Sify, Myiris, Rediff Stories

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Rights issue mop-up hits new high at Rs 14,000 cr in 2007
Indian Bank Q3 net up 61.45% at Rs 307.50 cr
Elecon Engg gets orders worth Rs 15.7 cr
'Instead of Autos we will buy Nano'
Demat accounts see a surge in Oct-Dec 2007

Big Nano effect: 15m households as prospective car buyers
Rel Power grey prices fall
BoB to enlarge foreign footprint
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Rediff.com

Ratan Tata, the ugly duckling
How the Rs 1-lakh car was made
Is your fund house opportunistic?
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Myiris.com

Cords Cable Industries IPO to open on Jan 21
Porwal Auto Components to list on bourses on Jan 14
Sun TV arm inks pact with SAMTL for 6.98% stake in SAFL
Centre announces 10-yr IT holiday for industrial park devps
SEBI recommends 3-year index options

Future Group scouting for buys in food and fashion retail space
Kirloskar Pneumatic to start roadrailer manufacturing
NALCO inks deal with Indonesia for smelter project



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Weekly wrap up: Market ends mix

Weekly wrap up: Market ends mix

Indian benchmark index, Sensex gained marginally in the week ended Jan. 11 2008, helped by foreign inflows and some build-up of positions ahead of the results season. Whereas, broad based Nifty shows reverse trend. Except banking and realty, all other sectoral stocks fell during the week. Mid-cap and small-cap shares were corrected sharply.

The 30 share index, Sensex added 140.56 points, or 0.68%, to 20,827.45 in the week ended Jan. 11, 2008, whereas the broad based NSE Nifty fell 74.2 points, or 1.18%, to 6,200.1 in the same period. The mid-cap index lost 6.67%, while the small-cap index plunged 8.57% over the week. Only gainers in sectoral indices were BSE Bankex index gained 4.82% and Realty index gained 1.48%. Major losers include, Metal index declined 7.62%, Consumer durable index lost 8.22%, IT index plunged 4.36%, Auto Index fell 4.83% and Health Care index declined 4.80% over the week. Overseas investors were net buyers in equities worth Rs 6.16 billion in the period of January 7 to 10. As per the provisional figures, overseas investors bought net of Rs 1.07 billion worth equities on January 11. On the other hand, Indian mutual funds were net sellers in equities to the tune Rs 1.12 billion in the period of January 7 to 10.

Major Corporate Developments

Shares climbed after Tata Motors introduced much awaited Rs 1-lakh car named as `NANO` at the Auto Expo in the capital. The car will be launched in India later in 2008.

Infosys Technologies, India`s second largest software exporter, registered a 25.20% growth in consolidated earnings in quarter ended December 07 to Rs 12.31 billion on Y-o-Y basis. In the same period, consolidated revenue grew 16.90% to Rs 42.71 billion on Y-o-Y basis.

Shares of ICICI Bank, the second largest lender in India, touched a record after the company announced plans to list four divisions to select investors. Leading engineering and construction major, Larsen & Toubro announced the company bagged various new projects worth over Rs 35 billion.

Jaiprakash Hydro Power, a part of the Jaypee Group, disclosed a phenomenal jump of 2.78 times in net profits for the quarter ended in December 2007 to Rs 69.40 million from Rs 25 million in the quarter ended December 2006.

Inflation

The whole-sale price index based inflation for the week ended Dec. 29, 2007 remained unaltered from its previous week`s level of 3.50%.

IIP at 5.3%

Growth in India`s industrial production (IIP) plunged to 5.3% in November this fiscal from 15.8% in the same period last year following a huge decline in the manufacturing sector.



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

ET Top Stories

http://economictimes.indiatimes.com/


Cognizant, Infosys eye IT deal from Wal-Mart
ET exclusive: Ratan Tata on the dream car
D-Street Preview: Reliance Power IPO to lend market stability

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Infosys Technologies skips rupee, mortgage woes
Designer Girish Wagh: The man who shaped Tata Nano
Ratan Tata Interview I Nano in Pics I Auto Expo in Pics

AI IPO likely in 2nd half of 08:Patel
Big stocks put mkt back in bull zone
Nano to cut ownership cost of entry level car by 30%: CRISIL
Tata Nano: Thin margins worry dealers
Tata Nano a hit with middle class even before launch

Nasscom, ICICI arm join for Rs 100-cr VC fund
Unitech units get letters of intent for 22 circles
Will Finance Minister opt for tax rate rejig?
UTI Asset Management readies $500 mn IPO
Emaar MGF gets nod to float IPO; plans to raise Rs 7,000 cr
Air India IPO likely in second half of '08: Patel

Bharat Ratna for Vajpayee
Sir Edmund Hillary: A true hero
Main features of the new tax relief


