The Economic Times
Postal savings get bonus, tax sop
Postal kitty hit by bank deposit rates
Long term view for blue-chip stocks
Heard on the street: Sterlite Optical, IT stocks
PAN cards must for MF investors from New Year
Bharti, Idea, Vodafone to share infrastructure
GSM cos agree to strict spectrum allocation norms
UPS at your doorstep from Jan 1
IFCI to give creditors their share
Stocks you can pick up
FMCG cos slow down in B-school race
Centurion Bank eyeing NBFC
GAIL India, Mukesh Ambani firm sign pact on KG-D6 gas
Jaypee eyes 5MT cement unit in Middle East
ArcelorMittal to form JV with GVK Power
TRAI to propose policy on Mobile TV within 15 days
Essar plans to set up 2,500 MobileStore outlets in 3 years
Shipping Ministry proposes Andrew Yule units merger with BHEL
Govt announces Rs 3,890 crore bonds to fertiliser companies
Analysts' picks: Tech Mahindra, Core Projects , IVRCL Infra
Religare Picks: Ispat Industries, Hindustan Construction
International Business
Murdoch Jr to lead News Corp in Europe, Asia
HSBC launches Saudi equity indexes, funds
BHP proposal 'dead in the water'
Oil from damaged supertanker reaches SKorea's western shore
Surge in tourists' arrival at Lord Buddha's Lumbini in Nepal
UN seeks better environment performance from aviation sector
Australia committed to Doha world trade deal: Minister
Russia VTB to sell EADS stake at market price-CEO
New US mortgage plan may be far from perfect
Positive side of climate change: More jobs
Arcelor to make IPO for Oriental
Energy bill stalls in US Congress
China to curb grain exports, boost imports
Two senior officials of Dow Jones & Co to quit organisation
Qatar says Gulf single currency unlikely by 2010
China to raise bank reserve ratio requirement to 14.5%
Source: http://economictimes.indiatimes.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 given. Blog is not responsible for any faulty information.
08 December 2007
ET : Gautam Adani, Another gujarati who made it big
Gautam Adani: Another gujarati who made it big
There is a 'Wagah Border' at the Mundra Port, a thriving private port in the heart of the barren lands of north Gujarat. Often, there is tension across the border. The workers on either side sometimes exchange greetings in Kutchi slang, but do not cross the LoC. The other side of the fence belongs to Dubai Port Word (DP World), a giant terminal operator from the Middle East that now owns and operates the container terminal at Mundra.
Mundra Port is owned and operated by the Adani Group while the terminal is operated by DP World through a sub-concession agreement. The two are now fighting a long legal battle at the Ahmedabad High Court, with a termination notice by the Adanis having been challenged by the Dubai operator. Adding fuel to fire were the recent public offerings by both the groups. Both Mundra Port and Special Economic Zone (MPSEZ) and DP World hit the primary markets in Mumbai and Dubai, respectively, in the same month, November 2007, but with different results.
While MPSEZ almost trebled its market cap to over $13 billion, DP World, after its mega takeover of British port operator P&O Ports, has seen its market cap slip from about $22 billion. The rivalry between the Adanis and DP World may be recent, but the aggressive chairman of the Adani Group—Gautam Adani—has picked up quite a few business foes as his fortunes soared in recent years.
He is now among the 10 richest Indians, and is nosing his way up the ladder. Many who ET spoke to say he draws many a parallel with the iconic Dhirubhai Ambani. Like Dhirubhai, he is a first-generation industrialist who came from Gujarat with big dreams. Mr Adani’s business instincts are very sharp and his rags-to-riches story is yet another example of the finely-developed business acumen of people from that coastal state.
More about this article @ Gautam Adani: Another gujarati who made it big
Source: http://economictimes.indiatimes.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 given. Blog is not responsible for any faulty information.
