LN Mittal is the richest person in S. Africa : Sify Finance

LN Mittal is the richest person in S. Africa

India-born steel tycoon Lakshmi Niwas Mittal, recently named as richest Indian in world with a fortune of $51 billion, has also been rated as the wealthiest person in South Africa.
Mittal has been named at the top for third consecutive year with a net worth of 27.3 billion rand ($4 billion) in the latest annual list of 100 richest in South Africa, compiled by that country's weekly 'The Sunday Times'.
This is based on his shareholding in Mittal Steel SA and represents only the value of his investments in South Africa. Last month, US business magazine Forbes named him as the richest Indian in the world with a net worth of $51 billion. In March, he was named as the world's fifth richest with a worth of $32 billion by Forbes.

Mittal, who is a resident of Europe, Russia and UK and has an Indian passport as well, also holds the title of richest person in Britain. According to the Sunday Times report, Mittal had 445.75 million shares in his company Mittal Steel SA as of March 31, 2007.

"The value of Mittal's 52.02 per cent shareholding in Mittal Steel SA has almost doubled," it said. In Sunday Times Richest 100 List of South Africa, Mittal was followed by NicNicky Oppenheimer of Anglo American Plc with fortunes worth 16.1 billion rand.
Patrice Motsepe, holding shares in African Rainbow Minerals Ltd and Sanlam Ltd, was named at the third position with a worth 13.5 billion rand.



Suzlon Energy in BCG list of 100 emerging giants

Wind energy major Suzlon Energy is the latest Indian company to have broken into the Boston Consulting Group’s list of top 100 emerging giants.
Releasing the report, titled ‘2008 BCG 100 new global challengers: How top companies from rapidly developing economies are changing the world’, at the India Economic Summit here on Monday, Arindam Bhattacharya, Managing Director, BCG, Delhi, and Jim Hemerling, MD, in the firm’s San Francisco office, along with Anand Mahindra of M&M, pointed out that companies from rapidly developing economies are globalising so quickly that they pose an urgent threat to industry leaders.

More@ Suzlon Energy in BCG list of 100 emerging giants


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.

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

VCCircle.com

IPO-Bound Ybrant Gets $20M From Sansar Capital; Acquires Israel’s Oridian For $13M
India Hospitality Corp. Gets Fresh $75 Million From Navis, Hayground Cove
Sterlite Energy To Raise $1 Billion From Funds In A Pre-IPO Transaction
Reliance Technology Ventures Leads Series B Round In US-based E-Band

Indivision Acquires 70% In Indian-Owned Canadian Cosmetics Firm Faces
Apnaloan.com In Talks To Raise $15 Million Funding
Indivision To Invest Rs 100 Crore For 13% Stake in Interarch Building Products
France’s Ipsos Acquires 75% In Indian Market Research Firm Indica Research

IFC May Buy Stake In IFCI; Will That Add Spice To Strategic Stake Sale?
Airworks Gets Funding From Global Technology Investment, Punj Lloyd
Kuwait’s Global Raises $500 Million Buyout Fund; To Buy Companies In India Too

-----------------------------------------------------
IndiaPE.com

Intelenet buys two companies from Blackstone for USD 75 mn
Indiareit to raise Rs 4,500 cr
BGR raises Rs 190cr from Citi VC, Reliance MF
Rapaport Buys 50% Stake in Indian Magazine

Network 18 arm closes 4 deals, eyes growth firms
Future picks up 70% stake in canada’s faces
Phoenix swaps stake, pays Rs 80 cr for 60% in Big Apple
Future PE arm buys into Interarch

PE firms in clinical research race
Apnaloan in talks to raise $15 mn VC funds
3i Infotech acquires Linear Financial
Private Equity, public returns

ICICI Venture to set up healthcare holding co
Venture Capital Investment in India reached $777 Million in 2007



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.

CoolAvenues Job Alert

General Management / Consulting Positions

Senior Research Director : A US-based Boutique Consulting Firm http://www.coolavenues.com/jobs/1107_1_1428.php

Business Consultant : A Renowned US-based Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1423.php

GM - Consumer Insights : A Global Leader in Convenient Foods & Beverages http://www.coolavenues.com/jobs/1107_1_1427.php

Supply Chain Consultant : A Renowned US-based Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1422.php

Consultant / Manager / Sr. Manager : One of India's Leading Business Consulting Firms http://www.coolavenues.com/jobs/1107_1_1424.php

------------------------------------------------------------
Finance / Banking Positions

Business Manager - Utility Computing : Wipro Infotech - Innovation Division http://www.coolavenues.com/jobs/1107_1_1415.php

Financial / Business Controller : An European MNC in Travel Service Industry http://www.coolavenues.com/jobs/1107_1_1419.php

