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SME Exchange
NSE and BSE markets have grown beyond the reach of SMEs. SEBI is initiating steps to set up a market place for Small and Medium Enterprises (SMEs). This exchange would help smaller companies to raise capital for their growth. Investors could confidently invest in these companies since there is going to be a market for trading in these stocks. Importantly, this would encourage VCs to boldly invest in worthwhile SMEs, as they know the listing of their investee companies could happen more easily than has been the case so far and they have a good exit route. But it would be a while before SME Exchange takes shape.
23 April 2008
Midcap Stocks on a roll
Sensex at 16784 as on 22 April 2008 has shown a rise of 3.1% over the week and 11.7% over the month. Midcap at 7038 as on 22 April 2008 has shown a rise of 6% over the week and 19% over the month.
Source BSE, 23 April 2008
Azim Premji To Launch $1 Billion Private Equity Fund
According to a report in The Economic Times, Premji is launching a private equity fund with a corpus of US$ 1 billion (Rs 4000 Cr). The fund will be sector agnostic. This will be first one such fund floated by an industrialist, although companies like the Tatas (Tata Capital), Reliance ADAG (Reliance Capital and Reliance Technology Ventures Pvt Ltd), Aditya Birla Group and Delhi-based Sun Group have launched private equity operations.
21 April 2008
Inflation to play havoc
Inflation hovering above 7% for over 6 weeks now is expected to take a toll on the economic growth and push more people into poverty line. This has assumed global proportions and if any one single factor which can derail well laid plans of Governments, Corporations and Investors, it is inflation. There appears to be a shortage and hence a scramble in food, oil, metal and bullion. It is a combination of expectations and real demand supply issues.
18 April 2008
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