Stories from Rediff.Com, Myiris, Moneycontrol.Com

www.rediff.com

Bangalore: Cultural capital of new economy?
SEZ: New compensation policy soon
Rising prices: FM for policy change
'India handled the sub-prime crisis very well'
India a new hub for climate change research
Office rent in Mumbai 2nd highest in world
Meet the man behind NSE success

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www.myiris.com

Brokers Outlook: Market expected to open positive on Monday
Centre earns Rs 516 bn from sale of PSEs
Power Grid forms JV with Reliance Energy
Lanco Infratech bags Rs 672.4 mn order
Godrej Consumer to raise Rs 4 bn via rights issue
Videocon Appliances posts net profit of Rs 237.60 mn

Inflation at 3.01% on low prices of primary articles
Videocon Industries net rises 13.69% in FY 06-07
JK Tyre reports profit of Rs 665 mn for FY 06-07
Barak Valley lists at 54% premium at BSE
Rathi Bars lists with 8% premium at Rs 37.80
MSPL to pump in Rs 11 bn for expansion

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www.moneycontrol.com

Mkts end high; will pull back continue?
ABN Amro Bank sees 25 bps Fed cut on Dec 11
Barak Vally FY08 revs seen at Rs 150 cr
Prefer RPL to Essar Oil: A Dalal
HNIs say the Indian story is intact
Inflation down to 3.01% vs 3.11%

M&M planning Rs 70 bn capex over 3 yrs
BSNL to launch an IPO next year
Core sectors need $475 bn in 5 yrs: FM
Midcaps look more attractive: Raamdeo Agrawal
May see pullback from here: IL&FS
TTML Dec futures adds 53 lakh shares in OI

PTC India locked at 10% upper circuit
Govt approves PTC India fin arm's 40% stake sale: NW18
Dish TV can touch Rs 130-140: Vasudeo
Siemens can touch Rs 2700: Vasudeo /Hold Siemens, says Mukadam
Empee Distilleries to list around Rs 430-500
Fund Action: Oswal Chem & Fert, Marg Constructions


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CoolAvenues Job alerts and Blog roundup

www.coolavenues.com

Marketing/ Sales/ Advertising

22 November 2007 - Account Manager Wipro Infotech - Innovation Division
22 November 2007 - Business Manager - IRCAM Wipro Infotech - Innovation Division
22 November 2007 - Business Manager - Utility Computing Wipro Infotech - Innovation Division
22 November 2007 - Head - GTM (Go-to-Market) Wipro Infotech - Innovation Division
19 November 2007 - Jr. Analyst / Analyst - Business Research A Leading BPO


Finance/ Banking

22 November 2007 - Manager - Analytics One of the Fast Growing & Leading Consulting Firms
22 November 2007 - Accountant An European MNC in Travel Service Industry
22 November 2007 - Financial / Business Controller An European MNC in Travel Service Industry
22 November 2007 - Business Manager - Utility Computing Wipro Infotech - Innovation Division
21 November 2007 - Sr. Manager - Business Risk A Leading Consulting Company
21 November 2007 - Manager - Business Risk A Leading Consulting Company
21 November 2007 - Sr. Consultant - Business Risk A Leading Consulting Company
21 November 2007 - Project Manager - Business Research / Company Profiles A Leading Provider of Online Data
21 November 2007 - Consultant - Audit / Risk A Leading Consulting Company
20 November 2007 - Opening in PE Monitoring A Global Major
20 November 2007 - Opening in Corporate Finance A Global Finance Major
20 November 2007 - SBU Head - IPO Consulting A Global Major
20 November 2007 - Vice President - Corporate Finance One of the Top-3 I-Banks
20 November 2007 - Vice President - Private Equity 3 Billion Dollar Top I-Bank PE Fund
19 November 2007 - Equity Research Analyst The Market Leaders in Off-Shore Investment Research
19 November 2007 - VP / AVP - Audit (Operations Efficiency / Improvements) A Leading Textile Group With Diversified Product Lines
19 November 2007 - VP / AVP - New Projects A Leading Textile Group With Diversified Product Lines
19 November 2007 - AVP - MIS / Budgeting (Group Corporate Office) A Leading Textile Group With Diversified Product Lines
19 November 2007 - VP / AVP - Audit (Operations / O&M - Improvement) A Leading Textile Group With Diversified Product Lines
19 November 2007 - VP / AVP - M&A A Leading Textile Group With Diversified Product Lines


