Moneycontrol.Com
Indian born Vikram Pandit has been appointed CEO of Citigroup. Pandit faces a complex challenge at Citi. The group could still face additional losses of billions of dollars related to troubled housing loans. Citi stock has been down about 40% this year alone. Pandit was earlier Senior Executive at Morgan Stanley. Pandit founded hedge fund Old Lane that was acquired by Citi in April. According to reports, Former Chairman of the Group, Robert Rubin lobbied for Pandit.
Pandit said, “I am extremely honoured on becoming Citi's leader and I am looking forward to driving changes that I believe we need in this organisation.”
He added, "This is one of the world’s great financial institutions. The brand, the franchise, the presence around the world, the capabilities it has are enormous and when you look at the future of the financial services business, and pair that off against the capabilities that this organization has the opportunities are tremendous. I think the future ahead of us is one of putting the two together and making something good happen out of it and I am excited about being a part of that."
Excerpts from the exclusive interview with Vikram Pandit:
More@ Vikram Pandit is new Citigroup CEO
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12 December 2007
Fed cuts interest rates by 25 bps to 4.25%: Moneycontrol.Com
Fed cuts interest rates by 25 bps to 4.25%
The US Federal Reserve lowered its benchmark interest rate by a quarter point to 4.25 percent, while signaling that it is open to further cuts if the housing slump and credit squeeze worsen.
The Central Bank also cut the discount rate by a quarter point to 4.75 percent, counter to speculation among investors that the Fed would make a deeper reduction.
The FOMC said, “Recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.”
The Fed dropped language from its previous statement that risks of slower growth and faster inflation were ``roughly'' balanced. In a statement the FOMC said that recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.
It added, “Lower borrowing costs should help promote moderate growth over time.”
The FOMC further said that lower borrowing costs should help promote moderate growth over time. Policy makers are actively considering steps to ease credit in financial markets, and haven't ruled out moves to increase liquidity before their next scheduled meeting on January 29-30.
According to CNBC analyst, Steve Leisman, there is a fairly widespread disappointment with the Fed. He said, “Not just here in the instinctive reaction of the markets, but I am talking about the considered opinion of seasoned Fed observers. The problem was not by the way - I don’t believe - with the quarter point rate cut. They did cut the overnight lending rate by a quarter to 4.25%.
It left the discount window unchanged. That is the rate where banks can borrow directly from the Fed with a wide variety of securities. That is the disappointment that I am taking up anyway. Meanwhile the Fed continued to raise concerns about inflation and did not say that the primary risk to the economy is for weakness instead of growth.”
Source: http://www.moneycontrol.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
The US Federal Reserve lowered its benchmark interest rate by a quarter point to 4.25 percent, while signaling that it is open to further cuts if the housing slump and credit squeeze worsen.
The Central Bank also cut the discount rate by a quarter point to 4.75 percent, counter to speculation among investors that the Fed would make a deeper reduction.
The FOMC said, “Recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.”
The Fed dropped language from its previous statement that risks of slower growth and faster inflation were ``roughly'' balanced. In a statement the FOMC said that recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation.
It added, “Lower borrowing costs should help promote moderate growth over time.”
The FOMC further said that lower borrowing costs should help promote moderate growth over time. Policy makers are actively considering steps to ease credit in financial markets, and haven't ruled out moves to increase liquidity before their next scheduled meeting on January 29-30.
According to CNBC analyst, Steve Leisman, there is a fairly widespread disappointment with the Fed. He said, “Not just here in the instinctive reaction of the markets, but I am talking about the considered opinion of seasoned Fed observers. The problem was not by the way - I don’t believe - with the quarter point rate cut. They did cut the overnight lending rate by a quarter to 4.25%.
It left the discount window unchanged. That is the rate where banks can borrow directly from the Fed with a wide variety of securities. That is the disappointment that I am taking up anyway. Meanwhile the Fed continued to raise concerns about inflation and did not say that the primary risk to the economy is for weakness instead of growth.”
Source: http://www.moneycontrol.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
Moneycontrol, Rediff.com Stories
MoneyControl.Com
Market ends on a new high; Outperforms Asia
Angel Broking's top midcap picks!
