Rediff Stories

India 16th most expensive retail spot
Myth of the fastest supercomputer
India's largest cos
K P Singh: World's richest realty developer

20 ventures you can start with Rs 5 lakh
Which MFs can get you maximum profits
Markets booming: Which stocks to buy now
Money lending: 'The brighter side of life'
Success story: A $250,000 business, aged 25

Showcase your business model in GSV Competition

For more: http://www.rediff.com/money/index.html

Information You Can Use

• SIU: Masters in Mass Comm
• TISS: PG in social work
• CMC admission: PG courses
• MNIT: PhD programmes
• Web designers needed
• Commission with Indian Navy
• Scholarship to Japan
• Commonwealth Scholarship
• Education UK Exhibition
• PhD prog, IBS Hyderabad
• Master of Law Degree, TN
• MBA prog at Symbiosis
• XLRI: PG programmes


For more: http://www.rediff.com/getahead/index.html



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Digital Versions of Business Today, MoneyToday

India's Leading Business Magazine


BUSINESS TODAY

is in the form of digital version.

View : http://businesstoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/BusinessToday



&



MONEY TODAY

is in the form of digital version.

View : http://moneytoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/moneytoday



Hope all Business Peoples, Viewers will be happy to see BT, MT in digital versions.

Sensex loses 87 pts at close

NIFTY
5906.85
-5.25
SENSEX
19698.36
-86.53

The market opened on a weak note this morning, and, despite recovering swiftly and staging a smart rally, remained sluggish right till the end of the session as participants chose to stay away from a majority of blue chip stocks due to lack of triggers. Finally, following a fairly strong round of selling in some front line stocks, the benchmark indices Sensex and the Nifty closed in the red today.

Weak global markets rendered the mood somewhat negative. Fresh concerns over US credit worries and surge in inflation weighed down the sentiment to a notable extent.
While the Sensex, which plunged to 19,472.51, losing more than 300 points in early trade, ended the day with a loss of 86.53 points or 0.44% at 19,698.36, the Nifty closed with a small loss of 0.09% or 5.25 points at 5906.82. In intra-day trades today, the Nifty touched a low of 5817.40 and a high of 5948.05. The Sensex hit a high of 19,838.03 in early afternoon trade.

Oil stocks had another fine run in the positive territory. Select FMCG stocks, led by heavyweight ITC, posted smart gains. Auto and PSU sectors witnessed selective buying. Consumer durables stocks, which had missed out on the rally on Wednesday, were among the notable gainers today.

Information technology and capital goods stocks eased to lower levels on selling pressure. Though a few bank stocks firmed up to higher levels, not much buying was seen in that space today. Some realty stocks gained smart ground. Even as a number of large cap stocks struggled to hold on at higher levels, several stocks from midcap and smallcap segments rallied higher on strong buying interest.

ITC ended stronger by as much as 8.2% today. Grasim Industries closed with a big gain of 7.5%. Dr. Reddy's Laboratories (3.4%), Mahindra & Mahindra (1.9%), Maruti Suzuki (1.35%) and Bharti Airtel (1.3%) also closed with smart gains.

State Bank of India gained 0.8%. Hindustan Unilever moved up by a little over half a per cent. Wipro, Cipla, ONGC and Tata Consultancy Services posted modest gains while Ambuja Cements, Reliance Industries and Bajaj Auto ended marginally higher than their previous closing levels.
Hindalco (down 5.5%) was the biggest loser from the Sensex today. Larsen & Toubro (down 2.85%), Ranbaxy Laboratories (down 2.8%), ICICI Bank (down 2.3%), Reliance Communications (down 2.3%), Tata Steel (down 2%), Infosys Technologies (down 1.75%), Reliance Energy (down 1.5%) and BHEL (down 1.3%) also declined sharply.

HDFC, which moved in a tight band today, closed with a loss of 0.7%. HDFC Bank also went down by around the same margin as HDFC. ACC lost 0.45%. Tata Motors and Satyam Computer Services ended with very small losses. Nalco, HCL Technologies, Zee Entertainment, Sun Pharmaceuticals and SAIL were among the major losers in the Nifty index.

Hindustan Petroleum (6.05%), VSNL (5.45%), ABB (2.3%), MTNL (2.15%), BPCL (1.85%), Hero Honda (1.8%), Suzlon Energy (1.7%), Punjab National Bank (1.55%) and GlaxoSmithKline Pharma (1.05%) closed with sharp gains. Hinduja TMT vaulted 28.65% to Rs 556.10. Chambal Fertilizers zoomed 28.3%. Essar Oil closed with a hefty gain of 21.6%. Mirc Electronics gained 16.1%. Escorts spurted 14.65%.

HTMT Global, Ballarpur Industries, National Fertilizers, Fertilizers & Chemicals, Nirma and Chennai Petroleum Corporation moved up by 9% - 11%. Lanco Infratech, FDC, Finolex Industries, Gujarat Narmada, Jindal Saw, Tamil Nadu Newsprint & Papers, Indian Oil Corporation, Tata Tea, India Cements, Kotak Bank, Cummins India and Tata Chemicals also surged higher.

Midcap stocks Nagarjuna Fertilizers, S Kumar's Nationwide, Bombay Rayon Fashions, Dabur Pharma, Eicher Motors, Berger Paints, Kirloskar Oil Engines, Simplex Infrastructure, Binani Cements, SpiceJet and Development Credit Bank closed on a high note.

