Suven Life Sciences - Patent Granted

Suven Life Sciences Ltd on December 27, 2007 has announced that the US Patent office has granted Product Patent # US 7,297,711 to Suven. This is Suven's first product patent granted in USA. The granted claims of the patent include the class of selective Serotonin receptor affinity compounds discovered by Suven and are being developed as therapeutic agents. According to the invention '711 patent disclosure, the compounds are useful in the treatment of neuro-degenarative disorders like Alzheimer's Parkinson, Schizophrenia and Huntington's.

Suven has so far filed 29 product patent applications through PCT covering more than 145 countries, out of which 5 patents are granted in various countries. There are several other patent applications from Suven Discovery Research are in the pipeline that have completed the administrative and technical diligence from the patent offices from major countries and would be granted shortly.

Suven has filed its first Investigational New Drug (IND) application with DCGI to conduct the clinical Phase-I study on their developmental candidate SUVN-502 and several candidates are in discovery pipeline undergoing GLP pre-clinical studies.

"We are very pleased by the issuance of this patent to Suven by US Patent office for our drug candidates that are being developed for CNS disorders which targets a $18 billion potential market opportunity" says Venkat Jasti, CEO of Suven.

New Stock Ideas - Strong Buy

Buy following stocks for decent gains. Although, I don't think that they can be multibaggers but I recommend Strong Buy.

1. PNB Gilts
2. Greaves Cotton
3. Novartis
4. Ankur Drugs
5. Asian Granito

Jagran & Network18 Comes Together

Jagran & TV18 To Launch Hindi Business Daily

Jagran Prakashan Ltd has informed BSE that Netwotk18, India's leading media conglomerate and the Company, one of India's most acclaimed print majors & publisher of India's largest read daily 'Dainik Jagran' have announced a 50:50 joint venture initiative in the business print space. The primary mandate of this JV will be to launch a Hindi business daily for the Indian market in 2008. Subsequently, this will be followed by other Indian language dailies focused on financial and economic news.

This JV will in effect create a new category of local language business dailies within the India print space, as this will be the first Hindi business paper to hit the market nationally. This venture also marks an expansion of print offerings from Network 18 into the dailies space, post the recent announcement of its magazine publishing arrangement with Forbes media and ownership control of Infomedia, India’s leading publishers in the B2B media space. This venture is also a reiteration of the Company's intent and commitment to provide its readers news and information in all genres.

The venture has been positioned to benefit from the respective competencies of TV 18 & the Company. Television Eighteen (TV18) is a recognized leader in the business media space, with a roster of brands across television, online and information terminal platforms such as CNBC-TV 18 & CNBC AWAAZ which are India's leading business channels, Moneycontrol.com which is India's No 1 financial news & information portal and Newswirel8, India's leading real time news & data platform. The Company publishes "Dainik Jagran", India’s largest read daily besides recently launched youth oriented compacts "I-Next" and "City Plus". TV 18 shall bring forth its expertise in business content to the JV, while the Company shall bring forth its print competencies including operational expertise, print and related infrastructure and distribution to the venture. Both TV18 & the Company have agreed to co-promote the offerings under the venture and exploit cross platform synergy opportunities present from both sides. It is noteworthy that 3 years ago, TV18 had launched CNBC AWAAZ, a consumer focused business channel, to cater to the needs of the Hindi business viewer. It soon emerged as a Leader in the Hindi business news segment & a major contributor to the expansion of business audiences in the country.

Mahendra Mohan Gupta, CMD, of the Company said "Our leadership in the Indian print space will further be strengthened with the launch of business dailies. This venture is based on a commonness of vision we share with TVI8 on a strong need for a high quality business print offering in Hindi and other languages. Our experience in the language media space has revealed a growing interest in specialized business news & information, which, this vehicle will enable us to cater. I am confident that we will live upto the expectations of our readers as hitherto and expand the financial market, in the geographies that are going to play a crucial role in the economic growth of the country in times to come".

Commenting on this announcement, Raghav Bahl, MD, Network18 added "The fact that "Bharat" is rapidly emerging as the key driver of the Indian economic opportunity is fairly evident. In recent years, business audiences have grown immensely in the Hindi heartland and regional markets, reflecting a democratization of enterprise & wealth creation across the nation. The leadership of CNBC AWAAZ is a strong affirmation of this new reality as well as indicative of a great need for language products across the business media spectrum. We are delighted to partner Jagran Prakashan as it will allow us to fulfill this need powerfully in the print space, by combining TV18’s strengths in business content with Jagran's intimate understanding of print markets"

The JV will be governed by a board, comprising of representatives from TV18 & the Company, which will oversee management plans and execution. The operational specifics in terms of brand name for the business daily, selection of the editorial and business team and so on is in the process of being formalized. The JV will be funded through an initial equity infusion from both sides followed by internal accruals & debt financing in the later stage.

Gitanjali Gems - Ties Up With Italian Company

Gitanjali Gems - MoU With Mariella Bitrani Fashion Group, Italy

Gitanjali Gems Ltd has informed BSE that the Gitanjali Lifestyle Ltd (GLL), a wholly subsidiary of the Company is signing a Memorandum of understanding (MoU) with Mariella Burani Fashion Group (MBFG) of Italy to form a Joint Venture in India by way of incorporation of a new Company. The proposed new Company will be jointly controlled by GLL and MBFG.

The Objective of the proposed joint venture is to significantly drive growth of MBFG's brands in emerging markets, particularly the Mariella Burani, Baldinini, Rosato, Calgaro and Facco collection in the Far East by capitalising on the expertise contributed by the respective partners. GLL will develop an extensive distribution network which is expected to include 32 monobrand and boutiques and 132 shop in exclusive multi-brands retailers. The Company will provide production, marketing, logistics and distribution expertise based on its extensive know-how of the Indian Market and its existing retail network. MBFG will contribute its consolidated experience in the design, development and international distribution of Italian lifestyle appered, leather goods and Jewellery collections.

