ET, 27-6-2007, page 20
Bear Stearns, seventh-largest securities firm in the world is exploring the possibility of setting up operations in India. It has assets worth $335 billion and employs about 15,000 people worldwide. It has 8 offices in US and one in London.
Tuesday, June 26, 2007
Big retail brokers in India
The ET, 27-6-2007, Page 20
By terminals Angel and by number of sub-brokers Karvy Stock broking
Broker -------------------------- Terminals
Angel -------------------------- 5081
Motilal Oswal ------------------- 4179
SMC Global --------------------- 3231
Indiabulls Sec------------------- 2700
Geojit PMS ---------------------- 2410
Bonanza Portfolio---------------- 2177
ICICI Sec ---------------------- 1051
Anagram Sec---------------------- 999
India Infoline------------------- 970
Khandwala Integrated------------ 762
Broker--------------------------- subbrokers
Karvy Stock Broking-------------- 15000
Angel Brojking------------------- 2408
Peerless Securities-------------- 1000
anagram Securities--------------- 964
SMC global Securities------------ 800
UAE Exchange and Fin ------------ 700
Motiala Oswal Sec---------------- 638
ICICI Securities ---------------- 587
Bonanza Portfolio---------------- 536
Asit C Mehta Invest-------------- 320
The study was done by Dun and Bradstreet
By terminals Angel and by number of sub-brokers Karvy Stock broking
Broker -------------------------- Terminals
Angel -------------------------- 5081
Motilal Oswal ------------------- 4179
SMC Global --------------------- 3231
Indiabulls Sec------------------- 2700
Geojit PMS ---------------------- 2410
Bonanza Portfolio---------------- 2177
ICICI Sec ---------------------- 1051
Anagram Sec---------------------- 999
India Infoline------------------- 970
Khandwala Integrated------------ 762
Broker--------------------------- subbrokers
Karvy Stock Broking-------------- 15000
Angel Brojking------------------- 2408
Peerless Securities-------------- 1000
anagram Securities--------------- 964
SMC global Securities------------ 800
UAE Exchange and Fin ------------ 700
Motiala Oswal Sec---------------- 638
ICICI Securities ---------------- 587
Bonanza Portfolio---------------- 536
Asit C Mehta Invest-------------- 320
The study was done by Dun and Bradstreet
Co-operative Advertising - Two brands in the same ad
Brand Equity ,The ET, 27-6-2007, Page 4
Double Impact
It's all about optimizing spends, as co-bradning can offest costs or boost the media budget. - Mahesh Chauhan, President, Rediffusion DYR
It makes sense for brands to join hands and make ads when you're in non-conflicting businesses - Rahul Agarwal, Vp - marketing, Lenovo India.
Double Impact
It's all about optimizing spends, as co-bradning can offest costs or boost the media budget. - Mahesh Chauhan, President, Rediffusion DYR
It makes sense for brands to join hands and make ads when you're in non-conflicting businesses - Rahul Agarwal, Vp - marketing, Lenovo India.
Thursday, June 14, 2007
Disinterested sales person
Knowledge@Wharton feature - published in EI Brand Equity 23 May 2007 Page 1
Disinterested, ill prepared and unwelcoming salespeople lead to more lost business and bad-world-of-mouth than any other management challenge in retailing.
Motivating sales people to receive the customer with an interested and smiling face is a challenge.
Disinterested, ill prepared and unwelcoming salespeople lead to more lost business and bad-world-of-mouth than any other management challenge in retailing.
Motivating sales people to receive the customer with an interested and smiling face is a challenge.
Wednesday, June 13, 2007
FATHERS DAY
WHEN IS FATHERS DAY
In 2007 Fathers Day date is 17th June and don't forget to make this day special for you dad.
FATHERS DAY HISTORY
The history of Father's Day goes like, in 1909, Spokane, Washington, Sonora Smart Dodd was listening to a Mother's Day sermon. The lecture inspired her to have a special day dedicated to her father, William Jackson Smart, who had brought her up and her siblings single-handedly after their mother died. She could realize the greatness of her father and wanted to let him know how deeply she was touched by his sacrifices, courage, selflessness and love. She held the first Father's Day celebration on 19th of June 1910, on the birthday of her father. The idea soon caught on and in 1924, President Calvin Coolidge supported the idea of a national Father's Day on the petition sent to him by Dodd on the acceptance of fatherhood. In 1926, a National Father's Day Committee was formed in New York City.
However, it was thirty years later that a Joint Resolution of Congress gave recognition to Father's Day. Another 16 years passed before President Richard Nixon established the third Sunday of June as a permanent national observance day of Father's Day in 1972 in the honor of all good fathers that contribute as much to the family as a mother, in their own ways. Even before Dodd came into the picture, Dr. Robert Webb of West Virginia is believed to have conducted the first Father's Day service in 1908 at the Central Church of Fairmont. However, it was the colossal efforts of Dodd, the devoted daughter of the Civil War veteran who refused to remarry for the sake of his six children and took upon himself all the duties, love and care of a mother, that eventually led it to a national observance.
From a mail sent by Mr. Motilal Oswal, Chairman and M.D., Motilal Oswal Securities Limited.
In 2007 Fathers Day date is 17th June and don't forget to make this day special for you dad.
