BusinessLine Stories and Articles

www.businessline.in

PE majors queue up for slice of domestic brokerages
Non-food credit surges in November
Indian markets among most expensive globally?

UTV ready to go it alone in Hollywood
Cement cos may feel the pinch as coal costs rise
Small-cap stocks — Still time to join the party?

S Kumars close to Rs 500-cr overseas buy
Excess returns: All about market timing
Index Outlook

Ipca Labs: Buy More
Everest Kanto Cylinders: Buy More
Tantia Constructions: Buy

An introduction to open offers
Sanghvi Movers to spend Rs 550 cr for buying cranes
Manaksia to expand metal biz, prepay term debt thru IPO
Investment Nuggets

Trader's Corner
Birla Sun Life Frontline Equity — In tune with the market themes
Fund Talk More
Technical Analysis Q&A....More

Colgate to restart trading on NSE
Reliance Industries
Prominent bulk deals on NSE and BSE

Sundaram BNP Paribas S.M.I.L.E: Hold
DSPML Equity Fund: Invest
Precision Pipes (IPO): Avoid

Aries Agro (IPO): Avoid
Ipca Labs: Buy
Everest Kanto Cylinders: Buy

Porwal Auto Components — IPO: Avoid
OUTLOOK Nifty future may see downward pressure
What’s Ahead

It’s about emotional, not financial return
Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com


Should companies be socially responsible?



Source: www.businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Rediff, Myiris Stories

Rediff.com

Man in the News: Vikram Pandit
Meet The 10 Richest Indians
Top-earning world leaders
10 qualities of a good stock trader
-----------------------------------------------

$10-bn SEZ near Mumbai soon
Spending on luxury? Are they good?
New deadline for filing tax returns
What Vikram Pandit plans for Citi
5 things to look for in an FD

• 'Best friend & partner don't get along': Your responses!
• Taking the SNAP? Read this!
• Entrepreneurship: Trust your gut feeling
• At 18, he runs an anti-hacking company More

Information You Can Use
• Seminar on US visas
• Admissions: MICA's PGDM-C
• ICAI announces CPT 2008
• Manipal Univ: PG courses

----------------------------------------------------
Myiris.Com

Subsidy on fertilizer may rise 30-35% in 2008
Godrej Appliances to foray into CTV category
RBI tightens credit facility for MFs, FIIs
IRDA to liberalize IPO investment norms for insurers
India`s external sector continues to be strong: Reddy
RBI issues MoI for Foreign Currency Vostro A/cs

HSBC looks at acquiring PSU banks
Tudor India to invest Rs 350 mn in Gujarat



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.

Weekly Gainers : Rediff India

http://money.rediff.com/money/jsp/weekly_gainer.jsp



Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Gillette India Ltd. A 852.55 1,323.20 + 55.20
+
Lanco Infratech Ltd. A 555.80 809.30 + 45.61
+
Finolex Industri A 88.45 108.85 + 23.06
+
HDIL A 824.75 1,014.60 + 23.02
+
National Alumini A 379.65 449.35 + 18.36
+
Cadila Healthcar A 289.85 335.10 + 15.61
+
Ballarpur Ind. A 156.00 179.80 + 15.26
+
Spice Communications A 53.55 61.55 + 14.94
+
Adani Enterprises Lt A 794.60 911.40 + 14.70
+
Jindal Saw A 901.15 1,033.55 + 14.69
+
Dredging Corpora A 988.85 1,132.55 + 14.53
+
Jet Airways A 879.10 1,001.05 + 13.87
+
TVS Motor Co. Ltd. A 68.05 77.40 + 13.74
+
Finolex Cables A 100.05 113.50 + 13.44
+
Tata Tea A 825.55 935.75 + 13.35
+
Indo Rama Synth. A 56.65 64.20 + 13.33
+
Hindalco Indus. A 188.15 212.75 + 13.07
+
Lupin Ltd. A 567.95 639.75 + 12.64
+
Ispat Industries A 70.25 79.05 + 12.53
+
EIH Ltd. A 171.05 192.40 + 12.48
+
Punj. Tractors A 251.75 281.90 + 11.98
+
Indian Oil Corp A 590.65 661.30 + 11.96
+
GlaxoSmithKline Phar A 970.20 1,084.85 + 11.82
+
Ingersoll Rand A 344.60 383.30 + 11.23
+
Nicholas Piramal A 319.95 355.85 + 11.22
+
Engineers India A 834.00 926.30 + 11.07
+
Arvind Mills Ltd A 75.30 83.60 + 11.02
+
P&G Hygiene&Health A 713.00 791.30 + 10.98
+
JSW Steel A 1,206.25 1,337.10 + 10.85
+
JaiprakashAssociates A 1,954.25 2,155.75 + 10.31

