VCCircle.com
Exclusive: StudyPlaces Secures $3 Million Funding From KPCB, Sherpalo, Info Edge
Motorola Acquires Indian-Founded Digital Music Company Soundbuzz
ICICI Securities May Be Listed
The Blackstone-Ushodaya Deal Mired In Politics
Emaar MGF IPO Still Awaits SEBI Nod
DaimlerChrysler To Pick Up 26% Stake In Sutlej Motors
Citigroup Venture, Reliance MF Make Big Gains From BGR Energy Listing
Jaiprakash Power To Raise PE Money Ahead Of $1 Billion IPO
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IndiaPE.com
Dish TV sells 4.9% stake for Rs 2.5 bn
FIs pick up 10% in Piramal arm Peninsula Land
VC funding set to be billion dollar baby in 2008
VC funds to globalise further
Citigroup PE marks $1.8 bn for India investment in 2008
Advanta India acquires Unicorn Seeds
PE firm JC Flowers buys 36% in Sicom
Dish TV sells 4.9% stake to Indivision
ICICI venture firm acquires Alved Pharma
Essar Power may sell 10% to PE co General Atlantic
VC/PE funding doubles in 2007, touches $14 bn
BCCL picks up stake in Airex Logistics & Express
Source: http://www.vccircle.com and www.indiape.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.
07 January 2008
'The next Google may be from India'
'The next Google may be from India'
Naren Gupta is not new to Indian start-ups. His association with them began way back in 1995 when Draper International, an early stage US venture firm, started building a portfolio in India.
"My association with Bill Draper had me playing an advisory role to Draper International," says Gupta, reminiscing on those 20 investments of a cumulative $40 million that Draper International made in India between 1995 and 2000. The most well-known among them was its fund infusion into Rediff.
But that was then. Today, Gupta is a partner at Nexus India Capital, a venture fund started by him, Sandeep Singhal (ex-eVentures) and Suvir Sujan (ex-Baazee) earlier this year.
"This is my most active involvement with Indian companies," says this Melnopark, California-based managing director of the fund. So what got him to raise a $100 million fund for Indian start-ups? "About 3-4 years ago, I saw a dramatic change taking place in the kind of entrepreneurs coming up in India. They started coming out with break-out ideas that went far beyond call centres and outsourced services. I believe that the success of companies such as Infosys changed mindsets, and made entrepreneurs aware of what could potentially be done out of India," says Gupta.
While Singhal and Sujan are on the ground for Nexus, Gupta flies in once about every two months. "I believe that the next Google, Skype or eBay can come out of India. I don't know when or in what area, but isn't that the beauty of my job?" he says. That should explain his enthusiasm to fund Indian companies, and a list of 10 companies he is eager to meet before he returns to base in California on Tuesday.
His investments so far, in seven companies, have spanned mapping, mobile value added services, voice SMSing, web meeting software and internet infrastructure. He is bullish on such differentiated services which can create intellectual property. For example, CE Infosystems, the mapping company which got Rs 10 crore in funding from Nexus India Capital, provides maps through the internet and mobile, and also sells navigation devices for cars.
Like many others, Gupta is also gung-ho about clean technology.
Unlike most, though, he is also realistic about venture capital in India. "With so many VCs operating, only the smart ones will make money. The returns spectrum will be fairly large, and who knows, the average returns of all VCs in India could turn out to be negative," he says.
Like his partner Sujan, who co-founded Baazee.com, Gupta has also had his brush with entrepreneurship. He is credited with founding embedded software company Integrated Systems in 1980 in the US, taking it public 10 years later, seeing it through its merger with WindRiver Systems in 2000, and serving till date on the new entity's board.
So what's the general feed about India from Silicon Valley-based VCs?
"Those who are knowledgeable about India are very gung-ho. But then again, there are others who think that the skills required to operate in India are entirely different, and they would rather operate, let's say, in China," he said.
But for those like Gupta, who are already in the thick of action here, choc-a-bloc schedules are there for any interviewer to see: before any further questions could be asked, Gupta was pulled into another meeting, this time with a certain Jake - definitely not an Indian entrepreneur, but may be an important nexus to some source of funds.
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.
Naren Gupta is not new to Indian start-ups. His association with them began way back in 1995 when Draper International, an early stage US venture firm, started building a portfolio in India.
"My association with Bill Draper had me playing an advisory role to Draper International," says Gupta, reminiscing on those 20 investments of a cumulative $40 million that Draper International made in India between 1995 and 2000. The most well-known among them was its fund infusion into Rediff.
But that was then. Today, Gupta is a partner at Nexus India Capital, a venture fund started by him, Sandeep Singhal (ex-eVentures) and Suvir Sujan (ex-Baazee) earlier this year.
"This is my most active involvement with Indian companies," says this Melnopark, California-based managing director of the fund. So what got him to raise a $100 million fund for Indian start-ups? "About 3-4 years ago, I saw a dramatic change taking place in the kind of entrepreneurs coming up in India. They started coming out with break-out ideas that went far beyond call centres and outsourced services. I believe that the success of companies such as Infosys changed mindsets, and made entrepreneurs aware of what could potentially be done out of India," says Gupta.
While Singhal and Sujan are on the ground for Nexus, Gupta flies in once about every two months. "I believe that the next Google, Skype or eBay can come out of India. I don't know when or in what area, but isn't that the beauty of my job?" he says. That should explain his enthusiasm to fund Indian companies, and a list of 10 companies he is eager to meet before he returns to base in California on Tuesday.
His investments so far, in seven companies, have spanned mapping, mobile value added services, voice SMSing, web meeting software and internet infrastructure. He is bullish on such differentiated services which can create intellectual property. For example, CE Infosystems, the mapping company which got Rs 10 crore in funding from Nexus India Capital, provides maps through the internet and mobile, and also sells navigation devices for cars.
Like many others, Gupta is also gung-ho about clean technology.
Unlike most, though, he is also realistic about venture capital in India. "With so many VCs operating, only the smart ones will make money. The returns spectrum will be fairly large, and who knows, the average returns of all VCs in India could turn out to be negative," he says.
Like his partner Sujan, who co-founded Baazee.com, Gupta has also had his brush with entrepreneurship. He is credited with founding embedded software company Integrated Systems in 1980 in the US, taking it public 10 years later, seeing it through its merger with WindRiver Systems in 2000, and serving till date on the new entity's board.
So what's the general feed about India from Silicon Valley-based VCs?
"Those who are knowledgeable about India are very gung-ho. But then again, there are others who think that the skills required to operate in India are entirely different, and they would rather operate, let's say, in China," he said.
But for those like Gupta, who are already in the thick of action here, choc-a-bloc schedules are there for any interviewer to see: before any further questions could be asked, Gupta was pulled into another meeting, this time with a certain Jake - definitely not an Indian entrepreneur, but may be an important nexus to some source of funds.
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 gains 126 pts, ends at a new high : Sify
Sensex gains 126 pts, ends at a new high
As buying remained quite selective with regard to large cap stocks, not many stocks from the Sensex moved into the positive territory today. However, gains posted by a few blue chips proved sharp enough to lift the Sensex to a new intra-day high of 20,861.83 this afternoon.
Earlier, with weak global markets triggering a sell-off in front line stocks, the Sensex had tumbled to 20,438.19, recording a loss of nearly 250 points in opening trade this morning. After bouncing back smartly, the Sensex remained a bit choppy for about a couple of hours before moving on to higher levels. It finally ended the session with a handsome gain of 125.76 points or 0.61% at 20,812.65.
The Nifty, which remained in the red for a better part of the session today as its non-Sensex components struggled for support, settled with a small gain of 4.80 points at 6279.10. In intra-day trades today, the Nifty touched a low of 6193.35 and a high of 6289.80.
ICICI Bank opened on a weak note but bounced back soon in a telling fashion. It held its course in the positive territory right through and was up by nearly 6.15% over its previous closing price when trade ended for the day. FMCG heavyweights ITC and Hindustan Unilever closed higher by 5.3% and 2.55% respectively.
Reliance Communications (3.95%), Reliance Energy (2.95%), DLF (2.1%) and heavyweight Reliance Industries (1%) also contributed to the positive close of the Sensex. Larsen & Toubro, State Bank of India and Tata Motors chipped in with modest gains. ACC and HDFC ended marginally higher than their previous closing levels.
Amid growing fears of a US recession, IT stocks had another weak outing. Sector bellwether Infosys Technologies eased by 3.35%. Tata Consultancy Services and Wipro went down by 2.8% and 2.7% respectively while Satyam Computer Services lost a little over 2%.
ONGC declined 3.25% to Rs 1299.95. HDFC Bank lost 2.35%. Grasim Industries (down 2.2%), Bajaj Auto (down 1.9%), Mahindra & Mahindra (1.5%), BHEL (1.4%), Hindalco (down 1.25%), Bharti Airtel (down 1.2%), NTPC (down 1.05%), Ranbaxy Laboratories (down 1.05%) ended with sharp losses. Ambuja Cements, Tata Steel, Cipla and Maruti Suzuki also closed on a weak note.
Suzlon Energy, which shot up by 6.8%, was the top gainer from the Nifty pack. Siemens notched up an impressive gain of 3.4%. Unitech, Reliance Petroleum, Sun Pharmaceuticals, Sterlite Industries, Idea Cellular, Nalco and GlaxoSmithKline Pharma also closed in the positive territory.
HCL Technologies, VSNL, GAIL India, BPCL, Dr Reddy's Laboratories, Punjab National Bank, SAIL, Zee Entertainment and Tata Power ended with sharp losses today.
Reliance Natural Resources (9.15%) rose on strong volumes. With a turnover of Rs 1490.70 crore, the stock ruled the chart on the National Stock Exchange today. IFCI (4.15%) and Parsvnath Developers (8.75%) also moved up on impressive volumes.
The market breadth was marginally positive. Out of 2926 stocks traded on BSE, 1572 stocks closed with gains. 1338 stocks ended with losses and 16 stocks ended at their previous closing levels.