There is a 'Wagah Border' at the Mundra Port, a thriving private port in the heart of the barren lands of north Gujarat. Often, there is tension across the border. The workers on either side sometimes exchange greetings in Kutchi slang, but do not cross the LoC. The other side of the fence belongs to Dubai Port Word (DP World), a giant terminal operator from the Middle East that now owns and operates the container terminal at Mundra.
Mundra Port is owned and operated by the Adani Group while the terminal is operated by DP World through a sub-concession agreement. The two are now fighting a long legal battle at the Ahmedabad High Court, with a termination notice by the Adanis having been challenged by the Dubai operator. Adding fuel to fire were the recent public offerings by both the groups. Both Mundra Port and Special Economic Zone (MPSEZ) and DP World hit the primary markets in Mumbai and Dubai, respectively, in the same month, November 2007, but with different results.
While MPSEZ almost trebled its market cap to over $13 billion, DP World, after its mega takeover of British port operator P&O Ports, has seen its market cap slip from about $22 billion. The rivalry between the Adanis and DP World may be recent, but the aggressive chairman of the Adani Group—Gautam Adani—has picked up quite a few business foes as his fortunes soared in recent years.
He is now among the 10 richest Indians, and is nosing his way up the ladder. Many who ET spoke to say he draws many a parallel with the iconic Dhirubhai Ambani. Like Dhirubhai, he is a first-generation industrialist who came from Gujarat with big dreams. Mr Adani’s business instincts are very sharp and his rags-to-riches story is yet another example of the finely-developed business acumen of people from that coastal state.
More about this article @ Gautam Adani: Another gujarati who made it big
Source: http://economictimes.indiatimes.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 given. Blog is not responsible for any faulty information.
NSE to revise lot size for 106 FnO contracts
The Hindu Business Line : NSE revises lot size for 106 securities
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract. Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
More@ http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
Source: http://www.thehindubusinessline.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 given. Blog is not responsible for any faulty information.
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract. Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
More@ http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
Source: http://www.thehindubusinessline.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 given. Blog is not responsible for any faulty information.
Businessworld Magazine Articles Dt 10th Dec
Some of the Articles
COVER STORY
Family Feuds
Beyond The Family Feud
‘Society Has The Power To Intervene’
IN THE NEWS
Reliance Industries Exploiting PSU Virtues
Mall Mania Phoenix Rises
Healthcare Apollo Hospitals Fields Ganguly
IFCI Getting Pricey
Anil Ambani Leveraging His Own Wealth
World Economic Forum
The World Debates India’s Future
Telecom Twists & Turns Of The Spectrum Tangle
Real Estate Repeal Will Be No Relief
BankingIs Retail The Culprit?
Insurance In The Eye Of A Storm
Environment The Perfect Storm
More at http://www.businessworld.in
Source: http://www.businessworld.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 given. Blog is not responsible for any faulty information.
COVER STORY
Family Feuds
Beyond The Family Feud
‘Society Has The Power To Intervene’
IN THE NEWS
Reliance Industries Exploiting PSU Virtues
Mall Mania Phoenix Rises
Healthcare Apollo Hospitals Fields Ganguly
IFCI Getting Pricey
Anil Ambani Leveraging His Own Wealth
World Economic Forum
The World Debates India’s Future
Telecom Twists & Turns Of The Spectrum Tangle
Real Estate Repeal Will Be No Relief
BankingIs Retail The Culprit?
Insurance In The Eye Of A Storm
Environment The Perfect Storm
More at http://www.businessworld.in
Source: http://www.businessworld.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 given. Blog is not responsible for any faulty information.
Sify Business Stories
Bharti, Idea, Vodafone Essar to share infrastructure
Govt asks Indian Oil Corp to mull bonus issue
Energy sector needs $150 b investment
Banking on performance
Path Infotech ties up with Microsoft
Gameshastra in Red Herring 100
DLF to build multi-level car parks
Rain Calcining merger record date
Reliance Gas, GAIL sign pact for gas transportation
5 PSBs to have majority stake in Payments Corp
US stocks: Wall St end flat on oil, jobs; Eyes on Fed
For Motilal Oswal, it’s insurance next
Source: Above sites/blogs. 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 given. Blog is not responsible for any faulty information.
