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May 31, 2007
Parsvnath Developers - Next Township Parsvnath Paliwal City
Parsvnath Developers Ltd conducted the bhoomipujan of the ultra modern township Parsvnath Paliwal City, Panipat with a project cost of Rs 235 crores. The plots in the township would be ranging from 250 sq. mtrs. to 836 sq. mtrs. The Company would now develop the township in sector 38-39 of Panipat.They are planning to finish it by 2 years.
Posted by rupya at 9:59 PM
Raj TV Went down today on some news update
Raj Tv has announced the market that for now they have only license to broadcast two channels and which they are going to start sooner , but thing previously they had said that thwy are going to start 12 channels or so and they have approval for that , that may be the reason that Raj Tv is down today.
Posted by rupya at 9:55 PM
VSNL announces that its the first to launch WiMax service in India
Videsh Sanchar Nigam Ltd (VSNL) has announced that it has become the first Company to launch WiMax services in India. It has announced the commencement of these services for enterprise customers in Bangalore.but im not sure if thats true , thought we have WiMax from various other telecom providers , not sure i have to check out my previous posts.
Posted by rupya at 9:52 PM
Idea cellular and Spice Tele might merge
Idea and Spice Tele might for a deal in another week or so, thats what market is talkign about but it might be speculation also , i saw this first in moneycontrol , but i also saw this news some where else not sure , but Everyone knw that spice tele is planning for a IPO and its also doing a placement before IPO and Idea was buying in some good portion out of that , if this two company joins hand , they might be the third or fourth big Telecom operators in india.
Posted by rupya at 9:33 PM
May 30, 2007
Patel Engineering shares soared today as it secures Rs 518 crore order
Patel Engineering rose 2.60% to Rs 429.90 after it announced that the Company has bagged an annuity based Build Operate-Transfer (BOT) project worth Rs 518 crore from National Highways Authority of India (NHAI). The project would be located on NH-7 in the State of Andhra Pradesh under North-South Corridor (NHDP Phase II).
Posted by rupya at 5:27 PM
Simplex Infrastructure rose today because of order Win
Simplex Infrastructures rose to 7 percent at Rs 347.50 afterthe news of its order win for Rs 1055 crore.Simplex Infrastructures Net profit jumped 57.2% to Rs 17.29 crore in Q3 December 2006 (Rs 11 crore).
Posted by rupya at 5:17 PM
Delhi Aerotropolis a subsidary company formed by GMR Infra for Property development
GMR Infrastructure Ltd has informed that Delhi International Airport Ltd (DIAL), a subsidiary of the Company, has incorporated a Company named as 'Delhi Aerotropolis Pvt Ltd' on May 22, 2007 as its 100% subsidiary,they have formed this company to pursue thr business into commercial property development.
Posted by rupya at 5:11 PM
Stocks to watch - Unitech,Divis Lab,Bajaj Electricals and L&T
Stocks to watch -
Unitech - Bonus news and DLF IPO
Divis Lab - Impresssive results so still having the party mood
Bajaj Electricals - Bonus and Good results Mood and
L&T - Impressive Results and future plans.
Posted by rupya at 10:12 AM
Dividend Announcement - May 29 2007
Posted by rupya at 10:07 AM
Bajaj Electricals Declares BONUS and Quarter Results
| Bajaj Electricals stocks rose up today by 10 percent first reason is the Bonus Issue news and second is the impressive results . The company's Q4 net profit was at Rs 18.9 crore versus Rs 13.6 crore on YoY basis. It also approved 1:1 bonus issue. |
Posted by rupya at 12:39 AM
Listing of equity shares of MIC Electronics Ltd
The equity shares of MIC Electronics Ltd (Scrip Code: 532850) is to list in the 'B1' Group Securities from May 30 2007.
Posted by rupya at 12:34 AM
Listing of equity shares of Insecticides India on May 30 2007
The equity shares of Insecticides India Ltd (Scrip Code: 532851) is to list in the 'B1' Group Securities from May 30 2007.
