http://economictimes.indiatimes.com/
SEBI for real estate investment trusts
Assocham projects GDP growth rate at 9%
Annual inflation at 3.45 pct on December 15
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RPL IPO
RIL to go global: Mukesh Ambani
StanChart to seek new buyer for MF business
Tips for 2008
Stepping stones to build your business Online
Goldman Sachs, Temasek, others invest $1 bn in Bharti Infratel
FIIs remain net sellers on bourses
Quatrro BPO scouting for overseas buys
FM's Advisor resigns ahead of Budget
Tata's billion-dollar bets face risks: Report
BoI gets board approval to raise Rs 1,500 cr
L&T may spin off boiler business
Banks' gross NPA down to 2.5% of loans and advances in 2006-07
BSE to launch mini contracts in derivative market
Nifty futures rollover at its highest
TRIL posts 56 per cent gain in debut trade
Gateway Distriparks shares rise 9% as Indian promoter hikes stake
DLF to list 5 units, raise $5 bn
SEBI approves Reliance Power's IPO
Predictions and Tips for 2008
Source: http://economictimes.indiatimes.com/headlines.cms. 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.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
28 December 2007
deadpresident blog Updates
http://www.deadpresident.blogspot.com
Weekly Stock Ideas
Weekly Newsletter
Tata Power
Mercator Lines, K P R Mill, Tata Metaliks,Apar Industries, REI Agro
Post Market Commentary
Weekly Close: bounce back with optimism !
Realty firm in lacklustre market
Sensex soars 1,044 points
Geopolitical situation could weigh on bourses
Small-cap, mid-cap stocks shine
Grey Market - Reliance Power, eClerx, BGR and more
eClerx Services to debut on bourses
Bulls hope for indomitable spirit!
Whirlpool of India
Allied Digital Services
Daily Technical Futures - Dec 28 2007
Source: Above blog. 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 Stock Ideas
Weekly Newsletter
Tata Power
Mercator Lines, K P R Mill, Tata Metaliks,Apar Industries, REI Agro
Post Market Commentary
Weekly Close: bounce back with optimism !
Realty firm in lacklustre market
Sensex soars 1,044 points
Geopolitical situation could weigh on bourses
Small-cap, mid-cap stocks shine
Grey Market - Reliance Power, eClerx, BGR and more
eClerx Services to debut on bourses
Bulls hope for indomitable spirit!
Whirlpool of India
Allied Digital Services
Daily Technical Futures - Dec 28 2007
Source: Above blog. 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.
EClerx, Brigade to list on Monday
Brigade Enterprises to list on Monday
Brigade Enterprises, a Bangalore-based real estate company focusing on the development of residential, commercial and hospitality properties, will list on the stock exchanges on Monday, December 31, 2007. It has fixed the issue price at Rs 390 per equity share (upper end of price band) for its initial public offering of 16,624,720 equity shares of Rs 10 each.
The price band was between Rs 351 and Rs 390 per equity share. The issue opened for subscription on December 10, 2007 and closed on December 13, 2007. According to the preliminary bidding data received from the stock exchanges, the issue was subscribed 13.07 times. The qualified institutional bidders' portion was subscribed around 18.29 times; the non institutional bidder portion was subscribed around 4.89 times and the retail bidder's portion subscribed around 5.6 times.
The primary objective of the issue is to fuel the future growth plans of the company, including by way of acquisition of land, meeting construction and development costs in relation to the Company’s ongoing and forthcoming real estate projects and general corporate purposes.
The global co-ordinators and book running lead managers to the issue are J P Morgan India Private Limited and Enam Securities Private Limited and the book running lead manager is ICICI Securities Limited.
Brigade may give Rs 50-60 gain on listing
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eClerx Services likely to list around Rs 400: Experts
eClerx Services, provides data analytics and customised process solutions to global enterprise clients, is likely to list at around Rs 400-500, according to experts. They also advised that one can remain invested in the stock.
R S Iyer of K R Choksey Securities said, "eclerx Services is likely to open around Rs 400-500. One should book profits above Rs 450."
"Its deep domain knowledge, unique business model, proven delivery model, ever increasing clientele base, consistent Y-O-Y growth over the last four years will drive the growth of eClerx Services Limited. Investors can remain invested in the stock with a medium to long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
According to Investment Advisor, S P Tulsian, "eClerx Services is likely to get listed on Monday at Rs 390 as against the IPO price of Rs 315 per share. Profit booking is advised upto Rs 375."
