Global CEOs: Indians mind world's business
The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of India, which once seen by US business as a large market and a source of low-cost technology workers. Now India is viewed as a business power that rivals the US in some industries.
The change is visible on the board of the US-India Business Council, once comprised only of executives from US companies doing business in India. Now the board includes executives from global companies with business in India, Indian-Americans heading global businesses and Indian companies with interest in the US.
Board members include Arun Kumar, head partner at KPMG International, Indra Nooyi, CEO of PepsiCo Inc. and Lakshmi Narayanan, vice chairman of Cognizant Technology Solutions, an outsourcing company that bills itself as ''the best of both worlds.''
Arcelor Mittal has grown into the world's largest steelmaker, offering $1.65 billion last week for the remaining shares of Chinese steelmaker China Oriental Group Co. it doesn't already own. While the company is based in the Netherlands, its Indian CEO and founder, Lakshmi Mittal, controls nearly half its shares.
India's outsourcing companies have grown to take on more valuable contracts, pitting them against US-based giants such as IBM Corp. and Accenture Ltd. India's Tata Consultancy Services Ltd. in October announced a $1.2 billion contract from American market research firm Nielsen, the largest outsourcing order ever won by an Indian company and one that includes services from information technology infrastructure management to payroll processing.
Tata Group has expressed its interest in buying troubled Ford Motor Co.'s Jaguar and Land Rover units. ''It's harder to see the borders now,'' said Gregory Kalbaugh, director and counsel of the US-India Business Council.
As the Indian economy has been on a tear, clocking 6 per cent to 8 per cent annual growth, Indian and US political leaders have viewed business ties as a way to bring the countries closer.
President George Bush and Prime Minister Manmohan Singh handpicked members of the US-India CEO Forum, launched in 2005, to plan increased partnership and cooperation.
Meanwhile, US businesses, increasingly dependent on foreign trade, have intensified their interest in promoting an international group of executives.
Nearly half of sales for 238 of the largest US companies was from outside the US for fiscal year 2006, up from one-third of sales in fiscal 2001, according to Standard & Poor's. At the same time, Indians who came to the US to study 30 years ago have worked their way up the ranks of American companies.
The latest round of promotions includes Shantanu Narayen, who joined Adobe Systems Inc. in 1998 and was appointed CEO in December. Others have been in their jobs far longer, such as Ramani Ayer, chairman and CEO of Hartford Financial Services Group Inc., who has led the company since 1997.
Rising business tycoons:
K S (Sonny) Kalsi, managing director and global head of Morgan Stanley's real estate investing business, which has $88.3 billion in assets under management .
Meena Mutyala, vice president of engineering and product management for Westinghouse Electric Corp.'s nuclear fuel business worldwide.
Sheila Hooda, senior managing director, strategy at $437 billion investment company TIAA-CREF, who was previously a managing director in the investment banking division at Credit Suisse.
The rise of Indian-born executives such as Pandit, who on Monday was named CEO of Citigroup, the world's largest bank, follows by more than a decade the advances of Indian business consultants.
A handful of Indian-born academics, especially Ram Charan and C.K. Prahalad, long ago established themselves at the upper echelons of business consulting; consultant and author Charan was reportedly the first outsider Jeffrey Immelt turned to for advice when he became CEO of General Electric Co.
Rajat Gupta, who joined McKinsey & Co. in 1973, was elected managing director of the management consulting firm in 1994, then re-elected to two more three-year terms in 1997 and 2000. Gupta is leaving McKinsey at the end of this year to concentrate on his board positions.
One of Gupta's latest gigs: Special adviser on management reform to the Secretary-General of the United Nations..
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Be Proud as Indian...............
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14 December 2007
Sensex loses 74 pts at close : SIfy Finance (India )
Sensex loses 74 pts at close
There were as many as fifteen gainers from the Sensex as the session drew to a close today. But then, losses posted by a majority of the other half proved so sharp that the barometer, which had another choppy session, ended in the negative territory with a loss of 73.56 points or 0.37% at 20,030.83.
The start was fairly good with the barometer spurting to 20,171.57 after opening at 20,108.09. However, due to weak global markets and lack of triggers, a good majority of large cap stocks struggled for support almost right through the session. Though the Sensex managed a couple of rallies from lower levels, a strong bout of selling during the final minutes pushed the barometer down to 19,936.49.
The National Stock Exchange's 50-stock Nifty index, which touched a high of 6078.55 in early trade, closed at 6047.50, well off its intra-day low of 6015.05, netting a loss of 0.17% or 10.40 points.
