Mkts display high volatility; Sensex ends
Thanks to hectic buying in a few blue chip stocks including State Bank of India, Maruti Suzuki, ACC, ICICI Bank and Bajaj Auto during the fag end of the session, the Sensex, which was struggling deep down in the red for a long time today, very nearly settled in the positive zone.
Though it opened on a positive note and spurted 142 points to 18,744.55 in early trade this morning, the Sensex tumbled into the red soon as weak global markets and heavy outflow of funds in recent sessions dampened the mood and knocked the wind out of several blue chip stocks. The market then witnessed a few smart intra-day rallies with one blue chip or the other recording an impressive surge every now and then.
The indices had a roller-coaster ride as every sharp rally was followed by an equally sharp setback, and this trend was visible almost till the end of the session today. Still, the barometer's final loss of 76.30 points or 0.41% was quite negligible considering the fact that it was down with a staggering loss of nearly 420 points at 18,182.83 at one stage this afternoon.
While the Sensex ended the session at 18,526.32, the Nifty finished at 5519.35 with a loss of 0.75% or 41.70 points. In intra-day trades today, the Nifty hit a high of 5608.65 and a low of 5394.35. State Bank of India ended with a handsome gain of 4.05% at Rs 2241.80. ACC (2.25%), ICICI Bank (2.2%), Bajaj Auto (2.1%), Maruti Suzuki (1.65%) and Hindalco (1.05%) also closed on a firm note.
For more: Mkts display high volatility; Sensex ends
Other articles from www.sify.com
Indian firm to invest $278 m in wind energy
• Siemens bags Rs 10,100 cr orders
• BHEL bags Rs 2,108 cr contract
• 3i Infotech expands in Chennai
PVR to invest up to Rs 400 cr in 250 screens
Puravankara Projects up on AP Industrial Infra order
Varun Industries shares rise 75% on debut
Satellier bags $10-m equity funding from Sequoia Capital
Tatas eye Europe with electric Indica
More articles @ www.sify.com/finance/
Source: www.sify.com/finance/. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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.
22 November 2007
Article/Corporate/Personailty of the Day
ICICI Bank
ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 79 Billion (end-Mar 2007), a network of over 950 branches and offices, about 3600 ATMs, and 24 million customers(as of end July '07). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank's equity shares are listed in India on stock exchanges at Kolkata and Vadodara, the Stock Exchange, Mumbai and the National Stock Exchange of India Limited and its ADRs are listed on the New York Stock Exchange (NYSE).
For more, Visit: http://en.wikipedia.org/wiki/ICICI
-------------------------------------------------------------------------
State Bank of India
State Bank of India (SBI) (LSE: SBID) is the largest bank in India. If one measures by the number of branch offices and employees, SBI is the largest bank in the world. Established in 1806 as Bank of Calcutta, it is the oldest commercial bank in the Indian subcontinent. SBI provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth. The government nationalized the bank in 1955, with the Reserve Bank of India taking a 60% ownership stake. In recent years the bank has focused on two priorities, 1), reducing its huge staff through Golden handshake schemes known as the Voluntary Retirement Scheme, which saw many of its best and brightest defect to the private sector, and 2), computerizing its operations.
For more, Visit: http://en.wikipedia.org/wiki/State_Bank_of_India
Source: http://en.wikipedia.org. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 79 Billion (end-Mar 2007), a network of over 950 branches and offices, about 3600 ATMs, and 24 million customers(as of end July '07). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank's equity shares are listed in India on stock exchanges at Kolkata and Vadodara, the Stock Exchange, Mumbai and the National Stock Exchange of India Limited and its ADRs are listed on the New York Stock Exchange (NYSE).