Accountant : An European MNC in Travel Service Industry http://www.coolavenues.com/jobs/1107_1_1420.php

Manager - Analytics : One of the Fast Growing & Leading Consulting Firms http://www.coolavenues.com/jobs/1107_1_1421.php

Consultant / Manager / Sr. Manager : One of India's Leading Business Consulting Firms http://www.coolavenues.com/jobs/1107_1_1424.php

Opening in Private Equity : A Leading $1 Billion Global Private Equity Firm http://www.coolavenues.com/jobs/1107_1_1425.php

Director - Asset Reconstruction / Stressed Assets : A Leading Global Asset Reconstruction Company http://www.coolavenues.com/jobs/1107_1_1426.php

National Director - Hospitality & Leisure : A Top MNC Real Estate Advisory Consultancy http://www.coolavenues.com/jobs/1107_1_1430.php

-------------------------------------------------------------
Operations Management

Operations Manager : Wipro Infotech - Innovation Division http://www.coolavenues.com/jobs/1107_1_1418.php

Supply Chain Consultant : A Renowned US-based Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1422.php

Business Manager - IRCAM : Wipro Infotech - Innovation Division http://www.coolavenues.com/jobs/1107_1_1416.php

Opening in Facilities Management : One of the Leading US-based Fortune 500 Global Investment Banking Firmhttp://www.coolavenues.com/jobs/1107_1_1399.php




Source: http://www.coolavenues.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 snaps winning streak, loses 74 pts at close: Sify,India

Sensex snaps winning streak, loses 74 pts at close
Sify India

NSE 5858.35 -6.65
BSE 19529.50 -73.91

It was a sluggish session for several blue chip stocks on the major Indian bourses today as participants stayed wary of building up positions due to lack of triggers. A few front line stocks did manage to garner support and posted smart gains, but then, save for a brief while this morning, it was a rather choppy journey for the benchmark indices Sensex and Nifty today.

While the Sensex, which opened with a positive gap of over 100 points at 19,707.86 - it remained its high for the session - but tumbled to 19,482.34 in late afternoon trade, ended with a loss of 73.91 points or 0.38% at 19,529.50, the Nifty settled 0.11% or 6.65 points down at 5858.35. In intra-day trades today, the Nifty touched a high of 5897.25 and a low of 5840.30.

Midcap and Smallcap stocks, however, had a fairly bright outing once again. Mirroring investor interest for these stocks, the BSE Midcap and Smallcap indices climbed up 1.6% and 1.58% respectively. Reliance Industries (down 2.3%), Tata Consultancy Services (down 2.2%), ICICI Bank (down2.1%), Satyam Computer Services (down1.55%), ONGC (down 1.25%) and Ranbaxy Laboratories (down 1.1%) took a severe beating in late afternoon trade.

Grasim Industries, Bharti Airtel, HDFC, Maruti Suzuki, Reliance Energy, NTPC, ACC, State Bank of India and Bajaj Auto eased by 0.25% - 1%. Cipla ended with a marginal loss at Rs 184.80. Reliance Communications ended at its previous closing price.

A host of stocks from the metal space, led by Tata Steel (4.1%), surged higher and lifted the Metal index up by nearly 3.25% today. Hindalco, which remained somewhat subdued for a better part of the session, ended with a gain of 1.15%. SAIL shot up by 8.55% to Rs 284.90. Maharashtra Seamless vaulted 12.4% to Rs 574.10. Jindal Steel jumped 9.3% on strong volumes.

Jindal Stainless, Shree Precoated Steels, Sesa Goa, JSW Steel, Gujarat NRE Coke, Bhushan Steel and Jindal Saw gained smart ground. Ispat Industries edged up by around 0.75%. Mahindra & Mahindra ended with a handsome gain of 2.8%. BHEL closed 2% up at Rs 2815.40. Ambuja Cements, which opened on a high note, lost its way sometime past mid afternoon, but bounced back a bit to close with a sharp gain of 1.25%. Larsen & Toubro gained 1.25%.

Infosys Technologies, Tata Motors and Wipro also finished with notable gains. ITC, Hindustan Unilever and HDFC Bank edged up marginally. DLF opened well but pared its gains and ended little changed from its previous closing price.

VSNL, Unitech, Reliance Petroleum, Sterlite Industries, Hero Honda, GlaxoSmithKline Pharma, HCL Technologies and Sun Pharmaceuticals ended with sharp losses. Hindustan Petroleum Corporation and BPCL moved up by 4.25% and 4.15% respectively. Tata Power, GAIL India, MTNL, Siemens and Punjab National Bank also closed with impressive gains.

