Headlines
Bharti Airtel crosses 75 mn subscriber base
TRAI turns the heat on GSM cos for not linking to RCOM
Analysts'Picks: Voltas, Corporation Bank, Sterlite Ind, India Cements, IRB Infra
Sical logistics to invest Rs 1,700 cr
PSU city gas cos oppose RIL entry
Nuclear Power short-lists 4 suppliers for reactors
The shape of Indian talent after 61 years of Independence
Reliance Big, Soros deal stuck over valuation
Maruti to open 110 new driving schools; 10 research institutes
L&T eyes 25 pc revenue from international business
India Inc's investment plans rise to $244 bn
India Inc's investment plans surge to Rs 10 trillion: Assocham
India is among "big brothers" of WTO: Pascal Lamy
'Indian stocks only positive performer among BRIC in Aug'
Gold may slip below Rs 10,500 by end of Sept
`Institutions will have to pay 100% for IPOs soon`
250 sugar mills under scanner for holding back stocks
For 17,500 right people, ICICI scans 7.5 lakh resumes: Kamath
India expects exemption from NSG without any change to draft
Oil rises to $114 on storm threat
Source: ET,BL.BS,UTVi.
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.
18 August 2008
Sensex likely to enter bull orbit only after crossing 15300
Sensex likely to enter bull orbit only after crossing 15300
18 Aug, 2008, 0301 hrs IST
It has been a decent run for the market with more leaps than hops, in the past few weeks. Some of that momentum has eased last week. At this juncture, the Sensex is trading below the 15000-level. Looking at the market from here on, the 14900-mark — crucial for the continuation of the current trend — has been breached. This may revive forgotten pains of wealth destruction for participants seen in the past six months.
Technically speaking, as per the Elliot wave, the current fall that started from 21207 (6357) has shown a Falling Wedge’ Structure. In this structure as seen in the chart, the A-B-C formation of the bear trend got completed. After this, the Sensex formed a bottom of 12514 mid-July which is also near the 50% retracement level of the past five years’ uptrend (2904-21207) of 12300 (3700). After this significant bottom, the index witnessed a swift rally of 3000 points in just 21 trading sessions, raising hopes of a further upmove.
Major contributors to this rally were shares of banks and capital goods companies. However, we have broken this momentum and this break may play just the decisive role in inducing further movements. Here is where the level of 14900 is significant. First of all, looking at the current upward movement closely, one would see a higher-top, higher-bottom pattern formation. For this pattern to remain intact, the index has to close above 14900. Secondly, if we look at the trend line joining bottoms that were formed along the way by the Sensex in this past rally, the level of 15000 is a threshold for its way up.
Thus, a closing below 14900 is a decisive breach of this trend line. The breach downward signals the termination of this trend and beginning of a corrective trend. Also, the Relative Strength Index Oscillators on daily charts is in an overbought territory and is turning downward. This indicates fatigue in the market thereby inducing some more profit-booking. After consecutive four positive weekly closings, the Sensex witnessed a decline of 444 points, showing a bearish candle on weekly charts thereby confirming the probable trend reversal.
What next? After this development, no prizes for guessing the direction of the market. If we have to put a tentative number to the next level, we may look at one of the trend reversal properties, according to which more often than not key retracement level of 50% of the preceding uptrend is tested. If we were to trace the current rally for the Sensex of over 3000 points from 12514 to 15580, the 50% retracement level comes near 14000.
There could be good buying support at this (14000) level. This level has another significance as well since the 34 DMA (daily moving average) is also placed near this level. The odds are against a further rise on the back of this weekly close, but if the market does manage to escape out of this bear momentum, the bounceback will find congestion levels, placed at 15000 and subsequently at 15300.
The Sensex needs to sustain above 15000 and decisively breach 15300 to enter the bull orbit again. If the market were to test lower levels once again, shares from the capital goods, auto and banking sectors appear to be good bets. Bharat Heavy Electricals and Bharat Electronics among capital goods shares, Maruti and Hero Honda in the automobile sector, and ICICI Bank and Jammu and Kashmir Bank in the banking sector look good on the charts.
Other Investor Guide Articles from ET
Analysts'Pick: IRB Infrastructure18 Aug, 2008, 0635 hrs IST
Lehman Brothers initiates coverage on IRB Infrastructure Developers with an ‘overweight’ rating and a March ’09 price target of Rs 195.
Analysts'Pick: Indian Cements 18 Aug, 2008, 0632 hrs IST
JM FINANCIAL recommends ‘hold’ rating on India Cements (ICL) and values the company at a target enterprise value/tonne of $100 to arrive at its June ’09 target price of Rs 168.
Analysts'Pick: Sterlite Industries 18 Aug, 2008, 0631 hrs IST
Merrill Lynch remains ‘neutral’ on Sterlite Industries due to weak zinc outlook.
Analysts'Pick: Corporation bank, 18 Aug, 2008, 0629 hrs IST
Indiabulls Securities reaffirms its ‘buy’ rating on Corporation Bank with a target price of Rs 335, which is 21% more than its current market price.
Analysts'Pick: Voltas 18 Aug, 2008, 0627 hrs IST
Citigroup rates Voltas as ‘sell/medium risk’ with a target price of Rs 121.
Refinery sector faces crunch18 Aug, 2008, 0553 hrs IST, Ramkrishna Kashelkar
The slowing demand for petro products globally and a glut in upcoming refining capacity in the country do not bode well for the refinery sector.
Investment philosophy;stocks to buy and hold on 18 Aug, 2008, 0537 hrs IST
ETIG dug deep into the past five years’ data and ferreted out stocks, which although cheap, are best avoided.
Comparison of two FMCG majors; HUL & ITC 18 Aug, 2008, 0517 hrs IST, Kiran Kabtta
ETIG presents comparison between two FMCG majors, HUL and ITC.
