VC Circle Updates

Exclusive: SAIF Partners Invests In Vocational Training Firm ICA Infotech

Exclusive: Career Launcher Raises $8.25 Million From Gaja Capital Partners

Standard Chartered Private Equity Invests $50M In Powerica

eClerx Files For India’s First IPO By A KPO Firm; To Raise Rs 101 Crore

IFC Bullish On Regional Banks, To Pick Up 4-5% Stake In Karnataka Bank

Kotak Realty Funds Buys 11.11% Stake In Pride Hotel Chain



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ET Headlines

From Economic Times

Power Grid Corp shares close at 93.46% premium

On the NSE, the share closed at Rs 100.60, up Rs 48.60 or 93.46 per cent. It touched a high of Rs 109.50 and low of 83.15 intraday. Around 48.10 crore shares changed hand in the counter.

Other Stories

ET Awards: Full Report

Lifetime Achievement Award: N R Narayana Murthy
Company of the Year: Bharti Airtel
Business Leader of the year: K V Kamath
Entrepreneur of the year: Grandhi Mallikarjun Rao
Global Indian of the Year: Rajat Gupta

Businesswoman: Shobhana Bhartia
Corporate citizen: Sankara Nethralaya

Merrill Lynch, Morgan Stanley, UBS pick up stakes in ICSA

IFC to pick up stake in Karnataka Bank

DLF drops despite fund raising talks

SBI plans public offer during Nov-Jan

Financial Tech prices its GDRs at $ 9.88

Oil & gas exploration licensing policy in November

Birlasoft to be IPO-ready in next few quarters

Bioton of Poland will invest $ 35 mn in venture

Reliance may join GAIL for petrochemical plant

Govt may revise Press Act to cover news portals, web editions

CCL categorised as 'miniratna' company

HCL Tech bags contract from Hercules

Vascon Engg ties up with FTP for developing Mohali project

Banks to hire 1,000 B-school graduates

HDFC's foreign partner for insurance biz in 3 weeks

Vipul to expand operations across India

MRF's 2006-07 turnover over Rs 5,000 cr
Mallya completes Spyker-Ferrari F1 team deal

Fortis in talks with ITC, Godrej for pharmacies in rural chains

SAIL September output touches all-time high

Reliance Power may offer 5% to PE fund
KPO firm eClerex to tap market for Rs 101cr

HSBC plans $600 mn Indian realty fund

Jet Airways buys 20 Boeing 737-800s

Airtel implements Oracle software

We thank the owners of the above articles/sites/sources/Govts for referring this.

Corporate Updates

From Rediff.Com

ATMs in trains soon
Want to be an entrepreneur?
Govt asks bankers to re-look interest rates
Private equity investments to touch $13.5 bn
IOC loses Rs 90-100 cr per day :

i-flex to acquire Canada-based firm
Inflation rose to 3.42%
Corus to lead Tata Group's global safari
Telecom user base up, revenues flat
BSNL gets spectrum, private telcos cry foul
RBI proposes lock-in, caps on foreign PEs

from Money Control.com

Stocks that FIIs bought in this rally

Lehman Bros, Morgan Stanley eye 40% of Parsvnath SEZs
GoAir scaling down expansion plans
M&M eyeing two-wheeler market
Aurobindo Pharma receives UK-MHRA clearance for Unit XI
Blue Dart- Best Cargo Airline
BoB, Italy-based Pioneer tie-up for AMC biz

Glenmark wins Emerging Company of The Year 2007
PTC approached by Blackstone, Goldman for PTC Fin Svcs

for further visit: www.moneycontrol.com

From Other leading sources :

Suzlon Energy bags 155 MW order in Brazil
Forex reserves up USD 11.871 bn
Omaxe pump in Rs 1.4 bn in its subsdiaries
Tata Steel`s members declare dividend of Rs 15.50
Financial Technologies allots GDRs

Mcleod Russel acquires Moran Tea
Jaihind Projects bags Rs 303 mn order
Petron Engineering secures Rs 13.32 mn contract


From Businessline.in

Reliance Power to borrow Rs 76,473 crore
PGCIL surges 93% on debut
Apollo Hospitals to spend Rs 700 crore on expansion
Surana Industries sets up windmills
Essar Steel delisting price set at Rs 48 a share


and Others:

Lanco Infra bags order from Tirupati Tirumala Devasthanams
Ashok Leyland September sales
Trai caps monthly CAS bill at Rs 260



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Weekly Gainers from Rediff

Some of the Weekly gainers ended on 5, Oct 2007 (From the www. Rediff.Com )


Company % Increase

Adani Enterprises Lt + 26.63

Jindal St & Pwr + 24.81

Reliance Energy Ltd. + 20.05

CESC Ltd. + 16 .19%

Guj. Mineral Dev + 15.90

Ispat Industries 15.58

HDIL + 14.85

Suzlon Energy Ltd. + 14.16

Lanco Infratech Ltd. + 12.55

DLF Ltd. + 11.63




Torrent Power Ltd.
+ 38.09

Tata Sponge Iron
+ 33.78

Nava Bharat Ventures
+ 33.43

Indowind Energy Ltd.
+ 26.54

Greaves Cotton
+ 26.08

Indian Hume Pipe
+ 22.90

Surya Pharmaceutical
+ 22.80

Reliance Ind.Inf
+ 21.54

BAG Films Ltd.
+ 21.36

Usha Martin Ltd.
+ 19.70



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Sensex falls short of 18K peak, yet again

Mumbai, Oct. 5 (PTI): The Bombay Stock Exchange benchmark Sensex failed once again to cross the 18,000-point milestone as heavy profit booking wiped off early gains.
The 30-share index, which appeared close to climbing the the 18K peak on October 3, ended at 17,773.36, lower by 3.78 points from yesterday's close.

