Know About: ConocoPhillips, AIG

ConocoPhillips

ConocoPhillips (NYSE: COP) is an international energy corporation with its headquarters located in Houston, Texas. It was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002. Headquarters are based in Houston, Texas in the United States, and offices are located worldwide. It is one of the six "supermajor" vertically integrated oil companies.

ConocoPhillips employs approximately 38,700 people worldwide in more than 40 countries. As of 2006, their 12 U.S. refineries had a combined crude processing capacity of 2,208,000 barrels per day (BPD) making it the second-largest refiner in the United States. Worldwide, they have a combined crude processing capacity of 2,901,000 BPD making it the fifth-largest refiner in the world.

More @ http://en.wikipedia.org/wiki/ConocoPhilips

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American International Group [ AIG ]

American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685) is a major American insurance corporation based in New York City. It has its European HQ in Croydon in London, England, UK and its Asian HQ in Hong Kong, China. AIG is the sixth-largest company in the world according to the 2007 Forbes Global 2000 list. The company became a component of the Dow Jones Industrial Average on April 8, 2004. It is also the sponsor of Manchester United F.C. On December 11, 2006 it was announced that a division of AIG would purchase from Dubai Ports World disputed North American ports.

More @ http://en.wikipedia.org/wiki/AIG


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Personality of the Day: Venugopal Dhoot, Videocon

Venugopal Dhoot

Venugopal Dhoot (Born 1944 in Mumbai, India) is an Indian business tycoon. He is an alumni of prestigious Sydenham College, Mumbai. He was born into a wealthy farming family. He is married, and has two children. His personal fortune is estimated as the equivalent of 1.6 Billion United States dollars, making him a billionaire. His father, the late Nandlal Madhavlal Dhoot, set his sons up in his business, Videocon Electronics. The company's major breakthrough came when it received one of India's first licenses to make color televisions. As of 2006, Venugopal is its chairman, and it now makes a wide range of electric and electronic items. His company recently bought a color picture tube unit from the French company Thompson SA, and a refrigerator business from Swedish company Electrolux. According to Forbes, he is the eighteenth richest man in India. His brother, Rajkumar, is a member of the Indian Parliament.

More @ http://en.wikipedia.org/wiki/Venugopal_Dhoot




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Economic Times Headlines

Bosch plans to invest Rs 850 cr in India; to rename MICO
Dabhol power plant may be fully operational by February: Deora
Gujarat architect firm Karan Grover and Associates wins US award
Times Financial, RCom arm tie up for mobile money transfer
House of Pearl acquires 50 pc in UK-based marketing firm
Kuwait Petro in JV talks with Reliance Industries
Biocon to launch oral insulin drug by 2010

Maharashtra Seamless to buy Romanian plant
REL, DLF, 16 others bid for Ganga Expressway
Unitech to invest Rs 20,000 cr to develop 48 malls in 6 years
Small steel stocks up on 'Heavy Metal' JVs
Infosys won't make you a millionaire anymore
Soaring stock prices scuttle cos' open offer plans
Sun Pharma settles Exelon patent case with Novartis

Unitech to hive off retail business, may list on AIM
Birla Sun Life infuses Rs 123 cr into base-capital
BSE feels the jitters as NSE ramps up F&O segment
GVK approves 10-for-1 stock split

More news@ www.theeconomictimes.com



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World News: AOL, ET

http://money.aol.com


Bush to Unveil Mortgage Relief Plan
President Bush is expected to outline a plan to freeze mortgage rates for five years for many homeowners facing sharp increases in their monthly payments, sources say. Officials fear that if nothing is done, half-a-million borrowers risk losing their homes.

Jobless Claims Make Big Drop
Coca-Cola CEO Isdell Steps Down in July
Retailers Post Sluggish November Sales
Toll Brothers Drops to 4th-Quarter Loss
5-Year Mortgage Rate Freeze Looms
Bank of England Cuts Interest Rates
ECB Holds Steady After BoE Cuts Key Rate

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Economic Times.Com


China Baosteel, Sinosteel ink raw materials deal
China wants rich nations to support tech fund
London woos Indian firms with 'free space'
UK home prices fall in November
US airlines to cut capacity
EU slaps fines on 5 chemical giants
US Treasury chief urges China to revalue currency
East Asian trade strategy seen as wake up call for US
Global techology spending growth to slow in 2008: IDC
GE says wants to continue alliance with Safran
Arcelor Mittal plans $700 mln Kazakh investment: CEO


Slovenia paint producer Helios buys Ukrainian Avrora
Climate talks: Japan's pro-US stance draws flak
US regulators, lenders may opt for five-year freeze on subprime rate
China may tighten money market to cool economy
South America plans rival to IMF, World Bank
Bush set to unveil plan to battle subprime crisis
Bush for freezing certain subprime rates for 5 yrs
RBS profits to beat forecasts, $2.5 bln writedown
Russian steel maker NLMK buys $600 mn Maxi stake
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy



