29 November 2007

Personalities: Ashok Soota, Baba Kalyani

Ashok Soota

Ashok Soota was the President of Wipro from 1984 to 1999. He co-founded MindTree Consulting in 1999, which is currently a leading name in IT consulting.He has played a major role in the development of the IT industry in India.

Chairman and managing director of MindTree Consulting, Ashok Soota co-founded the company in August 1999 along with nine other industry professionals.
Prior to co-founding MindTree, Soota was president of Wipro Infotech from 1984 to 1999. Under his leadership, the company grew from a US$ 2 million business in 1984 to a US$ 500 million business in 1999.

More about @ http://en.wikipedia.org/wiki/Ashok_Soota

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Baba Kalyani

Baba N. Kalyani (born January 7, 1949) is an Indian billionaire businessman. According to Forbes magazine, he is the 562nd richest person in the world[1] and 19th richest in India.[2]
Mr.Kalyani is the chairman and managing director of Bharat Forge, the flagship company of the Kalyani Group and the world's second-largest forgings manufacturer after ThyssenKrupp of Germany. It is expected to take the top spot in the not too distant future. He has a BE(Hons.) from BITS Pilani and an MS degree from the Massachusetts Institute of Technology.
Baba Kalyani currently lives in Pune, India. He is the founding chairman of Pratham Pune Education Foundation,[3] a charity that provides primary education for underprivileged children.

More @ http://en.wikipedia.org/wiki/Baba_Kalyani


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28 November 2007

Deadpresident.Blogspot.Com

I came across a blog which is having the information of India's Stock markets and Stock analysis, Stock recommendations and etcccccc.

This blog is very informative.

Blog link is : http://deadpresident.blogspot.com [ India Equity Research]





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15 new stocks on FnO segment from Nov 30: Financial Express

National Stock Exchange on Wednesday said 15 new stocks including-- Global Broadcast News, Hindustan Zinc, Jindal Saw and NIIT Ltd will be introduced in the Futures and Options segment.

According to a NSE circular, 15 additional securities will be available for trading in the F&O segment with effect from November 30.

The other stocks included for trading in the F&O segment are Development Credit Bank, Kpit Cummins Infosystems, Motor Industries, Info Edge, Great Offshore, Wire & Wireless, Redington (India), Network 18 Fincap, Ispat Industries, Hindustan Oil Exploration and Gitanjali Gems.

Details of market lot and list of contracts being made available for trading in the above securities would be informed to members on November 29, the circular said. F&O segment on the bourse had witnessed record turnover of Rs 1,10,563 crore in October, while on Tuesday the F&O segment had reported a turnover of Rs 75,192.11 crore.


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Myiris.com updates

Tata, Rcom raise USD 1.37 bn via ECBs in Sep. 07: RBI
Market seems to be in bearish zone: Vishwas Agarwal
Brokers Outlook: Volatility expected due to F&O expiry
Fortune names Ratan Tata among top 25 powerful business heads
RNRL rubishes news item
Welspun Syntex Q2 net jumps 6.37 times


ONGC-Mittal energy acquires 30% stake in blocks in Caspian Sea
Arvind Mills looks at spinning off retail business under Megamart
Pyramid Saimira to buy 51% stake in Dimple Chie
RSWM approves demerger of investment division


Source: http://www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

ET Headlines

The Economic Times

NSE is world's top bourse in futures trading

Reliance Petroleum investors should look at rollovers for cues
Govt can get Rs 6,500 cr as GSM fee: RCom
Citi Venture buys 27 pc in Unimark Remedies for Rs 113 cr
Rupee weakens against dollar
S Kumars plans IPO for Reid & Taylor
eClerx Services IPO opens Dec 4
Wall St opens on positive note

India ranks among top expensive places to trade
Apple's Steve Jobs is most powerful businessman
S Kumars may bring PE into demerged Reid & Taylor
REL ties up coal supply with buyouts, contracts
Pyramid Saimira acquires Dimples Cine Advertising
DLF picks up majority in Amanresorts for $400 mn
Parsvnath in talks with Carrefour & Casino for retail venture

GAIL India shares climb 3.6 per cent on winning gas rights
Indiabulls promoters up stake; purchase shares worth Rs 375 cr
Emaar MGF enters Chennai residential mart
Sadhus turn smart investors
Does a CEO need to be an MBA?
Delhi to host TiE Entrepreneurial Summit 2007
Infosys receives 2007 Balanced Scorecard Hall of Fame award