Bharti Airtel (down 3.55%), ICICI Bank (down 2.85%), HDFC (down 2.6%), Satyam Computer Services (down 2.35%), HDFC Bank (down 1.65%), Larsen & Toubro (down 1.4%), Tata Steel (down 1.3%), BHEL (down 1.15%) and Wipro (down 1%) ended with sharp losses.
Infosys Technologies closed lower by 0.7% at Rs 1646.80. Mahindra & Mahindra slipped by 0.4% to Rs 790.70. Reliance Communications, DLF and Reliance Energy ended with marginal losses.
BPCL, Zee Entertainment, SAIL, VSNL, Punjab National Bank, Siemens and GAIL India were among the major losers from the Nifty index.
But for a smart rally in Reliance Industries (up nearly 2%), the Sensex would well have ended with a far sharper loss today. ACC (3.6%), Ranbaxy Laboratories (2.7%), Cipla (2.65%), Hindustan Unilever (2.35%), ITC (1.9%), Hindalco (1.85%), Ambuja Cements (1.6%) and Tata Consultancy Services (1.45%) also ended on a firm note.
ONGC, State Bank of India, Grasim Industries, Maruti Suzki and Bajaj Auto gained 0.3% - 1% over their previous closing levels. NTPC, which moved in a tight band, edged up marginally to Rs 246.60.
Nifty stock GlaxoSmithKline Pharma rallied 5.2% to Rs 1092.95. Cairn India moved up by 3.2%. Dr. Reddy's Laboratories, Nalco and Sun Pharmaceuticals also closed with smart gains.
Gillette shot up by 20% to Rs 1323.20. Punjab Tractors, Finolex Industries, TVS Motor and India Cements jumped by 10% - 12%. Lupin, Arvind Mills, Gujarat Narmada, HDIL, Jet Airways, Wockhardt, Procter & Gamble, TN Newsprint & Papers, Cadila Healthcare, Rashtriya Chemicals, National Fertilizers, GlaxoSmithKline Consumer Healthcare, EIH, Indo Rama Synthetics and Gujarat Industries & Power gained 4% - 7%.
Midcap stocks Fortis Healthcare, DCM Shriram, Jubilant Organosys, Time Techno, Bajaj Hindustan, Praj Industries, Panacea Biotech, Sun Pharma Advanced Research, SpiceJet, Prism Cements, JK Cements, Shriram Transport, Motherson Sumi, Hotel Leelaventure and Gujarat Alkalies ended with hefty gains.
A number of stocks from the smallcap also surged higher on sustained buying support today. Mirroring investor interest for midcap and smallcap stocks, the BSE Midcap and Smallcap indices ended stronger by 1.02% and 1.57% respectively.
Kaushalya Infrastructure, which made its debut today, ended at Rs 81.30, a premium of 35.5% to its issue price of Rs 60. Over 38.4 million shares were traded at the Kaushalya Infrastructure counter on NSE today. Kolte Patil, which made a strong debut yesterday, extended its gain. The stock ended up by a little over 20% at Rs 217.65 today.
The market breadth remained strong once again. Out of 2940 stocks traded on BSE, 2082 stocks moved up. 830 stocks closed in the negative territory and 28 stocks finished at their previous closing levels.
more @ www.sify.com/finance
Sesa Goa eyeing tie-ups
IVR Prime gets Rs 250 cr funds
Global CEOs: Indians mind world's business
Murdoch completes $5 b deal for Dow Jones
India’s per capita income to grow at 7.5% in 2007-12’
'ING Vysya Life Insurance among top five in south'
ICICI Venture, IL&FS, Kotak fund take 9.55% in MCX
Wealth creators
Gulf Finance signs deal for $10 b India economic zone
Inflation rises to 3.75%
Videocon Ind jumps on energy spin off plan
HSBC India to foray into retail broking
GMR Infra plans coal mine acquisition
ADAG m-cap crosses Rs 3 lakh crore
With a clutch of new products, TVS expects a better Q4
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.
There were as many as fifteen gainers from the Sensex as the session drew to a close today. But then, losses posted by a majority of the other half proved so sharp that the barometer, which had another choppy session, ended in the negative territory with a loss of 73.56 points or 0.37% at 20,030.83.
The start was fairly good with the barometer spurting to 20,171.57 after opening at 20,108.09. However, due to weak global markets and lack of triggers, a good majority of large cap stocks struggled for support almost right through the session. Though the Sensex managed a couple of rallies from lower levels, a strong bout of selling during the final minutes pushed the barometer down to 19,936.49.
