Jindal Steel and Power today said its subsidiary, Jindal Power , is likely to launch a Rs 7,000 crore initial public offer(IPO) in the next six months.

"We will come up with our IPO within next six months," Jindal Steel and Power Executive Vice Chairman and Managing Director Naveen Jindal said on the sidelines of the India Economic Summit here.

When asked how much money the company plans to raise through the IPO, Jindal said it will be around Rs 7,000 crore.

Commenting on the expansion plans, Jindal said the company plans to increase steel production capacity to 10 million tonnes per annum in three years. At present, the company's output is 3 million tonnes per annum.

The company will also augment its power generation capacity to 6,000 megawatts in three years from 2,000 megawatts at present.

JSPL also said it is investing USD 2.1 billion on a mining project in Bolivia, South America. The company has been granted approvals and 3,000 acres of land to develop the El Mutun iron ore deposit and set up a steel plant in Bolivia's Santa Cruz area.

Name- Rakesh prasad
PGDM -1

Equities were volatile due to lack of buying activity as wary traders stood on sidelines after a sharp correction in previous session. Lack of supportive cues from global peers also kept the bulls under check.

At 1pm; National Stock Exchange’s Nifty was at 6094.35, up 22.70 points or 0.37 per cent. The 50-share index touched a high of 6101.45 and low of 6039.40 in trade so far.

Bombay Stock Exchange’s Sensex was at 20191.80, up 34.91 points or 0.17 per cent. The index touched a high of 20241.48 and low of 20046.60 in trade so far.

BSE Midcap Index was down 0.31 per cent and BSE Smallcap Index moved 0.27 per cent lower.

Amongst the sectoral indices, BSE Realty Index was down 1.66 per cent and BSE Oil&gas Index fell 0.73 per cent. BSE Bankex moved 1.48 per cent higher and BSE IT Index gained 0.66 per cent.

Nifty gainers included Cipla (3.41%), Sesa Goa (2.67%), SBI (2.48%), IDFC (2.37%) and HDFC Bank (2.29%).

Reliance Capital (-3.09%), Reliance Communications (-2.27%), Ambuja Cement (-2.27%), Ranbaxy (-2.07%) and Reliance Infrastructure (-1.80%) led the decline.

Market breadth was negative on the NSE with 1757 declines against 1408 advances.

Name -Rakesh prasad
PGDM -1 

Innovation as the key to commercial success

Knowing today what the market will demand tomorrow is part of the success strategy of innovative companies. Siemens Industry experts take a look to the future and talk about the innovations they expect to see in their respective fields within the next ten years. This ranges from innovative
                                                          NIRAJ KR.
                                                         PGDM 1ST.SEM

Increased safety for the chemical company INEOS Phenol

In the front gardens of Gladbeck lies the production facility of Germany’s largest producer of phenol and acetone. The chemical company INEOS Phenol produces 650,000 tons of phenol a year here. However, standing in front of the tree-lined entrance, the air smells no different than if an insurance company were located behind it, and not a chemical plant. Joachim Pieper, CEO of INEOS Phenol GmbH, explains in a short video statement how safety, quality, and environmental protection come together in his company.

 

                                 niraj kr.

                               pgdm 1sem.sem

Website Marketing Proposals: What To Expect

If you are planning on hiring an outside party to market your company's website, you'll soon discover that there are many providers competing for your business. With all the choices, it's important to know ahead of time about the options that are available. With that in mind, here is information on three of the most common types of website marketing proposals you'll likely come across. Use this information to help you make the right choice when selecting the best marketing provider for your needs.







PIYUSH JOSHI
PGDM-1

Percept/H wins creative mandate of Asmi & Shuddhi Jewels

Gitanjali Group has realigned its creative agency for two of its brands and handed over Asmi brand to Percept/H from JWT India. Percept/H has also been assigned the creative mandate for newly launched Shuddhi Jewels, a joint venture between Gitanjali Group and MMTC Ltd. Commenting on this win Prabhakar Mundkur, Chief Executive Officer, Percept/H said,” It feels great to work with prestigious brands like Asmi & Shuddhi. I am confident that we will continue to deliver communication that...|

                                                niraj kr.

