Economic Times Headlines

The Economic Times

'India Inc's M&A bill crosses $50 bn in 07'
India, China remain top FDI destinations: Study
Govt may hike tax exemption cap


Infosys, Tatas most image-conscious: Nielsen
Business leaders turn coaches for young managers
Deal street buzzing with M&As worth $50bn
Volvo front-runner to buy Eicher stake
Volvo to set up heavy vehicles JV with Eicher
Volvo to up India auto parts sourcing

ICICI Bank launches high yield fixed deposit scheme for NRIs
Banks can't hold stake in commodity broking houses
Voltas to get full control in JVs Universal Comfort, Saudi Ensas
Blue Bird gets export orders worth $4.5 mn
IOC may go for $9 bn refinery JV in Egypt
India to launch latest oil, gas asset sale December 13
Engineers India set for Egypt refinery study

OIL ropes in BG to bid for NELP-VII deepwater blocks
Essar Oil edges out RIL, BPCL in race for Kenyan refinery
Apollo arm in pact with Times Private Treaties
IST gets nod for special economic zone
Coal India eyes foreign JV to raise output
RIL goes to Oz for uranium
Ispat Industries expansion plans to cost Rs 1500 cr


PVR cinemas and Forum announce national tie-up
R-ADAG to storm DTH market in March next
Reliance Brands to form JV with Italy's Sixty Group
Organised retail to touch $30 bn in next 3 years: FICCI-E&Y
Retail market set to double in 3 years to $30 billion
Idea, Bharti, Vodafone to form Indus Towers
Bharti offers Rs 2,650 cr for all-India spectrum

Essar Shipping flares up on plans of fleet expansion
India Inc ranked third globally in intangible assets
PE inflows give banks a run for their money
Fed may disappoint investors on rate cut as inflation rises
BoA meeting rescheduled to Jan 2, to consider 36 SEZ cases
RIL to expand Jamnagar SEZ by over 1,000 hectare
Private equity deals likely to rise sharply

Futures talk: Focus on mid-caps
Religare maintains 'Buy' on Garware Offshore
Valuation of JV with Volvo pulls down Eicher Motors shares
Market plays safe ahead of Fed meet
Futures talk: Focus on mid-caps
Eicher's fundamental pump up value
SEBI chief bats for municipal bonds
Fed rate cut hope lifts US stocks



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World Business News: ET

Japan's machinery orders rise 12.7% in October
Citi board to meet, weigh CEO candidates: Source
South America launches rival to the IMF, World Bank
ERGO buys majority stake in Korean online car insurer
GMR, Macquarie to bid for Singapore power firms: Report
Telekom Malaysia announces special dividend
World's leading schools set up campuses in Singapore
Blackstone plans bid for Rio with Chinese-paper
Call for less information control in China, stronger intellectual property rights

BOJ's Muto to speak in Sapporo on Jan 10
Universal Music Group latest label to ink licensing pact with social networking site imeem
Symphony Technology receives funding from GIC-paper
Lafarge to buy Orascom Cement in $12.8 bn deal
Japan's Eisai to buy U.S. MGI Pharma for $3.9 bn
Carlsberg has no plans to raise S&N bid: Paper
Bio Beauty Group to postpone HK IPO
Congo keeps uranium riches under wraps
PepsiCo in pact to sell Sabra spreads
UBS writes down $10 bn; Singapore injects capital
Lafarge to buy Orascom for $12.8 bn


China tells US not to politicise trade rows
New Hope not to up offer for Resource Pacific
Finance ministers meet on sidelines of global climate talks
NYK, Nippon Oil agree to raise key ship fuel price
Carmakers pledge support for Bali climate talks
Toshiba to make solid-state drives in push for flash
Philippines seeks 1.08 mn tonnes of thermal coal
South Korea counts cost of national park oil spill
U.S. conciliatory on safety ahead of China summit
Australia must raise productivity to improve export performance: Trade minister

Seoul shares close down, led by Samsung Heavy Ind
Wal-Mart to grow by more than 30 % annually in China
Singapore's GIC says UBS stake may go up to 9%
Indonesia's Gresik may issue $1 bn bond in January
FX-Peso hits new high, Korean won falls
New owners of Turkey's Petkim aim to double output
Ambrian Commodities hires veteran Alison Giles
Airbus beats 2005 order record
LinkedIn to open up service to BusinessWeek



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VC, PE updates from VCCircle.com, Indiape.com

VCCircle.com
Romesh Wadhwani’s Symphony Technology Group Gets $1 Billion Capital Infusion
Kotak Mahindra Realty Fund To Invest $75 Million For 20% In IVR Prime
UAE’s Rakeen, Chennai’s Trimex In Hotel JV With UK’s Lotus Fund; Plans Real Estate Ventures Too

IFC To Repeat This Year’s $1B Investment In ‘08; But Cautiously Optimistic
IDFC PE To Raise Its Third Fund Of $600-700 Million By March ‘08
Springer’s Indian BPO Arm May Go To Buyout Funds

