Moneycontrol.Com
Exit laggards, buy largecaps: Experts
Eton Park deal will help expansion into US: Rel MF
Do you own these prized midcap picks?
Govt launches NELP-VII; opens bids for 57 blocks
Stocks to watch: Ispat, IFCI
India is seriously playing games!
TV18 strikes alliance with Forbes Media for Biz Mag
New MF schemes for postal, rural life insurance launched
Bullish on oil and gas: Anagram Stock Broking
Fund Action witnessed in stocks on 12th December, 2007
India slightly better than China: Bank Julius Baer
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Myiris.Com
Brokers` Outlook: Market to follow global cues on Friday
Improvement in fiscal position of state govts: RBI
HB Stockholdings hikes stake in DCM Shriram Ind. to 17.25%
TV 18 partners with Forbes to launch business magazine
RIL lines up USD 24 bn expansion plan
Active stock: Finolex Cables soars over 5% on JV with Japanese co.
Aries Agro IPO opens on Dec. 14
GE Shipping orders 2 more Supramax dry bulk carriers
Videocon to put fresh bid for Daewoo
Tatas, REL & GMR in fray for Singapore power co.
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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.
13 December 2007
Kolte-Patil ends with 24% premium, Other IPOs News
Kolte-Patil Developers ends with 24% premium
Kolte-Patil plans to expand to emerging cities
Pune based real estate developer, Kolte-Patil Developers, has touched an intraday high of Rs 230, a gain of 58.62% before closing the day at Rs 180.15, a premium of 24.24% over its offer price of Rs 145. Negative sentiment in markets and some litigation matter with the landowners on the company's front have pulled down the stock to Rs 176, an intraday low. It traded with volumes of 1.67,52,612 shares and the turnover was at Rs 314 crore on the NSE. The stock ended at Rs 181.45, with volumes of 1,06,11,353 shares. It has touched a high/low of Rs 223.90 and Rs 175 respectively on the BSE.
Rajesh Patil, CMD, Kolte-Patil Developers told CNBC-TV18, their total saleable area in Pune and Bangalore is 39 million sq ft. Currently, 18 million sq ft is under construction, while 21 million sq ft is under MoUs. They plan to expand to emerging cities, but their main focus is on Pune, Bangalore. Right now, they have three projects with ICICI Venture Capital and three with Yatra Capital, he said.
The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.
Other IPO news:
JSW Steel to launch Energy unit IPO before FY
Brigade Enterprises IPO subscribed 13 times
Kaushalya Infra likely to debut at Rs 68-70
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Kolte-Patil plans to expand to emerging cities
Pune based real estate developer, Kolte-Patil Developers, has touched an intraday high of Rs 230, a gain of 58.62% before closing the day at Rs 180.15, a premium of 24.24% over its offer price of Rs 145. Negative sentiment in markets and some litigation matter with the landowners on the company's front have pulled down the stock to Rs 176, an intraday low. It traded with volumes of 1.67,52,612 shares and the turnover was at Rs 314 crore on the NSE. The stock ended at Rs 181.45, with volumes of 1,06,11,353 shares. It has touched a high/low of Rs 223.90 and Rs 175 respectively on the BSE.
Rajesh Patil, CMD, Kolte-Patil Developers told CNBC-TV18, their total saleable area in Pune and Bangalore is 39 million sq ft. Currently, 18 million sq ft is under construction, while 21 million sq ft is under MoUs. They plan to expand to emerging cities, but their main focus is on Pune, Bangalore. Right now, they have three projects with ICICI Venture Capital and three with Yatra Capital, he said.
The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.
Other IPO news:
JSW Steel to launch Energy unit IPO before FY
Brigade Enterprises IPO subscribed 13 times
Kaushalya Infra likely to debut at Rs 68-70
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. Blog is not responsible for any faulty information...
Other reports from Other Blogs
http://www.deadpresident.blogspot.com
GE Shipping, Economy, Banks
Nifty December futures strike all time high
Post Market Commentary
Marg Constructions / Gayatri Projects
Sensex tanks on weak global cues
Aries Agro IPO Analysis
Gold gains but silver slips
GMR raises $1bn; sells stake to Soros, others
-------------------------------------------------------
http://www.bsensedaily.com
GMR sells stake in GMR Infra
Sensex to scale 21000 mark soon
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. Blog is not responsible for any faulty information...
GE Shipping, Economy, Banks
Nifty December futures strike all time high
Post Market Commentary
Marg Constructions / Gayatri Projects
Sensex tanks on weak global cues
Aries Agro IPO Analysis
Gold gains but silver slips
GMR raises $1bn; sells stake to Soros, others
-------------------------------------------------------
http://www.bsensedaily.com
GMR sells stake in GMR Infra
Sensex to scale 21000 mark soon
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. Blog is not responsible for any faulty information...
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Other reports from Other Blogs
Sensex plunges 271 pts at close : Sify India
Sensex plunges 271 pts at close
The Sensex opened with a bang, hitting a new high at 20,498.11 at the bell, and after staying in the positive territory for a little over half an hour amid high volatility, drifted into the red as a few blue chip stocks encountered resistance at lost ground. And it never really managed to bounce back into the positive zone after that. Instead, the barometer drifted lower and lower as the session progressed. Though a smart rally around mid afternoon raised some hopes of a sharp recovery, a fresh bout of selling - this time around the pressure proved more intense - knocked the wind out of several blue chip stocks and sent the Sensex crashing down to 20,065.63. With global markets turning weak and no prominent triggers available on the home front, participants chose to exit key counters today.
While the Sensex ended the session with a huge loss of 271.48 points or 1.33% at 20,104.39, the Nifty, which touched a new all-time high at 6185.40 in morning trade but plunged to a low of 6040.40 during the closing minutes, settled at 6058.10 with a loss of 1.64% or 101.20 points.
FMCG heavyweight ITC opened on a firm note and despite a drop in momentum midway through the session ended the day with a handsome gain of 4.15% at Rs 196.90.
Hindustan Unilever took a long time to see action, but managed a modest gain of 0.8% in the end. Metal stocks Tata Steel (2.9%) and Hindalco (1.6%), pharma majors Cipla (2.1%) and Ranbaxy Laboratories (0.85%), housing finance stock HDFC (1.1%) and automobile majors Bajaj Auto (1.5%) and Mahindra & Mahindra (0.8%) ended on a firm note. Realty stock DLF edged up marginally to Rs 1022.80.
It turned out to be an extremely weak outing for Bharti Airtel, one of the biggest gainers yesterday. The stock closed with a sharp loss of 6.2% at Rs 987.80. ICICI Bank (down 3.7%), Maruti Suzuki (down 3.45%), Satyam Computer Services (down 2.3%), ONGC (down 2.2%), BHEL (down 2.15%), NTPC (down 1.95%), Ambuja Cements (down 1.9%), State Bank of India (down 1.85%), Reliance Industries (down 1.85%), Tata Consultancy Services (down 1.8%), Infosys Technologies (down 1.55%) and HDFC Bank (down 1.45%) went down sharply.
Tata Motors, which had a brief spell in the positive territory, ended with a loss of 1.25% at Rs 759.85. Larsen & Toubro, Wipro and Reliance Energy lost more than a per cent from their previous closing levels. ACC (down 0.7%), Reliance Communications (down 0.45%) and Grasim Industries (down 0.2%) also ended on a weak note.
Sun Pharmaceuticals, Tata Power, HCL Technologies, GAIL India, Zee Entertainment, Sterlite Industries, BPCL, Nalco, Reliance Petroleum, GlaxoSmithKline Pharma, Suzlon Energy and Unitech closed with sharp losses today.
Dr. Reddy's Laboratories gained nearly 3%. Punjab National Bank, Idea Cellular, Hero Honda, VSNL and Cairn India closed with sharp to moderate gains. Lanco Infratech, Gillette, JSW Steel, Spice Telecom, GE Shipping, Aditya Birla Nuvo, Ispat Industries, Cadila Healthcare, Torrent Power, Indian Hotels, Adani Enterprises, IVR Prime, Jet Airways, Tata Tea, EIH Limited, Essel Propack and Lupin posted strong gains.
Micro Inks, Parsvnath Developers, D-Link India, Mastek, Finolex Industries, Edelweiss Capital, National Fertilizers, Syndicate Bank, HTMT Global, Maharashtra Seamless, Mangalore Refineries & Petrochemicals and Tata Chemicals declined sharply.
Realty stock Kolte Patil Developers made a fairly good debut today. The stock opened at Rs 230 on NSE - it remained its high - and ended at Rs 180.15, a few rupees off an intra-day low of Rs 176, at a premium of 24.25% to its issue price. Over 16.75 million shares were traded at the Kolte Patil counter on NSE today.