                                               pgdm 1st.sem

Consumers Plan to Use Mobile Phones for Holiday Shopping

The numbers come from the October 2010 U.S. Mobile Consumer Briefing, which was conducted on behalf of the The Mobile Marketing Association and it’s even further proof that mobile marketing is on the rise.
Of those who expected to use their phone to faciliate shopping, 64% said they’re check their phone before going to a store, but only 12% said it would be in response to a  TV, billboard or newspaper ad. What are they using the phones for? To search for locations where a gift is sold and to compare prices were the two most common responses.
The survey’s other key findings include:

• Asians, Hispanics and adults ages 25-34 are the demographic groups most likely to use their phone to a great extent for holiday shopping and celebration planning.
• Thirteen percent of mobile holiday shoppers expect to use their phone to purchase or pay for gifts (13%).
• Movies, music, consumer electronics and books are the top gift types that mobile holiday shoppers thought would be helpful to shop for using a mobile phone.
• Among mobile holiday shoppers, Hispanics and Asians were more likely to think that toys or games would be helpful to shop for with a mobile phone.

Though I do believe that our dependence on mobile phones is rising (my husband forgot his when we went out shopping today and he wanted to go back home to get it), I’d take these results with a healthy dose of skepticism. Not that I think they’re wrong, but I don’t believe that people really know what they’ll use their phones for let alone what kind of gift would be better served. I suspect people responded with the most popular categories for gift buying, the same answer you’d get if you asked them what they buy online or at the mall.
Here’s a quote from the press release that does sum it all up nicely. It’s from Jacqueline Rosales, EVP, Business Development & Client Service of Luth Research;

VARUN KUMAR TIWARI
PGDM-1st Sem

Big F.M. Celebratind Children Day On November-14

New Delhi: Childhood is all about innocence and playfulness. It is also about happiness and freedom. And Children's Day is an occasion to celebrate “childhood”. With Children’s Day just around the corner, 92.7 BIG FM’s Delhi station has planned a special program with the concept BIG Lagayega Class with the Kids. But, in place of the usual one-day celebration on November 14, the station is making it a week-long affair.

Starting November 8 and going on till November 14, 92.7 BIG FM has come up with some hatke plans to celebrate Children’s Week. In this special program while the spotlight will continue to be on the kids, the treatment would be quite out-of-the-box. Instead of focusing directly on the children, the station will put various celebrities to test.

This is one of the rarest occasions on radio when kids Celebrities ki Class Lagayenge! One of the most unforgettable moments from our childhood is when we were cornered in a tight situation, rightly put as, Class lag gayi, and this programming takes us back in time to various such memorable moments – a flashback to some of the carefree days
And while doing all this, 92.7 BIG FM is also focusing on spreading a BIG smile by creating a memorable opportunity for children with special needs and orphans.

A simple idea can turn into a great gift, often with a little love and care. So besides taking children from various NGOs on-air, the radio station will be gratifying these children by treating them and gifting them with a bag full of goodies and special movie screening.

VARUN KUMAR TIWARI
PGDM-1st SEM

RBI takes steps to hike money supply

MUMBAI: In a bid to ease liquidity pressure on the banking system due to a spurt in festival season demand, the Reserve Bank on Tuesday announced special measures to increase money supply in the financial system.

"Scheduled commercial banks may avail of additional liquidity support under the LAF to the extent of up to 1% of their net demand and time liabilities (NDTL) as on the reporting Friday of the second preceding fortnight," RBI said in a statement.

"For any shortfall in maintenance of statutory liquidity ratio (SLR) during November 9 to December 16, 2010, arising out of availment of this facility, banks may seek waiver of penal interest purely as an ad hoc, temporary measure," the central bank said.

ROHIT KALIA

PGDM 1ST  SEM

Domestic car sales up 38%, bikes 43% in October

NEW DELHI: Domestic passenger car sales jumped by 37.99 per cent to 1,82,992 units in October compared to 1,32,615 units in the same month last year.

According to the figures released by the Society of Indian Automobile Manufacturers (SIAM) today, motorcycle sales in the country during the month grew by 43.31 per cent to 8,76,810 units from 6,11,828 units in the same month last year.