Posted by rupya at 12:28 AM
May 29, 2007
L&T has come out with impressive Quarter Results
|
L&T has announced its fourth quarter and also yearly results. FY07 Data FY07 Net Profit is at Rs 1,403 crore vs Rs 1,317 crore. Net Sales are at Rs 17,579 crore. Q4 07 data Q4 Net Profit of the company is at Rs 700 crore vs Rs 466.8 crore. Q4 Net Sales are at Rs 6,248.24 crore vs Rs 4,627.9 crore. |
Posted by rupya at 2:55 PM
Gayatri Projects has secured Five new orders aggregating to Rs 455.40 crores
Gayatri Projects has secured Five new orders aggregating to Rs 455.40 crores:
1. Name of the Employer: The Superintending Engineer, G.N.S.S. Circle, T.G,P. Colony, KADAPA
Value of Work (Rs in Crores): 111.96
2. Name of the Employer: The Superintending Engineer, DummagudemProject Circle, Khammam
Value of Work (Rs in Crores): 281.61
3. Name of the Employer: The Superintending Engineer, I&CAD, Irrigation Circle, Dowlaiswaram
Value of Work (Rs in Crores): 17.10
4. Name of the Employer: The Superintending Engineer, I&CAD, Irrigation Circle, Dowlaiswaram
Value of Work (Rs in Crores): 13.50
5. Name of the Employer: The Superintending Engineer, I&CAD, Irrigation Circie, Dowlaiswaram
Value of Work (Rs in Crores): 31.23
Posted by rupya at 2:46 PM
Tantia Constructions recieves projects worth 178 crore
Tantia Constructions Ltd has informed BSE that they have bagged the following projects
1.Work: Construction and Development of State Highways in the District of Rohtas, State of Bihar,Segment: Infrastructure - Roads,Amount: Rs 113.45 crore approx
2.Work: Construction and Development of State Highways in the District of Districts Lakhisaral & Jamui State of Bihar,Segment: Infrastructure - Roads,Amount: Rs 64.84 crore approx
 | The Company with whatever data that was released to stock exchange as total of Rs 281.50 crores approx worth orders from CPWD in the last 3 months. |
Posted by rupya at 2:35 PM
Tata , Stan chart , HDFC and UTI Mutual Fund declares Dividend in various Funds
Posted by rupya at 12:09 AM
Dividend Announcement - May 28th 2007
Posted by rupya at 12:01 AM
May 28, 2007
CNX Nifty Junior and CNX 100 indices for Trading in F&O - JRNIFTY and CNX100
SEBI has approval futures and options contracts will be introduced on CNX NIFTY JUNIOR (JRNIFTY) and CNX 100 (CNX100) indices for trading in F&O segment w.e.f. June 1, 2007.
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Posted by rupya at 11:21 PM
Unitech Hotel IPO - the saga as started
Unitech Hotel is in the making , sources say that UNITECH might plan to hive off the hotel business into a new company called Unitech Hotels , they are planning to almost 25 hotels under its flagship name Unitech , they are also already approached by major infra funds and US Fund houses.Think this is too many surprises for Unitech today.
Posted by rupya at 11:10 PM
Decolight Ceramics IPO Subscription detail
Decolight Ceramics IPO : A manufacturer of vitrified ceramic tiles ,IPO closes on May 29 just one more day for closing the IPO is not yet fully subscribed , considered to be a ok IPO with ifrastruction growing at the rate of 30% , one can invest in this IPO.
Price band of Rs 45-54 per share
Plans to raise Rs 43.45 crore
Posted by rupya at 10:59 PM
IVR Prime IPO - Got nod from Sebi
So one more real estate company to hit the maket aftr DLF would be IVR PRIME ,IVR Prime IPO will be out in the next 45 days. It is expected to raise Rs 650-750 crore via diluting 18-21% stake.We will wait and see how the reponse is for DLF then IVR Prime will open.
Posted by rupya at 10:45 PM
Asahi Songwon Colors Limited IPO allotment status
Asahi Songwon Colors Limited IPO allotment status is ready .
Posted by rupya at 10:27 PM
Market closed in green but closed well below todays high
I was not able to see the opening today from home , i was busy attending a wedding and thats the time by phone came handy , i used the GRPS in my phone and connected to the wap site of BSEINDIA i have to say thats the one of the best wap site by means of usage i have seen , i tracked the market almost for 30 minutes through the phone , BSE Sensex, which stayed above the 14,500 level, for most past of the day, suddenly started declining in late afternoon trade, on heavy profit booking.It gained 59.44 points or 0.41% to settle at 14,397.89, There was nothing to worry for the market when it opened so market opened today with 175 points above previous close , Profit taking in the afternoon session saw the points decline to where it stands now .It almost stays 340 points below the Market all time high of 14723 points.
Posted by rupya at 7:05 PM
IVRCL Infrastructure declares its Quarter results - pretty imressive
IVRCL Infrastructure has announced its Q4 and FY07 results. The company has reported net profit of Rs 72.3 crore (Rs 723 million) in Q4 of FY07 as against Rs 43.8 crore (Rs 438 million) in Q4 of FY06 and revenue of Rs 1009.3 crore (Rs 10.09 billion) versus Rs 590.6 crore (Rs 5.9 billion).so the results are above expectation and this has been already witnessed in the market by the stock price going up by 20 rs.