Though the indices closed with sharp losses, the market breadth remained positive thanks to strong buying in midcap and smallcap stocks. Out of 2928 stocks traded on BSE, 1842 stocks closed higher. 1060 stocks ended on a weak note and 26 stocks finished at their previous closing levels
More stories @ www.sify.com/finance
BHEL bags Rs 121 cr contract
Indian KPOs step up cross-border M&As
Apollo Tyres to expand capacity
Reliance Money PMS roll-out in mid-Jan
Fed rate cuts not a determining factor: Reddy
Praj inks JV with Brazilian firm
Television Eighteen in pact with Forbes Media
India's largest tech fund beats IT sector blues
Naukri.com introduces international jobs section
Citigroup's Vikram Pandit has Midas touch
S&P raises Bharti rating to investment grade
Citigroup Global ups stake in Sujana Towers
Rajesh Exports gets order worth Rs 116 cr
Kolte-Patil shares rise 59% on NSE debut
5% in Reliance MF gets Rs 501 cr
Parsvnath sets up arm for AMC, asset holding biz
India has 3rd largest telecom market: PwC
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...
The Sensex opened with a bang, hitting a new high at 20,498.11 at the bell, and after staying in the positive territory for a little over half an hour amid high volatility, drifted into the red as a few blue chip stocks encountered resistance at lost ground. And it never really managed to bounce back into the positive zone after that. Instead, the barometer drifted lower and lower as the session progressed. Though a smart rally around mid afternoon raised some hopes of a sharp recovery, a fresh bout of selling - this time around the pressure proved more intense - knocked the wind out of several blue chip stocks and sent the Sensex crashing down to 20,065.63. With global markets turning weak and no prominent triggers available on the home front, participants chose to exit key counters today.
While the Sensex ended the session with a huge loss of 271.48 points or 1.33% at 20,104.39, the Nifty, which touched a new all-time high at 6185.40 in morning trade but plunged to a low of 6040.40 during the closing minutes, settled at 6058.10 with a loss of 1.64% or 101.20 points.
FMCG heavyweight ITC opened on a firm note and despite a drop in momentum midway through the session ended the day with a handsome gain of 4.15% at Rs 196.90.
Hindustan Unilever took a long time to see action, but managed a modest gain of 0.8% in the end. Metal stocks Tata Steel (2.9%) and Hindalco (1.6%), pharma majors Cipla (2.1%) and Ranbaxy Laboratories (0.85%), housing finance stock HDFC (1.1%) and automobile majors Bajaj Auto (1.5%) and Mahindra & Mahindra (0.8%) ended on a firm note. Realty stock DLF edged up marginally to Rs 1022.80.
It turned out to be an extremely weak outing for Bharti Airtel, one of the biggest gainers yesterday. The stock closed with a sharp loss of 6.2% at Rs 987.80. ICICI Bank (down 3.7%), Maruti Suzuki (down 3.45%), Satyam Computer Services (down 2.3%), ONGC (down 2.2%), BHEL (down 2.15%), NTPC (down 1.95%), Ambuja Cements (down 1.9%), State Bank of India (down 1.85%), Reliance Industries (down 1.85%), Tata Consultancy Services (down 1.8%), Infosys Technologies (down 1.55%) and HDFC Bank (down 1.45%) went down sharply.
Tata Motors, which had a brief spell in the positive territory, ended with a loss of 1.25% at Rs 759.85. Larsen & Toubro, Wipro and Reliance Energy lost more than a per cent from their previous closing levels. ACC (down 0.7%), Reliance Communications (down 0.45%) and Grasim Industries (down 0.2%) also ended on a weak note.
Sun Pharmaceuticals, Tata Power, HCL Technologies, GAIL India, Zee Entertainment, Sterlite Industries, BPCL, Nalco, Reliance Petroleum, GlaxoSmithKline Pharma, Suzlon Energy and Unitech closed with sharp losses today.
Dr. Reddy's Laboratories gained nearly 3%. Punjab National Bank, Idea Cellular, Hero Honda, VSNL and Cairn India closed with sharp to moderate gains. Lanco Infratech, Gillette, JSW Steel, Spice Telecom, GE Shipping, Aditya Birla Nuvo, Ispat Industries, Cadila Healthcare, Torrent Power, Indian Hotels, Adani Enterprises, IVR Prime, Jet Airways, Tata Tea, EIH Limited, Essel Propack and Lupin posted strong gains.
Micro Inks, Parsvnath Developers, D-Link India, Mastek, Finolex Industries, Edelweiss Capital, National Fertilizers, Syndicate Bank, HTMT Global, Maharashtra Seamless, Mangalore Refineries & Petrochemicals and Tata Chemicals declined sharply.
Realty stock Kolte Patil Developers made a fairly good debut today. The stock opened at Rs 230 on NSE - it remained its high - and ended at Rs 180.15, a few rupees off an intra-day low of Rs 176, at a premium of 24.25% to its issue price. Over 16.75 million shares were traded at the Kolte Patil counter on NSE today.
Though the indices closed with sharp losses, the market breadth remained positive thanks to strong buying in midcap and smallcap stocks. Out of 2928 stocks traded on BSE, 1842 stocks closed higher. 1060 stocks ended on a weak note and 26 stocks finished at their previous closing levels
More stories @ www.sify.com/finance
BHEL bags Rs 121 cr contract
Indian KPOs step up cross-border M&As
Apollo Tyres to expand capacity
Reliance Money PMS roll-out in mid-Jan
Fed rate cuts not a determining factor: Reddy
Praj inks JV with Brazilian firm
Television Eighteen in pact with Forbes Media
India's largest tech fund beats IT sector blues
Naukri.com introduces international jobs section
Citigroup's Vikram Pandit has Midas touch
S&P raises Bharti rating to investment grade
Citigroup Global ups stake in Sujana Towers
Rajesh Exports gets order worth Rs 116 cr
Kolte-Patil shares rise 59% on NSE debut
5% in Reliance MF gets Rs 501 cr
Parsvnath sets up arm for AMC, asset holding biz
India has 3rd largest telecom market: PwC
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: Valero Energy Corporation
Valero Energy Corporation
Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon.
More @ http://en.wikipedia.org/wiki/Valero_Energy
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Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon.
More @ http://en.wikipedia.org/wiki/Valero_Energy
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Corporate Of the Day: Vedanta Resources
Vedanta Resources
Vedanta Resources plc (LSE: VED) is a diversified and integrated metals and mining group. Headquartered in the United Kingdom, its principal operations are located in India, with a major market share in each of the main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and Tasmania, Australia. Vedanta's subsidiary Sterlite Industries is one of India's largest mining company[1] while Konkola Copper Mines is the largest mining company in Zambia.[2]. Vedanta's Indian zinc and copper operations rank in the top quartile of global cost efficiency.[citation needed]. In addition to the existing operations, Vedanta currently has a range of expansion projects involving investment of over $2bn, which is already more than half completed.[citation needed]. Vedanta was listed on the London Stock Exchange in December 2003,[3] and the FTSE 100 Index in June 2006.[4]
More @ http://en.wikipedia.org/wiki/Vedanta_Resources
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 given. Blog is not responsible for any faulty information.
Vedanta Resources plc (LSE: VED) is a diversified and integrated metals and mining group. Headquartered in the United Kingdom, its principal operations are located in India, with a major market share in each of the main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and Tasmania, Australia. Vedanta's subsidiary Sterlite Industries is one of India's largest mining company[1] while Konkola Copper Mines is the largest mining company in Zambia.[2]. Vedanta's Indian zinc and copper operations rank in the top quartile of global cost efficiency.[citation needed]. In addition to the existing operations, Vedanta currently has a range of expansion projects involving investment of over $2bn, which is already more than half completed.[citation needed]. Vedanta was listed on the London Stock Exchange in December 2003,[3] and the FTSE 100 Index in June 2006.[4]
More @ http://en.wikipedia.org/wiki/Vedanta_Resources
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 given. Blog is not responsible for any faulty information.
