India is heading for a nine per cent growth this year on top of buoyant investments and domestic environment, Finance Minister P Chidambaram said here.
"Aggregate efficiency of both capital and labour and the 35 per cent investment in proportion to the GDP ratio quiet easily translates to about 9 per cent growth," Chidambaram said here.
The Finance Minister, who was replying to questions after delivering the annual Lakshman Kadirgamar Lecture here yesterday, attributed the high foreign exchange reserves of over $250 billion to high capital inflows.
"Capital inflows are very large that is why we have a high foreign exchange reserves," he said.
"If the level of investment in any country is 35 per cent and the country can make gains with capital and labour. I think it is reasonable conclusion that that country will witness very high growth," Chidambaram remarked.
When asked about the "secret mantra" behind the high economic growth being registered by India during the last few years, Chidambaram said "there is no secret to growth. Sound macro economic policies followed anywhere in the world will lead to high growths". "India's growth is led by investment and domestic environment. In fact in the last four years, investment is a prime driver of growth and domestic demand and consumption is a close second. Our investment to GDP ratio is now little over 35 per cent," he said.
According to official estimates, the economy registered a growth rate of 9.3 per cent during the first quarter of FY 2007..
India heading for 9% growth: Chidambaram
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12 November 2007
Indian shares fall 6th day, longest streak in 5 yrs
MUMBAI (Reuters) - India's main stock index fell for a sixth straight session on Monday, its longest stretch of losses in almost five years, weighed down by weak world markets and U.S. credit-related worries.
Investors were also disappointed as September industrial output grew at a slower-than-expected 6.4 percent from a year earlier, well below annual growth of 10.7 percent in August and missing market forecasts of 9.9 percent growth.
The 30-share BSE index ended down 0.9 percent, or 170.33 points, at 18,737.27, with 18 of the components falling. It had dropped as much as 3.03 percent in early deals.
It matched the longest falling streak since early March 2003, when it had fallen for six days in a row. The index had fallen 5.4 percent last week and is 7.4 percent off a lifetime high of 20,238.16 hit on Oct. 30.
"One reason for this fall is the global markets and the other one is foreign fund flows -- some selling, some slowdown that we have witnessed in the last one week," said Neeraj Dewan, director at Quantum Securities in New Delhi.
Technology stocks Infosys Technologies, Tata Consultancy, Wipro and Satyam Computer, and index heavyweight Reliance Industries, which together account for more than a quarter of the total weightage in the main index, led the drop.
Foreign inflows have slowed this month after the market regulator curbed the use of participatory notes used by unregistered foreigners to buy Indian shares, while the lingering credit worries in the United States have also weighed.
Data showed foreign portfolio investors have been sellers of around $300 million in the first six sessions in November, trimming their net purchase in 2007 to about $17 billion.
"All eyes will be now on the foreign fund flows. If we see positive figures then a recovery is possible. But I think the pace at which they have invested in the last few months will slow down," Dewan said.
D.D. Sharma, vice-president at local brokerage Anand Rathi Securities, said fresh investment by the foreigners could only be expected in January next year.
"I don't think foreign investors are going to inject fresh funds at this fag end of the year. We will see fresh money only in January. So we are advising to book profit," he said.
Shares in Reliance Industries, India's most-valuable firm, fell 2.2 percent to 2,676.95 rupees. The stock, which hit an all-time high of 3,235 rupees in a special trading session on Friday, had fallen more than 4 percent early on Monday.
Shares in software services firms fell as disappointing news from technology companies in the United States raised concerns that the fallout from the credit crisis was hurting demand from key customers.
Bellwether Infosys lost 3.6 percent to 1,641.95 rupees, its lowest close in almost 1-1/2 years. Sector leader Tata Consultancy fell more than 2 percent, while fourth-largest Satyam lost more than 3 percent.
But top tobacco maker ITC Ltd rose 5.3 percent to 177.85 rupees. Macquarie Securities said on Monday it had raised its 12-month target price on the stock by 12 percent to 225 rupees.
