VCcircle.com
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News Roundup: Pharma Co Bags $35M UNICEF Order, RPG Big On Telecom Towers
WL Ross & Goldman Sachs To Put In $100 Million In SpiceJet
Vistaar Religare Film Fund Gets SEBI Approval; Plans To Raise $50 Million
For Acumen Fund, ROI = Profits + Social Impact
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B
Deutsche Telekom Invests $75 Million In Devas Multimedia
Govt Rejects SBI-SocGen JV Proposal For Depository Services
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Capvent Readies $250-Million To Invest In First & Second Time Funds
PE Funds To Pick Up 11% Stake In Banglore’s Dynamatic Technolgies For $18M
AMP Capital Announces $750-M Asian Infra Fund; To Invest In India
News Roundup: Suzlon Eyes Shanthi Gears, BSNL Unions Reject ESOP Offer
Government To Draft New Norms For VC/PE Industry
ICICI Venture’s Mezzanine Fund Invests $10M In MAS Financial
E-Publishing Firm PreMedia Raises $4 Million From NEA IndoUS Ventures
Seedfund Is Now Targeting $50 Million Fund: Report
Publicis Buys Google’s Search Engine Marketing Business
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Lighthouse Announces First Closing Of Rs 500-Crore India 2020 Fund
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Voice Search Firm Ubona Gets Series A Funding From Capital18
News Analysis: Who All Will Benefit From 3G?
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IndiaPE.com
PEs buy in as realtors face a cash crunch
VC firm sets up incubation centre in India to spot fundable start-ups
Private equity lures B-schools
Ross, Goldman to invest $100m in SpiceJet
ICSA plans buyouts in US, SE Asia
Quippo Telecom to raise $185 mn
VCs continue their bargain hunt
VC in Bollywood promises directors to newer platforms
ICICI Venture eyes stake in KIMS
Direct Logistics eyes cos in N America & Europe
BoR to raise Rs 250 crore through private placement
Australian Firm To Acquire Stake In Indian Online Portal
Deutsche Tele picks up 17% stake in Devas Multimedia
EVENT ALERT: HEDGE FUNDS INVESTMENT AND RISK ANALYSIS to be held on 20-21 October 2008 in Singapore
PEs still heading to India
Source: Above sites.
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13 August 2008
India's 10 prosperous cities
India's 10 prosperous cities
A study jointly conducted by the National Council of Applied Economic Research's Rajesh Shukla and Future Capital Research's Roopa Purushothaman says that on conservative estimates, 379 million people will be added to India's urban spaces over the next 40 years -- more than the entire population of the United States today.
The study also mentions which cities have India's richest households and identifies 20 key cities to track. These cities together account for just under 10 per cent of India's population, but generate 30.8 per cent of disposable income.
The cities have been put in three categories: Megacities, which are the largest cities in terms of population and overall consumer markets; Boomtowns, which stand out as the next set of big-population cities with high expenditure per household; and Niche Cities, which are smaller in terms of overall population but still hit well above their weight in spending per household.
The Megacities are -- (Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, and Pune); the Boomtowns are -- (Surat, Kanpur, Jaipur, Lucknow, Nagpur, Bhopal, and Coimbatore); and the Niche Cities -- (Faridabad, Amritsar, Ludhiana, Chandigarh, Jalandhar).
More @ http://specials.rediff.com/money/2008/aug/11sl1.htm
Source: Rediff.com
A study jointly conducted by the National Council of Applied Economic Research's Rajesh Shukla and Future Capital Research's Roopa Purushothaman says that on conservative estimates, 379 million people will be added to India's urban spaces over the next 40 years -- more than the entire population of the United States today.
The study also mentions which cities have India's richest households and identifies 20 key cities to track. These cities together account for just under 10 per cent of India's population, but generate 30.8 per cent of disposable income.