12 December 2007
Economic Times Business Stories
US Fed cuts key interest rate for third time in 3 months
Bulls set for another run; eye 21,250 on Sensex
Jindal, Williams among top 10 Indian-American newsmakers
Ten penny-pinching ideas for 2008
Mkts close at new high; shrug off global weakness Govt announces subsidy for number of rooms in hotels
'IT export targets to be met despite Re surge'
Rupee loses ground, gold price fell too
India logs surprise 11.8 percent industrial growth
NASSCOM-IIMA starts survey on women workforce of IT, ITeS
India's Petronet seeks partner offering cheap LNG
PSBs to hold 51% in clearing arm
Unitech's Chandra pips Mittal as richest self-made billionaire
Vikram Pandit named CitiGroup CEO
Indian honchos splash US Inc, climb Fortune mountain
Eton Park to invest $127 mn in Reliance Capital
Reliance Energy wins $945 mn contract
RIL to buy Hualon's assets for Rs 2k cr
RIl signs contracts for 2 Columbian blocks
German parent Linde to invest Rs 598 cr in BOC
Italian co to acquire 60% in Nicco unit
Tata Steel in JV for development of iron ore deposits in West Africa
Ansal gets UP govt nod for two Lucknow SEZs
NSE bans trading in 12 F&O securities
Analysts' picks: MphasiS; Ashok Leyland; United Phosphorus
Heard on the street
BGR Energy Systems IPO subscribed 61.62 times
Tata Consultancy eyeing 12 large contracts - CFO
Bancassurance to generate 35 % of private insurers' premium
Merlin Group forms JV company with city based export co
Redfort to invest $100 mn in Chennai
NSE allows new positions in 3 derivatives contracts
International News:
US Fed cuts key interest rate for third time in 3 months
Israel becomes world's 4th largest arms exporter
bal deals to drive Asia M&A charge
ABN Amro set to end Rothschild JV
ArcelorMittal acquires Argentine steel distributor
HSBC says aims to open 7 retail branches in Japan
China Sunshine Paper rises 8% in HK IPO debut
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.
Bulls set for another run; eye 21,250 on Sensex
Jindal, Williams among top 10 Indian-American newsmakers
Ten penny-pinching ideas for 2008
Mkts close at new high; shrug off global weakness Govt announces subsidy for number of rooms in hotels
'IT export targets to be met despite Re surge'
Rupee loses ground, gold price fell too
India logs surprise 11.8 percent industrial growth
NASSCOM-IIMA starts survey on women workforce of IT, ITeS
India's Petronet seeks partner offering cheap LNG
PSBs to hold 51% in clearing arm
Unitech's Chandra pips Mittal as richest self-made billionaire
Vikram Pandit named CitiGroup CEO
Indian honchos splash US Inc, climb Fortune mountain
Eton Park to invest $127 mn in Reliance Capital
Reliance Energy wins $945 mn contract
RIL to buy Hualon's assets for Rs 2k cr
RIl signs contracts for 2 Columbian blocks
German parent Linde to invest Rs 598 cr in BOC
Italian co to acquire 60% in Nicco unit
Tata Steel in JV for development of iron ore deposits in West Africa
Ansal gets UP govt nod for two Lucknow SEZs
NSE bans trading in 12 F&O securities
Analysts' picks: MphasiS; Ashok Leyland; United Phosphorus
Heard on the street
BGR Energy Systems IPO subscribed 61.62 times
Tata Consultancy eyeing 12 large contracts - CFO
Bancassurance to generate 35 % of private insurers' premium
Merlin Group forms JV company with city based export co
Redfort to invest $100 mn in Chennai
NSE allows new positions in 3 derivatives contracts
International News:
US Fed cuts key interest rate for third time in 3 months
Israel becomes world's 4th largest arms exporter
bal deals to drive Asia M&A charge
ABN Amro set to end Rothschild JV
ArcelorMittal acquires Argentine steel distributor
HSBC says aims to open 7 retail branches in Japan
China Sunshine Paper rises 8% in HK IPO debut
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.
Labels:
Economic Times Business Stories
Other Blogs Round Up
http://www.deadpresident.blogspot.com
US Market slammed as Fed disappoints /Fed cuts interest rates
Grey Market Premium Updates
Earnings 2007
Reliance Energy, Jindal Steel & Power December futures at premium
Welspun Gujarat /Deccan Chronicle / United Phosphorus
Market Mantra and Futures & Options
Fed-up of small cuts!
Stocks in News:
Wipro is looking to earn one-sixth of its global revenues by March 2009 from system integration business.
Pfizer's patent for new HIV follow up treatment drug Celzentry in India may face opposition from patient groups and NGOs.
Marico is currently test marketing hair oil, gel and shampoo for children.
ITC to provide supply solutions to help small stores place orders over mobile phones.
TV18 Group to buy a majority 53% stake in Infomedia India.
Ansal API receives UP government’s approval for two SEZs.
Jindal Drilling plans to divest 10% stake to fund expansion plans.
Nalco is investing Rs300bn over the next five years for setting up smelter and power plant in Indonesia.
SBI expects slowdown in personal loans by 5-10% in second half of FY08.
Shriram Transport Finance is looking at the replacement market to sustain its loan growth at 50% in H2 FY08.
Idea Cellular offers Rs16.5bn for additional 4.4MHz spectrum.
Reliance Industries to spend US$12bn to develop three gas basins.
IOC says it would stop fuel supply to the railways if the latter continues to insist on discounts.
United Phosphorus is set to bid for Australia's largest agriculture chemical company, Nufarm.
Tata Steel has entered into a joint venture with SODEMI for the developing Mount Nimba iron ore deposits in Ivory Coast in West Africa.
Suzuki announces that Maruti Suzuki India will make its next global car, the A-Star.
Mercator Lines raises about US$142.5mn from its listing at the Singapore stock exchange.
Reliance Industries sings contracts for exploration in two oil and gas blocks in Colombia.
Reliance Energy led consortium will contest Sea King while bidding for the Mumbai Trans-Harbour link.
Reliance Energy’s 4,000MW Shahapur project gets environment clearance.
L&T acquires 26% stake in New Delhi based consulting and engineering firm Feedback Ventures for Rs400mn.
JSW Energy invites bids for BoP package for its proposed 3x400MW coal fired power plant in Ratnagiri.
Commerce Minister Kamal Nath rules out any possibility of relaxation of land rules for SEZs.
The RBI may soon tighten norms for foreign exchange derivatives.
The Government is likely to extend Software Technology Parks of India scheme only to Indian ITES/BPO firms beyond 2009.
The Petroleum & Natural Gas Regulatory Board has urged the petroleum ministry to offer targeted subsidy on petrol, diesel, LPG and kerosene.
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Several Openings Exist currently in Edelweiss Capital for Finance and CFA candidates.Some of the prominent ones being:Edelweiss Capital-Research Analyst Openings
Evalueserve has openings related to finance in the following areas:1)Investment Banking 2)Corporate Finance...More...Investment Banking Openings in EVS
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Sundram Fasteners Ltd. Stock Analysis
Company:Sundram Fasteners Ltd.
Industry:Auto Ancl - Engine
Recommendation:Performer
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Company:Tourism Finance Corporation of India
Industry:Finance - Term Lending Institutions
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Company:RSWM Ltd.
Industry:Textiles - Spinning - Synthetic Blended
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US Market slammed as Fed disappoints /Fed cuts interest rates
Grey Market Premium Updates
Earnings 2007
Reliance Energy, Jindal Steel & Power December futures at premium
Welspun Gujarat /Deccan Chronicle / United Phosphorus
Market Mantra and Futures & Options
Fed-up of small cuts!
Stocks in News:
Wipro is looking to earn one-sixth of its global revenues by March 2009 from system integration business.
Pfizer's patent for new HIV follow up treatment drug Celzentry in India may face opposition from patient groups and NGOs.
Marico is currently test marketing hair oil, gel and shampoo for children.
ITC to provide supply solutions to help small stores place orders over mobile phones.
TV18 Group to buy a majority 53% stake in Infomedia India.
Ansal API receives UP government’s approval for two SEZs.
Jindal Drilling plans to divest 10% stake to fund expansion plans.
Nalco is investing Rs300bn over the next five years for setting up smelter and power plant in Indonesia.
SBI expects slowdown in personal loans by 5-10% in second half of FY08.
Shriram Transport Finance is looking at the replacement market to sustain its loan growth at 50% in H2 FY08.
Idea Cellular offers Rs16.5bn for additional 4.4MHz spectrum.
Reliance Industries to spend US$12bn to develop three gas basins.
IOC says it would stop fuel supply to the railways if the latter continues to insist on discounts.
United Phosphorus is set to bid for Australia's largest agriculture chemical company, Nufarm.
Tata Steel has entered into a joint venture with SODEMI for the developing Mount Nimba iron ore deposits in Ivory Coast in West Africa.
Suzuki announces that Maruti Suzuki India will make its next global car, the A-Star.
Mercator Lines raises about US$142.5mn from its listing at the Singapore stock exchange.
Reliance Industries sings contracts for exploration in two oil and gas blocks in Colombia.
Reliance Energy led consortium will contest Sea King while bidding for the Mumbai Trans-Harbour link.