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Moneycontrol Updates

NSE adds 15 new stocks in F&O from Nov 30

Following 15 additional securities will be available for trading in NSE F&O segment with effect from November 30, 2007:
Sr no. Security Name Symbol
1 JINDAL SAW LIMITED JINDALSAW
2 KPIT CUMMINS INFOSYSTEMS KPIT
3 DEVELOP CREDIT BANK LTD DCB
4 HINDUSTAN ZINC LIMITED HINDZINC
5 MOTOR INDUSTRIES CO LTD MICO
6 INFO EDGE (I) LTD NAUKRI
7 NIIT LIMITED NIITLTD
8 GREAT OFFSHORE LTD GTOFFSHORE
9 WIRE & WIRELESS (I) LTD. WWIL
10 REDINGTON (INDIA) LTD. REDINGTON
11 NETWORK 18 FINCAP LTD. NETWORK18
12 GLOBAL BROADCAST NEWS LTD GBN
13 ISPAT INDUSTRIES LIMITED ISPATIND
14 HINDUSTAN OIL EXPLORATION HINDOILEXP
15 GITANJALI GEMS LIMITED GITANJALI

Stay short or stay out, advise experts
Q3 results to push mkt beyond 20k: UTI Sec
Will mkts succumb to 8-yr itch?
It's showtime for multiplex stocks
All eyes on F&O expiry tomorrow

Rico Auto had a good bounce back
Sebi should look into Reliance Petroleum
Volvo interest pushes Ashok Leyland higher
NSE bars further F&O positions in Essar Oil, Bongaigaon
DLF to replace Essar Steel in S&P CNX 500

Mallya plans to unlock full value of Deccan, KF in Mar '08
LIC Housing Fin may raise Rs 500-600 cr
Pyramid Saimira picks 51% in Dimple Cine Media
Gateway Distriparks may sell stake: Srcs
Hidden gems for your portfolio

Stocks to watch: RPL, RNRL
Marketwide rollover at 55%




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Sensex tumbles 189 pts at close : Sify.com

Sensex tumbles 189 pts at close

NSE 5617.55 -80.60
BSE 18938.87 -188.86
Heavy selling across the board during the final hour of trade sent the benchmark indices Sensex and Nifty, which had held on in the positive territory after a rousing start, crashing down to a highly negative close today.

Though a strong close on Wall Street aided the sentiment this morning, weakness on the Asian bourses amid growing concerns on the subprime market front and the subdued trend on European bourses dampened the mood in afternoon trade.
While the Sensex, which opened with a positive gap of around 190 points at 19,316.76 - it remained its best for the day - but tumbled to 18,884.20 in the final hour, ended the session with a loss of 0.99% or 188.86 points at 18,938.87, the Nifty finished with a loss of 1.41% or 80.60 points at 5617.55.
Automobile majors Maruti Suzuki (3.15%), Bajaj Auto (2.85%) and Tata Motors (0.55%) displayed strength and ended on a positive note. BHEL (1.95%), Ambuja Cements (1.05%), ITC (0.5%) and HDFC (0.4%) were the other stocks from the Sensex to romp home on a winning note today.
Metal stocks Hindalco and Tata Steel went down by 3.65% and 3.4% respectively. ACC lost 3.3%. Reliance Energy, Tata Consultancy Services, DLF, Reliance Industries, ONGC, Wipro, NTPC, HDFC Bank, Larsen & Toubro, Ranbaxy Laboratories and Grasim Industries lost 1% - 3%.
State Bank of India closed with a loss of 0.9% at Rs 2252.05. Reliance Communications, Hindustan Unilever, Bharti Airtel, Satyam Computer Services, ICICI Bank, Infosys Technologies, Mahindra & Mahindra and Cipla also ended on a weak note.

Nalco (down 5.75%) was the biggest loser in the Nifty index. BPCL, which had a bright morning session, ended with a sharp loss of 5.5% at Rs 384.50. SAIL, Siemens, GlaxoSmithKline Pharma, Suzlon Energy, Reliance Petroleum, Hero Honda, Punjab National Bank, Sterlite Industries, Tata Power, Hindustan Petroleum Corporation and Unitech also ended with sharp losses today. Dr. Reddy's Laboratories finished with a modest gain of 0.6%.

TVS Motor, Ashok Leyland, Colgate Palmolive, Neyveli Lignite Corporation, Bongaigaon Refinery, Chennai Petroleum Corporation, Adani Enterprises, Fertilizers & Chemicals, Mirc Electronics, Mangalore Refineries & Petrochemicals, Titan Industries, IDBI, Sterlite Optical Technologies, IDFC and Federal Bank ended sharply lower.

Bilcare, India Infoline, SpiceJet, HT Media, Indraprastha Gas, Ashapura Minechemicals, PTC India, Exide Industries, Triveni Engineering, India Cements, Godrej Consumer Products, Novartis, Usha Martin and REI Agro were among the prominent losers from the midcap index.
Mico, Sun TV Network, Ispat Industries, Omaxe, Indian Bank, Jindal Saw, Cummins India, Hindustan Zinc, GlaxoSmithKline Consumer Healthcare, National Fertilizers, Jaiprakash Associates, Nirma, IndusInd Bank, Gujarat Minerals, Dredging Corporation, Orchid Chemicals, Lanco Infratech and Nicholas Piramal surged higher on strong buying support.

