EconomicTimes.Com
Sensex ends 300 pts up as investors cheer Left statement on n-deal
Rupee ends weak at 39.42/43 vs dollar
Gold records biggest one-day fall in 20 months
IDBI cuts rates on some term deposits, realigns others
DoT may issue Letter of Intent to all telecom applicants
No new controls on capital inflows:FM
Petroleum Ministry to consider rationalising ATF prices
REL raises Rs 507 crore upon conversion of FCCBs into equity [
Vodafone revenue climbs on Indian business
Coal Ministry likely to allocate 23 coal blocks next month
Texmaco forms JV with Aussie firm
Jyothy Labs sets Rs 620-690 per share IPO price band
Pratibha Ind group co get 413.5 mn rupees order
FMC seeks lifting ban on futures trade in four commodities
IIP slowdown: Chambers ask for policy revision
Tata, Reliance among 13 cos in race for Tilaiya project [
Four bid for stake in Kenya state-run telcom firm
Faze Three acquires 76 pc stake in German firm
Microsoft elbows out Infosys as best company to work in India
Adobe appoints Shantanu Narayen as its new president
M&As, PE deals total $63.5 billion till Oct
$6.5 bn investment in pipeline for medical tourism industry
After Malar, Fortis eyes Chennai's Lifeline
PEs to take a sip of Cafe Coffee Day for $95 mn
RBI in talks over FX funds for projects: Govt
RBI okays $5-bn forex reserves for infrastructure
Century Extrusions hits 20% circuit, up 60% in 7 days
Venture capital funds face realty check
Tata supercomputer named fastest in Asia, 4th in world
Google offers $10 mn in prizes for new cell phone software
Moneycontrol.Com
Left softens stance on nuke deal; gives nod for IAEA meet
Steel prices may go up: Bhushan Steel
Bombay Rayon likely to invest 1100 cr, stock surges
Gati Corp to foary into aircargo, stk at new high
Revision in free-float adjustment factors of BSE Index
Mkts to remain volatile in November: Experts
Crude prices drop below $95/bbl
Petronet LNG a good buy: PN Vijay
Birla Power Vs Honda SIEL: Whom should you bet on?
Bongaigaon Refineries has target of Rs 120: Mohindar
BoB, Italy-based Pioneer tie-up for AMC biz
REC World Headquarters building at Gurgaon
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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.
13 November 2007
India's 40 Largest Companies: Forbes, USA
India's 40 Largest Companies
Forbes, USA
Mumbai, India -
Around the start of every winter, Indians worship the goddess of wealth, Lakshmi, as part of their biggest festival, Diwali. This year, some of the companies on our India 40 list had plenty of reason to celebrate, with their market capitalization as much as tripling in a stellar bull run. Infrastructure, energy and banking companies dominated the rankings, as demand boomed in these sectors.
India's largest company by market value and our list-topper Reliance Industries saw its market capitalization go from $30.7 billion since the last list to $91.54 billion this year. The company run by billionaire Mukesh Ambani had a more modest rise in assets, from $21.70 billion to $30.67 billion. Oil and Natural Gas Corp.--at second spot--saw market capitalization nearly double to $61.81 billion from $31.4 billion. But its assets rose faster, from $18.6 billion to $33.7 billion.
India's benchmark Sensitive Index (Sensex) has gained 41% this year, as foreign investors pumped around $17 billion into the markets. Domestic companies are seeing strong growth as a rapidly expanding middle class fuels demand for consumer goods and takes bank loans to invest in homes and vehicles. This year, 13 banks made the list, with State Bank of India topping the sector rankings at No. 3. The country's largest private lender, ICICI Bank (nyse: IBN - news - people ), came in a close second at No. 5, up one spot from last year. Others on the list included HDFC Bank (nyse: HDB - news - people ), Canara Bank and Bank of Baroda.
In Pictures: India's 40 Largest Companies
Infrastructure companies also fared well, powered by an increase in state spending on roads, ports and airports as well as rising construction demand for homes and businesses. The government estimates it will need close to $500 billion over the next five years to ramp up infrastructure, a key roadblock to the growth of the economy, which rose 9.4% for the year ending on March 31.
Larsen and Toubro, India's largest engineering company, which won a $1.4 billion contract this month to modernize an overcrowded airport in Mumbai, came in at No. 15, a seven-point jump from last year. Capital goods business Bharat Heavy Electricals gained 10 spots to No. 13. India's largest real estate developer by value, DLF, was a new entrant, at No. 26. The New Delhi-based company raised a record $2.5 billion in an initial public offering in June. Real estate business Unitech is another newbie, at No. 36. Construction company Grasim Industries moved up seven spots to No. 27.
Another sector that grew at a gallop this year was telecom. India is now the world's fastest-growing telecom market, adding around 7 million subscribers every month. Market leader Bharti Airtel was at No. 9 on the list, up two spots from last year. New entrant Reliance Communications was at No. 10. Both firms are investing billions of dollars to expand networks, especially in untapped rural areas.
Software services companies, for several quarters the darlings of domestic investors as outsourcing from the West multiplied their profits, lost a little shimmer this year. A rupee that appreciated around 12% against the U.S. dollar since January cut into revenues from their main market of North America. Rising wages and high attrition costs compounded the woes.
India's largest software services company, Tata Consultancy Services (other-otc: TACSF - news - people ), fell two spots to No. 11. Wipro (nyse: WIT - news - people ) came in at No. 16, compared with its No. 12 ranking last year. But Bangalore-based Infosys Technologies (nasdaq: INFY - news - people ) managed to hold its own, gaining one spot to No. 14 on the list.
Another casualty of the rupee's appreciation: Adani Exports, No. 37 last year, fell off this year's list, replaced by newcomer Central Bank of India.
Automobile companies haven't had a stellar year either. The central bank's tightening monetary policy prompted banks to increase interest rates, cutting into the markets for heavy commercial vehicles (between eight and 35 tons) and passenger cars that are financed mainly by loans.
Bajaj Auto dropped off this year's list, while India's largest carmaker Maruti Udyog fell one spot to 31. Tata Motors (nyse: TTM - news - people ), which controls 65% of the commercial vehicle market, was at No. 22, compared with its ranking at No. 10 last time. Truck maker Mahindra and Mahindra fell five spots to No. 33.
Despite the sector setbacks, this year's India 40 list tells the story of a flourishing economy consolidating its position on the global map. And with a domestic market place of a billion-plus people, 60% of them under 30 years old, the boom is unlikely to falter anytime soon.
We ranked the 40 largest companies headquartered out of India using Thomson Financial's Worldscope database. They were judged on sales, profits, net assets and market value--each metric equally weighted. We excluded publicly traded subsidiaries with greater than 50% ownership of company stock and/or figures consolidated by the parent company from the rankings.
In Pictures: India's 40 Largest Companies
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.forbes.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Forbes, USA
Mumbai, India -
Around the start of every winter, Indians worship the goddess of wealth, Lakshmi, as part of their biggest festival, Diwali. This year, some of the companies on our India 40 list had plenty of reason to celebrate, with their market capitalization as much as tripling in a stellar bull run. Infrastructure, energy and banking companies dominated the rankings, as demand boomed in these sectors.
India's largest company by market value and our list-topper Reliance Industries saw its market capitalization go from $30.7 billion since the last list to $91.54 billion this year. The company run by billionaire Mukesh Ambani had a more modest rise in assets, from $21.70 billion to $30.67 billion. Oil and Natural Gas Corp.--at second spot--saw market capitalization nearly double to $61.81 billion from $31.4 billion. But its assets rose faster, from $18.6 billion to $33.7 billion.
India's benchmark Sensitive Index (Sensex) has gained 41% this year, as foreign investors pumped around $17 billion into the markets. Domestic companies are seeing strong growth as a rapidly expanding middle class fuels demand for consumer goods and takes bank loans to invest in homes and vehicles. This year, 13 banks made the list, with State Bank of India topping the sector rankings at No. 3. The country's largest private lender, ICICI Bank (nyse: IBN - news - people ), came in a close second at No. 5, up one spot from last year. Others on the list included HDFC Bank (nyse: HDB - news - people ), Canara Bank and Bank of Baroda.
In Pictures: India's 40 Largest Companies
Infrastructure companies also fared well, powered by an increase in state spending on roads, ports and airports as well as rising construction demand for homes and businesses. The government estimates it will need close to $500 billion over the next five years to ramp up infrastructure, a key roadblock to the growth of the economy, which rose 9.4% for the year ending on March 31.
Larsen and Toubro, India's largest engineering company, which won a $1.4 billion contract this month to modernize an overcrowded airport in Mumbai, came in at No. 15, a seven-point jump from last year. Capital goods business Bharat Heavy Electricals gained 10 spots to No. 13. India's largest real estate developer by value, DLF, was a new entrant, at No. 26. The New Delhi-based company raised a record $2.5 billion in an initial public offering in June. Real estate business Unitech is another newbie, at No. 36. Construction company Grasim Industries moved up seven spots to No. 27.
Another sector that grew at a gallop this year was telecom. India is now the world's fastest-growing telecom market, adding around 7 million subscribers every month. Market leader Bharti Airtel was at No. 9 on the list, up two spots from last year. New entrant Reliance Communications was at No. 10. Both firms are investing billions of dollars to expand networks, especially in untapped rural areas.
Software services companies, for several quarters the darlings of domestic investors as outsourcing from the West multiplied their profits, lost a little shimmer this year. A rupee that appreciated around 12% against the U.S. dollar since January cut into revenues from their main market of North America. Rising wages and high attrition costs compounded the woes.
India's largest software services company, Tata Consultancy Services (other-otc: TACSF - news - people ), fell two spots to No. 11. Wipro (nyse: WIT - news - people ) came in at No. 16, compared with its No. 12 ranking last year. But Bangalore-based Infosys Technologies (nasdaq: INFY - news - people ) managed to hold its own, gaining one spot to No. 14 on the list.
Another casualty of the rupee's appreciation: Adani Exports, No. 37 last year, fell off this year's list, replaced by newcomer Central Bank of India.
Automobile companies haven't had a stellar year either. The central bank's tightening monetary policy prompted banks to increase interest rates, cutting into the markets for heavy commercial vehicles (between eight and 35 tons) and passenger cars that are financed mainly by loans.
Bajaj Auto dropped off this year's list, while India's largest carmaker Maruti Udyog fell one spot to 31. Tata Motors (nyse: TTM - news - people ), which controls 65% of the commercial vehicle market, was at No. 22, compared with its ranking at No. 10 last time. Truck maker Mahindra and Mahindra fell five spots to No. 33.
Despite the sector setbacks, this year's India 40 list tells the story of a flourishing economy consolidating its position on the global map. And with a domestic market place of a billion-plus people, 60% of them under 30 years old, the boom is unlikely to falter anytime soon.