Reliance Energy’s 4,000MW Shahapur project gets environment clearance.
L&T acquires 26% stake in New Delhi based consulting and engineering firm Feedback Ventures for Rs400mn.
JSW Energy invites bids for BoP package for its proposed 3x400MW coal fired power plant in Ratnagiri.
Commerce Minister Kamal Nath rules out any possibility of relaxation of land rules for SEZs.
The RBI may soon tighten norms for foreign exchange derivatives.
The Government is likely to extend Software Technology Parks of India scheme only to Indian ITES/BPO firms beyond 2009.
The Petroleum & Natural Gas Regulatory Board has urged the petroleum ministry to offer targeted subsidy on petrol, diesel, LPG and kerosene.
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Several Openings Exist currently in Edelweiss Capital for Finance and CFA candidates.Some of the prominent ones being:Edelweiss Capital-Research Analyst Openings
Evalueserve has openings related to finance in the following areas:1)Investment Banking 2)Corporate Finance...More...Investment Banking Openings in EVS
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Sundram Fasteners Ltd. Stock Analysis
Company:Sundram Fasteners Ltd.
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Company:Tourism Finance Corporation of India
Industry:Finance - Term Lending Institutions
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Company:RSWM Ltd.
Industry:Textiles - Spinning - Synthetic Blended
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Myiris Business Updates
Myiris.Com
Wrap Up: Sensex ends up 84.98 pts after US Fed cut
Brokers` Outlook: Market to be volatile on Thursday
Renaissance Jewellery closes at 9.93% premium on NSE
Edelweiss settles at 83% premium on NSE
IL&FS Investment raises 2nd Int`l Real Estate Fund
Burnpur Cement fixed price IPO subscribed 15.19
Sundram Fasteners acquires Upasana Engineering
Suzlon`s arm Hansen list with 42.3% premium on LSE
Punj Lloyd bags Rs 5.90 bn order from IOC
BAG Films to air News 24, Hindi News channel on Dec 13
SAT dismisses stay on delisting of Essar Steel
REL secures 1,200 MW EPC order of over Rs 37,250 mn
Parsvnath Developers incorporates its subsidiary
South Indian Bank to overtake its targets for the current fiscal
Active stock: Infomedia soars over 4% on news of takeover by TV18
ArcelorMittal acquires Argentina`s steel giant
TV18 acquires 53% stake in Infomedia
ADB allocates USD 9.2 bn for infrastructure
RIL to infuse USD 12 bn to develop three gas basins
Diamond Power Infra to buy European co.
Tata Steel enters into JV with African co.
RIL to acquire Hualon`s assets
United Phosphorus keen on Australia`s Nufarm
Egypt to strike alliance with IOC for USD 9 bn refinery
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. Blog is not responsible for any faulty information.
Wrap Up: Sensex ends up 84.98 pts after US Fed cut
Brokers` Outlook: Market to be volatile on Thursday
Renaissance Jewellery closes at 9.93% premium on NSE
Edelweiss settles at 83% premium on NSE
IL&FS Investment raises 2nd Int`l Real Estate Fund
Burnpur Cement fixed price IPO subscribed 15.19
Sundram Fasteners acquires Upasana Engineering
Suzlon`s arm Hansen list with 42.3% premium on LSE
Punj Lloyd bags Rs 5.90 bn order from IOC
BAG Films to air News 24, Hindi News channel on Dec 13
SAT dismisses stay on delisting of Essar Steel
REL secures 1,200 MW EPC order of over Rs 37,250 mn
Parsvnath Developers incorporates its subsidiary
South Indian Bank to overtake its targets for the current fiscal
Active stock: Infomedia soars over 4% on news of takeover by TV18
ArcelorMittal acquires Argentina`s steel giant
TV18 acquires 53% stake in Infomedia
ADB allocates USD 9.2 bn for infrastructure
RIL to infuse USD 12 bn to develop three gas basins
Diamond Power Infra to buy European co.
Tata Steel enters into JV with African co.
RIL to acquire Hualon`s assets
United Phosphorus keen on Australia`s Nufarm
Egypt to strike alliance with IOC for USD 9 bn refinery
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. Blog is not responsible for any faulty information.
Kolte-Patil likely to list above Rs 200: Experts
Kolte-Patil likely to list above Rs 200: Experts
Pune based real estate developer, Kolte-Patil Developers, will list on the bourses on December 13, 2007. Analysts told Moneycontrol.com that the stock is likely to list above Rs 200 and advised to book profits above Rs 250.R S Iyer of K R Choksey Securities said, "Kolte Patil is expected to list at around Rs 200-215. Above Rs 250, one can book profits."
"Kolte Patil Developers is likely to list at Rs 230 against its issue price of Rs 145. Investors are advised to hold", Investment Advisor, S P Tulsian said.
The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange. The book running lead managers to the issue are DSP Merrill Lynch Limited and Edelweiss Capital Limited.
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Pune based real estate developer, Kolte-Patil Developers, will list on the bourses on December 13, 2007. Analysts told Moneycontrol.com that the stock is likely to list above Rs 200 and advised to book profits above Rs 250.R S Iyer of K R Choksey Securities said, "Kolte Patil is expected to list at around Rs 200-215. Above Rs 250, one can book profits."
"Kolte Patil Developers is likely to list at Rs 230 against its issue price of Rs 145. Investors are advised to hold", Investment Advisor, S P Tulsian said.
The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange. The book running lead managers to the issue are DSP Merrill Lynch Limited and Edelweiss Capital Limited.
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Edelweiss Cap ends with 83% and Other IPO News : Moneycontrol.Com
Cheerful day for Edelweiss Cap, ends with 83%
It was a cheerful day for Edelweiss Capital, a diversified financial services company, which surged 95% before ending the day at Rs 1510.25 (up 83.06%) as against offer price of Rs 825 on the NSE. The stock has touched a high of Rs 1608.75 and low of Rs 1443.75. It has remained above Rs 1500 mark on the back of buying support from institutional investors.
It traded with volumes of 66,86,196 shares and turnover at Rs 1020 crore.
Rashesh Shah, CMD and CEO, Edelweiss Capital said, in an interview to CNBC-TV18, that they are in the final stages of getting the nod from Sebi for MF business; it will kick off in Q1CY08. He said the revenues may not move in line with markets yet, but other businesses will help in stabilising them.
The stock touched a high of Rs 1608.75 and low of Rs 1443.75 before settling the day at Rs 1509.95 on the BSE. It traded with volumes of 36,16,374 shares.
The company had come out with a public issue of 8,386,147 equity shares of Rs 5 each for cash, at a price band of Rs 725-825 per equity share. It had subscribed 111 times.
More @
Cheerful day for Edelweiss Cap, ends with 83%
MF biz to kick off in Q1CY08: Edelweiss Cap
Other IPO news:
Renaissance Jewellery gains 25% on day one
Renaissance Jwly plans 250 retail outlets over 3 yrs
Transformers IPO subscribed 66 times
BGR Energy Systems IPO subscribed 92 times
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. Blog is not responsible for any faulty information...
It was a cheerful day for Edelweiss Capital, a diversified financial services company, which surged 95% before ending the day at Rs 1510.25 (up 83.06%) as against offer price of Rs 825 on the NSE. The stock has touched a high of Rs 1608.75 and low of Rs 1443.75. It has remained above Rs 1500 mark on the back of buying support from institutional investors.
It traded with volumes of 66,86,196 shares and turnover at Rs 1020 crore.
Rashesh Shah, CMD and CEO, Edelweiss Capital said, in an interview to CNBC-TV18, that they are in the final stages of getting the nod from Sebi for MF business; it will kick off in Q1CY08. He said the revenues may not move in line with markets yet, but other businesses will help in stabilising them.
The stock touched a high of Rs 1608.75 and low of Rs 1443.75 before settling the day at Rs 1509.95 on the BSE. It traded with volumes of 36,16,374 shares.
The company had come out with a public issue of 8,386,147 equity shares of Rs 5 each for cash, at a price band of Rs 725-825 per equity share. It had subscribed 111 times.
More @
Cheerful day for Edelweiss Cap, ends with 83%
MF biz to kick off in Q1CY08: Edelweiss Cap
Other IPO news:
Renaissance Jewellery gains 25% on day one
Renaissance Jwly plans 250 retail outlets over 3 yrs
Transformers IPO subscribed 66 times
BGR Energy Systems IPO subscribed 92 times
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Vikram Pandit is new Citigroup CEO
Moneycontrol.Com
Indian born Vikram Pandit has been appointed CEO of Citigroup. Pandit faces a complex challenge at Citi. The group could still face additional losses of billions of dollars related to troubled housing loans. Citi stock has been down about 40% this year alone. Pandit was earlier Senior Executive at Morgan Stanley. Pandit founded hedge fund Old Lane that was acquired by Citi in April. According to reports, Former Chairman of the Group, Robert Rubin lobbied for Pandit.
