Tata Nano to be launched on March 23 2009

• Author: Lalitha
• Filed under: Auto, Bank
• Date: Feb 27,2009

Tata Motors informed the market that the much awaited car of the Year “Tata Nano” will be launched on March 23 .They also confirmed that it will be available for booking from April Month.
From first week of April the car will be available on display in the Dealerships and bookings may start from second week of April.The total amount for booking and what is the booking process will also be announced on march 23rd 2009.The booking money is likely to be between Rs 50,000 and Rs 70,000. As we already know that SBI has put a deal with Tata Motors for being Sole Booking agent for Tata Nano.

KEC International bags order worth 227 crore from PGCI

• Author: Lalitha
• Filed under: Results
• Date: Feb 27,2009

KEC International has informed the market that it has bagged two orders worth Rs 227 crore from Power Grid Corporation of India.
Order Details

>One order valued at Rs 124 crore for supply and construction of 765-kilovolt (KV) transmission line in Madhya Pradesh and Maharashtra. Execution to be done by February 2011.
>Second Order valued at Rs 103 crore secured for supply and construction of 765- KV transmission line in Punjab and Haryana.Execution to be done by May 2011.

Larsen Toubro Bags order worth 1162 Crore

• Author: Lalitha
• Filed under: Infrastructure, cement, order_news
• Date: Feb 27,2009

Larsen Toubro informed the market that they have bagged orders worth 1162 crore.
Order Details

>First order worth Rs 605 crore was bagged from Andhra Pradesh Rajiv Swagruha Corporation for construction of a township comprising 3517 flats at Bachupally in Hyderabad. Execution time for the project is 2 years.
>Second order valued at Rs 557 crore bagged from two major players for the construction of cement plants and other strategic factory buildings.

Inflation at 3.36 percent – It is going down

• Author: Lalitha
• Filed under: Inflation
• Date: Feb 26,2009

Inflation data was released today and the wholesale price index rose 3.36 percent for the year through 14 February 2009 which is much lower than previous week’s annual rise of 3.92 percent.Thats good news but i dont see the rice prices going down .:(

Petron Engineering Construction receives order worth 72.55 crore

• Author: Lalitha
• Filed under: Engineering, order_news
• Date: Feb 26,2009

Petron Engineering Construction Ltd has informed the market that the Company have received following two orders from HPCL – Mittal Energy Ltd (HMEL), Bathinda (Punjab):
Order info

>Order for DHDT Heater Package for Guru Gobind Singh Refinery Project of HMEL, Bathinda,Contract Value : Rs 29.30 Crores
>Order for NHT CCR Heater Package for Guru Gobind Singh Refinery Project of HMEL, Bathinda,Contract Value : Rs 43.25 Crores

Everest Kanto Cylinder receives order worth 65 crore

• Author: Lalitha
• Filed under: order_news
• Date: Feb 26,2009

Everest Kanto Cylinder Ltd has informed the market that they have received 2 order totalling almost 15 million US dollar.
>First order was received by its Cp Industries Holdings, Inc., (“CPI”) step down wholly owned subsidiary of the Company in USA totaling USD 5.8 Million from National Oilwell Varco, Rig Solutions Group.
>And another order has also been received for supply of large pressure vessels for an additional USD 7.2 Million.

Hindustan Dorr Oliver bags order worth 441 crore from UCIL

• Author: Lalitha
• Filed under: Nuclear Deal, india, order_news
• Date: Feb 25,2009

Hindustan Dorr Oliver hit upper circuit of 20 percent today after the company informed the market that have bagged a prestigious order for Uranium Ore Processing Plant from Uranium Corporation of India Ltd (UCIL) worth Rs 441 crores for their Greenfiled Ore Mining and Processing facility of capacity 3000 MTPD coming up at Tumalapalle in Andhra Pradesh on LSTK basis.
Execution Time:
Execution of the above project shall be completed within a period of twenty two months.

Suzlon Energy bags order from Australia

• Author: Lalitha
• Filed under: Power Sector, order_news
• Date: Feb 25,2009

Suzlon Energy infromed the market that its step-down wholly owned subsidiary Suzlon Energy Australia has bagged order from AGL Energy.The order detail is to supply 54 units of Suzlon’s S88-2.1 MW wind turbine generators translating to 113.4 MW capacity in Australia in 2009.On another noter we already know that REpower Systems, a German unit of Suzlon Energy had on 17 February 2009, has received the largest ever order for offshore wind turbines from RWE of Germany. The order is valued at 2 billion euros.

