Weekly wrap up: Sensex adds 1,044 points
Indian stocks bounced back again in the week ended December 28 as the outcome of better outlook of US economy, higher oil & metal prices and heavy foreign inflows. The higher consumer spending last month in US, boosted confidence in US as well as global markets. The broad based rally in the market was led by the metal, consumer durables, realty, oil & gas, power, banking and IT stocks.
However on Friday, the Indian shares fell marginally, following the drops in Asian stocks after the former prime minister of Pakistan, Benazir Bhutto was assassinated and on growth concern of US and Japan, the world`s two largest economies. BSE Sensex, India`s benchmark 30 share index, added 1,044.38 points, or 5.45%, to 20,206.95 over the week ended December 28, while the broad based NSE Nifty advanced 313.2 points, or 5.43%, to 6,079.70 in the same period. The small and mid-cap shares managed to outperform over the benchmark index. The mid-cap index gained 6.08% while the small-cap index jumped 9.21% over the week.
BSE Metal index jumped 9.17%, while Consumer durable index gained 8.51%. Realty index rose 8.07%, Oil & gas index went up 7.81%, Power index climbed 6.68%, Bankex index gained 6.03% and IT index rose 5.36% over the week.
Overseas investors were net buyers in equities worth Rs 35.32 billion in the period of December 24 to December 27. As per the provisional figures, overseas investors bought net of Rs 6.54 billion worth equities on December 28. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 22.89 billion in the period of December 24 to December 27. Major Corporate Developments
> Shares of leading transformers maker, Transformers & Rectifiers (India) listed at 69.89% at the NSE on Friday. TRIL intends to set up a Greenfield manufacturing facility at Moraiya, near Ahmedabad, to manufacture transformers at a cost of Rs 666.80 million.
> The market regulator, SEBI cleared the way by rejecting objections to the initial public offering of Reliance Power, a subsidiary of Reliance Energy.
> Maruti Suzuki India, the Nation`s biggest passenger car maker, is considering price cut of its cheapest car to compete with Tata Motors proposed Rs 100,000 car. > Bharti Infratel, a wholly owned subsidiary of the India`s biggest telecom operator, Bharti Airtel, announced on Friday that leading international investors have agreed to invest USD 1 billion in Bharti Infratel. The international investors are Temasek Holdings, The Investment Corporation of Dubai, Goldman Sachs, Macquarie, AIF Capital, Citigroup & India Equity Partners, with Temasek Holdings being the largest investor.
> Rashtriya Chemicals & Fertilizers and GAIL India signed a MoU to set up coal gasification project at Talcher in Orissa.> The joint venture of Larsen and Toubro, the country`s largest engineering company, in Oman has bagged three contracts worth Rs 7,487 million.
> National Thermal Power Corporation (NTPC), India`s biggest thermal power generator, signed a loan agreement of Rs 10 billion along with a bond subscription agreement of Rs 10 billion with Life Insurance Corporation of India to finance capital expenditure for power generation projects, coal mining & LNG business and renovation & modernization activities.
> Suzlon Energy, Asia`s leading and world`s fifth largest wind power solutions provider, has received a major new order from ONGC, India`s leading oil and gas exploration and production (E&P) player for 51 MW of wind turbine capacity.
> The board of ONGC approved the second pipeline replacement project along with necessary modifications, at a cost of Rs 25.53 billion, to be implemented over a period of 3 years to strengthen the pipeline network for oil and gas transportation.InflationIndia`s annual rate of inflation stood at 3.45% for the week ended Dec. 15, 2007, as against 3.65% on the previous working day. The annual rate of inflation stood at 5.73% as on Dec. 16, 2006.
The week aheadMarket on Monday is likely to open negative on concerns over US economy. The US commerce department reported on Friday that new home sales plunged 9% in November over previous month. This was the worst sales growth since April 1995. However, energy shares are likely to gain over the next week on higher oil price outlook as there are concerns over supply situation in US and mounting tensions in Pakistan and Northern Iraq.
Technical View: Market to remain positive next weak
Brokers` Outlook: Market likely to open flat on Monday
Source: http://www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
29 December 2007
28 December 2007
Economic Times Updates
http://economictimes.indiatimes.com/
SEBI for real estate investment trusts
Assocham projects GDP growth rate at 9%
Annual inflation at 3.45 pct on December 15
-----------------------------------------
RPL IPO
RIL to go global: Mukesh Ambani
StanChart to seek new buyer for MF business
Tips for 2008
Stepping stones to build your business Online
Goldman Sachs, Temasek, others invest $1 bn in Bharti Infratel
FIIs remain net sellers on bourses
Quatrro BPO scouting for overseas buys
FM's Advisor resigns ahead of Budget
Tata's billion-dollar bets face risks: Report
BoI gets board approval to raise Rs 1,500 cr
L&T may spin off boiler business
Banks' gross NPA down to 2.5% of loans and advances in 2006-07
BSE to launch mini contracts in derivative market
Nifty futures rollover at its highest
TRIL posts 56 per cent gain in debut trade
Gateway Distriparks shares rise 9% as Indian promoter hikes stake
DLF to list 5 units, raise $5 bn
SEBI approves Reliance Power's IPO
Predictions and Tips for 2008
Source: http://economictimes.indiatimes.com/headlines.cms. 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.
SEBI for real estate investment trusts
Assocham projects GDP growth rate at 9%
Annual inflation at 3.45 pct on December 15
-----------------------------------------
RPL IPO
RIL to go global: Mukesh Ambani
StanChart to seek new buyer for MF business
Tips for 2008
Stepping stones to build your business Online
Goldman Sachs, Temasek, others invest $1 bn in Bharti Infratel
FIIs remain net sellers on bourses
Quatrro BPO scouting for overseas buys
FM's Advisor resigns ahead of Budget
Tata's billion-dollar bets face risks: Report
BoI gets board approval to raise Rs 1,500 cr
L&T may spin off boiler business
Banks' gross NPA down to 2.5% of loans and advances in 2006-07
BSE to launch mini contracts in derivative market
Nifty futures rollover at its highest
TRIL posts 56 per cent gain in debut trade
Gateway Distriparks shares rise 9% as Indian promoter hikes stake
DLF to list 5 units, raise $5 bn
SEBI approves Reliance Power's IPO
Predictions and Tips for 2008
Source: http://economictimes.indiatimes.com/headlines.cms. 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 Updates
http://www.deadpresident.blogspot.com
Weekly Stock Ideas
Weekly Newsletter
Tata Power
Mercator Lines, K P R Mill, Tata Metaliks,Apar Industries, REI Agro
Post Market Commentary
Weekly Close: bounce back with optimism !
Realty firm in lacklustre market
Sensex soars 1,044 points
Geopolitical situation could weigh on bourses
Small-cap, mid-cap stocks shine
Grey Market - Reliance Power, eClerx, BGR and more
eClerx Services to debut on bourses
Bulls hope for indomitable spirit!
Whirlpool of India
Allied Digital Services
Daily Technical Futures - Dec 28 2007
Source: Above blog. 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.
Weekly Stock Ideas
Weekly Newsletter
Tata Power
Mercator Lines, K P R Mill, Tata Metaliks,Apar Industries, REI Agro
Post Market Commentary
Weekly Close: bounce back with optimism !
Realty firm in lacklustre market
Sensex soars 1,044 points
Geopolitical situation could weigh on bourses
Small-cap, mid-cap stocks shine
Grey Market - Reliance Power, eClerx, BGR and more
eClerx Services to debut on bourses
Bulls hope for indomitable spirit!
Whirlpool of India
Allied Digital Services
Daily Technical Futures - Dec 28 2007
Source: Above blog. 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.
EClerx, Brigade to list on Monday
Brigade Enterprises to list on Monday
Brigade Enterprises, a Bangalore-based real estate company focusing on the development of residential, commercial and hospitality properties, will list on the stock exchanges on Monday, December 31, 2007. It has fixed the issue price at Rs 390 per equity share (upper end of price band) for its initial public offering of 16,624,720 equity shares of Rs 10 each.
The price band was between Rs 351 and Rs 390 per equity share. The issue opened for subscription on December 10, 2007 and closed on December 13, 2007. According to the preliminary bidding data received from the stock exchanges, the issue was subscribed 13.07 times. The qualified institutional bidders' portion was subscribed around 18.29 times; the non institutional bidder portion was subscribed around 4.89 times and the retail bidder's portion subscribed around 5.6 times.
The primary objective of the issue is to fuel the future growth plans of the company, including by way of acquisition of land, meeting construction and development costs in relation to the Company’s ongoing and forthcoming real estate projects and general corporate purposes.
The global co-ordinators and book running lead managers to the issue are J P Morgan India Private Limited and Enam Securities Private Limited and the book running lead manager is ICICI Securities Limited.
