07 December 2007

Personality of the Day: Venugopal Dhoot, Videocon

Venugopal Dhoot

Venugopal Dhoot (Born 1944 in Mumbai, India) is an Indian business tycoon. He is an alumni of prestigious Sydenham College, Mumbai. He was born into a wealthy farming family. He is married, and has two children. His personal fortune is estimated as the equivalent of 1.6 Billion United States dollars, making him a billionaire. His father, the late Nandlal Madhavlal Dhoot, set his sons up in his business, Videocon Electronics. The company's major breakthrough came when it received one of India's first licenses to make color televisions. As of 2006, Venugopal is its chairman, and it now makes a wide range of electric and electronic items. His company recently bought a color picture tube unit from the French company Thompson SA, and a refrigerator business from Swedish company Electrolux. According to Forbes, he is the eighteenth richest man in India. His brother, Rajkumar, is a member of the Indian Parliament.

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




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06 December 2007

Economic Times Headlines

Bosch plans to invest Rs 850 cr in India; to rename MICO
Dabhol power plant may be fully operational by February: Deora
Gujarat architect firm Karan Grover and Associates wins US award
Times Financial, RCom arm tie up for mobile money transfer
House of Pearl acquires 50 pc in UK-based marketing firm
Kuwait Petro in JV talks with Reliance Industries
Biocon to launch oral insulin drug by 2010

Maharashtra Seamless to buy Romanian plant
REL, DLF, 16 others bid for Ganga Expressway
Unitech to invest Rs 20,000 cr to develop 48 malls in 6 years
Small steel stocks up on 'Heavy Metal' JVs
Infosys won't make you a millionaire anymore
Soaring stock prices scuttle cos' open offer plans
Sun Pharma settles Exelon patent case with Novartis

Unitech to hive off retail business, may list on AIM
Birla Sun Life infuses Rs 123 cr into base-capital
BSE feels the jitters as NSE ramps up F&O segment
GVK approves 10-for-1 stock split

More news@ www.theeconomictimes.com



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World News: AOL, ET

http://money.aol.com


Bush to Unveil Mortgage Relief Plan
President Bush is expected to outline a plan to freeze mortgage rates for five years for many homeowners facing sharp increases in their monthly payments, sources say. Officials fear that if nothing is done, half-a-million borrowers risk losing their homes.

Jobless Claims Make Big Drop
Coca-Cola CEO Isdell Steps Down in July
Retailers Post Sluggish November Sales
Toll Brothers Drops to 4th-Quarter Loss
5-Year Mortgage Rate Freeze Looms
Bank of England Cuts Interest Rates
ECB Holds Steady After BoE Cuts Key Rate

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Economic Times.Com


China Baosteel, Sinosteel ink raw materials deal
China wants rich nations to support tech fund
London woos Indian firms with 'free space'
UK home prices fall in November
US airlines to cut capacity
EU slaps fines on 5 chemical giants
US Treasury chief urges China to revalue currency
East Asian trade strategy seen as wake up call for US
Global techology spending growth to slow in 2008: IDC
GE says wants to continue alliance with Safran
Arcelor Mittal plans $700 mln Kazakh investment: CEO


Slovenia paint producer Helios buys Ukrainian Avrora
Climate talks: Japan's pro-US stance draws flak
US regulators, lenders may opt for five-year freeze on subprime rate
China may tighten money market to cool economy
South America plans rival to IMF, World Bank
Bush set to unveil plan to battle subprime crisis
Bush for freezing certain subprime rates for 5 yrs
RBS profits to beat forecasts, $2.5 bln writedown
Russian steel maker NLMK buys $600 mn Maxi stake
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy



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Myiris, Moneycontrol Updates

MoneyControl.Com

Omaxe likely to announce $5 bn deal: Sources
Bank of England cuts key interest rates by 25 bps

New fund flows to propel mkts higher: Experts
Top midcap picks: Riddhi Siddhi, KEI
Bullish on GBN, Hind Zinc: Pranav Sec
CESC raises $150 m via QIP issue: Sources