Tulip keen on improving in highmargin biz 18 Aug, 2008, 0456 hrs IST, ranjit shinde
Tulip Telecom continues to look attractive at current valuations, given its future growth prospects.
Insecticides is a good long-term bet 18 Aug, 2008, 0450 hrs IST, Amit Jain
Insecticides India is a good long-term bet, as it promises strong topline & profits and has limited downside risks.
Elder Pharma an attractive pick for investors 18 Aug, 2008, 0442 hrs IST, Kiran Kabtta
Robust healthcare sector has accelerated growth of FMHG in India and Elder Pharma, which has an eclectic bunch of offerings, is cashing in on good times.
Economic slowdown hits profitability of domestic banks 18 Aug, 2008, 0432 hrs IST, karan sehgal
The current economic slowdown has hit profitability of domestic banks. In such a challenging scenario,Axis Bank, HDFC Bank & Bank of India are the safest bets.
Global sugar supplies to tighten 18 Aug, 2008, 0407 hrs IST
World is sitting on huge stockpile of sugar, but global supply outlook will tighten into next year due to rain-induced crop problems in Brazil and falling output in India, auguring for higher prices.
The twin trap; Market currently under-prepared or under-hedged! 18 Aug, 2008, 0336 hrs IST, Shakit Patra
Last week, Nifty posted its first weekly loss after five consecutive weeks of gains, rise in volatility that should have ideally accompanied it didn’t materialise.
Source:Economic Times.
17 August 2008
Venture Capital, Pvt equity updates
VCcircle.com
KKR Eyes Indian Infrastructure Sector; Current Equity Value $463M
RIL Partners With Vornado For $500-M Real Estate Investment Firm
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
TrueBridge Capital To Invest 25% Of $310-M Fund in India and China
Gopinath Ties Up With GMR For Cargo Hubs In Delhi, Hyderabad Airports
Fortis HealthWorld Acquires Pharma Retail Chain CRS Health
Famy Care Plans To Dilute 15% Stake; In Talks With Mylan, PE Funds
Baring Asia To Pick Up 40% RSP Architects For $100 Million
HarbourVest Raises $1Bn For Its $3Bn Non-US Fund; To Invest $500M In Asia
Tata Capital In Tie Up With Mitsubishi UFJ Securities For I-Banking, Equity Offerings
Indian Angel Network Invests In Legal Outsourcing Firm TechLit
DE Shaw To Increase Stake In Regional Media Group Amar Ujala
56 Hedge Funds Register In July; Stephen Mandel, Samir Arora Among Them
Auto Componet Maker Federal-Mogul To Acquire 51% Stake In Perfect Circle
Tata Capital To Sign Pact With Japan’s Mitsubishi Securities
Greater Pacific To Pick Up 38% In Outsourcing Co Azure For $33 Million
Tesco Finally Gets Indian Partner, Tata’s Trent
Oman Investment Fund, Others Invest $185M In Quippo Telecom
Russell Investments To Increase Exposure To Indian Real Estate
Credit Suisse PE Invests $100 Million In Hydrabad’s Indu Projects
Helion Ventures Invests $4 Million In HummingBird Suites
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
News Roundup: Pharma Co Bags $35M UNICEF Order, RPG Big On Telecom Towers
-------------------------------------------
IndiaPE.com
Infrastructure is still in for India-specific funds
VCFs may get RBI nod
PEs eye standalone regional hospitals
DFJ to fund education company
SeedFund invested $1 million in Lifeblob
Credit Suisse to invest $113m in Indu Projects
KIMS to raise PE funding for expansion
CMAI arranges $100 mn fund for ecofriendly ICT R&D
Fortis Healthworld acquired CRS Health
HTMT chalks out $100 mn for foreign acquisitions
July was the worst month for M&A this year
Baring to buy 40 pc in RSP Architects
Famy Care may sell 15% to PE funds
GPC to buy 38% in Azure
Credit Suisse invests $100m in Indu Projects
Source: Above sites.
KKR Eyes Indian Infrastructure Sector; Current Equity Value $463M
RIL Partners With Vornado For $500-M Real Estate Investment Firm
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
TrueBridge Capital To Invest 25% Of $310-M Fund in India and China
Gopinath Ties Up With GMR For Cargo Hubs In Delhi, Hyderabad Airports
Fortis HealthWorld Acquires Pharma Retail Chain CRS Health
Famy Care Plans To Dilute 15% Stake; In Talks With Mylan, PE Funds
Baring Asia To Pick Up 40% RSP Architects For $100 Million
HarbourVest Raises $1Bn For Its $3Bn Non-US Fund; To Invest $500M In Asia
Tata Capital In Tie Up With Mitsubishi UFJ Securities For I-Banking, Equity Offerings
Indian Angel Network Invests In Legal Outsourcing Firm TechLit
DE Shaw To Increase Stake In Regional Media Group Amar Ujala
56 Hedge Funds Register In July; Stephen Mandel, Samir Arora Among Them
Auto Componet Maker Federal-Mogul To Acquire 51% Stake In Perfect Circle
Tata Capital To Sign Pact With Japan’s Mitsubishi Securities
Greater Pacific To Pick Up 38% In Outsourcing Co Azure For $33 Million
Tesco Finally Gets Indian Partner, Tata’s Trent
Oman Investment Fund, Others Invest $185M In Quippo Telecom
Russell Investments To Increase Exposure To Indian Real Estate
Credit Suisse PE Invests $100 Million In Hydrabad’s Indu Projects
Helion Ventures Invests $4 Million In HummingBird Suites
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
News Roundup: Pharma Co Bags $35M UNICEF Order, RPG Big On Telecom Towers
-------------------------------------------
IndiaPE.com
Infrastructure is still in for India-specific funds
VCFs may get RBI nod
PEs eye standalone regional hospitals
DFJ to fund education company
SeedFund invested $1 million in Lifeblob
Credit Suisse to invest $113m in Indu Projects
KIMS to raise PE funding for expansion
CMAI arranges $100 mn fund for ecofriendly ICT R&D
Fortis Healthworld acquired CRS Health
HTMT chalks out $100 mn for foreign acquisitions
July was the worst month for M&A this year
Baring to buy 40 pc in RSP Architects
Famy Care may sell 15% to PE funds
GPC to buy 38% in Azure
Credit Suisse invests $100m in Indu Projects
Source: Above sites.
