www.Rediff.com
Why criticism of the Rs 1-lakh car is wrong
To tax the small car 'like crazy' until an efficient mass transit system is in place is highly short-sighted.
• 10 tech trends that will shape 2008
• No tax benefit on gifts given to kin
• How safe are the Indian skies?
• How to be a good sole superpower
• What you would like to buy in 2008
• OIL chief on investment plans
• FM to start pre-bud talks on Jan 7
• Rise of Asia is a global good
• Beating the property gloom
• E-tax payment may be compulsory
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http://deadpresident.blogspot.com
Reliance Power IPO Part Payment Details
Reliance Power IPO Allotment, Listing
Rakesh Jhunjhunwala Picks for 2008 ?
Weekly Close: Is 20k here to stay??
Reliance Power IPO
Sensex garners 480 points
Dish TV sells stake
Manaksia IPO Listing
Sensex scales new peak
Market pares gains in late trade
Post Market Commentary
Grey Market - Future Capital , Reliance Power, Aries Agro
News Snippets - Jan 4 2008
NTPC
Stream-line your portfolio
Gremach Infra, Ganesh Housing
FDI in Media to be increased
Mukesh v Anil Ambani
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This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
04 January 2008
Reliance Power IPO Stories
'Grey' record by Reliance Power
Within few days of getting clearance from SEBI, Reliance Power's initial public offering (IPO) has created a new record in the Indian grey markets. A Rs 1 lakh application form of the IPO is fetching a price of over Rs 9,000 per form. This is considerably higher than the previous record-making price of Rs 7000 per form set by Adani group's Mundra Port & SEZ IPO a couple of months back.
Over 1 lakh shares are being traded daily in the grey markets even before the IPO's dates have been announced. According to grey market operators, currently the stock was being traded at a premium of around Rs 425 per share on Thursday, higher than the Rs 395-400 price a day before.
The IPO, which is expected to open on January 15, 2008 and closing on January 18, 2008, is being priced in the range of Rs 415-Rs450. For Rs 1 lakh application form, the rates are over Rs 9000 for fully paid-up shares and over Rs 6000 for partly-paid up shares.
The trading in grey market started couple of days back with premium quoted at Rs 340-350. Since the IPO dates were not announced, the volume was low on opening, but after the recent announcement of issue opening and price range, the volume has picked up substantially. SEBI had cleared Rel Power's issue on December 28, 2007 with a condition that 20 per cent of the promoters capital should be locked-in for a period of five years instead of normal lock-in period of three years.
Reliance Power Ltd, which is Anil Dhirubhai Ambani Group (ADAG) promoted company, was created as a separate company from Reliance Energy Ltd (REL) to handle the power generation business of the group. The company has 12 power projects under development with a total estimated cost of Rs95,591 crore. It recently won the 4000 MW ultramega power project (UMPP) at Krishnapatnam in Andhra Pradesh after having bagged the contract for another UMPP in Sasan, Madhya Pradesh.
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R-Power IPO: You can pay in phases
MUMBAI: Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO. Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
Special: Powered by Reliance
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750. This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18. The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO '4/5', an indication that the fundamentals of the issue are above average.
-------------------------------------------------------------
Other Stories
Retail investors get discount in Rel Power IPO
Reliance Power to be listed in early Feb
Grey mart: Rs 1L in Rel Power IPO will earn 9% in 20 days
Power cos plan to raise $10 bn from primary market & pre-IPO placements
Source: http://economictimes.indiatimes.com and 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.
Within few days of getting clearance from SEBI, Reliance Power's initial public offering (IPO) has created a new record in the Indian grey markets. A Rs 1 lakh application form of the IPO is fetching a price of over Rs 9,000 per form. This is considerably higher than the previous record-making price of Rs 7000 per form set by Adani group's Mundra Port & SEZ IPO a couple of months back.
Over 1 lakh shares are being traded daily in the grey markets even before the IPO's dates have been announced. According to grey market operators, currently the stock was being traded at a premium of around Rs 425 per share on Thursday, higher than the Rs 395-400 price a day before.
The IPO, which is expected to open on January 15, 2008 and closing on January 18, 2008, is being priced in the range of Rs 415-Rs450. For Rs 1 lakh application form, the rates are over Rs 9000 for fully paid-up shares and over Rs 6000 for partly-paid up shares.