BGR Energy bags order worth 42.5 crore from IRAQ

• Author: Lalitha
• Filed under: Oil
• Date: Feb 24,2009

BGR Energy infromed the market that the company’s oil and gas equipment division has secured a contract worth $8.57 million from State Company of Oil Projects (SCOP) of Iraq for supply of 14 floating and fixed-roof steel storage tanks.
Execution time:The order has to be executed within 12 months.

BHEL bags order worth 3150 Crore

• Author: Lalitha
• Filed under: Power Sector, order_news
• Date: Feb 24,2009

BHEL has informed the market that it has bagged an order worth Rs 3150 crore from Madhya Pradesh Power Generating Company (MPPGCL) for installing two sets of 600 megawatt (MW) of steam turbines, generators, boilers and associated auxiliaries in the main plant package at the upcoming Malwa thermal power project (TPP) in Madhya Pradesh.
Execution time
>First set is to be executed by 39 months
>Second set will be commissioned in 43 months from the date of commencement.

Larsen & Toubro bags order worth 1438 crore

• Author: Lalitha
• Filed under: order_news
• Date: Feb 24,2009

Larsen & Toubro Ltd (L&T) has informed the market that they have won a order worth Rs 1438 Cr .Its 3 orders totally worth rs 1438 crore.
Order info:
>First order is valued at Rs 800 crore bagged from the AI Ain Distribution Company for the construction of seven electrical substations in Abu Dhabi. The execution time is within 24 months.
>Second order is valued at Rs 330 crore from again Abudhabi Distribution Company for augmentation and expansion of 33-kilovolt (KV) power transmission network.
>Third order is national which is valued at Rs 308 crore from West Bengal State Electricity Distribution Company for rural electrification work in the state.
Finally the Stock recovered from the 52 week low.

Dow Jones down to 11 Year low

• Author: Lalitha
• Filed under: Results, Stock Market Crash, World Market
• Date: Feb 24,2009

Yesterday night when i went to bed i watched the US market was in red and i was thinking there would some good news on the banking side and it will come back to green and today morning a wake up and see that it is was still in deep red.
>Dow and S&P 500 wend down to level that was in 1997 the year i was dreaming about to go to America its almost to 12 years low.

>Dow Jones lost almost 250 points, or 3.4 percent, ending almost to the same point it was on May 7, 1997.
>S&P 500 (SPX) index lost 26 points, or 3.5 percent, ending at the lowest point since April 11, 1997.
>Nasdaq composite (COMP) lost 53 points, or 3.7 percent . This is the only index which was better than everything else and its just at its lowest points since Nov. 20, 2008.

What Moved the Market

>Reports indicate government may increase stake in Citigroup; helping keep financials in focus
>Government lines up loans in case automakers need bankruptcy financing

Market Closed Today

• Author: Lalitha
• Filed under: BseIndia, india
• Date: Feb 23,2009

Market closed for Mahashivratri on 23rd February 2009 (Monday).

ABB Results – Announces Yearly and QTR Results

• Author: kalyan
• Filed under: Results
• Date: Feb 20,2009

ABB Net Profit rose 6.82 Percent to Rs 193.12 crore in the quarter ended December 2008 as against Rs 180.79 crore during the previous quarter ended December 2007. Sales rose 17.77 Percent to Rs 2166.34 crore in the quarter ended December 2008 compared to Rs 1839.44 crore during the previous quarter ended December 2007.
Full Year Results
For the full year, net profit rose 11.34 Percent to Rs 547.41 crore in the year ended December 2008 as against Rs 491.67 crore during the previous year ended December 2007. Sales rose 15.29 Percent to Rs 6837.03 crore in the year ended December 2008 compared to Rs 5930.31 crore during the previous year ended December 2007.

Areva TD Results – Announces QTR and Year End Results

• Author: kalyan
• Filed under: Results
• Date: Feb 20,2009

Areva T&D India showed a Net Profit decline of 34.17 Percent to Rs 55.24 crore in the quarter ended December 2008 compared to Rs 83.91 crore during the previous quarter ended December 2007. Sales rose 26.88 Percent to Rs 938.83 crore in the quarter ended December 2008 compared to Rs 739.91 crore during the previous quarter ended December 2007.

