Newsmakers of the year
The Year That Was: 2007
Rediff looks back at the highs and lows, the successes and failures, the heroes and villains, the wild and the overblown that made this year.
More @ http://specials.rediff.com/yearend/2007/dec/03yend1.htm
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27 December 2007
Transformers and Rectifiers Lists on Dec 28: Moneycontrol.com
Transformers and Rectifiers to list on Dec 28
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times.
The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
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Transformers & Rectifiers likely to list above Rs 700
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
Experts told Moneycontrol.com that the stock is expected to list around Rs 700-750 and advised to hold for long term, if one has capacity.
According to R S Iyer of K R Choksey Securities, "Transformers is expected to list around Rs 600-700. The industry is doing well and will do well in future as well, so one, who has capacity, can hold for long term."
Manish Bhatt of Prabhudas Lilladher said, "Transformers may list with premium of Rs 300-350 over its offer price of Rs 465 per share. One should hold the stock with medium to long term view."
"The company is presently manufacturing transformers upto 220 kV class with an installed capacity of 7,200 MVA, through its two manufacturing facilities located near Ahmedabad. Now the company is setting up a new plant of 220 kV and 400 kV class with a capacity of 16,000 MVA per annum with an estimated expenditure of Rs 67 crore. The company is expected to list at a premium. In case of aggressive listing partial profits can be booked. Investors can also be invested in the company with a long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
"Transformers and Rectifiers is likely to list at Rs 760 as against its issue price of Rs 465. Profit booking is advised at these levels", Investment Advisor, S P Tulsian said.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
Source: 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.
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times.
The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
-----------------------------------------------------------------------------
Transformers & Rectifiers likely to list above Rs 700
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
Experts told Moneycontrol.com that the stock is expected to list around Rs 700-750 and advised to hold for long term, if one has capacity.
According to R S Iyer of K R Choksey Securities, "Transformers is expected to list around Rs 600-700. The industry is doing well and will do well in future as well, so one, who has capacity, can hold for long term."
Manish Bhatt of Prabhudas Lilladher said, "Transformers may list with premium of Rs 300-350 over its offer price of Rs 465 per share. One should hold the stock with medium to long term view."
"The company is presently manufacturing transformers upto 220 kV class with an installed capacity of 7,200 MVA, through its two manufacturing facilities located near Ahmedabad. Now the company is setting up a new plant of 220 kV and 400 kV class with a capacity of 16,000 MVA per annum with an estimated expenditure of Rs 67 crore. The company is expected to list at a premium. In case of aggressive listing partial profits can be booked. Investors can also be invested in the company with a long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
"Transformers and Rectifiers is likely to list at Rs 760 as against its issue price of Rs 465. Profit booking is advised at these levels", Investment Advisor, S P Tulsian said.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
Source: 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.
Influential tech gizmos : Sify Year-end special
Year-end special: Influential tech gizmos
The year 2007 was good for technology fans. Whether you were largely desktop bound or constantly on the go, this year's technology products went some way towards making your life easier, more fun or more productive. But a few stood out — not necessarily because they broke new ground but because it was clear that their influence would be felt well into the future. Whether you own one of these products or not, it's likely that their presence will have an impact on how you work or play in the year to come.
More @ http://sify.com/finance/fullstory.php?id=14576886
Source: 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 year 2007 was good for technology fans. Whether you were largely desktop bound or constantly on the go, this year's technology products went some way towards making your life easier, more fun or more productive. But a few stood out — not necessarily because they broke new ground but because it was clear that their influence would be felt well into the future. Whether you own one of these products or not, it's likely that their presence will have an impact on how you work or play in the year to come.
More @ http://sify.com/finance/fullstory.php?id=14576886
Source: 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.
Sensex, Nifty end with small gains : Sify Finance
Sensex, Nifty end with small gains
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run
The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.
As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.
All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.
Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.
Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.
Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.
Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.
Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.
Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.
Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.
Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.
Other Sify Stories
Blogger Malik among top 25 web celebs
The rise and rise of Indian investment in UK
Mid & small-cap stocks maintain momentum
MindTree Consulting buys TES
UTI MF to open 53 branches in next 3 months
L&T to invest Rs 1800 cr in oil & gas, port sectors
IDFC Q3 results on Jan 14
iGate Global Q3 results on Jan 9
Parsoli, Moneycontrol in pact for Islamic investment
Jindal Steel gets nod for stock split
PTL Enterprises to split each share into five
Time Technoplast unit buys Bahrain battery maker
A fair demand for bonus shares
Sundaram-Clayton to complete brakes biz demerger by Feb
Indowind issues Rs 118-cr FCCBs
No new entrants in top 10 advance taxpayers’ league
Source: 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.
