Slide show: The Tata legacy
Ratan Tata turned 70 today. On this occasion, we take you through a nostalgic journey of the Tata Group.
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Ratan Tata turned 70 today (December 28, 2007). On this occasion, we take you through a nostalgic journey of the Tata Group through the ages.
Ratan Tata was born to Soonoo & Naval Hormusji Tata on December 28, 1937. He was brought up their grandmother Lady Navajbai after his mother moved out following a troubled marriage. He studied at the Campion School in Mumbai. At the age of 15, he moved to the United States for further studies. He completed his graduation from Cornell University with a degree in Architecture and Structural Engineering. He has also completed a Advanced Management Program at Harvard Business School.
Despite his wealth, Tata always kept a low profile. During his stint in the US, Tata had no qualms in doing odd jobs, he even washed dishes! He joined the Tata Group in December 1962. In 1991, after more than 50 years at the helm, JRD Tata stepped down as the chairman of the Tata Group. Taking over from him was Ratan Tata, his nephew.
In 1998, Ratan Tata launched the Indica, which is India's first indigenously designed, developed and manufactured car. Pooh-poohed for getting into the passenger car segment, Ratan Tata turned the tables on the naysayers within a few years. Tata Motors' Indica and Indigo is two of the hottest selling cars in India.
Today, Tata is an indispensable part of the Tata group, striving for more glory year after year. If 2007 would be remembered for his acquisition of Corus, the biggest acquisition in the history of India Inc. He has also bid for Ford's marquee brands: Jaguar and Land Rover. His pet project -- the Rs 1 lakh People's Car -- likely to be launched in mid-2008 is also certain to shake up the Indian car industry.
Ratan Tata has also initiated the restructuring of the vast Tata empire to reduce hierarchy, focus on profitable operations, and increase efficiency. The group is managed through holding company Tata Sons, which controls the Tata brand.
The Tata Group comprises 98 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals.
Also read:
Ratan Tata: India's shining jewel
We never compromised on ethics: Tata
'The Rs 1-lakh car will not be a motorcycle with 4 wheels'
The man with steely resolve
What will be Tata's Rs 1-lakh car be like
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28 December 2007
NSE revises lot size for 106 securities: Business Line
The Hindu Business Line : NSE revises lot size for 106 securities
The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract.
Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
Source: www.thehindubusinessline.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 NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.
The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract.
List of new lot size http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm
Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.
Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.
Source: www.thehindubusinessline.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 mini derivative contracts from January : The Hindu
Sensex mini derivative contracts from
MUMBAI: The Bombay Stock Exchange (BSE) will launch Sensex mini derivative contracts from January 1, 2008, in a market lot of five.
“The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to Sensex, through Futures & Options,” stated the BSE in a press release.
The security symbol for Sensex mini contracts will be MSX. The contract is available for one, two and three months along with weekly options. The announcement came in immediately after SEBI allowed trading in mini contracts on index (BSE 30-share Sensex and NSE 50-share Nifty) with a minimum contract size of Rs. 1 lakh.
The SEBI board had proposed to introduce seven new derivative products based on the recommendations made by the SEBI Committee on Derivatives.
Source: http://www.hindu.com/2007/12/28/stories/2007122854191500.htm. 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.
MUMBAI: The Bombay Stock Exchange (BSE) will launch Sensex mini derivative contracts from January 1, 2008, in a market lot of five.
“The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to Sensex, through Futures & Options,” stated the BSE in a press release.
The security symbol for Sensex mini contracts will be MSX. The contract is available for one, two and three months along with weekly options. The announcement came in immediately after SEBI allowed trading in mini contracts on index (BSE 30-share Sensex and NSE 50-share Nifty) with a minimum contract size of Rs. 1 lakh.
The SEBI board had proposed to introduce seven new derivative products based on the recommendations made by the SEBI Committee on Derivatives.
Source: http://www.hindu.com/2007/12/28/stories/2007122854191500.htm. 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 rebounds from lower levels, ends : Sify India
Sensex rebounds from lower levels, ends
Large cap stocks generally moved in a tight range even as mid and smallcaps gained in strength on strong buying support today. The market, taking global cues, got off to a negative start and as key stocks drifted lower, the benchmark indices plunged sharply into the red in early trade. The US and Asian markets had tumbled following the assassination of Pakistan's former Prime Minister Benazir Bhutto.
However, amid a certain degree of volatility, a few blue chip stocks bounced back from lower levels and the Sensex rallied into the positive zone. But then, with participants staying wary of building up positions in front line stocks, the index moved in a tight range till a list past noon.
