Finance Openings in Sundaram BNP Paribas Fund
Sundaram BNP Paribas Mutual offers you exciting opportunities in the following departments-
Finance & Administration
Investments
Product & Risk Management
Interested candidates can send in their resumes to hrd@sundarambnpparibas.in
Company site:http://www.sundarambnpparibas.in/?cmd=home
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Equity Reaearch Openings in Pi Business Research
Some of the current job vacancies are:
Equity Research Analysts
CFAs
Content writers with degree in English, Journalism or Mass Communication
Technical Writers
Pi Business Research is an upcoming business research and content development organization is looking for talented writers to join the team. if you have an intrinsic love to research and write on a wide range of subjects, then send your CV to contact@pibusinessresearch.com
For more information visit company site at:http://www.pibusinessresearch.com/index.aspx
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Research Analyst Openings in Baljit Securities
Department:ResearchRequirement:Incumbents should have proficiency in oral & written communication, experience in usage & interpretation of various technical charting software / tools, should have proven track record in research department. Interest candidates are requested to email their resume at hrd@baljitgroup.com. Please mention the head which you are applying for as subject.
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Investment Banking Openings in Singhi Advisors
Positions open are:
1)Vice President - Investment Banking
2)Assistant Vice President - Investment Banking
Company Requirements:You will be expected to work in a highly-challenging and professional environment. You should either be an MBA, preferably with an Engineering background from a reputed institute, or a CA/ ICWA, with relevant work experience with Investment Banks/ Consulting Firms/ FIIs/ Large Corporates with Multi-functional activities, etc. Knowledge of Company Law, SEBI guidelines, International Business, FEMA, IAS, GAAP and overall regulatory environment would be an additional asset. Resumes can be mailed to:jobs@singhi.com
visit company site for more information:http://www.singhi.com/index.html
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The markets ended on a very positive note on Friday.This trend is expected to continiue in the coming days going by the way things are shaping up.
Markets outlook and Sector Picks
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Listed are 3 stocks which are trading below Rs. 100 but have the potential to double with a 1-2 year investment horizon.These stocks are selected on basis of the industry prospects,current value and strong fundamantals.Complete reports to follow.
Low Price High Potential Stock Picks
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Company:Himalya International Ltd.Industry:Food Processing - Fruits & VegetablesCMP:21.78 PE Ratio:11.24Recommendation:Outperformer
Low price multibagger stock pick
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Source: www.kpowave.blogspot.com and http://freestocktips-2007.blogspot.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 provided. 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.
02 December 2007
Six Indians on Forbes' self-made billionaires list: Yahoo India
Six Indians on Forbes' self-made billionaires list
New York, Dec 2 (IANS) Six Indians, led by Sunil B. Mittal of Bharti group and Ramesh Chandra of Unitech, are among 20 self-made billionaires of Asia featured by Forbes magazine. The list also includes a Malaysian-Indian, Anand Krishnan.
Mittal is ranked third with a personal fortune worth $12.5 billion, followed by Chandra (4th, $11.6 billion) and Tulsi Tanti of Suzlon (5th, $10 billion). The other Indians are Gautam Adani of the now-diversified Adani Group (10th, $6.7 billion), G.M. Rao of infrastructure major GMR Group ($6.2 billion, 13th, and Uday Kotak of Kotak financial services group (20th, $4.6 billion).
Anand Krishnan of Malaysia, who is ranked sixth with a personal fortune of $7.4 billion, runs his country's largest mobile phone network, and also has a joint venture with the Chennai-based Sun TV group for satellite television.
Forbes says Sunil Mittal started his business in 1976 with just $1,500 borrowed from his father. 'Later he co-founded Bharti with two brothers. Now their Bharti Airtel is nation's largest mobile-phone operator with over 50 million customers.''When Indian billionaire G.M. Rao flunked the 10th grade, his father urged him to drop out and work with him. But Rao persuaded the village doctor, a family friend, to lean on his father to let him return to school,' Forbes says.
The magazine further says Rao was the first from his family to go school, joined the family's commodities business and then diversified into sugar, alloys and breweries, which had to close shop due to prohibition.
'Since then he has won bids to modernize airports at Hyderabad and Delhi. In July, he won a $2.7 billion contract to build a new airport terminal in Istanbul in a consortium with Malaysia Airports.' Ramesh Chandra, who is the son of a banker, studied structural engineering in Britain and later moved in to residential real estate, building middle-income housing in southern and eastern India.
