IT’S A WRAP: ADAG, SPIELBERG DEAL DONE
Anil Ambani group’s Reliance Entertainment and DreamWorks SKG of acclaimed director Steven Spielberg have completed the much-talked about deal for jointly making Hollywood films.
The Indian Express
Sunday, September 21, 2008
WALL STREET JOB LOSSES MAY BE ASIA'S GAIN
Within hours of Bank of America agreeing to buy Merrill Lynch this week, Indian financial services firm Ambit hired five Merrill executives, a sign that Asia hopes to gain from massive Wall Street layoffs.
The Economic Times
Within hours of Bank of America agreeing to buy Merrill Lynch this week, Indian financial services firm Ambit hired five Merrill executives, a sign that Asia hopes to gain from massive Wall Street layoffs.
The Economic Times
INDIAN BANKS IN BETTER SHAPE THAN GLOBAL PEERS
Indian banks appear to be headed for better profits this quarter in sharp contrast to banks in the West which are issuing profit warnings amidst massive writedowns. Most banks in India are likely to show better profits for the quarter ending September compared with the previous quarter (June 2008).
The Economic Times
Indian banks appear to be headed for better profits this quarter in sharp contrast to banks in the West which are issuing profit warnings amidst massive writedowns. Most banks in India are likely to show better profits for the quarter ending September compared with the previous quarter (June 2008).
The Economic Times
SEBI, RBI PANEL ON M&As
Capital market regulator Securities and Exchange Board Of India (Sebi) and banking sector regulator Reserve Bank of India (RBI) are planning to set up a joint committee to look into the issues related to mergers and acquisitions (M&As) in the corporate sector...
Sebi has decided to bring down the number of days for rights issues of companies to 43 days from the current 109 days.
Business Standard
Capital market regulator Securities and Exchange Board Of India (Sebi) and banking sector regulator Reserve Bank of India (RBI) are planning to set up a joint committee to look into the issues related to mergers and acquisitions (M&As) in the corporate sector...
Sebi has decided to bring down the number of days for rights issues of companies to 43 days from the current 109 days.
Business Standard
WHAT SLOWDOWN? INDIA NO 1 HIRING DESTINATION
India ranks at the top amongst 33 countries with most favourable fourth-quarter hiring plans. It is followed by Costa Rica, Peru, Singapore, Taiwan, Colombia, Romania, Poland, Argentina, Australia and South Africa, all of which have reported a positive employment outlook...
The Economic Times
India ranks at the top amongst 33 countries with most favourable fourth-quarter hiring plans. It is followed by Costa Rica, Peru, Singapore, Taiwan, Colombia, Romania, Poland, Argentina, Australia and South Africa, all of which have reported a positive employment outlook...
The Economic Times
Tuesday, September 09, 2008
DEAL DONE, NOW FOR THE DEALS
From steam turbines to high-technology reactors, India’s power sector companies are set to reap a bonanza after the government, last weekend, won backing of the 45-nation Nuclear Suppliers Group to trade in atomic fuel and technology in the global market.
Companies like BHEL, NTPC, Tata Power and Larsen and Toubro are eyeing a raft of high-value contracts and joint ventures, the promise of which fuelled a stock rally on Monday. The Bombay Stock Exchange’s 30-share Sensex rose 461 points, or 3.2 per cent, on the back of a surge in stocks of power and equipment manufacturing companies.
Hindustan Times
From steam turbines to high-technology reactors, India’s power sector companies are set to reap a bonanza after the government, last weekend, won backing of the 45-nation Nuclear Suppliers Group to trade in atomic fuel and technology in the global market.
Companies like BHEL, NTPC, Tata Power and Larsen and Toubro are eyeing a raft of high-value contracts and joint ventures, the promise of which fuelled a stock rally on Monday. The Bombay Stock Exchange’s 30-share Sensex rose 461 points, or 3.2 per cent, on the back of a surge in stocks of power and equipment manufacturing companies.
Hindustan Times
HCL TO COUNTER INFOSYS' BID FOR UK FIRM AXON
India Inc’s biggest overseas acquisition in the software space might just grow bigger as HCL Technologies is learnt to be offering 15% over and above Infosys’ bid for the UK-based SAP consultant Axon.
The Economic Times
India Inc’s biggest overseas acquisition in the software space might just grow bigger as HCL Technologies is learnt to be offering 15% over and above Infosys’ bid for the UK-based SAP consultant Axon.
The Economic Times
Sunday, September 07, 2008
NSG WAIVER TO OPEN NUCLEAR COMMERCE WITH SEVERAL COUNTRIES
Welcoming the NSG waiver, former National Security Advisor Brajesh Mishra today said it would open nuclear commerce with several countries and also strengthen Indo-US ties.