For the full year, net profit rose 4.63 Percent to Rs 226.32 crore in the year ended December 2008 compared to Rs 216.30 crore during the previous year ended December 2007. Sales rose 31.85 Percent to Rs 2665.08 crore in the year ended December 2008 compared to Rs 2021.29 crore during the previous year ended December 2007.

Areva T&D India wins order worth 200 crore

• Author: Lalitha
• Filed under: Power Sector, order_news
• Date: Feb 20,2009

Areva T&D India informed the market yesterday that it has won two orders from Lanco Infratech for a combined value of about Rs 200 crore.
Order info
The 765kV substation switchyard will connect the Anpara ‘C’ 1200 MW (2×600 MW) Thermal Power Plant being developed by Lanco Infratech at Anpara (Uttar Pradesh) to the Northern Grid. All the major 765kV equipment like circuit breakers, disconnectors, instrument transformers, automation, and protection systems will be produced indigenously in AREVA T&D’s Indian plants circuit breakers and disconnectors will be manufactured in AREVA T&D’s new state of art factory at Padappal (Tamil Nadu) while 765 kV instrument transformers will be supplied from its new plant at Hosur (Tamil Nadu).The execution time for the order is by april 2010.

Ashok Leyland bags order worth 217.5 crore from ANGOLA for 1000 Bus

• Author: Lalitha
• Filed under: Auto, order_news
• Date: Feb 20,2009

Ashok Leyland has informed the market that they have bagged orders for 1,000 buses from the Ministry of Transport, Angola, worth US $ 43.5 million.The Bus has to be built on a strengthened chassis to withstand the extra weight of goods and has a 4×4 configuration to combat trying under-tyre conditions. 300 such buses were delivered within stiff deadlines starting August 2008, along with 200 Falcon buses.

Inflation to a Year Low

• Author: Lalitha
• Filed under: Inflation
• Date: Feb 19,2009

Inflation data was announced today and it is almost to a year low at 3.92 percent in the year through week ending 7 February 2009which is way lower than previous week’s annual rise of 4.39 percent.

TRF bags order worth 100 crores from AP government

• Author: Lalitha
• Filed under: Power Sector, order_news
• Date: Feb 19,2009

TRF Ltd has informed the market that they have won an order worth Rs 997.48 millions from Andhra Pradesh Power Generation Corporation Ltd (A Govt. of A.P. Undertaking, for setting up the Coal Handing Plant for its Rayalaseema Thermal Power Project, Stage-III, Unit – 5 (1 X 210 MW).

Areva T&D India bags order worth 101 crore from BGR Energy

• Author: Lalitha
• Filed under: Results
• Date: Feb 19,2009

Areva T&D India has informed the market that they have bagged an order worth Rs 101 crore from BGR Energy for setting up 420-kilo volt (KV) and 230 KV gas insulated substation package for Mettur thermal power project stage III of Tamil Nadu Electricity Board (TNEB). The project should be executed by end of this year .The net profit rose 8.9 percent to Rs 52.31 crore on 34.8 percnet increase in net sales to Rs 582.93 crore in Q3 September 2008 over Q3 September 2007 and they are due on the Q4 results today.

Dow Jones down by almost 300 points

• Author: Lalitha
• Filed under: Stock Market Crash, World Market
• Date: Feb 18,2009

After holiday on Monday US market opened yesterday on a Dull note , Dow Jones industrial average (INDU) fell nearly 298 points, or 3.8% down to a 3 months low. Investors are also not satisfied by the $787 billion economic stimulus plan, which was signed into law this afternoon by President Obama. They where not sure if that will stop the recession any soon.

Bartronics bags “AapKe Dwar” contract from Corporation of Delhi

• Author: Lalitha
• Filed under: order_news
• Date: Feb 17,2009

Bartronics India Ltd has informed the marker that the company has bagged that the Company has bagged the prestigious project “AapKe Dwar” from the Municipal Corporation of Delhi. The project envisages setting up and running 2000 G2C kiosks in Delhi. The project is BOT basis for period of 9 years.The Company expects a minimum revenue of Rs 5000 crores over the project period.