Rush To Tier II Cities: Yatra Capital Invests In An Agra Mall; Indore Hotel Seeks Funding
Essar Power To Raise $700M From PE Funds; Mandates SSKI: Report
Pahwa KBS Backs India-Focused Human Powered Search Engine Antya.com
Enam Ventures Into Carbon Credits; Ties Up With Sindicatum Carbon Capital

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Indiape.Com


IDFC PE to raise $600 million in third fund by March 2008
Private equity deals likely to rise sharply
Essar eyes 50% stake in Kenyan refinery
Volvo invests $350 mln in India truck tie-up

Indiabulls buys Piramyd Retail
CBDT reopens 400 PE, M&A deals
PE players eye township projects
Infosys makes $80 mn pitch for Aviva's BPO units

Tayals likely to cut BoR stake to 25%
3i picks up stake in Hyderabad firm for $101m
Goldman, Macquarie to pick up 20% each in PTC arm
Hindustan Unilever to sell Modern Foods to Switz Group

Yatra Capital invests euro 8.79 mn in two firms
Essar Power to divest 10% to PEs for $700 m
Reliance Technology Ventures invested into E-Band Communications


Indivision Capital bought the 4.9% stake in Dish TV more »
Al Anwar Holdings SAOG to pick stake in Almondz Global more »
India's House of Pearl Fashions buys 50 pct stake in UK's FX Imports more »
Kamat Hotels buys 60% stake in Concept Hospitality more »
IFC Considers Buying Up to 10% Stake in India's IFCI more »




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Myiris.Com, Rediff.Com Business Stories

Myiris.Com

Brokers` Outlook: Market to take cues from Fed meet on Tuesday
All MF categories display appreciation in November: CRISIL
Forex rose 25.8% with increase in tourist arrivals
GoM to consider marginal hike in petrol, diesel
Nicholas Piramal gets product patent in US
India Inc`s M&A trend in `07 ; outstanding

Centre announces sops for post small savings
Companies prefer PE than bank loans
Orient Paper announces 1:10 stock split
DCM Financial board approves raising share capital
PVR join hands with Bangalore based real estate firm
PSL to consider USD 100 mn fund raising

Maytas Infra secures Rs 2,326.9 mn township project
Brigade Enterprises IPO subscribed 72% within 5 hrs
Standard Chartered MF to launch small and mid-cap fund
Shivam Autotech to set up Rs 1,700 mn unit by Apr`08
Maruti Suzuki looks at rolling out `World Car` from India
Textile industry in Tamil Nadu bears Rs 10 bn loss

Subex Azure in the Deloitte Technology Fast 50 India list
Adlabs Films to operate 200 screens in US
Kale Consultants inks order with QuikJet Cargo
Net 4 India allot shares to Bennett Coleman & Co.
Jindal Power starts 250 MW commercial prodn. at 1,000MW plant
Evinix Accessories to enter into retail biz
GMR, Macquarie in fray for Singapore power firms

City Union Bank to raise around Rs 2,500 mn
Indiabulls to buy 63.92% stake in Piramyd Retail
RPG Enterprises to invest Rs 140 bn over the next 3 yrs
Indian Hotels hike stake in Orient-Express to 11.5%
RIL`s third well turns out to be dry
Karvy Stock Broking to float NBFC
Ispat forms JV with Stemcor for Rs 9 bn coke plant

Essar Shipping orders 6 bulk carriers

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Rediff.Com

China, India: Top FDI hotspots

Why Sensex soared, what should you do now
Now, ISD calls for less than a rupee per minute
24 new cars to choose from next year
Asian stocks may fall up to 25%
Sensex on steroids & what to do
China, India: Top FDI hotspots
Check out these tax saving funds

Suzlon plans $500-mn QIP issue
Goldman in $2bn property push
Change co name, stocks zoom!
India Inc's M&A bill crosses $50 bn
Apache's SEZ appeal in rural AP

Young Achievers
• 'I became a successful CEO at 30'
• An amazing story of courage and determination

5 principles of successful financial planning
Moving beyond the 4 Ps of an MBA
Calling environmentalists
JBIMS: Part-time PG prog
TAPAI offers PGDM for 2008-10



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Moneycontrol.COm Updates/Stories

Midcap rally to continue: Sundaram BNP Paribas MF
Mkts hoping for a Fed surprise: K&A Secs
Bullish on McNally Bharat, TRF, & Himadri Chem: Em
UCO Bank FPO likely in Feb-Mar
Fed may cut benchmark rate by 25 bps: JPMC
Largecap indices pause before next upmove
UBS to write down $10 bn in subprime assets

Pantaloon at your doorstep now!
Union Bank may go in for rights issue in Q1FY08
Essar Oil eyes 50% in Kenyan refinery
Opto Circuits to bid for 2-3 cos in US, Europe
Financial Tech close to acquiring US-based co: Srcs
Yatra.com launches Affiliate Programme

Bharti Airtel adds 2.05 m GSM users in Nov
Stocks to watch: SAIL, Bharti



Source: http://www.moneycontrol.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 given. Blog is not responsible for any faulty information.