FATHERS DAY HISTORY
The history of Father's Day goes like, in 1909, Spokane, Washington, Sonora Smart Dodd was listening to a Mother's Day sermon. The lecture inspired her to have a special day dedicated to her father, William Jackson Smart, who had brought her up and her siblings single-handedly after their mother died. She could realize the greatness of her father and wanted to let him know how deeply she was touched by his sacrifices, courage, selflessness and love. She held the first Father's Day celebration on 19th of June 1910, on the birthday of her father. The idea soon caught on and in 1924, President Calvin Coolidge supported the idea of a national Father's Day on the petition sent to him by Dodd on the acceptance of fatherhood. In 1926, a National Father's Day Committee was formed in New York City.
However, it was thirty years later that a Joint Resolution of Congress gave recognition to Father's Day. Another 16 years passed before President Richard Nixon established the third Sunday of June as a permanent national observance day of Father's Day in 1972 in the honor of all good fathers that contribute as much to the family as a mother, in their own ways. Even before Dodd came into the picture, Dr. Robert Webb of West Virginia is believed to have conducted the first Father's Day service in 1908 at the Central Church of Fairmont. However, it was the colossal efforts of Dodd, the devoted daughter of the Civil War veteran who refused to remarry for the sake of his six children and took upon himself all the duties, love and care of a mother, that eventually led it to a national observance.
From a mail sent by Mr. Motilal Oswal, Chairman and M.D., Motilal Oswal Securities Limited.
Wednesday, June 6, 2007
Prudential Financial shuts down Prudential Equity Group
http://www.suntimes.com/business/415988,peg060607.article
The Newark, N.J.-based company did not say why it is closing the unit, which last year turned a profit of $34 million before taxes.
Prudential Equity Group trades stocks for institutional investor clients like pensions and mutual funds. The business distributes research reports about stocks, politics, the economy and investment strategies to these clients to help them decide how to invest their money.
Last year, the division reported revenue of $260 million, a small fraction of the company's $32.49 billion in revenue.
Prudential expects shutting the business down will cost $110 million, with severance pay for workers costing about $75 million. These costs will be recorded this quarter, Prudential said.
Last year, Prudential Equity Group agreed to pay $600 million in fines and reimbursements following a Securities and Exchange Commission investigation that concluded Prudential brokers defrauded at least 50 mutual funds between 1999 and 2003. (notice the importance of compliane function)
The Newark, N.J.-based company did not say why it is closing the unit, which last year turned a profit of $34 million before taxes.
Prudential Equity Group trades stocks for institutional investor clients like pensions and mutual funds. The business distributes research reports about stocks, politics, the economy and investment strategies to these clients to help them decide how to invest their money.
Last year, the division reported revenue of $260 million, a small fraction of the company's $32.49 billion in revenue.
Prudential expects shutting the business down will cost $110 million, with severance pay for workers costing about $75 million. These costs will be recorded this quarter, Prudential said.
Last year, Prudential Equity Group agreed to pay $600 million in fines and reimbursements following a Securities and Exchange Commission investigation that concluded Prudential brokers defrauded at least 50 mutual funds between 1999 and 2003. (notice the importance of compliane function)
NTN - News to Note 7-6-2007
Economic Times, 7-6-2007 page 10
Prudential closes institutional brokerage
Us insurance company Prudential Finance said that it will shut down its institutional stock research and trading business, Prudential Equity Group. ending a rocky 26-year stay on Wall Street. Nine offices in US as well as in London, Zurich, Paris and Tokyo will be closed. 400 employees will be terminated as operations are wound down during the quarter ending June 30.
Prudential's strategy is to be in businesses where we have significant scale, said Prudential spokeswoman Theresa Miller.
"The resaerch and trading markets are really competitive, really challenging, and are not an area where we've been able to achieve that scale or success for our clients, for our shareholders and certainly our employees."
The move furthers Prudential's widrawal from the securities industry, where shrinking commissions and regulatory changes have weeded out dozens of traditional brokers. Reforms in 2002 pushed through by then Newyork attorney General Eliot Spitzer make it more difficult for Wall Street firms to cover research costs. Stock trading for big institutions is also under pressure, thanks to thinning fees and competition from electronic systems and from the biggest Wall street houses.
Prudential closes institutional brokerage
Us insurance company Prudential Finance said that it will shut down its institutional stock research and trading business, Prudential Equity Group. ending a rocky 26-year stay on Wall Street. Nine offices in US as well as in London, Zurich, Paris and Tokyo will be closed. 400 employees will be terminated as operations are wound down during the quarter ending June 30.
Prudential's strategy is to be in businesses where we have significant scale, said Prudential spokeswoman Theresa Miller.
"The resaerch and trading markets are really competitive, really challenging, and are not an area where we've been able to achieve that scale or success for our clients, for our shareholders and certainly our employees."
The move furthers Prudential's widrawal from the securities industry, where shrinking commissions and regulatory changes have weeded out dozens of traditional brokers. Reforms in 2002 pushed through by then Newyork attorney General Eliot Spitzer make it more difficult for Wall Street firms to cover research costs. Stock trading for big institutions is also under pressure, thanks to thinning fees and competition from electronic systems and from the biggest Wall street houses.
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