Corporate Headlines/Stories

From Economic Times

Stocks you can pick up this week

Reliance Power files DRHP with SEBI for IPO

Reliance Power plans 130 crore share IPO; files papers with SEBI

Foreign IT cos, SIDBI likely to buy 25% in Mennen Aviation
ENIL among top global media picks
Som Mittal to takeover as NASSCOM President
Canara Bank cuts rate on new housing loans by 0.50%
Flawless Diamond gets order worth Rs 325 mn
BHEL's BHPV acquisition to come at a cost
Ranbaxy gets FDA nod for clarithromycin
Cipla overtakes GSK to become top Indian pharma company
Ambuja Sept cement shipments down 4 pc
Thermax in licencing deal with Georgia-Pacific
'Incredible India' gets PATA award
GTL secures contract worth Rs 100 cr
Foreign ship cos race for stake in ABG Heavy

DLF to spend Rs 2,500 cr on country malls
FDI increases 80% in 2006-07
PEs pump in $5.4 bn from 551 deals in 15 years
520 items to get tariff shield under India-EU trade pact
Automobile imports up 77%
Reliance launches Rs.999 colour mobile handset

FMR Corp, Fidelity acquire stake in Rolta
India out of race to IMFC top post
Common man's insurance scheme launched
Google boosts corporate e-mail
Yahoo unveils new search engine to compete Google
Big European banks keen on small enterprises in India
Warburg tops with $1.1 bn investments in 15 years

L&T to enter power generation business
Patel Engineering bags order worth Rs 428 cr


ArcelorMittal to bid with Alrosa - world's biggest coal field


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SENSEX finally ended 518 pts High

SENSEX finally ended 518 pts High after hitting Historic 17953 mark
Nifty @ 141 pts High

SENSEX 17847.04 518.42
NIFTY 5210.80 141.85

Top gainers of this Day:
3-October-2007 16.45.00
Some of the Top gainers
Last Price (Rs.)
Gain(%)

DLF LTD 892.75 16.41%

tata power company ltd.
1031.25
13.22
aditya birla nuvo ltd.
1746.30
10.94
great eastern shipping company ltd.
378.90
9.76
lanco infratech ltd.
393.00
9.42
gujarat mineral development corporation ltd
1238.30
8.60
h c l infosystems ltd
247.65
7.67
reliance energy ltd.
1450.40
7.48
infrastructure development finance company ltd.
155.90
7.40
c e s c ltd.
541.10
6.48
infosys technologies ltd.
2001.40
5.72
suzlon energy ltd.
1554.55
5.44
adani exports ltd.
648.00
5.39
ntpc ltd
217.00
5.33
hinduja tmt ltd.
459.55
5.02
reliance communications ltd.
642.65
5.02
reliance communications ltd.
642.65
5.02
tata elxsi (india) ltd.
314.40
4.93
hindustan zinc ltd.
867.60
4.93
reliance industries ltd.
2393.55
4.55
bharat earth movers ltd.
1401.55
4.54

jindal steel power ltd
5379.85
3.62
hcl technologies ltd.
305.00
3.44
housing development finance corporation ltd.
2594.20
3.42
videsh sanchar nigam ltd.
460.30
3.16
jsw steel ltd
866.50
3.12
jsw steel ltd
866.50
3.12
asahi india glass ltd.
111.25
3.10

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Day's Quote/Corporate Story

Quote of the Day

"Heroes come from true men who are not physically strong, but strong-willed.
This makes them intelligent and respectful, which are a hero's strongest weapons
to defend those in need."

Personality / Corporate of the Day

Birla family

http://en.wikipedia.org/wiki/Birla_family

The Birla family is one of the foremost business houses in India. Their businesses vary from petrochemicals and textiles to automobiles and Infocomm. The founder of the Birla Group was Baldeo Das Birla, a member of the successful Marwari community from the westerly state of Rajasthan. He moved to Calcutta to set up the family business during the late nineteenth century, and with it established close ties to the freedom movement of the time. The Birla's are known for their work and support of the nation during the freedom struggle, and the family were close friends of Mahatma Gandhi.

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CoolAvenues (MBA Portal) - Hot Jobs

Senior Management Positions

VP / Senior VP - Structured Finance : A Leading Investment Bank
http://www.coolavenues.com/jobs/0907_0_3309.php

Head - Human Resources : A Leading MNC Services Organization http://www.coolavenues.com/jobs/0907_0_3281.php

Head of Sales : A Leading Chain of Hotels http://www.coolavenues.com/jobs/0907_1_1239.php

Deputy General Manager - Business Strategy : Lodha Group http://www.coolavenues.com/jobs/0907_0_3273.php

CEO / General Manager : A US-based Immigration Corporation http://www.coolavenues.com/jobs/0907_0_3253.php

Senior Credit Officer - Specialized Finance : A Reputed International Bank http://www.coolavenues.com/jobs/0907_0_3245.php