For more, Visit: http://en.wikipedia.org/wiki/ICICI
-------------------------------------------------------------------------
State Bank of India
State Bank of India (SBI) (LSE: SBID) is the largest bank in India. If one measures by the number of branch offices and employees, SBI is the largest bank in the world. Established in 1806 as Bank of Calcutta, it is the oldest commercial bank in the Indian subcontinent. SBI provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth. The government nationalized the bank in 1955, with the Reserve Bank of India taking a 60% ownership stake. In recent years the bank has focused on two priorities, 1), reducing its huge staff through Golden handshake schemes known as the Voluntary Retirement Scheme, which saw many of its best and brightest defect to the private sector, and 2), computerizing its operations.
For more, Visit: http://en.wikipedia.org/wiki/State_Bank_of_India
Source: http://en.wikipedia.org. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
21 November 2007
Economic Times headlines, MF Tracker
The Economic Times
Religare plans asset management biz
Religare closes at 180% premium
Religare weathers the storm on Day 1
India: World's best performing stock market
Business grads wanna be 'entrepreneurs'
Hot stocks face the heat in slide show
No consensus between mobile firms & DoT
Reebok to launch kidswear range
Reckitt hopes to rake in top dollars from India
Gap & Wal-Mart may scale down sourcing from India
MFs to get more room for realty play
Asia's hungry for management talent
Instacoll unveils online office suite, targets Google Docs
Delhi, Mumbai among world's costliest office locations: CBRE
Metal stocks beaten out of shape
Brokerage Platter: Sterlite Tech, Dewan Housing, KPR Mill
Emkay sees 20-25% upside on Jyothy Labs
Indra Nooyi appointed in USIBC Board of Directors
Indian executives see second-highest pay hike in Asia-Pacific
Tata Capital likely to buy 32% stake in Precision Cam
Small cars to dominate Indian market
Khattar may rope in PEs for car retail co
ICICI zips ahead of SBI in race for low-cost deposits
Singapore Temasek, GIC can raise ICICI stakes
UTI aims Rs 70,000 cr AUM by fiscal end
Reliance signs production sharing deal for 2 blocks in Yemen
LNM does the drill again for UK's Burren
More oil PSUs opt for transparency in deals
IVRCL Infrastructures plans mining foray
Hindalco to ride on Novelis technology
Carrefour zeroes in on 3 names for Indian JV
Airtel announces mega expansion plan
Surging economy will make India become G-3 nation: Livingstone
Indian business houses can pick up cues from PEs
Parle Software to consider bonus share issue
BVCL to list on bourses on Nov 23
Lost at Dalal Street: Rs 200 cr in every minute of trade
India may not be expensive after all in P/E play
Religare targets Dewan Housing at Rs 302
Religare assigns bbuyb to Adhunik Metaliks
SEBI plans to introduce real estate trusts
Delhi, Mumbai among world's costliest office locations: CBRE
DBS Chola Mutual Fund launches DBS Chola Small Cap Fund
Reliance Life may infuse Rs 1,500 cr capital in 3 years
Four Soft inks deal with Netherlands-based firm
Reliance edges past ICICI Pru to enter big 3 league
Equity scorecard for you
Who invests in mutual funds?
