Single team to run Kingfisher-Deccan combine
Tatas to drive away Jag; Ford accepts $2.05 bn offer
RCom gets FCC nod for Yipes deal
SEBI opens up short-selling for all
Inflation slips but rate cut unlikely
Sarin, Nooyi among world's 20 best business leaders
Ford to announce Jaguar-Land Rover sale to Tata on Friday
Reliance Money to launch portfolio mgmt service
IFC to help microfinance firms use IT in rural areas
Nalco lines up Rs 11k cr for Indonesian project
Tatas want apology from Orient-Express Hotels
Unitech to sell stake in 3 projects for 234 mn pounds
Omaxe gets green signal for Rs 1,800 cr project
Nagarjuna bags Oman project
Tata's retail stores to top 100 by March 2010
Kingfisher-Deccan means big losses too
World Bank debars 2 firms in Indian child health project
Capital Gains: Blue-chip PSUs may pay bonus
Foreign firms eye small broking cos for big break
S&P 'BBB-' to India Infrastructure Finance Co; outlook stable
Phoenix Mills surges on stock split approval
Day after: IFC silver lining for IFCI
The future: Entrepreneurs focus on building long-term value
8 strategies of wise negotiators
Are family-run corporates living up to investor expectations and creating value?
Source: http://economictimes.indiatimes.com/headlines.cms . 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.
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.
20 December 2007
Myiris, Moneycontrol Business Updates
Myiris.com
Brokers` Outlook: Market to trade in a range
Precision Pipes IPO subscribed 10.35 times on closing
EIL likely to ink JV with Tecnimont SPA
Bajaj Hindusthan makes open offer to Bajaj Hindusthan Sugar
Pearl Global to foray into Infra biz
Inflation at 3.65% on low prices of primary articles, bajra,urad
Sayaji Hotels tie up with Taj Group
Pyramid Saimira & Jnanabanu launches one reel movement
Omaxe` arm gets 25 acres of land in Hyderabad
India becomes auto production hub
Almondz plans entry into MF biz
Nitin Fire in talks for strategic investment
Manaksia IPO subscribed 8.79 times on closing day
Marg Construction plans to enter housing projects
Certification mandatory for intermediaries, brokers: SEBI
Mundra Lifestyle to pump in Rs 3 bn
Bank of Japan keeps rate unchanged
Motilal Oswal PMS becomes subsidiary of MOFS
Kushagra Software mulls JV with Concurrent Infra
Amara Raja to open 500 Powerzone stores
Bajaj Electricals eyes European firms
Future Group to foray into logistics biz, earmarks Rs 4 bn
Welspun acquires 76% stake in Portugal-based Sorema
-----------------------------------------------------------
Moneycontrol.com
Will markets be in an uptrend in Jan?
What is the road ahead for IFCI?
UB Grp to fly combined entity overseas by mid-FY08
Sebi gives nod for short-selling
Tata & JLR brands can co-exist: Ratan Tata
Will mkts react to Sebi order on Monday?
'IFCI-effect' rubbed off on other stocks too
Jagson Airlines to add 8 aircrafts after getting permit
ICICI, Templeton MF buy 10.44 lakh shrs of Jyothy Labs
Reliance MF valued at Rs 10,000cr
Singapore Exchange clears DLF's REIT
Like Patels Airtemp, Mold Tek: Sharekhan AVP
IFCI band may range between Rs 65-75/sh: SP Tulsian
Thomas Cook looks good for long term
Source: http://www.myiris.com and 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.
Brokers` Outlook: Market to trade in a range
Precision Pipes IPO subscribed 10.35 times on closing
EIL likely to ink JV with Tecnimont SPA
Bajaj Hindusthan makes open offer to Bajaj Hindusthan Sugar
Pearl Global to foray into Infra biz
Inflation at 3.65% on low prices of primary articles, bajra,urad
Sayaji Hotels tie up with Taj Group
Pyramid Saimira & Jnanabanu launches one reel movement
Omaxe` arm gets 25 acres of land in Hyderabad
India becomes auto production hub
Almondz plans entry into MF biz
Nitin Fire in talks for strategic investment
Manaksia IPO subscribed 8.79 times on closing day
Marg Construction plans to enter housing projects
Certification mandatory for intermediaries, brokers: SEBI
Mundra Lifestyle to pump in Rs 3 bn
Bank of Japan keeps rate unchanged
Motilal Oswal PMS becomes subsidiary of MOFS
Kushagra Software mulls JV with Concurrent Infra
Amara Raja to open 500 Powerzone stores
Bajaj Electricals eyes European firms
Future Group to foray into logistics biz, earmarks Rs 4 bn
Welspun acquires 76% stake in Portugal-based Sorema
-----------------------------------------------------------
Moneycontrol.com
Will markets be in an uptrend in Jan?
