Medical diagnostics manufacturer, Opto Circuits (India), on Friday said that it has successfully completed the acquisition of US-based healthcare company, Criticare Systems, Inc.
With effect from April 10 Criticare Systems is a wholly-owned subsidiary of Opto Circuits, a press release issued stated.
Commenting on the deal, Opto Circuits' Chairman and Managing Director, Vinod Ramnani, said that "we are pleased to complete the acquisition of Criticare."
The transaction would also open many new markets for Criticare's products, he added.
Criticare Systems designs, manufactures and markets cost-effective patient monitoring systems and non-invasive sensors for a wide range of hospitals and alternate health-care environments globally.
"We are confident that our global infrastructure and marketing presence will enhance Criticare's position as an innovator and supplier of world-class healthcare solutions," Ramnani said.
Friday, 11 April 2008
HOT STOCKS FOR 11 - 04 - 08
STATISTICS :
Markets today will open with a positive movement of 30+ points in Nifty and will trade volatile, Todays news to watch out is inflation so Markets will rebound once inflation comes below 7%, analysts expect to be @ 6.92% so could be positive with volatile session, Nifty has some support @ 4700 and resistance @ 4810 levels. Sensex has some support @ 15558, and resistance @ 15981 level. steel is a sector to watch out for todays session.
INTRADAY :
SAIL : buy for a tgt of 165+, sl @ 157.55
ADLABS : buy for a tgt of 640+, sl @ 617
DELIVERY :
RAJESH EXPORTS : buy for a tgt of 125+ for 2- 3 months : 240 + for 1 year
SAIL : buy for a tgt of 240+ in 2 - 3 months
MTNL : buy for a tgt of 130+ :: 3 months tgt
FUTURES :
SAIL : buy for a tgt of 180+, sl@ 153.2 :: delivery 5- 8 trading sessions
SATYAM : buy for a tgt of 432+, sl @ 419 :: intraday
ZEELTD : buy for a tgt of 247+, sl @ 236 :: intraday
RPL : buy for a tgt of 180+, sl @ 173 :: intraday
RCOM : buy for a tgt of 494+, sl @ 479 :: intraday
Nifty : buy for a tgt of 4910+, sl @ 4672 :: delivery
OPTIONS :
Nifty : buy 4900 call for a tgt of 120+ :: delivery
RCOM : buy call 500 for a tgt of 30+, sl @ 8
SAIL : buy call 170 for a tgt of 15+, sl @ 3
Markets today will open with a positive movement of 30+ points in Nifty and will trade volatile, Todays news to watch out is inflation so Markets will rebound once inflation comes below 7%, analysts expect to be @ 6.92% so could be positive with volatile session, Nifty has some support @ 4700 and resistance @ 4810 levels. Sensex has some support @ 15558, and resistance @ 15981 level. steel is a sector to watch out for todays session.
INTRADAY :
SAIL : buy for a tgt of 165+, sl @ 157.55
ADLABS : buy for a tgt of 640+, sl @ 617
DELIVERY :
RAJESH EXPORTS : buy for a tgt of 125+ for 2- 3 months : 240 + for 1 year
SAIL : buy for a tgt of 240+ in 2 - 3 months
MTNL : buy for a tgt of 130+ :: 3 months tgt
FUTURES :
SAIL : buy for a tgt of 180+, sl@ 153.2 :: delivery 5- 8 trading sessions
SATYAM : buy for a tgt of 432+, sl @ 419 :: intraday
ZEELTD : buy for a tgt of 247+, sl @ 236 :: intraday
RPL : buy for a tgt of 180+, sl @ 173 :: intraday
RCOM : buy for a tgt of 494+, sl @ 479 :: intraday
Nifty : buy for a tgt of 4910+, sl @ 4672 :: delivery
OPTIONS :
Nifty : buy 4900 call for a tgt of 120+ :: delivery
RCOM : buy call 500 for a tgt of 30+, sl @ 8
SAIL : buy call 170 for a tgt of 15+, sl @ 3
Brokerages' Q4 core incomes to see sharp drop
Indian brokerages are likely see their Jan-March earnings nearly halved from the previous quarter, mirroring the sharp fall in trading volumes in the equity market, officials said.
The average daily derivatives turnover on National Stock Exchange (NSE) dipped to Rs 45600 crore in March from Rs 67000 crore in December, according to the NSE website.
The average turnover in the cash segment of NSE fell to Rs 14000 crore at the end of March from Rs 19300 crore.
"It (the impact) would be in line with the market volume, so the market volume has come down by 50 percent, the broking volume will come down by 50 percent," said Rashesh Shah, chairman of Edelweiss Capital.
There will be decline in the earnings on a quarter-on-quarter basis, but on a year-on-year basis the earnings will be very high and could be five times higher than last year, said Motilal Oswal, chairman of Motilal Oswal Financial Services.