Steel stocks hog limelight; Bhuwalka Steel star performer
Knock-out performers of last 3 days
Silverline Tech, a dangerous phoenix
Shikha Sharma is CNBC-TV18 Woman Biz Leader of Yr!
BMVSS bags CNBC-TV18 Social Enterprise of Yr Award

Sun Ph bags CNBC TV18 First Gen Entrepreneur of Yr
CNBC-TV18 IBLA'07 honours Bickey Oberoi, Late Aditya Birla
Mukesh Ambani, Bharti Airtel win IBLA'07 Award
Maruti marketshare up at 59%
Indian power cos in stake race for 3 S'pore-based cos

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Myiris.Com

Brokers` Outlook: Market likely to trade sideways on Friday
FIIs remain net buyers in equities worth Rs 10,813 mn on Dec. 5
Union Bank of India to venture into life insurance
Omaxe, GVK & NCCL applies for projects worth Rs 300 billion
Ranbaxy to manufacture & market ARV combination in India

Bajaj Hindusthan Sugar commences operation at two new sugar plants
Jubilant arm collaborates with Forest Laboratories Holdings
ICICI direct recommends `Outperformer` on Oriental Bank of Commerce
House of Pearl acquires 50% stake of FX Imports (update)
Active Stock: Silverline Technologies surges 1183.84% on relisting at BSE

Transformers & Rectifiers IPO opens on Dec. 7
HB Stockholdings hikes stake in DCM Shriram to 14%
Active Stock: Alchemist Realty surges 5% on news of bonus in the offing
Maharashtra Seamless in last lap to acquire Romanian plant (Update)
Govt. approves SBI`s Rs 100 bn rights issue

RIL may strike alliance with Kuwait oil major
CVC acquires 7% stake in Shiv-Vani Oil for Rs 1 bn
Apar Industries inks pact with Italian co.
Wipro`s Infocrossing bags USD 400 mn contract




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

VCCircle.com

Citigroup Venture Capital Invests Rs 130 Crore In BGR Energy Systems Pre-IPO
IDG Ventures Puts In $2.5 Million In Network Security Startup iViZ
Istithmar, Sindicatum To Raise $600 Million Cleantech Fund; To Invest In India Too

Biyani Meets Chandra: Indivision Invests Rs 250 Crore For 4.9% In Dish TV
ICICI Venture, ICICI Bank To Raise $8 Billion For Private Equity Investments
Kanwal Rekhi’s Inventus Capital Partners Ready To Kick Off

Japan’s Mizuho Corporate Bank Eyes Indian Leveraged Buyout Market
Life Sciences VC MPM Capital To Start Making Investments In Six Months
Citigroup Venture Capital Invests $25 Million In Shiv-Vani Oil & Gas

Exclusive: Blackstone To Invest $50 Million In Pipavav Shipyard
Jobs: Product Manager, Four Interactive, Bangalore

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IndiaPE.Com

Axon Infotech acquires 51% stake of Quasar Innovations
Ybrant buys Israeli firm for $13 mn
Jacob Cap, JM Fin eye 10% in Sayaji Hotels
Global PE investors to increase exposure to Indian market

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




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Blog RoundUp

http://www.deadpresident.blogspot.com

India@Risk 2007
Tata Motors, Oil drilling, Cement
Gulshan Sugars, Ahluwalia Contracts
Post Session Market Commentary
Transformers and Rectifiers, Brigade Enterprises, ...
Today's Pick - JB Chemicals

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http://www.kpowave.blogspot.com

4 Openings in Equity research and Investment Banking
The 4 openings are for:1)Lok Advisory Services New Delhi, India2)A Large US Hedge Fund Hong Kong3)Singhi Advisors Bangalore, India4)TresVista Financial Services Pvt Ltd Mumbai, IndiaFor more details and to apply use the link below:http://dealjobs.net/

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

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http://freestocktips-2007.blogspot.com/

Attractive Stock Picks for Near Future
Listed are some good stocks which have the potential to go up anytime and are relatively undervalued or have been sidelined for long but still are fundamentally strong stocks and can give good returns to investors. More.....Attractive Stock Picks for Near Future

Multibagger Stock Pick-Bata India
Company:Bata India Ltd.Industry:Leather/Synthetic -
Recommendation:Outperformer

Low Price High Potential Stock 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.