What is the road ahead for IFCI?
UB Grp to fly combined entity overseas by mid-FY08
Sebi gives nod for short-selling
Tata & JLR brands can co-exist: Ratan Tata
Will mkts react to Sebi order on Monday?
'IFCI-effect' rubbed off on other stocks too
Jagson Airlines to add 8 aircrafts after getting permit
ICICI, Templeton MF buy 10.44 lakh shrs of Jyothy Labs
Reliance MF valued at Rs 10,000cr
Singapore Exchange clears DLF's REIT
Like Patels Airtemp, Mold Tek: Sharekhan AVP
IFCI band may range between Rs 65-75/sh: SP Tulsian
Thomas Cook looks good for long term
Source: http://www.myiris.com and 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.
Labels:
Moneycontrol Business Updates,
Myiris
SEBI allows short selling by institutional investors: Myiris
SEBI allows short selling by institutional investors
Stock Exchange Board of India (SEBI) decided to allow short selling by institutional investors, hitherto only retail investors were allowed to short sell.
With a view to provide a mechanism for borrowing of securities to enable settlement of securities sold short, it has also been decided to put in place a full-fledged securities lending and borrowing (SLB) scheme for all market participants in the Indian securities market.
The Stock Exchanges and the Depositories have been advised to put necessary systems in place in this regard.
According to the broad framework announced by SEBI, `Short Selling` will be defined as selling a stock that the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, will be permitted to short sell.
Further , naked short selling will not be permitted in the Indian securities market and accordingly, all investors would be required to mandatory honour their obligation of delivering the securities at the time of settlement. No institutional investor will be allowed to do day trading i.e., square off their transactions intra-day.
Appropriate action needs to be taken against the brokers for failure to deliver securities at the time of settlement, which shall act as a sufficient deterrent against failure to deliver.To provide with necessary impetus to short sell, a scheme for Securities Lending and Borrowing (SLB) should be in place simultaneous with the introduction of short selling by institutional investors.Those securities that will be traded in F&O segment will be eligible for short selling. Also, at the time of placement of order whether the transaction is a short sale, institutional investors need to disclose upfront
However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day.
The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it to the stock exchanges before the commencement of trading on the following trading day. The stock exchanges shall then consolidate such information and disseminate the same on their websites for the information of the public on a weekly basis.The frequency of such disclosure may be reviewed from time to time with
Source: http://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.
Stock Exchange Board of India (SEBI) decided to allow short selling by institutional investors, hitherto only retail investors were allowed to short sell.
With a view to provide a mechanism for borrowing of securities to enable settlement of securities sold short, it has also been decided to put in place a full-fledged securities lending and borrowing (SLB) scheme for all market participants in the Indian securities market.
The Stock Exchanges and the Depositories have been advised to put necessary systems in place in this regard.
According to the broad framework announced by SEBI, `Short Selling` will be defined as selling a stock that the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, will be permitted to short sell.
Further , naked short selling will not be permitted in the Indian securities market and accordingly, all investors would be required to mandatory honour their obligation of delivering the securities at the time of settlement. No institutional investor will be allowed to do day trading i.e., square off their transactions intra-day.
Appropriate action needs to be taken against the brokers for failure to deliver securities at the time of settlement, which shall act as a sufficient deterrent against failure to deliver.To provide with necessary impetus to short sell, a scheme for Securities Lending and Borrowing (SLB) should be in place simultaneous with the introduction of short selling by institutional investors.Those securities that will be traded in F&O segment will be eligible for short selling. Also, at the time of placement of order whether the transaction is a short sale, institutional investors need to disclose upfront
However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day.
The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it to the stock exchanges before the commencement of trading on the following trading day. The stock exchanges shall then consolidate such information and disseminate the same on their websites for the information of the public on a weekly basis.The frequency of such disclosure may be reviewed from time to time with
Source: http://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.