Associate Director / Sr. Manager / Manager - Fund Raising for Infrastructure Projects : One of the Big 4 Consulting Firms
http://www.coolavenues.com/jobs/0907_1_1245.php

Location Lead - Growth & Strategy : A US-based Multi-national Firm http://www.coolavenues.com/jobs/0907_1_1247.php



Finance / Banking Positions

Deputy Manager - Business Strategy : Lodha Group http://www.coolavenues.com/jobs/0907_0_3282.php


Multiple Consulting Openings : A Big 4 Consulting Firm http://www.coolavenues.com/jobs/0907_0_3250.php

Head - Financial Research : The Smart Cube http://www.coolavenues.com/jobs/0907_1_1240.php

Chief Investment Officer / Associate / Analyst (Positions Across All Levels) : Fund management for a fund being set up by India's premier NBFC in the field of infrastructure http://www.coolavenues.com/jobs/0907_0_3249.php

Sr. Associate / Manager - Consulting : One of the Top Consulting Firms in the World http://www.coolavenues.com/jobs/0907_0_3248.php

CEO / General Manager : A US-based Immigration Corporation http://www.coolavenues.com/jobs/0907_0_3253.php

Manager - Retail Entrepreneurship Program : A New Age Private Sector Bank http://www.coolavenues.com/jobs/0907_1_1241.php


Investment Managers : An MNC Bank http://www.coolavenues.com/jobs/0907_1_1219.php

Client Relationship Managers - HNIs : An MNC Bank http://www.coolavenues.com/jobs/0907_1_1220.php

Sr. Executive / Executive - Finance : A Leading Telecom Company http://www.coolavenues.com/jobs/0907_1_1234.php

Deputy General Manager - Business Strategy : Lodha Group http://www.coolavenues.com/jobs/0907_0_3273.php



Marketing / Sales / Advertising Positions

Product Manager : InfoKnox India Pvt. Ltd. http://www.coolavenues.com/jobs/0907_0_3291.php

Marketing Lead : Elements Akademia http://www.coolavenues.com/jobs/0907_0_3262.php

Deputy General Manager - Marketing (Female Only) : A Marketing FMCG http://www.coolavenues.com/jobs/0907_0_3251.php

Datacenter Architect : Wipro Infotech - Strategic Sales Division http://www.coolavenues.com/jobs/0907_1_1230.php

Manager - Quality : Wipro Infotech - Total Outsourcing Division http://www.coolavenues.com/jobs/0907_1_1231.php

Manager - Sales : A Leading Insurance Company http://www.coolavenues.com/jobs/0907_1_1238.php

Head of Sales : A Leading Chain of Hotels http://www.coolavenues.com/jobs/0907_1_1239.php

Manager - Retail Entrepreneurship Program : A New Age Private Sector Bank http://www.coolavenues.com/jobs/0907_1_1241.php

Manager - External Communications : A Leading BPO Service Provider http://www.coolavenues.com/jobs/0907_1_1242.php

Wealth Manager - Service : Leading Stock Broking Company http://www.coolavenues.com/jobs/0907_1_1243.php



HR Management

Product Manager : InfoKnox India Pvt. Ltd.http://www.coolavenues.com/jobs/0907_0_3291.php


Head - Human Resources : A Leading MNC Services Organization http://www.coolavenues.com/jobs/0907_0_3281.php

HR Consultant : A Multi-national HR & Business Consulting Firm http://www.coolavenues.com/jobs/0907_1_1236.php

Sr. Consultant - HR : A Top Consulting Firm http://www.coolavenues.com/jobs/0907_1_1237.php

Manager - Organization & Change Advisory Center : Deloitte Consulting http://www.coolavenues.com/jobs/0907_1_1233.php

Manager - Sales : A Leading Insurance Company http://www.coolavenues.com/jobs/0907_1_1238.php



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IIIT offers various PhD programmes

Applications are invited for pursuing PhD Degree in the Institute in various areas of Information Technology, Management, Information Security and Bioinformatics.

Details:~ The emoluments for JRF is Rs 12,000 per month~ In addition to this, Rs 20,000 per annum is for contingency and HRA pm as per rules. ~ Similarly there will be an enhancement of Fellowship after two years to Rs 14,000 pm and Rs 15,000 pm in 3rd and 4th years. Eligibility:~ The applicant has attained M. Tech/MBA (IT) /MS(CLIS) Degree.

How to apply:~ The applications on prescribed format available at our web site www.iiita.ac.in alongwith DD of Rs 100 in favour of IIIT, Allahabad may be sent to the undersigned by 24th October 2007. Contact:Executive Secretary Indian Institute of Information Technology Deoghat Jhalwa, Allahabad-211012 (U.P.), India Ph: 0532-2922025, 2922000 Fax:0532-2430006, 2431689 Web: http://www.iiita.ac.in E-mail: contact@iiita.ac.in



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Exclusive: Four Interactive Gets $10 Million In Series B From Lightspeed, SVB and Matrix Partners

Online local information business is just getting hotter. Bangalore-based online local information company Four Interactive has raised $10 million in series B funding. The round is led by Lightspeed Venture Partners and joined by Silicon Valley Bank and return backer Matrix Partners India. Matrix had invested $2 million in Series A round in the company about seven months ago.

