Sensex snaps winning streak, loses 74 pts at close
Sify India
It was a sluggish session for several blue chip stocks on the major Indian bourses today as participants stayed wary of building up positions due to lack of triggers. A few front line stocks did manage to garner support and posted smart gains, but then, save for a brief while this morning, it was a rather choppy journey for the benchmark indices Sensex and Nifty today.
While the Sensex, which opened with a positive gap of over 100 points at 19,707.86 - it remained its high for the session - but tumbled to 19,482.34 in late afternoon trade, ended with a loss of 73.91 points or 0.38% at 19,529.50, the Nifty settled 0.11% or 6.65 points down at 5858.35. In intra-day trades today, the Nifty touched a high of 5897.25 and a low of 5840.30.
Midcap and Smallcap stocks, however, had a fairly bright outing once again. Mirroring investor interest for these stocks, the BSE Midcap and Smallcap indices climbed up 1.6% and 1.58% respectively. Reliance Industries (down 2.3%), Tata Consultancy Services (down 2.2%), ICICI Bank (down2.1%), Satyam Computer Services (down1.55%), ONGC (down 1.25%) and Ranbaxy Laboratories (down 1.1%) took a severe beating in late afternoon trade.
Grasim Industries, Bharti Airtel, HDFC, Maruti Suzuki, Reliance Energy, NTPC, ACC, State Bank of India and Bajaj Auto eased by 0.25% - 1%. Cipla ended with a marginal loss at Rs 184.80. Reliance Communications ended at its previous closing price.
A host of stocks from the metal space, led by Tata Steel (4.1%), surged higher and lifted the Metal index up by nearly 3.25% today. Hindalco, which remained somewhat subdued for a better part of the session, ended with a gain of 1.15%. SAIL shot up by 8.55% to Rs 284.90. Maharashtra Seamless vaulted 12.4% to Rs 574.10. Jindal Steel jumped 9.3% on strong volumes.
Jindal Stainless, Shree Precoated Steels, Sesa Goa, JSW Steel, Gujarat NRE Coke, Bhushan Steel and Jindal Saw gained smart ground. Ispat Industries edged up by around 0.75%. Mahindra & Mahindra ended with a handsome gain of 2.8%. BHEL closed 2% up at Rs 2815.40. Ambuja Cements, which opened on a high note, lost its way sometime past mid afternoon, but bounced back a bit to close with a sharp gain of 1.25%. Larsen & Toubro gained 1.25%.
Infosys Technologies, Tata Motors and Wipro also finished with notable gains. ITC, Hindustan Unilever and HDFC Bank edged up marginally. DLF opened well but pared its gains and ended little changed from its previous closing price.
VSNL, Unitech, Reliance Petroleum, Sterlite Industries, Hero Honda, GlaxoSmithKline Pharma, HCL Technologies and Sun Pharmaceuticals ended with sharp losses. Hindustan Petroleum Corporation and BPCL moved up by 4.25% and 4.15% respectively. Tata Power, GAIL India, MTNL, Siemens and Punjab National Bank also closed with impressive gains.
Chambal Fertilizers, Mico, Godrej Consumer Products, Ingersoll Rand, Puravankara Projects, IVR Prime, Mangalore Refineries & Petrochemicals, Indian Oil Corporation, J&K Bank, Ashok Leyland, Tata Tea, Chennai Petroleum Corporation, Bombay Dyeing, Alstom Projects, Gujarat Minerals and National Fertilizers closed with strong gains today.
Wire & Wireless, which flared up by 22.65% to Rs 86.10, was the biggest gainers in the Midcap index. Jain Irrigation Systems shot up by 19.15%. Essar Steel zoomed 18%. Educomp Solutions, Adlabs Films, Essar Shipping, Mahindra Life, M&M Financial Services, Dalmia Cement (Bharat), Ruchi Soya, Bata India, NIIT, Ansal Infrastructure and Yes Bank were among the other big gainers from the midcap space.
Everonn Systems, Aegis Logistics, Techno Electric Engineering, Jindal South West Holdings, C&C Constructions, MCD Holdings, Kemrock, Kewal Kiran, Crew BOS, Varun Shipping, Nitin Fire Protection Equipments, Inox Leisure, Hindustan National Glass, Zuari Industries, Adhunik Metals and Raj Television were among the big gainers from the smallcap index.
