ET Corporate Stories

RBI aims at 3% inflation in long term
FM terms industrial outlook 'positive'

S&P raises Bharti Airtel rating
BEL IPO over-subscribed 13 times
UB Holdings raises $152 mn
Insurance solutions for realty sector from Sundaram Alliance
Inflation seen at 3.46 pc on Dec 1
Raamdeo Agrawal on how to be a successful investor

SBI cuts rate, others prefer to wait 'n' watch
Suzlon signs MoU in Punjab for Rs 500 cr wind power projects
L&T to float JV with French offshore energy co Technip
India eyes up to $3.5 bn from energy asset auction
Finolex Cables in JV with J-Power of Japan
TCS to collaborate with Australia's TAFE on technical courses

Alcatel bags $350 mn deal from RCOM
Reliance Communications adds 326,682 GSM users in November
Railways may earn Rs 1800 cr by offering 300 trains for advertisements
GE Shipping places order for 2 Supramax carriers with Cosco
Robust manufacturing pushes up IIP to 11.8%
Govt may cut corp tax rate to 26% as collections rise

DSP ML Technology.com Fund beats IT sector blues
ICICI Prudential rural push nets Rs 100 crore premium
Ten cos apply for insurance licence: IRDA
Vikram Pandit: A pundit at Citi


International News:

Microsoft buys online mapping company Multimap
Citi never sleeps, and so also may Pandit
Chairman Bischoff's 'unknown' in the US
China Nov industrial output up 17.3 pct yr/yr
Penthouse buys AdultFriendFinder owner




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

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

IndiaPE.com

Three investors line up for equity stake in GoAir
Red Fort plans Rs 800 cr fund
Sage Capital plans private equity fund through joint venture
Ramky to unlock value of its entities that attracted investments from PE firms
IL&FS arm raises $578 mn for realty fund

Banks, FIIs buy 9% in GMR Infrastructure for $1 bn
L&T acquires 26% equity in Feedback Ventures
Italian co to acquire 60% in Nicco unit
Eton Park buys 5pct in India Reliance Capital unit
PEs eye stake in Bengal Faith Health Care

Bollywood finds PE as a new source of cash
IDG Ventures India invests $2.5 million in iViZ
Standard Chartered to invest $50 m in UTI Securities
TV18 acquires strategic control in Infomedia India

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VCCircle.com

TV18 Buys 40% Stake In Infomedia India For Rs 178 Crore; ICICI Venture Gets 4X
Eton Park Invests Rs 501 Crore In Reliance Capital Asset Management
IL&FS Investment Managers Announces First Closure Of Realty Fund At $578M
Mentor Partners Plans Its Own Fund Of $30-50 Million
GMR Infrastructure Raises $1 Billion Via QIP Issue From SBI, Canara Bank, Others

Oman PE Firm Al Anwar Holdings Buys 14.99% Stake In Almondz Securities
InLogistics Gets Funding From Sage Capital; The Fund Plans JV, Focus On SMEs
Jobs: Associate, TVS Shriram Growth Fund; Location: Chennai
Global Assets Holding Corporation’s Stake Sale To PE Funds Hits Security Hurdle
Citigroup Appoints Vikram Pandit As CEO; Win Bischoff Is Chairman

Goldman’s $24-Million Deal In Tejas Reportedly Valued The Firm At $625 Million
Lauris Capital Partners Forms $50 Million Micro Buyout Fund
Jobs: CIO - Private Equity; An Infrastructure Fund; Mumbai



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

MoneyControl, Myiris.Com Updates

Moneycontrol.Com

Exit laggards, buy largecaps: Experts
Eton Park deal will help expansion into US: Rel MF
Do you own these prized midcap picks?
Govt launches NELP-VII; opens bids for 57 blocks
Stocks to watch: Ispat, IFCI
India is seriously playing games!
TV18 strikes alliance with Forbes Media for Biz Mag

New MF schemes for postal, rural life insurance launched
Bullish on oil and gas: Anagram Stock Broking
Fund Action witnessed in stocks on 12th December, 2007
India slightly better than China: Bank Julius Baer


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Myiris.Com

Brokers` Outlook: Market to follow global cues on Friday
Improvement in fiscal position of state govts: RBI
HB Stockholdings hikes stake in DCM Shriram Ind. to 17.25%
TV 18 partners with Forbes to launch business magazine
RIL lines up USD 24 bn expansion plan
Active stock: Finolex Cables soars over 5% on JV with Japanese co.
Aries Agro IPO opens on Dec. 14

GE Shipping orders 2 more Supramax dry bulk carriers
Videocon to put fresh bid for Daewoo
Tatas, REL & GMR in fray for Singapore power co.