A couple of strong spells of selling in information technology, capital goods, telecom and auto stocks in afternoon trade sent the Sensex crashing below 20,050. Though the barometer rebounded from that level and settled at 20,206.95, it still ended the day in the negative zone, albeit with a very small loss of 9.77 points. The Nifty, which swung in an intra-day range of around 77 points, ended at 6079.70, well off a low of 6021.90, with a loss of 1.80 points.
Realty stocks had a firm outing today. Metal, PSU, FMCG, healthcare and consumer durables stocks too posted impressive gains. Oil and power stocks bounced back during the closing minutes and ended well off their lows. Information technology, bank, capital goods and auto stocks closed on a subdued note.
Reflecting investor interest in midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 1.55% and 2.16% respectively. The market breadth also remained quite positive today.
Out of 2953 stocks traded on BSE, 2262 stocks closed with gains. 665 stocks finished on the losing side and 26 stocks ended unchanged from their previous closing levels.
Realty major DLF moved up by 5.35% to Rs 1063.70 and topped the list of gainers from the Sensex pack. Tata Steel (2.8%), Ambuja Cements (2.75%), Grasim Industries (1.15%), Hindalco (1.15%), ITC (1.1%), Ranbaxy Laboratories (1%), Reliance Energy (up nearly a per cent) and BHEL (0.95%) closed on a firm note.
Mahindra & Mahindra, HDFC, NTPC and ACC also ended with notable gains. Hindustan Unilever, Reliance Communications, Reliance Industries and State Bank of India ended marginally higher than their previous closing levels.
Among the losers, software major Wipro ended lower by 3.5%. Bharti Airtel (down 2.65%), Bajaj Auto (down 2.3%), Tata Consultancy Services (down 1.8%), ICICI Bank (down 1.2%), ONGC (down 1.1%) and Maruti Suzuki (down 1.05%) also declined sharply.
Tata Motors and HDFC Bank ended lower by around 0.8%. Infosys Technologies, Satyam Computer Services, Cipla and Larsen & Toubro eased by 0.25% - 0.5%. Idea Cellular, Suzlon Energy, GlaxoSmithKline Pharma, GAIL India, Zee Entertainment, Dr. Reddy's Laboratories and Hero Honda declined sharply today.
Nalco, which opened on a negative note, bounced back strongly in afternoon trade and ended with a handsome gain of 4.4%. Unitech, HCL Technologies, Tata Power, SAIL and Sun Pharma moved up by 2% - 4%. Punjab National Bank, Reliance Petroleum, Cairn India and Sterlite Industries also finished with impressive gains.
Ramco Systems hit the upper circuit in morning trade and remained firmly locked till the end. BASF India, Orchid Chemicals, HMT, Parsvnath Developers, Aditya Birla Nuvo, Castrol India, Edelweiss Capital, Century Textiles, Alfa Laval, Nestle, Ingersoll Rand, Mirc Electronics, Bharat Electronics, HDIL, Bank of Baroda, Lanco Infratech and Jindal Steel closed with handsome gains.
Monsanto, SpiceJet, Gulf Oil Corporation, Bajaj Auto Finance, Gateway Distripark, Donear Industries, Patel Engineering, Blue Dart Express, Sundaram Fasteners, Tata Investment Corporation, Advanta, Havell's India, Ess Dee Aluminium, Hotel Leelaventure, Bayer Crop and Dishman Pharma were some of the major gainers from the midcap index.
Among smallcaps, Suraj Stainless, Org Informatics, LGB Brothers, GATI, Spentex Industries, Munjal Showa, Bajaj Electricals, Agro Tech Foods, Suraj Diamond, Transport Corporation of India, Unity Infraprojects, Whirlpool, Dolphin Offshore, Viceroy Hotels and Tantia Constructions flared up today.
JP Hydro (up 7.2%), Essar Oil (up 2.65%), Jindal Steel (up 5.9%) and RNRL (up 5.55%) surge on strong volumes. Transformers & Rectifiers (TRIL) made a strong debut today. The stock ended at Rs 736, a premium of around 58.3% to its issue price of Rs 465. Nearly 3.3 million shares were traded at the TRIL counter on NSE today.
Other Stories:
KEW Ind in talks with M&M
Electrosteel to issue warrants
SEBI approves Reliance Power's IPO
Inflation rate slips to 3.45 per cent
JSW Steel to invest in steel rolling JV in Georgia
Nikkei falls 11% in 2007, first down year in 5 yrs
Infosys Q3 results on January 11
BSE to launch mini contracts in derivative market
Dewan Housing surges on FII cap hike
‘Web 2.0'? What’s that?
