Headlines from ET and others

From ET

New York co to invest $100 mn in India
Citi elevates India investment banking head
Amtek sees $16-18 mn cost savings from UK acquisition
M&M may be back in race for Ford brands
Maruti bags order for 300 'Versa' from Orix

Matrix Partners India expands fund to $450 million
IDBI opens branches in Mumbai, Salem and Jhansi
Blackstone pays $65 mn for 25% stake in Hyderabad firm
Temptation Foods acquires CFCL's food processing division
GHCL to bring Rosebys to India


CERC proposes norms for telecom biz by transmission firms
Sterlite to invest Rs 40,000 cr in power sector
Welcome power exchange despite innate economic flaws
Kalpataru bets big on power generation biz
Raillways, NTPC join to set up 1,000-MW power plant


Usha Martin to sell subsidiary
Areva T&D to double capacity
Siemens aims to double India sales in 3 years
Steel production target increased to 80 MT by 2010
Steel prices may go up if input cost surge: SAIL

Pratibha Ind bags Rs 58.92 cr residential contract
Inflation at 2.97% on October 27
Business executives most optimistic on inflation, economy
MF corpus at all-time high of Rs 5.60 trillion in Oct
Blackstone investment tally here now at $900 mn this year


Goldman's 9-month executive pay tops Bear Stearns value
Stocks to watch: Shalimar Paints, Tata Tea, Biocon, Lupin
Market volatility: High net worth investors back IPOs
PSU stocks join the Diwali party
ICRA assigns Grade 3 to BGR Energy Systems IPO
Mold-Tek acquires US co; plans to raise $6 mn

Banks shore up profits despite falling NIMs
CRR hikes failed to bring down money supply growth
UTI AMC looks to foreign banks for pre-IPO deal
Controlling capital inflows without collateral damage
Mittal eyes 50% stake in HPCL arm

Shares set to rise further in 2008: JPMorgan
Capital goods sector: The star performer
Stocks to buy; REL, TCS, UCO Bank
Religare posts 'buy' on PVR at Rs 277
ICRA assigns Grade 3 to BGR Energy Systems IPO

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From Myiris.com

Reliance Power secures another ultra mega power project
Redington India likely to acquire NBFC
Brokers` Outlook: Investors to rule `Muhurat` session on Oct. 9
Bank of England holds rate at 5.75%

Monnet Sugar swings to profit in Sep`07 qtr
Active Stock: UTV surges 7% on news of Disney hiking stake 08
RIL bags 2 oil blocks in Iraq
RPL banned from futures trading


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From Moneycontrol.Com

Diwali cracker stocks from experts
Dazzling picks to light up your Diwali
Reliance Capital has target of Rs 2600
Bajaj Hindustan can go upto Rs 230-235
Prized midcap picks you shouldn't miss
Best stocks to buy in volatile mkts
Value v/s Price Equation – Know it all
Mkts on uptrend, could see bouts of correction: Re...
Mundra Port IPO subscribed 116x; gets bids of USD ...
Mundra Port an excellent issue: Tulsian

Rel Power set to bag Krishnapatnam UMPP



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IPO Info

What caused Religare, Mundra to oversubscribe so much?


Some of the listed IPOs Performance as on 08.11.2007

http://www.moneycontrol.com/ipo/ipoissues/ipoissues.php?s=LI

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Kolte Patil Developers Limited IPO - Kolte Patil IPO opens on 19th

Onmobile Global Limited IPO gets CRISIL IPO grade 4

eClerx Services Limited IPO gets a CRISIL IPO Grading of 3

Mundra Port IPO allotment chances looks good

Edelweiss Capital IPO Grading : Manages CRISIL IPO Grade 4

Larsen & Toubro GDR issue : L&T to go in for a GDR issue

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UTI MF plans IPO by mid-Feb

Valuation of Edelweiss Cap looks attractive: SPA Sec

Gokul Refoils to raise 150 cr through IPO

Pyramid Saimira to launch IPO for production unit by Nov

Mundra Port IPO subscribed 116x; gets bids of USD 51.5 bn

Bharat Oman Refinery IPO by March 2009


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Job alerts and blog roundup

Analyst openings in Altos Advisory Services
From the Company:Altos is looking for Business Resource Executives and Financial Analysts. As a member of the Altos team, you can look forward to a rewarding career because Altos supports analysts with complete brokerage solutions including state-of-the-art risk management solutions and also round-the-clock research coverage from Chicago, New York, London, Dubai and Tokyo.If you have a penchant for the trade, we would like to hear from you. Write to us at career@altostrade.comFor more information visit company website at:http://www.altostrade.com/