Stocks Pledged Starting January 2009

• Author: Lalitha
• Filed under: Bank, pledging
• Date: Feb 17,2009

Stocks Pledged This year due to financial constraint, the way how its going one day all the company will be in some banks hand or some financial companies hand.

Interim Budget 2009-2010 – Interim Budget Highlights

• Author: Lalitha
• Filed under: Budget, india
• Date: Feb 16,2009

Highlights of the Interim Budget 2009
–> All efforts made to deliver on commitments
–> Sustained growth at over 9 Percent in last 4 years
–> Per capita income grew 7.4 Percent during UPA regime
–> Gross domestic savings rate at 37.7 Percent , gross capital formation at 14.2 Percent
–> Tax–> GDP ratio at 12.5 Percent in 2007–> 08, close to fiscal correction target
–> Domestic investment rate over 39 Percent in FY08
–> Growth drivers –> agriculture, services, manufacturing, construction
–> Outlook for food grain production encouraging for coming year
–> Exports grew at annual average rate of 26.4 Percent during last 4 years
–> December industrial growth fell 2 Percent (YoY)
–> GDP growth of 7.1 Percent makes India the secondfastest growing economy
–> Have taken steps to encourage private investments in infrastructure via PPP
–> Approved 37 infrastructure projects worth Rs 70,000 crore between August 08-January 09
–> 54 central infrastructure projects of Rs 67700 crore sent for final nod to PPP panel
–> Initiative for providing refinance to banks for long term credit to project
–> IIFCL to raise Rs 10000 crore, has approval for an additional Rs 30000 crore
–> IIFCL to refinance 60 Percent of their projects
–> Extension of export credit for labour intensive exports
–> FDI inflow at USD 23.3 billion during April-November 2008
–> Attention given to agriculture sector, plan allocation up 300 Percent in 4 years
–> Government implementing revival agriculture package in 25 states worth Rs 13500 crore
–> Government will continue to provide interest subvention for agriculture in FY10
–> Farm debt waiver of Rs 65,300 crores covering 36 million homes
–> Government to provide interest subsidy to farmers in FY10
–> Outlay on higher education up 900 Percent in 11th 5 year plan
–> Annual ad hoc grants have been increased by 50 Percent (YoY)
–> FY09 revised estimates of spending at Rs 9 lakh crore vs Rs 7.5 lakh crore
–> FY09 plan expenditure revised to Rs 2.8 lakh crore from Rs 2.4 lakh crore
–> Government revises FY09 fertiliser subsidy to Rs 44863 crore
–> FY09 food subsidy revised to Rs 10960 crore
–> FY09 fiscal deficit seen at 6 Percent of GDP versus estimate of 2.5 Percent
–> FY09 revenue deficit at 4.4 Percent of GDP versus estimate of 1 Percent
–> FY10 spending seen at Rs 9.53 lakh crore
–> FY10 budgetary support seen at Rs 2.85 lakh crore
–> Rural jobs scheme to get Rs 30100 crore in FY10
–> JNNURM spending seen at Rs 11842 crore for FY10
–> Allocation of Rs 40900 crore for Bharat Nirman Scheme
–> Interest subvention for some export loans extended
–> Additional plan expenditure has to increase by 0.5–> 1 Percent post polls
–> FY10 non–> plan spend est at Rs 6.68 lakh crore
–> Major subsidy spending for FY10 seen at Rs 95,500 crore
–> FY10 budget revenue deficit seen at 4 Percent , fiscal deficit at 5.5 Percent
–> FY10 gross tax revenue seen at Rs 6.71 lk crore
–> Allocation of Rs 8,000 crore for mid–> day meal scheme
–> Rs 13,100 crore allocated for elementary education
–> FY10 gross market borrowing seen at Rs 3.2–> 3.3 lakh cr
–> No tax changes in interim budget

Senate Passes 787 Billion Dollar Bill – American Recovery and Reinvestment Act of 2009

• Author: Lalitha
• Filed under: World Market
• Date: Feb 14,2009

Senate passes $787 billion stimulus bill which will reach its book and become a law when President Obama signs it .The bill got 60 votes the minimum it needed to pass with support from just 3 republicans.
Where would the Stimulus Money go?

