India's 40 Richest : Forbes

India's 40 Richest : Forbes

These are heady times for India's richest. Thanks to a roaring Bombay stock market whose benchmark index was up 53% in the past year, and a strong rupee that appreciated 12%, for the first time all India rich listers are billionaires. In aggregate, their wealth surged to $351 billion, a bit more than double last year's $170 billion, making India's 40 by far the wealthiest such group of all in Asia. The four richest Indians are worth an astonishing $180 billion. Together the foursome are worth more than the forty richest Chinese combined. More...

THE LIST :
http://www.forbes.com/home_asia/business/2007/11/13/india-billionaires-richest-biz-07india-cx_nk_1114india_land.html

Top 10 out of 40

Lakshmi Mittal
Mukesh Ambani
Anil Ambani
Kushal Pal Singh
Azim Premji

Sunil Mittal
Shashi & Ravi Ruia
Ramesh Chandra
Kumar Birla
Tulsi Tanti


And more, Visit: http://www.forbes.com/feeds/ap/2007/11/15/ap4342235.html


Related articles: These four Indians are worth $180 billion

The four richest Indians are worth an astonishing $180 billion (Rs 7.1 trillion). Steel tycoon Lakshmi Mittal, who lives in London, is No. 1 again, worth $51 billion (Rs 2 trillion), but Mukesh Ambani, whose Reliance Industries [Get Quote] is India's most valuable company, is quickly closing the gap. His net worth jumped $30.5 billion (Rs 1.2 trillion) to $49 billion (Rs 1.92 trillion), making him the year's biggest gainer. His estranged brother Anil is close on his heels, up $30.2 billion (Rs 1.18 trillion) to $45 billion (Rs 1.76 trillion).

In pictures:
India's 40 richest
The top 10 Indian billionaires

In pictures:
The world's billionaires
Billionaires Asia-Pacific

In pictures:
Fallen billionaires
Billionaire family feuds


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Sensex ends 144 pts down; Oil stocks flare up

NSE
5912.10 -25.80
BSE
19784.89 -144.17

After a volatile and weak start, the Sensex emerged into the positive territory this morning but faltered within the next few minutes as information technology and bank stocks tumbled sharply on selling pressure. Profit taking after yesterday's historic surge and weak global markets rendered the several large cap stocks highly subdued right through the session today.
While the Sensex ended the session with a loss of 144.17 points or 0.72% at 19,784.89, the Nifty closed with a loss of 0.43% or 25.80 points at 5912.10.

Thanks to hectic buying almost right till the end of the session, a number of oil stocks closed with impressive gains. A host of FMCG, fertilizer and realty stocks too finished with handsome gains. Power stocks met with profit taking and dropped down to lower levels. Reliance Energy (down 3.45%), Wipro (down 3.1%), Infosys Technologies (down 3.1%), HDFC Bank (down 2.85%), NTPC (down 2.85%), ICICI Bank (down 2.25%), BHEL (down 1.75%), State Bank of India (down 1.6%), Grasim Industries (down 1.3%), HDFC (down 1.3%) and Tata Motors (down 1.15%) ended with sharp losses.

Pharma majors Cipla, Ranbaxy Laboratories and Dr. Reddy's Laboratories eased by 1.15%, 0.99% and 0.8% respectively. Hindalco lost 0.9%. Reliance Industries and Hindustan Unilever weakened by around half a per cent. Satyam Computer Services, Tata Consultancy Services and Maruti Suzuki ended with marginal losses. ACC, Bajaj Auto and Reliance Communications ended flat.

Bharti Airtel, which zoomed to Rs 922 in intra-day trades, ended with a smart gain of 4.75% at Rs 900.10. ITC closed 3.55% up at Rs 189.65. Mahindra & Mahindra, ONGC, Tata Steel, Ambuja Cements and Larsen & Toubro closed with marginal gains. BPCL and Hindustan Petroleum Corporation vaulted 17.85% and 15.2% respectively. Siemens, VSNL, MTNL, Hero Honda, Suzlon Energy, Zee Entertainment, Unitech, Nalco and SAIL were among the other prominent gainers from the Nifty index.

Tata Power eased by 4.85%. ABB, Punjab National Bank, GAIL India, Reliance Petroleum, Sun Pharmaceuticals and GlaxoSmithKline Pharma also ended on a weak note. Essar Oil (30.5%) was among the most sought after stocks today. Bongaigaon Refinery shot up by 30.15%. Mangalore Refineries & Petrochemicals (22.1%), Chennai Petroleum Corporation (11.85%) and Indian Oil Corporation (10.25%) also moved up strong volumes today.