Labels:
Pvt Equity Updates,
Venture Capital
A must watch article: Top 100 Tools for Learning
TOP TOOLS
Top 100 Tools for Learning 2008Updated: 16/08/2008
The list is compiled from the contributions of 191 learning professionals (from both education and workplace learning) who shared their Top 10 Tools for Learning both for their own personal learning/ productivity and for creating learning solutions for others. [See the individual contributions here]
THIS LIST IS CONSTANTLY BEING REVISED AS WE RECEIVE NEW OR UPDATED CONTRIBUTIONS.
TOP 20Key to availability: D=download; H=hosted; C=insert code onto page
http://c4lpt.co.uk/recommended/top100.html
Some of them are listed below:
For more: http://c4lpt.co.uk/recommended/top100.html
Other related: http://c4lpt.co.uk/recommended/analysis.html
----------------------------------------
DIRECTORY OF LEARNING TOOLS
This Directory contains over 2,400 tools for learning in two main sections:
for creating, delivering and managing learning and performance support solutions
for managing your own learning and productivity, for sharing resources, as well as group collaboration (also includes some enterprise tools)
The tools in this Directory are both freeware/open source and commercial.
Our recommended E-Learning hosting service
Visit: http://c4lpt.co.uk/Directory/
Source: C4lpt.co.uk.
Index Outlook, Stock Analysis: BusinessLine
Index Outlook
DERIVATIVES MARKETS: Nifty may move in narrow band
Sensex (14724.2)
The markets could not revel in plunging commodity prices for long as the spectre of slowing economic growth manifested itself once more in industrial production and in the economic outlook of the economic advisory council. Rate-sensitive stocks that had begun a merry rally were hammered down once more as investors rushed to lock in their gains.
It was another dull week and the Sensex eased lower after the peak at 15580 on Tuesday. Volumes were low as traders took time off to enjoy the long weekend. Open interest continues to be high, though reduction in Nifty put call ratio implies that short positions are being squared up during declines.
The exhaustion gap formed on Monday was closed in the subsequent session heralding the commencement of a down trend. A 3-wave move has been completed from the trough at 12514 formed on July 16. The dark-cloud pattern in the weekly candlestick chart along with the downward reversal from key level, in the weekly relative strength index, denotes that the medium term up trend from the July trough has ended last week.
But this could be just one part of the corrective up-move in the bear phase from 21206. As explained last week, there are numerous ways in which the rest of this correction can shape. The movement of the Sensex over the next two weeks would help form a better picture of the road ahead. Here are a couple of pointers to the way the index can move in the near term and its implications,
A decline to the zone between 14365 (50-day moving average) and 14420 appears imminent in the near term. A reversal from here would have bullish connotations for the medium term and would signal an impending move towards 17000.
The medium-term outlook will turn neutral on a penetration of 14360. The subsequent supports are at 13700 and then 12514. Such a decline would imply that the correction could result in the index vacillating between 12500 and 15500 for a few more months.
Our outlook for the week ahead is ambivalent, neither negative nor positive. Resistances for the week ahead would be at 15250 and then 15580. Failure to surpass the first resistance would drag the index lower to 14425 or 14063. Fresh trading longs should be avoided below 14425.
Nifty (4430.7)
The Nifty reversed from an intra week peak at 4650 last week. The medium term up-move from 3816 appears to have been completed last week and a decline towards 4300 is possible in the near term. If this level is penetrated, the next support is at 4120. The medium term outlook will turn negative only on a decline below this level.
Conversely an upward reversal from 4300 will underline the bullishness for the near term and pave the way for a rally to 5050. Resistances for the week would be at 4560 and then 4650.Failure to rally beyond the first resistance would be provide a shorting opportunity to traders.
Global Cues
Dow Jones Industrial Average reversed lower from 11867 on Monday. But the near term outlook for the index will stay positive as long as it holds above 11230.
After crude oil, it was the turn of gold to hold everyone spell bound, with the awesome 7 per cent decline last week. The selling cascaded once the key support at $850 was breached on Monday. The metal appears to have commenced a long-term correction of the entire bull market since 2001. The immediate supports on the long-term charts are at $780 and then $730. Investors can watch for a long-term trough around $730. —Lokeshwarri S. K.
Other analysis:
STOCKS: Kalindee Rail Nirman Engineers: BuyInvestments with a two-year perspective can be considered in the stock of Kalindee Rail Nirman Engineers, which is engaged in the business of signalling, telecommunications, gauge conversion and track-laying for the Indian Railways. A direct ...
STOCKS: HDFC Bank: HoldInvestors with a one-year horizon can hold on to the HDFC Bank stock. Though the bank has sound financials, concerns about rising interest rates, higher cost of funds and compressing spreads have cut down valuations for banking stocks. ...
TECHNICAL ANALYSIS: Query Corner: What the charts sayI bought Hexaware Tech at Rs 125 and Graphite India at Rs 56. Kindly let me know the medium and long-term prospects of these stocks. Can I average Hexaware at current ...
STOCKS: Ranbaxy - Open Offer: AcceptShareholders of Ranbaxy may use Daiichi Sankyo’s open offer (slated to begin from August 16) to book profits on the stock as the offer price is attractive. Japanese innovator drug company Daiichi Sankyo, in June this year, agreed to buy ...
STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to:
STOCK MARKETS: Baskets of X
E-mail your guess before Tuesday to:BasketsofX@gmail.com ...