Sensex races towards 21K, adds 125
Sensex may cross 27000 in first half of
Sensex rises on bank, FMCG gains
Other Sify Stories:
Marksans Pharma buys Hale
Eicher Motors Dec sales up 2.7%
Decoupling test awaits Indian bourses
'India is fastest growing market for telecom'
Sify Technologies unveils new logo & identity
Indiabulls Financial to raise up to $1 b
Ashok Leyland vehicle sales up 8% in December
Sugar cos up on firm sugar futures in US
SEL Manufacturing Co buys garment unit
Reliance Energy Q3 results on Jan 17
Cranes Software gains on US co buy
Suzlon Energy arm in Denmark bags order
L&T gets order worth Rs 1,300 cr from Cairn
'The next Google may be from India'
Source: www.sify.com/finance. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
As buying remained quite selective with regard to large cap stocks, not many stocks from the Sensex moved into the positive territory today. However, gains posted by a few blue chips proved sharp enough to lift the Sensex to a new intra-day high of 20,861.83 this afternoon.
Earlier, with weak global markets triggering a sell-off in front line stocks, the Sensex had tumbled to 20,438.19, recording a loss of nearly 250 points in opening trade this morning. After bouncing back smartly, the Sensex remained a bit choppy for about a couple of hours before moving on to higher levels. It finally ended the session with a handsome gain of 125.76 points or 0.61% at 20,812.65.
The Nifty, which remained in the red for a better part of the session today as its non-Sensex components struggled for support, settled with a small gain of 4.80 points at 6279.10. In intra-day trades today, the Nifty touched a low of 6193.35 and a high of 6289.80.
ICICI Bank opened on a weak note but bounced back soon in a telling fashion. It held its course in the positive territory right through and was up by nearly 6.15% over its previous closing price when trade ended for the day. FMCG heavyweights ITC and Hindustan Unilever closed higher by 5.3% and 2.55% respectively.
Reliance Communications (3.95%), Reliance Energy (2.95%), DLF (2.1%) and heavyweight Reliance Industries (1%) also contributed to the positive close of the Sensex. Larsen & Toubro, State Bank of India and Tata Motors chipped in with modest gains. ACC and HDFC ended marginally higher than their previous closing levels.
Amid growing fears of a US recession, IT stocks had another weak outing. Sector bellwether Infosys Technologies eased by 3.35%. Tata Consultancy Services and Wipro went down by 2.8% and 2.7% respectively while Satyam Computer Services lost a little over 2%.
ONGC declined 3.25% to Rs 1299.95. HDFC Bank lost 2.35%. Grasim Industries (down 2.2%), Bajaj Auto (down 1.9%), Mahindra & Mahindra (1.5%), BHEL (1.4%), Hindalco (down 1.25%), Bharti Airtel (down 1.2%), NTPC (down 1.05%), Ranbaxy Laboratories (down 1.05%) ended with sharp losses. Ambuja Cements, Tata Steel, Cipla and Maruti Suzuki also closed on a weak note.
Suzlon Energy, which shot up by 6.8%, was the top gainer from the Nifty pack. Siemens notched up an impressive gain of 3.4%. Unitech, Reliance Petroleum, Sun Pharmaceuticals, Sterlite Industries, Idea Cellular, Nalco and GlaxoSmithKline Pharma also closed in the positive territory.
HCL Technologies, VSNL, GAIL India, BPCL, Dr Reddy's Laboratories, Punjab National Bank, SAIL, Zee Entertainment and Tata Power ended with sharp losses today.
Reliance Natural Resources (9.15%) rose on strong volumes. With a turnover of Rs 1490.70 crore, the stock ruled the chart on the National Stock Exchange today. IFCI (4.15%) and Parsvnath Developers (8.75%) also moved up on impressive volumes.
The market breadth was marginally positive. Out of 2926 stocks traded on BSE, 1572 stocks closed with gains. 1338 stocks ended with losses and 16 stocks ended at their previous closing levels.
Sensex races towards 21K, adds 125
Sensex may cross 27000 in first half of
Sensex rises on bank, FMCG gains
Other Sify Stories:
Marksans Pharma buys Hale
Eicher Motors Dec sales up 2.7%
Decoupling test awaits Indian bourses
'India is fastest growing market for telecom'
Sify Technologies unveils new logo & identity
Indiabulls Financial to raise up to $1 b
Ashok Leyland vehicle sales up 8% in December
Sugar cos up on firm sugar futures in US
SEL Manufacturing Co buys garment unit
Reliance Energy Q3 results on Jan 17
Cranes Software gains on US co buy
Suzlon Energy arm in Denmark bags order
L&T gets order worth Rs 1,300 cr from Cairn
'The next Google may be from India'
Source: www.sify.com/finance. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
06 January 2008
ET Headlines
http://economictimes.indiatimes.com/
Tata Steel expects $25 bn global turnover
Celebrate, but watch out for party poopers
Shaping India's growth story
Now, invest directly and earn more
VC funds to globalise further
'There are many winning themes in India'
--------------------------------------------------
Challenges for India Inc's best
ADAG in talks with global firms for equipment manufacturing
UTI Mutual Fund is 2nd biggest in India
Builders bullish about realty in '08
Indian art may rule the scene in '08
Options available for investors in MFs
Parsvnath Developers receive LoI
Emerging trends to watch out for in 2008
Canara Bank may make acquisition this year: Rao
Reliance to foray into foreign soil for power generation
India's fastest growing market:HSBC
Bulls likely to stage come back next week: Bharat Dalal
RBI allows FIIs to purchase equity of Zee News
Private cos line up IPOs worth $10 bn in power sector
-----------------------------------------
ET Features
Investor's Guide
Nifty breaks out amid caution
Bullishness in gold prices may spill over in 2008
Investors can book profits in eClerx Services
Investors benefit when consumers spend on luxury
Bull run in banking & financial sector to continue in 2008
Bull run and Indiabs consumption story
Investors can continue to hold BGR Energy
2008 may mark a turning point in primary market
Media companies benefit in a growing economy
Investment opportunities in various infrastructure sectors
Stocks for long-term investments in 2008
---------------------------------------------
Now, invest directly and earn more
Tips to plan equity based wealth creation portfolio
Why Indian stock market is affected by global economy?
Entry fee exemption on direct mutual fund is good
Indian equity markets continue to ride despite weak global cues
Unit linked insurance plans is tax saving tool
Will Indian market outshine global peers in 2008?
Issuance of bonus shares & declaration of bonus ratio
Source: Above blogs/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.
Tata Steel expects $25 bn global turnover
Celebrate, but watch out for party poopers
Shaping India's growth story
Now, invest directly and earn more
VC funds to globalise further
'There are many winning themes in India'
--------------------------------------------------
Challenges for India Inc's best
ADAG in talks with global firms for equipment manufacturing
UTI Mutual Fund is 2nd biggest in India
Builders bullish about realty in '08
Indian art may rule the scene in '08
Options available for investors in MFs
Parsvnath Developers receive LoI
Emerging trends to watch out for in 2008
Canara Bank may make acquisition this year: Rao
Reliance to foray into foreign soil for power generation
India's fastest growing market:HSBC
Bulls likely to stage come back next week: Bharat Dalal
RBI allows FIIs to purchase equity of Zee News
Private cos line up IPOs worth $10 bn in power sector
-----------------------------------------
ET Features
Investor's Guide
Nifty breaks out amid caution
Bullishness in gold prices may spill over in 2008
Investors can book profits in eClerx Services
Investors benefit when consumers spend on luxury
Bull run in banking & financial sector to continue in 2008
Bull run and Indiabs consumption story
Investors can continue to hold BGR Energy
2008 may mark a turning point in primary market
Media companies benefit in a growing economy
Investment opportunities in various infrastructure sectors
Stocks for long-term investments in 2008
---------------------------------------------
Now, invest directly and earn more
Tips to plan equity based wealth creation portfolio
Why Indian stock market is affected by global economy?
Entry fee exemption on direct mutual fund is good
Indian equity markets continue to ride despite weak global cues
Unit linked insurance plans is tax saving tool
Will Indian market outshine global peers in 2008?
Issuance of bonus shares & declaration of bonus ratio
Source: Above blogs/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.
Deadpresident blog updates
http://deadpresident.blogspot.com
Weekly Track Report - Jan 7 2008
Weekly Technicals - Jan 7 2008
Figures about the market in 2007
India Market Strategy 2008
No Entry Load on Mutual Funds
Celestial Labs
Weekly Review
Q3FY08 Results Preview
India Market Outlook 2008
Stock trends for 2008
Market remains bullish
Nestle India: Buy
FirstSource Solutions
Gremach Infrastructure
Source: Above blogs/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.
Weekly Track Report - Jan 7 2008
Weekly Technicals - Jan 7 2008
Figures about the market in 2007
India Market Strategy 2008
No Entry Load on Mutual Funds
Celestial Labs
Weekly Review
Q3FY08 Results Preview
India Market Outlook 2008
Stock trends for 2008
Market remains bullish
Nestle India: Buy
FirstSource Solutions
Gremach Infrastructure
Source: Above blogs/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.
