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Wealth Incorporation - A CCIM Finance Club Initiative Presents

"The sunshine of life is made up of very little beams that are bright all thetime. To give up something, when giving up will prevent unhappiness; toyield, when persisting will chafe and fret others; to go a little around, ratherthan come against another; to take an ill look or a cross word quietly, rathethan resent or return it -- these are the ways in which clouds and storms arekept off, and a pleasant and steady sunshine secured." - John Aikin

National Headlines Anil Ambani group co. Reliance Energy(REL) announced that its subsidiary

Reliance Power would soon go public a move that is presumed to help itraise upto $3 billion( about Rs.12,000 crore)

ICICI Bank is leveraging its size and international clout to grab a big chunk of

private equity(PE) investments by launching a fund of funds (FOF)- the firstby any domestic entity.

West Bengal has signed back to back agreements worth Rs. 31,000 crore for

two integrated steel projects with Videocon group and Jai Balaji Industries.This comes on the heels of JSW Steels Rs. 40,000 crore mega project

An auction based method may replace book building with the govt. aiming to

bring in more transparency and efficiency in the pricing of public offers. Itseems Sebi might opt for a method similar to the dutch auction process usedin the Google IPO.

SBI hopes to raise Rs.10,000 crore through the sale of govt. equity this fiscal,

despite a slowdown in credit growth.

Sensex continued to sore high reaching its peak of 18,000 points and aboveInternational Headlines

China raises banking reserve ratio requirement to 13 per cent .

Mobile phone giant Vodafone Group Plc has agreed to buy the Italian andSpanish businesses of Swedish telecoms group Tele2 AB for 775 million euro($1.1 billion)

OPEC oil exports, excluding Angola, will jump 670,000 barrels per day (bpd)

in the four weeks to Oct. 27, marking the biggest rise so far this year aheadof peak winter demand

Iran plans to sell natural gas to Syria from 2009, as the two nations thatoppose the US policy in West Asia forge closer ties.

Kenya has received an international award for reforms that have made iteasier to do business in the country.

The US will ask the World Trade Organization (WTO) to examine restrictionson the sale of US films, music, books, magazines and newspapers in China

15th OCT 2007

Volume 1, Issue 4

..Tracking the Economy

Whenever there is a hard job to be done I assign it to a lazy man; he is sure to find an easy way of doingit. - Walter Chrysler

Inflation 3.26% , IIP 10.7 %

Issue Attractions

NationalHeadlines

1

InternationalHeadlines

1

Article 2

Quiz 2

CHAANAKYACHAANAKYACHAANAKYACHAANAKYA

Did you Know?

There are over 9 million

female-owned businesses

in America, generating

more than $2.3 trillion in

annual revenue.

Did you Know?

A mere 3% annual rise

in prices will double the

cost of everything within

24 years. At that time,

youll need twice as

much money as you do

today to live as well as

you do now

Did you Know?

Baht is the currency of Thailand, and also is aunit of gold measureequal to 15.244 grams.

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Jai Corporation A Mystical Stock???

Quiz

Please mail your valuable feedbacks, reviews at chaanakya.ccim@gmail.com

1. Which bank is promoted by 20th Century Finance Corporation and Keppel Tatlee Bank of Singapore in India

2. He is the pioneer in mutual fund industry and often referred as the Father of Index Fund investing. He crea

the first S&P 500 Index fund. Identify this famous person?3. Which financial services giant is referred as the "Thundering Herd"?

4. What do you call when a firm's actual bank balance is greater than the balance shown in the firm's book?5.Which country's foreign market is known as 'Rembrandt Market'?

(Answers will be published in the next issue)

Answers to the previous issue

1. Mahindra & Mahindra 2. United Commercial Bank (UCO Bank) 3. Indian Telephone Industries (ITI)

4. GV Films 5. ASSOCHAM

What will you do if a person comes to you and tells you that he will make your money grow 57 times in a y

(5700% return)??? Youll surely call him mad; you think that its impossible. However a company named

Corporation has done this in a year. From Rs. 355 on 13 Oct 2006 the price has moved to Rs.20540 (1027*

on Oct. 12 2007. Now how can a share price do that especially one with a circuit breaker of 5%?

Jai Corporation Ltd. was incorporated in 1985 and started its business with manufacturing of steel, plastic a

spinning yarn. However, now its business is well diversified in to new areas of infrastructural development, S

real estate and venture capital. The financials of the company show a growth rate of 59% in its turno

however the net profit of the company has grown more than 9 times over the last one year. The company re

on its traditional businesses for operational stability and smooth cash flows and banks on its infrastruct

business to capture the explosive growth of the economy, which also reflects in its segmental revenues wher

the major portion of its revenue comes from its infrastructural projects. Currently the major projects t

company is handling are development of Mumbai SEZ and Navi-Mumbai SEZ which it is developing

collaboration with Reliance Group. With its current expansion plans in progress it seems that the company

has much greener pastures ahead of it.

This example clearly shows that there are adequate opportunities in the stock market to make big money, a

requires is the right stock selection.

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Contributors

Bhawna Kataruka

Hardit Singh

John Thomas

Mathew A Thomas

Sindhu B Navali