Tatas, worlds 3rd most transparent co : Rediff.com
Tatas, world's 3rd most transparent co
Tata Group, easily India's most respected business house, has been named the world's third most accountable and transparent company by Britain's One World Trust although US hotel chain Orient-Express has not found it worthy of an alliance.According to Rob Lloyd, the report's lead author, the assessment is a measure of the extent to which organisations have the policies and systems in place to enhance consistent and coherent accountability to the people they affect."The report ranked GE and GlaxoSmithKline [Get Quote] number one and two most transparent and accountable companies.Tata Group, was however, considered ahead of Coca-Cola, Petrobras, HSBC Holdings, PriceWaterCooopers International and Google, when measured on the parameters of transparency and accountable leadership among global companies.
More on the above @ Tatas, world's 3rd most transparent co
Other Rediff stories:
Business highlights 2007
Sebi gives nod for short selling
Orient Express: Tatas seek apology
Careers: Are you ready for the 21st century?
MCA: Opening doors for a global career in IT
Sabarimala, Kumbh: World's top holy spots
Career change: Why they chose to do an MBA
Source: http://www.rediff.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.
Tata Group, easily India's most respected business house, has been named the world's third most accountable and transparent company by Britain's One World Trust although US hotel chain Orient-Express has not found it worthy of an alliance.According to Rob Lloyd, the report's lead author, the assessment is a measure of the extent to which organisations have the policies and systems in place to enhance consistent and coherent accountability to the people they affect."The report ranked GE and GlaxoSmithKline [Get Quote] number one and two most transparent and accountable companies.Tata Group, was however, considered ahead of Coca-Cola, Petrobras, HSBC Holdings, PriceWaterCooopers International and Google, when measured on the parameters of transparency and accountable leadership among global companies.
More on the above @ Tatas, world's 3rd most transparent co
Other Rediff stories:
Business highlights 2007
Sebi gives nod for short selling
Orient Express: Tatas seek apology
Careers: Are you ready for the 21st century?
MCA: Opening doors for a global career in IT
Sabarimala, Kumbh: World's top holy spots
Career change: Why they chose to do an MBA
Source: http://www.rediff.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.
Sarin, Nooyi among worlds 20 best biz leaders : Sify
Sarin, Nooyi among world's best biz leaders
Reaffirming the now unmistakable presence of Indians in the World Inc, two multinationals PepsiCo and Vodafone, which are headed by people of Indian origin, have found a place in a list of the world's 20 best companies for leaders.
While Chennai-born Indra Nooyi is the Chairman and CEO of soft drink major PepsiCo, Arun Sarin, who hails from Madhya Pradesh, is the CEO of the world's second largest mobile operator Vodafone.
Vodafone debuted at 20th rank in this year's list, prepared by consulting firm Hay Group and Chief Executive Magazine. PepsiCo is down to 7th position from its third rank last year.
In the 2006 list, Citigroup, now headed by another Indian origin banker Vikram Pandit, was ranked at fourth. However, it does not find a place in this year's list. Nagpur-born Pandit was named as the CEO of Citigroup earlier this month, after his predecessor Charles Price stepped down last month.
American conglomerate General Electric (GE) has topped the list for the second year in a row, while Procter & Gamble has retained its second position this year.
• Check out our Yearender Special
The maximum number of companies are from the US (11), while eight are from Europe and one from Asia. There is not a single Indian company on the list. The annual survey considered a total 790 companies, that included 47.1 per cent headquartered in Europe, 31.2 per cent in North America, 15 per cent in Asia-Pacific, and the rest in Middle-East, Africa and South and Central America.
GE and P&G are followed by Johnson and Johnson, Unilever and Coca-Cola in the top five. Others are Siemens (6), L'Oreal (8), Toyota (9), HP (10), GlaxoSmithKline (11), Novartis (12), Pfizer (13), HSBC (14), 3M Co (15), Eli Lily (16), BASF (17), McDonald's (18) and Amgen (19).
Source: http://www.sify.com/finance . 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.
Reaffirming the now unmistakable presence of Indians in the World Inc, two multinationals PepsiCo and Vodafone, which are headed by people of Indian origin, have found a place in a list of the world's 20 best companies for leaders.
While Chennai-born Indra Nooyi is the Chairman and CEO of soft drink major PepsiCo, Arun Sarin, who hails from Madhya Pradesh, is the CEO of the world's second largest mobile operator Vodafone.
