Myiris.Com
Brokers` Outlook: Market to take cues from Fed meet on Tuesday
All MF categories display appreciation in November: CRISIL
Forex rose 25.8% with increase in tourist arrivals
GoM to consider marginal hike in petrol, diesel
Nicholas Piramal gets product patent in US
India Inc`s M&A trend in `07 ; outstanding
Centre announces sops for post small savings
Companies prefer PE than bank loans
Orient Paper announces 1:10 stock split
DCM Financial board approves raising share capital
PVR join hands with Bangalore based real estate firm
PSL to consider USD 100 mn fund raising
Maytas Infra secures Rs 2,326.9 mn township project
Brigade Enterprises IPO subscribed 72% within 5 hrs
Standard Chartered MF to launch small and mid-cap fund
Shivam Autotech to set up Rs 1,700 mn unit by Apr`08
Maruti Suzuki looks at rolling out `World Car` from India
Textile industry in Tamil Nadu bears Rs 10 bn loss
Subex Azure in the Deloitte Technology Fast 50 India list
Adlabs Films to operate 200 screens in US
Kale Consultants inks order with QuikJet Cargo
Net 4 India allot shares to Bennett Coleman & Co.
Jindal Power starts 250 MW commercial prodn. at 1,000MW plant
Evinix Accessories to enter into retail biz
GMR, Macquarie in fray for Singapore power firms
City Union Bank to raise around Rs 2,500 mn
Indiabulls to buy 63.92% stake in Piramyd Retail
RPG Enterprises to invest Rs 140 bn over the next 3 yrs
Indian Hotels hike stake in Orient-Express to 11.5%
RIL`s third well turns out to be dry
Karvy Stock Broking to float NBFC
Ispat forms JV with Stemcor for Rs 9 bn coke plant
Essar Shipping orders 6 bulk carriers
-----------------------------------------------
Rediff.Com
China, India: Top FDI hotspots
Why Sensex soared, what should you do now
Now, ISD calls for less than a rupee per minute
24 new cars to choose from next year
Asian stocks may fall up to 25%
Sensex on steroids & what to do
China, India: Top FDI hotspots
Check out these tax saving funds
Suzlon plans $500-mn QIP issue
Goldman in $2bn property push
Change co name, stocks zoom!
India Inc's M&A bill crosses $50 bn
Apache's SEZ appeal in rural AP
Young Achievers
• 'I became a successful CEO at 30'
• An amazing story of courage and determination
5 principles of successful financial planning
Moving beyond the 4 Ps of an MBA
Calling environmentalists
JBIMS: Part-time PG prog
TAPAI offers PGDM for 2008-10
Source: Above sites. 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 given. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
10 December 2007
Moneycontrol.COm Updates/Stories
Midcap rally to continue: Sundaram BNP Paribas MF
Mkts hoping for a Fed surprise: K&A Secs
Bullish on McNally Bharat, TRF, & Himadri Chem: Em
UCO Bank FPO likely in Feb-Mar
Fed may cut benchmark rate by 25 bps: JPMC
Largecap indices pause before next upmove
UBS to write down $10 bn in subprime assets
Pantaloon at your doorstep now!
Union Bank may go in for rights issue in Q1FY08
Essar Oil eyes 50% in Kenyan refinery
Opto Circuits to bid for 2-3 cos in US, Europe
Financial Tech close to acquiring US-based co: Srcs
Yatra.com launches Affiliate Programme
Bharti Airtel adds 2.05 m GSM users in Nov
Stocks to watch: SAIL, Bharti
Source: http://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 given. Blog is not responsible for any faulty information.
Mkts hoping for a Fed surprise: K&A Secs
Bullish on McNally Bharat, TRF, & Himadri Chem: Em
UCO Bank FPO likely in Feb-Mar
Fed may cut benchmark rate by 25 bps: JPMC
Largecap indices pause before next upmove
UBS to write down $10 bn in subprime assets
Pantaloon at your doorstep now!
Union Bank may go in for rights issue in Q1FY08
Essar Oil eyes 50% in Kenyan refinery
Opto Circuits to bid for 2-3 cos in US, Europe
Financial Tech close to acquiring US-based co: Srcs
Yatra.com launches Affiliate Programme
Bharti Airtel adds 2.05 m GSM users in Nov
Stocks to watch: SAIL, Bharti
Source: http://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 given. Blog is not responsible for any faulty information.
Labels:
Moneycontrol.COm Updates/Stories
08 December 2007
Economic Times Business Stories
The Economic Times
Postal savings get bonus, tax sop
Postal kitty hit by bank deposit rates
Long term view for blue-chip stocks
Heard on the street: Sterlite Optical, IT stocks
PAN cards must for MF investors from New Year
Bharti, Idea, Vodafone to share infrastructure
GSM cos agree to strict spectrum allocation norms
UPS at your doorstep from Jan 1
IFCI to give creditors their share
Stocks you can pick up
FMCG cos slow down in B-school race
Centurion Bank eyeing NBFC
GAIL India, Mukesh Ambani firm sign pact on KG-D6 gas
Jaypee eyes 5MT cement unit in Middle East
ArcelorMittal to form JV with GVK Power
TRAI to propose policy on Mobile TV within 15 days
Essar plans to set up 2,500 MobileStore outlets in 3 years
Shipping Ministry proposes Andrew Yule units merger with BHEL
Govt announces Rs 3,890 crore bonds to fertiliser companies
Analysts' picks: Tech Mahindra, Core Projects , IVRCL Infra
Religare Picks: Ispat Industries, Hindustan Construction
International Business
Murdoch Jr to lead News Corp in Europe, Asia
HSBC launches Saudi equity indexes, funds
BHP proposal 'dead in the water'
Oil from damaged supertanker reaches SKorea's western shore
Surge in tourists' arrival at Lord Buddha's Lumbini in Nepal
UN seeks better environment performance from aviation sector
Australia committed to Doha world trade deal: Minister
Russia VTB to sell EADS stake at market price-CEO
New US mortgage plan may be far from perfect
Positive side of climate change: More jobs
Arcelor to make IPO for Oriental
Energy bill stalls in US Congress
China to curb grain exports, boost imports
Two senior officials of Dow Jones & Co to quit organisation
Qatar says Gulf single currency unlikely by 2010
China to raise bank reserve ratio requirement to 14.5%
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 given. Blog is not responsible for any faulty information.
Postal savings get bonus, tax sop
Postal kitty hit by bank deposit rates
Long term view for blue-chip stocks
Heard on the street: Sterlite Optical, IT stocks
PAN cards must for MF investors from New Year
Bharti, Idea, Vodafone to share infrastructure
GSM cos agree to strict spectrum allocation norms
UPS at your doorstep from Jan 1
IFCI to give creditors their share
Stocks you can pick up
FMCG cos slow down in B-school race
Centurion Bank eyeing NBFC
GAIL India, Mukesh Ambani firm sign pact on KG-D6 gas
Jaypee eyes 5MT cement unit in Middle East
ArcelorMittal to form JV with GVK Power
TRAI to propose policy on Mobile TV within 15 days
Essar plans to set up 2,500 MobileStore outlets in 3 years
Shipping Ministry proposes Andrew Yule units merger with BHEL
Govt announces Rs 3,890 crore bonds to fertiliser companies
Analysts' picks: Tech Mahindra, Core Projects , IVRCL Infra
Religare Picks: Ispat Industries, Hindustan Construction
International Business
Murdoch Jr to lead News Corp in Europe, Asia
HSBC launches Saudi equity indexes, funds
BHP proposal 'dead in the water'
Oil from damaged supertanker reaches SKorea's western shore
Surge in tourists' arrival at Lord Buddha's Lumbini in Nepal
UN seeks better environment performance from aviation sector
Australia committed to Doha world trade deal: Minister
Russia VTB to sell EADS stake at market price-CEO
New US mortgage plan may be far from perfect
Positive side of climate change: More jobs
Arcelor to make IPO for Oriental
Energy bill stalls in US Congress
China to curb grain exports, boost imports
Two senior officials of Dow Jones & Co to quit organisation
Qatar says Gulf single currency unlikely by 2010
China to raise bank reserve ratio requirement to 14.5%
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 given. Blog is not responsible for any faulty information.
Labels:
Economic Times Business Stories
ET : Gautam Adani, Another gujarati who made it big
Gautam Adani: Another gujarati who made it big
There is a 'Wagah Border' at the Mundra Port, a thriving private port in the heart of the barren lands of north Gujarat. Often, there is tension across the border. The workers on either side sometimes exchange greetings in Kutchi slang, but do not cross the LoC. The other side of the fence belongs to Dubai Port Word (DP World), a giant terminal operator from the Middle East that now owns and operates the container terminal at Mundra.
