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15 November 2007

Economic Times Stories

For the fourth year L N Mittal is the richest Indian
Mumbaikars beat Delhiites in new billionaires list

Over 20 Sensex stocks have unnoticed upsides
Talent crunch: PEs bet big on education sector
Iraq threatens to bar RIL from future oil contracts
Praful Patel promises 20 new airports by 2008
Oil regulator proposes bidding for laying city gas networks
T-Series drags YouTube.com to court

Networth on Edeweiss Capital IPO
NSDL cuts transaction fees
Govt plans to raise retirement age
RBI comic books to explain economy
L&T consortium bags Rs 580.74 cr order
Edelweiss IPO subscribed nearly 6 times

GE unit picks stake in Sayi Power Energy
Yatra to open 100 'lounges offices' by 2008
GTL acquires Malaysian network firm for $25 mn
Royal Orchid subsidiary acquires hotel for Rs 82 cr
Refex Refrigerants to raise up to Rs 200 cr via FCCBs
Amtek India in technical tie-up with Italy's Teksid

Bharti Airtel, RCOM pump up telecom sector performance
India, China not responsible for price hike: OPEC
SBI is likely to get approval for rights issue shortly
Essar Oil promoters to hike stake
RIL says contracts for Iraqi oil blocks as per law
Indian hospitals attract corporates, private equity

Tata Steel to raise $2.3 bn in rights issue
MindTree buys Purple Vision for $6.5m
Reliance says retail plan on track, plans $5.5 billion investment
GTL acquires ADA Cellworks for $25mn
India's soaring stocks not overvalued: CLSA
Mid-caps steal the show as large-caps ease off
TCS bags contract in Mexico worth over $200 mn

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India's 40 Richest : Forbes

India's 40 Richest : Forbes

These are heady times for India's richest. Thanks to a roaring Bombay stock market whose benchmark index was up 53% in the past year, and a strong rupee that appreciated 12%, for the first time all India rich listers are billionaires. In aggregate, their wealth surged to $351 billion, a bit more than double last year's $170 billion, making India's 40 by far the wealthiest such group of all in Asia. The four richest Indians are worth an astonishing $180 billion. Together the foursome are worth more than the forty richest Chinese combined. More...

THE LIST :
http://www.forbes.com/home_asia/business/2007/11/13/india-billionaires-richest-biz-07india-cx_nk_1114india_land.html

Top 10 out of 40

Lakshmi Mittal
Mukesh Ambani
Anil Ambani
Kushal Pal Singh
Azim Premji

Sunil Mittal
Shashi & Ravi Ruia
Ramesh Chandra
Kumar Birla
Tulsi Tanti

And more, Visit: http://www.forbes.com/feeds/ap/2007/11/15/ap4342235.html

Related articles: These four Indians are worth $180 billion

The four richest Indians are worth an astonishing $180 billion (Rs 7.1 trillion). Steel tycoon Lakshmi Mittal, who lives in London, is No. 1 again, worth $51 billion (Rs 2 trillion), but Mukesh Ambani, whose Reliance Industries [Get Quote] is India's most valuable company, is quickly closing the gap. His net worth jumped $30.5 billion (Rs 1.2 trillion) to $49 billion (Rs 1.92 trillion), making him the year's biggest gainer. His estranged brother Anil is close on his heels, up $30.2 billion (Rs 1.18 trillion) to $45 billion (Rs 1.76 trillion).

In pictures:
India's 40 richest
The top 10 Indian billionaires

In pictures:
The world's billionaires
Billionaires Asia-Pacific

In pictures:
Fallen billionaires
Billionaire family feuds

We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.rediff.com and 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.

Sensex ends 144 pts down; Oil stocks flare up

NSE
5912.10 -25.80
BSE
19784.89 -144.17

After a volatile and weak start, the Sensex emerged into the positive territory this morning but faltered within the next few minutes as information technology and bank stocks tumbled sharply on selling pressure. Profit taking after yesterday's historic surge and weak global markets rendered the several large cap stocks highly subdued right through the session today.
While the Sensex ended the session with a loss of 144.17 points or 0.72% at 19,784.89, the Nifty closed with a loss of 0.43% or 25.80 points at 5912.10.

