MUMBAI: Move over Bills Gates, Carlos Slim and LN Mittal, the Ambanis are coming. While you may still be figuring out your gains from the phenomenal 788 points rally on Tuesday, the Ambani brothers are on their way to the top echelons of global billionaires’ club. By the time the market closed on Tuesday, the Ambani brothers were worth nearly $91.41 billion. That is a whopping 8% of what India’s GDP was last year.
Combined, this is greater than the net worth of Carlos Slim, the Mexican billionaire, who was recently crowned as world’s wealthiest individual ahead of Bill Gates. In all, the top-15 business families in India (excluding the Tatas) added close to $11 billion to their net worth all in a day. The combined net worth of the top 15 stands at $213 billion, or close to 20%, of the GDP. What’s more, Mukesh Ambani is now within striking distance of dethroning LN Mittal as the richest Indian. Though the latest figures are not available, LN Mittal is estimated to be worth around $48 billion, only $2 billion more than the current net worth of Mukesh Ambani.
Another 4% appreciation in Reliance Industries stock price and Mukesh Ambani will go past Mr Mittal. The rate at which the Mukesh Ambani-owned companies are going, his net worth rose by $3.25 billion on Tuesday, this might well have happened by the end of the day. Equally astonishing has been the rise of Anil Ambani. The younger Ambani sibling added over $3 billion to his net worth on Tuesday. He is now worth nearly $35 billion and second only to his elder brother.
Further visit, http://economictimes.indiatimes.com/Ambani_brothers_on_way_to_top_echelons_of_global_billionaires_club/articleshow/2444127.cms
We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
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.
10 October 2007
Sensex posts a new high past 18,700, ends 378 pts up
Wednesday, 10 October , 2007, 16:25
16:13:35
The market saw another bright session as the bulls, after storming the ring right at the stroke of the bell this morning, kept calling the shots till the very end. A few blue chip stocks shed a significant portion of their gains and a few others even slipped into the red, but gains posted by capital goods, information technology, cement, oil and telecom stocks were so strong that the benchmark indices Sensex and the Nifty settled near their new all-time highs.
While the Sensex, which opened with a big positive gap of around 193 points at 18,473.43 and vaulted to a new high of 18,703.67, ended the session at 18,658.25 with a huge gain of 378.01 points or 2.07%, the Nifty settled at 5441.45, a few points down from a new lifetime high of 5454.70, with a gain of 2.14% or 114.20 points.
With fears of a major rift between ruling UPA and the Left parties having subsided to an extent and global markets displaying a steady to firm trend, the mood remained quite upbeat on the bourses today. Expectations of strong second quarter results from India Inc and a host of stock specific stories kept the sentiment buoyant right through the session.
Larsen & Toubro, with reports of more order win pouring in, spurted to a new high of Rs 3450 and settled at Rs 3372 with an impressive gain of 6.6%. Power equipment maker BHEL notched up a handsome gain of 4.2% as it ended at Rs 2330.65.
IT bellwether Infosys Technologies rallied 3.75% to Rs 2124.55 on expectations of strong quarterly results. Satyam Computer Services (2.95%), Wipro (2.85%) and Tata Consultancy Services (2.6%) also closed on a high note today.
Hindalco (3.85%), ACC (3.55%), Reliance Energy (3.4%), Bharti Airtel (3.05%), Cipla (2.75%), Reliance Communications (2.65%), ONGC (2.45%), Mahindra & Mahindra (2.4%), ICICI Bank (2.2%), Ambuja Cements (2.2%), State Bank of India (1.8%), Tata Motors (1.8%), Grasim Industries (1.35%) and Tata Steel (1.35%) also finished with strong gains.
Reliance Industries, which opened on a firm note and hit a new high at 2681.90, eased on profit taking and ended at Rs 2617.35, up by a modest 0.65%. NTPC, HDFC and HDFC Bank ended with very small gains.
Tata Power, which moved up by over 12%, was the biggest gainer among Nifty stocks. Reliance Petroleum shot up by 7.25%. VSNL and Suzlon Energy ended stronger by 6.5% and 5.75% respectively. SAIL, HCL Technologies, GlaxoSmithKline Pharma, Unitech, Siemens and Sterlite Industries finished with smart gains.
Gujarat Minerals hit the 20% upper circuit today. Jaiprakash Associates, Jindal Steel, Sobha Developers, Bank of India, iGate Global Solutions, Arvind Mills, Punjab Lloyd, Indian Bank, Sun TV Network, EIH Limited, Nirma, Indo Rama Synthetics and Century Textiles were among the prominent gainers today.