Posted by rupya at 6:57 PM
Unitech Declares Quarterly and Yearly results
Just a warning please dont try to understand Untechs results , they always post a 1000% increase in net profit and sales ,Unitech has declared its FY07 numbers. The company has reported consolidated net profit of Rs 1305 crore (Rs 13.05 billion) versus Rs 87.7 crore (Rs 877 million) and consolidated revenue of Rs 3,388 crore (Rs 33.88 billion) versus Rs 954 crore (Rs 9.54 billion).FY07 EPS stood at Rs 16.07. and also as you know they have declared 1: 1 bonus , now they have a land bank of 475 Million sq ft compared to DLF land bank of 575 million , the figures that i have give over here is approximate , point i'm trying to make is Unitech is almost in the race to catch the top place.
Posted by rupya at 6:51 PM
UNITECH Bonus Issue
Whenever i see this stock my BP will go up and down , you will never know when the share is going uo or down suddenly it will be like locked down in upper circuit for 1 week and lower circuit for another week now for sure this stock is going top be locked in upper circuit for the reason that it has Issued of Bonus Shares in the ratio of 1:1., and also it has more reason to cheer , will come out with the results in later post.
Posted by rupya at 6:46 PM
Mahindra and Mahindra came today with the Quarter Results
They have posted
Net profit of Rs 236 crore versus Rs 155 crore in Q4 of FY06 (Excl Extraordinaries) and
Net sales of Rs 3,176 crore (Rs 31.76 billion) versus Rs 2,632 crore (Rs 26.32 billion).
For FY07, it has posted net sales of Rs 10,050.25 crore (Rs 100.5 billion) versus Rs 8,222 crore (Rs 82.22 billion).
Posted by rupya at 6:40 PM
Jain Irrigation buys into 50 percent of Naandan Irrigation Systems
Jain Irrigation Systems Ltd informed that it buys into 50.001% of the share capital of Naandan Irrigation Systems C.S. Ltd, Israel in all cash deal for an amount of $ 21.5 mn. Out of which a sum of $ 10.5 mn will be retained in Naandan for future growth of the Company.This would help Jain irrigation to spread its business all over the world , NaanDan Irrigation who are also into Drip water irrigation system have world wide distributors, it will help mutually both company in sharing the technology .
Posted by rupya at 6:33 PM
GMR Infrastructure add one more company to its list - GMR Aviation
GMR infrastructure today informed that they have acquired 100% of the paid up share capital of GMR Aviation Pvt Ltd, a Company engaged in rendering aviation services.so this will add to thr revenue .
Posted by rupya at 6:12 PM
VSNL announced quarter results today - Market not happy
VSNL announced its Q4FY07 result. Its Q4 net profit was up 17.7% at Rs 131 crore and the company registered 13% growth in revenues at Rs 1084.2 crore in Q4.The market is not happy with the performance , the stock is down after the results.
Posted by rupya at 1:36 PM
Divi's Lab - Impressive Quarter Results
| Result (Rs cr) | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 |
| Net Sales | 252.59 | 149.62 | 161.37 | 160.84 | 127.09 |
| Other Income | 3.40 | 2.45 | 3.41 | 4.36 | 2.58 |
| Total Income | 255.99 | 152.07 | 164.77 | 165.20 | 129.68 |
| Expenditure | -138.70 | -107.08 | -117.88 | -114.77 | -88.30 |
| Operating Profit | 117.29 | 44.99 | 46.89 | 50.43 | 41.38 |
| Interest | -4.06 | -3.81 | -0.65 | -2.06 | -2.14 |
| Gross Profit | 113.23 | 41.18 | 46.24 | 48.37 | 39.24 |
| Depreciation | -8.04 | -5.87 | -4.15 | -4.26 | -3.86 |
| Profit before Tax | 105.19 | 35.31 | 42.09 | 44.11 | 35.38 |
| Tax | -4.21 | -2.58 | -10.81 | -17.36 | -12.48 |
| Profit after Tax | 100.98 | 32.73 | 31.28 | 26.75 | 22.89 |
| Net Profit | 100.98 | 32.73 | 31.28 | 26.75 | 22.89 |
| Equity Capital | 12.91 | 12.82 | 12.82 | 12.82 | 12.82 |
Posted by rupya at 1:23 PM
Bharati Shipyard raises on news of 418 crore worth contracts
Bharati Shipyard Ltd has informed that Man Ferrostaal AG of Germany has ordered 2 Nos Latest Generation Large PSVs with the Company. The Contract value of each vessel is € 38 million totaling to € 76.00 million (i.e. App Rs 418 crore).Think they have 41 vessels to be built as of now and the order book value is around 3750 crore.
Posted by rupya at 1:19 PM
Indian Infoline zooms by 35 percent
Indian Infoline zooms by 35 percent on news of CLSA offcials joining India Infoline board , Still i dont knw what they are going to bring in , may be some of the CLSA clients , do you think just for that it should raise 35 percent infact more than that on a single day , what to say its a crazy market out thr.