The benchmark 30-share BSE index has shed more than 22 percent during the first three months of 2008.
Spreading to contain
"We don’t use these huge rises in the market as the basis for making a future projection," Amit Majumdar, executive director, Angel Broking, said when asked about his expansion plans.
Angel Broking's average daily trading volume has come down to about Rs 2000 crore against Rs 3500-4000 crore earlier, he said.
However, the revenue impact would not be so high as many clients have switched to delivery-based trading, he added.
"The market has moved from unsafe hands to safer hands, which means it has moved from F&O (futures & options) based business to delivery based business."
"So, though its a Rs 2000 crore business, the brokerage rate is higher as delivery charges are higher, so you tend to break even," Majumdar said.
Indian brokerages have been rapidly expanding their services and reach to tap the huge potential in smaller towns and cities.
India has 193 broking firms with terminals in more than 100 cities and 25 of them have more than 1,000 terminals each, advisory firm Dun & Bradstreet said in a report.
They are also diversifying their income stream by distributing third-party financial products like mutual funds, insurance products and earnings fees from them.
Lehman's Nalin Nayyar joins Citi
Even as global banks Citi and Lehman plan job cuts internationally, they continue to hire in the country. Globally, most investment banks have frozen recruitment; some have even started retrenching people. But in spite of the problems it faces globally, Citi made a senior-level hire in the investment banking space on Wednesday snapping up Nalin Nayyar, MD-investment banking from Lehman Brothers India. Mr Nayyar’s move comes even as Lehman Brothers is looking at making senior hires in India.
This is also the first senior-level movement in the industry in recent months. The move has caught the industry by surprise as most banks have put a freeze on recruitment. Citi has lost a few senior officials. These include Anil Gudibande who has left the firm to join AIG private equity, Ashish Pitale, director, Citigroup Global Markets is joining Deutsche Bank.
It also lost Ratnesh Kumar, MD and head of research and Rajesh Mayani, director, institutional equity sales to Anand Rathi. Mr Nayyar had joined the Indian franchise of Lehman from its London office. He was earlier in Citi.
For Lehman, this was the second senior official which had quit the firm in recent months after Jayanta Banerjee who had joined the firm from ICICI Ventures as head of private equity moved back to ICICI Ventures. The firm is also said to be looking at retrenching 5-10% of its global workforce. Although there have been rumours that Lehman may retrench people in India its officials have vehemently refuted such rumours.
“We are adding people in all areas. We are looking to strengthen investment banking, real estate and equities and fixed income. India has been an outperforming business. Its a young business. The firm has been focused on building the Asian franchise and in particular India.” said Tarun Jotwani, chairman and CEO, Lehman Brothers India.
The firm now has 172 people on board now as against 146 last year. Incidentally among the newer firms which had started operations in India, Lehman is the only firm who have lost senior officials. Adds Mr Jotwani,“The Indian business has performed way beyond our expectation in revenue terms.
Last year we achieved our budget which we were supposed to achieve in year four or five. We performed five times our budget. Four months into this year, we have exceeded our yearly budget. We had monetised some of our private investments last year. We did a few in December and January and are in the process of monetising a few more over the next few months.”
With the markets in a turmoil both financing and IPO activities have been low for the past couple of months which have affected a lot of firms. “There is very little financing activity but we do have an advisory pipeline. With the revaluation of the markets we are seeing an opportunity in private equity, infrastsructure financing and real estate,” he added.
In equity brokerage, in the secondary market, with the acquisition of Brics we have been increasing our volumes and market share even in an environment where overall market activity is lower,” he added. Lehman’s balance sheet size in India is more than $2 billion.
This is also the first senior-level movement in the industry in recent months. The move has caught the industry by surprise as most banks have put a freeze on recruitment. Citi has lost a few senior officials. These include Anil Gudibande who has left the firm to join AIG private equity, Ashish Pitale, director, Citigroup Global Markets is joining Deutsche Bank.
It also lost Ratnesh Kumar, MD and head of research and Rajesh Mayani, director, institutional equity sales to Anand Rathi. Mr Nayyar had joined the Indian franchise of Lehman from its London office. He was earlier in Citi.
For Lehman, this was the second senior official which had quit the firm in recent months after Jayanta Banerjee who had joined the firm from ICICI Ventures as head of private equity moved back to ICICI Ventures. The firm is also said to be looking at retrenching 5-10% of its global workforce. Although there have been rumours that Lehman may retrench people in India its officials have vehemently refuted such rumours.
“We are adding people in all areas. We are looking to strengthen investment banking, real estate and equities and fixed income. India has been an outperforming business. Its a young business. The firm has been focused on building the Asian franchise and in particular India.” said Tarun Jotwani, chairman and CEO, Lehman Brothers India.
The firm now has 172 people on board now as against 146 last year. Incidentally among the newer firms which had started operations in India, Lehman is the only firm who have lost senior officials. Adds Mr Jotwani,“The Indian business has performed way beyond our expectation in revenue terms.