Mundra Port is owned and operated by the Adani Group while the terminal is operated by DP World through a sub-concession agreement. The two are now fighting a long legal battle at the Ahmedabad High Court, with a termination notice by the Adanis having been challenged by the Dubai operator. Adding fuel to fire were the recent public offerings by both the groups. Both Mundra Port and Special Economic Zone (MPSEZ) and DP World hit the primary markets in Mumbai and Dubai, respectively, in the same month, November 2007, but with different results.
While MPSEZ almost trebled its market cap to over $13 billion, DP World, after its mega takeover of British port operator P&O Ports, has seen its market cap slip from about $22 billion. The rivalry between the Adanis and DP World may be recent, but the aggressive chairman of the Adani Group—Gautam Adani—has picked up quite a few business foes as his fortunes soared in recent years.
He is now among the 10 richest Indians, and is nosing his way up the ladder. Many who ET spoke to say he draws many a parallel with the iconic Dhirubhai Ambani. Like Dhirubhai, he is a first-generation industrialist who came from Gujarat with big dreams. Mr Adani’s business instincts are very sharp and his rags-to-riches story is yet another example of the finely-developed business acumen of people from that coastal state.
More about this article @ Gautam Adani: Another gujarati who made it big
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 given. Blog is not responsible for any faulty information.
There is a 'Wagah Border' at the Mundra Port, a thriving private port in the heart of the barren lands of north Gujarat. Often, there is tension across the border. The workers on either side sometimes exchange greetings in Kutchi slang, but do not cross the LoC. The other side of the fence belongs to Dubai Port Word (DP World), a giant terminal operator from the Middle East that now owns and operates the container terminal at Mundra.
Mundra Port is owned and operated by the Adani Group while the terminal is operated by DP World through a sub-concession agreement. The two are now fighting a long legal battle at the Ahmedabad High Court, with a termination notice by the Adanis having been challenged by the Dubai operator. Adding fuel to fire were the recent public offerings by both the groups. Both Mundra Port and Special Economic Zone (MPSEZ) and DP World hit the primary markets in Mumbai and Dubai, respectively, in the same month, November 2007, but with different results.
While MPSEZ almost trebled its market cap to over $13 billion, DP World, after its mega takeover of British port operator P&O Ports, has seen its market cap slip from about $22 billion. The rivalry between the Adanis and DP World may be recent, but the aggressive chairman of the Adani Group—Gautam Adani—has picked up quite a few business foes as his fortunes soared in recent years.
He is now among the 10 richest Indians, and is nosing his way up the ladder. Many who ET spoke to say he draws many a parallel with the iconic Dhirubhai Ambani. Like Dhirubhai, he is a first-generation industrialist who came from Gujarat with big dreams. Mr Adani’s business instincts are very sharp and his rags-to-riches story is yet another example of the finely-developed business acumen of people from that coastal state.
More about this article @ Gautam Adani: Another gujarati who made it big
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 given. Blog is not responsible for any faulty information.
NSE to revise lot size for 106 FnO contracts
The Hindu Business Line : NSE revises lot size for 106 securities
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract. Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
More@ http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
Source: http://www.thehindubusinessline.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 given. Blog is not responsible for any faulty information.
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract. Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
More@ http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
Source: http://www.thehindubusinessline.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 given. Blog is not responsible for any faulty information.
Businessworld Magazine Articles Dt 10th Dec
Some of the Articles
COVER STORY
Family Feuds
Beyond The Family Feud
‘Society Has The Power To Intervene’
IN THE NEWS
Reliance Industries Exploiting PSU Virtues
Mall Mania Phoenix Rises
Healthcare Apollo Hospitals Fields Ganguly
IFCI Getting Pricey
Anil Ambani Leveraging His Own Wealth
World Economic Forum
The World Debates India’s Future
Telecom Twists & Turns Of The Spectrum Tangle
Real Estate Repeal Will Be No Relief
BankingIs Retail The Culprit?
Insurance In The Eye Of A Storm
Environment The Perfect Storm
More at http://www.businessworld.in
Source: http://www.businessworld.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 given. Blog is not responsible for any faulty information.
COVER STORY
Family Feuds
Beyond The Family Feud
‘Society Has The Power To Intervene’
IN THE NEWS
Reliance Industries Exploiting PSU Virtues
Mall Mania Phoenix Rises
Healthcare Apollo Hospitals Fields Ganguly
IFCI Getting Pricey
Anil Ambani Leveraging His Own Wealth
World Economic Forum
The World Debates India’s Future
Telecom Twists & Turns Of The Spectrum Tangle
Real Estate Repeal Will Be No Relief
BankingIs Retail The Culprit?
Insurance In The Eye Of A Storm
Environment The Perfect Storm
More at http://www.businessworld.in
Source: http://www.businessworld.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 given. Blog is not responsible for any faulty information.
Sify Business Stories
Bharti, Idea, Vodafone Essar to share infrastructure
Govt asks Indian Oil Corp to mull bonus issue
Energy sector needs $150 b investment
Banking on performance
Path Infotech ties up with Microsoft
Gameshastra in Red Herring 100
DLF to build multi-level car parks
Rain Calcining merger record date
Reliance Gas, GAIL sign pact for gas transportation
5 PSBs to have majority stake in Payments Corp
US stocks: Wall St end flat on oil, jobs; Eyes on Fed
For Motilal Oswal, it’s insurance next
Source: Above 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 given. Blog is not responsible for any faulty information.
Govt asks Indian Oil Corp to mull bonus issue
Energy sector needs $150 b investment
Banking on performance
Path Infotech ties up with Microsoft
Gameshastra in Red Herring 100
DLF to build multi-level car parks
Rain Calcining merger record date
Reliance Gas, GAIL sign pact for gas transportation
5 PSBs to have majority stake in Payments Corp
US stocks: Wall St end flat on oil, jobs; Eyes on Fed
For Motilal Oswal, it’s insurance next
Source: Above 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 given. Blog is not responsible for any faulty information.
Other Blog News, Jobs etc
http://www.deadpresident.blogspot.com/
India to outperform
Greenply Industries
Bharat Forge
Transformers and Rectifiers IPO Analysis
Weekly Close: Crucial week ahead !
Analysts' picks
Weekly Newsletter
Change in lot size
--------------------------------
http://www.kpowave.blogspot.com
Edelweiss Capital-Research Analyst Openings
Several Openings Exist currently in Edelweiss Capital for Finance and CFA candidates.Some of the prominent ones being:1)Associate / Manager - Asset Management 2)Senior Research Analyst3)Wealth Managers 4)Associate - Investment Banking5)Associate / Manager - Equity Research... More on...Edelweiss Capital-Research Analyst Openings
Company Name: Ospak International (P) LtdEmail Address for Resume posting:ospak_jobs@yahoo.comProfile:Analyze financial statements of companies and conduct various analyses based on the different financial statements. Majority of the work will be accounting-based analysis. Candidate will eventually progress on to write full equity research reports.
More : Equity Research Jobs in Ospak International
-----------------------------------------------------
http://freestocktips-2007.blogspot.com
Attractive Picks for Next Week
The markets ended on a positive note on Friday with some volatility being observed in the markets.Some stocks still had a good run and presented is a list of 2 stocks which might see some good movement in the next week.
1)Parsvnath Developers ltd-There has been a series of good news for the company with new projects being awarded to the telecom license issue.Also the company has closed at Rs. 399 which is its highest clising in a long time.There is lot more interest generated in this stock and a target of Rs. 450 does look possible in the near term if markets conditions are favourable.
2)Karuturi Networks Ltd-This agri based company has a high FII holding with major biggies getting into this stock at these levels.The agri sector is all set to do well and so is the rose business for the company with the additional plantation of 450 hectares in Ethopia.The stock might see some good movement from current levels and Rs. 250 seems to a a very gettable near term target for the company...
Source: Above 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 given. Blog is not responsible for any faulty information.
India to outperform
Greenply Industries
Bharat Forge
Transformers and Rectifiers IPO Analysis
Weekly Close: Crucial week ahead !