We ranked the 40 largest companies headquartered out of India using Thomson Financial's Worldscope database. They were judged on sales, profits, net assets and market value--each metric equally weighted. We excluded publicly traded subsidiaries with greater than 50% ownership of company stock and/or figures consolidated by the parent company from the rankings.
In Pictures: India's 40 Largest Companies
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Labels:
India's 40 Largest Companies: Forbes,
USA
Sensex snaps losing streak, gains 298 pts at close
Frenzied buying in bank, capital goods, power and metal stocks enabled the market to snap its six session losing streak today. The opening was anything but firm and price movements till around noon remained quite listless with participants appearing somewhat clueless about the market's direction.
However, as buying gathered steam in afternoon trade on reports that the Left front may allow the government to negotiate safeguards for a civilian nuclear agreement with the US, stocks cutting across sectors rallied higher. Information technology majors, which remained highly subdued till mid afternoon, broke free from their lower levels and edged higher. Short-covering after six straight days of losses also buoyed up values of several front line stocks.
The Sensex, which had slipped to a low of 18,636.21 following a weak start, vaulted to a high of 19,210.48 in afternoon trade before it settled at 19,035.48 with a big 1.59% or 298.21 point gain. The Nifty ended with a gain of 1.39% or 78.30 points at 5695.40. In intra-day trades today, the Nifty touched a low of 5591.60 and a high of 5758.85.
NTPC, which ended stronger by 7.4% at Rs 272.25, was the biggest gainer in the Sensex. HDFC Bank closed with a gain of nearly 7% at Rs 1578.50. Larsen & Toubro notched up 4.85%. HDFC ended nearly 3% up. State Bank of India (2.65%), ICICI Bank (2.6%) and Tata Steel (2.2%) ended with handsome gains. Reliance Energy, Reliance Communications, BHEL, Tata Motors and Maruti Suzuki gained 1% - 2%. ACC, Hindustan Unilever and Reliance Industries also closed with smart gains. Bajaj Auto, ONGC, ITC and Grasim Industries ended marginally higher than their previous closing levels.
IT majors Wipro (down 3.55%) and Tata Consultancy Services (down 1.5%) struggled almost right through the session today. Infosys Technologies (down 0.85%), Satyam Computer Services (down 0.6%) did have a bright time this afternoon but failed to retain gains. Mahindra & Mahindra eased by 2.75% to Rs 708.30. Hindalco (down 1.6%), Ambuja Cements (down 0.75%) and Cipla (down 0.7%) closed with sharp losses. Dr. Reddy's Laboratories, Ranbaxy Laboratories and Bharti Airtel also ended weak.
Nifty stock MTNL spurted 6.75%. ABB, Suzlon Energy, ABB, Tata Power, BPCL, Sun Pharmaceuticals, Punjab National Bank, SAIL, Sterlite Industries, Unitech, VSNL and Zee Entertainment also closed with impressive gains. GAIL India, Nalco, GlaxoSmithKline Pharma, HCL Technologies, Siemens, Hero Honda and Reliance Petroleum ended in the negative zone with sharp to moderate losses.
Besides sector heavyweights HDFC Bank, ICICI Bank, State Bank of India and Punjab National Bank, Axis Bank, Bank of India, Bank of Baroda, Indian Overseas Bank, Andhra Bank, Allahabad Bank, Kotak Bank, Corporation Bank, Union Bank of India, Canara Bank, Oriental Bank of Commerce, Indian Bank, IDBI, Vijaya Bank and Bank of Maharashtra also finished on a high note today.
Areva was the biggest gainer from the capital goods index. The stock ended the day with a hefty gain of 13.45%. Alstom Projects vaulted 9.15%. Bharat Electronics gained 7.15%. Lakshmi Machine Works, Kalpataru Power Transmission, Bharat Earth Movers and ABB moved up by 3% - 6%. Crompton Greaves, AIA Engineering, Greaves Cotton, SKF India, Praj Industries and Jyoti Structures also recorded handsome gains.
Torrent Power, Power Grid, Chambal Fertilizers, Welspun Gujarat, Dredging Corporation, Ispat Industries, Jet Airways, Omaxe, Maharashtra Seamless, Punjab Tractors, Gujarat Narmada, Reliance Natural Resources, BF Utilities, Century Textiles, Power Finance Corporation, Bharat Forge, Divi's Laboratories, IVRCL Infrastructure, DLF and Jindal Steel were among the prominent gainers today.
HTMT Global, National Fertilizers, Gujarat Minerals, Apollo Tyres, Hexaware Technologies, MRPL, MphasiS, Cairn India, Thermax, Bongaigaon Refinery, IPCA Laboratories, Balaji Telefilms, Chennai Petroleum Corporation, Patni Computer Services, Sesa Goa and Indian Hotels closed with sharp losses. As several midcap and smallcap stocks also surged higher on strong buying support, the market breadth remained pretty strong today. Out of 2823 stocks traded on BSE, 1859 stocks romped home on a winning note. 898 stocks closed in the negative territory and 66 stocks settled at their previous closing levels. Mirroring the gains posted by midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 2.12% and 1.89% respectively.
The turnover on the National Stock Exchange, at Rs 19,646.96 crore, was higher by over Rs 2,300 crore than what the exchange had recorded yesterday.
• Best company to work in? Microsoft beats Infy
• Indian American is new Adobe president
• Gold records biggest single-day fall...
• Seven businesses you can start tomorrow
• McNally Bharat bags order
• REL, others get 2 coal blocks
• Usha Martin raises capex
• Scrip Scan: Hot picks of the week
Reliance plans foray in TV
• RBI chief calls for greater financial inclusion
• ‘Big jump in outbound deals in last 3 years’
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Corporate/Personailty of the Day
Arvind Raghunathan
Arvind Raghunathan (born 1963) is a Managing Director and Head of Global Arbitrage at Deutsche Bank, where he has worked since 1995. Here, he manages a large part of the bank’s proprietary trading and investments in a variety of global financial instruments. Industry publications have named him several times as one of the world’s top traders.
Born and raised in India, Raghunathan attended the Indian Institute of Technology, Madras (IIT Madras), as a National Science Talent Search scholar. After receiving his engineering degree in 1984, he moved to the United States and obtained a Ph.D. in Computer Science at the University of California, Berkeley in 1988. For the next three years, Raghunathan was Assistant Professor at the Courant Institute of Mathematical Sciences of New York University and the University of California, Davis, where he accomplished fundamental research on computing. During this time, Raghunathan also was a consultant for a number of corporations, including IBM, Hewlett Packard, and Xerox. He was elected as a Fellow of the Institute for Combinatorics in 1991.
For more, Visit: http://en.wikipedia.org/wiki/Arvind_Raghunathan
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.
Arvind Raghunathan (born 1963) is a Managing Director and Head of Global Arbitrage at Deutsche Bank, where he has worked since 1995. Here, he manages a large part of the bank’s proprietary trading and investments in a variety of global financial instruments. Industry publications have named him several times as one of the world’s top traders.
Born and raised in India, Raghunathan attended the Indian Institute of Technology, Madras (IIT Madras), as a National Science Talent Search scholar. After receiving his engineering degree in 1984, he moved to the United States and obtained a Ph.D. in Computer Science at the University of California, Berkeley in 1988. For the next three years, Raghunathan was Assistant Professor at the Courant Institute of Mathematical Sciences of New York University and the University of California, Davis, where he accomplished fundamental research on computing. During this time, Raghunathan also was a consultant for a number of corporations, including IBM, Hewlett Packard, and Xerox. He was elected as a Fellow of the Institute for Combinatorics in 1991.
For more, Visit: http://en.wikipedia.org/wiki/Arvind_Raghunathan
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Labels:
Corporate/Personailty of the Day
12 November 2007
VC Updates from VCCircle.Com, Indiape.Com
VCCircle.Com
ICICI Venture Invests $10 Million In RG Stone Urological Research Institute
Exclusive: Sequoia Invests In In-Store Media Company DSN
Mallya May Sell A Minority Stake In United Spirits To Diageo: Report
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Indiape.Com
Matrix Partners India expands fund to $450 million
M&As, PE deals total $63.5 billion till Oct
Diageo eyeing stake in United Spirits
Indiaco Ventures acquires 20.83% stake in Laser Cosmetics Pvt Ltd
ICICI Venture invests US $ 10 million in RG Stone Urological Research Institute
Mittal eyes 50% stake in HPCL subsidiary
Lehman Brothers to pick up 10% in Ramky for $100 mn
Baseline to invest $100 mn in India
Sweden's Securitas buys stake in India's Walsons
PE investors pour money into virgin sectors
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ICICI Venture Invests $10 Million In RG Stone Urological Research Institute
Exclusive: Sequoia Invests In In-Store Media Company DSN
Mallya May Sell A Minority Stake In United Spirits To Diageo: Report
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Indiape.Com
Matrix Partners India expands fund to $450 million
M&As, PE deals total $63.5 billion till Oct
Diageo eyeing stake in United Spirits
Indiaco Ventures acquires 20.83% stake in Laser Cosmetics Pvt Ltd
ICICI Venture invests US $ 10 million in RG Stone Urological Research Institute
Mittal eyes 50% stake in HPCL subsidiary
Lehman Brothers to pick up 10% in Ramky for $100 mn
Baseline to invest $100 mn in India
Sweden's Securitas buys stake in India's Walsons
PE investors pour money into virgin sectors
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Labels:
Indiape.Com,
VC Updates from VCCircle.Com
Corporate Stories from other Leading Sources
Fitch affirms `BBB-` ratings to India with `stable outlook`
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Yahoo Finance
Chidambaram says no steps planned on curbing inflows
Rupee down as weak stocks raise outflow fears
FMC head seeks end to ban on four commodities
Jindal Steel board to consider 5-for-1 stock split
BSE says ties up with U.S. Futures Exchange
---------------------------
LiveMint.com
MMTC becomes most valued PSU in terms of Market-cap
RBI nod to use forex for infrastructure projects
GDP growth may stay at 9% for 2007-08: CII
Top 5 IT firms spend $438 mn on training
L&T eyeing $1 bn shipbuilding orders
Areva T&D plans buys in Indian power firms
Ask Mint On Investments
----------------------------
Myiris.Com
HCL Tech becomes Artesia`s consulting alliance partner
Capital goods sector vibrant driven by investment : FM
IVRCL buys an Oil & Gas E&P co
Brokers` Outlook: Market may remain negative
Panoramic Universal acquires 51% stake in Hi-Flyer Travel
Solar Explosives acquires 74% in Navbharat Coalfields
ICRA assigns A1+ rating to Power Grid
Sterlite Optical to invest Rs 1.4 bn to double optical fiber capacity
Reliance MF to launch Infra Fund
Suryachakra Power inks MoU with CGC
ANG Auto board approves buy-back of shares
Ansal Housing eyes Rs 1.5 bn turnover from Ansal Town
Lanco bags Rs 731.8 mn contract from AP Govt.