TECHNICAL ANALYSIS:
Tata Steel / SBI / Reliance / Infosys / Unitech / Reliance Infra
STOCKS: Monsanto India: BuyInvestors with a two-three year horizon can buy the stock of Monsanto India, a leading producer and marketer of agricultural ...
MUTUAL FUNDS: Reliance Equity: Hold
MUTUAL FUNDS: Kotak Opportunities: Invest
MUTUAL FUNDS: Fund Talk
MUTUAL FUNDS: Update
Source: BusinessLine
DERIVATIVES MARKETS: Nifty may move in narrow band
Sensex (14724.2)
The markets could not revel in plunging commodity prices for long as the spectre of slowing economic growth manifested itself once more in industrial production and in the economic outlook of the economic advisory council. Rate-sensitive stocks that had begun a merry rally were hammered down once more as investors rushed to lock in their gains.
It was another dull week and the Sensex eased lower after the peak at 15580 on Tuesday. Volumes were low as traders took time off to enjoy the long weekend. Open interest continues to be high, though reduction in Nifty put call ratio implies that short positions are being squared up during declines.
The exhaustion gap formed on Monday was closed in the subsequent session heralding the commencement of a down trend. A 3-wave move has been completed from the trough at 12514 formed on July 16. The dark-cloud pattern in the weekly candlestick chart along with the downward reversal from key level, in the weekly relative strength index, denotes that the medium term up trend from the July trough has ended last week.
But this could be just one part of the corrective up-move in the bear phase from 21206. As explained last week, there are numerous ways in which the rest of this correction can shape. The movement of the Sensex over the next two weeks would help form a better picture of the road ahead. Here are a couple of pointers to the way the index can move in the near term and its implications,
A decline to the zone between 14365 (50-day moving average) and 14420 appears imminent in the near term. A reversal from here would have bullish connotations for the medium term and would signal an impending move towards 17000.
The medium-term outlook will turn neutral on a penetration of 14360. The subsequent supports are at 13700 and then 12514. Such a decline would imply that the correction could result in the index vacillating between 12500 and 15500 for a few more months.
Our outlook for the week ahead is ambivalent, neither negative nor positive. Resistances for the week ahead would be at 15250 and then 15580. Failure to surpass the first resistance would drag the index lower to 14425 or 14063. Fresh trading longs should be avoided below 14425.
Nifty (4430.7)
The Nifty reversed from an intra week peak at 4650 last week. The medium term up-move from 3816 appears to have been completed last week and a decline towards 4300 is possible in the near term. If this level is penetrated, the next support is at 4120. The medium term outlook will turn negative only on a decline below this level.
Conversely an upward reversal from 4300 will underline the bullishness for the near term and pave the way for a rally to 5050. Resistances for the week would be at 4560 and then 4650.Failure to rally beyond the first resistance would be provide a shorting opportunity to traders.
Global Cues
Dow Jones Industrial Average reversed lower from 11867 on Monday. But the near term outlook for the index will stay positive as long as it holds above 11230.
After crude oil, it was the turn of gold to hold everyone spell bound, with the awesome 7 per cent decline last week. The selling cascaded once the key support at $850 was breached on Monday. The metal appears to have commenced a long-term correction of the entire bull market since 2001. The immediate supports on the long-term charts are at $780 and then $730. Investors can watch for a long-term trough around $730. —Lokeshwarri S. K.
Other analysis:
STOCKS: Kalindee Rail Nirman Engineers: BuyInvestments with a two-year perspective can be considered in the stock of Kalindee Rail Nirman Engineers, which is engaged in the business of signalling, telecommunications, gauge conversion and track-laying for the Indian Railways. A direct ...
STOCKS: HDFC Bank: HoldInvestors with a one-year horizon can hold on to the HDFC Bank stock. Though the bank has sound financials, concerns about rising interest rates, higher cost of funds and compressing spreads have cut down valuations for banking stocks. ...
TECHNICAL ANALYSIS: Query Corner: What the charts sayI bought Hexaware Tech at Rs 125 and Graphite India at Rs 56. Kindly let me know the medium and long-term prospects of these stocks. Can I average Hexaware at current ...
STOCKS: Ranbaxy - Open Offer: AcceptShareholders of Ranbaxy may use Daiichi Sankyo’s open offer (slated to begin from August 16) to book profits on the stock as the offer price is attractive. Japanese innovator drug company Daiichi Sankyo, in June this year, agreed to buy ...
STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to:
STOCK MARKETS: Baskets of X
E-mail your guess before Tuesday to:BasketsofX@gmail.com ...
TECHNICAL ANALYSIS:
Tata Steel / SBI / Reliance / Infosys / Unitech / Reliance Infra
STOCKS: Monsanto India: BuyInvestors with a two-three year horizon can buy the stock of Monsanto India, a leading producer and marketer of agricultural ...
MUTUAL FUNDS: Reliance Equity: Hold
MUTUAL FUNDS: Kotak Opportunities: Invest
MUTUAL FUNDS: Fund Talk
MUTUAL FUNDS: Update
Source: BusinessLine
16 August 2008
Hot Careers
Senior Positions
13 August 2008 - Solution Architect One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Managing Consultant / Sr. Consultant - Consumer / FMCG India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Sales & Marketing India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Finance & Commercial India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Retail India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Banking Financial Services & Insurance (BFSI) India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Media & Entertainment India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Real Estate India’s Leading Executive Search & Management Consultants
---------------------------------------
Marketing/ Sales/ Advertising
13 August 2008 - Area Sales Manager - Software Sales Second Largest IT Products Distributor in Domestic Market
13 August 2008 - Managing Consultant / Sr. Consultant - Consumer / FMCG India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Sales & Marketing India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Retail India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Media & Entertainment India’s Leading Executive Search & Management Consultants
13 August 2008 - Product Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - National Manager One of the Top 3 Companies in the Domestic IT Market