Chambal Fertilizers, Mico, Godrej Consumer Products, Ingersoll Rand, Puravankara Projects, IVR Prime, Mangalore Refineries & Petrochemicals, Indian Oil Corporation, J&K Bank, Ashok Leyland, Tata Tea, Chennai Petroleum Corporation, Bombay Dyeing, Alstom Projects, Gujarat Minerals and National Fertilizers closed with strong gains today.

Wire & Wireless, which flared up by 22.65% to Rs 86.10, was the biggest gainers in the Midcap index. Jain Irrigation Systems shot up by 19.15%. Essar Steel zoomed 18%. Educomp Solutions, Adlabs Films, Essar Shipping, Mahindra Life, M&M Financial Services, Dalmia Cement (Bharat), Ruchi Soya, Bata India, NIIT, Ansal Infrastructure and Yes Bank were among the other big gainers from the midcap space.

Everonn Systems, Aegis Logistics, Techno Electric Engineering, Jindal South West Holdings, C&C Constructions, MCD Holdings, Kemrock, Kewal Kiran, Crew BOS, Varun Shipping, Nitin Fire Protection Equipments, Inox Leisure, Hindustan National Glass, Zuari Industries, Adhunik Metals and Raj Television were among the big gainers from the smallcap index.

Essar Oil (up 2.4%) was the turnover topper once again. On the National Stock Exchange, the Essar Oil counter recorded a turnover of nearly Rs 1075 crore today. Around 35.19 million shares were transacted at the Essar Oil counter on NSE. Shares of Mundra Port & Special Economic Zone were also in demand. The stock gained nearly 8.25% on NSE today on a strong volume of 4.85 million shares. IFCI also figured in the most active securities list. However, the stock was at the receiving end today. It lost 2.25% as it settled at Rs 104.35.

Though the premier indices ended in the red today, the market breadth was positive thanks to strong buying in midcap and smallcap stocks. Out of 2864 stocks traded on BSE, 1934 stocks surged higher. 878 stocks closed in the negative territory and 52 stocks ended at their previous closing levels.


More stories @ www.sify.com/finance

FM admits terror trails in stock market
Dabur forays into retail business
GTL unit buys Strategic Comm
HCC to float infrastructure arm
Govt to revive 26 public sector firms

LN Mittal is the richest person in S. Africa
JSW to open 600 steel retail outlets in next 2 years
The Middle East's 40 largest public companies
GTL unit buys US-based Strategic Communication
Pearl Global surges 20% on deal with DLF

3i Infotech buys majority stake in back office firm
Suzlon Energy in BCG list of 100 emerging giants



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.

Corporates: ITC Limited, Jindal Steel

ITC Limited

ITC Limited which previously stood for Imperial Tobacco Company of India Limited[1], is one of India's foremost private sector companies with a market capitalisation of more than US $ 15 billion and a turnover of US $ 4.75 billion. Rated among the World's Best Big Companies by Forbes magazine, ITC ranks third in pre-tax profit among India's private sector corporations.

More : http://en.wikipedia.org/wiki/ITC_Limited

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

Jindal Steel and Power Limited


Jindal Steel and Power Limited., is India's third largest steel maker after Steel Authority of India Limited and Tata Steel. The company manufacturers sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, and coal based sponge iron plant. It was founded by O. P. Jindal (1930-2005), who started with a bucket making unit. in 1969 he started Pipe Unit Jindal India Limited. On June 3, 2006, Bolivia granted development rights for its largest, and one of the world's largest iron ore reserves to Jindal Steel. With an initial investment of US$ 1.5 billion, the company plans to invest an additional US$ 2.1 billion over the next two years in the South American country.[1] Savitri Jindal is the 19th richest Indian in the world according to Forbes.

More: http://en.wikipedia.org/wiki/Jindal_Steel



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.

Know About: 3i , BP

3i

3i Group PLC is a leading venture capital and private equity firm quoted on the London Stock Exchange (LSE: III), and part of the FTSE 100 Index. It was formed by a syndicate of British banks in 1945 to invest in industry. 3i Group was created in 1987 when the banks sold off their stakes to form a public limited company. 3i stands for investors in industry. Today 3i Group is one of the largest publicly traded capital groups in the world, operating worldwide with €1.5bn of new investments made per annum. As of Q3 2005 3i announced it would not be switching to IFRS, as it had agreed with its auditors (Ernst & Young) that it did not need to, based on its structure.

More @ http://en.wikipedia.org/wiki/3i

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

BP

BP plc (LSE: BP), NYSE: BP, TYO: 5051), formerly known as British Petroleum, is a British energy company / multinational oil company ("oil major") with headquarters in London, England, UK. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies).

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



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.