Analysts' picks
Weekly Newsletter
Change in lot size
--------------------------------
http://www.kpowave.blogspot.com
Edelweiss Capital-Research Analyst Openings
Several Openings Exist currently in Edelweiss Capital for Finance and CFA candidates.Some of the prominent ones being:1)Associate / Manager - Asset Management 2)Senior Research Analyst3)Wealth Managers 4)Associate - Investment Banking5)Associate / Manager - Equity Research... More on...Edelweiss Capital-Research Analyst Openings
Company Name: Ospak International (P) LtdEmail Address for Resume posting:ospak_jobs@yahoo.comProfile:Analyze financial statements of companies and conduct various analyses based on the different financial statements. Majority of the work will be accounting-based analysis. Candidate will eventually progress on to write full equity research reports.
More : Equity Research Jobs in Ospak International
-----------------------------------------------------
http://freestocktips-2007.blogspot.com
Attractive Picks for Next Week
The markets ended on a positive note on Friday with some volatility being observed in the markets.Some stocks still had a good run and presented is a list of 2 stocks which might see some good movement in the next week.
1)Parsvnath Developers ltd-There has been a series of good news for the company with new projects being awarded to the telecom license issue.Also the company has closed at Rs. 399 which is its highest clising in a long time.There is lot more interest generated in this stock and a target of Rs. 450 does look possible in the near term if markets conditions are favourable.
2)Karuturi Networks Ltd-This agri based company has a high FII holding with major biggies getting into this stock at these levels.The agri sector is all set to do well and so is the rose business for the company with the additional plantation of 450 hectares in Ethopia.The stock might see some good movement from current levels and Rs. 250 seems to a a very gettable near term target for the company...
Source: Above 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 given. Blog is not responsible for any faulty information.
Rediff India, Myiris Stories
Rediff.Com
Top-performing MFs in Nov
Billionaire marriages: Why get hitched?
India actually favours foreign banks
Bonus, tax relief on postal savings
IBM's India revenues to hit $1 bn
Need to stem dollar inflows: FM
Cheapest term-insurance plans
B-schools adopt gaming tech
The top unit-linked pension plans
Best IPOs Top 25 MFs MF news
------------------------------------------------------------
Myiris
Infosys makes USD 80 mn pitch for Aviva`s BPO units
Sesa Goa to pump in Rs 10 bn
Sugar mills to get loans at low rates
Rel Energy in JV for Orissa coal mining
Suzlon arm Hansen to formally list on LSE on Dec. 11
Goldman, Macquarie to pick up 20% each in PTC arm
RIL to provide KG gas to Mahagenco
Oman-based PE firm to pick up 14.99% stake in Almondz Global
M&M, BAE tie up for defense venture in India
Tata MF to launch Growing Economies Infrastructure Fund
Source: www.myiris.com and 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 given. Blog is not responsible for any faulty information.
Top-performing MFs in Nov
Billionaire marriages: Why get hitched?
India actually favours foreign banks
Bonus, tax relief on postal savings
IBM's India revenues to hit $1 bn
Need to stem dollar inflows: FM
Cheapest term-insurance plans
B-schools adopt gaming tech
The top unit-linked pension plans
Best IPOs Top 25 MFs MF news
------------------------------------------------------------
Myiris
Infosys makes USD 80 mn pitch for Aviva`s BPO units
Sesa Goa to pump in Rs 10 bn
Sugar mills to get loans at low rates
Rel Energy in JV for Orissa coal mining
Suzlon arm Hansen to formally list on LSE on Dec. 11
Goldman, Macquarie to pick up 20% each in PTC arm
RIL to provide KG gas to Mahagenco
Oman-based PE firm to pick up 14.99% stake in Almondz Global
M&M, BAE tie up for defense venture in India
Tata MF to launch Growing Economies Infrastructure Fund
Source: www.myiris.com and 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 given. Blog is not responsible for any faulty information.
Weekly Gainers: Rediff.com
http://money.rediff.com/money/jsp/weekly_gainer.jsp
Weekly Gainers
Last updated: 07 Dec, 16:01
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
FDC Ltd. A 30.50 42.30 38.69
+
Chambal Fertilis A 62.50 85.35 + 36.56
+
Ispat Industries A 51.45 70.25 + 36.54
+
Punj. TractorsA 202.00 251.75 + 24.63
+
HTMT Global Solution A 484.95 602.70 + 24.28
+
Geometric Ltd.A 71.60 87.35 + 22.00
+
Apollo TyresA 41.85 50.70 + 21.15
+
JSW SteelA 1,009.05 1,206.25 + 19.54
+
Ramco Systems Lt A 146.60 174.30 + 18.89
+
JB Chemicals&Pharma A 64.35 75.65 + 17.56
+
Tata Chemicals A 311.75 364.55 + 16.94
+
Sterlite Technologie A 307.10 356.00 + 15.92
+
Maha. Seamless A 500.25 574.45 + 14.83
+
Alstom Projects Ind.A 939.50 1,076.45 + 14.58
+
IVR Prime Urban Dev. A 391.90 447.85 + 14.28
+
Ingersoll Rand A 303.00 344.60 + 13.73
+
Omaxe Ltd.A 434.80 493.80 + 13.57
+
Jammu & Kashmir Bank A 731.70 830.00 + 13.43
+
Polaris Software A 109.60 124.30 + 13.41
+
Tata Power Co. A 1,172.30 1,323.70 + 12.91
+
Pfizer Ltd. A 647.30 730.70 + 12.88
+
T Nadu Newsprint A 117.00 131.60 + 12.48
+
CMC Ltd.A 979.70 1,099.10 + 12.19
+
Parsvnath Developers A 354.20 396.95 + 12.07
+
Bharat Forge Ltd A 313.95 351.60 + 11.99
+
Ashok Leyland A 44.80 50.15 + 11.94
----------------------------------------------------------
JSW Holdings Ltd. B1 867.60 1,662.75 + 91.65
+
Essar Shipping B1 53.90 94.60 + 75.51
+
Nagreeka Capital & I B1 100.20 171.15 + 70.81
+
Nandan Exim B1 3.89 6.42 + 65.04
+
Pentamedia Graph T 5.30 8.49 + 60.19
+
Allied Computers Int B1 39.50 59.90 + 51.65
+
Lawreshwar Polymers B1 8.80 13.34 + 51.59
+
Accel Frontline B1 82.20 122.95 + 49.57
+
Piramyd Retail B1 68.90 103.05 + 49.56
+
Four Soft Ltd. T 40.30 58.50 + 45.16
+
Vinyl Chemicals T 19.05 27.45 + 44.09
+
Essar Steel B1 47.15 67.85 + 43.90
+
Aztecsoft B1 49.65 70.60 + 42.20
+
Sakuma Exports B1 14.92 21.03 + 40.95
+
Trigyn Technolog T 23.35 32.85 + 40.69
+
SB&T International T33.55 46.80 + 39.49
+
IVP Limited B1 57.85 80.35 + 38.89
+
Mukand Ltd. B1 84.15 116.20 + 38.09
+
Morepen Labs.Lt T 16.25 22.25 + 36.92
+
Videocon Applia. B1 30.20 41.30 + 36.75
More@ www.rediff.com
Source: 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 given. Blog is not responsible for any faulty information.