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

Myiris, Moneycontrol, Rediff Stories

Myiris.com





Brokers`outlook: Heavyweights to remain in action on Monday

Bharati Shipyard eyes European acquisition

Kotak Mahindra to foray into infra financing

Videocon gets `Letter of Intent` from DoT



Aries Agro lists at 15% premium at BSE

IIP at 5.3% in Nov`07 (update)

Sanwaria Agro net zooms 3.05 times in Dec`07 qtr

Industrial output at 5.3% in Nov`07



Educomp arm inks MoU with IIT Chennai

Inflation steady at 3.5% (update)

Precision Pipes settles at 11.10% discount at NSE

Air India IPO may hit market by second half of 2008



Pyramid Saimira`s F&B division forays into Kerala

Fortis Healthcare to form JV with Emaar MGF

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Moneycontrol.com



Mkt ends near day's high amid volatility: Bankex up 4%
Should you still hold on to your Infy stock?
Rate cut likely if RBI doesn't hike CRR: HDFC
Indian economy growing at 10%: KV Kamath

Midcaps, smallcaps lose sheen
How are brokerages evaluating Future Cap?
UTI AMC files IPO papers with SEBI

Yahoo! India introduces driving directions,community search
Buy Mercator Lines, tgt Rs 255: PINC
Future Capital Holdings IPO subscribed 2.4x
Aries Agro sees FY09 sales at Rs 150 cr
Precision Pipes ends below issue price
Aries Agro surges 101% on day one
How are brokerages valuing Future capital IPO
Precision Pipes pegs 09 revenues at Rs 80 cr,


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Rediff.com

Ratan Tata on the Nano Tata Nano: Up close!
Infosys Q3 net up 25% at Rs 1,231 crore
Mittal, Sarin named in UK's Power 100 list
Images: These cars may soon be in India!
Green light for Reliance Power IPO
Tata Nano: Complete Coverage


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.

Results: JP Hydro, Tata Metaliks etc

Tata Metaliks Q3 net profit at Rs 15.8 cr
11th-Jan-2008

Tata Metaliks has announced its third quarter numbers. It has posted net profit of Rs 15.8 crore for the quarter ended December 2007 as against loss of Rs 1 crore in same quarter of previous year. Net sales stood at Rs 272 crore versus Rs 150 crore.

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JP Hydro Q3 net profit up at Rs 6.94 cr
11th-Jan-2008

JP Hydro has announced its Q3 results. Its standalone net sales was down at Rs 43.24 crore versus Rs 49.51 crore, YoY.

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Jaiprakash Hydro Q3 net profit up 178% 11 Jan, 2008, 1645 hrs IST

Jaiprakash Hydro Power’s October-December net profit rose 178 per cent to Rs 6.94 crore compared with Rs 2.50 crore in the same quarter of the previous year.

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Tata Metaliks Q3 net profit Rs 15.86 crore 11 Jan, 2008, 1715 hrs IST


Tata Metaliks reported a net profit of Rs 15.86 crore for the quarter ended December 31, 2007, against a net loss of Rs 1.12 crore in the same quarter of the previous year.
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Infosys consolidated net up 25% for Dec`07 qtr
Motilal Oswal posts net profit at Rs 547.50 mn in Dec`07 qtr

Sanwaria Agro net zooms 3.05 times in Dec`07 qtr
Tata Metaliks swings to profit in Q3; shares plunge
Jaiprakash Hydro`s net climbs 2.77 times in Dec`07 qtr


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Results Calender


Aban Offshore 12-Jan-08

Chemfab Alkalie 12-Jan-08

Era Constructio 12-Jan-08

Geojit Financia 12-Jan-08

Hb Stockhol 12-Jan-08

Indian Bank 12-Jan-08

Jaiprakash Asso 12-Jan-08

Jay BharatMarut 12-Jan-08

Kavveri Telecom 12-Jan-08

Pioneer Distill 12-Jan-08

Sintex India 12-Jan-08

Torrent Cables 12-Jan-08

Uma Petroproduc 12-Jan-08



Source: Myiris.com, Economic Times, Indiaearnings.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.

Infosys Q3 Beats Street Expectations

Infosys standalone Q3 net profit up 10.42pc QoQ


MUMBAI: Infosys Technologies has reported a standalone net profit of Rs 1,186 crore for the third quarter ended December 31, 2007, up 10.42 per cent from Rs 1,074 crore in the quarter ended September. Net sales for the October-December quarter is Rs 3,999 crore against Rs 3,862 crore for the quarter ended September, a quarter on quarter rise of 3.54 per cent.

On consolidated basis, net profit for the quarter ended December is Rs 1,231 crore against Rs 1,100 crore for the September quarter. This represents a growth of 11.9 per cent sequentially. Net sales for the quarter is Rs 4,271 crore against Rs 4,106 crore for the quarter ended September, a growth of 4.01 per cent. In the nine months April-December, Infosys crossed $3 billion in revenues and for the full year ended March 31, 2008 it expects revenue to grow 20 per cent.