In the broader market, 1,685 losers outpaced 987 gainers on volume of 387.1 million shares.
The 50-share NSE index was down 0.81 percent at 5,617.10.
Elsewhere in the region Karachi's 100-share index rose 1.73 percent to 13,656.25, while Colombo added 0.46 percent to 2,631.43.
STOCKS THAT MOVED:
* Steel maker Ispat Industries Ltd hit a life high of 39.85 rupees before closing 8.2 percent up at 38.95 rupees after 4.44 million shares, or 0.36 percent of the equity, changed hands on the BSE in block deals at between 36.55-38.20 rupees each.
* Suryachakra Power Corp Ltd rose nearly 20 percent to a new high of 33.45 rupees after it tied up with state-run China Guodian Corp for a proposed 1,200 megawatt coal-based project in India. It also tied up coal supplies with Indonesia's Central Korporindo International Tbk for steam coal.
TOP THREE BY VOLUME
* Ispat Industries on 43.8 million shares
* Reliance Natural Resources on 21.9 million shares
* Essar Oil on 15.7 million shares
http://in.news.yahoo.com/071112/137/6n4j6.html
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Investors were also disappointed as September industrial output grew at a slower-than-expected 6.4 percent from a year earlier, well below annual growth of 10.7 percent in August and missing market forecasts of 9.9 percent growth.
The 30-share BSE index ended down 0.9 percent, or 170.33 points, at 18,737.27, with 18 of the components falling. It had dropped as much as 3.03 percent in early deals.
It matched the longest falling streak since early March 2003, when it had fallen for six days in a row. The index had fallen 5.4 percent last week and is 7.4 percent off a lifetime high of 20,238.16 hit on Oct. 30.
"One reason for this fall is the global markets and the other one is foreign fund flows -- some selling, some slowdown that we have witnessed in the last one week," said Neeraj Dewan, director at Quantum Securities in New Delhi.
Technology stocks Infosys Technologies, Tata Consultancy, Wipro and Satyam Computer, and index heavyweight Reliance Industries, which together account for more than a quarter of the total weightage in the main index, led the drop.
Foreign inflows have slowed this month after the market regulator curbed the use of participatory notes used by unregistered foreigners to buy Indian shares, while the lingering credit worries in the United States have also weighed.
Data showed foreign portfolio investors have been sellers of around $300 million in the first six sessions in November, trimming their net purchase in 2007 to about $17 billion.
"All eyes will be now on the foreign fund flows. If we see positive figures then a recovery is possible. But I think the pace at which they have invested in the last few months will slow down," Dewan said.
D.D. Sharma, vice-president at local brokerage Anand Rathi Securities, said fresh investment by the foreigners could only be expected in January next year.
"I don't think foreign investors are going to inject fresh funds at this fag end of the year. We will see fresh money only in January. So we are advising to book profit," he said.
Shares in Reliance Industries, India's most-valuable firm, fell 2.2 percent to 2,676.95 rupees. The stock, which hit an all-time high of 3,235 rupees in a special trading session on Friday, had fallen more than 4 percent early on Monday.
Shares in software services firms fell as disappointing news from technology companies in the United States raised concerns that the fallout from the credit crisis was hurting demand from key customers.
Bellwether Infosys lost 3.6 percent to 1,641.95 rupees, its lowest close in almost 1-1/2 years. Sector leader Tata Consultancy fell more than 2 percent, while fourth-largest Satyam lost more than 3 percent.
But top tobacco maker ITC Ltd rose 5.3 percent to 177.85 rupees. Macquarie Securities said on Monday it had raised its 12-month target price on the stock by 12 percent to 225 rupees.
In the broader market, 1,685 losers outpaced 987 gainers on volume of 387.1 million shares.
The 50-share NSE index was down 0.81 percent at 5,617.10.
Elsewhere in the region Karachi's 100-share index rose 1.73 percent to 13,656.25, while Colombo added 0.46 percent to 2,631.43.
