Venture Capital, PE News

From the Source of http://www.vccircle.com

Tourism Finance Corp To Sell Stake; Also To Raise $100M-PE Fund Focused On Hotels

Jobs: VP/SVP – Hedge Funds/FII Structured Products Sales; Mumbai

Bharti Will Eventually Sell Majority Stake In Tower Business

3i India Infrastructure Fund Announces First Close At $500 Million

Almondz Ties Up With UK’s Noble Group; To Launch Private Equity Funds

Intas Biopharma Gets Investment From Four Foreign Funds

Exclusive: Travelguru Acquires Hotel Booking Website Desiya

New York PE Fund Cerberus Capital Also Plans India Presence: Report

Everest Kanto Cylinder Raises $22.5 Million From TVG Capital, CLSA Private Equity

Real Estate Deals: Nitesh Estates, Red Fort Capital, Vatika Group

PE-backed Shriram EPC Files For IPO

ESPN Star Sports Interested In Digital Media Cos; Zodiak Buys 35% In Sol

Deepak Fertilisers Backed Private Equity Firm Crossover Raises $200M

NetXcell Raises $1 Million From Ike Lee, Ruderman Capital

Global Assets Holding Raises $140 Million For Telecom Infrastructure, Network Services Biz

MakeMyTrip Raises $15 Million In Series C From Tiger Fund, Existing Backers

SVB Plans Venture Lending, Commercial Banking In India

From the Source of www.indiape.com

Tourism Finance Plans $100 Million Fund
Sabre Capital in talks to acquire DBS Chola
Lupin acquires Japanese drug-maker
IDFC arm to raise $700 million
Advent buys stake in MF registrar for $90 million
Standard Chartered PE puts 16% of Asia corpus in India
PFC in talks with PE players for fund recast
RBI calls for curbs on PN, PE inflows
Policy unease over rising PE inflows
Real estate fund to invest $10bn over 10 years in India
Flood of private equity
Mauritius-based FIIs to pick up 47% in Intas' biotech arm
3i holds first closure of USD 1-bn India Infrastructure Fund
IDFC eyeing IFCI`s 26% stake
RBI concerned about private equity flows

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ET Headlines

Economic Times.Com

R-ADAG joins hands with OLPC to promote e-learning in India
CCCL to list on bourses on October 15
Australia likely to invest in India's processed food sector
'Among BRIC nations, India is the future'
Liberty ties up with UTV to enter cable market


LeagueOne to invest Rs 55 cr on networked retail outlets
Airtel announces launch of 8 Mbps broadband in India
Bharati Shipyard bags $89.28 mn Shipping Corp order
Blackstone, Carlyle eye microfinance
Farmers to be stakeholders in SEZ
Media shares up on Adlabs-Katch 22 deal

Sabre Cap, Temasek eye DBS Chola
PNB to foray in Australia, Canada soon
L&T enters into share sales deal with Malaysia's Tamco
Om Shanti Om & Saawariya kick off record marketing blitz
Value of India's equity deals till September is $60-bn
Rathi Bars plans Rs 250 mn IPO



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Corporate Updates

Rediff.Com

Home, car loans to be cheaper
Infosys revenues cross $1 bn in Q2
Railways to sell perfumed tickets!
SBI to offer reverse mortgage loan
Infy Q2 net up 18% at Rs 1,100 cr
IFCI suitors worried about stake

Lupin buys Japan's Kyowa Pharma
Indian films: Overseas biz is vital
Railway staff to get highest bonus this year
Maruti, Suzuki Motor ink JV with Fiat group co
17 Indian-American-led firms in Deloitte's Fast 50 list for New Jersey
Birla-Lodha case: HC sets aside administrators' appointment


MoneyControl.Com

L&T buys Malaysian switchgear co
Koutons Retail to list on October 12
Bajaj Auto launches the new 200 cc Avenger DTS-i
Power Min for fiscal reliefs to energize power sector
Suzlon receives Euromoney-E&Y Global Renewable Energy Award

New rehab policy for industrial projects’ victims
Renuka Sugars to benefit from ethanol policy
Core Projects in JV with NASA’s Centre of Higher Learning
New deals at 3-4% higher prices: Infy
Eicher Motors to hike prices from Oct 20: Srcs
PowerGrid plans Rs 16,500-cr investments
RBS buys ABN Amro for 70 billion euro