One, it opens up nuclear commerce with so many countries which has been prohibited since the last few decades ... Second, it brings India and US close to each other ...
The Economic Times
Welcoming the NSG waiver, former National Security Advisor Brajesh Mishra today said it would open nuclear commerce with several countries and also strengthen Indo-US ties.
One, it opens up nuclear commerce with so many countries which has been prohibited since the last few decades ... Second, it brings India and US close to each other ...
The Economic Times
NUCLEAR SUPPLIERS CLEAR LANDMARK US-INDIA DEAL
The United States finally persuaded supplier nations Saturday to lift a 34-year-old embargo on nuclear trade with India, following weeks of tough negotiations. The US described the breakthrough on the third consecutive day of talks as an "historic" and "landmark" deal that would boost nuclear non-proliferation, while enabling India to meet its huge needs with low-polluting energy.
India called the agreement an "important step" in normalising its relations with the rest of the world that would help meet the challenge of climate change and sustainable development. The Nuclear Suppliers Group (NSG), which controls the export and sale of nuclear technology, reached consensus on a one-off waiver of its rules for India, which refuses to sign the Non-Proliferation Treaty.
AFP
The United States finally persuaded supplier nations Saturday to lift a 34-year-old embargo on nuclear trade with India, following weeks of tough negotiations. The US described the breakthrough on the third consecutive day of talks as an "historic" and "landmark" deal that would boost nuclear non-proliferation, while enabling India to meet its huge needs with low-polluting energy.
India called the agreement an "important step" in normalising its relations with the rest of the world that would help meet the challenge of climate change and sustainable development. The Nuclear Suppliers Group (NSG), which controls the export and sale of nuclear technology, reached consensus on a one-off waiver of its rules for India, which refuses to sign the Non-Proliferation Treaty.
AFP
Wednesday, September 03, 2008
BRAND POWER: RIL KING OF BRANDS AT $6.8 BN
India’s trillion-dollar plus stock markets boast of 20 companies with a brand value of over $1 billion, up from 16 last year. There are now a dozen (BSE-listed) companies with a brand value over $2 billion (vis-à-vis nine last year) and half-a-dozen with over $3 billion (up from four last year). Raise the cut-off to $6 billion, and it’s a club-of-one, India’s biggest private-sector company, Reliance Industries, with an end-2007 brand value of $6.81 billion (Rs 26,801 crore) vis-à-vis $5.8-billion in end-2006.
The Economic Times
India’s trillion-dollar plus stock markets boast of 20 companies with a brand value of over $1 billion, up from 16 last year. There are now a dozen (BSE-listed) companies with a brand value over $2 billion (vis-à-vis nine last year) and half-a-dozen with over $3 billion (up from four last year). Raise the cut-off to $6 billion, and it’s a club-of-one, India’s biggest private-sector company, Reliance Industries, with an end-2007 brand value of $6.81 billion (Rs 26,801 crore) vis-à-vis $5.8-billion in end-2006.
The Economic Times
OVL GETS RED CARPET FROM IMPERIAL FOR 61.9% STAKE
ONGC Videsh (OVL), the foreign investment arm of the country’s largest exploration company, ONGC, on Tuesday put in a formal bid to acquire UK-based oil firm Imperial Energy at 1,250 pence per share. Imperial Energy, with assets in the Russian Federation and CIS countries, is valued at $2.58 billion at the bid price.
The Economic Times
ONGC Videsh (OVL), the foreign investment arm of the country’s largest exploration company, ONGC, on Tuesday put in a formal bid to acquire UK-based oil firm Imperial Energy at 1,250 pence per share. Imperial Energy, with assets in the Russian Federation and CIS countries, is valued at $2.58 billion at the bid price.
The Economic Times
PE RUSH SEEN LIFTING VALUATIONS
The hanging uncertainty in the capital markets and the ensuing fall in company valuations have triggered an influx of private equity (PE) funds. But a likely overcrowding could stretch valuations. The 30% fall in stock markets, from January, has led to a greater appetite for PE funds, but many deals were stuck over high valuations. Now, with promoters seeing a prolonged stability in the market at the current levels, and with no immediate upswings in sight, the time is again ripe for PE. The BSE Sensex, which had touched 21,000 in early January, is now languishing over the 14,000-mark.
The Financial Express
The hanging uncertainty in the capital markets and the ensuing fall in company valuations have triggered an influx of private equity (PE) funds. But a likely overcrowding could stretch valuations. The 30% fall in stock markets, from January, has led to a greater appetite for PE funds, but many deals were stuck over high valuations. Now, with promoters seeing a prolonged stability in the market at the current levels, and with no immediate upswings in sight, the time is again ripe for PE. The BSE Sensex, which had touched 21,000 in early January, is now languishing over the 14,000-mark.
The Financial Express
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