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Myiris, Moneycontrol Updates

MoneyControl.Com

Omaxe likely to announce $5 bn deal: Sources
Bank of England cuts key interest rates by 25 bps

New fund flows to propel mkts higher: Experts
Top midcap picks: Riddhi Siddhi, KEI
Bullish on GBN, Hind Zinc: Pranav Sec
CESC raises $150 m via QIP issue: Sources

Steel stocks hog limelight; Bhuwalka Steel star performer
Knock-out performers of last 3 days
Silverline Tech, a dangerous phoenix
Shikha Sharma is CNBC-TV18 Woman Biz Leader of Yr!
BMVSS bags CNBC-TV18 Social Enterprise of Yr Award

Sun Ph bags CNBC TV18 First Gen Entrepreneur of Yr
CNBC-TV18 IBLA'07 honours Bickey Oberoi, Late Aditya Birla
Mukesh Ambani, Bharti Airtel win IBLA'07 Award
Maruti marketshare up at 59%
Indian power cos in stake race for 3 S'pore-based cos

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Myiris.Com

Brokers` Outlook: Market likely to trade sideways on Friday
FIIs remain net buyers in equities worth Rs 10,813 mn on Dec. 5
Union Bank of India to venture into life insurance
Omaxe, GVK & NCCL applies for projects worth Rs 300 billion
Ranbaxy to manufacture & market ARV combination in India

Bajaj Hindusthan Sugar commences operation at two new sugar plants
Jubilant arm collaborates with Forest Laboratories Holdings
ICICI direct recommends `Outperformer` on Oriental Bank of Commerce
House of Pearl acquires 50% stake of FX Imports (update)
Active Stock: Silverline Technologies surges 1183.84% on relisting at BSE

Transformers & Rectifiers IPO opens on Dec. 7
HB Stockholdings hikes stake in DCM Shriram to 14%
Active Stock: Alchemist Realty surges 5% on news of bonus in the offing
Maharashtra Seamless in last lap to acquire Romanian plant (Update)
Govt. approves SBI`s Rs 100 bn rights issue

RIL may strike alliance with Kuwait oil major
CVC acquires 7% stake in Shiv-Vani Oil for Rs 1 bn
Apar Industries inks pact with Italian co.
Wipro`s Infocrossing bags USD 400 mn contract




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

VCCircle.com

Citigroup Venture Capital Invests Rs 130 Crore In BGR Energy Systems Pre-IPO
IDG Ventures Puts In $2.5 Million In Network Security Startup iViZ
Istithmar, Sindicatum To Raise $600 Million Cleantech Fund; To Invest In India Too

Biyani Meets Chandra: Indivision Invests Rs 250 Crore For 4.9% In Dish TV
ICICI Venture, ICICI Bank To Raise $8 Billion For Private Equity Investments
Kanwal Rekhi’s Inventus Capital Partners Ready To Kick Off

Japan’s Mizuho Corporate Bank Eyes Indian Leveraged Buyout Market
Life Sciences VC MPM Capital To Start Making Investments In Six Months
Citigroup Venture Capital Invests $25 Million In Shiv-Vani Oil & Gas

Exclusive: Blackstone To Invest $50 Million In Pipavav Shipyard
Jobs: Product Manager, Four Interactive, Bangalore

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IndiaPE.Com

Axon Infotech acquires 51% stake of Quasar Innovations
Ybrant buys Israeli firm for $13 mn
Jacob Cap, JM Fin eye 10% in Sayaji Hotels
Global PE investors to increase exposure to Indian market

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




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Blog RoundUp

http://www.deadpresident.blogspot.com

India@Risk 2007
Tata Motors, Oil drilling, Cement
Gulshan Sugars, Ahluwalia Contracts
Post Session Market Commentary
Transformers and Rectifiers, Brigade Enterprises, ...
Today's Pick - JB Chemicals

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http://www.kpowave.blogspot.com

4 Openings in Equity research and Investment Banking
The 4 openings are for:1)Lok Advisory Services New Delhi, India2)A Large US Hedge Fund Hong Kong3)Singhi Advisors Bangalore, India4)TresVista Financial Services Pvt Ltd Mumbai, IndiaFor more details and to apply use the link below:http://dealjobs.net/

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

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http://freestocktips-2007.blogspot.com/

Attractive Stock Picks for Near Future
Listed are some good stocks which have the potential to go up anytime and are relatively undervalued or have been sidelined for long but still are fundamentally strong stocks and can give good returns to investors. More.....Attractive Stock Picks for Near Future

Multibagger Stock Pick-Bata India
Company:Bata India Ltd.Industry:Leather/Synthetic -
Recommendation:Outperformer

Low Price High Potential Stock Picks
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.

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Sensex ends 58 pts up : Sify Finance

Sensex ends 58 pts up

NSE 5954.70 14.70
BSE 19795.87 57.80

The Sensex, which breached the 20,000 mark at the bell - it opened at 20,018.17, around 280 points higher than its previous closing mark - and edged up to 20,064.31 in early trade. Strong global markets and some stock specific developments contributed to the early surge today. However, the market turned a bit choppy after that as participants appeared reluctant to hold on to their positions at higher levels.