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Analyst Openings in D.E Shaw India
Vacancies in Finance:1)Analyst - Financial Operations 2)Analyst, Global Private Equity Group 3)Manager, Financial Research 4)Senior Analyst, Financial Operations 5)Senior Analyst, Financial Research For details on these job profiles visit:http://www.deshawindia.com/positions-open.htmTo submit your Resume ue this link:http://www.deshawindia.com/careersmain.asp

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Win 25,000 with TCS smart manager contest
The smart manager contest by TCS brings a case study for which if you can give a good analysis you stand to win Rs. 25,000.To read the case study and submit the answers visit:http://www.thesmartmanager.com/tcs/tcscasestudy.asp

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3 Stock Picks to Grab on Market Corrections
The markets have been largely volatile with a good amount of correction happening.This brigs a good opportunity for long term investors to consider exposure to some quality stocks.Listed are 5 such stocks which can be good buys in corrections.1)Reliance Petroleum Ltd-The stock had a great rally and has correct some bit from its highs.With the project completion ahead of schedule and condsidering the high grade technology for the refinery the stock is good buy and accumulate considering a 3-5 year investment horizon for wonderful returns.2)Parsvnath Developers Ltd-This stock has dissapointed a lot in the markets but its plans are getting bigger and bigger and the efficiency of the management is clearly on display with projects being started and things happening as promised.With several triggers round the corner such as SEZ stake to FII's,foreign operator for its hotel business and a major upside in Q3 and Q4 results expected the stock looks very attractive at current levels and can give handsome returns.3)KEC International Ltd-This stock has been flying high and has still lot of steam left in it.The sector gives a major advantage as it has huge potential and it is being reflecting in the companies financials.With huge projects in hand from both India and overseas there is earnings visibility for next few years and the power sector growth will bring in more big projects to one of the largest companies in the world for Power - Transmission/Equipment.Certainly a stock to look out for and buy at every declines.

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Jindal Photo Ltd. stock prospects
Company:Jindal Photo Ltd.Industry: Photographic & Allied Products CMP:247.35 PE Ratio: 9.24Recommendation:Outperformer

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Aegis Logistics Ltd. stock prospects
Company:Aegis Logistics Ltd.Industry:Trading CMP:181.70 PE Ratio:12.58Recommendation:Outperformer

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We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.kpowave.blogspot.com and that authors other blogs and and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Request viewers to make verification about the information and take own risk/decision in stock buying. Blog is not responsible for any faulty information.

VC Updates from VCCircle.Com, Indiape.Com

From VCCircle.Com


Springer May Sell Its Indian Outsourcing Arm Scientific Publishing Services

Ramky Group May Get $100 Million From Lehman Brothers

Shalimar Paints An “Ideal Buyout Candidate”: Report

US PE Fund Baseline Partners Launches In Hyderabad With $100 Million Corpus

OnMobile IPO Gets Above Average Grade From CRISIL; To Raise Rs 350-450 Crore

Movie Distribution Houses Like Shemaroo In Talks With Private Equity Funds

Indian Defence Supplier MTAR Technologies Gets $65 Million From Blackstone

New Ventures Says It Helped 3 Green Startups Raise $4 Million

HSBC To Invest $1.1 Billion In India In Private Equity And Real Esate

Matrix Partners Trebles Fund Size To $450 Million; To Make Growth Capital Investments Of $10-30 Million

News Roundup: Aastha Broadcasting, Appu Hotels, MChek

DTH Company Tata Sky In Talks With PE Firms To Raise $150-200 Million

Mumbai Based Indigo Restaurant Talking To VCs

24/7 Learning Raises $4 Million From Capital18, Venture Capital Arm Of Network18

Kirusa Gets $3 Million More In Series C Funding From Qualcomm Ventures, Others

Retail-Focused Startup Jasper Gets Angel Funding

Avesthagen Set To Buy A Delhi Seed Company

Bajaj Auto Buys Stake In European Sports Bike Maker KTM For $76 Million

Videocon Buys Music Retail Chain Planet M For Rs 200 Crore

Sony Entertainment Television May Sell Stake To Private Equity Investors

Clearwater Capital Partners Invests In BSEL-Led Real Estate Project

Eredene Capital, Apeejay Surrendra Team Up for Logistics Park In Haldia

Tech I-Bank Chesapeake Sets Up India Office; Hires Infosys’s Siddhartha Padam

Ess Dee Aluminium Readies Rs 600 Crore Acquisition Warchest

Infosys BPO To Enter Legal Process Outsourcing Business

“The Market For Protein Sequencers Is Worth $20 Billion”

