Archive for February, 2010
As you saw my previous post about Paypal asking for Exporter code if you want to use Paypal for transaction or remittance of money in india.Was about to research how to get the Exporter Code and kind of psot the same here, my friend Amit from Labnol has already done it and rather than me doing it i will give some info from there. [...]
United Bank of India IPO which was open from Feb 23rd 2010 to Feb 25th 2010 was fully Subscribed by 33.38 times.They have received bids for 1,66,88,50,900 shares as against issue size of 5,00,00,000 shares. Over subscription Details >Qualified Institutional Buyers (QIBs) 47.0824 >Non Institutional Investors 39.1525 >Retail Individual [...]
PayPal sent a email to everyone saying that they have approved local bank withdrawal to India but not for everyone but only for those who have a export code.They have told that RBI has allowed them to continue local bank withdrawals for settlements for exports of goods and services. They will make changes to comply with Indian [...]
ARSS Infrastructure informed BSE and in turn BSE gave permission for the stocks to list on Wednesday, March 03, 2010 under BSE Script Code: 533163., Final issue price was fixed at 450/- per share.The IPO was oversubscribed by 47.62 times and almost 18.5487 times on the retail side. Listing Detail Listing Date: Wednesday, March 03, 2010 BSE [...]
Gold Price which has already seen its heights for some time now would reach new heights, As we all know that government has proposed a 50 per cent hike in custom duty on precious metals, including gold and silver. Which is like increase from Rs 200 to Rs 300 per gramme on gold almost 100 rs per 10 grams increase and On silver its from the [...]
Why i had the post as Vinnaithaandi Varuvaaya Climax , thats the only thing that might get finally talked about a lot , The movie all started fine and it went very good and you will feel like you are in a romance world with A.R.Rahman coming with you along as songs and both Trisha and Simbhu is the only person you will be seeing on the screen .But [...]
Union Budget 2010-2011 Highlights By Industry Wise , very good measure taken by government by posting the infromation immdiaetly on thw website. You can download the highlights PDF from here. You can watch the recorded Budget speech here.
After Budget 2010 , Infrastructure Bond is somethign that will get more popular , as Mr Pranab Mukerji has allowed extra Twenty thousand in Infrastructure Bond , as additional investment over and above Rs 1 lakh in 80C. What are Infrastrucure Bonds ? Infrastructure bonds are available through issues of ICICI Bank and IDBI, brought out in the [...]
Income Tax Slab Revised >No tax for income upto 1.6 lakh. >For income between 1.6 lakh - 5 lakh tax liability 10%. (old slab was Rs 1.6 to 3 lakh) >For income between 5 lakh - 8 lakh 20%. (old slab was Rs 3-5 lakh) >For income above 8 lakh 30% (old slab was Rs 5 lakh +) >Additional investment of 20K in infra bonds over and above Rs 1 lakh [...]
Cadila Healthcare Ltd (CHL) has informed the market yesterday that the company in the meeting that was held yesterday said that it has come out with a decision to offer Bonus Equity Shares in the ratio of 1 (One) Equity Share of Rs. 5/- each fully paid-up for every 2 (Two) Equity Shares of Rs. 5/- each held by the shareholders of the Company on [...]
Sterlite Technologies Ltd has informed the market that it has set record date as March 10, 2010 for > Stock Split and Bonus Issue > Stock split by sub-division shares of face value of Rs. 5/- each to face value of Rs. 2/- each and > Bonus Shares in the ratio of 1:1.
SEL Manufacturing Company Ltd has informed the market that the subsidiary of the company SEL Textiles Ltd has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India.They are coming out with this IPO to finance the cost of Setting up a new facility for manufacturing of Terry Towels with an installed capacity of 3600 [...]
Hathway Cable & Datacom Listed today , Hathway Cable & Datacom Ltd which has (Scrip Code: 533162) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities from Feb 25th 2010.
Cadila Healthcare Ltd (CHL) has informed the market that the company has come out with a decision on the meeting that was held on on Feb 25th hat they will allocate 1 (One) Equity Share of Rs. 5/- each fully paid-up for every 2 (Two) Equity Shares of Rs. 5/- each based on the record date that will eb announced later.
Long awaited 3G Auction dates has been announced The Government has announced the Schedule of 3 G Auction. The auction process for 3G will follow the schedule given below: >Notice inviting applications - 25th February, 2010 >Last date of submission of application - 19th March, 2010 >Publication of ownership details of applicants - 26th March, [...]
Speech of Mamata Banerjee introducing the Railway Budget 2010-11 on 24th February 2010
KRBL is the company which saw limelight after Railway Budget 2010 , Mamata Bannerji the honorable railway minister announced that Freight on food grain, kerosene is cut by Rs 100/wagon , KRBL which is in the business of RICE production and Export , said that 90% cargo is loaded via trains and the company because of the cut in 100 rs /Wagon will [...]
Railway Budget 2010-2011 Highlights >No hike in freight and passenger fare. >New Janmabhoomi train between Ahmedabad and Udhampur >Concession for children of accredited journalists up to 18 years. >Free journey for cancer patients in sleeper and 3AC; 75 p.c. concession for companion >Concession of Rs 100 on freight rates of food grains [...]
Emmbi polyarn which ahd very good support at 45 to 46 rose to 48 or so with very good buying and i also made some profit in hat up swing , now when i saw the rate i was thinking i missed a very good oppurtunity , it dropped like bomb to 30 rs or so from 48 in just a hour or so , think there was heavy selling .At 12.00 clock Buyers was 5,91,193 [...]
Emmbi Polyarns will be listed in the bourses from today , February 24, 2010, the equity shares of Emmbi Polyarns Ltd will have (Scrip Code: 533161). DB Realty will be listed in the bourses from today, February 24, 2010, the equity shares of D B Realty Ltd will have (Scrip Code: 533160).
Infinite Computer Solutions India rose today by 7.3 percent after it said that it has entered into a strategic alliance with Motorola. The company also came out with result today Q3 2009-2010 consolidated net profit stood at Rs 20.45 crore and net sales stood at Rs 160.5 crore. OPM stood at 17.44% and EPS stood at Rs 5.35.
Volkswagen Polo which had a very good response in the Delhi introduction was released for public with pricing today and the starting rate is 4.43 lakh, this will be the first small car for india and its good they have priced it reasonably .Tehy will be having petrol version and also diesel version , But Petrol version will be available from March [...]
McNally Bharat Engineering Company Ltd has informed the market that it has bagged order for for Design, Engineering, Supply of Equipment, Civil Work, Structural work, Erection & Commissioning etc for construction for Border Out Post which will be running from the Indo-Bangladesh Border in the State of Tripura for National Projects Construction [...]
Flawless Diamond (India) Ltd has informed the market that the company has bagged order from CALDAZ FZC, Dubai for Polished Diamond / Designer Jewelery, which is worth INR 256 Million which is equivalent to 2560 lac INR or 25.60 crore.The order will be completed in 180 days or so . The stock went up on news but closed below opening price.
Siemens Ltd has informed the market that it has bagged orders worth 55 crore from Prakash Industries Ltd, the order is for design, engineering, manufacture, packing and forwarding, and supply of 100 MW Bleed Condensing Turbo Generator sets and supervision of its erection and commissioning. The order will be finished by August 2011.