The magazine says his flagship Unitech is now run by his two sons and expanding from residential development into theme parks and shopping malls.
Tanti has been described as a self-made billionaire who started as a textiles trader and turned to alternative energy when escalating power costs threatened to put him out of business.
'With three brothers, he started a wind power venture in 1995. Now, his Suzlon Energy is the largest wind power company by market-cap in the world.'
Adani, Forbes says, dropped out of college and started his enterprise in the 1980s, importing scarce plastic polymers. 'He took company public in 1994; moved into ports, call centers, edible oils.'Kotak, an ardent cricket fan who played for his college, spurred his family's trading business to start finance firm. He then converted the finance firm into a bank and his stocks are soaring since buying out Goldman Sachs last year.
Source: http://in.news.yahoo.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 provided. Blog is not responsible for any faulty information.
New York, Dec 2 (IANS) Six Indians, led by Sunil B. Mittal of Bharti group and Ramesh Chandra of Unitech, are among 20 self-made billionaires of Asia featured by Forbes magazine. The list also includes a Malaysian-Indian, Anand Krishnan.
Mittal is ranked third with a personal fortune worth $12.5 billion, followed by Chandra (4th, $11.6 billion) and Tulsi Tanti of Suzlon (5th, $10 billion). The other Indians are Gautam Adani of the now-diversified Adani Group (10th, $6.7 billion), G.M. Rao of infrastructure major GMR Group ($6.2 billion, 13th, and Uday Kotak of Kotak financial services group (20th, $4.6 billion).
Anand Krishnan of Malaysia, who is ranked sixth with a personal fortune of $7.4 billion, runs his country's largest mobile phone network, and also has a joint venture with the Chennai-based Sun TV group for satellite television.
Forbes says Sunil Mittal started his business in 1976 with just $1,500 borrowed from his father. 'Later he co-founded Bharti with two brothers. Now their Bharti Airtel is nation's largest mobile-phone operator with over 50 million customers.''When Indian billionaire G.M. Rao flunked the 10th grade, his father urged him to drop out and work with him. But Rao persuaded the village doctor, a family friend, to lean on his father to let him return to school,' Forbes says.
The magazine further says Rao was the first from his family to go school, joined the family's commodities business and then diversified into sugar, alloys and breweries, which had to close shop due to prohibition.
'Since then he has won bids to modernize airports at Hyderabad and Delhi. In July, he won a $2.7 billion contract to build a new airport terminal in Istanbul in a consortium with Malaysia Airports.' Ramesh Chandra, who is the son of a banker, studied structural engineering in Britain and later moved in to residential real estate, building middle-income housing in southern and eastern India.
The magazine says his flagship Unitech is now run by his two sons and expanding from residential development into theme parks and shopping malls.
Tanti has been described as a self-made billionaire who started as a textiles trader and turned to alternative energy when escalating power costs threatened to put him out of business.
'With three brothers, he started a wind power venture in 1995. Now, his Suzlon Energy is the largest wind power company by market-cap in the world.'
Adani, Forbes says, dropped out of college and started his enterprise in the 1980s, importing scarce plastic polymers. 'He took company public in 1994; moved into ports, call centers, edible oils.'Kotak, an ardent cricket fan who played for his college, spurred his family's trading business to start finance firm. He then converted the finance firm into a bank and his stocks are soaring since buying out Goldman Sachs last year.
Source: http://in.news.yahoo.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 provided. Blog is not responsible for any faulty information.
01 December 2007
Myiris, Moneycontrol Updates
Moneycontrol.Com
FIIs see Indian mkts moving up from here
Mobile operators must return excess spectrum: A Raja
Five stocks that will rise high in future
December offers best returns to investors
Reliance Petroleum can retest Rs 290: Gujral
Does arbitrage on new F&O entrants pay?
Maruti Nov sales up at 69,699; Bajaj Auto flat at 2.11lakh
Wall St end mixed; worst monthly drop in 5-year for Dow
Fed may cut rates again post 11 Dec meet: JP Morgan
10% discount for retail category in primary mkt a good move
Reliance Petroleum can go up to Rs 300
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Myiris.Com
Reliance Energy board to consider fund raising
Life Insurance industry grows 47.38% in FY07
Videocon acquires 2,000 acres in WB
Restrictions on P-notes hit FII inflows & Indian blue chips
Source: http://www.moneycontrol.com and 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 and make verification about the information provided. Blog is not responsible for any faulty information.