Midcap stock Adlabs Films flared up by 21.7%. Patel Engineering, United Breweries, Renuka Sugars, Motilal Oswal, Bajaj Hindustan, Infotech Enterprises, Take Solutions, KS Oils, Triveni Engineering, Dalmia Cement (Bharat), NIIT Technologies, EID Parry, Praj Industries, Gitanjali Gems, Info Edge and TV 18 also closed on a high note.
We thank the owners of the above articles/sites/sources/Govts www.sify.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
16:13:35
The market saw another bright session as the bulls, after storming the ring right at the stroke of the bell this morning, kept calling the shots till the very end. A few blue chip stocks shed a significant portion of their gains and a few others even slipped into the red, but gains posted by capital goods, information technology, cement, oil and telecom stocks were so strong that the benchmark indices Sensex and the Nifty settled near their new all-time highs.
While the Sensex, which opened with a big positive gap of around 193 points at 18,473.43 and vaulted to a new high of 18,703.67, ended the session at 18,658.25 with a huge gain of 378.01 points or 2.07%, the Nifty settled at 5441.45, a few points down from a new lifetime high of 5454.70, with a gain of 2.14% or 114.20 points.
With fears of a major rift between ruling UPA and the Left parties having subsided to an extent and global markets displaying a steady to firm trend, the mood remained quite upbeat on the bourses today. Expectations of strong second quarter results from India Inc and a host of stock specific stories kept the sentiment buoyant right through the session.
Larsen & Toubro, with reports of more order win pouring in, spurted to a new high of Rs 3450 and settled at Rs 3372 with an impressive gain of 6.6%. Power equipment maker BHEL notched up a handsome gain of 4.2% as it ended at Rs 2330.65.
IT bellwether Infosys Technologies rallied 3.75% to Rs 2124.55 on expectations of strong quarterly results. Satyam Computer Services (2.95%), Wipro (2.85%) and Tata Consultancy Services (2.6%) also closed on a high note today.
Hindalco (3.85%), ACC (3.55%), Reliance Energy (3.4%), Bharti Airtel (3.05%), Cipla (2.75%), Reliance Communications (2.65%), ONGC (2.45%), Mahindra & Mahindra (2.4%), ICICI Bank (2.2%), Ambuja Cements (2.2%), State Bank of India (1.8%), Tata Motors (1.8%), Grasim Industries (1.35%) and Tata Steel (1.35%) also finished with strong gains.
Reliance Industries, which opened on a firm note and hit a new high at 2681.90, eased on profit taking and ended at Rs 2617.35, up by a modest 0.65%. NTPC, HDFC and HDFC Bank ended with very small gains.
Tata Power, which moved up by over 12%, was the biggest gainer among Nifty stocks. Reliance Petroleum shot up by 7.25%. VSNL and Suzlon Energy ended stronger by 6.5% and 5.75% respectively. SAIL, HCL Technologies, GlaxoSmithKline Pharma, Unitech, Siemens and Sterlite Industries finished with smart gains.
Gujarat Minerals hit the 20% upper circuit today. Jaiprakash Associates, Jindal Steel, Sobha Developers, Bank of India, iGate Global Solutions, Arvind Mills, Punjab Lloyd, Indian Bank, Sun TV Network, EIH Limited, Nirma, Indo Rama Synthetics and Century Textiles were among the prominent gainers today.
Midcap stock Adlabs Films flared up by 21.7%. Patel Engineering, United Breweries, Renuka Sugars, Motilal Oswal, Bajaj Hindustan, Infotech Enterprises, Take Solutions, KS Oils, Triveni Engineering, Dalmia Cement (Bharat), NIIT Technologies, EID Parry, Praj Industries, Gitanjali Gems, Info Edge and TV 18 also closed on a high note.
We thank the owners of the above articles/sites/sources/Govts www.sify.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Day's Quote/Corporate Story
Quote of the Day
" If your ship has not yet come in, build a lighthouse."
Personality / Corporate of the Day
Anil Ambani
Anil Ambani (born June 4, 1959) is an Indian businessman. As of March 2007, he has a net-worth of US$ 18.2 billion, making him the 18th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year. [2] Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.[1]. Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married to Tina Ambani(Munim) who was a well known Indian Actress in early 80's, and blessed with two sons: Jai Anmol and Jai Anshul.