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

Kolte-Patil ends with 24% premium, Other IPOs News

Kolte-Patil Developers ends with 24% premium

Kolte-Patil plans to expand to emerging cities


Pune based real estate developer, Kolte-Patil Developers, has touched an intraday high of Rs 230, a gain of 58.62% before closing the day at Rs 180.15, a premium of 24.24% over its offer price of Rs 145. Negative sentiment in markets and some litigation matter with the landowners on the company's front have pulled down the stock to Rs 176, an intraday low. It traded with volumes of 1.67,52,612 shares and the turnover was at Rs 314 crore on the NSE. The stock ended at Rs 181.45, with volumes of 1,06,11,353 shares. It has touched a high/low of Rs 223.90 and Rs 175 respectively on the BSE.

Rajesh Patil, CMD, Kolte-Patil Developers told CNBC-TV18, their total saleable area in Pune and Bangalore is 39 million sq ft. Currently, 18 million sq ft is under construction, while 21 million sq ft is under MoUs. They plan to expand to emerging cities, but their main focus is on Pune, Bangalore. Right now, they have three projects with ICICI Venture Capital and three with Yatra Capital, he said.

The company had entered capital market with an public issue of 19,000,836 equity shares of Rs 10 each for cash at a price band between Rs 125 and Rs 145 per equity share.
The objects of the issue were to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.


Other IPO news:

JSW Steel to launch Energy unit IPO before FY
Brigade Enterprises IPO subscribed 13 times
Kaushalya Infra likely to debut at Rs 68-70



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. Blog is not responsible for any faulty information...

Other reports from Other Blogs

http://www.deadpresident.blogspot.com


GE Shipping, Economy, Banks
Nifty December futures strike all time high
Post Market Commentary
Marg Constructions / Gayatri Projects
Sensex tanks on weak global cues
Aries Agro IPO Analysis
Gold gains but silver slips
GMR raises $1bn; sells stake to Soros, others

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http://www.bsensedaily.com

GMR sells stake in GMR Infra
Sensex to scale 21000 mark soon


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

Sensex plunges 271 pts at close : Sify India

Sensex plunges 271 pts at close


The Sensex opened with a bang, hitting a new high at 20,498.11 at the bell, and after staying in the positive territory for a little over half an hour amid high volatility, drifted into the red as a few blue chip stocks encountered resistance at lost ground. And it never really managed to bounce back into the positive zone after that. Instead, the barometer drifted lower and lower as the session progressed. Though a smart rally around mid afternoon raised some hopes of a sharp recovery, a fresh bout of selling - this time around the pressure proved more intense - knocked the wind out of several blue chip stocks and sent the Sensex crashing down to 20,065.63. With global markets turning weak and no prominent triggers available on the home front, participants chose to exit key counters today.


While the Sensex ended the session with a huge loss of 271.48 points or 1.33% at 20,104.39, the Nifty, which touched a new all-time high at 6185.40 in morning trade but plunged to a low of 6040.40 during the closing minutes, settled at 6058.10 with a loss of 1.64% or 101.20 points.
FMCG heavyweight ITC opened on a firm note and despite a drop in momentum midway through the session ended the day with a handsome gain of 4.15% at Rs 196.90.

Hindustan Unilever took a long time to see action, but managed a modest gain of 0.8% in the end. Metal stocks Tata Steel (2.9%) and Hindalco (1.6%), pharma majors Cipla (2.1%) and Ranbaxy Laboratories (0.85%), housing finance stock HDFC (1.1%) and automobile majors Bajaj Auto (1.5%) and Mahindra & Mahindra (0.8%) ended on a firm note. Realty stock DLF edged up marginally to Rs 1022.80.

It turned out to be an extremely weak outing for Bharti Airtel, one of the biggest gainers yesterday. The stock closed with a sharp loss of 6.2% at Rs 987.80. ICICI Bank (down 3.7%), Maruti Suzuki (down 3.45%), Satyam Computer Services (down 2.3%), ONGC (down 2.2%), BHEL (down 2.15%), NTPC (down 1.95%), Ambuja Cements (down 1.9%), State Bank of India (down 1.85%), Reliance Industries (down 1.85%), Tata Consultancy Services (down 1.8%), Infosys Technologies (down 1.55%) and HDFC Bank (down 1.45%) went down sharply.

Tata Motors, which had a brief spell in the positive territory, ended with a loss of 1.25% at Rs 759.85. Larsen & Toubro, Wipro and Reliance Energy lost more than a per cent from their previous closing levels. ACC (down 0.7%), Reliance Communications (down 0.45%) and Grasim Industries (down 0.2%) also ended on a weak note.

Sun Pharmaceuticals, Tata Power, HCL Technologies, GAIL India, Zee Entertainment, Sterlite Industries, BPCL, Nalco, Reliance Petroleum, GlaxoSmithKline Pharma, Suzlon Energy and Unitech closed with sharp losses today.

Dr. Reddy's Laboratories gained nearly 3%. Punjab National Bank, Idea Cellular, Hero Honda, VSNL and Cairn India closed with sharp to moderate gains. Lanco Infratech, Gillette, JSW Steel, Spice Telecom, GE Shipping, Aditya Birla Nuvo, Ispat Industries, Cadila Healthcare, Torrent Power, Indian Hotels, Adani Enterprises, IVR Prime, Jet Airways, Tata Tea, EIH Limited, Essel Propack and Lupin posted strong gains.