The trading in grey market started couple of days back with premium quoted at Rs 340-350. Since the IPO dates were not announced, the volume was low on opening, but after the recent announcement of issue opening and price range, the volume has picked up substantially. SEBI had cleared Rel Power's issue on December 28, 2007 with a condition that 20 per cent of the promoters capital should be locked-in for a period of five years instead of normal lock-in period of three years.
Reliance Power Ltd, which is Anil Dhirubhai Ambani Group (ADAG) promoted company, was created as a separate company from Reliance Energy Ltd (REL) to handle the power generation business of the group. The company has 12 power projects under development with a total estimated cost of Rs95,591 crore. It recently won the 4000 MW ultramega power project (UMPP) at Krishnapatnam in Andhra Pradesh after having bagged the contract for another UMPP in Sasan, Madhya Pradesh.
-----------------------------------------------------------------
R-Power IPO: You can pay in phases
MUMBAI: Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO. Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
Special: Powered by Reliance
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750. This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18. The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO '4/5', an indication that the fundamentals of the issue are above average.
-------------------------------------------------------------
Other Stories
Retail investors get discount in Rel Power IPO
Reliance Power to be listed in early Feb
Grey mart: Rs 1L in Rel Power IPO will earn 9% in 20 days
Power cos plan to raise $10 bn from primary market & pre-IPO placements
Source: http://economictimes.indiatimes.com and 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 vaults 342 pts; Nifty ends 96 pts up
Sensex vaults 342 pts; Nifty ends 96 pts up
Reliance pulls Sensex to record close
Shrugging off weak US and Japanese markets, the bulls entered the ring this morning, got equities off to a firm start and then, stepped up momentum in style as the session progressed. Though a bit selective with regard to the broad market, they proved relentless in their pursuit for key stocks from oil, banking, capital goods, FMCG and metal sectors. Gains posted by key stocks from these sectors were so strong that the benchmark indices Sensex and Nifty went on to scale new peaks this afternoon.
Information technology stocks had another disappointing outing with the rupee's surge forcing the investors out of the counters. Auto stocks, barring a select few, found the going tough. Pharma and consumer durables stocks turned subdued after a fairly positive start. Buying remained stock specific in power, PSU and realty sectors.
The Sensex, which opened marginally higher at 20,367.94, crossed new milestones in a hurry and hit a lifetime high of 20,762.80 in late afternoon trade before finally settling down at 20,686.89 with a massive gain of 341.69 points or 1.68%. The Nifty posted a new high at 6300.05 and ended at 6274.30, around 1.55% or 95.75 points higher than its previous closing mark.
Profit-taking saw several smallcap stocks losing sheen. Midcaps fared relatively better. The market breadth, which remained strong till a little past mid-afternoon, turned almost neutral as the session drew to a close. Out of 2922 stocks traded on BSE today, 1479 stocks closed with gains. 1422 stocks ended on a losing note and 21 stocks finished at their previous closing levels.
ICICI Bank, which emerged as the biggest gainer from the Sensex pack, ended stronger by 4.7% at Rs 1285.35. Larsen & Toubro surged 4.5% to Rs 4244.40. Hindustan Unilever, Reliance Communications and Hindalco gained 3.8%, 3.65% and 3.45% respectivley. ONGC notched up a gain of 2.9%.
Reliance Industries, which played a significant role in lifting the market to new highs today, ended with a handsome gain of 2.9% at Rs 2985.85. ITC and DLF moved up by around 2.35% to Rs 219.55 and Rs 1112.50 respectively. HDFC advanced by 2.2% to Rs 3111.50 and BHEL gained 1.35%.
Ranbaxy Laboratories, Tata Steel, Wipro and Bajaj Auto finished with marginal gains. HDFC Bank opened well but failed to retain gains and settled just above its previous closing price.
Among the losers from the Sensex, NTPC eased by 1.75% to Rs 271.75. Mahindra & Mahindra, Cipla, Ambuja Cements, Tata Consultancy Services, Tata Motors, Maruti Suzuki and Infosys Technologies lost 1% - 1.5%. Satyam Computer Services ended nearly a per cent down. ACC eased by 0.45%. Reliance Energy, Grasim Industries and State Bank of India finished with small losses while Bharti Airtel settled lower by less than a rupee.