Thanks to hectic buying almost right till the end of the session, a number of oil stocks closed with impressive gains. A host of FMCG, fertilizer and realty stocks too finished with handsome gains. Power stocks met with profit taking and dropped down to lower levels. Reliance Energy (down 3.45%), Wipro (down 3.1%), Infosys Technologies (down 3.1%), HDFC Bank (down 2.85%), NTPC (down 2.85%), ICICI Bank (down 2.25%), BHEL (down 1.75%), State Bank of India (down 1.6%), Grasim Industries (down 1.3%), HDFC (down 1.3%) and Tata Motors (down 1.15%) ended with sharp losses.

Pharma majors Cipla, Ranbaxy Laboratories and Dr. Reddy's Laboratories eased by 1.15%, 0.99% and 0.8% respectively. Hindalco lost 0.9%. Reliance Industries and Hindustan Unilever weakened by around half a per cent. Satyam Computer Services, Tata Consultancy Services and Maruti Suzuki ended with marginal losses. ACC, Bajaj Auto and Reliance Communications ended flat.

Bharti Airtel, which zoomed to Rs 922 in intra-day trades, ended with a smart gain of 4.75% at Rs 900.10. ITC closed 3.55% up at Rs 189.65. Mahindra & Mahindra, ONGC, Tata Steel, Ambuja Cements and Larsen & Toubro closed with marginal gains. BPCL and Hindustan Petroleum Corporation vaulted 17.85% and 15.2% respectively. Siemens, VSNL, MTNL, Hero Honda, Suzlon Energy, Zee Entertainment, Unitech, Nalco and SAIL were among the other prominent gainers from the Nifty index.

Tata Power eased by 4.85%. ABB, Punjab National Bank, GAIL India, Reliance Petroleum, Sun Pharmaceuticals and GlaxoSmithKline Pharma also ended on a weak note. Essar Oil (30.5%) was among the most sought after stocks today. Bongaigaon Refinery shot up by 30.15%. Mangalore Refineries & Petrochemicals (22.1%), Chennai Petroleum Corporation (11.85%) and Indian Oil Corporation (10.25%) also moved up strong volumes today.

Among midcap stocks, Motilal Oswal, Essar Steel, Essar Shipping, Hotel Leelaventure, Networth Financial Services, Wire & Wireless, Madras Aluminium, IndusInd Bank, Coromandel Fertilizers, Petronet LNG, Usha Martin, Development Credit Bank, National Fertilizers, Shree Precoated Steels, Mahindra Gesco, Balaji Telefilms, India Infoline and ABG Shipyard were among the top gainers today.

Smallcap stocks Manali Petro, Chemplas Sanmar, Andhra Petro, South Asian Pipes, Gabriel, DCW, Mangalore Chemicals & Fertilizers, DS Kulkarni Developers, Eveready Industries, SREI Infrastructure, Munjal Showa, Indraprastha Medicals, Gujarat Ambuja Exports, Dolphin Offshore, Suraj Diamond, Ciba Specialities and Khaitan Electricals flared up to higher levels.
Though it was a highly negative close for the indices, the market breath remained strong thanks to sustained buying in several midcap and smallcap stocks. Out of 2849 stocks traded on BSE today, 1808 stocks closed with gains. 988 stocks ended in the negative territory and 53 stocks settled at their previous closing levels.

Bankers see stable interest rates

Sify partners with Californian firm

TCS wins $200 m Mexico deal

Silverline Tech gets nod for issue

L&T consortium gets $148 m order

Iraq threatens to bar RIL from future oil contracts.

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.

Corporate/Personailty of the Day

Pradeep Sindhu

Pradeep Sindhu (1953, Mumbai, India) is the serving Chief Technical Officer of Juniper Networks Inc.
Sindhu founded Juniper Networks along with Dennis Ferguson, and Bjorn Liencres in February 1996 in California. The company was subsequently reincorporated in Delaware on March 1998 in and went public on the 25th of June, 1999.
Sindhu was instrumental in the architecture, design, and development of the Juniper M40 while running the company.
Sindhu had worked at the Computer Science Lab of Xerox PARC for 11 years. Sindhu worked on design tools for VLSI and high-speed interconnects for shared-memory multiprocessors.