STOCKS THAT MOVED:
* Steel maker Ispat Industries Ltd hit a life high of 39.85 rupees before closing 8.2 percent up at 38.95 rupees after 4.44 million shares, or 0.36 percent of the equity, changed hands on the BSE in block deals at between 36.55-38.20 rupees each.
* Suryachakra Power Corp Ltd rose nearly 20 percent to a new high of 33.45 rupees after it tied up with state-run China Guodian Corp for a proposed 1,200 megawatt coal-based project in India. It also tied up coal supplies with Indonesia's Central Korporindo International Tbk for steam coal.
TOP THREE BY VOLUME
* Ispat Industries on 43.8 million shares
* Reliance Natural Resources on 21.9 million shares
* Essar Oil on 15.7 million shares
http://in.news.yahoo.com/071112/137/6n4j6.html
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.yahoo.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Sensex extends losses, ends 170 pts down
Sensex extends losses, ends 170 pts down
A splendid rally in afternoon trade notwithstanding, the Sensex ended in the negative territory with a big loss for the sixth successive session (including the one on November 9, 2007) today. Bank, capital goods, power and metal stocks, among the severely hammered in morning trade, were the ones to bounce back strongly towards the end of the session.
Auto, healthcare and PSU stocks too rebounded smartly. Oil and information technology stocks failed to find support. Select midcap stocks regained lost ground and posted sharp gains.
According to a data released by the government this afternoon, India's industrial output in September 2007 rose 6.4% from a year earlier, sharply lower than annual growth of 10.7% in August 2007 due to sluggish manufacturing and electricity output. Manufacturing production rose 6.6% in September 2007 from a year earlier, compared with a provisional annual growth of 10.4% in August 2007.
While deepening crisis in the US subprime market dented investor confidence in morning trade, short-covering in select blue chip stocks and a recovery in European markets pulled the indices out from lower levels during the final hour of trade.
The Sensex, which crashed by nearly 575 points to 18,333.21 in early trade this morning, ended with a loss of 170.33 points or 0.9% at 18,737.27, around 74 points down from a high of 18,815.11 it touched in late afternoon trade. The Nifty settled at 5617.10, down 0.81% or 46.15 points from its previous closing mark. In intra-day trades today, the Nifty touched a low of 5477.50.
FMCG heavyweights ITC (5.3%) and Hindustan Unilever (2.85%) ruled firm almost right through the session. NTPC powered its way up smartly to record a handsome gain of 5.05%. State Bank of India, which rallied to a high of Rs 2252.90, settled with a gain of 3.45% at Rs 2237.15. Cipla (2.6%), Hindalco (2.3%), Ambuja Cements (1.45%) and Grasim Industries (1.3%) ended on a firm note.
Larsen & Toubro, which tumbled to Rs 3969 in early trade, ended at Rs 4167.302, netting a gain of nearly a per cent. ICICI Bank and Maruti Suzuki closed with modest gains at Rs 1146.65 and Rs 993.20 respectively. Nifty stock Siemens notched up a gain of 3.25%. SAIL moved up by around 2.3%. Punjab National Bank, Sun Pharmaceuticals, Unitech, Tata Power, Nalco and GlaxoSmithKline Pharma ended with sharp to moderate gains.
ONGC, the biggest loser from the Sensex pack, eased by as much as 4.75%. Bharti Airtel closed with a loss of 4.25%. HDFC Bank lost a little over 4%. Infosys Technologies (down 3.6%), Satyam Computer Services (down 3.2%), Mahindra & Mahindra (down 3.15%), Bajaj Auto (down 2.8%), Tata Steel (down 2.25%), Tata Consultancy Services (down 2.2%), Reliance Industries (down 2.15%) and Reliance Communications (down 2.05%) went down sharply.
ACC, Tata Motors, BHEL, Ranbaxy Laboratories and Reliance Energy lost 1% - 2% from their previous closing levels. Wipro ended with a loss of a little over half a per cent. HDFC, which moved in a tight band today, closed 0.4% down at Rs 2512.60. GAIL India, Hindustan Petroleum Corporation, Sterlite Industries, Reliance Petroleum, ABB, MTNL, HCL Technologies, Suzlon Energy, Zee Entertainment, BPCL and VSNL finished with sharp losses today.