Reliance Petroleum, Sterlite Industries, Siemens, Dr. Reddy's Laboratories, Idea Cellular, Tata Power, HCL Technologies, GlaxoSmithKline Pharma, SAIL and Suzlon Energy ended with strong gains. Sun Pharmaceuticals, Nalco, Hero Honda, BPCL and Zee Entertainment closed with sharp losses.
Punjab Tractors zoomed 29.5% to Rs 351.50. Hinduja Ventures closed with a big gain of 13.55%. Parsvnath Developers, EIH Limited, Bombay Dyeing, Orchid Chemicals and Aditya Birla Nuvo moved up by 6% - 10%. IPCA Laboratories, Engineers India, HMT, National Fertilizers, Rashtriya Chemicals & Fertilizers, Sun TV Network, SKF India and Colgate Palmolive also ended on a high note.
Adlabs Films, Bajaj Auto Finance, Torrent Power, Panacea Biotech, Monsanto, Himatsingka Seide, Shopper's Stop, Bajaj Hindustan, NDTV, Praj Industries, Gujarat Petronet, Advanta, Jyoti Structures and Essar Shipping were among the other major gainers from the midcap index.
Hindustan Motors gained over 20% on strong volumes. With a turnover of around Rs 346.72 crore on a volume of nearly 43 million on the National Stock Exchange, it was among the most actively traded stocks today. RNRL (3.95%) and Jaiprakash Associates (3.35%) also moved up on hefty volumes.
Other Sify Stories
RIL, HPCL to run sugar mills
Batliboi to issue shares
BHEL bags order from Azerbaijan
Risk-free returns in choppy markets
Jaguar-LR: Tatas in driver's seat
FM wants banks to cut lending rates
Ramsarup Industries at new high on order win
Exide Industries Q3 results on Jan 14
Gateway Distriparks to raise up to Rs 300 cr
Inflation rate rises to 3.50%
Bank of Baroda sees FY08 net profit up 25%
Bank of Maharashtra sees Oct-March net up 40%
Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Reliance pulls Sensex to record close
Shrugging off weak US and Japanese markets, the bulls entered the ring this morning, got equities off to a firm start and then, stepped up momentum in style as the session progressed. Though a bit selective with regard to the broad market, they proved relentless in their pursuit for key stocks from oil, banking, capital goods, FMCG and metal sectors. Gains posted by key stocks from these sectors were so strong that the benchmark indices Sensex and Nifty went on to scale new peaks this afternoon.
Information technology stocks had another disappointing outing with the rupee's surge forcing the investors out of the counters. Auto stocks, barring a select few, found the going tough. Pharma and consumer durables stocks turned subdued after a fairly positive start. Buying remained stock specific in power, PSU and realty sectors.
The Sensex, which opened marginally higher at 20,367.94, crossed new milestones in a hurry and hit a lifetime high of 20,762.80 in late afternoon trade before finally settling down at 20,686.89 with a massive gain of 341.69 points or 1.68%. The Nifty posted a new high at 6300.05 and ended at 6274.30, around 1.55% or 95.75 points higher than its previous closing mark.
Profit-taking saw several smallcap stocks losing sheen. Midcaps fared relatively better. The market breadth, which remained strong till a little past mid-afternoon, turned almost neutral as the session drew to a close. Out of 2922 stocks traded on BSE today, 1479 stocks closed with gains. 1422 stocks ended on a losing note and 21 stocks finished at their previous closing levels.
ICICI Bank, which emerged as the biggest gainer from the Sensex pack, ended stronger by 4.7% at Rs 1285.35. Larsen & Toubro surged 4.5% to Rs 4244.40. Hindustan Unilever, Reliance Communications and Hindalco gained 3.8%, 3.65% and 3.45% respectivley. ONGC notched up a gain of 2.9%.
Reliance Industries, which played a significant role in lifting the market to new highs today, ended with a handsome gain of 2.9% at Rs 2985.85. ITC and DLF moved up by around 2.35% to Rs 219.55 and Rs 1112.50 respectively. HDFC advanced by 2.2% to Rs 3111.50 and BHEL gained 1.35%.
Ranbaxy Laboratories, Tata Steel, Wipro and Bajaj Auto finished with marginal gains. HDFC Bank opened well but failed to retain gains and settled just above its previous closing price.