The cities have been put in three categories: Megacities, which are the largest cities in terms of population and overall consumer markets; Boomtowns, which stand out as the next set of big-population cities with high expenditure per household; and Niche Cities, which are smaller in terms of overall population but still hit well above their weight in spending per household.
The Megacities are -- (Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, and Pune); the Boomtowns are -- (Surat, Kanpur, Jaipur, Lucknow, Nagpur, Bhopal, and Coimbatore); and the Niche Cities -- (Faridabad, Amritsar, Ludhiana, Chandigarh, Jalandhar).
More @ http://specials.rediff.com/money/2008/aug/11sl1.htm
Source: Rediff.com
New 39 FNO stocks from Aug 21,2008
http://www.nseindia.com/content/circulars/faop11119.htm
NSE/FAOP/11119
Introduction of futures and options contracts on 39 additional individual securities
With reference to circulars no NSE/F&O/0014/2001 dated June 29, 2001, NSE/F&O/0027/2001 dated November 07, 2001, SEBI circular SMDRP/DNPD/CIR -26/2004/07/16 dated July 16, 2004, and approval received from SEBI, members are hereby notified that the following 39 additional securities will be available for trading in F&O with effect from August 21, 2008:
Sr No Symbol Security Name
1 ABGSHIP ABG SHIPYARD LTD
2 AKRUTI AKRUTI CITY LIMITED
3 ASIANPAINT ASIAN PAINTS LIMITED
4 BALAJITELE BALAJI TELEFILMS LIMITED.
5 CONCOR CONTAINER CORP OF IND LTD
6 COREPROTEC CORE PROJ. & TECH. LTD.
7 DCHL DECCAN CHRONICLE HOLD LTD
8 DISHTV DISH TV INDIA LTD.
9 EVERONN EVERONN SYSTEMS IND. LTD
10 FSL FIRSTSOURCE SOLU. LTD.
11 GSPL GUJARAT STATE PETRO LTD
12 GTLINFRA GTL INFRA.LTD
13 GVKPIL GVK POW. & INFRA LTD.
14 HCL-INSYS HCL INFOSYSTEMS LTD
15 IBREALEST INDIABULLS REAL EST. LTD
16 ICSA ICSA (INDIA) LIMITED
17 KLGSYSTEL KLG SYSTEL LTD.
18 KSOILS K S OILS LIMITED
19 MIC MIC ELECTRONICS LIMITED
20 MINDTREE MINDTREE LIMITED
21 MLL MERCATOR LINES LIMITED
22 MONNETISPA MONNET ISPAT LTD
23 MRF MRF LTD
24 NBVENTURES NAVA BHARAT VENTURES LIMI
25 NOIDATOLL NOIDA TOLL BRIDGE CO LTD
26 OPTOCIRCUI OPTO CIRCUITS (I) LTD.
27 ORBITCORP ORBIT CORP. LTD.
28 PRISMCEM PRISM CEMENTS LTD
29 PTC PTC INDIA LIMITED
30 RIIL RELIANCE INDUSTRIAL INFRASTRUCTU LTD
31 SINTEX SINTEX INDUSTRIES LTD
32 SREINTFIN SREI INFRASTRUCTURE FINAN
33 THERMAX THERMAX LTD
34 TORNTPOWER TORRENT POWER LTD
35 TV-18 TV18 INDIA LIMITED
36 UCOBANK UCO BANK
37 UTVSOF UTV SOFT. COMM. LTD.
38 VOLTAMP VOLTAMP TRANSFORMERS LTD
39 WALCHANNAG WALCHANDNAGAR INDUSTRIES
The details of market lot and list of contracts being made available for trading in the above securities will be informed to members separately through a circular on August 20, 2008.
For any clarification members are requested to contact following officials
Sachin Dhar & Janardhan Gujaran on 022-26598151, 022-26598152
-----------------------------------
These stks may get action in near term. Watch this space.