As profit taking took centrestage, the market breadth turned weak towards the closing minutes. When trade ended, out of 2873 stocks that were seen in action on BSE, 1497 stocks had slipped into the red. 1306 stocks closed with gains and 70 stocks settled at their previous closing levels.


Other stories @ www.sify.com/finance/

Infosys strengthens position in FinTech 100
Valuemart Info acquires Datatalk
Ashok Leyland in tie-up with TVS
Ushdev Intl plans bonus issue
'India can achieve double-digit growth'
Carrefour in talks with Indian realty firm
Pension funds to be invested in equities
NSDL to handle pension records for Govt staff


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27 November 2007

Know About: Seven Sisters, Supermajor

Supermajor

The term supermajor illustrates the six largest energy companies, as seen in popular financial mediums around the world. Trading under various names around the world, they are considered to be: [1]
ExxonMobil (XOM)
BP (BP)
Royal Dutch Shell (RDS)
Total S.A. (TOT)
Chevron Corporation (CVX)
ConocoPhillips (COP)

More @ http://en.wikipedia.org/wiki/Supermajor



Seven Sisters (oil companies)

The Seven Sisters of the petroleum industry is a term coined by an Italian entrepreneur, Enrico Mattei,[1] that refers to seven oil companies that dominated mid 20th century oil production, refinement, and distribution.

Origin and makeup
1.1 The "New Seven Sisters"
2 Reference in The Road Warrior
3 Further reading
4 See also
5 References
6 External links

More @ http://en.wikipedia.org/wiki/Seven_Sisters_%28oil_companies%29


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ET, Myiris Top Stories

The Economic Times

Mundra Port & SEZ lists at 75% premium
SBI, LIC & UTI AMC to manage pensions
Futures trade banned in RPL; Chevron says evaluating options
Satellite towns may rejuvenate mega cities
'RBI monitoring money supply carefully'
DCM Shriram open offer price boosted
India ranks 128th on HDI Index
PVR locked at 20% upper circuit
Religare maintains 'buy' on DS Kulkarni

NTPC, Airtel, L&T top study on infrastructure companies in 2007
Tata, Mittal, Nooyi among world's Top 25 business heads
Reliance Power to be awarded Krishnapatnam UMPP
Allahabad Bank to open 15 branches in Punjab
ICICI Bank, HDFC Bank may be 'foreign'
Philips to buy Genlyte for $2.7 bn
Bharat Heavy Electricals wins Rs 40 bn contracts
KEC Intl bags projects in Saudi Arabia, Namibia
JSW plans to invest Rs 7,500 crore in TN

Govt to review FDI limits in broadcast sector
Parsvnath may team up with Turkish co for airport biz
Crest Animation shares up 9% on overseas foray buzz
Reliance Power IPO clouds grey market
UK's Rutley Capital eyes $1 bn India housing fund
Birla Sun Life enters into alliance with Angel Broking
PS Group lines up about Rs 11,000 cr for services, IT SEZs


www.myiris.com

Brokers Outlook: Market may cross 19,400 on Wednesday
DLF & Adrian Zecha partners to acquire AMAN Resorts
GMR Infrastructure arm to acquire Nepal based firm
ORG Informatics acquires Belgacom`s satellite business
Infosys Technologies delivers two new services to Microsoft
Asian Hotels to venture into power generation biz.
Aftek Q2 net climbs 14.18%; revenue up 12.49%
Shringar Cinemas`s arm ties up with Pyramid Saimara
KEC Int`l bags two contracts worth Rs 4 bn
India may be 3rd largest banking hub in the world by 2040
Indiabulls to join the bandwagon, plans retail foray
Chevron may exit RPL



Source: http://www.theeconomictimes.com and www.myiris.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Top Performers in MF : Myiris.Com, Easymf.com

Myiris.Com

This site has listed the Top Performers/laggards (MFs) for the Quarter Ended 26th November 2007 .