--------------------------------------------------

Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Anil Products Ltd. B1 149.20 262.00 + 75.60
+
Consolidated Finvest B1 57.00 99.45 + 74.47
+
Ambica AgarbathiB1 18.10 29.30 + 61.88
+
Sun Pharma Advanced B1 106.80 172.05 + 61.10
+
Vardhman Holdings B1 251.00 397.00 + 58.17
+
Jagsonpal Pharma B1 20.50 31.75 + 54.88
+
Sakuma Exports B1 21.03 32.30 + 53.59
+
Shyam Telecom B1 102.70 155.70 + 51.61
+
Netflier Finco Ltd. B1 42.50 64.40 + 51.53
+
Nahar Investments & B1 32.70 49.40 + 51.07
+
Amforge Inds. B1 14.95 22.48 + 50.37
+
Guj. Themis Bios T 12.63 18.68 + 47.90
+
Haryana Capfin Ltd. B1 63.60 93.55 + 47.09
+
Mukand Engineers T 39.15 57.55 + 47.00
+
Patspin India B1 14.95 21.89 + 46.42
+
Guj. Sidhee Ceme T 29.20 42.05 + 44.01
+
Novopan Industri B1 56.55 81.35 + 43.85
+
Radaan Mediaworks(I) B1 8.11 11.57 + 42.66
+
KCP Sugar & In B1 19.90 28.25 + 41.96
+
Mirza International B1 24.20 34.30 + 41.74
+
Ansal Properties & I B1 271.75 383.90 + 41.27
+
Supreme Petroche B1 33.10 46.70 + 41.09
+
City Union Bank B1 301.10 424.15 + 40.87



Source: http://www.rediff.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.

Weekly Wrap Up: Sensex gains 64.83 pts in the week

India`s benchmark 30 share index, BSE Sensex gained 64.83 points to 20,030.83, over the week ended December 15, while the broad based NSE Nifty climbed 113.10 points to 6,047.70 in the same period.

The Sensex lost the ground after opening with gains on Monday, following the drop in global markets after UBS reported that it will write down assets attached to US subprime lending by USD 10 billion. Select stocks from capital goods, FMCG, metal, health care and power led the fall while consumer durable, realty and banking stocks gained.BSE Sensex closed with a loss of 35.32 points, or 0.18%, at 19,930.68, while the broad-based NSE Nifty closed at 5,960.60, down 13.7 points, or 0.23%.

On Tuesday, Sensex closed above 20,000 driven by continuous buying activity among the investors on speculation that another cut by the Fed will lure more investors to emerging market assets. The index opened firm at 20,049.35 and touched an intraday high of 20,333.06. Heavy buying interest was seen across board.BSE Sensex closed with a hefty gain of 360.21 points, or 1.81%, at 20,290.89, while the broad-based NSE Nifty closed at 6,097.25, up 136.65 points, or 2.29%.

Sensex closed on a firm note on Wednesday by touching an intraday high of 20,419.11 backed by sustained buying activity among the investors in index heavyweights. The index opened negative at 20,197.44 and continued to trade in the negative terrain on news of Fed cut by 25 basis points. Later the index moved up in the positive and again fell into the negative to trade on a flat note. The index touched an intraday low of 20,045.42.BSE Sensex closed with a gain of 84.98 points, or 0.42%, at 20,375.87, while the broad-based NSE Nifty closed at 6,159.30, up 62.05 points, or 1.02%.