Vodafone debuted at 20th rank in this year's list, prepared by consulting firm Hay Group and Chief Executive Magazine. PepsiCo is down to 7th position from its third rank last year.
In the 2006 list, Citigroup, now headed by another Indian origin banker Vikram Pandit, was ranked at fourth. However, it does not find a place in this year's list. Nagpur-born Pandit was named as the CEO of Citigroup earlier this month, after his predecessor Charles Price stepped down last month.
American conglomerate General Electric (GE) has topped the list for the second year in a row, while Procter & Gamble has retained its second position this year.
• Check out our Yearender Special
The maximum number of companies are from the US (11), while eight are from Europe and one from Asia. There is not a single Indian company on the list. The annual survey considered a total 790 companies, that included 47.1 per cent headquartered in Europe, 31.2 per cent in North America, 15 per cent in Asia-Pacific, and the rest in Middle-East, Africa and South and Central America.
GE and P&G are followed by Johnson and Johnson, Unilever and Coca-Cola in the top five. Others are Siemens (6), L'Oreal (8), Toyota (9), HP (10), GlaxoSmithKline (11), Novartis (12), Pfizer (13), HSBC (14), 3M Co (15), Eli Lily (16), BASF (17), McDonald's (18) and Amgen (19).
Source: http://www.sify.com/finance . 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.
Indias richie rich : Sify.com
India’s richie rich!
India Inc has a new breed of billionaires this year. Find out the new faces and how they made it to the elite list.
Soaring stock markets and skyrocketing property prices are paving way for a new breed of Indians - the billionaire businessmen! The country is the home of about 54 billionaires as on date (as per Forbes.com), whose collective networth has doubled compared to last year and has touched $351 billion.This is second highest number in Asia after China. It's not just the game of Ambanis any more. New entrants like K.P Singh, GautamAdani and others have also joined the richie rich league, thanks to the soaring Sensex!
Here's a compilation of the country's richest men.
Links: Start and elite list.
Source: http://www.sify.com/finance . 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.
India Inc has a new breed of billionaires this year. Find out the new faces and how they made it to the elite list.
Soaring stock markets and skyrocketing property prices are paving way for a new breed of Indians - the billionaire businessmen! The country is the home of about 54 billionaires as on date (as per Forbes.com), whose collective networth has doubled compared to last year and has touched $351 billion.This is second highest number in Asia after China. It's not just the game of Ambanis any more. New entrants like K.P Singh, GautamAdani and others have also joined the richie rich league, thanks to the soaring Sensex!
Here's a compilation of the country's richest men.
Links: Start and elite list.
Source: http://www.sify.com/finance . 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 ends 71 pts up : Sify Finance
Sensex ends 71 pts up
Sensex gains 71 pts amid FII pullout
Sensex ends up 71pts; IFCI drops 23%
NSE 5766.50 15.35
Information technology stocks opened on a bright note and stayed firm right till the end even as stocks from other sectors had a choppy outing as investors appeared highly reluctant to carry home positions ahead of a long weekend. The somewhat subdued trend in global markets also appeared to have forced the participants on to a slightly defensive approach today.
The Sensex, which opened with a positive gap of nearly 120 points at 19,210.22, hit a high of 19,291.14 in intra-day trades and settled at 19,162.57 with a gain of 70.61 points or 0.375. The Nifty ended with a gain of 0.27% or 15.35 points at 5766.50, well down from a high of 5799.50 it had touched in afternoon trade.
While the BSE IT index ended stronger by 3.34%, the Teck index, which has software, media and telecom stocks in its fold, moved up by around 1.5%. The Capital Goods and FMCG indices declined sharply. PSU, Power, Oil & Gas, Bankex, CD and HC indices also ended in the negative territory.
A number of midcap and smallcap stocks went down on sustained selling in afternoon trade.
Satyam Computer Services, which moved up by nearly 6%, was the biggest gainer in the Sensex today. Infosys Technologies, contributing significantly to the market's positive close, gained 3.7%. Tata Consultancy Services surged 2.35% while Wipro, which remained somewhat subdued for a better part of the day, ended with a sharp gain of 1.8%.
Power stock Reliance Energy gained more than 3%. Automobile major Tata Motors rallied 2.9% to Rs 824.80. Mahindra & Mahindra advanced by a little over a percent. Realty stock DLF gained 1.1%.