Neyveli Lignite Corporation vaulted 16.55% to Rs 194.70. Mangalore Refineries & Petrochemicals zoomed 14.45% to Rs 99.20. Essar Oil jumped nearly 11.5%. i-Flex Solutions posted a hefty gain of 9.45%. Mirc Electronics, Welspun Gujarat, HMT, Balaji Telefilms, Ispat Industries, IDFC, Bongaigaon Refinery and iGate Global Solutions moved up by 6% - 9% today.
Century Textiles, Chennai Petroleum Corporation, Syndicate Bank, Aban Offshore, Jindal Steel, IDBI, Sesa Goa, Tata Chemicals, Dish TV, Balrampur Chini, Bajaj Hindustan, Sintex Industries, Biocon, JP Hydropower, Tanla Solutions and IFCI were among the other prominent gainers today.
Lanco Infratech, United Phosphorus, Bank of India, Puravankara Projects, Asian Paints, Jet Airways, DLF, ING Vysya Bank, Pidilite Industries, Century Enka, Cadila Healthcare, IPCA Laboratories, Union Bank of India, Aditya Birla Nuvo, Nicholas Piramal and Arvind Mills ended with sharp losses. The market breadth, despite some strong buying in late afternoon trade, remained weak. Out of 2768 stocks traded on BSE today, 1697 stocks ended in the negative territory. 1017 stocks closed on a positive note and 54 stocks ended unchanged from their previous closing levels.
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A splendid rally in afternoon trade notwithstanding, the Sensex ended in the negative territory with a big loss for the sixth successive session (including the one on November 9, 2007) today. Bank, capital goods, power and metal stocks, among the severely hammered in morning trade, were the ones to bounce back strongly towards the end of the session.
Auto, healthcare and PSU stocks too rebounded smartly. Oil and information technology stocks failed to find support. Select midcap stocks regained lost ground and posted sharp gains.
According to a data released by the government this afternoon, India's industrial output in September 2007 rose 6.4% from a year earlier, sharply lower than annual growth of 10.7% in August 2007 due to sluggish manufacturing and electricity output. Manufacturing production rose 6.6% in September 2007 from a year earlier, compared with a provisional annual growth of 10.4% in August 2007.
While deepening crisis in the US subprime market dented investor confidence in morning trade, short-covering in select blue chip stocks and a recovery in European markets pulled the indices out from lower levels during the final hour of trade.
The Sensex, which crashed by nearly 575 points to 18,333.21 in early trade this morning, ended with a loss of 170.33 points or 0.9% at 18,737.27, around 74 points down from a high of 18,815.11 it touched in late afternoon trade. The Nifty settled at 5617.10, down 0.81% or 46.15 points from its previous closing mark. In intra-day trades today, the Nifty touched a low of 5477.50.
FMCG heavyweights ITC (5.3%) and Hindustan Unilever (2.85%) ruled firm almost right through the session. NTPC powered its way up smartly to record a handsome gain of 5.05%. State Bank of India, which rallied to a high of Rs 2252.90, settled with a gain of 3.45% at Rs 2237.15. Cipla (2.6%), Hindalco (2.3%), Ambuja Cements (1.45%) and Grasim Industries (1.3%) ended on a firm note.
Larsen & Toubro, which tumbled to Rs 3969 in early trade, ended at Rs 4167.302, netting a gain of nearly a per cent. ICICI Bank and Maruti Suzuki closed with modest gains at Rs 1146.65 and Rs 993.20 respectively. Nifty stock Siemens notched up a gain of 3.25%. SAIL moved up by around 2.3%. Punjab National Bank, Sun Pharmaceuticals, Unitech, Tata Power, Nalco and GlaxoSmithKline Pharma ended with sharp to moderate gains.