Equity funds which multiplied their NAV by ten times
For more, Visit: http://www.theeconomictimes.com/
Source: http://www.theeconomictimes.com/. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Religare plans asset management biz
Religare closes at 180% premium
Religare weathers the storm on Day 1
India: World's best performing stock market
Business grads wanna be 'entrepreneurs'
Hot stocks face the heat in slide show
No consensus between mobile firms & DoT
Reebok to launch kidswear range
Reckitt hopes to rake in top dollars from India
Gap & Wal-Mart may scale down sourcing from India
MFs to get more room for realty play
Asia's hungry for management talent
Instacoll unveils online office suite, targets Google Docs
Delhi, Mumbai among world's costliest office locations: CBRE
Metal stocks beaten out of shape
Brokerage Platter: Sterlite Tech, Dewan Housing, KPR Mill
Emkay sees 20-25% upside on Jyothy Labs
Indra Nooyi appointed in USIBC Board of Directors
Indian executives see second-highest pay hike in Asia-Pacific
Tata Capital likely to buy 32% stake in Precision Cam
Small cars to dominate Indian market
Khattar may rope in PEs for car retail co
ICICI zips ahead of SBI in race for low-cost deposits
Singapore Temasek, GIC can raise ICICI stakes
UTI aims Rs 70,000 cr AUM by fiscal end
Reliance signs production sharing deal for 2 blocks in Yemen
LNM does the drill again for UK's Burren
More oil PSUs opt for transparency in deals
IVRCL Infrastructures plans mining foray
Hindalco to ride on Novelis technology
Carrefour zeroes in on 3 names for Indian JV
Airtel announces mega expansion plan
Surging economy will make India become G-3 nation: Livingstone
Indian business houses can pick up cues from PEs
Parle Software to consider bonus share issue
BVCL to list on bourses on Nov 23
Lost at Dalal Street: Rs 200 cr in every minute of trade
India may not be expensive after all in P/E play
Religare targets Dewan Housing at Rs 302
Religare assigns bbuyb to Adhunik Metaliks
SEBI plans to introduce real estate trusts
Delhi, Mumbai among world's costliest office locations: CBRE
DBS Chola Mutual Fund launches DBS Chola Small Cap Fund
Reliance Life may infuse Rs 1,500 cr capital in 3 years
Four Soft inks deal with Netherlands-based firm
Reliance edges past ICICI Pru to enter big 3 league
Equity scorecard for you
Who invests in mutual funds?
Equity funds which multiplied their NAV by ten times
For more, Visit: http://www.theeconomictimes.com/
Source: http://www.theeconomictimes.com/. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Economic Times headlines,
MF Tracker
Know About: AXA, Aviva
AXA
AXA (Euronext: CS, NYSE: AXA) is an insurance company with a group headquarters in France. AXA is not the name of a single company but a group of companies independently organized and operated according to the regulations of many different countries.The AXA group of companies are engaged in life, health and other forms of insurance, as well as investment management. The AXA group operates primarily in Western Europe, Federation of Bosnia and Herzegovina, North America and the Asia Pacific region and the Middle East.
There are five operating business segments with the AXA group of companies: Life & Savings, Property & Casualty, International Insurance (including reinsurance), Asset Management and Other Financial Services.The combined group has 189,000 employees and 122 billions dollars of revenues in 2004. If AXA were a single company it would rank as the 15th largest company in the world (based on revenues) on the 2006 Fortune Global 500 list.[1]
For more: http://en.wikipedia.org/wiki/AXA
-------------------------------------------------
Aviva
Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis[citation needed]. It is one of the leading providers of life and pensions products in Europe and has a presence in 25 countries worldwide, notably France and The Netherlands. The company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc (itself created by the 1998 merger of Commercial Union and General Accident) in 2000. The Aviva name was adopted in July 2002. The company still uses the Norwich Union name within the United Kingdom.
For more: http://en.wikipedia.org/wiki/Aviva
Source: http://en.wikipedia.org. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
AXA (Euronext: CS, NYSE: AXA) is an insurance company with a group headquarters in France. AXA is not the name of a single company but a group of companies independently organized and operated according to the regulations of many different countries.The AXA group of companies are engaged in life, health and other forms of insurance, as well as investment management. The AXA group operates primarily in Western Europe, Federation of Bosnia and Herzegovina, North America and the Asia Pacific region and the Middle East.
There are five operating business segments with the AXA group of companies: Life & Savings, Property & Casualty, International Insurance (including reinsurance), Asset Management and Other Financial Services.The combined group has 189,000 employees and 122 billions dollars of revenues in 2004. If AXA were a single company it would rank as the 15th largest company in the world (based on revenues) on the 2006 Fortune Global 500 list.[1]
For more: http://en.wikipedia.org/wiki/AXA
-------------------------------------------------
Aviva
Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis[citation needed]. It is one of the leading providers of life and pensions products in Europe and has a presence in 25 countries worldwide, notably France and The Netherlands. The company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc (itself created by the 1998 merger of Commercial Union and General Accident) in 2000. The Aviva name was adopted in July 2002. The company still uses the Norwich Union name within the United Kingdom.