Operations

22 November 2007 - Supply Chain Consultant A Renowned US-based Management Consulting Firm
22 November 2007 - Operations Manager Wipro Infotech - Innovation Division
22 November 2007 - Business Manager - IRCAM Wipro Infotech - Innovation Division
21 November 2007 - Project Manager - MedTrack A Leading Provider of Online Data
21 November 2007 - Project Manager - Business Research / Company Profiles A Leading Provider of Online Data
20 November 2007 - Opening in Facilities Management One of the Leading US-based Fortune 500 Global Investment Banking Firm
19 November 2007 - VP / AVP - Technical Services A Leading Textile Group With Diversified Product Lines
1 November 2007 - COO A Leading Global MicroFinance Company
29 October 2007 - Manager - Technology Outsourcing/ Process Migrations A Leading Provider Of Independent Risk Consulting & Internal Audit Services
29 October 2007 - Project Manager- Business Research / Company Profiles A Leading Provider of Online Data
29 October 2007 - VP / COO- Manufacturing/OPS- Garment/Shirts Client of ZodiaAc Group of Consultants
18 October 2007 - Domain Specialist - Banking Wipro Infotech - Strategic Sales Division
17 October 2007 - Consultant - Insurance - Process Consulting / Re-engineering World's Leading Management Consulting & Technology Firm
17 October 2007 - Manager - Insurance - Process Consulting World's Leading Management Consulting & Technology Firm
17 October 2007 - Consultant - Insurance Claims World's Leading Management Consulting & Technology Firm


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Openings in Crisil Research
Designation:Trainee Analyst Division/Department:CRISIL Research Qualifications:Management Graduate preferably with a basic degree in Engineering or CA Job Description:Primary responsibility would be to track 2-3 sectors and 8-10 companies and prepare reports at regular frequency. Company reports focus on business and financial analysis as well as preparation of earnings models Contact person for sending CV's:Nisha Borde - nborde@crisil.com..


Equity Research Job Openings in Netscribes
Current Opportunities:Job Title:INVESTMENT RESEARCHPositions for:Managers/Team Leads/AssociatesCandidates holding CFA (AIMR), MBA, CA degrees with a strong understanding of Equity research, Financial modelling and valuations of global and Indian stocksPlease mail across your Word Format CV to hrd@netscribes.com with the post applied for mentioned in the subject line of the mail.For more details visit company site at:www.netscribes.com


Multibagger Stock Pick-Karuturi Networks Ltd.
2 Low Price Stock Picks
Hidden Gem Stock Pick-Gujarat Reclaim
Fortis Healthcare-A Future Value Creator Stock


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VC Updates from VCCircle.Com

VCCIRCLE.Com

Exclusive: Shaadi To Tie Up Second Round Funding With Goldman Sachs
Tano Capital Invests $15 Million In ABG Motors; To Fund Italian Acquisition
Soros Takes A Fancy To Biyani’s Finance Arm

Jagdish Khattar Wants To Set Up India’s AutoNation
Bhilwara Energy To Raise $250 Million For Mini Power Projects
Reliance Entertainment Buys Pune’s Anirights Infomedia

Kadle Effect: Tata Capital To Buy Stake In Auto Comp Firm
Societe Generale To Raise $296 Million For Residential Real Estate In India
Real Estate Roundup: Global Biggies Eyeing Investments Worth $25 Billion

Online Ad Agency Webchutney Raises Money From Capital18
ACK Media Acquires Amar Chitra Katha From India Book House
Religare Trebles On Listing; Edelweiss Capital Issue Oversubscribes 109 Times

BVR Subbu’s Argentum Motors Raises $50 Million In Private Equity
Kubera Cross Border Fund Invests $20 Million In Venture Infotek
JC Flowers Acquires Stake In Maharashtra’s State-Owned NBFC Sicom

HT Media Acquires Social Networking Website Desimartini.com
Moser Baer Pumps More Money Into SolFocus
Exclusive: HT Media Kicks Off PE Activity; Picks Up 10% In Chinese Food Chain Crazy Noodles

NRI-Targeted VOD Company TinselVision Closes Series B Financing
Kubera Partners Plans To Close 4-5 Deals By Year End; To Raise $225M More
Vallabhdas Kanji To Raise Rs 30 Cr From Argonaut Private Equity; IPO Next Year

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Source: http://www.vccircle.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.