ONGC, the biggest loser from the Sensex pack, eased by as much as 4.75%. Bharti Airtel closed with a loss of 4.25%. HDFC Bank lost a little over 4%. Infosys Technologies (down 3.6%), Satyam Computer Services (down 3.2%), Mahindra & Mahindra (down 3.15%), Bajaj Auto (down 2.8%), Tata Steel (down 2.25%), Tata Consultancy Services (down 2.2%), Reliance Industries (down 2.15%) and Reliance Communications (down 2.05%) went down sharply.
ACC, Tata Motors, BHEL, Ranbaxy Laboratories and Reliance Energy lost 1% - 2% from their previous closing levels. Wipro ended with a loss of a little over half a per cent. HDFC, which moved in a tight band today, closed 0.4% down at Rs 2512.60. GAIL India, Hindustan Petroleum Corporation, Sterlite Industries, Reliance Petroleum, ABB, MTNL, HCL Technologies, Suzlon Energy, Zee Entertainment, BPCL and VSNL finished with sharp losses today.
Neyveli Lignite Corporation vaulted 16.55% to Rs 194.70. Mangalore Refineries & Petrochemicals zoomed 14.45% to Rs 99.20. Essar Oil jumped nearly 11.5%. i-Flex Solutions posted a hefty gain of 9.45%. Mirc Electronics, Welspun Gujarat, HMT, Balaji Telefilms, Ispat Industries, IDFC, Bongaigaon Refinery and iGate Global Solutions moved up by 6% - 9% today.
Century Textiles, Chennai Petroleum Corporation, Syndicate Bank, Aban Offshore, Jindal Steel, IDBI, Sesa Goa, Tata Chemicals, Dish TV, Balrampur Chini, Bajaj Hindustan, Sintex Industries, Biocon, JP Hydropower, Tanla Solutions and IFCI were among the other prominent gainers today.
Lanco Infratech, United Phosphorus, Bank of India, Puravankara Projects, Asian Paints, Jet Airways, DLF, ING Vysya Bank, Pidilite Industries, Century Enka, Cadila Healthcare, IPCA Laboratories, Union Bank of India, Aditya Birla Nuvo, Nicholas Piramal and Arvind Mills ended with sharp losses. The market breadth, despite some strong buying in late afternoon trade, remained weak. Out of 2768 stocks traded on BSE today, 1697 stocks ended in the negative territory. 1017 stocks closed on a positive note and 54 stocks ended unchanged from their previous closing levels.
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Labels:
ends 170 pts down,
Sensex extends losses
Corporate/Personailty of the Day
Victor Menezes
Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.
For more, Visit: http://en.wikipedia.org/wiki/Victor_Menezes
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.
Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.
For more, Visit: http://en.wikipedia.org/wiki/Victor_Menezes
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Labels:
Corporate/Personailty of the Day
11 November 2007
Sundaram Energy Oppor. (G) Fund
Profile
Issue Open 12-Nov-2007
Issue Close 11-Dec-2007
Scheme Objective
Sundaram Energy Oppor. (G)
Sundaram BNP Paribas Select Thematic Funds Energy Opportunities, is a thematic close-end equity scheme. The investment objective of the Scheme would be to seek long term capital appreciation by investing primarily in the equity and equity related instruments of companies in the domestic market that predominantly focus on or benefit from, directly or indirectly, the opportunities and developments in the energy sector.
Mutual Fund Family
Sundaram BNP Paribas Asset Mgmt. Co Ltd
Fund Class
Equity - Others
Fund Type
Close-Ended
Investment plan
Growth
Fund Manager
S.Krishnakumar
Entry Load
0.00 %
Exit Load
0.00 %
Comment
During the close-end period redemption will be permitted at NAV after deduction of proportionate unamortized initial issue expenses.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.easymf.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Issue Open 12-Nov-2007
Issue Close 11-Dec-2007
Scheme Objective
Sundaram Energy Oppor. (G)
Sundaram BNP Paribas Select Thematic Funds Energy Opportunities, is a thematic close-end equity scheme. The investment objective of the Scheme would be to seek long term capital appreciation by investing primarily in the equity and equity related instruments of companies in the domestic market that predominantly focus on or benefit from, directly or indirectly, the opportunities and developments in the energy sector.