It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.
The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits. The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.
eClerx Services to list on Dec 31
eClerx looks good with long term perspective: Experts
Source: http://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 and make verification about the information. Blog is not responsible for any faulty information.
Brigade Enterprises, a Bangalore-based real estate company focusing on the development of residential, commercial and hospitality properties, will list on the stock exchanges on Monday, December 31, 2007. It has fixed the issue price at Rs 390 per equity share (upper end of price band) for its initial public offering of 16,624,720 equity shares of Rs 10 each.
The price band was between Rs 351 and Rs 390 per equity share. The issue opened for subscription on December 10, 2007 and closed on December 13, 2007. According to the preliminary bidding data received from the stock exchanges, the issue was subscribed 13.07 times. The qualified institutional bidders' portion was subscribed around 18.29 times; the non institutional bidder portion was subscribed around 4.89 times and the retail bidder's portion subscribed around 5.6 times.
The primary objective of the issue is to fuel the future growth plans of the company, including by way of acquisition of land, meeting construction and development costs in relation to the Company’s ongoing and forthcoming real estate projects and general corporate purposes.
The global co-ordinators and book running lead managers to the issue are J P Morgan India Private Limited and Enam Securities Private Limited and the book running lead manager is ICICI Securities Limited.
Brigade may give Rs 50-60 gain on listing
------------------------------------------------------
eClerx Services likely to list around Rs 400: Experts
eClerx Services, provides data analytics and customised process solutions to global enterprise clients, is likely to list at around Rs 400-500, according to experts. They also advised that one can remain invested in the stock.
R S Iyer of K R Choksey Securities said, "eclerx Services is likely to open around Rs 400-500. One should book profits above Rs 450."
"Its deep domain knowledge, unique business model, proven delivery model, ever increasing clientele base, consistent Y-O-Y growth over the last four years will drive the growth of eClerx Services Limited. Investors can remain invested in the stock with a medium to long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
According to Investment Advisor, S P Tulsian, "eClerx Services is likely to get listed on Monday at Rs 390 as against the IPO price of Rs 315 per share. Profit booking is advised upto Rs 375."
It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.
The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits. The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.
eClerx Services to list on Dec 31
eClerx looks good with long term perspective: Experts
Source: http://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 and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Brigade to list on Monday,
EClerx
Trans and Rect ends with 56% premium
Trans & Rect ends with 56% premium
It was a fanastic listing for Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers. It has ended the day at Rs 726.10, up 56.15% over its offer price of Rs 465. It has touched a high/low of Rs 790 (opening price) and Rs 682.30, respectively on the NSE. The stock slipped below Rs 700 mark due to negative sentiment across the markets but managed to recover and remained above Rs 700 through the day.
It traded with volumes of 37,21,559 shares and turnover was at Rs 271 crore.Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months. The stock closed at Rs 728 on the BSE and traded with volumes of 26,62,545 shares. It has hit an intraday high/low of Rs 813.75 and Rs 685.20, respectively.
The company had entered capital market with an initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements.
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Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, has got fantastic listing after its excellent response to its issue. The stock has listed at Rs 790, a premium of 70% over its offer price of Rs 465 on the NSE and touched a low of Rs 682.30.
Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months.
Excerpts from CNBC-TV18's exclusive interview with Jitendra Mamotra:
More @ Trans & Rect expect FY09 sales at Rs 400 cr
Source: http://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 and make verification about the information. Blog is not responsible for any faulty information.
It was a fanastic listing for Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers. It has ended the day at Rs 726.10, up 56.15% over its offer price of Rs 465. It has touched a high/low of Rs 790 (opening price) and Rs 682.30, respectively on the NSE. The stock slipped below Rs 700 mark due to negative sentiment across the markets but managed to recover and remained above Rs 700 through the day.
It traded with volumes of 37,21,559 shares and turnover was at Rs 271 crore.Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months. The stock closed at Rs 728 on the BSE and traded with volumes of 26,62,545 shares. It has hit an intraday high/low of Rs 813.75 and Rs 685.20, respectively.
The company had entered capital market with an initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements.
----------------------------------------------
Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, has got fantastic listing after its excellent response to its issue. The stock has listed at Rs 790, a premium of 70% over its offer price of Rs 465 on the NSE and touched a low of Rs 682.30.
Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months.
Excerpts from CNBC-TV18's exclusive interview with Jitendra Mamotra:
More @ Trans & Rect expect FY09 sales at Rs 400 cr
Source: http://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 and make verification about the information. Blog is not responsible for any faulty information.
NSE revises market lots for derivative contracts : Moneycontrol
NSE revises market lots for derivative contracts
NSE will cut derivative contracts market lot from December 28 to minimum Rs 2 lakh. Derivative contracts market lot cut is in line with SEBI directive.
It is proposed to carry out revision of market lots for derivatives contract as given below:
To ignore operational complexities, in cases 3, 4 & 5 above, only the far month contract i.e. March 2008 expiry contracts will be revised for market lots. Contracts with maturity of January 2008 and February 2008 would continue to have the existing market lots. All subsequent contracts (i.e., March 2008 expiry and beyond) will have revised market lots.
More @
http://www.moneycontrol.com/india/news/market-news/nse-revises-market-lots-for-derivative-contracts/21/55/318895
Source: http://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 and make verification about the information. Blog is not responsible for any faulty information.
NSE will cut derivative contracts market lot from December 28 to minimum Rs 2 lakh. Derivative contracts market lot cut is in line with SEBI directive.
It is proposed to carry out revision of market lots for derivatives contract as given below:
To ignore operational complexities, in cases 3, 4 & 5 above, only the far month contract i.e. March 2008 expiry contracts will be revised for market lots. Contracts with maturity of January 2008 and February 2008 would continue to have the existing market lots. All subsequent contracts (i.e., March 2008 expiry and beyond) will have revised market lots.
More @
http://www.moneycontrol.com/india/news/market-news/nse-revises-market-lots-for-derivative-contracts/21/55/318895
Source: http://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 and make verification about the information. Blog is not responsible for any faulty information.
Moneycontrol, Myiris Business Stories
www.Moneycontrol.com
Indian mkts least hit by Pak tragedy, end flat
Hot midcap picks from PINC Research
Benazir's slaying may hurt Pak ratings: S&P
Sebi directions to pave way for Rel Power IPO
BSE launches SENSEX mini contracts
UBS-StanChart deal fizzles out
Prakash Ind to raise Rs 1k cr via thermal unit?
Trans & Rect see FY09 sales at Rs 400cr
Intl invt buy USD 1 bn stake in Bharti Infratel
2007 review: Fund manager's favourites
Mid & small cap stocks likely to outperform: PN Vijay
Pak govt reveals how Benazir was killed [ Off Topic]
Analyst positive on markets for FY08
JSW to invest 49% in JV with Georgia's Geo Steel: NW18
For smart retail investors, ICICI Direct's midcap picks
Reliance Petroleum can go upto Rs 300
Order book at Rs 500 crore: Kalindee Rail Nirman
Top sector performers for 2007
NSE revises market lots for derivative contracts
NSE launches mini F&O contract on S&P CNX Nifty index
-----------------------------------------------------------
www.myiris.com
Brokers` Outlook: Market likely to open flat on Monday
FIIs remain net buyers in equities worth Rs 9,440 mn on Dec. 27
Forex reserves decline by USD 232 mn
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31
Cambridge Technology to acquire Q-Soft Systems
Godrej acquires 5% in Geometric
RCF, GAIL signs MoU to set up coal gasification project
Jindal Steel fixes Jan 28 for stock split
Active stock: Kew Ind jumps 19.97% on plans to increase capacity
Mediaone Global allots 5:1 bonus shares
Active Stock: R Systems zooms 16% on acquisition news
Transformers and Rectifiers debuts at 50% premium at BSE
Suzlon Energy fixes record date for stock split
DLF may list 5 subsidiaries
Bhushan Steel to form JV with Sumitomo Metal
Era Constructions may raise open offer price
GMR likely to list energy arm to fund projects
Source: Above 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.
Indian mkts least hit by Pak tragedy, end flat
Hot midcap picks from PINC Research
Benazir's slaying may hurt Pak ratings: S&P
Sebi directions to pave way for Rel Power IPO
BSE launches SENSEX mini contracts
UBS-StanChart deal fizzles out
Prakash Ind to raise Rs 1k cr via thermal unit?