Govt asks Indian Oil Corp to mull bonus issue
Energy sector needs $150 b investment
Banking on performance
Path Infotech ties up with Microsoft
Gameshastra in Red Herring 100
DLF to build multi-level car parks
Rain Calcining merger record date
Reliance Gas, GAIL sign pact for gas transportation
5 PSBs to have majority stake in Payments Corp
US stocks: Wall St end flat on oil, jobs; Eyes on Fed
For Motilal Oswal, it’s insurance next
Source: Above sites/blogs. 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 given. Blog is not responsible for any faulty information.
Other Blog News, Jobs etc
http://www.deadpresident.blogspot.com/
India to outperform
Greenply Industries
Bharat Forge
Transformers and Rectifiers IPO Analysis
Weekly Close: Crucial week ahead !
Analysts' picks
Weekly Newsletter
Change in lot size
--------------------------------
http://www.kpowave.blogspot.com
Edelweiss Capital-Research Analyst Openings
Several Openings Exist currently in Edelweiss Capital for Finance and CFA candidates.Some of the prominent ones being:1)Associate / Manager - Asset Management 2)Senior Research Analyst3)Wealth Managers 4)Associate - Investment Banking5)Associate / Manager - Equity Research... More on...Edelweiss Capital-Research Analyst Openings
Company Name: Ospak International (P) LtdEmail Address for Resume posting:ospak_jobs@yahoo.comProfile:Analyze financial statements of companies and conduct various analyses based on the different financial statements. Majority of the work will be accounting-based analysis. Candidate will eventually progress on to write full equity research reports.
More : Equity Research Jobs in Ospak International
-----------------------------------------------------
http://freestocktips-2007.blogspot.com
Attractive Picks for Next Week
The markets ended on a positive note on Friday with some volatility being observed in the markets.Some stocks still had a good run and presented is a list of 2 stocks which might see some good movement in the next week.
1)Parsvnath Developers ltd-There has been a series of good news for the company with new projects being awarded to the telecom license issue.Also the company has closed at Rs. 399 which is its highest clising in a long time.There is lot more interest generated in this stock and a target of Rs. 450 does look possible in the near term if markets conditions are favourable.
2)Karuturi Networks Ltd-This agri based company has a high FII holding with major biggies getting into this stock at these levels.The agri sector is all set to do well and so is the rose business for the company with the additional plantation of 450 hectares in Ethopia.The stock might see some good movement from current levels and Rs. 250 seems to a a very gettable near term target for the company...
Source: Above sites/blogs. 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 given. Blog is not responsible for any faulty information.
India to outperform
Greenply Industries
Bharat Forge
Transformers and Rectifiers IPO Analysis
Weekly Close: Crucial week ahead !
Analysts' picks
Weekly Newsletter
Change in lot size
--------------------------------
http://www.kpowave.blogspot.com
Edelweiss Capital-Research Analyst Openings
Several Openings Exist currently in Edelweiss Capital for Finance and CFA candidates.Some of the prominent ones being:1)Associate / Manager - Asset Management 2)Senior Research Analyst3)Wealth Managers 4)Associate - Investment Banking5)Associate / Manager - Equity Research... More on...Edelweiss Capital-Research Analyst Openings
Company Name: Ospak International (P) LtdEmail Address for Resume posting:ospak_jobs@yahoo.comProfile:Analyze financial statements of companies and conduct various analyses based on the different financial statements. Majority of the work will be accounting-based analysis. Candidate will eventually progress on to write full equity research reports.