>Some $308.3 billion or 39 percent will go for appropriations spending Which also includes $120 billion on infrastructure and science and more than $30 billion on energy-related infrastructure projects and more.
>Some $267 billion or 34 percent on direct spending, including increased unemployment benefits and food stamps.
>and finally $212 billion or 27 percent for tax breaks for individuals and business.This is what all the normal people will be interested in soon i will break down this part.

This Bill is called American Recovery and Reinvestment Act of 2009

A bill making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year ending September 30, 2009, and for other purposes.

Know more in depth detail into the bill here.

Railway Budget 2009 – 2010 – Interim Railway Budget 2009-2010 Highlights

• Author: Lalitha
• Filed under: Budget, Railways, india
• Date: Feb 13,2009

>This is Railway Minister Lalu Prasad ’s sixth Railway Budget
>Railways reported Rs 25,000 cr cash surplus last year
>Revenues have risen by 39 paise a tonne/km since 2001
>Costs have fallen by 7 paise a tonne/km since 2001
>Railways in Nov ‘08 got 100 million dollar loan at 4%
>Railways has earned profit of Rs 90,000 Cr
>Recorded profits without hurting people
>Railway Minister Lalu Prasad presents expenditure estimates for the first four months of FY09
>Electrification of 1000 Km of rail lines completed in ‘08-’09
>Wagon production to be hiked from 6600 to 15000 per year
>Four Railway enquiry call centres set up
>Railways’ turnaround made far different from that done by private cos
8 pc freight growth in past 5 years
>New Delhi-Ahmedabad Rajdhani becomes daily from 6 days a week
>Kolkata Metro will be expanded
>Railway Minister Lalu Prasad gives 2 per cent cut in 1AC, 2AC & 3AC and AC chaircar fares
>Eye on polls, Railway Minister Lalu Prasad announces 43 new trains
>Bhubaneshwar-New Delhi Rajdhani becomes four days a week
>Mumbai-Bikaner superfast bi-weekly,Nizamuddin-Bangalore Rajdhani tri-weekly
>Feasibility study on for bullet trains
>5 lakh people use rail Internet facility
>Ludhiana-Kolkata freight corridor functional later this month
>Started work on Delhi-Mumbai freight corridor
>Railways to invest Rs 35,900 cr in ‘09
>Rs 10,500 cr kept aside to meet pension requirements
>Implementation of 6th Pay Commission to hike expense by Rs 13,500cr
>There has been a steep fall in container traffic
>Passenger growth up 14 per cent
>Passenger trains to have 22 per cent more capacity
>To hike efficiency of passenger and goods wagons
>Goods trains to have 78 per cent more capacity
>Steps to have railway connectivity to Kashmir initiated
>Rail accidents have fallen from 325 to 194 in past 5 yrs
>Railways to invest Rs 2.3 lakh cr over next 5 years
>Accidents have declined considerably

This is direct when it was happening on live

Siemens Industiral Solution bags 212 crore order from SAIL

• Author: Lalitha
• Filed under: Infrastructure, Power Sector
• Date: Feb 13,2009

Siemens informed the market today that Siemens’ Industrial Solutions (IS) division, part of its Industry Sector, has won a order worth 212 crore from SAIL for Rourkela Steel Plant (RSP). The order is to provide an extra high voltage (EHV) power distribution package , which will help them in enhancing its production capacity from 1.9 million tonnes to 4.5 million tonnes. The power distribution package provided by Siemens will convert the power received from the grid at 220kv level and feed it into the Rolling Mills and Oxygen Plant.

Bartronics India announces Trial Purchase order from Government of Singapore

• Author: Lalitha
• Filed under: Infrastructure, Technology, cement
• Date: Feb 13,2009

Bartronics India Ltd has informed the market that Bartronics Asia Pte one of the subsidiary of Bartronics India Ltd has won order for a Trial Purchase supply of RFID tags from the Government of Singapore – Housing and Development Board. The tags manufactured in India by Bartronics India Ltd have undergone strict quality checks by the Singapore Government before the order has been released. The initial order for 48000 tags is expected to be enhanced continuously and will be used in precast concrete slabs used in public housing. The RFID tags will enable accurate identification during the quality process of the concrete slabs before they are released by the government for construction purposes. This will give lead over to other projects in Singapore now .