Among the losers from the Sensex, NTPC eased by 1.75% to Rs 271.75. Mahindra & Mahindra, Cipla, Ambuja Cements, Tata Consultancy Services, Tata Motors, Maruti Suzuki and Infosys Technologies lost 1% - 1.5%. Satyam Computer Services ended nearly a per cent down. ACC eased by 0.45%. Reliance Energy, Grasim Industries and State Bank of India finished with small losses while Bharti Airtel settled lower by less than a rupee.
Reliance Petroleum, Sterlite Industries, Siemens, Dr. Reddy's Laboratories, Idea Cellular, Tata Power, HCL Technologies, GlaxoSmithKline Pharma, SAIL and Suzlon Energy ended with strong gains. Sun Pharmaceuticals, Nalco, Hero Honda, BPCL and Zee Entertainment closed with sharp losses.
Punjab Tractors zoomed 29.5% to Rs 351.50. Hinduja Ventures closed with a big gain of 13.55%. Parsvnath Developers, EIH Limited, Bombay Dyeing, Orchid Chemicals and Aditya Birla Nuvo moved up by 6% - 10%. IPCA Laboratories, Engineers India, HMT, National Fertilizers, Rashtriya Chemicals & Fertilizers, Sun TV Network, SKF India and Colgate Palmolive also ended on a high note.
Adlabs Films, Bajaj Auto Finance, Torrent Power, Panacea Biotech, Monsanto, Himatsingka Seide, Shopper's Stop, Bajaj Hindustan, NDTV, Praj Industries, Gujarat Petronet, Advanta, Jyoti Structures and Essar Shipping were among the other major gainers from the midcap index.
Hindustan Motors gained over 20% on strong volumes. With a turnover of around Rs 346.72 crore on a volume of nearly 43 million on the National Stock Exchange, it was among the most actively traded stocks today. RNRL (3.95%) and Jaiprakash Associates (3.35%) also moved up on hefty volumes.
Other Sify Stories
RIL, HPCL to run sugar mills
Batliboi to issue shares
BHEL bags order from Azerbaijan
Risk-free returns in choppy markets
Jaguar-LR: Tatas in driver's seat
FM wants banks to cut lending rates
Ramsarup Industries at new high on order win
Exide Industries Q3 results on Jan 14
Gateway Distriparks to raise up to Rs 300 cr
Inflation rate rises to 3.50%
Bank of Baroda sees FY08 net profit up 25%
Bank of Maharashtra sees Oct-March net up 40%
Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
03 January 2008
ET Top Stories
http://economictimes.indiatimes.com/
Tata, SAIL form equal JV for coal blocks
Hindujas, ONGC lead $20 bn investment in Iran, India
Indian stock markets third best performing in the world
Govt to remove cap on number of partners in partnership cos
Allow 74% FDI in mobile TV, auction licence: TRAI
Ford names Tata as preferred bidder for Jaguar, Land Rover
Indiabulls Wholesale buys 43.92% stake in Piramyd Retail
HPCL, Reliance among bidders for Bihar sugar mills
Promote juniors to check attrition at BPOs
Gold zooms, crosses Rs 11,000 mark
PSU's outperform pvt sector firms
Re stronger by 4 paise against dollar
Sensex loses 120 points
Cement shares hit by TN govt's threat
Audi A6 to get cheaper by up to Rs 2.1 lakh
Rajesh Exports sees FY08 net profit at Rs 200 crore
Laterals begin with record Rs 40-lakh offer at IIM-Kozhikode
India emerges as global centre for animators
Stocks to watch on Thursday
Power, energy shares outperform in choppy trade
Indian stock markets third best performing in the world
R-Power IPO: You can pay in phases
UTI Asset overtakes ICICI Pru as No. 2
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.