Sensex vaults 327 pts at close: Sify.com

Sensex vaults 327 pts at close


There were no great global triggers this morning for traders on the major Indian bourses with US markets having a holiday yesterday and Asian stocks displaying a mixed trend. But the fact that there were no negative points proved a good enough platform for the bulls to go on a rampage in early trade. As the session progressed, some positive news like a drop in inflation, recovery in Asian markets and a positive start on the European bourses aided the sentiment. The upbeat mood notwithstanding, the market witnessed some highly volatile spells today.

The market, which opened with big positive gap and moved further up north this morning, very nearly slipped into the red sometime past mid afternoon following reports of some explosions outside the city civil court in Lucknow. Though bank, healthcare and FMCG stocks remained subdued till the end, thanks to a splendid rally in capital goods, power, realty, metal, oil and information technology stocks, the market ended on a buoyant note today.

The Sensex, which hit a high of 18,910.46 today, snapped a six session losing streak as it ended with a huge gain of 326.55 points or 1.76% at 18,852.87. The Nifty, which vaulted to a high of 5638.60 in intra-day trades today, closed 1.62% or 89.45 points up at 5608.60.

The mood was so positive as the session drew to a close that only a few stocks, Maruti Suzuki (down 2.05%), HDFC Bank (down 1.95%), Cipla (down 0.9%), ITC (down 0.55%), ONGC (down 0.3%), Grasim Industries (down 0.25%), Ranbaxy Laboratories (down marginally) and Mahindra & Mahindra (down marginally), among the Sensex components ended in the negative territory today.

Reliance Energy shot up by 7.5%. DLF recorded a strong gain of 5.6%. HDFC moved up by 4.15%. Larsen & Toubro and BHEL, the capital goods heavyweights, ended higher by 4.05% and 2.35% respectively. NTPC gained nearly 4%. Reliance Industries moved up by a little over 3%. Hindustan Unilever gained 1.85%. Automobile stocks Tata Motors and Bajaj Auto rallied by 3.3% and 2.5% respectively. Reliance Communications (1.25%), ICICI Bank (1.2%), ACC (0.9%), Hindalco (0.9%), Bharti Airtel (0.75%) and State Bank of India (0.45%) also chipped in with smart gains. Tata Steel and Ambuja Cements closed marginally higher than their previous closing levels.

For more details: Sensex vaults 327 pts at close


Other www.Sify.com Stories

• XL Telecom gets Rs 65.8 cr orders
• Simplex Infra bags contract
• Tata Steel’s 3rd store at Barasat
• TutorVista buys Edurite Tech

SAIL plans pellet plant in Orissa
Direct tax collection to touch Rs 3 lakh cr this year
22 FDI proposals worth Rs 511-cr cleared
Pantaloon moves up on Soros future cap stake news
Simplex Infra gets Rs 580 cr contract
Barak Valley shares list up 64%
Sulekha.com on expansion mode

For more: www.sify.com/finance/


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Article/Corporate/Personailty of the Day

Infosys

Infosys Technologies Limited (BSE: 500209, NASDAQ: INFY) is a multinational information technology services company headquartered in Bangalore, India. It is one of India's largest IT companies, with nine development centers in India and over 30 offices worldwide. Infosys and its subsidiaries employ over 80,501 professionals (as of September 30, 2007).[1] Its annual revenues for the fiscal year 2006-2007 exceeded US$3.1 billion with a market capitalization of over US$30 billion.

Infosys was founded on July 2, 1981 in Pune by N. R. Narayana Murthy and six others: Nandan Nilekani, N. S. Raghavan, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora[2], with Raghavan officially being the first employee of the company. Murthy started the company by borrowing Rs.10,000 from his wife Sudha Murthy. The company was incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Matunga, north-central Mumbai as the registered office. In 1983, Infosys moved its headquarters to Bangalore, the capital of Karnataka. In 1987 Infosys got its first foreign client, Data Basics Corporation from the United States.