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run
The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.
As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.
All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.
Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.
Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.
Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.
Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.
Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.
Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.
Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.
Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.
Other Sify Stories
Blogger Malik among top 25 web celebs
The rise and rise of Indian investment in UK
Mid & small-cap stocks maintain momentum
MindTree Consulting buys TES
UTI MF to open 53 branches in next 3 months
L&T to invest Rs 1800 cr in oil & gas, port sectors
IDFC Q3 results on Jan 14
iGate Global Q3 results on Jan 9
Parsoli, Moneycontrol in pact for Islamic investment
Jindal Steel gets nod for stock split
PTL Enterprises to split each share into five
Time Technoplast unit buys Bahrain battery maker
A fair demand for bonus shares
Sundaram-Clayton to complete brakes biz demerger by Feb
Indowind issues Rs 118-cr FCCBs
No new entrants in top 10 advance taxpayers’ league
Source: 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.
26 December 2007
ET Top Stories
http://economictimes.indiatimes.com/
Now, India tops list of top microfinance institutions
Sensex closes above 20,000
Govt earns $9.16 bn from tourism
India needs $150 bn investment in energy sector in 5 years
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Mukesh trails Anil in creating wealth for investors
Pride Hotels Group plans IPO in 2008
Media looks beyond content code, ad rates & sting ops
Religare Picks: Mercator Lines, KPR Mill
Rural India to spend $3.5 bn on consumer goods
UB group raises stake in Deccan Aviation by 3%
Spa, yoga adding value to Brand India
idream:: ET 2007 Year End Special Issue - Share your dreams with us
India set to mint money for neighbours
India Inc bets big in 2007
Sixty cars that will rock India in 2008
Beating India Inc in market game, PSUs also fought for turf
Videocon plans to generate 5,000 MW power
XL Telecom to enter into power generation
L&T gets orders worth $190 mn
Coal India plans Rs 4,500-cr unit in JV with UP power co
Spice to sell 875 telecom towers
----------------------------------------------------------
India Inc to have easier M&A ride
One-person company is a great prospect for lone entrepreneur
Nominations kick off for next SEBI chief
Stocks to buy: M&M, Jaiprakash Hydro, GMR Infra, TCL
World's top IPO worth $8-bn; India's total worth just $8.3-bn
2008: Newsmakers in the Financial sector
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.
Now, India tops list of top microfinance institutions
Sensex closes above 20,000
Govt earns $9.16 bn from tourism
India needs $150 bn investment in energy sector in 5 years
------------------------------------------------------------
Mukesh trails Anil in creating wealth for investors
Pride Hotels Group plans IPO in 2008
Media looks beyond content code, ad rates & sting ops
Religare Picks: Mercator Lines, KPR Mill
Rural India to spend $3.5 bn on consumer goods
UB group raises stake in Deccan Aviation by 3%
Spa, yoga adding value to Brand India
idream:: ET 2007 Year End Special Issue - Share your dreams with us
India set to mint money for neighbours
India Inc bets big in 2007
Sixty cars that will rock India in 2008
Beating India Inc in market game, PSUs also fought for turf
Videocon plans to generate 5,000 MW power
XL Telecom to enter into power generation
L&T gets orders worth $190 mn
Coal India plans Rs 4,500-cr unit in JV with UP power co
Spice to sell 875 telecom towers
----------------------------------------------------------
India Inc to have easier M&A ride
One-person company is a great prospect for lone entrepreneur
Nominations kick off for next SEBI chief
Stocks to buy: M&M, Jaiprakash Hydro, GMR Infra, TCL
World's top IPO worth $8-bn; India's total worth just $8.3-bn
2008: Newsmakers in the Financial sector
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.
Sensex among top performers in 2007
Sensex among top performers in 2007
India's BSE Sensex has been among the top performers in 2007. If we keep China’s Shanghai Composite aside, which has given a return of over 95%, India stands second with a return of 44% just below Jakarta which gave return of 47%. Brazil and Hang Seng gave smart returns of over 40% followed by Korea and Strait Times. Taiwan was almost flat and Nikkei 225 gave negative return of -11.43%.