For more, Visit: http://en.wikipedia.org/wiki/Pradeep_Sindhu

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14 November 2007

About : Fortune Magazine, Forbes Magazine

Fortune (magazine)
http://en.wikipedia.org/wiki/Fortune_Magazine

Fortune magazine is an American business magazine founded by Henry Luce in 1930. His publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner, the world's largest media conglomerate, before it was acquired by AOL in 2000.[1] Its primary competitors in the national business magazine category are Forbes, which is also published bi-weekly, and BusinessWeek. Fortune is currently published by the company's Time Inc. subsidiary. The magazine is especially known for its annual features ranking companies by revenue.
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Fortune 500
http://en.wikipedia.org/wiki/Fortune_500

The Fortune 500 is a ranking of the top 500 American public corporations as measured by gross revenue, although eligible companies are any for which revenues are publicly available (which is a larger universe than "public companies", as the term is commonly understood, meaning "companies having common stock that trades on a stock exchange"). Fortune magazine compiles and publishes the list annually.The Fortune 100 is a frequently used term used to reference the top 100 firms in this same list.The Fortune 1000 refers to the top 1000 firms ranked according to the same methodology.

Fortune Global 500
Fortune 1000

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

Forbes
http://en.wikipedia.org/wiki/Forbes

Forbes is an American publishing and media company. Its flagship publication, Forbes magazine, is published bi-weekly. Its primary competitors in the national business magazine category are Fortune, which is also published bi-weekly, and BusinessWeek. Today the magazine is known for its lists, including its lists of the richest Americans (the Forbes 400) and its list of billionaires.

Forbes Global 2000

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VC Updates from VCCircle.Com, Indiape.Com

VCCIRCLE.Com

CLSA To Boost PE Investments To $3 Billion; To Expand Investment Banking In India
Shriram Transport Finance To Raise Rs 360 Crore From Tiger, Blue Ridge, Kampani

KR Choksey Too Wants To Raise Private Equity
Lok Capital Gets $2.5M From Accion; To Close First Fund At $20M By Jan ‘08

News Roundup: DLF Buys Luxury Spa Amanresorts; Calsoft Picks Up US Firm
Trikona Capital To Raise Rs 1,500 Crore Domestic Real Estate Fund

Guruji May Close Under $10 Million In Series B From Sandstone Capital
Kleiner Perkins To Zero In On Solar, Distributed Generation Space In India

Cafe Coffee Day To Raise $95 Million From DB, Templeton Darby
Kleiner Perkins Takes On Al Gore As Partner; To Up Cleantech Investments

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

INDIAPE.Com

Trikona Capital to raise Rs1,500 cr India realty fund
Footprint Ventures to focus on India-US-Israel triangle

DLF buys Amanresorts for $250 million
VC funds bet on e-learning, digital media firms in October

Private equity investors to take 10% stake in ABCTL’s retail business
Infinity FCS buys 25% in Brazil's Lumiere

We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Blog Roundup

Orient Paper Stock Split

Religare IPO Allotment is out

Kaushalya Infrastructure IPO to open on 20th November

Satra Property 2:1 Bonus issue cleared

Jyothi Laboratories IPO Subscription begins on November 22nd

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Alps Industries Ltd-Low price multibagger stock
Company:Alps Industries Ltd.
Industry:Textiles - General
Recommendation:Outperformer

Greaves Cotton Ltd-Undervalued Stock Pick
Company:Greaves Cotton Ltd
Industry:Engines
Recommendation:Performer

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India Shines

Seven Indian firms among world's 1,250 top R&D investors

Tata Motors, India's most valued automobile firm, and drugmaker Ranbaxy are among the seven Indian firms in the world's top 1,250 companies ranked on the basis of investments in research and development. According to a study by the UK government, the world's top 1,250 R&D investment companies together spent 244 billion pounds ($507 billion) in 2006, up 10 per cent from the previous year.

Companies from the US, Japan, Germany, France and the UK dominated the rankings and contributed 81 per cent of R&D by the G1250, the list of world's biggest investors. In contrast, the seven Indian companies spent just about 557 million dollars on research and development activities. "Firms from India and China have yet to establish themselves as significant players in the G1250, although other evidence suggests that both countries are increasingly important locations for R&D," the British government's Department for Innovation, Universities and Skills said in its "2007 R&D Scoreboard" report, released earlier this week. The study also included a list of top 850 UK firms, whose R&D spending grew by nine per cent to 20.9 billion pounds. The global list of 1,250 companies included 75 UK firms.