The category includes :

Equity - Diversified
Equity-Derivative
Equity-Diversified
Equity-ELSS
Equity-Index
Balanced

More@ http://www.myiris.com/mutual/topgainers/index.php

----------------------------------------------------------------
www.Easymf.Com

This website also displays top performers.

http://www.moneycontrol.com/mutualfundindia/


Gainers & Losers : Equity Tax Saving

http://www.moneycontrol.com/india/mutualfunds/gainerloser/18/19/snapshot/eqt/ab



Source: http://www.easymf.com and www.myiris.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

CoolAvenues Job alerts

Marketing/ Sales/ Advertising

27 November 2007 - Branch Managers An MNC Non-Banking Finance Company
24 November 2007 - National Director - Hospitality & Leisure A Top MNC Real Estate Advisory Consultancy
23 November 2007 - GM - Consumer Insights A Global Leader in Convenient Foods & Beverages


Finance/ Banking

26 November 2007 - Sector Specialist - Equity Research A Leading Name in Financial Services Domain
26 November 2007 - Opening in Asset Reconstruction A Leading Global Asset Reconstruction Company
24 November 2007 - National Director - Hospitality & Leisure A Top MNC Real Estate Advisory Consultancy
23 November 2007 - Director - Asset Reconstruction / Stressed Assets A Leading Global Asset Reconstruction Company
23 November 2007 - Opening in Private Equity A Leading $1 Billion Global Private Equity Firm 23 November 2007 - Consultant / Manager / Sr. Manager One of India's Leading Business Consulting Firms


HR

26 November 2007 - HR (Recruitment) Opening A Leading Company in IT, ITES & Consulting
24 November 2007 - GM - HR New Breed of Online Media Company
21 November 2007 - HR Leader A Top MNC with 100 Million USD Business in India


General Management

23 November 2007 - Senior Research Director A US-based Boutique Consulting Firm
23 November 2007 - GM - Consumer Insights A Global Leader in Convenient Foods & Beverages
23 November 2007 - Consultant / Manager / Sr. Manager One of India's Leading Business Consulting Firms

More @ www.coolavenues.com



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Job Alerts and Blog Roundup

Research Analyst Openings in Baljit Securities
Department:ResearchRequirement:Incumbents should have proficiency in oral & written communication, experience in usage & interpretation of various technical charting software / tools, should have proven track record in research department.

More @ Research Analyst Openings in Baljit Securities


Investment Banking Openings in Singhi Advisors
Positions open are:
1)Vice President - Investment Banking
2)Assistant Vice President - Investment Banking

More @ Investment Banking Openings in Singhi Advisors


Equity Analyst Openings in Capmetrics
Equity Research Analyst:The job involves equity and investment banking research, to organize, analyze, synthesize/ summarize data and information using appropriate analytical methodologies, submission of analysis as per client desired format. (spreadsheet, PowerPoint etc.)

More @ Equity Analyst Openings in Capmetrics
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eClerx IPO : eClerx Services IPO opens for subscription on 04 Dec
Walchandanagar Bonus Issue, Stock Split and Dividend News

Indian IPOs Grey Market Premiums on 27-11-07
Jaiprakash Associates Stock Split Approved



Source: http://www.bullishindian.com , www.bsensedaily.com and www.kpowave.blogspot.com and same authors other resources. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

VC, PE updates from VCCircle.com, Indiape.com

www.vccircle.com


Sandalwood Capital To Focus On Growth Stage, Swell Funds To $500M
Real Estate Roundup: Rutley Capital, Red Fort Capital, Tanmiyat Group, Accor
Sequoia Capital Invests $25 Million In GVK Biosciences
Orient Global Invests $76.7 Million In India Infoline’s Consumer Finance Biz

E-Governance Company Comat Raises Rs 25 Cr In Series B From Avigo
Exclusive: Blue River, Goldman To Invest $100 Million In India Infoline Arm
UTI AMC Stake Sale To Gather Momentum
Balaji Motion Pictures In Capital Raising Mode

IFC Buys 18% In Angel Broking For Rs 152 Cr; Goldman, Macquarie In Deal With PFS


www.Indiape.com

PE player Sequoia invests Rs 100cr in GVK Bio
Deloitte survey says private equity short-term outlook cools
Orient Global buys 22.5% stake in India Infoline`s arm
Reliance Entertainment acquires Anirights Infomedia

Balaji may offload 15% in motion pictures arm
India Info to sell 26% stake in arm for $100 mn
Lehman, IL&FS look to buy 10pc in Ramky arm
25 foreign investors line up for UTI AMC stake

Allahabad Bank eyes stake in African bank
Reliance Seeks to Sell Further Stake in Towers Subsidiary



Source: http://www.vccircle.com and www.indiape.com thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Tata, Nooyi among top 25 biz powerhouses: Sify.Com

Tata, Nooyi among top 25 biz powerhouses

New York: India's top corporate leader Ratan Tata has been named by global business magazine Fortune as one of the top 25 most powerful business heads, along with steel tycoon L N Mittal and PepsiCo's Indra Nooyi.

The Fortune ranking closely follows a list by another global business publication Forbes, released earlier this month that named India's richie-rich led by Mittal and Ambanis, but there was no mention of Ratan Tata.

In the Fortune list released on Tuesday, Tata has been named as the world's 23rd most powerful person in business, ahead of CEOs of international media and entertainment giant Walt-Disney and French luxury goods major LVMH.

