Biz Newsmakers 2007
The year India Inc made it big.
Fantastic is the only way one could describe what 2007 has been like for Ratan Naval Tata, the chairman of Tata Group.
He led India's largest corporate house to the nation's biggest overseas acquisition on January 31, when Tata Steel -- after a long drawn battle -- pipped Brazil's CSN to acquire Anglo-Dutch steelmaker Corus for $13.2 billion. The merger created the fifth largest steel producing entity in the world.
Tata's brainchild, the Rs 1 lakh People's Car (which will be unveiled in New Delhi on January 10, 2008), was one of the most hotly discussed and debated issues of 2007. And while the Tatas get ready to launch the car in the Indian markets, the company has gone ahead and bid $2.05 billion to buy out British marquees Jaguar and Land Rover from Ford. Reports indicate that the Tatas have emerged as the preferred bidder for the two iconic brands of Ford Motors.
Also, during 2007, Tata firm Indian Hotels bought the Ritz-Carlton, Boston, while Tata Coffee acquired the US coffee chain Eight O'Clock.
The Tata Group was also named the world's third most accountable and transparent company in 2007 by Britain's One World Trust. Tata beat Coca-Cola, HSBC, PriceWaterCooopers and Google, when measured on the parameters of transparency and accountable leadership among global companies.
The annual Global Accountability Report also considered Tata Group at number 10, among the world's 30 most powerful organisations from the inter-governmental, non-governmental and corporate sector, to be accountable to civil society, affected communities and wider public.
More on this story @ Biz Newsmakers 2007
Have you checked out our Year-end Specials?
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26 December 2007
VC, PE updates from VCCircle.com, Indiape.com
VCCircle.com
Warburg Pincus Buying Up Shares In Amtek India; UTI Ventures Sells In Moschip
Delhi’s IT Peripheral And Electronics Firm Intex Plans IPO Or Private Equity Placement
US-Based Venus Capital Plans India-Focused PE, Real Estate Products
GBN Gets Government Nod To Induct 26% FDI Worth Rs 500 Crore
Government Set To Simplify M&As; To Bypass High Courts For Merger Approval
State Bank of Mauritius Interested In A Stake In Centrum Capital
M&A Roundup: Wipro-Capgemini; LT Overseas Buys US Rice Firm; Guj NRE Coke Buys Aussie Mine
Info Edge To Raise Upto Rs 500 Crore; Raises FII Limit To 40%
Orient Global Invests $241 Million In India Infoline And Insurance Subsidiary
“Hotels Offer Higher Margins, While Airline Is Commoditised”
Retail M&A: Bharti Eyeing Big Apple; Pantaloon Buys Stake In MyDollarStore
Citigroup Venture Capital Plans To Flip Some Stake In Sharekhan
QVC Realty To Invest $200M In New, Existing Real Estate Projects
-----------------------------------------------------------------
IndiaPE.com
Foreign funds acquire 7.5% in India Cements for Rs 592 cr
IDFC IDFC PE invested Rs. 260 Cr in Goodearth Maritime
Arab funds vie for India investment
Nashik Co-operative Bank acquired by Saraswat Bank
Japan's ITOH acquires 5% in Jayant Ago
Temasek leads 'PE'cking order
State Bank of Mauritius eyes stake in Centrum Capital
Funds to pick upto 15% stake in Dunlop
Orient Global to pick up 6.48% in India Infolline
Domestic M&A on the decline: Study
Future Capital picks up 28% in Sankalp Stores
Reliance Entertainment to sell 5%, eyes movie business
Reliance Capital's subsidiary invests in US firm Stoke Inc
Merrill May Buy Stake in India's Sharekhan
PE firms line up to buy teams in Indian Premier League
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.
Warburg Pincus Buying Up Shares In Amtek India; UTI Ventures Sells In Moschip
Delhi’s IT Peripheral And Electronics Firm Intex Plans IPO Or Private Equity Placement
US-Based Venus Capital Plans India-Focused PE, Real Estate Products
GBN Gets Government Nod To Induct 26% FDI Worth Rs 500 Crore
Government Set To Simplify M&As; To Bypass High Courts For Merger Approval
State Bank of Mauritius Interested In A Stake In Centrum Capital
M&A Roundup: Wipro-Capgemini; LT Overseas Buys US Rice Firm; Guj NRE Coke Buys Aussie Mine
Info Edge To Raise Upto Rs 500 Crore; Raises FII Limit To 40%
Orient Global Invests $241 Million In India Infoline And Insurance Subsidiary
“Hotels Offer Higher Margins, While Airline Is Commoditised”
Retail M&A: Bharti Eyeing Big Apple; Pantaloon Buys Stake In MyDollarStore
Citigroup Venture Capital Plans To Flip Some Stake In Sharekhan
QVC Realty To Invest $200M In New, Existing Real Estate Projects
-----------------------------------------------------------------
IndiaPE.com
Foreign funds acquire 7.5% in India Cements for Rs 592 cr
IDFC IDFC PE invested Rs. 260 Cr in Goodearth Maritime
Arab funds vie for India investment
Nashik Co-operative Bank acquired by Saraswat Bank
Japan's ITOH acquires 5% in Jayant Ago
Temasek leads 'PE'cking order
State Bank of Mauritius eyes stake in Centrum Capital
Funds to pick upto 15% stake in Dunlop
Orient Global to pick up 6.48% in India Infolline
Domestic M&A on the decline: Study
Future Capital picks up 28% in Sankalp Stores
Reliance Entertainment to sell 5%, eyes movie business
Reliance Capital's subsidiary invests in US firm Stoke Inc
Merrill May Buy Stake in India's Sharekhan
PE firms line up to buy teams in Indian Premier League
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
Deadpresident Blog Updates
http://www.deadpresident.blogspot.com
Post Market Commentary
Bulk Deal Watch
Novartis
Sensex moves above 20000
Market Close : Party mood continues...!
Indiainfoline
Post Session Market Commentary
Sensex garners 338 points
Sensex ends on bullish note
Daily Trading Calls
Grey Market Premium - Transformers, Brigade, BGR
Daily Technical Futures - Dec 26 2007
Morning Notes, Cinemax
Bullish trend may continue
Trading Calls
MIC Electronics
Transformers and Rectifiers IPO Allotment
Source: http://www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Post Market Commentary
Bulk Deal Watch
Novartis
Sensex moves above 20000
Market Close : Party mood continues...!
Indiainfoline
Post Session Market Commentary
Sensex garners 338 points
Sensex ends on bullish note
Daily Trading Calls
Grey Market Premium - Transformers, Brigade, BGR
Daily Technical Futures - Dec 26 2007
Morning Notes, Cinemax
Bullish trend may continue
Trading Calls
MIC Electronics
Transformers and Rectifiers IPO Allotment
Source: http://www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
America's best big companies : Sify Finance
America's best big companies
Article sources : From Forbes.com thro Sify.com
This is our 10th year of selecting the 400 Best Big Companies in America. Our methodology for choosing the winners is so stringent that 165 companies from last year's 400 did not make the cut for 2008. Not only must companies pass our benchmarks for financial growth rates and returns, they must also meet our approval for their corporate governance, accounting standards and background checks.
In Pictures: America’s Hot Companies
Editor's Choice
In Pictures: Fast-Cash Companies
In Pictures: Companies with Soaring Sales
In Pictures: America's 25 Largest Private Companies
In Pictures: Highest-Performing Global Companies
In Pictures: World’s Most Reputable Companies
As a group, our latest roster of Platinum 400 companies looks more like fast-growing upstarts than established, big, corporations. The median company on the list shows 16% sales growth and 28% earnings-per-share growth over the latest 12 months. As an investment, the median Platinum company on this year's list has a 12-month gain of 15%, versus 6% for the S&P 500 index.
We assign each Platinum 400 company to one of 26 industries; from each industry, our writers and editors then select a top-tier corporation as the best-managed company in that industry. In making their selections, our editorial staff considers not only our initial financial and quality screens, but also subjective factors such as management ability, innovation and leadership. From these 26 companies, our staff also picks the Forbes Company of the Year.
Our editors' choice for the company of the year: Nvidia. Co-founded by CEO Jen-Hsun Huang in 1993, the chip maker has gone on to regain the lead in the lucrative market for graphic processors aimed at hardcore gamers. Its annualized five-year results are impressive, too: sales growth of 15%, earnings per share of 36%. Over the same period, Nvidia shareholders profited from a 42% annualized total return. Nvidia is now racing to develop its next generation of chips as it faces new challenges fromIntel and Advanced Micro Devices.
What about the other 25 industries? In chemicals, we cite Mosaic as the best-managed of the group. The $6 billion (revenues) Minneapolis fertilizer manufacturer was forbed by the 2004 combination of IMC Global and the Crop Nutrition division of Cargill, a private company.
Mosaic took restructuring charges in May 2006 related to closing its higher-cost phosphate operations, and this write-off led to a loss for fiscal 2006. The restructuring--and higher fertilizer prices--helped Mosaic deliver profits of $616 million on revenue of $6.5 billion in the last 12 months. In its most recent quarter, through August 2007, Mosaic pre-paid $700 million in long-term debt; debt-to-capital now stands at 24%, versus 34% in the prior August quarter.
Our best-managed choice in food, drink & tobacco is PepsiCo.Chief Executive Indra Nooyi is looking abroad to growing economies such as China, India and Russia. Another PepsiCo focus is on healthier initiatives for its beverages and snacks, such as developing a low-calorie Gatorade, cutting trans fats, and selling chips that are baked instead of fried, plus Flat Earth, a line of fruit and vegetable crisps.
PepsiCo is a member of our platinum honor roll, a select list of 21 companies that have appeared on the Platinum 400 in each of the past 10 years. Another feature highlights the 10 out of 165 newcomers that have produced the best annual total return over the past five years.