Also Sensex has been consistent in and has given areturn of over 40% in the last three years. In 2005 it gave a return of over 42% and in 2006 it was up over 46%.
Source: 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.
India's BSE Sensex has been among the top performers in 2007. If we keep China’s Shanghai Composite aside, which has given a return of over 95%, India stands second with a return of 44% just below Jakarta which gave return of 47%. Brazil and Hang Seng gave smart returns of over 40% followed by Korea and Strait Times. Taiwan was almost flat and Nikkei 225 gave negative return of -11.43%.
Also Sensex has been consistent in and has given areturn of over 40% in the last three years. In 2005 it gave a return of over 42% and in 2006 it was up over 46%.
Source: 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.
Myiris, Moneycontrol UPdates
Myiris.com
Brokers` Outlook: Market view `bullish` for Thursday
VSNL sells 10% stake of its arm in Sri Lanka for Rs 75 mn
MFs remain net buyers in equities worth Rs 8,301 mn on Dec. 24
Escorts FY07 consolidated loss narrows to Rs 55.10 mn
Refex Refrigerants partners with TV 18
Power sector calls for USD 150 bn investment
Rain Commodities board to consider allotment of shares to Rain Calcining
L&T bags Rs 4.33 bn project of Muscat Golf Course
Mirae Asset to launch Asia Pacific Opportunities Fund
Videocon to foray into power biz; plans USD 5 bn investment
Foreign funds acquire 7.5% stake in India Cements
XL Telecom to enter into power generation segment
Gemini bags order worth Rs 2.6 bn
Usher Agro to raise Rs 1 bn from equity placement
Sun TV launches FM station at Vijayawada
IDFC PE invests Rs 2.6 bn in Goodearth Maritime
Sujana Towers to invest Rs 2.5 bn for growth
SAIL to invest Rs 200 bn in WB
ONGC-Mittal JV wins 2 gas blocks
Gujarat NRE buys Australia-based mine
---------------------------------------------------
Moneycontrol.com
Jan to be good month for mkts, feel experts
Midcap stocks you shouldn't ignore!
Experts still optimistic about IT stocks
Franklin Templeton sees 15% Q1 Sensex growth
How have sectors fared in X’mas–New Yr wk?
Sectoral gainers in last 4 sessions
What to include in your '08 wish list?
Buy Pidilite Industries: Bhambwani
Record flows by FIIs; over $16 bn in...
BoI looks to dilute 5% via QIP
Dabur to foray into milk and fruit-based drinks
Motilal Oswal ranked as having Best Country Research
Indowind Energy completes USD 30mn FCCB
Post-Feb, new disclosure norms for MF holders
Sensex among top performers in 2007
Source: 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.
Brokers` Outlook: Market view `bullish` for Thursday
VSNL sells 10% stake of its arm in Sri Lanka for Rs 75 mn
MFs remain net buyers in equities worth Rs 8,301 mn on Dec. 24
Escorts FY07 consolidated loss narrows to Rs 55.10 mn
Refex Refrigerants partners with TV 18
Power sector calls for USD 150 bn investment
Rain Commodities board to consider allotment of shares to Rain Calcining
L&T bags Rs 4.33 bn project of Muscat Golf Course
Mirae Asset to launch Asia Pacific Opportunities Fund
Videocon to foray into power biz; plans USD 5 bn investment
Foreign funds acquire 7.5% stake in India Cements
XL Telecom to enter into power generation segment
Gemini bags order worth Rs 2.6 bn
Usher Agro to raise Rs 1 bn from equity placement
Sun TV launches FM station at Vijayawada
IDFC PE invests Rs 2.6 bn in Goodearth Maritime
Sujana Towers to invest Rs 2.5 bn for growth
SAIL to invest Rs 200 bn in WB
ONGC-Mittal JV wins 2 gas blocks
Gujarat NRE buys Australia-based mine
---------------------------------------------------
Moneycontrol.com
Jan to be good month for mkts, feel experts
Midcap stocks you shouldn't ignore!
Experts still optimistic about IT stocks
Franklin Templeton sees 15% Q1 Sensex growth
How have sectors fared in X’mas–New Yr wk?
Sectoral gainers in last 4 sessions
What to include in your '08 wish list?
Buy Pidilite Industries: Bhambwani
Record flows by FIIs; over $16 bn in...