Bajaj Auto, Bharti Airtel, ONGC, State Bank of India and Reliance Industries finished with modest gains while Hindustan Unilever, Hindalco and Tata Steel edged up marginally.
ACC (down 2.75%), Cipla (down 2%), ITC (down 1.65%), Ranbaxy Laboratories (down 1.65%) and BHEL (down 1.3%) closed with sharp losses. Grasim Industries, HDFC, Reliance Communications and HDFC Bank eased by 0.5% - 1%. Larsen & Toubro, ICICI Bank and Maruti Suzuki also ended weak. Ambuja Cements and NTPC ended almost unchanged from their previous closing levels.
Dr. Reddy's Laboratories, HCL Technologies, Sun Pharmaceuticals, Cairn India, BPCL, SAIL and Tata Power were among the major gainers from the Nifty. GlaxoSmithKline Pharma ended with a sharp loss of 5.6%. VSNL, a big gainer yesterday, lost 4.65% on profit taking. Suzlon Energy, ABB, Zee Entertainment, Hero Honda, GAIL India, Reliance Petroleum and Nalco also closed with sharp losses.
IFCI plunged sharply and ended lower by 23.25% at Rs 76.85 on sustained selling today. The stock got hammered due to the company calling off its stake sale plan after talks with the Sterlite-Morgan Stanley combine ended in disagreements over the price and management control.
IFCI opened at Rs 98 - it remained its high for the day - and hit a low of Rs 71.05 before settling for the day at Rs 76.85 with a big loss. On the National Stock Exchange, the IFCI counter recorded a turnover of Rs 1104.75 crore on a volume of around 143 million shares.
The market breadth, which remained positive till around mid afternoon, turned negative as the session progressed. Out of 2950 stocks traded on BSE today, 1755 stocks closed with losses. 1164 stocks finished on a positive note and 31 stocks ended at their previous closing levels.
Other Sify Stories:
VSNL to link Europe thru TGN cable
Nagarjuna Construction secures Rs 307 cr order
Vodafone ties up with Indian Posts for mobile payment
PSL bags Rs 125 cr worth contract
‘India grows fastest in ECB sales during Q3 2007’
Boeing signs 10-year deal with HAL
Shares of Deccan, UB Holdings surge on merger
IPOs: Flavour of the season for India Inc
Indian viewers need regulation of media content: Dasmunsi
Religare ties up with Bank of Rajasthan
Jaguar-Rover: Another New Year gift for Tatas?
Kingfisher Airlines, Deccan decide to merge
Source: http://www.sify.com/finance . 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 gains 71 pts amid FII pullout
Sensex ends up 71pts; IFCI drops 23%
NSE 5766.50 15.35
BSE 19162.57 70.61
Information technology stocks opened on a bright note and stayed firm right till the end even as stocks from other sectors had a choppy outing as investors appeared highly reluctant to carry home positions ahead of a long weekend. The somewhat subdued trend in global markets also appeared to have forced the participants on to a slightly defensive approach today.
The Sensex, which opened with a positive gap of nearly 120 points at 19,210.22, hit a high of 19,291.14 in intra-day trades and settled at 19,162.57 with a gain of 70.61 points or 0.375. The Nifty ended with a gain of 0.27% or 15.35 points at 5766.50, well down from a high of 5799.50 it had touched in afternoon trade.
While the BSE IT index ended stronger by 3.34%, the Teck index, which has software, media and telecom stocks in its fold, moved up by around 1.5%. The Capital Goods and FMCG indices declined sharply. PSU, Power, Oil & Gas, Bankex, CD and HC indices also ended in the negative territory.
A number of midcap and smallcap stocks went down on sustained selling in afternoon trade.
Satyam Computer Services, which moved up by nearly 6%, was the biggest gainer in the Sensex today. Infosys Technologies, contributing significantly to the market's positive close, gained 3.7%. Tata Consultancy Services surged 2.35% while Wipro, which remained somewhat subdued for a better part of the day, ended with a sharp gain of 1.8%.
Power stock Reliance Energy gained more than 3%. Automobile major Tata Motors rallied 2.9% to Rs 824.80. Mahindra & Mahindra advanced by a little over a percent. Realty stock DLF gained 1.1%.
Bajaj Auto, Bharti Airtel, ONGC, State Bank of India and Reliance Industries finished with modest gains while Hindustan Unilever, Hindalco and Tata Steel edged up marginally.