Just one Indian company managed a place in top 500, while the top-1000 list included four companies from India. Tata Motors was the top ranked Indian firm (401st; 91.99 million pounds; followed by Ranbaxy (683rd; 45.82 million pounds), Kpit Cummins Infosystems (861; 33.29 million pounds) and Dr Reddy's Labs (971; 28.24 million pounds). Mindtree Consulting (ranked 1,079; 23.84 million pounds), Sun Pharma (1,102; 23.25 million pounds) and Mahindra and Mahindra (1,147; 21.74 million pounds) completed the list of Indian firms.

Three Indians among Europe's 100 power-women bankers

Women are scarce in top echelons of domestic banks, except for a few like ICICI Bank, but the fairer-sex bankers of Indian origin are making it big in the West with three of them being named among 100 most powerful women in the European financial world. Julie Chakraverty, the youngest Managing Director and a board member at Swiss banking giant UBS; Ina De, Europe head of new equity issues at JPMorgan; and Rita Dhut, head of value investments at leading UK fund manager Morley Fund Management have been named among the Europe's most influential bankers by the Financial News weekly in its "FN-100 Women" list. This is despite banking and financial sectors being long considered as a men's territory in India as well as abroad.

In India, there are just about half a dozen women bankers holding top management level positions across various banks, with the country's biggest private sector lender ICICI Bank accounting for more than half of them. Chanda Kochhar was recently promoted as Joint Managing Director at ICICI bank and is being tipped as the next CEO after K V Kamath retires next year. Besides, the bank has Vishakha Mulye as Executive Director of ICICI General Insurance business, Renuka Ramnath as chief of ICICI Ventures and Shikha Sharma heading its life insurance business. Besides ICICI Bank, state-run Central Bank has a women as its Chairman and MD (H A Daruwalla) and mortgage lender HDFC has Renu Karnad as an executive director. "When it comes to success, gender is less of a barrier, as banking and finance, the sectors which were once considered to be a hard-core man's territory has been breached by plenty of fairer sex," Financial News said.

Adobe appoints Shantanu Narayen as its new president

India to be one of the three major economic powerhouses: Ken

Tata's supercomputer Eka is fastest in Asia

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Other Corp.News, International News

ET

Columbia Asia Group, DLFH to develop hospitals
MindTree Consulting acquires TES-Purple Vision
Apr-Oct indirect tax receipts up 11.9% y/y
ArcelorMittal Q3 core profit above expectations
DLF buys Amanresorts for $250 mn
United Spirits to invest Rs 100 cr at Baramati winery

Myiris.Com

Essar Oil`s board to mull further issue of securities
Amtek India inks technical collaboration pact with Teksid
India invites investment for 35 non-metro airports
India invites investment for 35 non-metro airports
MindTree to buy 100% equity stake in TES-PV Electronic
Wrap Up: Bulls have a party

NIIT inks MoU with Key Curriculum Press to launch Math Lab
Orient Paper`s board approves 1:10 stock split
Maytas, Nagarjuna consortium bags 2 airport projects
Active Stock: Valecha Engineering climbs 11% on bagging Rs 1 bn worth projects
CESC bags coal block from Coal ministry
RIL, Essar raise fuel prices

RCF likely to team up with GAIL
DLF to acquire Amanresorts

International News
From ET

Shantanu Narayen to replace Chizen as Adobe CEO
HSBC may hike Q3 write-downs by 83%
Microsoft says to boost investment in Embedded
Qantas to buy 188 new aircraft for Asia push
Airbus says has first order for VIP version of A350
UAE announces new steps to protect rights of foreign workers
Porsche seeks to allay Volkswagen's fears over likely takeover
Spiraling basmati rice prices hit Kuwaiti families hard
Qualcomm to buy banking technology firm for $210 mn

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Corporate headlines from ET

Economic Times.Com

SEBI approves new derivative products
India's market regulator SEBI said on Wednesday its board has approved launch of several new derivative products to provide investors a wide range of risk mitigation products and create more activity in the onshore market. The products will relate to mini-contracts on equity indices, options with longer life, volatility index and F&O contracts, options on futures, bond indices and F&O contracts, foreign exchange F&O and introduction of exchange-traded products.