Reliance Power: SEBI in favour of promoter contribution
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.
Large cap stocks generally moved in a tight range even as mid and smallcaps gained in strength on strong buying support today. The market, taking global cues, got off to a negative start and as key stocks drifted lower, the benchmark indices plunged sharply into the red in early trade. The US and Asian markets had tumbled following the assassination of Pakistan's former Prime Minister Benazir Bhutto.
However, amid a certain degree of volatility, a few blue chip stocks bounced back from lower levels and the Sensex rallied into the positive zone. But then, with participants staying wary of building up positions in front line stocks, the index moved in a tight range till a list past noon.
A couple of strong spells of selling in information technology, capital goods, telecom and auto stocks in afternoon trade sent the Sensex crashing below 20,050. Though the barometer rebounded from that level and settled at 20,206.95, it still ended the day in the negative zone, albeit with a very small loss of 9.77 points. The Nifty, which swung in an intra-day range of around 77 points, ended at 6079.70, well off a low of 6021.90, with a loss of 1.80 points.
Realty stocks had a firm outing today. Metal, PSU, FMCG, healthcare and consumer durables stocks too posted impressive gains. Oil and power stocks bounced back during the closing minutes and ended well off their lows. Information technology, bank, capital goods and auto stocks closed on a subdued note.
Reflecting investor interest in midcap and smallcap stocks, the Midcap and Smallcap indices ended stronger by 1.55% and 2.16% respectively. The market breadth also remained quite positive today.
Out of 2953 stocks traded on BSE, 2262 stocks closed with gains. 665 stocks finished on the losing side and 26 stocks ended unchanged from their previous closing levels.
Realty major DLF moved up by 5.35% to Rs 1063.70 and topped the list of gainers from the Sensex pack. Tata Steel (2.8%), Ambuja Cements (2.75%), Grasim Industries (1.15%), Hindalco (1.15%), ITC (1.1%), Ranbaxy Laboratories (1%), Reliance Energy (up nearly a per cent) and BHEL (0.95%) closed on a firm note.
Mahindra & Mahindra, HDFC, NTPC and ACC also ended with notable gains. Hindustan Unilever, Reliance Communications, Reliance Industries and State Bank of India ended marginally higher than their previous closing levels.
Among the losers, software major Wipro ended lower by 3.5%. Bharti Airtel (down 2.65%), Bajaj Auto (down 2.3%), Tata Consultancy Services (down 1.8%), ICICI Bank (down 1.2%), ONGC (down 1.1%) and Maruti Suzuki (down 1.05%) also declined sharply.
Tata Motors and HDFC Bank ended lower by around 0.8%. Infosys Technologies, Satyam Computer Services, Cipla and Larsen & Toubro eased by 0.25% - 0.5%. Idea Cellular, Suzlon Energy, GlaxoSmithKline Pharma, GAIL India, Zee Entertainment, Dr. Reddy's Laboratories and Hero Honda declined sharply today.
Nalco, which opened on a negative note, bounced back strongly in afternoon trade and ended with a handsome gain of 4.4%. Unitech, HCL Technologies, Tata Power, SAIL and Sun Pharma moved up by 2% - 4%. Punjab National Bank, Reliance Petroleum, Cairn India and Sterlite Industries also finished with impressive gains.
Ramco Systems hit the upper circuit in morning trade and remained firmly locked till the end. BASF India, Orchid Chemicals, HMT, Parsvnath Developers, Aditya Birla Nuvo, Castrol India, Edelweiss Capital, Century Textiles, Alfa Laval, Nestle, Ingersoll Rand, Mirc Electronics, Bharat Electronics, HDIL, Bank of Baroda, Lanco Infratech and Jindal Steel closed with handsome gains.
Monsanto, SpiceJet, Gulf Oil Corporation, Bajaj Auto Finance, Gateway Distripark, Donear Industries, Patel Engineering, Blue Dart Express, Sundaram Fasteners, Tata Investment Corporation, Advanta, Havell's India, Ess Dee Aluminium, Hotel Leelaventure, Bayer Crop and Dishman Pharma were some of the major gainers from the midcap index.
Among smallcaps, Suraj Stainless, Org Informatics, LGB Brothers, GATI, Spentex Industries, Munjal Showa, Bajaj Electricals, Agro Tech Foods, Suraj Diamond, Transport Corporation of India, Unity Infraprojects, Whirlpool, Dolphin Offshore, Viceroy Hotels and Tantia Constructions flared up today.