The National Stock Exchange's 50-stock Nifty index, which touched a high of 6078.55 in early trade, closed at 6047.50, well off its intra-day low of 6015.05, netting a loss of 0.17% or 10.40 points.
Bharti Airtel (down 3.55%), ICICI Bank (down 2.85%), HDFC (down 2.6%), Satyam Computer Services (down 2.35%), HDFC Bank (down 1.65%), Larsen & Toubro (down 1.4%), Tata Steel (down 1.3%), BHEL (down 1.15%) and Wipro (down 1%) ended with sharp losses.
Infosys Technologies closed lower by 0.7% at Rs 1646.80. Mahindra & Mahindra slipped by 0.4% to Rs 790.70. Reliance Communications, DLF and Reliance Energy ended with marginal losses.
BPCL, Zee Entertainment, SAIL, VSNL, Punjab National Bank, Siemens and GAIL India were among the major losers from the Nifty index.
But for a smart rally in Reliance Industries (up nearly 2%), the Sensex would well have ended with a far sharper loss today. ACC (3.6%), Ranbaxy Laboratories (2.7%), Cipla (2.65%), Hindustan Unilever (2.35%), ITC (1.9%), Hindalco (1.85%), Ambuja Cements (1.6%) and Tata Consultancy Services (1.45%) also ended on a firm note.
ONGC, State Bank of India, Grasim Industries, Maruti Suzki and Bajaj Auto gained 0.3% - 1% over their previous closing levels. NTPC, which moved in a tight band, edged up marginally to Rs 246.60.
Nifty stock GlaxoSmithKline Pharma rallied 5.2% to Rs 1092.95. Cairn India moved up by 3.2%. Dr. Reddy's Laboratories, Nalco and Sun Pharmaceuticals also closed with smart gains.
Gillette shot up by 20% to Rs 1323.20. Punjab Tractors, Finolex Industries, TVS Motor and India Cements jumped by 10% - 12%. Lupin, Arvind Mills, Gujarat Narmada, HDIL, Jet Airways, Wockhardt, Procter & Gamble, TN Newsprint & Papers, Cadila Healthcare, Rashtriya Chemicals, National Fertilizers, GlaxoSmithKline Consumer Healthcare, EIH, Indo Rama Synthetics and Gujarat Industries & Power gained 4% - 7%.
Midcap stocks Fortis Healthcare, DCM Shriram, Jubilant Organosys, Time Techno, Bajaj Hindustan, Praj Industries, Panacea Biotech, Sun Pharma Advanced Research, SpiceJet, Prism Cements, JK Cements, Shriram Transport, Motherson Sumi, Hotel Leelaventure and Gujarat Alkalies ended with hefty gains.
A number of stocks from the smallcap also surged higher on sustained buying support today. Mirroring investor interest for midcap and smallcap stocks, the BSE Midcap and Smallcap indices ended stronger by 1.02% and 1.57% respectively.
Kaushalya Infrastructure, which made its debut today, ended at Rs 81.30, a premium of 35.5% to its issue price of Rs 60. Over 38.4 million shares were traded at the Kaushalya Infrastructure counter on NSE today. Kolte Patil, which made a strong debut yesterday, extended its gain. The stock ended up by a little over 20% at Rs 217.65 today.
The market breadth remained strong once again. Out of 2940 stocks traded on BSE, 2082 stocks moved up. 830 stocks closed in the negative territory and 28 stocks finished at their previous closing levels.
more @ www.sify.com/finance
Sesa Goa eyeing tie-ups
IVR Prime gets Rs 250 cr funds
Global CEOs: Indians mind world's business
Murdoch completes $5 b deal for Dow Jones
India’s per capita income to grow at 7.5% in 2007-12’
'ING Vysya Life Insurance among top five in south'
ICICI Venture, IL&FS, Kotak fund take 9.55% in MCX
Wealth creators
Gulf Finance signs deal for $10 b India economic zone
Inflation rises to 3.75%
Videocon Ind jumps on energy spin off plan
HSBC India to foray into retail broking
GMR Infra plans coal mine acquisition
ADAG m-cap crosses Rs 3 lakh crore
With a clutch of new products, TVS expects a better Q4
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.