Industrial Production Declined 2 Percent in December 2008

• Author: Lalitha
• Filed under: Industrial Growth, india
• Date: Feb 13,2009

Central Statistical Organization of India announced Industrial production for the month of December 2008 , which kind of declined in December 2008 by 2 percent , earlier it was told that November month also saw a decrease but it was restated and the November IIP stands now at 1.7 percent gain , So in 3 months or the last QTR of 2008 from October to December, it has two negative growth once in October of 2008 which is around .3 Percent decline and now in December 2008 2 percent decline .

Inflation down to 4.39 percent for week ending Jan 31 2009

• Author: Lalitha
• Filed under: Inflation
• Date: Feb 12,2009

Inflation data was really good and it went down to 4.39 percent in the year through 31 January 2009, It was way lowers than previous week’s annual rise of 5.07 percent.This is mainly due to the Reduction in auto fuel prices and also LPG.

Astra Microwave Products signs memorandum with Bharat Electronics

• Author: Lalitha
• Filed under: Technology
• Date: Feb 11,2009

Astra Microwave Products Ltd has informed the market that they have signed MOU with Bharat Electronics Ltd (BEL) to form a joint venture company.
Joint Venture Details

The Joint Venture copmpany will work togeather on design, development prototyping, manufacturing and marketing of RF and microwave products for use in defense, space and telecommunications.BEL holds 49 percent equity and Astra Microwave holds 51 percent equity

Platinum Corporation Rights Issue

• Author: Lalitha
• Filed under: Rights Issue
• Date: Feb 11,2009

Platinum Corporation Ltd has informed the market that on February 17, 2009,They are going to decide the price range of the rights issue which they approved in the Extra Ordinary General Meeting held on December 29, 2008.

Subash Projects and Marketing JV bags order worth 586 crore

• Author: Lalitha
• Filed under: order_news
• Date: Feb 11,2009

Subhash Projects informed the market yesterday that they have bagged order worth Rs 585.98 Crores for Pranahitha – Chevella Lift Irrigation Scheme for the work of package 15 from the Irrigation & CAD Department, Government of Andhra Pradesh, in joint venture with SEW Infrastructure Limited and AMR Construction for an amount of Rs 585.98 Crores. Subash Projects will share 80 percent of the Joint venture.

Dow Jones crashed by 382 points

• Author: Lalitha
• Filed under: Stock Market Crash, World Market
• Date: Feb 11,2009

US market had lost all the 4 session winning points and went to a November 2008 low .
Dow down by 381.99 closed at 7888.88
Nasdaq down by 66.83 closed at 1524.73
S&P down by 42.43 S&P closed at 827.16
What Crashed the Market

>Investors disappointed by lack of details in Treasury’s bank rescue plan
>Senate passes comprehensive economic stimulus plan in final vote
>Fed Chairman Bernanke testifies before Financial Services Committee

Treasury failed to provide clarity on how it will handle the toxic assets that are driving losses and write-downs on bank balance sheets. Recognition that this part of the plan has yet to be finalized creates an impression that Geithner still doesn’t have a complete solution to the situation.

Edserv Softsystems IPO fully subscribed on the Closing day

• Author: Lalitha
• Filed under: IPO
• Date: Feb 11,2009

Edserv Softsystems got fully subscribed on the closing day , this is an IPO which got fully subscribed after a long long time i have to say.The issue, which was subscribed 1.30 times, got bids for 51.49 lakh shares as against 39.73 lakh shares on offer.
Issue Details

IPO of 39.7 lakh equity shares of Rs 10 each in the price band of Rs 55 – Rs 60.

Financial’s

>For the year ended on March 2008, the company posted net sales of Rs 3.94 crore with a net profit of Rs 2.53 cores.

IVO Series Media Playes from Moser Baer

• Author: Lalitha
• Filed under: Technology
• Date: Feb 10,2009

Moser Baer informed the market that it has launched IVO Series Media Players with features that deliver a high-quality listening experience to music lovers.
IVO Series Model Info

Launched totally eight models in the IVO series 510i, 511i and 515i in 2GB and 4GB memory capacities and also adds QVGA TFT display to enhance photo and video experience.They can play standard formats such as WMV, AVI, XVID and FLV directly , and are available in sleek black and white colour .