Further, Visit : http://en.wikipedia.org/wiki/Anil_Ambani
We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
09 October 2007
Other Stories
Rediff.Com
The Sensex story: From 1K to 18K
Big retail gung-ho on expansion
Infy's Nilekani may move to US
Moneycontrol.Com
Stocks that contributed in this historical day
Cabinet approves relief package for sugar ind: FM
Apr-Sep excise mop-up at Rs 54,700 cr, up 6.5% YoY
NRB Bearings among Forbes list of Asia’s Best under bn
Reliance bags marketing & distribution deal for Apple
Top 5 stocks contributed 60% to 18k rally
Business Today places Shaadi.com amongst top 10 marketers
BusinessLine
S&P forecasts 8.6% GDP growth for 2007-08
Employment outlook for Q4 dips
Business Standard
FIIs net buyers of Rs 1,417cr in cash market
Eicher posts 21% growth in September sales
Govt imposes President's rule in Karnataka
Red Fort Capital to invest $425 mn in real estate
Sensex whizzes past 18K in 789-point rally
Reliance Life on expansion spree
We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The Sensex story: From 1K to 18K
Big retail gung-ho on expansion
Infy's Nilekani may move to US
Moneycontrol.Com
Stocks that contributed in this historical day
Cabinet approves relief package for sugar ind: FM
Apr-Sep excise mop-up at Rs 54,700 cr, up 6.5% YoY
NRB Bearings among Forbes list of Asia’s Best under bn
Reliance bags marketing & distribution deal for Apple
Top 5 stocks contributed 60% to 18k rally
Business Today places Shaadi.com amongst top 10 marketers
BusinessLine
S&P forecasts 8.6% GDP growth for 2007-08
Employment outlook for Q4 dips
Business Standard
FIIs net buyers of Rs 1,417cr in cash market
Eicher posts 21% growth in September sales
Govt imposes President's rule in Karnataka
Red Fort Capital to invest $425 mn in real estate
Sensex whizzes past 18K in 789-point rally
Reliance Life on expansion spree
We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Result Corner
From Indiaearnings.Com and Myiris.Com
S Kumars net jumps 57.59% for Sep`07 qtr
Orissa Sponge loss widens to Rs 79.91 mn for Q3
Prism Cements sep qtr net profit up at Rs 51.8 cr
Results Calendar
S Kumars net jumps 57.59% for Sep`07 qtr
Orissa Sponge loss widens to Rs 79.91 mn for Q3
Prism Cements sep qtr net profit up at Rs 51.8 cr
Results Calendar
10.October.2007
POWER FINAN PFC
We thank the owners of the above articles/sites/sources/Govts www.indiaearnings.com and www.myiris.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Mukesh and Anil Ambani combined become world's richest
NEW DELHI: The Indian stock market boom has made the Ambani brothers arguably the richest in the world if one clubs the fortunes of Mukesh and Anil, which at $ 91.41 billion is far ahead of even the Walton family of Wal-Mart. Sons of legendary industrialist Dhirbuhai Ambani who started his career as a petrol station attendant in Yemen and later founded Reliance Industries, Mukesh and Anil split the business empire between them in June 2005 - then worth. While Mukesh controls shares worth USD 55.81 billion, Anil owns shares worth USD 35.6 billion in their respective groups, and their combined worth stands at just over USD 170 billion. '
The wealth of the two brothers as also their group companies are based on the information available on the Bombay Stock Exchange and the closing price of the group companies on Tuesday. The net worth of the Walton family, which controls nearly 39 per cent in Wal-Mart, is around USD 72 billion based on the market capitalisation of the retailer, which is USD 184.21 billion. In June 2005, when the Reliance empire was split its market valuation stood at a little over Rs 1,10,000 crore which has since shot up to over Rs 6,00,000 crore.
In March, Forbes magazine had ranked Mukesh and Anil Ambani as the 14th and 18th richest persons in the world. Their combined wealth then stood at USD 38.3 billion, just a little over the USD 32 billion wealth of steel baron Lakshmi Mittal (fifth richest). After today's surge in the stock market, which saw the Bombay Stock Exchange benchmark Sensex crossing the 18,000-point milestone with a gain of 789 points, the wealth of the five richest resident Indians too has soared.
The collective wealth of the top five richest Mukesh, Anil, DLF's K P Singh, Bharti Group's Sunil Bharti Mittal and Wipro chief Azim Premji has risen by over USD 28 billion to USD 164.01 billion in less than 20 days. The total market cap of firms listed on the BSE on Tuesday soared to Rs 54,85,247.44 crore, data available with the exchange shows. The market cap stood at about Rs 51,19,729 crore on September 26, when the Sensex hit the 17,000 mark.
We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The wealth of the two brothers as also their group companies are based on the information available on the Bombay Stock Exchange and the closing price of the group companies on Tuesday. The net worth of the Walton family, which controls nearly 39 per cent in Wal-Mart, is around USD 72 billion based on the market capitalisation of the retailer, which is USD 184.21 billion. In June 2005, when the Reliance empire was split its market valuation stood at a little over Rs 1,10,000 crore which has since shot up to over Rs 6,00,000 crore.