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

Sensex ends 58 pts up : Sify Finance

Sensex ends 58 pts up

NSE 5954.70 14.70
BSE 19795.87 57.80

The Sensex, which breached the 20,000 mark at the bell - it opened at 20,018.17, around 280 points higher than its previous closing mark - and edged up to 20,064.31 in early trade. Strong global markets and some stock specific developments contributed to the early surge today. However, the market turned a bit choppy after that as participants appeared reluctant to hold on to their positions at higher levels.

A sudden and sharp bout of selling pressure even pushed the Sensex down into the red during the fag end of the session. However, thanks to buying at lower levels, a few front line stocks regained some lost ground and the barometer managed to sign off on a positive note today.
While the Sensex closed with a gain of 57.80 points or 0.29% at 19,795.87, the Nifty, which hit a new all-time high this morning when it rose to 6027.05 after opening at 5941.05, ended the day with a modest gain of 0.25% or 14.70 points at 5954.70. The Nifty plunged to a low of 5919.80 as selling pressure engulfed the market during the closing minutes.

Cipla (4.9%), ICICI Bank (3.25%), Reliance Energy (3.15%), HDFC (2.65%), Bharti Airtel (2.3%), Infosys Technologies (2%), DLF (1.75%), Mahindra & Mahindra (1.45%) and Ranbaxy Laboratories (1.3%) recorded strong gains today.

Maruti Suzuki moved up by 0.9%. State Bank of India and Tata Motors ended higher by around half a per cent. Hindustan Unilever, NTPC, Reliance Communications and Tata Consultancy Services moved up marginally. Ambuja Cements and ITC ended almost unchanged from their previous closing levels.

Hindalco eased by 3.1% to Rs 193. Grasim Industries lost more than 3%. Bajaj Auto (down 2.55%), HDFC Bank (down 2.4%), Tata Consultancy Services (down 2.1%), BHEL (down 1.3%), ONGC (down 1.15%), Wipro (down 1.1%) and Reliance Industries (down nearly a per cent) also closed with sharp losses. ACC slipped by 0.9%. Larsen & Toubro and Satyam Computer Services also closed on a weak note.

Sun Pharmaceuticals, SAIL, Zee Entertainment, Punjab National Bank, BPCL, Tata Power and MTNL were among the prominent losers in the Nifty index. Hero Honda, GAIL India, Hindustan Petroleum Corporation and ABB also finished with sharp losses.

Unitech zoomed to a high of Rs 445.80 in intra-day trades and despite finishing far lower at Rs 430.20, posted a smart gain of 9.5%. Sterlite Industries notched up a gain of 3.45%. Suzlon Energy (2.7%), Siemens (2.65%), Reliance Petroleum (1.65%) and Nalco (1.2%) also ended on a firm note.

Chambal Fertilizers, Omaxe, FDC, Apollo Tyres, HTMT Global, Idea Cellular, JB Chemicals, Mirc Electronics, Rashtriya Chemicals & Fertilizers, Bongaigaon Refinery, Aditya Birla Nuvo, Mastek, Asahi India and Aurobindo Pharma were among the notable gainers today.
Jindal Saw, Godrej Consumer Products, Tata Elxsi, Geometric Software, Exide Industries, Escorts, Neyveli Lignite Corporation, Arvind Mills, Gujarat Minerals, Bombay Dyeing, Indian Overseas Bank, Jaiprakash Associates, Syndicate Bank, Ingersoll Rand, Mangalore Refineries & Petrochemicals and Alok Industries drifted lower on selling pressure.

Thanks to strong buying in midcap and smallcap stocks, the market breadth remained positive right through the session today. Out of 2887 stocks traded on BSE, 1805 stocks closed on a positive note. 1043 stocks ended in the negative territory and 39 stocks finished at their previous closing levels.