JP Hydro (up 7.2%), Essar Oil (up 2.65%), Jindal Steel (up 5.9%) and RNRL (up 5.55%) surge on strong volumes. Transformers & Rectifiers (TRIL) made a strong debut today. The stock ended at Rs 736, a premium of around 58.3% to its issue price of Rs 465. Nearly 3.3 million shares were traded at the TRIL counter on NSE today.
Other Stories:
KEW Ind in talks with M&M
Electrosteel to issue warrants
SEBI approves Reliance Power's IPO
Inflation rate slips to 3.45 per cent
JSW Steel to invest in steel rolling JV in Georgia
Nikkei falls 11% in 2007, first down year in 5 yrs
Infosys Q3 results on January 11
BSE to launch mini contracts in derivative market
Dewan Housing surges on FII cap hike
‘Web 2.0'? What’s that?
Reliance Power: SEBI in favour of promoter contribution
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.
27 December 2007
Economic Times Stories
http://economictimes.indiatimes.com/
Benazir Bhutto assassinated in suicide blast
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Forntliners end flat on Dec F&O expiry
GMR mulls listing of energy subsidiary
Global Broadcast plans stock split
Ahluwalia Contracts bags orders worth Rs 341 cr
Mutual Funds as long-term investment
SBI to invite expressions of interest from MNCs for non-life foray
PE investors may acquire 15% in Nahar Retail for Rs 120 cr
Banks wink at RBI diktat on sharing ATM networks
GAIL, Oil India eye cooperation in exploration, natural gas
Ageing rockers outshine newcomers in 2007
Ahluwalia Contracts bags orders worth Rs 341 cr
Reliance Retail eyes $5 to 5.5 bn turnover by 2011
Spice to sell telecom towers to Srei for over Rs 500 crore
Now, India tops list of top microfinance institutions
India fifth biggest market for Saudi exports
Bank of India to raise money via QIP
Equities to remain choppy ahead of F&O expiry; Global cues mixed
Why markets rally in last week of December?
Telecom shares may under-perform due to regulatory issues
Stocks to watch on Thursday
Brokerage Platter: Tata Metaliks, Mercator Lines, KPR Mill
NRI Om Malik among world's top 25 web celebrities
Kalindee Rail Nirman hits 20% upper circuit
Transformers & Rectifiers to list on Friday, eClerx on Monday
Smaller towns keep India on top in IT offshore world
Budget 2008: Government plans to levy service tax on amusement parks
Source: http://economictimes.indiatimes.com/. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Benazir Bhutto assassinated in suicide blast
----------------------------------------------------
Forntliners end flat on Dec F&O expiry
GMR mulls listing of energy subsidiary
Global Broadcast plans stock split
Ahluwalia Contracts bags orders worth Rs 341 cr
Mutual Funds as long-term investment
SBI to invite expressions of interest from MNCs for non-life foray
PE investors may acquire 15% in Nahar Retail for Rs 120 cr
Banks wink at RBI diktat on sharing ATM networks
GAIL, Oil India eye cooperation in exploration, natural gas
Ageing rockers outshine newcomers in 2007
Ahluwalia Contracts bags orders worth Rs 341 cr
Reliance Retail eyes $5 to 5.5 bn turnover by 2011
Spice to sell telecom towers to Srei for over Rs 500 crore
Now, India tops list of top microfinance institutions
India fifth biggest market for Saudi exports
Bank of India to raise money via QIP
Equities to remain choppy ahead of F&O expiry; Global cues mixed
Why markets rally in last week of December?
Telecom shares may under-perform due to regulatory issues
Stocks to watch on Thursday
Brokerage Platter: Tata Metaliks, Mercator Lines, KPR Mill
NRI Om Malik among world's top 25 web celebrities
Kalindee Rail Nirman hits 20% upper circuit
Transformers & Rectifiers to list on Friday, eClerx on Monday
Smaller towns keep India on top in IT offshore world
Budget 2008: Government plans to levy service tax on amusement parks
Source: http://economictimes.indiatimes.com/. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Moneycontrol, Myiris corporate stories
Moneycontrol.com
Benazir Bhutto assassinated!
-----------------------------------
CY07 drawing to a close; experts eyeing Q3FY08
See broking biz rev from next yr: Chola DBS
Future Cap IPO gets SEBI clearance: Sources
Household savings and mkts
What to include in your '08 wish list?