Brigade may give Rs 50-60 gain on listing
------------------------------------------------------
eClerx Services likely to list around Rs 400: Experts
eClerx Services, provides data analytics and customised process solutions to global enterprise clients, is likely to list at around Rs 400-500, according to experts. They also advised that one can remain invested in the stock.
R S Iyer of K R Choksey Securities said, "eclerx Services is likely to open around Rs 400-500. One should book profits above Rs 450."
"Its deep domain knowledge, unique business model, proven delivery model, ever increasing clientele base, consistent Y-O-Y growth over the last four years will drive the growth of eClerx Services Limited. Investors can remain invested in the stock with a medium to long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
According to Investment Advisor, S P Tulsian, "eClerx Services is likely to get listed on Monday at Rs 390 as against the IPO price of Rs 315 per share. Profit booking is advised upto Rs 375."
It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.
The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits. The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.
eClerx Services to list on Dec 31
eClerx looks good with long term perspective: Experts
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Brigade Enterprises, a Bangalore-based real estate company focusing on the development of residential, commercial and hospitality properties, will list on the stock exchanges on Monday, December 31, 2007. It has fixed the issue price at Rs 390 per equity share (upper end of price band) for its initial public offering of 16,624,720 equity shares of Rs 10 each.
The price band was between Rs 351 and Rs 390 per equity share. The issue opened for subscription on December 10, 2007 and closed on December 13, 2007. According to the preliminary bidding data received from the stock exchanges, the issue was subscribed 13.07 times. The qualified institutional bidders' portion was subscribed around 18.29 times; the non institutional bidder portion was subscribed around 4.89 times and the retail bidder's portion subscribed around 5.6 times.
The primary objective of the issue is to fuel the future growth plans of the company, including by way of acquisition of land, meeting construction and development costs in relation to the Company’s ongoing and forthcoming real estate projects and general corporate purposes.
The global co-ordinators and book running lead managers to the issue are J P Morgan India Private Limited and Enam Securities Private Limited and the book running lead manager is ICICI Securities Limited.
Brigade may give Rs 50-60 gain on listing
------------------------------------------------------
eClerx Services likely to list around Rs 400: Experts
eClerx Services, provides data analytics and customised process solutions to global enterprise clients, is likely to list at around Rs 400-500, according to experts. They also advised that one can remain invested in the stock.
R S Iyer of K R Choksey Securities said, "eclerx Services is likely to open around Rs 400-500. One should book profits above Rs 450."
"Its deep domain knowledge, unique business model, proven delivery model, ever increasing clientele base, consistent Y-O-Y growth over the last four years will drive the growth of eClerx Services Limited. Investors can remain invested in the stock with a medium to long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
According to Investment Advisor, S P Tulsian, "eClerx Services is likely to get listed on Monday at Rs 390 as against the IPO price of Rs 315 per share. Profit booking is advised upto Rs 375."
It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.
The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits. The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.
eClerx Services to list on Dec 31
eClerx looks good with long term perspective: Experts
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Brigade to list on Monday,
EClerx
Trans and Rect ends with 56% premium
Trans & Rect ends with 56% premium
It was a fanastic listing for Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers. It has ended the day at Rs 726.10, up 56.15% over its offer price of Rs 465. It has touched a high/low of Rs 790 (opening price) and Rs 682.30, respectively on the NSE. The stock slipped below Rs 700 mark due to negative sentiment across the markets but managed to recover and remained above Rs 700 through the day.
It traded with volumes of 37,21,559 shares and turnover was at Rs 271 crore.Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months. The stock closed at Rs 728 on the BSE and traded with volumes of 26,62,545 shares. It has hit an intraday high/low of Rs 813.75 and Rs 685.20, respectively.
The company had entered capital market with an initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements.
----------------------------------------------
Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, has got fantastic listing after its excellent response to its issue. The stock has listed at Rs 790, a premium of 70% over its offer price of Rs 465 on the NSE and touched a low of Rs 682.30.
Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months.
Excerpts from CNBC-TV18's exclusive interview with Jitendra Mamotra:
More @ Trans & Rect expect FY09 sales at Rs 400 cr
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
It was a fanastic listing for Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers. It has ended the day at Rs 726.10, up 56.15% over its offer price of Rs 465. It has touched a high/low of Rs 790 (opening price) and Rs 682.30, respectively on the NSE. The stock slipped below Rs 700 mark due to negative sentiment across the markets but managed to recover and remained above Rs 700 through the day.
It traded with volumes of 37,21,559 shares and turnover was at Rs 271 crore.Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months. The stock closed at Rs 728 on the BSE and traded with volumes of 26,62,545 shares. It has hit an intraday high/low of Rs 813.75 and Rs 685.20, respectively.
The company had entered capital market with an initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements.
----------------------------------------------
Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, has got fantastic listing after its excellent response to its issue. The stock has listed at Rs 790, a premium of 70% over its offer price of Rs 465 on the NSE and touched a low of Rs 682.30.
Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months.
Excerpts from CNBC-TV18's exclusive interview with Jitendra Mamotra:
More @ Trans & Rect expect FY09 sales at Rs 400 cr
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
NSE revises market lots for derivative contracts : Moneycontrol
NSE revises market lots for derivative contracts
NSE will cut derivative contracts market lot from December 28 to minimum Rs 2 lakh. Derivative contracts market lot cut is in line with SEBI directive.
It is proposed to carry out revision of market lots for derivatives contract as given below:
To ignore operational complexities, in cases 3, 4 & 5 above, only the far month contract i.e. March 2008 expiry contracts will be revised for market lots. Contracts with maturity of January 2008 and February 2008 would continue to have the existing market lots. All subsequent contracts (i.e., March 2008 expiry and beyond) will have revised market lots.
More @
http://www.moneycontrol.com/india/news/market-news/nse-revises-market-lots-for-derivative-contracts/21/55/318895
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
NSE will cut derivative contracts market lot from December 28 to minimum Rs 2 lakh. Derivative contracts market lot cut is in line with SEBI directive.
It is proposed to carry out revision of market lots for derivatives contract as given below:
To ignore operational complexities, in cases 3, 4 & 5 above, only the far month contract i.e. March 2008 expiry contracts will be revised for market lots. Contracts with maturity of January 2008 and February 2008 would continue to have the existing market lots. All subsequent contracts (i.e., March 2008 expiry and beyond) will have revised market lots.
More @
http://www.moneycontrol.com/india/news/market-news/nse-revises-market-lots-for-derivative-contracts/21/55/318895
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Moneycontrol, Myiris Business Stories
www.Moneycontrol.com
Indian mkts least hit by Pak tragedy, end flat
Hot midcap picks from PINC Research
Benazir's slaying may hurt Pak ratings: S&P
Sebi directions to pave way for Rel Power IPO
BSE launches SENSEX mini contracts
UBS-StanChart deal fizzles out
Prakash Ind to raise Rs 1k cr via thermal unit?
Trans & Rect see FY09 sales at Rs 400cr
Intl invt buy USD 1 bn stake in Bharti Infratel
2007 review: Fund manager's favourites
Mid & small cap stocks likely to outperform: PN Vijay
Pak govt reveals how Benazir was killed [ Off Topic]
Analyst positive on markets for FY08
JSW to invest 49% in JV with Georgia's Geo Steel: NW18
For smart retail investors, ICICI Direct's midcap picks
Reliance Petroleum can go upto Rs 300
Order book at Rs 500 crore: Kalindee Rail Nirman
Top sector performers for 2007
NSE revises market lots for derivative contracts
NSE launches mini F&O contract on S&P CNX Nifty index
-----------------------------------------------------------
www.myiris.com
Brokers` Outlook: Market likely to open flat on Monday
FIIs remain net buyers in equities worth Rs 9,440 mn on Dec. 27
Forex reserves decline by USD 232 mn
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31
Cambridge Technology to acquire Q-Soft Systems
Godrej acquires 5% in Geometric
RCF, GAIL signs MoU to set up coal gasification project
Jindal Steel fixes Jan 28 for stock split
Active stock: Kew Ind jumps 19.97% on plans to increase capacity
Mediaone Global allots 5:1 bonus shares
Active Stock: R Systems zooms 16% on acquisition news
Transformers and Rectifiers debuts at 50% premium at BSE
Suzlon Energy fixes record date for stock split
DLF may list 5 subsidiaries
Bhushan Steel to form JV with Sumitomo Metal
Era Constructions may raise open offer price
GMR likely to list energy arm to fund projects
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.
Indian mkts least hit by Pak tragedy, end flat
Hot midcap picks from PINC Research
Benazir's slaying may hurt Pak ratings: S&P
Sebi directions to pave way for Rel Power IPO
BSE launches SENSEX mini contracts
UBS-StanChart deal fizzles out
Prakash Ind to raise Rs 1k cr via thermal unit?