Nitco Tiles may raise funds through QIP
Expect 35% upside in JBF Industries
Idea, Cairn India flying high on inclusion in Nifty
Bullish on infra, banking, metals, and power: JM Fin Const
RIL-RPL merger possible: Merill Lynch
Vikram Pandit is new Citigroup CEO
Oct industrial growth at 11.8% vs 4.5% YoY
REL wins EPC contract of Rs 3725cr from Damodar Valley
Pfizer's Celzentry gets patent, stock gains
------------------------------------
Rediff.Com
10 qualities of a successful stock trader
Ahmedabad, Kolkata among new global hotspots
Pandit vows to simplfy structure
Small, mid-cap stocks: Real stars
Spectrum: Auction is the best policy
Markets soaring: Which stocks to buy now
SIP is a great way to invest your money
At 18, he runs an anti-hacking company
Information You Can Use
• M Tech and PhD programmes
• IISER: Integrated Master's
Source: http://www.rediff.com and www.moneycontrol.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.
Market ends on a new high; Outperforms Asia
Angel Broking's top midcap picks!
Nitco Tiles may raise funds through QIP
Expect 35% upside in JBF Industries
Idea, Cairn India flying high on inclusion in Nifty
Bullish on infra, banking, metals, and power: JM Fin Const
RIL-RPL merger possible: Merill Lynch
Vikram Pandit is new Citigroup CEO
Oct industrial growth at 11.8% vs 4.5% YoY
REL wins EPC contract of Rs 3725cr from Damodar Valley
Pfizer's Celzentry gets patent, stock gains
------------------------------------
Rediff.Com
10 qualities of a successful stock trader
Ahmedabad, Kolkata among new global hotspots
Pandit vows to simplfy structure
Small, mid-cap stocks: Real stars
Spectrum: Auction is the best policy
Markets soaring: Which stocks to buy now
SIP is a great way to invest your money
At 18, he runs an anti-hacking company
Information You Can Use
• M Tech and PhD programmes
• IISER: Integrated Master's
Source: http://www.rediff.com and www.moneycontrol.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.
Labels:
Moneycontrol,
Rediff.com Stories
Sensex hits a new high, ends 85 pts up: Sify India
Sensex hits a new high, ends 85 pts up
It was a negative start for equities on the major Indian bourses this morning as weak global markets triggered a sell-off in early trade. However, with a few blue chip stocks bouncing back strongly, the Sensex, which had tumbled 245 points to 20,045.42 earlier, pulled back smartly and emerged into the positive territory in a flash.
But then, due to lack of support at higher levels, it turned out to be a rather choppy ride for the key indices till a little past mid afternoon. Buoyant industrial production data also failed the lift the sentiment in a significant way. Realty, metal and healthcare stocks were the ones in demand while IT, bank and auto stocks lagged behind.
Finally, making a dramatic comeback, the bulls began to mop up stocks in a frenzied way and lifted the Sensex to a new high at 20,419.11 in late afternoon trade. The Nifty also raced to a new peak at 6175.65. While the Sensex ended the day with a sharp gain of 84.98 points or 0.42% at 20,375.87, the Nifty settled at 6159.30, up 1.02% or 62.05 points over its previous closing mark. In intra-day trades today, the Nifty touched a low of 6005.45.
Housing finance stock HDFC, which hogged the limelight this afternoon, closed with a handsome gain of 5.35% at Rs 3103.95. Telecom stocks Reliance Communications and Bharti Airtel gained 3.55% and 2.25% respectively. Metal majors Tata Steel and Hindalco rallied 3.45% and 3.1% respectively. Power stock NTPC firmed up by 3.25% to Rs 251. Cipla (2.4%), ONGC (1.4%), Tata Consultancy Services (0.95%), ITC (0.9%), DLF (0.75%), Mahindra & Mahindra (0.65%) and Ranbaxy Laboratories (0.65%) also ended on a firm note.
HDFC Bank, which bounced back strongly in afternoon trade, closed with a modest gain of 0.55%. Hindustan Unilever edged up by 0.4%. Reliance Industries and Grasim Industries gained around a quarter per cent each. Wipro settled with a small gain at Rs 506.55.
Among the losers, Infosys Technologies eased by 3.3% to Rs 1684.80.
Satyam Computer Services ended with a loss of 2.35% at Rs 431.15. ICICI Bank slipped by 1.95% to Rs 1290.30. BHEL (down 0.8%), Reliance Energy (down 0.7%) and Bajaj Auto (down 0.55%) also closed with notable losses. Ambuja Cements, Maruti Suzuki, Tata Motors, State Bank of India, ACC and Larsen & Toubro also ended on a subdued note.