For more: http://en.wikipedia.org/wiki/Aviva
Source: http://en.wikipedia.org. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
13 Indian cos amongst Asia`s growing firms : Myiris.Com
13 Indian cos amongst Asia`s growing firms
Amongst Asia's hot growing companies, thirteen Indian firms have been listed in the 100 fastest growing small and mid-size companies in Asia, report agencies sources.
This report, which is prepared by US-based financial magazine Business Week, India is home to higher number of such companies than China whose presence is limited to just eight firms.
India is next only to Taiwan and Japan, which have been represented by 24 and 18 firms respectively.
The list includes 13 firms from Hong Kong, from Korea 7 firms, from Malaysia 4 firms, 9 firms from Singapore and 2 from Thailand.
There was only one firm from Pakistan that ranked 84th. Among the Indian firms,
Among the Indian firms, Lakshmi Machine Works is ranked 17th, followed by Kirloskar Brothers (18th) and Godrej Consumer Products (23rd).
Also Indian companies such as Maricao ranked 40th, Colgate-Palmolive India 45th, Hexaware Technologies 53rd, GlaxoSmithkline Pharmaceuticals 60th, Panacea Biotec 68th, Bajaj Hindustan 72nd, and Titan Industries 98th.
Source: www.myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
Amongst Asia's hot growing companies, thirteen Indian firms have been listed in the 100 fastest growing small and mid-size companies in Asia, report agencies sources.
This report, which is prepared by US-based financial magazine Business Week, India is home to higher number of such companies than China whose presence is limited to just eight firms.
India is next only to Taiwan and Japan, which have been represented by 24 and 18 firms respectively.
The list includes 13 firms from Hong Kong, from Korea 7 firms, from Malaysia 4 firms, 9 firms from Singapore and 2 from Thailand.
There was only one firm from Pakistan that ranked 84th. Among the Indian firms,
Among the Indian firms, Lakshmi Machine Works is ranked 17th, followed by Kirloskar Brothers (18th) and Godrej Consumer Products (23rd).
Also Indian companies such as Maricao ranked 40th, Colgate-Palmolive India 45th, Hexaware Technologies 53rd, GlaxoSmithkline Pharmaceuticals 60th, Panacea Biotec 68th, Bajaj Hindustan 72nd, and Titan Industries 98th.
Source: www.myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
New Fund Offers (NFOs) from MF Industry
New Fund Offers
----------------------------------------------------------
JPMorgan India Smaller Companies Fund (G)
JPMorgan (I) Smaller Co.
Issue Open 09-Nov-2007 Issue Close 30-Nov-2007
Scheme Objective : JPMorgan India Smaller Companies Fund, is a n open-ended equity growth scheme. The investment objective of the scheme is to seek to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity-related securities focused on smaller companies.
Mutual Fund Family
JPMorgan Asset Management India Pvt. Ltd.
Fund Class
Equity Diversified
Fund Type
Open-Ended
Investment plan
Growth
Fund Manager
Harshad Patwardhan / Amit Gadgil
Entry Load 2.25 %
Exit Load 1.00 %
Comment
Entry Load 2.25% for investment of less than Rs 5 Crs. Exit Load of 1% if redeem within 6 months from the date of allotment in respect of Purchase made other than through SIP and Exit load of 1% in respect of the first purchase made through SIP if redeem Within 24 months from the date of allotment.
-------------------------------------
Franklin Asian Equity Fund
Scheme Objective
Franklin Asian Equity Fund (FAEF) is an open-end diversified equity fund. The investment objective of the scheme is to seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation.
Mutual Fund Family
Franklin Templeton Asset Mgmt. (India) Pvt. Ltd.