BoI looks to dilute 5% via QIP
Dabur to foray into milk and fruit-based drinks
Motilal Oswal ranked as having Best Country Research
Indowind Energy completes USD 30mn FCCB
Post-Feb, new disclosure norms for MF holders
Sensex among top performers in 2007
Source: 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.
IPOs: India 5th largest market
IPOs: India 5th largest market
Rediff India
Indian bourses saw over $8 billion worth of initial public offers in 2007, but this is just a shade higher than the world's single-largest IPO that was brought by a Russian company, latest data show.
The worldwide IPO activity raised a record capital of $255 billion till November in 2007, including $8.3 billion on Indian bourses, according to data compiled by international consultancy firm Ernst and Young.
India was the fifth largest market in terms of number of IPOs and seventh largest in terms of the proceeds for the year, E&Y said.
There were 95 IPOs in the first 11 months, while the preliminary data for the month of December shows that the total number for the year would be more than 100, it noted. China came tops with total IPO proceeds of $54.4 billion through 222 issues.
Globally, there were as many as 1,739 IPOs between January and November, while another 91 public issues are estimated to have hit the capital markets during December. The largest IPO of the year came from Russia's VTB Bank, which alone raised $8 billion.
In India, the largest IPO of the year was brought by realty giant DLF which raised about Rs 9,187.50 crore (more than $2 billion).
E&Y said the strength of India's economy, stock market, corporate profits and private equity fuelled IPOs in 2007. In the previous year, the market had seen 78 IPOs raising $7.23 billion.
The study said 14 of the top 20 IPOs were from emerging BRIC markets and the surge in Indian IPO activity was a clear reflection of the growth in the Indian economy and the investor's confidence.
Together, the four BRIC countries -- Brazil, Russia, India and China -- have raised $106.5 billion in 382 deals so far this year compared to $89.6 billion raised in 302 deals in the same period of 2006.
Asia-Pacific accounted for 46 per cent of the worldwide IPO league, ahead of Europe, the Middle East, and Africa (EMEA) which together accounted for 35 per cent and North America with 14 per cent.
EMEA and Asia-Pacific have the greatest market share of capital raised with 38 per cent and 32 per cent, respectively, eclipsing North America (16 per cent) and Central and South America (14 per cent).
Despite accounting for only 4 per cent of the total number of IPOs so far this year, HKSE was the leading exchange by capital raised, attracting a 13 per cent market share, mainly due to having some of the year's largest listings, including China CITIC Bank and China Railway.
NYSE was ranked second in terms of capital raised (11 per cent), attracting 3.6 per cent of total listings driven by a number of large US deals, including Blackstone Group and MF Global.
Although only 2 per cent of IPOs through November listed on LSE, it attracted 10 per cent of the capital raised, mainly through a few large Russian deals, including VTB Bank and Pik Group.
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Rediff India
Indian bourses saw over $8 billion worth of initial public offers in 2007, but this is just a shade higher than the world's single-largest IPO that was brought by a Russian company, latest data show.
The worldwide IPO activity raised a record capital of $255 billion till November in 2007, including $8.3 billion on Indian bourses, according to data compiled by international consultancy firm Ernst and Young.
India was the fifth largest market in terms of number of IPOs and seventh largest in terms of the proceeds for the year, E&Y said.
There were 95 IPOs in the first 11 months, while the preliminary data for the month of December shows that the total number for the year would be more than 100, it noted. China came tops with total IPO proceeds of $54.4 billion through 222 issues.
Globally, there were as many as 1,739 IPOs between January and November, while another 91 public issues are estimated to have hit the capital markets during December. The largest IPO of the year came from Russia's VTB Bank, which alone raised $8 billion.
In India, the largest IPO of the year was brought by realty giant DLF which raised about Rs 9,187.50 crore (more than $2 billion).
E&Y said the strength of India's economy, stock market, corporate profits and private equity fuelled IPOs in 2007. In the previous year, the market had seen 78 IPOs raising $7.23 billion.
The study said 14 of the top 20 IPOs were from emerging BRIC markets and the surge in Indian IPO activity was a clear reflection of the growth in the Indian economy and the investor's confidence.
Together, the four BRIC countries -- Brazil, Russia, India and China -- have raised $106.5 billion in 382 deals so far this year compared to $89.6 billion raised in 302 deals in the same period of 2006.