World Market is in wait and watch mode

• Author: Lalitha
• Filed under: World Market
• Date: Feb 10,2009

US market dint go up or down as they dint really get a Yes or a No from the congress on Government Bank bailout plan and also the stimulus plan , when they hear the news that it got pass then the market will see a good rise.US market and US people were expecting to get the details about the bank bailout plan today but it got delayed and think it might be the whole week for them to have this thing passed.
Market Update

Dow Jones industrial average (INDU) lost 9 points or 0.1%.
Standard & Poor’s 500 (SPX) index added 1 point or 0.1%.
Nasdaq composite (COMP) Dint change much.

See the remaining market points here:
http://www.rupya.com/charts/world_market/

Jain irrigation , Gujarath NRE coke and Kamat Hotel Pledged Stocks yesterday

• Author: Lalitha
• Filed under: Bank, pledging
• Date: Feb 10,2009

These companies pledged stocks yesterday

Jain Irrigation promoters pledged 5.13% stake
Gujarat NRE Coke promoters pledged 15.96% stake
Kamat Hotels promoters pledge 47.09% stake

BEML bags order worth 1672 crore from Bangalore Metro Rail

• Author: Lalitha
• Filed under: Railways, order_news
• Date: Feb 9,2009

BEML, informed the market today that they have bagged order worth 1672 crore from Bangalore Metro Rail Corporation ,BEMl being one of the only manufacturing company dealing with Metro Rail cars thjey are winning projects from every state that are planning to have metro rail added.More orders are going to flow through the companies order book.

Ahluwalia Contracts announces order details worth 320 crore

• Author: Lalitha
• Filed under: Infrastructure, order_news
• Date: Feb 9,2009

Ahluwalia Contracts informs the market today about orders worth 320 crore and the details is as follows.
Order details

Nagarjuna Construction secured order worth 712 crores

• Author: Lalitha
• Filed under: Infrastructure, order_news
• Date: Feb 9,2009

Nagarjuna Construction informed the market that they have secured four new orders aggregating to Rs 712 crores.
Order details

1.Order worth 360 crore for Singareni Collieries Company Limited, Khammam, Andhra Pradesh for Blast Hole Drilling,Execution time is 72 months.
2.Order worth 161 crore for National Buildings Construction Corporation Limited, New Delhi for NMDC ,Execution time is 12 months.
3.Order worth 150 crore for Bangalore Metro Rail Corporation Ltd, Bangalore ,Execution time of the project is 30 months.
4.Order worth 41 crore for Mumbai Metropolitan Region Development Authority, Mumbai for construction of Skywalk at Thane, to be excuted in 6 months.

Supreme Infrastructure bags order worth 24 crore

• Author: Lalitha
• Filed under: Infrastructure, order_news
• Date: Feb 9,2009

Supreme Infrastructure India Ltd has informed the market totday that they have bagged 3 orders togeather worth 24 crore and 20 lacs from M/s. Kamla Landmark Group .
Order Details

> Construction of 70000 sq.ft at S V Road, Santacruz, Mumbai order worth around 5.5 crore.
>Construction of 1,00,000 sq.ft at Andheri Kurla Road , Andheri (E) ,order worth around Rs 8.7 Crore.
> Conscturction of 1,00,000 sq.ft at Goregaon Mulund Link Road, Goregaon (E). order worth around 10 Crore.

Company that pledged Equity – Torrent power,Shyam telecom,UTV Software and LG Balakrishnan

• Author: Lalitha
• Filed under: Bank, pledging
• Date: Feb 6,2009

Company that has pledged equity for the purpose of fund to use for the company

> Torrent power promoters pledge 11.07% stake
> Shyam Telecom promoters pledge 19.52% stake to SBI
> LG Balakrishnan promoters pledge 4.28% stake via associate companies
> UTV Software promoters have pledged 22.68% stake

Era Infra bags order worth 223 crore

• Author: Lalitha
• Filed under: Power Sector, order_news
• Date: Feb 6,2009

Era Infra Engineering informed the market that it has bagged orders worth Rs 222.9 crore for Mail Plant & Offsite Civil Works Package for Mauda Super Thermal Power Project, Mauda (2×500 MW) , the order was bagged from NTPC.