Pandit said, “I am extremely honoured on becoming Citi's leader and I am looking forward to driving changes that I believe we need in this organisation.”
He added, "This is one of the world’s great financial institutions. The brand, the franchise, the presence around the world, the capabilities it has are enormous and when you look at the future of the financial services business, and pair that off against the capabilities that this organization has the opportunities are tremendous. I think the future ahead of us is one of putting the two together and making something good happen out of it and I am excited about being a part of that."
Excerpts from the exclusive interview with Vikram Pandit:
More@ Vikram Pandit is new Citigroup CEO
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Indian born Vikram Pandit has been appointed CEO of Citigroup. Pandit faces a complex challenge at Citi. The group could still face additional losses of billions of dollars related to troubled housing loans. Citi stock has been down about 40% this year alone. Pandit was earlier Senior Executive at Morgan Stanley. Pandit founded hedge fund Old Lane that was acquired by Citi in April. According to reports, Former Chairman of the Group, Robert Rubin lobbied for Pandit.
Pandit said, “I am extremely honoured on becoming Citi's leader and I am looking forward to driving changes that I believe we need in this organisation.”
He added, "This is one of the world’s great financial institutions. The brand, the franchise, the presence around the world, the capabilities it has are enormous and when you look at the future of the financial services business, and pair that off against the capabilities that this organization has the opportunities are tremendous. I think the future ahead of us is one of putting the two together and making something good happen out of it and I am excited about being a part of that."
Excerpts from the exclusive interview with Vikram Pandit:
More@ Vikram Pandit is new Citigroup CEO
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. Blog is not responsible for any faulty information
Fed cuts interest rates by 25 bps to 4.25%: Moneycontrol.Com
Fed cuts interest rates by 25 bps to 4.25%
The US Federal Reserve lowered its benchmark interest rate by a quarter point to 4.25 percent, while signaling that it is open to further cuts if the housing slump and credit squeeze worsen.
The Central Bank also cut the discount rate by a quarter point to 4.75 percent, counter to speculation among investors that the Fed would make a deeper reduction.
The FOMC said, “Recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.”
The Fed dropped language from its previous statement that risks of slower growth and faster inflation were ``roughly'' balanced. In a statement the FOMC said that recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.
It added, “Lower borrowing costs should help promote moderate growth over time.”
The FOMC further said that lower borrowing costs should help promote moderate growth over time. Policy makers are actively considering steps to ease credit in financial markets, and haven't ruled out moves to increase liquidity before their next scheduled meeting on January 29-30.
According to CNBC analyst, Steve Leisman, there is a fairly widespread disappointment with the Fed. He said, “Not just here in the instinctive reaction of the markets, but I am talking about the considered opinion of seasoned Fed observers. The problem was not by the way - I don’t believe - with the quarter point rate cut. They did cut the overnight lending rate by a quarter to 4.25%.
It left the discount window unchanged. That is the rate where banks can borrow directly from the Fed with a wide variety of securities. That is the disappointment that I am taking up anyway. Meanwhile the Fed continued to raise concerns about inflation and did not say that the primary risk to the economy is for weakness instead of growth.”
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. Blog is not responsible for any faulty information
The US Federal Reserve lowered its benchmark interest rate by a quarter point to 4.25 percent, while signaling that it is open to further cuts if the housing slump and credit squeeze worsen.
The Central Bank also cut the discount rate by a quarter point to 4.75 percent, counter to speculation among investors that the Fed would make a deeper reduction.
The FOMC said, “Recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.”
The Fed dropped language from its previous statement that risks of slower growth and faster inflation were ``roughly'' balanced. In a statement the FOMC said that recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.
It added, “Lower borrowing costs should help promote moderate growth over time.”
The FOMC further said that lower borrowing costs should help promote moderate growth over time. Policy makers are actively considering steps to ease credit in financial markets, and haven't ruled out moves to increase liquidity before their next scheduled meeting on January 29-30.
According to CNBC analyst, Steve Leisman, there is a fairly widespread disappointment with the Fed. He said, “Not just here in the instinctive reaction of the markets, but I am talking about the considered opinion of seasoned Fed observers. The problem was not by the way - I don’t believe - with the quarter point rate cut. They did cut the overnight lending rate by a quarter to 4.25%.
It left the discount window unchanged. That is the rate where banks can borrow directly from the Fed with a wide variety of securities. That is the disappointment that I am taking up anyway. Meanwhile the Fed continued to raise concerns about inflation and did not say that the primary risk to the economy is for weakness instead of growth.”
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Moneycontrol, Rediff.com Stories
MoneyControl.Com
Market ends on a new high; Outperforms Asia
Angel Broking's top midcap picks!
Nitco Tiles may raise funds through QIP
Expect 35% upside in JBF Industries
Idea, Cairn India flying high on inclusion in Nifty
Bullish on infra, banking, metals, and power: JM Fin Const
RIL-RPL merger possible: Merill Lynch
Vikram Pandit is new Citigroup CEO
Oct industrial growth at 11.8% vs 4.5% YoY
REL wins EPC contract of Rs 3725cr from Damodar Valley
Pfizer's Celzentry gets patent, stock gains
------------------------------------
Rediff.Com
10 qualities of a successful stock trader
Ahmedabad, Kolkata among new global hotspots
Pandit vows to simplfy structure
Small, mid-cap stocks: Real stars
Spectrum: Auction is the best policy
Markets soaring: Which stocks to buy now
SIP is a great way to invest your money
At 18, he runs an anti-hacking company
Information You Can Use
• M Tech and PhD programmes
• IISER: Integrated Master's
Source: http://www.rediff.com and www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Market ends on a new high; Outperforms Asia
Angel Broking's top midcap picks!
Nitco Tiles may raise funds through QIP
Expect 35% upside in JBF Industries
Idea, Cairn India flying high on inclusion in Nifty
Bullish on infra, banking, metals, and power: JM Fin Const
RIL-RPL merger possible: Merill Lynch
Vikram Pandit is new Citigroup CEO
Oct industrial growth at 11.8% vs 4.5% YoY
REL wins EPC contract of Rs 3725cr from Damodar Valley
Pfizer's Celzentry gets patent, stock gains
------------------------------------
Rediff.Com
10 qualities of a successful stock trader
Ahmedabad, Kolkata among new global hotspots
Pandit vows to simplfy structure
Small, mid-cap stocks: Real stars
Spectrum: Auction is the best policy
Markets soaring: Which stocks to buy now
SIP is a great way to invest your money
At 18, he runs an anti-hacking company
Information You Can Use
• M Tech and PhD programmes
• IISER: Integrated Master's
Source: http://www.rediff.com and www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
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Sensex hits a new high, ends 85 pts up: Sify India
Sensex hits a new high, ends 85 pts up
It was a negative start for equities on the major Indian bourses this morning as weak global markets triggered a sell-off in early trade. However, with a few blue chip stocks bouncing back strongly, the Sensex, which had tumbled 245 points to 20,045.42 earlier, pulled back smartly and emerged into the positive territory in a flash.
But then, due to lack of support at higher levels, it turned out to be a rather choppy ride for the key indices till a little past mid afternoon. Buoyant industrial production data also failed the lift the sentiment in a significant way. Realty, metal and healthcare stocks were the ones in demand while IT, bank and auto stocks lagged behind.
Finally, making a dramatic comeback, the bulls began to mop up stocks in a frenzied way and lifted the Sensex to a new high at 20,419.11 in late afternoon trade. The Nifty also raced to a new peak at 6175.65. While the Sensex ended the day with a sharp gain of 84.98 points or 0.42% at 20,375.87, the Nifty settled at 6159.30, up 1.02% or 62.05 points over its previous closing mark. In intra-day trades today, the Nifty touched a low of 6005.45.
Housing finance stock HDFC, which hogged the limelight this afternoon, closed with a handsome gain of 5.35% at Rs 3103.95. Telecom stocks Reliance Communications and Bharti Airtel gained 3.55% and 2.25% respectively. Metal majors Tata Steel and Hindalco rallied 3.45% and 3.1% respectively. Power stock NTPC firmed up by 3.25% to Rs 251. Cipla (2.4%), ONGC (1.4%), Tata Consultancy Services (0.95%), ITC (0.9%), DLF (0.75%), Mahindra & Mahindra (0.65%) and Ranbaxy Laboratories (0.65%) also ended on a firm note.