13 December 2007
ET Corporate Stories
RBI aims at 3% inflation in long term
FM terms industrial outlook 'positive'
S&P raises Bharti Airtel rating
BEL IPO over-subscribed 13 times
UB Holdings raises $152 mn
Insurance solutions for realty sector from Sundaram Alliance
Inflation seen at 3.46 pc on Dec 1
Raamdeo Agrawal on how to be a successful investor
SBI cuts rate, others prefer to wait 'n' watch
Suzlon signs MoU in Punjab for Rs 500 cr wind power projects
L&T to float JV with French offshore energy co Technip
India eyes up to $3.5 bn from energy asset auction
Finolex Cables in JV with J-Power of Japan
TCS to collaborate with Australia's TAFE on technical courses
Alcatel bags $350 mn deal from RCOM
Reliance Communications adds 326,682 GSM users in November
Railways may earn Rs 1800 cr by offering 300 trains for advertisements
GE Shipping places order for 2 Supramax carriers with Cosco
Robust manufacturing pushes up IIP to 11.8%
Govt may cut corp tax rate to 26% as collections rise
DSP ML Technology.com Fund beats IT sector blues
ICICI Prudential rural push nets Rs 100 crore premium
Ten cos apply for insurance licence: IRDA
Vikram Pandit: A pundit at Citi
International News:
Microsoft buys online mapping company Multimap
Citi never sleeps, and so also may Pandit
Chairman Bischoff's 'unknown' in the US
China Nov industrial output up 17.3 pct yr/yr
Penthouse buys AdultFriendFinder owner
Source: http://www.theeconomictimes.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.
FM terms industrial outlook 'positive'
S&P raises Bharti Airtel rating
BEL IPO over-subscribed 13 times
UB Holdings raises $152 mn
Insurance solutions for realty sector from Sundaram Alliance
Inflation seen at 3.46 pc on Dec 1
Raamdeo Agrawal on how to be a successful investor
SBI cuts rate, others prefer to wait 'n' watch
Suzlon signs MoU in Punjab for Rs 500 cr wind power projects
L&T to float JV with French offshore energy co Technip
India eyes up to $3.5 bn from energy asset auction
Finolex Cables in JV with J-Power of Japan
TCS to collaborate with Australia's TAFE on technical courses
Alcatel bags $350 mn deal from RCOM
Reliance Communications adds 326,682 GSM users in November
Railways may earn Rs 1800 cr by offering 300 trains for advertisements
GE Shipping places order for 2 Supramax carriers with Cosco
Robust manufacturing pushes up IIP to 11.8%
Govt may cut corp tax rate to 26% as collections rise
DSP ML Technology.com Fund beats IT sector blues
ICICI Prudential rural push nets Rs 100 crore premium
Ten cos apply for insurance licence: IRDA
Vikram Pandit: A pundit at Citi
International News:
Microsoft buys online mapping company Multimap
Citi never sleeps, and so also may Pandit
Chairman Bischoff's 'unknown' in the US
China Nov industrial output up 17.3 pct yr/yr
Penthouse buys AdultFriendFinder owner
Source: http://www.theeconomictimes.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.
VC, PE updates from VCCircle.com, Indiape.com
IndiaPE.com
Three investors line up for equity stake in GoAir
Red Fort plans Rs 800 cr fund
Sage Capital plans private equity fund through joint venture
Ramky to unlock value of its entities that attracted investments from PE firms
IL&FS arm raises $578 mn for realty fund
Banks, FIIs buy 9% in GMR Infrastructure for $1 bn
L&T acquires 26% equity in Feedback Ventures
Italian co to acquire 60% in Nicco unit
Eton Park buys 5pct in India Reliance Capital unit
PEs eye stake in Bengal Faith Health Care
Bollywood finds PE as a new source of cash
IDG Ventures India invests $2.5 million in iViZ
Standard Chartered to invest $50 m in UTI Securities
TV18 acquires strategic control in Infomedia India
------------------------------------------------------------
VCCircle.com
TV18 Buys 40% Stake In Infomedia India For Rs 178 Crore; ICICI Venture Gets 4X
Eton Park Invests Rs 501 Crore In Reliance Capital Asset Management
IL&FS Investment Managers Announces First Closure Of Realty Fund At $578M
Mentor Partners Plans Its Own Fund Of $30-50 Million
GMR Infrastructure Raises $1 Billion Via QIP Issue From SBI, Canara Bank, Others
Oman PE Firm Al Anwar Holdings Buys 14.99% Stake In Almondz Securities
InLogistics Gets Funding From Sage Capital; The Fund Plans JV, Focus On SMEs
Jobs: Associate, TVS Shriram Growth Fund; Location: Chennai
Global Assets Holding Corporation’s Stake Sale To PE Funds Hits Security Hurdle
Citigroup Appoints Vikram Pandit As CEO; Win Bischoff Is Chairman
Goldman’s $24-Million Deal In Tejas Reportedly Valued The Firm At $625 Million
Lauris Capital Partners Forms $50 Million Micro Buyout Fund
Jobs: CIO - Private Equity; An Infrastructure Fund; Mumbai
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.