On Thursday, Sensex opened at 20,498.11 and later slipped into the negative on back of selling activity in frontliners and global cues. The index proceeded to trade in the negative throughout the day. Profit booking was seen across board. Consequently, the index fell further and touched an intraday low of 20.065.63, to finally wrap the day on a weak note.
BSE Sensex closed with a loss of 271.48 points, or 1.33%, at 20,104.39, while the broad-based NSE Nifty closed at 6,058.10, down 101.2 points, or 1.64%.

On Friday, Sensex opened positive at 20,108.09 and later slipped into the negative on back of selling activity in frontliners and global cues. The index traded in negative throughout the day on account of profit booking which was witnessed across the board. Considerable amount of movement was seen during the day.The index fell to an intraday low of 19,936.49, to finally end the day on a sluggish note. BSE Sensex closed with a loss of 73.56 points, or 0.37%, at 20,030.83, while the broad-based NSE Nifty closed at 6,047.70, down 10.4 points, or 0.17%.

New ListingShares of Mumbai-based jewellery maker Renaissance Jewellery got listed on Wednesday at a premium of 26.67%, or at Rs 190 as against its issue price of Rs 150 a share on the Bombay Stock exchange (BSE).The company`s initial public offering received 23.63 times subscription. The company`s IPO of 5.32 million shares of Rs 10 each, was priced between Rs 125 and Rs 150 a share.

Edelweiss Capital made a sparking debut at the bourses on Wednesday.The company`s scrip got listed at 75% premium, or at Rs 1,443.75 on the Bombay Stock exchange (BSE) over its issue price of Rs 825.00 a share.The company had come out with an initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each, at a price band of Rs 725 to Rs 825 a share. The issue was open for subscription from November 15 to November 20. The issue received an overwhelming response, as it was oversubscribed 110.90 times.Shares of realty major in Pune, Kolte Patil Developers (KPDL) after listing on bourses on Thursday, settled with 24.24% premium on the National Stock Exchange (NSE). It opened at a premium of Rs 85, or 58.62%, at Rs 230 as compared with the issue price of Rs 145 a share. It touched a high of Rs 230 and a low of Rs 176. Shares of Kaushalya Infrastructure Development Corporation (KIDCO), a diversified infrastructure development company, after listing on bourses on Friday, settled with 35.50% premium on the National Stock Exchange (NSE). Shares opened at a premium of Rs 19, or 31.67%, at Rs 79 as compared with the issue price of Rs 60 a share. It touched a high of Rs 84.80 and a low of Rs 59.

Corporate Highlights

Suzlon`s arm Hansen list with 42.3% premium on LSE
Suzlon Energy on Tuesday announced the listing of Hansen Transmissions International, Belgium (Hansen), the subsidiary of the company, on Dec. 11, 2007 on the London Stock Exchange.
IOC warns Indian RailwaysIndian Oil Corp (IOC) has threatened to stop fuel supplies to rail locomotives if the railways continue to insists on discounts on rates. IOC is the largest supplier of diesel to Indian Railways. IOC supplies 85% of the 2.38 million kilolitre (kl) diesel railways need annually.
TV18 acquires 53% stake in InfomediThe board of directors of Television Eighteen (TV18) India at its meeting held on Dec. 11, 2007 approved the acquisition of at least 53% stake in Infomedia India from ICICI Venture managed fund.
Television Eighteen makes open offer for 20% in InfomediaTelevision Eighteen India along with I-Ven Interactive issued a public announcement to the shareholders of Infomedia India to acquire upto 51,87,621 equity shares being 20% of the voting capital of Infomedia India at Rs 237 a share, paybale in cash.The offer opens on Feb. 04, 2008 and closes on Feb. 23, 2008.

Economy

India`s wholesale price index (WPI) based Inflation moved to 3.75% for the week ended December 01, as against 3.01% in the previous week.