More : Equity Research Jobs in Ospak International
-----------------------------------------------------
http://freestocktips-2007.blogspot.com
Attractive Picks for Next Week
The markets ended on a positive note on Friday with some volatility being observed in the markets.Some stocks still had a good run and presented is a list of 2 stocks which might see some good movement in the next week.
1)Parsvnath Developers ltd-There has been a series of good news for the company with new projects being awarded to the telecom license issue.Also the company has closed at Rs. 399 which is its highest clising in a long time.There is lot more interest generated in this stock and a target of Rs. 450 does look possible in the near term if markets conditions are favourable.
2)Karuturi Networks Ltd-This agri based company has a high FII holding with major biggies getting into this stock at these levels.The agri sector is all set to do well and so is the rose business for the company with the additional plantation of 450 hectares in Ethopia.The stock might see some good movement from current levels and Rs. 250 seems to a a very gettable near term target for the company...
Source: Above sites/blogs. 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 given. Blog is not responsible for any faulty information.
Rediff India, Myiris Stories
Rediff.Com
Top-performing MFs in Nov
Billionaire marriages: Why get hitched?
India actually favours foreign banks
Bonus, tax relief on postal savings
IBM's India revenues to hit $1 bn
Need to stem dollar inflows: FM
Cheapest term-insurance plans
B-schools adopt gaming tech
The top unit-linked pension plans
Best IPOs Top 25 MFs MF news
------------------------------------------------------------
Myiris
Infosys makes USD 80 mn pitch for Aviva`s BPO units
Sesa Goa to pump in Rs 10 bn
Sugar mills to get loans at low rates
Rel Energy in JV for Orissa coal mining
Suzlon arm Hansen to formally list on LSE on Dec. 11
Goldman, Macquarie to pick up 20% each in PTC arm
RIL to provide KG gas to Mahagenco
Oman-based PE firm to pick up 14.99% stake in Almondz Global
M&M, BAE tie up for defense venture in India
Tata MF to launch Growing Economies Infrastructure Fund
Source: www.myiris.com and 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 given. Blog is not responsible for any faulty information.
Top-performing MFs in Nov
Billionaire marriages: Why get hitched?
India actually favours foreign banks
Bonus, tax relief on postal savings
IBM's India revenues to hit $1 bn
Need to stem dollar inflows: FM
Cheapest term-insurance plans
B-schools adopt gaming tech
The top unit-linked pension plans
Best IPOs Top 25 MFs MF news
------------------------------------------------------------
Myiris
Infosys makes USD 80 mn pitch for Aviva`s BPO units
Sesa Goa to pump in Rs 10 bn
Sugar mills to get loans at low rates
Rel Energy in JV for Orissa coal mining
Suzlon arm Hansen to formally list on LSE on Dec. 11
Goldman, Macquarie to pick up 20% each in PTC arm
RIL to provide KG gas to Mahagenco
Oman-based PE firm to pick up 14.99% stake in Almondz Global
M&M, BAE tie up for defense venture in India
Tata MF to launch Growing Economies Infrastructure Fund
Source: www.myiris.com and 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 given. Blog is not responsible for any faulty information.