Four Interactive runs AskLaila.com, an online service that provides information on food, events, lifestyle, shopping and so on. The company is building the content from scratch and making it available for search from its own database (instead of the world wide web). The content is supplemented by reviews too.

further visit:

Exclusive: Four Interactive Gets $10 Million In Series B From Lightspeed, SVB and Matrix Partners



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VC Circle Updates

www.vccircle.com ( Venture Capital News, Deals and etc)


Airline MRO Next Boom Area: Rajeev Chandrasekhar Plans JV With Air India, Indian

News Roundup: Metropolis, Praj Industries, Mahindra Logistics, Jessop & Co

Hyderabad-Based Digital Marketing Firm Ybrant Files For IPO

Avendus To Kick Off Institutional Broking Business In January

South Indian Bank Raises $82 Million From Investors Like IFC, UTI Ventures, Fidelity

Future Capital Holdings Files For IPO; To Raise Rs 300-350 Crore

MCX Sells 5% Each To Citi, Merrill; Smaller Stakes To Passport, GLG

Deutsche Bank Invests $425 Million In Lodha Group’s Realty Projects

After Sudhir Gensets, Mumbai-based Powerica To Get $50M From SCPE

Carlyle, TPG Rumoured To Be Interested In NIIT Technologies

Core Projects Buys Three Companies In US & UK For $45M; Plans More

Exclusive: Goldman Sachs, GE Power To Invest Close To $60 Million In Sudhir Gensets

BAG Films Raises $17 Million From Fidelity At A Valuation Of $150 Million

Indiastar (Mauritius) Fund Picks Up 18.5% In IOL Chemicals

Aptara, Formerly Techbooks, Gets $23M From American Capital Strategies




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Exports climb 18.91%, imports up 32.64% in Aug`07

Source: IRIS (01 October 2007)
Exports climb 18.91%, imports up 32.64% in Aug`07

Exports rose 18.91% to USD 12.69 billion in August 2007 as against USD 10.67 million in the same month, a year ago.

In Rupee terms exports touched Rs 517.87 billion, which was 4.31% higher than the value of exports during August 2006. Cumulative value of exports for the period April-August 2007 was USD 59.48 billion (Rs 2,436.12 billion) as against USD 50.26 billion (Rs 2,307.89 billion), a growth of 18.36% in Dollar terms and 5.56% in Rupee terms compared with the same period, last year.

Imports increased 32.64% to USD 19.57 billion during August 2007 as against USD 14.75 billion in August 2006. In Rupee terms, imports increased 16.35%. Cumulative value of imports for the period April-August 2007 was USD 91.99 billion (Rs 3,769.65 billon) as against USD 70.18 billion (Rs 3,222.04 billion), a growth of 31.07% in Dollar terms and 17% in Rupee terms compared with the same period, last year.

Oil imports surged 19.52% to USD 6.02 billion during August 2007 as against USD 5.04 billion in the corresponding period, last year. Oil imports during April-August 2007 were valued at USD 25,901.26 million, which was 8.32% higher than the oil imports of USD 23,912.08 million in the corresponding period, last year.

Non-oil imports moved up 39.57% to USD 13.55 billion during August 2007 as against USD 9.71 billion in August 2006. Non-oil imports during April-August 2007 were valued at USD 66.09 billion which was 42.85% higher than the level of such imports valued at USD 46.26 billion in April-August 2006.

The trade deficit for April-August 2007 was estimated at USD 32.50 billion, which was higher than the deficit at USD 19.93 billion during April-August 2006.



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FIIs remain net buyers in equities worth Rs 24,333 mn

Source: IRIS (02 October 2007)
FIIs remain net buyers in equities worth Rs 24,333 mn

As on September 28, the purchases of foreign institutional investors (FIIs) have been the highest over the last 61 trading days. As on September 28, the net purchases/sales of FIIs has been the highest over the last 7 trading days. For the last 8 trading days, FIIs have been consistent net buyers in equities. On September 28, they were net buyers in equities worth Rs 24,333 million (USD 596.1 million).

They bought equity worth Rs 73,170 million and sold equity worth Rs 48,837 million. Till September 28, they have been net buyers in equities worth Rs 172,201 million (USD 4,221.2 million).As on September 28, the net purchases/sales of foreign institutional investors (FIIs) has been the highest over the last 18 trading days. For the last 8 days, FIIs have been consistent net buyers in debt. On September 28, they were net buyers in debt worth Rs 3,585 million (USD 87.8 million).

They bought debt worth Rs 3,656 million and sold debt worth Rs 72 million. Till September 28, they have been net buyers in debt worth Rs 24,943 million (USD 612.7 million). Till September 28, FIIs have thus been net buyers in both equities and debt to the tune of Rs 197,144 million (USD 4,833.9 million).




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