Leela Group Set To Get $1.25 Billion Funding From US Fund, Probably Blackstone

Citi’s Chuck Prince To Quit Sunday; Will Vikram Pandit Get The Top Job?

France’s Eliokem Buys Apar’s Polymer Business For $28 Million

3i And Other Investors Looking To Exit Nimbus Communications: Report

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From Indiape.com

Usha Martin to sell cable subsidiary
ICICI Ven to buy Karvy stake

Wexford Capital entered India with a $100 million PE fund
Blackstone invested $65 mln in MTAR Technologies

IFCI stake sale may be delayed
Tata Sky to raise up to $200 mn from PE players

HSBC set for PE play in India
Amtek may buy UK co for Rs 600 crore

Realty accelerates India to top PE slot in Asia
India overtakes China in PE funds

Videocon to buy Planet M
Unitech promoters may buy up to 40% stake in Orissa Sponge

PE biggies queue up for 32% in SET
PIPE deals popular even as markets soar

Bajaj buys into Europe’s No. 2 sports-bike maker

India overtakes China in PE funds
by Sanjeev Bhalla on Tue 06 Nov 2007 10:33 AM IST
Private equity (PE) investment in India has overtaken China this year to emerge as the biggest Asian destination (excluding Japan) for PE funds. Investments have crossed $10 billion between January-October as against $8.3 billion recorded in China in the same period, says a report from investment advisory firm IndusView. China received $13 billion worth of PE investments in 2006 compared to $7 billion in India during the same period. The equation has, however, changed since then with India leading the Asian charts this year. Real estate and infrastructure emerged as the top sectors attracting PE investment in India this year accounting for half of the total PE money flowing into India through 52 deals. Out of this, real estate received $2.6 billion through 32 deals. Real estate as a sector was closely followed by telecom with $ 2.1 billion worth of PE investments



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Corporate/Personailty of the Day

Ajit Jain

Ajit Jain (अजित जैन) (born, 1951 in India) is a businessman who currently heads several reinsurance business for Berkshire Hathaway[1] and has been touted as a possible successor to Warren Buffett.[2]
Jain's potential rivals to head up Berkshire when Buffett departs are Joseph Brandon, who heads up Berkshire Hathaway's General Re Corp., whose offices in Stamford, Connecticut are about a mile away from Jain's; Richard Santulli, who runs NetJets Inc., an operator of private jets; and Tony Nicely, chief executive officer of Berkshire Hathaway's GEICO Corp.[3]

For more, Visit: http://en.wikipedia.org/wiki/Ajit_Jain




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.

How did RPL fare versus all domestic OMCs?

How did RPL fare versus all domestic oil refining and marketing companies with regards to their valuations and capacities? CNBC-TV18’s analysis throws up some interesting findings.
RPL has basically higher GRMs (Gross Refining Margins) compared to most other companies. Most of it is because of the latest machineries and technologies that RPL uses, produces estimates of about USD 15-18 per barrel of GRMs versus USD 6 of other companies.

A look at all the oil and marketing companies versus RPL will reveal what is in store. All these are 2010 estimates because RPL will go on-stream in 2010. So CNBC-TV18 analysis considered 2010 estimates.

The total revenue is close to about Rs 4,74,481 crore for all the oil and marketing companies put together versus Rs 21,908 crore for RPL – these are 2010 estimates.

PAT (profit after tax) for all the other oil and marketing companies is estimated to be close to about Rs 10,416 crore versus 2010 PAT of about Rs 7,424 crore for RPL. PAT is low for all these oil and marketing companies put together on those higher sales is because these companies have lower GRMs.

A look at the refining capacity reveals that RPL will have a refining capacity of close to about 28 million tonnes per annum versus the refining capacity of all the oil refining and marketing companies put together is about 117 million tonnes. That means that RPL has one-fifth the refining capacity of all the oil and marketing companies put together.