Our comeback companies report acknowledges some of the corporations that have returned to the Platinum 400 after an absence of one or more years. Among them are AAR and Arrow Electronics, both of which are making their first appearance on the list since 1999.
Finally, we look at stock market returns for the 2007 Platinum 400. Over the past 12 months, last year's list of the 400 Best Big Companies in America has a 4% median price gain, two percentage points below the performance of the S&P 500. Our narrower selections of best-managed companies--one from each of 26 industries--fares much better, with a 19% median increase.
In Pictures: America’s Hot Companies
We cannot claim our current list of 400 companies will top the performance of Wall Street indexes over the next 12 months, but our list can be a useful starting point for selecting individual stocks. After all, they have already passed our strict standards to be named among the Best Big Companies in America.
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.
Article sources : From Forbes.com thro Sify.com
This is our 10th year of selecting the 400 Best Big Companies in America. Our methodology for choosing the winners is so stringent that 165 companies from last year's 400 did not make the cut for 2008. Not only must companies pass our benchmarks for financial growth rates and returns, they must also meet our approval for their corporate governance, accounting standards and background checks.
In Pictures: America’s Hot Companies
Editor's Choice
In Pictures: Fast-Cash Companies
In Pictures: Companies with Soaring Sales
In Pictures: America's 25 Largest Private Companies
In Pictures: Highest-Performing Global Companies
In Pictures: World’s Most Reputable Companies
As a group, our latest roster of Platinum 400 companies looks more like fast-growing upstarts than established, big, corporations. The median company on the list shows 16% sales growth and 28% earnings-per-share growth over the latest 12 months. As an investment, the median Platinum company on this year's list has a 12-month gain of 15%, versus 6% for the S&P 500 index.
We assign each Platinum 400 company to one of 26 industries; from each industry, our writers and editors then select a top-tier corporation as the best-managed company in that industry. In making their selections, our editorial staff considers not only our initial financial and quality screens, but also subjective factors such as management ability, innovation and leadership. From these 26 companies, our staff also picks the Forbes Company of the Year.
Our editors' choice for the company of the year: Nvidia. Co-founded by CEO Jen-Hsun Huang in 1993, the chip maker has gone on to regain the lead in the lucrative market for graphic processors aimed at hardcore gamers. Its annualized five-year results are impressive, too: sales growth of 15%, earnings per share of 36%. Over the same period, Nvidia shareholders profited from a 42% annualized total return. Nvidia is now racing to develop its next generation of chips as it faces new challenges fromIntel and Advanced Micro Devices.
What about the other 25 industries? In chemicals, we cite Mosaic as the best-managed of the group. The $6 billion (revenues) Minneapolis fertilizer manufacturer was forbed by the 2004 combination of IMC Global and the Crop Nutrition division of Cargill, a private company.
Mosaic took restructuring charges in May 2006 related to closing its higher-cost phosphate operations, and this write-off led to a loss for fiscal 2006. The restructuring--and higher fertilizer prices--helped Mosaic deliver profits of $616 million on revenue of $6.5 billion in the last 12 months. In its most recent quarter, through August 2007, Mosaic pre-paid $700 million in long-term debt; debt-to-capital now stands at 24%, versus 34% in the prior August quarter.
Our best-managed choice in food, drink & tobacco is PepsiCo.Chief Executive Indra Nooyi is looking abroad to growing economies such as China, India and Russia. Another PepsiCo focus is on healthier initiatives for its beverages and snacks, such as developing a low-calorie Gatorade, cutting trans fats, and selling chips that are baked instead of fried, plus Flat Earth, a line of fruit and vegetable crisps.
PepsiCo is a member of our platinum honor roll, a select list of 21 companies that have appeared on the Platinum 400 in each of the past 10 years. Another feature highlights the 10 out of 165 newcomers that have produced the best annual total return over the past five years.
Our comeback companies report acknowledges some of the corporations that have returned to the Platinum 400 after an absence of one or more years. Among them are AAR and Arrow Electronics, both of which are making their first appearance on the list since 1999.
Finally, we look at stock market returns for the 2007 Platinum 400. Over the past 12 months, last year's list of the 400 Best Big Companies in America has a 4% median price gain, two percentage points below the performance of the S&P 500. Our narrower selections of best-managed companies--one from each of 26 industries--fares much better, with a 19% median increase.
In Pictures: America’s Hot Companies
We cannot claim our current list of 400 companies will top the performance of Wall Street indexes over the next 12 months, but our list can be a useful starting point for selecting individual stocks. After all, they have already passed our strict standards to be named among the Best Big Companies in America.
Source: http://www.sify.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex zooms 338 pts at close : Sify Finance
Sensex zooms 338 pts at close
Sensex rises 338 points on funds buying
Sensex closes above 20000
The bulls, aided by strong global markets and the decision of the government to allow trusts to invest in equities, stamped their supremacy in style once more and lifted stock prices up sharply in today's trade. Some stock specific stories and short-covering ahead of December series derivatives expiry also contributed to the surge in values today.
The gains posted by the benchmark indices Sensex and Nifty today were not as sharp as the ones recorded by them in the previous trading session, but were highly impressive, nevertheless.
While the Sensex, which touched a high of 20,211.47 in intra-day trades, ended with a handsome gain of 338.40 points or 1.7% at 20,192.52, the Nifty settled at 6070.75, up 1.43% or 85.65 points over its previous closing mark.
Information technology stocks, which opened on a weak note and were seen struggling till a little past mid afternoon, managed to recover lost ground thanks to strong buying during the final hour of trade. Oil, metal, capital goods, bank, power and realty stocks had a fine day. Automobile stocks pared some of their gains but still ended the day on a firm note. Buying remained selective in FMCG and healthcare sectors.
Besides large cap stocks, a number of stocks from midcap and smallcap segments too moved up sharply today. Mirroring investor interest for these stocks, the Midcap and Smallcap indices climbed up 2.05% and 3.02% respectively.
As the mood remained upbeat, only a few stocks, Bajaj Auto (down 1.1%), Tata Consultancy Services (down 0.95%), ONGC (down 0.9%), Hindustan Unilever (down 0.35%) and HDFC (down 0.25%) among the Sensex components failed to end on a positive note today.
Index heavyweight Reliance Industries (up 3.9%) moved up sharply and contributed significantly to the rise of the indices today. Realty stock DLF (up 4.35% to Rs 1013.95) was the biggest gainer from the Sensex pack. Metal stocks Hindalco and Tata Steel gained 4.2% and 3.55% respectively.
Tata Motors rallied 3.35% to Rs 752.10. State Bank of India gained nearly 3%. BHEL (2.65%), Reliance Energy (2.6%), Larsen & Toubro (2.6%), Reliance Communications (2.5%), Grasim Industries (2.1%), Cipla (1.55%), NTPC (1.35%), Bharti Airtel (1.3%), Mahindra & Mahindra (1.25%) and Satyam Computer Services (1.05%) also ended on a high note.
ICICI Bank closed nearly a per cent up at Rs 1219.40. ITC, Ambuja Cements, Ranbaxy Laboratories, Maruti Suzuki, HDFC Bank and ACC ended with modest gains. IT bellwether Infosys Technologies edged up marginally. Wipro closed with a small gain.
Nifty stock BPCL gained nearly 5%. Zee Entertainment, Cairn India and Reliance Petroleum moved up by 4.65%, 3.65% and 3.4% respectively. ABB, Sterlite Industries, GAIL India, Tata Power and Siemens gained 1% - 3%. GlaxoSmithKline Pharma, Unitech, Punjab National Bank, SAIL and Idea Cellular also ended with notable gains.
Sun Pharmaceuticals, Nalco, Suzlon Energy and HCL Technologies posted sharp losses.
Though the market ended with handsome gains, volume of business remained thin once again. The National Stock Exchange recorded a turnover of Rs 15, 693.10 crore today. The market breadth remained strong. Out of 2945 stocks traded on BSE today, as many as 2283 stocks closed on a winning note. 639 stocks finished lower and 23 stocks ended at their previous closing levels.
More Stories:
Zuari Ind unit buys realty firm
L&T gets orders worth $190 m
Alpa Labs in deal with Wockhardt
IPOs raise $8.3 billion from Indian bourses
Spectrum allocation as per TRAI formula
Deep Ind bags Rs 30 cr order from Gujarat State Petronet
Sujana Towers has a Rs 250 cr growth plan
Carazoo.com notches up over 3.8 m page views in 3 months
Google's got your number
'India's energy sector needs $150 b investment'
XL Telecom to set up solar farms in Spain
America's best big companies
Forbes gurus: Best investment ideas for 2008
Kalindee Rail surges on new orders
SBI to absorb 6 associates by Mar '09
Source: http://www.sify.com/finance. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex rises 338 points on funds buying
Sensex closes above 20000
The bulls, aided by strong global markets and the decision of the government to allow trusts to invest in equities, stamped their supremacy in style once more and lifted stock prices up sharply in today's trade. Some stock specific stories and short-covering ahead of December series derivatives expiry also contributed to the surge in values today.
The gains posted by the benchmark indices Sensex and Nifty today were not as sharp as the ones recorded by them in the previous trading session, but were highly impressive, nevertheless.
While the Sensex, which touched a high of 20,211.47 in intra-day trades, ended with a handsome gain of 338.40 points or 1.7% at 20,192.52, the Nifty settled at 6070.75, up 1.43% or 85.65 points over its previous closing mark.
Information technology stocks, which opened on a weak note and were seen struggling till a little past mid afternoon, managed to recover lost ground thanks to strong buying during the final hour of trade. Oil, metal, capital goods, bank, power and realty stocks had a fine day. Automobile stocks pared some of their gains but still ended the day on a firm note. Buying remained selective in FMCG and healthcare sectors.