Trans & Rect see FY09 sales at Rs 400cr
Intl invt buy USD 1 bn stake in Bharti Infratel
2007 review: Fund manager's favourites
Mid & small cap stocks likely to outperform: PN Vijay
Pak govt reveals how Benazir was killed [ Off Topic]
Analyst positive on markets for FY08
JSW to invest 49% in JV with Georgia's Geo Steel: NW18
For smart retail investors, ICICI Direct's midcap picks
Reliance Petroleum can go upto Rs 300
Order book at Rs 500 crore: Kalindee Rail Nirman
Top sector performers for 2007
NSE revises market lots for derivative contracts
NSE launches mini F&O contract on S&P CNX Nifty index
-----------------------------------------------------------
www.myiris.com
Brokers` Outlook: Market likely to open flat on Monday
FIIs remain net buyers in equities worth Rs 9,440 mn on Dec. 27
Forex reserves decline by USD 232 mn
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31
Cambridge Technology to acquire Q-Soft Systems
Godrej acquires 5% in Geometric
RCF, GAIL signs MoU to set up coal gasification project
Jindal Steel fixes Jan 28 for stock split
Active stock: Kew Ind jumps 19.97% on plans to increase capacity
Mediaone Global allots 5:1 bonus shares
Active Stock: R Systems zooms 16% on acquisition news
Transformers and Rectifiers debuts at 50% premium at BSE
Suzlon Energy fixes record date for stock split
DLF may list 5 subsidiaries
Bhushan Steel to form JV with Sumitomo Metal
Era Constructions may raise open offer price
GMR likely to list energy arm to fund projects
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.
Labels:
Moneycontrol,
Myiris Business Stories
OP Bhatt is BS Banker of the Year
OP Bhatt is BS Banker of the Year
Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India [Get Quote] (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.
The jury was chaired by Standard & Poor's managing director & region head (South Asia) R Ravimohan, and comprised Tata Capital managing director Pravin Kadle, ICAN Advisors managing director Anil Singhvi and Ernst & Young's head of financial services Ashvin Parekh.
The jury members concluded that Bhatt deserved the title for the series of initiatives he has taken to position the country's largest bank to compete with private bank challengers that operate with much more operational freedom.
SBI, under Bhatt's stewardship, is best positioned to make a difference to all stakeholders, they said. What tipped the scales in Bhatt's favour was his ability to make the elephant dance. Though the numbers were not impressive enough in 2006-07 - a fact the jury noted - Bhatt has been able to arrest the steep slide in its market share since September last year.
In fact, till October this year, SBI's market share in deposits has gone up by 61 basis points and advances by 11 basis points. The first SBI chairman to get a five-year term has an elaborate blueprint for regaining the bank's lost glory.
While corporate financing has been put on the fast track (the decision to part-finance the Tata Group's acquisition of Corus was cleared in 10 minutes), SBI is entering several new business streams: financial planning and advisory services, custodial services, mobile banking, payments solutions, general insurance and pension funds.
The bank has also begun taking steps to build a strong derivatives business abroad.
The annual also covers a round table discussion involving the CEOs of seven leading banks on the topic: "2009: Are banks in India ready for it?" Bankers called for a clear vision document from the government and the Reserve Bank of India on the roadmap post-2009 when the contours of the banking landscape are expected to change.
The message that came out clearly was this: while leading private and foreign banks are putting their houses in order to meet the challenge, the public sector banks are trying to make rapid strides though most of them are still struggling with legacy issues. Bankers also said that the roadmap is important since the opportunities are limitless.
With the economy growing at around 9 per cent and an increase of the share of overall credit in the national output, business can go only one way - up.
Source: http://www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India [Get Quote] (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.
The jury was chaired by Standard & Poor's managing director & region head (South Asia) R Ravimohan, and comprised Tata Capital managing director Pravin Kadle, ICAN Advisors managing director Anil Singhvi and Ernst & Young's head of financial services Ashvin Parekh.
The jury members concluded that Bhatt deserved the title for the series of initiatives he has taken to position the country's largest bank to compete with private bank challengers that operate with much more operational freedom.
SBI, under Bhatt's stewardship, is best positioned to make a difference to all stakeholders, they said. What tipped the scales in Bhatt's favour was his ability to make the elephant dance. Though the numbers were not impressive enough in 2006-07 - a fact the jury noted - Bhatt has been able to arrest the steep slide in its market share since September last year.
In fact, till October this year, SBI's market share in deposits has gone up by 61 basis points and advances by 11 basis points. The first SBI chairman to get a five-year term has an elaborate blueprint for regaining the bank's lost glory.
While corporate financing has been put on the fast track (the decision to part-finance the Tata Group's acquisition of Corus was cleared in 10 minutes), SBI is entering several new business streams: financial planning and advisory services, custodial services, mobile banking, payments solutions, general insurance and pension funds.
The bank has also begun taking steps to build a strong derivatives business abroad.
The annual also covers a round table discussion involving the CEOs of seven leading banks on the topic: "2009: Are banks in India ready for it?" Bankers called for a clear vision document from the government and the Reserve Bank of India on the roadmap post-2009 when the contours of the banking landscape are expected to change.
The message that came out clearly was this: while leading private and foreign banks are putting their houses in order to meet the challenge, the public sector banks are trying to make rapid strides though most of them are still struggling with legacy issues. Bankers also said that the roadmap is important since the opportunities are limitless.
With the economy growing at around 9 per cent and an increase of the share of overall credit in the national output, business can go only one way - up.
Source: http://www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The Tata legacy : Rediff Slide show
Slide show: The Tata legacy
Ratan Tata turned 70 today. On this occasion, we take you through a nostalgic journey of the Tata Group.
----------------------
Ratan Tata turned 70 today (December 28, 2007). On this occasion, we take you through a nostalgic journey of the Tata Group through the ages.
Ratan Tata was born to Soonoo & Naval Hormusji Tata on December 28, 1937. He was brought up their grandmother Lady Navajbai after his mother moved out following a troubled marriage. He studied at the Campion School in Mumbai. At the age of 15, he moved to the United States for further studies. He completed his graduation from Cornell University with a degree in Architecture and Structural Engineering. He has also completed a Advanced Management Program at Harvard Business School.
Despite his wealth, Tata always kept a low profile. During his stint in the US, Tata had no qualms in doing odd jobs, he even washed dishes! He joined the Tata Group in December 1962. In 1991, after more than 50 years at the helm, JRD Tata stepped down as the chairman of the Tata Group. Taking over from him was Ratan Tata, his nephew.
In 1998, Ratan Tata launched the Indica, which is India's first indigenously designed, developed and manufactured car. Pooh-poohed for getting into the passenger car segment, Ratan Tata turned the tables on the naysayers within a few years. Tata Motors' Indica and Indigo is two of the hottest selling cars in India.
Today, Tata is an indispensable part of the Tata group, striving for more glory year after year. If 2007 would be remembered for his acquisition of Corus, the biggest acquisition in the history of India Inc. He has also bid for Ford's marquee brands: Jaguar and Land Rover. His pet project -- the Rs 1 lakh People's Car -- likely to be launched in mid-2008 is also certain to shake up the Indian car industry.
Ratan Tata has also initiated the restructuring of the vast Tata empire to reduce hierarchy, focus on profitable operations, and increase efficiency. The group is managed through holding company Tata Sons, which controls the Tata brand.
The Tata Group comprises 98 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals.
Also read:
Ratan Tata: India's shining jewel
We never compromised on ethics: Tata
'The Rs 1-lakh car will not be a motorcycle with 4 wheels'
The man with steely resolve
What will be Tata's Rs 1-lakh car be like
-----------------------------------------------------------------------------
Other Rediff stories
Sebi clears decks for RPL IPO
GDP to grow by 9% in 2008
Small savings can make you rich
The world's cheapest car
Source: http://www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Ratan Tata turned 70 today. On this occasion, we take you through a nostalgic journey of the Tata Group.
----------------------
Ratan Tata turned 70 today (December 28, 2007). On this occasion, we take you through a nostalgic journey of the Tata Group through the ages.
Ratan Tata was born to Soonoo & Naval Hormusji Tata on December 28, 1937. He was brought up their grandmother Lady Navajbai after his mother moved out following a troubled marriage. He studied at the Campion School in Mumbai. At the age of 15, he moved to the United States for further studies. He completed his graduation from Cornell University with a degree in Architecture and Structural Engineering. He has also completed a Advanced Management Program at Harvard Business School.
Despite his wealth, Tata always kept a low profile. During his stint in the US, Tata had no qualms in doing odd jobs, he even washed dishes! He joined the Tata Group in December 1962. In 1991, after more than 50 years at the helm, JRD Tata stepped down as the chairman of the Tata Group. Taking over from him was Ratan Tata, his nephew.
In 1998, Ratan Tata launched the Indica, which is India's first indigenously designed, developed and manufactured car. Pooh-poohed for getting into the passenger car segment, Ratan Tata turned the tables on the naysayers within a few years. Tata Motors' Indica and Indigo is two of the hottest selling cars in India.