Tata, SAIL form equal JV for coal blocks
Hindujas, ONGC lead $20 bn investment in Iran, India
Indian stock markets third best performing in the world
Govt to remove cap on number of partners in partnership cos
Allow 74% FDI in mobile TV, auction licence: TRAI
Ford names Tata as preferred bidder for Jaguar, Land Rover
Indiabulls Wholesale buys 43.92% stake in Piramyd Retail
HPCL, Reliance among bidders for Bihar sugar mills
Promote juniors to check attrition at BPOs
Gold zooms, crosses Rs 11,000 mark
PSU's outperform pvt sector firms
Re stronger by 4 paise against dollar
Sensex loses 120 points
Cement shares hit by TN govt's threat
Audi A6 to get cheaper by up to Rs 2.1 lakh
Rajesh Exports sees FY08 net profit at Rs 200 crore
Laterals begin with record Rs 40-lakh offer at IIM-Kozhikode
India emerges as global centre for animators
Stocks to watch on Thursday
Power, energy shares outperform in choppy trade
Indian stock markets third best performing in the world
R-Power IPO: You can pay in phases
UTI Asset overtakes ICICI Pru as No. 2
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.
Top executives make crores by encashing stock options : ET
Top executives make crores by encashing stock options
Forget year-end bonuses. India Inc’s professionals have capitalised on the market boom to make some serious money in the last quarter of 2007. With the market at record levels, several big shots encashed crores by selling part of their stock options in the last three months.
While several of them pulled out a few lakhs, some big shots including Vineet Nayyar of Tech Mahindra, HDFC’s Deepak Parekh and Renu Karnad, AM Naik and VK Magapu of L&T and PB Kashyap of Ambuja Cement have grossed crores in the run-up to the new year. The biggest gainer was Tech Mahindra MD Vineet Nayyar, who encashed Rs 23 crore last week.
The head of the outsourcing firm which went public in 2006 is still sitting on a neat pile. Given the outstanding shares in his name, Mr Nayyar currently owns Tech Mahindra shares worth a little over Rs 140 crore, which would place him among the best compensated chief executives in the country. Among other well-known names, HDFC's Deepak Parekh and Renu Karnad sold shares worth Rs 9.3 crore each in mid-December. They had earlier sold shares worth about Rs 5 crore each in late September. And that’s not all.
The current value of the shares that Ms Karnad holds adds up to Rs 45.45 crore or more than $11 million, while that of Mr Parekh stands at Rs 60 crore or about $15 million. Some of the other board members of HDFC also encashed a part of their holdings. For instance, SB Patel has encashed about Rs 1.38 crore at the fag end of October, while NM Munjee, an independent director in HDFC and currently chairman of Development Credit Bank, encashed about Rs 92 lakh through multiple transactions over the last eight weeks. It's not just the service sector companies whose top execs have hit bull’s eye.
Take engineering and construction giant Larsen & Toubro (L&T), which has been facing succession issues. The company, which had to extend the retirement age of its top management, including its chairman and managing director, has created quite a few millionaires. L&T chairman and managing director AM Naik sold shares worth Rs 8.6 crore between end of October and early November.
Among others, whole-time director VK Magapu encashed Rs 8.5 crore while RN Mukhija and KV Ramaswami pulled out approximately Rs 87 lakh and Rs 84 lakh respectively.
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.
Forget year-end bonuses. India Inc’s professionals have capitalised on the market boom to make some serious money in the last quarter of 2007. With the market at record levels, several big shots encashed crores by selling part of their stock options in the last three months.
While several of them pulled out a few lakhs, some big shots including Vineet Nayyar of Tech Mahindra, HDFC’s Deepak Parekh and Renu Karnad, AM Naik and VK Magapu of L&T and PB Kashyap of Ambuja Cement have grossed crores in the run-up to the new year. The biggest gainer was Tech Mahindra MD Vineet Nayyar, who encashed Rs 23 crore last week.
The head of the outsourcing firm which went public in 2006 is still sitting on a neat pile. Given the outstanding shares in his name, Mr Nayyar currently owns Tech Mahindra shares worth a little over Rs 140 crore, which would place him among the best compensated chief executives in the country. Among other well-known names, HDFC's Deepak Parekh and Renu Karnad sold shares worth Rs 9.3 crore each in mid-December. They had earlier sold shares worth about Rs 5 crore each in late September. And that’s not all.
The current value of the shares that Ms Karnad holds adds up to Rs 45.45 crore or more than $11 million, while that of Mr Parekh stands at Rs 60 crore or about $15 million. Some of the other board members of HDFC also encashed a part of their holdings. For instance, SB Patel has encashed about Rs 1.38 crore at the fag end of October, while NM Munjee, an independent director in HDFC and currently chairman of Development Credit Bank, encashed about Rs 92 lakh through multiple transactions over the last eight weeks. It's not just the service sector companies whose top execs have hit bull’s eye.