Bombay Rayon can give 40-50% returns
Pros and cons of SBI merger
Why some investors quit the market?
Indian IPO mkt ranks 7th in global mop-up
Auto, textiles, and sugar to do badly in Q3: ICICI Pru
REL & GMR Infra short-listed for Tuas Pwr bidding: Srcs
Stocks to watch: Nalco, GNFC, Mercator Lines
ONGC to raise USD 20 billion for global buys, stk up
Buy JSW Steel with the price target of Rs 1900
Marketwide rollover 66% versus 60%
Ahluwalia Contracts up on bagging order
Are brokerages over optimistic?
Re may break 33 levels in Q1: UBS
Markets end in green amid choppiness on F&O expiry day
Franklin Templeton Invt sees 15% Q1 Sens...
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Myiris.com
Brokers` Outlook: Market likely to trade in a range
MFs remain net buyers in equities worth Rs 7,425 mn on Dec. 26
FIIs remain net buyers in equities worth Rs 24,205 mn on Dec. 26
Transformers & Rectifiers to list on bourses on Dec. 28
NTPC inks pact to raise Rs 20 bn to fund capex
NMDC board approves bonus issue & stock split
Parsvnath to launch premium commercial project in Punjab
Telecom to ring half billion mark by 2010
SAIL on expansion ride; plans Rs 530 bn capex
Jindal Steel approves stock split
ICICI Direct rates Visa Steel as Outperformer
Suven Life Sciences gets product patent from US
Time Technoplast buys Bahrain-based battery maker
ONGC Videsh to acquire 40% stake in Venezuelan co.
Vivimed Labs likely to acquire German firm
VSNL sells 10% equity in its Sri Lankan arm (Update)
Videocon aims to generate 5000-MW power
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.
Benazir Bhutto assassinated!
-----------------------------------
CY07 drawing to a close; experts eyeing Q3FY08
See broking biz rev from next yr: Chola DBS
Future Cap IPO gets SEBI clearance: Sources
Household savings and mkts
What to include in your '08 wish list?
Bombay Rayon can give 40-50% returns
Pros and cons of SBI merger
Why some investors quit the market?
Indian IPO mkt ranks 7th in global mop-up
Auto, textiles, and sugar to do badly in Q3: ICICI Pru
REL & GMR Infra short-listed for Tuas Pwr bidding: Srcs
Stocks to watch: Nalco, GNFC, Mercator Lines
ONGC to raise USD 20 billion for global buys, stk up
Buy JSW Steel with the price target of Rs 1900
Marketwide rollover 66% versus 60%
Ahluwalia Contracts up on bagging order
Are brokerages over optimistic?
Re may break 33 levels in Q1: UBS
Markets end in green amid choppiness on F&O expiry day
Franklin Templeton Invt sees 15% Q1 Sens...
-----------------------------------------------------------
Myiris.com
Brokers` Outlook: Market likely to trade in a range
MFs remain net buyers in equities worth Rs 7,425 mn on Dec. 26
FIIs remain net buyers in equities worth Rs 24,205 mn on Dec. 26
Transformers & Rectifiers to list on bourses on Dec. 28
NTPC inks pact to raise Rs 20 bn to fund capex
NMDC board approves bonus issue & stock split
Parsvnath to launch premium commercial project in Punjab
Telecom to ring half billion mark by 2010
SAIL on expansion ride; plans Rs 530 bn capex
Jindal Steel approves stock split
ICICI Direct rates Visa Steel as Outperformer
Suven Life Sciences gets product patent from US
Time Technoplast buys Bahrain-based battery maker
ONGC Videsh to acquire 40% stake in Venezuelan co.
Vivimed Labs likely to acquire German firm
VSNL sells 10% equity in its Sri Lankan arm (Update)
Videocon aims to generate 5000-MW power
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.
Labels:
Moneycontrol,
Myiris Corporate Stories
5 states hold 60% of demat a/cs: Rediff India
5 states hold 60% of demat a/cs
The Indian equity market may be one of the best performers in terms of returns. However, the so-called equity cult is yet to spread in the country as the number of equity investors is just 1 per cent of the total population. To make matters worse, less than 40 per cent (37.66 per cent) of the investors are in Maharashtra and Gujarat. The rest of the citizens and most of the states and Union territories are not affected directly by either boom or bust in the stock market.
According to the data available from National Securities Depository (NSDL), the leading depository, nearly 62.8 per cent of the demat accounts are in the five states � Maharashtra, Gujarat, Delhi, Tamil Nadu and Karnataka.