Other Top stories @ www.sify.com/finance

Unitech to invest Rs 20,000 cr to develop 48 malls
Mitsui JV to take 24% stake in Jayant Agro unit
Religare plans non-life insurance entry
NTPC, CIL to float SPV to mine coal, build power plants
Bilcare at new high on Wales unit plan
RIL hunts for $15 b overseas buyout
In Focus: JB Chemicals



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Know About: Citigroup, Bank of America

Citigroup

Citigroup Inc, operating as Citi, is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998.[3] According to Forbes Global 2000 in March 2007, it is the world's largest company, with total assets of US $2.4 trillion (Sept 2007) [4] The company employs 332,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries.[4] It is a primary dealer in US Treasury securities[5] and its stock has been a component of the Dow Jones Industrial Average since March 17, 1997.[6] Its single largest shareholder is Abu Dhabi Investment Authority.

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

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Bank of America

Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the 2nd largest company of its kind in the world behind Citigroup.[4][5][6]

Before 1998, the Bank of America organization that exists today was known as NationsBank and was previously known in earlier years as North Carolina National Bank before being abbreviated to "NCNB" as it branched out of its home base of Charlotte, North Carolina. In 1998, NationsBank acquired San Francisco-based BankAmerica and renamed the corporation "Bank of America".

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



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Personlity of the Day: Subramaniam Ramadorai, TCS

Subramaniam Ramadorai

Subramaniam Ramadorai (இராமதுà®°ை Tamil) is CEO and Managing Director of Tata Consultancy Services Ltd (TCS).During the past 30 years, S. Ramadorai, has played an integral role in the international development of Tata Consultancy Services (TCS). His efforts have helped make TCS one of the world's largest global software and services companies with 92000 associates working in 53 countries, operating out of over 151 offices worldwide, and with revenues over US$ 4 billion.

Ramadorai was born in Nagpur, Maharashtra and did his school education from Sardar Patel Vidyalaya, New Delhi. He holds a Bachelor's degree in Physics from Delhi University, India, a Bachelor of Engineering degree in Electronics and Telecommunications from the Indian Institute of Science, Bangalore, India, and a Masters degree in Computer Science from the University of California, USA. In 1993, Ramadorai attended the Senior Executive Development Program at the MIT Sloan School of Management.


More details@ http://en.wikipedia.org/wiki/Subramaniam_Ramadorai



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05 December 2007

Economic Times Stories

http://economictimes.indiatimes.com



Mahindra and Mahindra unveils new Scorpio
Second rung stocks outshine
Investors need to be realistic about returns expectations
Challenges increase for Indian banks: Fitch Ratings

Blue Star to buy electrical contracting firm
RIL plant shutdown may hit LPG supply
Gulf investors pick up 18% in Parekh Aluminex
JSW Steel November crude production up 16 pct
Reliance Entertainment in 50:50 JV with GWC
Just one girl in 10 students making it to IIMs: Survey

Foxconn to invest $1.5 b in TN to make mobile parts
BT to buy Singapore's Frontline for $140 mn
India has capability to send spacecraft to Mars
Power companies' operating margins up
Rupee eases on suspected RBI intervention, gold up
Banks should attract more individual depositors: Reddy

NSE bans trading in 7 F&O contracts
Heard on the street
Prabhudas Picks; Balaji Tele, Deccan Chronicle, HT Media
Stocks to buy: Max India, SBI, BBHL
Nitin Fire to buy 40% in Dubai fire protection co
Essar Steel to continue trading on bourses: SAT

Extra load off MF investors




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.

Know About: Royal Dutch Shell,Total S.A

Royal Dutch Shell

Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of 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). The company's headquarters are in The Hague, Netherlands, with its registered office in London, United Kingdom (Shell Centre).[1]


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

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Total S.A

Total S.A. (Euronext: FP, NYSE: TOT) is an oil company headquartered in Paris, France, and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer.

More@ http://en.wikipedia.org/wiki/Total_S.A.



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25 most powerful people in business: CNNMoney Article

Power 25
25 most powerful people in business
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 businesspeople in the world.

Steve Jobs Rupert Murdoch Lloyd Blankfein Eric Schmidt, Larry Page, and Sergei Brin Warren Buffett Rex Tillerson Bill Gates


More @ http://money.cnn.com/galleries/2007/fortune/0711/gallery.power_25.fortune//index.html


Other Special Stories:

8 big ideas to watch in '08

Most cost-effective hybrids

FSB 100: America's fastest-growing small companiesAmerica's 100 fastest-growing small public companies. See the full results, plus top 25 companies by revenue growth, stock performance, and more.