Essar Oil (up 2.4%) was the turnover topper once again. On the National Stock Exchange, the Essar Oil counter recorded a turnover of nearly Rs 1075 crore today. Around 35.19 million shares were transacted at the Essar Oil counter on NSE. Shares of Mundra Port & Special Economic Zone were also in demand. The stock gained nearly 8.25% on NSE today on a strong volume of 4.85 million shares. IFCI also figured in the most active securities list. However, the stock was at the receiving end today. It lost 2.25% as it settled at Rs 104.35.
Though the premier indices ended in the red today, the market breadth was positive thanks to strong buying in midcap and smallcap stocks. Out of 2864 stocks traded on BSE, 1934 stocks surged higher. 878 stocks closed in the negative territory and 52 stocks ended at their previous closing levels.
More stories @ www.sify.com/finance
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04 December 2007
Corporates: ITC Limited, Jindal Steel
ITC Limited
ITC Limited which previously stood for Imperial Tobacco Company of India Limited[1], is one of India's foremost private sector companies with a market capitalisation of more than US $ 15 billion and a turnover of US $ 4.75 billion. Rated among the World's Best Big Companies by Forbes magazine, ITC ranks third in pre-tax profit among India's private sector corporations.
More : http://en.wikipedia.org/wiki/ITC_Limited
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Jindal Steel and Power Limited
Jindal Steel and Power Limited., is India's third largest steel maker after Steel Authority of India Limited and Tata Steel. The company manufacturers sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, and coal based sponge iron plant. It was founded by O. P. Jindal (1930-2005), who started with a bucket making unit. in 1969 he started Pipe Unit Jindal India Limited. On June 3, 2006, Bolivia granted development rights for its largest, and one of the world's largest iron ore reserves to Jindal Steel. With an initial investment of US$ 1.5 billion, the company plans to invest an additional US$ 2.1 billion over the next two years in the South American country.[1] Savitri Jindal is the 19th richest Indian in the world according to Forbes.
More: http://en.wikipedia.org/wiki/Jindal_Steel
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ITC Limited which previously stood for Imperial Tobacco Company of India Limited[1], is one of India's foremost private sector companies with a market capitalisation of more than US $ 15 billion and a turnover of US $ 4.75 billion. Rated among the World's Best Big Companies by Forbes magazine, ITC ranks third in pre-tax profit among India's private sector corporations.
More : http://en.wikipedia.org/wiki/ITC_Limited
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Jindal Steel and Power Limited
Jindal Steel and Power Limited., is India's third largest steel maker after Steel Authority of India Limited and Tata Steel. The company manufacturers sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, and coal based sponge iron plant. It was founded by O. P. Jindal (1930-2005), who started with a bucket making unit. in 1969 he started Pipe Unit Jindal India Limited. On June 3, 2006, Bolivia granted development rights for its largest, and one of the world's largest iron ore reserves to Jindal Steel. With an initial investment of US$ 1.5 billion, the company plans to invest an additional US$ 2.1 billion over the next two years in the South American country.[1] Savitri Jindal is the 19th richest Indian in the world according to Forbes.
More: http://en.wikipedia.org/wiki/Jindal_Steel
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Corporates: ITC Limited,
Jindal Steel
03 December 2007
Know About: 3i , BP
3i
3i Group PLC is a leading venture capital and private equity firm quoted on the London Stock Exchange (LSE: III), and part of the FTSE 100 Index. It was formed by a syndicate of British banks in 1945 to invest in industry. 3i Group was created in 1987 when the banks sold off their stakes to form a public limited company. 3i stands for investors in industry. Today 3i Group is one of the largest publicly traded capital groups in the world, operating worldwide with €1.5bn of new investments made per annum. As of Q3 2005 3i announced it would not be switching to IFRS, as it had agreed with its auditors (Ernst & Young) that it did not need to, based on its structure.
More @ http://en.wikipedia.org/wiki/3i
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BP
BP plc (LSE: BP), NYSE: BP, TYO: 5051), formerly known as British Petroleum, is a British energy company / multinational oil company ("oil major") with headquarters in London, England, UK. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies).