12 August 2008 - Area Sales Manager Rincon India Solutions Pvt. Ltd.
11 August 2008 - Client Engagement Manager One of the Top 3 Companies in the Domestic IT Market
--------------------------------------------
Finance/ Banking
13 August 2008 - Managing Consultant / Sr. Consultant - Finance & Commercial India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Banking Financial Services & Insurance (BFSI) India’s Leading Executive Search & Management Consultants
12 August 2008 - Research Analyst A Growing Global Asset Management Company
11 August 2008 - VP - Credit Card Collections One of the Leading Captive BPOs
11 August 2008 - Economist Fortune 100 Investment Company
11 August 2008 - Relationship Manager A Leading MNC Bank
11 August 2008 - CFO One of the Largest NBFC / AMC in India
11 August 2008 - Director / VP / AVP - PE Infrastructure A Leading Global Private Equity Player
11 August 2008 - Associate - Equity Derivatives Leading Bank & Financial Services Provider in UAE
------------------------------------------------
HR
13 August 2008 - Managing Consultant / Sr. Consultant - Consumer / FMCG India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Sales & Marketing India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Finance & Commercial India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Retail India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Banking Financial Services & Insurance (BFSI) India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Media & Entertainment India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Real Estate India’s Leading Executive Search & Management Consultants
---------------------------------------------
Operations Management/ SCM; Transition/ Operations (BPO/KPO); Operations (Banking)
13 August 2008 - Program Manager - Datacenter One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Program Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Service Delivery Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Executive / Sr. Executive - Corporate Infrastructure Design One of the Big 4 Consulting Organizations
13 August 2008 - National Program Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Operations Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Product Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - National Manager One of the Top 3 Companies in the Domestic IT Market
---------------------------------------------
More @ www.Coolavenues.com
From Rediff
• Interested in Japanese Mgmt?• Are you a budding ad-man?
• NITTTR's MTech, ME degrees• Lucknow Univ's MBA courses
• PhD in Management from LIBA• Calcutta Univ's mgmt courses
• IIAS research Fellowships• Associateship in Nuke Physics
• Want to study engg abroad?• Become a physiotherapist
• TAPMI's PG prog in mgmt• IRMA's PGP in Rural Mgmt
• IIM-A's PGP in Agri-business• IIFT's consultancy symposium
• Degree in homoeopathy
Source: Rediff,Coolavenues.com
13 August 2008 - Solution Architect One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Managing Consultant / Sr. Consultant - Consumer / FMCG India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Sales & Marketing India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Finance & Commercial India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Retail India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Banking Financial Services & Insurance (BFSI) India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Media & Entertainment India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Real Estate India’s Leading Executive Search & Management Consultants
---------------------------------------
Marketing/ Sales/ Advertising
13 August 2008 - Area Sales Manager - Software Sales Second Largest IT Products Distributor in Domestic Market
13 August 2008 - Managing Consultant / Sr. Consultant - Consumer / FMCG India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Sales & Marketing India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Retail India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Media & Entertainment India’s Leading Executive Search & Management Consultants
13 August 2008 - Product Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - National Manager One of the Top 3 Companies in the Domestic IT Market
12 August 2008 - Area Sales Manager Rincon India Solutions Pvt. Ltd.
11 August 2008 - Client Engagement Manager One of the Top 3 Companies in the Domestic IT Market
--------------------------------------------
Finance/ Banking
13 August 2008 - Managing Consultant / Sr. Consultant - Finance & Commercial India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Banking Financial Services & Insurance (BFSI) India’s Leading Executive Search & Management Consultants
12 August 2008 - Research Analyst A Growing Global Asset Management Company
11 August 2008 - VP - Credit Card Collections One of the Leading Captive BPOs
11 August 2008 - Economist Fortune 100 Investment Company
11 August 2008 - Relationship Manager A Leading MNC Bank
11 August 2008 - CFO One of the Largest NBFC / AMC in India
11 August 2008 - Director / VP / AVP - PE Infrastructure A Leading Global Private Equity Player
11 August 2008 - Associate - Equity Derivatives Leading Bank & Financial Services Provider in UAE
------------------------------------------------
HR
13 August 2008 - Managing Consultant / Sr. Consultant - Consumer / FMCG India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Sales & Marketing India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Finance & Commercial India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Retail India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Banking Financial Services & Insurance (BFSI) India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Media & Entertainment India’s Leading Executive Search & Management Consultants
13 August 2008 - Managing Consultant / Sr. Consultant - Real Estate India’s Leading Executive Search & Management Consultants
---------------------------------------------
Operations Management/ SCM; Transition/ Operations (BPO/KPO); Operations (Banking)
13 August 2008 - Program Manager - Datacenter One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Program Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Service Delivery Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Executive / Sr. Executive - Corporate Infrastructure Design One of the Big 4 Consulting Organizations
13 August 2008 - National Program Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Operations Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - Product Manager One of the Top 3 Companies in the Domestic IT Market
13 August 2008 - National Manager One of the Top 3 Companies in the Domestic IT Market
---------------------------------------------
More @ www.Coolavenues.com
From Rediff
• Interested in Japanese Mgmt?• Are you a budding ad-man?
• NITTTR's MTech, ME degrees• Lucknow Univ's MBA courses
• PhD in Management from LIBA• Calcutta Univ's mgmt courses
• IIAS research Fellowships• Associateship in Nuke Physics
• Want to study engg abroad?• Become a physiotherapist
• TAPMI's PG prog in mgmt• IRMA's PGP in Rural Mgmt
• IIM-A's PGP in Agri-business• IIFT's consultancy symposium
• Degree in homoeopathy
Source: Rediff,Coolavenues.com
15 August 2008
RIL to start crude production from KG basin next month
Reliance submits dev plan for 8 more KG block discoveries
Reliance Industries has submitted development plan for eight more gas discoveries in its prolific eastern offshore KG-D6 block. "The discoveries are adjacent to the Dhirubhai 1 and 3 gas fields that are currently under development," said Canada's Niko Resources, which is Reliance's junior partner in KG-D6.