BT 500: INDIA'S MOST VALUABLE COMPANIES

Business Today, December 16, 2007
BT 500: INDIA'S MOST VALUABLE COMPANIES

Cover Story Fast can’t last
------------------------------------------------

India's Most Valuable Private Sector Companies

India's Most Valuable Public Sector Companies

The Next 500: Companies 501-1000

Mapping the BT 500
-------------------------------------------------------

From the Business Today's Digital Version

How we arrived at the BT 500
This is the 15th edition of BT 500, which means we’ve been publishing this listing pretty much ever since Business Today was launched.
The new boomers
Real estate - Ringing in gains
Bharti Airtel vs Reliance Communications

Editorial Realty show

Policy Watch Talebearer

Leadership Spotlight
Big brand, big ideas

Money
It’s a roller coaster ride

Current
MNCs’ second wind

Trends
India the riskiest economy

More @ eMagazine - BusinessToday

Source: http://businesstoday.digitaltoday.in. 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.

The Economic Times Headlines

The Economic Times

Where there's a WILL... ...there's a woman

India Inc's business confidence on the rise
Stars in the bull run: Bhagyanagar, IVRCL
Mirae Asset gets SEBI nod to start fund operations in India
M&M plans Rs 250 cr investment for five engineering colleges
CRISIL places Nirma on rating watch
Indiareit to raise Rs 4,500 cr
Pandit, Aziz in race for Citi's job

Global triggers, liquidity to guide Dalal Street
Braveheart traders profit from volatility in RPL futures
Perfect Present: Business Confidence Index up 8 pts at 146
Subex Azure is now Subex Ltd
Gujarat NRE Coke soars 8%
MetLife sees higher 4th-quarter, full-year profits
It's advantage India, say corporate titans

Work experience too counts for big jobs, not just MBA
IFCI to sell about 20% stake to IFC
Venture capitalists investment jumps five times to $777 mn
RBI may let in short selling
DLF to spend $2 bn more on IT SEZs
Stocks Platter: BGR Energy, eClerx , Tata Steel
Emkay Share to raise Rs 250 cr via QIP; hits upper circuit

IPOs, FPOs may get faster, cheaper
Seed Infotech in talks to sell 5-10% stake

Private equity, public returns
Stocks you can pick up: Palmolive, DLF, OBC
Small comfort
Wallowing in low spirits
IVRCL - Nothing Works Like Synergy

More @ http://economictimes.indiatimes.com/headlines.cms





Source: http://economictimes.indiatimes.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.

Reliance, Tatas among 100 global challengers: Economic Times

Reliance, Tatas among 100 global challengers

Larsen and Toubro, Suzlon and Bharat Forge may be names not big enough on the global arena as of now, but they along with domestic giants like Tatas, Birla, Mahindra and Ambanis figure among 100 firms posing an "urgent threat to industry leaders" of the world.

According to a new list of 100 New Global Challenger Giants released here today by Boston Consulting Group, India is home to 20 such firms, next only China that accounts for 41. Tata Group alone accounts for one-fourth of Indian participation with five companies -- Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Tea and Videsh Sanchar Nigam Limited (VSNL) -- figuring in the list.

Reliance Group, IT giants Infosys, Wipro and Satyam, automakers Bajaj Auto and Mahindra & Mahindra, pharma majors Ranbaxy, Dr Reddy's Labs and Cipla, Aditya Birla group's Hindalco Industries, L&T, Bharat Forge and Crompton Greaves are also on the list. These new global challengers from rapidly developing economies are globalising so quickly that they pose an urgent threat to the industry leaders globally, the US-based management consultancy major said in an accompanying report.

BCG said that 17 new companies have joined the annual list of 100 emerging giants, including one from India -- Suzlon Energy. These are the firms "that are growing fast, globalising aggressively, and reshaping global industries," it noted. "With over 1.2 trillion dollars in total revenues and more than a half trillion dollars in yearly purchases, the BCG New Global Challengers are already formidable. But their ambitions are daunting... their combined revenues will reach 3.3 trillion dollars by 2010 and a massive 11.8 trillion dollars by 2015,"




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.