For more : http://en.wikipedia.org/wiki/Infosys_Technologies

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Tata Consultancy Services

Tata Consultancy Services Limited (TCS Limited company) is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing which commenced operations in 1968. As of 2007, it is Asia's largest And India's No.1 IT services firm with the largest number of employees among all the Indian IT companies with strength of over 100,000[1] IT consultants in 47 countries. The company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. CS is part of one of Asia's largest conglomerates and most respected groups, the Tata Group, which has interests in areas such as energy, telecommunications, financial services, manufacturing, chemicals, engineering and materials. TCS is the first company to be rated at Level 5 maturity for both the CMMI and PCMM framework. It is also the first Indian company to be certified AS 9100: Rev B for design of airframe structures.

For more: http://en.wikipedia.org/wiki/Tata_Consultancy_Services_Limited


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Barak Valley Listing tomorrow

Barak Valley likely to list above Rs 60: Experts


Barak Valley Cements, a cement manufacturer in the north-east region, will list on the bourses on November 23, 2007.
R S Iyer of K R Choksey Securities said, "Barak Valley is expected to list at around Rs 60. One can start booking profits above Rs 80."
"Barak Valley is likely to get listed at Rs 63, as against the issue price of Rs 42. Profit booking is advised above Rs 60", according to Investment Advisor, S P Tulsian.
The company had entered the capital market with an initial public offer (IPO) of 56,60,000 equity shares of Rs 10 each for cash at a price of Rs 42 and its IPO was subscribed around 29 times.
The objects of the issue are to part finance expansion of clinkerisation capacity from present 420 TPD (tonnes per day) to 600 TPD, cement grinding capacity from 460 TPD to 750 TPD, investment in wholly owned subsidiary — Badarpur Energy (P) Ltd.; for setting up a 6 MW biomass based power project, to meet the working capital requirements and for general corporate purpose.
The book running lead manager to the Issue is UTI Securities Limited and the co- book running lead manager is Karvy Investor Services Limited



Other IPOs info

Rathi Bars to list on bourses tomorrow

Kolte-Patil IPO subscribed 45 times

Varun Industries jumps 150% on day one

V- Guard Industries files IPO papers with Seb

Jyothy Labs may see 15-20% upside on listing

Varun Ind sees FY08 topline growth at 25%



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ET headlines

The Economic Times

BHEL bags Rs 2,108-cr contract for Maithon project
Budget-08: Cut in taxes top India Inc wish list
FIIs turn to short-term bonds as yields move up
IT budgeting in US brings bad news for India
Mid-cap shares on a downward path
Tata Group emerges front-runner for Jaguar-Land Rover
PEs top choice list of IIM grads

Moser Baer to bring Kurosawa, Bergman for movie buffs
Heard on the street
Sensex makes way for heavyweights
Soros buys into Biyani's Future Capital
Fortis, DLF close to deal for setting up 15 hospitals
Burger King, Wendy's in talks with DLF for JV

Mixed view on RNRL; pegged at Rs 135
Unions support Tata's bid for Jaguar, Land Rover: Reports
M&M launches customised version of Scorpio
India Inc in top gear: Tata takes lead
Soros buys into Biyani's Future Capital
Rajesh Exports all set to launch Shubh Jewellers

MSPL to invest Rs 1,100 cr in wind energy
Hindustan Dorr Oliver bags Rs 111.50-cr order from HPCL
Wasserstein picks 12% in Euro Ceramics for Rs 60 cr
PVR plans to invest Rs 400 cr to open 250 screens
Prime Focus to acquire two US firms
Vishal Retail may sell stake for expansion: CMD

Indian telecom market to be at Rs 344,921 crore by 2012
India's steel capacity seen at 124 mn tonnes by 2011/12
India-China trade tops $27b till Sept
Sensex slide leaves investors poorer by Rs 4,13,000 crore

Varun Industries debuts at Rs 105
Varun Industries closes at 97% premium
V-Guard Industries files IPO papers
HDFC mutual plans infrastructure fund

United India Insurance co signs 7-year pact with HP
LIC first to set up pension fund company
India among the safer emerging markets


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Mkts display high volatility; Sensex ends -79 points: Sify.Com

Mkts display high volatility; Sensex ends

NIFTY 5519.35 -41.70
SENSEX 18526.32 -76.30

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/


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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

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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


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