Three investors line up for equity stake in GoAir
Red Fort plans Rs 800 cr fund
Sage Capital plans private equity fund through joint venture
Ramky to unlock value of its entities that attracted investments from PE firms
IL&FS arm raises $578 mn for realty fund
Banks, FIIs buy 9% in GMR Infrastructure for $1 bn
L&T acquires 26% equity in Feedback Ventures
Italian co to acquire 60% in Nicco unit
Eton Park buys 5pct in India Reliance Capital unit
PEs eye stake in Bengal Faith Health Care
Bollywood finds PE as a new source of cash
IDG Ventures India invests $2.5 million in iViZ
Standard Chartered to invest $50 m in UTI Securities
TV18 acquires strategic control in Infomedia India
------------------------------------------------------------
VCCircle.com
TV18 Buys 40% Stake In Infomedia India For Rs 178 Crore; ICICI Venture Gets 4X
Eton Park Invests Rs 501 Crore In Reliance Capital Asset Management
IL&FS Investment Managers Announces First Closure Of Realty Fund At $578M
Mentor Partners Plans Its Own Fund Of $30-50 Million
GMR Infrastructure Raises $1 Billion Via QIP Issue From SBI, Canara Bank, Others
Oman PE Firm Al Anwar Holdings Buys 14.99% Stake In Almondz Securities
InLogistics Gets Funding From Sage Capital; The Fund Plans JV, Focus On SMEs
Jobs: Associate, TVS Shriram Growth Fund; Location: Chennai
Global Assets Holding Corporation’s Stake Sale To PE Funds Hits Security Hurdle
Citigroup Appoints Vikram Pandit As CEO; Win Bischoff Is Chairman
Goldman’s $24-Million Deal In Tejas Reportedly Valued The Firm At $625 Million
Lauris Capital Partners Forms $50 Million Micro Buyout Fund
Jobs: CIO - Private Equity; An Infrastructure Fund; Mumbai
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.
Labels:
Indiape.Com,
PE updates from VCCircle.com,
VC
MoneyControl, Myiris.Com Updates
Moneycontrol.Com
Exit laggards, buy largecaps: Experts
Eton Park deal will help expansion into US: Rel MF
Do you own these prized midcap picks?
Govt launches NELP-VII; opens bids for 57 blocks
Stocks to watch: Ispat, IFCI
India is seriously playing games!
TV18 strikes alliance with Forbes Media for Biz Mag
New MF schemes for postal, rural life insurance launched
Bullish on oil and gas: Anagram Stock Broking
Fund Action witnessed in stocks on 12th December, 2007
India slightly better than China: Bank Julius Baer
---------------------------------------------------------------
Myiris.Com
Brokers` Outlook: Market to follow global cues on Friday
Improvement in fiscal position of state govts: RBI
HB Stockholdings hikes stake in DCM Shriram Ind. to 17.25%
TV 18 partners with Forbes to launch business magazine
RIL lines up USD 24 bn expansion plan
Active stock: Finolex Cables soars over 5% on JV with Japanese co.
Aries Agro IPO opens on Dec. 14
GE Shipping orders 2 more Supramax dry bulk carriers
Videocon to put fresh bid for Daewoo
Tatas, REL & GMR in fray for Singapore power co.
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.
Exit laggards, buy largecaps: Experts
Eton Park deal will help expansion into US: Rel MF
Do you own these prized midcap picks?
Govt launches NELP-VII; opens bids for 57 blocks
Stocks to watch: Ispat, IFCI
India is seriously playing games!
TV18 strikes alliance with Forbes Media for Biz Mag
New MF schemes for postal, rural life insurance launched
Bullish on oil and gas: Anagram Stock Broking
Fund Action witnessed in stocks on 12th December, 2007
India slightly better than China: Bank Julius Baer
---------------------------------------------------------------
Myiris.Com
Brokers` Outlook: Market to follow global cues on Friday
Improvement in fiscal position of state govts: RBI
HB Stockholdings hikes stake in DCM Shriram Ind. to 17.25%
TV 18 partners with Forbes to launch business magazine
RIL lines up USD 24 bn expansion plan
Active stock: Finolex Cables soars over 5% on JV with Japanese co.