Among midcap stocks, Motilal Oswal, Essar Steel, Essar Shipping, Hotel Leelaventure, Networth Financial Services, Wire & Wireless, Madras Aluminium, IndusInd Bank, Coromandel Fertilizers, Petronet LNG, Usha Martin, Development Credit Bank, National Fertilizers, Shree Precoated Steels, Mahindra Gesco, Balaji Telefilms, India Infoline and ABG Shipyard were among the top gainers today.

Smallcap stocks Manali Petro, Chemplas Sanmar, Andhra Petro, South Asian Pipes, Gabriel, DCW, Mangalore Chemicals & Fertilizers, DS Kulkarni Developers, Eveready Industries, SREI Infrastructure, Munjal Showa, Indraprastha Medicals, Gujarat Ambuja Exports, Dolphin Offshore, Suraj Diamond, Ciba Specialities and Khaitan Electricals flared up to higher levels.
Though it was a highly negative close for the indices, the market breath remained strong thanks to sustained buying in several midcap and smallcap stocks. Out of 2849 stocks traded on BSE today, 1808 stocks closed with gains. 988 stocks ended in the negative territory and 53 stocks settled at their previous closing levels.

Bankers see stable interest rates

Sify partners with Californian firm

TCS wins $200 m Mexico deal

Silverline Tech gets nod for issue

L&T consortium gets $148 m order

Iraq threatens to bar RIL from future oil contracts.

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Corporate/Personailty of the Day

Pradeep Sindhu

Pradeep Sindhu (1953, Mumbai, India) is the serving Chief Technical Officer of Juniper Networks Inc.
Sindhu founded Juniper Networks along with Dennis Ferguson, and Bjorn Liencres in February 1996 in California. The company was subsequently reincorporated in Delaware on March 1998 in and went public on the 25th of June, 1999.
Sindhu was instrumental in the architecture, design, and development of the Juniper M40 while running the company.
Sindhu had worked at the Computer Science Lab of Xerox PARC for 11 years. Sindhu worked on design tools for VLSI and high-speed interconnects for shared-memory multiprocessors.

For more, Visit: http://en.wikipedia.org/wiki/Pradeep_Sindhu



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About : Fortune Magazine, Forbes Magazine

Fortune (magazine)
http://en.wikipedia.org/wiki/Fortune_Magazine

Fortune magazine is an American business magazine founded by Henry Luce in 1930. His publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner, the world's largest media conglomerate, before it was acquired by AOL in 2000.[1] Its primary competitors in the national business magazine category are Forbes, which is also published bi-weekly, and BusinessWeek. Fortune is currently published by the company's Time Inc. subsidiary. The magazine is especially known for its annual features ranking companies by revenue.
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Fortune 500
http://en.wikipedia.org/wiki/Fortune_500

The Fortune 500 is a ranking of the top 500 American public corporations as measured by gross revenue, although eligible companies are any for which revenues are publicly available (which is a larger universe than "public companies", as the term is commonly understood, meaning "companies having common stock that trades on a stock exchange"). Fortune magazine compiles and publishes the list annually.The Fortune 100 is a frequently used term used to reference the top 100 firms in this same list.The Fortune 1000 refers to the top 1000 firms ranked according to the same methodology.

Fortune Global 500
Fortune 1000

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

Forbes is an American publishing and media company. Its flagship publication, Forbes magazine, is published bi-weekly. Its primary competitors in the national business magazine category are Fortune, which is also published bi-weekly, and BusinessWeek. Today the magazine is known for its lists, including its lists of the richest Americans (the Forbes 400) and its list of billionaires.

Forbes Global 2000


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VC Updates from VCCircle.Com, Indiape.Com

VCCIRCLE.Com

CLSA To Boost PE Investments To $3 Billion; To Expand Investment Banking In India
Shriram Transport Finance To Raise Rs 360 Crore From Tiger, Blue Ridge, Kampani

KR Choksey Too Wants To Raise Private Equity
Lok Capital Gets $2.5M From Accion; To Close First Fund At $20M By Jan ‘08

News Roundup: DLF Buys Luxury Spa Amanresorts; Calsoft Picks Up US Firm
Trikona Capital To Raise Rs 1,500 Crore Domestic Real Estate Fund