EPF likely to invest in capital markets
Pioneer Investcorp net surges 2.52 times for Sep`07 qtr
Bihar Tubes inks order with BHEL
Diageo may pick up 10% in United Spirits
Mega Resources hikes stake in Accel Frontline to 10%
Union Bank of India to employ 1,200 personnel
Canara Bank to open 5 branches overseas
KEC International eyes Rs 9 bn overseas orders
Wipro may bid for Capgemini
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.
--------------
Yahoo Finance
Chidambaram says no steps planned on curbing inflows
Rupee down as weak stocks raise outflow fears
FMC head seeks end to ban on four commodities
Jindal Steel board to consider 5-for-1 stock split
BSE says ties up with U.S. Futures Exchange
---------------------------
LiveMint.com
MMTC becomes most valued PSU in terms of Market-cap
RBI nod to use forex for infrastructure projects
GDP growth may stay at 9% for 2007-08: CII
Top 5 IT firms spend $438 mn on training
L&T eyeing $1 bn shipbuilding orders
Areva T&D plans buys in Indian power firms
Ask Mint On Investments
----------------------------
Myiris.Com
HCL Tech becomes Artesia`s consulting alliance partner
Capital goods sector vibrant driven by investment : FM
IVRCL buys an Oil & Gas E&P co
Brokers` Outlook: Market may remain negative
Panoramic Universal acquires 51% stake in Hi-Flyer Travel
Solar Explosives acquires 74% in Navbharat Coalfields
ICRA assigns A1+ rating to Power Grid
Sterlite Optical to invest Rs 1.4 bn to double optical fiber capacity
Reliance MF to launch Infra Fund
Suryachakra Power inks MoU with CGC
ANG Auto board approves buy-back of shares
Ansal Housing eyes Rs 1.5 bn turnover from Ansal Town
Lanco bags Rs 731.8 mn contract from AP Govt.
EPF likely to invest in capital markets
Pioneer Investcorp net surges 2.52 times for Sep`07 qtr
Bihar Tubes inks order with BHEL
Diageo may pick up 10% in United Spirits
Mega Resources hikes stake in Accel Frontline to 10%
Union Bank of India to employ 1,200 personnel
Canara Bank to open 5 branches overseas
KEC International eyes Rs 9 bn overseas orders
Wipro may bid for Capgemini
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Corporate Headlines from ET, MC
Economic Times.Com
Fuel price cap helped trim inflation: Govt
Capital goods sector vibrant; investments to drive economy: FM
High interest rates, strong Re pulls industrial growth down to 6.4 pc
Oil PSUs board rickshaws to keep losses under check
New cos explore opportunities in buoyant oil and gas
Rupee appreciation contributed to fall in inflation: FinMin
Reliance bags Oman deepwater block
Indiaco Ventures buys 20.83% stake in Laser Cosmetics
IVRCL Infra acquires Alkor Petroo
RBI in talks for financing projects
Post-Diwali: Marching towards 21K
Historically, investors generally gain post-Diwali
MMTC becomes most valued PSU
Sterlite Tech announces optic fibre capacity expansion
Finance Ministry's view on SBI fund raising soon
Allianz fund arm keen to enter Indian market
ICICI Venture invests $10 mn in RG Stone Research Inst
Havells sees Rs 2,000 cr revenue in 2007/08
UTI Mutual launches new infrastructure fund
Suryachakra in Chinese tie-up for power project
India's Sept industrial output seen up 9.9% [
Ashok Leyland expects truck sales to revive from Jan
Indiaco Ventures buys 20.83% stake in Laser Cosmetics
OIL eyes 5 more blocks in Africa
40 PEs, others line up for stake in Tatasb tower biz
CII sees negative growth in 17 sectors
Manufacturing sectors take a hit: CII Ascon poll
India's Sept industrial output seen up 9.9%
Consumer durables sector pulls down IIP to 6.4%
Markets continue to draw FII investments
Hot Stocks Platter: Bharti Airtel, Zodiac Clothing, Graphite India and Elgi Equipment
FII scorecard: India's loss is Korea's gain
Easier IPO pricing & disclosure rules likely
TCS launches new solutions for airlines
The subprime aftermath
Sensex as a trademark
IPO Watch: Edelweiss Capital
-----------------------------------------------------
Moneycontrol.Com
Overall macro-economics still strong: FM
BSE IPO to hit mkt before March ’08: Srcs
Post sell off, do these stocks look attractive?
Neyveli Lignite has target of Rs 225
Stocks that brokerage houses are betting on
Markets make meaningful comeback; outperform Asia
Which midcaps is India Infoline positive on?
JPMorgan AMC launches ‘Smaller Companies Fund’
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.
Fuel price cap helped trim inflation: Govt
Capital goods sector vibrant; investments to drive economy: FM
High interest rates, strong Re pulls industrial growth down to 6.4 pc
Oil PSUs board rickshaws to keep losses under check
New cos explore opportunities in buoyant oil and gas
Rupee appreciation contributed to fall in inflation: FinMin
Reliance bags Oman deepwater block
Indiaco Ventures buys 20.83% stake in Laser Cosmetics
IVRCL Infra acquires Alkor Petroo
RBI in talks for financing projects
Post-Diwali: Marching towards 21K
Historically, investors generally gain post-Diwali
MMTC becomes most valued PSU
Sterlite Tech announces optic fibre capacity expansion
Finance Ministry's view on SBI fund raising soon
Allianz fund arm keen to enter Indian market
ICICI Venture invests $10 mn in RG Stone Research Inst
Havells sees Rs 2,000 cr revenue in 2007/08
UTI Mutual launches new infrastructure fund
Suryachakra in Chinese tie-up for power project
India's Sept industrial output seen up 9.9% [
Ashok Leyland expects truck sales to revive from Jan
Indiaco Ventures buys 20.83% stake in Laser Cosmetics
OIL eyes 5 more blocks in Africa
40 PEs, others line up for stake in Tatasb tower biz
CII sees negative growth in 17 sectors
Manufacturing sectors take a hit: CII Ascon poll
India's Sept industrial output seen up 9.9%
Consumer durables sector pulls down IIP to 6.4%
Markets continue to draw FII investments
Hot Stocks Platter: Bharti Airtel, Zodiac Clothing, Graphite India and Elgi Equipment
FII scorecard: India's loss is Korea's gain
Easier IPO pricing & disclosure rules likely
TCS launches new solutions for airlines
The subprime aftermath
Sensex as a trademark
IPO Watch: Edelweiss Capital
-----------------------------------------------------
Moneycontrol.Com
Overall macro-economics still strong: FM
BSE IPO to hit mkt before March ’08: Srcs
Post sell off, do these stocks look attractive?
Neyveli Lignite has target of Rs 225
Stocks that brokerage houses are betting on
Markets make meaningful comeback; outperform Asia
Which midcaps is India Infoline positive on?
JPMorgan AMC launches ‘Smaller Companies Fund’
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Corporate Headlines from ET,
MC
TRAI favours auctioning 3G spectrum
TRAI favours auctioning 3G spectrum
NEW DELHI: Telecom regulator TRAI on Monday favoured auctioning spectrum for third generation (3G) mobile services to firms which already provide second generation (2G) services, a development that could be a setback to new players who wish to offer only the advanced telephony system.
The auction of 3G spectrum should be restricted to existing operators who are already providing 2G services, Telecom Regulatory Authority of India chairman Nripendra Misra said at a FICCI seminar here. The regulator also said entry fees for new mobile licensees in all the circles should be raised as there is good growth potential in the telecom sector. He said it would not be financially viable for new entrants to offer these services as compared to operators who have laid out their infrastructure all across the country.
The 3G services support faster downloads and more data transmission, enabling operators to provide high-end services and broadband. Misra said to maintain a level playing field among the 2G operators, TRAI had not recommended auction of 2G spectrum. Misra said he was hopeful that the government would soon accept TRAI's recommendations on auctioning of spectrum. TRAI in its recommendations on 3G services last year had favoured auctioning of spectrum. It had proposed a base price of Rs 1,400 crore for a national 3G license.
Telecom spectrum to be allotted within a month: Shakeel Ahmed
CHENNAI: The Telecom spectrum will be allotted to various applicants within a month, Union Minister of State for Communication and IT, Shakeel Ahmed said on Monday. "It (spectrum) will be allotted within a month or so," he told reporters when asked about it after a prize distribution ceremony at BSNL here on Monday.
On various charges being reportedly levelled by two telecom majors, Bharti and Reliance over Spectrum allocation, he said, "The government is technology neutral. We will take a proper decision." He also said that the spectrum from Defence will be allotted to telecom players when Defence vacates it. "After all, national security is of primary importance," he added. Earlier, speaking at the function, he said the Indian telecom industry has now overtaken China and become the fastest growing in the world with the lowest tariffs in the whole world.
Other Relates News:
BSNL may award entire 23-m GSM line deal to Ericsson
TDSAT directs industry to be party to spectrum petition
Anil Ambani writes to PM, rails at GSM cos
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NEW DELHI: Telecom regulator TRAI on Monday favoured auctioning spectrum for third generation (3G) mobile services to firms which already provide second generation (2G) services, a development that could be a setback to new players who wish to offer only the advanced telephony system.
The auction of 3G spectrum should be restricted to existing operators who are already providing 2G services, Telecom Regulatory Authority of India chairman Nripendra Misra said at a FICCI seminar here. The regulator also said entry fees for new mobile licensees in all the circles should be raised as there is good growth potential in the telecom sector. He said it would not be financially viable for new entrants to offer these services as compared to operators who have laid out their infrastructure all across the country.
The 3G services support faster downloads and more data transmission, enabling operators to provide high-end services and broadband. Misra said to maintain a level playing field among the 2G operators, TRAI had not recommended auction of 2G spectrum. Misra said he was hopeful that the government would soon accept TRAI's recommendations on auctioning of spectrum. TRAI in its recommendations on 3G services last year had favoured auctioning of spectrum. It had proposed a base price of Rs 1,400 crore for a national 3G license.
Telecom spectrum to be allotted within a month: Shakeel Ahmed
CHENNAI: The Telecom spectrum will be allotted to various applicants within a month, Union Minister of State for Communication and IT, Shakeel Ahmed said on Monday. "It (spectrum) will be allotted within a month or so," he told reporters when asked about it after a prize distribution ceremony at BSNL here on Monday.
On various charges being reportedly levelled by two telecom majors, Bharti and Reliance over Spectrum allocation, he said, "The government is technology neutral. We will take a proper decision." He also said that the spectrum from Defence will be allotted to telecom players when Defence vacates it. "After all, national security is of primary importance," he added. Earlier, speaking at the function, he said the Indian telecom industry has now overtaken China and become the fastest growing in the world with the lowest tariffs in the whole world.