Today, Tata is an indispensable part of the Tata group, striving for more glory year after year. If 2007 would be remembered for his acquisition of Corus, the biggest acquisition in the history of India Inc. He has also bid for Ford's marquee brands: Jaguar and Land Rover. His pet project -- the Rs 1 lakh People's Car -- likely to be launched in mid-2008 is also certain to shake up the Indian car industry.
Ratan Tata has also initiated the restructuring of the vast Tata empire to reduce hierarchy, focus on profitable operations, and increase efficiency. The group is managed through holding company Tata Sons, which controls the Tata brand.
The Tata Group comprises 98 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals.
Also read:
Ratan Tata: India's shining jewel
We never compromised on ethics: Tata
'The Rs 1-lakh car will not be a motorcycle with 4 wheels'
The man with steely resolve
What will be Tata's Rs 1-lakh car be like
-----------------------------------------------------------------------------
Other Rediff stories
Sebi clears decks for RPL IPO
GDP to grow by 9% in 2008
Small savings can make you rich
The world's cheapest car
Source: http://www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
NSE revises lot size for 106 securities: Business Line
The Hindu Business Line : NSE revises lot size for 106 securities
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract.
Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
Source: www.thehindubusinessline.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract.
List of new lot size http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
Source: www.thehindubusinessline.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex mini derivative contracts from January : The Hindu
Sensex mini derivative contracts from
MUMBAI: The Bombay Stock Exchange (BSE) will launch Sensex mini derivative contracts from January 1, 2008, in a market lot of five.
“The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to Sensex, through Futures & Options,” stated the BSE in a press release.
The security symbol for Sensex mini contracts will be MSX. The contract is available for one, two and three months along with weekly options. The announcement came in immediately after SEBI allowed trading in mini contracts on index (BSE 30-share Sensex and NSE 50-share Nifty) with a minimum contract size of Rs. 1 lakh.
The SEBI board had proposed to introduce seven new derivative products based on the recommendations made by the SEBI Committee on Derivatives.
Source: http://www.hindu.com/2007/12/28/stories/2007122854191500.htm. 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.
MUMBAI: The Bombay Stock Exchange (BSE) will launch Sensex mini derivative contracts from January 1, 2008, in a market lot of five.
“The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to Sensex, through Futures & Options,” stated the BSE in a press release.
The security symbol for Sensex mini contracts will be MSX. The contract is available for one, two and three months along with weekly options. The announcement came in immediately after SEBI allowed trading in mini contracts on index (BSE 30-share Sensex and NSE 50-share Nifty) with a minimum contract size of Rs. 1 lakh.
The SEBI board had proposed to introduce seven new derivative products based on the recommendations made by the SEBI Committee on Derivatives.
Source: http://www.hindu.com/2007/12/28/stories/2007122854191500.htm. 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 rebounds from lower levels, ends : Sify India
Sensex rebounds from lower levels, ends
Large cap stocks generally moved in a tight range even as mid and smallcaps gained in strength on strong buying support today. The market, taking global cues, got off to a negative start and as key stocks drifted lower, the benchmark indices plunged sharply into the red in early trade. The US and Asian markets had tumbled following the assassination of Pakistan's former Prime Minister Benazir Bhutto.
However, amid a certain degree of volatility, a few blue chip stocks bounced back from lower levels and the Sensex rallied into the positive zone. But then, with participants staying wary of building up positions in front line stocks, the index moved in a tight range till a list past noon.
A couple of strong spells of selling in information technology, capital goods, telecom and auto stocks in afternoon trade sent the Sensex crashing below 20,050. Though the barometer rebounded from that level and settled at 20,206.95, it still ended the day in the negative zone, albeit with a very small loss of 9.77 points. The Nifty, which swung in an intra-day range of around 77 points, ended at 6079.70, well off a low of 6021.90, with a loss of 1.80 points.
Realty stocks had a firm outing today. Metal, PSU, FMCG, healthcare and consumer durables stocks too posted impressive gains. Oil and power stocks bounced back during the closing minutes and ended well off their lows. Information technology, bank, capital goods and auto stocks closed on a subdued note.
Reflecting investor interest in midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 1.55% and 2.16% respectively. The market breadth also remained quite positive today.
Out of 2953 stocks traded on BSE, 2262 stocks closed with gains. 665 stocks finished on the losing side and 26 stocks ended unchanged from their previous closing levels.
Realty major DLF moved up by 5.35% to Rs 1063.70 and topped the list of gainers from the Sensex pack. Tata Steel (2.8%), Ambuja Cements (2.75%), Grasim Industries (1.15%), Hindalco (1.15%), ITC (1.1%), Ranbaxy Laboratories (1%), Reliance Energy (up nearly a per cent) and BHEL (0.95%) closed on a firm note.
Mahindra & Mahindra, HDFC, NTPC and ACC also ended with notable gains. Hindustan Unilever, Reliance Communications, Reliance Industries and State Bank of India ended marginally higher than their previous closing levels.
Among the losers, software major Wipro ended lower by 3.5%. Bharti Airtel (down 2.65%), Bajaj Auto (down 2.3%), Tata Consultancy Services (down 1.8%), ICICI Bank (down 1.2%), ONGC (down 1.1%) and Maruti Suzuki (down 1.05%) also declined sharply.
Tata Motors and HDFC Bank ended lower by around 0.8%. Infosys Technologies, Satyam Computer Services, Cipla and Larsen & Toubro eased by 0.25% - 0.5%. Idea Cellular, Suzlon Energy, GlaxoSmithKline Pharma, GAIL India, Zee Entertainment, Dr. Reddy's Laboratories and Hero Honda declined sharply today.
Nalco, which opened on a negative note, bounced back strongly in afternoon trade and ended with a handsome gain of 4.4%. Unitech, HCL Technologies, Tata Power, SAIL and Sun Pharma moved up by 2% - 4%. Punjab National Bank, Reliance Petroleum, Cairn India and Sterlite Industries also finished with impressive gains.
Ramco Systems hit the upper circuit in morning trade and remained firmly locked till the end. BASF India, Orchid Chemicals, HMT, Parsvnath Developers, Aditya Birla Nuvo, Castrol India, Edelweiss Capital, Century Textiles, Alfa Laval, Nestle, Ingersoll Rand, Mirc Electronics, Bharat Electronics, HDIL, Bank of Baroda, Lanco Infratech and Jindal Steel closed with handsome gains.
Monsanto, SpiceJet, Gulf Oil Corporation, Bajaj Auto Finance, Gateway Distripark, Donear Industries, Patel Engineering, Blue Dart Express, Sundaram Fasteners, Tata Investment Corporation, Advanta, Havell's India, Ess Dee Aluminium, Hotel Leelaventure, Bayer Crop and Dishman Pharma were some of the major gainers from the midcap index.
Among smallcaps, Suraj Stainless, Org Informatics, LGB Brothers, GATI, Spentex Industries, Munjal Showa, Bajaj Electricals, Agro Tech Foods, Suraj Diamond, Transport Corporation of India, Unity Infraprojects, Whirlpool, Dolphin Offshore, Viceroy Hotels and Tantia Constructions flared up today.
JP Hydro (up 7.2%), Essar Oil (up 2.65%), Jindal Steel (up 5.9%) and RNRL (up 5.55%) surge on strong volumes. Transformers & Rectifiers (TRIL) made a strong debut today. The stock ended at Rs 736, a premium of around 58.3% to its issue price of Rs 465. Nearly 3.3 million shares were traded at the TRIL counter on NSE today.
Other Stories:
KEW Ind in talks with M&M
Electrosteel to issue warrants
SEBI approves Reliance Power's IPO
Inflation rate slips to 3.45 per cent
JSW Steel to invest in steel rolling JV in Georgia
Nikkei falls 11% in 2007, first down year in 5 yrs
Infosys Q3 results on January 11
BSE to launch mini contracts in derivative market
Dewan Housing surges on FII cap hike
‘Web 2.0'? What’s that?
Reliance Power: SEBI in favour of promoter contribution
Source: 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.
Large cap stocks generally moved in a tight range even as mid and smallcaps gained in strength on strong buying support today. The market, taking global cues, got off to a negative start and as key stocks drifted lower, the benchmark indices plunged sharply into the red in early trade. The US and Asian markets had tumbled following the assassination of Pakistan's former Prime Minister Benazir Bhutto.
However, amid a certain degree of volatility, a few blue chip stocks bounced back from lower levels and the Sensex rallied into the positive zone. But then, with participants staying wary of building up positions in front line stocks, the index moved in a tight range till a list past noon.
A couple of strong spells of selling in information technology, capital goods, telecom and auto stocks in afternoon trade sent the Sensex crashing below 20,050. Though the barometer rebounded from that level and settled at 20,206.95, it still ended the day in the negative zone, albeit with a very small loss of 9.77 points. The Nifty, which swung in an intra-day range of around 77 points, ended at 6079.70, well off a low of 6021.90, with a loss of 1.80 points.
