Know About: OPEC

http://en.wikipedia.org/wiki/Opec

OPEC
The Organization of the Petroleum Exporting Countries (OPEC) is a group of thirteen states[1][2] made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela, Ecuador, and Indonesia. Recently, Indonesia has decided to quit the organization, though it will remain a member until the end of 2008. The organization has maintained its headquarters in Vienna since 1965, hosting regular meetings between the oil ministers of its member states.

According to its statute, the principal goal is the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry."[3]

OPEC's influence on the market has been negatively criticized. Several members of OPEC alarmed the world and triggered high inflation across both the developing and developed world when they used oil embargoes in the 1973 oil crisis. OPEC's ability to control the price of oil has diminished somewhat since then, due to the subsequent discovery and development of large oil reserves in the Gulf of Mexico and the North Sea, the opening up of Russia, and market modernization. OPEC nations still account for two-thirds of the world's oil reserves, and, as of March 2008, 35.6% of the world's oil production, affording them considerable control over the global market. The next largest group of producers, members of the OECD and the Post-Soviet states produced only 23.8% and 14.8%, respectively, of the world's total oil production.[4] As early as 2003, concerns that OPEC members had little excess pumping capacity sparked speculation that their influence on crude oil prices would begin to slip.[5][6]

For more, visit @ http://en.wikipedia.org/wiki/Opec

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Saudi to raise oil output above 9.5 mbpd in July : Reuters

http://in.reuters.com/money/news

Saudi to raise oil output above 9.5 mbpd in July
DUBAI (Reuters) - Top oil exporter Saudi Arabia is poised to boost output in July to the fastest rate in years to help keep pace with demand and tame what it sees as unacceptably high prices, industry sources said on Sunday.

Riyadh's expected production increase -- the second in two months -- would lift flows above 9.5 million barrels per day (bpd) from about 9.45 million bpd now, the sources said.
The Saudi output plans come to light a week before the kingdom hosts an unprecedented meeting of producers and consumers to tackle market instability.

A relentless rise in oil prices to well above $130 a barrel has sparked fuel protests from Asia to Europe and roiled financial markets as policymakers fear higher inflation will slow the global economy."Saudi output in July most probably will be above 9.5 million," said one industry source, speaking on condition of anonymity.

"The situation right now is 'if the customers ask, they will get.'" Saudi Arabia has already increased supply by 300,000 bpd this month from May to meet demand from buyers primarily in the United States. Industry insiders declined to say how much more the kingdom would pump in July, but one source said output would not reach 10 million bpd.

Oil fell nearly $2 a barrel on Friday after industry newsletter the Middle East Economic Survey reported Riyadh was considering a sizeable output increase to near 10 million bpd. Continued...


Other REUTERS Report:
DLF, Unitech shelve REIT IPOs - paper
Reliance Comm: MTN talks progressing despite Reliance Ind claim
Inflation threatening Asia poverty fight - ADB
OPEC's Badri says don't blame us for record oil
Sterlite, Tata Power enter India benchmark index
India Hot Stocks:IOC, ONGC up on plans to invest in Iran


Source: http://in.reuters.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.

PE updates from VCCircle.com, Indiape.com

http://www.vccircle.com

Newbridge May Buy 49% In Shriram City Union For $150 Million
Idea To Pay Rs 2,200 Crore For Modi Stake; TM May Get 20% In Idea
SBI To Go Ahead With Rs 500 Crore SME-Focused PE Fund; It Will Hold 20%
Onida Owners Mirchandanis Settle Dispute; Gulu Buys Out Brother’s Stake
Mukesh Tells Anil To Offer RCOM First To Him, Not MTN

Aegis Media Acquires Majority Stake In Communicate2; More Deals In The Offing
India Hospitality Corp Hires Ravi Deol; To Raise $200 Million Fund
Acumen Fund Invests Rs 4.5 Crore In Kochi Ayurvedic Chain
Pfizer May Challenge Daiichi Sankyo’s Offer To Ranbaxy: Report
Genesis Colors Gets Rs 110 Crore Backing Of Sequoia, Mayfield, SVB

Mapping Company SatNav Gets $7 Million From Sequoia Capital India
Anil Ambani Hires Keshav Sanghi To Build Indian Version Of Goldman Sachs
Non-Promoter Shareholders At Ranbaxy Not To Gain Much From The Deal
3i Infrastructure Raises $223 Million; Upbeat About Alternative Energy
Vikram Pandit’s Old Lane Hedge Fund Is On The Verge Of Closure