Besides large cap stocks, a number of stocks from midcap and smallcap segments too moved up sharply today. Mirroring investor interest for these stocks, the Midcap and Smallcap indices climbed up 2.05% and 3.02% respectively.
As the mood remained upbeat, only a few stocks, Bajaj Auto (down 1.1%), Tata Consultancy Services (down 0.95%), ONGC (down 0.9%), Hindustan Unilever (down 0.35%) and HDFC (down 0.25%) among the Sensex components failed to end on a positive note today.
Index heavyweight Reliance Industries (up 3.9%) moved up sharply and contributed significantly to the rise of the indices today. Realty stock DLF (up 4.35% to Rs 1013.95) was the biggest gainer from the Sensex pack. Metal stocks Hindalco and Tata Steel gained 4.2% and 3.55% respectively.
Tata Motors rallied 3.35% to Rs 752.10. State Bank of India gained nearly 3%. BHEL (2.65%), Reliance Energy (2.6%), Larsen & Toubro (2.6%), Reliance Communications (2.5%), Grasim Industries (2.1%), Cipla (1.55%), NTPC (1.35%), Bharti Airtel (1.3%), Mahindra & Mahindra (1.25%) and Satyam Computer Services (1.05%) also ended on a high note.
ICICI Bank closed nearly a per cent up at Rs 1219.40. ITC, Ambuja Cements, Ranbaxy Laboratories, Maruti Suzuki, HDFC Bank and ACC ended with modest gains. IT bellwether Infosys Technologies edged up marginally. Wipro closed with a small gain.
Nifty stock BPCL gained nearly 5%. Zee Entertainment, Cairn India and Reliance Petroleum moved up by 4.65%, 3.65% and 3.4% respectively. ABB, Sterlite Industries, GAIL India, Tata Power and Siemens gained 1% - 3%. GlaxoSmithKline Pharma, Unitech, Punjab National Bank, SAIL and Idea Cellular also ended with notable gains.
Sun Pharmaceuticals, Nalco, Suzlon Energy and HCL Technologies posted sharp losses.
Though the market ended with handsome gains, volume of business remained thin once again. The National Stock Exchange recorded a turnover of Rs 15, 693.10 crore today. The market breadth remained strong. Out of 2945 stocks traded on BSE today, as many as 2283 stocks closed on a winning note. 639 stocks finished lower and 23 stocks ended at their previous closing levels.
More Stories:
Zuari Ind unit buys realty firm
L&T gets orders worth $190 m
Alpa Labs in deal with Wockhardt
IPOs raise $8.3 billion from Indian bourses
Spectrum allocation as per TRAI formula
Deep Ind bags Rs 30 cr order from Gujarat State Petronet
Sujana Towers has a Rs 250 cr growth plan
Carazoo.com notches up over 3.8 m page views in 3 months
Google's got your number
'India's energy sector needs $150 b investment'
XL Telecom to set up solar farms in Spain
America's best big companies
Forbes gurus: Best investment ideas for 2008
Kalindee Rail surges on new orders
SBI to absorb 6 associates by Mar '09
Source: http://www.sify.com/finance. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
24 December 2007
Economic Times Stories
http://economictimes.indiatimes.com/
Trusts can now hit Dalal Street
Gujarat Inc rides the Modi wave
Sensex gets into Christmas spirit, raises a 691-pt toast
Temasek leads 'PE'cking order
SBI merger plan hits fast track
PVR to invest Rs 100 cr in movie production
NSDL wants probe on stock transfers
Merrill deal boosts Wall Street
Vijaya Bank to raise Rs 200 crore: Bankers
Banks second only to oil cos in filling up taxman's vault
Merrill to get $6.2 bn cash infusion from Temasek, US asset manager
BOC India in deal to develop Hyderabad land
Aban Offshore gets Chevron Offshore contract
IFFCO to invest $100 mn in Senegal's ICS
Reliance Entertainment to sell 5%, eyes movie business
Pyramid Saimira to digitise Malaysian movie theatres
Chandrayaan-I estimated to cost Rs 400 crore
Short selling clearance surprises CSE veterans
Sub-brokers require SEBI approval for change in affiliation
Investor wealth soars by Rs 1.97 lakh cr
Wipro catapults over 7% on Capgemini bid reports
2007: An extraordinary year for fund flows
IRDA asks life cos to focus on renewal of existing policies
Insurance sector to touch Rs 2,00,000 cr by 2010: Assocham
PSUs to hold hands even after golden handshake
Oberois own three of world's top hotels
If projected as PM of India in next general elections, will rest of the country also support Modi?
ET Features
Investor's Guide
Why should you invest in mid-cap stocks?
Out-of-the-box success
Hot and sizzling calendars of 2008
Oberois own three of world's top hotels
Source: http://economictimes.indiatimes.com/ . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Trusts can now hit Dalal Street
Gujarat Inc rides the Modi wave
Sensex gets into Christmas spirit, raises a 691-pt toast
Temasek leads 'PE'cking order
SBI merger plan hits fast track
PVR to invest Rs 100 cr in movie production
NSDL wants probe on stock transfers
Merrill deal boosts Wall Street
Vijaya Bank to raise Rs 200 crore: Bankers
Banks second only to oil cos in filling up taxman's vault
Merrill to get $6.2 bn cash infusion from Temasek, US asset manager
BOC India in deal to develop Hyderabad land
Aban Offshore gets Chevron Offshore contract
IFFCO to invest $100 mn in Senegal's ICS
Reliance Entertainment to sell 5%, eyes movie business
Pyramid Saimira to digitise Malaysian movie theatres
Chandrayaan-I estimated to cost Rs 400 crore
Short selling clearance surprises CSE veterans
Sub-brokers require SEBI approval for change in affiliation
Investor wealth soars by Rs 1.97 lakh cr
Wipro catapults over 7% on Capgemini bid reports
2007: An extraordinary year for fund flows
IRDA asks life cos to focus on renewal of existing policies
Insurance sector to touch Rs 2,00,000 cr by 2010: Assocham
PSUs to hold hands even after golden handshake
Oberois own three of world's top hotels
If projected as PM of India in next general elections, will rest of the country also support Modi?
ET Features
Investor's Guide
Why should you invest in mid-cap stocks?
Out-of-the-box success
Hot and sizzling calendars of 2008
Oberois own three of world's top hotels
Source: http://economictimes.indiatimes.com/ . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Myiris, Moneycontrol Updates
Myiris.com
Brokers`Outlook: Market may open positive on Wednesday
Wrap up: Market winds up on a merry note
Satyam to set up new Center of Excellence at Hyderabad
Govt. approves 19 FDI of Rs 7.29 bn
Spanco Telesystems bags eSeva contract from EDS
Dishman is excellent investment opportunity: Emkay Research
Pidilite gets HC nod for scheme of demerger
Alpa Lab enters into pact with Wockhardt
Info Edge mulls raising FII limit
Petron Engg. bags Rs 96 mn orders from Madras Cements
DCW on expansion spree
Triton Corp board approves stock split
Nagarjuna Construction bags contract worth Rs 5700 mn
Orient Global to pick up 6.48% in India Infolline
Gujarat Apollo to disinvest 49% in JV
Merrill Lynch eyes 20% stake in Sharekhan
MRF likely to get 500 acres for proposed Tamil Nadu plant
LT Overseas buys US rice firm Kusha
GAIL to issue bonus shares
JSW Steel may ink pact with German railroad operator
------------------------------------
Moneycontrol.com
Gujarat Polls, IT stocks spread X'mas cheer in mkts
Liquidity to continue into India: ABN Amro AMC
Guj Poll Impact: State based cos' shares shine
Finquest's top midcap picks
7 important reasons to invest in SIPs
Mkts to see higher levels: Experts
Short selling may be in place in 6 mths: Emkay Shares
Market cues: F&O Open Interest up by Rs 443 cr
Manjushree Extrusions IPO opens on Jan 7
KNR Constructions to enter capital market
Delhi HC not to grant stay on crossover spectrum allotment
Funds to be used to expand broking biz: India Info
RBI draft note asks banks to cut ATM use charges
World's largest fund to be launched soon!
IFC may pick 18-20% stake in Meghmani Fine Chem: Sources
KS Oils can double, says Chakrabarty
Kinetic Engg gains 13% on fund raising plan
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.
Brokers`Outlook: Market may open positive on Wednesday
Wrap up: Market winds up on a merry note
Satyam to set up new Center of Excellence at Hyderabad
Govt. approves 19 FDI of Rs 7.29 bn
Spanco Telesystems bags eSeva contract from EDS
Dishman is excellent investment opportunity: Emkay Research
Pidilite gets HC nod for scheme of demerger
Alpa Lab enters into pact with Wockhardt
Info Edge mulls raising FII limit
Petron Engg. bags Rs 96 mn orders from Madras Cements
DCW on expansion spree
Triton Corp board approves stock split
Nagarjuna Construction bags contract worth Rs 5700 mn
Orient Global to pick up 6.48% in India Infolline
Gujarat Apollo to disinvest 49% in JV
Merrill Lynch eyes 20% stake in Sharekhan
MRF likely to get 500 acres for proposed Tamil Nadu plant
LT Overseas buys US rice firm Kusha
GAIL to issue bonus shares
JSW Steel may ink pact with German railroad operator
------------------------------------
Moneycontrol.com
Gujarat Polls, IT stocks spread X'mas cheer in mkts
Liquidity to continue into India: ABN Amro AMC
Guj Poll Impact: State based cos' shares shine
Finquest's top midcap picks
7 important reasons to invest in SIPs
Mkts to see higher levels: Experts
Short selling may be in place in 6 mths: Emkay Shares
Market cues: F&O Open Interest up by Rs 443 cr
Manjushree Extrusions IPO opens on Jan 7
KNR Constructions to enter capital market
Delhi HC not to grant stay on crossover spectrum allotment
Funds to be used to expand broking biz: India Info
RBI draft note asks banks to cut ATM use charges
World's largest fund to be launched soon!