Trans & Rect see FY09 sales at Rs 400cr
Intl invt buy USD 1 bn stake in Bharti Infratel
2007 review: Fund manager's favourites
Mid & small cap stocks likely to outperform: PN Vijay
Pak govt reveals how Benazir was killed [ Off Topic]
Analyst positive on markets for FY08
JSW to invest 49% in JV with Georgia's Geo Steel: NW18
For smart retail investors, ICICI Direct's midcap picks
Reliance Petroleum can go upto Rs 300
Order book at Rs 500 crore: Kalindee Rail Nirman
Top sector performers for 2007
NSE revises market lots for derivative contracts
NSE launches mini F&O contract on S&P CNX Nifty index
-----------------------------------------------------------
www.myiris.com
Brokers` Outlook: Market likely to open flat on Monday
FIIs remain net buyers in equities worth Rs 9,440 mn on Dec. 27
Forex reserves decline by USD 232 mn
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31
Cambridge Technology to acquire Q-Soft Systems
Godrej acquires 5% in Geometric
RCF, GAIL signs MoU to set up coal gasification project
Jindal Steel fixes Jan 28 for stock split
Active stock: Kew Ind jumps 19.97% on plans to increase capacity
Mediaone Global allots 5:1 bonus shares
Active Stock: R Systems zooms 16% on acquisition news
Transformers and Rectifiers debuts at 50% premium at BSE
Suzlon Energy fixes record date for stock split
DLF may list 5 subsidiaries
Bhushan Steel to form JV with Sumitomo Metal
Era Constructions may raise open offer price
GMR likely to list energy arm to fund projects
Source: Above 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.
Labels:
Moneycontrol,
Myiris Business Stories
OP Bhatt is BS Banker of the Year
OP Bhatt is BS Banker of the Year
Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India [Get Quote] (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.
The jury was chaired by Standard & Poor's managing director & region head (South Asia) R Ravimohan, and comprised Tata Capital managing director Pravin Kadle, ICAN Advisors managing director Anil Singhvi and Ernst & Young's head of financial services Ashvin Parekh.
The jury members concluded that Bhatt deserved the title for the series of initiatives he has taken to position the country's largest bank to compete with private bank challengers that operate with much more operational freedom.
SBI, under Bhatt's stewardship, is best positioned to make a difference to all stakeholders, they said. What tipped the scales in Bhatt's favour was his ability to make the elephant dance. Though the numbers were not impressive enough in 2006-07 - a fact the jury noted - Bhatt has been able to arrest the steep slide in its market share since September last year.
In fact, till October this year, SBI's market share in deposits has gone up by 61 basis points and advances by 11 basis points. The first SBI chairman to get a five-year term has an elaborate blueprint for regaining the bank's lost glory.
While corporate financing has been put on the fast track (the decision to part-finance the Tata Group's acquisition of Corus was cleared in 10 minutes), SBI is entering several new business streams: financial planning and advisory services, custodial services, mobile banking, payments solutions, general insurance and pension funds.
The bank has also begun taking steps to build a strong derivatives business abroad.
The annual also covers a round table discussion involving the CEOs of seven leading banks on the topic: "2009: Are banks in India ready for it?" Bankers called for a clear vision document from the government and the Reserve Bank of India on the roadmap post-2009 when the contours of the banking landscape are expected to change.
The message that came out clearly was this: while leading private and foreign banks are putting their houses in order to meet the challenge, the public sector banks are trying to make rapid strides though most of them are still struggling with legacy issues. Bankers also said that the roadmap is important since the opportunities are limitless.
With the economy growing at around 9 per cent and an increase of the share of overall credit in the national output, business can go only one way - up.
Source: http://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. Blog is not responsible for any faulty information.
Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India [Get Quote] (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.
The jury was chaired by Standard & Poor's managing director & region head (South Asia) R Ravimohan, and comprised Tata Capital managing director Pravin Kadle, ICAN Advisors managing director Anil Singhvi and Ernst & Young's head of financial services Ashvin Parekh.
The jury members concluded that Bhatt deserved the title for the series of initiatives he has taken to position the country's largest bank to compete with private bank challengers that operate with much more operational freedom.
SBI, under Bhatt's stewardship, is best positioned to make a difference to all stakeholders, they said. What tipped the scales in Bhatt's favour was his ability to make the elephant dance. Though the numbers were not impressive enough in 2006-07 - a fact the jury noted - Bhatt has been able to arrest the steep slide in its market share since September last year.