Fund Class
Equity Diversified
Fund Type
Open-Ended
Investment plan
Dividend
Fund Manager
Sukumar Rajah / Roshi Jain
Entry Load
2.25 %
Exit Load
0.50 %
Comment
Entry load of 2.25% for investments less than Rs 5 cr. Exit Load of 0.50% for investment less than Rs 5 cr if redeemed within 1year of allotment and 1% for investment above Rs 5 cr if redemption within 6 months of allotment.
----------------------------------------------------
Other NFOs
Lotus (I) AGILE Fund (G)
JM Agri & Infra Fund (G)
LIC MF Top 100 Fund (G)
DBS Chola MF launches Small Cap Fund
For more NFO details: New Fund Offers
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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
----------------------------------------------------------
JPMorgan India Smaller Companies Fund (G)
JPMorgan (I) Smaller Co.
Issue Open 09-Nov-2007 Issue Close 30-Nov-2007
Scheme Objective : JPMorgan India Smaller Companies Fund, is a n open-ended equity growth scheme. The investment objective of the scheme is to seek to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity-related securities focused on smaller companies.
Mutual Fund Family
JPMorgan Asset Management India Pvt. Ltd.
Fund Class
Equity Diversified
Fund Type
Open-Ended
Investment plan
Growth
Fund Manager
Harshad Patwardhan / Amit Gadgil
Entry Load 2.25 %
Exit Load 1.00 %
Comment
Entry Load 2.25% for investment of less than Rs 5 Crs. Exit Load of 1% if redeem within 6 months from the date of allotment in respect of Purchase made other than through SIP and Exit load of 1% in respect of the first purchase made through SIP if redeem Within 24 months from the date of allotment.
-------------------------------------
Franklin Asian Equity Fund
Scheme Objective
Franklin Asian Equity Fund (FAEF) is an open-end diversified equity fund. The investment objective of the scheme is to seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation.
Mutual Fund Family
Franklin Templeton Asset Mgmt. (India) Pvt. Ltd.
Fund Class
Equity Diversified
Fund Type
Open-Ended
Investment plan
Dividend
Fund Manager
Sukumar Rajah / Roshi Jain
Entry Load
2.25 %
Exit Load
0.50 %
Comment
Entry load of 2.25% for investments less than Rs 5 cr. Exit Load of 0.50% for investment less than Rs 5 cr if redeemed within 1year of allotment and 1% for investment above Rs 5 cr if redemption within 6 months of allotment.
----------------------------------------------------
Other NFOs
Lotus (I) AGILE Fund (G)
JM Agri & Infra Fund (G)
LIC MF Top 100 Fund (G)
DBS Chola MF launches Small Cap Fund
For more NFO details: New Fund Offers
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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
Business Stories from MC, Myiris.Com
Moneycontrol.Com
Mkts end in deep red: What lies ahead?
Telecom operators meet Secy; deadlock continues
Will mkts go below 18K levels?
Like infra, power and financials: MOST
Which stocks merit a buy now?
India outperforms Asian and global mkts
Crude may see USD 100/bbl
No Deccan-Kingfisher reverse merger: UB
Euro, British Pound, Swiss Franc surge against USD
Brokerage biz topline can grow extremely fast in 3-5 yrs
Support for Sensex at 18965-19160
Asian mkts could correct 20-25%: Bank Julius Baer
Experts see further correction in mkts
ArcelorMittal enters Estonian market
RPL can touch Rs 360-370: A Vora
Sebi considers permitting REITs in India
---------------------------
Myiris.Com
Brokers Outlook: Crucial buying to happen on Wednesday
FIIs remain net sellers in equities worth Rs 10,721 mn on Nov 20
Bartronics India forms new subsidary in USA
Fitch affirms Bharti Airtel at BB+; Outlook Stable
India Cements to raise up to USD 150 mn
Punj Lloyd`s Atul Punj is E&Y entrepreneur of the year 2007 in const category
Fortis Financial buys Australia based Capital Market Solutions
DBS Chola MF launches Small Cap Fund
Ramsarup Industries bags Rs 356.40 mn orders
Ministry of tourism releases Rs 2.95 bn for 126 projects
Apollo Tyres eyes markets in Europe
IVRCL Infra to diversify into minerals and fossils
Reliance Money plans to offer PMS
RIL gets two new blocks in Yemen
DHFL to buy 19.9% in Wadhawan Food
RIL may cut LPG production next year
M&M eyes South African co.