Nifty stock Nalco vaulted to a high of Rs 459.65 before settling for the day at Rs 451.95 with a big gain of 11.6%. Zee Entertainment ended with an impressive gain of 6.9% at Rs 327.70. Idea Cellular, GAIL India, SAIL, GlaxoSmithKline Pharma, Sun Pharmaceuticals, Cairn India and Tata Power moved up by 3% - 4.5%.
Dr. Reddy's Laboratories, Unitech, Hero Honda, Reliance Petroleum and HCL Technologies also closed on a positive note. Suzlon Energy shed 1.65% while VSNL closed with a loss of 0.4%.
HDIL, Jindal Saw, Gillette, Spice Telecom, Lanco Infratech, Nicholas Piramal, Ballarpur Industries, Tata Tea, Punjab Lloyd, Andhra Bank, Finolex Cables, Indian Oil Corporation, Bank of Baroda, Finolex Industries, Puravankara Projects, Maharashtra Seamless, Omaxe and Jindal Steel were among the prominent gainers from BSE 'A' Group.
Indian Bank, HTMT Global, Ramco Systems, FDC, i-Flex Solutions, Nestle, Indo Rama Synthetics, TN Newsprint & Papers, Rolta India, Indian Overseas Bank, Thermax, Alfa Laval, IndusInd Bank, Tata Elxsi and Geometric Software ended with sharp losses. Ansal
Infrastructure, Berger Paints, Gujarat Petronet, KS oils, Jindal Saw, NDTV, Phoenix Mills, Entertainment Network of India, Adlabs Films, Praj Industries, Triveni Engineering, Bilcare, SRF, Sintex Industries and Kirloskar Oil Engines were among the big gainers from the midcap index.
Among smallcaps, Supreme Petro, MCD Holdings, Everonn Systems, Techno Electrical Engineering, IFGL Refractories and Aarti Industries hit the roof. Nahar Spinnng ended nearly 20%. Balmer Lawrie, Steel Strips, Shrenuj Diamonds, Liberty Shoes, Vardhman Textiles, Maxwell, Taneja Aerospace, Paramount Communications and Geojit Financial Services also ended with strong gains.
Edelweiss Capital made a strong debut today. The stock opened at Rs 1443.75, a hefty premium to its issue price of Rs 825, and touched a high of 1608.75 in intra-day trades before signing of at Rs 1510.25. Around 6.69 million shares, valued at nearly Rs 1020 crore, changed hands at the Edelweiss counter on NSE today.
Though the premier indices remained sluggish for a better part, the market breadth was positive right through the session. When trade ended, out of a total of 2924 stocks seen in action on BSE, 2139 stocks were in the positive territory. 750 stocks posted losses and 35 stocks ended at their previous closing levels.
More @ www.sify.com/finance
Other Sify Stories:
GMR Infra raises Rs 3966 cr
Punj Lloyd wins $150 m order
ICICI Pru ups stake in FAG
India-born Vikram Pandit is the CEO of Citigroup. Will Pandit bring Citi back on track?
Petronet seeks partner offering cheap LNG
India, China trade to touch $70 b by 2010
Ashok Leyland launches first multi-axle vehicle
Robust manufacturing pushes up IIP to 11.8% in October
B.A.G. Films to launch Hindi news channel
IL&FS Investment gets fund commitment for $578 m
Jindal Drilling rises on stake sale plan
Reliance to invest $24 b in the Gulf: Mukesh
Kishore Biyani tops Disney bid for UTV Soft
Chandra pips Mittal as richest self-made billionaire
Renaissance Jewellery shares list up 27% on NSE
Bank of Rajasthan FII limit hike
South Indian Bank in expansion mode
L&T picks up 26% in Feedback Ventures
TV18 to take 53% stake in Infomedia India
'RComm is world’s top CDMA operator’
Source: http://www.sify.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.
It was a negative start for equities on the major Indian bourses this morning as weak global markets triggered a sell-off in early trade. However, with a few blue chip stocks bouncing back strongly, the Sensex, which had tumbled 245 points to 20,045.42 earlier, pulled back smartly and emerged into the positive territory in a flash.
But then, due to lack of support at higher levels, it turned out to be a rather choppy ride for the key indices till a little past mid afternoon. Buoyant industrial production data also failed the lift the sentiment in a significant way. Realty, metal and healthcare stocks were the ones in demand while IT, bank and auto stocks lagged behind.