While Dhirubhai-1 and 3 discoveries are expected to start production by end September, it is intended that the eight satellite discoveries would be tied back to the Dhirubhai-1 and 3 facilities. Numerous other prospects have been identified in deeper water areas of the block where further upside potential would be evaluated, Niko said. Reliance is investing US $ 5.2 bn in bringing to production Dhirubhai 1 and 3 fields, with initial output pegged at 40 mn standard cubic meters per day that would double in one years time.
Of this, US $ 3.28 bn has already been invested by June 30, it said. "Fourteen of the planned 18 Phase-I wells will be tied in after start-up," it added. Reliance would also start pumping out from the MA oil field in the same block within a months time. "The field is estimated to have a peak oil production rate of 40,000 barrels per day." The company is investing USD 2.234 bn in developing the MA oil fields in the predominantly gas-rich block. Niko has 10 per cent stake in the 7,645 sq kms KG-D6 block.
Reliance is the operator with 90 per cent interest. The block was awarded to Reliance-Niko in India's first international bid round in 1999. "Development of the Dhirubhai 1 and 3 natural gas fields and the MA oil field is substantially complete and exploration is ongoing on this block," Niko said.
Reliance may export diesel to Pak
-----------------------------------------------
RIL to start crude production from KG basin next month
Hyderabad, Aug. 12 With a FPSO (Floating, Production, Storage and Offloading) vessel set to stream into Kakinada from Singapore shortly , Reliance Industries Ltd is gearing up to extract crude from its Krishna Godavari basin wells by the second half of September.
This will be the first deepwater well in the country to produce crude. The FPSO managed by Aker of Norway is being built at Jurong Shipyard, Singapore, and is being leased by RIL for a three-year period.
The MA Fields in the D-6 block in the KG basin will produce about 40,000 barrels a day. The crude evacuated through pipeline grid set up will be shipped through tankers to refineries, according to RIL officials.
However, the gas produced from the KG wells will be pumped back into the wells as there is no possibility to store the gas. Meanwhile, the onshore gas processing facility at Gadimoga is nearing completion. “After the FPSO moves to Kakinada shores from Singapore, within a couple of weeks we expect production to commence from these wells. Initially, it could be about 15,000 barrels a day to be gradually ramped up to 40,000 barrels a day,” the official explained.
Asked about the gas production in the KG basin, the official said that most of the installations and pipeline work of 1,400 km from Kakinada to Bharuch had been completed barring small link-ups. The undersea equipment has been procured. It is likely that by the fourth quarter of this year, the gas wells will be ready for production.
Our Mumbai Bureau adds:
Dhirubhai-I, the floating oil production unit chartered by Reliance, has been built by converting a large tanker in Singapore .According to information reaching here from Singapore, the floating unit left Jurong yard last Wednesday and is scheduled to arrive at the eastern coast of India by Friday.
The floating oil unit is on a 10-year charter from the Norwegian company Aker and the initial contract value was $750 million. Aker will also operate and maintain the FPSO under a separate five-year contract.
Once the FPSO is anchored and connected to the oil wells, which is expected to take at least two weeks, oil production from a developed field can commence within a month, said an oil industry expert.Unlike normal tankers, which need dry-docking at least every two years, the FPSO is designed to operate for 10 years without dry-docking.
Dhirubhai-I can process 60,000 barrels of oil and 15 million cu m of gas a day and can store 1.3 million barrels of oil.The 8.86 lakh dwt tanker –S.T.Polar – was originally built in the US. The refitting at the Singapore yard is expected to extend the 25-year-old vessel’s life by 15 years.
Other top news
Two India-origin persons among Forbes top-paid young CEOs list
India's sugar exports soars to 43 LT till first week of Aug
Inflation a concern; growth should not be compromised: PM
Nepal:Reliance close to Highway deal
Insurance to touch Rs 20 bn by 2010
Insurers relax as IRDA defers MTM
Govt may allow duty free steel export
Bonanza for babus
SBI, ICICI Bank in race for rural salary accounts
Hindalco to sweeten rights with 3:7 offer
SCI to buy vessels for up to $3 bn
Tata Steel’s Vietnam deal - a good mining
Satyam rating in Gartner list
L&T consortium bags Rs 3,800-cr orders
Reliance Infratel scraps Rs6,000cr IPO
Source: ET,BL,UTVi,BS.
Reliance Industries has submitted development plan for eight more gas discoveries in its prolific eastern offshore KG-D6 block. "The discoveries are adjacent to the Dhirubhai 1 and 3 gas fields that are currently under development," said Canada's Niko Resources, which is Reliance's junior partner in KG-D6.
While Dhirubhai-1 and 3 discoveries are expected to start production by end September, it is intended that the eight satellite discoveries would be tied back to the Dhirubhai-1 and 3 facilities. Numerous other prospects have been identified in deeper water areas of the block where further upside potential would be evaluated, Niko said. Reliance is investing US $ 5.2 bn in bringing to production Dhirubhai 1 and 3 fields, with initial output pegged at 40 mn standard cubic meters per day that would double in one years time.
Of this, US $ 3.28 bn has already been invested by June 30, it said. "Fourteen of the planned 18 Phase-I wells will be tied in after start-up," it added. Reliance would also start pumping out from the MA oil field in the same block within a months time. "The field is estimated to have a peak oil production rate of 40,000 barrels per day." The company is investing USD 2.234 bn in developing the MA oil fields in the predominantly gas-rich block. Niko has 10 per cent stake in the 7,645 sq kms KG-D6 block.
Reliance is the operator with 90 per cent interest. The block was awarded to Reliance-Niko in India's first international bid round in 1999. "Development of the Dhirubhai 1 and 3 natural gas fields and the MA oil field is substantially complete and exploration is ongoing on this block," Niko said.