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RIL eyes world-scale acquisitions of upto $15 bn : ET

RIL eyes world-scale acquisitions of upto $15 bn

India's top private energy group, Reliance Industries Ltd, signalled a major shift in growth strategy on Wednesday, saying it was on the prowl for world-scale acquisitions of up to $15 billion as soon as next year. Reliance, controlled by India's wealthiest man, Mukesh Ambani, has grown into one of the world's leading refiners and petrochemical firms by following an organic path, while powerful Indian peers such as Tata Group expanding aggressively overseas.

But that may be about to change, Atul Chandra, the president of Reliance's international oil business, said at the Reuters India Investment Summit. "We would be looking at major acquisitions, there is no question, because our growth cannot come only in the organic. We are always looking at opportunities where we find hidden value," he said. "All companies look for acquisitions all the time, but I can say that we would look more seriously from this year onward." "If we do something it will be world scale, it will be a major acquisition ... Such acquisitions could be in excess of $10 billion to $15 billion," said Chandra, who leads the global hunt for oil and gas assets for India's biggest listed firm.

He did not say whether the company would be more likely to buy into upstream exploration or production assets, or to expand its core downstream refining and petrochemical activities. Reliance finished building its 660,000 barrels-per-day (bpd) export-oriented refinery in western India in 2000, and next year subsidiary Reliance Petroleum will commission an adjacent plant that will lift joint capacity to over 1.2 million bpd, making it the biggest such complex in the world.

With growing crude oil demand Reliance, which has a market capitalisation of more than $100 billion, needs to boost overseas output to help ensure supplies, he said. "We would like to have oil production close to 400,000 bpd for ourselves, as a part of supply security for the refinery," said Chandra, who led the successful overseas expansion of state-owned ONGC Videsh in the 1990s. "We hope 100,000 bpd should be available from India. Therefore I should look at another 300,000 bpd overseas." Reliance could begin looking for more refining deals once the $6 billion refinery project is finished in mid-2008, he said. "At this time when the construction is on the peak we would not like to divert our resources, but we would like to look for such opportunities in four to five months," he said.

Tata Steel Ltd made corporate India's biggest-ever overseas takeover with its $13 billion purchase of Corus this year, but Reliance's acquisitions -- such as Malaysian polyester maker Hualon for a reported $250 million this year -- have been of a far smaller scale. In 2005, it was linked to a possible bid for Innovene, oil major BP Plc's petrochemicals business, which was sold to British chemicals firm INEOS for $9 billion.

Other stories

ONGC Videsh OKs Hinduja tie up for Iran assets
Ukrain's NaftoGaz bags Rs 725-cr contract from ONGC
Reliance awarded another exploration block by Oman



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.

Gainers List: Rediff.Com

www.rediff.com


Top Gainers:


Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 54.75 68.30 + 24.75
+
FDC Ltd. A 31.10 37.30 + 19.94
+
HMT Ltd. A 91.15 100.25 + 9.98
+
Syndicate Bank A 109.40 120.25 + 9.92
+
Tata Elxsi Ltd. A 258.75 284.30 + 9.87
+
GAIL India Ltd. A 439.80 481.85 + 9.56
+
Nestle India A 1,312.35 1,433.05 + 9.20
+
IndusInd Bank A 117.30 127.20 + 8.44
+
Neyveli Lignite A 244.70 264.85 + 8.23
+
Vijaya Bank A 79.85 85.90 + 7.58
+
Apollo Tyres A 41.75 44.90 + 7.54
+
Escorts Ltd. A 155.90 167.55 + 7.47
+
Dena Bank A 82.30 88.40 + 7.41
+
BASF India Lt A 252.10 269.30 + 6.82

