Friday, May 18, 2007

News to Note (NTNSI)

Mint 16 May 2007

M1 Sensex 13929.33 -0.26%

page 9
Tarapore warns of economy overheating.He said: "If we allow a further accleration of growth, a sharp and deep recession is inevitable." He also said "the economy is presently close to the upper turning point of the cycle andit banks are overextended, thye will inevitably face large NPAs." He added "RBI should take mutually reinforcing measures to cool the economy."

Page 14
ICICI bank seeks Sebi approval to sell
rs.17,500 crore of shares. the offer may go up to Rs20,100 crore depending upon demand.

page 15
JP Morgan says investors should buy India's bonds because inflation will slow and rising bank deposits will mean more money will flow into debt securities due to SLR investments.

Mint 17 May 2007

M1
Sensex 14127.31 +1.42%
Nifty 4170.95 +1.23%

Page 5
5-year projection KPMG pegs investment needs of energy sector at $150 billion/Rs615,000 crore by 2012. With target growth rate of over 8% and an estimated energy elasticity of 0.80, the energy requirements of the country are expected to growth at over 6.4% per annum over the medium to long term.

Page 16
Rupee closes at nine-year high - Rs.40.8025

Page 19
Alan Greenspan has signed up Allianz Ag's Pacific Investment Managment Company as his first client.Bond king Bill Gross is with Pacific.

Mint 18 May 2007

Sensex 14299.71 +1.22% +172 points
Nifty 4219.55 +1.17%

Page 1
Bajaj Auto to split into three.

page 3
Tata Steel nets record Q4 profit on higher prices.

Page 14
quantitative research takes stock advice to a new level
MAPE ADMISI Securities, a part of MAPE group is the second brokerage firm t offer stock advice, based on quantitative research. Edelweiss securities is the other Mumbai based firm that has had a quantitative research team in place for last three years.

Mahesh Bhagwat, head of equities at MAPE ADMISI Securities. JV with London arm of a commodity brokerage, Archer Daniel Midland Investor Services Inc.

Sunil Jain, the analyst for alternative and quantitative research at Edelweiss.

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