Source: NSEindia.com
NSE/FAOP/11119
Introduction of futures and options contracts on 39 additional individual securities
With reference to circulars no NSE/F&O/0014/2001 dated June 29, 2001, NSE/F&O/0027/2001 dated November 07, 2001, SEBI circular SMDRP/DNPD/CIR -26/2004/07/16 dated July 16, 2004, and approval received from SEBI, members are hereby notified that the following 39 additional securities will be available for trading in F&O with effect from August 21, 2008:
Sr No Symbol Security Name
1 ABGSHIP ABG SHIPYARD LTD
2 AKRUTI AKRUTI CITY LIMITED
3 ASIANPAINT ASIAN PAINTS LIMITED
4 BALAJITELE BALAJI TELEFILMS LIMITED.
5 CONCOR CONTAINER CORP OF IND LTD
6 COREPROTEC CORE PROJ. & TECH. LTD.
7 DCHL DECCAN CHRONICLE HOLD LTD
8 DISHTV DISH TV INDIA LTD.
9 EVERONN EVERONN SYSTEMS IND. LTD
10 FSL FIRSTSOURCE SOLU. LTD.
11 GSPL GUJARAT STATE PETRO LTD
12 GTLINFRA GTL INFRA.LTD
13 GVKPIL GVK POW. & INFRA LTD.
14 HCL-INSYS HCL INFOSYSTEMS LTD
15 IBREALEST INDIABULLS REAL EST. LTD
16 ICSA ICSA (INDIA) LIMITED
17 KLGSYSTEL KLG SYSTEL LTD.
18 KSOILS K S OILS LIMITED
19 MIC MIC ELECTRONICS LIMITED
20 MINDTREE MINDTREE LIMITED
21 MLL MERCATOR LINES LIMITED
22 MONNETISPA MONNET ISPAT LTD
23 MRF MRF LTD
24 NBVENTURES NAVA BHARAT VENTURES LIMI
25 NOIDATOLL NOIDA TOLL BRIDGE CO LTD
26 OPTOCIRCUI OPTO CIRCUITS (I) LTD.
27 ORBITCORP ORBIT CORP. LTD.
28 PRISMCEM PRISM CEMENTS LTD
29 PTC PTC INDIA LIMITED
30 RIIL RELIANCE INDUSTRIAL INFRASTRUCTU LTD
31 SINTEX SINTEX INDUSTRIES LTD
32 SREINTFIN SREI INFRASTRUCTURE FINAN
33 THERMAX THERMAX LTD
34 TORNTPOWER TORRENT POWER LTD
35 TV-18 TV18 INDIA LIMITED
36 UCOBANK UCO BANK
37 UTVSOF UTV SOFT. COMM. LTD.
38 VOLTAMP VOLTAMP TRANSFORMERS LTD
39 WALCHANNAG WALCHANDNAGAR INDUSTRIES
The details of market lot and list of contracts being made available for trading in the above securities will be informed to members separately through a circular on August 20, 2008.
For any clarification members are requested to contact following officials
Sachin Dhar & Janardhan Gujaran on 022-26598151, 022-26598152
-----------------------------------
These stks may get action in near term. Watch this space.
Source: NSEindia.com
Labels:
2008,
New 39 FNO stocks from Aug 21
P-Notes back on SEBI agenda
P-Notes back on SEBI agenda
Participatory Notes are once again on the agenda of the capital market regulator, with the Securities and Exchange Board of India (SEBI) set to begin a review of the entire “regulatory framework” governing these instruments at its board meeting on August 13.
The PN virus! SEBI announces new payment system for IPOs
The return of PNs to the agenda of the SEBI board has triggered expectations among market participants that the capital market regulator may look at easing some of the restrictions that were introduced in October 2007 as there has been a change in the economic environment and also in the market conditions.
At the time, SEBI had proposed that foreign institutional investors (FIIs) and their sub-accounts cannot issue or renew PNs with underlying as derivatives with immediate effect.