Infosys in Pics
Infosys records 62% revenue from North America
Infosys says macro environment challenging


$26-million payout
Infy settles 'overtime' issue with California employees
Q3 net up at Rs 1,231 cr Revenue guidance
Infy Q3 fails to lift IT shares; BSE IT Index ends down 1%
Stocks to watch Heard on street


Source: www.theeconomictimes.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.

Mittal, Arun Sarin in UK's 'Power 100' list

Mittal, Arun Sarin in UK's 'Power 100' list


Two India-born British entrepreneurs -- steel czar Lakshmi Mittal and telecom tycoon Arun Sarin -- have been named among the 100 most powerful people in the UK business in a list compiled by the Times daily in London.

Mittal, who heads the world's largest steelmaker ArcelorMittal, has been ranked sixth in the annual 'Power 100' list of men and women holding sway over British business, while Vodafone CEO Sarin is at the 38th position.

The two have been ranked ahead of names like Richard Branson of airline-to-music conglomerate Virgin Group, lifestyle retail entrepreneur Philip Green and Diageo Chief Paul Walsh.

Win Bischoff, who was named Chairman of the world's largest bank Citigroup late last year, has topped the list as Britain's most powerful business leader. Branson has been ranked 92nd, while Walsh and Green are at 86th and 91st positions respectively.

The Times said that Mittal, ranked sixth on the Power 100 list and one of the richest men in the UK, "is a prime example of how the industrial and commercial revolutions of China and, in his case, India are being felt in the established bastions of capitalism".

"He shows the power of development and trade, as opposed to aid. He has channelled vast sums into charities, notably tsunami relief and the Labour Party. He has a stake in the West London football club Queens Park Rangers, joining Bernie Ecclestone and Flavio Briatore, the Italian businessman, as a joint owner."

The report noted that Mittal set a world record in 2004 when he purchased a private house for 70 million pounds in Kensington Palace Gardens, West London. He also spent 30 million pounds in the same year on the wedding of his daughter, which included hiring cost for Palace of Versailles.

About Sarin, the daily noted that Vodafone CEO has steered the mobile phone company "back from the slough it found itself in after the dot-com crash that prompted a 75 per cent fall in the share price". Sarin had joined Vodafone in 1999 when the UK telecom giant acquired AirTouch, the US mobile business.

• Check out our Yearender Special

After heading Vodafone's American business for some time, he became a non-executive director and moved to the top job in 2003. Sarin, 53, had left India in 1975 to "study engineering at Berkeley but ended up at business school." He was recently chosen by Gordon Brown to join his council of business advisers.

Others on the list include Britain's largest company BP's CEO Tony Hayward (ranked 2nd), private equity major Permira Chairman Damon Buffini (3rd), Vodafone Chairman John Bond (4th) and Cynthia Carroll (5th), who became the first female and first non-South African head of mining giant Anglo American Plc.

Bank of England's Governor and Monetary Policy Committee Chairman Mervyn King has been ranked seventh, followed by retail major Tesco CEO, Terry Leahy; HSBC Chairman, Stephen Green; and Royal Bank of Scotland CEO Fred Goodwin in top 10.

Others on the list include Alistair Darling (11th), private equity firm Terra Firma's Founder and CEO Guy Hands (12th), Barclays President Bob Diamond (13th), News Corp's Europe and Asia head James Murdoch (14th), GlaxoSmithKline [Get Quote] CEO J P Garnier (15th), London Stock Exchange CEO Clara Furse (16th), Marks and Spencer CEO Stuart Rose (18th), BO Chairman Peter Sutherland (26th) and Barclays CEO John Varley (28th).



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Sensex gains 245 pts at close: SIfy

Sensex gains 245 pts at close
Sensex ends 245 pts higher as bears
Sensex gains 245 points at closing


After a buoyant start, the market turned listless soon thereafter and remained that way for a long time this afternoon. Blue chip stocks, with the exception of a select few like ICICI Bank, Reliance Industries, Tata Motors and to a lesser extent State Bank of India and NTPC, were seen struggling to make a headway as participants appeared keen on lightening commitments at every noticeable rise in values.

Besides a drop in industrial output, Infosys Technologies, with the company's strong quarterly results and an upward revision in EPS estimate for financial year 2008 triggering some hectic buying at the start, played a significant role in lifting the market in early trade. ICICI Bank continued from where it left yesterday afternoon and Reliance Industries surged higher on sustained buying support.