FIIs see Indian mkts moving up from here
Mobile operators must return excess spectrum: A Raja
Five stocks that will rise high in future
December offers best returns to investors
Reliance Petroleum can retest Rs 290: Gujral
Does arbitrage on new F&O entrants pay?
Maruti Nov sales up at 69,699; Bajaj Auto flat at 2.11lakh
Wall St end mixed; worst monthly drop in 5-year for Dow
Fed may cut rates again post 11 Dec meet: JP Morgan
10% discount for retail category in primary mkt a good move
Reliance Petroleum can go up to Rs 300
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Myiris.Com
Reliance Energy board to consider fund raising
Life Insurance industry grows 47.38% in FY07
Videocon acquires 2,000 acres in WB
Restrictions on P-notes hit FII inflows & Indian blue chips
Source: http://www.moneycontrol.com and 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 and make verification about the information provided. Blog is not responsible for any faulty information.
Economic Times, Rediff Updates
The Economic Times.com
Cabinet nod for Plan draft, targets 9% GDP growth
Govt counts on dividend & taxes
Forex reserves jump to $272 billion
Analysts' picks: Aban Offshore,Great Offshore , Aegis Logistics,GAIL, DS Kulkarni, GMR
Aditya Birla Group to hire 55,000 for retail operations
Indians among top 3 in legal immigrant population in US
Air India to raise fuel surcharge by Rs 300 from Monday
GDP nos can't stop this bullwagon
GM India November sales up 110 pc
India Pistons inks JV with German firm
Maruti November sales up 24 pc; highest ever in a month
Bajaj Auto Ltd November motorcycle sales dip 2 pc
TVS bike sales dip 17 pc in November
RPL bags Krishnapatnam power project
Power Grid Corp, 3 others to submit final bids for TransCo in mid-December
RINL mulls taking over Bird Group for meeting iron ore needs
Anil Ambani's Hollywood dream takes shape
Lateral hiring to set new record at IIMs
NRI Bhatia front-runner to acquire Waldorf Hilton
Apr-Oct deficit at 54.5% of Budget estimates
Foreign broking houses lose key staff to local peers
Guru.com tie with Tata Sky
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Rediff.Com
Jet vs Kingfisher: The battle for No.1 slot
How RBI plans to rein in recovery agents
8 ways to identify profitable shares
All Biz
Cabinet nod for Plan draft, targets 9% GDP growth
Govt counts on dividend & taxes
Forex reserves jump to $272 billion
Analysts' picks: Aban Offshore,Great Offshore , Aegis Logistics,GAIL, DS Kulkarni, GMR
Aditya Birla Group to hire 55,000 for retail operations
Indians among top 3 in legal immigrant population in US
Air India to raise fuel surcharge by Rs 300 from Monday
GDP nos can't stop this bullwagon
GM India November sales up 110 pc
India Pistons inks JV with German firm
Maruti November sales up 24 pc; highest ever in a month
Bajaj Auto Ltd November motorcycle sales dip 2 pc
TVS bike sales dip 17 pc in November
RPL bags Krishnapatnam power project
Power Grid Corp, 3 others to submit final bids for TransCo in mid-December
RINL mulls taking over Bird Group for meeting iron ore needs
Anil Ambani's Hollywood dream takes shape
Lateral hiring to set new record at IIMs
NRI Bhatia front-runner to acquire Waldorf Hilton
Apr-Oct deficit at 54.5% of Budget estimates
Foreign broking houses lose key staff to local peers
Guru.com tie with Tata Sky
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Rediff.Com
Jet vs Kingfisher: The battle for No.1 slot
How RBI plans to rein in recovery agents
8 ways to identify profitable shares
All Biz
Source: http://www.theeconomictimes.com and www.rediff.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 provided. Blog is not responsible for any faulty information.
Labels:
Economic Times,
Rediff Updates
GDP growth slows to 8.9% in Q2 : BusinessLine
GDP growth slows to 8.9% in Q2
The economy has registered a growth of 8.9 per cent in the second quarter (July-September) of the current fiscal. This is below the 10.2 per cent year-on-year increase in the gross domestic product (GDP) for the corresponding quarter of 2006-07 and also the 9.3 per cent growth of the first quarter of this fiscal.
“As anticipated, the overall growth has moderated”, admitted the Union Finance Minister, Mr P. Chidambaram. In the same breadth, however, he noted that the 8.9 per cent figure was close to the nine per cent level as earlier predicted. “I am still confident that growth for the whole year will be pretty close to nine per cent”, the Minister added.