MTNL 3G – MTNL Launches 3G in India

• Author: Lalitha
• Filed under: Telecom
• Date: Feb 6,2009

MTNL announced the market that it has launched 3G in India, and has also announced a promotional 3G offer for Rs 599. This charge is for basic use of 3G and anything additional will have extra charges.MTNL 3G are first launched at Central Delhi & adjoining areas. 3G services will also be extended to cover Delhi region in a month and will be extended to cover NCR Region and also soon will be launched in Mumbai also.

Inflation to 11 months low of 5.07 percent

• Author: Lalitha
• Filed under: Inflation
• Date: Feb 5,2009

Inflation data was released today it just .05 percent to go below 5 percent , it has come at 5.07 percent in 12 months to 24 January 2009,which is almost .60 percent down compared to previous week raised of 5.64 percent.

TATA Capital NCD -Tata Capital NCD to offer 12 percent interest

• Author: Lalitha
• Filed under: Bank, Fixed Deposit
• Date: Feb 5,2009

Tata Capital NCD
Tata Capital informed the market that they are raising Rs 500 crore through a non-convertible debenture issue,which has already opened on February 2nd 2009 and it will be open till February 24th 2009 .they will be allowed to retaining up to 1000 crore if it get over subscribed by more then 500 crore.
Open Date : February 2 2009
Close Date : February 24, 2009
Interest : 12 Percent Varies based on the Monthly or Quarterly Interest.
Redemption : In 5 years,put and call options offered to investors at the expiry of 36 months and 42 months.
Minimum Amount : 10,000
The minimum application amount is Rs 10,000 for the quarterly, annual and cumulative interest payment options (coupon rate of 12 per cent an annum); and Rs 1 lakh for the monthly interest payment option (coupon rate of 11.25 per cent an annum).
Fund Usage :
Tata group in turn will use the proceeds of the issue for its business growth and a repay existing costlier debt, this is good for the tata group and not sure for the tata capital how they will repay.
Credit Rating
High credit rating of “LAA+” by ICRA and “CARE AA+” by CARE
Final Highlights

• Interest at the rate of 12% per annum is offered for the annual and cumulative interest payment options.
• Quarterly interest payment option to offer a coupon rate of 11.25% per annum with an annualized yield of 11.73%.
o For the quarterly, annual and cumulative interest payment options the minimum application size is Rs 10,000 and additional investments in multiples of Rs 1,000.
• Monthly interest payment option to offer a coupon rate of 11% per annum with an annualized yield of 11.57%. The minimum application size is Rs 100,000 and additional in multiples of Rs. 100,000
• Interest on application money at the rate of 8% p.a. to be paid from the date of realization of the cheque or 5 days after the date of application, whichever is later, upto one day prior to the deemed date of allotment.

ION Exchange Wins order worth 126 crore from NTPC Tamil Nadu Energy Company LTD

• Author: Lalitha
• Filed under: Agriculture, order_news
• Date: Feb 5,2009

Ion Exchange informed the market that it has won, against global bidding for a order from NTPC Tamil Nadu Energy Company Ltd (NTECL) worth around Rs 126.3 crores for a 3×275 m3/h sea water reverse osmosis (SWRO) plant for the 3×500 MW thermal power plant at Vallur near Chennai.The stock went up by almost 10 percent yesterday after the news from 70 to 77 rs.

Pledging Equity – Companies take Pledging route for Funding

• Author: Lalitha
• Filed under: india
• Date: Feb 5,2009

Pledging information submitted in the market for this week
Aban Offshore & Shree Renuka promoters have pledged 8Percent equity;
Ganesh Housing pledges 30 percent and totally pledged over 50 percent.
Bhuwalka Steel promoters have pledged nearly 30Percent totally pledged over 42 percent.
Bilpower promoters nearly 11Percent totally pledged over 33 percent.
Hind Syntex nearly 5.3Percent and
PVR promoters 2.17%.

ICICI Bank is the major stake holder in most of these company , This is very scary to hear some company doesn even have full control over the company and have pledged most of the stocks.

WWIL stock up by 78 percent on news of Fund Raising

• Author: Lalitha
• Filed under: Telecom
• Date: Feb 5,2009

WWIL went up today by 78 percent or 8 rs from 9.5 rs yesterday after FIPB oka’ed raising Rs 450 crore via partly paid-up equity shares. The company needs funding of Rs 800-1000 crore for over 4 years. Remaining funding will be done by the company via Rs 500 crore debt.