As of September 2007, NSDL had 6.57 million demat accounts. Since then, one lakh new accounts are being opened monthly. Central Depository Services (CDSL), the other depository, has 3.5 million demat accounts as of date.The state-wise demat accounts data indicate the spread of equity cult in the country. Both NSDL and CDSL jointly have approximately 1.10 crore demat accounts, of which around two-thirds are with NSDL and the rest with CDSL.
Of the total demat accounts, the share of the five states is around 62 per cent. Maharashtra leads the number of demat accounts with 22 per cent share, followed by Gujarat with 18 per cent share. These are the only two states having more than a million accounts in NSDL.
The data reveal some more interesting but shocking facts. Demat accounts in Union territories are even less than 1,000. In 16 states and Union territories, demat accounts number less than 1 lakh.
Gujarat is considered to be the state with the highest number of investors. But if measured by the number of demat accounts, which is mandatory to invest in equities, Gujarat follows Maharashtra. In terms of incremental growth, Andhra Pradesh, Tamil Nadu and Karnataka have seen significant growth in demat accounts in the last two years. However, the growth in Gujarat and Maharashtra is negligible.
NSDL Managing Director C B Bhave said, "Because of the booming capital market, the number of demat accounts are also growing at a fast pace. Every month, on an average, 1 lakh demat accounts are being opened with NSDL."
According to Nikhil Daxini, executive director, business development, Angel Broking, "The main reasons for many states not participating in the equity market are lack of awareness, low level of income and education." Angel is one of the largest brokerage houses and has more than 7,000 terminals across the country.He said in Gujarat a majority of demat accounts were in Ahmedabad and Surat and in the Saurashtra region and the Kutch district.
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 Indian equity market may be one of the best performers in terms of returns. However, the so-called equity cult is yet to spread in the country as the number of equity investors is just 1 per cent of the total population. To make matters worse, less than 40 per cent (37.66 per cent) of the investors are in Maharashtra and Gujarat. The rest of the citizens and most of the states and Union territories are not affected directly by either boom or bust in the stock market.
According to the data available from National Securities Depository (NSDL), the leading depository, nearly 62.8 per cent of the demat accounts are in the five states � Maharashtra, Gujarat, Delhi, Tamil Nadu and Karnataka.
As of September 2007, NSDL had 6.57 million demat accounts. Since then, one lakh new accounts are being opened monthly. Central Depository Services (CDSL), the other depository, has 3.5 million demat accounts as of date.The state-wise demat accounts data indicate the spread of equity cult in the country. Both NSDL and CDSL jointly have approximately 1.10 crore demat accounts, of which around two-thirds are with NSDL and the rest with CDSL.
Of the total demat accounts, the share of the five states is around 62 per cent. Maharashtra leads the number of demat accounts with 22 per cent share, followed by Gujarat with 18 per cent share. These are the only two states having more than a million accounts in NSDL.
The data reveal some more interesting but shocking facts. Demat accounts in Union territories are even less than 1,000. In 16 states and Union territories, demat accounts number less than 1 lakh.
Gujarat is considered to be the state with the highest number of investors. But if measured by the number of demat accounts, which is mandatory to invest in equities, Gujarat follows Maharashtra. In terms of incremental growth, Andhra Pradesh, Tamil Nadu and Karnataka have seen significant growth in demat accounts in the last two years. However, the growth in Gujarat and Maharashtra is negligible.
NSDL Managing Director C B Bhave said, "Because of the booming capital market, the number of demat accounts are also growing at a fast pace. Every month, on an average, 1 lakh demat accounts are being opened with NSDL."
According to Nikhil Daxini, executive director, business development, Angel Broking, "The main reasons for many states not participating in the equity market are lack of awareness, low level of income and education." Angel is one of the largest brokerage houses and has more than 7,000 terminals across the country.He said in Gujarat a majority of demat accounts were in Ahmedabad and Surat and in the Saurashtra region and the Kutch district.
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.
Newsmakers of the year : Rediff.com
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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Other Rediff stories
Youngest Ashok Chakra winner
How to fill up your IPO application
RCom slaps legal notice on DoT
Investing money most profitably
5 states hold 60% of demat a/cs
Soon, cars may run on whisky
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 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
--------------------------------------
Other Rediff stories
Youngest Ashok Chakra winner
How to fill up your IPO application
RCom slaps legal notice on DoT
Investing money most profitably
5 states hold 60% of demat a/cs
Soon, cars may run on whisky
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.
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.
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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.
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