VC, PE updates from VCCircle.com, Indiape.com

VCCircle.com

IPO-Bound Ybrant Gets $20M From Sansar Capital; Acquires Israel’s Oridian For $13M
India Hospitality Corp. Gets Fresh $75 Million From Navis, Hayground Cove
Sterlite Energy To Raise $1 Billion From Funds In A Pre-IPO Transaction
Reliance Technology Ventures Leads Series B Round In US-based E-Band

Indivision Acquires 70% In Indian-Owned Canadian Cosmetics Firm Faces
Apnaloan.com In Talks To Raise $15 Million Funding
Indivision To Invest Rs 100 Crore For 13% Stake in Interarch Building Products
France’s Ipsos Acquires 75% In Indian Market Research Firm Indica Research

IFC May Buy Stake In IFCI; Will That Add Spice To Strategic Stake Sale?
Airworks Gets Funding From Global Technology Investment, Punj Lloyd
Kuwait’s Global Raises $500 Million Buyout Fund; To Buy Companies In India Too

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IndiaPE.com

Intelenet buys two companies from Blackstone for USD 75 mn
Indiareit to raise Rs 4,500 cr
BGR raises Rs 190cr from Citi VC, Reliance MF
Rapaport Buys 50% Stake in Indian Magazine

Network 18 arm closes 4 deals, eyes growth firms
Future picks up 70% stake in canada’s faces
Phoenix swaps stake, pays Rs 80 cr for 60% in Big Apple
Future PE arm buys into Interarch

PE firms in clinical research race
Apnaloan in talks to raise $15 mn VC funds
3i Infotech acquires Linear Financial
Private Equity, public returns

ICICI Venture to set up healthcare holding co
Venture Capital Investment in India reached $777 Million in 2007



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CoolAvenues Job Alert

General Management / Consulting Positions

Senior Research Director : A US-based Boutique Consulting Firm http://www.coolavenues.com/jobs/1107_1_1428.php

Business Consultant : A Renowned US-based Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1423.php

GM - Consumer Insights : A Global Leader in Convenient Foods & Beverages http://www.coolavenues.com/jobs/1107_1_1427.php

Supply Chain Consultant : A Renowned US-based Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1422.php

Consultant / Manager / Sr. Manager : One of India's Leading Business Consulting Firms http://www.coolavenues.com/jobs/1107_1_1424.php

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Finance / Banking Positions

Business Manager - Utility Computing : Wipro Infotech - Innovation Division http://www.coolavenues.com/jobs/1107_1_1415.php

Financial / Business Controller : An European MNC in Travel Service Industry http://www.coolavenues.com/jobs/1107_1_1419.php

Accountant : An European MNC in Travel Service Industry http://www.coolavenues.com/jobs/1107_1_1420.php

Manager - Analytics : One of the Fast Growing & Leading Consulting Firms http://www.coolavenues.com/jobs/1107_1_1421.php

Consultant / Manager / Sr. Manager : One of India's Leading Business Consulting Firms http://www.coolavenues.com/jobs/1107_1_1424.php

Opening in Private Equity : A Leading $1 Billion Global Private Equity Firm http://www.coolavenues.com/jobs/1107_1_1425.php

Director - Asset Reconstruction / Stressed Assets : A Leading Global Asset Reconstruction Company http://www.coolavenues.com/jobs/1107_1_1426.php

National Director - Hospitality & Leisure : A Top MNC Real Estate Advisory Consultancy http://www.coolavenues.com/jobs/1107_1_1430.php

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Operations Management

Operations Manager : Wipro Infotech - Innovation Division http://www.coolavenues.com/jobs/1107_1_1418.php

Supply Chain Consultant : A Renowned US-based Management Consulting Firm http://www.coolavenues.com/jobs/1107_1_1422.php

Business Manager - IRCAM : Wipro Infotech - Innovation Division http://www.coolavenues.com/jobs/1107_1_1416.php

Opening in Facilities Management : One of the Leading US-based Fortune 500 Global Investment Banking Firmhttp://www.coolavenues.com/jobs/1107_1_1399.php




Source: http://www.coolavenues.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 snaps winning streak, loses 74 pts at close: Sify,India

Sensex snaps winning streak, loses 74 pts at close
Sify India

NSE 5858.35 -6.65
BSE 19529.50 -73.91

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

FM admits terror trails in stock market
Dabur forays into retail business
GTL unit buys Strategic Comm
HCC to float infrastructure arm
Govt to revive 26 public sector firms

LN Mittal is the richest person in S. Africa
JSW to open 600 steel retail outlets in next 2 years
The Middle East's 40 largest public companies
GTL unit buys US-based Strategic Communication
Pearl Global surges 20% on deal with DLF

3i Infotech buys majority stake in back office firm
Suzlon Energy in BCG list of 100 emerging giants



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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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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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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

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

Source: http://businesstoday.digitaltoday.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. Blog is not responsible for any faulty information.

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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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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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



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