BusinessLine Stories
http://businessline.in/
Jet finalising sale of 5% of promoters’ equity
N-power: Govt may look at Africa for uranium supplies
Caparo group to invest Rs 3,500 cr in AP
Nestle India: Buy
Index Outlook
Stock trends to look out for in 2008
Hits and misses of 2007
Wockhardt: Buy
Tax-saving funds for your portfolio
Firstsource Solutions: Hold
Gremach Infrastructure: Buy
Subros: Buy
NEW FUND OFFER
Fund Update
The toppers in the satisfaction index
ABN Amro Equity Fund: Hold
Tax-saving funds for your portfolio
Query Corner
Trader's Corner
TVS Flame 125: Firing on all cylinders
ICICI Pru Life Stage pension Plan
Bringing markets to a boil
Prominent bulk deals on NSE & BSE
Baskets of X
Bull's Eye
Money Talk
Source: http://businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Jet finalising sale of 5% of promoters’ equity
N-power: Govt may look at Africa for uranium supplies
Caparo group to invest Rs 3,500 cr in AP
Nestle India: Buy
Index Outlook
Stock trends to look out for in 2008
Hits and misses of 2007
Wockhardt: Buy
Tax-saving funds for your portfolio
Firstsource Solutions: Hold
Gremach Infrastructure: Buy
Subros: Buy
NEW FUND OFFER
Fund Update
The toppers in the satisfaction index
ABN Amro Equity Fund: Hold
Tax-saving funds for your portfolio
Query Corner
Trader's Corner
TVS Flame 125: Firing on all cylinders
ICICI Pru Life Stage pension Plan
Bringing markets to a boil
Prominent bulk deals on NSE & BSE
Baskets of X
Bull's Eye
Money Talk
Source: http://businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
VC funding set to be billion dollar baby in 2008: ET
VC funding set to be billion dollar baby in 2008
The year 2008 is slated to be an interesting year for entrepreneurs and venture capitalists alike. With a mobile subscriber population of over 200 million and a growing internet penetration base, growing middle class and over 70 million TV and satellite homes, entrepreneurs are coming up with innovative ideas and VCs are not stopping short of funding them. In 2007, VC funding in start-ups in India just stopped short of $900 million. In 2008, the VC industry is slated to become worth over $1 billion. And interestingly, it will not be run-of-the-mill IT services. In fact, in a distinct shift, VCs will shy away from investing in IT outsourcing and BPO start-ups due to the rise in value of the rupee. Hottest areas for tech start-ups in 2008
Sector %
Mobile Data Services 13
Online Education 12
E-commerce/M-commerce 12
Online Financial Services 11
Digital Entertainment 11
Gaming 8
Local language internet 8
Search(Web/Local) 7
Ad Networks 6
Enterprise Technology 5
Social Networking 4
Online Travel 3
BPO/KPO 1
Others 1
However, consumer businesses revolving around online education, personal gaming, mobile advertising and payments businesses will gain momentum, thanks to the great Indian middle class. Tax breaks to IT and BPO companies are ending in 2009. Unless that gets revived in the Budget this year, VC investments in the tech outsourcing start-ups will decline. “However, investments in high-end KPO kind of services like analytics, research and legal outsourcing will continue to see traction. But dollar-driven businesses will surely see a decline of VC interest,” says Alok Mittal of Canaan Partners, which is focusing on investing in innovative consumer-driven businesses.
In respect of outsourcing, domain-driven services will attract VC interest, feel experts. Travel, online matrimony and job site market is saturated but some interesting ideas in these areas are sure to attract the VC eyeballs. Retail may also gain momentum when FDI regulations get relaxed. The sector will see greater VC funding. Another interesting trend will be seeing a few teams from top tech companies getting together to start their own venture funds. In terms of mobile VAS sector, the traditional ringtone and caller tune business is passé. GPRS and 3G services companies will gain momentum. But funding in top traditional VAS companies will continue. Digital entertainment and fantasy gaming will also entice investors. Findings of a poll conducted by VentureWoods, an Indian VC networking site (Figures in %) .
Also Read
VC funds to globalise further
Tap fledgling microfinance business
VC/PE funding doubles in 2007, touches $14 bn
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.
The year 2008 is slated to be an interesting year for entrepreneurs and venture capitalists alike. With a mobile subscriber population of over 200 million and a growing internet penetration base, growing middle class and over 70 million TV and satellite homes, entrepreneurs are coming up with innovative ideas and VCs are not stopping short of funding them. In 2007, VC funding in start-ups in India just stopped short of $900 million. In 2008, the VC industry is slated to become worth over $1 billion. And interestingly, it will not be run-of-the-mill IT services. In fact, in a distinct shift, VCs will shy away from investing in IT outsourcing and BPO start-ups due to the rise in value of the rupee. Hottest areas for tech start-ups in 2008
Sector %
Mobile Data Services 13
Online Education 12
E-commerce/M-commerce 12
Online Financial Services 11
Digital Entertainment 11
Gaming 8
Local language internet 8
Search(Web/Local) 7
Ad Networks 6
Enterprise Technology 5
Social Networking 4
Online Travel 3
BPO/KPO 1
Others 1
However, consumer businesses revolving around online education, personal gaming, mobile advertising and payments businesses will gain momentum, thanks to the great Indian middle class. Tax breaks to IT and BPO companies are ending in 2009. Unless that gets revived in the Budget this year, VC investments in the tech outsourcing start-ups will decline. “However, investments in high-end KPO kind of services like analytics, research and legal outsourcing will continue to see traction. But dollar-driven businesses will surely see a decline of VC interest,” says Alok Mittal of Canaan Partners, which is focusing on investing in innovative consumer-driven businesses.
In respect of outsourcing, domain-driven services will attract VC interest, feel experts. Travel, online matrimony and job site market is saturated but some interesting ideas in these areas are sure to attract the VC eyeballs. Retail may also gain momentum when FDI regulations get relaxed. The sector will see greater VC funding. Another interesting trend will be seeing a few teams from top tech companies getting together to start their own venture funds. In terms of mobile VAS sector, the traditional ringtone and caller tune business is passé. GPRS and 3G services companies will gain momentum. But funding in top traditional VAS companies will continue. Digital entertainment and fantasy gaming will also entice investors. Findings of a poll conducted by VentureWoods, an Indian VC networking site (Figures in %) .
Also Read
VC funds to globalise further
Tap fledgling microfinance business
VC/PE funding doubles in 2007, touches $14 bn
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.
Sensex targets for 2008 : ET
Sensexbs targets for 2008
The current bull run on the Indian bourses has surprised even the most optimistic analysts and has made a mockery of all predicted targets. Although the market has seen substantial value-based corrections — the one after the NDA debacle in May ’04, the commodity-led correction in May-June ’06 and last year’s sub-prime related correction — it has consistently managed to shrug off these setbacks and bounce back to make newer highs.
It has also made a fool out of all those who have used these corrections to write a bull obituary. So, as the bull market enters its fifth year, we set out on the arduous task of finding out the possible targets for the Sensex in ’08. In the process, we stumbled upon a certain method of technical analysis based on Fibonacci ratios, which have seen considerable success in finding the annual targets of the Sensex in the past. To put the method in place, we considered the Sensex’s monthly charts in a calendar year.
We then subtracted the lowest monthly closing from the highest monthly closing, taking into account the Sensex levels at the end of each month. This difference gave us the range for that particular year. We then multiplied this range with the Fibonacci ratios of 0.382, 0.618, 1 and 1.618 to get various multiples. Then these multiples were added to the tops and subtracted from the bottoms of that particular year to give us the targets and supports for the next year. For example, the highest and lowest monthly closes for the Sensex in ’04 were 6602.69 in December and 4759.62 in May, giving us a range of 1843.07.
This value of 1843.07 multiplied to the Fibonacci ratio of 1.682 gives us 2982.08. And 2982.08 added to the highest monthly close of ’04, i.e. 6602.69 gives us 9584.77, which is strikingly close to the top we saw in ’05, i.e. 9442.98. LOOKING AHEAD As we can see from the table below, at least one among these Fibonacci ratios has given us a target that is in a range of +/- 5% of the final realised value of the Sensex.
Taking this calculation forward, the highest monthly close of the Sensex in ’07 was 20286.99 in December. Similarly, the lowest monthly closing value was 12938.09 in February, giving us a range of 7348.9. If we multiply this range to the various Fibonacci ratios like 0.382, 0.618,1 and 1.618, the corresponding multiples are 2807.28, 4541.62, 7348.9 and 11890.52 respectively. So, in order to find the Sensex targets for ’08, we added these multiples to the highest monthly closing of the Sensex in ’07, i.e. 20286.99.
So, the possible targets of the Sensex in the year ’08 at 0.382, 0.618, 1 and 1.618 Fibonacci ratios are 23094.27, 24828.61, 27635.89 and hold your breath, 32177.51, respectively. SHOW ME THE BRAKES However, as the market keeps heading northwards, the margin of safety keeps getting smaller for an investor. This further enhances the importance of an appropriate stop loss. In order to find that for the Sensex, we looked into various technical indicators, besides the ones based on the above-mentioned Fibonacci ratios.
The stop-loss level for the Sensex will vary from trader to trader based on his/her trading horizon. For a very short-term trader, the stop loss will be the rising trend line joining the bottoms made on October 22, November 22 and December 19. This value is roughly around the 19400 mark at close on December 31.
On the other hand, a long-term investor can use the simple 200-day moving average (DMA) as a stop-loss level, which at close on December 31, was at 15995. Just how important this 200 DMA is for the overall continuation of the bull market can be gauged from the fact that after languishing below the 200 DMA for a long time, the Sensex moved above it in May-June ’03, signalling the beginning of the bull market. In the subsequent years, this 200 DMA has provided the market stunning support and has been broken only twice — during the NDA debacle in May ’04 and the commodity-led crash of May ’06.
However, on both these occasions, the market has managed to bounce back above it to signal the continuation of the bull market. Moreover, the Sensex has got support and bounced back from the 200 DMA on many other occasions, including during the recent subprime-related crash. So, a decisive close below it, in all probabilities, will signal the end of the bull market.
However, for a more optimistic investor, the final level to watch out for is the lowest monthly close in ’07 — 12938.09 in February. A close below this will mean that the Sensex will have made a lower low for the first time since the beginning of the current bull run, signalling its end. Another point to consider is that post the April ’92 peak of around 4500, the Sensex spent 11 long and painful years in a consolidation mode with several bottoms around the 3000 mark.