PepsiCo chief Nooyi, who was named at the top of a separate Fortune list of world's most powerful business women for second year in a row last month, has been ranked at 22nd in the latest list, topped by Apple Computer CEO Steve Jobs.

Mittal, largest shareholder and CEO of the world's largest steelmaker ArcelorMittal, is ranked top among the three people of Indian origin. Ranked 14th position in the list, Mittal's name figures ahead of of international giants like JPMorgan Chase, Hewlett-Packard, Boeing, BHP Billiton, Blackstone and Mexican business tycoon Carlos Slim.

Apple's Jobs is followed by media baron Rupert Murdoch (2nd), Goldman Sachs CEO Lloyd Blankfein (3rd), Google's founder-CEO trio Eric Schmidt, Larry Page and Sergei Brin (4th) and legendary investor and Berkshire Hathaway CEO Warren Buffett (5th).

"Some are empire builders. Others are hired guns. But if they truly have world-class oomph, they're on Fortune's subjective - yet really quite accurate - list of the most powerful business people in the world," the magazine said in its cover story of the latest issue.


Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex slips 120 pts on global weakness at close: Sify, India

NSE 5698.15 33.55
BSE 19127.73 119.81

As weak global markets dampened the sentiment, the bulls stayed away from the ring right through the session, and, notwithstanding a smart rally staged by a few of their components, the benchmark indices Sensex and Nifty ended in the red today.

While the Sensex, which opened with a negative gap of around 120 points at 19,128.86 and slipped to a low of 19,019.33 in intra-day trades, ended the day with a loss of 119.81 points or 0.62% at 19,127.73, the Nifty closed with a loss of 33.55 points or 0.59% at 5698.15. In intra-day trades today, the Nifty touched a low of 5655.60.

Select auto, realty and information technology stocks had a nice ride up the charts. Capital goods stocks bounced back from their lower levels and regained lost ground in late afternoon trade. Oil, FMCG and healthcare stocks too found support during the closing minutes. Bank and metal stocks had a somewhat sluggish outing. Though a few of them posted smart gains, due to the sharp decline in values of some key stocks in these sectors, the Bankex and Metal indices went down by 0.9% and 1.03% respectively.

Bharti Airtel, which eased by 3.3%, was the biggest loser in the Sensex pack. ICICI Bank ended with a sharp loss of 2.15% despite rallying to Rs 1132.40 from a low of Rs 1119. Reliance Energy, Maruti Suzuki, NTPC, Hindalco and ACC lost 1.5% - 2%. Reliance Industries closed with a loss of 1.4% at Rs 2842. ONGC lost nearly a per cent. Ranbaxy Laboratories, ITC, HDFC Bank, Mahindra & Mahindra and Reliance Communications also ended with sharp losses. HDFC lost around a quarter per cent. Tata Steel, Larsen & Toubro and Infosys Technologies finished with small losses.

BHEL notched up a sharp gain of 2.6%. Bajaj Auto rallied 2.55% to Rs 2653.05. State Bank of India (1.4%), Tata Consultancy Services (1.2%) and Wipro (1.15%) also closed with smart gains.
Tata Motors ended 0.9% up at Rs 716.55. DLF shrugged off a weak start and posted a gain of 0.7%. Ambuja Cements, Grasim Industries and Satyam Computer Services also ended on the positive side, albeit with less pronounced gains. Hindustan Unilever and Cipla ended with slender gains.

More @ Sensex slips 120 pts on global weakness


More articles @ www.sify.com/finance/

Abu Dhabi Investment comes to the rescue of Citigroup, infuses $7.5 billion
Tata, Nooyi among top 25 biz powerhouses
20 most important questions in business
Hot property: Rs 2,780 cr for 3 Mumbai plots
BHEL wins Rs 4000 cr contract
GAIL to market gas for PMT fields
Futures trade banned in RPL
Rupee steady; caught between flows, RBI

RComm subsidiary pacts with US-based GlassHouse Tech
GVK Power acquires 46% in GVK Industries
HPCL to invest $2.5 b in expanding Visakhapatnam refinery
IOL Broadband signs pact with MTNL
SEBI probe on surge pulls down Bhushan Steel
Nirma to buy US-based soda ash producer
Who played the 'shorts' in RPL?
Rain Calcining merges with Rain Commodities
RBI honouring word on branches to WTO


Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Personalities: Gautam Adani, Aroon Purie