Weekly Gainers: Rediff.com
http://money.rediff.com/money/jsp/weekly_gainer.jsp
Weekly Gainers
Last updated: 07 Dec, 16:01
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
FDC Ltd. A 30.50 42.30 38.69
+
Chambal Fertilis A 62.50 85.35 + 36.56
+
Ispat Industries A 51.45 70.25 + 36.54
+
Punj. TractorsA 202.00 251.75 + 24.63
+
HTMT Global Solution A 484.95 602.70 + 24.28
+
Geometric Ltd.A 71.60 87.35 + 22.00
+
Apollo TyresA 41.85 50.70 + 21.15
+
JSW SteelA 1,009.05 1,206.25 + 19.54
+
Ramco Systems Lt A 146.60 174.30 + 18.89
+
JB Chemicals&Pharma A 64.35 75.65 + 17.56
+
Tata Chemicals A 311.75 364.55 + 16.94
+
Sterlite Technologie A 307.10 356.00 + 15.92
+
Maha. Seamless A 500.25 574.45 + 14.83
+
Alstom Projects Ind.A 939.50 1,076.45 + 14.58
+
IVR Prime Urban Dev. A 391.90 447.85 + 14.28
+
Ingersoll Rand A 303.00 344.60 + 13.73
+
Omaxe Ltd.A 434.80 493.80 + 13.57
+
Jammu & Kashmir Bank A 731.70 830.00 + 13.43
+
Polaris Software A 109.60 124.30 + 13.41
+
Tata Power Co. A 1,172.30 1,323.70 + 12.91
+
Pfizer Ltd. A 647.30 730.70 + 12.88
+
T Nadu Newsprint A 117.00 131.60 + 12.48
+
CMC Ltd.A 979.70 1,099.10 + 12.19
+
Parsvnath Developers A 354.20 396.95 + 12.07
+
Bharat Forge Ltd A 313.95 351.60 + 11.99
+
Ashok Leyland A 44.80 50.15 + 11.94
----------------------------------------------------------
JSW Holdings Ltd. B1 867.60 1,662.75 + 91.65
+
Essar Shipping B1 53.90 94.60 + 75.51
+
Nagreeka Capital & I B1 100.20 171.15 + 70.81
+
Nandan Exim B1 3.89 6.42 + 65.04
+
Pentamedia Graph T 5.30 8.49 + 60.19
+
Allied Computers Int B1 39.50 59.90 + 51.65
+
Lawreshwar Polymers B1 8.80 13.34 + 51.59
+
Accel Frontline B1 82.20 122.95 + 49.57
+
Piramyd Retail B1 68.90 103.05 + 49.56
+
Four Soft Ltd. T 40.30 58.50 + 45.16
+
Vinyl Chemicals T 19.05 27.45 + 44.09
+
Essar Steel B1 47.15 67.85 + 43.90
+
Aztecsoft B1 49.65 70.60 + 42.20
+
Sakuma Exports B1 14.92 21.03 + 40.95
+
Trigyn Technolog T 23.35 32.85 + 40.69
+
SB&T International T33.55 46.80 + 39.49
+
IVP Limited B1 57.85 80.35 + 38.89
+
Mukand Ltd. B1 84.15 116.20 + 38.09
+
Morepen Labs.Lt T 16.25 22.25 + 36.92
+
Videocon Applia. B1 30.20 41.30 + 36.75
More@ www.rediff.com
Source: 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 given. Blog is not responsible for any faulty information.
Weekly Gainers
Last updated: 07 Dec, 16:01
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
FDC Ltd. A 30.50 42.30 38.69
+
Chambal Fertilis A 62.50 85.35 + 36.56
+
Ispat Industries A 51.45 70.25 + 36.54
+
Punj. TractorsA 202.00 251.75 + 24.63
+
HTMT Global Solution A 484.95 602.70 + 24.28
+
Geometric Ltd.A 71.60 87.35 + 22.00
+
Apollo TyresA 41.85 50.70 + 21.15
+
JSW SteelA 1,009.05 1,206.25 + 19.54
+
Ramco Systems Lt A 146.60 174.30 + 18.89
+
JB Chemicals&Pharma A 64.35 75.65 + 17.56
+
Tata Chemicals A 311.75 364.55 + 16.94
+
Sterlite Technologie A 307.10 356.00 + 15.92
+
Maha. Seamless A 500.25 574.45 + 14.83
+
Alstom Projects Ind.A 939.50 1,076.45 + 14.58
+
IVR Prime Urban Dev. A 391.90 447.85 + 14.28
+
Ingersoll Rand A 303.00 344.60 + 13.73
+
Omaxe Ltd.A 434.80 493.80 + 13.57
+
Jammu & Kashmir Bank A 731.70 830.00 + 13.43
+
Polaris Software A 109.60 124.30 + 13.41
+
Tata Power Co. A 1,172.30 1,323.70 + 12.91
+
Pfizer Ltd. A 647.30 730.70 + 12.88
+
T Nadu Newsprint A 117.00 131.60 + 12.48
+
CMC Ltd.A 979.70 1,099.10 + 12.19