Although it tried to break out of this range and even managed to make a new high in late 1999, early ’00, this break-out proved out to be a false one and it once again slid to make three more bottoms around the 3000 mark. The real break-out came in June ’03 when the Sensex said a final good bye to the 3000 mark and set out for the sky. A break-out from an 11-12 year consolidation is generally seen as a very powerful break-out and the ensuing uptrend can last for many years, if not decades. Moreover, the fact that the Sensex has continuously made higher tops and higher bottoms suggests that the bull run is strongly in place.
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.
The current bull run on the Indian bourses has surprised even the most optimistic analysts and has made a mockery of all predicted targets. Although the market has seen substantial value-based corrections — the one after the NDA debacle in May ’04, the commodity-led correction in May-June ’06 and last year’s sub-prime related correction — it has consistently managed to shrug off these setbacks and bounce back to make newer highs.
It has also made a fool out of all those who have used these corrections to write a bull obituary. So, as the bull market enters its fifth year, we set out on the arduous task of finding out the possible targets for the Sensex in ’08. In the process, we stumbled upon a certain method of technical analysis based on Fibonacci ratios, which have seen considerable success in finding the annual targets of the Sensex in the past. To put the method in place, we considered the Sensex’s monthly charts in a calendar year.
We then subtracted the lowest monthly closing from the highest monthly closing, taking into account the Sensex levels at the end of each month. This difference gave us the range for that particular year. We then multiplied this range with the Fibonacci ratios of 0.382, 0.618, 1 and 1.618 to get various multiples. Then these multiples were added to the tops and subtracted from the bottoms of that particular year to give us the targets and supports for the next year. For example, the highest and lowest monthly closes for the Sensex in ’04 were 6602.69 in December and 4759.62 in May, giving us a range of 1843.07.
This value of 1843.07 multiplied to the Fibonacci ratio of 1.682 gives us 2982.08. And 2982.08 added to the highest monthly close of ’04, i.e. 6602.69 gives us 9584.77, which is strikingly close to the top we saw in ’05, i.e. 9442.98. LOOKING AHEAD As we can see from the table below, at least one among these Fibonacci ratios has given us a target that is in a range of +/- 5% of the final realised value of the Sensex.
Taking this calculation forward, the highest monthly close of the Sensex in ’07 was 20286.99 in December. Similarly, the lowest monthly closing value was 12938.09 in February, giving us a range of 7348.9. If we multiply this range to the various Fibonacci ratios like 0.382, 0.618,1 and 1.618, the corresponding multiples are 2807.28, 4541.62, 7348.9 and 11890.52 respectively. So, in order to find the Sensex targets for ’08, we added these multiples to the highest monthly closing of the Sensex in ’07, i.e. 20286.99.
So, the possible targets of the Sensex in the year ’08 at 0.382, 0.618, 1 and 1.618 Fibonacci ratios are 23094.27, 24828.61, 27635.89 and hold your breath, 32177.51, respectively. SHOW ME THE BRAKES However, as the market keeps heading northwards, the margin of safety keeps getting smaller for an investor. This further enhances the importance of an appropriate stop loss. In order to find that for the Sensex, we looked into various technical indicators, besides the ones based on the above-mentioned Fibonacci ratios.
The stop-loss level for the Sensex will vary from trader to trader based on his/her trading horizon. For a very short-term trader, the stop loss will be the rising trend line joining the bottoms made on October 22, November 22 and December 19. This value is roughly around the 19400 mark at close on December 31.
On the other hand, a long-term investor can use the simple 200-day moving average (DMA) as a stop-loss level, which at close on December 31, was at 15995. Just how important this 200 DMA is for the overall continuation of the bull market can be gauged from the fact that after languishing below the 200 DMA for a long time, the Sensex moved above it in May-June ’03, signalling the beginning of the bull market. In the subsequent years, this 200 DMA has provided the market stunning support and has been broken only twice — during the NDA debacle in May ’04 and the commodity-led crash of May ’06.
However, on both these occasions, the market has managed to bounce back above it to signal the continuation of the bull market. Moreover, the Sensex has got support and bounced back from the 200 DMA on many other occasions, including during the recent subprime-related crash. So, a decisive close below it, in all probabilities, will signal the end of the bull market.
However, for a more optimistic investor, the final level to watch out for is the lowest monthly close in ’07 — 12938.09 in February. A close below this will mean that the Sensex will have made a lower low for the first time since the beginning of the current bull run, signalling its end. Another point to consider is that post the April ’92 peak of around 4500, the Sensex spent 11 long and painful years in a consolidation mode with several bottoms around the 3000 mark.
Although it tried to break out of this range and even managed to make a new high in late 1999, early ’00, this break-out proved out to be a false one and it once again slid to make three more bottoms around the 3000 mark. The real break-out came in June ’03 when the Sensex said a final good bye to the 3000 mark and set out for the sky. A break-out from an 11-12 year consolidation is generally seen as a very powerful break-out and the ensuing uptrend can last for many years, if not decades. Moreover, the fact that the Sensex has continuously made higher tops and higher bottoms suggests that the bull run is strongly in place.
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.
05 January 2008
ET Top Stories
http://economictimes.indiatimes.com
Bulls likely to stage come back next week: Bharat Dalal
Anil Ambani seeks divine blessings prior to IPO launch
RBI allows FIIs to purchase equity of Zee News
-----------------------------------------------------
Tata Steel to begin construction of 6 MT steel plant
Hampshire Hotels to invest Rs 5,000 cr in India
TN announces pongal bonus for employees
Jyoti Basu supports Buddhadeb's view on capitalism
Billion dollar IT outsourcing deals to decline in '08
Video parlours biggest threat to Indian film industry
Salem to become total banking district before April
Rajinikanth replaces Shah Rukh Khan in India's costliest movie
Singapore's Changi eyes stakes in 10-15 Asian airports
VC/PE funding doubles in 2007, touches $14 bn
Allow cable operators, ISPs to offer Net TV: TRAI
Collecting & preserving brochures and posters of theatres
SAIL eyes JVs for coking coal projects in India, abroad
Bush weighs stimulus package to put economy back on track
Forex kitty swells $2.8b to $276 bn
Stocks to buy: Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steels
No takers for Indian Depository Receipts, i-bankers blame it on lack of will
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.
Bulls likely to stage come back next week: Bharat Dalal
Anil Ambani seeks divine blessings prior to IPO launch
RBI allows FIIs to purchase equity of Zee News
-----------------------------------------------------
Tata Steel to begin construction of 6 MT steel plant
Hampshire Hotels to invest Rs 5,000 cr in India
TN announces pongal bonus for employees
Jyoti Basu supports Buddhadeb's view on capitalism
Billion dollar IT outsourcing deals to decline in '08
Video parlours biggest threat to Indian film industry
Salem to become total banking district before April
Rajinikanth replaces Shah Rukh Khan in India's costliest movie
Singapore's Changi eyes stakes in 10-15 Asian airports
VC/PE funding doubles in 2007, touches $14 bn
Allow cable operators, ISPs to offer Net TV: TRAI
Collecting & preserving brochures and posters of theatres
SAIL eyes JVs for coking coal projects in India, abroad
Bush weighs stimulus package to put economy back on track
Forex kitty swells $2.8b to $276 bn
Stocks to buy: Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steels
No takers for Indian Depository Receipts, i-bankers blame it on lack of will
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.
VC/PE funding doubles in 2007, touches $14 bn: ET
VC/PE funding doubles in 2007, touches $14 bn
BANGALORE: The Indian VC/PE juggernaut keeps rolling. VC/PE investments into the country in 2007 have touched $14.2 billion, almost double of what it clocked in 2006 at $7.5 billion. The number of deals stood at 390 compared to 299 deals in 2006.
The figure of $14.2 billion does not include Temasek’s investment of $1 billion in Bharti Infratel announced late in December 2007. It also excludes real estate investments. According to Venture Intelligence India, which tracks VC/PE investments in India and compiles the data for Indian Venture Capital Association, VC investments (seed, early stage and growth capital) accounted for $560 million across 100 deals in 2007.
IT/ITeS accounted for 70% of the deals, healthcare & lifesciences 10% while other hot sectors were media, telecom, retail and food & beverages. The average deal size rose to $37 million in 2007 compared to $25 million in 2006. VC investments’ contribution though has decreased to less than 5% from 35% of total investments the previous year.
This is mainly due to the increase in mega deals (over $200 million investments) in 2007. Arun Natarajan of Venture Intelligence said, “we saw eight mega deals in 2007 compared to four in 2006. These include the over $760-million investment by Carlyle and Citigroup, Dubai International Capital’s buying 2.87% stake in ICICI Bank and NSE’s stake sale to various investors like NYSE, Goldman Sachs, General Atlantic and Actis.”
The surge of mega deals in the financial sector has put BFSI sector as the numero uno segment as far as value goes accounting for about $4 billion in investments. However in terms of deals, BFSI was in third spot with 50 deals. IT/ITeS ranked first in number of deals with 91 deals valued at $1 billion while manufacturing saw 60 deals with a value of $1.6 billion. It has to be said here that 70% of the IT/ITeS deals were VC investments.
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.
BANGALORE: The Indian VC/PE juggernaut keeps rolling. VC/PE investments into the country in 2007 have touched $14.2 billion, almost double of what it clocked in 2006 at $7.5 billion. The number of deals stood at 390 compared to 299 deals in 2006.
The figure of $14.2 billion does not include Temasek’s investment of $1 billion in Bharti Infratel announced late in December 2007. It also excludes real estate investments. According to Venture Intelligence India, which tracks VC/PE investments in India and compiles the data for Indian Venture Capital Association, VC investments (seed, early stage and growth capital) accounted for $560 million across 100 deals in 2007.
IT/ITeS accounted for 70% of the deals, healthcare & lifesciences 10% while other hot sectors were media, telecom, retail and food & beverages. The average deal size rose to $37 million in 2007 compared to $25 million in 2006. VC investments’ contribution though has decreased to less than 5% from 35% of total investments the previous year.