Gautam Adani

Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian businessman. He is the chairman of the Adani Group, a leading trading and export company of India. On November 16, 2007, Forbes magazine announced that Adani was the 13th richest person in India with a personal wealth of US$6.7 billion, making him the first billionaire from the city of Ahmedabad[1] [2]. Gautam Adani was born on June 24, 1962, to Shantilal and Shantaben Adani. He had seven siblings. Adani's parents had migrated from the town of Tharad in northern Gujarat in search of livelihood. Adani was born in the Seth ni Pol are located in Ratanpol in Ahmedabad. He studied at the Seth C. N. Vidyalya school in Ahmedabad. Adani dropped out of school in class 10 and set out for Mumbai to make a living with only a few hundred rupees with him.
He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years, Adani, 18 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his first lakh.[3]

More @ http://en.wikipedia.org/wiki/Gautam_Adani



Aroon Purie

Aroon Purie is an Indian businessman, and the founder & editor in chief of India Today, a leading newsmagazine of India. He has served as editor of the magazine since founding it in 1975. India Today is printed in several languages other than English. A chartered accountant, Purie first revived Thomson Press. He then set up Living Media to publish India Today, which has redefined magazine journalism in the country. The India Today group which has grown out of the magazine, is one of the largest media conglomerates in India.

More @ http://en.wikipedia.org/wiki/Aroon_Purie


Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

26 November 2007

Know About: Wal-Mart, Carrefour

Wal-Mart

Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation, currently the world's largest public corporation by revenue, according to the 2007 Fortune Global 500.[2] It was founded by Sam Walton in 1962, incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer, trailing the People's Liberation Army of China, the National Health Service of the United Kingdom, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business, as well as the largest toy seller in the U.S., with an estimated 22% share of the toy market.

More @ http://en.wikipedia.org/wiki/Walmart

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Carrefour

Carrefour SA (Euronext: CA) (pronounced [karˈfur]) is a French international hypermarket chain, with a global network of outlets. It is the second largest retail group in the world in terms of revenue and sales figures after Wal-Mart. Carrefour operates mainly in the European Union, Brazil, Argentina and Colombia, but also has shops in North Africa and Asia. Carrefour means cross-road in French[2].

More @ http://en.wikipedia.org/wiki/Carrefour


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Mundra Port to list on bourses tomorrow

Mundra Port to list on bourses

Adani group-promoted Mundra Port and Special Economic Zone Ltd (MPSEZL) will list its equity shares on bourses on Tuesday. The initial public offer (IPO) of the company received robust response from investors and the issue was subscribed over 115 times.

The company had come out with an issue of 4.02 crore shares and the issue price of the shares was fixed at Rs 440. MPSEZL is the first company from SEZ and port sector to hit the capital market. The proceeds of the issue would be utilised for further development of Mundra port and SEZ.

The company is planning to raise about Rs 1,700 crore to part-fund the construction and development of basic infrastructure and allied facilities in the proposed SEZ and construction and development of south basin terminal for coal and other cargo at Mundra Port, among others. Proceeds of the IPO would also be utilised in part- funding Adani Petronet (Dahej) Port Pvt Ltd, Adani Logistic Ltd and investments in Inland Container Pvt Ltd. MPSEZL, the developer and operator of Mundra Port located in Kutch district of Gujarat, is primarily engaged in providing bulk cargo services, container cargo, crude oil cargo and value-added port services, including railway services between Mundra Port and Adipur.

Related articles :
Mundra will see Rs 1000 + on listing: Experts
Sebi denies permission to Mundra Port to trade in F&O
Mundra Port does not look expensive


Source: http://www.theeconomictimes.com and www.moneycontrol.com. Wethank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Stories from Myiris.Com, MoneyControl.Com

Myiris.Com

NTPC board clears investments worth Rs 72.45 bn
SEL Manufacturing hikes stake in Kudu Industries
Refining capacity to rise 75%
Brokers` Outlook: Market to open with upward gap
RBI lays conditions on VC funds to disclose capital base
Bartronics bets high on Indian banking industry

Walchandnagar net up 2.18 times in Sep`07 qtr
Gitanjali Gems inks JV pact with Netherlands-based co.
Walchandnagar Industries board recommends bonus issue
Radha Madhav to allot shares on warrants conversion
Three Indian cos. in race for LaborMed
RIL, Essar` Jamnagar plants to be world`s largest refining hub

HDFC Life Insurance to go public

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Moneycontrol.Com

Sensex may not cross 20K levels in near term: Experts
Mundra will see Rs 1000+ on listing: Experts
Do you own these two hidden gems?
Will RPL stake sale benefit investors?
RIL’s stake sale in RPL to benefit F&O players
You are better off with midcaps!