Aries Agro IPO opens on Dec. 14
GE Shipping orders 2 more Supramax dry bulk carriers
Videocon to put fresh bid for Daewoo
Tatas, REL & GMR in fray for Singapore power co.
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.
Labels:
Moneycontrol,
Myiris.com updates
Kolte-Patil ends with 24% premium, Other IPOs News
Kolte-Patil Developers ends with 24% premium
Kolte-Patil plans to expand to emerging cities
Pune based real estate developer, Kolte-Patil Developers, has touched an intraday high of Rs 230, a gain of 58.62% before closing the day at Rs 180.15, a premium of 24.24% over its offer price of Rs 145. Negative sentiment in markets and some litigation matter with the landowners on the company's front have pulled down the stock to Rs 176, an intraday low. It traded with volumes of 1.67,52,612 shares and the turnover was at Rs 314 crore on the NSE. The stock ended at Rs 181.45, with volumes of 1,06,11,353 shares. It has touched a high/low of Rs 223.90 and Rs 175 respectively on the BSE.
Rajesh Patil, CMD, Kolte-Patil Developers told CNBC-TV18, their total saleable area in Pune and Bangalore is 39 million sq ft. Currently, 18 million sq ft is under construction, while 21 million sq ft is under MoUs. They plan to expand to emerging cities, but their main focus is on Pune, Bangalore. Right now, they have three projects with ICICI Venture Capital and three with Yatra Capital, he said.
The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.
Other IPO news:
JSW Steel to launch Energy unit IPO before FY
Brigade Enterprises IPO subscribed 13 times
Kaushalya Infra likely to debut at Rs 68-70
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...
Kolte-Patil plans to expand to emerging cities
Pune based real estate developer, Kolte-Patil Developers, has touched an intraday high of Rs 230, a gain of 58.62% before closing the day at Rs 180.15, a premium of 24.24% over its offer price of Rs 145. Negative sentiment in markets and some litigation matter with the landowners on the company's front have pulled down the stock to Rs 176, an intraday low. It traded with volumes of 1.67,52,612 shares and the turnover was at Rs 314 crore on the NSE. The stock ended at Rs 181.45, with volumes of 1,06,11,353 shares. It has touched a high/low of Rs 223.90 and Rs 175 respectively on the BSE.
Rajesh Patil, CMD, Kolte-Patil Developers told CNBC-TV18, their total saleable area in Pune and Bangalore is 39 million sq ft. Currently, 18 million sq ft is under construction, while 21 million sq ft is under MoUs. They plan to expand to emerging cities, but their main focus is on Pune, Bangalore. Right now, they have three projects with ICICI Venture Capital and three with Yatra Capital, he said.
The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.
Other IPO news:
JSW Steel to launch Energy unit IPO before FY
Brigade Enterprises IPO subscribed 13 times
Kaushalya Infra likely to debut at Rs 68-70
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...
Other reports from Other Blogs
http://www.deadpresident.blogspot.com
GE Shipping, Economy, Banks
Nifty December futures strike all time high
Post Market Commentary
Marg Constructions / Gayatri Projects
Sensex tanks on weak global cues
Aries Agro IPO Analysis
Gold gains but silver slips
GMR raises $1bn; sells stake to Soros, others
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http://www.bsensedaily.com
GMR sells stake in GMR Infra
Sensex to scale 21000 mark soon
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GMR sells stake in GMR Infra
Sensex to scale 21000 mark soon
Source: Above sites. 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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Sensex plunges 271 pts at close : Sify India
Sensex plunges 271 pts at close
The Sensex opened with a bang, hitting a new high at 20,498.11 at the bell, and after staying in the positive territory for a little over half an hour amid high volatility, drifted into the red as a few blue chip stocks encountered resistance at lost ground. And it never really managed to bounce back into the positive zone after that. Instead, the barometer drifted lower and lower as the session progressed. Though a smart rally around mid afternoon raised some hopes of a sharp recovery, a fresh bout of selling - this time around the pressure proved more intense - knocked the wind out of several blue chip stocks and sent the Sensex crashing down to 20,065.63. With global markets turning weak and no prominent triggers available on the home front, participants chose to exit key counters today.
While the Sensex ended the session with a huge loss of 271.48 points or 1.33% at 20,104.39, the Nifty, which touched a new all-time high at 6185.40 in morning trade but plunged to a low of 6040.40 during the closing minutes, settled at 6058.10 with a loss of 1.64% or 101.20 points.