First half growth
The GDP growth for the first half of 2007-08 works out to 9.1 per cent (against 9.9 per cent for April-September 2006-07), as per the estimates released by the Central Statistical Organisation (CSO) here on Friday. The overall growth rate for 2006-07 amounted to 9.4 per cent, while it was nine per cent in 2005-06, 7.5 per cent in 2004-05 and 8.5 per cent in 2003-04.
Mr Chidambaram made it clear that the Government was not looking at growth hitting double digits this fiscal. But even if it turns out in the region of nine per cent, it would cap a five-year dream run, unprecedented in the recorded history of the country’s economy.
Deceleration
The moderation in GDP increase during the latest quarter was mainly due to lower growth of manufacturing (8.6 per cent against 12.7 per cent for July-September 2006). A similar deceleration was reported for ‘electricity, gas and water supply’ (7.3 per cent against 8.1 per cent), ‘trade, hotels, transport and communications’ (11.4 per cent against 14.2 per cent), ‘financing, insurance, real estate and business services’ (10.6 per cent against 11.1 per cent) and ‘community, social and personal services’ (7.8 per cent against 8.3 per cent).
The only sectors to buck the trend were ‘agriculture’ (which grew 3.6 per cent during July-September 2007, against 2.9 per cent) and ‘mining and quarrying’ (7.7 per cent versus 3.9 per cent). Construction, too, maintained its last year’s corresponding growth rate of 11.1 per cent.
Investment rates
Mr Chidambaram attributed the decline in manufacturing growth mainly to segments such as consumer durables. However, he based his overall optimism for the economy on the sustained investment rates, as measured by the ratio of gross fixed capital formation (GFCF) to GDP. This number (at constant 1999-2000 prices) stood at 30.3 per cent for July-September 2007, which was higher than the 28.6 per cent for July-September 2006 and 29.6 per cent for April-June 2006.
“The high GFCF rate of 30.3 per cent shows that buoyancy in investment remains intact and investment continues to be the driver of growth. It gives me the confidence that the year will end with a GDP growth pretty close to nine per cent”, the Finance Minister added.
More @ www.businessline.in
Other stories :
Maruti Nov sales up 24%; highest ever in a month
Bajaj Auto's sales down 3% in November
SBI rights issue gets go-ahead
Analysts welcome Govt nod to SBI rights issue
Air travel to cost more on fuel price rise
REL looking at funding options for Sasan, Krishnapatnam projects
Hindalco looking for copper assets in Zambia
Now, surf the Net free-of-cost at kiosks
Cement stocks move up on price hike hopes
Source: http://www.businesslin.in. 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 provided. Blog is not responsible for any faulty information.
The economy has registered a growth of 8.9 per cent in the second quarter (July-September) of the current fiscal. This is below the 10.2 per cent year-on-year increase in the gross domestic product (GDP) for the corresponding quarter of 2006-07 and also the 9.3 per cent growth of the first quarter of this fiscal.
“As anticipated, the overall growth has moderated”, admitted the Union Finance Minister, Mr P. Chidambaram. In the same breadth, however, he noted that the 8.9 per cent figure was close to the nine per cent level as earlier predicted. “I am still confident that growth for the whole year will be pretty close to nine per cent”, the Minister added.
First half growth
The GDP growth for the first half of 2007-08 works out to 9.1 per cent (against 9.9 per cent for April-September 2006-07), as per the estimates released by the Central Statistical Organisation (CSO) here on Friday. The overall growth rate for 2006-07 amounted to 9.4 per cent, while it was nine per cent in 2005-06, 7.5 per cent in 2004-05 and 8.5 per cent in 2003-04.
Mr Chidambaram made it clear that the Government was not looking at growth hitting double digits this fiscal. But even if it turns out in the region of nine per cent, it would cap a five-year dream run, unprecedented in the recorded history of the country’s economy.
Deceleration
The moderation in GDP increase during the latest quarter was mainly due to lower growth of manufacturing (8.6 per cent against 12.7 per cent for July-September 2006). A similar deceleration was reported for ‘electricity, gas and water supply’ (7.3 per cent against 8.1 per cent), ‘trade, hotels, transport and communications’ (11.4 per cent against 14.2 per cent), ‘financing, insurance, real estate and business services’ (10.6 per cent against 11.1 per cent) and ‘community, social and personal services’ (7.8 per cent against 8.3 per cent).