ACC (down 2.75%), Cipla (down 2%), ITC (down 1.65%), Ranbaxy Laboratories (down 1.65%) and BHEL (down 1.3%) closed with sharp losses. Grasim Industries, HDFC, Reliance Communications and HDFC Bank eased by 0.5% - 1%. Larsen & Toubro, ICICI Bank and Maruti Suzuki also ended weak. Ambuja Cements and NTPC ended almost unchanged from their previous closing levels.
Dr. Reddy's Laboratories, HCL Technologies, Sun Pharmaceuticals, Cairn India, BPCL, SAIL and Tata Power were among the major gainers from the Nifty. GlaxoSmithKline Pharma ended with a sharp loss of 5.6%. VSNL, a big gainer yesterday, lost 4.65% on profit taking. Suzlon Energy, ABB, Zee Entertainment, Hero Honda, GAIL India, Reliance Petroleum and Nalco also closed with sharp losses.
IFCI plunged sharply and ended lower by 23.25% at Rs 76.85 on sustained selling today. The stock got hammered due to the company calling off its stake sale plan after talks with the Sterlite-Morgan Stanley combine ended in disagreements over the price and management control.
IFCI opened at Rs 98 - it remained its high for the day - and hit a low of Rs 71.05 before settling for the day at Rs 76.85 with a big loss. On the National Stock Exchange, the IFCI counter recorded a turnover of Rs 1104.75 crore on a volume of around 143 million shares.
The market breadth, which remained positive till around mid afternoon, turned negative as the session progressed. Out of 2950 stocks traded on BSE today, 1755 stocks closed with losses. 1164 stocks finished on a positive note and 31 stocks ended at their previous closing levels.
Other Sify Stories:
VSNL to link Europe thru TGN cable
Nagarjuna Construction secures Rs 307 cr order
Vodafone ties up with Indian Posts for mobile payment
PSL bags Rs 125 cr worth contract
‘India grows fastest in ECB sales during Q3 2007’
Boeing signs 10-year deal with HAL
Shares of Deccan, UB Holdings surge on merger
IPOs: Flavour of the season for India Inc
Indian viewers need regulation of media content: Dasmunsi
Religare ties up with Bank of Rajasthan
Jaguar-Rover: Another New Year gift for Tatas?
Kingfisher Airlines, Deccan decide to merge
Source: http://www.sify.com/finance . 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.
19 December 2007
The Economic Times Corporate Stories
http://economictimes.indiatimes.com/
India seeks 10 pc growth but economy not immune: PM
Trust bulls to stay in hunt for small-caps
From grocer, Reliance plans shift to supply
Jyothy Labs shares close at Rs 780
Shyam Telecom surges 10%
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M&As were toast of season for India Inc in 2007
Indian CEOs more hierarchical than Americans: Study
Fitch assigns 'F1(ind)' rating to Omax Autos
Tata Motors to display Rs 1 lakh car next month
Suzlon takes the QIP route to raise Rs 2,183 cr
Agilent bags order from Orchid Chem
RIL, Tata Chem in talks for KG basin gas sale
Gujarat Fluorochem to form JV with Chinese Firm
Shringar Cinemas unit in deal with HDIL
Russia's Sistema to invest $1 bn in Shyam Tele
11th Five Year Plan gets final approval
Australian co may buy controlling stake in Sharepro
Investors hitch a ride with high-flying holding cos
Jyothy Laboratories lists at 30% premium
Vakrangee Softwares gets 25-bn-rupee orders
US stocks rise after ECB move
JM Financial mutual plans 11-stock fund
You can retire in 10 yrs, conditions apply
International Business:
Oracle Q2 profit soars 35%
RBS eyeing stake in Chinese trust co: Report
Lehman sees Japanbs nominal GDP growth to remain subdued FY08
India sees 10% growth by 2012, subprime a risk
Thailand's economy desperately seeking stability
JGBs surge, focus on BOJ's economic assessment
Malaysia's UEM Land in pact with Dubai World unit
Darling plans emergency bank rescue package
Finland's Suomi to sell unit to Vienna Insurance
Viacom, Microsoft sign advertising, content deal
Japanese steel cos bolster defences against takeovers
Morgan Stanley posts first-ever loss
UK works on swift rescue plans for banks in trouble
Fed steps in to protect home loan borrowers
Japan's economy to grow faster next year: Govt
Intuit iPhone-friendly Quicken priced at $3/month
DoCoMo chief meets Apple's Jobs amid iPhone rumours
New oil and gas fields in Asia-Australia's Kipper to start 2011
Nippon Steel, Sumitomo, Kobe to boost capital ties
Norddeutsche 2006/07 profit up, sees weaker 2007/08
CSM sells US QA Products unit to Kerry Group
TomTom shares up on optimism on U.S. market
JP Morgan cuts Goldman Sachs CDS ratings to neutral
Morgan Stanley posts loss, China fund buys stake
Arcelor to boost ore self-sufficiency
Uncertainty, not stagflation is the big risk
IMF chief sees no deep market crisis
German carmakers see red over Europebs new emission norms
Daimler CEO open to takeover-led growth
Source: http://economictimes.indiatimes.com/headlines.cms . 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.