This is mainly due to the increase in mega deals (over $200 million investments) in 2007. Arun Natarajan of Venture Intelligence said, “we saw eight mega deals in 2007 compared to four in 2006. These include the over $760-million investment by Carlyle and Citigroup, Dubai International Capital’s buying 2.87% stake in ICICI Bank and NSE’s stake sale to various investors like NYSE, Goldman Sachs, General Atlantic and Actis.”
The surge of mega deals in the financial sector has put BFSI sector as the numero uno segment as far as value goes accounting for about $4 billion in investments. However in terms of deals, BFSI was in third spot with 50 deals. IT/ITeS ranked first in number of deals with 91 deals valued at $1 billion while manufacturing saw 60 deals with a value of $1.6 billion. It has to be said here that 70% of the IT/ITeS deals were VC investments.
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.
BusinessWorld Magazine Articles
http://www.businessworld.in/content/section/5/27
Volume 27 Issue 34.
For the week 8-14 January 2008,
Released on 7 December 2008.
COVER STORY
Profile
Tatas’ Titan
Interview: Ratan Tata, chairman, Tata Group
‘The Mindset Has Changed’
Corporate
Eyes On The World
----------------------------------
IN THE NEWS
Regulators
To Each His Own
Banking
Switching Trouble
Media
Shoring Up Valuations
Commodities
Bullion Express
----------------------------------
IN DEPTH
Stockmarket
The Stakes Are High
Universal Access
A Bumpy Ride
Philanthropy
Charity As Enterprise
Finance
New Risks, New Roles
Auto
Automobiles Exposed
Tech Talk
That Sweet Spot
-----------------------------------------------------------
Source: http://www.businessworld.in/content/section/5/27. 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.
Volume 27 Issue 34.
For the week 8-14 January 2008,
Released on 7 December 2008.
COVER STORY
Profile
Tatas’ Titan
Interview: Ratan Tata, chairman, Tata Group
‘The Mindset Has Changed’
Corporate
Eyes On The World
----------------------------------
IN THE NEWS
Regulators
To Each His Own
Banking
Switching Trouble
Media
Shoring Up Valuations
Commodities
Bullion Express
----------------------------------
IN DEPTH
Stockmarket
The Stakes Are High
Universal Access
A Bumpy Ride
Philanthropy
Charity As Enterprise
Finance
New Risks, New Roles
Auto
Automobiles Exposed
Tech Talk
That Sweet Spot
-----------------------------------------------------------
Source: http://www.businessworld.in/content/section/5/27. 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:
BusinessWorld Magazine Articles
MoneyToday (Jan 10,2008) Magazine Articles
Money Today
Latest Issue January 10, 2008
Cover Story
All about global investing
Tanvi Varma and Narayan Krishnamurthy
For over a decade, Indians have been global consumers. It’s time to take the first step to becoming global investors. We show you the options abroad.
Now & Then
Public good
Let's take a closer look at how inflation affects your finances.
My Idea
Wealth from health
A physician by profession, Tarun Sahni, 49, runs a sports academy on weekends.
Sector Scenario
A powerful story
Ask Securities is bullish on the power transmission and distribution sector and expects some power-packed performances in the coming years.
Query Corner
I wish to save Rs 20 lakh...
Congratulations to you on several counts. Firstly, you have a very clear vision of your financial goals. You will do well to start investing for these goals right away.
Upfront
Big isn't the best
Many of us have problems with our mutual fund agent — the dealer or distributor who mis-sold a fund. Can you change your fund agent without surrendering the policy you bought through him? Find out.
Talk Back
Please suggest some good schemes for short and long term
It will be incorrect to suggest names of mutual funds without ascertaining their suitability to an individual's investor profile and financial goals.
MT Basics
Financial resolutions for 2008
Follow these financial resolutions and watch your wealth grow. Money Today gives you easy-to-follow guideline.
Book Review
Basics of mutual fund investing
Devangshu Datta
Using a simple style, this ambitious book aims to help lay investors overcome their fear of learning the basics of mutual funds. Though targeted at a US audience the book is useful to Indian readers too.
Portfolio Doctor
Late but good start
Bangalore-based Anand Paladhi must invest all his savings in equities through mutual funds to maximise the earning potential of his savings.
Stocks
Doors that can open to profits
Mudar Patherya
Don't scoff at this metal door fabrication company. Shakti Met-Dor supplies customised doors for use in IT, telecom, pharma and residential applications. And there’s a lot of growth in store.
Market Watch as on Dec 19, 2007
Using idle cash to buy blue chips
Pick good stocks even if costly
Oil, steel stocks perform well
Mutual Fund
Don’t lose your balance
Kamya Jaiswal
Your balanced fund may not be investing in equities and debt in the same ratio as you thought. It’s time you discovered its asset allocation mix.
Contrarian view
LICMF Children’s Fund way ahead of the rest
'Stick to a simple investment plan'
Insurance
Insure your loan
Priya Kapoor
Structured mortgage insurance can help your dependents keep the roof over their head even if you’re not around to repay your home loan.
Tax
Will Esops attract fringe benefit tax?
Yes, Esops will attract fringe benefit tax at the time you exercise your option of taking the stocks offered by your company.
Real Estate
Amritsar, an NRI attraction
The border city of Punjab has for long attracted NRIs as tourists (Golden Temple being the main draw) and as investors in housing. The 2004 trade pact with Pak has added a new appeal.
New Business
Success on call
Rajshree Kukreti
From a sales executive with a directory service to the owner of one, VSS Mani’s is an instructive story of what it takes to be an entrepreneur.
Investment
Predictions for 2008
Here's a list of what we expect 2008 to bring for us in terms of investments, and finance in general. Take a look.
Learnings from 2007
Technology
All that's USB
Ajay Singh
You may not have the whole world in your hands, but with a Universal Series Bus (USB) port you're nearly there. After all you can plug almost anything into a USB port now.
-----------------------------------------------------------
Source: http://moneytoday.digitaltoday.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Latest Issue January 10, 2008
Cover Story
All about global investing
Tanvi Varma and Narayan Krishnamurthy
For over a decade, Indians have been global consumers. It’s time to take the first step to becoming global investors. We show you the options abroad.
Now & Then
Public good
Let's take a closer look at how inflation affects your finances.
My Idea
Wealth from health
A physician by profession, Tarun Sahni, 49, runs a sports academy on weekends.
Sector Scenario
A powerful story
Ask Securities is bullish on the power transmission and distribution sector and expects some power-packed performances in the coming years.
Query Corner
I wish to save Rs 20 lakh...
Congratulations to you on several counts. Firstly, you have a very clear vision of your financial goals. You will do well to start investing for these goals right away.
Upfront
Big isn't the best
Many of us have problems with our mutual fund agent — the dealer or distributor who mis-sold a fund. Can you change your fund agent without surrendering the policy you bought through him? Find out.
Talk Back
Please suggest some good schemes for short and long term
It will be incorrect to suggest names of mutual funds without ascertaining their suitability to an individual's investor profile and financial goals.
MT Basics
Financial resolutions for 2008
Follow these financial resolutions and watch your wealth grow. Money Today gives you easy-to-follow guideline.
Book Review
Basics of mutual fund investing
Devangshu Datta
Using a simple style, this ambitious book aims to help lay investors overcome their fear of learning the basics of mutual funds. Though targeted at a US audience the book is useful to Indian readers too.
Portfolio Doctor
Late but good start
Bangalore-based Anand Paladhi must invest all his savings in equities through mutual funds to maximise the earning potential of his savings.
Stocks
Doors that can open to profits
Mudar Patherya
Don't scoff at this metal door fabrication company. Shakti Met-Dor supplies customised doors for use in IT, telecom, pharma and residential applications. And there’s a lot of growth in store.
Market Watch as on Dec 19, 2007
Using idle cash to buy blue chips
Pick good stocks even if costly
Oil, steel stocks perform well
Mutual Fund
Don’t lose your balance
Kamya Jaiswal
Your balanced fund may not be investing in equities and debt in the same ratio as you thought. It’s time you discovered its asset allocation mix.
Contrarian view
LICMF Children’s Fund way ahead of the rest
'Stick to a simple investment plan'
Insurance
Insure your loan
Priya Kapoor
Structured mortgage insurance can help your dependents keep the roof over their head even if you’re not around to repay your home loan.
Tax
Will Esops attract fringe benefit tax?
Yes, Esops will attract fringe benefit tax at the time you exercise your option of taking the stocks offered by your company.
Real Estate
Amritsar, an NRI attraction
The border city of Punjab has for long attracted NRIs as tourists (Golden Temple being the main draw) and as investors in housing. The 2004 trade pact with Pak has added a new appeal.
New Business
Success on call
Rajshree Kukreti
From a sales executive with a directory service to the owner of one, VSS Mani’s is an instructive story of what it takes to be an entrepreneur.
Investment
Predictions for 2008
Here's a list of what we expect 2008 to bring for us in terms of investments, and finance in general. Take a look.
Learnings from 2007
Technology
All that's USB
Ajay Singh
You may not have the whole world in your hands, but with a Universal Series Bus (USB) port you're nearly there. After all you can plug almost anything into a USB port now.
-----------------------------------------------------------
Source: http://moneytoday.digitaltoday.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Business Today Articles ( Jan 13, 2008)
16th ANNIVERSARY ISSUE
Cover Story
A gaze into the crystal ball
If the year gone by was a belter, 2008 promises to be another party. While the immediate prospects don’t look promising, the year should eventually turn out well for everyone, if not better.
21 young leaders for India's 21st century
Check out the young leaders in slide show
Slide show: The biggest newsmakers of 2007
Slide show: Best of BT 2007
Slide show: Best of BT More 2007
21 events that rocked the business world
Is corporate world a global village?
-------------------------------------------
Editor's note
From the Editor-in-Chief
Aroon Purie
When it came to choosing a theme for Business Today’s 16th anniversary issue, it seemed appropriate to focus on leadership, specifically young leaders.
------------------------------------------
Special
Destiny Inc: Chance or choice?
Leaders don’t hesitate to take on seemingly impossible goals and then inspire everyone else around them to help achieve goals.