Weekly Gainers
Last updated: 07 Dec, 16:01
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
FDC Ltd. A 30.50 42.30 38.69
+
Chambal Fertilis A 62.50 85.35 + 36.56
+
Ispat Industries A 51.45 70.25 + 36.54
+
Punj. TractorsA 202.00 251.75 + 24.63
+
HTMT Global Solution A 484.95 602.70 + 24.28
+
Geometric Ltd.A 71.60 87.35 + 22.00
+
Apollo TyresA 41.85 50.70 + 21.15
+
JSW SteelA 1,009.05 1,206.25 + 19.54
+
Ramco Systems Lt A 146.60 174.30 + 18.89
+
JB Chemicals&Pharma A 64.35 75.65 + 17.56
+
Tata Chemicals A 311.75 364.55 + 16.94
+
Sterlite Technologie A 307.10 356.00 + 15.92
+
Maha. Seamless A 500.25 574.45 + 14.83
+
Alstom Projects Ind.A 939.50 1,076.45 + 14.58
+
IVR Prime Urban Dev. A 391.90 447.85 + 14.28
+
Ingersoll Rand A 303.00 344.60 + 13.73
+
Omaxe Ltd.A 434.80 493.80 + 13.57
+
Jammu & Kashmir Bank A 731.70 830.00 + 13.43
+
Polaris Software A 109.60 124.30 + 13.41
+
Tata Power Co. A 1,172.30 1,323.70 + 12.91
+
Pfizer Ltd. A 647.30 730.70 + 12.88
+
T Nadu Newsprint A 117.00 131.60 + 12.48
+
CMC Ltd.A 979.70 1,099.10 + 12.19
+
Parsvnath Developers A 354.20 396.95 + 12.07
+
Bharat Forge Ltd A 313.95 351.60 + 11.99
+
Ashok Leyland A 44.80 50.15 + 11.94
----------------------------------------------------------
JSW Holdings Ltd. B1 867.60 1,662.75 + 91.65
+
Essar Shipping B1 53.90 94.60 + 75.51
+
Nagreeka Capital & I B1 100.20 171.15 + 70.81
+
Nandan Exim B1 3.89 6.42 + 65.04
+
Pentamedia Graph T 5.30 8.49 + 60.19
+
Allied Computers Int B1 39.50 59.90 + 51.65
+
Lawreshwar Polymers B1 8.80 13.34 + 51.59
+
Accel Frontline B1 82.20 122.95 + 49.57
+
Piramyd Retail B1 68.90 103.05 + 49.56
+
Four Soft Ltd. T 40.30 58.50 + 45.16
+
Vinyl Chemicals T 19.05 27.45 + 44.09
+
Essar Steel B1 47.15 67.85 + 43.90
+
Aztecsoft B1 49.65 70.60 + 42.20
+
Sakuma Exports B1 14.92 21.03 + 40.95
+
Trigyn Technolog T 23.35 32.85 + 40.69
+
SB&T International T33.55 46.80 + 39.49
+
IVP Limited B1 57.85 80.35 + 38.89
+
Mukand Ltd. B1 84.15 116.20 + 38.09
+
Morepen Labs.Lt T 16.25 22.25 + 36.92
+
Videocon Applia. B1 30.20 41.30 + 36.75
More@ www.rediff.com
Source: 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 given. Blog is not responsible for any faulty information.
India 3rd largest economy , after USA , China: Myiris.ComIndia 3rd largest economy , after USA , China: Myiris.Com
India 3rd largest economy , after USA , China
India emerges as the 3rd largest economy in terms of Purchasing Power Parity (PPP), with its share in the world GDP growing to 6.4% in 2006.
Only USA and China are ahead of India, according to the mid -year review tabled in parliament on Dec. 7, 2007.
The Review says that the economic activity expanded at a substantial pace during the first half of the current fiscal. Industry remained one of the main drivers of the economic growth, but it moderated to 9.2 % during April to September 2007 as compared to 11.1 % during the same period last year.
Exports in Dollar terms continued to maintain a healthy growth of 18.5 % despite appreciating Rupee. The review unveils that high returns on equity and higher interest rates with rise in global private capital flows have resulted in the country receiving large capital. This includes Foreign Direct Investments (FDI), Portfolio Investments (PI) and External Commercial Borrowings (ECB).
In the 10th Five Year Plan, the GDP growth averaged 7.6% annually, which is higher than the growth of 5.5% in the 9th Plan. The Per Capita Income (PCI) growth average at 6.1% per annum in the 10th Plan as against 3.4% in the previous plan.
Service sector continues to be mainstay of the economy and the resurgence in industrial activity has provided stability to the growth process.
Source: 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 given. Blog is not responsible for any faulty information.
India emerges as the 3rd largest economy in terms of Purchasing Power Parity (PPP), with its share in the world GDP growing to 6.4% in 2006.
Only USA and China are ahead of India, according to the mid -year review tabled in parliament on Dec. 7, 2007.
The Review says that the economic activity expanded at a substantial pace during the first half of the current fiscal. Industry remained one of the main drivers of the economic growth, but it moderated to 9.2 % during April to September 2007 as compared to 11.1 % during the same period last year.
Exports in Dollar terms continued to maintain a healthy growth of 18.5 % despite appreciating Rupee. The review unveils that high returns on equity and higher interest rates with rise in global private capital flows have resulted in the country receiving large capital. This includes Foreign Direct Investments (FDI), Portfolio Investments (PI) and External Commercial Borrowings (ECB).
In the 10th Five Year Plan, the GDP growth averaged 7.6% annually, which is higher than the growth of 5.5% in the 9th Plan. The Per Capita Income (PCI) growth average at 6.1% per annum in the 10th Plan as against 3.4% in the previous plan.
Service sector continues to be mainstay of the economy and the resurgence in industrial activity has provided stability to the growth process.
Source: 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 given. Blog is not responsible for any faulty information.
Weekly Wrap Up: Sensex gains 602.81 pts : Myiris.com
Weekly Wrap Up: Sensex gains 602.81 pts in the week
India`s benchmark 30 share index, BSE Sensex gained 602.81 points to 19,966.00, over the week ended December 08, while the broad based NSE Nifty climbed 131.9 points to 5,934.60 in the same period.
On Monday, The BSE Benchmark index, Sensex opened on a strong note, extending the last week`s positive sentiments and upward trend. Sensex opened with a positive gap of 183 points at 19,547.09 and touched an intraday high of 19,619.44. Heavy buying interest was seen across the sector. The broadbased rise in the market was led by consumer durables, oil and gas, power, metal and auto stocks. BSE Sensex closed with a gain of 240.22 points, or 1.24%, at 19,603.41, while the broad-based NSE Nifty closed at 5,865 up 102.25 points.
On Tuesday, The BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks. The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.BSE Sensex closed with a loss of 73.91 points, or 0.38%, at 19,529.50, while the broad-based NSE Nifty closed at 5,858.35, down 6.65 points.
On Wednesday, the BSE Benchmark index, Sensex opened positive at 19,628.85 and continued to trade firm in the morning trades. The index shed some of its gains in the noon trades however, it gained strength later backed by sustained buying activity in frontliners. It touched a high of 19,790.92 to finally close on a strong note. BSE Sensex closed with a reasonable gain of 208.57 points, or 1.07%, at 19,738.07, while the broad-based NSE Nifty closed at 5,900.05, up 41.7 points.
On Thursday, the BSE Benchmark index, Sensex breached 20,018.17 and touched an intraday high of 20,064.31 in the opening trades on account of heavy buying interest in bluechip stocks, in funds and on global cues. The index was rangebound in the noon trades. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive to close firm.BSE Sensex closed with a gain of 57.80 points, or 0.29%, at 19,795.87, while the broad-based NSE Nifty closed at 5,957.70, up 14.7 points.
On Friday, the BSE Benchmark index, Sensex opened above 20,063.50 and touched an intraday high of 20,094.56 in the opening trades backed by heavy buying interest in frontline stocks and on global cues. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive and regained its strength to close on a firm note.BSE Sensex closed with a gain of 170.13 points, or 0.86%, at 19,966.00, while the broad-based NSE Nifty closed at 5,934.60, down 20.1 points.
Corporate Announcement
Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.Infocrossing Healthcare Services, a wholly-owned subsidiary of Wipro, received a multi-year contract to provide services to Missouri`s MO HealthNet program.New Delhi-based Parsvnath Developers bagged Rs 470 million worth contract for construction of Footwear Design & Development Institute, Fursatganj Rae bareli, Uttar Pradesh. Axon Infotech announced that the company acquired 51% stake in Bangalore-based Quasar Innovations.House of Pearl Fashions (HOPFL) acquired 50% stake in the UK-based marketing company, FX Imports, through its subsidiary in the UK - Poeticgem. Maharashtra Seamless (MSL) is close to acquiring the seamless pipes plant of SC Republica in Romania for around Rs 2.5 billion
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.01% for the week ended November 24, as against 3.21% in the previous week. The annual rate of inflation stood at 5.55% a year ago.
Re-listing:
Silverline Technologies got relisted on the Bombay Stock Exchange (BSE) .The Mumbai-headquartered company, which also was the first New York Stock Exchange (NYSE)-listed Indian IT services company, had hit rock bottom in 2003-04.
Source: 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 given. Blog is not responsible for any faulty information.
India`s benchmark 30 share index, BSE Sensex gained 602.81 points to 19,966.00, over the week ended December 08, while the broad based NSE Nifty climbed 131.9 points to 5,934.60 in the same period.
On Monday, The BSE Benchmark index, Sensex opened on a strong note, extending the last week`s positive sentiments and upward trend. Sensex opened with a positive gap of 183 points at 19,547.09 and touched an intraday high of 19,619.44. Heavy buying interest was seen across the sector. The broadbased rise in the market was led by consumer durables, oil and gas, power, metal and auto stocks. BSE Sensex closed with a gain of 240.22 points, or 1.24%, at 19,603.41, while the broad-based NSE Nifty closed at 5,865 up 102.25 points.