Capital goods and refinery stocks bucked the sluggish trend, and saved the market from any major fall. Capital goods segment index gained the most by 489.26 points at 15,742.59 followed by oil and gas index by 109.05 points at 10,109.80, while all the other sectorial indices ended in red.

The wide-based National Stock Exchange index Nifty closed lower by 22.80 points at 5,185.85, after touching a high of 5,248.55 and a low of 5,164.50 points.
Profit selling at existing higher levels was strong and the market also discounted reports of a rise in global stock markets, traders said.

Day's Quote/Corporate Story

Quote of the Day

"When life throws shoes at you... at least pick through the best ones and try
them on for size!”

Personality / Corporate of the Day

Indra Nooyi

Indira Krishnamurthy Nooyi (born October 28, 1955 in Chennai, Tamil Nadu, India) is the chairman and chief executive officer of PepsiCo, the world's fourth-largest food and beverage company. On August 14, 2006, she was named the next to succeed Steve Reinemund as chief executive officer of the company. Reinemund, 58, retired on October 1, 2006. According to Forbes magazine's 2007 poll, Ms. Nooyi is the fifth most powerful woman in the world. She has been named the #1 Most Powerful Woman in Business in 2006 & 2007 by Fortune magazine.

For further, Visit : http://en.wikipedia.org/wiki/Indra_Nooyi

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Power Grid seen listing Rs 85-100/share Friday

Power Grid seen listing Rs 85-100/share Friday

MUMBAI: Power Grid Corporation of India is likely to list Friday at a premium of 50 per cent to its issue price. “Strong listing is expected for Power Grid mainly on positive market sentiment. I expect the stock to list a healthy premium,” said Nitin Khandkar of Keynote Capital without giving a range. Vikas Khemani, co-head, institutional equities, Edelweiss Securities, too is positive on the company.

“PGCIL has a good business model and investors will be holding it for long-term gains. The stock is likely to list around Rs 85-90,” he said. An analyst from another broking firm expects the stock to list at a premium of Rs 40-50. The initial public offering of Power Grid was subscribed 65 times, raising Rs 2,985 crore at the issue price of Rs 52. The company raised funds to part-finance its capital expenditure


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Maytas Infra IPO Subscription Details : IPO Oversubscribed

Maytas Infra IPO closed for subscription today. Maytas Infra IPO has subscribed by about 68 times (oversubscribed 67 times). Maytas Infra IPO received heavy subscription after 12 o clock today. The category wise split up of the subscription figures is not yet available. Retail investor category has been subscribed close to 15 times and hence retail investors are likely to get decent allotment chances.



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US PE fund buys stake in Prabhudas Lilladher

Foreign investors’ appetite in Indian brokerage companies does not seem to be abating. Balyasny Asset Management — a US-based private equity fund has invested $10 million for 2.83% stake in Prabhudas Lilladher Advisory Services (PLAD). This is the holding company of Prabhudas Lilladher, a domestic brokerage firm.

With the stake sale, the holding company has been valued at around Rs 1,450 cr. While the US fund has been investing in India across various sectors, it will be the first time that it has taken a stake in a financial services company. Prabhudas Lilladher is a broking firm, which has restructured itself to offer a gamut of capital market financial services such as institutional and retail broking, capital market, corporate advisory and a non-banking finance company (NBFC). PLAD was created to carry on corporate advisory business and is also the holding company of the entire PL group.

Confirming the deal, senior company officials told ET that the company was planning to go in for a second round of funding sometime later at a premium to this deal. The company is looking at additional dilution of around 10% equity to raise approximately $50 million. Apart from PLAD, other subsidiaries include Prabhudas Lilladher (PL) — to undertake traditional brokerage business, Prabhudas Lilladher Financial Services (PLF) — an RBI-approved NBFC, which will provide margin funding. PL Advisory Services (PLA — a wholly-owned subsidiary of PLF — will get merged with its holding company shortly).

While PL Capital Markets (PLCM) is in the process of obtaining Sebi licence to carry on investment banking business, PL Commodity Markets (PLCO) proposes to undertake commodities trading/brokerage business in the future. Officials added that the firm would also look at bringing in strategic partners in its step-down subsidiaries. The money from this placement would be used to expand the retail brokerage operations of the company. While officials said the company may consider a public offering in two years time, market sources pointed that it could be much sooner.

For further Visit, http://www.indiape.com/blog/_archives/2007/10/3/3267512.html


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