India seeks 10 pc growth but economy not immune: PM
Trust bulls to stay in hunt for small-caps
From grocer, Reliance plans shift to supply
Jyothy Labs shares close at Rs 780
Shyam Telecom surges 10%
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M&As were toast of season for India Inc in 2007
Indian CEOs more hierarchical than Americans: Study
Fitch assigns 'F1(ind)' rating to Omax Autos
Tata Motors to display Rs 1 lakh car next month
Suzlon takes the QIP route to raise Rs 2,183 cr
Agilent bags order from Orchid Chem
RIL, Tata Chem in talks for KG basin gas sale
Gujarat Fluorochem to form JV with Chinese Firm
Shringar Cinemas unit in deal with HDIL
Russia's Sistema to invest $1 bn in Shyam Tele
11th Five Year Plan gets final approval
Australian co may buy controlling stake in Sharepro
Investors hitch a ride with high-flying holding cos
Jyothy Laboratories lists at 30% premium
Vakrangee Softwares gets 25-bn-rupee orders
US stocks rise after ECB move
JM Financial mutual plans 11-stock fund
You can retire in 10 yrs, conditions apply
International Business:
Oracle Q2 profit soars 35%
RBS eyeing stake in Chinese trust co: Report
Lehman sees Japanbs nominal GDP growth to remain subdued FY08
India sees 10% growth by 2012, subprime a risk
Thailand's economy desperately seeking stability
JGBs surge, focus on BOJ's economic assessment
Malaysia's UEM Land in pact with Dubai World unit
Darling plans emergency bank rescue package
Finland's Suomi to sell unit to Vienna Insurance
Viacom, Microsoft sign advertising, content deal
Japanese steel cos bolster defences against takeovers
Morgan Stanley posts first-ever loss
UK works on swift rescue plans for banks in trouble
Fed steps in to protect home loan borrowers
Japan's economy to grow faster next year: Govt
Intuit iPhone-friendly Quicken priced at $3/month
DoCoMo chief meets Apple's Jobs amid iPhone rumours
New oil and gas fields in Asia-Australia's Kipper to start 2011
Nippon Steel, Sumitomo, Kobe to boost capital ties
Norddeutsche 2006/07 profit up, sees weaker 2007/08
CSM sells US QA Products unit to Kerry Group
TomTom shares up on optimism on U.S. market
JP Morgan cuts Goldman Sachs CDS ratings to neutral
Morgan Stanley posts loss, China fund buys stake
Arcelor to boost ore self-sufficiency
Uncertainty, not stagflation is the big risk
IMF chief sees no deep market crisis
German carmakers see red over Europebs new emission norms
Daimler CEO open to takeover-led growth
Source: http://economictimes.indiatimes.com/headlines.cms . 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
VCCircle.com
Lightspeed To Look At Non-Tech Businesses Too In India
Indiareit Fund Advisors Picks Up A 75% Stake In Hyderabad’s Amsri Group Project
IDG Ventures Invests In 3D Tech Company Incubated At Stanford, IISc
ICICI Venture, CVCI May Reportedly Pull Out Of Dr Reddy’s Perlecan Pharma
IFCI Venture Capital Plans €50 million Fund For Carbon Credit Sector; Needs Partner
Tech VC Firm Techfarm Ventures Buys Out Hyderabad’s IChip Technologies
CVCI’s “Pipeline”: Invests Additional $125 Million In JBF Industries
Boutique I-Banks No More Boutique; Avendus To Enter NBFC Biz
ACK Media Acquires Bangalore’s Quite Men Studios; To Acquire Career, Community Portals
Wadhawan Food Retail Plans IPO In 12 To 18 Months
Shapoorji Pallonji Sells 15% In Real Estate SPV To GIC, CVCI For $290M: Report
Media Focused Fund ComVentures Merges With Velocity Investment Group