Finally, making a dramatic comeback, the bulls began to mop up stocks in a frenzied way and lifted the Sensex to a new high at 20,419.11 in late afternoon trade. The Nifty also raced to a new peak at 6175.65. While the Sensex ended the day with a sharp gain of 84.98 points or 0.42% at 20,375.87, the Nifty settled at 6159.30, up 1.02% or 62.05 points over its previous closing mark. In intra-day trades today, the Nifty touched a low of 6005.45.
Housing finance stock HDFC, which hogged the limelight this afternoon, closed with a handsome gain of 5.35% at Rs 3103.95. Telecom stocks Reliance Communications and Bharti Airtel gained 3.55% and 2.25% respectively. Metal majors Tata Steel and Hindalco rallied 3.45% and 3.1% respectively. Power stock NTPC firmed up by 3.25% to Rs 251. Cipla (2.4%), ONGC (1.4%), Tata Consultancy Services (0.95%), ITC (0.9%), DLF (0.75%), Mahindra & Mahindra (0.65%) and Ranbaxy Laboratories (0.65%) also ended on a firm note.
HDFC Bank, which bounced back strongly in afternoon trade, closed with a modest gain of 0.55%. Hindustan Unilever edged up by 0.4%. Reliance Industries and Grasim Industries gained around a quarter per cent each. Wipro settled with a small gain at Rs 506.55.
Among the losers, Infosys Technologies eased by 3.3% to Rs 1684.80.
Satyam Computer Services ended with a loss of 2.35% at Rs 431.15. ICICI Bank slipped by 1.95% to Rs 1290.30. BHEL (down 0.8%), Reliance Energy (down 0.7%) and Bajaj Auto (down 0.55%) also closed with notable losses. Ambuja Cements, Maruti Suzuki, Tata Motors, State Bank of India, ACC and Larsen & Toubro also ended on a subdued note.
Nifty stock Nalco vaulted to a high of Rs 459.65 before settling for the day at Rs 451.95 with a big gain of 11.6%. Zee Entertainment ended with an impressive gain of 6.9% at Rs 327.70. Idea Cellular, GAIL India, SAIL, GlaxoSmithKline Pharma, Sun Pharmaceuticals, Cairn India and Tata Power moved up by 3% - 4.5%.
Dr. Reddy's Laboratories, Unitech, Hero Honda, Reliance Petroleum and HCL Technologies also closed on a positive note. Suzlon Energy shed 1.65% while VSNL closed with a loss of 0.4%.
HDIL, Jindal Saw, Gillette, Spice Telecom, Lanco Infratech, Nicholas Piramal, Ballarpur Industries, Tata Tea, Punjab Lloyd, Andhra Bank, Finolex Cables, Indian Oil Corporation, Bank of Baroda, Finolex Industries, Puravankara Projects, Maharashtra Seamless, Omaxe and Jindal Steel were among the prominent gainers from BSE 'A' Group.
Indian Bank, HTMT Global, Ramco Systems, FDC, i-Flex Solutions, Nestle, Indo Rama Synthetics, TN Newsprint & Papers, Rolta India, Indian Overseas Bank, Thermax, Alfa Laval, IndusInd Bank, Tata Elxsi and Geometric Software ended with sharp losses. Ansal
Infrastructure, Berger Paints, Gujarat Petronet, KS oils, Jindal Saw, NDTV, Phoenix Mills, Entertainment Network of India, Adlabs Films, Praj Industries, Triveni Engineering, Bilcare, SRF, Sintex Industries and Kirloskar Oil Engines were among the big gainers from the midcap index.
Among smallcaps, Supreme Petro, MCD Holdings, Everonn Systems, Techno Electrical Engineering, IFGL Refractories and Aarti Industries hit the roof. Nahar Spinnng ended nearly 20%. Balmer Lawrie, Steel Strips, Shrenuj Diamonds, Liberty Shoes, Vardhman Textiles, Maxwell, Taneja Aerospace, Paramount Communications and Geojit Financial Services also ended with strong gains.
Edelweiss Capital made a strong debut today. The stock opened at Rs 1443.75, a hefty premium to its issue price of Rs 825, and touched a high of 1608.75 in intra-day trades before signing of at Rs 1510.25. Around 6.69 million shares, valued at nearly Rs 1020 crore, changed hands at the Edelweiss counter on NSE today.
Though the premier indices remained sluggish for a better part, the market breadth was positive right through the session. When trade ended, out of a total of 2924 stocks seen in action on BSE, 2139 stocks were in the positive territory. 750 stocks posted losses and 35 stocks ended at their previous closing levels.