FMCG heavyweight ITC opened on a firm note and despite a drop in momentum midway through the session ended the day with a handsome gain of 4.15% at Rs 196.90.
Hindustan Unilever took a long time to see action, but managed a modest gain of 0.8% in the end. Metal stocks Tata Steel (2.9%) and Hindalco (1.6%), pharma majors Cipla (2.1%) and Ranbaxy Laboratories (0.85%), housing finance stock HDFC (1.1%) and automobile majors Bajaj Auto (1.5%) and Mahindra & Mahindra (0.8%) ended on a firm note. Realty stock DLF edged up marginally to Rs 1022.80.
It turned out to be an extremely weak outing for Bharti Airtel, one of the biggest gainers yesterday. The stock closed with a sharp loss of 6.2% at Rs 987.80. ICICI Bank (down 3.7%), Maruti Suzuki (down 3.45%), Satyam Computer Services (down 2.3%), ONGC (down 2.2%), BHEL (down 2.15%), NTPC (down 1.95%), Ambuja Cements (down 1.9%), State Bank of India (down 1.85%), Reliance Industries (down 1.85%), Tata Consultancy Services (down 1.8%), Infosys Technologies (down 1.55%) and HDFC Bank (down 1.45%) went down sharply.
Tata Motors, which had a brief spell in the positive territory, ended with a loss of 1.25% at Rs 759.85. Larsen & Toubro, Wipro and Reliance Energy lost more than a per cent from their previous closing levels. ACC (down 0.7%), Reliance Communications (down 0.45%) and Grasim Industries (down 0.2%) also ended on a weak note.
Sun Pharmaceuticals, Tata Power, HCL Technologies, GAIL India, Zee Entertainment, Sterlite Industries, BPCL, Nalco, Reliance Petroleum, GlaxoSmithKline Pharma, Suzlon Energy and Unitech closed with sharp losses today.
Dr. Reddy's Laboratories gained nearly 3%. Punjab National Bank, Idea Cellular, Hero Honda, VSNL and Cairn India closed with sharp to moderate gains. Lanco Infratech, Gillette, JSW Steel, Spice Telecom, GE Shipping, Aditya Birla Nuvo, Ispat Industries, Cadila Healthcare, Torrent Power, Indian Hotels, Adani Enterprises, IVR Prime, Jet Airways, Tata Tea, EIH Limited, Essel Propack and Lupin posted strong gains.
Micro Inks, Parsvnath Developers, D-Link India, Mastek, Finolex Industries, Edelweiss Capital, National Fertilizers, Syndicate Bank, HTMT Global, Maharashtra Seamless, Mangalore Refineries & Petrochemicals and Tata Chemicals declined sharply.
Realty stock Kolte Patil Developers made a fairly good debut today. The stock opened at Rs 230 on NSE - it remained its high - and ended at Rs 180.15, a few rupees off an intra-day low of Rs 176, at a premium of 24.25% to its issue price. Over 16.75 million shares were traded at the Kolte Patil counter on NSE today.
Though the indices closed with sharp losses, the market breadth remained positive thanks to strong buying in midcap and smallcap stocks. Out of 2928 stocks traded on BSE, 1842 stocks closed higher. 1060 stocks ended on a weak note and 26 stocks finished at their previous closing levels
More stories @ www.sify.com/finance
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Citigroup's Vikram Pandit has Midas touch
S&P raises Bharti rating to investment grade
Citigroup Global ups stake in Sujana Towers
Rajesh Exports gets order worth Rs 116 cr
Kolte-Patil shares rise 59% on NSE debut
5% in Reliance MF gets Rs 501 cr
Parsvnath sets up arm for AMC, asset holding biz
India has 3rd largest telecom market: PwC
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...
The Sensex opened with a bang, hitting a new high at 20,498.11 at the bell, and after staying in the positive territory for a little over half an hour amid high volatility, drifted into the red as a few blue chip stocks encountered resistance at lost ground. And it never really managed to bounce back into the positive zone after that. Instead, the barometer drifted lower and lower as the session progressed. Though a smart rally around mid afternoon raised some hopes of a sharp recovery, a fresh bout of selling - this time around the pressure proved more intense - knocked the wind out of several blue chip stocks and sent the Sensex crashing down to 20,065.63. With global markets turning weak and no prominent triggers available on the home front, participants chose to exit key counters today.
While the Sensex ended the session with a huge loss of 271.48 points or 1.33% at 20,104.39, the Nifty, which touched a new all-time high at 6185.40 in morning trade but plunged to a low of 6040.40 during the closing minutes, settled at 6058.10 with a loss of 1.64% or 101.20 points.