More @ http://en.wikipedia.org/wiki/BP
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3i Group PLC is a leading venture capital and private equity firm quoted on the London Stock Exchange (LSE: III), and part of the FTSE 100 Index. It was formed by a syndicate of British banks in 1945 to invest in industry. 3i Group was created in 1987 when the banks sold off their stakes to form a public limited company. 3i stands for investors in industry. Today 3i Group is one of the largest publicly traded capital groups in the world, operating worldwide with €1.5bn of new investments made per annum. As of Q3 2005 3i announced it would not be switching to IFRS, as it had agreed with its auditors (Ernst & Young) that it did not need to, based on its structure.
More @ http://en.wikipedia.org/wiki/3i
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BP
BP plc (LSE: BP), NYSE: BP, TYO: 5051), formerly known as British Petroleum, is a British energy company / multinational oil company ("oil major") with headquarters in London, England, UK. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies).
More @ http://en.wikipedia.org/wiki/BP
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BT 500: INDIA'S MOST VALUABLE COMPANIES
Business Today, December 16, 2007
BT 500: INDIA'S MOST VALUABLE COMPANIES
Cover Story Fast can’t last
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India's Most Valuable Private Sector Companies
BT 500: INDIA'S MOST VALUABLE COMPANIES
Cover Story Fast can’t last
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India's Most Valuable Private Sector Companies
India's Most Valuable Public Sector Companies
The Next 500: Companies 501-1000
Mapping the BT 500
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From the Business Today's Digital Version
How we arrived at the BT 500
This is the 15th edition of BT 500, which means we’ve been publishing this listing pretty much ever since Business Today was launched.
The new boomers
Real estate - Ringing in gains
Bharti Airtel vs Reliance Communications
Editorial Realty show
Policy Watch Talebearer
Leadership Spotlight
Big brand, big ideas
Money
It’s a roller coaster ride
Current
MNCs’ second wind
Trends
India the riskiest economy
More @ eMagazine - BusinessToday
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The Economic Times Headlines
The Economic Times
Where there's a WILL... ...there's a woman
India Inc's business confidence on the rise
Stars in the bull run: Bhagyanagar, IVRCL
Mirae Asset gets SEBI nod to start fund operations in India
M&M plans Rs 250 cr investment for five engineering colleges
CRISIL places Nirma on rating watch
Indiareit to raise Rs 4,500 cr
Pandit, Aziz in race for Citi's job
Global triggers, liquidity to guide Dalal Street
Braveheart traders profit from volatility in RPL futures
Perfect Present: Business Confidence Index up 8 pts at 146
Subex Azure is now Subex Ltd
Gujarat NRE Coke soars 8%
MetLife sees higher 4th-quarter, full-year profits
It's advantage India, say corporate titans
Work experience too counts for big jobs, not just MBA
IFCI to sell about 20% stake to IFC
Venture capitalists investment jumps five times to $777 mn
RBI may let in short selling
DLF to spend $2 bn more on IT SEZs
Stocks Platter: BGR Energy, eClerx , Tata Steel
Emkay Share to raise Rs 250 cr via QIP; hits upper circuit
IPOs, FPOs may get faster, cheaper
Seed Infotech in talks to sell 5-10% stake
Private equity, public returns
Stocks you can pick up: Palmolive, DLF, OBC
Small comfort
Wallowing in low spirits
IVRCL - Nothing Works Like Synergy
More @ http://economictimes.indiatimes.com/headlines.cms
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Where there's a WILL... ...there's a woman
India Inc's business confidence on the rise
Stars in the bull run: Bhagyanagar, IVRCL
Mirae Asset gets SEBI nod to start fund operations in India
M&M plans Rs 250 cr investment for five engineering colleges
CRISIL places Nirma on rating watch
Indiareit to raise Rs 4,500 cr
Pandit, Aziz in race for Citi's job
Global triggers, liquidity to guide Dalal Street
Braveheart traders profit from volatility in RPL futures
Perfect Present: Business Confidence Index up 8 pts at 146
Subex Azure is now Subex Ltd
Gujarat NRE Coke soars 8%
MetLife sees higher 4th-quarter, full-year profits
It's advantage India, say corporate titans
Work experience too counts for big jobs, not just MBA
IFCI to sell about 20% stake to IFC
Venture capitalists investment jumps five times to $777 mn
RBI may let in short selling
DLF to spend $2 bn more on IT SEZs
Stocks Platter: BGR Energy, eClerx , Tata Steel
Emkay Share to raise Rs 250 cr via QIP; hits upper circuit
IPOs, FPOs may get faster, cheaper
Seed Infotech in talks to sell 5-10% stake
Private equity, public returns
Stocks you can pick up: Palmolive, DLF, OBC
Small comfort
Wallowing in low spirits
IVRCL - Nothing Works Like Synergy
More @ http://economictimes.indiatimes.com/headlines.cms
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Reliance, Tatas among 100 global challengers: Economic Times
Reliance, Tatas among 100 global challengers
Larsen and Toubro, Suzlon and Bharat Forge may be names not big enough on the global arena as of now, but they along with domestic giants like Tatas, Birla, Mahindra and Ambanis figure among 100 firms posing an "urgent threat to industry leaders" of the world.