Cruise control - Kumar Mangalam Birla
Private equity pasha - Ashish Dhawan
Master of the fifth estate - Vineet Jain
Mister hospitality - Vikram Oberoi
Sights on the sun - Ratul Puri
The great enabler - Jignesh Shah
God of small credit - Vikram Akula
Clean-up crusader - Arvind Kejriwal
CEO of inconclusive India - Nachiket Mor
Merchant of kitsch - Karan Johar
King of the jingle - Prasoon Joshi
Steel czar - Aditya Mittal
Medicine man - Glenn Saldanha
Solar crusader - Harish Hande
Her mother's daughter - Kiran Desai
Still the boy next door - M. S. Dhoni
The liberator of Kumaoni women - Mukti Dutta
Urban reformer - Ramesh Ramanathan
India's healthcare heiress - Sangita Reddy
Dot-com’s poster boy - Sanjeev Bikhchandani
The badshah of Bollywood - Shah Rukh Khan
---------------------------------------------------
Columns
Leaders for a new India
India faces significant challenges—leadership being the most important.
A leader for all Indians - Sunil Bharti Mittal
A leader for a global India Inc - Mukesh Ambani
A leader for an innovative India — A.P.J. Abdul Kalam
A leader for the women of India — Anu Aga
A leader for a creative India — Pawan Kumar Varma
A leader for an educated India — Azim Premji
A leader for the youth of India - K.M. Birla
A leader for an equitable India — N.R. Narayana Murthy
A leader for a healthy India — Rajat K. Gupta
Source: http://businesstoday.digitaltoday.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
2008),
Business Today Articles ( Jan 13
Myiris, Moneycontrol.com Stories
Myiris.com
Weekly wrap up: Market ends the week on a record high
JSW Energy plans USD 1 bn IPO
Jaiprakash Power to raise USD 1 bn via IPO
Dish TV sells 4.9% stake for Rs 2.5 bn
Essar Power to sell 10% stake to PE player
SAIL looks for JVs for coking coal projects in India, abroad
M&M quits from JV with Renault and Nissan
Inflation at 3.45% on high prices of furnace oil, bitumen & naphtha
-------------------------------------------------
Moneycontrol.com
India in the middle of an economic slowdown: Experts
Rel Pwr's 1st project to go onstream in 2009: Anil Ambani
Hyderabad infra cos flush with PE invt
Goyal to sell 5% by Mar on Sebi diktat
2008: New Year, new challenges for Indian advertisers
Rel Pwr has around 28,000 MW projects in hand: Anil Ambani
Subhiksha plans IPO this year
Source: Above blogs/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.
Weekly wrap up: Market ends the week on a record high
JSW Energy plans USD 1 bn IPO
Jaiprakash Power to raise USD 1 bn via IPO
Dish TV sells 4.9% stake for Rs 2.5 bn
Essar Power to sell 10% stake to PE player
SAIL looks for JVs for coking coal projects in India, abroad
M&M quits from JV with Renault and Nissan
Inflation at 3.45% on high prices of furnace oil, bitumen & naphtha
-------------------------------------------------
Moneycontrol.com
India in the middle of an economic slowdown: Experts
Rel Pwr's 1st project to go onstream in 2009: Anil Ambani
Hyderabad infra cos flush with PE invt
Goyal to sell 5% by Mar on Sebi diktat
2008: New Year, new challenges for Indian advertisers
Rel Pwr has around 28,000 MW projects in hand: Anil Ambani
Subhiksha plans IPO this year
Source: Above blogs/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.Com Stories,
Myiris
DeadPresident Blog Updates
http://deadpresident.blogspot.com
Weekly Technical Analysis - Jan 7 2008
India Market Outlook 2008
Top Picks - Jan 2008
Sensex hits new highs during the week
Analyst Meet - Future Capital Holdings
Future Capital Holdings Grey Market Premium
Moodys downgrade for Tata Motors
Tulip IT Services
Precious metals fall
India IT Services
Great Offshore, Religare, Sasken, SBI, Tata Motors
Nifty January 2008 futures at discount
Weekly Stock Ideas
Top Stories for week
Revathi Equipment
Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steel, Pyramid Saimira
-------------------------------------------------------------
Source: Above blogs/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.
Weekly Technical Analysis - Jan 7 2008
India Market Outlook 2008
Top Picks - Jan 2008
Sensex hits new highs during the week
Analyst Meet - Future Capital Holdings
Future Capital Holdings Grey Market Premium
Moodys downgrade for Tata Motors
Tulip IT Services
Precious metals fall
India IT Services
Great Offshore, Religare, Sasken, SBI, Tata Motors
Nifty January 2008 futures at discount
Weekly Stock Ideas
Top Stories for week
Revathi Equipment
Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steel, Pyramid Saimira
-------------------------------------------------------------
Source: Above blogs/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.
Weekly Gainers: Rediff India
http://money.rediff.com/money/jsp/weekly_gainer.jsp
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
HMT Ltd.
A
111.00
148.35
+ 33.65
+
Guj. Industries
A
133.90
177.65
+ 32.67
+
Bombay Dyeing
A
748.65
980.05
+ 30.91
+
Punj. Tractors
A
272.10
351.50
+ 29.18
+
Canara Bank
A
311.20
399.60
+ 28.41
+
EIH Ltd.
A
183.95
235.00
+ 27.75
+
Rashtriya Chem&Fert.
A
112.35
143.20
+ 27.46
+
National Fertili
A
81.20
102.10
+ 25.74
+
Hinduja Ventures
A
702.40
844.10
+ 20.17
+
GTL Ltd.
A
257.75
306.00
+ 18.72
+
Andhra Bank
A
105.50
124.65
+ 18.15
+
Tata Power Co.
A
1,391.30
1,626.80
+ 16.93
+
Asahi India Glass
A
115.70
134.85
+ 16.55
+
Reliance Energy Ltd.
A
2,155.30
2,510.35
+ 16.47
+
Essel Propack Ltd.
A
64.30
74.65
+ 16.10
+
Adani Enterprises Lt
A
1,094.20
1,269.60
+ 16.03
+
Indo Rama Synth.
A
62.50
72.30
+ 15.68
+
Parsvnath Developers
A
457.45
529.10
+ 15.66
+
CESC Ltd.
A
607.45
700.25
+ 15.28
+
Hind. Petrol
A
342.85
394.70
+ 15.12
+
Allahabad Bank
A
117.25
134.90
+ 15.05
+
JaiprakashAssociates
A
422.90
484.85
+ 14.65
+
Apollo Tyres
A
49.90
57.10
+ 14.43
--------------------------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Nelco Ltd
T
155.40
235.00
+ 51.22
+
Net 4 India
B1
91.55
133.85
+ 46.20
+
Hind. Motor
B1
59.00
86.15
+ 46.02
+
Richa Knits
B1
31.25
45.05
+ 44.16
+
Regency Ceramics
T
21.35
30.70
+ 43.79
+
Atlanta Ltd.
B1
330.15
461.50
+ 39.78
+
Meghmani Organics Lt
B1
36.20
50.55
+ 39.64
+
Jindal Drilling
B1
1,305.00
1,813.80
+ 38.99
+
Allied Digital Servi
B1
741.55
1,027.30
+ 38.53
+
UCO Bank
B1
57.90
80.10
+ 38.34
+
SEL Manufacturing Co
B1
115.70
159.75
+ 38.07
+
Omnitech InfoSolutio
B1
153.65
210.85
+ 37.23
+
Super Spinning
B1
24.00
32.80
+ 36.67
+
Sir Shadilal Ent
B1
153.35
207.00
+ 34.99
+
Kinetic Engg.
T
148.80
200.85
+ 34.98
+
Gammon India
B1
580.00
781.45
+ 34.73
+
Carol Info Services.
T
87.35
115.75
+ 32.51
+
Nandan Exim
B1
7.31
9.67
+ 32.28
+
Torrent Power Ltd.
B1
189.80
250.50
+ 31.98
+
Adlabs Films Ltd.
B1
1,414.05
1,851.55
+ 30.94
+
City Union Bank
B1
364.10
476.75
+ 30.94
Source: http://money.rediff.com/money/jsp/weekly_gainer.jsp. 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.
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
HMT Ltd.
A
111.00
148.35
+ 33.65
+
Guj. Industries
A
133.90
177.65
+ 32.67
+
Bombay Dyeing
A
748.65
980.05
+ 30.91
+
Punj. Tractors
A
272.10
351.50
+ 29.18
+
Canara Bank
A
311.20
399.60
+ 28.41
+
EIH Ltd.
A
183.95
235.00
+ 27.75
+
Rashtriya Chem&Fert.
A
112.35
143.20
+ 27.46
+
National Fertili
A
81.20
102.10
+ 25.74
+
Hinduja Ventures
A
702.40
844.10
+ 20.17
+
GTL Ltd.
A
257.75
306.00
+ 18.72
+
Andhra Bank
A
105.50
124.65
+ 18.15
+
Tata Power Co.
A
1,391.30
1,626.80
+ 16.93
+
Asahi India Glass
A
115.70
134.85
+ 16.55
+
Reliance Energy Ltd.
A
2,155.30
2,510.35
+ 16.47
+
Essel Propack Ltd.
A
64.30
74.65
+ 16.10
+
Adani Enterprises Lt
A
1,094.20
1,269.60
+ 16.03
+
Indo Rama Synth.
A
62.50
72.30
+ 15.68
+
Parsvnath Developers
A
457.45
529.10
+ 15.66
+
CESC Ltd.
A
607.45
700.25
+ 15.28
+
Hind. Petrol
A
342.85
394.70
+ 15.12
+
Allahabad Bank
A
117.25
134.90
+ 15.05
+
JaiprakashAssociates
A
422.90
484.85
+ 14.65
+
Apollo Tyres
A
49.90
57.10
+ 14.43
--------------------------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Nelco Ltd
T
155.40
235.00
+ 51.22
+
Net 4 India
B1
91.55
133.85
+ 46.20
+
Hind. Motor
B1
59.00
86.15
+ 46.02
+
Richa Knits
B1
31.25
45.05
+ 44.16
+
Regency Ceramics
T
21.35
30.70
+ 43.79
+
Atlanta Ltd.