A sudden and sharp bout of selling pressure even pushed the Sensex down into the red during the fag end of the session. However, thanks to buying at lower levels, a few front line stocks regained some lost ground and the barometer managed to sign off on a positive note today.
While the Sensex closed with a gain of 57.80 points or 0.29% at 19,795.87, the Nifty, which hit a new all-time high this morning when it rose to 6027.05 after opening at 5941.05, ended the day with a modest gain of 0.25% or 14.70 points at 5954.70. The Nifty plunged to a low of 5919.80 as selling pressure engulfed the market during the closing minutes.

Cipla (4.9%), ICICI Bank (3.25%), Reliance Energy (3.15%), HDFC (2.65%), Bharti Airtel (2.3%), Infosys Technologies (2%), DLF (1.75%), Mahindra & Mahindra (1.45%) and Ranbaxy Laboratories (1.3%) recorded strong gains today.

Maruti Suzuki moved up by 0.9%. State Bank of India and Tata Motors ended higher by around half a per cent. Hindustan Unilever, NTPC, Reliance Communications and Tata Consultancy Services moved up marginally. Ambuja Cements and ITC ended almost unchanged from their previous closing levels.

Hindalco eased by 3.1% to Rs 193. Grasim Industries lost more than 3%. Bajaj Auto (down 2.55%), HDFC Bank (down 2.4%), Tata Consultancy Services (down 2.1%), BHEL (down 1.3%), ONGC (down 1.15%), Wipro (down 1.1%) and Reliance Industries (down nearly a per cent) also closed with sharp losses. ACC slipped by 0.9%. Larsen & Toubro and Satyam Computer Services also closed on a weak note.

Sun Pharmaceuticals, SAIL, Zee Entertainment, Punjab National Bank, BPCL, Tata Power and MTNL were among the prominent losers in the Nifty index. Hero Honda, GAIL India, Hindustan Petroleum Corporation and ABB also finished with sharp losses.

Unitech zoomed to a high of Rs 445.80 in intra-day trades and despite finishing far lower at Rs 430.20, posted a smart gain of 9.5%. Sterlite Industries notched up a gain of 3.45%. Suzlon Energy (2.7%), Siemens (2.65%), Reliance Petroleum (1.65%) and Nalco (1.2%) also ended on a firm note.

Chambal Fertilizers, Omaxe, FDC, Apollo Tyres, HTMT Global, Idea Cellular, JB Chemicals, Mirc Electronics, Rashtriya Chemicals & Fertilizers, Bongaigaon Refinery, Aditya Birla Nuvo, Mastek, Asahi India and Aurobindo Pharma were among the notable gainers today.
Jindal Saw, Godrej Consumer Products, Tata Elxsi, Geometric Software, Exide Industries, Escorts, Neyveli Lignite Corporation, Arvind Mills, Gujarat Minerals, Bombay Dyeing, Indian Overseas Bank, Jaiprakash Associates, Syndicate Bank, Ingersoll Rand, Mangalore Refineries & Petrochemicals and Alok Industries drifted lower on selling pressure.

Thanks to strong buying in midcap and smallcap stocks, the market breadth remained positive right through the session today. Out of 2887 stocks traded on BSE, 1805 stocks closed on a positive note. 1043 stocks ended in the negative territory and 39 stocks finished at their previous closing levels.

Other Top stories @ www.sify.com/finance

Unitech to invest Rs 20,000 cr to develop 48 malls
Mitsui JV to take 24% stake in Jayant Agro unit
Religare plans non-life insurance entry
NTPC, CIL to float SPV to mine coal, build power plants
Bilcare at new high on Wales unit plan
RIL hunts for $15 b overseas buyout
In Focus: JB Chemicals



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Know About: Citigroup, Bank of America

Citigroup

Citigroup Inc, operating as Citi, is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998.[3] According to Forbes Global 2000 in March 2007, it is the world's largest company, with total assets of US $2.4 trillion (Sept 2007) [4] The company employs 332,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries.[4] It is a primary dealer in US Treasury securities[5] and its stock has been a component of the Dow Jones Industrial Average since March 17, 1997.[6] Its single largest shareholder is Abu Dhabi Investment Authority.

More @ http://en.wikipedia.org/wiki/Citigroup

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Bank of America

Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the 2nd largest company of its kind in the world behind Citigroup.[4][5][6]

Before 1998, the Bank of America organization that exists today was known as NationsBank and was previously known in earlier years as North Carolina National Bank before being abbreviated to "NCNB" as it branched out of its home base of Charlotte, North Carolina. In 1998, NationsBank acquired San Francisco-based BankAmerica and renamed the corporation "Bank of America".

More @ http://en.wikipedia.org/wiki/Bank_of_america



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