Asia-Pacific accounted for 46 per cent of the worldwide IPO league, ahead of Europe, the Middle East, and Africa (EMEA) which together accounted for 35 per cent and North America with 14 per cent.
EMEA and Asia-Pacific have the greatest market share of capital raised with 38 per cent and 32 per cent, respectively, eclipsing North America (16 per cent) and Central and South America (14 per cent).
Despite accounting for only 4 per cent of the total number of IPOs so far this year, HKSE was the leading exchange by capital raised, attracting a 13 per cent market share, mainly due to having some of the year's largest listings, including China CITIC Bank and China Railway.
NYSE was ranked second in terms of capital raised (11 per cent), attracting 3.6 per cent of total listings driven by a number of large US deals, including Blackstone Group and MF Global.
Although only 2 per cent of IPOs through November listed on LSE, it attracted 10 per cent of the capital raised, mainly through a few large Russian deals, including VTB Bank and Pik Group.
Other Rediff stories
5 trends that will transform society
Business highlights 2007
Inter-bank ATM use may be free
B-schools don't make CEOs
Source: 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.
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IPOs: India 5th largest market
Biz Newsmakers 2007 : Rediff India
Biz Newsmakers 2007
The year India Inc made it big.
Fantastic is the only way one could describe what 2007 has been like for Ratan Naval Tata, the chairman of Tata Group.
He led India's largest corporate house to the nation's biggest overseas acquisition on January 31, when Tata Steel -- after a long drawn battle -- pipped Brazil's CSN to acquire Anglo-Dutch steelmaker Corus for $13.2 billion. The merger created the fifth largest steel producing entity in the world.
Tata's brainchild, the Rs 1 lakh People's Car (which will be unveiled in New Delhi on January 10, 2008), was one of the most hotly discussed and debated issues of 2007. And while the Tatas get ready to launch the car in the Indian markets, the company has gone ahead and bid $2.05 billion to buy out British marquees Jaguar and Land Rover from Ford. Reports indicate that the Tatas have emerged as the preferred bidder for the two iconic brands of Ford Motors.
Also, during 2007, Tata firm Indian Hotels bought the Ritz-Carlton, Boston, while Tata Coffee acquired the US coffee chain Eight O'Clock.
The Tata Group was also named the world's third most accountable and transparent company in 2007 by Britain's One World Trust. Tata beat Coca-Cola, HSBC, PriceWaterCooopers and Google, when measured on the parameters of transparency and accountable leadership among global companies.
The annual Global Accountability Report also considered Tata Group at number 10, among the world's 30 most powerful organisations from the inter-governmental, non-governmental and corporate sector, to be accountable to civil society, affected communities and wider public.
More on this story @ Biz Newsmakers 2007
Have you checked out our Year-end Specials?
Source: 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.
The year India Inc made it big.
Fantastic is the only way one could describe what 2007 has been like for Ratan Naval Tata, the chairman of Tata Group.
He led India's largest corporate house to the nation's biggest overseas acquisition on January 31, when Tata Steel -- after a long drawn battle -- pipped Brazil's CSN to acquire Anglo-Dutch steelmaker Corus for $13.2 billion. The merger created the fifth largest steel producing entity in the world.
Tata's brainchild, the Rs 1 lakh People's Car (which will be unveiled in New Delhi on January 10, 2008), was one of the most hotly discussed and debated issues of 2007. And while the Tatas get ready to launch the car in the Indian markets, the company has gone ahead and bid $2.05 billion to buy out British marquees Jaguar and Land Rover from Ford. Reports indicate that the Tatas have emerged as the preferred bidder for the two iconic brands of Ford Motors.
Also, during 2007, Tata firm Indian Hotels bought the Ritz-Carlton, Boston, while Tata Coffee acquired the US coffee chain Eight O'Clock.
The Tata Group was also named the world's third most accountable and transparent company in 2007 by Britain's One World Trust. Tata beat Coca-Cola, HSBC, PriceWaterCooopers and Google, when measured on the parameters of transparency and accountable leadership among global companies.
The annual Global Accountability Report also considered Tata Group at number 10, among the world's 30 most powerful organisations from the inter-governmental, non-governmental and corporate sector, to be accountable to civil society, affected communities and wider public.
More on this story @ Biz Newsmakers 2007
Have you checked out our Year-end Specials?
Source: 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.
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