Forex scam may hit Hexaware by $20-25 m
Jindal Steel heading to Bolivia?
Adhunik Metaliks hikes FII/NRI investment limit to 49%
Solid gains for Bhushan Steel
Empee Dist sees Sep'08 revs at Rs 1,150 cr
Shaw Wallace locked at 20% upper circuit

Expect 50% upside in Escorts: Rajen Shah
Jindal Stainless has target of Rs 250-260: Gujral
Stocks to watch: IndusInd Bk, Voltas
Neyveli Lignite has target of Rs 290: Gujral
Fed to cut rates by 25 bps in Dec: BNP Paribas
Agriculture will be one of the biggest themes soon: Experts

Stake sell in RPL is surprising
It's going to be great time for metal companies


Source: http://www.myiris.com and www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

ET Headlines

Going global: Indian firms create jobs in US
Singapore firm to invest Rs 300 cr in India Infoline
Parsvnath Developers announce retail entry
Mundra Port to list on bourses
Empee Distilleries loses over 20%
ArcelorMittal eyes auto steel JV with China's Valin

Chevron says evaluating options on Reliance Petroleum
Sadbhav Engineering gets orders worth Rs 90 cr
DHL Express says to invest $175 mn in Shanghai hub
Future Group's logistics arm to invest Rs 400 cr
Cities best to earn a living are not the best to live: Survey
NTPC's project in Sri Lanka may begin early next year

Madurai-based trust chosen for national award
Syndicate Bank targets to double total business in North
India Info to sell 26% stake in arm for $100 mn
Lehman, IL&FS look to buy 10pc in Ramky arm
PE firms eye UTI AMC stake
25 foreign investors line up for UTI AMC stake

Celebrity tailor Daswani to set up shop in India
JSW Steel plans Rs 7500 cr investment in TN
Orchid Group to invest over Rs 1,000 cr on expansion
Carrefour may seal JV deal in India soon: Report
RCOM plans to sell 5% more in tower biz
Gulf Oil gets approval to build IT Park

Another roller-coaster week ahead for market
Foreign investors, Reliance Capital buy 15% in Nitco
Empee Distilleries lists at Rs 440
Indowind Energy shares charge ahead on European buy reports
Reliance Power to raise IPO face value to Rs 10
BGR Energy Systems IPO opens Dec 5; price band Rs 425-480

The 250-billion dollar question of Indiabs forex reserves
Emerging business houses give better returns
Phillips Carbon: Ideal for investors
Party continues for Religare Enterprises
Stocks you can pick up: Indian Hotels, Tata Motors, Rico Auto, Vijaya Bank
HPCL: Most undervalued of the three PSU oil marketing companies


Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex up by 395 pts at close : Sify.Com

Bulls stay tuned again, lift Sensex up by 395 pts at close

NSE 5731.70 123.10
BSE 19247.54 394.67

The bulls continued from where they left last Friday and displayed their strength in no uncertain terms today. They did go in for a few breathers during the course of the session, but at no time the market was in danger of caving in. So buoyant was the mood right through the day that besides the benchmark indices Sensex and Nifty, all the sectoral indices too ended the day on a high note today.

Strong global markets, good participation by domestic mutual funds in recent sessions and short-covering ahead of expiry of November series derivatives contracts were the factors that kept the market entrenched high up in the positive territory till the end today.

While the Sensex, which opened with a positive gap of nearly 220 points at 19,171.25 and hit a high of 19,360.23 in intra-day trades, ended with a gain of 394.67 points or 2.09% at 19,247.54, the Nifty settled at 5731.70 with a gain of 2.19% or 123.10 points. In intra-day trades today, the Nifty touched a high of 5772.55.

Among the sectoral indices, the Metal index was the biggest gainer today. Mirroring strong gains posted by key metal stocks, it ended 5.61% up. The Realty barometer shot up by 3.05% while the Consumer Durables, Capital Goods, IT, Power and Teck indices surged 2% - 3%.
The Bankex firmed up by 1.7%. The FMCG (1.63%), Healthcare (1.4%), Oil & Gas (1.9%) and PSU (1.52%) also ended on a high note. The Auto index, which gained the least, ended 0.74% up.

Reflecting investor interest for stocks from midcap and smallcap segments, the BSE Midcap and Smallcap indices climbed up 1.89% and 1.69% respectively. The dominance of the bulls could be gauged by the fact that barring a couple of, Tata Motors (down 0.6%) and State Bank of India (down 0.4%), the other components of the Sensex ended on a positive note today. Both Tata Motors and State Bank of India, however, had a nice spell in the positive zone till around mid afternoon.

HDFC Bank (up 5.2% to Rs 1643.70) held the number one spot on the gainers list right through the session. Bharti Airtel, a bit sedate to begin with, rallied smartly in afternoon trade to post a strong gain of 3.8%. Reliance Energy scored a handsome gain of 3.75%. Tata Steel, ONGC, Hindalco, Grasim Industries, DLF, Tata Consultancy Services, Reliance Industries, BHEL, Wipro, Satyam Computer Services, Hindustan Unilever and Bajaj Auto gained 2% - 3.5%.
Larsen & Toubro (1.85%), ITC (1.75%), HDFC (1.55%), ICICI Bank (1.55%), ACC (1.45%), Ranbaxy Laboratories (1.45%) and IT bellwether Infosys Technologies (1.2%) also ended on a high note. Cipla, Mahindra & Mahindra, Maruti Suzuki, NTPC and Reliance Communications gained 0.75% - 1% while Ambuja Cements finished with a small gain.