Policy

Stock market regulator SEBI said that it will expand the municipal bond market in the country, that can help urban local bodies raise funds for infrastructure development.
SEBI chairman M Damodaran said there is enough liquidity in the capital market, and a few enabling provisions are needed to pull investors into long-term funds.
Municipal bonds, are issued by urban local bodies (ULBs) to finance infrastructure such as water supply and sanitation. In India, municipal bond market is 10 years old. The first bonds were issued by Ahmedabad Municipal Corporation. More ULBs should raise money from the capital market, he said.
So far there are 13 municipal bodies that have issued such bonds and in the 1999-2000 budget, the government allowed issuance of tax-free municipal bonds.
Damodaran is of the opinion, that flexibility is required in the kind of municipal bonds through which one seeks to raise money in the country as compared to standard bonds concept.

RBI issues MoI for Foreign Currency Vostro A/cs

The Reserve Bank of India (RBI) issued a memorandum of instructions (MoI) for opening and maintaining Rupee or foreign currency vostro accounts of non-resident exchanges houses.
Authorised Dealer Category –I (AD Category – I) banks are invited to the MoI for opening and maintaining such accounts.
For operations in the Rupee vostro accounts, the accounts can be used for channeling inward remittances to India primarily on private account. The remitter is permitted upto Rs 20 million per transaction and the accounts will not be used for outward remittances from India.
Separate Rupee Vostro accounts will be maintained for each arrangement and the accounts shall run on credit basis.
Also, the RBI has laid down instructions on foreign currency drawing arrangements as well as on internal control and monitoring of accounts.

Spectrum policy, also open to new comers: PM

The telecom spectrum policy should be allocated in a manner that are open to new comers to ensure the competitiveness in the sector, said Prime Minister Manmohan Singh.
He expressed concern saying that the spectrum availability can be a constrain for the growth of telecom sector in future. Also the centre has taken steps for vacating air waves by the existing users.
Singh said the key issues in the spectrum policy should be correct pricing, fair allocation rules and a pro- competitive stance. All the spectrum users to use this scare resource optimally `all technological options must be explored to maximize its utilization.`

Industrial outlook `positive`:FM

Finance Minister P Chidambaram described industrial outlook as positive, a day after official figures showed an industrial production growth of 11.8% in October 2007, as against 4.5% in the corresponding month a year ago.
According to the official figures, the industrial production during October grew by 11.8% from 4.5 % in the corresponding month last year.

However, for April-October period the growth worked out to be 9.7%, marginally lower than 10.1% recorded in the same period last year.

IRDA to consider more instruments for insurers

The Insurance Regulatory Development Authority of India (IRDA) is thinking to include mortgage-backed securities, infrastructure securities and investments in initial public offers (IPOs) in approved investments.
It is learnt that there will be certain changes in the insurance regulations that will give more flexibility to insurers without taking recourse to legislative amendment.

Investors are much inclined to infrastructure securities, as it is similar to investment requirements that offers good yields, lower defaults and are long term in nature.

IRDA to liberalize IPO investment norms for insurers

Insurance Regulatory and Development Authority (IRDA), may allow life insurers to subscribe to initial public offerings (IPO) of companies.

The insurers will be allowed to subscribe IPO of companies with a high IPO rating by a credit rating agency and the move will enable insurers to generate higher returns for their policyholders.

Global

The US Federal Reserve on Wednesday cut interest rates by a quarter percentage point to 4.25%, or 25 basis points.The cut in the federal funds rate is the third in the past three months by the world`s most powerful central bank. Fed officials signalled that further cuts were possible if the downturn in housing and the crisis in mortgage lending were to get worse.

Agri

Government announced that it had notified a new scheme extending financial assistance to sugar mills. As part of the package, the sugar mills will get interest-free loans to help them pay the dues of the farmers who supply them sugarcane.

General

Vikram Pandit has been named CEO of Citigroup, the world`s largest bank.Vikram will have to face mounting challenges at Citigroup. The bank has suffered staggering losses in recent times in the mortgage melt-down and other exposures. Shares of Citigroup dropped to below USD 30 for the first time in five years.........

