Era Infra informed the market today that Era Infra Engineering Ltd has has secured an order for supply of Ready Mix Concrete (RMC) for common wealth games village, New Delhi valued at approximately Rs 20 crore.
BL Kashyap & Sons Ltd has informed the market that the Company has bagged new projects worth over Rs 344 Crores for Construction of approx 3.60 million sq. ft. of space.
Larsen & Toubro Ltd (L&T) informed the market today that the company has received order from Hindustan Petroleum Corporation Ltd (HPCL) for 576 crores and the order was bagged by L&T’s E&C Division’s Refinery Projects Business Unit .
Punj Llyod informs the market today that it has received order from Tecnimont S.p.A (Italy) worth 288 crores or 68 million us dollar for Borouge 2 Polyolefins Project of Abu Dhabi Polymers Company, UAE.
Kirloskar brothers informed the market today that it has received an LOI from andhra government for construction of main pumping station and also site development for project in several places ,The total value of the contract is Rs 338.92 Crs.
Reliance energy infromed the market today on Buy-Back of shares ,They have bought-back 1,21,500 equity shares of the Company as on March 31 2008 which amounts , so far bought back 9,51,500 equity shares aggregating Rs 122.39 crore.They told they will buy back upto 800 crores.
Spanco Telesystems informed the market that they have been awarded three projects worth 165.53 crore from three different state . Order details.
1.Awarded LOI by Bihar State Electronics Development Corporation Ltd – Rs 20.08 Crores.
2.Awarded LOI by Food, Civil Supplies & Consumer Protection Department, Govt of Maharashtra – Rs 125.00 Crores
3.Awarded LOI by ITI Ltd, Bhopal – Rs 20.45 Crores
Mutual Fund Dividend Declared for the month of March 2008 , there are some Tax saving scheme also in it so you can benefit both by tax saving and also by dividend.
Sita Shree Food Products Limited IPO which was open from March 11, 2008 to March 14, 2008 was oversubscribed by 2.44 times and 4.1253 times on the retail side. Check Sita Shree IPO Allotment Status here.
Bharat Oman Refineries (BORL) has filed DRHP with SEBI on March 28, 2008 for its initial public offering (IPO). About BORL
BORL is promoted by Bharat Petroleum Corporation (BPCL), a fortune Global 500 Company, with interests in downstream oil refining and marketing of petroleum products. IPO Size
BORL intends to raise approximately Rs 3850 crore as the equity contribution for a refinery project at Bina.
The Dow Jones industrial average (INDU) lost 0.7%, while the broader Standard & Poor’s 500 (SPX) index lost 0.8%. The Nasdaq composite (COMP) lost nearly 0.9%.Market was in gree for most part of the day and after noon it came to red. What Moved the Market
>Retailers under selling pressure after JCP issued downside first quarter earnings guidance
>Financials get clipped: Oppenheimer said bank earnings will not support current dividend levels in 2008
>February personal income higher than expected, spending and Core PCE are in-line with estimates
Inflation, based on the Wholesale Price Index (WPI), shoots up to 6.68% in the week ended March 15 from 5.92% in the previous week .this is really amazing how come the inflation is raising with a slowing economy .
Dow Jones industrial average (INDU) traded down 120 points, or about 1%. The broader Standard & Poor’s 500 (SPX) index slipped 1.2%, and the Nasdaq composite (COMP) lagged further behind, losing 1.9%.The whole day market was in red only the jobless data was really helping the market to recover but the tech and banking sector had the US market in Red all the day. What moved the market
>Oracle’s report disappoints traders; Tech stocks decline
>Choppy trading after the Fed’s TSFL auction results
>Initial jobless claims fall to 366,000 from 375,000
>Final fourth quarter GDP stands at 0.6%, personal consumption revised higher to 2.3% from 1.9%
Gammon Infrastructure Projects Ltd IPO which was open from March 10, 2008 to March 13, 2008 was oversubscribed by 3.48 times and 1.0856 times on retail. Gammon Infra IPO Allotment can be checked here.
Titagarh Wagons IPO closed today with subscription of 6.75 times, it was considered to be ok IPO compared to other that opened nowadays . Total Subscription Figures
Non Institutional category oversubscribed : 2.7683 times
Qualified Institutional Buyers (QIBs) quota : 10.3670 times.