The only sectors to buck the trend were ‘agriculture’ (which grew 3.6 per cent during July-September 2007, against 2.9 per cent) and ‘mining and quarrying’ (7.7 per cent versus 3.9 per cent). Construction, too, maintained its last year’s corresponding growth rate of 11.1 per cent.
Investment rates
Mr Chidambaram attributed the decline in manufacturing growth mainly to segments such as consumer durables. However, he based his overall optimism for the economy on the sustained investment rates, as measured by the ratio of gross fixed capital formation (GFCF) to GDP. This number (at constant 1999-2000 prices) stood at 30.3 per cent for July-September 2007, which was higher than the 28.6 per cent for July-September 2006 and 29.6 per cent for April-June 2006.
“The high GFCF rate of 30.3 per cent shows that buoyancy in investment remains intact and investment continues to be the driver of growth. It gives me the confidence that the year will end with a GDP growth pretty close to nine per cent”, the Finance Minister added.
More @ www.businessline.in
Other stories :
Maruti Nov sales up 24%; highest ever in a month
Bajaj Auto's sales down 3% in November
SBI rights issue gets go-ahead
Analysts welcome Govt nod to SBI rights issue
Air travel to cost more on fuel price rise
REL looking at funding options for Sasan, Krishnapatnam projects
Hindalco looking for copper assets in Zambia
Now, surf the Net free-of-cost at kiosks
Cement stocks move up on price hike hopes
Source: http://www.businesslin.in. 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 provided. Blog is not responsible for any faulty information.
Weekly wrap-up - Sensex rises 510.32 pts : Myiris.com
Weekly wrap-up: Sensex rises 510.32 pts
Indian equities regained its momentum in a volatile session during the last week, helped by the strong rally in the market on Friday, on the back of huge buying by foreign as well as domestic institutional investors after the US Federal Reserve chairman Ben S. Bernanke indicated that the Federal Reserve may reduce interest rates to boost economic growth.
The broad based rise in the market was led by the realty, metal, consumer durable, IT, banking and auto stocks. India`s benchmark 30 share index, BSE Sensex gained 510.32 points, or 2.71%, to 19,363.19 over the week ended November 30, while the broad based NSE Nifty climbed 154.15 points, or 2.75%, to 5,762.75 in the same period. The mid-cap index climbed 3.95% while the small-cap index gained 3.49% in the week. BSE Realty index jumped 8.62%, while Metal index surged 6.85%. Consumer durable index gained 5.18%, IT index climbed 4.49%, Bankex rose 4.38%, Auto index increased 4.05% and Oil & gas index went up 3.10% in the week ended November 30.
Overseas investors were net sellers in equities worth Rs 12.21 billion in the period of November 26 to November 29. As per the provisional figures overseas investors bought net of Rs 10.72 billion worth equities on November 30. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 8.41 billion in the period of November 26 to November 29.
Major Corporate Announcements / Developments
Software shares such as Tata Consultancy Services, Infosys Technologies, Satyam Computer, and Wipro climbed in the week on speculation that lower interest in US will strengthen demand for their services. Reliance Power, a subsidiary of Reliance Energy, received a letter of intent for 4,000 MW ultra mega power project (UMPP) based on imported-coal at Krishnapatnam, Andhra Pradesh.
Shares of Adani Group promoted Mundra Port and Special Economic Zone listed at a premium of Rs 330, or 75%, at Rs 770 as compared with the issue price of Rs 440 a share on November 27. It touched a high of Rs 1,150, a low of Rs 770. Shares finally closed with a premium of Rs 521.7, or 118.57%, at Rs 961.7. Total volume of shares traded was 14,721,792.India`s biggest lender, State Bank of India secured cabinet approval to raise maximum of Rs 167 billion by selling stock to existing shareholders, reports Bloomberg.
The Union Cabinet on November 30 approved to raise the capital of State Bank of India by subscribing to a rights issue of equity shares worth Rs 100 billion (USD 2.5 billion). The board of India`s biggest power transmission company, Power Grid Corporation of India approved investment proposals worth Rs 16.30 billion, which will be invested in strengthening transmission systems under various schemes. Oil PricesOil prices slipped to their lowest in more than a month on Friday, falling below USD 89 a barrel on heavy selling on signs of weakening demand and expectations that OPEC will increased production.
InflationIndia`s wholesale price index (WPI) based Inflation moved up 3.21% for the week ended November 17, as against 3.01% in the previous week. The annual rate of inflation stood at 5.56%, a year ago.