"These products are also expected to bring transactions based on private-synthetic products to an exchange-traded transparent mechanism with appropriate regulatory supervision," the Securities and Exchange Board of India said in a statement. The market regulator's committee on derivatives is expected to finalise its recommendations on suitable over-the-exchange derivate products for Indian markets, it said. Currently, the contract value in futures and options (F&O) segment is around Rs 2 lakh.

As the price of a stock goes up, the exchanges read just the contract basket to keep the value in the region of Rs 2 lakh. The government and the regulators are looking at a lower limit of Rs 40,000 to enhance retail participation. Derivatives are financial instruments whose value is derived from the value of the underlying asset. A futures contract gives the holder the obligation to buy or sell. An options contract gives the holder the right, but not the obligation to buy or sell.

Sensex rises 900 points
Asia stocks rebound after US rally
US stocks flies on tech, oil
Sundaram Select Midcap's plays safe
India named among world's 10 most gender-biased economies
Three Indians among Europe's 100 power-women bankers
Market rally makes IT investors richer by Rs 15,000 cr

ECE industry can grow to $12-13 bn by 2015: Mckinsey study
Microsoft launches MS Office Professional 2007
LG posts sales revenue of Rs 1,132 cr during Diwali
India Inc topline slows, margins up in Q2 FY-08: CMIE
HDFC gets Rs 170-cr brand premium from Ergo
Religare ties up with Corporation Bank
ITC eyes Parle's candy business

Tata Coffee eyes Russian brand
JSW Energy to transfer power plant to JSW Steel
GAIL India plans to pick stakes in projects abroad
KEC International gets orders worth Rs 6.37 bn
SAIL to invest Rs 2k cr to set up new units
JSW Steel unit to invest in Tamil Nadu iron ore mines
Siscol to expand capacity, hopes to get mining rights soon

India to become 2nd largest steel producer by FY16: Paswan
RCom in race for Telkom Kenya
Bharti adds 2.03mln customers in Oct-trade
Bharti Airtel favours mobile portability
Number portability not to hit margins: Bharti chief
SpiceJet to raise fares by 5-7 pc
Adani-DP World terminal deal off

India to be one of the three major economic powerhouses: Ken Livingstone
Investors may soon take all shares at Re 1 face value
UTI Securities Technical Call - Unitech, Nagarjuna Fertilizers
Small-caps that rose 48-78% in seven days
Triveni Engg to raise up to Rs 250 crore
Derivatives will soon have 6 new products
MF investors pull out Rs 12,500 crore in Oct

India shining for global PE players
Tata's supercomputer Eka is fastest in Asia

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Performers at Biggest Intraday Gain record

Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change

Rashtriya Chem&Fert.
A
60.10
72.10
+ 19.97
+
HMT Ltd.
A
86.70
104.00
+ 19.95
+
National Alumini
A
367.75
421.85
+ 14.71
+
HDFC Bank
A
1,578.50
1,749.10
+ 10.81
+
Finolex Industri
A
72.45
80.00
+ 10.42
+
Dredging Corpora
A
1,120.80
1,232.85
+ 10.00
+
Fertilisers & Ch
A
32.60
35.85
+ 9.97
+
National Fertili
A
69.20
76.10
+ 9.97
+
Ispat Industries
A
42.40
46.60
+ 9.91
+
Punj. NationlBak
A
549.40
601.35
+ 9.46
+
Hinduja TMT Ltd.
A
410.05
446.60
+ 8.91
+
ICICI Bank
A
1,176.15
1,277.90
+ 8.65
+
Videsh Sanchar N
A
483.55
524.55
+ 8.48
+
CESC Ltd.
A
571.00
618.70
+ 8.35
+
Mangalore Refine
A
96.75
104.80
+ 8.32
+
Jindal Saw
A
747.30
808.60
+ 8.20
+
Oriental Bank of
A
238.10
256.20
+ 7.60
+
Reliance Inds.
A
2,695.85
2,887.50
+ 7.11
+
Hindalco Indus.
A
203.50
217.65
+ 6.95
+
Wipro Ltd
A
441.05
471.20
+ 6.84
+
MICO
A
4,272.80
4,559.60
+ 6.71
+
Bongaigaon Refin
A
75.65
80.65
+ 6.61
+
HDFC
A
2,587.40
2,755.85
+ 6.51
+
Finolex Cables
A
74.85
79.70
+ 6.48
+
Siemens Ltd.
A
1,767.60
1,881.05
+ 6.42
+
JSW Steel
A
883.20
936.80
+ 6.07
+
Shipping Corpn.
A
234.40
248.50
+ 6.02
+
Power Finance Co
A
272.75
288.50
+ 5.77
+
United Phosphorus
A
316.55
334.65
+ 5.72
+
Steel Authority
A
249.75
263.90
+ 5.67
+
MTNL
A
166.05
175.35
+ 5.60
+
Reliance Capital
A
2,035.05
2,146.65
+ 5.48
+
Indian Bank
A
163.80
172.70
+ 5.43
+
Bombay Dyeing
A
661.75
697.55
+ 5.41
+
Neyveli Lignite
A
203.15
214.15
+ 5.41
+
BEML Ltd.
A
1,630.15
1,718.25
+ 5.40
+
Sun Pharma.
A
1,078.70
1,135.10
+ 5.23
+
Welspun Gujarat
A
409.45
430.25
+ 5.08
+
Adani Enterprises Lt
A
803.50
843.65
+ 5.00
+
IDFC
A
184.90
194.00
+ 4.92
+
Satyam Computer
A
410.55
430.75
+ 4.92
+
Infosys Techno.
A
1,627.50
1,706.35
+ 4.84