According to a new list of 100 New Global Challenger Giants released here today by Boston Consulting Group, India is home to 20 such firms, next only China that accounts for 41. Tata Group alone accounts for one-fourth of Indian participation with five companies -- Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Tea and Videsh Sanchar Nigam Limited (VSNL) -- figuring in the list.
Reliance Group, IT giants Infosys, Wipro and Satyam, automakers Bajaj Auto and Mahindra & Mahindra, pharma majors Ranbaxy, Dr Reddy's Labs and Cipla, Aditya Birla group's Hindalco Industries, L&T, Bharat Forge and Crompton Greaves are also on the list. These new global challengers from rapidly developing economies are globalising so quickly that they pose an urgent threat to the industry leaders globally, the US-based management consultancy major said in an accompanying report.
BCG said that 17 new companies have joined the annual list of 100 emerging giants, including one from India -- Suzlon Energy. These are the firms "that are growing fast, globalising aggressively, and reshaping global industries," it noted. "With over 1.2 trillion dollars in total revenues and more than a half trillion dollars in yearly purchases, the BCG New Global Challengers are already formidable. But their ambitions are daunting... their combined revenues will reach 3.3 trillion dollars by 2010 and a massive 11.8 trillion dollars by 2015,"
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Larsen and Toubro, Suzlon and Bharat Forge may be names not big enough on the global arena as of now, but they along with domestic giants like Tatas, Birla, Mahindra and Ambanis figure among 100 firms posing an "urgent threat to industry leaders" of the world.
According to a new list of 100 New Global Challenger Giants released here today by Boston Consulting Group, India is home to 20 such firms, next only China that accounts for 41. Tata Group alone accounts for one-fourth of Indian participation with five companies -- Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Tea and Videsh Sanchar Nigam Limited (VSNL) -- figuring in the list.
Reliance Group, IT giants Infosys, Wipro and Satyam, automakers Bajaj Auto and Mahindra & Mahindra, pharma majors Ranbaxy, Dr Reddy's Labs and Cipla, Aditya Birla group's Hindalco Industries, L&T, Bharat Forge and Crompton Greaves are also on the list. These new global challengers from rapidly developing economies are globalising so quickly that they pose an urgent threat to the industry leaders globally, the US-based management consultancy major said in an accompanying report.
BCG said that 17 new companies have joined the annual list of 100 emerging giants, including one from India -- Suzlon Energy. These are the firms "that are growing fast, globalising aggressively, and reshaping global industries," it noted. "With over 1.2 trillion dollars in total revenues and more than a half trillion dollars in yearly purchases, the BCG New Global Challengers are already formidable. But their ambitions are daunting... their combined revenues will reach 3.3 trillion dollars by 2010 and a massive 11.8 trillion dollars by 2015,"
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MoneyControl, Myiris Updates
MoneyControl.Com
ABB to invest $100 mn in India unit by 2010
Top midcap picks for this season
Dec will be good for mkts: Experts
RNRL can retest Rs 200: Manghnani
FIIs heavy selloff in Nov drag Sensex returns
What's feeding RPL, Essar Oil?