On Tuesday, The BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks. The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.BSE Sensex closed with a loss of 73.91 points, or 0.38%, at 19,529.50, while the broad-based NSE Nifty closed at 5,858.35, down 6.65 points.
On Wednesday, the BSE Benchmark index, Sensex opened positive at 19,628.85 and continued to trade firm in the morning trades. The index shed some of its gains in the noon trades however, it gained strength later backed by sustained buying activity in frontliners. It touched a high of 19,790.92 to finally close on a strong note. BSE Sensex closed with a reasonable gain of 208.57 points, or 1.07%, at 19,738.07, while the broad-based NSE Nifty closed at 5,900.05, up 41.7 points.
On Thursday, the BSE Benchmark index, Sensex breached 20,018.17 and touched an intraday high of 20,064.31 in the opening trades on account of heavy buying interest in bluechip stocks, in funds and on global cues. The index was rangebound in the noon trades. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive to close firm.BSE Sensex closed with a gain of 57.80 points, or 0.29%, at 19,795.87, while the broad-based NSE Nifty closed at 5,957.70, up 14.7 points.
On Friday, the BSE Benchmark index, Sensex opened above 20,063.50 and touched an intraday high of 20,094.56 in the opening trades backed by heavy buying interest in frontline stocks and on global cues. However, the Sensex lost its ground and fell into the negative but soon moved up into the positive and regained its strength to close on a firm note.BSE Sensex closed with a gain of 170.13 points, or 0.86%, at 19,966.00, while the broad-based NSE Nifty closed at 5,934.60, down 20.1 points.
Corporate Announcement
Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.Infocrossing Healthcare Services, a wholly-owned subsidiary of Wipro, received a multi-year contract to provide services to Missouri`s MO HealthNet program.New Delhi-based Parsvnath Developers bagged Rs 470 million worth contract for construction of Footwear Design & Development Institute, Fursatganj Rae bareli, Uttar Pradesh. Axon Infotech announced that the company acquired 51% stake in Bangalore-based Quasar Innovations.House of Pearl Fashions (HOPFL) acquired 50% stake in the UK-based marketing company, FX Imports, through its subsidiary in the UK - Poeticgem. Maharashtra Seamless (MSL) is close to acquiring the seamless pipes plant of SC Republica in Romania for around Rs 2.5 billion
Economy
India`s wholesale price index (WPI) based Inflation moved to 3.01% for the week ended November 24, as against 3.21% in the previous week. The annual rate of inflation stood at 5.55% a year ago.
Re-listing:
Silverline Technologies got relisted on the Bombay Stock Exchange (BSE) .The Mumbai-headquartered company, which also was the first New York Stock Exchange (NYSE)-listed Indian IT services company, had hit rock bottom in 2003-04.
Source: 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 given. Blog is not responsible for any faulty information.
07 December 2007
ET Business stories
The Economic Times
Govt restores bonus on PO savings
Govt may allow 10% of private provident fund in stocks
Huge capital inflows may trip growth: Mid-Year Review
DIAL ties up Rs 4,940 cr loan from 12 banks
Inflation cools to 3.01 pc
High forex inflows can endanger growth
Max India to infuse over Rs 1,950 cr in Max New York Life
D-St Review
Maruti to hike prices across all models from next month
Fitch assigns negative outlook to UCO Bank
Essar Power to divest 10% to PEs for $700 m
Kuwait Petro, RIL plan petro complex
M&M pips Tatas, L&T for BAE's defence venture in India
Good looking people get better job
16 more set to join spectrum queue as Dot readies LoIs
India can move up 55 places in Doing Business Index: IFC
'India will become hub for world manufacturing industry'
India, Pakistan in Top 20 of global bribery list
Heard on the street: Eicher Motors, Epic Energy, Geodesic, Subex
Religare Picks: Ispat Industries, Hindustan Construction
Seasoned players bet on mid-caps ahead of NFOs
BoE cuts rates in 2 years; hopes inflation will slow
Tax collections record unprecedented growth: Chidambaram
VC investments jump five-fold to $777 mn till Sept
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 given. Blog is not responsible for any faulty information.
Govt restores bonus on PO savings
Govt may allow 10% of private provident fund in stocks
Huge capital inflows may trip growth: Mid-Year Review
DIAL ties up Rs 4,940 cr loan from 12 banks
Inflation cools to 3.01 pc
High forex inflows can endanger growth
Max India to infuse over Rs 1,950 cr in Max New York Life
D-St Review
Maruti to hike prices across all models from next month
Fitch assigns negative outlook to UCO Bank
Essar Power to divest 10% to PEs for $700 m
Kuwait Petro, RIL plan petro complex
M&M pips Tatas, L&T for BAE's defence venture in India
Good looking people get better job
16 more set to join spectrum queue as Dot readies LoIs
India can move up 55 places in Doing Business Index: IFC
'India will become hub for world manufacturing industry'
India, Pakistan in Top 20 of global bribery list
Heard on the street: Eicher Motors, Epic Energy, Geodesic, Subex
Religare Picks: Ispat Industries, Hindustan Construction
Seasoned players bet on mid-caps ahead of NFOs
BoE cuts rates in 2 years; hopes inflation will slow
Tax collections record unprecedented growth: Chidambaram
VC investments jump five-fold to $777 mn till Sept
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 given. Blog is not responsible for any faulty information.
World News: ET, AOL
Economic Times
Arcelor Mittal plans $700 mln Kazakh investment: CEO
Ford recalls 1.2 mn trucks for engine system flaw
Royal Bank of Scotland to beat profit forecasts
Cathay to buy 8 Airbus aircraft for $1.7 bn
ArcelorMittal buys Slovak co OFZ
Hyundai Steel signs tech deal with German co
A realistic prescription for health care: PAIN
Kent to take over reins from Isdell at Coca-Cola
Japan cuts third-quarter growth estimate
New US subprime plan has troubling loopholes
Volkswagen recalls 4,076 imported Audi SUVs in China
Dow Jones CEO to leave; News Corp to complete takeover
Iran to invest $480 bn in oil and gas over 28 years
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy
Motorola investment in WiMax much bigger than LTE
MGM to invest $866 mn in SKorea theme park
Air France-KLM makes first move on Alitalia
Chrysler sees $1.6 bn loss
Russia's Rosneft plans IPO
Bristol-Myers to shut half of its plants in 3 years
US tries to prolong growth with subprime rate freeze
US subprime aid plan to ease housing slump, but at a price
ArcelorMittal plans $1.7 bn buyout of China Oriental
Taiwan's UMC Nov sales go up 3.9%
China to keep tight grip on investment
-----------------------------------------------------------
http://money.aol.com/marketnews
Solid Job Gains, Wage Growth in Nov.
Stock Futures Rise After Payroll Data
Macrovision to Buy Gemstar-TV Guide
Consumer Confidence Near 2-Year Low
Oil Rises on Tough US Talk on Iran
Trade, Food Safety in US-China Talks
Murdoch's Son Promoted at News Corp.
No Quick Fix for Subprime Mortgages
ArcelorMittal to Bid for China Oriental
China: US Should Take Lead on Climate
Source: Above 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 given. Blog is not responsible for any faulty information.
Arcelor Mittal plans $700 mln Kazakh investment: CEO
Ford recalls 1.2 mn trucks for engine system flaw
Royal Bank of Scotland to beat profit forecasts
Cathay to buy 8 Airbus aircraft for $1.7 bn
ArcelorMittal buys Slovak co OFZ
Hyundai Steel signs tech deal with German co
A realistic prescription for health care: PAIN
Kent to take over reins from Isdell at Coca-Cola
Japan cuts third-quarter growth estimate
New US subprime plan has troubling loopholes
Volkswagen recalls 4,076 imported Audi SUVs in China
Dow Jones CEO to leave; News Corp to complete takeover
Iran to invest $480 bn in oil and gas over 28 years
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy
Motorola investment in WiMax much bigger than LTE
MGM to invest $866 mn in SKorea theme park
Air France-KLM makes first move on Alitalia
Chrysler sees $1.6 bn loss
Russia's Rosneft plans IPO
Bristol-Myers to shut half of its plants in 3 years
US tries to prolong growth with subprime rate freeze
US subprime aid plan to ease housing slump, but at a price
ArcelorMittal plans $1.7 bn buyout of China Oriental
Taiwan's UMC Nov sales go up 3.9%
China to keep tight grip on investment
-----------------------------------------------------------
http://money.aol.com/marketnews
Solid Job Gains, Wage Growth in Nov.