Reliance may export diesel to Pak
-----------------------------------------------
RIL to start crude production from KG basin next month
Hyderabad, Aug. 12 With a FPSO (Floating, Production, Storage and Offloading) vessel set to stream into Kakinada from Singapore shortly , Reliance Industries Ltd is gearing up to extract crude from its Krishna Godavari basin wells by the second half of September.
This will be the first deepwater well in the country to produce crude. The FPSO managed by Aker of Norway is being built at Jurong Shipyard, Singapore, and is being leased by RIL for a three-year period.
The MA Fields in the D-6 block in the KG basin will produce about 40,000 barrels a day. The crude evacuated through pipeline grid set up will be shipped through tankers to refineries, according to RIL officials.
However, the gas produced from the KG wells will be pumped back into the wells as there is no possibility to store the gas. Meanwhile, the onshore gas processing facility at Gadimoga is nearing completion. “After the FPSO moves to Kakinada shores from Singapore, within a couple of weeks we expect production to commence from these wells. Initially, it could be about 15,000 barrels a day to be gradually ramped up to 40,000 barrels a day,” the official explained.
Asked about the gas production in the KG basin, the official said that most of the installations and pipeline work of 1,400 km from Kakinada to Bharuch had been completed barring small link-ups. The undersea equipment has been procured. It is likely that by the fourth quarter of this year, the gas wells will be ready for production.
Our Mumbai Bureau adds:
Dhirubhai-I, the floating oil production unit chartered by Reliance, has been built by converting a large tanker in Singapore .According to information reaching here from Singapore, the floating unit left Jurong yard last Wednesday and is scheduled to arrive at the eastern coast of India by Friday.
The floating oil unit is on a 10-year charter from the Norwegian company Aker and the initial contract value was $750 million. Aker will also operate and maintain the FPSO under a separate five-year contract.
Once the FPSO is anchored and connected to the oil wells, which is expected to take at least two weeks, oil production from a developed field can commence within a month, said an oil industry expert.Unlike normal tankers, which need dry-docking at least every two years, the FPSO is designed to operate for 10 years without dry-docking.
Dhirubhai-I can process 60,000 barrels of oil and 15 million cu m of gas a day and can store 1.3 million barrels of oil.The 8.86 lakh dwt tanker –S.T.Polar – was originally built in the US. The refitting at the Singapore yard is expected to extend the 25-year-old vessel’s life by 15 years.
Other top news
Two India-origin persons among Forbes top-paid young CEOs list
India's sugar exports soars to 43 LT till first week of Aug
Inflation a concern; growth should not be compromised: PM
Nepal:Reliance close to Highway deal
Insurance to touch Rs 20 bn by 2010
Insurers relax as IRDA defers MTM
Govt may allow duty free steel export
Bonanza for babus
SBI, ICICI Bank in race for rural salary accounts
Hindalco to sweeten rights with 3:7 offer
SCI to buy vessels for up to $3 bn
Tata Steel’s Vietnam deal - a good mining
Satyam rating in Gartner list
L&T consortium bags Rs 3,800-cr orders
Reliance Infratel scraps Rs6,000cr IPO
Source: ET,BL,UTVi,BS.
Sensex emerges as the best of the world indices
Sensex emerges as the best of the world indices
After suffering the ignominy of languishing among the worst-performing markets for the past few months, matters have slightly improved for India. Outlook on equities continues to remains dismal —barring the occasional surge — but Indian equities have shown better resilience than what most market watchers had expected it to. After a fall in more than a third of its value in the six months of CY2008, the Sensex has rebounded remarkably to become the best-performing index amongst major indices in the last month. Easing of crude prices has provided some relief to the bulls who have been battling a flood of negative newsflow for the past few months. The price of crude has fallen by 20% from its peak of close to $150 a barrel. This has reduced the inflationary pressures to some extent, though experts feel it is too early to celebrate.
Indian shares, one of the worst performers in the first six months of the year, is gradually regaining some of its lost ground. A return to a degree of political stability after the trust vote as well as the strengthening rupee made Sensex the outperformer in the list of major global indices. The BSE Sensex recorded a rise of 18% in the period since July 15 — the day when all global markets were at their latest bottom. Capital goods, banks and realty — the sectors most impacted in the crash propelled the resurgence. Those sectors possess a high beta — indicating a greater correlation to the benchmark index, which entails that these sectors outperform the index in good times.
Slowing crude oil prices have not yet impacted consumer inflation figures, as the US inflation rose at the fastest rate in 17 years on account of energy and food prices. Despite the pessimism, a renewed confidence in the dollar brought cheer to US markets with the Nasdaq and Dow Jones posting positive returns. The exchanges registered returns of 12% and 6%, respectively, with investors anticipating inflation to cool off as reduced oil prices find their way to the inflation index. Whilst a correction in commodity prices brought about a relief to the Indian and American markets, economies dependent on commodities crashed further. The Brazilian Stock Exchange declined as investors grew sceptical on the commodity-driven economy. Commodities account for the entire export revenue growth, allowing for increased imports without worsening the trade balance. BOVESPA, the Brazilian benchmark index, declined by a further 12% in the period since July 17 as investors developed cold feet on the largest Latin American economy.
Lower inflation figures notwithstanding as well as the euphoria over the Olympics, the Shanghai Stock Exchange recorded a further fall of 8% in the past month. Market forecasts that the high producer price inflation figures reflect consumer prices to rise in the coming months in the world’s thirdlargest economy. Other Asian markets like the Nikkei in Japan and Hangseng in Hong Kong remained stable, registering marginal increases. European markets have gained in the past month despite fears of a recession in the UK. The FTSE 100, the London Stock Exchange, surged 8% despite deterioration in economic outlook for the nation. Similarly, despite a contraction in its economy in the last quarter, German markets remained largely positive on the future. The DAX grew 6% on optimism that cooling crude and a weakening euro will boost Europe’s largest economy in the coming months.