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+
Broadcast Initiative B1 53.75 64.50 + 20.00
+
Kajaria Ceramics B1 29.25 35.10 + 20.00
+
Unity Infraprojects B1 710.70 852.80 + 19.99
+
JBF Industries B1 162.15 194.55 + 19.98
+
Anil Products Ltd. B1 86.40 103.65 + 19.97
+
Sahyadri Industries B1 53.60 64.30 + 19.96
+
Nandan Exim B1 4.06 4.87 + 19.95
+
AMD Metplast Ltd. B1 42.40 50.85 + 19.93
+
Visa Steel B1 46.45 55.70 + 19.91
+
Nahar Investments & B1 25.65 30.75 + 19.88
+

Maadhav Granite and B1 91.95 110.05 + 19.68
+
STL Global Ltd. B1 26.00 31.10 + 19.62
+
Circuit Systems (Ind B1 30.20 35.70 + 18.21
+
Harrisons Malaya B1 98.50 116.00 + 17.77
+
Aarti Ind. Ltd B1 30.85 36.25 + 17.50
+
Hind. Motor B1 42.85 50.25 + 17.27
+
Gwalior Chemical Ind B1 87.65 102.75 + 17.23
+
Garden Silk Mill B1 80.75 94.60 + 17.15
+
Zee News Ltd. B1 70.60 82.15 + 16.36
+
Mahindra Forgings Lt B1 240.00 276.40 + 15.17
+
Modipon T 70.55 81.00 + 14.81
+
Apar Industries B1 327.20 375.05 + 14.62


More List @http://money.rediff.com/money/jsp/daily_gainer.jsp



Source: http://www.rediff.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.

Myiris, Money Control.Com Stories

Myiris.Com

Brokers Outlook: Fed meet next trigger for markets
Centre to launch New Fertilizer Investment Policies:Paswan
FM approves 16 FDI proposals worth Rs 6474.7 mn
GTL buy backs equity shares
EPIC Energy introduces GSM enabled REMS
Fortis Healthcare plans USD 500 mn investment

ONGC Videsh may strike alliance with Hinduja`s
Holcim increases stake in Ambuja Cements to 46%

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MoneyControl.Com

IOB, Escorts, HPCL are top picks for Dec: Experts
Reliance seeing $10-15 bn upstream acquisition
Hind Motors has target of Rs 65
Kingfisher-Deccan merger may be on the anvil
Will new midcaps be a part of tomorrow’s rally?
DLF plans mutual fund biz in India with Prudential

May up promoters' stake in key grp cos to 51%: Ratan Tata
Indian Overseas Bank can touch Rs 198-214: N Pillai
Chambal Fertilisers has target of Rs 102: Gujral
Oil space foray generates interest in Videocon
Welspun Gujarat can touch Rs 540: Anu Jain
Stocks to watch: Ispat,Tata Motors, Gail

Angel Broking bullish on Tata Steel, SAIL
WWIL surging higher on some corporate action
Videocon Ind may hive off power biz




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Sensex rebounds, ends 209 pts up: Sify India

Sensex rebounds, ends 209 pts up

NSE 5940.00 81.65
BSE 19738.07 208.57

Unperturbed by weakness exhibited by stocks on the US and Asian bourses, the bulls entered the ring with firm conviction this morning, and despite turning a bit restless at times, remained fairly busy till mid afternoon. After that, with a positive start on the European markets boosting the sentiment, they went on a rampage and drove the market to a buoyant close today.
Till about the final hour, only a few select stocks, notably those from auto and oil sectors, were seen trading firm. However, as the mood turned upbeat, stocks cutting across sectors rallied higher and posted smart gains.

While the Sensex, which rose to a high of 19,790.92 in late afternoon trade, ended the day with a gain of 208.57 points or 1.07% at 19,738.07, the Nifty ended with a gain of 1.39% or 81.65 points at 5940, a few points off its intra-day high of 5949.30.

ONGC, which moved up by 4.3% to Rs 1206.30, gained the most among the Sensex components. Tata Motors, which rallied to a high of Rs 783 on sustained, buying support, ended the session with a handsome gain of 3.95% at Rs 771.75. Banking sector heavyweights State Bank of India (2.85%), ICICI Bank (1.9%) and HDFC Bank (1.65%) rebounded smartly during the final hour and ended on a firm note.