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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
Mkts end in deep red: What lies ahead?
Telecom operators meet Secy; deadlock continues
Will mkts go below 18K levels?
Like infra, power and financials: MOST
Which stocks merit a buy now?
India outperforms Asian and global mkts
Crude may see USD 100/bbl
No Deccan-Kingfisher reverse merger: UB
Euro, British Pound, Swiss Franc surge against USD
Brokerage biz topline can grow extremely fast in 3-5 yrs
Support for Sensex at 18965-19160
Asian mkts could correct 20-25%: Bank Julius Baer
Experts see further correction in mkts
ArcelorMittal enters Estonian market
RPL can touch Rs 360-370: A Vora
Sebi considers permitting REITs in India
---------------------------
Myiris.Com
Brokers Outlook: Crucial buying to happen on Wednesday
FIIs remain net sellers in equities worth Rs 10,721 mn on Nov 20
Bartronics India forms new subsidary in USA
Fitch affirms Bharti Airtel at BB+; Outlook Stable
India Cements to raise up to USD 150 mn
Punj Lloyd`s Atul Punj is E&Y entrepreneur of the year 2007 in const category
Fortis Financial buys Australia based Capital Market Solutions
DBS Chola MF launches Small Cap Fund
Ramsarup Industries bags Rs 356.40 mn orders
Ministry of tourism releases Rs 2.95 bn for 126 projects
Apollo Tyres eyes markets in Europe
IVRCL Infra to diversify into minerals and fossils
Reliance Money plans to offer PMS
RIL gets two new blocks in Yemen
DHFL to buy 19.9% in Wadhawan Food
RIL may cut LPG production next year
M&M eyes South African co.
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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
Labels:
Business Stories from MC,
MyIris.Com
Religare Enterprises ends with 182% premium: MC
It was a phenomenal day for Religare Enterprises, a financial services company in India offering a wide range of financial products and services, which ended the day at Rs 522, up 182%. The stock spurt to Rs 601 (a premium of 225% over its offer price of Rs 185) in early trade and remained above Rs 500 through the day despite negative sentiment across the market (the Sensex lost more than 670 points).
Continued buying support and management's outlook about future helped the stock to remain in limelight.
Sunil Godhwani, CEO and MD of Religare Enterprises said (in an interview with CNBC-TV18) majority of their revenues come from the broking business. He sees the broking business contributing close to 60% going forward and the rest would be comprised of 60% retail and 40% from i-banking.
The share rose 182.16% to close at Rs 522, with volumes of 1,60,54,884 and the turnover stood at Rs 894.72 crore. It has touched a high/low of Rs 601 and Rs 323.75, respectively on the NSE.
Malvinder Singh, Chairman, Religare Enterprises, said the company is open to more partnerships and acquisitions. Singh said Religare Enterprises plans to enter into the life insurance business with Aegon.
On the BSE, it ended at Rs 521.70, with volumes of 1,11,97,515 shares.The company had entered capital markets with an initial public offering (IPO) of 7,576,102 equity shares for cash. The issue was subscribed approximately around 160.56 times. The net proceeds of the issue would be utilized towards expansion of the domestic operations as well as the network of branches of two of its subsidiaries, Religare Securities Limited and Religare Insurance Broking Limited; funding the retail finance business as well as funding the leading business, through investment in its subsidiaries, Religare Finvest Limited and Religare Finance Limited....