US may see recession in 2008: Morgan Stanley
Sintex Ind arm buys US-based Nero Plastics
Hero Honda Nov sales at 2.88 lakh units
REL to raise Rs 8K cr via pref issue to ADAG
Transformers & Rectifiers IPO price between Rs 425-465/sh
CRISIL IPO grade 4/5 assigned to IPO of Persistent Systems
4 bidders have carried out due diligence: IFCI Board
Jindal St to set up ferrochrome unit in Vietnam: NW18
India's richest four worth $180 bn
Man Ind plans IPO of real eastate arm, stock up
GMR Infra likely to float IPO for GMR Energy
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Myiris.Com
Brokers Outlook: Market likely to cross 20k
ACC reports 3.27% rise in cement despatches in November
Direct Tax Collection rises 44.86%
Kalpana Industries to acquire Bravia Associates
Phoenix Mills to acquire over 60% stake in United Malls
ArcelorMittal approves sale of 50% stake in Russian company
KEI Industries inaugurates new cable plant at Chopanki
Sun TV launches FM station at Pondicherry
Equity diversified funds gain 3.13% in the week ended Nov.30
Govt. may dilute 10% stake in RINL
India`s fiscal deficit at Rs 822.6 bn during Apr-Oct`07
IFCI to sell nearly 20% stake to IFC
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. Blog is not responsible for any faulty information.
ABB to invest $100 mn in India unit by 2010
Top midcap picks for this season
Dec will be good for mkts: Experts
RNRL can retest Rs 200: Manghnani
FIIs heavy selloff in Nov drag Sensex returns
What's feeding RPL, Essar Oil?
US may see recession in 2008: Morgan Stanley
Sintex Ind arm buys US-based Nero Plastics
Hero Honda Nov sales at 2.88 lakh units
REL to raise Rs 8K cr via pref issue to ADAG
Transformers & Rectifiers IPO price between Rs 425-465/sh
CRISIL IPO grade 4/5 assigned to IPO of Persistent Systems
4 bidders have carried out due diligence: IFCI Board
Jindal St to set up ferrochrome unit in Vietnam: NW18
India's richest four worth $180 bn
Man Ind plans IPO of real eastate arm, stock up
GMR Infra likely to float IPO for GMR Energy
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Myiris.Com
Brokers Outlook: Market likely to cross 20k
ACC reports 3.27% rise in cement despatches in November
Direct Tax Collection rises 44.86%
Kalpana Industries to acquire Bravia Associates
Phoenix Mills to acquire over 60% stake in United Malls
ArcelorMittal approves sale of 50% stake in Russian company
KEI Industries inaugurates new cable plant at Chopanki
Sun TV launches FM station at Pondicherry
Equity diversified funds gain 3.13% in the week ended Nov.30
Govt. may dilute 10% stake in RINL
India`s fiscal deficit at Rs 822.6 bn during Apr-Oct`07
IFCI to sell nearly 20% stake to IFC
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. Blog is not responsible for any faulty information.
Sensex ends 240 pts up : Sify Finance
Global cues were not that prominent and there were no great triggers on the domestic front as well. But then, some stock specific stories proved strong enough motivation for the bulls to stay glued to the ring today. A sharp decline in crude oil prices did aid the sentiment to an extent.
So stubborn were the bulls that the market, which opened with a big positive gap, had an uninterrupted stay in the positive territory and had no difficulty in signing off on a high note today. While the Sensex ended the day with a gain of 1.24% or 240.22 points at 19,603.41, the Nifty posted a gain of 1.77% or 102.25 points at 5865.
Power, oil, metal, capital goods, information technology and auto stocks surged higher. Consumer durables sector saw some spirited buying. Select pharma and FMCG stocks had a good outing as well. Bank stocks turned in a lacklustre performance. Reliance Energy powered its way ahead thanks to the company's plans to infuse Rs 8,000 crore over the next couple of years to increase capacity. The stock, among the most actively traded scrips today, ended the session with a hefty gain of 9.35% at Rs 1900.15. IT major Wipro rallied 7.2% to Rs 493.40 on strong buying support. Reliance Communications jumped 5.5% to Rs 711.80.
Tata Consultancy Services (3.85%), Hindalco (3.4%), BHEL (3.05%), Reliance Industries (2.9%), Mahindra & Mahindra (2.65%), Bajaj Auto (2.5%), Maruti Suzuki (2%), Satyam Computer Services (1.85%), Tata Steel (1.6%) and ITC (1.45%) also contributed significantly to the market's buoyant close today.
Ambuja Cements, NTPC, Ranbaxy Laboratories, Grasim Industries, Larsen & Toubro and State Bank of India moved up by 1% - 1.5%. Cipla and Tata Motors closed with modest gains. DLF ended 0.3% up while ACC and ONGC settled with small gains.