Economic Times Business Stories

The Economic Times

Postal savings get bonus, tax sop
Postal kitty hit by bank deposit rates
Long term view for blue-chip stocks
Heard on the street: Sterlite Optical, IT stocks
PAN cards must for MF investors from New Year
Bharti, Idea, Vodafone to share infrastructure
GSM cos agree to strict spectrum allocation norms

UPS at your doorstep from Jan 1
IFCI to give creditors their share
Stocks you can pick up
FMCG cos slow down in B-school race
Centurion Bank eyeing NBFC
GAIL India, Mukesh Ambani firm sign pact on KG-D6 gas
Jaypee eyes 5MT cement unit in Middle East

ArcelorMittal to form JV with GVK Power
TRAI to propose policy on Mobile TV within 15 days
Essar plans to set up 2,500 MobileStore outlets in 3 years
Shipping Ministry proposes Andrew Yule units merger with BHEL
Govt announces Rs 3,890 crore bonds to fertiliser companies
Analysts' picks: Tech Mahindra, Core Projects , IVRCL Infra
Religare Picks: Ispat Industries, Hindustan Construction


International Business

Murdoch Jr to lead News Corp in Europe, Asia
HSBC launches Saudi equity indexes, funds
BHP proposal 'dead in the water'
Oil from damaged supertanker reaches SKorea's western shore
Surge in tourists' arrival at Lord Buddha's Lumbini in Nepal
UN seeks better environment performance from aviation sector
Australia committed to Doha world trade deal: Minister
Russia VTB to sell EADS stake at market price-CEO


New US mortgage plan may be far from perfect
Positive side of climate change: More jobs
Arcelor to make IPO for Oriental
Energy bill stalls in US Congress
China to curb grain exports, boost imports
Two senior officials of Dow Jones & Co to quit organisation
Qatar says Gulf single currency unlikely by 2010
China to raise bank reserve ratio requirement to 14.5%


Source: http://economictimes.indiatimes.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 given. Blog is not responsible for any faulty information.

ET : Gautam Adani, Another gujarati who made it big

Gautam Adani: Another gujarati who made it big

There is a 'Wagah Border' at the Mundra Port, a thriving private port in the heart of the barren lands of north Gujarat. Often, there is tension across the border. The workers on either side sometimes exchange greetings in Kutchi slang, but do not cross the LoC. The other side of the fence belongs to Dubai Port Word (DP World), a giant terminal operator from the Middle East that now owns and operates the container terminal at Mundra.

Mundra Port is owned and operated by the Adani Group while the terminal is operated by DP World through a sub-concession agreement. The two are now fighting a long legal battle at the Ahmedabad High Court, with a termination notice by the Adanis having been challenged by the Dubai operator. Adding fuel to fire were the recent public offerings by both the groups. Both Mundra Port and Special Economic Zone (MPSEZ) and DP World hit the primary markets in Mumbai and Dubai, respectively, in the same month, November 2007, but with different results.

While MPSEZ almost trebled its market cap to over $13 billion, DP World, after its mega takeover of British port operator P&O Ports, has seen its market cap slip from about $22 billion. The rivalry between the Adanis and DP World may be recent, but the aggressive chairman of the Adani Group—Gautam Adani—has picked up quite a few business foes as his fortunes soared in recent years.

He is now among the 10 richest Indians, and is nosing his way up the ladder. Many who ET spoke to say he draws many a parallel with the iconic Dhirubhai Ambani. Like Dhirubhai, he is a first-generation industrialist who came from Gujarat with big dreams. Mr Adani’s business instincts are very sharp and his rags-to-riches story is yet another example of the finely-developed business acumen of people from that coastal state.

More about this article @ Gautam Adani: Another gujarati who made it big



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NSE to revise lot size for 106 FnO contracts

The Hindu Business Line : NSE revises lot size for 106 securities


The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision.

The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract. Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down.

Lot size has been increased for Infosys, Sun TV and 3i Infotech among others.


More@ http://www.thehindubusinessline.com/2007/12/08/stories/2007120851531500.htm



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Businessworld Magazine Articles Dt 10th Dec

Some of the Articles

COVER STORY
Family Feuds
Beyond The Family Feud
‘Society Has The Power To Intervene’

IN THE NEWS
Reliance Industries Exploiting PSU Virtues
Mall Mania Phoenix Rises
Healthcare Apollo Hospitals Fields Ganguly
IFCI Getting Pricey
Anil Ambani Leveraging His Own Wealth


World Economic Forum
The World Debates India’s Future


Telecom Twists & Turns Of The Spectrum Tangle

Real Estate Repeal Will Be No Relief

BankingIs Retail The Culprit?

Insurance In The Eye Of A Storm

Environment The Perfect Storm


More at http://www.businessworld.in



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