IFC may pick 18-20% stake in Meghmani Fine Chem: Sources
KS Oils can double, says Chakrabarty
Kinetic Engg gains 13% on fund raising plan
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.
Trusts get nod to invest in stock markets : Rediff
Trusts get nod to invest in stock markets
The government on Monday allowed all trusts to invest in securities, including shares and bonds of listed companies, a move that would further boost the booming market.
For this purpose, an amendment in the Indian Trusts Act, 1982 will be moved in Parliament in the next session to enable the government notify a class of securities as eligible for investment by trusts, said a government statement issued after the meeting of the Union Cabinet in New Delhi.
A Finance Ministry official told PTI that after the amendment to the Act, the government would allow all trusts set up under the Act, which include private and public trusts like educational trusts, to invest in shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities.
Analysts said the measure could release thousands of crores of surplus funds, presently invested in risk-free bank deposits, into the stock markets.Earlier, the government used to allow trusts to invest in securities on a case by case basis. This practice would now be done away with, the official said.
As per the Indian Trusts Act, the trusts are already allowed to invest in units issued by the Unit Trust of India (UTI) under any unit scheme.Referring to the Securities Contract Regulations Act, 1956, the official said option in securities would also allow trusts to purchase or sell securities in future including put and call in securities.
Source: 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 on Monday allowed all trusts to invest in securities, including shares and bonds of listed companies, a move that would further boost the booming market.
For this purpose, an amendment in the Indian Trusts Act, 1982 will be moved in Parliament in the next session to enable the government notify a class of securities as eligible for investment by trusts, said a government statement issued after the meeting of the Union Cabinet in New Delhi.
A Finance Ministry official told PTI that after the amendment to the Act, the government would allow all trusts set up under the Act, which include private and public trusts like educational trusts, to invest in shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities.
Analysts said the measure could release thousands of crores of surplus funds, presently invested in risk-free bank deposits, into the stock markets.Earlier, the government used to allow trusts to invest in securities on a case by case basis. This practice would now be done away with, the official said.
As per the Indian Trusts Act, the trusts are already allowed to invest in units issued by the Unit Trust of India (UTI) under any unit scheme.Referring to the Securities Contract Regulations Act, 1956, the official said option in securities would also allow trusts to purchase or sell securities in future including put and call in securities.
Source: 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.
Forecast for the economy and markets in 2008 : Rediff.com
Forecast for the economy & markets in 2008
Since this is my last piece this year I thought I would write about the forecasts I have made for the global economy and financial markets for 2008. There is an important caveat, of course. The global macroeconomic and financial environment remains terribly volatile and a number of these predictions could go wrong.
Let me get to the forecasts. The jury appears to be still out on whether the US is headed for a recession next year (going by the textbook, a situation in which GDP growth turns negative for two successive quarters) or whether swift action by the US Federal Reserve is likely to prevent such a situation. US consumption data like retail numbers occasionally surprise positively and US inflation is far from dead. However, despite this bit of fuzziness I remain somewhat sanguine about the following trends.
Whether it qualifies technically as recession or not, the US is likely to see a marked slowdown at least in the first half of 2008, which could last well into the second half of the year. Besides, despite central banks' best efforts, it will take a while for American and European banks to resume lending to each other and to even slightly risky borrowers. Thus, I see the credit squeeze in the US and Europe continuing and perhaps even getting worse in the near term.
The US slowdown is likely to have knock-on effects on the global economy and world GDP growth is likely to moderate. More specifically the result of sharp currency appreciation, harder interest rates and a credit squeeze will begin to take a toll on euro-zone growth. The UK is well into a cyclical downturn. As I have argued in earlier columns, I think it is impossible for Asian economies to remain immune to a downturn in the developed economies and growth rates will soften in this region as well. I honestly don't know much about Latin America but I think it is sensible to assume that what applies to Asia applies to these economies as well.
Global energy and food prices are likely to remain elevated in the first quarter but are likely to dip subsequently as demand compression on the back of slowing world demand begins to reflect in prices. I am, for example, convinced that concerns about fresh oil supplies and oil peaks notwithstanding, slower global growth is fundamentally incompatible with oil prices at over ninety dollars a barrel.
The same logic might just apply to other assets including stocks. If indeed the signs of global slowdown become more acute, large investors might begin to dump equities and hold on to safer assets like treasury bonds. If there is growing aversion to equities as an asset class, Asian markets (including Indian stock markets) will also take a hit. The slide in stock prices will not be due to risk-aversion alone. If global growth slows, the slowing down will begin to impact the top line and bottom line growth of companies across economies. That in turn will buttress the negative sentiment towards risky assets. The bottom line: be prepared for a "correction" in the Indian stock market next year.
There is a potential offset. The US Fed is likely to follow a policy of phased quarter percentage point cuts in its target interest rate - I expect the American central bank to cut the Fed funds rate thrice next year. Thus while inflation risks will weigh on the Fed's mind, I expect growth concerns to dominate and spur the Fed to cut rates some more. I expect the European Central Bank to hold interest rates until the second half and then start cutting signal rates. My bank's research team has forecast two rate cuts next year, possibly in the second half. The Bank of England is likely to be swifter with two quarter percentage point cuts in the first half of 2008. We also expect more direct liquidity both through unilateral cash infusion by central banks and perhaps through more co-ordinated intervention.
The question is: what happens to all this liquidity when central banks turn on their cash spigots? If investors remain terribly risk-averse, a lot of it would go into low-risk government bonds. US treasury bond prices will continue to move up and yields will decline as this process continues. Besides, if US assets keep getting cheaper and cheaper, investors will sniff a bargain and start buying these assets. In fact, some of the bigger funds have already started picking up chunks of the American financial industry where valuations have hit rock-bottom. Asian sovereign investment funds, for instance, are bailing out cash-strapped American banks, picking up significant equity stakes in the process.
Finally, there is also a chance that some of the money will start finding its way into emerging financial markets where growth rates, at least in relative terms, will remain high in comparison with the rest of the world. What happens then? My prediction is that emerging markets including India are likely to get buffeted by the crosswinds of rising global liquidity and cheaper interest rates, on one side, and concerns about slowing growth, on the other. This means two things. Our stock markets will remain volatile for a while to come and sharp upswings could be followed by a quick downturn. Ditto for the currency markets. The interplay of these opposing forces also means that these markets will be stuck in a range. Thus I do not see the possibility of prolonged phases of decline, nor do I see the prospect of an untrammelled bull run.
What will take the markets out of the doldrums? Since the problems of the US economy lie at the heart of all the problems, it will take some clarity on the situation there to do this. Any strong signal that the US cycle has bottomed out will lead to a quick re-pricing of risk and realignment of asset prices.
The author is chief economist, HDFC Bank [Get Quote]. The views here are personal.
More Rediff Stories:
Bought stocks? Do nothing and get rich
How to save money
Trusts get nod to invest in stock markets
Investing in IPOs? Check with us first, says govt
India has 250 mn telephone users
Brokerages see 20% returns in '08
Brokerage stocks at new highs
'Online earning opportunities in India?'
How to build an ideal mutual fund portfolio
Source: 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.
Since this is my last piece this year I thought I would write about the forecasts I have made for the global economy and financial markets for 2008. There is an important caveat, of course. The global macroeconomic and financial environment remains terribly volatile and a number of these predictions could go wrong.
Let me get to the forecasts. The jury appears to be still out on whether the US is headed for a recession next year (going by the textbook, a situation in which GDP growth turns negative for two successive quarters) or whether swift action by the US Federal Reserve is likely to prevent such a situation. US consumption data like retail numbers occasionally surprise positively and US inflation is far from dead. However, despite this bit of fuzziness I remain somewhat sanguine about the following trends.
Whether it qualifies technically as recession or not, the US is likely to see a marked slowdown at least in the first half of 2008, which could last well into the second half of the year. Besides, despite central banks' best efforts, it will take a while for American and European banks to resume lending to each other and to even slightly risky borrowers. Thus, I see the credit squeeze in the US and Europe continuing and perhaps even getting worse in the near term.
The US slowdown is likely to have knock-on effects on the global economy and world GDP growth is likely to moderate. More specifically the result of sharp currency appreciation, harder interest rates and a credit squeeze will begin to take a toll on euro-zone growth. The UK is well into a cyclical downturn. As I have argued in earlier columns, I think it is impossible for Asian economies to remain immune to a downturn in the developed economies and growth rates will soften in this region as well. I honestly don't know much about Latin America but I think it is sensible to assume that what applies to Asia applies to these economies as well.
Global energy and food prices are likely to remain elevated in the first quarter but are likely to dip subsequently as demand compression on the back of slowing world demand begins to reflect in prices. I am, for example, convinced that concerns about fresh oil supplies and oil peaks notwithstanding, slower global growth is fundamentally incompatible with oil prices at over ninety dollars a barrel.
The same logic might just apply to other assets including stocks. If indeed the signs of global slowdown become more acute, large investors might begin to dump equities and hold on to safer assets like treasury bonds. If there is growing aversion to equities as an asset class, Asian markets (including Indian stock markets) will also take a hit. The slide in stock prices will not be due to risk-aversion alone. If global growth slows, the slowing down will begin to impact the top line and bottom line growth of companies across economies. That in turn will buttress the negative sentiment towards risky assets. The bottom line: be prepared for a "correction" in the Indian stock market next year.
