PE,VC updates

Advertorial: ISB's Private Equity Conference Today
Nimbus Communications Will Sell 26% Stake To Strategic Investors
News Roundup: Israel's Fishman and Dubai Ports Group eye Indian realty
Bobby Bedi To Tap AIM Or PE Funds For Kaleidoscope

IFCI Venture Capital Invests $4.6M In Marck Biosciences
Seventymm Raises $12 Million In Third Round From NEA Indo US Ventures
Ojas Venture Partners Invests In Mobile Tech Firm Mango
Matrix Partners Invests $7 Million In Mumbai Play School Tree House

Tata Power Picks Up 10% Stake In Australian Geothermal Co For $37.8M
News Roundup: Japan's Uniqlo eyes brands acqusitions in India & others
Coke Offers To Buy Chinese Juice Maker For $2.4B, Is India Next?
Aditya Birla's Open Offer For Apollo Sindhoori Shareholders At Rs 64

Hedge Fund Platinum Capital Management May Open A Shop In India
CLSA Launches Long Only Clean Water Asia Fund
GVFL-backed 20 Micron Files DRHP For Public Offering
Global Investment House Launches India Focused Long/Short Hedge Fund

SEBI Wants M&A Valuation To Be Disclosed To Shareholders
Bhave Wants To Up Single Shareholding Cap In Bourses To 15%
Manappuram Group Raises Second Round Of Funding From PE Investors
Warburg Pincus To Pick Up 30% Stake For $35M In Gangavaram Port
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Adlabs may buy Fame India ?
Sebi suggests 15% stake for strategic investors in SEs
BCCL picks up stake in Manhattan Communications
ARTHANOMICS 2008,Investment Banking and Private Equity Summit,6th and 7th of September 2008
PCCPL acquired stake in Parul Chemicals

BAE Systems awaits govt nod to pick 49% stake in Mahindras
Jai Corp raised Rs 5,686 cr through two VC funds
India-focused PE funds set to raise $5 bn by Dec
Pressmart Gets $6 Million VC Infusion for Expansion

Warburg Pincus buys 30% stake in new port in Andhra Pradesh
PE Funds infuse Rs 108 crore in Manappuram Group
Tata Power to buy 11% in Aussie company
PE Funds to acquire BT's stake in Tech Mahindra

Premji buys 10% Subhiksha stake
Global Investors invested Rs 411 crore in Moser Baer's solar photo voltaic business


Source:IndiaPE.com, VCCircle.com

DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index

DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index

Real estate giant DLF, telecom major Bharti Airtel and energy firms ONGC and Cairn India have made their way to the Dow Jones BRIC 50 Index, a blue-chip index measuring performance of 50 largest and most liquid companies in Brazil, Russia, India and China. The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.

The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22. Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC. Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia's Surgutneftegaz JSC.

The 10 companies exiting the index include Brazil's Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China's Jiangxi Copper Company and Trina Solar Limited ADS and Russia's Mobile Telesystems. The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to $920 billion from $852 billion as of September 2. The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.

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ArcelorMittal, RIL in WSJ's respected companies list
Infy, Wipro, Satyam among Buffett-fit stocks: S&P
N-deal: US-based ACA says India has not got 'clean waiver'
3G auction to begin on Monday
Inflation data on monthly basis?
Time short for N-deal approval: Rice
Industry hails NSG waiver, seeks opening up nuke energy
For bulls to remain in focus, 4265-4300 should be maintained

Source:ET

Stock,Mkt Reports from BusinessLine

http://www.thehindubusinessline.com/iw/index.htm

TECHNICAL ANALYSIS: Index OutlookSentiment on Indian bourses seesawed between hope and despair last week. The strong mid-week surge caused by crude oil’s decline below $110 was thwarted by the global wave of selling in equities that seeped into the Indian stock markets, ...

AUTOMOBILES: Automobiles: Working on a better product mixThe pause in demand due to high interest rates coupled with rising input costs have battered the auto sector in recent times. Raw material costs for five majors — Tata Motors, Ashok Leyland, Mahindra and Mahindra, Maruti Suzuki and ...


ENGINEERING: Capital goods: New moves on procurementCapital goods companies have begun to feel the heat from spiralling commodity prices. The average operating profit margins of companies in this space have fallen a good two percentage points, to about 16 per cent, in the June quarter. Raw ...

REAL ESTATE & CONSTRUCTION: Infrastructure: The escalation clauses start kicking inEfforts by infrastructure and construction companies to protect margins have revolved around attempts to pass on raw material price hikes to clients. Steel, cement, bitumen and diesel can account for as much as 60-65 per cent of the total ...

STOCKS: SAIL: BuyInvestors can consider buying the SAIL India stock, now trading at a price-earnings multiple of about 8.2 times its 2007-08 earnings. The valuation is at a discount compared to Tata Steel (9.4 times) and global steel majors. SAIL’s ...

MUTUAL FUNDS: Tata Equity P/E Fund: InvestInvestments can be considered in Tata Equity P/E Fund based on its improved performance over the past two years. The fund underperformed the benchmark Sensex by a significant margin in 2006, thus impacting its last three-year performance. ...

MUTUAL FUNDS: Sundaram BNP Paribas Select Midcap Fund: HoldInvestors can continue to hold the units of Sundaram BNP Paribas Select Midcap Fund (Sundaram Midcap), considering its long-term track record in generating returns. The fund has delivered an annual return of 42.1 per cent over a five-year ...

TECHNICAL ANALYSIS: Query Corner: What the charts sayPlease let me have your views on Ashok Leyland bought at Rs 56 and Jayaswal Neco purchased at Rs 81. Chandra ...