Hindalco gained 2.85%. Cipla notched up a gain of 2.5%. NTPC (2.15%), Larsen & Toubro (1.9%), Reliance Industries (1.4%), Ranbaxy Laboratories (1.35%) and Bajaj Auto (1.15%) finished with impressive gains. Reliance Communications, DLF, Wipro, Maruti Suzuki and ACC ended with modest gains. ITC, BHEL, Mahindra & Mahindra, Bharti Airtel, HDFC and Tata Consultancy Services settled marginally higher than their previous closing levels.

Tata Steel, Infosys Technologies, Satyam Computer Services, Grasim Industries, Reliance Energy, Ambuja Cements and Hindustan Unilever closed weak due to lack of support.
The market reacted favourably to GAIL India signing a memorandum of understanding with Reliance Industries for. The stock zoomed 9.55% to Rs 481.40 today. Hindustan Petroleum Corporation recorded a smart gain of 6.45%.

BPCL, Sun Pharmaceuticals, GlaxoSmithKline Pharma, Reliance Petroleum, Unitech, Nalco, Siemens, Zee Entertainment, Dr. Reddy's Laboratories, SAIL and Tata Power were the other prominent gainers from the Nifty. Ispat Industries zoomed by nearly 25% on strong volumes. FDC vaulted 20%. HMT, Syndicate Bank, Tata Elxsi, Nestle, IndusInd Bank, Neyveli Lignite Corporation, Vijaya Bank, Apollo Tyres, Escorts and Dena Bank moved up by 7% - 10%. BASF India, JB Chemicals, Lanco Infratech, Jindal Saw and Power Finance also ended with handsome gains.

Zee News, Wire & Wireless, SRF, Networth Financial Services, Essar Shipping, Development Credit Bank, Shiv Vani Oil, MindTree Consulting, GTL Infrastructure, Redington India, Apollo Tyres, Eicher Motors, Nagarjuna Constructions and Global Broadcast News were some of the big gainers from the midcap space.

Kajaria Ceramics, Kemrock, Unity Infraprojects, JBF Industries, FDC, Visa Steel, Aarti Industries, Hindustan Motors, Gwalior Chemicals, Garden Silks, Mahindra Forgings, Apar Industries, Supreme Petro, Link House, Viceroy Hotels, Crest Animations, Mukand and Roman Tarmat were among the strong gainers in the smallcap index.

Thanks to widespread buying, the market breadth was highly positive today. Out of 2891 stocks traded on BSE, 2164 stocks finished on a winning note. 687 stocks ended weak and 40 stocks ended unchanged from their previous closing levels.


Other Top Stories @ www.sify.com/finance

Dish TV to raise Rs 250 cr
Visesh Infotecnics raises $10 m
ONGC Videsh, Hindujas may tie up
FII registrations set to top all-time high
BFSI is private equity's hot spot
Mutual fund assets take a 3.3% dip
Kamat buys 60% stake in Concept Hospitality
JSW Steel Nov crude steel production up 16%

Indiabulls gets clean chit in IPO scam
Deal with Reliance pushes up GAIL
Ashok Leyland down as Nov sales dip
REL promoters keen on insurance cos stake



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04 December 2007

Know About: BCG, McKinsey

Boston Consulting Group

The Boston Consulting Group (BCG) is a prestigious management consulting firm founded by Bruce Henderson in 1963. The company was formed when Henderson, a Harvard Business School alumnus, left Arthur D. Little to accept the challenge from the CEO of the Boston Safe Deposit and Trust Company to start a consulting arm for the bank.In 1965 Henderson thought that to survive, much less grow, in a competitive landscape occupied by hundreds of larger and better-known consulting firms, a distinctive identity was needed, and pioneered "Business Strategy" as a special area of expertise for BCG.

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


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McKinsey & Company

McKinsey & Company is a privately owned management consulting firm that focuses on solving issues of concern to senior management in large corporations and organizations.
Known among its employees simply as "The Firm" [1], James O. McKinsey & Company was founded in Chicago in 1926 by James O. ("Mac") McKinsey. McKinsey was a professor at the University of Chicago who pioneered budgeting as a management tool. Marshall Field's became a client in 1935, and soon convinced James McKinsey to leave the firm and become its CEO; however, he died unexpectedly in 1937.