Total two-wheeler sales in October increased by 50.38 per cent to 11,27,827 units from 7,49,965 units in October 2009.

Sales of commercial vehicles jumped by 18.17 per cent to 50,835 units from 43,018 units in the year-ago period, SIAM said.

Total sales of vehicles across categories registered a growth of 45.93 per cent to 14,60,655 units in October as against 10,00,953 units in the same month last year, it added.

ROHIT KALIA

PGDM 1ST SEM

BY WILLIAM SPOSATO AND TOM LAURICELLA

The initial verdict is in after this weekend's G-20 meeting: Expect continued declines in the dollar.
Without any concrete steps to avoid destabilizing "currency wars," investors and strategists say there is no reason to stop selling dollars.
Some analysts say the dollar will likely test its record low of 79.75 yen within the week, and they predict that risk-sensitive currencies, such as the euro and the Australian dollar, will continue their recent strength.
"I expect the yen will hit its record high sometime this week," says Bank of Tokyo-Mitsubishi UFJ senior dealer Kenichi Nishii, who also predicted a rise
                                                       NIRAJ KUMAR
                                                          PGDM 1ST

LABOR'S National Broadband Network is a "colossal waste of money" according to former prime minister John Howard

LABOR'S National Broadband Network is a "colossal waste of money" according to former prime minister John Howard.

And although he is an "agnostic" on global warming, Mr Howard says the climate is changing and Australia should drop its "absurd" objections to nuclear power.

In an exclusive live blog for the Australian Online, the former prime minister also said Tony Abbott should lead the Coalition to the next election, that it's too early to judge Julia Gillard’s performance as prime minister and that Australia did not go into recession during the global financial crisis because of the strong state of the economy from the Howard boom years.

On Labor’s $43 billion project, Mr Howard said "I think the NBN is a colossal waste of money. Senator Conroy said at the weekend that not everybody needed 100MB, that has undermined the whole rationale for the project".
                                                 NIRAJ KUMAR
                                                       PGDM 1ST

Pirmal Healthcare's buyback offer disappointing: Udayan

Published on Mon, Oct 25, 2010 at 09:40   |  Updated at Mon, Oct 25, 2010 at 10:01  |  Source : CNBC-TV18

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Piramal Healthcare reported muted second quarter numbers for fiscal year 2010. Sales came in at Rs 752 crore—that's a fall of over 24% against the corresponding quarter last year. Net profits came in at over Rs 12,540 crore, but it includes a one-time gain of Rs 16,000 crore from the sale of assets to Abbot.
But the major announcement came outside of the results. The board approves a buyback at Rs 600 a share via tender offer, which was sort of a disappointment for the street that was expecting the buyback to happen at Rs 700 a share. Chairman Ajay Piramal says the company went in for a buyback as it is the most tax efficient option for shareholders than dividend. “If dividend would be given, the shareholders would get only Rs 103 a share, whereas, the buyback will enable shareholders to get Rs 107 a share. In fact even promoters can tender stock in buyback.”

Excerpts from Bazaar on CNBC-TV18 Watch the full show »