GDPIndia`s gross domestic product (GDP) grew at lowest rate in Q2 of fiscal 2007-08, since last 12 months. The economy expanded at a rate of 8.9% in Q2 of fiscal 2007-08 compared with 10.2% in the same quarter previous year. This was mainly due to weaker growth in manufacturing, trade, hotels, transport, communication, financing, real estates and business services.
More@ www.myiris.com
Source: http://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 and make verification about the information provided. Blog is not responsible for any faulty information.
Indian equities regained its momentum in a volatile session during the last week, helped by the strong rally in the market on Friday, on the back of huge buying by foreign as well as domestic institutional investors after the US Federal Reserve chairman Ben S. Bernanke indicated that the Federal Reserve may reduce interest rates to boost economic growth.
The broad based rise in the market was led by the realty, metal, consumer durable, IT, banking and auto stocks. India`s benchmark 30 share index, BSE Sensex gained 510.32 points, or 2.71%, to 19,363.19 over the week ended November 30, while the broad based NSE Nifty climbed 154.15 points, or 2.75%, to 5,762.75 in the same period. The mid-cap index climbed 3.95% while the small-cap index gained 3.49% in the week. BSE Realty index jumped 8.62%, while Metal index surged 6.85%. Consumer durable index gained 5.18%, IT index climbed 4.49%, Bankex rose 4.38%, Auto index increased 4.05% and Oil & gas index went up 3.10% in the week ended November 30.
Overseas investors were net sellers in equities worth Rs 12.21 billion in the period of November 26 to November 29. As per the provisional figures overseas investors bought net of Rs 10.72 billion worth equities on November 30. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 8.41 billion in the period of November 26 to November 29.
Major Corporate Announcements / Developments
Software shares such as Tata Consultancy Services, Infosys Technologies, Satyam Computer, and Wipro climbed in the week on speculation that lower interest in US will strengthen demand for their services. Reliance Power, a subsidiary of Reliance Energy, received a letter of intent for 4,000 MW ultra mega power project (UMPP) based on imported-coal at Krishnapatnam, Andhra Pradesh.
Shares of Adani Group promoted Mundra Port and Special Economic Zone listed at a premium of Rs 330, or 75%, at Rs 770 as compared with the issue price of Rs 440 a share on November 27. It touched a high of Rs 1,150, a low of Rs 770. Shares finally closed with a premium of Rs 521.7, or 118.57%, at Rs 961.7. Total volume of shares traded was 14,721,792.India`s biggest lender, State Bank of India secured cabinet approval to raise maximum of Rs 167 billion by selling stock to existing shareholders, reports Bloomberg.
The Union Cabinet on November 30 approved to raise the capital of State Bank of India by subscribing to a rights issue of equity shares worth Rs 100 billion (USD 2.5 billion). The board of India`s biggest power transmission company, Power Grid Corporation of India approved investment proposals worth Rs 16.30 billion, which will be invested in strengthening transmission systems under various schemes. Oil PricesOil prices slipped to their lowest in more than a month on Friday, falling below USD 89 a barrel on heavy selling on signs of weakening demand and expectations that OPEC will increased production.
InflationIndia`s wholesale price index (WPI) based Inflation moved up 3.21% for the week ended November 17, as against 3.01% in the previous week. The annual rate of inflation stood at 5.56%, a year ago.
GDPIndia`s gross domestic product (GDP) grew at lowest rate in Q2 of fiscal 2007-08, since last 12 months. The economy expanded at a rate of 8.9% in Q2 of fiscal 2007-08 compared with 10.2% in the same quarter previous year. This was mainly due to weaker growth in manufacturing, trade, hotels, transport, communication, financing, real estates and business services.
More@ www.myiris.com
Source: http://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 and make verification about the information provided. Blog is not responsible for any faulty information.
30 November 2007
Know About: eBay, Amazon.com
eBay
eBay Inc. (NASDAQ: EBAY) is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell goods and services worldwide. In addition to its original U.S. website, eBay has established localized websites in several other countries. eBay Inc also owns PayPal, Skype, and other businesses.
More about @ http://en.wikipedia.org/wiki/EBay
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Amazon.com
Amazon.com, Inc. (NASDAQ: AMZN) is an American e-commerce company based in Seattle, Washington. It was one of the first major companies to sell goods over the Internet and was one of the iconic stocks of the late 1990s dot-com bubble. After the bubble burst, Amazon faced skepticism about its business model, but it made its first annual profit in 2003.