There is a potential offset. The US Fed is likely to follow a policy of phased quarter percentage point cuts in its target interest rate - I expect the American central bank to cut the Fed funds rate thrice next year. Thus while inflation risks will weigh on the Fed's mind, I expect growth concerns to dominate and spur the Fed to cut rates some more. I expect the European Central Bank to hold interest rates until the second half and then start cutting signal rates. My bank's research team has forecast two rate cuts next year, possibly in the second half. The Bank of England is likely to be swifter with two quarter percentage point cuts in the first half of 2008. We also expect more direct liquidity both through unilateral cash infusion by central banks and perhaps through more co-ordinated intervention.
The question is: what happens to all this liquidity when central banks turn on their cash spigots? If investors remain terribly risk-averse, a lot of it would go into low-risk government bonds. US treasury bond prices will continue to move up and yields will decline as this process continues. Besides, if US assets keep getting cheaper and cheaper, investors will sniff a bargain and start buying these assets. In fact, some of the bigger funds have already started picking up chunks of the American financial industry where valuations have hit rock-bottom. Asian sovereign investment funds, for instance, are bailing out cash-strapped American banks, picking up significant equity stakes in the process.
Finally, there is also a chance that some of the money will start finding its way into emerging financial markets where growth rates, at least in relative terms, will remain high in comparison with the rest of the world. What happens then? My prediction is that emerging markets including India are likely to get buffeted by the crosswinds of rising global liquidity and cheaper interest rates, on one side, and concerns about slowing growth, on the other. This means two things. Our stock markets will remain volatile for a while to come and sharp upswings could be followed by a quick downturn. Ditto for the currency markets. The interplay of these opposing forces also means that these markets will be stuck in a range. Thus I do not see the possibility of prolonged phases of decline, nor do I see the prospect of an untrammelled bull run.
What will take the markets out of the doldrums? Since the problems of the US economy lie at the heart of all the problems, it will take some clarity on the situation there to do this. Any strong signal that the US cycle has bottomed out will lead to a quick re-pricing of risk and realignment of asset prices.
The author is chief economist, HDFC Bank [Get Quote]. The views here are personal.
More Rediff Stories:
Bought stocks? Do nothing and get rich
How to save money
Trusts get nod to invest in stock markets
Investing in IPOs? Check with us first, says govt
India has 250 mn telephone users
Brokerages see 20% returns in '08
Brokerage stocks at new highs
'Online earning opportunities in India?'
How to build an ideal mutual fund portfolio
Source: 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.
Stock Analysis, Hot Jobs
http://freestocktips-2007.blogspot.com/
Axon Infotech Ltd.
Kolte-Patil Developers Ltd Stock Analysis
Infotech Enterprises Ltd. Stock Analysis
Vijay Shanthi Builders Ltd.
Spanco Telesystems & Solutions Ltd.
--------------------------------------------
Hot Jobs from http://www.kpowave.blogspot.com
The following Openings Exist for Finance:1)Analyst - Financial Operations 2)Analyst, Global Private Equity Group 3)Manager, Financial Research 4)Senior Analyst, Financial Operations 5)Senior Analyst, Financial Research
More @ Analyst Openings in DE Shaw India
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Aranca is an end-to-end provider of on-demand, custom investment, business and economic research, and valuation services to global clients.Current Openings:1)Project Manager (2)2)Senior Research Analyst (5)3)Research Analyst (5)4)Associate Analyst (3)The remuneration for all positions will be competitive and match the industry standards. Furthermore, candidates will receive extensive training.
More @ Research Analyst Openings in Aranca
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The position will own full responsibility for the research coverage of companies in a specific industry. The role involves analyzing companies in an industry, creating the fundamental framework for coverage, creating earning models and managing coverage on an ongoing basis .It involves tracking the micro and macro economic trends associated with the sector and provide direction to the research function
More... Analyst Openings in Grindstone Research
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.
Axon Infotech Ltd.
Kolte-Patil Developers Ltd Stock Analysis
Infotech Enterprises Ltd. Stock Analysis
Vijay Shanthi Builders Ltd.
Spanco Telesystems & Solutions Ltd.
--------------------------------------------
Hot Jobs from http://www.kpowave.blogspot.com
The following Openings Exist for Finance:1)Analyst - Financial Operations 2)Analyst, Global Private Equity Group 3)Manager, Financial Research 4)Senior Analyst, Financial Operations 5)Senior Analyst, Financial Research
More @ Analyst Openings in DE Shaw India
-----------------------------------------------------
Aranca is an end-to-end provider of on-demand, custom investment, business and economic research, and valuation services to global clients.Current Openings:1)Project Manager (2)2)Senior Research Analyst (5)3)Research Analyst (5)4)Associate Analyst (3)The remuneration for all positions will be competitive and match the industry standards. Furthermore, candidates will receive extensive training.
More @ Research Analyst Openings in Aranca
------------------------------------------------------
The position will own full responsibility for the research coverage of companies in a specific industry. The role involves analyzing companies in an industry, creating the fundamental framework for coverage, creating earning models and managing coverage on an ongoing basis .It involves tracking the micro and macro economic trends associated with the sector and provide direction to the research function
More... Analyst Openings in Grindstone Research
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.
Deadpresident Blog Articles
http://www.deadpresident.blogspot.com
Market jumps over 690 pts
Eveninger - Dec 24 2007
Trading Call - Infosys
Post Market Commentary
Market Close: Jingled up all the way..!
Sensex spurts 692 points in global rally
Market celebrates Christmas Eve, gains 692 points
Rollover Analysis
GNFC
Plethico Pharma
PSU Bonus
IPO Grey Market Premiums
Daily Call - Dec 24 2007
Stocks you can buy this week
India Real Estate gets more funds
Mutual Fund Analysis
Source: http://www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Market jumps over 690 pts
Eveninger - Dec 24 2007
Trading Call - Infosys
Post Market Commentary
Market Close: Jingled up all the way..!
Sensex spurts 692 points in global rally
Market celebrates Christmas Eve, gains 692 points
Rollover Analysis
GNFC
Plethico Pharma
PSU Bonus
IPO Grey Market Premiums
Daily Call - Dec 24 2007
Stocks you can buy this week
India Real Estate gets more funds
Mutual Fund Analysis
Source: http://www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex vaults 692 pts; Nifty 219 pts up : Sify India
Sensex vaults 692 pts at close
Sensex zooms 692 points
Sensex rises 692 points on IT scrips
Sensex up 691 points on Asia, US rally
NSE 5985.10 218.60
BSE 19854.12 691.55
The bulls made their presence felt in no uncertain terms today as strong global markets aided the sentiment. And, the Bharatiya Janata Party's victory in the Gujarat assembly polls played a key role as well in keeping the mood upbeat right till the end of the session as it eased fears of an early national election. Expectations of buoyant results from India Inc also played a part in buoying up prices of top ranked companies today.
With traders running in to cover their short positions ahead of expiry of December series derivatives contracts, prices of several blue chip stocks had only one direction to go today, up north. While the Sensex, which opened with a positive gap of nearly 150 points at 19,308.20 and hit a high of 19,879 in late afternoon trade, ended with a gain of 691.55 points or 3.61% at 19,854.12, the Nifty settled at 5985.10 with a gain of 3.79% or 218.60 points. The Nifty, which opened at 5771.30 this morning, hit a high of 6001.05 in afternoon trade.
Buying in blue chip stocks was so strong and widespread that only three stocks, Bajaj Auto (down 2.85%), Maruti Suzuki (down 0.15%) and ACC (down marginally), among the Sensex components failed to close on a positive note today.
IT stocks had a highly profitable outing. Sector bellwether Infosys Technologies, which opened on a high note, ended with a handsome gain of 6.65%. Wipro topped the list of Sensex gainers with a splendid 8.9% surge. Tata Consultancy Services (6.1%) and Satyam Computer Services (6.3%) also ended with strong gains.
HDFC notched up an impressive gain of 6.35%. Reliance Energy (6.15%), Bharti Airtel (6.1%), BHEL (5.1%), Mahindra & Mahindra (4.85%), ONGC (4.75%), Tata Steel (4.6%) and ICICI Bank (4.4%) finished with big gains.
Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, Reliance Communications, State Bank of India and Tata Motors moved up by 2% - 3%. Cipla, DLF, Hindustan Unilever and Ranbaxy Laboratories also ended with smart gains. Hindalco ended nearly a per cent up. ITC, Grasim Industries and Ambuja Cements edged up marginally.
GAIL India, which spurted 9.6% to Rs 526.15, was the biggest gainer from the Nifty fold. VSNL rallied 9.25% to Rs 745.90. Punjab National Bank ended nearly 7% up. Nalco, Sterlite Industries, Sun Pharmaceuticals, HCL Technologies, BPCL, Suzlon Energy, Cairn India, Reliance Petroleum, Tata Power, Zee Entertainment, SAIL and GlaxoSmithKline Pharma also closed on a high note. Idea Cellular, Hero Honda, Unitech and Siemens ended with modest gains.
Reflecting all-round buying, all the sectoral indices finished in the positive zone today. BSE IT, which moved up by over 6%, was the most prominent gainer. The Teck barometer closed stronger by 4.9%. The Bankex, Metal, Oil & Gas, Power and PSU indices surged 3% - 4%. The Capital goods index advanced by 2.66%. The pharma index gained 1.23% while the Auto and Consumer Durables indices firmed up by 0.94% and 0.92% respectively.
With several midcap and smallcap stocks surging higher, the indices tracking the performance of these segments, closed stronger by 2.06% and 1.42% respectively. The market breadth was positive right through the session. Out of 2937 stocks traded on BSE, 1967 stocks ended with gains. 939 stocks closed in the negative zone and 31 stocks ended unchanged from their previous closing levels.