A look at the refining capacity reveals that RPL will have a refining capacity of close to about 28 million tonnes per annum versus the refining capacity of all the oil refining and marketing companies put together is about 117 million tonnes. That means that RPL has one-fifth the refining capacity of all the oil and marketing companies put together.

Having said that, MCap of all the oil and marketing companies is still lower than RPL. RPL’s MCap is about Rs 120,000 crore versus Rs 100,000 crore of all these oil refining and marketing companies.

CNBC-TV18 and other estimates value other oil refining companies less aggressively than RPL. Why these companies are conservatively estimated is because of the subsidy burden, which these companies have. The marketing losses that PSUs and other companies have to take have also been considered.

At some point in time, these marketing companies will be profitable. So the lower estimates that have taken on PAT will increase aggressively. Having said, that analysts are not saying that RPL is expensive or the other oil and marketing companies are cheaper at this point in time. They are just giving a comparison between all the other oil refining and marketing companies versus RPL at this point in time.

RPL’s EPS is close to about 16.5 in 2010 versus all the oil refining and marketing companies; it is close to about Rs 202. So one can imagine the difference over there, also price to earnings ratio of RPL in 2010 is estimated about 16.1 versus 9.6 - that is the average price to earnings ratio of 2010 of other oil refining and marketing companies.

These are just comparisons, analysts are not saying that one thing is cheaper than the other or one thing is more expensive than the other. These are just comparisons between other oil refining and marketing companies and RPL.

OIL COS FY10e
(Rs Cr) Revenue PAT
IOC 2.35 lk 5,205
BPCL 1.02 lk 1,601
HPCL 82,909 1,595
Bongaigaon 5,909 331
Chennai 21, 854 670
MRPL 26,191 1,014
Total 4.74 lk 10,416

OIL COS FY10e
(Rs Cr) Revenue PAT
RPL 51,908 7,424

OIL COS FY10e
(Rs) EPS
IOC 43.70
BPCL 44.30
HPCL 47.10
Bongaigaon 16.60
Chennai 45
MRPL 5.80
Total 202

OIL COS FY10e
(Rs) EPS
RPL 16.50

OIL COS MKT CAP
(Rs Cr)
IOC 55,650
BPCL 10,170
HPCL 8,050
Bongaigaon 1,376
Chennai 4,830
MRPL 13,901
Essar 5,851
Total 99,828

OIL COS MKT CAP
(Rs Cr)
RPL 120,802

OIL COS VALUATIONS
FY10e P/E
IOC 11x
BPCL 7.6x
HPCL 5.0x
Bongaigaon 4.2x
Chennai 7.1x
MRPL 13.8x

Total 9.6x
RPL 16.1x

OIL COS CAPACITY
Refining mtpa
Total ex-RPL 148.97
IOC 60.2
HPCL 13.4
BPCL 22.3
Essar 10.4
ONGC+MRPL 10.4

REFINING CAPACITY
mtpa
RPL 28

ANALYSING RPL
-GRMs higher than most other companies
-Higher GRMS due to latest machineries, better technology
-GRM estimate of $15-17/bbl Vs $6/bbl for others
-RPL refining capacity of 28 mtpa Vs 117 mtpa for others
-Mkt cap of all other refining, mkt cos still lower than RPL
-Subsidy burden hits state run oil refininy companies
-Other oil refining cos have higher profits even after a/c for mktg losses
-RPL will start earning profits in FY2010
-RPL EPS then would be Rs 16.50 Vs Rs 202 of others put together
-FY10 total rev of oil refining cos seen at Rs 4.75 lk cr Vs Rs 21,908 cr of RPL
-FY10 total PAT of oil refining cos seen at Rs 10,416 cr Vs Rs 7,424 cr of RPL



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Job alerts and blog roundup

Saturday, November 3, 2007

Research Analyst openings at Asit C. Mehta
Vacancies:
Junior/Trainee Research Analysts
Sr. Research Analysts
Executive /Asst. Manager Accounts & Finance
Junior Technical Analysts
Send resumes to: hrd@acm.co.in
visit company site for more details:http://www.investmentz.co.in/

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Sunday, November 4, 2007

Research Openings in Aranca
INDIA OPERATIONS openings:
Project Manager (2)
Senior Research Analyst (5)
Research Analyst (5)
Associate Analyst (3)From the company website:The remuneration for all positions will be competitive and match the industry standards. Furthermore, candidates will receive extensive training.We encourage qualified candidates to apply immediately. Please submit resume to careers@aranca.com specifying the position applied for in the subject line.Only short-listed candidates will be informed.Aranca is an equal opportunities employer.