After moving past 20,800 in early trade, the Sensex found the going extremely choppy and even slipped into the red on a few occasions as auto, information technology, cement, FMCG and pharma stocks took a trip down south. Investors appeared keen
Finally, thanks to frenzied buying in several blue chip stocks during the fag end of the day, the Sensex raced to an intra-day high of 20,894.79 before settling at 20,827.45 for the day with an impressive gain of 245.37 points or 1.19%.

The Nifty, which tumbled to 6112.55 in early afternoon trade, ended at 6200.10, around 24 points down from a high of 6224.20, with a gain of 0.7% or 43.15 points. ICICI Bank moved up by as much as 6.15% today. Realty stock DLF remained subdued for a long time, but vaulted impressively during the final minutes to record a handsome gain of 4.75%. Reliance Industries, playing a key role in lifting the market to a highly positive close, posted a gain of 3.35%.

HDFC Bank (2.5%), NTPC (2.35%), Tata Motors (1.8%), Tata Consultancy Services (1.5%), ITC (1.3%), State Bank of India (1.2%), ONGC (1.15%) and Cipla (1.05%) also closed with strong gains. Reliance Energy firmed up by 0.85%. Grasim Industries, Bajaj Auto and Hindalco ended marginally higher.

ACC, the most prominent loser in the Sensex, eased by 4.3% to Rs 898. Mahindra & Mahindra closed lower by around 3.5%. Satyam Computer Services, HDFC and Ambuja Cements lost 25 - 2.25%. Hindustan Unilever ended nearly 2% down. Infosys Technologies, which turned easy after a rousing start, did bounce back into the positive territory a little past noon but declined once again on selling pressure to end with a sharp loss of 1.35%.

Maruti Suzuki, Larsen & Toubro and Ranbaxy Laboratories drifted down by 0.75% - 1%. Wipro and Reliance Communications lost around 0.3% while Tata Steel, BHEL and Bharti Airtel ended with small losses. Sun Pharmaceuticals, GAIL India, Idea Cellular and Reliance Petroleum closed on a high note. Suzlon Energy, Nalco, Hero Honda, Tata Power, HCL Technologies, ABB and Cairn India ended with sharp losses.

Among non-Sensex bank stocks, Axis Bank shot up by 7.5% on impressive quarterly results. Bank of India, Canara Bank, Centurion Bank of Punjab, Oriental Bank of Commerce and J&K Bank closed with handsome gains.

Aries Agro made a thumping debut today. The stock, which opened at Rs 160, hit a high of Rs 261 in intra-day trade and settled at Rs 249.80, a premium of 92.15% to its IPO price. Over 22.5 million shares changed hands at the Aries Agro counter on NSE today.

However, it turned out to be a weak outing for another new entrant, Precision Pipes & Profiles. The stock ended the day at Rs 133.35, a discount of around 11% to its issue price. As the mood turned highly bullish in the final minutes, several midcap and smallcap stocks rebounded into the positive territory. So strong was the buying in the midcap space, that the Midcap barometer, which was down with a big loss for a better part of the session, ended the day just marginally behind its previous closing mark.

The market breadth was weak today. Out of 2864 stocks traded on BSE, only 739 stocks ended in the positive territory. 2091 stocks closed with losses and 34 stocks settled at their previous closing levels.

Other Sify Stories:

RIL to invest $2.28 b
Orchid Pharma gets green signal
Emaar MGF gets nod to float IPO; plans to raise Rs 7,000 cr
Hyundai i10 wins 'NDTV Profit Car India Award'

Venture capitalists look beyond IT, reduce risk
In Focus: Exide Industries
‘Renault-Bajaj small car to be totally different’



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.

ET, Moneycontrol Articles

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


India ICICI Bank plans to list subsidiaries-report
Carlyle invests $27.7 mn in India's Repco Home
Infoline lures Kotak execs with sign-on bonuses

Jindal Drilling to enter oil exploration: MD
L&T bags Rs 3,560-cr contracts
Railways to unlock land to generate over Rs 10,000 crore
Jagson to buy 6 aircraft; start chopper services for pilgrims
Bharati Shipyard to build greenfield shipyard near Dabhol
India pips China on PE investment in Asia

Investors lose Rs 2 trillion amid heavy selling
Heard on the street
RITES to come up with IPO
Rites on track to shed 28% via IPO
SBI Life plans to go public in 2009

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Moneycontrol.com

Correction inevitable, mkts to stay volatile: JPMorgan AMC
Tata's 'Nano' launched; dealer price Rs 1 lakh
Edelweiss sees positive flows from int'l mkts
Nano to get 10% of 2-wheeler mkt: A Rathi

Infosys Q3 net seen up 7% to Rs 1176.5 cr
Watch out for ELSS!
Sweet times for sugar sector!
Tele tariffs to come down with new players
Ispat should not fall too much now

Precision Pipes may open with Rs 15-30 premium
Aries Agro likely to list around Rs 155-175: Experts
Apply for Future Capital Holdings IPO: Experts



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.