Other Relates News:
BSNL may award entire 23-m GSM line deal to Ericsson
TDSAT directs industry to be party to spectrum petition
Anil Ambani writes to PM, rails at GSM cos
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India heading for 9% growth: Chidambaram
India is heading for a nine per cent growth this year on top of buoyant investments and domestic environment, Finance Minister P Chidambaram said here.
"Aggregate efficiency of both capital and labour and the 35 per cent investment in proportion to the GDP ratio quiet easily translates to about 9 per cent growth," Chidambaram said here.
The Finance Minister, who was replying to questions after delivering the annual Lakshman Kadirgamar Lecture here yesterday, attributed the high foreign exchange reserves of over $250 billion to high capital inflows.
"Capital inflows are very large that is why we have a high foreign exchange reserves," he said.
"If the level of investment in any country is 35 per cent and the country can make gains with capital and labour. I think it is reasonable conclusion that that country will witness very high growth," Chidambaram remarked.
When asked about the "secret mantra" behind the high economic growth being registered by India during the last few years, Chidambaram said "there is no secret to growth. Sound macro economic policies followed anywhere in the world will lead to high growths". "India's growth is led by investment and domestic environment. In fact in the last four years, investment is a prime driver of growth and domestic demand and consumption is a close second. Our investment to GDP ratio is now little over 35 per cent," he said.
According to official estimates, the economy registered a growth rate of 9.3 per cent during the first quarter of FY 2007..
India heading for 9% growth: Chidambaram
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"Aggregate efficiency of both capital and labour and the 35 per cent investment in proportion to the GDP ratio quiet easily translates to about 9 per cent growth," Chidambaram said here.
The Finance Minister, who was replying to questions after delivering the annual Lakshman Kadirgamar Lecture here yesterday, attributed the high foreign exchange reserves of over $250 billion to high capital inflows.
"Capital inflows are very large that is why we have a high foreign exchange reserves," he said.
"If the level of investment in any country is 35 per cent and the country can make gains with capital and labour. I think it is reasonable conclusion that that country will witness very high growth," Chidambaram remarked.
When asked about the "secret mantra" behind the high economic growth being registered by India during the last few years, Chidambaram said "there is no secret to growth. Sound macro economic policies followed anywhere in the world will lead to high growths". "India's growth is led by investment and domestic environment. In fact in the last four years, investment is a prime driver of growth and domestic demand and consumption is a close second. Our investment to GDP ratio is now little over 35 per cent," he said.
According to official estimates, the economy registered a growth rate of 9.3 per cent during the first quarter of FY 2007..
India heading for 9% growth: Chidambaram
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Indian shares fall 6th day, longest streak in 5 yrs
MUMBAI (Reuters) - India's main stock index fell for a sixth straight session on Monday, its longest stretch of losses in almost five years, weighed down by weak world markets and U.S. credit-related worries.
Investors were also disappointed as September industrial output grew at a slower-than-expected 6.4 percent from a year earlier, well below annual growth of 10.7 percent in August and missing market forecasts of 9.9 percent growth.
The 30-share BSE index ended down 0.9 percent, or 170.33 points, at 18,737.27, with 18 of the components falling. It had dropped as much as 3.03 percent in early deals.
It matched the longest falling streak since early March 2003, when it had fallen for six days in a row. The index had fallen 5.4 percent last week and is 7.4 percent off a lifetime high of 20,238.16 hit on Oct. 30.
"One reason for this fall is the global markets and the other one is foreign fund flows -- some selling, some slowdown that we have witnessed in the last one week," said Neeraj Dewan, director at Quantum Securities in New Delhi.
Technology stocks Infosys Technologies, Tata Consultancy, Wipro and Satyam Computer, and index heavyweight Reliance Industries, which together account for more than a quarter of the total weightage in the main index, led the drop.
Foreign inflows have slowed this month after the market regulator curbed the use of participatory notes used by unregistered foreigners to buy Indian shares, while the lingering credit worries in the United States have also weighed.
Data showed foreign portfolio investors have been sellers of around $300 million in the first six sessions in November, trimming their net purchase in 2007 to about $17 billion.
"All eyes will be now on the foreign fund flows. If we see positive figures then a recovery is possible. But I think the pace at which they have invested in the last few months will slow down," Dewan said.
D.D. Sharma, vice-president at local brokerage Anand Rathi Securities, said fresh investment by the foreigners could only be expected in January next year.
"I don't think foreign investors are going to inject fresh funds at this fag end of the year. We will see fresh money only in January. So we are advising to book profit," he said.
Shares in Reliance Industries, India's most-valuable firm, fell 2.2 percent to 2,676.95 rupees. The stock, which hit an all-time high of 3,235 rupees in a special trading session on Friday, had fallen more than 4 percent early on Monday.
Shares in software services firms fell as disappointing news from technology companies in the United States raised concerns that the fallout from the credit crisis was hurting demand from key customers.
Bellwether Infosys lost 3.6 percent to 1,641.95 rupees, its lowest close in almost 1-1/2 years. Sector leader Tata Consultancy fell more than 2 percent, while fourth-largest Satyam lost more than 3 percent.
But top tobacco maker ITC Ltd rose 5.3 percent to 177.85 rupees. Macquarie Securities said on Monday it had raised its 12-month target price on the stock by 12 percent to 225 rupees.
In the broader market, 1,685 losers outpaced 987 gainers on volume of 387.1 million shares.
The 50-share NSE index was down 0.81 percent at 5,617.10.
Elsewhere in the region Karachi's 100-share index rose 1.73 percent to 13,656.25, while Colombo added 0.46 percent to 2,631.43.
STOCKS THAT MOVED:
* Steel maker Ispat Industries Ltd hit a life high of 39.85 rupees before closing 8.2 percent up at 38.95 rupees after 4.44 million shares, or 0.36 percent of the equity, changed hands on the BSE in block deals at between 36.55-38.20 rupees each.
* Suryachakra Power Corp Ltd rose nearly 20 percent to a new high of 33.45 rupees after it tied up with state-run China Guodian Corp for a proposed 1,200 megawatt coal-based project in India. It also tied up coal supplies with Indonesia's Central Korporindo International Tbk for steam coal.
TOP THREE BY VOLUME
* Ispat Industries on 43.8 million shares
* Reliance Natural Resources on 21.9 million shares
* Essar Oil on 15.7 million shares
http://in.news.yahoo.com/071112/137/6n4j6.html
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Investors were also disappointed as September industrial output grew at a slower-than-expected 6.4 percent from a year earlier, well below annual growth of 10.7 percent in August and missing market forecasts of 9.9 percent growth.
The 30-share BSE index ended down 0.9 percent, or 170.33 points, at 18,737.27, with 18 of the components falling. It had dropped as much as 3.03 percent in early deals.
It matched the longest falling streak since early March 2003, when it had fallen for six days in a row. The index had fallen 5.4 percent last week and is 7.4 percent off a lifetime high of 20,238.16 hit on Oct. 30.
"One reason for this fall is the global markets and the other one is foreign fund flows -- some selling, some slowdown that we have witnessed in the last one week," said Neeraj Dewan, director at Quantum Securities in New Delhi.
Technology stocks Infosys Technologies, Tata Consultancy, Wipro and Satyam Computer, and index heavyweight Reliance Industries, which together account for more than a quarter of the total weightage in the main index, led the drop.
Foreign inflows have slowed this month after the market regulator curbed the use of participatory notes used by unregistered foreigners to buy Indian shares, while the lingering credit worries in the United States have also weighed.
Data showed foreign portfolio investors have been sellers of around $300 million in the first six sessions in November, trimming their net purchase in 2007 to about $17 billion.
"All eyes will be now on the foreign fund flows. If we see positive figures then a recovery is possible. But I think the pace at which they have invested in the last few months will slow down," Dewan said.
D.D. Sharma, vice-president at local brokerage Anand Rathi Securities, said fresh investment by the foreigners could only be expected in January next year.
"I don't think foreign investors are going to inject fresh funds at this fag end of the year. We will see fresh money only in January. So we are advising to book profit," he said.
Shares in Reliance Industries, India's most-valuable firm, fell 2.2 percent to 2,676.95 rupees. The stock, which hit an all-time high of 3,235 rupees in a special trading session on Friday, had fallen more than 4 percent early on Monday.
Shares in software services firms fell as disappointing news from technology companies in the United States raised concerns that the fallout from the credit crisis was hurting demand from key customers.
Bellwether Infosys lost 3.6 percent to 1,641.95 rupees, its lowest close in almost 1-1/2 years. Sector leader Tata Consultancy fell more than 2 percent, while fourth-largest Satyam lost more than 3 percent.
But top tobacco maker ITC Ltd rose 5.3 percent to 177.85 rupees. Macquarie Securities said on Monday it had raised its 12-month target price on the stock by 12 percent to 225 rupees.
In the broader market, 1,685 losers outpaced 987 gainers on volume of 387.1 million shares.
The 50-share NSE index was down 0.81 percent at 5,617.10.
Elsewhere in the region Karachi's 100-share index rose 1.73 percent to 13,656.25, while Colombo added 0.46 percent to 2,631.43.
STOCKS THAT MOVED:
* Steel maker Ispat Industries Ltd hit a life high of 39.85 rupees before closing 8.2 percent up at 38.95 rupees after 4.44 million shares, or 0.36 percent of the equity, changed hands on the BSE in block deals at between 36.55-38.20 rupees each.
* Suryachakra Power Corp Ltd rose nearly 20 percent to a new high of 33.45 rupees after it tied up with state-run China Guodian Corp for a proposed 1,200 megawatt coal-based project in India. It also tied up coal supplies with Indonesia's Central Korporindo International Tbk for steam coal.
TOP THREE BY VOLUME
* Ispat Industries on 43.8 million shares
* Reliance Natural Resources on 21.9 million shares
* Essar Oil on 15.7 million shares
http://in.news.yahoo.com/071112/137/6n4j6.html
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Sensex extends losses, ends 170 pts down
Sensex extends losses, ends 170 pts down
A splendid rally in afternoon trade notwithstanding, the Sensex ended in the negative territory with a big loss for the sixth successive session (including the one on November 9, 2007) today. Bank, capital goods, power and metal stocks, among the severely hammered in morning trade, were the ones to bounce back strongly towards the end of the session.
Auto, healthcare and PSU stocks too rebounded smartly. Oil and information technology stocks failed to find support. Select midcap stocks regained lost ground and posted sharp gains.
According to a data released by the government this afternoon, India's industrial output in September 2007 rose 6.4% from a year earlier, sharply lower than annual growth of 10.7% in August 2007 due to sluggish manufacturing and electricity output. Manufacturing production rose 6.6% in September 2007 from a year earlier, compared with a provisional annual growth of 10.4% in August 2007.