Posted by rupya at 1:14 PM
May 26, 2007
Dividend Announcement - May 26 2007
Posted by rupya at 9:16 PM
Bhel announces Quarter results
BHEL as posted a net profit of Rs 11503.70 million for the quarter ended March 31, 2007 as compared to Rs 8679.50 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 57322.10 million for the quarter ended March 31, 2006 to Rs 72057.00 million for the quarter ended March 31, 2007.
Posted by rupya at 8:44 PM
Transcorp International to hold meeting for deciding on Bonus and Dividend
Transcorp International fixes May 28th as the date to meet and talk for Bonus Issue and final dividend.
Posted by rupya at 8:37 PM
Tata Tea and Tata Sons togeather buy 30 percent share holding of Enerygy Brands Inc USA
Tata Tea Ltd through its indirect UK subsidiary Tata Tea (GB) Investments Ltd, had acquired 25% of the shareholding of Energy Brands Inc; USA ("EBI") and Tata Sons Ltd through its subsidiary Tata Ltd (UK) had acquired 5% of the shareholding of EBI. The total value of 30% holding is US $ 677 million based on an Full valuation of EBI at US $ 2.2 Billion.
Posted by rupya at 8:33 PM
Ahluwalia Contracts India Bags 90 crore Civil Contruction contracts
Ahluwalia Contracts India Ltd has bagged three civil constructions contracts worth Rs 90 Crores.,
Contract details is as follows
1. Rs 26.00 Crore order from Reliance Communication ADAG for civil and structural work of corporate office, New Delhi.,
2.Rs 41.32 Crore from "M/s. Saluja Construction Co. Ltd" for construction of "The Verandas" premium Residential Complex at Gurgaon, and
3.Rs 22.45 Crore from "M/s. Agilent Technologies", for construction of IT campus at IMT Manesar, Haryana.
Order Book of the Company stands at Rs 1740 crores.
Posted by rupya at 8:27 PM
Orient Paper fixes June 15 2007 as record date for Dividend and Rights issue
Orient Paper & Industries Ltd has fixed June 15, 2007 as the Record Date for the purpose of payment of final dividend & right issue of Equity Shares.
Posted by rupya at 8:17 PM
May 25, 2007
Parsvnath Developers develops Group housing called Parsvnath Castle
Parsvnath Developers Ltd will develop a group housing, Parsvnath Castle in Rajpura, Punjab. The project will meet the increasing demand for housing in the city at an approximate sale worth of Rs 32 crores.Its part of the whole township project which is Parsvnath King Citi a mega 112 acres township project consisting of independent plots, villas, group housing, shopping mall with multiplex, schools, landscaped gardens etc. The township has a sale worth of Rs 250 crores approximately.
Posted by rupya at 4:09 PM
Inflation down to 5.27 from 5.44 percentage
Inflation for week ended May 12 at 5.27% vs 5.44%.Earlier thr was a rumor in the market saying if the inflation goes up RBI might raise the CRR again , which saw the market down by 180 points or so in the morning , after the Inflation data came out the market bounced back , making the rumour false.
Posted by rupya at 3:56 PM
DLF IPO was predicted to open on June 11th
DLF IPO is planned to open on June 10the 2007 , and the predicted price range for the IPO is around 500-550 rs ,DLF IPO files its Red Herring Prospectus with SEBI on 24th May 2007 for its forthcoming initial public offer. DLF is offering 175,000,000 equity shares of Rs 2 each to the public, through a 100% book building process. The issue comprises reservation of 1,000,000 equity shares of Rs. 2 each for subscription by the employees of the company and a net issue to the Public of 174,000,000 shares.
Posted by rupya at 3:50 PM
May 24, 2007
Central Bank of India IPO - Files for DRHP with sebi
Central Bank of India has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of its equity shares.
Proposed Equity:To issue 8 crore equity shares of Rs. 10 each for cash at a premium to be decided through a 100 per cent book building process.
For Central Bank IPO details
For Central Bank of India Subscription and
For Central Bank of India IPO allotment details come back here.
Source: Sebi
Posted by rupya at 11:01 PM
Accentia Technologies bags 2 Million dollar order for Realtime helath Care BPO from US Hospitals
Accentia Technologies Ltd has informed BSE that the Company has bagged USD 2 M order for Real Time Health Care BPO Solutions from one of the leading hospitals in USA. The Real Time Health Care BPO Solution developed by the Company is an extension to its popular offshore methodology branded as HEALTHDOX.