More: http://en.wikipedia.org/wiki/McKinsey_%26_Company



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MoneyToday Magazine Articles

MoneyToday, Dec 13, 2007
http://moneytoday.digitaltoday.in/


From the Money Today's Digital Version
Cover Story
Find out how the perfect portfolio has benefits similar to that of a balanced diet and also what your asset allocation strategy should be like
Financial diet, for now and later

Sector Scenario Capital charge

Query Corner Questions of cover

Brain Trust 'Invest with a plan and time''

Stocks Cashing in on churn
Dipen Sheth
Reacting to the recent volatility in the mid-cap sector, and wary of more in the global financial markets, we book profits in a number of shares.
Energy, power sector soar, IT hit
An oil story that isn't scary
Collateral advantage
Market watch, as on November 21, 2007
New frontiers of investments

Mutual Fund
Hit the bull's eye all the time

New Business Spotting talent
Rajshree Kukreti
Belief in the idea and faith in the team motivated Madan Padaki, Murlidhar S and Mohan Kannegal to risk their all in MeritTrac.

More Articles@ http://moneytoday.digitaltoday.in



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Myiris, MoneyControl.Com Stories

Myiris.Com

Brokers` Outlook: Positive trend to be seen on Wednesday
GAIL & RIL to set up petrochemical complexes globally
GTL International acquires strategic communication services (SCS)
Deccan Aviation clarifies on news item
eClerx Services IPO subscribed 54% on day one
GTL`s arm acquires North American co.

ICICI direct assigns `Outperformer` rating on JBF Industries
Hindustan Construction eyes Rs 30 bn topline for FY08
ING Vysya Bank to open 56 new branches
BHEL to set up fabrication plant in UP
BGR Energy Systems to set up 3 new units
Rakeen, Trimex forms JV to invest USD 5 bn in India
Emaar MGF IPO in Jan`08

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Moneycontrol.Com

Banks need to widen deposit base: YV Reddy
Rates to be stable for 6-9 months: ICICI Bk
Economy on track for 9% growth: Montek Singh
NFO scenario to become crowded in weeks ahead
Welspun to open 300 stores in two years
FIIs sell Rs 2,400 cr in stock futures in two days
REL to add $2 bn for power, infra projects
Stocks in news: Mcleod Russel, Dish TV, ...



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The Economic Times Headlines

Bharat Bijlee in Forbes 'Asia's 200 Best under a Billion' list

20 lakh people may become jobless in export sector: Govt
Sintex to raise over Rs 1,800 cr
DLF forms JV with Prudential Financial
Pearl Global ties up with DLF
Air India may offload 15% equity through IPO next year: Patel
Mid-caps end with smart gains

'Suspect terror funding being watched'
L Mittal richest in South Africa
CapGemini to lift India headcount to 40,000 by 2010
Stocks to buy: Kotak Mahindra Bank, Titan Industries, Salora Intl, 3i Infotech, Colgate Palmolive
India's hot property mkt likely to cool soon: Kamath
Entrepreneurs are, essentially, innovators

Apollo Tyres sees 20 pc revenue growth in FY08
Tata Motors November sales down 4%, passenger vehicle by 16%
Yamaha launches sports bikes; aims at bigger market share
With 500 branches, Fullerton is the largest NBFC
Mcleod Russel sets merger ratio for Moran Tea with self
PGCIL to invest Rs 14,500 cr on transmission network by FY09

Essar Oil shares spurt on private placement talk
Emaar eyes education, hospitality
Exports shrug off Re jitters, rise 35% to $13.3bn in Oct
50 TV channels permitted to downlink into India
Parsvnath plans Rs 1400 cr jewellery SEZ in Rajasthan
FIR against Anil Ambani

Mid-caps outperform frontline: MICO up 24%
Transformers & Rectifiers fixes IPO price band Rs 425-Rs 465/shr
Stockpile: PaGaLGuY.com launches online B-school rankings initiative
CBoP launches postal services in Canada, UK
Adhunik group to invest Rs 72 bn in West Bengal

More @ http://economictimes.indiatimes.com



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