While deepening crisis in the US subprime market dented investor confidence in morning trade, short-covering in select blue chip stocks and a recovery in European markets pulled the indices out from lower levels during the final hour of trade.
The Sensex, which crashed by nearly 575 points to 18,333.21 in early trade this morning, ended with a loss of 170.33 points or 0.9% at 18,737.27, around 74 points down from a high of 18,815.11 it touched in late afternoon trade. The Nifty settled at 5617.10, down 0.81% or 46.15 points from its previous closing mark. In intra-day trades today, the Nifty touched a low of 5477.50.
FMCG heavyweights ITC (5.3%) and Hindustan Unilever (2.85%) ruled firm almost right through the session. NTPC powered its way up smartly to record a handsome gain of 5.05%. State Bank of India, which rallied to a high of Rs 2252.90, settled with a gain of 3.45% at Rs 2237.15. Cipla (2.6%), Hindalco (2.3%), Ambuja Cements (1.45%) and Grasim Industries (1.3%) ended on a firm note.
Larsen & Toubro, which tumbled to Rs 3969 in early trade, ended at Rs 4167.302, netting a gain of nearly a per cent. ICICI Bank and Maruti Suzuki closed with modest gains at Rs 1146.65 and Rs 993.20 respectively. Nifty stock Siemens notched up a gain of 3.25%. SAIL moved up by around 2.3%. Punjab National Bank, Sun Pharmaceuticals, Unitech, Tata Power, Nalco and GlaxoSmithKline Pharma ended with sharp to moderate gains.
ONGC, the biggest loser from the Sensex pack, eased by as much as 4.75%. Bharti Airtel closed with a loss of 4.25%. HDFC Bank lost a little over 4%. Infosys Technologies (down 3.6%), Satyam Computer Services (down 3.2%), Mahindra & Mahindra (down 3.15%), Bajaj Auto (down 2.8%), Tata Steel (down 2.25%), Tata Consultancy Services (down 2.2%), Reliance Industries (down 2.15%) and Reliance Communications (down 2.05%) went down sharply.
ACC, Tata Motors, BHEL, Ranbaxy Laboratories and Reliance Energy lost 1% - 2% from their previous closing levels. Wipro ended with a loss of a little over half a per cent. HDFC, which moved in a tight band today, closed 0.4% down at Rs 2512.60. GAIL India, Hindustan Petroleum Corporation, Sterlite Industries, Reliance Petroleum, ABB, MTNL, HCL Technologies, Suzlon Energy, Zee Entertainment, BPCL and VSNL finished with sharp losses today.
Neyveli Lignite Corporation vaulted 16.55% to Rs 194.70. Mangalore Refineries & Petrochemicals zoomed 14.45% to Rs 99.20. Essar Oil jumped nearly 11.5%. i-Flex Solutions posted a hefty gain of 9.45%. Mirc Electronics, Welspun Gujarat, HMT, Balaji Telefilms, Ispat Industries, IDFC, Bongaigaon Refinery and iGate Global Solutions moved up by 6% - 9% today.
Century Textiles, Chennai Petroleum Corporation, Syndicate Bank, Aban Offshore, Jindal Steel, IDBI, Sesa Goa, Tata Chemicals, Dish TV, Balrampur Chini, Bajaj Hindustan, Sintex Industries, Biocon, JP Hydropower, Tanla Solutions and IFCI were among the other prominent gainers today.
Lanco Infratech, United Phosphorus, Bank of India, Puravankara Projects, Asian Paints, Jet Airways, DLF, ING Vysya Bank, Pidilite Industries, Century Enka, Cadila Healthcare, IPCA Laboratories, Union Bank of India, Aditya Birla Nuvo, Nicholas Piramal and Arvind Mills ended with sharp losses. The market breadth, despite some strong buying in late afternoon trade, remained weak. Out of 2768 stocks traded on BSE today, 1697 stocks ended in the negative territory. 1017 stocks closed on a positive note and 54 stocks ended unchanged from their previous closing levels.
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A splendid rally in afternoon trade notwithstanding, the Sensex ended in the negative territory with a big loss for the sixth successive session (including the one on November 9, 2007) today. Bank, capital goods, power and metal stocks, among the severely hammered in morning trade, were the ones to bounce back strongly towards the end of the session.
Auto, healthcare and PSU stocks too rebounded smartly. Oil and information technology stocks failed to find support. Select midcap stocks regained lost ground and posted sharp gains.
According to a data released by the government this afternoon, India's industrial output in September 2007 rose 6.4% from a year earlier, sharply lower than annual growth of 10.7% in August 2007 due to sluggish manufacturing and electricity output. Manufacturing production rose 6.6% in September 2007 from a year earlier, compared with a provisional annual growth of 10.4% in August 2007.
While deepening crisis in the US subprime market dented investor confidence in morning trade, short-covering in select blue chip stocks and a recovery in European markets pulled the indices out from lower levels during the final hour of trade.
The Sensex, which crashed by nearly 575 points to 18,333.21 in early trade this morning, ended with a loss of 170.33 points or 0.9% at 18,737.27, around 74 points down from a high of 18,815.11 it touched in late afternoon trade. The Nifty settled at 5617.10, down 0.81% or 46.15 points from its previous closing mark. In intra-day trades today, the Nifty touched a low of 5477.50.
FMCG heavyweights ITC (5.3%) and Hindustan Unilever (2.85%) ruled firm almost right through the session. NTPC powered its way up smartly to record a handsome gain of 5.05%. State Bank of India, which rallied to a high of Rs 2252.90, settled with a gain of 3.45% at Rs 2237.15. Cipla (2.6%), Hindalco (2.3%), Ambuja Cements (1.45%) and Grasim Industries (1.3%) ended on a firm note.
Larsen & Toubro, which tumbled to Rs 3969 in early trade, ended at Rs 4167.302, netting a gain of nearly a per cent. ICICI Bank and Maruti Suzuki closed with modest gains at Rs 1146.65 and Rs 993.20 respectively. Nifty stock Siemens notched up a gain of 3.25%. SAIL moved up by around 2.3%. Punjab National Bank, Sun Pharmaceuticals, Unitech, Tata Power, Nalco and GlaxoSmithKline Pharma ended with sharp to moderate gains.
ONGC, the biggest loser from the Sensex pack, eased by as much as 4.75%. Bharti Airtel closed with a loss of 4.25%. HDFC Bank lost a little over 4%. Infosys Technologies (down 3.6%), Satyam Computer Services (down 3.2%), Mahindra & Mahindra (down 3.15%), Bajaj Auto (down 2.8%), Tata Steel (down 2.25%), Tata Consultancy Services (down 2.2%), Reliance Industries (down 2.15%) and Reliance Communications (down 2.05%) went down sharply.
ACC, Tata Motors, BHEL, Ranbaxy Laboratories and Reliance Energy lost 1% - 2% from their previous closing levels. Wipro ended with a loss of a little over half a per cent. HDFC, which moved in a tight band today, closed 0.4% down at Rs 2512.60. GAIL India, Hindustan Petroleum Corporation, Sterlite Industries, Reliance Petroleum, ABB, MTNL, HCL Technologies, Suzlon Energy, Zee Entertainment, BPCL and VSNL finished with sharp losses today.
Neyveli Lignite Corporation vaulted 16.55% to Rs 194.70. Mangalore Refineries & Petrochemicals zoomed 14.45% to Rs 99.20. Essar Oil jumped nearly 11.5%. i-Flex Solutions posted a hefty gain of 9.45%. Mirc Electronics, Welspun Gujarat, HMT, Balaji Telefilms, Ispat Industries, IDFC, Bongaigaon Refinery and iGate Global Solutions moved up by 6% - 9% today.
Century Textiles, Chennai Petroleum Corporation, Syndicate Bank, Aban Offshore, Jindal Steel, IDBI, Sesa Goa, Tata Chemicals, Dish TV, Balrampur Chini, Bajaj Hindustan, Sintex Industries, Biocon, JP Hydropower, Tanla Solutions and IFCI were among the other prominent gainers today.
Lanco Infratech, United Phosphorus, Bank of India, Puravankara Projects, Asian Paints, Jet Airways, DLF, ING Vysya Bank, Pidilite Industries, Century Enka, Cadila Healthcare, IPCA Laboratories, Union Bank of India, Aditya Birla Nuvo, Nicholas Piramal and Arvind Mills ended with sharp losses. The market breadth, despite some strong buying in late afternoon trade, remained weak. Out of 2768 stocks traded on BSE today, 1697 stocks ended in the negative territory. 1017 stocks closed on a positive note and 54 stocks ended unchanged from their previous closing levels.
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ends 170 pts down,
Sensex extends losses
Corporate/Personailty of the Day
Victor Menezes
Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.
For more, Visit: http://en.wikipedia.org/wiki/Victor_Menezes
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Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.
For more, Visit: http://en.wikipedia.org/wiki/Victor_Menezes
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Labels:
Corporate/Personailty of the Day
11 November 2007
Sundaram Energy Oppor. (G) Fund
Profile
Issue Open 12-Nov-2007
Issue Close 11-Dec-2007
Scheme Objective
Sundaram Energy Oppor. (G)
Sundaram BNP Paribas Select Thematic Funds Energy Opportunities, is a thematic close-end equity scheme. The investment objective of the Scheme would be to seek long term capital appreciation by investing primarily in the equity and equity related instruments of companies in the domestic market that predominantly focus on or benefit from, directly or indirectly, the opportunities and developments in the energy sector.
Mutual Fund Family
Sundaram BNP Paribas Asset Mgmt. Co Ltd
Fund Class
Equity - Others
Fund Type
Close-Ended
Investment plan
Growth
Fund Manager
S.Krishnakumar
Entry Load
0.00 %
Exit Load
0.00 %
Comment
During the close-end period redemption will be permitted at NAV after deduction of proportionate unamortized initial issue expenses.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.easymf.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Issue Open 12-Nov-2007
Issue Close 11-Dec-2007
Scheme Objective
Sundaram Energy Oppor. (G)
Sundaram BNP Paribas Select Thematic Funds Energy Opportunities, is a thematic close-end equity scheme. The investment objective of the Scheme would be to seek long term capital appreciation by investing primarily in the equity and equity related instruments of companies in the domestic market that predominantly focus on or benefit from, directly or indirectly, the opportunities and developments in the energy sector.
Mutual Fund Family
Sundaram BNP Paribas Asset Mgmt. Co Ltd
Fund Class
Equity - Others
Fund Type
Close-Ended
Investment plan
Growth
Fund Manager
S.Krishnakumar
Entry Load
0.00 %
Exit Load
0.00 %
Comment
During the close-end period redemption will be permitted at NAV after deduction of proportionate unamortized initial issue expenses.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.easymf.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
Sundaram Energy Oppor. (G) Fund
B-School News from Coolavenues.Com
Finance / Consulting Assignments Popular Choice of Students at XLRI Summer Placements
The Summer Placement Process at XLRI was a resounding success, with the crème-de-la-crème of the corporate world vying for the best talents of this country. The profiles offered varied from Hedge Funds to Retail Banking, Strategy Consulting to Human Resources, and Branding to Operations.