Posted by rupya at 10:58 PM
Sterlite Optical to design and work for MTNL on Boradband and Metro Ethernet Network
Sterlite Optical Technologies has announced that it has received a contract from MTNL for deployment of a Broadband & Metro Ethernet network in Delhi & Mumbai. The network, once completed, would be capable of handling about half a million broadband connections in these cities. The project is valued at Rs 169 Crores and would be completed during FY 2007-08 & FY 2008-09.
Posted by rupya at 10:56 PM
Petron Engineering Construction awarded 8 crore order from Zeeco
Petron Engineering Construction Ltd has informed that the Company has received Letter of Award from ZEECO INDIA (PVT) LTD for Assembly and Installation of the Flare Packages for Jamnagar Export Refinery Project in SEZ Notified Zone of Reliance Petroleum Ltd for a total value of Rs 7.76 Crores.
Posted by rupya at 10:55 PM
Advanta hit 20 percent upper circuit today
Advanta has touched an intra day high of Rs 974.10 and an intra day low of Rs 818.80. Currently, the share is quoting at Rs 974.10, up Rs 162.35, or 20%. I dont see any reason other than the news of "Decision to raise the FII limit from 22 to 49% " but these company are getting crazy .
Posted by rupya at 10:50 PM
Hilton Metal Forging listed above par but closed below par at 67.60
The stock was listed at Rs 72 on BSE vs issue price of Rs 70.It touched an intra day high of Rs 80 and an intra day low of Rs 66. At closing, the share was quoting at Rs 67.60, down Rs 2.4, or 3.43%. It traded with volumes of 13,249,222 shares.
Posted by rupya at 10:48 PM
Time Technoplast Ltd IPO Oversubscription detail
Time Technoplast Ltd IPO Oversubscription detail - TIme Technoplast IPO whcih finally closed yesterday
Total Issue Size 3921500
Total Bids Received 194323040
Total Bids Received at Cut-off Price 13396480
No. of times issue is subscribed 49.55
Retail side its oversubscribed by 12 times.
For Time Technoplast Ltd IPO Allotment status come back here.
Posted by rupya at 8:15 AM
Dividend Announcement - May 23rd 2007
Posted by rupya at 12:32 AM
Moser Baer produces the Worlds First High speed Blu-Ray Disc
Moser Baer India Ltd announced a major breakthrough in technology development in next generation optical media formats. The Company, along with recently acquired OM&T, the former R&D subsidiary of Philips, has developed the world's first high speed 8x Blu-ray disc (BDR). The Company was also the first Company in the world to ship the blue laser based HD DVD-R product to its global OEM customers.so with business coming in all areas from retail business to Blu-Ray the market is getting good for moser and its like the one which was thr 2 years before for Moser Baer.But one has to be very careful with Stocks like Moser Baer.
Posted by rupya at 12:13 AM
Bharat Earth Movers (BEML) into Mining Business by joining Midwest Granites - BEML Midwest
Bharat Earth Movers Ltd (BEML) has formed a Joint Venture (JV) Company named M/s. BEML Midwest Ltd has been incorporated jointly by the Company and M/s. Midwest Granite P Ltd to carry on in the business of mining activity. This JV Company is being formally launched on May 24, 2007 at Hyderabad.
Posted by rupya at 12:06 AM
May 23, 2007
Rajesh Exports bags export order worth 286 crore from Sharjah
Rajesh Exports Ltd (REL) has informed BSE that the Company has bagged an export order worth Rs 286 crores of gold jewellery from M/s. Excel Goldsmiths, Sharjah. This order is to be completed by September 30, 2007.
Posted by rupya at 11:55 PM
NIIT Technology Bonus Issue and announces Dividend
NIIT Technologies Ltd has recommended the following proposals, for the approval of the shareholders:
1. Recommended a dividend of Rs 6.50 per equity share (previous year: Rs 6.00 per equity share).
2. Issue of bonus shares on the Company's equity shares in the ratio of 1:2 .
Posted by rupya at 11:48 PM
Bharti Airtel joins into the 40 million Mobile Customer Club
S it was first Reliance communication who came out with news saying they are going into the rural news from that moment onwards both he big leaders are there with some or other news , now its some good news for Bharti Airtel , it has announced that the Company has crossed the 40 million-mobile customer milestone. With this, the Company becomes the first Indian mobile services provider and the 10th in the world to join an exclusive list of global telecom operators with more than 40 million customers front a single-country. This landmark customer base was achieved in just 12 years, making the Company one of the fastest companies to make it to this exclusive list.
Posted by rupya at 11:45 PM
RAJ TV hits 10% upper circuit again
RAJ TV hits 10% upper circuit again , Daily there is some or other news that is making this stock hit uppercircuit .Almost 1 lac shares ready to be BID but no selleres for the stock.
Posted by rupya at 11:10 AM
May 22, 2007
MIC Electronics IPO Allotment Status
MIC Electronics IPO Allotment Status is ready to be checked and its available here.