Though the indices ended in the red, the market breadth remained positive again thanks to hectic buying in several midcap and smallcap stocks. Out of 2865 stocks traded on BSE today, 1909 stocks closed on a winning note. 912 stocks ended with losses and 44 stocks finished at their previous closing levels.

Sensex loses 87 pts at close



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



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About: SandP 500, NASDAQ

S&P 500


The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American. The index is the most notable of the many indices owned and maintained by Standard & Poor's, a division of McGraw-Hill. S&P 500 is used in reference not only to the index but also to the 500 actual companies whose stocks are included in the index.
The S&P 500 index forms part of the broader S&P 1500 and S&P Global 1200 stock market indices.
All of the stocks in the index are those of large publicly held companies and trade on the two largest US stock markets, the New York Stock Exchange and Nasdaq. After the Dow Jones Industrial Average, the S&P 500 is the most widely watched index of large-cap US stocks. It is considered to be a bellwether for the US economy and is a component of the Index of Leading Indicators. It is often quoted using the symbol SPX or INX, and may be prefixed with a caret (^) or with a dollar sign ($).

For more:
http://en.wikipedia.org/wiki/S%26P_500
List of companies in the S&P 500

************************************************

NASDAQ

The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American stock market. It is the largest electronic screen-based equity securities trading market in the United States. With approximately 3,200 companies, it lists more companies and on average trades more shares per day than any other U.S. market.[1]
It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested themselves of it in a series of sales in 2000 and 2001. It is owned and operated by The NASDAQ Stock Market, the stock of which was listed on its own stock exchange in 2002, and is monitored by the Securities and Exchange Commission (SEC).

For more :

http://en.wikipedia.org/wiki/NASDAQ
NASDAQ Composite
NASDAQ-100




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Other corporate stories from Leading sources

Myiris.Com


Mid-caps will continue to outperform: Vishwas Agarwal
Lanco Infratech secures share in coal mines
Indusind Bank inks pact with Cholamandalam MS
BoB to raise Rs 20 bn by Feb`08
Brokers Outlook: Market to trade flat to positive on Friday
Edelweiss IPO subscribed 5.81 times on day one

BAG Films launches new FM station at Ranchi
Tech Mahindra to pump in Rs 10 bn
Gulshan Sugars net up 2.39 times for Sep`07 qtr
Rajesh Exports board to consider stock split
HDFC MF increases stake in Biocon to 5.15%
Simplex Infra bags two orders worth Rs 6,800 mn

Gati, Air India to start its dedicated freighter service
Marg Const. obtains Rs 520 mn dredger from China
GIC Housing Fin to open 30 more offices
NDTV`s Imagine to go on air in Jan`08
Escorts Const. to set up plants in Haryana, Uttaranchal
IOB to raise investments in Sri Lanka

Aegis buys TeleTech Services for USD 13 mn


Equitybulls.com


Prajay Engineers subsidiary to receive US$ 36 Million FDI
Vishal Retail Ltd Opens Four New Showrooms
Bombay High Court approves merger of Lok Shelters Ltd with Lok Housing
Goldstone Technologies to distribute IPTV services in Malaysia, Thailand
Shree Renuka to list shares issued through QIP

Provogue India acquires majority stake in Pronet Interactive Pvt Ltd
IDOM Inc to Offer Comprehensive Regulatory Reporting Capability for Banks in Partnership with i-flex solutions
i-flex Solutions Integrates Wolters Kluwer Financial Services Compliance Documets into FLEXCUBE Core Banking Platform
D-Link India unveils India's first environment friendly technology for networks

Tide Water Board to consider interim dividend
BAG Films launches Radio Station "Radio Dhamaal" in Ranchi
Granules India Ltd Board to recommend final dividend



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Economic Times Stories

For the fourth year L N Mittal is the richest Indian
Mumbaikars beat Delhiites in new billionaires list

Over 20 Sensex stocks have unnoticed upsides
Talent crunch: PEs bet big on education sector
Iraq threatens to bar RIL from future oil contracts
Praful Patel promises 20 new airports by 2008
Oil regulator proposes bidding for laying city gas networks
T-Series drags YouTube.com to court

Networth on Edeweiss Capital IPO
NSDL cuts transaction fees
Govt plans to raise retirement age
RBI comic books to explain economy
L&T consortium bags Rs 580.74 cr order
Edelweiss IPO subscribed nearly 6 times

GE unit picks stake in Sayi Power Energy
Yatra to open 100 'lounges offices' by 2008
GTL acquires Malaysian network firm for $25 mn
Royal Orchid subsidiary acquires hotel for Rs 82 cr
Refex Refrigerants to raise up to Rs 200 cr via FCCBs
Amtek India in technical tie-up with Italy's Teksid

Bharti Airtel, RCOM pump up telecom sector performance
India, China not responsible for price hike: OPEC
SBI is likely to get approval for rights issue shortly
Essar Oil promoters to hike stake
RIL says contracts for Iraqi oil blocks as per law
Indian hospitals attract corporates, private equity

Tata Steel to raise $2.3 bn in rights issue
MindTree buys Purple Vision for $6.5m
Reliance says retail plan on track, plans $5.5 billion investment
GTL acquires ADA Cellworks for $25mn
India's soaring stocks not overvalued: CLSA
Mid-caps steal the show as large-caps ease off
TCS bags contract in Mexico worth over $200 mn


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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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