Other Stock reports from various sources:
FIIs sell shares worth Rs 1,195 cr this week
Hindalco fixes rights issue price at Rs 96 per share
Religare assigns 'buy' to Sarda Energy & Minerals; target Rs 404
Emkay put 'buy' on Elder Pharma; target of Rs 535
Indirect tax collection up 13.5% in July
FIIs net sell Rs 574cr, DIIs net buy Rs 23cr
Public sector firms must wait till Dec
Sun clears US regulatory hurdle for Taro
Govt allows pvt PFs to invest 15% funds in stock markets
Market runs out of steam after rallying for 5 week...
Time Technoplast /Dividend Stocks
Corporation Bank /United Breweries
IIP Numbers, Panacea Biotec
Bharati Shipyard /Solar Explosives
India Strategy / Value Scanner
Source:ET,deadpresident blog.
After suffering the ignominy of languishing among the worst-performing markets for the past few months, matters have slightly improved for India. Outlook on equities continues to remains dismal —barring the occasional surge — but Indian equities have shown better resilience than what most market watchers had expected it to. After a fall in more than a third of its value in the six months of CY2008, the Sensex has rebounded remarkably to become the best-performing index amongst major indices in the last month. Easing of crude prices has provided some relief to the bulls who have been battling a flood of negative newsflow for the past few months. The price of crude has fallen by 20% from its peak of close to $150 a barrel. This has reduced the inflationary pressures to some extent, though experts feel it is too early to celebrate.
Indian shares, one of the worst performers in the first six months of the year, is gradually regaining some of its lost ground. A return to a degree of political stability after the trust vote as well as the strengthening rupee made Sensex the outperformer in the list of major global indices. The BSE Sensex recorded a rise of 18% in the period since July 15 — the day when all global markets were at their latest bottom. Capital goods, banks and realty — the sectors most impacted in the crash propelled the resurgence. Those sectors possess a high beta — indicating a greater correlation to the benchmark index, which entails that these sectors outperform the index in good times.
Slowing crude oil prices have not yet impacted consumer inflation figures, as the US inflation rose at the fastest rate in 17 years on account of energy and food prices. Despite the pessimism, a renewed confidence in the dollar brought cheer to US markets with the Nasdaq and Dow Jones posting positive returns. The exchanges registered returns of 12% and 6%, respectively, with investors anticipating inflation to cool off as reduced oil prices find their way to the inflation index. Whilst a correction in commodity prices brought about a relief to the Indian and American markets, economies dependent on commodities crashed further. The Brazilian Stock Exchange declined as investors grew sceptical on the commodity-driven economy. Commodities account for the entire export revenue growth, allowing for increased imports without worsening the trade balance. BOVESPA, the Brazilian benchmark index, declined by a further 12% in the period since July 17 as investors developed cold feet on the largest Latin American economy.
Lower inflation figures notwithstanding as well as the euphoria over the Olympics, the Shanghai Stock Exchange recorded a further fall of 8% in the past month. Market forecasts that the high producer price inflation figures reflect consumer prices to rise in the coming months in the world’s thirdlargest economy. Other Asian markets like the Nikkei in Japan and Hangseng in Hong Kong remained stable, registering marginal increases. European markets have gained in the past month despite fears of a recession in the UK. The FTSE 100, the London Stock Exchange, surged 8% despite deterioration in economic outlook for the nation. Similarly, despite a contraction in its economy in the last quarter, German markets remained largely positive on the future. The DAX grew 6% on optimism that cooling crude and a weakening euro will boost Europe’s largest economy in the coming months.
Other Stock reports from various sources:
FIIs sell shares worth Rs 1,195 cr this week
Hindalco fixes rights issue price at Rs 96 per share
Religare assigns 'buy' to Sarda Energy & Minerals; target Rs 404
Emkay put 'buy' on Elder Pharma; target of Rs 535
Indirect tax collection up 13.5% in July
FIIs net sell Rs 574cr, DIIs net buy Rs 23cr
Public sector firms must wait till Dec
Sun clears US regulatory hurdle for Taro
Govt allows pvt PFs to invest 15% funds in stock markets
Market runs out of steam after rallying for 5 week...
Time Technoplast /Dividend Stocks
Corporation Bank /United Breweries
IIP Numbers, Panacea Biotec
Bharati Shipyard /Solar Explosives
India Strategy / Value Scanner
Source:ET,deadpresident blog.
Dow's 30 titans
The 30 titans in Dow Jones' India index
August 14, 2008
Dow Jones has announced a new blue-chip index for India to track stocks that they feel are the largest and most liquid stocks traded in the country. It will be licensed, says News Corp boss Rupert Murdoch (News Corp now owns Dow Jones), to financial institutions as the basis for investment products, such as exchange-traded funds.
The index will be calculated both in terms of the dollar and the Indian rupee and will be reviewed every March.
The India Titans Index, as it has been christened, will track 30 companies. Topping the list -- and this should not come as a surprise to anyone -- is one of India's richest companies, Reliance Industries Limited.
According to the company website, one of every four investors in India is a Reliance shareholder. The company, which has more than 3 million share holders, has reported and annual turnover of $35.9 billion and a profit of $4.85 billion for the year ending March 2008.
Reliance's core competency is the oil business, but it has successfully diversified into many businesses including petroleum products, petrochemicals, textiles, plastics and the retail industry.
Reliance has been listed in Fortune's Global 500 list for the fourth year in a row; it has improved its ranking from 269 last year to 206 this year.
The company, which was launched by Dhirubai Ambani in 1966 and is now led by Chairman and CEO Mukesh Ambani, was also listed among the Top 200 companies in terms of profit and among the top 50 companies when it came to increase in revenue. It has been ranked among the 25 fastest climbers by Fortune and as one of the world's 25 most innovative companies by Business Week.
For full article:Dow's 30 titans
SOurce: Rediff
Subscribe to:
Posts (Atom)