Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

11 March 2010

Forbes rank: Mukesh, Mittal in World's top 10 billionaires club

Forbes rank: Mukesh, Mittal in World's top 10 billionaires club


WASHINGTON: Mukesh Ambani and Lakshmi Mittal figured among world's top ten billionaires as Mexican tycoon Carlo Slim Helu beat Americans Bill
Gates and Warren Buffett to become the wealthiest person on earth. ( Watch )

Besides fourth ranked Reliance Industries chairman Ambani and fifth placed steel czar Mittal, four other Indians were among top 50 in 2010 Forbes list of the World's Billionaires released Wednesday with as many 49 Indians joining company with the planet's 1,011 richest people.

With his fortune swelling to an estimated $53.5 billion, up $18.5 billion in 12 months, Slim surged ahead of Microsoft cofounder Bill Gates, who had held the title of world's richest 14 of the past 15 years, the US business magazine noted.

Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago as shares of Microsoft rose 50 percent in 12 months. Buffett's fortune jumped $10 billion to $47 billion on rising shares of Berkshire Hathaway. He ranks third.

Eleven countries have at least double the number of billionaires they had a year ago, including China, India, Turkey and South Korea.

Fourth placed Mukesh Ambani with a fortune of $29 billion has global ambitions, Forbes said. So has his younger brother Anil Ambani ranked 36 with a $13.7 billion fortune.

Fifth ranked Lakshmi Mittal with a fortune of $28.7 billion is "looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval," Forbes noted describing him as "London's richest resident" who oversees ArcelorMittal, world's largest steel maker

Azim Premji with a fortune of $17.0 billion was ranked 28. "Software czar chairs $5.5 billion (revenues) Wipro, country's third-largest software exporter. Reported jump in net profits in last 2 quarters, signaling a rebound for US-dependent outsourcing giant."

Shashi & Ravi Ruia brothers took the 40th spot with a fortune of $13.0 billion. Their "$15 billion (revenues) Essar Group has weathered downturn and embarked on an expansion drive in all its businesses, including steel, oil and power."

Last among the Indians in top 50 was Savitri Jindal, ranked 44th, with a fortune of $12.2 billion. She took over as head of O.P. Jindal Group after her husband died in a helicopter crash in 2005.

Among other Indians on the billionaires list were Kushal Pal Singh (74), Kumar Birla (86), Sunil Mittal (87), Anil Agarwal (113), Adi Godrej & family (148), Shiv Nadar (201), N.R. Narayana Murthy & family (616), Rahul Bajaj (880) and Vijay Mallya (937).

*****************************************

Mukesh Ambani richest Indian for second year: Forbes

Mukesh Ambani, chief of petrochemicals giant Reliance Industries (RIL), has retained the title of being the world's richest Indian for the second consecutive year with a networth of $29 billion in the Forbes' list of wealthiest people on the planet.

Mukesh has been ranked fourth in the global list, topped by Mexican billionaire Carlos Slim ($53.5 billion), up from the seventh spot in 2009.

Leading the pack of 50 Indians in the list, he has added over $9.5 billion to his networth in the past 12 months.

Mukesh is followed by steel czar Lakshmi Mittal, who ranks fifth on the global list with a fortune of $28.7 billion. Mittal, has gained over $9 billion in the last year.

Wipro chairman Azim Premji, the next Indian on the list, is far below at the 28th place with a networth of $17 billion, although his rank has skyrocketed from the 83rd position last year with an addition of over $11.3 billion.

The richest Indian's brother, Anil Ambani, who was ranked at the 34th position in 2009, slipped two positions below to the 36th spot despite an increase of $3.6 billion in his networth at $13.7 billion.

Shashi and Ravi Ruia, the promoters of the Essar Group, were ranked at the 40th position, up from 86th last year, with a net worth of $13 billion.

The cumulative wealth of Indian billionaires has jumped by $118.9 billion and now stands at about $227.9 billion.

The Indian presence has doubled to 50 (from 24 a year ago) in the club of world's billionaires. "The world has 1,011 10-figure titans, up from 793 a year ago," Forbes said.

The league of 10 richest persons in the world now includes just two Indians -- Mukesh Ambani and Lakshmi Mittal.

There are, in fact, five resident Indians (up from two last year) among the 50 richest persons in the world, as Mittal is an Indian citizen, but resides in the UK.

Nine positions among top 100 from across the world are occupied by Indians, which include Mukesh Ambani (4th; $29 billion), Lakshmi Mittal (5th; $28.7 billion), Azim Premji (28th; $17 billion), Anil Ambani (36th; $13.7 billion), Shashi & Ravi Ruia (40th; $13 billion), Savitri Jindal (44th; $12.2 billion), K P Singh (74th; $9 billion), Kumar Birla (86th; $7.9 billion) and Sunil Mittal (87th; $7.8 billion).

Besides, the top 20 Indians on the global rich list include Anil Agarwal (113th; $6.4 billion), Pallonji Mistry (129th; $5.8 billion), Adi Godrej & family (148th; $5.2 billion), Gautam Adani (167th; $4.8 billion), Dilip Shanghvi (173rd; $4.6 billion), Shiv Nadar (201st; $4.2 billion), G M Rao (297th $3.2 billion), Malvinder & Shivinder Singh (297th; $3.2 billion), Uday Kotak (316th; $3 billion), Kalanithi Maran (342nd; $2.9 billion), Subhash Chandra, Micky Jagtiani and Indu Jain ranked at the 354th spot with a net worth of $2.8 billion each.

