Spanco Telesystems awarded three projects worth 165.53 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 for the month of March 2008

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.

Principal Tax Savings Equity Tax Saving 31-03-2008 8
Sahara Taxgain (D) Equity Tax Saving 29-03-2008 7.5
Birla Equity Plan (D) Equity Tax Saving 28-03-2008 6
Can Robeco Equity TaxSaver Equity Tax Saving 28-03-2008 3
DSP-ML Opportunities – RP (D) Equity Diversified 28-03-2008 4
ICICI Pru Infrastructure (D) Equity Diversified 28-03-2008 3
Reliance Diver. Power – IP (D) Equity Others 28-03-2008 1.5
Reliance Diver. Power – RP (D) Equity Others 28-03-2008 1.5
Reliance Media & Entertain (D) Equity Others 28-03-2008 1.5
SBI Magnum Emerging Busi (D) Equity Diversified 28-03-2008 2.5
Sundaram Tax Saver (D) Equity Tax Saving 28-03-2008 1.5
Escorts Growth Plan (D) Equity Diversified 26-03-2008 3
Escorts High Yield Equity (D) Equity Diversified 26-03-2008 0.3
Escorts Tax Plan (D) Equity Tax Saving 26-03-2008 3
Tata Mid Cap Fund (D) Equity Diversified 26-03-2008 1
ABN AMRO Opportunities (D) Equity Diversified 25-03-2008 4
Birla Tax Relief 96 (D) Equity Tax Saving 25-03-2008 20
Principal Personal Tax Saver Equity Tax Saving 25-03-2008 40
Tata Equity P/E Fund (D) Equity Diversified 25-03-2008 0.5
UTI Nifty Index Fund (D) Equity Index 25-03-2008 9
Birla Infrastructure Fund (D) Equity Diversified 24-03-2008 1
HSBC India Opportunities (D) Equity Diversified 24-03-2008 1
HSBC Midcap Equity Fund (D) Equity Diversified 24-03-2008 0.75
ICICI Pru Power (D) Equity Diversified 19-03-2008 2
Reliance Equity Oppor – RP (D) Equity Diversified 19-03-2008 1.5
Reliance Growth Fund – RP (D) Equity Diversified 19-03-2008 6.5
Reliance Pharma Fund (D) Equity – Pharma 19-03-2008 1.5
LIC MF Index – Nifty Plan (D) Equity Index 18-03-2008 2
DBS Chola Opportunities (D) Equity Diversified 14-03-2008 7.5
Kotak Opportunities Fund (D) Equity Diversified 14-03-2008 2
Reliance NRI Equity Fund (D) Equity Diversified 14-03-2008 1.5
Reliance Vision Fund – RP (D) Equity Diversified 14-03-2008 7
Fidelity Equity Fund (D) Equity Diversified 13-03-2008 2.5
Fidelity Tax Advantage (D) Equity Tax Saving 13-03-2008 1.5
Franklin (I) Flexi Cap (D) Equity Diversified 12-03-2008 3

Bharat Oman Refineries IPO – BORL IPO files for DRHP with Sebi

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.

US Maket closed the week in red for the 4th day

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

US Market Down for third continuous day

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%

Market Wrap

Titagarh Wagons IPO Final Subscription Details

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.

US Market Down for the second day in a week

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

Tata Motors acquires Jaguar Land Rover from Ford Motor

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.
Jaguar and Landrover logo
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.

Swift DZire – Maruti unveils Swift DZire alternate for Esteem

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. maruti swidt dzire

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.
DZire is offered in seven colours: Arctic White, Silky Silver, Clear Beige, Midnight Black, Bright Red, Azure Gray and Sovereign Blue.

Price(Rs) 4.49 lakhs 4.97 lakhs 5.90 Lakhs
Price(Rs) 5.39 Lakhs 5.85 Lakhs 6.70 Lakhs

Maruti Swift DZire Video

Stocks Going EX Date , Ex Dividend from March 26 to April 8 2008

Stocks Going EX Date fopr Dividend or split or Bonus reson from March 26th to April 8th 2008

Scrip Code Scrip Name Ex-Date Purpose Rs.
590053 KAR MOBILES 26-Mar-08 Interim Dividend 4
500166 GOODRICK GRP 27-Mar-08 Dividend 1.5
531213 MANAP GEN FI 27-Mar-08 Interim Dividend 1.5
500488 ABBOTT INDIA 28-Mar-08 Dividend 17.5
526173 ANDREW YUL C 28-Mar-08 Reduction of Capital
524388 CRAZY INFOTE 28-Mar-08 Stock Split from
Rs. 10/- to Re. 1/-
505790 FAG BEARING 28-Mar-08 Dividend 4
500150 FOSECO INDA 28-Mar-08 Final Dividend 7
532276 SYNDICATE 28-Mar-08 Interim Dividend 1.5
506390 CLARI CHEM 31-Mar-08 Dividend 10
590031 TITANOR COM 31-Mar-08 Dividend 5.8
500660 GLAXOSMITH 02-Apr-08 Dividend 36
500674 AVENTIS PHAR 03-Apr-08 Dividend 12.5
532751 EASUNREYRL 03-Apr-08 Interim Dividend 0.5
524174 KESAR PETROP 03-Apr-08 Reduction of Capital
506222 LANXESS ABS 03-Apr-08 Dividend 3
500680 PFIZER LTD. 03-Apr-08 Dividend 27.5
531687 KARUT NET L 04-Apr-08 Stock Split from
Rs. 10/- to Re. 1/-
500126 MERCK LTD 04-Apr-08 Dividend 10
500472 SKF INDIA 04-Apr-08 Dividend 6
500870 CASTROL INDI 07-Apr-08 Final Dividend 9.5
506803 FULFORD IND 07-Apr-08 Dividend 4

Chiripal Industries IPO Files for DRHP with Sebi

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 hit Second highest Gain up by 938 points

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.

SENSEX 16,217.49 +928.09 +6.07
MIDCAP 6,174.49 +368.96 +6.36
SMLCAP 7,284.64 +334.52 +4.81
BSE-500 6,221.98 +362.26 +6.18