+
Parsvnath Developers A 354.20 396.95 + 12.07
+
Bharat Forge Ltd A 313.95 351.60 + 11.99
+
Ashok Leyland A 44.80 50.15 + 11.94
----------------------------------------------------------
JSW Holdings Ltd. B1 867.60 1,662.75 + 91.65
+
Essar Shipping B1 53.90 94.60 + 75.51
+
Nagreeka Capital & I B1 100.20 171.15 + 70.81
+
Nandan Exim B1 3.89 6.42 + 65.04
+
Pentamedia Graph T 5.30 8.49 + 60.19
+
Allied Computers Int B1 39.50 59.90 + 51.65
+
Lawreshwar Polymers B1 8.80 13.34 + 51.59
+
Accel Frontline B1 82.20 122.95 + 49.57
+
Piramyd Retail B1 68.90 103.05 + 49.56
+
Four Soft Ltd. T 40.30 58.50 + 45.16
+
Vinyl Chemicals T 19.05 27.45 + 44.09
+
Essar Steel B1 47.15 67.85 + 43.90
+
Aztecsoft B1 49.65 70.60 + 42.20
+
Sakuma Exports B1 14.92 21.03 + 40.95
+
Trigyn Technolog T 23.35 32.85 + 40.69
+
SB&T International T33.55 46.80 + 39.49
+
IVP Limited B1 57.85 80.35 + 38.89
+
Mukand Ltd. B1 84.15 116.20 + 38.09
+
Morepen Labs.Lt T 16.25 22.25 + 36.92
+
Videocon Applia. B1 30.20 41.30 + 36.75
More@ www.rediff.com
Source: 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 given. Blog is not responsible for any faulty information.
India 3rd largest economy , after USA , China: Myiris.ComIndia 3rd largest economy , after USA , China: Myiris.Com
India 3rd largest economy , after USA , China
India emerges as the 3rd largest economy in terms of Purchasing Power Parity (PPP), with its share in the world GDP growing to 6.4% in 2006.
Only USA and China are ahead of India, according to the mid -year review tabled in parliament on Dec. 7, 2007.
The Review says that the economic activity expanded at a substantial pace during the first half of the current fiscal. Industry remained one of the main drivers of the economic growth, but it moderated to 9.2 % during April to September 2007 as compared to 11.1 % during the same period last year.
Exports in Dollar terms continued to maintain a healthy growth of 18.5 % despite appreciating Rupee. The review unveils that high returns on equity and higher interest rates with rise in global private capital flows have resulted in the country receiving large capital. This includes Foreign Direct Investments (FDI), Portfolio Investments (PI) and External Commercial Borrowings (ECB).
In the 10th Five Year Plan, the GDP growth averaged 7.6% annually, which is higher than the growth of 5.5% in the 9th Plan. The Per Capita Income (PCI) growth average at 6.1% per annum in the 10th Plan as against 3.4% in the previous plan.
Service sector continues to be mainstay of the economy and the resurgence in industrial activity has provided stability to the growth process.
Source: 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 given. Blog is not responsible for any faulty information.
India emerges as the 3rd largest economy in terms of Purchasing Power Parity (PPP), with its share in the world GDP growing to 6.4% in 2006.
Only USA and China are ahead of India, according to the mid -year review tabled in parliament on Dec. 7, 2007.
The Review says that the economic activity expanded at a substantial pace during the first half of the current fiscal. Industry remained one of the main drivers of the economic growth, but it moderated to 9.2 % during April to September 2007 as compared to 11.1 % during the same period last year.