More @ www.sify.com/finance
Other Sify Stories:
GMR Infra raises Rs 3966 cr
Punj Lloyd wins $150 m order
ICICI Pru ups stake in FAG
India-born Vikram Pandit is the CEO of Citigroup. Will Pandit bring Citi back on track?
Petronet seeks partner offering cheap LNG
India, China trade to touch $70 b by 2010
Ashok Leyland launches first multi-axle vehicle
Robust manufacturing pushes up IIP to 11.8% in October
B.A.G. Films to launch Hindi news channel
IL&FS Investment gets fund commitment for $578 m
Jindal Drilling rises on stake sale plan
Reliance to invest $24 b in the Gulf: Mukesh
Kishore Biyani tops Disney bid for UTV Soft
Chandra pips Mittal as richest self-made billionaire
Renaissance Jewellery shares list up 27% on NSE
Bank of Rajasthan FII limit hike
South Indian Bank in expansion mode
L&T picks up 26% in Feedback Ventures
TV18 to take 53% stake in Infomedia India
'RComm is world’s top CDMA operator’
Source: http://www.sify.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.
Know About: Marc Faber, Investment Analyst
Marc Faber
Dr.[citation needed] Marc Faber (aka Dr. Doom) is an investment analyst and entrepreneur born in Zürich, Switzerland. Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Faber resides in Thailand and is best known for the Gloom Boom Doom newsletter and web site featuring "Dance of Death" paintings created by Kaspar Meglinger. During the 1970s Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Thailand, though he keeps a small office in Hong Kong.
Faber has gained a reputation as a contrarian investor. He has become a frequent speaker on various TV programs and forums in recent years. He is very bearish on the long-term outlook for the U.S dollar because he believes that the excessive money supply by Fed is inflationary and detrimental to the currency's value. He is very bullish on the long-term outlook for commodities.
More @ http://en.wikipedia.org/wiki/Marc_Faber
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.
Dr.[citation needed] Marc Faber (aka Dr. Doom) is an investment analyst and entrepreneur born in Zürich, Switzerland. Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Faber resides in Thailand and is best known for the Gloom Boom Doom newsletter and web site featuring "Dance of Death" paintings created by Kaspar Meglinger. During the 1970s Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Thailand, though he keeps a small office in Hong Kong.
Faber has gained a reputation as a contrarian investor. He has become a frequent speaker on various TV programs and forums in recent years. He is very bearish on the long-term outlook for the U.S dollar because he believes that the excessive money supply by Fed is inflationary and detrimental to the currency's value. He is very bullish on the long-term outlook for commodities.
More @ http://en.wikipedia.org/wiki/Marc_Faber
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.
Labels:
Investment Analyst,
Know About: Marc Faber
Personality of the Day: Jagdish Khattar, Uday Kotak
Jagdish Khattar
Jagdish Khattar is the current Managing Director of Maruti Udyog Limited. Prior to this post, he has been an officer of the Indian Administrative Service with more than 37 years of experience. He is the current vice-president of 'Society of Indian Automobile Manufacturers'.[1] He has overseen a restructuring of the company in face of increased competition caused by the foray of various foreign car players in the Indian market.[2]
More @ http://en.wikipedia.org/wiki/Jagdish_Khattar
---------------------------------------------------------------
Uday Kotak
Uday Kotak is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth at $2.2 bn in 2007 up from $1.1 bn the year earlier. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in 2 subsidiaries for $72 million. He is an alumnus of the prestigious Jamnalal Bajaj Institute of Management Studies, Mumbai and Sydenham College, Mumbai.
More @ http://en.wikipedia.org/wiki/Uday_Kotak
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.
Jagdish Khattar is the current Managing Director of Maruti Udyog Limited. Prior to this post, he has been an officer of the Indian Administrative Service with more than 37 years of experience. He is the current vice-president of 'Society of Indian Automobile Manufacturers'.[1] He has overseen a restructuring of the company in face of increased competition caused by the foray of various foreign car players in the Indian market.[2]
More @ http://en.wikipedia.org/wiki/Jagdish_Khattar
---------------------------------------------------------------
Uday Kotak
Uday Kotak is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth at $2.2 bn in 2007 up from $1.1 bn the year earlier. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in 2 subsidiaries for $72 million. He is an alumnus of the prestigious Jamnalal Bajaj Institute of Management Studies, Mumbai and Sydenham College, Mumbai.