Stock Futures Rise After Payroll Data
Macrovision to Buy Gemstar-TV Guide
Consumer Confidence Near 2-Year Low
Oil Rises on Tough US Talk on Iran
Trade, Food Safety in US-China Talks
Murdoch's Son Promoted at News Corp.
No Quick Fix for Subprime Mortgages
ArcelorMittal to Bid for China Oriental
China: US Should Take Lead on Climate
Source: Above 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 given. Blog is not responsible for any faulty information.
Other Blog Roundups, News
http://www.deadpresident.blogspot.com
Faith for bulls, freeze for bears!
Market may remain positive
If you were watching CNBC
Bullish mood may continue
IPO Grey Market Premiums
IT, telecom stocks lead 170-points Sensex surge
JBF Industries
Congratulations - India is second most expensive
Post Market Commentary
--------------------------------------------------
Equitybulls.com
Cable Corporation Under Sea Power Link to be operational by New Year
GMR Infrastructure arm DIAL Signs Financial Documents with its Project Lenders
Titan Industries appoints M F Farooqui as Director & Chairman
Shristi Infrastructure Development Corporation Limited to list on December 10, 2007
Tata Elxsi forms subsidiary in Singapore
Alok Industries SEZ receives formal approval from Government
Sun TV launches FM station at Kozhikode (Calicut)
Rain Calcining Fixes Record Date for Scheme of Arrangement
Binani Cement Commences Commercial Production of Grinding Unit at Binanigram
EPIC Energy clarifies on Government Order News
Modern India Board to consider sub-division
Easun Reyrolle to use funds raised for business expansion
Century Extrusions Board to consider rights issue
UB Engineering Board to consider rights issue
Sanwaria Agro Board approves stock split
Repeal of ULCRA has no impact on Bombay Dyeing
Parsvnath Developers Receives contract worth Rs 47 Crores
CARE assigns AA Rating for Dewan Housing's NCRPS
RCom to offer Nation wide GSM services soon
Source: Above 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.
Faith for bulls, freeze for bears!
Market may remain positive
If you were watching CNBC
Bullish mood may continue
IPO Grey Market Premiums
IT, telecom stocks lead 170-points Sensex surge
JBF Industries
Congratulations - India is second most expensive
Post Market Commentary
--------------------------------------------------
Equitybulls.com
Cable Corporation Under Sea Power Link to be operational by New Year
GMR Infrastructure arm DIAL Signs Financial Documents with its Project Lenders
Titan Industries appoints M F Farooqui as Director & Chairman
Shristi Infrastructure Development Corporation Limited to list on December 10, 2007
Tata Elxsi forms subsidiary in Singapore
Alok Industries SEZ receives formal approval from Government
Sun TV launches FM station at Kozhikode (Calicut)
Rain Calcining Fixes Record Date for Scheme of Arrangement
Binani Cement Commences Commercial Production of Grinding Unit at Binanigram
EPIC Energy clarifies on Government Order News
Modern India Board to consider sub-division
Easun Reyrolle to use funds raised for business expansion
Century Extrusions Board to consider rights issue
UB Engineering Board to consider rights issue
Sanwaria Agro Board approves stock split
Repeal of ULCRA has no impact on Bombay Dyeing
Parsvnath Developers Receives contract worth Rs 47 Crores
CARE assigns AA Rating for Dewan Housing's NCRPS
RCom to offer Nation wide GSM services soon
Source: Above 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.
MoneyControl, Myiris Updates
Moneycontrol.Com
Praj gets Forbes Best Under A Billion Company in Asia
Mkt struggle to continue; Fed next trigger: Experts
20K is key level to watch out for on Sensex: CLSA
Apply for Transformers & Rectifiers IPO: Experts
Sector watch: Contributors and laggards
Markets see Fed rate cut btwn 25-50bps: ICICI Pru
Sugar looks bullish over medium-term: Commtrendz
NSE cuts derivative contracts mkt lot from Dec 28
US Prez suggests ways to tackle subprime woes
Unitech can touch Rs 565-570: Gaurang Shah
CEAT likely to invest Rs 1000cr in tyre plant, stk zooms
-------------------------------------------------------
Myiris.Com
Brokers` Outlook: Market may touch new high next week
Forex reserves up USD 1,239 mn
Centre tables bills for common taxation
DIAL inks key financial documents for loan
MF Global retains `Buy` on Greenply Industries
Tata Elxsi forms 100% subsidiary in Singapore
Alok Industries bags approval to set up textile SEZ
ArcelorMittal eyes China Oriental buyout
Inflation drops to 3.01%
HUL sells Modern Foods to Switz Group
Mercator Lines`arm set to launch IPO
RCom. receives nod to start GSM services in 14 circles
Unitech goes on expansion mode
DLF submits bid for Rs 300 bn Ganga expressway
Tata Power, Monnet Ispat, Jindal Photo to form JV for coal mine
IPO Review: Transformers & Rectifiers issue seems to be attractive
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Praj gets Forbes Best Under A Billion Company in Asia
Mkt struggle to continue; Fed next trigger: Experts
20K is key level to watch out for on Sensex: CLSA
Apply for Transformers & Rectifiers IPO: Experts
Sector watch: Contributors and laggards
Markets see Fed rate cut btwn 25-50bps: ICICI Pru
Sugar looks bullish over medium-term: Commtrendz
NSE cuts derivative contracts mkt lot from Dec 28
US Prez suggests ways to tackle subprime woes
Unitech can touch Rs 565-570: Gaurang Shah
CEAT likely to invest Rs 1000cr in tyre plant, stk zooms
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Myiris.Com
Brokers` Outlook: Market may touch new high next week
Forex reserves up USD 1,239 mn
Centre tables bills for common taxation
DIAL inks key financial documents for loan
MF Global retains `Buy` on Greenply Industries
Tata Elxsi forms 100% subsidiary in Singapore
Alok Industries bags approval to set up textile SEZ
ArcelorMittal eyes China Oriental buyout
Inflation drops to 3.01%
HUL sells Modern Foods to Switz Group
Mercator Lines`arm set to launch IPO
RCom. receives nod to start GSM services in 14 circles
Unitech goes on expansion mode
DLF submits bid for Rs 300 bn Ganga expressway
Tata Power, Monnet Ispat, Jindal Photo to form JV for coal mine
IPO Review: Transformers & Rectifiers issue seems to be attractive
Source: Above 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.
10% pvt PFs in stocks may get nod: Rediff article
10% pvt PFs in stocks may get nod
The government may double to ten per cent the ceiling of retirement funds managed by private organisations for investing in listed companies, a move that could further boost the already bullish stock markets.The finance ministry is likely to take a final decision next week on allowing private provident funds, superannuation funds and gratuity funds to invest up to 10 per cent of their funds in listed shares.
"We had invited public comments on the proposed investment pattern for non-government provident funds, and would take a decision in this regard next week after studying the comments," a senior Finance Ministry official said on Friday.
If these guidelines are followed by private provident funds that have an aggregate investible amount of nearly Rs 300,000 crore (Rs 3000 billion), employees could expect higher yield on their savings as against the present rate of 8.5 per cent. The stock markets have given an average of 25-40 per cent returns in recent years.
The official said the investment pattern guidelines for non-government provident funds would be revised after about two-and-a-half years.The finance ministry has proposed that provident funds operated by firms could be allowed to invest their funds in shares of companies that have an investment grade debt rating from at least one credit rating agency or companies listed on BSE Sensex or NSE Nifty 50, besides in equity linked schemes of mutual funds regulated by SEBI.
Under the 2005 guidelines, these funds are allowed to invest up to five per cent of their funds in equity market. The union government had earlier given a go-ahead to the central public sector enterprises to invest up to 30 per cent of their surplus funds in the equity market.The finance ministry has maintained that keeping in view the developments in the stock market and tightening of regulations by SEBI, investment pattern of employees provident funds that are operated by employers need to be changed.
Notably, the Board of Trustees of the Employees Provident Fund had earlier rejected the finance ministry's suggestion to invest even up to five per cent of funds in stock market.
Sources said the finance ministry may also raise the limit of provident funds to invest in central and state government securities from 25 per cent to 35 per cent, besides in mutual funds which solely invest in government securities.
The finance ministry is also expected to allow private provident funds to invest up to 25 per cent of their money in bonds and term deposits of private sector banks as against only in public sector banks.However, it has proposed that these private banks where money would be deposited, should meet conditions of continuous profitability for three years and should not have non-performing assets more than 5 per cent of its net advances.