More Stories @ sify.com
Gujarat NRE acquires mine
Spanco Tele bags contract
Now, trusts can invest in stock markets
Goldman CEO gets record $68 m bonus
Peninsula Land raises Rs 525 cr
Govt nod for 19 FDI proposals, GBN to sell 26% stake
‘Insurance sector to touch Rs 2,00,000 cr by 2010’
Singaporean firm to invest Rs 555 cr in India Infoline
Gujarat NRE acquires Australian mine from BHP Billiton
Tide Water up on Hinduja bid talks
Suzlon bags ONGC order, to install 51 MW wind turbine
Jain Irrigation plans to raise $75 m via debt
Nagarjuna Construction bags Rs 570 cr contract
‘Wipro to bid for Capgemini by end Jan’
‘LT Overseas buys U.S. based rice firm’
What SEBI says now
What is short selling?
Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex zooms 692 points
Sensex rises 692 points on IT scrips
Sensex up 691 points on Asia, US rally
NSE 5985.10 218.60
BSE 19854.12 691.55
The bulls made their presence felt in no uncertain terms today as strong global markets aided the sentiment. And, the Bharatiya Janata Party's victory in the Gujarat assembly polls played a key role as well in keeping the mood upbeat right till the end of the session as it eased fears of an early national election. Expectations of buoyant results from India Inc also played a part in buoying up prices of top ranked companies today.
With traders running in to cover their short positions ahead of expiry of December series derivatives contracts, prices of several blue chip stocks had only one direction to go today, up north. While the Sensex, which opened with a positive gap of nearly 150 points at 19,308.20 and hit a high of 19,879 in late afternoon trade, ended with a gain of 691.55 points or 3.61% at 19,854.12, the Nifty settled at 5985.10 with a gain of 3.79% or 218.60 points. The Nifty, which opened at 5771.30 this morning, hit a high of 6001.05 in afternoon trade.
Buying in blue chip stocks was so strong and widespread that only three stocks, Bajaj Auto (down 2.85%), Maruti Suzuki (down 0.15%) and ACC (down marginally), among the Sensex components failed to close on a positive note today.
IT stocks had a highly profitable outing. Sector bellwether Infosys Technologies, which opened on a high note, ended with a handsome gain of 6.65%. Wipro topped the list of Sensex gainers with a splendid 8.9% surge. Tata Consultancy Services (6.1%) and Satyam Computer Services (6.3%) also ended with strong gains.
HDFC notched up an impressive gain of 6.35%. Reliance Energy (6.15%), Bharti Airtel (6.1%), BHEL (5.1%), Mahindra & Mahindra (4.85%), ONGC (4.75%), Tata Steel (4.6%) and ICICI Bank (4.4%) finished with big gains.
Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, Reliance Communications, State Bank of India and Tata Motors moved up by 2% - 3%. Cipla, DLF, Hindustan Unilever and Ranbaxy Laboratories also ended with smart gains. Hindalco ended nearly a per cent up. ITC, Grasim Industries and Ambuja Cements edged up marginally.
GAIL India, which spurted 9.6% to Rs 526.15, was the biggest gainer from the Nifty fold. VSNL rallied 9.25% to Rs 745.90. Punjab National Bank ended nearly 7% up. Nalco, Sterlite Industries, Sun Pharmaceuticals, HCL Technologies, BPCL, Suzlon Energy, Cairn India, Reliance Petroleum, Tata Power, Zee Entertainment, SAIL and GlaxoSmithKline Pharma also closed on a high note. Idea Cellular, Hero Honda, Unitech and Siemens ended with modest gains.
Reflecting all-round buying, all the sectoral indices finished in the positive zone today. BSE IT, which moved up by over 6%, was the most prominent gainer. The Teck barometer closed stronger by 4.9%. The Bankex, Metal, Oil & Gas, Power and PSU indices surged 3% - 4%. The Capital goods index advanced by 2.66%. The pharma index gained 1.23% while the Auto and Consumer Durables indices firmed up by 0.94% and 0.92% respectively.
With several midcap and smallcap stocks surging higher, the indices tracking the performance of these segments, closed stronger by 2.06% and 1.42% respectively. The market breadth was positive right through the session. Out of 2937 stocks traded on BSE, 1967 stocks ended with gains. 939 stocks closed in the negative zone and 31 stocks ended unchanged from their previous closing levels.
More Stories @ sify.com
Gujarat NRE acquires mine
Spanco Tele bags contract
Now, trusts can invest in stock markets
Goldman CEO gets record $68 m bonus
Peninsula Land raises Rs 525 cr
Govt nod for 19 FDI proposals, GBN to sell 26% stake
‘Insurance sector to touch Rs 2,00,000 cr by 2010’
Singaporean firm to invest Rs 555 cr in India Infoline
Gujarat NRE acquires Australian mine from BHP Billiton
Tide Water up on Hinduja bid talks
Suzlon bags ONGC order, to install 51 MW wind turbine
Jain Irrigation plans to raise $75 m via debt
Nagarjuna Construction bags Rs 570 cr contract
‘Wipro to bid for Capgemini by end Jan’
‘LT Overseas buys U.S. based rice firm’
What SEBI says now
What is short selling?
Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
23 December 2007
The Economic Times Stories
India ahead in US govt securities investment
Rupee is BRIC's second fastest growing currency
UK: India Inc's favourite destination for acquisition
Majority of Indian CEOs fail to counter stress: Assocham
Planning to buy penny stocks?
MFs as long-term investment
Idea plus VCs equals to fortune formula
Indra Nooyi believes Tatas, like her, will conquer odds
UBI's select retail branches target Rs 6,000 cr lendings p.a
PE firms line up to buy teams in Indian Premier League
Reliance Capital's subsidiary invests in US firm Stoke Inc
Voltas readying for massive recruitments by 2011
Dena Bank raises Rs 125 crore Tier I capital
Entrepreneurship can't be nurtured in classroom
India turning into a hotspot for capital
Mittal first Indian to buy into an English soccer club
Delisting of shares
---------------------------------------------------------------------------------
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rupee is BRIC's second fastest growing currency
UK: India Inc's favourite destination for acquisition
Majority of Indian CEOs fail to counter stress: Assocham
Planning to buy penny stocks?
MFs as long-term investment
Idea plus VCs equals to fortune formula
Indra Nooyi believes Tatas, like her, will conquer odds
UBI's select retail branches target Rs 6,000 cr lendings p.a
PE firms line up to buy teams in Indian Premier League
Reliance Capital's subsidiary invests in US firm Stoke Inc
Voltas readying for massive recruitments by 2011
Dena Bank raises Rs 125 crore Tier I capital
Entrepreneurship can't be nurtured in classroom
India turning into a hotspot for capital
Mittal first Indian to buy into an English soccer club
Delisting of shares
---------------------------------------------------------------------------------
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India turning into a hotspot for capital : ET Story
India turning into a hotspot for capital
India Inc attracted deals worth $68.32 billion for the year 2007, significantly higher than $28.16 billion in 2006 and $18.35 billion in 2005. The jump underlines India as a hot destination for merger and acquisitions (M&A), and also for private equity (PE) investment. Of the total of $68.32 billion deals, M&A accounted for $51.17 billion while the remaining $17.14 billion was in the form of private equity investment. As per a Grant Thornton report there were 661 M&A deals, including 348 cross-border deals and 313 domestic deals.
Among cross-border transactions, 240 were outbound ones, where Indian companies made overseas acquisitions. Such deals amounted to $32.73 billion. Tata Steel’s acquisition of Corus for $12.2 billion was the largest among outbound deals, followed by Hindalco-Novelis, and Suzlon Energy-RE Power with transaction value of $ 6 billion and $1.7 billion respectively.
There were 108 inbound M&A deals amounting to $15.61 billion, where global companies or their subsidiaries acquired Indian businesses. Vodafone tops the list of such kind of deals with transaction value of $10.8 billion. The global telecom giant has acquired a majority stake of 67% in India’s one of the leading telecom players, Hutchison Essar.
An industry-wise analysis showed that steel and telecom sector clearly dominated the M&A scene as both the sectors saw deals amounting to $14.9 billion and $11.3 billion respectively in '07. Aluminium, power and energy sectors also contributed substantially to the heightened M&A activity in the country. The trend shows a diversion of M&A activity to core sectors from IT, pharma, healthcare and biotech which had seen high value M&A deals last year.
Global private equity players have been quite bullish on India story, which is also reflected in a strong flow of their investments into the country. In 2007, there were a total of 386 PE deals worth $17.14 billion, substantially higher than 302 deals amounting to $7.86 billion in 2006 and 124 deals worth $2 billion in 2005. Bharti Airtel and GMR Infrastructure are the two notable examples where the companies have attracted PE deals worth $1.9 billion and $1 billion respectively. HDFC and DLF are few other listed companies roping in PE investors.
Seven out of the top ten deals involved real estate and infrastructure-related companies, according to Grant Thornton. “The heightened deal activity is a sign of M&A becoming a key element of strategy for India Inc. There is again significant growth in Private Equity which is now a major international force and now a significant part of the capital raising by India Inc,” Grant Thornton partner (corporate advisory services), Harish HV said. However, he is concerned that there could be possible dampener in the form of competition bill which seeks to examine all large M&As.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India Inc attracted deals worth $68.32 billion for the year 2007, significantly higher than $28.16 billion in 2006 and $18.35 billion in 2005. The jump underlines India as a hot destination for merger and acquisitions (M&A), and also for private equity (PE) investment. Of the total of $68.32 billion deals, M&A accounted for $51.17 billion while the remaining $17.14 billion was in the form of private equity investment. As per a Grant Thornton report there were 661 M&A deals, including 348 cross-border deals and 313 domestic deals.
Among cross-border transactions, 240 were outbound ones, where Indian companies made overseas acquisitions. Such deals amounted to $32.73 billion. Tata Steel’s acquisition of Corus for $12.2 billion was the largest among outbound deals, followed by Hindalco-Novelis, and Suzlon Energy-RE Power with transaction value of $ 6 billion and $1.7 billion respectively.