In March, Forbes magazine had ranked Mukesh and Anil Ambani as the 14th and 18th richest persons in the world. Their combined wealth then stood at USD 38.3 billion, just a little over the USD 32 billion wealth of steel baron Lakshmi Mittal (fifth richest). After today's surge in the stock market, which saw the Bombay Stock Exchange benchmark Sensex crossing the 18,000-point milestone with a gain of 789 points, the wealth of the five richest resident Indians too has soared.
The collective wealth of the top five richest Mukesh, Anil, DLF's K P Singh, Bharti Group's Sunil Bharti Mittal and Wipro chief Azim Premji has risen by over USD 28 billion to USD 164.01 billion in less than 20 days. The total market cap of firms listed on the BSE on Tuesday soared to Rs 54,85,247.44 crore, data available with the exchange shows. The market cap stood at about Rs 51,19,729 crore on September 26, when the Sensex hit the 17,000 mark.
We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Corporate Updates
Economic Times
Genpact plans to invest Rs 150 crore in upcoming IT SEZ in Jaipur
Zensar bag $11 mn orders to implement of Oracle applications
Zensar bag $11 mn orders to implement of Oracle applications
CBI chargesheets 22 in '06 IPO scam
Shriram EPC plans 50 lakh share IPO
Dhanus Technologies fixes issue price at Rs 295 per share
Shriram EPC plans 50 lakh share IPO
Dhanus Technologies fixes issue price at Rs 295 per share
We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
BSE Gainers at 18K
Levels reached by Sensex
September 12 15,000
September 19 16,000
September 26 17,000
October 09 18,002
Some of the BSE gainers
IndusInd Bank
71.60
58.00
71.15
61.30
9.85
16.07
KEC Infrastruct
32.25
26.10
30.80
26.90
3.90
14.50
Mangalore Chem
37.75
30.20
36.80
32.20
4.60
14.29
We thank the owners of the above articles/sites/sources/Govts www.moneycontrol.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
18K.....NIFTY, Sensex Gainers
Sensex Gainers
Company
Current Price
Previous Close
% Change
Volume
RELIANCE ENR
1533.65
1379.50
11.17
3,007,503
REL COM LTD
705.85
640.90
10.13
6,018,890
MARUTI UDYOG
1105.35
1025.40
7.80
559,960
RELIANCE
2600.45
2416.95
7.59
1,409,364
NTPC LTD
217.70
204.65
6.38
3,865,945
S B I
1889.75
1782.65
6.01
712,796
TATA STEEL
834.60
789.00
5.78
1,076,864
BHARTI TELE
1040.30
984.80
5.64
538,211
ACC LTD
1176.65
1115.10
5.52
155,844
GRASIM IND
3602.00
3425.55
5.15
38,530
O N G C
985.30
939.70
4.85
244,255
LARSEN & TOU
3163.20
3020.45
4.73
387,555
WIPRO
489.30
469.65
4.18
800,816
TATA MOTORS
791.75
764.40
3.58
228,797
RANBAXY LABORATORIES LTD.
426.70
412.30
3.49
327,414
I T C
184.60
178.50
3.42
894,192
SATYAM COMPU
470.55
455.55
3.29
560,320
ICICI BANK
1045.75
1016.35
2.89
689,724
INFOSYS TECH
2048.00
2000.45
2.38
337,089
Nifty Gainers
Company
Current Price
Previous Close
% Change
Volume
RELIANCE ENR
1533.95
1380.15
11.14
7,207,101
REL COM
706.95
641.55
10.19
17,524,548
TATA POWER
980.00
902.50
8.59
2,017,959
MARUTI UDYOG
1105.05
1025.25
7.78
1,828,168
ZEE TELE
339.25
315.00
7.70
1,128,657
RELIANCE
2600.00
2421.20
7.38
4,137,315
REL PET
161.20
151.00
6.76
26,994,787
S A I L
205.80
192.80
6.74
10,434,306
NTPC LTD
218.15
204.90
6.47
9,972,911
S B I
1889.95
1781.90
6.06
1,519,359
TATA STEEL
835.60
789.55
5.83
2,596,695
GAIL
386.70
366.05
5.64
999,449
UNITECH P
326.90
309.50
5.62
6,898,774
A C C
1176.25
1115.15
5.48
611,630
BHARTI TELE
1038.80
985.65
5.39
2,247,517
GRASIM IND
3604.40
3421.65
5.34
101,983
NATION ALUM
308.10
292.65
5.28
128,059
O N G C
985.25
939.65
4.85
1,462,477
LARSEN & TOU
3163.40
3020.45
4.73
1,044,075
TATA MOTORS
796.15
764.35
4.16
1,085,388
WIPRO
489.00
469.50
4.15
2,241,577
RANBAXY LAB.
428.75
412.60
3.91
971,605
We thank the owners of the above articles/sites/sources/Govts www.myiris.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Subscribe to:
Posts (Atom)