ALSO READ See what other CNBC-TV18 anchors have to say

Commenting on the news, CNBC-TV18’s Udayan Mukherjee says, “I don’t understand what Ajay Piramal is saying about tax efficiency etc, because whichever way you dice it, a dividend would have been far more rewarding for minority shareholder.” 
Here is a verbatim transcript of Udayan Mukherjee's comments on CNBC-TV18. Also see the accompanying video.
It will fall but people will be quite disappointed with what happen because I remember when the deal happened shortly after that the management made a specific mention of a large dividend and that’s not come through. I also don’t understand what Ajay Piramal is saying about tax efficiency etc because whichever way you dice it a dividend would have been far more rewarding for minority shareholders. It doesn’t matter what element of tax you pay. On a 40% acceptance ratio with Rs 80 above the current market price on a buyback—there is hardly anything that minority shareholders are going to get. A Rs 100 to 140 clean dividends would have been far better even after paying full tax. So it’s disappointing.
Technically, the stock might recoil a bit because people might have had expectations and long standing positions might have been there in the market because of expectation of a Rs 100 plus dividend and people who are holding on for that might actually will be disappointed and they might sell off to a certain extent. So, technically there will be supply at higher levels which comes in. Some part of it came in even before the board meeting because the market had the sense it would be buyback and not a dividend payout.
Where should the stock stabilise? It’s difficult to say because in the near-term it would be demand supply but I guess if you say that the cash on the books is still between Rs 475-500 per share, you discounted by 25-32%, which usually happens and then you add back Rs 90-100 for the a residual business of Piramal, I think you get to a price of Rs 450-470 per share. So the stock fundamentally should have some support around Rs 450-470 cash plus residual business. So it can lose Rs 50 more or lose more and then come back to that kind of level.
But the bigger unanswered question is what does the management what to do with the cash? It’s given back less than 25% of the cash to shareholders that through a buyback so what happens with the remaining. They have had several months to mull over it. The deal did not happen yesterday or day before. Now the management is still completely non-committal about how they want to use the cash which raises the question. All that the management did at that point was to exit at a good price and now it’s finding its way into how to deploy that cash and has not arrived at a decision yet.
So do you want to put your money into that kind of a company where the management is feeling its way into figuring out what it wants to do with the cash without the concrete strategy in hand right now or you are better off saying, “I want to take it and go now. Let the management figure out what it wants to do with this cash, I will figure out whether I want to buy Piramal Healthcare then.” The immediate trigger for which the stock held out above Rs 500 was the dividend which has not come. I don’t think there is any fundamental reason to buy the stock above Rs 450 any longer.

PIYUSH JOSHI

PGDM 1 SEM

Gold to trade higher on weakness in dollar: Nirmal Bang

Published on Mon, Oct 25, 2010 at 09:54   |  Updated at Mon, Oct 25, 2010 at 09:55  |  Source : Moneycontrol.com

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Commodities Tips For MCX

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Nirmal Bang has come out with a research report on commodities. The broking firm says, gold is expected to trade up largely on the back of weakness in dollar overseas.
The report says, "Precious metals prices are trading sideways to up on COMEX today. Gold is expected to trade up largely on the back of weakness in dollar overseas. Gold prices are expected to test the levels of USD 1350/ounce and downside looks limited from the current levels."

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment

DEEPAK KUMAR
PGDM 1 ST

Why IIFL is right for me?

Trade @ the Speed of and sell shares on IIFL with speeds comparable and at times better than NSE's NEAT Terminal. This speed and reliability comes only with perseverance of pioneer backed by huge investment in technology
                                                   NIRAJ
                                                PGDM 1ST

Gold to trade higher on weakness in dollar: Nirmal Bang

 

 

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Gold, Silver, Copper, Crude Tips by SMS. Subscribe Now. 80% Accuracy! http://googleads.g.doubleclick.net/aclk?sa=l&ai=BSy2ENQzFTJLUG8aYcMWh-OIE9rHw3gHAm8zfDcCNtwHA9pQBEAEYASCYtbMSOABQ9_Xn_Pj_____AWDlmumD4A6gAfqhuv4DsgEUd3d3Lm1vbmV5Y29udHJvbC5jb226AQEwyAEB2gFnaHR0cDovL3d3dy5tb25leWNvbnRyb2wuY29tL25ld3MvY29tbW9kaXRpZXMvZ29sZC10by10cmFkZS1oaWdoZXJ3ZWFrbmVzc2RvbGxhci1uaXJtYWwtYmFuZ180OTM2NDUuaHRtbIACAakCEN4GGAghWD6oAwHoA9Un6AOQBugDa-gD8wjoA4gH9QMCAABE9QMAAAIA&num=1&sig=AGiWqtxtCr8H7NxP-eRyDuxy-SmlbykPCg&client=ca-money_test_js&adurl=http://www.shareinfoline.com

Why IIFL is right for me?