There were 108 inbound M&A deals amounting to $15.61 billion, where global companies or their subsidiaries acquired Indian businesses. Vodafone tops the list of such kind of deals with transaction value of $10.8 billion. The global telecom giant has acquired a majority stake of 67% in India’s one of the leading telecom players, Hutchison Essar.
An industry-wise analysis showed that steel and telecom sector clearly dominated the M&A scene as both the sectors saw deals amounting to $14.9 billion and $11.3 billion respectively in '07. Aluminium, power and energy sectors also contributed substantially to the heightened M&A activity in the country. The trend shows a diversion of M&A activity to core sectors from IT, pharma, healthcare and biotech which had seen high value M&A deals last year.
Global private equity players have been quite bullish on India story, which is also reflected in a strong flow of their investments into the country. In 2007, there were a total of 386 PE deals worth $17.14 billion, substantially higher than 302 deals amounting to $7.86 billion in 2006 and 124 deals worth $2 billion in 2005. Bharti Airtel and GMR Infrastructure are the two notable examples where the companies have attracted PE deals worth $1.9 billion and $1 billion respectively. HDFC and DLF are few other listed companies roping in PE investors.
Seven out of the top ten deals involved real estate and infrastructure-related companies, according to Grant Thornton. “The heightened deal activity is a sign of M&A becoming a key element of strategy for India Inc. There is again significant growth in Private Equity which is now a major international force and now a significant part of the capital raising by India Inc,” Grant Thornton partner (corporate advisory services), Harish HV said. However, he is concerned that there could be possible dampener in the form of competition bill which seeks to examine all large M&As.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rollercoaster Asian stocks set to rise in 2008 : ET
Rollercoaster Asian stocks set to rise in 2008
Asian stock markets gave investors a whit-knuckle ride in 2007 but most are up harply and analysts predict turbulent gains next year despite a severe US financial crisis. "I think Asian markets will be up over the whole of 2008 -- but they are set to fall substantially over the next few months first," said Shanghai-based expert Andy Xie, a former Morgan Stanley economist. Indian and Chinese shares led the pack this year, fizzing up about 85 per cent and 40 per cent respectively and defying fears that they had already risen too far.
China held a series of sometimes huge stock flotation that raised billions of dollars, while foreign investors continued to pour money into Indian stocks. But the key Japanese bourse had a year to forget as the Nikkei-225 index slumped about 12 per cent amid a global credit crunch rooted in the ailing US economy.
"The overall Japanese market has come down quite sharply in the last few weeks," said Tokyo-based fund manager Hideo Shiozumi, the chief executive of Shiozumi Asset Management. Asian markets have struggled since November, mainly due to fears about the impact of an expected US economic slowdown after a mortgage default crisis there, analysts say. China's attempt to curb high economic and stock market growth, for instance by hiking borrowing costs repeatedly, has also affected sentiment, they say.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Asian stock markets gave investors a whit-knuckle ride in 2007 but most are up harply and analysts predict turbulent gains next year despite a severe US financial crisis. "I think Asian markets will be up over the whole of 2008 -- but they are set to fall substantially over the next few months first," said Shanghai-based expert Andy Xie, a former Morgan Stanley economist. Indian and Chinese shares led the pack this year, fizzing up about 85 per cent and 40 per cent respectively and defying fears that they had already risen too far.
China held a series of sometimes huge stock flotation that raised billions of dollars, while foreign investors continued to pour money into Indian stocks. But the key Japanese bourse had a year to forget as the Nikkei-225 index slumped about 12 per cent amid a global credit crunch rooted in the ailing US economy.
"The overall Japanese market has come down quite sharply in the last few weeks," said Tokyo-based fund manager Hideo Shiozumi, the chief executive of Shiozumi Asset Management. Asian markets have struggled since November, mainly due to fears about the impact of an expected US economic slowdown after a mortgage default crisis there, analysts say. China's attempt to curb high economic and stock market growth, for instance by hiking borrowing costs repeatedly, has also affected sentiment, they say.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
BusinessLine Stories/Articles
http://www.businessline.in/
Indian realty sector attracts deluge of funds
India Inc raises over Rs 45,000 cr in IPOs, follow-ons in 2007
Derivatives: Retail investors make merry
‘Satyam has created a robust, de-risked model’
Index Outlook
Cairn India: Buy
‘Make your pile – but don’t wait to invest’
How to make foreign stints less taxing
Aviation cos top list of overseas borrowers
SQL Star rejigs operations
Eaton to expand Pune engineering centre
DLF in talks with Ikea for jt venture
A product of Indian education, US mentoring
Tax saving schemes galore from mutual funds
Reliance Vision Fund: Banking consolidation
Fund Talk
Query Corner
Indian realty sector attracts deluge of funds
ABG Shipyard: Buy
Greaves Cotton: Buy
Magnum Contra Fund: Invest
Rolta India: Hold
What’s ahead
Cautious outlook for Nifty future
Television Eighteen India: Hold
False consensus bias
Kingfisher prevails
Birla Sun Life Special Situations Fund: Monitor closely
Baskets of X
Bull's Eye
Prominent bulk deals on NSE and BSE
Damp squibAfter months of speculation on the proposed stake sale, IFCI has announced that the financial proposal submitted by the Sterlite Industries-led consortium was conditional. Hence, the Board unanimously decided to reject the ... More
Source: www.businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Indian realty sector attracts deluge of funds
India Inc raises over Rs 45,000 cr in IPOs, follow-ons in 2007
Derivatives: Retail investors make merry
‘Satyam has created a robust, de-risked model’
Index Outlook
Cairn India: Buy
‘Make your pile – but don’t wait to invest’
How to make foreign stints less taxing
Aviation cos top list of overseas borrowers
SQL Star rejigs operations
Eaton to expand Pune engineering centre
DLF in talks with Ikea for jt venture
A product of Indian education, US mentoring
Tax saving schemes galore from mutual funds
Reliance Vision Fund: Banking consolidation
Fund Talk
Query Corner
Indian realty sector attracts deluge of funds
ABG Shipyard: Buy
Greaves Cotton: Buy
Magnum Contra Fund: Invest
Rolta India: Hold
What’s ahead
Cautious outlook for Nifty future
Television Eighteen India: Hold
False consensus bias
Kingfisher prevails
Birla Sun Life Special Situations Fund: Monitor closely
Baskets of X
Bull's Eye
Prominent bulk deals on NSE and BSE
Damp squibAfter months of speculation on the proposed stake sale, IFCI has announced that the financial proposal submitted by the Sterlite Industries-led consortium was conditional. Hence, the Board unanimously decided to reject the ... More
Source: www.businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
22 December 2007
ET Stories
Tier-II cities set for realty juggernaut: Report
NTPC signs $380 mn loan agreement with JBIC
PepsiCo to triple beverage business in next five years
India opens doors to Singapore
Network Group to open 14 Swiss Junction outlets
Ford icon winner in New Year
SABMiller wins US case, may bring Miller brand to India
UB acquires distributions rights for Dalmore Single Malt
'20 cities to be covered under CNG fuel by 2010'
JCT to foray into wind power, inks JV with US co
US firm promises more Bollywood fare in 2008
List of documents during sale of property
Indian tax authorities get kudos from MNCs on transfer pricing
Google scoops Campaign's Medium of the Year
Home loan: Review finances & repayment
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Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
NTPC signs $380 mn loan agreement with JBIC
PepsiCo to triple beverage business in next five years
India opens doors to Singapore
Network Group to open 14 Swiss Junction outlets
Ford icon winner in New Year
SABMiller wins US case, may bring Miller brand to India
UB acquires distributions rights for Dalmore Single Malt
'20 cities to be covered under CNG fuel by 2010'
JCT to foray into wind power, inks JV with US co
US firm promises more Bollywood fare in 2008
List of documents during sale of property
Indian tax authorities get kudos from MNCs on transfer pricing
Google scoops Campaign's Medium of the Year
Home loan: Review finances & repayment
--------------------------------------------------
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The World's Top Microfinance Institutions : Forbes
Top 50 Microfinance Institutions
Microfinance has become a buzzword of the decade, raising the provocative notion that even philanthropy aimed at alleviating poverty can be profitable to institutional and individual investors. Instead of merely writing a check (then writing it off), why not make a tidy profit from a short-term, high-interest loan, most for under $200, so that a Mexican seamstress may buy a new sewing machine? Or so a Moroccan farmer can buy chickens so he may sell more eggs? Billionaires, global leaders and Nobel Prize recipients are hailing these direct loans to uncollateralized would-be entrepreneurs as a way to lift them out of poverty while creating self-sustaining businesses. That promise has had a magnetic effect on private capital sources. Microfinance funding from private investors more than tripled to $2 billion in 2006.
The field has attracted sterling banks and fund managers, including Citigroup (nyse: C - news - people ), blue-chip venture capitalists like Sequoia Capital, tycoons like eBay (nasdaq: EBAY - news - people ) founder Pierre Omidyar and Oscar-winning screen stars such as Robert Duvall--they've all joined the chase for returns in microfinance. Today, there are upward of 12,000 microfinance institutions issuing loans.
http://www.forbes.com/business/2007/12/20/top-microfinance-philanthropy-biz-cz_ms_1220intro.html
Top 50 Microfinance Institutions
Overall Rank
Superstars Of Microfinance
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Source: http://www.forbes.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.
Microfinance has become a buzzword of the decade, raising the provocative notion that even philanthropy aimed at alleviating poverty can be profitable to institutional and individual investors. Instead of merely writing a check (then writing it off), why not make a tidy profit from a short-term, high-interest loan, most for under $200, so that a Mexican seamstress may buy a new sewing machine? Or so a Moroccan farmer can buy chickens so he may sell more eggs? Billionaires, global leaders and Nobel Prize recipients are hailing these direct loans to uncollateralized would-be entrepreneurs as a way to lift them out of poverty while creating self-sustaining businesses. That promise has had a magnetic effect on private capital sources. Microfinance funding from private investors more than tripled to $2 billion in 2006.