HDFC Bank, which bounced back strongly in afternoon trade, closed with a modest gain of 0.55%. Hindustan Unilever edged up by 0.4%. Reliance Industries and Grasim Industries gained around a quarter per cent each. Wipro settled with a small gain at Rs 506.55.
Among the losers, Infosys Technologies eased by 3.3% to Rs 1684.80.
Satyam Computer Services ended with a loss of 2.35% at Rs 431.15. ICICI Bank slipped by 1.95% to Rs 1290.30. BHEL (down 0.8%), Reliance Energy (down 0.7%) and Bajaj Auto (down 0.55%) also closed with notable losses. Ambuja Cements, Maruti Suzuki, Tata Motors, State Bank of India, ACC and Larsen & Toubro also ended on a subdued note.
Nifty stock Nalco vaulted to a high of Rs 459.65 before settling for the day at Rs 451.95 with a big gain of 11.6%. Zee Entertainment ended with an impressive gain of 6.9% at Rs 327.70. Idea Cellular, GAIL India, SAIL, GlaxoSmithKline Pharma, Sun Pharmaceuticals, Cairn India and Tata Power moved up by 3% - 4.5%.
Dr. Reddy's Laboratories, Unitech, Hero Honda, Reliance Petroleum and HCL Technologies also closed on a positive note. Suzlon Energy shed 1.65% while VSNL closed with a loss of 0.4%.
HDIL, Jindal Saw, Gillette, Spice Telecom, Lanco Infratech, Nicholas Piramal, Ballarpur Industries, Tata Tea, Punjab Lloyd, Andhra Bank, Finolex Cables, Indian Oil Corporation, Bank of Baroda, Finolex Industries, Puravankara Projects, Maharashtra Seamless, Omaxe and Jindal Steel were among the prominent gainers from BSE 'A' Group.
Indian Bank, HTMT Global, Ramco Systems, FDC, i-Flex Solutions, Nestle, Indo Rama Synthetics, TN Newsprint & Papers, Rolta India, Indian Overseas Bank, Thermax, Alfa Laval, IndusInd Bank, Tata Elxsi and Geometric Software ended with sharp losses. Ansal
Infrastructure, Berger Paints, Gujarat Petronet, KS oils, Jindal Saw, NDTV, Phoenix Mills, Entertainment Network of India, Adlabs Films, Praj Industries, Triveni Engineering, Bilcare, SRF, Sintex Industries and Kirloskar Oil Engines were among the big gainers from the midcap index.
Among smallcaps, Supreme Petro, MCD Holdings, Everonn Systems, Techno Electrical Engineering, IFGL Refractories and Aarti Industries hit the roof. Nahar Spinnng ended nearly 20%. Balmer Lawrie, Steel Strips, Shrenuj Diamonds, Liberty Shoes, Vardhman Textiles, Maxwell, Taneja Aerospace, Paramount Communications and Geojit Financial Services also ended with strong gains.
Edelweiss Capital made a strong debut today. The stock opened at Rs 1443.75, a hefty premium to its issue price of Rs 825, and touched a high of 1608.75 in intra-day trades before signing of at Rs 1510.25. Around 6.69 million shares, valued at nearly Rs 1020 crore, changed hands at the Edelweiss counter on NSE today.
Though the premier indices remained sluggish for a better part, the market breadth was positive right through the session. When trade ended, out of a total of 2924 stocks seen in action on BSE, 2139 stocks were in the positive territory. 750 stocks posted losses and 35 stocks ended at their previous closing levels.
More @ www.sify.com/finance
Other Sify Stories:
GMR Infra raises Rs 3966 cr
Punj Lloyd wins $150 m order
ICICI Pru ups stake in FAG
India-born Vikram Pandit is the CEO of Citigroup. Will Pandit bring Citi back on track?
Petronet seeks partner offering cheap LNG
India, China trade to touch $70 b by 2010
Ashok Leyland launches first multi-axle vehicle
Robust manufacturing pushes up IIP to 11.8% in October
B.A.G. Films to launch Hindi news channel
IL&FS Investment gets fund commitment for $578 m
Jindal Drilling rises on stake sale plan
Reliance to invest $24 b in the Gulf: Mukesh
Kishore Biyani tops Disney bid for UTV Soft
Chandra pips Mittal as richest self-made billionaire
Renaissance Jewellery shares list up 27% on NSE
Bank of Rajasthan FII limit hike
South Indian Bank in expansion mode
L&T picks up 26% in Feedback Ventures
TV18 to take 53% stake in Infomedia India
'RComm is world’s top CDMA operator’
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.
It was a negative start for equities on the major Indian bourses this morning as weak global markets triggered a sell-off in early trade. However, with a few blue chip stocks bouncing back strongly, the Sensex, which had tumbled 245 points to 20,045.42 earlier, pulled back smartly and emerged into the positive territory in a flash.
But then, due to lack of support at higher levels, it turned out to be a rather choppy ride for the key indices till a little past mid afternoon. Buoyant industrial production data also failed the lift the sentiment in a significant way. Realty, metal and healthcare stocks were the ones in demand while IT, bank and auto stocks lagged behind.
Finally, making a dramatic comeback, the bulls began to mop up stocks in a frenzied way and lifted the Sensex to a new high at 20,419.11 in late afternoon trade. The Nifty also raced to a new peak at 6175.65. While the Sensex ended the day with a sharp gain of 84.98 points or 0.42% at 20,375.87, the Nifty settled at 6159.30, up 1.02% or 62.05 points over its previous closing mark. In intra-day trades today, the Nifty touched a low of 6005.45.
Housing finance stock HDFC, which hogged the limelight this afternoon, closed with a handsome gain of 5.35% at Rs 3103.95. Telecom stocks Reliance Communications and Bharti Airtel gained 3.55% and 2.25% respectively. Metal majors Tata Steel and Hindalco rallied 3.45% and 3.1% respectively. Power stock NTPC firmed up by 3.25% to Rs 251. Cipla (2.4%), ONGC (1.4%), Tata Consultancy Services (0.95%), ITC (0.9%), DLF (0.75%), Mahindra & Mahindra (0.65%) and Ranbaxy Laboratories (0.65%) also ended on a firm note.
HDFC Bank, which bounced back strongly in afternoon trade, closed with a modest gain of 0.55%. Hindustan Unilever edged up by 0.4%. Reliance Industries and Grasim Industries gained around a quarter per cent each. Wipro settled with a small gain at Rs 506.55.
Among the losers, Infosys Technologies eased by 3.3% to Rs 1684.80.
Satyam Computer Services ended with a loss of 2.35% at Rs 431.15. ICICI Bank slipped by 1.95% to Rs 1290.30. BHEL (down 0.8%), Reliance Energy (down 0.7%) and Bajaj Auto (down 0.55%) also closed with notable losses. Ambuja Cements, Maruti Suzuki, Tata Motors, State Bank of India, ACC and Larsen & Toubro also ended on a subdued note.
Nifty stock Nalco vaulted to a high of Rs 459.65 before settling for the day at Rs 451.95 with a big gain of 11.6%. Zee Entertainment ended with an impressive gain of 6.9% at Rs 327.70. Idea Cellular, GAIL India, SAIL, GlaxoSmithKline Pharma, Sun Pharmaceuticals, Cairn India and Tata Power moved up by 3% - 4.5%.
Dr. Reddy's Laboratories, Unitech, Hero Honda, Reliance Petroleum and HCL Technologies also closed on a positive note. Suzlon Energy shed 1.65% while VSNL closed with a loss of 0.4%.
HDIL, Jindal Saw, Gillette, Spice Telecom, Lanco Infratech, Nicholas Piramal, Ballarpur Industries, Tata Tea, Punjab Lloyd, Andhra Bank, Finolex Cables, Indian Oil Corporation, Bank of Baroda, Finolex Industries, Puravankara Projects, Maharashtra Seamless, Omaxe and Jindal Steel were among the prominent gainers from BSE 'A' Group.
Indian Bank, HTMT Global, Ramco Systems, FDC, i-Flex Solutions, Nestle, Indo Rama Synthetics, TN Newsprint & Papers, Rolta India, Indian Overseas Bank, Thermax, Alfa Laval, IndusInd Bank, Tata Elxsi and Geometric Software ended with sharp losses. Ansal
Infrastructure, Berger Paints, Gujarat Petronet, KS oils, Jindal Saw, NDTV, Phoenix Mills, Entertainment Network of India, Adlabs Films, Praj Industries, Triveni Engineering, Bilcare, SRF, Sintex Industries and Kirloskar Oil Engines were among the big gainers from the midcap index.