B1
330.15
461.50
+ 39.78
+
Meghmani Organics Lt
B1
36.20
50.55
+ 39.64
+
Jindal Drilling
B1
1,305.00
1,813.80
+ 38.99
+
Allied Digital Servi
B1
741.55
1,027.30
+ 38.53
+
UCO Bank
B1
57.90
80.10
+ 38.34
+
SEL Manufacturing Co
B1
115.70
159.75
+ 38.07
+
Omnitech InfoSolutio
B1
153.65
210.85
+ 37.23
+
Super Spinning
B1
24.00
32.80
+ 36.67
+
Sir Shadilal Ent
B1
153.35
207.00
+ 34.99
+
Kinetic Engg.
T
148.80
200.85
+ 34.98
+
Gammon India
B1
580.00
781.45
+ 34.73
+
Carol Info Services.
T
87.35
115.75
+ 32.51
+
Nandan Exim
B1
7.31
9.67
+ 32.28
+
Torrent Power Ltd.
B1
189.80
250.50
+ 31.98
+
Adlabs Films Ltd.
B1
1,414.05
1,851.55
+ 30.94
+
City Union Bank
B1
364.10
476.75
+ 30.94
Source: http://money.rediff.com/money/jsp/weekly_gainer.jsp. 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 wrap: Sensex, Nifty scale new peaks
Weekly wrap: Sensex, Nifty scale new peaks
Global markets had a mixed run last week (December 31 2007 - January 4, 2008). Crude oil prices hit the $100 a barrel mark. But the Indian bulls shrugged off these factors and kept lapping up scores of large, medium and smallcap stocks on expectations of good results from India Inc for the October - December 2007 quarter.
The decision of the market regulator to permit short-selling by institutional investors played a role in keeping the sentiment upbeat. FIIs and domestic mutual funds were seen making heavy purchases once again. Reports that the government was mulling a hike in fuel prices contributed to the rise in values of a few oil stocks.
The Sensex ended with gains on four of the five sessions last week. After opening the week with a modest 80 point gain on Monday, the barometer, after a good run in the positive territory, pared its gains and ended just marginally up on Tuesday.
Though it bounced back after an early setback and finished with a gain of nearly 165 points on Wednesday, the index turned south and lost around 120 points in the next session due to heavy selling information technology, cement and a few other blue chip stocks.
The final trading session of the week saw the bulls stamping their supremacy in style. Despite weakness exhibited by stocks on the US and Japanese markets, the bulls remained busy right through the session on Friday and, despite being quite selective with their purchases, sent the Sensex soaring past 20,700 to a new high of 20,762.80.
While the Sensex ended the week with a gain of 479.94 points or 2.38 per cent, the Nifty moved up by 135.70 points or 2.21 per cent to 6274.30.
Among the sectoral indices, BSE IT and BSE Teck finished lower, losing 5.12 per cent and 0.98 per cent respectively. The PSU index gained the most surging as much as 8.28 per cent over its previous week's closing mark. The Power index moved up by 7.8 per cent.
The FMCG, Realty and Oil & Gas indices advanced by 6.3 per cent, 5.85 per cent and 5.41 per cent respectively.
The Bankex gained 4.56 per cent. The Consumer Durables index rose 2.51 per cent while the Auto, Capital Goods, Healthcare and Metal indices climbed up 1.25 per cent - 2 per cent. Except IT, Auto, Capital Goods and Teck indices, the other barometers scaled new peaks last week.
Mirroring strong buying in midcap and smallcap segments, the BSE Midcap (5.62 per cent) and Smallcap (7.62 per cent) indices also moved up sharply and hit new highs last week.
Though the benchmark indices raced to new highs and recorded handsome gains, buying remained selective for a better part of the week. Among Sensex components, as many as 14 stocks ended in the negative zone.
IT majors Tata Consultancy Services (down 6.9 per cent), Wipro (down 6.2 per cent), Satyam Computer Services (down 6.1 per cent) and Infosys Technologies (down 5.6 per cent) were prominent among the losers. Concerns over a possible drop in the revenues due to a surging rupee contributed to their fall.
Ambuja Cements eased by 3.7 per cent. Maruti Suzuki, HDFC Bank, BHEL, Mahindra & Mahindra, Cipla, Grasim Industries and Bajaj Auto lost 1 per cent - 2 per cent. ACC and Tata Steel, the other losers, closed marginally down. Reliance Energy attracted strong enquiries ahead of the initial public offering from Reliance Power. Reliance Energy holds a 50 per cent stake in Reliance Power, which is slated to hit the market on 15 January 2007 with its IPO of 26 crore shares with a price band of Rs 405 - Rs 450 a share.
NTPC (12.6 per cent), ONGC (9.5 per cent), Tata Motors (7.3 per cent), Hindustan Unilever (7.1 per cent), ITC (6.8 per cent), HDFC (6.4 per cent), ICICI Bank (4.7 per cent), DLF (4.6 per cent) ended with handsome gains.
Reliance Communications moved up by 3.7 per cent. Hindalco surged 3.2 per cent. Heavyweight stock Reliance Industries posted a gain of 3 per cent. Ranbaxy Laboratories and Larsen & Toubro ended stronger by 2.4 per cent and 2.3 per cent respectively while Bharti Airtel and State Bank of India edged up marginally.
BPCL (13.3 per cent), Reliance Petroleum (9.9 per cent), Unitech (7.9 per cent), Suzlon Energy (6.9 per cent) and Cairn India (5.7 per cent) ended the week with handsome gains. Idea Cellular, Punjab National Bank, Siemens, Nalco, GAIL India, ABB, Zee Entertainment and GlaxoSmithKline Pharma posted sharp to moderate gains while Sterlite Industries and Hero Honda closed with small gains. Sun Pharmaceuticals, HCL Technologies, VSNL and SAIL ended on a weak note.
Auto and auto components stocks Punjab Tractors, Kinetic Motors, LML, Ucal Fuel, Asahi India and Ashok Leyland closed with sharp gains last week.
Bank stocks UCO Bank (38.3 per cent), Canara Bank (28.4 per cent), Centurion Bank of Punjab (24.6 per cent), Bank of Maharashtra (18.3 per cent), Andhra Bank (18.2 per cent), Karur Vysya Bank (17.3 per cent), Allahabad Bank (15.1 per cent), ING Vysya Bank (13.9 per cent), Indian Overseas Bank (13.8 per cent), Oriental Bank of Commerce (13.5 per cent), Dena Bank (12.2 per cent), Union Bank of India (10.4 per cent) and Vijaya Bank (10.3 per cent) ended with big gains.
From the construction space, Atlanta, Gammon India, Parsvnath Developers, Hindustan Construction Company, MSK Projects, Peninsula Land, Patel Engineering, HDIL, IVRCL Infrastructure, BL Kashyap, Lok Housing, Sobha Developers and Simplex Infrastructure moved up sharply.
Hindustan Petroleum Corporation, RNRL, Gujarat State Petronet, Indraprastha Gas, Indian Oil Corporation, MRPL, Gujarat Gas and Essar Oil moved up. Engineers India, Atlas Copco, Finolex Cables, Alfa Laval, Voltas, Tata Honeywell, Bharat Earth Movers, National Fertilizers, FACT, SPIC, GSFC, Coromandel Fertilizers, Marico Industries, Colgate Palmolive, Archies, Dabur India, Rayban Sun Optics and Godrej Consumer Products posted strong gains.
Burnpur Cement, which made a sparkling debut on Thursday, ended the week at Rs 54.15, well off the issue price of Rs 12.
Other Sify.com stories
Cranes Software to acquire US company
Life insurers' club to swell, market to consolidate
India is a gas-long market: Anil
Gujarat Ambuja Exports bags orders to ship groundnut oil
TRAI submits final proposals on Internet Protocol TV
PFC mulls setting up financial advisory arm
Subhiksha plans IPO this year
B-school students opting for novel courses
Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Global markets had a mixed run last week (December 31 2007 - January 4, 2008). Crude oil prices hit the $100 a barrel mark. But the Indian bulls shrugged off these factors and kept lapping up scores of large, medium and smallcap stocks on expectations of good results from India Inc for the October - December 2007 quarter.
The decision of the market regulator to permit short-selling by institutional investors played a role in keeping the sentiment upbeat. FIIs and domestic mutual funds were seen making heavy purchases once again. Reports that the government was mulling a hike in fuel prices contributed to the rise in values of a few oil stocks.
The Sensex ended with gains on four of the five sessions last week. After opening the week with a modest 80 point gain on Monday, the barometer, after a good run in the positive territory, pared its gains and ended just marginally up on Tuesday.
Though it bounced back after an early setback and finished with a gain of nearly 165 points on Wednesday, the index turned south and lost around 120 points in the next session due to heavy selling information technology, cement and a few other blue chip stocks.
The final trading session of the week saw the bulls stamping their supremacy in style. Despite weakness exhibited by stocks on the US and Japanese markets, the bulls remained busy right through the session on Friday and, despite being quite selective with their purchases, sent the Sensex soaring past 20,700 to a new high of 20,762.80.
While the Sensex ended the week with a gain of 479.94 points or 2.38 per cent, the Nifty moved up by 135.70 points or 2.21 per cent to 6274.30.
Among the sectoral indices, BSE IT and BSE Teck finished lower, losing 5.12 per cent and 0.98 per cent respectively. The PSU index gained the most surging as much as 8.28 per cent over its previous week's closing mark. The Power index moved up by 7.8 per cent.
The FMCG, Realty and Oil & Gas indices advanced by 6.3 per cent, 5.85 per cent and 5.41 per cent respectively.