-------------------------------

Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Uttam Galva Steels
B1
49.00
58.80
+ 20.00
+
Indus Fila Ltd.
B1
225.85
271.00
+ 19.99
+
Vindhya Telelink
T
190.55
228.65
+ 19.99
+
KEC Infrastructures
B1
40.80
48.95
+ 19.98
+
S A L Steel
B1
18.12
21.74
+ 19.98
+
SREI Infrastructure
B1
147.40
176.85
+ 19.98
+
Punj. Alkalie
B1
35.05
42.05
+ 19.97
+
Vikash Metal & Power
B1
26.80
32.15
+ 19.96
+
Shah Alloys
B1
54.20
65.00
+ 19.93
+
Gallantt Metal
B1
24.60
29.50
+ 19.92
+
Jagjanani Textiles L
B1
9.49
11.38
+ 19.92
+
Kamdhenu Ispat
B1
31.70
38.00
+ 19.87
+
Pennar Alum.
T
4.28
5.13
+ 19.86
+
Arvind Remedies
B1
1.88
2.25
+ 19.68
+
ITI
B1
59.05
69.05
+ 16.93
+
PNB Gilts Ltd.
B1
23.65
27.55
+ 16.49
+
SB&T International
T
27.10
31.45
+ 16.05
+
GujaratStatePetronet
B1
70.25
80.90
+ 15.16
+
Nitin Spinners
B1
11.34
12.96
+ 14.29
+
Guj. Alkalie & C
B1
189.55
215.65
+ 13.77
+
Saamya Biotech (Indi
B1
16.76
19.03
+ 13.54
+
Deccan Chronicle Hol
B1
173.65
196.65
+ 13.25
+
National Steel & Agr
B1
32.30
36.50
+ 13.00

---------------------------

Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Essar Oil Ltd.
B2
88.50
120.80
+ 36.50
+
Ashirwad Capital
B2
3.90
4.68
+ 20.00
+
Beckons Ind.Ltd
T
6.35
7.62
+ 20.00
+
Cybele Industries Lt
T
15.30
18.36
+ 20.00
+
Himalya Internat
T
17.55
21.06
+ 20.00
+
IndiaNivesh
Z
415.10
498.10
+ 20.00
+
Jayshree Chem.
B2
19.00
22.80
+ 20.00

--------------------------------------------------------------

Company
Current Price
Previous Close
% Change
Volume
H D F C BANK
1749.10
1578.50
10.81
171,025
ICICI BANK
1277.90
1176.15
8.65
552,311
RELIANCE
2887.50
2695.85
7.11
1,921,506
HINDALCO
217.65
203.50
6.95
4,109,635
WIPRO
471.20
441.05
6.84
144,057
HOUS DEV FIN
2755.85
2587.40
6.51
302,457
SATYAM COMPU
430.75
410.55
4.92
429,388
INFOSYS TECH
1706.35
1627.50
4.84
399,879
O N G C
1235.25
1183.30
4.39
350,610
RELIANCE ENR
1920.35
1853.80
3.59
1,255,797
-------------------------------------