MoneyControl, Myiris Updates

MoneyControl.Com

ABB to invest $100 mn in India unit by 2010
Top midcap picks for this season
Dec will be good for mkts: Experts
RNRL can retest Rs 200: Manghnani
FIIs heavy selloff in Nov drag Sensex returns
What's feeding RPL, Essar Oil?
US may see recession in 2008: Morgan Stanley
Sintex Ind arm buys US-based Nero Plastics

Hero Honda Nov sales at 2.88 lakh units
REL to raise Rs 8K cr via pref issue to ADAG
Transformers & Rectifiers IPO price between Rs 425-465/sh
CRISIL IPO grade 4/5 assigned to IPO of Persistent Systems
4 bidders have carried out due diligence: IFCI Board
Jindal St to set up ferrochrome unit in Vietnam: NW18
India's richest four worth $180 bn
Man Ind plans IPO of real eastate arm, stock up
GMR Infra likely to float IPO for GMR Energy

-----------------------------------------------------
Myiris.Com

Brokers Outlook: Market likely to cross 20k
ACC reports 3.27% rise in cement despatches in November
Direct Tax Collection rises 44.86%
Kalpana Industries to acquire Bravia Associates
Phoenix Mills to acquire over 60% stake in United Malls

ArcelorMittal approves sale of 50% stake in Russian company
KEI Industries inaugurates new cable plant at Chopanki
Sun TV launches FM station at Pondicherry
Equity diversified funds gain 3.13% in the week ended Nov.30
Govt. may dilute 10% stake in RINL
India`s fiscal deficit at Rs 822.6 bn during Apr-Oct`07
IFCI to sell nearly 20% stake to IFC



Source: http://www.moneycontrol.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.

Sensex ends 240 pts up : Sify Finance

NSE 5865.00 102.25
BSE 19603.41 240.22

Global cues were not that prominent and there were no great triggers on the domestic front as well. But then, some stock specific stories proved strong enough motivation for the bulls to stay glued to the ring today. A sharp decline in crude oil prices did aid the sentiment to an extent.
So stubborn were the bulls that the market, which opened with a big positive gap, had an uninterrupted stay in the positive territory and had no difficulty in signing off on a high note today. While the Sensex ended the day with a gain of 1.24% or 240.22 points at 19,603.41, the Nifty posted a gain of 1.77% or 102.25 points at 5865.

Power, oil, metal, capital goods, information technology and auto stocks surged higher. Consumer durables sector saw some spirited buying. Select pharma and FMCG stocks had a good outing as well. Bank stocks turned in a lacklustre performance. Reliance Energy powered its way ahead thanks to the company's plans to infuse Rs 8,000 crore over the next couple of years to increase capacity. The stock, among the most actively traded scrips today, ended the session with a hefty gain of 9.35% at Rs 1900.15. IT major Wipro rallied 7.2% to Rs 493.40 on strong buying support. Reliance Communications jumped 5.5% to Rs 711.80.

Tata Consultancy Services (3.85%), Hindalco (3.4%), BHEL (3.05%), Reliance Industries (2.9%), Mahindra & Mahindra (2.65%), Bajaj Auto (2.5%), Maruti Suzuki (2%), Satyam Computer Services (1.85%), Tata Steel (1.6%) and ITC (1.45%) also contributed significantly to the market's buoyant close today.

Ambuja Cements, NTPC, Ranbaxy Laboratories, Grasim Industries, Larsen & Toubro and State Bank of India moved up by 1% - 1.5%. Cipla and Tata Motors closed with modest gains. DLF ended 0.3% up while ACC and ONGC settled with small gains.

IT bellwether Infosys Technologies, which moved in a very tight band today, closed with a marginal loss at Rs 1600.70. Hindustan Unilever lost 0.45%. HDFC Bank (down 1%), HDFC (down 1.35%), Bharti Airtel (down 1.6%) and ICICI Bank (down 1.6%) were seen struggling almost right through the session today.

Tata Power closed with a big gain of 8%. Zee Entertainment spurted 5.55%. Sterlite Industries gained 4.6%. BPCL, VSNL, Punjab National Bank, Unitech and ABB went up by 3% - 4.5% today. Hindustan Petroleum Corporation (2.5%), Reliance Petroleum (2.5%), MTNL (2.05%), SAIL (1.6%), GlaxoSmithKline Pharma (1.55%) and Siemens (1.4%) also garnered attention.

More @ Sensex ends 240 pts up

Sify Finance stories
www.sify.com/finance

Mukand bags Rs 154 cr order
Amtek India to raise Rs 96.25 cr
M&M Nov vehicle sales up 37%
Small-cap pharma stocks outshine Sensex
Sapient KPO unit for capital markets
Moody's affirms investment grade rating to RIL
Coca-Cola to invest $250 m in India
Adhunik group to invest Rs 7200 cr in W.Bengal
KEI Ind Rajasthan plant to add Rs 300 cr revenue
Sintex unit buys US-based Nero Plastics
Not in top 100 in terms of returns
Chidambaram hopeful of progress in financial reforms



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.