Micro Inks, Parsvnath Developers, D-Link India, Mastek, Finolex Industries, Edelweiss Capital, National Fertilizers, Syndicate Bank, HTMT Global, Maharashtra Seamless, Mangalore Refineries & Petrochemicals and Tata Chemicals declined sharply.

Realty stock Kolte Patil Developers made a fairly good debut today. The stock opened at Rs 230 on NSE - it remained its high - and ended at Rs 180.15, a few rupees off an intra-day low of Rs 176, at a premium of 24.25% to its issue price. Over 16.75 million shares were traded at the Kolte Patil counter on NSE today.

Though the indices closed with sharp losses, the market breadth remained positive thanks to strong buying in midcap and smallcap stocks. Out of 2928 stocks traded on BSE, 1842 stocks closed higher. 1060 stocks ended on a weak note and 26 stocks finished at their previous closing levels

More stories @ www.sify.com/finance

BHEL bags Rs 121 cr contract
Indian KPOs step up cross-border M&As
Apollo Tyres to expand capacity
Reliance Money PMS roll-out in mid-Jan
Fed rate cuts not a determining factor: Reddy
Praj inks JV with Brazilian firm

Television Eighteen in pact with Forbes Media
India's largest tech fund beats IT sector blues
Naukri.com introduces international jobs section
Citigroup's Vikram Pandit has Midas touch
S&P raises Bharti rating to investment grade
Citigroup Global ups stake in Sujana Towers

Rajesh Exports gets order worth Rs 116 cr
Kolte-Patil shares rise 59% on NSE debut
5% in Reliance MF gets Rs 501 cr
Parsvnath sets up arm for AMC, asset holding biz
India has 3rd largest telecom market: PwC



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

Know About: Valero Energy Corporation

Valero Energy Corporation

Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon.

More @ http://en.wikipedia.org/wiki/Valero_Energy




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Corporate Of the Day: Vedanta Resources

Vedanta Resources

Vedanta Resources plc (LSE: VED) is a diversified and integrated metals and mining group. Headquartered in the United Kingdom, its principal operations are located in India, with a major market share in each of the main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and Tasmania, Australia. Vedanta's subsidiary Sterlite Industries is one of India's largest mining company[1] while Konkola Copper Mines is the largest mining company in Zambia.[2]. Vedanta's Indian zinc and copper operations rank in the top quartile of global cost efficiency.[citation needed]. In addition to the existing operations, Vedanta currently has a range of expansion projects involving investment of over $2bn, which is already more than half completed.[citation needed]. Vedanta was listed on the London Stock Exchange in December 2003,[3] and the FTSE 100 Index in June 2006.[4]

More @ http://en.wikipedia.org/wiki/Vedanta_Resources



Source: http://en.wikipedia.org. 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

US Fed cuts key interest rate for third time in 3 months
Bulls set for another run; eye 21,250 on Sensex
Jindal, Williams among top 10 Indian-American newsmakers
Ten penny-pinching ideas for 2008
Mkts close at new high; shrug off global weakness Govt announces subsidy for number of rooms in hotels

'IT export targets to be met despite Re surge'
Rupee loses ground, gold price fell too
India logs surprise 11.8 percent industrial growth
NASSCOM-IIMA starts survey on women workforce of IT, ITeS
India's Petronet seeks partner offering cheap LNG
PSBs to hold 51% in clearing arm

Unitech's Chandra pips Mittal as richest self-made billionaire
Vikram Pandit named CitiGroup CEO
Indian honchos splash US Inc, climb Fortune mountain
Eton Park to invest $127 mn in Reliance Capital
Reliance Energy wins $945 mn contract
RIL to buy Hualon's assets for Rs 2k cr
RIl signs contracts for 2 Columbian blocks

German parent Linde to invest Rs 598 cr in BOC
Italian co to acquire 60% in Nicco unit
Tata Steel in JV for development of iron ore deposits in West Africa
Ansal gets UP govt nod for two Lucknow SEZs
NSE bans trading in 12 F&O securities
Analysts' picks: MphasiS; Ashok Leyland; United Phosphorus
Heard on the street

BGR Energy Systems IPO subscribed 61.62 times
Tata Consultancy eyeing 12 large contracts - CFO
Bancassurance to generate 35 % of private insurers' premium
Merlin Group forms JV company with city based export co
Redfort to invest $100 mn in Chennai
NSE allows new positions in 3 derivatives contracts


International News:

US Fed cuts key interest rate for third time in 3 months
Israel becomes world's 4th largest arms exporter
bal deals to drive Asia M&A charge
ABN Amro set to end Rothschild JV
ArcelorMittal acquires Argentine steel distributor
HSBC says aims to open 7 retail branches in Japan
China Sunshine Paper rises 8% in HK IPO debut


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