Private banks where employees money could be parked will also have to meet the condition of minimum net worth of Rs 200 crore (Rs 2 billion), sources added.
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Highlights of the Mid-Term Review
High growth sustained in first half of FY'08 at 9.1 pc
Must manage capital flow without hurting growth, prices
Must focus on agriculture and employment
Inflation eases below 4 per cent after 68 weeks
Percentage of 'Below Poverty Line' people declines to 22%
4.7 crore additional jobs created between 1999-2005.
Holding to growth with macro-economic stability a challenge
Improving competitiveness of industry, services a challenge
Must focus on disadvantaged groups not touched by growth
Consensus must for streamlining food, oil, fertilizer subsidy
Cost of neutralising capital flow impact Rs 8,200cr in FY08
Rupee rose 15.1 per cent against the dollar between Oct 2006-07.
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.
The government may double to ten per cent the ceiling of retirement funds managed by private organisations for investing in listed companies, a move that could further boost the already bullish stock markets.The finance ministry is likely to take a final decision next week on allowing private provident funds, superannuation funds and gratuity funds to invest up to 10 per cent of their funds in listed shares.
"We had invited public comments on the proposed investment pattern for non-government provident funds, and would take a decision in this regard next week after studying the comments," a senior Finance Ministry official said on Friday.
If these guidelines are followed by private provident funds that have an aggregate investible amount of nearly Rs 300,000 crore (Rs 3000 billion), employees could expect higher yield on their savings as against the present rate of 8.5 per cent. The stock markets have given an average of 25-40 per cent returns in recent years.
The official said the investment pattern guidelines for non-government provident funds would be revised after about two-and-a-half years.The finance ministry has proposed that provident funds operated by firms could be allowed to invest their funds in shares of companies that have an investment grade debt rating from at least one credit rating agency or companies listed on BSE Sensex or NSE Nifty 50, besides in equity linked schemes of mutual funds regulated by SEBI.
Under the 2005 guidelines, these funds are allowed to invest up to five per cent of their funds in equity market. The union government had earlier given a go-ahead to the central public sector enterprises to invest up to 30 per cent of their surplus funds in the equity market.The finance ministry has maintained that keeping in view the developments in the stock market and tightening of regulations by SEBI, investment pattern of employees provident funds that are operated by employers need to be changed.
Notably, the Board of Trustees of the Employees Provident Fund had earlier rejected the finance ministry's suggestion to invest even up to five per cent of funds in stock market.
Sources said the finance ministry may also raise the limit of provident funds to invest in central and state government securities from 25 per cent to 35 per cent, besides in mutual funds which solely invest in government securities.
The finance ministry is also expected to allow private provident funds to invest up to 25 per cent of their money in bonds and term deposits of private sector banks as against only in public sector banks.However, it has proposed that these private banks where money would be deposited, should meet conditions of continuous profitability for three years and should not have non-performing assets more than 5 per cent of its net advances.
Private banks where employees money could be parked will also have to meet the condition of minimum net worth of Rs 200 crore (Rs 2 billion), sources added.
---------------------------------------------------------------------
Highlights of the Mid-Term Review
High growth sustained in first half of FY'08 at 9.1 pc
Must manage capital flow without hurting growth, prices
Must focus on agriculture and employment
Inflation eases below 4 per cent after 68 weeks
Percentage of 'Below Poverty Line' people declines to 22%
4.7 crore additional jobs created between 1999-2005.
Holding to growth with macro-economic stability a challenge
Improving competitiveness of industry, services a challenge
Must focus on disadvantaged groups not touched by growth
Consensus must for streamlining food, oil, fertilizer subsidy
Cost of neutralising capital flow impact Rs 8,200cr in FY08
Rupee rose 15.1 per cent against the dollar between Oct 2006-07.
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.
Indian economy booms at 9.1% in H1: Rediff.Com
The Indian economy grew by 9.1 per cent in first half of 2007-08, says the Mid-Term Review tabled in Parliament on Friday.Striking a cautious note, the review said that managing copious capital flow, without hurting growth and price stability in the short-term would be a major challenge for the country.
The government warned that inflow of foreign funds was more than what the economy can absorb and was leading to appreciation of rupee, a situation that could endanger growth and price stability."Increased capital inflows can impact macroeconomic aggregates through the exchange rate, trade and monetary variables. This was particularly manifest in the first half of the current financial year and thus the management of capital inflows has been and is likely to remain an important issue," the Mid-Year Review 2007-08 said.
The review, tabled by Finance Minister P Chidambaram in Parliament, said that the Indian economy has been witnessing a robust growth for four years in a row now and buoyancy in the first half of this fiscal has reaffirmed continuation of this momentum.Even as the economy has been expanding at 9 per cent and above, the government admitted that growth needs to become more inclusive so that benefits of upswing could be shared by all sections of the society.
While the impetus to growth would continue to be provided by industry and services, growth in agriculture and absorption of labour in productive areas would need focused attention, it said.
Highlighting some of the key features, the Mid-Year Review said the Indian economy grew at 9.1 per cent in the first half of 2007-08 and inflation eased below 4 per cent after 68 weeks.
The growth has generally been inclusive, with the percentage of persons below poverty line declining from around 36 per cent of the population in 1993-94 to 28 per cent in 2004-05, it said.
More on............. Indian economy booms at 9.1% in H1 and
Highlights of the Mid-Term Review
Other Top Stories @ www.rediff.com
Sensex zooms & other highlights
Cheapest term-insurance plans
India added 168 new billionaires
Top 10 computer threats for 2008
Why stock traders lose money
Delhi has most millionaires in India
Information You Can Use
• JBIMS: Part-time PG prog
• TAPAI offers PGDM for 2008-10
• NIFT: August 2008 admissions
• Manmohan Singh scholarships
• Admissions: Manipal University
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.
The government warned that inflow of foreign funds was more than what the economy can absorb and was leading to appreciation of rupee, a situation that could endanger growth and price stability."Increased capital inflows can impact macroeconomic aggregates through the exchange rate, trade and monetary variables. This was particularly manifest in the first half of the current financial year and thus the management of capital inflows has been and is likely to remain an important issue," the Mid-Year Review 2007-08 said.
The review, tabled by Finance Minister P Chidambaram in Parliament, said that the Indian economy has been witnessing a robust growth for four years in a row now and buoyancy in the first half of this fiscal has reaffirmed continuation of this momentum.Even as the economy has been expanding at 9 per cent and above, the government admitted that growth needs to become more inclusive so that benefits of upswing could be shared by all sections of the society.
While the impetus to growth would continue to be provided by industry and services, growth in agriculture and absorption of labour in productive areas would need focused attention, it said.
Highlighting some of the key features, the Mid-Year Review said the Indian economy grew at 9.1 per cent in the first half of 2007-08 and inflation eased below 4 per cent after 68 weeks.
The growth has generally been inclusive, with the percentage of persons below poverty line declining from around 36 per cent of the population in 1993-94 to 28 per cent in 2004-05, it said.
More on............. Indian economy booms at 9.1% in H1 and
Highlights of the Mid-Term Review
Other Top Stories @ www.rediff.com
Sensex zooms & other highlights
Cheapest term-insurance plans
India added 168 new billionaires
Top 10 computer threats for 2008
Why stock traders lose money
Delhi has most millionaires in India
Information You Can Use
• JBIMS: Part-time PG prog
• TAPAI offers PGDM for 2008-10
• NIFT: August 2008 admissions
• Manmohan Singh scholarships
• Admissions: Manipal University
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.
Sensex gains 170 pts at close: Sify India
Sensex gains 170 pts at close
A rousing start notwithstanding, equities found the going very tough and choppy as participants, appearing quite clueless about the direction of the market, traded in a somewhat listless manner today. Global cues were strong to begin with and that prompted a buoyant start. As the session progressed, investors turned a bit cautious as Asian markets shed early gains and drifted lower. Inflation rate eased to 3.01% from the previous week's figure of 3.21%. But concerns voiced by the government about surging capital inflows forced a section of participants on to a defensive mood.
As many as 15 of its components, including heavyweights Reliance Industries and Larsen & Toubro, ended in the red today, but strong gains posted by IT, telecom and banking sector heavyweights lifted the Sensex up to a highly positive close.
While the Sensex ended with a big gain of 170.13 points or 0.86% at 19,966, the Nifty, which hit a new all-time high at 6042.10 this morning, closed with a gain of 0.33% or 19.60 points at 5974.30. The Sensex, which opened with a positive gap of nearly 280 points at 20,063.50 and moved on to 20,094.56 in early trade, tumbled to a low of 19,706.43 around mid afternoon.