Trade @ the Speed of and sell shares on IIFL with speeds comparable and at times better than NSE's NEAT Terminal. This speed and reliability comes only with perseverance of pioneer backed by huge investment in technology
                                                        PGDM.1ST

Benefits of Online Stock Trading

Online stock trading refers to buying and/or sell securities by the stock investor himself on the Internet as compared to calling the broker and having him or her place the order. There are many benefits to online stock trading that I will discuss here.
                                                                      niraj
                                                               PGDM 1ST

RAYMOND

BY MOHD YOUSUF

On TradeRacer From ICICIdirect.com The Power Packed Trading Terminal Content.ICICIdirect.com

Raymond touched an intraday high of Rs 401.70 and an intraday low of Rs 388.05. At 09:59 hrs the share was quoting at Rs 389.10, down Rs 8.5, or 2.14%.

It was trading with volumes of 165,867 shares. On Friday the share closed up 2.53% or Rs 9.80 at Rs 397.60.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	385.65	389.10	3.45	0.89
5-Days	393.20	389.10	-4.10	-1.04
7-Days	387.20	389.10	1.90	0.49
15-Days	367.25	389.10	21.85	5.95
1-Month	398.55	389.10	-9.45	-2.37
3-Month	226.40	389.10	162.70	71.86
6-Month	251.30	389.10	137.80	54.83
9-Month	235.20	389.10	153.90	65.43
1-Year	195.30	389.10	193.80	99.23

ALSO READ See latest News about Raymond See what other Experts & Brokerages are saying about Raymond See messages about Raymond

HDFC

BY MOHD YOUSUF

India's largest mortgage lender Housing Development Finance Corporation (HDFC) is set to announce its results for the quarter ended September 2010. According to CNBC-TV18 estimates, the company is expected to post net profit at Rs 800.15 crore as against Rs 663.94 crore, a growth of 20.51% on year-on-year basis (YoY).
Net interest income is seen going up 20.38% to Rs 1,140 crore from Rs 947 crore, (YoY).

Its net operating income is seen up 19.42% from Rs 1013.72 crore to Rs 1210.7 crore.
Q2FY11 expectations
* Loan growth of 22% expected
* 23% growth in NII led by strong disbursals during Q1FY11
* Retail business will continue to be strong
* Disbursements are expected grow at over 11%
* Spreads likely to come at 2.2%

Five of India's biggies may shed Rs 40K-cr holding

NEW DELHI: Five of India’s biggest listed companies, four of which are in the Nifty, have a Rs 40,000-crore decision to make in the next six months: what to do with the Rs 40,000 crore of their own shares they currently hold?

The urgency to make that decision arises from India Inc beginning its transition to International Financial Reporting Standards (IFRS), the global accounting architecture that is far more demanding than current Indian standards, from April 1, 2011.

IFRS invalidates a big reason why Indian companies prefer to hold their own shares or ‘treasury stock’ in accounting parlance. “Companies holding treasury stock for profit might now consider not having it at all,” says Jamil Khatri, executive director, IFRS, KPMG.

If these five companies, Reliance Industries, Mahindra & Mahindra , BPCL , Jaiprakash Associates and United Spirits , think similarly, it could lead to them offloading Rs 40,000 crore of their stock (See table: Stock Pile).

Emails to the five companies on their reasons for holding treasury stock and plans went unanswered.

To put that Rs 40,000 crore number in perspective, it is about 8.7% of the total Rs 4,60,000 crore market capitalisation of those five companies. “Share prices of companies with treasury stock might come under pressure,” says the research head of a leading brokerage.

A conclusive list of Indian companies with treasury stock, and their exact holding, is difficult to generate, as most of them hold such shares in a trust of a subsidiary. Because of the two degrees of separation, if not more, under Indian accounting rules, companies are not under compulsion to disclose the accounts of the trust. So, in most cases, treasury stock doesn’t show up in databases.

Treasury stock arises when a company merges a subsidiary into itself. For instance, Reliance Industries Limited (RIL), through four of its subsidiaries, held 46% stake in IPCL. When IPCL merged into RIL, all IPCL shareholders got RIL shares. RIL, being a shareholder through its subsidiaries, got its own shares.

In most developed markets like the US and the UK, companies extinguish their treasury stock on allotment itself. This has the effect of reducing a company’s equity, thus boosting its earnings per share (EPS). Theoretically, this should increase shareholder wealth. “Cancellation seems logical as it restates the correct position after merger,” says R Shankar Raman, senior vice-president (finance & legal), L&T, which has no treasury stock.