Retail Individual Investors (RIIs) category : 0.9798 times and
Employees category : 0.0707 times.
The Dow Jones industrial average (INDU) lost around 110 points, or 0.9%. The broader Standard & Poor’s 500 (SPX) index gave back 0.9% and the Nasdaq composite (COMP) lost 0.7%. Whats moving the market
>Weekly oil inventory increase less than expected
>February new home sales top estimates, but still at 13-year low
>Durable orders decline for second straight month
>Financials weigh on the broader market after having earnings
estimates cut at Oppenheimer
>Press reports private equity deal for Clear Channel near collapse
>Treasury Secretary Paulson suggests need for more oversight of
primary dealers and believes housing remains the biggest threat to
the economy
Simplex Infrastructures Ltd informed the market that it had bagged order worth rs 653 crore and the total is from 3 new orders from different sectors which includes an order from Ritz Carlton Hotel, Bangalore, construction of a cement plant, sewerage system and thermal power plant.The total order book almost stands at 9000 crore or so.
Roman Tarmat informed the market that the Company has bagged an order from New Mangalore Port Trust, Mangalore for concreting the Existing Roads at Mangalore for rs 29.42 crore,The Execution time for the project is 18 months.
Petron Engineering Construction Ltd has informed the market that the Company has received Letter of Intent from Bharat Oman Refineries Ltd, for Electrical works for Bina Refinery at Bina in the State of Madhya Pradesh for a contract Value of Rs 15,81,06,345/- (Rupees Fifteen Crore Eighty One Lacs Six Thousand Three Hundred Forty-five Only).
Tata Motors Ltd today announced the market that it has entered into a definitive agreement with the Ford Motor Company for the purchase of Jaguar Land Rover, comprising brands, plants and Intellectual Property Rights.This would be a done deal by the end of the next quarter, subject to applicable regulatory approvals.
The total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon closing will be approximately US $2.3 billion. At closing, Ford will then contribute up to approximately US $600 million to the Jaguar Land Rover pension plans.
Valecha Engineering Ltd (VEL) has informed the market that the Company has recently bagged new projects worth Rs 250.00 crores approximately which includes Road Works at Pune, Delhi Airport Express Line work & Piling Projects.
Maruti Suzuki Today announced the launch of Swift DZire .The DZire, which comes both in diesel and petrol engines, offers luxury feature options like integrated stereo, steering mounted audio controls, automatic climate control and power windows.
It also comes with safety features like Dual Airbags, ABS with EDB, collapsible steering column and an i-CATS anti-theft facility. Many of these features are being offered for the first time in this segment. Design and Color
For the eleven Maruti Suzuki engineers who worked on the design of the DZire, the challenge was to integrate the boot into the overall personality of the Swift, while imparting the elegance of a sedan. In providing a high style quotient, the engineers have integrated the boot with just 30 Kilograms added to the car’s weight ! The suspension and engine have been tuned for the sedan.Owing to this, the DZire has the highest power-to-weight ratio in its category. This ensures best performance and superior fuel efficiency. Car Engineering
The petrol version of DZire comes with a 1.3 litre, 16 valve, ALTec 32 engine, with a maximum 87 bhp at 6000 rpm. The diesel version comes with the 1.3 litre DDiS engine, offering a torque of 190 Nm at 2000 rpm. Color
DZire is offered in seven colours: Arctic White, Silky Silver, Clear Beige, Midnight Black, Bright Red, Azure Gray and Sovereign Blue. Pricing
Chiripal Industries is one of the many Textile players in india, They have filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). CIL proposes to access the domestic capital market with its initial public offering (IPO) of 14,216,700 equity shares of Rs 10 each for cash at a price to be decided through 100% book-building process.
The IPO comprises of a net issue to public of 12,100,000 equity shares of Rs 10 each, Promoters’ contribution of 1,916,700 equity shares of Rs 10 each and a reservation of up to 200,000 equity shares of Rs 10 each for eligible employees. The net issue will constitute 34.57% of the post issue paid up capital of the company.