Among smallcaps, Supreme Petro, MCD Holdings, Everonn Systems, Techno Electrical Engineering, IFGL Refractories and Aarti Industries hit the roof. Nahar Spinnng ended nearly 20%. Balmer Lawrie, Steel Strips, Shrenuj Diamonds, Liberty Shoes, Vardhman Textiles, Maxwell, Taneja Aerospace, Paramount Communications and Geojit Financial Services also ended with strong gains.
Edelweiss Capital made a strong debut today. The stock opened at Rs 1443.75, a hefty premium to its issue price of Rs 825, and touched a high of 1608.75 in intra-day trades before signing of at Rs 1510.25. Around 6.69 million shares, valued at nearly Rs 1020 crore, changed hands at the Edelweiss counter on NSE today.
Though the premier indices remained sluggish for a better part, the market breadth was positive right through the session. When trade ended, out of a total of 2924 stocks seen in action on BSE, 2139 stocks were in the positive territory. 750 stocks posted losses and 35 stocks ended at their previous closing levels.
More @ www.sify.com/finance
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South Indian Bank in expansion mode
L&T picks up 26% in Feedback Ventures
TV18 to take 53% stake in Infomedia India
'RComm is world’s top CDMA operator’
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Know About: Marc Faber, Investment Analyst
Marc Faber
Dr.[citation needed] Marc Faber (aka Dr. Doom) is an investment analyst and entrepreneur born in Zürich, Switzerland. Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Faber resides in Thailand and is best known for the Gloom Boom Doom newsletter and web site featuring "Dance of Death" paintings created by Kaspar Meglinger. During the 1970s Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Thailand, though he keeps a small office in Hong Kong.
Faber has gained a reputation as a contrarian investor. He has become a frequent speaker on various TV programs and forums in recent years. He is very bearish on the long-term outlook for the U.S dollar because he believes that the excessive money supply by Fed is inflationary and detrimental to the currency's value. He is very bullish on the long-term outlook for commodities.
More @ http://en.wikipedia.org/wiki/Marc_Faber
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Dr.[citation needed] Marc Faber (aka Dr. Doom) is an investment analyst and entrepreneur born in Zürich, Switzerland. Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Faber resides in Thailand and is best known for the Gloom Boom Doom newsletter and web site featuring "Dance of Death" paintings created by Kaspar Meglinger. During the 1970s Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Thailand, though he keeps a small office in Hong Kong.
Faber has gained a reputation as a contrarian investor. He has become a frequent speaker on various TV programs and forums in recent years. He is very bearish on the long-term outlook for the U.S dollar because he believes that the excessive money supply by Fed is inflationary and detrimental to the currency's value. He is very bullish on the long-term outlook for commodities.
More @ http://en.wikipedia.org/wiki/Marc_Faber
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Investment Analyst,
Know About: Marc Faber
Personality of the Day: Jagdish Khattar, Uday Kotak
Jagdish Khattar
Jagdish Khattar is the current Managing Director of Maruti Udyog Limited. Prior to this post, he has been an officer of the Indian Administrative Service with more than 37 years of experience. He is the current vice-president of 'Society of Indian Automobile Manufacturers'.[1] He has overseen a restructuring of the company in face of increased competition caused by the foray of various foreign car players in the Indian market.[2]
More @ http://en.wikipedia.org/wiki/Jagdish_Khattar
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Uday Kotak
Uday Kotak is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth at $2.2 bn in 2007 up from $1.1 bn the year earlier. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in 2 subsidiaries for $72 million. He is an alumnus of the prestigious Jamnalal Bajaj Institute of Management Studies, Mumbai and Sydenham College, Mumbai.
More @ http://en.wikipedia.org/wiki/Uday_Kotak
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Jagdish Khattar is the current Managing Director of Maruti Udyog Limited. Prior to this post, he has been an officer of the Indian Administrative Service with more than 37 years of experience. He is the current vice-president of 'Society of Indian Automobile Manufacturers'.[1] He has overseen a restructuring of the company in face of increased competition caused by the foray of various foreign car players in the Indian market.[2]
More @ http://en.wikipedia.org/wiki/Jagdish_Khattar
---------------------------------------------------------------
Uday Kotak
Uday Kotak is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth at $2.2 bn in 2007 up from $1.1 bn the year earlier. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in 2 subsidiaries for $72 million. He is an alumnus of the prestigious Jamnalal Bajaj Institute of Management Studies, Mumbai and Sydenham College, Mumbai.
More @ http://en.wikipedia.org/wiki/Uday_Kotak
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10 December 2007
Economic Times Headlines
The Economic Times
'India Inc's M&A bill crosses $50 bn in 07'
India, China remain top FDI destinations: Study
Govt may hike tax exemption cap
Infosys, Tatas most image-conscious: Nielsen
Business leaders turn coaches for young managers
Deal street buzzing with M&As worth $50bn
Volvo front-runner to buy Eicher stake
Volvo to set up heavy vehicles JV with Eicher
Volvo to up India auto parts sourcing
ICICI Bank launches high yield fixed deposit scheme for NRIs
Banks can't hold stake in commodity broking houses
Voltas to get full control in JVs Universal Comfort, Saudi Ensas
Blue Bird gets export orders worth $4.5 mn
IOC may go for $9 bn refinery JV in Egypt
India to launch latest oil, gas asset sale December 13
Engineers India set for Egypt refinery study
OIL ropes in BG to bid for NELP-VII deepwater blocks
Essar Oil edges out RIL, BPCL in race for Kenyan refinery
Apollo arm in pact with Times Private Treaties
IST gets nod for special economic zone
Coal India eyes foreign JV to raise output
RIL goes to Oz for uranium
Ispat Industries expansion plans to cost Rs 1500 cr
PVR cinemas and Forum announce national tie-up
R-ADAG to storm DTH market in March next
Reliance Brands to form JV with Italy's Sixty Group
Organised retail to touch $30 bn in next 3 years: FICCI-E&Y
Retail market set to double in 3 years to $30 billion
Idea, Bharti, Vodafone to form Indus Towers
Bharti offers Rs 2,650 cr for all-India spectrum
Essar Shipping flares up on plans of fleet expansion
India Inc ranked third globally in intangible assets
PE inflows give banks a run for their money
Fed may disappoint investors on rate cut as inflation rises
BoA meeting rescheduled to Jan 2, to consider 36 SEZ cases
RIL to expand Jamnagar SEZ by over 1,000 hectare
Private equity deals likely to rise sharply
Futures talk: Focus on mid-caps
Religare maintains 'Buy' on Garware Offshore
Valuation of JV with Volvo pulls down Eicher Motors shares
Market plays safe ahead of Fed meet
Futures talk: Focus on mid-caps
Eicher's fundamental pump up value
SEBI chief bats for municipal bonds
Fed rate cut hope lifts US stocks
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.
'India Inc's M&A bill crosses $50 bn in 07'
India, China remain top FDI destinations: Study
Govt may hike tax exemption cap
Infosys, Tatas most image-conscious: Nielsen
Business leaders turn coaches for young managers
Deal street buzzing with M&As worth $50bn
Volvo front-runner to buy Eicher stake
Volvo to set up heavy vehicles JV with Eicher
Volvo to up India auto parts sourcing
ICICI Bank launches high yield fixed deposit scheme for NRIs
Banks can't hold stake in commodity broking houses
Voltas to get full control in JVs Universal Comfort, Saudi Ensas
Blue Bird gets export orders worth $4.5 mn
IOC may go for $9 bn refinery JV in Egypt
India to launch latest oil, gas asset sale December 13
Engineers India set for Egypt refinery study
OIL ropes in BG to bid for NELP-VII deepwater blocks
Essar Oil edges out RIL, BPCL in race for Kenyan refinery
Apollo arm in pact with Times Private Treaties
IST gets nod for special economic zone
Coal India eyes foreign JV to raise output
RIL goes to Oz for uranium
Ispat Industries expansion plans to cost Rs 1500 cr
PVR cinemas and Forum announce national tie-up
R-ADAG to storm DTH market in March next
Reliance Brands to form JV with Italy's Sixty Group
Organised retail to touch $30 bn in next 3 years: FICCI-E&Y
Retail market set to double in 3 years to $30 billion
Idea, Bharti, Vodafone to form Indus Towers
Bharti offers Rs 2,650 cr for all-India spectrum
Essar Shipping flares up on plans of fleet expansion
India Inc ranked third globally in intangible assets
PE inflows give banks a run for their money
Fed may disappoint investors on rate cut as inflation rises
BoA meeting rescheduled to Jan 2, to consider 36 SEZ cases
RIL to expand Jamnagar SEZ by over 1,000 hectare
Private equity deals likely to rise sharply
Futures talk: Focus on mid-caps
Religare maintains 'Buy' on Garware Offshore
Valuation of JV with Volvo pulls down Eicher Motors shares
Market plays safe ahead of Fed meet
Futures talk: Focus on mid-caps
Eicher's fundamental pump up value
SEBI chief bats for municipal bonds
Fed rate cut hope lifts US stocks
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.