-------------------------------
IndiaPe.com


Spice may buy 39% stake in Sony TV
PE deals touch $6.39 bn in so far this year
Subhkam Ventures ups its stake in Shakti Pumps
Saraswat Bank seeks RBI approval for takeover

Telekom Malaysia buys 15% in Idea for $2b
SBI to create Rs 500 crore PE fund for SMEs
NYT to buy 5% stake in in Sieger Solutions
D E Shaw plans $200-mn education blitzkrieg

VenturEast invested in Itero Pharma
Merrill, Lehman among four firms in race for VMIL stake
BCCL buys stake in travel co
RIL eyes acquisitions in polyester biz

Sequoia Capital invests Rs 30 cr in SatNav Tech
IFGL acquires German major
Aegis to invest $100 mn, takes stake in search marketing firm


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BusinessLine Recommentations

http://businessline.in

BGR Energy Systems: Buy
Investors with a three-year perspective can consider investing in the stock of BGR Energy Systems. The recent results posted by the company and the strong growth in order book belie fears of a slow down in the engineering services ... More

Pharma: A booster dose
The ongoing deep correction has been less harsh on large-cap pharma stocks. While the benchmark Sensex has shed over 30 per cent from its highs of early January, select stocks such as Ranbaxy, Sun Pharma, Glenmark and Lupin have ... More

Tata Elxsi: BuyMore

FMCGs: Resilient marginsThe FMCG sector has been among the more resilient ones in the recent market meltdown, with the BSE FMCG index losing only 2 per cent so far this year. Though market fancy for FMCGs has been driven partly by its “defensive” ... More

Kaveri Seed Company: BuyMore

Archidply Industries: Invest at cut-offMore

Templeton India Growth: InvestConservative investors can add Templeton India Growth Fund to their portfolios. The fund, which focuses on picking “value” stocks, has a more than ten-year track record in fund management — a record marred by substantial ... More

Lotus Eye Care Hospital: Invest at cut-offMore

Investment NuggetsManager of Wintergreen Fund and formerly chief executive officer and chief investment officer of Franklin Mutual Advisers, David Winters is a value investor. He believes in holding solid companies for the long-term. ... More

ECONOMY Market ViewEven if GDP growth slows, as it will, in FY09, by about one percentage point or a tad more, the outcome may not be a major negative from an economic perspective; This lower rate is going to be a high base created by average GDP growth of about ... More

What’s AheadThe market is likely to track global markets in the week ahead. Macroeconomic indicators such as domestic industrial output growth at 8.1 per cent in 2007-08 (April-March) compared with a much higher 11.6 per cent growth in 2006-07 as well as ... More



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

Reliance Industries Annual Report : Deadpresident blog

http://www.deadpresident.blogspot.com

Reliance Industries Annual Report

Other Reports from Blog
Market may remain edgy
Weekly Technicals - June 15 2008
Good to be in FMCG
Archidply Industries IPO Review

Lotus Eye Care Hospital IPO review
Asian Paints, HDFC Bank, Pharma, Tata Motors
BSE index inclusions and exclusions
NIIT Technologies - not rosy

Banking Sector Update
Tata Sponge / Fertilizer Sector
Grey Market - Sejal Architectural Glass, Archid Ply Industries
Hotel Leela, Royal Orchid Hotels



Source: http://www.deadpresident.blogspot.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.

Sterlite, Tata Power enter SENSEX and ET Stories

Sterlite, Tata Power enter BSE index

Sterlite Industries, non-ferrous metals company, and Tata Power Co Ltd will enter the country's benchmark BSE Index after a rejig, the stock exchange said. The two stocks replace Ambuja Cements Ltd and Cipla Ltd, the statement, released on Friday, said. The revisions will be effective from July 28, it added.

Other Top stories from ET:
Analysts' Picks: NIIT, BPCL, Patni
Regulators to ease rules for listing
Govt hikes excise duty of big cars
Hindalco considers equity rights issuance
Deccan Chronicle in talks for unit stake sale to NYT
I&B Ministry sets up TV content monitoring centre
Repo hike won't tame inflation
Short build up widens June discount, F&O volume down 22%

Asia stocks post biggest weekly dip in 10 months
China stocks post biggest weekly loss since 1996
HK stocks fall to end week 7 pc lower
Wall Street finishes with sharp gains
India's real estate to clock 30 pc growth in next ten years
Did mutual funds get wind of the Ranbaxy deal?

For more@ http://economictimes.indiatimes.com/headlines.cms


Source: www.Theeconomictimes.. 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.