Corporates: Bharti AirTel, Essar Group

Bharti Airtel

Bharti Airtel (भारती एअरटेल), formerly known as Bharti Tele-Ventures Limited (BTVL) is among India's largest mobile phone and Fixed Network operators. With more than 50 million subscriptions as of 1st October 2007[citation needed], the company is one of the world's fastest growing telecom companies[citation needed]. It offers its mobile services under the Airtel brand and is headed by Sunil Mittal, India's sixth richest man with a total worth of US$27 billion[citation needed]. The company is the only GSM operator to provide mobile services in all the 23 circles in India[citation needed]. The company also provides telephone services and Internet access over DSL in 14 circles. The company complements its mobile, broadband & telephone services with national and international long distance services. The company also has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore. The company provides reliable end-to-end data and enterprise services to the corporate customers by leveraging its nationwide fiber optic backbone, last mile connectivity in fixed-line and mobile circles, VSATs, ISP and international bandwidth access through the gateways and landing station.

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

---------------------------------------------------------------------
Essar Group

The Essar Group is an India-based diversified corporation with interests in telecommunications, shipping, steel, construction, power and oil. The group has an estimated market value of US$ 15 billion and has an annual revenue of US$ 2.2 billion. Major Essar brand names include Vodafone Essar, Essar Refinery and Algoma Steel.
It is headed by Chairman Shashi Ruia and Vice-Chairman Ravi Ruia.

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




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.

BusinessWorld Magazine Articles

http://www.businessworld.in


Issue dated 3rd Dec 2007
http://www.businessworld.in/content/section/5/27

COVER STORY
Telecom War For Air Waves
Column By Chandrasekhar
Column BY: Anil Sardana
From A CEO, To The PM

SPECIAL REPORT
Economy Ten Hurdles To 10% Growth

Spicejet Have Wings, Can Fly
Retail Carrefour’s Leap Of Faith
Private Equity Time To Take Flight?

US FedRate Expectations Media Room
iPhoneApple Learns To Talk
Reliance Power Paving The Way For An IPO

UP Blasts Terror Tactics
Hydrogen Wonder Fuel Or Hoax?
Technology The Making Of A Supercomputer

Reliance Stopping Short
Real Estate It’s All Derivative / Maximum Mumbai
Marketing International Waters

Power It’s Electrifying
Tea Spread The Aroma
NGO The Changing Climate

IN CONVERSATION
Paul Laudicina, A.T. Kearney‘Size Makes You More Vulnerable’

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

Issue 26 November 2007


COVER STORY
R&D
Research Engine
Spawning An Industry


Regulating Conglomerates
Holding Its Own

Indusind Bank
Making Way For The New

Mutual Funds
Mutual Beneficiaries

Sensex Derivatives
Shaky Future

Index Of Industrial Production
Soft Landing

DNA
Seeking Regional Comfort

Mobile Number Portability
Testing Loyalty

Market Regulation
The Strange Case Of Many Orders
Media Room


Private Equity A Growth Play
Banking Banking On A Licence
Stockmarket Make Way For The Big Boys
Stockmarket Fine-Tuning Futures
Aviation Flight Or Fancy?
Expats For A Few Dollarsless
Banking Jewel In The Crown
Clinical Trials Making The Grade
Telecom Obscurity Rules Telecom
Entertainment Peace Reigns
Technology Steel Gets Plastic Smile
Profile The Mall Man
Infrastructure The Urban Dilemma

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



Source: http://www.businessworld..in 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.

Economic Times Headlines

The Economic Times

Sunil Mittal 3rd richest self-made billionaire in Asia

BT to partner Indian institutes to set up virtual school for higher studies
Inflation rate artificially low: StanChart
Industrialists seek govt intervention to check rupee rise
India may miss some MDG goals: FM
India must not take growth for granted: CII

RCom opposes GSM companies' view on licence fee
Reduce corporate taxes for more investments: KPMG
M&M plans Club Mahindra IPO
Indian mkt situation is not so gloomy
Brokerage Platter I Weekend Platter

IFCI decides to up stake of state-run banks
PGCIL, 3 others to submit final bids for TransCo
ADAG to infuse up to Rs 8,000 cr new equity in Reliance Energy
SAIL to invest Rs 15,000 cr; open to diluting govt stake
GMR to invest Rs 60,000 cr in power, coal

Miss China crowned Miss World '07
D-Street loves dollar twice over rupee
LIC pips DLF to grab Chennai realty deal
South a better realty market than North: Citigroup
Real estate sector may see $30 bn FDI in 10 yrs: Assocham
Jain Irrigation's founder-chairman gets UNESCO award

More @ www.theeconomictimes.com



Source: 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.