More @ http://en.wikipedia.org/wiki/Uday_Kotak
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.
10 December 2007
Economic Times Headlines
The Economic Times
'India Inc's M&A bill crosses $50 bn in 07'
India, China remain top FDI destinations: Study
Govt may hike tax exemption cap
Infosys, Tatas most image-conscious: Nielsen
Business leaders turn coaches for young managers
Deal street buzzing with M&As worth $50bn
Volvo front-runner to buy Eicher stake
Volvo to set up heavy vehicles JV with Eicher
Volvo to up India auto parts sourcing
ICICI Bank launches high yield fixed deposit scheme for NRIs
Banks can't hold stake in commodity broking houses
Voltas to get full control in JVs Universal Comfort, Saudi Ensas
Blue Bird gets export orders worth $4.5 mn
IOC may go for $9 bn refinery JV in Egypt
India to launch latest oil, gas asset sale December 13
Engineers India set for Egypt refinery study
OIL ropes in BG to bid for NELP-VII deepwater blocks
Essar Oil edges out RIL, BPCL in race for Kenyan refinery
Apollo arm in pact with Times Private Treaties
IST gets nod for special economic zone
Coal India eyes foreign JV to raise output
RIL goes to Oz for uranium
Ispat Industries expansion plans to cost Rs 1500 cr
PVR cinemas and Forum announce national tie-up
R-ADAG to storm DTH market in March next
Reliance Brands to form JV with Italy's Sixty Group
Organised retail to touch $30 bn in next 3 years: FICCI-E&Y
Retail market set to double in 3 years to $30 billion
Idea, Bharti, Vodafone to form Indus Towers
Bharti offers Rs 2,650 cr for all-India spectrum
Essar Shipping flares up on plans of fleet expansion
India Inc ranked third globally in intangible assets
PE inflows give banks a run for their money
Fed may disappoint investors on rate cut as inflation rises
BoA meeting rescheduled to Jan 2, to consider 36 SEZ cases
RIL to expand Jamnagar SEZ by over 1,000 hectare
Private equity deals likely to rise sharply
Futures talk: Focus on mid-caps
Religare maintains 'Buy' on Garware Offshore
Valuation of JV with Volvo pulls down Eicher Motors shares
Market plays safe ahead of Fed meet
Futures talk: Focus on mid-caps
Eicher's fundamental pump up value
SEBI chief bats for municipal bonds
Fed rate cut hope lifts US stocks
Source: http://economictimes.indiatimes.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 Inc's M&A bill crosses $50 bn in 07'
India, China remain top FDI destinations: Study
Govt may hike tax exemption cap
Infosys, Tatas most image-conscious: Nielsen
Business leaders turn coaches for young managers
Deal street buzzing with M&As worth $50bn
Volvo front-runner to buy Eicher stake
Volvo to set up heavy vehicles JV with Eicher
Volvo to up India auto parts sourcing
ICICI Bank launches high yield fixed deposit scheme for NRIs
Banks can't hold stake in commodity broking houses
Voltas to get full control in JVs Universal Comfort, Saudi Ensas
Blue Bird gets export orders worth $4.5 mn
IOC may go for $9 bn refinery JV in Egypt
India to launch latest oil, gas asset sale December 13
Engineers India set for Egypt refinery study
OIL ropes in BG to bid for NELP-VII deepwater blocks
Essar Oil edges out RIL, BPCL in race for Kenyan refinery
Apollo arm in pact with Times Private Treaties
IST gets nod for special economic zone
Coal India eyes foreign JV to raise output
RIL goes to Oz for uranium
Ispat Industries expansion plans to cost Rs 1500 cr
PVR cinemas and Forum announce national tie-up
R-ADAG to storm DTH market in March next
Reliance Brands to form JV with Italy's Sixty Group
Organised retail to touch $30 bn in next 3 years: FICCI-E&Y
Retail market set to double in 3 years to $30 billion
Idea, Bharti, Vodafone to form Indus Towers
Bharti offers Rs 2,650 cr for all-India spectrum
Essar Shipping flares up on plans of fleet expansion
India Inc ranked third globally in intangible assets
PE inflows give banks a run for their money
Fed may disappoint investors on rate cut as inflation rises
BoA meeting rescheduled to Jan 2, to consider 36 SEZ cases
RIL to expand Jamnagar SEZ by over 1,000 hectare
Private equity deals likely to rise sharply
Futures talk: Focus on mid-caps
Religare maintains 'Buy' on Garware Offshore
Valuation of JV with Volvo pulls down Eicher Motors shares
Market plays safe ahead of Fed meet
Futures talk: Focus on mid-caps
Eicher's fundamental pump up value
SEBI chief bats for municipal bonds
Fed rate cut hope lifts US stocks
Source: http://economictimes.indiatimes.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.