More@ Weekly Wrap Up: Sensex gains 64.83 pts in the week



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ET Business Stories

http://economictimes.indiatimes.com/


MRF net jumps 115% to Rs 172 cr
5-step guide to locating a 'wealth creator'
Private Equity: Fueling the entrepreneurial engine in India
India Inc shines in H1 show
-----------------------------------------------

UBS' StanChart AMC bid may run into a wall
Heard on the street Analysts' picks Leading stock exchanges
Only three left in fray for IFCI
Reliance, Tatas may shell out more as bid bond for Tilaiya
ICICI, IL&FS, Kotak pick up 9.55% stake in MCX
Telecom 2G licence may cost Rs 10,000 cr

US joins spectrum war, tells India to take auction route
ITeS, BPOs lose sleep over high salary, not rising Re
Spanco headcount to rise 2,000 in a month
Stanchart gets RBI nod to acquire UTI Securities
Ranbaxy to share Fortis brand name with Dutch co
Investors flock to mid-cap counters

Godrej to enter TV market, plans solo show
RBI tightens norms on banks' mkt play
Indians are born entrepreneurs: Seshasayee
Here's someone who bet on India 12 years back
India Inc profits to grow by 20% in next five years
HSBC open to taking over Indian banks

J-Power Systems to form high voltage power cable joint venture plant in India
Punjab to become power surplus state
Indo Tech enters into agreement with EI Dupont
Citigroup to acquire 10.5% in Jindal Drilling for Rs 156 cr
Kalanithi Maran sells 2.79% stake in Sun TV for Rs 447 cr
VSNL renamed as Tata Communications

Small F&O stocks fall prey to smart operators
Religare Picks: HDIL, Adhunik Metaliks
Analysts' picks: Hindustan Unilever; Dish TV; Adani
Thomas Cook hits upper circuit
IVL among top five in south, targets six lakh new policies


-------------------------------------------

Source: http://economictimes.indiatimes.com/headlines.cms. 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.

Deadpresident.blogspot.Com Updates

http://www.deadpresident.blogspot.com
Dead Presidents! - India Equity Research


Sensex sheds 74 points
Trading Call
Nitin Fire Protection, NIIT Technologies, Shivvani...
Banking Sector
FIIs step up in buying
Post Market Commentary

Weekly Close: 20000 conquered but will it stay ?
Bulls feeling fatigued?
Weekly Trading Calls
Alembic, UTV Software, Vishal Retail, Shoppers Sto...
HDIL, Banking
Banking

Eveninger - Dec 14 2007
Green Book
Manaksia IPO Analysis
Precision Pipes and Profiles Company
Sensex, Nifty strike record high
Market to see volatility

20,000 level still holds good for Sensex
Market may move sideways
Market may come under pressure
Jubilant Organosys
Trading Calls
Market may remain choppy

Pre Market Watch
Morning Call
Morning Notes - Dec 14 2007
US Market manages a comeback in final hour
Grey Market - Precision Pipes, Porwal, Manaksia, A...

Brigade Enterprises IPO Allotment Status
Reliance Capital
Daily Trading Calls
No firm plans for weekend!
Daily Technicals - Dec 14 2007
Market Outlook - Dec 14 2007

City Union Bank
BHEL
S Kumars Nationwide
Crude eases partly
Precious metals register fall
Market may hit 21000 soon
Market Gossip

-------------------------------------
Source: Above Blog. 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.

Top B-Schools 2007: BusinessWorld

India’s Best B-Schools

BW’s survey of the best business schools in India is reassuring as well as surprising..

Top B-Schools: (in Pdf format)
Overall Rankings

Some things just do not change. Once again it’s the Indian Institute of Management (IIM), Ahmedabad that tops the BW-GfK Mode B-school Survey this year. Three other IIMs have made it to the top 10. IIM Bangalore has not been ranked because it did not share its placement data, along with data on some other sub-parameters, though it did send in its entry.The 2007 survey has thrown in a few surprises in the Top 10 as compared with the 2005 survey. Xavier Institute of Management (XIM), Bhubaneshwar and IMT Ghaziabad have slipped out of the Top 10. XIM is ranked 13th and IMT 12th this year.