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

www.vccircle.com

Thanks Everyone For Making It To The VC Circle Forum In Bangalore
Bharti Telesoft Close To Acquiring Jataayu Software For $20 Million
Jobs: Investment Analyst, Lok Advisory Services; Location: New Delhi
Jobs: Hedge Fund Analyst-India & Sector Role; Location: Hong Kong
3i India Infrastructure Fund Invests $101 Million In Hyderabad’s Soma Enterprise

Mobile Advertising Firm mGinger Gets $2 Million From DFJ, NEA Indo-US
Will Stock Broking Firms Rush To Do IPOs?
Government May Allow PE Funds To Bid For Infra Projects
The Rise Of Asian Limited Partners
Info Edge Valued At Over $1 Billion; Enters F&O List

Harish Fabiani’s Frontline Strategy Launches $200 Million Growth Fund
Citigroup Venture Capital Acquires Stake In Bulk Drug Maker Unimark
Nikhil Gandhi’s SKIL Group, Iceland’s Askar Capital To Form $500 Million PE Fund
ICICI Venture Closes $800M Investment In Jaypee Infratech: Report
“We Plan To Offer Wholesome Entertainment To 300-Million-Plus Pre-Teen Kids”

Tech Transfer Firm i2india Holdings Raises $3M From DS Brar, Donald Peck

----------------------------------------------------------------
www.indiape.com

ICICI Ventures to pick up 5% stake in MCX
India's realty sector to get $30 bn foreign investment
Tano Capital Invests $15 Million in ABG Motors
PEs, VCs may get direct invite to core projects

PE funds took 9% stake in Vatika group for about $250 million.
PEs take fancy to pharma cos with outsourcing deals
Nexus India Launches US$100 Mil. Fund
Shell to buy BPCL's stake in Bharat Shell for Rs 152.4 cr

Prime Focus to acquire 2 US firms for $43 mn
Walt Disney set to take control in UTV
mGinger gets $2 mn VC funding
DE Shaw to invest $60 mn in Gemini Inds

Securitas invests $17 mn in India's Walsons
3i India infra fund invests $101 mn in Soma Enterprise
Valuemart acquires majority stake in Datatalk services


India attracts more US PE funds than China: Permanent Link
Nirma to acquire US firm for over $200m : more »
Punj Lloyd, US PE pick Airworks stake for Rs 100 cr: more »




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.

BusinessLine stories

www.businessline.in

P-Note aftermath: More FIIs come in, but stay cautious
FII impact: SEBI, RBI views differ
Index Outlook
Valuation rules adding to transaction costs: Exporters

FIPB defers decision on ByCell proposal
Festive season fails to sustain momentum for two-wheelers
ITC set to experiment with small vendors
Power stocks: Caution, high voltage

Bartronics India: BuyInvestors with a one to two year perspective can buy the shares of Bartronics India, considering its strong business prospects and reasonable valuations. At the current share price of Rs 214, the stock trades at about 16 times its current ... More

Maruti Suzuki: Buy / Pratibha Industries: Buy / Aegis Logistics: Buy

Manic October in F&O: A warning sign?
Power stocks: Caution, high voltage
More for diversity than high returns
Sundaram BNP Paribas Rural India Fund: Hold
Birla Top 100: Cautious on IT
Fund Talk

Query Corner / Index Outlook
Nifty future still at critical stage / Trader's Corner
Prominent bulk deals on NSE & BSE
Baskets of X / Bull's Eye
‘Institutional interest is on the increase’
A lot of money chasing deals
Investment Nuggets



Source: http://www.businessline.in. 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 provided. Blog is not responsible for any faulty information.

Financial Jobs alerts and Stock info

Finance Openings in Sundaram BNP Paribas Fund
Sundaram BNP Paribas Mutual offers you exciting opportunities in the following departments-
Finance & Administration
Investments
Product & Risk Management

Interested candidates can send in their resumes to hrd@sundarambnpparibas.in
Company site:http://www.sundarambnpparibas.in/?cmd=home

-----------------------------------------------------
Equity Reaearch Openings in Pi Business Research
Some of the current job vacancies are:

Equity Research Analysts
CFAs
Content writers with degree in English, Journalism or Mass Communication
Technical Writers

Pi Business Research is an upcoming business research and content development organization is looking for talented writers to join the team. if you have an intrinsic love to research and write on a wide range of subjects, then send your CV to contact@pibusinessresearch.com
For more information visit company site at:http://www.pibusinessresearch.com/index.aspx

------------------------------------------------------
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. Interest candidates are requested to email their resume at hrd@baljitgroup.com. Please mention the head which you are applying for as subject.