STOCKS: PSL: BuyInvestments with a long-term perspective can be considered in the stock of PSL, which is the country’s largest manufacturer of high grade helical pipes. ...

STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to STOCK MARKETS: Baskets of XE-mail your guess before Tuesday to: TECHNICAL ANALYSIS: Tata SteelTata Steel moved listlessly between Rs 580 and Rs 600 in the early part of the week before recording a new closing low for 2008 on Friday. ...

TECHNICAL ANALYSIS:
Reliance Infra (September 07, 2008)
Unitech (September 07, 2008)
Infosys (September 07, 2008)
Tata Steel (September 07, 2008)
SBI (September 07, 2008)
Reliance (September 07, 2008)
Tech School: Descending triangles (September 07, 2008)
Index Outlook (September 07, 2008)
Query Corner: What the charts say (September 07, 2008

STOCKS: Everest Kanto Cylinders: BuyFresh investments can be considered in the stock of Everest Kanto Cylinders, a leading manufacturer of high-pressure CNG (compressed natural gas) and industrial cylinders. At the current market price of Rs 288, the stock trades at about 14 ...

STOCKS: Bank of Baroda: HoldBank of Baroda (BoB) shareholders can consider staying invested in the stock at the current price of Rs 294.65. The stock trades at 1.13 times the company’s 2007-08 book value and 7.5 times the earnings, translating into 0.93 times ...

DERIVATIVES MARKETS: Nifty future may drift lowerMarkets seem to have lost their momentum midway. After witnessing wild swings intra-week, the Nifty September future finished marginally lower at 4352.2 points against the previous week’s close of 4370.55, shedding little over 0.4 per ...

STOCK MARKETS: Beta exposure: Is direct investment better than index funds?Readers may be aware of the core-satellite approach to portfolio management. This involves constructing a core portfolio for the beta (market) exposure and a satellite portfolio for the alpha (excess) returns. There were couple of interesting ...

Source:BL

Indo-US N-Deal: India gets NSG waiver

India powers its way into nuke biz

India on Saturday powered its way into the global nuclear fold after the Nuclear Suppliers’ Group (NSG) rewrote its guidelines for resuming nuclear trade with New Delhi. The decision to admit India came after three days of intense diplomacy by the US in the nuclear cartel that controls the global flow of nuclear fuel and technologies. ( Watch ) The NSG’s acceptance of the US proposal to drop the ban on nuclear trade will now put the Indo-US nuclear deal on the fast track. The deal will now go to the US Congress for up-down approval before it adjourns in end September for elections. Having failed to use its proxies effectively, China had come out in the open with its opposition to the deal. In a bid to prevent China hijacking the proceedings, US President George Bush wrote a letter to Chinese President Hu Jintao asking Beijing to support the India waiver. But the real opposition came from the non-proliferation ideologues — the Netherlands, Norway, Switzerland, Ireland, Austria and New Zealand — who were persuaded one by one until Austria remained the last country standing against the waiver. The last minute changes to the draft combined with the softening of position of others finally wore down Austria’s resistance. Austria had been asking for auxiliary measures to be added in the draft. “There is a sense of relief. I am particularly happy that the waiver (for India) meets with international nuclear non-proliferation architecture,” reports from Vienna quoting Peter Launsky, Austrian foreign ministry spokesman said.

Domestically, the development is a major shot in the arm for the UPA government and Prime Minister Manmohan Singh as the nuclear deal will give it a constructive issue to run on between now and 2009 election. While the BJP has been engaged in fierce finger-pointing and blame-casting over the agreement, the hypersensitive people with overactive imagination in the Left have been concocting nightmares. A setback on the waiver would have complicated matters for both the ruling side and the prime minister. Calling the waiver “a forward-looking and momentous decision,’’ the Prime Minister thanked the US and members of the NSG for granting the waiver “It is a recognition of India’s impeccable non-proliferation credentials and its status as a state with advanced nuclear technology,’’ Mr Singh said. US President George Bush praised the leadership of the PM and appreciated the way he handled the negotiations. President Bush placed a call to Mr Singh soon after the waiver was announced in Vienna. The two leaders also discussed the next step of getting congressional approval for the 123 agreement. External affairs minister Pranab Mukherjee, who has played pivotal role in the domestic battle on the deal, said that the waiver was consistent with the commitments given by the government to Parliament. ( Watch )
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India to thank New Zealand for NSG support next week
India Inc sees $40 bn foreign investment
NSG waiver to India will boost power industry: NPCIL
Industry hails NSG waiver, seeks opening up nuke energy

NSG passes India waiver by consensus
Indo-US N-Deal: India gets NSG waiver
The nuclear effect: PM hails NSG waiver
Indian Americans satisfied with NSG waiver, hopeful of
Former NSA Brajesh Mishra welcomes NSG waiver

Chronology of key developments in Indo-US nuclear deal
Rice presses US Congress to OK India nuclear deal
After NSG waiver, nuke deal goes to US Congress
NSG waiver, a big deal for Manmohan
Do you think the nuclear deal will take care of India's energy security problem?

What does it mean for pvt sector?
India crosses a nuclear hurdle with NSG waiver
FIIs turning positive on Indian markets
Nuclear deal through with NSG waiver
Indian engineering firms see big opportunity in NSG waiver

Markets likely to bounce back
Nifty upside cap likely at 4,500
NSG waiver important for global energy security: Pranab Mukherjee
Wkly Tech Analysis: Markets likely to bounce back

Soirce:ET, BL, BS