The stunner this time was the Loyola Institute of Business Management, Chennai, which has made its way to the Top 20 for the first time. It shot up 15 ranks from 35 in 2005 to 20this year. Alliance Business Academy, Bangalore has shot up 10 ranks from 25 in 2005 to 15 this year. The Shailesh J Mehta School of Management, IIT Mumbai, which was ranked 13th in 2004, has slipped to the 18th rank this year.

While in the 2005 survey the IIMs collectively decided to stay away from all B-school surveys, this year the four IIMs and the Faculty of Management Studies (FMS), Delhi, which stayed away in 2005, participated.

Jamnalal Bajaj School of Management, Mumbai and Institute of Rural Management, Anand, which did not participate in the 2005 survey, stayed away this time as well. Other notable absentees include the Department of Management Studies, IIT Delhi, ICFAI Business School, Hyderabad and Mudra Institute of Communication, Anand. Fore School of Management, Delhi, which was in the Top 10 last time, too, decided to stay out of the survey.

This year’s survey, conducted by GfK-Mode Consumer Research, has some new features. We have always followed only a facility audit methodology. This year, to make the survey more comprehensive, an additional module has been incorporated — an employers’ perception audit. While the facility audit is still the core of the B-school ranking, this module supplements the main survey.

Click here for more stories on B-School survey
The facility audit comprises living experience, learning experience, placements, return on investment and international exposure. Each of these modules has a series of sub-modules. While two schools may end up with similar score in the facility audit, there is usually a huge difference in the ranking within the various parameters.

Living Experience / Learning Experience
Placement Experience / Return On Investment
International Exposure /Employers Who Have Visited And Rated The B-School
Employer's Perception /

More articles @ http://www.businessworld.in/content/section/5/27




Source: http://www.businessworld.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Myiris, Moneycontrol Updates

Myiris.com

Citi to pick 10.47% stake in Jindal Drilling for Rs 1.53 bn
Fitch upgrades Axis Bank`s ratings
Kaushalya Infra settles with 35.50% premium on NSE
Wrap Up: Market closes in negative

Brokers` Outlook: Market to trade within a range
Postal Life funds to enter stock markets
UTV Software acquires Indiagames
DIT receives investment proposal worth USD 25bn
ICICI Sec recommends `Hold` on Shiv-Vani Oil & Gas
Inflation at 3.75% on high prices of aviation turbine fuel , naphtha

Quintegra Solutions to float 2 new subsidaries
Sesa Goa looks at alliance for mining operations
Porwal Auto to tap capital market on Dec 17 via IPO route
Mercator Lines` arm lists on Singapore Stock Exchg
Simplex Infra to raise equity shares
Mittal looks at bidding for oil blocks in India
Parsvnath launches group housing project; eyes Rs 4.5 bn

JP Associates board okays USD 400 mn GDR issue
Cera Sanitaryware to consider issue of pref. warrants
Eicher CV sales up 2.5%
India`s jewellery exports surged by 9.72%
Atlanta buys property in Rajasthan for Rs 486 mn
HSBC Holdings buys `The Chinese Bank ` 14
Canara Bank hikes open offer price to Rs 63

Jet, Kingfisher take off for San Francisco
ONGC likely to strike natural gas in Orissa
Videocon may hive off energy biz into separate unit
Mold-Tek unlocks value by de-merger of KPO biz

----------------------------------------------------
Moneycontrol.COm

Sensex to see 22,600 by '08-end: UBS Sec
DSP ML sees avg earnings at 17% in 2 yrs
A prized midcap infra pick!
MRF Q4 net profit at Rs 60 cr
Penny stocks see buying interest with huge volumes
Expertspeak: Action is where midcaps are!

MF industry sees drop in inflows in 2007
Fin, steel, cement stocks to be key wealth creators: MOST
Mega land investment in Maharashtra
BGR Energy Systems IPO subscribed 120 times
Ispat Industries to set up iron ore unit in AP, stock up
Fund Action witnessed in stocks on 13th December, 2007

Why are global players ready to pay top $ for Indian funds?
Mahindra Holidays files IPO papers with Sebi
Lodha Group plans Rs 8,000-crore IPO
Kaushalya sees topline growth of 50% in FY09



Source: http://www.myiris.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.

Indians mind world's business : Sify India

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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