The site is too slow now please check again later.(Update May 22 5.30 PM)
Posted by rupya at 6:23 PM
Larsen & Toubro Ltd is the first to build the world's largest FCC Regenerators & Combustors for Reliance Petroleum
Larsen & Toubro Ltd (L&T) division of Heavy Engineering Division-Hazira Works, has successfully built one of the world's largest FCC Regenerators & Combustors for Reliance Petroleum Ltd's (RPL) export oriented refinery coming up at Jamnagar, Gujarat.
Posted by rupya at 3:42 PM
Motherson Sumi Systems Bonus News keeps the stock at 10 percent high
Motherson Sumi Systems announced in the board of meeting that is schedule to be on May 26th 2007 they will discuss on the Dividend Percentage and also Consider the issue of Bonus Shares to exisiting share holders.
Posted by rupya at 3:30 PM
ABB wins Electrification order worth 289 crores from DELHI Metro Rail
ABB Ltd has been awarded an order worth Rs 289 crores by Delhi Metro Rail Corporation Ltd. (DMRC). As part of this project, the Company will supply the turnkey electrification package for Phase II of the Metro line spanning ten corridors across parts of New Delhi and surrounding areas of Gurgaon and NOIDA.
Posted by rupya at 3:23 PM
Viacom inc and tv 18 group togeather to launch Viacom - 18
Viacom Inc and the TV18 Group on May 22, 2007 has announced the creation of a new 50 / 50 joint venture operation in India, Viacom-18. The strategic alliance will include television, film and digital media content across numerous brands to build India's leading multi-platform entertainment Company.Yet another channel coming on the list of channels that are already there.
Posted by rupya at 3:17 PM
RAJ TV shares on a row for the second day - Kalaignar TV
So after the Family fight , DMK started supporting RAJ Tv and they have nicely used this for thr good and they have already got 3 licenses for channels , One News Channel , one Music channel and another one Entertainment and News Channel and you guessed it right they have named the channel as "Kalaignar TV" as DMK patriarch and Chief Minister M Karunanidhi is popularly called.They litereally want to take the place of SUN TV , infact they are planning to have the Rising Sun as the Logo.
Update : It has Hit upper freeze now .Trying to buy some lot for tomorrow .
Posted by rupya at 10:56 AM
Dividend Announcement - May 21st 2007
Posted by rupya at 9:09 AM
May 21, 2007
Steel Authority of India Ltd (SAIL) declares Quarter Results today
It showed a 70% raise in Net Profit ,The Company has posted a net profit after tax of Rs 19018.80 million for the quarter ended March 31, 2007 where as the same was at Rs 11032.00 million for the quarter ended March 31, 2006. Total (net of excise) is Rs 106238.70 million for the quarter ended March 31, 2007 where as the same was at Rs 91553.10 million for the quarter ended March 31, 2006.
Posted by rupya at 10:46 PM
Bharti Airtel reduces the ISD rates for USA and Canada
Bharti Airtel Ltd has announced a 39% reduction in International Long Distance Tariffs (ISD) to USA and Canada for its mobile users in India.So from a tariff of 3.5 rs or so it has come down to 2 rs per minute to US.
Posted by rupya at 10:42 PM
Everest Kanto approves stock split and also recommends Dividend
Everest Kanto approves stock split & recommends dividend as follows
1. Recommended a dividend of 50% for the year ended March 31, 2007 (Previous Year 35%) subject to shareholder and other approvals.
2. Approved the split in the Face Value of Equity Shares from Rs 10 to Rs 2 subject to shareholders and other approvals.
Posted by rupya at 10:40 PM
Hanung Toys & Textiles wins Export order from US worth US dollar 65 million
Hanung Toys & Textiles Ltd has bagged an export order from a leading buyer, for exporting Home Furnishings to the extent of US $ 65 Million, during the three-year period covering calendar years 2007, 2008, and 2009 vide agreement dated May 10, 2007. In terms of above agreement, the Company expects the business with said buyer to reach a level of US $ 15 Million in 2007, US $ 20 Million in 2008 and US $ 30 Million in 2009.
Posted by rupya at 10:38 PM
Satyam Signs Multiyear Contract with Hawker Beechcraft Corporation
Satyam Computer Services has announced that it has signed a multiyear, multi-disciplinary service agreement with Hawker Beechcraft Corporation (HBC).The details of the contract worth and everything else will come later.
Posted by rupya at 10:36 PM
Parsvnath Developers announcedQuarter Results
The results for the Quarter ended March 31, 2007
The Company has posted a profit after tax of Rs 1324.38 million for the quarter ended March 31, 2007 as compared to Rs 374.66 million for the quarter ended March 31, 2006. Total Income has increased from Rs 2429.18 million for the quarter ended March 31, 2006 to Rs 4122.37 million for the quarter ended March 31, 2007.