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

Company Requirements:You will be expected to work in a highly-challenging and professional environment. You should either be an MBA, preferably with an Engineering background from a reputed institute, or a CA/ ICWA, with relevant work experience with Investment Banks/ Consulting Firms/ FIIs/ Large Corporates with Multi-functional activities, etc. Knowledge of Company Law, SEBI guidelines, International Business, FEMA, IAS, GAAP and overall regulatory environment would be an additional asset. Resumes can be mailed to:jobs@singhi.com
visit company site for more information:http://www.singhi.com/index.html

------------------------------------------------------
The markets ended on a very positive note on Friday.This trend is expected to continiue in the coming days going by the way things are shaping up.

Markets outlook and Sector Picks
------------------------------------------------------
Listed are 3 stocks which are trading below Rs. 100 but have the potential to double with a 1-2 year investment horizon.These stocks are selected on basis of the industry prospects,current value and strong fundamantals.Complete reports to follow.

Low Price High Potential Stock Picks
---------------------------------------------------------

Company:Himalya International Ltd.Industry:Food Processing - Fruits & VegetablesCMP:21.78 PE Ratio:11.24Recommendation:Outperformer

Low price multibagger stock pick

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

Source: www.kpowave.blogspot.com and http://freestocktips-2007.blogspot.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 provided. Blog is not responsible for any faulty information.

Six Indians on Forbes' self-made billionaires list: Yahoo India

Six Indians on Forbes' self-made billionaires list

New York, Dec 2 (IANS) Six Indians, led by Sunil B. Mittal of Bharti group and Ramesh Chandra of Unitech, are among 20 self-made billionaires of Asia featured by Forbes magazine. The list also includes a Malaysian-Indian, Anand Krishnan.

Mittal is ranked third with a personal fortune worth $12.5 billion, followed by Chandra (4th, $11.6 billion) and Tulsi Tanti of Suzlon (5th, $10 billion). The other Indians are Gautam Adani of the now-diversified Adani Group (10th, $6.7 billion), G.M. Rao of infrastructure major GMR Group ($6.2 billion, 13th, and Uday Kotak of Kotak financial services group (20th, $4.6 billion).
Anand Krishnan of Malaysia, who is ranked sixth with a personal fortune of $7.4 billion, runs his country's largest mobile phone network, and also has a joint venture with the Chennai-based Sun TV group for satellite television.

Forbes says Sunil Mittal started his business in 1976 with just $1,500 borrowed from his father. 'Later he co-founded Bharti with two brothers. Now their Bharti Airtel is nation's largest mobile-phone operator with over 50 million customers.''When Indian billionaire G.M. Rao flunked the 10th grade, his father urged him to drop out and work with him. But Rao persuaded the village doctor, a family friend, to lean on his father to let him return to school,' Forbes says.
The magazine further says Rao was the first from his family to go school, joined the family's commodities business and then diversified into sugar, alloys and breweries, which had to close shop due to prohibition.

'Since then he has won bids to modernize airports at Hyderabad and Delhi. In July, he won a $2.7 billion contract to build a new airport terminal in Istanbul in a consortium with Malaysia Airports.' Ramesh Chandra, who is the son of a banker, studied structural engineering in Britain and later moved in to residential real estate, building middle-income housing in southern and eastern India.

The magazine says his flagship Unitech is now run by his two sons and expanding from residential development into theme parks and shopping malls.

Tanti has been described as a self-made billionaire who started as a textiles trader and turned to alternative energy when escalating power costs threatened to put him out of business.
'With three brothers, he started a wind power venture in 1995. Now, his Suzlon Energy is the largest wind power company by market-cap in the world.'

Adani, Forbes says, dropped out of college and started his enterprise in the 1980s, importing scarce plastic polymers. 'He took company public in 1994; moved into ports, call centers, edible oils.'Kotak, an ardent cricket fan who played for his college, spurred his family's trading business to start finance firm. He then converted the finance firm into a bank and his stocks are soaring since buying out Goldman Sachs last year.




Source: http://in.news.yahoo.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 provided. Blog is not responsible for any faulty information.

Myiris, Moneycontrol Updates

Moneycontrol.Com

FIIs see Indian mkts moving up from here
Mobile operators must return excess spectrum: A Raja
Five stocks that will rise high in future
December offers best returns to investors
Reliance Petroleum can retest Rs 290: Gujral
Does arbitrage on new F&O entrants pay?

Maruti Nov sales up at 69,699; Bajaj Auto flat at 2.11lakh
Wall St end mixed; worst monthly drop in 5-year for Dow
Fed may cut rates again post 11 Dec meet: JP Morgan
10% discount for retail category in primary mkt a good move
Reliance Petroleum can go up to Rs 300

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

Myiris.Com

Reliance Energy board to consider fund raising
Life Insurance industry grows 47.38% in FY07
Videocon acquires 2,000 acres in WB
Restrictions on P-notes hit FII inflows & Indian blue chips



Source: http://www.moneycontrol.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 provided. Blog is not responsible for any faulty information.