Business News : 05-08-07

PUNJ LLOYD:

• Order book at almost Rs 16000Cr, executable over 24 Mths
• They bag new order worth Rs. 666 Crores.
• This is just a small indication of infrastructure boom in India! Businessmen should embark on the journey to finance India's infrastructure.
• People should now know that the projects are financed on the future projected cash flows & not securities promoters offer, so transition from old system is the cause for the effect called buoyancy in Infrastructure markets

P & G in skincare business

• US- based FMCG firm Proctor and Gamble (P&G) is going to enter in indian skin care market which is growing at 16% annually and is currently valued at Rs 2100.
• Are they planning to go Kaya Way or Marico Way ???

SBI to increase no of ATMs by about 3.5 times

• India’s largest lender SBI plans to increase ATMs from existing 7200 to 25000.
• Are they trying to reduce repititive small value transactions at branches or they trying to find ways to earn more profit by imposing more charges on clients ?

Government clears 17 FDI proposals

• With this step there would be inflow of 575.83 crores of rupees in Indian economy
• Also It will result into both short term and long term benefit to financial markets …

Apollo expansion

• Apollo hospitals, health care services Bellwether in India - has 710 crore expansion plan to set up hospitals in Mumbai.
• This expansion plan will facilitate health tourism of india. They are banking on high value growth & also want to garner a much sought after resource - the availability of Highly Qualified & Famous doctors in Mumbai. Are we going to see a churn among various rank & file of current hospitals ?