Business Std

Kotak Private Equity to invest $10mn in Intas Bio
GM offers Rs 53,000 discount on Spark
Sebi tells advisors to reveal earnings
Rel Retail to open 100 Reliance Trends stores
Cabinet okays Rs 660cr bonus for Railways staff
'Infra development could add 2% to India's GDP'
FC to fund Tata Power's 4,000 MW Mundra UMPP
R-ADAG to ally with Negroponte's OLPC project
Wipro to take over NSN's radio R&D unit in Berlin
SBI, ICICI Bank cut loan rates sharply



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Results Updates

Infosys (consolidated) net up 18% in Q2 (Update)

CONCOR net down 8.05% in Sep` 07 qtr

Concor Q2 net profit at Rs 174.10 cr

Result Calendar

12, October 2007

H D F C BANK

ABAN OFFSHO

EXIDE INDU

GEOJIT FIN

L G BALAKRISHNAN

OMNINTECH

RALLIS INDIA

TATA METALIKS

MOLD-TEK PL.

N E P C AGRO

N E P C INDIA

Further results information, Visit

http://www.myiris.com/shares/resultWatch/index.php

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Infosys Q2 Results

Infosys Q2 net profit up 4.47% QoQ, 18.4% YoY

INFOSYS TECH 1976.00 2124.55 -6.99

MUMBAI: Infosys Technologies Ltd has reported a consolidated net profit of Rs 1,100 crore for July-September, up 1.9 per cent from Rs 1,079 crore in the quarter ended June 30. Net sales on consolidated basis stood at Rs 4,106 crore in the second quarter, up 8.8 per cent from Rs 3,773 crore from the immediate quarter.

Year on year, the company's net profit grew 18.4 per cent and net income 19 per cent. At 11:37 am on BSE, Infosys stock was Rs 1,996, down 6.05 per cent from Wednesday.

STANDALONE BASIS The IT major’s net sales for July-September stood at Rs 3,862 crore compared with Rs 3,551 crore in the preceding quarter. Other income for the quarter was Rs 154 crore, compared with Rs 253 crore in Apr-Jun. Operating profit margin in the September quarter was higher at 31.27 per cent versus 28.73 per cent in the June quarter, despite rupee rise. Net profit was at Rs 1,074 crore against Rs 1,028 crore in the April-June quarter.

DIVIDEND The company has declared an interim dividend of Rs 6 per share.

CLIENTS Infosys added 48 news clients and 8,543 employees during July-September.

GUIDANCE The IT bellwether sees October-December earnings per share at Rs 20.11, which implies a growth of 4.46 per cent quarter on quarter. EPS for 2007-08 (Apr-Mar) is seen at Rs 79.49-79.88. FY08 revenue is estimated Rs 16,588-16,648 crore. This implies a growth of 19.4-19.8 per cent. Dec quarter outlook under Indian GAAP – consolidated Income expected in the range of Rs 4,238-4,258 crore; year on year growth of 16.0-16.5 per cent EPS expected to be Rs 20.11; growth of 14.0 per cent on year


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Sensex marches on, ends 156 pts up at 18,814

Sensex 18814 (156)
Nifty 5525 (84)

It was a weak outing for IT stocks as quarterly numbers of sector bellwether Infosys Technologies fell short of market expectations. The surging rupee dented the company's revenues to a marked extent. Though the company revised upward its guidance for fiscal 2008, market participants appeared least inclined to build up positions in IT stocks today. On the contrary, they kept selling at these counters almost right through the session.

The broad market, notwithstanding some sharp gains posted by select old economy stocks, struggled to make a headway till about an hour past noon. However, led by capital goods stocks, auto, bank, pharma, FMCG, realty and metal stocks rallied higher in afternoon trade.
The Sensex, which had slipped into the red to 18,536.97 after hitting a high of 18,779.68 in morning trade, spurted smartly and zoomed past 18,800 to a new lifetime high at 18,832.65 during the final hour of the session. It finally settled at 18,814.07, netting a handsome gain of 155.82 points or 0.84%.

On the National Stock Exchange, the 50 stock Nifty index, which hit a new high at 5532.75, ended at 5524.85 with a sharp gain of 1.53% or 83.40 points.
Mahindra & Mahindra, which turned in a sparkling display today, moved up by as much as 7.65%. ONGC surged 5.7% to Rs 1066.45. Grasim Industries recorded a strong gain of 4.15%. BHEL, ACC, Larsen & Toubro, Hindalco, Tata Motors and ITC gained 3% - 4%.