Mutual Fund Family
Sundaram BNP Paribas Asset Mgmt. Co Ltd
Fund Class
Equity - Others
Fund Type
Close-Ended
Investment plan
Growth
Fund Manager
S.Krishnakumar
Entry Load
0.00 %
Exit Load
0.00 %
Comment
During the close-end period redemption will be permitted at NAV after deduction of proportionate unamortized initial issue expenses.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.easymf.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
Sundaram Energy Oppor. (G) Fund
B-School News from Coolavenues.Com
Finance / Consulting Assignments Popular Choice of Students at XLRI Summer Placements
The Summer Placement Process at XLRI was a resounding success, with the crème-de-la-crème of the corporate world vying for the best talents of this country. The profiles offered varied from Hedge Funds to Retail Banking, Strategy Consulting to Human Resources, and Branding to Operations.
With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the Batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers. Other premier recruiters include Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo!, etc.
XLRI makes Inroads into Finance & Economics
XLRI's core strength lies in its fundamentals of faculty and student quality. XLRI today boasts of a faculty size of twenty in the area of Finance and Economics, which is unrivalled across B-school campuses in India. This long-term vision of XLRI has produced excellent results in terms of the recruiters visiting XLRI such as Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the premier traditional recruiters like J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. 27% of the students signed out with offers from the Finance sector.
Top Consults Prefer XLRI
XLRI strengthened its relationships with the Consulting Prima Donnas with 21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. The consulting clique was further enriched by the esteemed additions of PricewaterhouseCoopers and Tishman Speyers International Consulting.
The Place to be for Marketing Professionals
XLRI's proven track record as an FMCG favourite was reinforced by the active participation of top organizations - Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser. 37% of the students signed out with offers from FMCG / Manufacturing firms.
For more, Visit: http://www.coolavenues.com/bschools/071105/xlri-summers-1.php
-----------------------------------
Placements 2007
With CoolAvenues expanding the scope of its Annual Placements Survey to include FPM / Executive MBA / One-year MBA Programs as well, online coverage is going to be much more entensive and exciting... keep checking out this space for latest updates, as Indian B-schools go to placements.
----------------------------------
Admission Alerts!
New! + 2-Year Full-Time PG Programme in Computer Aided Management (PGDCM) at IIM Calcutta
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at K. J. Somaiya Institute, Mumbai
New! + Distance & Open Learning Mgmt Programs by IICT, Lucknow
New! + 1-Year Full-Time PG Program in Business Management at Great Lakes Institute, Chennai
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at S. P. Jain Institute, Mumbai
New! + 2-Year Full-Time Masters in Business Administration - Telecom Management (MBA-TM) at SITM, Pune
New! + 3-Year Part-Time Masters Degree at Welingkar Institute, Mumbai
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The Summer Placement Process at XLRI was a resounding success, with the crème-de-la-crème of the corporate world vying for the best talents of this country. The profiles offered varied from Hedge Funds to Retail Banking, Strategy Consulting to Human Resources, and Branding to Operations.
With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the Batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers. Other premier recruiters include Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo!, etc.
XLRI makes Inroads into Finance & Economics
XLRI's core strength lies in its fundamentals of faculty and student quality. XLRI today boasts of a faculty size of twenty in the area of Finance and Economics, which is unrivalled across B-school campuses in India. This long-term vision of XLRI has produced excellent results in terms of the recruiters visiting XLRI such as Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the premier traditional recruiters like J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. 27% of the students signed out with offers from the Finance sector.
Top Consults Prefer XLRI
XLRI strengthened its relationships with the Consulting Prima Donnas with 21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. The consulting clique was further enriched by the esteemed additions of PricewaterhouseCoopers and Tishman Speyers International Consulting.
