MUMBAI, Dec 24 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
ECONOMIC TIMES ( www.economictimes.com)
* Citigroup Venture Capital plans to sell a part of its 75 percent stake in brokerage firm Sharekhan. Sharekhan may be valued at 15-20 billion rupees. Merrill Lynch is the front runner to buy the stake. ( MER.N | Add to Watchlist )
* Serial entrepreneur C. Sivasankaran is considering selling his 7 percent stake in telecoms firm Tata Teleservices and wants 50 rupees a share for his holding.
* Bharti Enterprises, part of a group which owns telecoms firm Bharti Airtel , may acquire Delhi-based retailer Big Apple. Bharti plans to start retail operations in March and the cash and carry business in partnership with Wal-Mart in the third quarter of next year. ( BRTI.BO | Add to Watchlist )(WMT.N | Add to Watchlist )
* Future Capital, the financial arm of the Future Group that owns Pantaloon Retail (India) Ltd , has bought 28 percent of Sankalp Retail Value Stores. Sankalp Retail is a franchisee of U.S.-based discount store My DollarStore. (PART.BO | Add to Watchlist )
* Rice processing firm LT Overseas Ltd has bought U.S.-based Kusha Inc for $20 million. ( LTOL.BO | Add to Watchlist )
* Standard Chartered is likely to call off the sale of its asset management business in India to Swiss bank UBS as a the time given to complete the deal expired. It is likely to make the announcement in a fortnight and is already in talks with a host of overseas players to sell the unit. ( STAN.L | Add to Watchlist )(UBSN.VX | Add to Watchlist )
FINANCIAL EXPRESS (www.financialexpress.com)
* Reliance Big Entertainment, part of the diversified Anil Dhirubhai Ambani group, plans to sell about 5 percent stake to global investors to fund movie production, social networking and movie rental business.
BUSINESS LINE (www.businessline.in)
* State-run Indian Oil Corp plans to bid by itself for small exploration blocks put on offer under the seventh round of New Exploration Policy. ( IOC.BO | Add to Watchlist )
BUSINESS STANDARD (www.businessstandard.com)
* State-run gas transporter GAIL (India) Ltd may finalise a bonus share issue within the next six months. ( GAIL.BO | Add to Watchlist )
HINDUSTAN TIMES (www.hindustantimes.com)
* Software services firm Wipro Ltd is expected to place a bid for French consulting firm Capgemini by January next year. The bid could be close to 48 euro a share valuing Capgemini at $6.4-7 billion. ( WIPR.BO | Add to Watchlist )(CAPP.PA | Add to Watchlist )
Daily News & Analysis (www.dnaindia.com)
* Satyam Computer Services is close to entering into a partnership with at least one large global auto firm for rolling out its new virtual vehicle development platform. ( SATY.BO | Add to Watchlist )
($1= 39.55 rupees)
--
Stay Beautiful
arun.T
ECONOMIC TIMES ( www.economictimes.com)
* Citigroup Venture Capital plans to sell a part of its 75 percent stake in brokerage firm Sharekhan. Sharekhan may be valued at 15-20 billion rupees. Merrill Lynch is the front runner to buy the stake. ( MER.N | Add to Watchlist )
* Serial entrepreneur C. Sivasankaran is considering selling his 7 percent stake in telecoms firm Tata Teleservices and wants 50 rupees a share for his holding.
