Legendary investor George Soros is set to arrive in New Delhi on Monday for his first-ever visit to India. While the visit was dubbed as being “more on the personal side” by a member of his advance party, he is expected to meet CEOs, senior government officials, and get a sense of the Indian markets during his near week-long visit.
The 76-year-old Mr Soros will make his first public appearance in the capital on Tuesday, at an event being jointly organised by Ficci and the Sriram Centre for Industrial Relations & Human Resources (SRC). Here, he will release his new book titled The Age of Fallibility, which talks about the consequence of war on terror.
Following the book release, Mr Soros is also expected to touch base with some senior Indian policy makers and ministers. According to sources, he will meet top officals from the commerce ministry and unconfirmed reports suggest that a meeting with the PM could also be on the cards.
Mr Soros is also scheduled to meet select CEOs at a meeting in Mumbai on Friday. CEOs of the companies in which his funds have invested such as Fortis Healthcare’s Shivinder Singh, Ansal API’s Sushil Ansal and Unitech’s Sanjay Chandra have been invited for the meeting.
Sources say Mr Soros is considering stepping up his investments in India, with retail and real estate being areas of special interest. He has already invested close to Rs 100 crore for stakes in three prominent real estate players — Ansal Properties & Infrastructure, Unitech and Anant Raj Industries. Mr Soros also has investments in GMR Infrastructure and Fortis Healthcare.
Monday, December 18, 2006
Sunday, December 17, 2006
INFOSYS
INFOSYS imediate target where it faces resistance is 2290-2300 cutting that we will have a new upmove else we can come back to touch the lower expanding trendline.
trade accordingly.
cheers
rish
Saturday, December 16, 2006
Farmers loving it.........
Twenty-five-year-old Mr Rami Reddy, whose joint family owns 20 acres in Lakshmareddy Gudem, a small village in Rangareddy district near Hyderabad, has been growing brinjals in one or two acres for the last eight years. But he never saw a price for his produce that he got this season from Reliance.
Not only that. He could save money, time and effort in taking the produce to the Bowenpally market, 40 km
away. "All we need is to take the produce there. We need not pay any commission not to speak of the hamali charges," he said. "Two months ago, Reliance representatives came to me and told me about their plans to procure quality brinjals for their upcoming outlets in Hyderabad," he told Business Line. Mr Reddy is not alone. "It has become a hot topic for discussion among the villagers. Everybody talks about the attractive rates," he said.
Collection centre
He is not exaggerating. About 200 farmers from villages in the area have started selling their produce at the Collection Centre set up by Reliance at Shankarpally. The centre collects 7-8 tonnes of vegetables a day and send the lot to the central processing centre at Medchal. Vegetables from 2-3 such centres get graded again and processed there before getting into the 17 `Fresh' outlets the company opened in the twin cities.
"We used to sell a 20-kg bendi bag for just Rs 150. But now we are getting Rs 10-11 a kg," Mr Jangaiah of Alamkhangudem said. "It is not just the higher price. We also save on the 10 per cent commission we pay at the market yards," he said.
But they understood quite well that the `maal' should be fresh. "It should be plucked too in a certain way. All my life I grew bendi the way my father did and sold as he did in the market. They (Reliance) do not tak
e the second grade vegetables. But it seems I have to change," said.
Mr Venkatrami Reddy of Chinnareddy Gudem saw another advantage. "They would tell me what quantity of vegetables they need from me. I'll go there and get my consignment graded at their collection centre," he said.
The centre would get the price-band and quantity of vegetables it needed to collect that particular day.
Mr Vithal, Secretary of the Agriculture Market Committee at Shankarpally, felt that the procurement by `Ranger Farms' (through which Reliance procures vegetables) has no impact on the arrivals at the committee.
The committee accepts vegetable consignments two days in a week. "Some days we receive more and some days we see less arrivals. We haven't yet seen any decrease on account of their (Reliance's) entry," he said.
Asked about farmers' claim that they paid 10 per cent as commission, Mr Vithal said the committee charged four per cent. The farmers also needed to pay for weighing and hamalis, he explained.
Not only that. He could save money, time and effort in taking the produce to the Bowenpally market, 40 km
away. "All we need is to take the produce there. We need not pay any commission not to speak of the hamali charges," he said. "Two months ago, Reliance representatives came to me and told me about their plans to procure quality brinjals for their upcoming outlets in Hyderabad," he told Business Line. Mr Reddy is not alone. "It has become a hot topic for discussion among the villagers. Everybody talks about the attractive rates," he said.Collection centre
He is not exaggerating. About 200 farmers from villages in the area have started selling their produce at the Collection Centre set up by Reliance at Shankarpally. The centre collects 7-8 tonnes of vegetables a day and send the lot to the central processing centre at Medchal. Vegetables from 2-3 such centres get graded again and processed there before getting into the 17 `Fresh' outlets the company opened in the twin cities.
"We used to sell a 20-kg bendi bag for just Rs 150. But now we are getting Rs 10-11 a kg," Mr Jangaiah of Alamkhangudem said. "It is not just the higher price. We also save on the 10 per cent commission we pay at the market yards," he said.
But they understood quite well that the `maal' should be fresh. "It should be plucked too in a certain way. All my life I grew bendi the way my father did and sold as he did in the market. They (Reliance) do not tak
e the second grade vegetables. But it seems I have to change," said.Mr Venkatrami Reddy of Chinnareddy Gudem saw another advantage. "They would tell me what quantity of vegetables they need from me. I'll go there and get my consignment graded at their collection centre," he said.
The centre would get the price-band and quantity of vegetables it needed to collect that particular day.
Mr Vithal, Secretary of the Agriculture Market Committee at Shankarpally, felt that the procurement by `Ranger Farms' (through which Reliance procures vegetables) has no impact on the arrivals at the committee.
The committee accepts vegetable consignments two days in a week. "Some days we receive more and some days we see less arrivals. We haven't yet seen any decrease on account of their (Reliance's) entry," he said.
Asked about farmers' claim that they paid 10 per cent as commission, Mr Vithal said the committee charged four per cent. The farmers also needed to pay for weighing and hamalis, he explained.
Friday, December 15, 2006
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