Posted by rupya at 4:17 PM
Media Video launches Integrated Township project at rs 3000 Million Rs
Media Video Ltd under its real estate division is developing a 124 acres modern Township in Yamuna Nagar, Haryana, with a total saleable floor space of 6 Million Square Feet approx. The renowned real estate consulting firm - Trammell Crow Meghraj Property Consultants Pvt Ltd has already studied the project and the feasibility report submitted by it to the Company projects revenue of Rs 606 Crores from an investment outlay of Rs 405 crores.
Posted by rupya at 4:06 PM
i-flex Solutions Anti-Money Laundering tool MANTAS selected by Korean Exchange Bank
i-flex Solutions Ltd has informed that Mantas Inc., a business of the Company and a provider of regulatory compliance, loss prevention and revenue generation solutions, announced that Korea Exchange Bank, the country's largest foreign exchange bank, has purchased the Mantas Anti-Money Laundering Solution. Mantas was selected because of its reputation and expertise in designing solutions to meet global regulatory demands.
Posted by rupya at 3:51 PM
IVRCL Infrastructures secures two orders worth Rs 551.00 Crores togeather
IVRCL Infrastructures & Projects Ltd has announced that the Company has bagged orders of the value of Rs 551.00 Crores, we will go over the details as follows.
1. Relating to Investigation, Design, Supply and erection of components of the value of Rs 275.00 Crores.
2. To lift 8.10 TMC in 45 days from elevation +204 M to +236 M from foreshore Storage Reservoir-1 near Thimmapuram Village to Storage Reservoir-2 near Yellanur Village" of the value of Rs 276.00 Crores.
Posted by rupya at 2:59 PM
Gitanjali Gems adds DDamas Jewellery as a subsidary from joint venture
Gitanjali Gems Ltd has informed that D'Damas Jewellery (India) Pvt Ltd, a joint venture Company, has become the Company's 51% subsidiary.
Posted by rupya at 2:57 PM
3i infotech launches new global development center in chennai
3i Infotech Ltd announced the launch of its new Global Development Centre (GDC) in Chennai. The center will focus on the enhancement and development of thr insurance solution PREMIA, and the Kastle line of banking solution, as well as support the Company's organic growth in these areas. Spread over 2 lakh sq. ft., the seven storey GDC with a capacity of 2400 seats, will also house a State-of-the-Art Data Centre.Not sure where is this going to cvome it might be in the IT area or outskirts will keep you updates on this.
Posted by rupya at 2:55 PM
May 20, 2007
Barclays opens bank in India
Barclays Plc, the 300-year-old banking group from the U.K.,has 27 million customers and clients in more than 50 countries. In Barclays they have 123,000 people dedicated to a single aim: to create value for our customers and clients. They returned a record profit of £7.1bn in 2006.It has launched retail banking services in India with a range of credit cards, personal and business loans and investment products.
Posted by rupya at 9:51 PM
Dividend Announcement - May 18th 2007
Posted by rupya at 12:56 PM
Impex Ferro rights issue - in the making
Impex Ferro Tech Ltd has announced that the metting of the board memners of the Company will be held on May 28, 2007 to discuss issue of equity shares to existing shareholders on a right basis.
Posted by rupya at 12:50 PM
Nitin Fire Protection Industries Ltd IPO oversubscription details
Nitin Fire Protection Industries Ltd IPO oversubscription details is as follows
Total Issue Size 3390000
Total Bids Received 164339805
Total Bids Received at Cut-off Price 32324600
No. of times issue is subscribed 48.48
Retail side it got oversubscribed by 30 times.
For Nitin Fire protection IPO allotment status come back here
Posted by rupya at 12:47 PM
Reliance Gold Exchange Traded Fund (RGETF) files for DRHP with sebi
Reliance Gold Exchange Traded Fund
Reliance Gold Exchange Traded Fund (RGETF) an open ended Gold Exchange Traded Fund will track the performance of Gold Bullion. The units issued under the scheme will represents the value of gold held in the scheme. The units being offered will have a face value of Rs.100/- each and will be issued at a premium equivalent to the difference between the allotment price and the face value of Rs.100/-.RGETF offers investors a new, innovative, relatively cost efficient and secure way to access the gold market. The units are intended to offer investors a means of participating in the gold bullion market by buying and selling without the necessity of taking physical delivery of gold. The introduction of units of RGETF is intended to lower many of the barriers, such as purity, access, custody and transaction costs, that have prevented some investors from investing in gold.
ETFs are bought/sold as mentioned below:
a. Large investors and authorized participants swap creation units for gold in physical form or in
the form of cash.
b. The secondary markets where the ETFs are traded like units of common securities on the stock exchange(s) during the trading hours.