Exports in Dollar terms continued to maintain a healthy growth of 18.5 % despite appreciating Rupee. The review unveils that high returns on equity and higher interest rates with rise in global private capital flows have resulted in the country receiving large capital. This includes Foreign Direct Investments (FDI), Portfolio Investments (PI) and External Commercial Borrowings (ECB).
In the 10th Five Year Plan, the GDP growth averaged 7.6% annually, which is higher than the growth of 5.5% in the 9th Plan. The Per Capita Income (PCI) growth average at 6.1% per annum in the 10th Plan as against 3.4% in the previous plan.
Service sector continues to be mainstay of the economy and the resurgence in industrial activity has provided stability to the growth process.
Source: 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 given. Blog is not responsible for any faulty information.
Weekly Wrap Up: Sensex gains 602.81 pts : Myiris.com
Weekly Wrap Up: Sensex gains 602.81 pts in the week
India`s benchmark 30 share index, BSE Sensex gained 602.81 points to 19,966.00, over the week ended December 08, while the broad based NSE Nifty climbed 131.9 points to 5,934.60 in the same period.
On Monday, The BSE Benchmark index, Sensex opened on a strong note, extending the last week`s positive sentiments and upward trend. Sensex opened with a positive gap of 183 points at 19,547.09 and touched an intraday high of 19,619.44. Heavy buying interest was seen across the sector. The broadbased rise in the market was led by consumer durables, oil and gas, power, metal and auto stocks. BSE Sensex closed with a gain of 240.22 points, or 1.24%, at 19,603.41, while the broad-based NSE Nifty closed at 5,865 up 102.25 points.
On Tuesday, The BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks. The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.BSE Sensex closed with a loss of 73.91 points, or 0.38%, at 19,529.50, while the broad-based NSE Nifty closed at 5,858.35, down 6.65 points.
On Wednesday, the BSE Benchmark index, Sensex opened positive at 19,628.85 and continued to trade firm in the morning trades. The index shed some of its gains in the noon trades however, it gained strength later backed by sustained buying activity in frontliners. It touched a high of 19,790.92 to finally close on a strong note. BSE Sensex closed with a reasonable gain of 208.57 points, or 1.07%, at 19,738.07, while the broad-based NSE Nifty closed at 5,900.05, up 41.7 points.
On Thursday, the BSE Benchmark index, Sensex breached 20,018.17 and touched an intraday high of 20,064.31 in the opening trades on account of heavy buying interest in bluechip stocks, in funds and on global cues. The index was rangebound in the noon trades. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive to close firm.BSE Sensex closed with a gain of 57.80 points, or 0.29%, at 19,795.87, while the broad-based NSE Nifty closed at 5,957.70, up 14.7 points.
On Friday, the BSE Benchmark index, Sensex opened above 20,063.50 and touched an intraday high of 20,094.56 in the opening trades backed by heavy buying interest in frontline stocks and on global cues. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive and regained its strength to close on a firm note.BSE Sensex closed with a gain of 170.13 points, or 0.86%, at 19,966.00, while the broad-based NSE Nifty closed at 5,934.60, down 20.1 points.
Corporate Announcement
Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.Infocrossing Healthcare Services, a wholly-owned subsidiary of Wipro, received a multi-year contract to provide services to Missouri`s MO HealthNet program.New Delhi-based Parsvnath Developers bagged Rs 470 million worth contract for construction of Footwear Design & Development Institute, Fursatganj Rae bareli, Uttar Pradesh. Axon Infotech announced that the company acquired 51% stake in Bangalore-based Quasar Innovations.House of Pearl Fashions (HOPFL) acquired 50% stake in the UK-based marketing company, FX Imports, through its subsidiary in the UK - Poeticgem. Maharashtra Seamless (MSL) is close to acquiring the seamless pipes plant of SC Republica in Romania for around Rs 2.5 billion
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.01% for the week ended November 24, as against 3.21% in the previous week. The annual rate of inflation stood at 5.55% a year ago.