With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the Batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers. Other premier recruiters include Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo!, etc.
XLRI makes Inroads into Finance & Economics
XLRI's core strength lies in its fundamentals of faculty and student quality. XLRI today boasts of a faculty size of twenty in the area of Finance and Economics, which is unrivalled across B-school campuses in India. This long-term vision of XLRI has produced excellent results in terms of the recruiters visiting XLRI such as Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the premier traditional recruiters like J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. 27% of the students signed out with offers from the Finance sector.
Top Consults Prefer XLRI
XLRI strengthened its relationships with the Consulting Prima Donnas with 21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. The consulting clique was further enriched by the esteemed additions of PricewaterhouseCoopers and Tishman Speyers International Consulting.
The Place to be for Marketing Professionals
XLRI's proven track record as an FMCG favourite was reinforced by the active participation of top organizations - Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser. 37% of the students signed out with offers from FMCG / Manufacturing firms.
For more, Visit: http://www.coolavenues.com/bschools/071105/xlri-summers-1.php
-----------------------------------
Placements 2007
With CoolAvenues expanding the scope of its Annual Placements Survey to include FPM / Executive MBA / One-year MBA Programs as well, online coverage is going to be much more entensive and exciting... keep checking out this space for latest updates, as Indian B-schools go to placements.
----------------------------------
Admission Alerts!
New! + 2-Year Full-Time PG Programme in Computer Aided Management (PGDCM) at IIM Calcutta
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at K. J. Somaiya Institute, Mumbai
New! + Distance & Open Learning Mgmt Programs by IICT, Lucknow
New! + 1-Year Full-Time PG Program in Business Management at Great Lakes Institute, Chennai
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at S. P. Jain Institute, Mumbai
New! + 2-Year Full-Time Masters in Business Administration - Telecom Management (MBA-TM) at SITM, Pune
New! + 3-Year Part-Time Masters Degree at Welingkar Institute, Mumbai
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The Summer Placement Process at XLRI was a resounding success, with the crème-de-la-crème of the corporate world vying for the best talents of this country. The profiles offered varied from Hedge Funds to Retail Banking, Strategy Consulting to Human Resources, and Branding to Operations.
With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the Batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers. Other premier recruiters include Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo!, etc.
XLRI makes Inroads into Finance & Economics
XLRI's core strength lies in its fundamentals of faculty and student quality. XLRI today boasts of a faculty size of twenty in the area of Finance and Economics, which is unrivalled across B-school campuses in India. This long-term vision of XLRI has produced excellent results in terms of the recruiters visiting XLRI such as Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the premier traditional recruiters like J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. 27% of the students signed out with offers from the Finance sector.
Top Consults Prefer XLRI
XLRI strengthened its relationships with the Consulting Prima Donnas with 21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. The consulting clique was further enriched by the esteemed additions of PricewaterhouseCoopers and Tishman Speyers International Consulting.
The Place to be for Marketing Professionals
XLRI's proven track record as an FMCG favourite was reinforced by the active participation of top organizations - Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser. 37% of the students signed out with offers from FMCG / Manufacturing firms.
For more, Visit: http://www.coolavenues.com/bschools/071105/xlri-summers-1.php
-----------------------------------
Placements 2007
With CoolAvenues expanding the scope of its Annual Placements Survey to include FPM / Executive MBA / One-year MBA Programs as well, online coverage is going to be much more entensive and exciting... keep checking out this space for latest updates, as Indian B-schools go to placements.
----------------------------------
Admission Alerts!
New! + 2-Year Full-Time PG Programme in Computer Aided Management (PGDCM) at IIM Calcutta
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at K. J. Somaiya Institute, Mumbai
New! + Distance & Open Learning Mgmt Programs by IICT, Lucknow
New! + 1-Year Full-Time PG Program in Business Management at Great Lakes Institute, Chennai
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at S. P. Jain Institute, Mumbai
New! + 2-Year Full-Time Masters in Business Administration - Telecom Management (MBA-TM) at SITM, Pune
New! + 3-Year Part-Time Masters Degree at Welingkar Institute, Mumbai
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Business Stories/Articles
The Economic Times.Com
US-listed Indian firms lose $20 bn in mkt value
World Bank ranks India at 39th in global trade logistics
Ambanis rule supreme at Samvat 2064
Stock markets: Where next?
US stocks fell for the third day
Indo-China should tie up for growth
India to be 3rd largest oil importer
Coffee exports dip 14 pc
CII disputes growth claims, says slowdown in 17 sectors
'High crude prices biggest downside risk to economy'
Indian saris, jewellery on display in Islamabad
'Om Shanti Om' beats 'Saawariya' at the box office
Punjab farmers paid Rs 7,171 crore by state agencies
Provident Fund money may find its way to capital market
Ambani brothers to thrash out gas deal across table
Google to acquire 30 pc stake in seed-stage fund (
Four Bajaj Hindusthan sugar mills to go on-stream soon
KEC eyes Rs 900-cr overseas business in next 2 months
------------------------------
BusinessLine.in
Strong rupee, competition weaken pharma earnings
‘Farmers get only half the price consumers pay’
India Inc holds on to margins
Reliance Cap, Cummins step into the top fifty stocks
Index Outlook
PVR Ltd: Buy
Nicholas Piramal: Buy
KPIT Cummins: Buy
Prominent bulk deals on NSE & BSE
Fund Update
HDFC Capital Builder: Hold
Birla Infrastructure Fund: Capital goods pruned
Query Corner
Trader's Corner
Bull's Eye
Edelweiss Capital: Invest at cut-offMore
----------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com www.businessline.in for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
US-listed Indian firms lose $20 bn in mkt value
World Bank ranks India at 39th in global trade logistics
Ambanis rule supreme at Samvat 2064
Stock markets: Where next?
US stocks fell for the third day
Indo-China should tie up for growth
India to be 3rd largest oil importer
Coffee exports dip 14 pc
CII disputes growth claims, says slowdown in 17 sectors
'High crude prices biggest downside risk to economy'
Indian saris, jewellery on display in Islamabad
'Om Shanti Om' beats 'Saawariya' at the box office
Punjab farmers paid Rs 7,171 crore by state agencies
Provident Fund money may find its way to capital market
Ambani brothers to thrash out gas deal across table
Google to acquire 30 pc stake in seed-stage fund (
Four Bajaj Hindusthan sugar mills to go on-stream soon
KEC eyes Rs 900-cr overseas business in next 2 months
------------------------------
BusinessLine.in
Strong rupee, competition weaken pharma earnings
‘Farmers get only half the price consumers pay’
India Inc holds on to margins
Reliance Cap, Cummins step into the top fifty stocks
Index Outlook
PVR Ltd: Buy
Nicholas Piramal: Buy
KPIT Cummins: Buy
Prominent bulk deals on NSE & BSE
Fund Update
HDFC Capital Builder: Hold
Birla Infrastructure Fund: Capital goods pruned
Query Corner
Trader's Corner
Bull's Eye
Edelweiss Capital: Invest at cut-offMore
----------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com www.businessline.in for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
BSE Launches 'BSE Power Index'
In the continued efforts of providing quality benchmarks, BSE announces launch of ‘BSE Power Index’ on the eve of ‘Festival of Light’. The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipments required for power generation.
The Salient features of BSE Power index are as follows:Base Date: January 3, 2005Base Index Value: 1000Calculation Methodology: Free-float MethodologyNo. of Scrips on launch date: 14Historical Values: Available since January 3, 2005This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.
The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively.
These 3 stocks together forms almost 50% weightage of the index.The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective November 9, 2007.Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.
Source: Equity Bulls
Posted On: 11/9/2007 10:53:35 AM
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.equitybulls.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The Salient features of BSE Power index are as follows:Base Date: January 3, 2005Base Index Value: 1000Calculation Methodology: Free-float MethodologyNo. of Scrips on launch date: 14Historical Values: Available since January 3, 2005This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.
The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively.
These 3 stocks together forms almost 50% weightage of the index.The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective November 9, 2007.Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.
Source: Equity Bulls
Posted On: 11/9/2007 10:53:35 AM
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.equitybulls.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
BSE Launches 'BSE Power Index'
Job alerts and blog roundup
Financial Openings in Ernst and Young,India
Opportunities exist in:
Direct & Indirect Tax
SOX Compliance
Due Diligence
Send resume to:careers.ey@in.ey.com with subject line as:Feedback from ey.com
For more information visit company site at:http://www.ey.com/global/content.nsf/India/Careers
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Su-Raj Diamonds & Jewellery Ltd-
Low Price High Potential Stock
Company:Su-Raj Diamonds & Jewellery Ltd.Industry:Diamond Cutting/Precious Metals/Jewellery CMP:56.00 PE Ratio:4.70Recommendation:Performer
--------------------------------------------
Burnpur Cement Limited IPO opens for subscription on 28th
Pyramid Saimira Production Unit IPO by month end
By Bullish Indian
-------------------------------------------
Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.
Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.
Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.
Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors
Further, Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
------------------------------------------
BSE Introduces Online Registration & Electronic Payment Gateway
Sequoia Capital and Hudson Equity to invest in Manappuram General Finance
Himadri Chemicals to issue warrants to Citigroup, promoters
Gujarat NRE Coke to issue securities
Orbit Corporation allots NCDs
KS Oils allots shares for GDR
------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.kpowave.blogspot.com and that authors other blogs and www.equitybulls.com www.bullishindian.com www.bsensedaily.com and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Request viewers to make verification about the information and take own risk/decision in stock buying. Blog is not responsible for any faulty information.
Opportunities exist in:
Direct & Indirect Tax
SOX Compliance
Due Diligence
Send resume to:careers.ey@in.ey.com with subject line as:Feedback from ey.com
For more information visit company site at:http://www.ey.com/global/content.nsf/India/Careers
--------------------------------------
Su-Raj Diamonds & Jewellery Ltd-
Low Price High Potential Stock
Company:Su-Raj Diamonds & Jewellery Ltd.Industry:Diamond Cutting/Precious Metals/Jewellery CMP:56.00 PE Ratio:4.70Recommendation:Performer
--------------------------------------------
Burnpur Cement Limited IPO opens for subscription on 28th
Pyramid Saimira Production Unit IPO by month end
By Bullish Indian
-------------------------------------------
Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.
Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.
Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.
Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors
Further, Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
------------------------------------------
BSE Introduces Online Registration & Electronic Payment Gateway
Sequoia Capital and Hudson Equity to invest in Manappuram General Finance
Himadri Chemicals to issue warrants to Citigroup, promoters
Gujarat NRE Coke to issue securities
Orbit Corporation allots NCDs
KS Oils allots shares for GDR
------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.kpowave.blogspot.com and that authors other blogs and www.equitybulls.com www.bullishindian.com www.bsensedaily.com and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Request viewers to make verification about the information and take own risk/decision in stock buying. Blog is not responsible for any faulty information.