MBFG designs, produces and distributes world wide a diversified and complementary range of Luxury apparel, footwear, leather accessory and jewellery collections under its own brands and under license for prestigious international designers. MBFG founded in 1960 by Walter Burani, Chairman & CEO of the Group and listed in the STAR segment of the Italian stock exchange since July 2000, is today international recognized public Company with an established position in the accessible luxury goods market. MBFG manager to provide top quality luxury goods at accessible prices by capitalising on the strength and flexibility provided by Italy's industrial districts, world renown for their excellence in the development of luxury products.

Source : Bombay Stock Exchange

Ramco Systems - Gaining Ground

Ramco Systems - To Expand Aggressively Into The Retail Segment

Ramco Systems Ltd has announced that the Company has strengthened its position in retail segment by providing comprehensive applications and IT solutions with key orders from leading US based handcrafted Chocolatier Bissinger's, Subhiksha - India's largest supermarket pharmacy & telecom chain & Dutyfree Distribution Services Pvt Ltd - the supply chain Company based at SEZ Cochin.

Commenting on the success, Mr. Chetan Pathak, VP Enterprise Solutions, Ramco Systems, said, "Ramco is delighted to expand aggressively into the retail segment. In today's competitive scenario we provide retailers with a solution that further enhances their operational efficiency & reduces costs."

Ramco offers development, delivery and implementation of Web Services to the technology backbone of Subhiksha's proposed e-commerce portal merchandise management solutions to Dutyfree Distribution Services Pvt Ltd and a complete package of Ramco's Enterprise Solutions including Ramco's Food end Beverage ERP Software, Ecommerce, Retail Business Software, and Business Analytics solution to Bissinger's.

Ramco Enterprise Series - Merchandise Management System along with other components of Ramco's retail software solution provide retail Industry with a proven, agile and extendible option to meet their technology needs. Ramco has proven experience of more than a decade in the retail sector.

Source : Bombay Stock Exchange

Micro Technologies - Too Fast Too Furious

Micro Tech Awarded "Deloitte Technology Fast 500 Asia Pacific, 2007"

Micro Technologies India Ltd has announced that the Company has been chosen as one of the "Deloitte Technology Fast 500 Asia Pacific, 2007" by the Deloitte Touche Tohmatsu and was awarded as one amongst the fastest growing Companies for its technology and revenue growth in field of Security and Life support solutions. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries.

The Company has also been profiled as one of the top IT innovators - 2007 by NASSCOM. The Company made innovation an important part of their growth strategies and the Company have managed to stand out and differentiate themselves in highly competitive, often adverse market conditions and carved a niche for themselves using breakthrough technological products and novel market initiatives in Security and Life support systems. NASSCOM is India's National Association of Software and Service Companies, the premier trade body and the chamber of commerce of the IT software and services industry in India.

Offering a wide range of Micro products that are both innovative and highly competitive, the Company provides its growing customer base with security solutions that are technologically advanced on one hand yet simple on the other and these awards and recognition are the testimonies to the unconditional hard work, concerted commitment and focused dedication of the Company who have vowed to cater the security needs of various organizations globally on a consistent basis.

The Company, a prominent name amongst techno-savvy Companies and IT research units in the entire country and is well positioned to be a significant force in the global economy of the 21st Century in the much-needed security devices, life support systems and web-based software. The contributions of the Company to the state, country and society at large have been recognized in various forums and it has received many prestigious awards for its excellence and innovative work including the Deloitte Technology fast 50 India, 2007.

This is an unprecedented achievement of the Company, which signifies the role of the Company, in maintaining the highest levels of performance in Security and Life Support Domain.

Source : Bombay Stock Exchange

Jagran Prakashan - Joins Hands With Yahoo

Jagran & Yahoo Come Together To Launch Hindi Portal

Jagran Prakashan Ltd has informed BSE that Yahoo! India and the Jagran Group jointly announced the launch of a new co-branded Hindi news and current affairs Internet property. The new property will seamlessly integrate the largest Hindi content of Jagran with Yahoo! India's formidable online presence.

This pioneering agreement brings together India's number one Internet brand and a leading Indian newspaper conglomerate to provide the best of both online services and print media content for users and advertisers.

The partnership will create a richer online Hindi user experience, with Jagran's original content across news, current affairs, sports, entertainment and other features. It will be complemented with Yahoo!s innovative, user-focused internet products and services offered in seven Indian languages, including Yahoo! Search, Mail and Messenger.

Under the terms of the agreement, Jagran and Yahoo! India will share graphical and keyword advertising revenue generated by the property with Yahoo! India managing the advertising sales and ad-serving for the new co-branded property. Both Companies will also partner in distributing Yahoo! India's search and small and medium business offerings.

"This exciting and strategic partnership between these two powerful media entities will redefine the Hindi Online User experience and take this to the next level" said Mr. Sanjay Gupta, CEO, JPL.

"This platform will help rebrand and rescale the Hindi online space and leverage the strengths of both the organizations in creating a very powerful online property. We looked for a partner that stood for leadership and credibility in the online media space, which understood the pulse of internet audiences and had a customer-centric focus as central to their business approach. Yahoo! India definitely represents all these and more" said Mr. Sanjay Gupta, CEO, JPL.

Source : Bombay Stock Exchange

Apologies For Not Updating The Blog

Dear Readers,

I sincerely apologise for not updating my blog in recent past. I was very busy because of three back to back marriages in the family and I was travelling a lot for the last two months. I, still, have a little busy schedule ahead but I promise to resume frequent blogging and will come up with some good & interesting stock ideas.

Regards