FMCG heavyweight ITC opened on a firm note and despite a drop in momentum midway through the session ended the day with a handsome gain of 4.15% at Rs 196.90.
Hindustan Unilever took a long time to see action, but managed a modest gain of 0.8% in the end. Metal stocks Tata Steel (2.9%) and Hindalco (1.6%), pharma majors Cipla (2.1%) and Ranbaxy Laboratories (0.85%), housing finance stock HDFC (1.1%) and automobile majors Bajaj Auto (1.5%) and Mahindra & Mahindra (0.8%) ended on a firm note. Realty stock DLF edged up marginally to Rs 1022.80.
It turned out to be an extremely weak outing for Bharti Airtel, one of the biggest gainers yesterday. The stock closed with a sharp loss of 6.2% at Rs 987.80. ICICI Bank (down 3.7%), Maruti Suzuki (down 3.45%), Satyam Computer Services (down 2.3%), ONGC (down 2.2%), BHEL (down 2.15%), NTPC (down 1.95%), Ambuja Cements (down 1.9%), State Bank of India (down 1.85%), Reliance Industries (down 1.85%), Tata Consultancy Services (down 1.8%), Infosys Technologies (down 1.55%) and HDFC Bank (down 1.45%) went down sharply.
Tata Motors, which had a brief spell in the positive territory, ended with a loss of 1.25% at Rs 759.85. Larsen & Toubro, Wipro and Reliance Energy lost more than a per cent from their previous closing levels. ACC (down 0.7%), Reliance Communications (down 0.45%) and Grasim Industries (down 0.2%) also ended on a weak note.
Sun Pharmaceuticals, Tata Power, HCL Technologies, GAIL India, Zee Entertainment, Sterlite Industries, BPCL, Nalco, Reliance Petroleum, GlaxoSmithKline Pharma, Suzlon Energy and Unitech closed with sharp losses today.
Dr. Reddy's Laboratories gained nearly 3%. Punjab National Bank, Idea Cellular, Hero Honda, VSNL and Cairn India closed with sharp to moderate gains. Lanco Infratech, Gillette, JSW Steel, Spice Telecom, GE Shipping, Aditya Birla Nuvo, Ispat Industries, Cadila Healthcare, Torrent Power, Indian Hotels, Adani Enterprises, IVR Prime, Jet Airways, Tata Tea, EIH Limited, Essel Propack and Lupin posted strong gains.
Micro Inks, Parsvnath Developers, D-Link India, Mastek, Finolex Industries, Edelweiss Capital, National Fertilizers, Syndicate Bank, HTMT Global, Maharashtra Seamless, Mangalore Refineries & Petrochemicals and Tata Chemicals declined sharply.
Realty stock Kolte Patil Developers made a fairly good debut today. The stock opened at Rs 230 on NSE - it remained its high - and ended at Rs 180.15, a few rupees off an intra-day low of Rs 176, at a premium of 24.25% to its issue price. Over 16.75 million shares were traded at the Kolte Patil counter on NSE today.
Though the indices closed with sharp losses, the market breadth remained positive thanks to strong buying in midcap and smallcap stocks. Out of 2928 stocks traded on BSE, 1842 stocks closed higher. 1060 stocks ended on a weak note and 26 stocks finished at their previous closing levels
More stories @ www.sify.com/finance
BHEL bags Rs 121 cr contract
Indian KPOs step up cross-border M&As
Apollo Tyres to expand capacity
Reliance Money PMS roll-out in mid-Jan
Fed rate cuts not a determining factor: Reddy
Praj inks JV with Brazilian firm
Television Eighteen in pact with Forbes Media
India's largest tech fund beats IT sector blues
Naukri.com introduces international jobs section
Citigroup's Vikram Pandit has Midas touch
S&P raises Bharti rating to investment grade
Citigroup Global ups stake in Sujana Towers
Rajesh Exports gets order worth Rs 116 cr
Kolte-Patil shares rise 59% on NSE debut
5% in Reliance MF gets Rs 501 cr
Parsvnath sets up arm for AMC, asset holding biz
India has 3rd largest telecom market: PwC
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: Valero Energy Corporation
Valero Energy Corporation
Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon.
More @ http://en.wikipedia.org/wiki/Valero_Energy
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 given. Blog is not responsible for any faulty information.
Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon.
More @ http://en.wikipedia.org/wiki/Valero_Energy
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 given. Blog is not responsible for any faulty information.
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