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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (5086)	7/12/1999 6:29:00 AM
From: Mohan Marette	Respond to of 12475

Allied Boston looking at investments of $1 bn in Indian companies Source : ET Jul 12, 1999, 8:06:21 AM Allied Boston International Inc,the United States based investment major is looking at investments up to $ 1 billion in Indian companies in the form of loans and equity during the current fiscal. The fund has entered into a memorandum of understanding (MoU) with Fedex Securities, a Mumbai-based financial services company engagedin non-fund based activities to identify avenues for the US-based fund to invest in. Allied Boston is the American arm of the Geneva-based Allied group. The Allied group has operations in seven countries including the US and has so far disbursed funds of over $ 72 billion across the globe. Of the total funding made by Allied Boston to Indian companies, 75 per cent would be in the form of loans while the balance 25 per cent would be in the form of equity. Fedex Securities' managing director, K Madhavan said that Allied Boston, through its Indian partner, is already at an advanced stage of negotiations with six leading business houses in India for funding arrangements. The fund will however offer financing only to clients looking for amounts of $ 5 million or more. Allied Boston, through one of its group companies, ABE Technolocies, also plans to take an entry into the information technology sector in India. Allied Boston will also extend funding to ISPs established through ABE Technologies in India. Also, a unique financing facility by ABE Technologies allows small and mid-sized businesses to realise their on-line goals. The company assists clients in obtaining the necessary capital to develop, launch and maintain an Internet system.

To: Mohan Marette who wrote (5086)	7/12/1999 6:50:00 AM
From: Mohan Marette	Respond to of 12475

Analyst Recommendations. Bayer India Ltd Named 'Buy' at Motilal Oswal Bloomberg News July 12, 1999, 3:16 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Bayer (india) Limited (BYR IN) was named ''buy'' by analyst Chhavi Wadhwani at Motilal Oswal Securities Ltd. ======================= Larsen & Toubro Named 'Add' at Motilal Oswal larsentoubro.com Bloomberg News July 12, 1999, 3:13 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Larsen & Toubro Limited (LT IN) was named ''add'' by analyst Mahesh Patil at Motilal Oswal Securities Ltd. ====================== Wipro Ltd. Named 'Sell' at Jardine Fleming wipro.com Bloomberg News July 12, 1999, 2:05 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Wipro Limited (WPRO IN) was named ''sell'' by analyst Vijay Baoney at Jardine Fleming Intl. Securities ====================== TELCO Maintained 'Buy' at Jardine Fleming telcoindia.com Bloomberg News July 12, 1999, 2:03 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Tata Engineering & Locomot (TELCO IN) was maintained ''buy'' by analyst Anish Damania at Jardine Fleming Intl.Securities. ========================= HDFC Maintained 'Buy' at Jardine Fleming hdfcindia.com Bloomberg News July 12, 1999, 2:01 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Housing Development Finance (HDFC IN) was maintained ''buy'' by analyst Tabassum Inamdar at Jardine Fleming Intl. Securities. ======================== Sterlite Industries Raised to 'Buy' at Jardine Fleming Bloomberg News July 12, 1999, 2:00 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Sterlite Industries (india) (STLT IN) was raised to ''buy'' from ''hold'' by analyst Pradeep Mahtani at Jardine Fleming Intl. Securities. ======================= Infosys Technologies Maintained 'Buy' at ASK-Raymond James inf.com Bloomberg News July 12, 1999, 12:28 a.m. PT Boston, July 12 (Bloomberg Data) -- Infosys Technologies Ltd (INFO IN) was maintained ''buy'' by analyst Hitesh Zaveri at ASK-Raymond James Financial Services India. ==================== Smithkline Pharma Maintained 'Sell' at ASK-Raymond James Bloomberg News July 12, 1999, 12:27 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Smithkline Beecham Pharmaceu (ESKF IN) was maintained ''sell'' by analyst Ashit Kothari at ASK-Raymond James Financial Services India. ================== Corporation Bank Maintained 'Buy' at ASK-Raymond James corpbank.com Bloomberg News July 12, 1999, 12:25 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Corporation Bank (CRPBK IN) was maintained ''buy'' by analyst Hemindra Hazari at ASK-Raymond James Financial Services India. ================= Gujarat Ambuja Cements Named 'Buy' at Motilal Oswal Bloomberg News July 12, 1999, 3:25 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Gujarat Ambuja Cements Ltd (GAMB IN) was named ''buy'' by analyst R. Srinivasan at Motilal Oswal Securities Ltd. ============== Madras Cements Named 'Buy' at Motilal Oswal Bloomberg News July 12, 1999, 3:26 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Madras Cements Limited (MC IN) was named ''buy'' by analyst R. Srinivasan at Motilal Oswal Securities Ltd =============== Associated Cement Cos Named 'Add' at Motilal Oswal Bloomberg News July 12, 1999, 3:21 a.m. PT Mumbai, July 12 (Bloomberg Data) -- Associated Cement Cos Ltd (ACC IN) was named ''add'' by analyst R. Srinivasan at Motilal Oswal Securities Ltd. ==============

To: Mohan Marette who wrote (5086)	7/12/1999 7:10:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Infotech Enterprises Ltd to acquire DataView (UK) & Cartographic Sciences (USA) Infotech Enterprises Homepage. infotech.stph.net Infotech EquityWatch. walletwatch.com Bloomberg News July 12, 1999, 1:34 a.m. PT India's Infotech 1st-Qtr Profit Surges 150% on Higher Demand Mumbai, July 12 (Bloomberg) -- Infotech Enterprises Ltd., which makes software for computer-aided designers, said its first- quarter profit rose 150 percent on higher demand for its Internet software businesses. The company, which decided to acquire UK-based Dataview Solutions Ltd., said profit rose to 23 million rupees ($0.53 million) from 9.2 million rupees a year ago. Sales for the first quarter rose 173 percent to 83.6 million rupees from 30.6 million rupees. The results are better than expected, three analysts said. ''We have done well in our traditional CAD and digital mapping business; besides that other (profit) drivers were technical software, business software, Internet and engineering software consultation,'' said BVR Mohan Reddy, chairman and managing director. Reddy said the company will complete the acquisition of Dataview, which specializes in digital-mapping solutions, by July 31. It will also acquire Cartographics Sciences Pvt., a U.S.- based geographical mapping company, by September 15, he said. The acquisitions will help the company boost sales by 320 million rupees in the full year to March 31. Reddy expects full- year sales to rise more than three-fold to 720 million rupees from 218 million rupees in the previous year ended March 31.