Parsvnath Develpers has listed with good premium of 80% over its offer price of Rs 300 per share. The company plans to come out with 14 SEZs and develops 14 five-star hotels in next 3 to 4 years. Pradeep Jain, Chairman of the company, gives some insight to where the company is headed and informs investors about growth plans and future prospects of the company.

Mammoth plans ahead for Parsvnath Developers
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Source: Moneycontrol.com

Buy Parsvnath Developers with long term perspective
Deven Choksey of KR Choksey Securities recommends this stock with a long term perspective.
Click here for the full article.
Source: Moneycontrol.com

Sobha Developers IPO oversubscribed 114 times 
Click here for the full article.
Source: Moneycontrol.com

Addressing the India Economic Summit, Wipro Chairman, Azim Premji said that in the next few years, Indian IT companies such as Infosys, TCS, Wipro would be at par with some of the leading global companies in terms of market capitalisation.

“Currently, Infosys, TCS and Wipro come in the top 16-17 companies globally in terms of market capitalisation,” he said.

Top Indian IT companies are growing three times faster than their foreign counterparts. It seems that in the next 2-3 years, these companies will be in the league of top 10 companies.

Indian IT trio may join global top 10 m-cap league
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Source: The Economic Times

Wipro to scale up size of acquisitions
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Source: Moneycontrol.com

Indian trio may join 10 most valued IT firms
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Source: Business Standard

Infosys embarks on hiring spree
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Source: Financial Times

TCS targets $4 b revenue by FY07
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Source:Sify Finance

The big three funds in the market are

1. Crayon Capital Art Fund
2. Osian’s Art Fund and
3. Yatra Art Fund.

Crayon Capital is the newest fund, launched on November 15. At present, art funds are not regulated in India and disclosure norms are not mandatory as in the case of mutual funds. Art fund houses follow their own norms for disclosure. Though, it seems very promising for investment in Indian art, investors should be careful and check the credentials of the fund houses promoting this investment.

Learn the art of art investment
“In 2006, the average “lot price” of Indian art soared close to Rs 39 lakh from around Rs 50,000 in 2003—an almost eighty-fold increase in only three years.”
Click here for the full article.
Source: The Economic Times

Funds signal maturing of Indian art investment
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Source: Hindustan Times

Art imitates life – art funds to the fore
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Source: The Financial Express

Companies like ICICI Bank, Bajaj Auto, Larsen & Toubro, IVRCL, HDFC, Aditya Birla Nuvo, Gammon, Mahindra & Mahindra, IDFC are creating significant values in their subsidiaries and/or their investment. Some of these companies have already benefited by bringing their subsidiaries to the market and others may follow soon.

This type of arbitrage is called “relative value” arbitrage. The idea of the relative value arbitrage is to buy an asset when it is convertible into other assets that have more value than it does. Warren Buffett and his mentor Ben Graham both had extensively used relative value arbitrage in their investment decisions.**

** Source: “Trade Like Warren Buffett” by James Altucher

It’s all in the family
ET Investor’s Guide has tired to identify companies that are sitting on potential value that could be unlocked in the near future.
Click here for the full article.
Source: The Economic Times

Top IT companies like TCS, Infosys and Satyam see 3 -5% hike in billing rates. The trend reiterates that the impending US slowdown will not have much effect on Indian IT outsourcing majors.

Nasscom President, Kiran Karnik is confident that India’s IT exports may touch $ 60 billion by 2010 from about $ 23 billion at present and exports would also generate huge employment opportunities for 2.5 lakh IT professionals.

IT czars bullish on billing
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Source: Business Standard

TCS to up billing rates for existing contracts by 3-5%
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Source: The Economic Times

TCS says gets higher rates on new contracts
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Source: The Financial Express

IT exports to touch $ 60 billion by 2010
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Source: The Hindu

Few more articles on Sobha Developers IPO.
Mixed reaction to Sobha Developers
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Source: Moneycontrol.com

Subscribe to Sobha Developers IPO: Edelweiss Capital
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Source: Moneycontrol.com

Cities like Jaipur, Coimbatore, Ahmedabad and Lucknow are likely to attract large investment of global realty and investment firms in realty sector in next few years. Many BPO and technology firms are finding these destinations interesting based on the availability of local talent pool and low cost real estate.

Tier-III cities set for rapid growth
Cost advantage in focus
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Source: Business Standard

Sriperumbudur: India’s next tech hub
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Source: Moneycontrol.com

You may decide to change your job for better prospects. Your new employer may ask or may not ask for your last PF account number. You end up having one more PF account. At some point, you realise that you have multiple PF accounts in your name. You might have closed some and withdrew the balances from some your accounts. Once you understand the power of compound interst, you will realise that you could have accumulated a huge corpus in your PF account by remained invested and contributed in your PF account. Albert Einstein called compound interest “the greatest mathematical discovery of all time” and “the eighth wonder of the world”

It is never late to start investing to derive the benefit of compound interest. PF investment is a good way of accumulating wealth in the long term as it provides highest safety with tax free returns. It is a prudent decision to have one PF account and continue with the same account even if you decide to change jobs in your career. Keep investing in the same and see you corpus grow with the power of compounding.

A principle discovered by Albert Einstein, the Rule of 72 is a very simple way of illustrating the growth potential of compound interest. The rule says simply this:

72 divided by interest rate return = # of years it takes for your money to double.

Is it good to have multiple PF a/cs?
Click here for the full article.
Source: The Economic Times

Investing 101: The Concept Of Compounding
Click here for the full article.
Source: Investopedia, educating over 2 million investors a month

Albert Einstein and the magic of compounding
Click here for the full article.
Source: Moneycontrol.com

Public issue of 88,93,332 equity shares of Rs 10 each through book building process in the price band of Rs 550 – 640 per share

Issue Opens: 23-Nov-06
Issue Closes: 29-Nov-06

According to the land bank valuations conducted by Cushman & Wakefield, the net asset value (NAV) of the land reserves and land arrangements (after deducting the developer’s margin) amounts to Rs 69.38bn, which is Rs 952/share on the fully diluted equity of Rs 729m, post-IPO.  At the upper edge of the band (Rs 640), the NAV represents an upside of 48.7% on listing.

Sobha Developers IPO opens for subscription
Will you subscribe to Sobha Developers IPO at Rs 640?
Click here for the full article.
Source: Moneycontrol.com

For Kotak, it’s heads I win, tails you lose in Sobha deal
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Source: DNA Money

Sobha Developer’s Future Plans
Click here to visit the company’s website.
Source: Sobha Developer’s website

Realty stocks go sky high
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Source: Business Standard

Michael Metz, Chief Investment Strategist at Oppenheimer & Co, in an interview with CNBC-TV18, says that they have cut weightage on India due to the speed in which the market has risen, and has nothing to do with the fundamentals of the market.

Brazil tactically more attractive than India: Oppenheimer
Click here to read the full article
Click here to watch the video of the same interview.
Source: Moneycontrol.com