IT bellwether Infosys Technologies, which moved in a very tight band today, closed with a marginal loss at Rs 1600.70. Hindustan Unilever lost 0.45%. HDFC Bank (down 1%), HDFC (down 1.35%), Bharti Airtel (down 1.6%) and ICICI Bank (down 1.6%) were seen struggling almost right through the session today.
Tata Power closed with a big gain of 8%. Zee Entertainment spurted 5.55%. Sterlite Industries gained 4.6%. BPCL, VSNL, Punjab National Bank, Unitech and ABB went up by 3% - 4.5% today. Hindustan Petroleum Corporation (2.5%), Reliance Petroleum (2.5%), MTNL (2.05%), SAIL (1.6%), GlaxoSmithKline Pharma (1.55%) and Siemens (1.4%) also garnered attention.
More @ Sensex ends 240 pts up
Sify Finance stories
www.sify.com/finance
Mukand bags Rs 154 cr order
Amtek India to raise Rs 96.25 cr
M&M Nov vehicle sales up 37%
Small-cap pharma stocks outshine Sensex
Sapient KPO unit for capital markets
Moody's affirms investment grade rating to RIL
Coca-Cola to invest $250 m in India
Adhunik group to invest Rs 7200 cr in W.Bengal
KEI Ind Rajasthan plant to add Rs 300 cr revenue
Sintex unit buys US-based Nero Plastics
Not in top 100 in terms of returns
Chidambaram hopeful of progress in financial reforms
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Corporates: Bharti AirTel, Essar Group
Bharti Airtel
Bharti Airtel (भारती एअरटेल), formerly known as Bharti Tele-Ventures Limited (BTVL) is among India's largest mobile phone and Fixed Network operators. With more than 50 million subscriptions as of 1st October 2007[citation needed], the company is one of the world's fastest growing telecom companies[citation needed]. It offers its mobile services under the Airtel brand and is headed by Sunil Mittal, India's sixth richest man with a total worth of US$27 billion[citation needed]. The company is the only GSM operator to provide mobile services in all the 23 circles in India[citation needed]. The company also provides telephone services and Internet access over DSL in 14 circles. The company complements its mobile, broadband & telephone services with national and international long distance services. The company also has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore. The company provides reliable end-to-end data and enterprise services to the corporate customers by leveraging its nationwide fiber optic backbone, last mile connectivity in fixed-line and mobile circles, VSATs, ISP and international bandwidth access through the gateways and landing station.
More @ http://en.wikipedia.org/wiki/Bharti_Airtel
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Essar Group
The Essar Group is an India-based diversified corporation with interests in telecommunications, shipping, steel, construction, power and oil. The group has an estimated market value of US$ 15 billion and has an annual revenue of US$ 2.2 billion. Major Essar brand names include Vodafone Essar, Essar Refinery and Algoma Steel.
It is headed by Chairman Shashi Ruia and Vice-Chairman Ravi Ruia.
More @ http://en.wikipedia.org/wiki/Essar_Group
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Bharti Airtel (भारती एअरटेल), formerly known as Bharti Tele-Ventures Limited (BTVL) is among India's largest mobile phone and Fixed Network operators. With more than 50 million subscriptions as of 1st October 2007[citation needed], the company is one of the world's fastest growing telecom companies[citation needed]. It offers its mobile services under the Airtel brand and is headed by Sunil Mittal, India's sixth richest man with a total worth of US$27 billion[citation needed]. The company is the only GSM operator to provide mobile services in all the 23 circles in India[citation needed]. The company also provides telephone services and Internet access over DSL in 14 circles. The company complements its mobile, broadband & telephone services with national and international long distance services. The company also has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore. The company provides reliable end-to-end data and enterprise services to the corporate customers by leveraging its nationwide fiber optic backbone, last mile connectivity in fixed-line and mobile circles, VSATs, ISP and international bandwidth access through the gateways and landing station.
More @ http://en.wikipedia.org/wiki/Bharti_Airtel
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Essar Group
The Essar Group is an India-based diversified corporation with interests in telecommunications, shipping, steel, construction, power and oil. The group has an estimated market value of US$ 15 billion and has an annual revenue of US$ 2.2 billion. Major Essar brand names include Vodafone Essar, Essar Refinery and Algoma Steel.
It is headed by Chairman Shashi Ruia and Vice-Chairman Ravi Ruia.
More @ http://en.wikipedia.org/wiki/Essar_Group
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.
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Corporates: Bharti AirTel,
Essar Group
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