The Place to be for Marketing Professionals
XLRI's proven track record as an FMCG favourite was reinforced by the active participation of top organizations - Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser. 37% of the students signed out with offers from FMCG / Manufacturing firms.
For more, Visit: http://www.coolavenues.com/bschools/071105/xlri-summers-1.php
-----------------------------------
Placements 2007
With CoolAvenues expanding the scope of its Annual Placements Survey to include FPM / Executive MBA / One-year MBA Programs as well, online coverage is going to be much more entensive and exciting... keep checking out this space for latest updates, as Indian B-schools go to placements.
----------------------------------
Admission Alerts!
New! + 2-Year Full-Time PG Programme in Computer Aided Management (PGDCM) at IIM Calcutta
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at K. J. Somaiya Institute, Mumbai
New! + Distance & Open Learning Mgmt Programs by IICT, Lucknow
New! + 1-Year Full-Time PG Program in Business Management at Great Lakes Institute, Chennai
New! + 2-Year Full-Time PG Diploma in Management (PGDM) at S. P. Jain Institute, Mumbai
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We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Business Stories/Articles
The Economic Times.Com
US-listed Indian firms lose $20 bn in mkt value
World Bank ranks India at 39th in global trade logistics
Ambanis rule supreme at Samvat 2064
Stock markets: Where next?
US stocks fell for the third day
Indo-China should tie up for growth
India to be 3rd largest oil importer
Coffee exports dip 14 pc
CII disputes growth claims, says slowdown in 17 sectors
'High crude prices biggest downside risk to economy'
Indian saris, jewellery on display in Islamabad
'Om Shanti Om' beats 'Saawariya' at the box office
Punjab farmers paid Rs 7,171 crore by state agencies
Provident Fund money may find its way to capital market
Ambani brothers to thrash out gas deal across table
Google to acquire 30 pc stake in seed-stage fund (
Four Bajaj Hindusthan sugar mills to go on-stream soon
KEC eyes Rs 900-cr overseas business in next 2 months
------------------------------
BusinessLine.in
Strong rupee, competition weaken pharma earnings
‘Farmers get only half the price consumers pay’
India Inc holds on to margins
Reliance Cap, Cummins step into the top fifty stocks
Index Outlook
PVR Ltd: Buy
Nicholas Piramal: Buy
KPIT Cummins: Buy
Prominent bulk deals on NSE & BSE
Fund Update
HDFC Capital Builder: Hold
Birla Infrastructure Fund: Capital goods pruned
Query Corner
Trader's Corner
Bull's Eye
Edelweiss Capital: Invest at cut-offMore
----------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com www.businessline.in for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
US-listed Indian firms lose $20 bn in mkt value
World Bank ranks India at 39th in global trade logistics
Ambanis rule supreme at Samvat 2064
Stock markets: Where next?
US stocks fell for the third day
Indo-China should tie up for growth
India to be 3rd largest oil importer
Coffee exports dip 14 pc
CII disputes growth claims, says slowdown in 17 sectors
'High crude prices biggest downside risk to economy'
Indian saris, jewellery on display in Islamabad
'Om Shanti Om' beats 'Saawariya' at the box office
Punjab farmers paid Rs 7,171 crore by state agencies
Provident Fund money may find its way to capital market
Ambani brothers to thrash out gas deal across table
Google to acquire 30 pc stake in seed-stage fund (
Four Bajaj Hindusthan sugar mills to go on-stream soon
KEC eyes Rs 900-cr overseas business in next 2 months
------------------------------
BusinessLine.in
Strong rupee, competition weaken pharma earnings
‘Farmers get only half the price consumers pay’
India Inc holds on to margins
Reliance Cap, Cummins step into the top fifty stocks
Index Outlook
PVR Ltd: Buy
Nicholas Piramal: Buy
KPIT Cummins: Buy
Prominent bulk deals on NSE & BSE
Fund Update
HDFC Capital Builder: Hold
Birla Infrastructure Fund: Capital goods pruned
Query Corner
Trader's Corner
Bull's Eye
Edelweiss Capital: Invest at cut-offMore
----------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com www.businessline.in for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
BSE Launches 'BSE Power Index'
In the continued efforts of providing quality benchmarks, BSE announces launch of ‘BSE Power Index’ on the eve of ‘Festival of Light’. The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipments required for power generation.