Job alerts from CoolAvenues.Com
10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Opening in Legal Division One of the Fortune 500 Company - A Leading Pharma MNC
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
1 November 2007 - COO A Leading Global MicroFinance Company
----------------------------
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
3 November 2007 - Marketing / Product Managers-Premium Lifestyle / Garment Brand A Top Textile / Retail major
----------------------------
10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
8 November 2007 - SAS Analyst Deloitte & Touche Assurance & Enterprise Risk Services
8 November 2007 - Research Analyst - Telecom One of the Most Reputated Management Consulting Company
8 November 2007 - Equity Research Analyst - Banking / Insurance One of the Biggest Banking & Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Consultant - Banking Domain A Leading Global Management Consulting Company
----------------------------------
1 November 2007 - COO A Leading Global MicroFinance Company
29 October 2007 - Manager - Technology Outsourcing/ Process Migrations A Leading Provider Of Independent Risk Consulting & Internal Audit Services
29 October 2007 - Project Manager- Business Research / Company Profiles A Leading Provider of Online Data
29 October 2007 - VP / COO- Manufacturing/OPS- Garment/Shirts Client of ZodiaAc Group of Consultants
----------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Opening in Legal Division One of the Fortune 500 Company - A Leading Pharma MNC
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
1 November 2007 - COO A Leading Global MicroFinance Company
----------------------------
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
3 November 2007 - Marketing / Product Managers-Premium Lifestyle / Garment Brand A Top Textile / Retail major
----------------------------
10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
8 November 2007 - SAS Analyst Deloitte & Touche Assurance & Enterprise Risk Services
8 November 2007 - Research Analyst - Telecom One of the Most Reputated Management Consulting Company
8 November 2007 - Equity Research Analyst - Banking / Insurance One of the Biggest Banking & Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Consultant - Banking Domain A Leading Global Management Consulting Company
----------------------------------
1 November 2007 - COO A Leading Global MicroFinance Company
29 October 2007 - Manager - Technology Outsourcing/ Process Migrations A Leading Provider Of Independent Risk Consulting & Internal Audit Services
29 October 2007 - Project Manager- Business Research / Company Profiles A Leading Provider of Online Data
29 October 2007 - VP / COO- Manufacturing/OPS- Garment/Shirts Client of ZodiaAc Group of Consultants
----------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
Job alerts from Coolavenues.Com
Weekly Wrap: Sensex tanks 1069 points on global weakness
Amid fresh worries about the subprime market in United States, markets across the globe were stormed by the bears last week (November 5 - 9, 2007). Unable to ward off the marauding bears, the Indian bourses ended all the sessions, including the auspicious Muhurat Session on Friday, on a highly negative note.
With FIIs staying away and domestic mutual funds not stepping in any significantly and the reporting season having ended already, global factors dictated price movements last week. The market exhibited immense volatility as participants chose to book profits at every rise. Stock cutting across sectors felt the heat. The one-hour Muhurat session on Friday proved a valuable extra time for the bears and they knocked off over 150 points from the Sensex by launching a merciless attack on blue chips in the final few minutes.
The Sensex, which lost around 385 points on Monday, went down by 190 points on the next session and extended its loss further on the next two sessions as it drifted down by 111 points and 231 points respectively.
The Muhurat Session saw the Sensex plummet by close to 300 points during the final minutes. The barometer finally ended the special session with a 151 point loss.
While the Sensex ended the week with a massive loss of 1068.63 points or 5.35 per cent at 18,907.60, the Nifty, which settled at 5663.25, recorded a loss of 269.15 points or 4.54 per cent.
The mood was so bearish last week that only a few stocks, Hindalco (7.8 per cent), NTPC (2.8 per cent), Cipla (2.2 per cent), BHEL (2.2 per cent), Reliance Industries (0.8 per cent), ACC (0.6 per cent) and Ambuja Cements (0.2 per cent), among the Sensex components ended on the positive side.
Banking sector heavyweights ICICI Bank (14.1 per cent), HDFC Bank (12.5 per cent) and State Bank of India (4 per cent) and IT majors Infosys Technologies (down 10.7 per cent), Satyam Computer Services (down 7.6 per cent), Wipro (down 6.5 per cent) and Tata Consultancy Services (3.4 per cent) closed with sharp losses.
Telecom stocks Reliance Communications and Bharti Airtel eased by 9.7 per cent and 2.7 per cent respectively. Shares of oil & gas exploration major ONGC (down 9.3 per cent) were hammered and engineering giant Larsen & Toubro (down 7. per cent) went down sharply as well.
Tata Steel, Grasim Industries and HDFC lost 6.7 per cent, 6.5 per cent and 4.9 per cent respectively. Among automobile majors, Tata Motors closed with a loss of 7.8 per cent.
Maruti Suzuki and Mahindra & Mahindra lost 3 per cent and 1.6 per cent respectively. Bajaj Auto ended lower by around 1.2 per cent. ITC (down 3.7 per cent), Dr. Reddy's Laboratories (down 1.5 per cent), Ranbaxy Laboratories (down 1.5 per cent), Hindustan Unilever (down 1.3 per cent) and Reliance Energy (down 0.8 per cent) also finished on a weak note.
Nalco, the biggest gainer among Nifty stocks, shot up by 22.7 per cent to Rs 372.55. GAIL India (17.6 per cent) and Hindustan Petroleum Corporation (11.4 per cent) also had a nice ride up the charts. BPCL closed with a modest gain of 3.4 per cent. HCL Technologies ended marginally higher than its previous week's closing price.
Reliance Petroleum, a big gainer in recent weeks, ended with a huge loss of 17.2 per cent. Siemens lost a little over 9 per cent. SAIL ended 8.1 per cent down. Tata Power, VSNL, MTNL, Unitech, GlaxoSmithKline Pharma, Sterlite Industries, Zee Entertainment and Sun Pharmaceuticals lost 3 per cent - 7 per cent. Suzlon Energy (down 2.5 per cent), Punjab National Bank (down 2.4 per cent), ABB (down 1.7 per cent) and Hero Honda (down 1.6 per cent) also closed with notable losses.
Gujarat Minerals, Ramco Systems, i-Flex Solutions, Geometric Software, Canara Bank, Exide Industries, Mico, Polaris, Hindustan Zinc, LIC Housing Finance, Mastek, IndusInd Bank, Aventis Pharma, United Phosphorus, Kotak Bank, Sterlite Optical Technologies, Essel Propack, Jindal Stainless, Escorts, Hinduja TMT, IDBI and Punjab Tractors were among the prominent losers last week.
Ispat Industries flared up by 33.8 per cent. Neyveli Lignite Corporation (18.5 per cent), Fertilizers & Chemicals (15.1 per cent), Federal Bank (13.4 per cent), Raymond (12.1 per cent), Dena Bank (10.8 per cent) and Dredging Corporation (9.7 per cent) ended with hefty gains. Despite struggling on a couple of sessions, Reliance Natural Resources posted a sharp gain of 7.2 per cent.
National Fertilizers, GSFC, Indian Oil Corporation, Mangalore Refineries & Petrochemicals and Mirc Electronics also closed with smart gains.
All the sectoral indices ended in the red last week. The Bankex, the biggest loser of them all, slipped by as much as 9.15 per cent. The IT index closed with a loss of 8.23 per cent. BSE Teck ended lower by 6.9 per cent. The Metal index lost 4.69 per cent while the Auto, Capital Goods, FMCG and Realty indices eased by 2 per cent - 4 per cent.
The Healthcare index ended nearly 2 per cent down and the indices tracking the performance of consumer durables, oil, power and PSU stocks dropped down by 0.3 per cent - 1 per cent.
Even as several blue chip stocks went down sharply, a number of midcap and smallcap stocks were seen attracting strong buying enquiries. Outperforming the premier indices, the Smallcap barometer recorded a marginal gain of 0.15 per cent. The Midcap index ended with a small loss of 0.1 per cent.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
With FIIs staying away and domestic mutual funds not stepping in any significantly and the reporting season having ended already, global factors dictated price movements last week. The market exhibited immense volatility as participants chose to book profits at every rise. Stock cutting across sectors felt the heat. The one-hour Muhurat session on Friday proved a valuable extra time for the bears and they knocked off over 150 points from the Sensex by launching a merciless attack on blue chips in the final few minutes.
The Sensex, which lost around 385 points on Monday, went down by 190 points on the next session and extended its loss further on the next two sessions as it drifted down by 111 points and 231 points respectively.
The Muhurat Session saw the Sensex plummet by close to 300 points during the final minutes. The barometer finally ended the special session with a 151 point loss.
While the Sensex ended the week with a massive loss of 1068.63 points or 5.35 per cent at 18,907.60, the Nifty, which settled at 5663.25, recorded a loss of 269.15 points or 4.54 per cent.
The mood was so bearish last week that only a few stocks, Hindalco (7.8 per cent), NTPC (2.8 per cent), Cipla (2.2 per cent), BHEL (2.2 per cent), Reliance Industries (0.8 per cent), ACC (0.6 per cent) and Ambuja Cements (0.2 per cent), among the Sensex components ended on the positive side.
Banking sector heavyweights ICICI Bank (14.1 per cent), HDFC Bank (12.5 per cent) and State Bank of India (4 per cent) and IT majors Infosys Technologies (down 10.7 per cent), Satyam Computer Services (down 7.6 per cent), Wipro (down 6.5 per cent) and Tata Consultancy Services (3.4 per cent) closed with sharp losses.
Telecom stocks Reliance Communications and Bharti Airtel eased by 9.7 per cent and 2.7 per cent respectively. Shares of oil & gas exploration major ONGC (down 9.3 per cent) were hammered and engineering giant Larsen & Toubro (down 7. per cent) went down sharply as well.
Tata Steel, Grasim Industries and HDFC lost 6.7 per cent, 6.5 per cent and 4.9 per cent respectively. Among automobile majors, Tata Motors closed with a loss of 7.8 per cent.
Maruti Suzuki and Mahindra & Mahindra lost 3 per cent and 1.6 per cent respectively. Bajaj Auto ended lower by around 1.2 per cent. ITC (down 3.7 per cent), Dr. Reddy's Laboratories (down 1.5 per cent), Ranbaxy Laboratories (down 1.5 per cent), Hindustan Unilever (down 1.3 per cent) and Reliance Energy (down 0.8 per cent) also finished on a weak note.
Nalco, the biggest gainer among Nifty stocks, shot up by 22.7 per cent to Rs 372.55. GAIL India (17.6 per cent) and Hindustan Petroleum Corporation (11.4 per cent) also had a nice ride up the charts. BPCL closed with a modest gain of 3.4 per cent. HCL Technologies ended marginally higher than its previous week's closing price.
