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

India’s market cap crosses Rs 70 lakh crore-mark

Investors’ wealth on the Indian bourses has crossed Rs 70,00,000-crore milestone for the first time in history, with an average increase of over Rs 40 crore in every minute of trading during 2007. The total wealth, measured in terms of cumulative market capitalisation of all the listed Companies on the Bombay Stock Exchange, has surged to a record high of Rs 70,38,538 crore (over $1.7 trillion), the latest data available with the bourses show. This marks a ten-fold surge in the total market value in just about four and a half years. It stood at about Rs 7,00,000 crore in May 2003. The investors’ wealth has grown by Rs 34,14,181 crore, or about $970 billion, since the beginning of 2007. Taking into account the 249 days of trading so far this year, this means an average gain of about Rs 13,711 crore a day or about Rs 41 crore a minute.

The Financial Express
http://www.financialexpress.com/news/
Indias-market-cap-crosses-Rs-70-lakh-croremark/255870/

Fourteen executives in fray for top PFC job

Fourteen executives from NTPC, BHEL, NHPC and other state-run enterprises are in the race for the top post of Power Finance Corporation, the country's prime lender in power sector which went public early this year. Those in the fray include three Power Finance Corp (PFC) officials believed to be among the front-runners for the post of the company's chairman and managing director, as the present Chief VK Garg retires on July 31 next year.

The Economic Times
http://economictimes.indiatimes.com/News_by_Industry/
Fourteen_executives_in_fray_for_top_PFC_job/
NTPC, BHEL, NHPCarticleshow/2657482.cms