Religare to enter life insurance biz with Aegon
Broking biz to add 60% to revs: Religare Ent
Religare has potential to surge 30%: Tulsian
Religare Enterprises debuts with 75% premium
Broking to account for at least 60% of Religare's revenues
Religare will trade at Rs 650-700 in near term
Varun Industries to list on November 22
Renaissance Jewellery IPO subscribed 18x
Source: www.moneycontrol.com 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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
Continued buying support and management's outlook about future helped the stock to remain in limelight.
Sunil Godhwani, CEO and MD of Religare Enterprises said (in an interview with CNBC-TV18) majority of their revenues come from the broking business. He sees the broking business contributing close to 60% going forward and the rest would be comprised of 60% retail and 40% from i-banking.
The share rose 182.16% to close at Rs 522, with volumes of 1,60,54,884 and the turnover stood at Rs 894.72 crore. It has touched a high/low of Rs 601 and Rs 323.75, respectively on the NSE.
Malvinder Singh, Chairman, Religare Enterprises, said the company is open to more partnerships and acquisitions. Singh said Religare Enterprises plans to enter into the life insurance business with Aegon.
On the BSE, it ended at Rs 521.70, with volumes of 1,11,97,515 shares.The company had entered capital markets with an initial public offering (IPO) of 7,576,102 equity shares for cash. The issue was subscribed approximately around 160.56 times. The net proceeds of the issue would be utilized towards expansion of the domestic operations as well as the network of branches of two of its subsidiaries, Religare Securities Limited and Religare Insurance Broking Limited; funding the retail finance business as well as funding the leading business, through investment in its subsidiaries, Religare Finvest Limited and Religare Finance Limited....
Religare to enter life insurance biz with Aegon
Broking biz to add 60% to revs: Religare Ent
Religare has potential to surge 30%: Tulsian
Religare Enterprises debuts with 75% premium
Broking to account for at least 60% of Religare's revenues
Religare will trade at Rs 650-700 in near term
Varun Industries to list on November 22
Renaissance Jewellery IPO subscribed 18x
Source: www.moneycontrol.com 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. Viewers are strictly advised to take own decision in Stock buying. Blog is not responsible for any faulty information.
Sensex nosedives 678 pts at close, Other stories: Sify.Com
Sensex nosedives 678 pts at close
Metal, bank, realty, capital goods, power and oil stocks melted. There was no respite for stocks from midcap and smallcap segments either. Mirroring the massive erosion in values of its components, the benchmark BSE index Sensex went crashing down to a low of 18,515.30 in afternoon trade. The barometer, which had opened with a negative gap of around 83 points at 19,197.57 this morning, ended the day with a massive loss of 678.18 points or 3.52% at 18,602.62.
The Nifty, which plunged to a low of 5530.85, settled at 5561.05 with a big loss of 3.8% or 219.85 points. While the Sensex drew a blank with none of its components making it to the positive territory, the Nifty had two stocks, Hero Honda (1.6%) and GlaxoSmithKline Pharma (0.6%) in the positive zone when the session ended today. HCL Technologies settled at its previous closing price.
NTPC, which lost a little over 8%, was the biggest loser in the Sensex today. BHEL went down by 6.3%. ITC, Maruti Suzuki, Reliance Energy, ICICI Bank, State Bank of India and Larsen & Toubro lost 5% - 6%. Hindalco and Tata Steel, the metal majors, closed lower by 4.9% and 4.35% respectively. Realty major DLF, a recent entrant to the Sensex fold, ended with a loss of 4.1%. Reliance Communications, Grasim Industries, Ranbaxy Laboratories, Mahindra & Mahindra, Tata Motors, HDFC Bank, Wipro, Cipla, ONGC and index heavyweight Reliance Industries lost 2% - 4% today.