The Bankex gained 4.56 per cent. The Consumer Durables index rose 2.51 per cent while the Auto, Capital Goods, Healthcare and Metal indices climbed up 1.25 per cent - 2 per cent. Except IT, Auto, Capital Goods and Teck indices, the other barometers scaled new peaks last week.
Mirroring strong buying in midcap and smallcap segments, the BSE Midcap (5.62 per cent) and Smallcap (7.62 per cent) indices also moved up sharply and hit new highs last week.
Though the benchmark indices raced to new highs and recorded handsome gains, buying remained selective for a better part of the week. Among Sensex components, as many as 14 stocks ended in the negative zone.
IT majors Tata Consultancy Services (down 6.9 per cent), Wipro (down 6.2 per cent), Satyam Computer Services (down 6.1 per cent) and Infosys Technologies (down 5.6 per cent) were prominent among the losers. Concerns over a possible drop in the revenues due to a surging rupee contributed to their fall.
Ambuja Cements eased by 3.7 per cent. Maruti Suzuki, HDFC Bank, BHEL, Mahindra & Mahindra, Cipla, Grasim Industries and Bajaj Auto lost 1 per cent - 2 per cent. ACC and Tata Steel, the other losers, closed marginally down. Reliance Energy attracted strong enquiries ahead of the initial public offering from Reliance Power. Reliance Energy holds a 50 per cent stake in Reliance Power, which is slated to hit the market on 15 January 2007 with its IPO of 26 crore shares with a price band of Rs 405 - Rs 450 a share.
NTPC (12.6 per cent), ONGC (9.5 per cent), Tata Motors (7.3 per cent), Hindustan Unilever (7.1 per cent), ITC (6.8 per cent), HDFC (6.4 per cent), ICICI Bank (4.7 per cent), DLF (4.6 per cent) ended with handsome gains.
Reliance Communications moved up by 3.7 per cent. Hindalco surged 3.2 per cent. Heavyweight stock Reliance Industries posted a gain of 3 per cent. Ranbaxy Laboratories and Larsen & Toubro ended stronger by 2.4 per cent and 2.3 per cent respectively while Bharti Airtel and State Bank of India edged up marginally.
BPCL (13.3 per cent), Reliance Petroleum (9.9 per cent), Unitech (7.9 per cent), Suzlon Energy (6.9 per cent) and Cairn India (5.7 per cent) ended the week with handsome gains. Idea Cellular, Punjab National Bank, Siemens, Nalco, GAIL India, ABB, Zee Entertainment and GlaxoSmithKline Pharma posted sharp to moderate gains while Sterlite Industries and Hero Honda closed with small gains. Sun Pharmaceuticals, HCL Technologies, VSNL and SAIL ended on a weak note.
Auto and auto components stocks Punjab Tractors, Kinetic Motors, LML, Ucal Fuel, Asahi India and Ashok Leyland closed with sharp gains last week.
Bank stocks UCO Bank (38.3 per cent), Canara Bank (28.4 per cent), Centurion Bank of Punjab (24.6 per cent), Bank of Maharashtra (18.3 per cent), Andhra Bank (18.2 per cent), Karur Vysya Bank (17.3 per cent), Allahabad Bank (15.1 per cent), ING Vysya Bank (13.9 per cent), Indian Overseas Bank (13.8 per cent), Oriental Bank of Commerce (13.5 per cent), Dena Bank (12.2 per cent), Union Bank of India (10.4 per cent) and Vijaya Bank (10.3 per cent) ended with big gains.
From the construction space, Atlanta, Gammon India, Parsvnath Developers, Hindustan Construction Company, MSK Projects, Peninsula Land, Patel Engineering, HDIL, IVRCL Infrastructure, BL Kashyap, Lok Housing, Sobha Developers and Simplex Infrastructure moved up sharply.
Hindustan Petroleum Corporation, RNRL, Gujarat State Petronet, Indraprastha Gas, Indian Oil Corporation, MRPL, Gujarat Gas and Essar Oil moved up. Engineers India, Atlas Copco, Finolex Cables, Alfa Laval, Voltas, Tata Honeywell, Bharat Earth Movers, National Fertilizers, FACT, SPIC, GSFC, Coromandel Fertilizers, Marico Industries, Colgate Palmolive, Archies, Dabur India, Rayban Sun Optics and Godrej Consumer Products posted strong gains.
Burnpur Cement, which made a sparkling debut on Thursday, ended the week at Rs 54.15, well off the issue price of Rs 12.
Other Sify.com stories
Cranes Software to acquire US company
Life insurers' club to swell, market to consolidate
India is a gas-long market: Anil
Gujarat Ambuja Exports bags orders to ship groundnut oil
TRAI submits final proposals on Internet Protocol TV
PFC mulls setting up financial advisory arm
Subhiksha plans IPO this year
B-school students opting for novel courses
Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Nifty scale new peaks,
Weekly wrap: Sensex
04 January 2008
ET Top Stories
http://economictimes.indiatimes.com/
Reliance Power IPO
Stockbrokers under lens for evading service tax
FIIs invest in shares worth Rs 16 cr on bourses
Govt expects Rs 2-lakh cr investment in aviation in 10 yrs
SAIL to invest Rs 10,000 cr for expansion of Rourkela plant
Future Cap IPO gets average rating
Forex reserves up by $2.8 bn
Annual inflation at 3.50%
Indo Asian sees FY-08 revenues at Rs 300 crore
Societe Generale broking arm to set up shop in India
ADAG to foray into power equipment manufacturing
Anil expects win-win solution on RNRL-RIL dispute
HPCL, Reliance among bidders for Bihar sugar mills
LG Elec shares jump on Q4 earnings hopes
Heard on the street
Short-sellers will make Indian market stronger
Brokerage Platter: Tulip IT, Subhash Projects
SAT to hear complaints against Reliance Power IPO on Jan 14
Re climbs on RBI comments, flow outlook
Gold zooms past Rs 11,000-mark
Private insurers outrun LIC agents
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.
Reliance Power IPO
Stockbrokers under lens for evading service tax
FIIs invest in shares worth Rs 16 cr on bourses
Govt expects Rs 2-lakh cr investment in aviation in 10 yrs
SAIL to invest Rs 10,000 cr for expansion of Rourkela plant
Future Cap IPO gets average rating
Forex reserves up by $2.8 bn
Annual inflation at 3.50%
Indo Asian sees FY-08 revenues at Rs 300 crore
Societe Generale broking arm to set up shop in India
ADAG to foray into power equipment manufacturing
Anil expects win-win solution on RNRL-RIL dispute
HPCL, Reliance among bidders for Bihar sugar mills
LG Elec shares jump on Q4 earnings hopes
Heard on the street
Short-sellers will make Indian market stronger
Brokerage Platter: Tulip IT, Subhash Projects
SAT to hear complaints against Reliance Power IPO on Jan 14
Re climbs on RBI comments, flow outlook
Gold zooms past Rs 11,000-mark
Private insurers outrun LIC agents
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.
Sensex beats Chak De India in popularity poll
Sensex beats Chak De! India in popularity poll
ET-Dentsu Top Hits 2007: Sensex beats Chak De!
Emerging India is obsessed with winning. The turf is immaterial. So, whether it was the stock market, movies, cricket or simply enjoying good things in life, Indians feasted on a host of winners — expected, unexpected or out-and-out dark horses, who romped home in 2007. ET-Dentsu Top Hits 2007 survey, the second in succession, ranked anything from popular content to social phenomena, changing consumer habits to actual physical products that may have left a mark on Indians’ minds. Individuals, however, were excluded from the list as it only captures trends, not personalities.
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Top 10 NRI newsmakers of Year 2007
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Sensex, Chak De! India and Twenty20 Cricket World Cup victory led the hits parade in 2007 in an end-of-the-year online survey conducted by Dentsu India. The survey polled 2,227 individuals in the 16-60 age group. An initial consumer research brought down the list from 100 to 40, which was then included in the e-survey.
Sensex’s climb from 12,000 to 20,000, which left millions of investors rich beyond expectations, also came to virtually personify the buoyancy in the economy — a fifth year of average 8.6% GDP growth, jobs for the asking and zooming incomes. According to Nokia India MD (mobiles) D Shivakumar “The Sensex, in essence, captures a number of things: the state/mood of the nation, the acceptance of wealth creation, a move from old world socialism to celebration of capitalism. It’s a reaffirmation of the confidence in the Indian system today.”
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ET-Dentsu Top Hits 2007: Sensex beats Chak De!
Emerging India is obsessed with winning. The turf is immaterial. So, whether it was the stock market, movies, cricket or simply enjoying good things in life, Indians feasted on a host of winners — expected, unexpected or out-and-out dark horses, who romped home in 2007. ET-Dentsu Top Hits 2007 survey, the second in succession, ranked anything from popular content to social phenomena, changing consumer habits to actual physical products that may have left a mark on Indians’ minds. Individuals, however, were excluded from the list as it only captures trends, not personalities.
Also Read
Ã
Top 10 NRI newsmakers of Year 2007
Ã
Predictions and Tips for 2008
Ã
Challenges for Corporate India in 2008
Ã
In '08, personal technology will drive innovations
Ã
Small companies feast on the New Year party
Ã
Top brands spend Rs 150 cr to start 2008 with a bang
Sensex, Chak De! India and Twenty20 Cricket World Cup victory led the hits parade in 2007 in an end-of-the-year online survey conducted by Dentsu India. The survey polled 2,227 individuals in the 16-60 age group. An initial consumer research brought down the list from 100 to 40, which was then included in the e-survey.
Sensex’s climb from 12,000 to 20,000, which left millions of investors rich beyond expectations, also came to virtually personify the buoyancy in the economy — a fifth year of average 8.6% GDP growth, jobs for the asking and zooming incomes. According to Nokia India MD (mobiles) D Shivakumar “The Sensex, in essence, captures a number of things: the state/mood of the nation, the acceptance of wealth creation, a move from old world socialism to celebration of capitalism. It’s a reaffirmation of the confidence in the Indian system today.”
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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