Sensex was on a big happy mood wioth global market supporting from all side , the Bear and Stearn news was a big support for US and also for India , You name a stock that would have rose today , JP Associates, Reliance Energy, DLF, Unitech, ICICI Bank, Tata Power, TCS Infosys, Satyam, Reliance Communication, Tata Steel, SAIL, were among the gainers.HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco also ended higher.
The Bombay Stock Exchange Sensex spurted by more than 890 points today to cross 16000 points and now its just 750 points up at 2.45 or so on aggressive buying by funds and also on squaring up of pending positions by brokers. The Sensex, which gained nearly 295 points in yesterday opened the market with positive notes on Global cue opening positive.
Jyoti Structures informed the markt that on Tuesday it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd.The project will be executed in 13 months.
US market opened the week with very good gains on monday , it closed previous week with gain friday and opened again this week monday with some good gain . What Moved the Market
>February existing home sales unexpectedly rise 2.9%, marking the first monthly rise in one year
>JPMorgan ups offer for Bear Stearns to $10 per share from $2
>Federal Housing Finance Board authorized Federal Home Loan Banks to increase their purchases of agency mortgage backed securities
Titagarh Wagons ipo is considered to be ok ipo with the sector they are in they will really have very good orders from Railways, As Railways have planned to make more wagons , but the ipo which opened yesterday did not get much interest, it was subscibed 0 times i have to say .
Total Issue Size 2383768
Total Bids Received 4800
Total Bids Received at Cut-off Price 4380 No. of times issue is subscribed 0.00 Track the Subscription figure here.
IVRCL Infrastructures informed the market today that the Company is associated with Indira Gandhi Centre for Advanced Research Livestock (IGCARL) and has also bagged a contract at a cost of Rs 78.85 Crores from Andhra Pradesh Industrial Infrastructure Corporation Ltd for construction of Research Complex of an area of 5.75 lakh sq. ft. which includes (a) Research Block, BSL and ABSL facilities, Dairy unit, Sheep goat and piggery unit, Poultry unit, Laboratory animal unit, Embryo Collection facility and others of 2.89 lakh square feet and (b) Staff quarters of 2.86 lakh square feet and other auxiliary services.
Welspun-Gujarat Stahl Rohren Ltd has informed the market today that the Company has bagged pipeline orders worth Rs 1075 Crores for the supply of Spiral Pipes in Northern Africa.With this order the order book position has increased to above Rs 5900 Crores.
XL Telecom & Energy Ltd has informed the marhet that the Company has received orders valued around Rs 1,539 Millions for supply of Export of Solar Panels.The Total Pending Order Book for the Export of Solar Panels with this Order stands at Rs 6.75 Billions worth of Solar Panels.
Hyderabad’s new Rajiv Gandhi International Airport becomes operational from saturday after a Lufthansa flight landed in the airport.See the video of the landing from CNN IBN.
Visa IPO which is now considered one of the biggest IPO in US history which sold like 402 million shares at 44 dollar per stock 3 dollars above the expected 41 dollar per stock , go traded in the Newyork stock exhange and topped ahigh of 69 dollars or so before closing at 56 dollars and 50 cents .Infact lot of investment bankers made so much money in this IPO that will help them mett up0 with the loss because of credit crisis.
In Mumbai Palm has made announcement about the launching of its ‘Centro’ smartphone in the Indian market.It is Priced at Rs. 13,990, “Centro” will be available at IT retail stores in Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Bangalore, Hyderabad, Jaipur, Pune, and Chandigarh.
About Palm Centro:
Palm Centro gives you voice, text, email and web1, all in a phone that’s a lot smaller than you think. It even has a touchscreen and a full keyboard, so you can say L8R to those tricky keys on your cell phone. Carry names and numbers, shoot photos and video, and meet up with friends. Palm Centro Specification
About Kiri Dyes
Kiri Dyes & Chemicals Limited, was incorporated on 14th May 1998 as a Kiri Dyes and Chemicals Private Limited at Ahmedabad, Gujarat KDCL has been promoted by Mr Praveen A. Kiri and Mr. Manish P. Kiri. KDCL is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours identified by color index number internationally. Kiri Dyes IPO Symbol – Series KIRI EQ Issue Period Mar 25, 2008 to Apr 02, 2008 Issue Size 3750000 Equity Shares Issue Type 100% Book Building Face Value Rs. 10/- Price Range Rs. 125 /- to Rs. 150 /- Lot/Min Qty 45 shares
IL&FS Investmart Managers has informed the market that they have considered issuing bonus and regarding the same they will meet on on April 1 to consider the issue of bonus shares.Please come back here for more info on the bonus ration.