Burrill Raising India Focused Life Sciences Fund Of $150-200M By Q1 ‘08
Pramath Sinha’s 9.9 Mediaworx Acquires Jasubhai Digital Media
Jai Balaji Industries Raises Rs 273 Crore From CVCI, India Equity Partners
Yash Birla Group Mulls IPO For Auto Component Businesses
Merrill Lynch International Buys 12.74% Stake In Resurgere Mines
FXLabs Acquires Sashi Chimala’s Online Gaming Company Knibble.com For $3M
Kubera Invests $17 Million In Ocimum Biosolutions; To Fund Gene Logic Buy
GBN Buys New Vernon’s 10% Stake In Jagran TV For Rs 20 Crore
M&A Round Up: Phoenix Lamps; Aegis BPO; India Glycols
B Seenaiah Raises $38.5M From L&T, IDFC, Lehman, Amansa Capital
Trichy’s Cethar Vessels To Raise $100M From PE Firms
Ford May Choose Tatas As Preferred Bidder For Jaguar, Land Rover
Yatra Capital’s Mid-Sized Property Safari; Latest Is €20M In Batanagar IT Project
ICICI Venture Exits Miditech In Favour Of Turner International
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Indiape.com
India Glycols acquires Shakumbari Sugar
PE funds ready to bite into Monginis Foods
L&T, IDFC, Lehman buy 7% in B Seenaiah
End in sight for private equity's unfettered freedom
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.
Lightspeed To Look At Non-Tech Businesses Too In India
Indiareit Fund Advisors Picks Up A 75% Stake In Hyderabad’s Amsri Group Project
IDG Ventures Invests In 3D Tech Company Incubated At Stanford, IISc
ICICI Venture, CVCI May Reportedly Pull Out Of Dr Reddy’s Perlecan Pharma
IFCI Venture Capital Plans €50 million Fund For Carbon Credit Sector; Needs Partner
Tech VC Firm Techfarm Ventures Buys Out Hyderabad’s IChip Technologies
CVCI’s “Pipeline”: Invests Additional $125 Million In JBF Industries
Boutique I-Banks No More Boutique; Avendus To Enter NBFC Biz
ACK Media Acquires Bangalore’s Quite Men Studios; To Acquire Career, Community Portals
Wadhawan Food Retail Plans IPO In 12 To 18 Months
Shapoorji Pallonji Sells 15% In Real Estate SPV To GIC, CVCI For $290M: Report
Media Focused Fund ComVentures Merges With Velocity Investment Group
Burrill Raising India Focused Life Sciences Fund Of $150-200M By Q1 ‘08
Pramath Sinha’s 9.9 Mediaworx Acquires Jasubhai Digital Media
Jai Balaji Industries Raises Rs 273 Crore From CVCI, India Equity Partners
Yash Birla Group Mulls IPO For Auto Component Businesses
Merrill Lynch International Buys 12.74% Stake In Resurgere Mines
FXLabs Acquires Sashi Chimala’s Online Gaming Company Knibble.com For $3M
Kubera Invests $17 Million In Ocimum Biosolutions; To Fund Gene Logic Buy
GBN Buys New Vernon’s 10% Stake In Jagran TV For Rs 20 Crore
M&A Round Up: Phoenix Lamps; Aegis BPO; India Glycols
B Seenaiah Raises $38.5M From L&T, IDFC, Lehman, Amansa Capital
Trichy’s Cethar Vessels To Raise $100M From PE Firms
Ford May Choose Tatas As Preferred Bidder For Jaguar, Land Rover
Yatra Capital’s Mid-Sized Property Safari; Latest Is €20M In Batanagar IT Project
ICICI Venture Exits Miditech In Favour Of Turner International
------------------------------------------------------
Indiape.com
India Glycols acquires Shakumbari Sugar
PE funds ready to bite into Monginis Foods
L&T, IDFC, Lehman buy 7% in B Seenaiah
End in sight for private equity's unfettered freedom
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.
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PE updates from VCCircle.com,
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