Re-listing:
Silverline Technologies got relisted on the Bombay Stock Exchange (BSE) .The Mumbai-headquartered company, which also was the first New York Stock Exchange (NYSE)-listed Indian IT services company, had hit rock bottom in 2003-04.
Source: 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 given. Blog is not responsible for any faulty information.
India`s benchmark 30 share index, BSE Sensex gained 602.81 points to 19,966.00, over the week ended December 08, while the broad based NSE Nifty climbed 131.9 points to 5,934.60 in the same period.
On Monday, The BSE Benchmark index, Sensex opened on a strong note, extending the last week`s positive sentiments and upward trend. Sensex opened with a positive gap of 183 points at 19,547.09 and touched an intraday high of 19,619.44. Heavy buying interest was seen across the sector. The broadbased rise in the market was led by consumer durables, oil and gas, power, metal and auto stocks. BSE Sensex closed with a gain of 240.22 points, or 1.24%, at 19,603.41, while the broad-based NSE Nifty closed at 5,865 up 102.25 points.
On Tuesday, The BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks. The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.BSE Sensex closed with a loss of 73.91 points, or 0.38%, at 19,529.50, while the broad-based NSE Nifty closed at 5,858.35, down 6.65 points.
On Wednesday, the BSE Benchmark index, Sensex opened positive at 19,628.85 and continued to trade firm in the morning trades. The index shed some of its gains in the noon trades however, it gained strength later backed by sustained buying activity in frontliners. It touched a high of 19,790.92 to finally close on a strong note. BSE Sensex closed with a reasonable gain of 208.57 points, or 1.07%, at 19,738.07, while the broad-based NSE Nifty closed at 5,900.05, up 41.7 points.
On Thursday, the BSE Benchmark index, Sensex breached 20,018.17 and touched an intraday high of 20,064.31 in the opening trades on account of heavy buying interest in bluechip stocks, in funds and on global cues. The index was rangebound in the noon trades. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive to close firm.BSE Sensex closed with a gain of 57.80 points, or 0.29%, at 19,795.87, while the broad-based NSE Nifty closed at 5,957.70, up 14.7 points.
On Friday, the BSE Benchmark index, Sensex opened above 20,063.50 and touched an intraday high of 20,094.56 in the opening trades backed by heavy buying interest in frontline stocks and on global cues. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive and regained its strength to close on a firm note.BSE Sensex closed with a gain of 170.13 points, or 0.86%, at 19,966.00, while the broad-based NSE Nifty closed at 5,934.60, down 20.1 points.
Corporate Announcement
Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.Infocrossing Healthcare Services, a wholly-owned subsidiary of Wipro, received a multi-year contract to provide services to Missouri`s MO HealthNet program.New Delhi-based Parsvnath Developers bagged Rs 470 million worth contract for construction of Footwear Design & Development Institute, Fursatganj Rae bareli, Uttar Pradesh. Axon Infotech announced that the company acquired 51% stake in Bangalore-based Quasar Innovations.House of Pearl Fashions (HOPFL) acquired 50% stake in the UK-based marketing company, FX Imports, through its subsidiary in the UK - Poeticgem. Maharashtra Seamless (MSL) is close to acquiring the seamless pipes plant of SC Republica in Romania for around Rs 2.5 billion
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.01% for the week ended November 24, as against 3.21% in the previous week. The annual rate of inflation stood at 5.55% a year ago.
Re-listing:
Silverline Technologies got relisted on the Bombay Stock Exchange (BSE) .The Mumbai-headquartered company, which also was the first New York Stock Exchange (NYSE)-listed Indian IT services company, had hit rock bottom in 2003-04.
Source: 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 given. Blog is not responsible for any faulty information.
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