Take engineering and construction giant Larsen & Toubro (L&T), which has been facing succession issues. The company, which had to extend the retirement age of its top management, including its chairman and managing director, has created quite a few millionaires. L&T chairman and managing director AM Naik sold shares worth Rs 8.6 crore between end of October and early November.
Among others, whole-time director VK Magapu encashed Rs 8.5 crore while RN Mukhija and KV Ramaswami pulled out approximately Rs 87 lakh and Rs 84 lakh respectively.
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.
India's top businesswomen : ET
India's top businesswomen
Chanda KoccharExecutive Director, ICICI BankMs Chanda Kochhar joined ICICI as a Management Trainee in 1984. She heads the Corporate Centre of the Bank, is the Chief Financial Officer (CFO) and is also the official spokesperson for ICICI Bank.
Her responsibilities include the global treasury, principal investments & trading, risk management and legal functions. Also responsible for day-to-day guidance and administrative matters. She did her Masters in Management Studies from the Jamnalal Bajaj Institute of Management Studies, Mumbai where she topped her batch and received the Wockhardt Gold Medal for Excellence in Management Studies.Ms Kochhar was born on November 17, 1961, in Jodhpur, Rajasthan. Presently, she resides in Mumbai and is married and has a daughter and a son.
More List @ http://economictimes.indiatimes.com/quickiearticleshow/2639132.cms
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.
Chanda KoccharExecutive Director, ICICI BankMs Chanda Kochhar joined ICICI as a Management Trainee in 1984. She heads the Corporate Centre of the Bank, is the Chief Financial Officer (CFO) and is also the official spokesperson for ICICI Bank.
Her responsibilities include the global treasury, principal investments & trading, risk management and legal functions. Also responsible for day-to-day guidance and administrative matters. She did her Masters in Management Studies from the Jamnalal Bajaj Institute of Management Studies, Mumbai where she topped her batch and received the Wockhardt Gold Medal for Excellence in Management Studies.Ms Kochhar was born on November 17, 1961, in Jodhpur, Rajasthan. Presently, she resides in Mumbai and is married and has a daughter and a son.
More List @ http://economictimes.indiatimes.com/quickiearticleshow/2639132.cms
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.
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India's top businesswomen : ET
Moneycontrol, Myiris Updates
Moneycontrol.com
Indian valuations can get re-rated like China: ICICI Pru
Mkts in midst of structural bull-run: Edelweiss
Ford to focus on detailed talks with Tata Motors
Fuel price hike not the only option: Murli Deora
Outlook ahead: IT, banking, power
Burnpur Vs BGR: Which one made you richer?
Quiet day of trading despite global weakness
Immediate focus on excess cap inflows: Reddy
BoB may divest 12.5% stake in UTI AMC IPO
TN govt threatens to nationalise cem cos
Stellar Listing for BGR Energy Systems IPO
Deutsche Bank expects 25 bps Fed cut in Jan
-------------------------------------------
Myiris.com
FIIs turn net sellers in equities worth Rs 2,445 mn on Jan. 2
Indo Asian Fusegear starts new Switchgear plant
Jindal Saw secures orders worth USD 250 mn
SAIL & Tata Steel forms JV for coal mining in India
Brokers Outlook: Volatility to continue
GM Breweries Q3 net jumps 86.02%
Tulip IT Services secures project worth Rs 577.2 mn
Reliance MF launches Natural Resource Fund
Parsvnath to to set up Pharma SEZ in Nanded
Equity funds outperform in 2007
Genus Power secures Rs 1.25 bn order
GVK Power gets orders worth Rs 1.25 bn
SAIL Q3 results on Jan 29
Jindal Steel gets Bolivian Govt.`s approval for steel plant
Celestial Labs net dips 45.55% for Dec`07 qtr
Supreme Infra. bags Rs 720 mn order from TMC
IOC may tie up with Peerless to sell financial products
MTNL may get pan-India mobile licence
Source: Above blogs/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.
Indian valuations can get re-rated like China: ICICI Pru
Mkts in midst of structural bull-run: Edelweiss
Ford to focus on detailed talks with Tata Motors
Fuel price hike not the only option: Murli Deora
Outlook ahead: IT, banking, power
Burnpur Vs BGR: Which one made you richer?