Sebi for easing financial reporting norms SEBI disgorges Rs 80.34 lakh from 33 entities
They had to unwind their current position within 18 months. The capital market regulator had also said that FIIs cannot hold over 40 per cent of assets in PNs. Official sources indicated that part of the review could include a fresh look at the 18-month deadline in view of the recent developments in the market.
“A lot of data has flowed in on PNs since October last year. This would help us in the review on August 13,” official sources said. They added that any decision on policy change was unlikely on the same day as it would be the first meeting on the subject.
FIIs are concerned that their sub-accounts have been barred from participating in futures and options. Moreover, the capital market regulator had ordered winding up of PNs issued to investors in unregulated jurisdictions.
PNs are offshore derivative instruments that allow foreign investors to invest indirectly in a country’s stock markets without disclosing their identity. The October 2007 restrictions on PNs were brought in the backdrop of copious capital flows into the country.
Ever since the curbs on PNs were announced, the FIIs had been net sellers, initially due to these restrictions and later beginning January 2008 on account of global financial turmoil following deepening of US sub-prime crisis.
“Since the start of the calendar year, it is difficult to say whether FII selling was driven by curbs on PNs or was it due to global financial turmoil. It looked to be combination of factors,” sources said.
In the meanwhile, SEBI had overhauled the entire FII regulations and also simplified the process of their registration with the regulator. Official sources said that there was no problem as such on FII registrations now and indicated that the board would not consider this subject on August 13.
However, of late, there are concerns of market business being driven out of India to places like the Singapore stock exchange, where volumes of trading on Nifty futures and options have surged in recent times. This may now compel SEBI to take measures to discourage participants to shift to alternative market places.
Source: SIfy
Participatory Notes are once again on the agenda of the capital market regulator, with the Securities and Exchange Board of India (SEBI) set to begin a review of the entire “regulatory framework” governing these instruments at its board meeting on August 13.
The PN virus! SEBI announces new payment system for IPOs
The return of PNs to the agenda of the SEBI board has triggered expectations among market participants that the capital market regulator may look at easing some of the restrictions that were introduced in October 2007 as there has been a change in the economic environment and also in the market conditions.
At the time, SEBI had proposed that foreign institutional investors (FIIs) and their sub-accounts cannot issue or renew PNs with underlying as derivatives with immediate effect.
Sebi for easing financial reporting norms SEBI disgorges Rs 80.34 lakh from 33 entities
They had to unwind their current position within 18 months. The capital market regulator had also said that FIIs cannot hold over 40 per cent of assets in PNs. Official sources indicated that part of the review could include a fresh look at the 18-month deadline in view of the recent developments in the market.
“A lot of data has flowed in on PNs since October last year. This would help us in the review on August 13,” official sources said. They added that any decision on policy change was unlikely on the same day as it would be the first meeting on the subject.
FIIs are concerned that their sub-accounts have been barred from participating in futures and options. Moreover, the capital market regulator had ordered winding up of PNs issued to investors in unregulated jurisdictions.
PNs are offshore derivative instruments that allow foreign investors to invest indirectly in a country’s stock markets without disclosing their identity. The October 2007 restrictions on PNs were brought in the backdrop of copious capital flows into the country.
Ever since the curbs on PNs were announced, the FIIs had been net sellers, initially due to these restrictions and later beginning January 2008 on account of global financial turmoil following deepening of US sub-prime crisis.
“Since the start of the calendar year, it is difficult to say whether FII selling was driven by curbs on PNs or was it due to global financial turmoil. It looked to be combination of factors,” sources said.
In the meanwhile, SEBI had overhauled the entire FII regulations and also simplified the process of their registration with the regulator. Official sources said that there was no problem as such on FII registrations now and indicated that the board would not consider this subject on August 13.
However, of late, there are concerns of market business being driven out of India to places like the Singapore stock exchange, where volumes of trading on Nifty futures and options have surged in recent times. This may now compel SEBI to take measures to discourage participants to shift to alternative market places.
Source: SIfy
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