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Friday, November 2, 2007

Job openings in Emkay share
Current Openings
Branch Heads
Marketing Executives
Location: Across India
e-mail your resume to at careers@emkayshare.com
visit for more details:http://www.contentlinks.asiancerc.com/emkay/careers.asp

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Mundra Port IPO Analysis
Company:Mundra Port and Special Economic ZonePrice Band: Rs 400 to Rs 440 per equity shareIssue Date:Opens on November 1, 2007 and will close on November 7, 2007.Recommendation:Apply at upper price band.Investment Rationale:
Good issue with good management and the pricing is attractive.Estimates say issue might see Rs. 700 plus on listing.
Strong financial growth by the company.FY 07 saw a 580 Crore topline and 188.9 Crore bottomline.
The company is operating the biggest port in the country.
Mundra Port capacity will be 70 million tonnes, that will be used for bulk cargo, crude oil and provide value added services like well connected rail line.This all gels together to give a brighter future outlook.
The company presently has 15,665 acres of land available and 16,688 acres of additional land are at various stage of being transferred to the company, thus aggregating 32,353 acres for Port and SEZ.This land bank would add more to the value of the company.
Overall a great issue to apply for and expect huge listing gains and also long term value creation.

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Sunday, November 4, 2007

Market Outlook for Monday
The last working day of the markets saw a dramatic pullback and the Indian markets outperformed the Asian Markets in general.However going by the global cues the markets are expected to be volatile in the coming week.

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South Asian Petrochem Ltd. stock prospects
Company:South Asian Petrochem Ltd.Industry:Petrochem - Others CMP:17.80 PE Ratio:7.61Recommendation:PerformerInvestment Rationale:


Saturday, November 3, 2007
Multibagger Stock Pick-P&G
Company:Procter & Gamble Hygiene & Healthcare Ltd.Industry:Personal Care CMP:713.55 PE Ratio:25.79Recommendation:OutperformerInvestment Rationale:

Multibagger Stock Pick-Gillette India Ltd.
Company:Gillette India Ltd.Industry:Personal Care CMP:850.00 PE Ratio:19.46Recommendation:Outperformer



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.kpowave.blogspot.com and that authors other blogs and and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Request viewers to make verification about the information and take own risk/decision in stock buying. Blog is not responsible for any faulty information.

VC Updates from VCCircle.Com, Indiape.Com

From VCCircle.Com


Sam Zell’s Equity Group To Set Up Office In India For Private Equity Operations

Tatas Favourite To Buy Ford’s Jaguar and Land Rover

Bharti Telecom Minority Shareholder Selling Out Cheap

Apollo Health Street To Sell 15% Stake Via IPO For $70 Million

Clearwater Has Invested $450 Million In 26 Companies In India

Water Management Firm Doshion Gets $9 Million From IDFC PE

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Indiape.Com

Daimler out of race for India's Eicher stake

Norwegian IT major ‘EDB’ buys 50.1% stake in ‘SPAN Infotech’

Clearwater to invest Rs 480 cr in 4 PE deals in next 3 months

Nimbus May Sell Stake to Strategic Partner

Mauritian firm Tuscany to buy stake in Bharti Telecom

Marico acquires Enaleni’s subsidiary

Natixis out of IFCI stake sale

India is a key market for investment in Asia

IDFC invests Rs35 cr in Doshion

Ergo picks up 26% in HDFC insurance firm

DS Constructions to pick up 22% of Greek company

Pyramid Saimira buys FunAsia theatres

ePlanet Ventures Invests in Trivitron

Old Lane invests $26mn in KVK Energy



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers

Top companies, Women, Men etc in the World

From the Source of http://money.cnn.com


10 most 'accountable' companies

Best places to retire 2007

2007 Fortune 500: A new No. 1

FORTUNE 1,000 companies in your state

50 Most Powerful Women in Business

Fortune's Power 50

100 Fastest-growing companies: Full list

25 richest executives

Fortune's 100 Best Companies to Work For

Money: Best jobs in America

Fortune's Global 500: The world's largest companies

100 Top MBA Employers

101 Dumbest Moments in Business

FSB 100: America's fastest-growing small companies


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.