Quiet day of trading despite global weakness
Immediate focus on excess cap inflows: Reddy
BoB may divest 12.5% stake in UTI AMC IPO
TN govt threatens to nationalise cem cos
Stellar Listing for BGR Energy Systems IPO
Deutsche Bank expects 25 bps Fed cut in Jan
-------------------------------------------
Myiris.com
FIIs turn net sellers in equities worth Rs 2,445 mn on Jan. 2
Indo Asian Fusegear starts new Switchgear plant
Jindal Saw secures orders worth USD 250 mn
SAIL & Tata Steel forms JV for coal mining in India
Brokers Outlook: Volatility to continue
GM Breweries Q3 net jumps 86.02%
Tulip IT Services secures project worth Rs 577.2 mn
Reliance MF launches Natural Resource Fund
Parsvnath to to set up Pharma SEZ in Nanded
Equity funds outperform in 2007
Genus Power secures Rs 1.25 bn order
GVK Power gets orders worth Rs 1.25 bn
SAIL Q3 results on Jan 29
Jindal Steel gets Bolivian Govt.`s approval for steel plant
Celestial Labs net dips 45.55% for Dec`07 qtr
Supreme Infra. bags Rs 720 mn order from TMC
IOC may tie up with Peerless to sell financial products
MTNL may get pan-India mobile licence
Source: Above blogs/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.
CoolAvenues Top Job alerts
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Finance Executive : Big 92.7 FM
http://www.coolavenues.com/jobs/1207_1_1511.php
Research Specialist : A Leading Pan-European Investment House http://www.coolavenues.com/jobs/1207_1_1502.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Debt Dealer : A Leading AMC in India http://www.coolavenues.com/jobs/1207_1_1504.php
Information Research Analyst : 100% Subsidiary of a Leading Bank http://www.coolavenues.com/jobs/1207_1_1521.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Manager - Business Planning & Analysis : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1527.php
VP / Sr. VP - Emerging Corporates : A Leading Private Sector Bank http://www.coolavenues.com/jobs/1207_1_1526.php
AVP - Finance : Largest Electronic Channel http://www.coolavenues.com/jobs/1207_1_1528.php
Relationship Manager - Banc Assurance : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1538.php
Associate Manager - Corporate Sales : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1539.php
Business Manager : A Leading Global Investment Bank http://www.coolavenues.com/jobs/1207_1_1544.php
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Operations Management
General Manager - OOH Division (Big Street) : Big 92.7 FM http://www.coolavenues.com/jobs/1207_1_1513.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Team Leader - Operations : A Leading Bank http://www.coolavenues.com/jobs/1207_1_1519.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Head / VP - Manufacturing (India) - Plastic Packaging (Blow & Injection) : One of the Top-3 Global Giants in Plastic Packaging / Processing http://www.coolavenues.com/jobs/1207_1_1541.php
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Finance / Banking Positions
Associate / Sr. Associate / AVP / VP - Private Equity : A Leading Global Private Equity http://www.coolavenues.com/jobs/1207_1_1482.php
Senior Manager : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1483.php
Associate : A Leading KPO http://www.coolavenues.com/jobs/1207_1_1484.php
Multiple Openings in Asset Reconstruction : One of the Leading Fortune 500 Investment Banks http://www.coolavenues.com/jobs/1207_1_1485.php
Opening in Internal Audit : A Leading Global Fortune 500 Company http://www.coolavenues.com/jobs/1207_1_1486.php
Source: www.Coolavenues.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.