MoneyToday Dated June 26,2008

http://moneytoday.digitaltoday.in/
LATEST ISSUE Jun, 26, 2008

Cover Story
Protect your health
Narayan Krishnamurthy
As health care costs soar, medical insurance can be the difference between prosperity and bankruptcy.
Before you buy your policy...
What cover should you take?
Hassle-free settlements

Stocks
Stock watch as on June 4
We tie up with Trisys research to identify stocks that aren’t in the limelight, but have high returns potential .
Crude way to shock markets

Real Estate
Better environment, better health, better savings

Sector Scenario
Ride high on FMCG
R Sree Ram
Slowdown may affect demand in other sectors, but nobody is going to cut their grocery bills. R Sree Ram looks at the best bets.

Stock watch
Metal stocks perform well
The rise in commodity prices has helped metal stocks to post the highest returns in the past year.

Mutual Fund
Balanced equity funds in demand
In the past six months balanced equity funds have been hit by high equity exposure.
'Don’t go by price of NFOs'

More @ http://moneytoday.digitaltoday.in/index.php?latn=1


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The 10 most widely-held stocks : BT Money

The 10 most widely-held stocks

Forget about sifting through thousands of stocks in the market to select potential winners. One measure to judge whether a stock can do well is to see how many mutual funds hold them in their portfolios. The more widely-held the stock, the better its chances of doing well.
Usually, the most popular stocks with mutual funds are companies with huge market capitalisations. Liquidity makes it easier to enter or exit stocks. Besides, fund managers also want to keep a big chunk of their portfolios in stocks that closely follow their benchmark indices. Still, not all the liquid stocks make it to the 10 most popular stocks.

Fund managers usually pick these companies after looking at their future potential, their valuations and whether they can give better returns. Says Bhavesh Shah, VP (Research), Asit C Mehta Investment Interrmediates, a broking firm: “Since Indian mutual funds are doing a good job of giving decent returns, imitating their strategy could prove rewarding.” Not surprisingly, these companies are from the core growth sectors of the Indian economy. In graphics: The most popular Stocks

Reliance Industries

Larsen & Toubro

BHEL

Bharti Airtel

State Bank of India

Reliance Communications

Infosys Technologies

Tata Steel

Oil and Natural Gas Corp

For more with details, visit: The 10 most widely-held stocks

In graphics: Other popular stocks

In graphics: The power players (These companies have sound fundamentals and growth prospects)

Two steps behind
Fund managers have shown interest in other big names, too.
Mutual funds have turned into a formidable force in the stock market over the past five years—their holdings have risen from a negligible amount to Rs 2 lakh crore in equities alone. Not surprising then, the top 20 stocks that mutual funds have invested in account for about 25 per cent of their equity corpus of Rs 48,557 crore. In terms of investment size, Reliance Industries stands tallest with mutual funds holding more than Rs 7,858 crore worth of the stock. This is nearly double that of their second-largest holding, in ICICI Bank, which accounts for about Rs 4,008 crore. This is closely followed by engineering behemoth Larsen & Toubro (Rs 3,687 crore) and banking giant State Bank of India (Rs 3,060 crore).

It’s no surprise then that all but a few of the top 20 companies that mutual funds have invested in are part of the Sensex. That’s because most of these companies have large market capitalisations, diversified investor bases and fairly liquid stocks. The two companies that are not part of the Sensex are Sterlite Industries and Jai Prakash Associates, in which domestic funds hold Rs 1,279 crore and Rs 2,387 crore worth of equity, respectively. Fund managers, too, have shown a preference for the most popular stocks. For instance, ICICI Prudential Infrastructure Fund has the highest investments (per fund) in five of the top 20 companies.

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

Business Today Articles Dated June 29,2008

businesstoday.digitaltoday.in/index.php?latn=1

Cover Story
Tick-tock, tick-tock, tick-tock... Despite the recent price hikes in India, oil is a ticking time bomb that will be defused only by a sharp drop in demand and, in the long run, alternative sources of energy. Meanwhile, brace up for the coming pain. Business Today's Rishi Joshi reports.
How to kick the habit
Not good enough

Editorial
Decontrol retail prices of oil

Policy Watch
Tackling the oil crisis

Back of the Book
Young turks in the works

Money
The fine art of portfolio composition
Rohit Viswanath
All asset classes don’t move in tandem. The trick is to diversify portfolio across assets and cut risks. Find out how to create an optimal portfolio.
In choppy waters
The best mutual funds
Room for growth
The IPO lull

Special
One for the nest egg

For More: http://businesstoday.digitaltoday.in/index.php?latn=1

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