Corporate Updates

From www.rediff.com


Govt plans performance-linked salaries
Tatas on global safari on board Corus
Do-Not-Call registry active from Oct 12
IBM withdraws outsourcing patent

LIC to launch hospital cash product soon
DLF, AT&T in talks for mobile services : BS
Health insurance business to rise : BS
Exporters to get tax refund on 3 more services : PTI



From MoneyControl.Com

Barclays confirms dropping bid for ABN AMRO
Private equity funds to invest in serviced apartments?
Essar Shipping bids for Bulgarian shipping company
Emirates Techno Castings to set up India base

AVTEC to sell components for Tata’s small car
Bharti, Vodafone, Idea may merge tower biz
ACC commissions Wind Energy Farm in Tamil Nadu
BHEL Q2 net seen up at Rs 551.2cr: M Stanley


From MyIris.Com

DLF may join hands with AT&T
TRAI announces tariff ceiling for non-CAS areas
MRF may set-up plant in China


from BusinessLine.in

ING Vysya Bank plans pvt placement
ONGC, RIL and BG to spend $1 b on Panna-Mukta-Tapti fields
Speciality Papers gets Capexil certificate of merit


Business Standard

Cryobanks to invest Rs 500cr over 5 years
Reliance sets up innovation centre in Pune
FDI review in 10 days, not to include retail: Nath
FM launches National Investment Fund

Pioneer buys 51% in BoB arm
LIC to launch hospital cash product next month




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

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

Azim Premji

Premji (born July 24, 1945) is the Chairman & CEO of Wipro Technologies, which today is one of the largest software companies in India. It has its headquarters in the Indian Silicon City Bangalore. He was rated the richest person in the country from 1999 to 2005 by Forbes[1]. His wealth today is estimated at 74,000 crores INR [[2]] which places him as the third richest Indian; ahead of DLF Chairman Kushal Pal Singh.

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

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

Tata Indo Global Infrastructure Fund New Fund Offer (NFO) Details

The New Fund Offer (NFO) of Tata Indo Global Infrastructure Fund is open for subscription. The NFO closes on October 16, 2007. The Tata Indo Global Infrastructure Fund is a three year close ended equity scheme which will be automatically converted to an open ended scheme upon maturity. Tata Indo Global Infrastructure Fund provides an excellent opportunity for investors in India to benefit from the global infrastructure boom. Further Tata Indo Global Infrastructure Fund is likely to managed well since Tata Mutual Fund already has experience in the infrastructure sector by managing the Tata Infrastructure Fund, which is performing very well.




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

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



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

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



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

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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