World Business News: ET
Japan's machinery orders rise 12.7% in October
Citi board to meet, weigh CEO candidates: Source
South America launches rival to the IMF, World Bank
ERGO buys majority stake in Korean online car insurer
GMR, Macquarie to bid for Singapore power firms: Report
Telekom Malaysia announces special dividend
World's leading schools set up campuses in Singapore
Blackstone plans bid for Rio with Chinese-paper
Call for less information control in China, stronger intellectual property rights
BOJ's Muto to speak in Sapporo on Jan 10
Universal Music Group latest label to ink licensing pact with social networking site imeem
Symphony Technology receives funding from GIC-paper
Lafarge to buy Orascom Cement in $12.8 bn deal
Japan's Eisai to buy U.S. MGI Pharma for $3.9 bn
Carlsberg has no plans to raise S&N bid: Paper
Bio Beauty Group to postpone HK IPO
Congo keeps uranium riches under wraps
PepsiCo in pact to sell Sabra spreads
UBS writes down $10 bn; Singapore injects capital
Lafarge to buy Orascom for $12.8 bn
China tells US not to politicise trade rows
New Hope not to up offer for Resource Pacific
Finance ministers meet on sidelines of global climate talks
NYK, Nippon Oil agree to raise key ship fuel price
Carmakers pledge support for Bali climate talks
Toshiba to make solid-state drives in push for flash
Philippines seeks 1.08 mn tonnes of thermal coal
South Korea counts cost of national park oil spill
U.S. conciliatory on safety ahead of China summit
Australia must raise productivity to improve export performance: Trade minister
Seoul shares close down, led by Samsung Heavy Ind
Wal-Mart to grow by more than 30 % annually in China
Singapore's GIC says UBS stake may go up to 9%
Indonesia's Gresik may issue $1 bn bond in January
FX-Peso hits new high, Korean won falls
New owners of Turkey's Petkim aim to double output
Ambrian Commodities hires veteran Alison Giles
Airbus beats 2005 order record
LinkedIn to open up service to BusinessWeek
Source: http://economictimes.indiatimes.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.
Citi board to meet, weigh CEO candidates: Source
South America launches rival to the IMF, World Bank
ERGO buys majority stake in Korean online car insurer
GMR, Macquarie to bid for Singapore power firms: Report
Telekom Malaysia announces special dividend
World's leading schools set up campuses in Singapore
Blackstone plans bid for Rio with Chinese-paper
Call for less information control in China, stronger intellectual property rights
BOJ's Muto to speak in Sapporo on Jan 10
Universal Music Group latest label to ink licensing pact with social networking site imeem
Symphony Technology receives funding from GIC-paper
Lafarge to buy Orascom Cement in $12.8 bn deal
Japan's Eisai to buy U.S. MGI Pharma for $3.9 bn
Carlsberg has no plans to raise S&N bid: Paper
Bio Beauty Group to postpone HK IPO
Congo keeps uranium riches under wraps
PepsiCo in pact to sell Sabra spreads
UBS writes down $10 bn; Singapore injects capital
Lafarge to buy Orascom for $12.8 bn
China tells US not to politicise trade rows
New Hope not to up offer for Resource Pacific
Finance ministers meet on sidelines of global climate talks
NYK, Nippon Oil agree to raise key ship fuel price
Carmakers pledge support for Bali climate talks
Toshiba to make solid-state drives in push for flash
Philippines seeks 1.08 mn tonnes of thermal coal
South Korea counts cost of national park oil spill
U.S. conciliatory on safety ahead of China summit
Australia must raise productivity to improve export performance: Trade minister
Seoul shares close down, led by Samsung Heavy Ind
Wal-Mart to grow by more than 30 % annually in China
Singapore's GIC says UBS stake may go up to 9%
Indonesia's Gresik may issue $1 bn bond in January
FX-Peso hits new high, Korean won falls
New owners of Turkey's Petkim aim to double output
Ambrian Commodities hires veteran Alison Giles
Airbus beats 2005 order record
LinkedIn to open up service to BusinessWeek
Source: http://economictimes.indiatimes.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.
