPCL, Tata Power, Unitech and Sun Pharmaceuticals closed lower by 4% - 6%. Punjab National Bank, Siemens, ABB, Suzlon Energy, HCL Technologies and Zee Entertainment closed with sharp losses. GAIL India, Hero Honda, Hindustan Petroleum Corporation, VSNL and Reliance Petroleum also finished on a weak note. SAIL ended with a marginal gain.

For more: Mkts: Bears hammer down blue chips,


Planet Hollywood enters Indian market
Dues recovery: Reserve Bank warns ICICI
GTL Infra in pact with IDFC
L&T, Raytheon sign MoU
Dewan raises stake in retail firm

IIM-A grads get plum offers
Amazon sells own gadget to boost e-books
JSW acquires land for West Bengal project
Businesses for baby boomers
WWIL gains on FDI hike report

Marico climbs on Egypt plant news
Finance shares up ahead of Religare listing
India's 10 top luxury hotels
UCO Bank, Dena Bank up on SBI merger report
Titan to launch watches in Pak, jewellery in US
Japan Nikkei falls to 16-month low after Wall St



Source: http://www.sify.com
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Corporate/Personailty of the Day

National Stock Exchange of India

The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactions[1]. NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities[2]. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India [3]. In July 2007, the NSE had a total market capitalization of 42,74,509 crore INR making it the second-largest stock market in South Asia in terms of market-capitalization[4].

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




Source: http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India
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. Blog is not responsible for any faulty information.