NSE Gainers (Nifty)
Company
Current Price
Previous Close
% Change
Volume
NATION ALUM
420.60
369.85
13.72
305,601
H D F C BANK
1752.30
1574.20
11.31
1,191,184
PUNJAB NATIONAL B
601.60
548.65
9.65
2,030,111
ICICI BANK
1278.55
1173.70
8.93
2,860,771
VIDESH SANCH
524.55
482.20
8.78
970,883
HINDALCO
217.75
202.95
7.29
10,795,842
RELIANCE
2888.45
2693.10
7.25
6,131,511
WIPRO
472.95
442.15
6.97
1,057,621
HOUS DEV FIN
2760.95
2581.60
6.95
1,550,417
SIEMENS
1884.05
1770.70
6.40
184,586

We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.rediff.com www.myiris.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Biggest rally by Sensex; up 894 points

Biggest rally by Sensex; up 894 points

Market ends with monster gains: Sensex up 900 pts

Biggest-ever rally for Sensex

The Sensex opened with a positive gap of 302 points at 19,337 on the back of smart gains in the global markets. Unabated buying in the market saw the index rally to higher levels as the day progressed.The Sensex touched a high of 19,988, and finally settled with a huge gain of 894 points (4.7%) at 19,929 -- the biggest-ever single-day gain in absoule terms for the index. Adding the 300-point gain on Tuesday, the index has nearly regained the 1,200 points it had lost in six sessions till Monday. The NSE Nifty ended at 5,938, up 243 points.
BIGGEST SINGLE-DAY GAINS

Date
Close
Prv Cls
Net Chg
% Chg

14-Nov-07
19929.06
19035.48
893.58
4.69

23-Oct-07
18492.84
17613.99
878.85
4.99

09-Oct-07
18280.24
17491.39
788.85
4.51

29-Oct-07
19977.67
19243.17
734.50
3.82

19-Sep-07
16322.75
15669.12
653.63
4.17

15-Oct-07
19058.67
18419.04
639.63
3.47

15-Jun-06
9545.06
8929.44
615.62

6.89The BSE Bankex and the Oil & Gas indices soared 6.5% each to 11,226 and 12,139, respectively. The IT index zoomed 4.5% to 4280, and the Metal index gained 4% at 17,756.The market breadth was fairly positive - out of 2,849 stocks traded, 2,025 advanced, 763 declined and 61 were unchanged on Wednesday.

For more, Visit: http://www.rediff.com/money/2007/nov/14sensex.htm

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Heavyweights vault, lift Sensex up by 894 pts at close

Sensex up by 894 pts at close

NSE
5937.90 242.50
BSE
19929.06 893.58

The bulls, after staging a telling comeback yesterday afternoon, stormed the bourses once again and stamped their supremacy in style today. The resultant surge in prices of blue chip stocks proved so sharp that the benchmark BSE index Sensex, which opened with a positive gap of a little over 300 points, very nearly breached the 20,000 mark this afternoon.

Though it fell short of the coveted figure by a whisker - it hit a high of 19,987.71 in late afternoon trade - the barometer still recorded its biggest ever single day gain (in absolute terms) today. While the Sensex ended the session with a massive gain of 893.58 points or 4.69% at 19,929.06, the National Stock Exchange's 50 stock Nifty index zoomed 4.26% or 242.50 points to 5937.90. It hit a high of 5950.20 this afternoon.

The smart recovery in global markets, the decision of Left parties to soften their stand on the Indo-US nuclear pact and reports from SEBI that a number of prominent overseas investors have been applying for licences to enter the market as FIIs were among the significant factors that triggered a buying spree today.

Barring consumer durables stocks, which remained rather subdued, stocks from all other sectors were seen moving higher and higher as the session progressed today. Mirroring the splendid rise in prices of bank and oil stocks, the Bankex and Oil & Gas indices spurted 6.53% and 6.4% over their previous closing levels.