Founded by Jeff Bezos in 1994, and launched in 1995, Amazon.com began as an online bookstore, though it soon diversified its product lines, adding VHSs, DVDs, music CDs, MP3s, computer software, video games, electronics, apparel, furniture, food, toys, and more.
Amazon has established separate websites in Canada, the United Kingdom, Germany, Austria, France, China, and Japan. It ships globally on selected products.
More @ http://en.wikipedia.org/wiki/Amazon.com
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eBay Inc. (NASDAQ: EBAY) is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell goods and services worldwide. In addition to its original U.S. website, eBay has established localized websites in several other countries. eBay Inc also owns PayPal, Skype, and other businesses.
More about @ http://en.wikipedia.org/wiki/EBay
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Amazon.com
Amazon.com, Inc. (NASDAQ: AMZN) is an American e-commerce company based in Seattle, Washington. It was one of the first major companies to sell goods over the Internet and was one of the iconic stocks of the late 1990s dot-com bubble. After the bubble burst, Amazon faced skepticism about its business model, but it made its first annual profit in 2003.
Founded by Jeff Bezos in 1994, and launched in 1995, Amazon.com began as an online bookstore, though it soon diversified its product lines, adding VHSs, DVDs, music CDs, MP3s, computer software, video games, electronics, apparel, furniture, food, toys, and more.
Amazon has established separate websites in Canada, the United Kingdom, Germany, Austria, France, China, and Japan. It ships globally on selected products.
More @ http://en.wikipedia.org/wiki/Amazon.com
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 provided. Blog is not responsible for any faulty information.
Angel investor: A life line for rookie entrepreneurs
Angel investor: A life line for rookie entrepreneurs : The Economic Times
Business aspirant Madan Pandit quit his job in 2004 and roamed Bangalore’s cyber cafes to build the prototype of an online search analytics tool, which he later converted into his first venture. When he needed funds for the start-up, he didn’t consider venture capital (VC) firms but approached well-known angel investor Kanwaljit Singh. With an unproven technology and hardly a business model to speak of, he still succeeded in getting the funding. On the other hand, Phaninder Sama, co-founder of Redbus.in, an online bus ticketing site, ran his new business for around three months before making a venture capital pitch.
He and his partners skipped the angel step altogether. They, too, got the money. In fact, the new image acquired by the VC connection helped them hire high-class talent. Two entrepreneurs. Two radically opposite strategies. And both are happy with their respective choices today. So, how does one tell whether a new business should go in for angel investment or venture capital funding? It is indeed a crucial choice for a small company, because if an entrepreneur is not yet ready for venture capital, it is pointless to waste time pitching the business to VCs and more profitable to approach an angel.
Angel investors, often, are successful entrepreneurs themselves, fondly reliving their early struggles and wanting to mentor young minds. Some think of investments in start-ups as a way to give back to society. Others, who left India and made it big in the West, want to shrink the country’s economic growth curve with the stimulus their money would bring to entrepreneurship. Thus, they are driven first by the beauty of new ideas and only then, by return on investment. They can put in as little as a few lakhs of rupees to as much as several crores.
Venture capital funds, on the contrary, are professionally-driven enterprises which pool in resources from their investors and channel them into ideas that are more likely to succeed. They often look for a proven, or at least a well thought-out business model, cash flow, management bandwidth and so on. They also look to invest a sizeable amount of money, say a few million dollars. “By default, you would always want to go in for VC,” Suvir Sujan, a venture capitalist with Nexus India Capital and a former angel investor, said. “VCs can get you further with capital. With an angel, you could get stuck, because there is only so much funding an angel can provide. After all, he is just one individual.
The VC offers the stability of an institution.” However, an angel would be the option when VCs are telling you it is too early to invest in your company, he added. Venture capital funds can be of immense help in building a company to maturity, after the business has cleared the initial hurdle of getting on the track. In an increasingly globalised world, marketing and hiring the best talent can be expensive and large investments are called for in the growth stage. Angel investors don’t have the financial muscle to shepherd their investee companies beyond a point.
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
Business aspirant Madan Pandit quit his job in 2004 and roamed Bangalore’s cyber cafes to build the prototype of an online search analytics tool, which he later converted into his first venture. When he needed funds for the start-up, he didn’t consider venture capital (VC) firms but approached well-known angel investor Kanwaljit Singh. With an unproven technology and hardly a business model to speak of, he still succeeded in getting the funding. On the other hand, Phaninder Sama, co-founder of Redbus.in, an online bus ticketing site, ran his new business for around three months before making a venture capital pitch.