Nalco, which zoomed 14.7% to Rs 382.95, was the biggest gainer from the Nifty pack. Unitech jumped 6.3%. SAIL notched up an impressive gain of 5.4%. Suzlon Energy ended stronger by a little over 4%. Punjab National Bank (3.05%), Hindustan Petroleum Corporation (2.8%), Tata Power (2.55%), HCL Technologies (2.5%), GlaxoSmithKline Pharma (2.1%), Hero Honda (1.8%), Sterlite Industries (1.7%), ABB (1.45%) and VSNL (1.1%) also ended with sharp gains.
Sun Pharmaceuticals, GAIL India and Zee Entertainment posted modest gains. MTNL and BPCL closed with marginal losses. Siemens, a big gainer in recent weeks, ended 1.6% down on profit taking. Reliance Petroleum topped the turnover chart but closed with a sharp loss of 2.65%.

Jindal Steel shot up by 16.75% today. Balaji Telefilms posted a big gain of 12.5%. HMT, Bharat Earth Movers, Jindal Saw, Crompton Greaves, i-Flex Solutions and Sobha Developers gained 7% - 10%. IndusInd Bank, JSW Steel, India Cements, Rolta India, Indian Bank, Jindal Stainless, Hinduja TMT, Titan Industries, Neyveli Lignite Corporation and Mangalore Refineries and Petrochemicals were among the other big gainers from BSE 'A' Group.

Midcap metal stock Bhushan Steel flared up by 45.7% today. Shaw Wallace remained firmly locked at the 20% upper circuit at Rs 388.25. Ansal Infrastructure moved up by over 11%. NIIT, Deccan Aviation, Usha Martin, Gateway Distripark, Bilcare, Bharat Earth Movers, IL & FS and Ruchi Soya went up by 8% - 11%. Lakshmi Overseas, Kalyani Steel, Voltas, KS Oils and Indraprastha Gas also ended on a high note.

As buying remained widespread, the market breadth was quite strong today. Out of 2865 stocks traded on BSE, 1820 stocks closed with gains. 986 stocks ended on a negative note and 59 stocks settled at their previous closing levels.

Other stories from www.sify.com

No plans to sell RNRL shares: Anil
Indian cos create jobs in US
Jindals planning mega investments in TN
IVRCL Infra gets Rs 329 cr orders
Scrip Scan: Hot picks of the week

NTPC to invest Rs 5,459.20 cr in Mauda Thermal Project
Dr Reddy's enters into 10-year agreement with Sygnis AG
'Allahabad Bank eyes stake in African bank'
Chevron evaluates its options on Reliance Petrol
Nitco Tiles turns stronger on 15% stake sale

RPL share sale: Was beating F&O curbs the only reason?
Empee Distilleries shares list up 10%
JM fund: Fully focused on financial services
RIL's Reliance Petro deal puzzle-ridden


Source: http://www.sify.com/finance/. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Personalities: Anil Ambani, Anil Agarwal

Anil Ambani

Anil Ambani (born June 4, 1959) is an Indian businessman. As of October 6th 2007, he has a net-worth of US$32.4 billion, making him the 6th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year. [2] Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.[1]. Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married to Tina Ambani(Munim) who was a well known Indian Actress in early 80's, and with whom he has two sons: Jai Anmol and Jai Anshul.

More @ http://en.wikipedia.org/wiki/Anil_Ambani

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Anil Agarwal (billionaire)

Anil Agarwal (b. 1954, India) is the founder-director and executive chairman of the UK-based Vedanta Resources corporation, which owns mining and metal resources in India, Australia and Zambia. Having ranked eighth in 2003,[1] as of November 2006, he is the eleventh-richest Indian, with a personal fortune of US$4.5 billion.[2] According to Forbes Magazine, on 8 March 2007, his net worth was $3.8 billion—making him the 230th-richest person in the world.[citation needed] He lives in London, Europe & Russia, and is married, with two children.[2]
As of 6th October 2007, his net worth was estimated at $12.7 billion, making him the 6th richest Indian. [1]. In 2007, he announced a $3.1 billion expansion of capacities of Vedanta Resources,[citation needed] and donated US$1 billion to establish Vedanta University—India's answer to Stanford—in Orissa, eastern India.[3]

More @ http://en.wikipedia.org/wiki/Anil_Agarwal_%28billionaire%29



Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.