US market surged Thursday after OIL price and Gold Price eased in international market and also Federal Reserve said it will make $75 billion in securities available to banks next week as part of its ongoing effort to ease the credit crunch.Market which lost like 300 points yesterday has gained like 200 today.Market is closed for Friday on the eve of Good friday.
Source: CNNMONEY
So GMR enters turkish runway as one of the member of the consortium of GMR Infrastructure, Limak of Turkey, and Malaysian Airports Holdings they have signed an agreement with the Turkish defence ministry for developing the second international airport in Istambul. Following this, the Sabiha Gokcen International Airport (SGIA) was officially transferred to the consortium. Source:Economic Times
Reliance communication and HTC signed a deal that will help HTC’s foray into the fast-growing CDMA market in India and also it will help Reliance Communications to offer a wider range of world-class PDA (personal digital assistant) devices on the CDMA platform for its high-end data usage customers.
Two news devices has been offered HTC P3000 priced at Rs. 16,500 and HTC S720 priced at Rs. 19,500, respectively.
Larsen & Toubro announced The hindu yesterday that there hopes to begin work on the integrated shipbuilding yard and port at Ennore, north of Chennai is nearing and they are positive on the way how the activities are going, Its proposal for this project got the Tamil Nadu Government’s approval in January 2008, and the company is now discussing the agreement it will sign with the Government for the project.They are looking for a 1200 acre of land and when its ready it will take around 24 month to complete .
Inflation data is in and its not looking good at all , Inflation surged by 0.81 per cent to over 11-month high of 5.92 per cent for the week ended March 8 as essential items like fruits and vegetables and pulses as well as some manufactured items turned expensive.We will what the next week , its not really looking good thi is like huge raise.
United States has proposed a new rule probihiting the employers from filing multiple applications for H-1B visa, widely sought by Indians, for the same employee to ensure a fair and orderly distribution of available visas. More info here.
UTI IPO from the family of UTI Asset Management Companyhas been assigned Grade 4/5 to its IPO by Crisil. UTI AMC is planning to raise Rs 23-24 billion by this proposed offer for sale of 48,500,000 equity shares.I have to say this grading doesn’t mean anything , it depensds on the market mood .So let us see how it is when the IPO comes out.
About 20 Microns
20 MICRONS is India’s largest manufacturer of White minerals with an annual output of over 180000 tons from plants spanning four different regions of India. About 20 Microns IPO
20 Microns has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market soon with an initial public pffering (IPO) of 94,25,632 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
About Titagarh Wagons :
Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. We are young company incorporated in 1997-98 which is primarily engaged in the business of manufacturing Railway Wagons, Bailey Bridges, Heavy Earth Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc. About Titagarh Wagons IPO:
Titagarh Wagons Limited is entering in the capital markets with an initial public offering, IPO of 4,063,158 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. Price Band : Between Rs. 540/- at lower level and Rs. 610/- at upper level for equity share of Rs. 10/-. Issue Date : Mar 24, 2008 to Mar 27, 2008.
Asian Electronics was hammered today after a news on CNBC reporting that they had defaulted in payment of 2 crores and for that Asian electronics has informed the market that
“A winding-up petition is filled by Global Trade Finance Ltd against Asian Electronics Ltd for alleged default of repayment of about Rs 2 crores.”
and they have also replied that all the actions taken by the above Company are baseless and frevolous. Company will take all the actions to defend itself through proper channel.
Dow UP by 420 points what other reason you need for the global market to go up.This is the best in 5 and half years.
>FOMC cuts the fed funds and discount rates by 75 basis points;
>Fed funds rate now at 2.25% and the discount rate now at 2.50%
>Goldman Sachs tops earnings expectations; Lehman Brothers tops earnings estimates
>PPI inflation reading less then expected, however, core PPI is higher than expected
The Fed cut its federal funds rate, an overnight bank lending rate, to 2.25%.They where expecting 1 but 3/4 was still ok , this is almost sixth time they are doing.
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