IT stocks, led by bellwether Infosys Technologies, bounced back from recent losses and posted handsome gains. The BSE IT and Teck indices climbed up 4.51% and 3.83% respectivey. The Metal index surged 4.16%. The Auto, Capital Goods, Power, Realty and PSU indices advanced by 2% - 4% while the FMCG and Healthcare indices firmed up by 1.53% and 1.64% respectively.
HDFC Bank (up 10.85%) was the biggest gainer from the Sensex pack. ICICI Bank closed with a gain of 8.65%. Reliance Industries flared up by 7.15%. Hindalco gained nearly 7%. Wipro, which was a bit sedate to start with, ended with a strong gain of 6.85%.

HDFC ended with a gain of over 6.5%. Satyam Computer Services (4.95%), Infosys Technologies (4.85%), ONGC (4.4%), Reliance Energy (3.6%), Tata Consultancy Services (3.6%), BHEL (3.5%), Maruti Suzuki (3.5%), Bharti Airtel (3.2%), Grasim Industries (3.2%) and Tata Steel (3%) ended with big gains.

Larsen & Toubro shed some points on profit taking, but still ended the day with a handsome gain of 2.85%. ITC (2.75%), Reliance Communications (2.45%), State Bank of India (2.2%), Tata Motors (2.1%), NTPC (1.85%), ACC (1.6%) and Mahindra & Mahindra (1.05%) also ended on a firm note. Ranbaxy Laboratories, Dr. Reddy's Laboratories, Cipla, Ambuja Cements, Bajaj Auto and Hindustan Unilever ended marginally higher than their previous closing levels.

Nalco, which shot up by 13.75%, was the biggest gainer from the Nifty index. Punjab National Bank, VSNL, Siemens, Sun Pharmaceuticals and SAIL gained 6% - 10%. MTNL, Tata Power, Sterlite Industries, Zee Entertainment, Unitech, HCL Technologies, GAIL India, GlaxoSmithKline Pharma, ABB, Suzlon Energy and Hero Honda also closed with impressive gains.

Besides large cap stocks, a number of midcap and smallcap stocks also rallied to higher levels and mirroring widespread buying, the market breadth remained quite strong today. When trade ended, out of a total of 2849 stocks seen in action on BSE, as many as 2025 stocks were up in the positive territory. 763 stocks closed with losses and 61 stocks ended at their previous closing levels.

'India to be a major economic powerhouse'
'Strong rupee slows down production'
JSW Steel unit to invest in TN
DLF buys Amanresorts
Making money online

and more @ www.sify.com/finance

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Corporate/Personailty of the Day

Kanwal Rekhi

Kanwal Rekhi (born 1945) is an Indian-American engineer, businessman and millionaire philanthropist.
Kanwal was born in Rawalpindi (then in British India, now in Pakistan). After the partition of India, his family settled in Kanpur, India. In 1967 Rekhi graduated as an electrical engineer from the Indian Institute of Technology in Bombay, India and in 1969 he received a Master of Science degree from Michigan Technological University.

For more, Visit: http://en.wikipedia.org/wiki/Kanwal_Rekhi

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13 November 2007

About: Wikipedia.org

This section is to provide/will provide information about Personalities/Famous Websites/Companies/Magazines/Financial Terms and etc.
We thank http://en.wikipedia.org/ for this.

So, We first Start with the above Site.

http://en.wikipedia.org

Wikipedia is a multilingual, web-based, free content encyclopedia project. The name Wikipedia is a portmanteau of the words wiki (a type of collaborative website) and encyclopedia. Wikipedia's articles provide links to guide the user to related pages with additional information.Wikipedia is written collaboratively by volunteers from all around the world. Since its creation in 2001, Wikipedia has grown rapidly into one of the largest reference Web sites. There are more than 75,000 active contributors working on some 9,000,000 articles in more than 250 languages. As of today, there are 2,088,725 articles in English; every day hundreds of thousands of visitors from around the world make tens of thousands of edits and create thousands of new articles to enhance the knowledge held by the Wikipedia encyclopedia. (See also: Wikipedia:Statistics).

About Wikipedia
1.1 Wikipedia history
1.2 Trademarks and copyrights
1.3 Wikipedia contributors
1.4 The Wikimedia Foundation

For more, Visit: http://en.wikipedia.org/wiki/Wikipedia:About

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14 November 2007

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Heavyweights vault, lift Sensex up by 894 pts at close

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13 November 2007

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