IT bellwether Infosys Technologies stood firm almost right through the session and ended with a handsome gain of 5.1% at Rs 1718.15 today. Tata Consultancy Services (2.65%), Wipro (1.85%) and Satyam Computer Services (1.6%) took time to settle down but rallied smartly in afternoon trade to finish with smart gains.
Realty stock DLF moved up by 4.15% to Rs 1011.35. ICICI Bank (4.05%), HDFC Bank (2.1%) and State Bank of India (1.7%), housing finance major HDFC (3.85%), pharma stock Ranbaxy Laboratories (2.35%) and telecom stocks Reliance Communications (2.2%) and Bharti Airtel (2.1%) also rose sharply on sustained buying interest. Hindustan Unilever, NTPC and Maruti Suzuki ended with small gains.
Index heavyweight Reliance Industries eased by 1.1%. Hindalco and Tata Steel, the metal majors, lost 2.5% and 1.6% respectively. ITC slipped 1.95% to Rs 188.90. Cement stocks ACC, Grasim Industries and Ambuja Cements closed lower by 1.6%, 1.05% and 1% respectively.
BHEL went down by around 1.5%. Cipla, Bajaj Auto, Larsen & Toubro, Reliance Energy, Mahindra & Mahindra lost 0.5% - 1% while ONGC closed with a small loss.
VSNL, Sun Pharmaceuticals, Tata Power, ABB and Punjab National Bank closed with sharp to moderate gains. Hindustan Petroleum Corporation, SAIL, GAIL India and MTNL ended with sharp losses. Zee Entertainment, BPCL, Sterlite Industries and Siemens also finished on a weak note. Unitech, which opened firm and moved up further in subsequent trade, lost its way a little past mid afternoon and ended in the negative territory with a marginal loss.
Tech Mahindra was the biggest gainer from the IT index. NIIT Technologies rallied by over 7%. Moser Baer spurted 6.2%. i-Flex Solutions (5.8%), MphasiS (5.5%), Aptech (5.25%) and Patni Computers (3.7%) closed with impressive gains. HCL Technologies gained 2.45%. NIIT and Rolta India also closed on a high note.
Though the indices ended with sharp gains, the market breadth was just neutral as several midcap and smallcap stocks wilted under pressure and surrendered their gains. Out of 2909 stocks traded on BSE today, 1460 stocks closed with gains. 1406 stocks ended in the negative territory and 43 stocks ended at their previous closing levels.
A rousing start notwithstanding, equities found the going very tough and choppy as participants, appearing quite clueless about the direction of the market, traded in a somewhat listless manner today. Global cues were strong to begin with and that prompted a buoyant start. As the session progressed, investors turned a bit cautious as Asian markets shed early gains and drifted lower. Inflation rate eased to 3.01% from the previous week's figure of 3.21%. But concerns voiced by the government about surging capital inflows forced a section of participants on to a defensive mood.
As many as 15 of its components, including heavyweights Reliance Industries and Larsen & Toubro, ended in the red today, but strong gains posted by IT, telecom and banking sector heavyweights lifted the Sensex up to a highly positive close.
While the Sensex ended with a big gain of 170.13 points or 0.86% at 19,966, the Nifty, which hit a new all-time high at 6042.10 this morning, closed with a gain of 0.33% or 19.60 points at 5974.30. The Sensex, which opened with a positive gap of nearly 280 points at 20,063.50 and moved on to 20,094.56 in early trade, tumbled to a low of 19,706.43 around mid afternoon.
IT bellwether Infosys Technologies stood firm almost right through the session and ended with a handsome gain of 5.1% at Rs 1718.15 today. Tata Consultancy Services (2.65%), Wipro (1.85%) and Satyam Computer Services (1.6%) took time to settle down but rallied smartly in afternoon trade to finish with smart gains.
Realty stock DLF moved up by 4.15% to Rs 1011.35. ICICI Bank (4.05%), HDFC Bank (2.1%) and State Bank of India (1.7%), housing finance major HDFC (3.85%), pharma stock Ranbaxy Laboratories (2.35%) and telecom stocks Reliance Communications (2.2%) and Bharti Airtel (2.1%) also rose sharply on sustained buying interest. Hindustan Unilever, NTPC and Maruti Suzuki ended with small gains.
Index heavyweight Reliance Industries eased by 1.1%. Hindalco and Tata Steel, the metal majors, lost 2.5% and 1.6% respectively. ITC slipped 1.95% to Rs 188.90. Cement stocks ACC, Grasim Industries and Ambuja Cements closed lower by 1.6%, 1.05% and 1% respectively.
BHEL went down by around 1.5%. Cipla, Bajaj Auto, Larsen & Toubro, Reliance Energy, Mahindra & Mahindra lost 0.5% - 1% while ONGC closed with a small loss.
VSNL, Sun Pharmaceuticals, Tata Power, ABB and Punjab National Bank closed with sharp to moderate gains. Hindustan Petroleum Corporation, SAIL, GAIL India and MTNL ended with sharp losses. Zee Entertainment, BPCL, Sterlite Industries and Siemens also finished on a weak note. Unitech, which opened firm and moved up further in subsequent trade, lost its way a little past mid afternoon and ended in the negative territory with a marginal loss.
Tech Mahindra was the biggest gainer from the IT index. NIIT Technologies rallied by over 7%. Moser Baer spurted 6.2%. i-Flex Solutions (5.8%), MphasiS (5.5%), Aptech (5.25%) and Patni Computers (3.7%) closed with impressive gains. HCL Technologies gained 2.45%. NIIT and Rolta India also closed on a high note.
Though the indices ended with sharp gains, the market breadth was just neutral as several midcap and smallcap stocks wilted under pressure and surrendered their gains. Out of 2909 stocks traded on BSE today, 1460 stocks closed with gains. 1406 stocks ended in the negative territory and 43 stocks ended at their previous closing levels.
More @ www.sify.com/finance
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.
Know About: ConocoPhillips, AIG
ConocoPhillips
ConocoPhillips (NYSE: COP) is an international energy corporation with its headquarters located in Houston, Texas. It was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002. Headquarters are based in Houston, Texas in the United States, and offices are located worldwide. It is one of the six "supermajor" vertically integrated oil companies.
ConocoPhillips employs approximately 38,700 people worldwide in more than 40 countries. As of 2006, their 12 U.S. refineries had a combined crude processing capacity of 2,208,000 barrels per day (BPD) making it the second-largest refiner in the United States. Worldwide, they have a combined crude processing capacity of 2,901,000 BPD making it the fifth-largest refiner in the world.
More @ http://en.wikipedia.org/wiki/ConocoPhilips
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American International Group [ AIG ]
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685) is a major American insurance corporation based in New York City. It has its European HQ in Croydon in London, England, UK and its Asian HQ in Hong Kong, China. AIG is the sixth-largest company in the world according to the 2007 Forbes Global 2000 list. The company became a component of the Dow Jones Industrial Average on April 8, 2004. It is also the sponsor of Manchester United F.C. On December 11, 2006 it was announced that a division of AIG would purchase from Dubai Ports World disputed North American ports.
More @ http://en.wikipedia.org/wiki/AIG
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.
ConocoPhillips (NYSE: COP) is an international energy corporation with its headquarters located in Houston, Texas. It was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002. Headquarters are based in Houston, Texas in the United States, and offices are located worldwide. It is one of the six "supermajor" vertically integrated oil companies.
ConocoPhillips employs approximately 38,700 people worldwide in more than 40 countries. As of 2006, their 12 U.S. refineries had a combined crude processing capacity of 2,208,000 barrels per day (BPD) making it the second-largest refiner in the United States. Worldwide, they have a combined crude processing capacity of 2,901,000 BPD making it the fifth-largest refiner in the world.
More @ http://en.wikipedia.org/wiki/ConocoPhilips
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American International Group [ AIG ]
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685) is a major American insurance corporation based in New York City. It has its European HQ in Croydon in London, England, UK and its Asian HQ in Hong Kong, China. AIG is the sixth-largest company in the world according to the 2007 Forbes Global 2000 list. The company became a component of the Dow Jones Industrial Average on April 8, 2004. It is also the sponsor of Manchester United F.C. On December 11, 2006 it was announced that a division of AIG would purchase from Dubai Ports World disputed North American ports.
More @ http://en.wikipedia.org/wiki/AIG
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.
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AIG,
Know About: ConocoPhillips
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