Realty stocks had a firm outing today. Metal, PSU, FMCG, healthcare and consumer durables stocks too posted impressive gains. Oil and power stocks bounced back during the closing minutes and ended well off their lows. Information technology, bank, capital goods and auto stocks closed on a subdued note.
Reflecting investor interest in midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 1.55% and 2.16% respectively. The market breadth also remained quite positive today.
Out of 2953 stocks traded on BSE, 2262 stocks closed with gains. 665 stocks finished on the losing side and 26 stocks ended unchanged from their previous closing levels.
Realty major DLF moved up by 5.35% to Rs 1063.70 and topped the list of gainers from the Sensex pack. Tata Steel (2.8%), Ambuja Cements (2.75%), Grasim Industries (1.15%), Hindalco (1.15%), ITC (1.1%), Ranbaxy Laboratories (1%), Reliance Energy (up nearly a per cent) and BHEL (0.95%) closed on a firm note.
Mahindra & Mahindra, HDFC, NTPC and ACC also ended with notable gains. Hindustan Unilever, Reliance Communications, Reliance Industries and State Bank of India ended marginally higher than their previous closing levels.
Among the losers, software major Wipro ended lower by 3.5%. Bharti Airtel (down 2.65%), Bajaj Auto (down 2.3%), Tata Consultancy Services (down 1.8%), ICICI Bank (down 1.2%), ONGC (down 1.1%) and Maruti Suzuki (down 1.05%) also declined sharply.
Tata Motors and HDFC Bank ended lower by around 0.8%. Infosys Technologies, Satyam Computer Services, Cipla and Larsen & Toubro eased by 0.25% - 0.5%. Idea Cellular, Suzlon Energy, GlaxoSmithKline Pharma, GAIL India, Zee Entertainment, Dr. Reddy's Laboratories and Hero Honda declined sharply today.
Nalco, which opened on a negative note, bounced back strongly in afternoon trade and ended with a handsome gain of 4.4%. Unitech, HCL Technologies, Tata Power, SAIL and Sun Pharma moved up by 2% - 4%. Punjab National Bank, Reliance Petroleum, Cairn India and Sterlite Industries also finished with impressive gains.
Ramco Systems hit the upper circuit in morning trade and remained firmly locked till the end. BASF India, Orchid Chemicals, HMT, Parsvnath Developers, Aditya Birla Nuvo, Castrol India, Edelweiss Capital, Century Textiles, Alfa Laval, Nestle, Ingersoll Rand, Mirc Electronics, Bharat Electronics, HDIL, Bank of Baroda, Lanco Infratech and Jindal Steel closed with handsome gains.
Monsanto, SpiceJet, Gulf Oil Corporation, Bajaj Auto Finance, Gateway Distripark, Donear Industries, Patel Engineering, Blue Dart Express, Sundaram Fasteners, Tata Investment Corporation, Advanta, Havell's India, Ess Dee Aluminium, Hotel Leelaventure, Bayer Crop and Dishman Pharma were some of the major gainers from the midcap index.
Among smallcaps, Suraj Stainless, Org Informatics, LGB Brothers, GATI, Spentex Industries, Munjal Showa, Bajaj Electricals, Agro Tech Foods, Suraj Diamond, Transport Corporation of India, Unity Infraprojects, Whirlpool, Dolphin Offshore, Viceroy Hotels and Tantia Constructions flared up today.
JP Hydro (up 7.2%), Essar Oil (up 2.65%), Jindal Steel (up 5.9%) and RNRL (up 5.55%) surge on strong volumes. Transformers & Rectifiers (TRIL) made a strong debut today. The stock ended at Rs 736, a premium of around 58.3% to its issue price of Rs 465. Nearly 3.3 million shares were traded at the TRIL counter on NSE today.
Other Stories:
KEW Ind in talks with M&M
Electrosteel to issue warrants
SEBI approves Reliance Power's IPO
Inflation rate slips to 3.45 per cent
JSW Steel to invest in steel rolling JV in Georgia
Nikkei falls 11% in 2007, first down year in 5 yrs
Infosys Q3 results on January 11
BSE to launch mini contracts in derivative market
Dewan Housing surges on FII cap hike
‘Web 2.0'? What’s that?
Reliance Power: SEBI in favour of promoter contribution
Source: 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.
27 December 2007
Economic Times Stories
http://economictimes.indiatimes.com/
Benazir Bhutto assassinated in suicide blast
----------------------------------------------------
Forntliners end flat on Dec F&O expiry
GMR mulls listing of energy subsidiary
Global Broadcast plans stock split
Ahluwalia Contracts bags orders worth Rs 341 cr
Mutual Funds as long-term investment
SBI to invite expressions of interest from MNCs for non-life foray
PE investors may acquire 15% in Nahar Retail for Rs 120 cr
Banks wink at RBI diktat on sharing ATM networks
GAIL, Oil India eye cooperation in exploration, natural gas
Ageing rockers outshine newcomers in 2007
Ahluwalia Contracts bags orders worth Rs 341 cr
Reliance Retail eyes $5 to 5.5 bn turnover by 2011
Spice to sell telecom towers to Srei for over Rs 500 crore
Now, India tops list of top microfinance institutions
India fifth biggest market for Saudi exports
Bank of India to raise money via QIP
Equities to remain choppy ahead of F&O expiry; Global cues mixed
Why markets rally in last week of December?
Telecom shares may under-perform due to regulatory issues
Stocks to watch on Thursday
Brokerage Platter: Tata Metaliks, Mercator Lines, KPR Mill
NRI Om Malik among world's top 25 web celebrities
Kalindee Rail Nirman hits 20% upper circuit
Transformers & Rectifiers to list on Friday, eClerx on Monday
Smaller towns keep India on top in IT offshore world
Budget 2008: Government plans to levy service tax on amusement parks
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.
Benazir Bhutto assassinated in suicide blast
----------------------------------------------------
Forntliners end flat on Dec F&O expiry
GMR mulls listing of energy subsidiary
Global Broadcast plans stock split
Ahluwalia Contracts bags orders worth Rs 341 cr
Mutual Funds as long-term investment
SBI to invite expressions of interest from MNCs for non-life foray
PE investors may acquire 15% in Nahar Retail for Rs 120 cr
Banks wink at RBI diktat on sharing ATM networks
GAIL, Oil India eye cooperation in exploration, natural gas
Ageing rockers outshine newcomers in 2007
Ahluwalia Contracts bags orders worth Rs 341 cr
Reliance Retail eyes $5 to 5.5 bn turnover by 2011
Spice to sell telecom towers to Srei for over Rs 500 crore
Now, India tops list of top microfinance institutions
India fifth biggest market for Saudi exports
Bank of India to raise money via QIP
Equities to remain choppy ahead of F&O expiry; Global cues mixed
Why markets rally in last week of December?
Telecom shares may under-perform due to regulatory issues
Stocks to watch on Thursday
Brokerage Platter: Tata Metaliks, Mercator Lines, KPR Mill
NRI Om Malik among world's top 25 web celebrities
Kalindee Rail Nirman hits 20% upper circuit
Transformers & Rectifiers to list on Friday, eClerx on Monday
Smaller towns keep India on top in IT offshore world
Budget 2008: Government plans to levy service tax on amusement parks
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.
Moneycontrol, Myiris corporate stories
Moneycontrol.com
Benazir Bhutto assassinated!
-----------------------------------
CY07 drawing to a close; experts eyeing Q3FY08
See broking biz rev from next yr: Chola DBS
Future Cap IPO gets SEBI clearance: Sources
Household savings and mkts
What to include in your '08 wish list?
Bombay Rayon can give 40-50% returns
Pros and cons of SBI merger
Why some investors quit the market?
Indian IPO mkt ranks 7th in global mop-up
Auto, textiles, and sugar to do badly in Q3: ICICI Pru
REL & GMR Infra short-listed for Tuas Pwr bidding: Srcs
Stocks to watch: Nalco, GNFC, Mercator Lines
ONGC to raise USD 20 billion for global buys, stk up
Buy JSW Steel with the price target of Rs 1900
Marketwide rollover 66% versus 60%
Ahluwalia Contracts up on bagging order
Are brokerages over optimistic?
Re may break 33 levels in Q1: UBS
Markets end in green amid choppiness on F&O expiry day
Franklin Templeton Invt sees 15% Q1 Sens...