World Business News: ET
Japan's machinery orders rise 12.7% in October
Citi board to meet, weigh CEO candidates: Source
South America launches rival to the IMF, World Bank
ERGO buys majority stake in Korean online car insurer
GMR, Macquarie to bid for Singapore power firms: Report
Telekom Malaysia announces special dividend
World's leading schools set up campuses in Singapore
Blackstone plans bid for Rio with Chinese-paper
Call for less information control in China, stronger intellectual property rights
BOJ's Muto to speak in Sapporo on Jan 10
Universal Music Group latest label to ink licensing pact with social networking site imeem
Symphony Technology receives funding from GIC-paper
Lafarge to buy Orascom Cement in $12.8 bn deal
Japan's Eisai to buy U.S. MGI Pharma for $3.9 bn
Carlsberg has no plans to raise S&N bid: Paper
Bio Beauty Group to postpone HK IPO
Congo keeps uranium riches under wraps
PepsiCo in pact to sell Sabra spreads
UBS writes down $10 bn; Singapore injects capital
Lafarge to buy Orascom for $12.8 bn
China tells US not to politicise trade rows
New Hope not to up offer for Resource Pacific
Finance ministers meet on sidelines of global climate talks
NYK, Nippon Oil agree to raise key ship fuel price
Carmakers pledge support for Bali climate talks
Toshiba to make solid-state drives in push for flash
Philippines seeks 1.08 mn tonnes of thermal coal
South Korea counts cost of national park oil spill
U.S. conciliatory on safety ahead of China summit
Australia must raise productivity to improve export performance: Trade minister
Seoul shares close down, led by Samsung Heavy Ind
Wal-Mart to grow by more than 30 % annually in China
Singapore's GIC says UBS stake may go up to 9%
Indonesia's Gresik may issue $1 bn bond in January
FX-Peso hits new high, Korean won falls
New owners of Turkey's Petkim aim to double output
Ambrian Commodities hires veteran Alison Giles
Airbus beats 2005 order record
LinkedIn to open up service to BusinessWeek
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.
Citi board to meet, weigh CEO candidates: Source
South America launches rival to the IMF, World Bank
ERGO buys majority stake in Korean online car insurer
GMR, Macquarie to bid for Singapore power firms: Report
Telekom Malaysia announces special dividend
World's leading schools set up campuses in Singapore
Blackstone plans bid for Rio with Chinese-paper
Call for less information control in China, stronger intellectual property rights
BOJ's Muto to speak in Sapporo on Jan 10
Universal Music Group latest label to ink licensing pact with social networking site imeem
Symphony Technology receives funding from GIC-paper
Lafarge to buy Orascom Cement in $12.8 bn deal
Japan's Eisai to buy U.S. MGI Pharma for $3.9 bn
Carlsberg has no plans to raise S&N bid: Paper
Bio Beauty Group to postpone HK IPO
Congo keeps uranium riches under wraps
PepsiCo in pact to sell Sabra spreads
UBS writes down $10 bn; Singapore injects capital
Lafarge to buy Orascom for $12.8 bn
China tells US not to politicise trade rows
New Hope not to up offer for Resource Pacific
Finance ministers meet on sidelines of global climate talks
NYK, Nippon Oil agree to raise key ship fuel price
Carmakers pledge support for Bali climate talks
Toshiba to make solid-state drives in push for flash
Philippines seeks 1.08 mn tonnes of thermal coal
South Korea counts cost of national park oil spill
U.S. conciliatory on safety ahead of China summit
Australia must raise productivity to improve export performance: Trade minister
Seoul shares close down, led by Samsung Heavy Ind
Wal-Mart to grow by more than 30 % annually in China
Singapore's GIC says UBS stake may go up to 9%
Indonesia's Gresik may issue $1 bn bond in January
FX-Peso hits new high, Korean won falls
New owners of Turkey's Petkim aim to double output
Ambrian Commodities hires veteran Alison Giles
Airbus beats 2005 order record
LinkedIn to open up service to BusinessWeek
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.
VC, PE updates from VCCircle.com, Indiape.com
VCCircle.com
Romesh Wadhwani’s Symphony Technology Group Gets $1 Billion Capital Infusion
Kotak Mahindra Realty Fund To Invest $75 Million For 20% In IVR Prime
UAE’s Rakeen, Chennai’s Trimex In Hotel JV With UK’s Lotus Fund; Plans Real Estate Ventures Too
IFC To Repeat This Year’s $1B Investment In ‘08; But Cautiously Optimistic
IDFC PE To Raise Its Third Fund Of $600-700 Million By March ‘08
Springer’s Indian BPO Arm May Go To Buyout Funds
Rush To Tier II Cities: Yatra Capital Invests In An Agra Mall; Indore Hotel Seeks Funding
Essar Power To Raise $700M From PE Funds; Mandates SSKI: Report
Pahwa KBS Backs India-Focused Human Powered Search Engine Antya.com
Enam Ventures Into Carbon Credits; Ties Up With Sindicatum Carbon Capital
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Indiape.Com
IDFC PE to raise $600 million in third fund by March 2008
Private equity deals likely to rise sharply
Essar eyes 50% stake in Kenyan refinery
Volvo invests $350 mln in India truck tie-up
Indiabulls buys Piramyd Retail
CBDT reopens 400 PE, M&A deals
PE players eye township projects
Infosys makes $80 mn pitch for Aviva's BPO units
Tayals likely to cut BoR stake to 25%
3i picks up stake in Hyderabad firm for $101m
Goldman, Macquarie to pick up 20% each in PTC arm
Hindustan Unilever to sell Modern Foods to Switz Group
Yatra Capital invests euro 8.79 mn in two firms
Essar Power to divest 10% to PEs for $700 m
Reliance Technology Ventures invested into E-Band Communications
Indivision Capital bought the 4.9% stake in Dish TV more »
Al Anwar Holdings SAOG to pick stake in Almondz Global more »
India's House of Pearl Fashions buys 50 pct stake in UK's FX Imports more »
Kamat Hotels buys 60% stake in Concept Hospitality more »
IFC Considers Buying Up to 10% Stake in India's IFCI more »
Source: http://www.vccircle.com and www.indiape.com thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Romesh Wadhwani’s Symphony Technology Group Gets $1 Billion Capital Infusion
Kotak Mahindra Realty Fund To Invest $75 Million For 20% In IVR Prime
UAE’s Rakeen, Chennai’s Trimex In Hotel JV With UK’s Lotus Fund; Plans Real Estate Ventures Too
IFC To Repeat This Year’s $1B Investment In ‘08; But Cautiously Optimistic
IDFC PE To Raise Its Third Fund Of $600-700 Million By March ‘08
Springer’s Indian BPO Arm May Go To Buyout Funds
Rush To Tier II Cities: Yatra Capital Invests In An Agra Mall; Indore Hotel Seeks Funding
Essar Power To Raise $700M From PE Funds; Mandates SSKI: Report
Pahwa KBS Backs India-Focused Human Powered Search Engine Antya.com
Enam Ventures Into Carbon Credits; Ties Up With Sindicatum Carbon Capital
--------------------------------------------------------
Indiape.Com
IDFC PE to raise $600 million in third fund by March 2008
Private equity deals likely to rise sharply
Essar eyes 50% stake in Kenyan refinery
Volvo invests $350 mln in India truck tie-up
Indiabulls buys Piramyd Retail
CBDT reopens 400 PE, M&A deals
PE players eye township projects
Infosys makes $80 mn pitch for Aviva's BPO units
Tayals likely to cut BoR stake to 25%
3i picks up stake in Hyderabad firm for $101m
Goldman, Macquarie to pick up 20% each in PTC arm
Hindustan Unilever to sell Modern Foods to Switz Group
Yatra Capital invests euro 8.79 mn in two firms
Essar Power to divest 10% to PEs for $700 m
Reliance Technology Ventures invested into E-Band Communications
Indivision Capital bought the 4.9% stake in Dish TV more »
Al Anwar Holdings SAOG to pick stake in Almondz Global more »
India's House of Pearl Fashions buys 50 pct stake in UK's FX Imports more »
Kamat Hotels buys 60% stake in Concept Hospitality more »
IFC Considers Buying Up to 10% Stake in India's IFCI more »
Source: http://www.vccircle.com and www.indiape.com thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Indiape.Com,
PE updates from VCCircle.com,
VC
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