Guruji May Close Under $10 Million In Series B From Sandstone Capital
Kleiner Perkins To Zero In On Solar, Distributed Generation Space In India

Cafe Coffee Day To Raise $95 Million From DB, Templeton Darby
Kleiner Perkins Takes On Al Gore As Partner; To Up Cleantech Investments

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INDIAPE.Com

Trikona Capital to raise Rs1,500 cr India realty fund
Footprint Ventures to focus on India-US-Israel triangle

DLF buys Amanresorts for $250 million
VC funds bet on e-learning, digital media firms in October

Private equity investors to take 10% stake in ABCTL’s retail business
Infinity FCS buys 25% in Brazil's Lumiere


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Blog Roundup

Orient Paper Stock Split

Religare IPO Allotment is out

Kaushalya Infrastructure IPO to open on 20th November

Satra Property 2:1 Bonus issue cleared

Jyothi Laboratories IPO Subscription begins on November 22nd

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Industry:Textiles - General
Recommendation:Outperformer

Greaves Cotton Ltd-Undervalued Stock Pick
Company:Greaves Cotton Ltd
Industry:Engines
Recommendation:Performer

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India Shines

Seven Indian firms among world's 1,250 top R&D investors

Tata Motors, India's most valued automobile firm, and drugmaker Ranbaxy are among the seven Indian firms in the world's top 1,250 companies ranked on the basis of investments in research and development. According to a study by the UK government, the world's top 1,250 R&D investment companies together spent 244 billion pounds ($507 billion) in 2006, up 10 per cent from the previous year.

Companies from the US, Japan, Germany, France and the UK dominated the rankings and contributed 81 per cent of R&D by the G1250, the list of world's biggest investors. In contrast, the seven Indian companies spent just about 557 million dollars on research and development activities. "Firms from India and China have yet to establish themselves as significant players in the G1250, although other evidence suggests that both countries are increasingly important locations for R&D," the British government's Department for Innovation, Universities and Skills said in its "2007 R&D Scoreboard" report, released earlier this week. The study also included a list of top 850 UK firms, whose R&D spending grew by nine per cent to 20.9 billion pounds. The global list of 1,250 companies included 75 UK firms.

Just one Indian company managed a place in top 500, while the top-1000 list included four companies from India. Tata Motors was the top ranked Indian firm (401st; 91.99 million pounds; followed by Ranbaxy (683rd; 45.82 million pounds), Kpit Cummins Infosystems (861; 33.29 million pounds) and Dr Reddy's Labs (971; 28.24 million pounds). Mindtree Consulting (ranked 1,079; 23.84 million pounds), Sun Pharma (1,102; 23.25 million pounds) and Mahindra and Mahindra (1,147; 21.74 million pounds) completed the list of Indian firms.


Three Indians among Europe's 100 power-women bankers

Women are scarce in top echelons of domestic banks, except for a few like ICICI Bank, but the fairer-sex bankers of Indian origin are making it big in the West with three of them being named among 100 most powerful women in the European financial world. Julie Chakraverty, the youngest Managing Director and a board member at Swiss banking giant UBS; Ina De, Europe head of new equity issues at JPMorgan; and Rita Dhut, head of value investments at leading UK fund manager Morley Fund Management have been named among the Europe's most influential bankers by the Financial News weekly in its "FN-100 Women" list. This is despite banking and financial sectors being long considered as a men's territory in India as well as abroad.

In India, there are just about half a dozen women bankers holding top management level positions across various banks, with the country's biggest private sector lender ICICI Bank accounting for more than half of them. Chanda Kochhar was recently promoted as Joint Managing Director at ICICI bank and is being tipped as the next CEO after K V Kamath retires next year. Besides, the bank has Vishakha Mulye as Executive Director of ICICI General Insurance business, Renuka Ramnath as chief of ICICI Ventures and Shikha Sharma heading its life insurance business. Besides ICICI Bank, state-run Central Bank has a women as its Chairman and MD (H A Daruwalla) and mortgage lender HDFC has Renu Karnad as an executive director. "When it comes to success, gender is less of a barrier, as banking and finance, the sectors which were once considered to be a hard-core man's territory has been breached by plenty of fairer sex," Financial News said.