Last year we achieved our budget which we were supposed to achieve in year four or five. We performed five times our budget. Four months into this year, we have exceeded our yearly budget. We had monetised some of our private investments last year. We did a few in December and January and are in the process of monetising a few more over the next few months.”
With the markets in a turmoil both financing and IPO activities have been low for the past couple of months which have affected a lot of firms. “There is very little financing activity but we do have an advisory pipeline. With the revaluation of the markets we are seeing an opportunity in private equity, infrastsructure financing and real estate,” he added.
In equity brokerage, in the secondary market, with the acquisition of Brics we have been increasing our volumes and market share even in an environment where overall market activity is lower,” he added. Lehman’s balance sheet size in India is more than $2 billion.
Thursday, 10 April 2008
India ranks 44th in most-preferred retail locations list
India, which boasts of a growing retail market, ranks 44th in the list of most preferred retail destination in the world due to factors like FDI restrictions and lower average per-capita income, a report has said.
According to the report 'How Global is the Business of Retail', which maps the global footprint of 250 of the world's top retailers, India is at number 44 in the list of preferred destinations in relation to market, regional trends and other influences.
"Even though the Indian economy is growing at a rapid pace with consumers having more buying power, we are still only at the 44th position on this list. This is primarily due to FDI restrictions in retail and also relatively lower average per-capita income in the country," CB Richard Ellis South Asia Chairman & MD Anshuman Magazine said in a statement.
He hoped that India would move up in the rankings if FDI norms are relaxed and economic growth continues.
Out of the BRIC (Brazil, Russia, India and China) countries, China and Russia are in the top 10 of the rankings. Brazil is also lower in the order.
The report ranks the UK as the current global leader in relation to the presence of international retailers. The UK hosts 55 retailers that were surveyed.
Spain's position as the second-ranked market, closely trailing the UK, gives perspective to the market's new global significance. It houses 51 per cent of retailers surveyed.
Spain's growing ability to attract global retailers to its shores is fuelling its rise as a global retail destination and threatening the UK's title as the 'most international retail market' in the world, according to the report.
The top 10 also included France, Germany and UAE.
The US occupied the 11th position, with 39 per cent of international retailers present in that market. CBRE attributes this to the maturity, size and strength of its domestic retailers, which make it a market that only the strongest foreign retailers are able to break into.
The report also found that luxury goods dominated international retail scene, with almost 90 per cent respondents in the segment having a presence in more than 10 markets. This was markedly more than grocery, food and drinks, with just 60 per cent present in 10 or more markets.
In clothing, footwear and accessories segments, 54 per cent retailers had operations in more than 10 markets.
However, as the report illustrated, many luxury retailers are well-known particularly for their clothing range, such as Hugo Boss or Versace, reflecting the historical tendency for high fashion brands to be offered internationally.
Least likely to 'travel' were the department stores, with only 5 per cent being represented in 10 or more markets.
According to the report 'How Global is the Business of Retail', which maps the global footprint of 250 of the world's top retailers, India is at number 44 in the list of preferred destinations in relation to market, regional trends and other influences.
"Even though the Indian economy is growing at a rapid pace with consumers having more buying power, we are still only at the 44th position on this list. This is primarily due to FDI restrictions in retail and also relatively lower average per-capita income in the country," CB Richard Ellis South Asia Chairman & MD Anshuman Magazine said in a statement.
He hoped that India would move up in the rankings if FDI norms are relaxed and economic growth continues.
Out of the BRIC (Brazil, Russia, India and China) countries, China and Russia are in the top 10 of the rankings. Brazil is also lower in the order.
The report ranks the UK as the current global leader in relation to the presence of international retailers. The UK hosts 55 retailers that were surveyed.
Spain's position as the second-ranked market, closely trailing the UK, gives perspective to the market's new global significance. It houses 51 per cent of retailers surveyed.
Spain's growing ability to attract global retailers to its shores is fuelling its rise as a global retail destination and threatening the UK's title as the 'most international retail market' in the world, according to the report.
The top 10 also included France, Germany and UAE.
The US occupied the 11th position, with 39 per cent of international retailers present in that market. CBRE attributes this to the maturity, size and strength of its domestic retailers, which make it a market that only the strongest foreign retailers are able to break into.
The report also found that luxury goods dominated international retail scene, with almost 90 per cent respondents in the segment having a presence in more than 10 markets. This was markedly more than grocery, food and drinks, with just 60 per cent present in 10 or more markets.
In clothing, footwear and accessories segments, 54 per cent retailers had operations in more than 10 markets.
However, as the report illustrated, many luxury retailers are well-known particularly for their clothing range, such as Hugo Boss or Versace, reflecting the historical tendency for high fashion brands to be offered internationally.
Least likely to 'travel' were the department stores, with only 5 per cent being represented in 10 or more markets.
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