In fact, till October this year, SBI's market share in deposits has gone up by 61 basis points and advances by 11 basis points. The first SBI chairman to get a five-year term has an elaborate blueprint for regaining the bank's lost glory.
While corporate financing has been put on the fast track (the decision to part-finance the Tata Group's acquisition of Corus was cleared in 10 minutes), SBI is entering several new business streams: financial planning and advisory services, custodial services, mobile banking, payments solutions, general insurance and pension funds.
The bank has also begun taking steps to build a strong derivatives business abroad.
The annual also covers a round table discussion involving the CEOs of seven leading banks on the topic: "2009: Are banks in India ready for it?" Bankers called for a clear vision document from the government and the Reserve Bank of India on the roadmap post-2009 when the contours of the banking landscape are expected to change.
The message that came out clearly was this: while leading private and foreign banks are putting their houses in order to meet the challenge, the public sector banks are trying to make rapid strides though most of them are still struggling with legacy issues. Bankers also said that the roadmap is important since the opportunities are limitless.
With the economy growing at around 9 per cent and an increase of the share of overall credit in the national output, business can go only one way - up.
Source: http://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. Blog is not responsible for any faulty information.
The Tata legacy : Rediff Slide show
Slide show: The Tata legacy
Ratan Tata turned 70 today. On this occasion, we take you through a nostalgic journey of the Tata Group.
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Ratan Tata turned 70 today (December 28, 2007). On this occasion, we take you through a nostalgic journey of the Tata Group through the ages.
Ratan Tata was born to Soonoo & Naval Hormusji Tata on December 28, 1937. He was brought up their grandmother Lady Navajbai after his mother moved out following a troubled marriage. He studied at the Campion School in Mumbai. At the age of 15, he moved to the United States for further studies. He completed his graduation from Cornell University with a degree in Architecture and Structural Engineering. He has also completed a Advanced Management Program at Harvard Business School.
Despite his wealth, Tata always kept a low profile. During his stint in the US, Tata had no qualms in doing odd jobs, he even washed dishes! He joined the Tata Group in December 1962. In 1991, after more than 50 years at the helm, JRD Tata stepped down as the chairman of the Tata Group. Taking over from him was Ratan Tata, his nephew.
In 1998, Ratan Tata launched the Indica, which is India's first indigenously designed, developed and manufactured car. Pooh-poohed for getting into the passenger car segment, Ratan Tata turned the tables on the naysayers within a few years. Tata Motors' Indica and Indigo is two of the hottest selling cars in India.
Today, Tata is an indispensable part of the Tata group, striving for more glory year after year. If 2007 would be remembered for his acquisition of Corus, the biggest acquisition in the history of India Inc. He has also bid for Ford's marquee brands: Jaguar and Land Rover. His pet project -- the Rs 1 lakh People's Car -- likely to be launched in mid-2008 is also certain to shake up the Indian car industry.
Ratan Tata has also initiated the restructuring of the vast Tata empire to reduce hierarchy, focus on profitable operations, and increase efficiency. The group is managed through holding company Tata Sons, which controls the Tata brand.
The Tata Group comprises 98 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals.
Also read:
Ratan Tata: India's shining jewel
We never compromised on ethics: Tata
'The Rs 1-lakh car will not be a motorcycle with 4 wheels'
The man with steely resolve
What will be Tata's Rs 1-lakh car be like
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Other Rediff stories
Sebi clears decks for RPL IPO
GDP to grow by 9% in 2008
Small savings can make you rich
The world's cheapest car
Source: http://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. Blog is not responsible for any faulty information.
Ratan Tata turned 70 today. On this occasion, we take you through a nostalgic journey of the Tata Group.
----------------------
Ratan Tata turned 70 today (December 28, 2007). On this occasion, we take you through a nostalgic journey of the Tata Group through the ages.
Ratan Tata was born to Soonoo & Naval Hormusji Tata on December 28, 1937. He was brought up their grandmother Lady Navajbai after his mother moved out following a troubled marriage. He studied at the Campion School in Mumbai. At the age of 15, he moved to the United States for further studies. He completed his graduation from Cornell University with a degree in Architecture and Structural Engineering. He has also completed a Advanced Management Program at Harvard Business School.
Despite his wealth, Tata always kept a low profile. During his stint in the US, Tata had no qualms in doing odd jobs, he even washed dishes! He joined the Tata Group in December 1962. In 1991, after more than 50 years at the helm, JRD Tata stepped down as the chairman of the Tata Group. Taking over from him was Ratan Tata, his nephew.