Hindustan Unilever, HDFC, Infosys Technologies, Satyam Computer Services and Tata Consultancy Services also closed with sharp losses. ACC, Ambuja Cements, Bajaj Auto and Bharti Airtel lost 0.3% - 0.6%.
For more: Sensex nosedives 678 pts at close
Articles from www.Sify.com
Max NY Life to invest $609 m in India
In elite club:13 Indian firms among Asia's 100 fastest-growing. India is home to a higher number of hot growth cos than China.
JPMorgan's tax-planning equity fund
Satyam chief bags E&Y award
ACC sells $52 m surplus asset
GAIL to import LNG
Four Soft inks deal for ‘4S eLog’
Arena Animation bags 'Maharashtra IT award-2007’
13 Indian firms among Asia's 100 fastest-growing
IVRCL Infrastructures plans mining foray
‘India may raise securities transaction tax’
RIL signs deal for Yemen blocks
Reliance re-enters Cauvery asset
Source: http://www.sify.com 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. Blog is not responsible for any faulty information.
The bears tasted success for the fifth successive session today as weak global markets, rising crude oil prices and reports of a possible hike in securities transaction tax provided a perfect platform for them to launch a massive attack on stocks. Stocks across the board felt the heat today. Information technology stocks were the outperformers thanks to some strong buying in a few heavyweights including Infosys Technologies and Tata Consultancy Services. But then, a severe bout of pressure in late afternoon trade knocked the wind out of these stocks as well.
Metal, bank, realty, capital goods, power and oil stocks melted. There was no respite for stocks from midcap and smallcap segments either. Mirroring the massive erosion in values of its components, the benchmark BSE index Sensex went crashing down to a low of 18,515.30 in afternoon trade. The barometer, which had opened with a negative gap of around 83 points at 19,197.57 this morning, ended the day with a massive loss of 678.18 points or 3.52% at 18,602.62.
The Nifty, which plunged to a low of 5530.85, settled at 5561.05 with a big loss of 3.8% or 219.85 points. While the Sensex drew a blank with none of its components making it to the positive territory, the Nifty had two stocks, Hero Honda (1.6%) and GlaxoSmithKline Pharma (0.6%) in the positive zone when the session ended today. HCL Technologies settled at its previous closing price.
NTPC, which lost a little over 8%, was the biggest loser in the Sensex today. BHEL went down by 6.3%. ITC, Maruti Suzuki, Reliance Energy, ICICI Bank, State Bank of India and Larsen & Toubro lost 5% - 6%. Hindalco and Tata Steel, the metal majors, closed lower by 4.9% and 4.35% respectively. Realty major DLF, a recent entrant to the Sensex fold, ended with a loss of 4.1%. Reliance Communications, Grasim Industries, Ranbaxy Laboratories, Mahindra & Mahindra, Tata Motors, HDFC Bank, Wipro, Cipla, ONGC and index heavyweight Reliance Industries lost 2% - 4% today.
Hindustan Unilever, HDFC, Infosys Technologies, Satyam Computer Services and Tata Consultancy Services also closed with sharp losses. ACC, Ambuja Cements, Bajaj Auto and Bharti Airtel lost 0.3% - 0.6%.
For more: Sensex nosedives 678 pts at close
Articles from www.Sify.com
Max NY Life to invest $609 m in India
In elite club:13 Indian firms among Asia's 100 fastest-growing. India is home to a higher number of hot growth cos than China.
JPMorgan's tax-planning equity fund
Satyam chief bags E&Y award
ACC sells $52 m surplus asset
GAIL to import LNG
Four Soft inks deal for ‘4S eLog’
Arena Animation bags 'Maharashtra IT award-2007’
13 Indian firms among Asia's 100 fastest-growing
IVRCL Infrastructures plans mining foray
‘India may raise securities transaction tax’
RIL signs deal for Yemen blocks
Reliance re-enters Cauvery asset
Source: http://www.sify.com 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. Blog is not responsible for any faulty information.
Subscribe to:
Posts (Atom)