The Salient features of BSE Power index are as follows:Base Date: January 3, 2005Base Index Value: 1000Calculation Methodology: Free-float MethodologyNo. of Scrips on launch date: 14Historical Values: Available since January 3, 2005This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.
The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively.
These 3 stocks together forms almost 50% weightage of the index.The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective November 9, 2007.Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.
Source: Equity Bulls
Posted On: 11/9/2007 10:53:35 AM
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.equitybulls.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The Salient features of BSE Power index are as follows:Base Date: January 3, 2005Base Index Value: 1000Calculation Methodology: Free-float MethodologyNo. of Scrips on launch date: 14Historical Values: Available since January 3, 2005This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.
The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively.
These 3 stocks together forms almost 50% weightage of the index.The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective November 9, 2007.Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.
Source: Equity Bulls
Posted On: 11/9/2007 10:53:35 AM
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.equitybulls.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
BSE Launches 'BSE Power Index'
Job alerts and blog roundup
Financial Openings in Ernst and Young,India
Opportunities exist in:
Direct & Indirect Tax
SOX Compliance
Due Diligence
Send resume to:careers.ey@in.ey.com with subject line as:Feedback from ey.com
For more information visit company site at:http://www.ey.com/global/content.nsf/India/Careers
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Su-Raj Diamonds & Jewellery Ltd-
Low Price High Potential Stock
Company:Su-Raj Diamonds & Jewellery Ltd.Industry:Diamond Cutting/Precious Metals/Jewellery CMP:56.00 PE Ratio:4.70Recommendation:Performer
--------------------------------------------
Burnpur Cement Limited IPO opens for subscription on 28th
Pyramid Saimira Production Unit IPO by month end
By Bullish Indian
-------------------------------------------
Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.
Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.
Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.
Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors
Further, Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
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BSE Introduces Online Registration & Electronic Payment Gateway
Sequoia Capital and Hudson Equity to invest in Manappuram General Finance
Himadri Chemicals to issue warrants to Citigroup, promoters
Gujarat NRE Coke to issue securities
Orbit Corporation allots NCDs
KS Oils allots shares for GDR
------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.kpowave.blogspot.com and that authors other blogs and www.equitybulls.com www.bullishindian.com www.bsensedaily.com and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Request viewers to make verification about the information and take own risk/decision in stock buying. Blog is not responsible for any faulty information.
Opportunities exist in:
Direct & Indirect Tax
SOX Compliance
Due Diligence
Send resume to:careers.ey@in.ey.com with subject line as:Feedback from ey.com
For more information visit company site at:http://www.ey.com/global/content.nsf/India/Careers
--------------------------------------
Su-Raj Diamonds & Jewellery Ltd-
Low Price High Potential Stock
Company:Su-Raj Diamonds & Jewellery Ltd.Industry:Diamond Cutting/Precious Metals/Jewellery CMP:56.00 PE Ratio:4.70Recommendation:Performer
--------------------------------------------
Burnpur Cement Limited IPO opens for subscription on 28th
Pyramid Saimira Production Unit IPO by month end
By Bullish Indian
-------------------------------------------
Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.
Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.
Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.
Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors
Further, Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th
------------------------------------------
BSE Introduces Online Registration & Electronic Payment Gateway
Sequoia Capital and Hudson Equity to invest in Manappuram General Finance
Himadri Chemicals to issue warrants to Citigroup, promoters
Gujarat NRE Coke to issue securities
Orbit Corporation allots NCDs
KS Oils allots shares for GDR
------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.kpowave.blogspot.com and that authors other blogs and www.equitybulls.com www.bullishindian.com www.bsensedaily.com and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Request viewers to make verification about the information and take own risk/decision in stock buying. Blog is not responsible for any faulty information.
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