In 1998, Ratan Tata launched the Indica, which is India's first indigenously designed, developed and manufactured car. Pooh-poohed for getting into the passenger car segment, Ratan Tata turned the tables on the naysayers within a few years. Tata Motors' Indica and Indigo is two of the hottest selling cars in India.
Today, Tata is an indispensable part of the Tata group, striving for more glory year after year. If 2007 would be remembered for his acquisition of Corus, the biggest acquisition in the history of India Inc. He has also bid for Ford's marquee brands: Jaguar and Land Rover. His pet project -- the Rs 1 lakh People's Car -- likely to be launched in mid-2008 is also certain to shake up the Indian car industry.
Ratan Tata has also initiated the restructuring of the vast Tata empire to reduce hierarchy, focus on profitable operations, and increase efficiency. The group is managed through holding company Tata Sons, which controls the Tata brand.
The Tata Group comprises 98 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals.
Also read:
Ratan Tata: India's shining jewel
We never compromised on ethics: Tata
'The Rs 1-lakh car will not be a motorcycle with 4 wheels'
The man with steely resolve
What will be Tata's Rs 1-lakh car be like
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NSE revises lot size for 106 securities: Business Line
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.
Source: 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. 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.
List of new lot size http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
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.
Source: 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. Blog is not responsible for any faulty information.
Sensex mini derivative contracts from January : The Hindu
Sensex mini derivative contracts from
MUMBAI: The Bombay Stock Exchange (BSE) will launch Sensex mini derivative contracts from January 1, 2008, in a market lot of five.
“The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to Sensex, through Futures & Options,” stated the BSE in a press release.
The security symbol for Sensex mini contracts will be MSX. The contract is available for one, two and three months along with weekly options. The announcement came in immediately after SEBI allowed trading in mini contracts on index (BSE 30-share Sensex and NSE 50-share Nifty) with a minimum contract size of Rs. 1 lakh.
The SEBI board had proposed to introduce seven new derivative products based on the recommendations made by the SEBI Committee on Derivatives.
Source: http://www.hindu.com/2007/12/28/stories/2007122854191500.htm. 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.
MUMBAI: The Bombay Stock Exchange (BSE) will launch Sensex mini derivative contracts from January 1, 2008, in a market lot of five.
“The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to Sensex, through Futures & Options,” stated the BSE in a press release.
The security symbol for Sensex mini contracts will be MSX. The contract is available for one, two and three months along with weekly options. The announcement came in immediately after SEBI allowed trading in mini contracts on index (BSE 30-share Sensex and NSE 50-share Nifty) with a minimum contract size of Rs. 1 lakh.
The SEBI board had proposed to introduce seven new derivative products based on the recommendations made by the SEBI Committee on Derivatives.
Source: http://www.hindu.com/2007/12/28/stories/2007122854191500.htm. 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.
Sensex rebounds from lower levels, ends : Sify India
Sensex rebounds from lower levels, ends
Large cap stocks generally moved in a tight range even as mid and smallcaps gained in strength on strong buying support today. The market, taking global cues, got off to a negative start and as key stocks drifted lower, the benchmark indices plunged sharply into the red in early trade. The US and Asian markets had tumbled following the assassination of Pakistan's former Prime Minister Benazir Bhutto.
However, amid a certain degree of volatility, a few blue chip stocks bounced back from lower levels and the Sensex rallied into the positive zone. But then, with participants staying wary of building up positions in front line stocks, the index moved in a tight range till a list past noon.
A couple of strong spells of selling in information technology, capital goods, telecom and auto stocks in afternoon trade sent the Sensex crashing below 20,050. Though the barometer rebounded from that level and settled at 20,206.95, it still ended the day in the negative zone, albeit with a very small loss of 9.77 points. The Nifty, which swung in an intra-day range of around 77 points, ended at 6079.70, well off a low of 6021.90, with a loss of 1.80 points.
Realty stocks had a firm outing today. Metal, PSU, FMCG, healthcare and consumer durables stocks too posted impressive gains. Oil and power stocks bounced back during the closing minutes and ended well off their lows. Information technology, bank, capital goods and auto stocks closed on a subdued note.
Reflecting investor interest in midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 1.55% and 2.16% respectively. The market breadth also remained quite positive today.