He and his partners skipped the angel step altogether. They, too, got the money. In fact, the new image acquired by the VC connection helped them hire high-class talent. Two entrepreneurs. Two radically opposite strategies. And both are happy with their respective choices today. So, how does one tell whether a new business should go in for angel investment or venture capital funding? It is indeed a crucial choice for a small company, because if an entrepreneur is not yet ready for venture capital, it is pointless to waste time pitching the business to VCs and more profitable to approach an angel.
Angel investors, often, are successful entrepreneurs themselves, fondly reliving their early struggles and wanting to mentor young minds. Some think of investments in start-ups as a way to give back to society. Others, who left India and made it big in the West, want to shrink the country’s economic growth curve with the stimulus their money would bring to entrepreneurship. Thus, they are driven first by the beauty of new ideas and only then, by return on investment. They can put in as little as a few lakhs of rupees to as much as several crores.
Venture capital funds, on the contrary, are professionally-driven enterprises which pool in resources from their investors and channel them into ideas that are more likely to succeed. They often look for a proven, or at least a well thought-out business model, cash flow, management bandwidth and so on. They also look to invest a sizeable amount of money, say a few million dollars. “By default, you would always want to go in for VC,” Suvir Sujan, a venture capitalist with Nexus India Capital and a former angel investor, said. “VCs can get you further with capital. With an angel, you could get stuck, because there is only so much funding an angel can provide. After all, he is just one individual.
The VC offers the stability of an institution.” However, an angel would be the option when VCs are telling you it is too early to invest in your company, he added. Venture capital funds can be of immense help in building a company to maturity, after the business has cleared the initial hurdle of getting on the track. In an increasingly globalised world, marketing and hiring the best talent can be expensive and large investments are called for in the growth stage. Angel investors don’t have the financial muscle to shepherd their investee companies beyond a point.
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
Economic Times Headlines
Economy slows down to 8.9 pc in second quarter
India's economy likely to slow in second quarter: : Analysts
Near 9 pc economic growth in FY'08 possible: FM
Unitech's IT SEZs notified
FDI limit in aviation on cards
April-Oct fiscal deficit at $20.7bn
Omaxe to set up SEZ in Rajasthan
Wall St set to jump on rate cut hop
Tata Steel signs JV with Australian Riversdale Mining
Sensex stuns by 360 pts rally
Cabinet approves SBI rights issue
Angel investor: A life line for rookie entrepreneurs
United Spirits to merge Shaw Wallace with itself
Govt may find buyers for RILbs KG gas
Indo Asian to enter cables, wires business
Hindalco eyes South American copper mines
Tata Steel, Riversdale Mining in JV for Mozambique coal project
Entrepreneurs take to the sky with regional airlines
Customs, tax sops for textile exporters
Cabinet approves 11th Plan; aims at 9 pc growth
FDI limit in aviation on cards
BSE steps in to check surge in IL&FS Investsmart, 11 others
Realty stocks soar on govt plans
Traders rollover short positions to December series
Mystery of the missing Reliance Petroleum short-sellers
Adlabs Film in ban period in F&O segment
Builders rush to grab concessional pie
SAIL wins India's Employers of Choice Award 2007
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
India's economy likely to slow in second quarter: : Analysts
Near 9 pc economic growth in FY'08 possible: FM
Unitech's IT SEZs notified
FDI limit in aviation on cards
April-Oct fiscal deficit at $20.7bn
Omaxe to set up SEZ in Rajasthan
Wall St set to jump on rate cut hop
Tata Steel signs JV with Australian Riversdale Mining
Sensex stuns by 360 pts rally
Cabinet approves SBI rights issue
Angel investor: A life line for rookie entrepreneurs
United Spirits to merge Shaw Wallace with itself
Govt may find buyers for RILbs KG gas
Indo Asian to enter cables, wires business
Hindalco eyes South American copper mines
Tata Steel, Riversdale Mining in JV for Mozambique coal project
Entrepreneurs take to the sky with regional airlines
Customs, tax sops for textile exporters
Cabinet approves 11th Plan; aims at 9 pc growth
FDI limit in aviation on cards
BSE steps in to check surge in IL&FS Investsmart, 11 others
Realty stocks soar on govt plans
Traders rollover short positions to December series
Mystery of the missing Reliance Petroleum short-sellers
Adlabs Film in ban period in F&O segment
Builders rush to grab concessional pie
SAIL wins India's Employers of Choice Award 2007
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
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