HDFC Bank ended with a gain of around 2.6%. ICICI Bank and State Bank of India closed higher by 2% and 1.1% respectively. Telecom stocks Reliance Communications (2.35%) and Bharti Airtel (2.25%) gained smart ground.

Infosys Technologies eased by around 6.95% to Rs 1976. Satyam Computer Services lost 7.5% as it settled at Rs 447.95. Tata Consultancy Services (down 4.7%) and Wipro (down 2.95%) also closed on a weak note.

For further, Visit : Sensex marches on, ends 156 pts up at

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Day's Quote/Corporate Story

Quote of the Day

" True victory is not about finishing first; it is about finishing regardless of how many times you fall."

Personality / Corporate of the Day

Shiv Nadar

Shiv Nadar is an Indian businessman and educationalist and is the current Chairman and CEO of HCL Technologies. Nadar, known as Magnus (Wizard in Persian)[citation needed] amongst his friends, founded HCL in 1976 along with Ajai Choudary and three more colleagues.[citation needed] Today, HCL is a IT Enteprise consisting of HCL Technologies, which focuses on Software and IT Solutions and HCL Infosystems, IT manufacturing and product reseller. A native of Moolaipozhi village in Tuticorin District (Tamil Nadu)[citation needed] he graduated from PSG College of Technology.[citation needed] Nadar started an engineering college - SSN College of Engineering in 1996[citation needed]Forbes has been listing him in the Top 500 Richest people in the World and Top 40 Richest Indians since 2000.[citation needed]

Further, Visit : http://en.wikipedia.org/wiki/Shiv_Nadar

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Headline from ET

Economic Times

Aptech ties up with US developer of IT certification exams
Govt allows over 20k tonne sugar export to EU
BPTP plans an IPO early next year; to raise Rs 1,500 cr
3i holds first closure of $1-bn India Infrastructure Fund
Sept car sales up 11.67 pc; bike sales dip 18 pc
Gitanjali readies Rs 2k cr for Bengal SEZ, institute
Nokia holds 53% market despite faulty battery
Shreyas Ship to buy vessel for about Rs 500 mn

Air India gets $1.23 bn Export-Import Bank loan guarantee
Two Rs 500-cr funds to ensure credit flows to poor
LICbs equity kitty now Rs 150k cr
Reliance Energy touches 52-week high
IVRCL up 2.02% on Rs 761.24 cr order
Parsvnath up at Rs 359.70 on SEZ project
Moser Baer climbs on VCD plans


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Result Updates

PFC Q2 net climbs 22.52%

New Delhi-based Power Finance (Q, N,C,F)* Corporation (PFC), a key lender to power companies, registered a growth of 22.52% in earnings for the second quarter ended September 2007, helped by healthy growth of revenues. During the quarter, the company witnessed a rise in profit to Rs 2,822.23 million from Rs 2,303.52 million in the same quarter, last year.

The total income for the quarter rose 37.94% to Rs 12,275.85 million compared with the corresponding quarter, a year ago
---------------------

iGate Q2 FY08 net profit up at Rs 22.9 cr

South Indian Bank Q1 net profit down at Rs 35.6 cr

Kerala-based South Indian Bank, a scheduled bank, reported a fall of 14.31% in net profit for the quarter ended September 2007, on substantial fall in operating margin of 238.64 basis points, despite healthy revenue growth rate. During the quarter, the bank saw fall in profit to Rs 356.90 million from Rs 416.50 million in the same quarter, last year.

Prime Securities net up 2.54 times for Sep`07 qtr

Jay Bharat Maruti Q2 net jumps 78.32%

Bihar Tubes net rises 5.93 times for Sep`07 qtr

Bihar Tubes disclosed a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 5.93 times rise in profit to Rs 39.9 million from Rs 6.72 million for the quarter ended September 2006. Net sales for the quarter rose 12.50% to Rs 627.4 million compared with Rs 557.66 million in the corresponding quarter, a year ago.

Jyoti net rises 5.30 times in Sep`07 qtr

Spice Communications swings to loss on QoQ basis

Supreme Industries net falls 5.57% in Q3

Indowind Energy net at Rs 23.11 mn in Sep`07 qtr

Posting its first financial result after listing on the exchange, Chennai-based Indowind (Q, N,C,F)* Energy posted a net profit of Rs 23.11 million on net sales of Rs 32.47 million in the quarter ended September 2007.

Results Calendar
11 October,2007

INFOSYS TECH

CONTAINER COR
IDEA CELL

SINGER INDIA
SOLAR EXPL
T C I FIN

ABHISHEK IND

BHARAT SEATS

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