Out of 2953 stocks traded on BSE, 2262 stocks closed with gains. 665 stocks finished on the losing side and 26 stocks ended unchanged from their previous closing levels.
Realty major DLF moved up by 5.35% to Rs 1063.70 and topped the list of gainers from the Sensex pack. Tata Steel (2.8%), Ambuja Cements (2.75%), Grasim Industries (1.15%), Hindalco (1.15%), ITC (1.1%), Ranbaxy Laboratories (1%), Reliance Energy (up nearly a per cent) and BHEL (0.95%) closed on a firm note.
Mahindra & Mahindra, HDFC, NTPC and ACC also ended with notable gains. Hindustan Unilever, Reliance Communications, Reliance Industries and State Bank of India ended marginally higher than their previous closing levels.
Among the losers, software major Wipro ended lower by 3.5%. Bharti Airtel (down 2.65%), Bajaj Auto (down 2.3%), Tata Consultancy Services (down 1.8%), ICICI Bank (down 1.2%), ONGC (down 1.1%) and Maruti Suzuki (down 1.05%) also declined sharply.
Tata Motors and HDFC Bank ended lower by around 0.8%. Infosys Technologies, Satyam Computer Services, Cipla and Larsen & Toubro eased by 0.25% - 0.5%. Idea Cellular, Suzlon Energy, GlaxoSmithKline Pharma, GAIL India, Zee Entertainment, Dr. Reddy's Laboratories and Hero Honda declined sharply today.
Nalco, which opened on a negative note, bounced back strongly in afternoon trade and ended with a handsome gain of 4.4%. Unitech, HCL Technologies, Tata Power, SAIL and Sun Pharma moved up by 2% - 4%. Punjab National Bank, Reliance Petroleum, Cairn India and Sterlite Industries also finished with impressive gains.
Ramco Systems hit the upper circuit in morning trade and remained firmly locked till the end. BASF India, Orchid Chemicals, HMT, Parsvnath Developers, Aditya Birla Nuvo, Castrol India, Edelweiss Capital, Century Textiles, Alfa Laval, Nestle, Ingersoll Rand, Mirc Electronics, Bharat Electronics, HDIL, Bank of Baroda, Lanco Infratech and Jindal Steel closed with handsome gains.
Monsanto, SpiceJet, Gulf Oil Corporation, Bajaj Auto Finance, Gateway Distripark, Donear Industries, Patel Engineering, Blue Dart Express, Sundaram Fasteners, Tata Investment Corporation, Advanta, Havell's India, Ess Dee Aluminium, Hotel Leelaventure, Bayer Crop and Dishman Pharma were some of the major gainers from the midcap index.
Among smallcaps, Suraj Stainless, Org Informatics, LGB Brothers, GATI, Spentex Industries, Munjal Showa, Bajaj Electricals, Agro Tech Foods, Suraj Diamond, Transport Corporation of India, Unity Infraprojects, Whirlpool, Dolphin Offshore, Viceroy Hotels and Tantia Constructions flared up today.
JP Hydro (up 7.2%), Essar Oil (up 2.65%), Jindal Steel (up 5.9%) and RNRL (up 5.55%) surge on strong volumes. Transformers & Rectifiers (TRIL) made a strong debut today. The stock ended at Rs 736, a premium of around 58.3% to its issue price of Rs 465. Nearly 3.3 million shares were traded at the TRIL counter on NSE today.
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Source: www.sify.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. Blog is not responsible for any faulty information.
Large cap stocks generally moved in a tight range even as mid and smallcaps gained in strength on strong buying support today. The market, taking global cues, got off to a negative start and as key stocks drifted lower, the benchmark indices plunged sharply into the red in early trade. The US and Asian markets had tumbled following the assassination of Pakistan's former Prime Minister Benazir Bhutto.
However, amid a certain degree of volatility, a few blue chip stocks bounced back from lower levels and the Sensex rallied into the positive zone. But then, with participants staying wary of building up positions in front line stocks, the index moved in a tight range till a list past noon.
A couple of strong spells of selling in information technology, capital goods, telecom and auto stocks in afternoon trade sent the Sensex crashing below 20,050. Though the barometer rebounded from that level and settled at 20,206.95, it still ended the day in the negative zone, albeit with a very small loss of 9.77 points. The Nifty, which swung in an intra-day range of around 77 points, ended at 6079.70, well off a low of 6021.90, with a loss of 1.80 points.