Adobe appoints Shantanu Narayen as its new president

India to be one of the three major economic powerhouses: Ken

Tata's supercomputer Eka is fastest in Asia


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Other Corp.News, International News

ET

Columbia Asia Group, DLFH to develop hospitals
MindTree Consulting acquires TES-Purple Vision
Apr-Oct indirect tax receipts up 11.9% y/y
ArcelorMittal Q3 core profit above expectations
DLF buys Amanresorts for $250 mn
United Spirits to invest Rs 100 cr at Baramati winery


Myiris.Com

Essar Oil`s board to mull further issue of securities
Amtek India inks technical collaboration pact with Teksid
India invites investment for 35 non-metro airports
India invites investment for 35 non-metro airports
MindTree to buy 100% equity stake in TES-PV Electronic
Wrap Up: Bulls have a party

NIIT inks MoU with Key Curriculum Press to launch Math Lab
Orient Paper`s board approves 1:10 stock split
Maytas, Nagarjuna consortium bags 2 airport projects
Active Stock: Valecha Engineering climbs 11% on bagging Rs 1 bn worth projects
CESC bags coal block from Coal ministry
RIL, Essar raise fuel prices

RCF likely to team up with GAIL
DLF to acquire Amanresorts


International News
From ET

Shantanu Narayen to replace Chizen as Adobe CEO
HSBC may hike Q3 write-downs by 83%
Microsoft says to boost investment in Embedded
Qantas to buy 188 new aircraft for Asia push
Airbus says has first order for VIP version of A350
UAE announces new steps to protect rights of foreign workers
Porsche seeks to allay Volkswagen's fears over likely takeover
Spiraling basmati rice prices hit Kuwaiti families hard
Qualcomm to buy banking technology firm for $210 mn


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Corporate headlines from ET

Economic Times.Com

SEBI approves new derivative products
India's market regulator SEBI said on Wednesday its board has approved launch of several new derivative products to provide investors a wide range of risk mitigation products and create more activity in the onshore market. The products will relate to mini-contracts on equity indices, options with longer life, volatility index and F&O contracts, options on futures, bond indices and F&O contracts, foreign exchange F&O and introduction of exchange-traded products.

"These products are also expected to bring transactions based on private-synthetic products to an exchange-traded transparent mechanism with appropriate regulatory supervision," the Securities and Exchange Board of India said in a statement. The market regulator's committee on derivatives is expected to finalise its recommendations on suitable over-the-exchange derivate products for Indian markets, it said. Currently, the contract value in futures and options (F&O) segment is around Rs 2 lakh.

As the price of a stock goes up, the exchanges read just the contract basket to keep the value in the region of Rs 2 lakh. The government and the regulators are looking at a lower limit of Rs 40,000 to enhance retail participation. Derivatives are financial instruments whose value is derived from the value of the underlying asset. A futures contract gives the holder the obligation to buy or sell. An options contract gives the holder the right, but not the obligation to buy or sell.

Sensex rises 900 points
Asia stocks rebound after US rally
US stocks flies on tech, oil
Sundaram Select Midcap's plays safe
India named among world's 10 most gender-biased economies
Three Indians among Europe's 100 power-women bankers
Market rally makes IT investors richer by Rs 15,000 cr

ECE industry can grow to $12-13 bn by 2015: Mckinsey study
Microsoft launches MS Office Professional 2007
LG posts sales revenue of Rs 1,132 cr during Diwali
India Inc topline slows, margins up in Q2 FY-08: CMIE
HDFC gets Rs 170-cr brand premium from Ergo
Religare ties up with Corporation Bank
ITC eyes Parle's candy business

Tata Coffee eyes Russian brand
JSW Energy to transfer power plant to JSW Steel
GAIL India plans to pick stakes in projects abroad
KEC International gets orders worth Rs 6.37 bn
SAIL to invest Rs 2k cr to set up new units
JSW Steel unit to invest in Tamil Nadu iron ore mines
Siscol to expand capacity, hopes to get mining rights soon

India to become 2nd largest steel producer by FY16: Paswan
RCom in race for Telkom Kenya
Bharti adds 2.03mln customers in Oct-trade
Bharti Airtel favours mobile portability
Number portability not to hit margins: Bharti chief
SpiceJet to raise fares by 5-7 pc
Adani-DP World terminal deal off

India to be one of the three major economic powerhouses: Ken Livingstone
Investors may soon take all shares at Re 1 face value
UTI Securities Technical Call - Unitech, Nagarjuna Fertilizers
Small-caps that rose 48-78% in seven days
Triveni Engg to raise up to Rs 250 crore
Derivatives will soon have 6 new products
MF investors pull out Rs 12,500 crore in Oct

India shining for global PE players
Tata's supercomputer Eka is fastest in Asia



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