* Bharti Enterprises, part of a group which owns telecoms firm Bharti Airtel , may acquire Delhi-based retailer Big Apple. Bharti plans to start retail operations in March and the cash and carry business in partnership with Wal-Mart in the third quarter of next year. ( BRTI.BO | Add to Watchlist )(WMT.N | Add to Watchlist )
* Future Capital, the financial arm of the Future Group that owns Pantaloon Retail (India) Ltd , has bought 28 percent of Sankalp Retail Value Stores. Sankalp Retail is a franchisee of U.S.-based discount store My DollarStore. (PART.BO | Add to Watchlist )
* Rice processing firm LT Overseas Ltd has bought U.S.-based Kusha Inc for $20 million. ( LTOL.BO | Add to Watchlist )
* Standard Chartered is likely to call off the sale of its asset management business in India to Swiss bank UBS as a the time given to complete the deal expired. It is likely to make the announcement in a fortnight and is already in talks with a host of overseas players to sell the unit. ( STAN.L | Add to Watchlist )(UBSN.VX | Add to Watchlist )
FINANCIAL EXPRESS (www.financialexpress.com)
* Reliance Big Entertainment, part of the diversified Anil Dhirubhai Ambani group, plans to sell about 5 percent stake to global investors to fund movie production, social networking and movie rental business.
BUSINESS LINE (www.businessline.in)
* State-run Indian Oil Corp plans to bid by itself for small exploration blocks put on offer under the seventh round of New Exploration Policy. ( IOC.BO | Add to Watchlist )
BUSINESS STANDARD (www.businessstandard.com)
* State-run gas transporter GAIL (India) Ltd may finalise a bonus share issue within the next six months. ( GAIL.BO | Add to Watchlist )
HINDUSTAN TIMES (www.hindustantimes.com)
* Software services firm Wipro Ltd is expected to place a bid for French consulting firm Capgemini by January next year. The bid could be close to 48 euro a share valuing Capgemini at $6.4-7 billion. ( WIPR.BO | Add to Watchlist )(CAPP.PA | Add to Watchlist )
Daily News & Analysis (www.dnaindia.com)
* Satyam Computer Services is close to entering into a partnership with at least one large global auto firm for rolling out its new virtual vehicle development platform. ( SATY.BO | Add to Watchlist )
($1= 39.55 rupees)
--
Stay Beautiful
arun.T
Comments
RBI has cut Repo rate by 100 BPS to 6.5%, due to this we can see some rebound in the Indian Stock Market,as this is one of the factors which will also decide the movement of Nifty in coming days along with different other factors,our advice for intraday traders is to trade light
Any Query
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+91-9871142419
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KnowYourProfit
Now in the coming trading sessions i.e. in Feb'09 one can see important factors deciding the movement of the Indian Stock Market one of the them is the results of the Various companies which had to be announced plays a key role in the movement in the Stocks.So this is suggested to trade with a Perfect Strategy to be followed for trading in the indian stock market
We welcomed your Queries at :
+91-9871142419
+91-9212663485
Knowyourprofit@gmail.com
KnowYourProfit
its our pleasure to post a comment on this blog created by the webmaster
Now in the coming trading sessions i.e. in Feb'09 one can see important factors deciding the movement of the Indian Stock Market,one of the them is the results of the Various companies which had to be announced plays a key role in the movement in the Stocks.So this is suggested to trade with a Perfect Strategy to be followed for trading in the indian stock market
We welcomed your Queries at :
+91-9871142419
+91-9212663485
Mail your Queries at:
knowyourprofit@gmail.com
www.KnowYourProfit.com
its our pleasure to post a comment on this blog created by the webmaster
Now in the coming trading sessions i.e. in Feb'09 one can see important factors deciding the movement of the Indian Stock Market,one of the them is the results of the Various companies which had to be announced plays a key role in the movement in the Stocks.So this is suggested to trade with a Perfect Strategy to be followed for trading in the indian stock market
We welcomed your Queries at :
+91-9871142419
+91-9212663485
Mail your Queries at:
knowyourprofit@gmail.com
www.KnowYourProfit.com
The market is currently enjoying a good rally which has seen most stocks gain from competitive advantage and it would be advisable for all stock market enthusiasts to seize this opportunity and plan their investments in a safer yet conducive stock market. With NIFTY hovering around 4800-4900 +, it is expected to take hold of this currently rally and be realistically be closest to 5000 more so than before in what should be its new 52 week high.
Lot many untouched stocks are still there which are ready to blast any moment.
Regards
SHARETIPSINFO TEAM