Realty stocks had a firm outing today. Metal, PSU, FMCG, healthcare and consumer durables stocks too posted impressive gains. Oil and power stocks bounced back during the closing minutes and ended well off their lows. Information technology, bank, capital goods and auto stocks closed on a subdued note.
Reflecting investor interest in midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 1.55% and 2.16% respectively. The market breadth also remained quite positive today.
Out of 2953 stocks traded on BSE, 2262 stocks closed with gains. 665 stocks finished on the losing side and 26 stocks ended unchanged from their previous closing levels.
Realty major DLF moved up by 5.35% to Rs 1063.70 and topped the list of gainers from the Sensex pack. Tata Steel (2.8%), Ambuja Cements (2.75%), Grasim Industries (1.15%), Hindalco (1.15%), ITC (1.1%), Ranbaxy Laboratories (1%), Reliance Energy (up nearly a per cent) and BHEL (0.95%) closed on a firm note.
Mahindra & Mahindra, HDFC, NTPC and ACC also ended with notable gains. Hindustan Unilever, Reliance Communications, Reliance Industries and State Bank of India ended marginally higher than their previous closing levels.
Among the losers, software major Wipro ended lower by 3.5%. Bharti Airtel (down 2.65%), Bajaj Auto (down 2.3%), Tata Consultancy Services (down 1.8%), ICICI Bank (down 1.2%), ONGC (down 1.1%) and Maruti Suzuki (down 1.05%) also declined sharply.
Tata Motors and HDFC Bank ended lower by around 0.8%. Infosys Technologies, Satyam Computer Services, Cipla and Larsen & Toubro eased by 0.25% - 0.5%. Idea Cellular, Suzlon Energy, GlaxoSmithKline Pharma, GAIL India, Zee Entertainment, Dr. Reddy's Laboratories and Hero Honda declined sharply today.
Nalco, which opened on a negative note, bounced back strongly in afternoon trade and ended with a handsome gain of 4.4%. Unitech, HCL Technologies, Tata Power, SAIL and Sun Pharma moved up by 2% - 4%. Punjab National Bank, Reliance Petroleum, Cairn India and Sterlite Industries also finished with impressive gains.
Ramco Systems hit the upper circuit in morning trade and remained firmly locked till the end. BASF India, Orchid Chemicals, HMT, Parsvnath Developers, Aditya Birla Nuvo, Castrol India, Edelweiss Capital, Century Textiles, Alfa Laval, Nestle, Ingersoll Rand, Mirc Electronics, Bharat Electronics, HDIL, Bank of Baroda, Lanco Infratech and Jindal Steel closed with handsome gains.
Monsanto, SpiceJet, Gulf Oil Corporation, Bajaj Auto Finance, Gateway Distripark, Donear Industries, Patel Engineering, Blue Dart Express, Sundaram Fasteners, Tata Investment Corporation, Advanta, Havell's India, Ess Dee Aluminium, Hotel Leelaventure, Bayer Crop and Dishman Pharma were some of the major gainers from the midcap index.
Among smallcaps, Suraj Stainless, Org Informatics, LGB Brothers, GATI, Spentex Industries, Munjal Showa, Bajaj Electricals, Agro Tech Foods, Suraj Diamond, Transport Corporation of India, Unity Infraprojects, Whirlpool, Dolphin Offshore, Viceroy Hotels and Tantia Constructions flared up today.
JP Hydro (up 7.2%), Essar Oil (up 2.65%), Jindal Steel (up 5.9%) and RNRL (up 5.55%) surge on strong volumes. Transformers & Rectifiers (TRIL) made a strong debut today. The stock ended at Rs 736, a premium of around 58.3% to its issue price of Rs 465. Nearly 3.3 million shares were traded at the TRIL counter on NSE today.
Other Stories:
KEW Ind in talks with M&M
Electrosteel to issue warrants
SEBI approves Reliance Power's IPO
Inflation rate slips to 3.45 per cent
JSW Steel to invest in steel rolling JV in Georgia
Nikkei falls 11% in 2007, first down year in 5 yrs
Infosys Q3 results on January 11
BSE to launch mini contracts in derivative market
Dewan Housing surges on FII cap hike
‘Web 2.0'? What’s that?
Reliance Power: SEBI in favour of promoter contribution
Source: www.sify.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. Blog is not responsible for any faulty information.
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