The list is dominated by Americans, two of whom have been ranked at the second and third positions -- Bill Gates and legendary investor Warren Buffett.

******************************************
Fund manager's guide on D-Street

Five Android phones that are expected in India soon

China overheating fears grow, spurring tightening talk
11 Mar 2010, 1805 hrs IST, REUTERS

Chinese consumer inflation spurted to a 16-month high in Feb and economic data displayed broad-based strength. Greece financial crisis | Lighter side of recession

India aims to be world's fastest growing economy

Forits jumps 5% on Parkways Holdings deal

Market awaits IIP, Sensex holds 17000


Pradip Overseas IPO Review


Purvankara Projects


Bharti Airtel Ltd


ILFS Transportation Networks IPO Analysis



Src: ET and DP blog etc

10 March 2010

NSE enables investors to access US market

NSE enables investors to access US market

NEW DELHI: In a major development that will allow Indian investors access to the American market, the country's top bourse NSE has decided to
begin trading in futures contracts of Dow Jones Industrial Average (DJIA) and S&P 500 - the two key indices of the US market.

At the same time, Nifty - NSE's benchmark index comprising India's 50 top blue-chip stocks - would be traded on the Chicago Mercantile Exchange of the US.

The listing and trading arrangement for these indices, which are subject to regulatory approvals in India and the US, was announced by National Stock Exchange and CME in a joint statement on Wednesday.

Besides the cross-listing and licensing agreements, the two bourses have also entered into a "memorandum of understanding with respect to other areas of potential co- operation including related to development and distribution of financial products and services."

NSE's affiliate India Index Services and Products Ltd (IISL) has granted exclusive licence for Americas and Europe to CME Group for trading of Nifty 50.

Besides, NSE also announced an agreement to explore listing and trading of more India-linked products on Singapore Exchange Ltd, which already has a licence to trade in Nifty 50.


******************************************
'Man Industries a very strong stock among small-caps'


hardul Kulkarni, Sr. Technical Analyst,

Angel Broking


Anyone of these stocks, Mukta Arts, Digjam that you are tracking on the charts?

Shardul Kulkarni : I would say that Digjam is one of the stocks that can move actually a little bit downwards rather than moving upwards because if you see the volumes have come on the big red candles that have been formed, so I would not be too positive on this stock unless and until it actually crosses the upside levels of 16-16.5. Mukta Arts I do not track.

Do you track Man Industries on the charts?

Shardul Kulkarni : Yes, Man Industries, one of the very strong counters in the small-cap space. I would say that the company has recently got an order and the stock is factoring in all the positives, so presently I would say that the stock is a buy on declines and not a buy at current levels of 76-77. If the stock does decline to around 66-67, then yes, the long term pattern is unfolding in a very positive manner. So presently, we would buy the stock on declines not at current levels but yes, overall the pattern is very strong. The weekly and monthly charts clearly show strong upside from current levels, so you would say it is a buy on declines.

Charts, what are they saying today for Astral Poly?

Shardul Kulkarni : Presently, if you look at the charts, you see the volumes are very low on this particular stock, probably the monthly volumes are less than 20 lakh shares in the full month. So on the volume front, the volumes are not too attractive to go in and buy this particular counter but purely on the price pattern, the stock is very strong. It clearly shows a strong trend line on the lower side where the support existed around 160-165 levels, so probably someone who wants to buy into this particular counter should look at buying on dips near to around 170 levels. The stop loss for this trade should be at around 160 levels

*******************************************

Texmo Pipes & Products attracts 52% premium

Positional calls: Gujarat Gas, Polaris Software Aditya Birla Money

Technical calls: KPIT Cummins, Allahabad & ICICI Bank HDFC Sec




Src: ET, DP blog and etc

07 December 2007

Other Blog Roundups, News

http://www.deadpresident.blogspot.com


Faith for bulls, freeze for bears!
Market may remain positive
If you were watching CNBC
Bullish mood may continue
IPO Grey Market Premiums
IT, telecom stocks lead 170-points Sensex surge
JBF Industries
Congratulations - India is second most expensive
Post Market Commentary

--------------------------------------------------
Equitybulls.com


Cable Corporation Under Sea Power Link to be operational by New Year
GMR Infrastructure arm DIAL Signs Financial Documents with its Project Lenders
Titan Industries appoints M F Farooqui as Director & Chairman
Shristi Infrastructure Development Corporation Limited to list on December 10, 2007
Tata Elxsi forms subsidiary in Singapore
Alok Industries SEZ receives formal approval from Government
Sun TV launches FM station at Kozhikode (Calicut)
Rain Calcining Fixes Record Date for Scheme of Arrangement
Binani Cement Commences Commercial Production of Grinding Unit at Binanigram
EPIC Energy clarifies on Government Order News
Modern India Board to consider sub-division
Easun Reyrolle to use funds raised for business expansion
Century Extrusions Board to consider rights issue
UB Engineering Board to consider rights issue
Sanwaria Agro Board approves stock split
Repeal of ULCRA has no impact on Bombay Dyeing
Parsvnath Developers Receives contract worth Rs 47 Crores
CARE assigns AA Rating for Dewan Housing's NCRPS
RCom to offer Nation wide GSM services soon



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. Blog is not responsible for any faulty information.