-----------------------------------------------------------
Myiris.com
Brokers` Outlook: Market likely to trade in a range
MFs remain net buyers in equities worth Rs 7,425 mn on Dec. 26
FIIs remain net buyers in equities worth Rs 24,205 mn on Dec. 26
Transformers & Rectifiers to list on bourses on Dec. 28
NTPC inks pact to raise Rs 20 bn to fund capex
NMDC board approves bonus issue & stock split
Parsvnath to launch premium commercial project in Punjab
Telecom to ring half billion mark by 2010
SAIL on expansion ride; plans Rs 530 bn capex
Jindal Steel approves stock split
ICICI Direct rates Visa Steel as Outperformer
Suven Life Sciences gets product patent from US
Time Technoplast buys Bahrain-based battery maker
ONGC Videsh to acquire 40% stake in Venezuelan co.
Vivimed Labs likely to acquire German firm
VSNL sells 10% equity in its Sri Lankan arm (Update)
Videocon aims to generate 5000-MW power
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.
Benazir Bhutto assassinated!
-----------------------------------
CY07 drawing to a close; experts eyeing Q3FY08
See broking biz rev from next yr: Chola DBS
Future Cap IPO gets SEBI clearance: Sources
Household savings and mkts
What to include in your '08 wish list?
Bombay Rayon can give 40-50% returns
Pros and cons of SBI merger
Why some investors quit the market?
Indian IPO mkt ranks 7th in global mop-up
Auto, textiles, and sugar to do badly in Q3: ICICI Pru
REL & GMR Infra short-listed for Tuas Pwr bidding: Srcs
Stocks to watch: Nalco, GNFC, Mercator Lines
ONGC to raise USD 20 billion for global buys, stk up
Buy JSW Steel with the price target of Rs 1900
Marketwide rollover 66% versus 60%
Ahluwalia Contracts up on bagging order
Are brokerages over optimistic?
Re may break 33 levels in Q1: UBS
Markets end in green amid choppiness on F&O expiry day
Franklin Templeton Invt sees 15% Q1 Sens...
-----------------------------------------------------------
Myiris.com
Brokers` Outlook: Market likely to trade in a range
MFs remain net buyers in equities worth Rs 7,425 mn on Dec. 26
FIIs remain net buyers in equities worth Rs 24,205 mn on Dec. 26
Transformers & Rectifiers to list on bourses on Dec. 28
NTPC inks pact to raise Rs 20 bn to fund capex
NMDC board approves bonus issue & stock split
Parsvnath to launch premium commercial project in Punjab
Telecom to ring half billion mark by 2010
SAIL on expansion ride; plans Rs 530 bn capex
Jindal Steel approves stock split
ICICI Direct rates Visa Steel as Outperformer
Suven Life Sciences gets product patent from US
Time Technoplast buys Bahrain-based battery maker
ONGC Videsh to acquire 40% stake in Venezuelan co.
Vivimed Labs likely to acquire German firm
VSNL sells 10% equity in its Sri Lankan arm (Update)
Videocon aims to generate 5000-MW power
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.
Labels:
Moneycontrol,
Myiris Corporate Stories
5 states hold 60% of demat a/cs: Rediff India
5 states hold 60% of demat a/cs
The Indian equity market may be one of the best performers in terms of returns. However, the so-called equity cult is yet to spread in the country as the number of equity investors is just 1 per cent of the total population. To make matters worse, less than 40 per cent (37.66 per cent) of the investors are in Maharashtra and Gujarat. The rest of the citizens and most of the states and Union territories are not affected directly by either boom or bust in the stock market.
According to the data available from National Securities Depository (NSDL), the leading depository, nearly 62.8 per cent of the demat accounts are in the five states � Maharashtra, Gujarat, Delhi, Tamil Nadu and Karnataka.
As of September 2007, NSDL had 6.57 million demat accounts. Since then, one lakh new accounts are being opened monthly. Central Depository Services (CDSL), the other depository, has 3.5 million demat accounts as of date.The state-wise demat accounts data indicate the spread of equity cult in the country. Both NSDL and CDSL jointly have approximately 1.10 crore demat accounts, of which around two-thirds are with NSDL and the rest with CDSL.
Of the total demat accounts, the share of the five states is around 62 per cent. Maharashtra leads the number of demat accounts with 22 per cent share, followed by Gujarat with 18 per cent share. These are the only two states having more than a million accounts in NSDL.
The data reveal some more interesting but shocking facts. Demat accounts in Union territories are even less than 1,000. In 16 states and Union territories, demat accounts number less than 1 lakh.
Gujarat is considered to be the state with the highest number of investors. But if measured by the number of demat accounts, which is mandatory to invest in equities, Gujarat follows Maharashtra. In terms of incremental growth, Andhra Pradesh, Tamil Nadu and Karnataka have seen significant growth in demat accounts in the last two years. However, the growth in Gujarat and Maharashtra is negligible.
NSDL Managing Director C B Bhave said, "Because of the booming capital market, the number of demat accounts are also growing at a fast pace. Every month, on an average, 1 lakh demat accounts are being opened with NSDL."
According to Nikhil Daxini, executive director, business development, Angel Broking, "The main reasons for many states not participating in the equity market are lack of awareness, low level of income and education." Angel is one of the largest brokerage houses and has more than 7,000 terminals across the country.He said in Gujarat a majority of demat accounts were in Ahmedabad and Surat and in the Saurashtra region and the Kutch district.
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 Indian equity market may be one of the best performers in terms of returns. However, the so-called equity cult is yet to spread in the country as the number of equity investors is just 1 per cent of the total population. To make matters worse, less than 40 per cent (37.66 per cent) of the investors are in Maharashtra and Gujarat. The rest of the citizens and most of the states and Union territories are not affected directly by either boom or bust in the stock market.
According to the data available from National Securities Depository (NSDL), the leading depository, nearly 62.8 per cent of the demat accounts are in the five states � Maharashtra, Gujarat, Delhi, Tamil Nadu and Karnataka.
As of September 2007, NSDL had 6.57 million demat accounts. Since then, one lakh new accounts are being opened monthly. Central Depository Services (CDSL), the other depository, has 3.5 million demat accounts as of date.The state-wise demat accounts data indicate the spread of equity cult in the country. Both NSDL and CDSL jointly have approximately 1.10 crore demat accounts, of which around two-thirds are with NSDL and the rest with CDSL.
Of the total demat accounts, the share of the five states is around 62 per cent. Maharashtra leads the number of demat accounts with 22 per cent share, followed by Gujarat with 18 per cent share. These are the only two states having more than a million accounts in NSDL.
The data reveal some more interesting but shocking facts. Demat accounts in Union territories are even less than 1,000. In 16 states and Union territories, demat accounts number less than 1 lakh.
Gujarat is considered to be the state with the highest number of investors. But if measured by the number of demat accounts, which is mandatory to invest in equities, Gujarat follows Maharashtra. In terms of incremental growth, Andhra Pradesh, Tamil Nadu and Karnataka have seen significant growth in demat accounts in the last two years. However, the growth in Gujarat and Maharashtra is negligible.
NSDL Managing Director C B Bhave said, "Because of the booming capital market, the number of demat accounts are also growing at a fast pace. Every month, on an average, 1 lakh demat accounts are being opened with NSDL."
According to Nikhil Daxini, executive director, business development, Angel Broking, "The main reasons for many states not participating in the equity market are lack of awareness, low level of income and education." Angel is one of the largest brokerage houses and has more than 7,000 terminals across the country.He said in Gujarat a majority of demat accounts were in Ahmedabad and Surat and in the Saurashtra region and the Kutch district.
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.
Newsmakers of the year : Rediff.com
Newsmakers of the year
The Year That Was: 2007
Rediff looks back at the highs and lows, the successes and failures, the heroes and villains, the wild and the overblown that made this year.
More @ http://specials.rediff.com/yearend/2007/dec/03yend1.htm
--------------------------------------
Other Rediff stories
Youngest Ashok Chakra winner
How to fill up your IPO application
RCom slaps legal notice on DoT
Investing money most profitably
5 states hold 60% of demat a/cs
Soon, cars may run on whisky
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 Year That Was: 2007
Rediff looks back at the highs and lows, the successes and failures, the heroes and villains, the wild and the overblown that made this year.
More @ http://specials.rediff.com/yearend/2007/dec/03yend1.htm
--------------------------------------
Other Rediff stories
Youngest Ashok Chakra winner
How to fill up your IPO application
RCom slaps legal notice on DoT
Investing money most profitably
5 states hold 60% of demat a/cs
Soon, cars may run on whisky
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.
Transformers and Rectifiers Lists on Dec 28: Moneycontrol.com
Transformers and Rectifiers to list on Dec 28
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times.
The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
-----------------------------------------------------------------------------
Transformers & Rectifiers likely to list above Rs 700
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
Experts told Moneycontrol.com that the stock is expected to list around Rs 700-750 and advised to hold for long term, if one has capacity.
According to R S Iyer of K R Choksey Securities, "Transformers is expected to list around Rs 600-700. The industry is doing well and will do well in future as well, so one, who has capacity, can hold for long term."
Manish Bhatt of Prabhudas Lilladher said, "Transformers may list with premium of Rs 300-350 over its offer price of Rs 465 per share. One should hold the stock with medium to long term view."