Reliance Petroleum, a big gainer in recent weeks, ended with a huge loss of 17.2 per cent. Siemens lost a little over 9 per cent. SAIL ended 8.1 per cent down. Tata Power, VSNL, MTNL, Unitech, GlaxoSmithKline Pharma, Sterlite Industries, Zee Entertainment and Sun Pharmaceuticals lost 3 per cent - 7 per cent. Suzlon Energy (down 2.5 per cent), Punjab National Bank (down 2.4 per cent), ABB (down 1.7 per cent) and Hero Honda (down 1.6 per cent) also closed with notable losses.
Gujarat Minerals, Ramco Systems, i-Flex Solutions, Geometric Software, Canara Bank, Exide Industries, Mico, Polaris, Hindustan Zinc, LIC Housing Finance, Mastek, IndusInd Bank, Aventis Pharma, United Phosphorus, Kotak Bank, Sterlite Optical Technologies, Essel Propack, Jindal Stainless, Escorts, Hinduja TMT, IDBI and Punjab Tractors were among the prominent losers last week.
Ispat Industries flared up by 33.8 per cent. Neyveli Lignite Corporation (18.5 per cent), Fertilizers & Chemicals (15.1 per cent), Federal Bank (13.4 per cent), Raymond (12.1 per cent), Dena Bank (10.8 per cent) and Dredging Corporation (9.7 per cent) ended with hefty gains. Despite struggling on a couple of sessions, Reliance Natural Resources posted a sharp gain of 7.2 per cent.
National Fertilizers, GSFC, Indian Oil Corporation, Mangalore Refineries & Petrochemicals and Mirc Electronics also closed with smart gains.
All the sectoral indices ended in the red last week. The Bankex, the biggest loser of them all, slipped by as much as 9.15 per cent. The IT index closed with a loss of 8.23 per cent. BSE Teck ended lower by 6.9 per cent. The Metal index lost 4.69 per cent while the Auto, Capital Goods, FMCG and Realty indices eased by 2 per cent - 4 per cent.
The Healthcare index ended nearly 2 per cent down and the indices tracking the performance of consumer durables, oil, power and PSU stocks dropped down by 0.3 per cent - 1 per cent.
Even as several blue chip stocks went down sharply, a number of midcap and smallcap stocks were seen attracting strong buying enquiries. Outperforming the premier indices, the Smallcap barometer recorded a marginal gain of 0.15 per cent. The Midcap index ended with a small loss of 0.1 per cent.
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Corporate/Personailty of the Day
Vinod Khosla
Vinod Khosla (born January 28, 1955 in Pune, India[1]) is an Indian-American venture capitalist. He is an influential personality in Silicon Valley. He was one of the co-founders of Sun Microsystems and became a general partner of the venture capital firm Kleiner, Perkins, Caufield & Byers in 1986.
Khosla read about the founding of Intel in Electronic Engineering Times at the age of fourteen and this inspired him to pursue technology as a career. Khosla went on to receive degrees from the IIT Delhi, India (Bachelor of Technology in Electrical Engineering ), Carnegie Mellon University (Masters in Biomedical Engineering), and Stanford Graduate School of Business (MBA).
For more, Visit: http://en.wikipedia.org/wiki/Vinod_Khosla
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.
Vinod Khosla (born January 28, 1955 in Pune, India[1]) is an Indian-American venture capitalist. He is an influential personality in Silicon Valley. He was one of the co-founders of Sun Microsystems and became a general partner of the venture capital firm Kleiner, Perkins, Caufield & Byers in 1986.
Khosla read about the founding of Intel in Electronic Engineering Times at the age of fourteen and this inspired him to pursue technology as a career. Khosla went on to receive degrees from the IIT Delhi, India (Bachelor of Technology in Electrical Engineering ), Carnegie Mellon University (Masters in Biomedical Engineering), and Stanford Graduate School of Business (MBA).
For more, Visit: http://en.wikipedia.org/wiki/Vinod_Khosla
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Corporate/Personailty of the Day
10 November 2007
Other Corporate Stories
Sterlite plans Rs 8000 cr IPO
Vedanta Resources is considering an initial public offering of Sterlite Energy, its Indian energy unit, to raise up to $2 billion to spearhead its push into the country’s power sector. The move comes as the UK-listed group is facing increasing controversy over its human rights and environmental record in India, with Norway this week dropping the mining and metals group from its $350 billion sovereign wealth fund for ethical reasons.
Sterlite Energy, controlled by Sterlite Industries, India’s largest metals and mining company and part of the Vedanta group, is planning to build power projects with total capacity of 10,000 megawatts in the country. Sterlite Industries told the Bombay Stock Exchange this week that it was considering “financing options for these projects, including the issuance of equity and incurrence of debt”.
People familiar with Sterlite’s plans said that, as part of this, it was considering an initial public offering, probably in India, to raise between $1 billion and $2 billion to fund the plan. The move marks a significant diversification for Vedanta into power generation at a time when India is aggressively soliciting funding for the sector. The government estimates India needs to invest $490 billion in the next five years in infrastructure, a large proportion of which will be dedicated to the power sector.
Reliance Energy, a unit of the conglomerate controlled by Anil Ambani, is planning to raise about Rs 12,000 crore in what will be the country’s biggest IPO. Vedanta declined to comment on the plans for an initial public offering. In its statement, Sterlite Industries said it planned to invest in government projects and in its own initiatives. “The majority of these projects, if awarded and approved, are expected to be commissioned over the next five years,” it said.
But Vedanta will have to deal with concerns from international investors following the move by Norway’s Government Pension Fund – Global, known as the “oil fund”, to bar investment in Vedanta, Sterlite Industries and another unit Madras Aluminium Company. Norway’s finance ministry said: “The fund runs an unacceptable risk of contributing to severe environmental damages and serious or systematic violations of human rights by continuing to invest in the company.”
Last month, thousands of Indian tribal people protested against a Vedanta alumina refinery being set up in Lanjigarh, in the eastern state of Orissa. Vedanta on Thursday declined to comment, saying the the Landijargh case was sub judice in the Indian courts.
But the company said it upheld the highest standards of corporate social responsibility.
---------------------------------------
Moneycontrol.Com
Sensex gains 50%
Birla Power Solutions zooms to new high -
Gitanjali Gems shine up 7.4%
BSE launches BSE Power Index with 14 stocks
Sharp decline in MF NAVs as mkts end on weak note
Be careful about RPL, RNRL: Suri -
Invest in fundamentally strong stocks: Enam Sec -
Blockbuster weekend: OSO vs Saawariya
RIL awarded OG contract in Kurdistan Region of Iraq
----------------------------
Myiris.Com
INOX Leisure opens new multiplex at Lucknow
Weekly wrap up: Gilt yields edge up on hike in MSS ceiling to Rs 25 tn
11th Plan aims average growth rate of 9%
Bank credit up 22.5%
Wrap Up: Market ends 150 pts down in `Muhurat Trading`
SAIL to ink pact with Railways for rail link
Inflation falls to 2.97% on low prices of primary articles
---------------------------
Rediff.Com
Dealing with goons on the Internet
Samvat 2063: Investors had a blast
----------------------------
Others:
Coal: A viable alternative
Samvat 2064 starts on a subdued note
Vedanta plans up to $2 bln IPO for Indian unit-report
Blackstone invests Rs 255 cr in MTAR for 26% stake
Rel Power may win AP ultra mega project
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.
Vedanta Resources is considering an initial public offering of Sterlite Energy, its Indian energy unit, to raise up to $2 billion to spearhead its push into the country’s power sector. The move comes as the UK-listed group is facing increasing controversy over its human rights and environmental record in India, with Norway this week dropping the mining and metals group from its $350 billion sovereign wealth fund for ethical reasons.
Sterlite Energy, controlled by Sterlite Industries, India’s largest metals and mining company and part of the Vedanta group, is planning to build power projects with total capacity of 10,000 megawatts in the country. Sterlite Industries told the Bombay Stock Exchange this week that it was considering “financing options for these projects, including the issuance of equity and incurrence of debt”.
People familiar with Sterlite’s plans said that, as part of this, it was considering an initial public offering, probably in India, to raise between $1 billion and $2 billion to fund the plan. The move marks a significant diversification for Vedanta into power generation at a time when India is aggressively soliciting funding for the sector. The government estimates India needs to invest $490 billion in the next five years in infrastructure, a large proportion of which will be dedicated to the power sector.
Reliance Energy, a unit of the conglomerate controlled by Anil Ambani, is planning to raise about Rs 12,000 crore in what will be the country’s biggest IPO. Vedanta declined to comment on the plans for an initial public offering. In its statement, Sterlite Industries said it planned to invest in government projects and in its own initiatives. “The majority of these projects, if awarded and approved, are expected to be commissioned over the next five years,” it said.
But Vedanta will have to deal with concerns from international investors following the move by Norway’s Government Pension Fund – Global, known as the “oil fund”, to bar investment in Vedanta, Sterlite Industries and another unit Madras Aluminium Company. Norway’s finance ministry said: “The fund runs an unacceptable risk of contributing to severe environmental damages and serious or systematic violations of human rights by continuing to invest in the company.”
Last month, thousands of Indian tribal people protested against a Vedanta alumina refinery being set up in Lanjigarh, in the eastern state of Orissa. Vedanta on Thursday declined to comment, saying the the Landijargh case was sub judice in the Indian courts.
But the company said it upheld the highest standards of corporate social responsibility.
---------------------------------------
Moneycontrol.Com
Sensex gains 50%
Birla Power Solutions zooms to new high -
Gitanjali Gems shine up 7.4%
BSE launches BSE Power Index with 14 stocks
Sharp decline in MF NAVs as mkts end on weak note
Be careful about RPL, RNRL: Suri -
Invest in fundamentally strong stocks: Enam Sec -
Blockbuster weekend: OSO vs Saawariya
RIL awarded OG contract in Kurdistan Region of Iraq
----------------------------
Myiris.Com
INOX Leisure opens new multiplex at Lucknow
Weekly wrap up: Gilt yields edge up on hike in MSS ceiling to Rs 25 tn
11th Plan aims average growth rate of 9%
Bank credit up 22.5%
Wrap Up: Market ends 150 pts down in `Muhurat Trading`
SAIL to ink pact with Railways for rail link
Inflation falls to 2.97% on low prices of primary articles
---------------------------
Rediff.Com
Dealing with goons on the Internet
Samvat 2063: Investors had a blast
----------------------------
Others:
Coal: A viable alternative
Samvat 2064 starts on a subdued note
Vedanta plans up to $2 bln IPO for Indian unit-report
Blackstone invests Rs 255 cr in MTAR for 26% stake
Rel Power may win AP ultra mega project
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.
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