Finance / Banking Positions
Finance Executive : Big 92.7 FM
http://www.coolavenues.com/jobs/1207_1_1511.php
Research Specialist : A Leading Pan-European Investment House http://www.coolavenues.com/jobs/1207_1_1502.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Debt Dealer : A Leading AMC in India http://www.coolavenues.com/jobs/1207_1_1504.php
Information Research Analyst : 100% Subsidiary of a Leading Bank http://www.coolavenues.com/jobs/1207_1_1521.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Manager - Business Planning & Analysis : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1527.php
VP / Sr. VP - Emerging Corporates : A Leading Private Sector Bank http://www.coolavenues.com/jobs/1207_1_1526.php
AVP - Finance : Largest Electronic Channel http://www.coolavenues.com/jobs/1207_1_1528.php
Relationship Manager - Banc Assurance : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1538.php
Associate Manager - Corporate Sales : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1539.php
Business Manager : A Leading Global Investment Bank http://www.coolavenues.com/jobs/1207_1_1544.php
---------------------------------------------------------
Operations Management
General Manager - OOH Division (Big Street) : Big 92.7 FM http://www.coolavenues.com/jobs/1207_1_1513.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Team Leader - Operations : A Leading Bank http://www.coolavenues.com/jobs/1207_1_1519.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Head / VP - Manufacturing (India) - Plastic Packaging (Blow & Injection) : One of the Top-3 Global Giants in Plastic Packaging / Processing http://www.coolavenues.com/jobs/1207_1_1541.php
---------------------------------------------------------
Finance / Banking Positions
Associate / Sr. Associate / AVP / VP - Private Equity : A Leading Global Private Equity http://www.coolavenues.com/jobs/1207_1_1482.php
Senior Manager : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1483.php
Associate : A Leading KPO http://www.coolavenues.com/jobs/1207_1_1484.php
Multiple Openings in Asset Reconstruction : One of the Leading Fortune 500 Investment Banks http://www.coolavenues.com/jobs/1207_1_1485.php
Opening in Internal Audit : A Leading Global Fortune 500 Company http://www.coolavenues.com/jobs/1207_1_1486.php
Source: www.Coolavenues.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.
Deadpresident and other Blog Updates
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Free Job Listing & PR Listing
Analysts Meet - Reliance Power
NSE Burnpur Deals
Market Close: Global weakness weighs
Nifty January 2008 futures at discount
BGR Energy Systems - rewards investors well
Burnpur Cement - the stunner
Nucleus Software Exports
India IT, HPCL, IOC, Castrol, Colgate, Automobiles
Post Market Commentary - Jan 3 2008
Sensex dips on US recession fears
Market drifts lower
HDFC Real Estate PMS
Balaji Telefilms
Mindtree Consulting
Oil worries may drag market
Grey Market - Future Capital, Reliance Power
Lower start, raise your standard
Reliance Power - Part Payment Option
Ahluwalia Contracts India
REITs - Positive for Real Estate
Q3FY2008 IT Earnings Preview
NSE Bulk Deal Watch - Jan 3 2008
India best performing markets
Precious metals glitter
Crude at $100
Reliance Energy - the story
Reliance Power - the biggest IPO to hit the market...
Best Regional Investors in India
-----------------------------------------------------------------------
http://freestocktips-2007.blogspot.com/
Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd
Corporation Ltd.Industry:Air Conditioners
Recommendation:Performer
MOre @ Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd Corporation Ltd.
----------------------------------------------
Company:Bayer Cropscience Ltd.
Industry:Pesticides/Agro Chemicals
Recommendation:Performer
More @ Bayer Cropscience Ltd Stock Report
------------------------------------------------
Source: Above blogs/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.
Free Job Listing & PR Listing
Analysts Meet - Reliance Power
NSE Burnpur Deals
Market Close: Global weakness weighs
Nifty January 2008 futures at discount
BGR Energy Systems - rewards investors well
Burnpur Cement - the stunner
Nucleus Software Exports
India IT, HPCL, IOC, Castrol, Colgate, Automobiles
Post Market Commentary - Jan 3 2008
Sensex dips on US recession fears
Market drifts lower
HDFC Real Estate PMS
Balaji Telefilms
Mindtree Consulting
Oil worries may drag market
Grey Market - Future Capital, Reliance Power
Lower start, raise your standard
Reliance Power - Part Payment Option
Ahluwalia Contracts India
REITs - Positive for Real Estate
Q3FY2008 IT Earnings Preview
NSE Bulk Deal Watch - Jan 3 2008
India best performing markets
Precious metals glitter
Crude at $100
Reliance Energy - the story
Reliance Power - the biggest IPO to hit the market...
Best Regional Investors in India
-----------------------------------------------------------------------
http://freestocktips-2007.blogspot.com/
Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd
Corporation Ltd.Industry:Air Conditioners
Recommendation:Performer
MOre @ Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd Corporation Ltd.
----------------------------------------------
Company:Bayer Cropscience Ltd.
Industry:Pesticides/Agro Chemicals
Recommendation:Performer
More @ Bayer Cropscience Ltd Stock Report
------------------------------------------------
Source: Above blogs/sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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