"The company is presently manufacturing transformers upto 220 kV class with an installed capacity of 7,200 MVA, through its two manufacturing facilities located near Ahmedabad. Now the company is setting up a new plant of 220 kV and 400 kV class with a capacity of 16,000 MVA per annum with an estimated expenditure of Rs 67 crore. The company is expected to list at a premium. In case of aggressive listing partial profits can be booked. Investors can also be invested in the company with a long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
"Transformers and Rectifiers is likely to list at Rs 760 as against its issue price of Rs 465. Profit booking is advised at these levels", Investment Advisor, S P Tulsian said.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
Source: www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times.
The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
-----------------------------------------------------------------------------
Transformers & Rectifiers likely to list above Rs 700
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
Experts told Moneycontrol.com that the stock is expected to list around Rs 700-750 and advised to hold for long term, if one has capacity.
According to R S Iyer of K R Choksey Securities, "Transformers is expected to list around Rs 600-700. The industry is doing well and will do well in future as well, so one, who has capacity, can hold for long term."
Manish Bhatt of Prabhudas Lilladher said, "Transformers may list with premium of Rs 300-350 over its offer price of Rs 465 per share. One should hold the stock with medium to long term view."
"The company is presently manufacturing transformers upto 220 kV class with an installed capacity of 7,200 MVA, through its two manufacturing facilities located near Ahmedabad. Now the company is setting up a new plant of 220 kV and 400 kV class with a capacity of 16,000 MVA per annum with an estimated expenditure of Rs 67 crore. The company is expected to list at a premium. In case of aggressive listing partial profits can be booked. Investors can also be invested in the company with a long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
"Transformers and Rectifiers is likely to list at Rs 760 as against its issue price of Rs 465. Profit booking is advised at these levels", Investment Advisor, S P Tulsian said.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
Source: www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Influential tech gizmos : Sify Year-end special
Year-end special: Influential tech gizmos
The year 2007 was good for technology fans. Whether you were largely desktop bound or constantly on the go, this year's technology products went some way towards making your life easier, more fun or more productive. But a few stood out — not necessarily because they broke new ground but because it was clear that their influence would be felt well into the future. Whether you own one of these products or not, it's likely that their presence will have an impact on how you work or play in the year to come.
More @ http://sify.com/finance/fullstory.php?id=14576886
Source: www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The year 2007 was good for technology fans. Whether you were largely desktop bound or constantly on the go, this year's technology products went some way towards making your life easier, more fun or more productive. But a few stood out — not necessarily because they broke new ground but because it was clear that their influence would be felt well into the future. Whether you own one of these products or not, it's likely that their presence will have an impact on how you work or play in the year to come.
More @ http://sify.com/finance/fullstory.php?id=14576886
Source: 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, Nifty end with small gains : Sify Finance
Sensex, Nifty end with small gains
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run
The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.
As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.
All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.
Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.
Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.
Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.
Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.
Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.
Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.
Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.
Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.
Other Sify Stories
Blogger Malik among top 25 web celebs
The rise and rise of Indian investment in UK
Mid & small-cap stocks maintain momentum
MindTree Consulting buys TES
UTI MF to open 53 branches in next 3 months
L&T to invest Rs 1800 cr in oil & gas, port sectors
IDFC Q3 results on Jan 14
iGate Global Q3 results on Jan 9
Parsoli, Moneycontrol in pact for Islamic investment
Jindal Steel gets nod for stock split
PTL Enterprises to split each share into five
Time Technoplast unit buys Bahrain battery maker
A fair demand for bonus shares
Sundaram-Clayton to complete brakes biz demerger by Feb
Indowind issues Rs 118-cr FCCBs
No new entrants in top 10 advance taxpayers’ league
Source: 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.
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run
The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.
As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.
All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.
Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.
Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.
Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.
Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.
Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.
Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.
Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.
Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.
Other Sify Stories
Blogger Malik among top 25 web celebs
The rise and rise of Indian investment in UK
Mid & small-cap stocks maintain momentum
MindTree Consulting buys TES
UTI MF to open 53 branches in next 3 months
L&T to invest Rs 1800 cr in oil & gas, port sectors
IDFC Q3 results on Jan 14
iGate Global Q3 results on Jan 9
Parsoli, Moneycontrol in pact for Islamic investment
Jindal Steel gets nod for stock split
PTL Enterprises to split each share into five
Time Technoplast unit buys Bahrain battery maker
A fair demand for bonus shares
Sundaram-Clayton to complete brakes biz demerger by Feb
Indowind issues Rs 118-cr FCCBs
No new entrants in top 10 advance taxpayers’ league
Source: 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.
26 December 2007
ET Top Stories
http://economictimes.indiatimes.com/
Now, India tops list of top microfinance institutions
Sensex closes above 20,000
Govt earns $9.16 bn from tourism
India needs $150 bn investment in energy sector in 5 years
------------------------------------------------------------
Mukesh trails Anil in creating wealth for investors
Pride Hotels Group plans IPO in 2008
Media looks beyond content code, ad rates & sting ops
Religare Picks: Mercator Lines, KPR Mill
Rural India to spend $3.5 bn on consumer goods
UB group raises stake in Deccan Aviation by 3%
Spa, yoga adding value to Brand India
idream:: ET 2007 Year End Special Issue - Share your dreams with us
India set to mint money for neighbours
India Inc bets big in 2007
Sixty cars that will rock India in 2008
Beating India Inc in market game, PSUs also fought for turf
Videocon plans to generate 5,000 MW power
XL Telecom to enter into power generation
L&T gets orders worth $190 mn
Coal India plans Rs 4,500-cr unit in JV with UP power co
Spice to sell 875 telecom towers
----------------------------------------------------------
India Inc to have easier M&A ride
One-person company is a great prospect for lone entrepreneur
Nominations kick off for next SEBI chief
Stocks to buy: M&M, Jaiprakash Hydro, GMR Infra, TCL
World's top IPO worth $8-bn; India's total worth just $8.3-bn
2008: Newsmakers in the Financial sector
Source: http://economictimes.indiatimes.com/headlines.cms . 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.
Now, India tops list of top microfinance institutions
Sensex closes above 20,000
Govt earns $9.16 bn from tourism
India needs $150 bn investment in energy sector in 5 years
------------------------------------------------------------
Mukesh trails Anil in creating wealth for investors
Pride Hotels Group plans IPO in 2008
Media looks beyond content code, ad rates & sting ops
Religare Picks: Mercator Lines, KPR Mill
Rural India to spend $3.5 bn on consumer goods
UB group raises stake in Deccan Aviation by 3%
Spa, yoga adding value to Brand India
idream:: ET 2007 Year End Special Issue - Share your dreams with us
India set to mint money for neighbours
India Inc bets big in 2007
Sixty cars that will rock India in 2008
Beating India Inc in market game, PSUs also fought for turf
Videocon plans to generate 5,000 MW power
XL Telecom to enter into power generation
L&T gets orders worth $190 mn
Coal India plans Rs 4,500-cr unit in JV with UP power co
Spice to sell 875 telecom towers
----------------------------------------------------------
India Inc to have easier M&A ride
One-person company is a great prospect for lone entrepreneur
Nominations kick off for next SEBI chief
Stocks to buy: M&M, Jaiprakash Hydro, GMR Infra, TCL
World's top IPO worth $8-bn; India's total worth just $8.3-bn
2008: Newsmakers in the Financial sector
Source: http://economictimes.indiatimes.com/headlines.cms . 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 among top performers in 2007
Sensex among top performers in 2007
India's BSE Sensex has been among the top performers in 2007. If we keep China’s Shanghai Composite aside, which has given a return of over 95%, India stands second with a return of 44% just below Jakarta which gave return of 47%. Brazil and Hang Seng gave smart returns of over 40% followed by Korea and Strait Times. Taiwan was almost flat and Nikkei 225 gave negative return of -11.43%.
Also Sensex has been consistent in and has given areturn of over 40% in the last three years. In 2005 it gave a return of over 42% and in 2006 it was up over 46%.
Source: www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India's BSE Sensex has been among the top performers in 2007. If we keep China’s Shanghai Composite aside, which has given a return of over 95%, India stands second with a return of 44% just below Jakarta which gave return of 47%. Brazil and Hang Seng gave smart returns of over 40% followed by Korea and Strait Times. Taiwan was almost flat and Nikkei 225 gave negative return of -11.43%.
Also Sensex has been consistent in and has given areturn of over 40% in the last three years. In 2005 it gave a return of over 42% and in 2006 it was up over 46%.