But several Indian companies have chosen to hold treasury stock. Promoters might want greater control over their stock or might feel their stock is undervalued. Or, they might want to sell treasury stock, boost their profit number, and use it to pay dividends or fund expansion. IFRS closes the profit and dividend-payout window.

Under this new accounting architecture, companies can’t show the sale proceeds of treasury stock as income. If they can’t recognise it as income, they can’t add it to profits. If they can’t add it to profits, they can’t distribute it as dividends.

In other words, such a transaction bypasses the profit and loss (P&L) account. The change gets reflected only in the balance sheet, with an increase in reserves. Thus, the sales proceeds can be used for expansion, but not to pay dividends. This reduces the incentive for companies to hold treasury stock with the intention of profiting from it.
L&T’s Raman says it’s difficult to say how companies will act

ROHIT KALIA
PGDM 1ST SEM

Reliance BIG TV signs corporate alliance with MIRC Electronics

MUMBAI: Reliance BIG TV (RBTV), a leading Direct-to-Home (DTH) service provider in the country, has entered into a corporate alliance with leading electronics manufacturer, MIRC Electronics Limited--makers of the Onida brand of consumer durables.

Customers across the country can now avail of a free Reliance BIG TV connection on the purchase of Onida LED, LCD and the colour television (CTV) range comprising 21UltraSlim models, 21Thunder models, 29 Flat models and 29 slim models, a press release issued here stated.

The connection comes with one month of silver pack subscription absolutely free.

This exclusive offer is valid through the entire festive season starting October 1 till November 10, the release said.

Reliance BIG TV's Senior Vice-President & Chief Marketing Officer, Umesh Rao, said, "we are delighted to partner with Onida Television range for the festival season. This association brings a dramatic scaling of reach and visibility for both the partners."

Mirc Electronics Ltd's Vice-President, Sales, Marketing and Services, K Sriram, said, "the Indian DTH market offers immense potential for the future growth amongst total television homes in India. We are proud to announce our association with Reliance Big TV DTH. On purchase of any ONIDA LED/LCD TVs or selected CTV models, consumers can get a Reliance BIG TV connection absolutely free."
Reliance BIG TV DTH is a wholly-owned subsidiary of Reliance Communications , India's largest integrated telecom service provider.

ROHIT KALIA
PGDM 1ST SEM

Cynthia Says: September 23rd, 2010 at 5:05 pm

First off, I prefer to be paid in chocolate bars – in case anyone is interested in hiring me. . .

Second, I never begrudge anyone a chance to make a buck — except — when it’s fraudulent or even close to it. I don’t mind ads on blogs or even paid reviews, but I do expect bloggers to be honest and not give a rave review to a child’s toy that breaks every safety law on the books or sun tan lotion that turns you green.

I recently saw a post from a mommy blogger where she pulled back a contest for a product that upon regular use gave her child a rash. She was upfront about the fact that she no longer endorsed the product and she removed the giveaway. I’m sure that wasn’t easy for her to put in print, but that’s the way it should be.

I would like to think that not everyone is writing purely for the buck – actually, no one is writing just to make money, it would be like coal mining purely for the fun of it. I think everyone should love (or at least like) their job but writers in particular have to enjoy the craft or it’s not worth doing, even for a $25 Amazon GC.

NIRAJ KUMAR

PGDM 1ST.

Y FRANK REED ON SEPTEMBER 22, 2010 Earned Media or Cash Register Ringing? Social Media Says Cha-ching! 2

Do you think that a bad economy can’t make just about anybody consider anything for a buck? Well, new research shows that the pristine and highly moral world of the bloggers are more for sale than ever before. Of course, I am being just a bit facetious because basically at heart the blogging world is pure and strictly here for the greater good. Rats! There I go again. Maybe there needs to be some research to settle this issue?

Fortunately, eMarketer and IZEA has done that and it appears as if the idea of “earned media” sounds much better as theory rather than reality. Are you really surprised?

NIRAJ KUMAR

PGDM 1ST.