The field has attracted sterling banks and fund managers, including Citigroup (nyse: C - news - people ), blue-chip venture capitalists like Sequoia Capital, tycoons like eBay (nasdaq: EBAY - news - people ) founder Pierre Omidyar and Oscar-winning screen stars such as Robert Duvall--they've all joined the chase for returns in microfinance. Today, there are upward of 12,000 microfinance institutions issuing loans.
http://www.forbes.com/business/2007/12/20/top-microfinance-philanthropy-biz-cz_ms_1220intro.html
Top 50 Microfinance Institutions
Overall Rank
Superstars Of Microfinance
----------------------------------------------------------------------------
Source: http://www.forbes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
VC, PE updates from VCCircle.com, Indiape.com
VCCircle.com
Reliance Technology Ventures, Sequoia And Others Invest In Stoke
DQ Entertainment Raises $56M From AIM; M-Cap On Listing $97M
Nexus India Capital Buys Out eVenture’s Remaining Portfolio At Cost Price
Naukri Board Meets Today To Discuss Capital Raising; Puts In $500K In Education Portal
SBI, Coface Shortlisted For 52.5% Stake In Global Trade Finance
Latest Jobs On DealJobs.net
IFCI Plans To Sell Stake In 100 Companies; Invites Merchant Bankers
IDFC Private Equity Invests $65 Million In Goodearth Maritime
Germany’s Hypo May Be Investing In Shriram Properties’ Projects
Kingfisher-Deccan Combine To Raise $250 Million; Post-Merger, Investor Interest To Go Up
Reliance Brands To Offer Private Equity To Apparel, Footwear, Lifestyle Companies
Tata Tea Eyeing $300-Million Buy In Europe
Ambit, Societe Generale Corporate & Investment Banking To Partner For Cross-Border M&A
Kerala’s Manappuram Group Raises Rs 70 Crore From Sequoia, India Equity Partners
Share Transfer Agents Too Hot; SharePro In Talks With Australia’s Link Market
Swiss Firm EFG International Enters India With A 75% Stake In Stratcap Securities
Kingfisher, Deccan To Merge To Form The Largest Domestic Carrier
“Jasubhai Acquisition Was Self-funded; More Buys On The Anvil”
IFCI Shelves Strategic Sale; Consortium Wanted Management Control
--------------------------------------------------------------------------
IndiaPE.com
Kingfisher merger to create domestic giant
IDFC invests Rs 260 cr in Goodearth Maritime
Online portal Travelguru buys Desiya.com for $25 mn
California Software to acquire 49% of Inatech Infosolutions
Citi, GIC buy into Indian realty venture
Merrill Lynch picks up 12.74% in Resurgere Mines
CVCI Buys Stake in JBF Global Pte Ltd for USD125 Million
3D Solid Compression gets venture funding
Private equity firms invest $17 bn in India
Sequoia Capital IEP to invest in Manappuram
Australian co may buy controlling stake in Sharepro
EFG to acquire 75% of Stratcap Securities
UK’s 3i to invest $100 m in Soma Enterprise
Welspun India buys 76 pc stake in Portuguese bath rug major
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.
Reliance Technology Ventures, Sequoia And Others Invest In Stoke
DQ Entertainment Raises $56M From AIM; M-Cap On Listing $97M
Nexus India Capital Buys Out eVenture’s Remaining Portfolio At Cost Price
Naukri Board Meets Today To Discuss Capital Raising; Puts In $500K In Education Portal
SBI, Coface Shortlisted For 52.5% Stake In Global Trade Finance
Latest Jobs On DealJobs.net
IFCI Plans To Sell Stake In 100 Companies; Invites Merchant Bankers
IDFC Private Equity Invests $65 Million In Goodearth Maritime
Germany’s Hypo May Be Investing In Shriram Properties’ Projects
Kingfisher-Deccan Combine To Raise $250 Million; Post-Merger, Investor Interest To Go Up
Reliance Brands To Offer Private Equity To Apparel, Footwear, Lifestyle Companies
Tata Tea Eyeing $300-Million Buy In Europe
Ambit, Societe Generale Corporate & Investment Banking To Partner For Cross-Border M&A
Kerala’s Manappuram Group Raises Rs 70 Crore From Sequoia, India Equity Partners
Share Transfer Agents Too Hot; SharePro In Talks With Australia’s Link Market
Swiss Firm EFG International Enters India With A 75% Stake In Stratcap Securities
Kingfisher, Deccan To Merge To Form The Largest Domestic Carrier
“Jasubhai Acquisition Was Self-funded; More Buys On The Anvil”
IFCI Shelves Strategic Sale; Consortium Wanted Management Control
--------------------------------------------------------------------------
IndiaPE.com
Kingfisher merger to create domestic giant
IDFC invests Rs 260 cr in Goodearth Maritime
Online portal Travelguru buys Desiya.com for $25 mn
California Software to acquire 49% of Inatech Infosolutions
Citi, GIC buy into Indian realty venture
Merrill Lynch picks up 12.74% in Resurgere Mines
CVCI Buys Stake in JBF Global Pte Ltd for USD125 Million
3D Solid Compression gets venture funding
Private equity firms invest $17 bn in India
Sequoia Capital IEP to invest in Manappuram
Australian co may buy controlling stake in Sharepro
EFG to acquire 75% of Stratcap Securities
UK’s 3i to invest $100 m in Soma Enterprise
Welspun India buys 76 pc stake in Portuguese bath rug major
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
Putin - Times Person of the Year : AOL India
Time's 'Person of the Year'
Washington, December 19: Russian President Vladimir Putin was named Time magazine's "Person of the Year" for 2007 on Wednesday for bringing his country "roaring back to the table of world power."
Putin, a former KGB official who was picked from obscurity in 1999 by then-president Boris Yeltsin, will appear on the cover of Time as the person the editors believe had the greatest impact on events this year, for better or worse.
"He's not a good guy, but he's done extraordinary things," said Time managing editor Richard Stengel, who announced Putin's selection on NBC's "Today Show."
"He's a new star of Russia and he's dangerous in the sense that he doesn't care about civil liberties; he doesn't care about free speech; he cares about stability. But stability is what Russia needed and that's why Russians adore him."
The choice came days after Putin announced a plan to hold onto power after his term ends. Putin said on Monday that if his close ally, Dmitry Medvedev, wins next year's presidential vote, he would serve as Medvedev's prime minister.
The Russian president beat out several rivals for the Time distinction, including former U.S. Vice President Al Gore, British author J.K. Rowling, Chinese President Hu Jintao and U.S. Commander in Iraq Gen. David Petraeus.
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Washington, December 19: Russian President Vladimir Putin was named Time magazine's "Person of the Year" for 2007 on Wednesday for bringing his country "roaring back to the table of world power."
Putin, a former KGB official who was picked from obscurity in 1999 by then-president Boris Yeltsin, will appear on the cover of Time as the person the editors believe had the greatest impact on events this year, for better or worse.
"He's not a good guy, but he's done extraordinary things," said Time managing editor Richard Stengel, who announced Putin's selection on NBC's "Today Show."
"He's a new star of Russia and he's dangerous in the sense that he doesn't care about civil liberties; he doesn't care about free speech; he cares about stability. But stability is what Russia needed and that's why Russians adore him."
The choice came days after Putin announced a plan to hold onto power after his term ends. Putin said on Monday that if his close ally, Dmitry Medvedev, wins next year's presidential vote, he would serve as Medvedev's prime minister.
The Russian president beat out several rivals for the Time distinction, including former U.S. Vice President Al Gore, British author J.K. Rowling, Chinese President Hu Jintao and U.S. Commander in Iraq Gen. David Petraeus.
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Businessworld Magazine (Dec 24, 2007)
http://www.businessworld.in
Released on 24 December 2007
COVER STORY
International Business
Pride & Prejudice
Interview: R.K. Krishna, V Chairman, Indian Hotels
Column: Kiran Karnik, President, Nasscom
Steel Securing Supplies
Narain Karthikeyan In The Fast Lane
IFCI Past, And Future, Tense
Civil Aviation
Rental Blues
Media Room
Hospitality Hampshire’s India Foray
SMEs Missing It, Again
Hindustan Latex Sex, Latex And A PSU
UK Visa No Long Visits Here
---------------------------------
BW Opinion
PSUs Go Abroad
Internet
Feisty: CEO, Mozilla Corporation
Telecom
Don’t Show Me The Money
Stockmarket
The Overreacher
Aviation
Trying Hard To Take Off
Cotton
Cotton Country
Pharma
Ayurveda Remix
Stockmarket
Getting It, Flaunting It
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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. Blog is not responsible for any faulty information.
Released on 24 December 2007
COVER STORY
International Business
Pride & Prejudice
Interview: R.K. Krishna, V Chairman, Indian Hotels
Column: Kiran Karnik, President, Nasscom
Steel Securing Supplies
Narain Karthikeyan In The Fast Lane
IFCI Past, And Future, Tense
Civil Aviation
Rental Blues
Media Room
Hospitality Hampshire’s India Foray
SMEs Missing It, Again
Hindustan Latex Sex, Latex And A PSU
UK Visa No Long Visits Here
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BW Opinion
PSUs Go Abroad
Internet
Feisty: CEO, Mozilla Corporation
Telecom
Don’t Show Me The Money
Stockmarket
The Overreacher
Aviation
Trying Hard To Take Off
Cotton
Cotton Country
Pharma
Ayurveda Remix
Stockmarket
Getting It, Flaunting It
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