Source: www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Myiris, Moneycontrol UPdates
Myiris.com
Brokers` Outlook: Market view `bullish` for Thursday
VSNL sells 10% stake of its arm in Sri Lanka for Rs 75 mn
MFs remain net buyers in equities worth Rs 8,301 mn on Dec. 24
Escorts FY07 consolidated loss narrows to Rs 55.10 mn
Refex Refrigerants partners with TV 18
Power sector calls for USD 150 bn investment
Rain Commodities board to consider allotment of shares to Rain Calcining
L&T bags Rs 4.33 bn project of Muscat Golf Course
Mirae Asset to launch Asia Pacific Opportunities Fund
Videocon to foray into power biz; plans USD 5 bn investment
Foreign funds acquire 7.5% stake in India Cements
XL Telecom to enter into power generation segment
Gemini bags order worth Rs 2.6 bn
Usher Agro to raise Rs 1 bn from equity placement
Sun TV launches FM station at Vijayawada
IDFC PE invests Rs 2.6 bn in Goodearth Maritime
Sujana Towers to invest Rs 2.5 bn for growth
SAIL to invest Rs 200 bn in WB
ONGC-Mittal JV wins 2 gas blocks
Gujarat NRE buys Australia-based mine
---------------------------------------------------
Moneycontrol.com
Jan to be good month for mkts, feel experts
Midcap stocks you shouldn't ignore!
Experts still optimistic about IT stocks
Franklin Templeton sees 15% Q1 Sensex growth
How have sectors fared in X’mas–New Yr wk?
Sectoral gainers in last 4 sessions
What to include in your '08 wish list?
Buy Pidilite Industries: Bhambwani
Record flows by FIIs; over $16 bn in...
BoI looks to dilute 5% via QIP
Dabur to foray into milk and fruit-based drinks
Motilal Oswal ranked as having Best Country Research
Indowind Energy completes USD 30mn FCCB
Post-Feb, new disclosure norms for MF holders
Sensex among top performers in 2007
Source: www.myiris.com and www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Brokers` Outlook: Market view `bullish` for Thursday
VSNL sells 10% stake of its arm in Sri Lanka for Rs 75 mn
MFs remain net buyers in equities worth Rs 8,301 mn on Dec. 24
Escorts FY07 consolidated loss narrows to Rs 55.10 mn
Refex Refrigerants partners with TV 18
Power sector calls for USD 150 bn investment
Rain Commodities board to consider allotment of shares to Rain Calcining
L&T bags Rs 4.33 bn project of Muscat Golf Course
Mirae Asset to launch Asia Pacific Opportunities Fund
Videocon to foray into power biz; plans USD 5 bn investment
Foreign funds acquire 7.5% stake in India Cements
XL Telecom to enter into power generation segment
Gemini bags order worth Rs 2.6 bn
Usher Agro to raise Rs 1 bn from equity placement
Sun TV launches FM station at Vijayawada
IDFC PE invests Rs 2.6 bn in Goodearth Maritime
Sujana Towers to invest Rs 2.5 bn for growth
SAIL to invest Rs 200 bn in WB
ONGC-Mittal JV wins 2 gas blocks
Gujarat NRE buys Australia-based mine
---------------------------------------------------
Moneycontrol.com
Jan to be good month for mkts, feel experts
Midcap stocks you shouldn't ignore!
Experts still optimistic about IT stocks
Franklin Templeton sees 15% Q1 Sensex growth
How have sectors fared in X’mas–New Yr wk?
Sectoral gainers in last 4 sessions
What to include in your '08 wish list?
Buy Pidilite Industries: Bhambwani
Record flows by FIIs; over $16 bn in...
BoI looks to dilute 5% via QIP
Dabur to foray into milk and fruit-based drinks
Motilal Oswal ranked as having Best Country Research
Indowind Energy completes USD 30mn FCCB
Post-Feb, new disclosure norms for MF holders
Sensex among top performers in 2007
Source: www.myiris.com and www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
IPOs: India 5th largest market
IPOs: India 5th largest market
Rediff India
Indian bourses saw over $8 billion worth of initial public offers in 2007, but this is just a shade higher than the world's single-largest IPO that was brought by a Russian company, latest data show.
The worldwide IPO activity raised a record capital of $255 billion till November in 2007, including $8.3 billion on Indian bourses, according to data compiled by international consultancy firm Ernst and Young.
India was the fifth largest market in terms of number of IPOs and seventh largest in terms of the proceeds for the year, E&Y said.
There were 95 IPOs in the first 11 months, while the preliminary data for the month of December shows that the total number for the year would be more than 100, it noted. China came tops with total IPO proceeds of $54.4 billion through 222 issues.
Globally, there were as many as 1,739 IPOs between January and November, while another 91 public issues are estimated to have hit the capital markets during December. The largest IPO of the year came from Russia's VTB Bank, which alone raised $8 billion.
In India, the largest IPO of the year was brought by realty giant DLF which raised about Rs 9,187.50 crore (more than $2 billion).
E&Y said the strength of India's economy, stock market, corporate profits and private equity fuelled IPOs in 2007. In the previous year, the market had seen 78 IPOs raising $7.23 billion.
The study said 14 of the top 20 IPOs were from emerging BRIC markets and the surge in Indian IPO activity was a clear reflection of the growth in the Indian economy and the investor's confidence.
Together, the four BRIC countries -- Brazil, Russia, India and China -- have raised $106.5 billion in 382 deals so far this year compared to $89.6 billion raised in 302 deals in the same period of 2006.
Asia-Pacific accounted for 46 per cent of the worldwide IPO league, ahead of Europe, the Middle East, and Africa (EMEA) which together accounted for 35 per cent and North America with 14 per cent.
EMEA and Asia-Pacific have the greatest market share of capital raised with 38 per cent and 32 per cent, respectively, eclipsing North America (16 per cent) and Central and South America (14 per cent).
Despite accounting for only 4 per cent of the total number of IPOs so far this year, HKSE was the leading exchange by capital raised, attracting a 13 per cent market share, mainly due to having some of the year's largest listings, including China CITIC Bank and China Railway.
NYSE was ranked second in terms of capital raised (11 per cent), attracting 3.6 per cent of total listings driven by a number of large US deals, including Blackstone Group and MF Global.
Although only 2 per cent of IPOs through November listed on LSE, it attracted 10 per cent of the capital raised, mainly through a few large Russian deals, including VTB Bank and Pik Group.
Other Rediff stories
5 trends that will transform society
Business highlights 2007
Inter-bank ATM use may be free
B-schools don't make CEOs
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.
Rediff India
Indian bourses saw over $8 billion worth of initial public offers in 2007, but this is just a shade higher than the world's single-largest IPO that was brought by a Russian company, latest data show.
The worldwide IPO activity raised a record capital of $255 billion till November in 2007, including $8.3 billion on Indian bourses, according to data compiled by international consultancy firm Ernst and Young.
India was the fifth largest market in terms of number of IPOs and seventh largest in terms of the proceeds for the year, E&Y said.
There were 95 IPOs in the first 11 months, while the preliminary data for the month of December shows that the total number for the year would be more than 100, it noted. China came tops with total IPO proceeds of $54.4 billion through 222 issues.
Globally, there were as many as 1,739 IPOs between January and November, while another 91 public issues are estimated to have hit the capital markets during December. The largest IPO of the year came from Russia's VTB Bank, which alone raised $8 billion.
In India, the largest IPO of the year was brought by realty giant DLF which raised about Rs 9,187.50 crore (more than $2 billion).
E&Y said the strength of India's economy, stock market, corporate profits and private equity fuelled IPOs in 2007. In the previous year, the market had seen 78 IPOs raising $7.23 billion.
The study said 14 of the top 20 IPOs were from emerging BRIC markets and the surge in Indian IPO activity was a clear reflection of the growth in the Indian economy and the investor's confidence.
Together, the four BRIC countries -- Brazil, Russia, India and China -- have raised $106.5 billion in 382 deals so far this year compared to $89.6 billion raised in 302 deals in the same period of 2006.
Asia-Pacific accounted for 46 per cent of the worldwide IPO league, ahead of Europe, the Middle East, and Africa (EMEA) which together accounted for 35 per cent and North America with 14 per cent.
EMEA and Asia-Pacific have the greatest market share of capital raised with 38 per cent and 32 per cent, respectively, eclipsing North America (16 per cent) and Central and South America (14 per cent).
Despite accounting for only 4 per cent of the total number of IPOs so far this year, HKSE was the leading exchange by capital raised, attracting a 13 per cent market share, mainly due to having some of the year's largest listings, including China CITIC Bank and China Railway.
NYSE was ranked second in terms of capital raised (11 per cent), attracting 3.6 per cent of total listings driven by a number of large US deals, including Blackstone Group and MF Global.
Although only 2 per cent of IPOs through November listed on LSE, it attracted 10 per cent of the capital raised, mainly through a few large Russian deals, including VTB Bank and Pik Group.
Other Rediff stories
5 trends that will transform society
Business highlights 2007
Inter-bank ATM use may be free
B-schools don't make CEOs
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.
Labels:
IPOs: India 5th largest market
Subscribe to:
Posts (Atom)