VC, PE updates from VCCircle.com, Indiape.com
VCCircle.com
Romesh Wadhwani’s Symphony Technology Group Gets $1 Billion Capital Infusion
Kotak Mahindra Realty Fund To Invest $75 Million For 20% In IVR Prime
UAE’s Rakeen, Chennai’s Trimex In Hotel JV With UK’s Lotus Fund; Plans Real Estate Ventures Too
IFC To Repeat This Year’s $1B Investment In ‘08; But Cautiously Optimistic
IDFC PE To Raise Its Third Fund Of $600-700 Million By March ‘08
Springer’s Indian BPO Arm May Go To Buyout Funds
Rush To Tier II Cities: Yatra Capital Invests In An Agra Mall; Indore Hotel Seeks Funding
Essar Power To Raise $700M From PE Funds; Mandates SSKI: Report
Pahwa KBS Backs India-Focused Human Powered Search Engine Antya.com
Enam Ventures Into Carbon Credits; Ties Up With Sindicatum Carbon Capital
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Indiape.Com
IDFC PE to raise $600 million in third fund by March 2008
Private equity deals likely to rise sharply
Essar eyes 50% stake in Kenyan refinery
Volvo invests $350 mln in India truck tie-up
Indiabulls buys Piramyd Retail
CBDT reopens 400 PE, M&A deals
PE players eye township projects
Infosys makes $80 mn pitch for Aviva's BPO units
Tayals likely to cut BoR stake to 25%
3i picks up stake in Hyderabad firm for $101m
Goldman, Macquarie to pick up 20% each in PTC arm
Hindustan Unilever to sell Modern Foods to Switz Group
Yatra Capital invests euro 8.79 mn in two firms
Essar Power to divest 10% to PEs for $700 m
Reliance Technology Ventures invested into E-Band Communications
Indivision Capital bought the 4.9% stake in Dish TV more »
Al Anwar Holdings SAOG to pick stake in Almondz Global more »
India's House of Pearl Fashions buys 50 pct stake in UK's FX Imports more »
Kamat Hotels buys 60% stake in Concept Hospitality more »
IFC Considers Buying Up to 10% Stake in India's IFCI more »
Source: http://www.vccircle.com and www.indiape.com 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.
Romesh Wadhwani’s Symphony Technology Group Gets $1 Billion Capital Infusion
Kotak Mahindra Realty Fund To Invest $75 Million For 20% In IVR Prime
UAE’s Rakeen, Chennai’s Trimex In Hotel JV With UK’s Lotus Fund; Plans Real Estate Ventures Too
IFC To Repeat This Year’s $1B Investment In ‘08; But Cautiously Optimistic
IDFC PE To Raise Its Third Fund Of $600-700 Million By March ‘08
Springer’s Indian BPO Arm May Go To Buyout Funds
Rush To Tier II Cities: Yatra Capital Invests In An Agra Mall; Indore Hotel Seeks Funding
Essar Power To Raise $700M From PE Funds; Mandates SSKI: Report
Pahwa KBS Backs India-Focused Human Powered Search Engine Antya.com
Enam Ventures Into Carbon Credits; Ties Up With Sindicatum Carbon Capital
--------------------------------------------------------
Indiape.Com
IDFC PE to raise $600 million in third fund by March 2008
Private equity deals likely to rise sharply
Essar eyes 50% stake in Kenyan refinery
Volvo invests $350 mln in India truck tie-up
Indiabulls buys Piramyd Retail
CBDT reopens 400 PE, M&A deals
PE players eye township projects
Infosys makes $80 mn pitch for Aviva's BPO units
Tayals likely to cut BoR stake to 25%
3i picks up stake in Hyderabad firm for $101m
Goldman, Macquarie to pick up 20% each in PTC arm
Hindustan Unilever to sell Modern Foods to Switz Group
Yatra Capital invests euro 8.79 mn in two firms
Essar Power to divest 10% to PEs for $700 m
Reliance Technology Ventures invested into E-Band Communications
Indivision Capital bought the 4.9% stake in Dish TV more »
Al Anwar Holdings SAOG to pick stake in Almondz Global more »
India's House of Pearl Fashions buys 50 pct stake in UK's FX Imports more »
Kamat Hotels buys 60% stake in Concept Hospitality more »
IFC Considers Buying Up to 10% Stake in India's IFCI more »
Source: http://www.vccircle.com and www.indiape.com 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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PE updates from VCCircle.com,
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