Posted by rupya at 11:13 AM
UTI and LIC Mutual Fund delcares dividend in UTI Banking Sector Fund and LIC MF Tax Plan
UTI Mutual fund has declared 35% tax free dividend in its UTI Banking Sector Fund, Rs 3.50 on share of Rs 10 face value each.
LIC Mutual Fund has announced a dividend of 10% (Rs 1 unit at face value of Rs 10) in LIC MF Tax Plan an open-ended ELSS scheme
Posted by rupya at 11:00 AM
Lotus India Mutual Fund brought down minimum SIP amount to 100 rs
Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, announced that starting from May 15, 2007 all investments in Lotus India Contra Fund through a Systematic Investment Plan (SIP) will not have any entry load at all and also they have reduced the minimum SIP amount to Rs. 100/- a month which will be usefull for all class of retail investors. Lotus India Contra Fund is an open-ended equity scheme which aims to generate capital appreciation through the Contrarian style of investing.
Posted by rupya at 10:36 AM
Dr Reddy's lab and Sun pharma comes out with Quarter results
Dr Reddy's has declared its fourth quarter and FY07 results. The company's FY07 net profit was at USD 215 million and revenue of USD 1.5 billion (US GAAP).
Sun Pharma has declared its fourth quarter and FY07 results. The company's FY07 net profit was at Rs 629 crore versus Rs 461.3 crore on standalone basis.
Posted by rupya at 12:09 AM
Tata Steel announces Q4 results
Tata Steel Q4 result has been announced. It has posted net profit of Rs 1103.5 crore in Q4 versus Rs 783.1 crore on YoY basis.
Posted by rupya at 12:07 AM
Bajaj Auto and Tata motors come out with Quarter results
Bajaj Auto declared its Q4 FY07 result. Its Q4 standalone net profit was down 9.3% at Rs 308 crore versus Rs 339.5 crore.
Tata Motors has announced its Q4FY07 results. It posted Q4 standalone net profit of Rs 576.7 crore versus Rs 458.1 crore on YoY basis.
Posted by rupya at 12:00 AM
May 19, 2007
Federal Bank and Max india announced Quarter results
Federal Bank announced its Q4FY07 and FY07 result. The bank has posted FY07 net profit of Rs 293 crore versus Rs 225.1 crore, YoY basis.
Max India announced its Q4 numbers. Its Q4 net loss of Rs 3.82 crore versus profit of Rs 4.8 crore in Q4FY06.
Posted by rupya at 11:59 PM
Aditya Birla group retail store to be renamed as More store
Aditya brila group thought its not yet in the race of retail business which reliance and pantaloon or quitly winning, i hear you saying that it already acqured trinethra for that m but it feels like thats not enough and so it has come up with a idea oif renaming the stores to "More" and offering in the organised retail landscape. Birlas hope to replicate these scenes at its 1000 supermarkets, with 15 such stores rolling out in Pune next month. Hypermarket is the other format the group plans to enter. And for this retail foray, the group plans an investment of 7 to 8 thousand crore rupees.
Posted by rupya at 11:49 PM
May 18, 2007
Inflation declined to 5.44 per cent from 5.66
Inflation declined to 5.44 per cent for the week ended May 5 against 5.66 per cent in the previous week owing to lower prices of essential food items and some manufactured products.The wholesale price-based inflation stood at 4.37 per cent during the corresponding week of previous year.
The decline in inflation would ease pressure on the Reserve Bank to take any monetary tightening measures after refraining from them in its annual monetary policy.This is some good news for the Banking sector .
Posted by rupya at 4:45 PM
Parsvnath builders to construct aircondtioned mall at sonepat
Parsvnath to redefine shopping experience at Sonepat; launches magnificent shopping mall. the Company has announced the launch of a fully air-conditioned Commercial Mall in Sonepat on May 18, 2007. This marks the opening of bookings for commercial space in this coveted upcoming property.
Posted by rupya at 4:41 PM
Karuturi Networks acquires 100 percent stake in Estel Communication
Karuturi Networks Ltd has acquired 100% Stake and Management Control in Estel communications Pvt Ltd, a Delhi Based, Category A Internet Service Provider which was jointly promoted by a Nasdaq listed Company and a Delhi group, focusing on providing end to end Network Solutions to several Corporates in the IT and ITES sector.This would be helpfull for them to capture some more market around all the areas in India , we will see if it wins against big company like BSNL , Reliance, Airtel and more.
Posted by rupya at 4:33 PM
Larsen & Toubro Ltd bagged two orders worth 412 crores
Larsen & Toubro Ltd bagged 2 projects worth around 412 crores.
A) Rs 332 crore Engineer-Procure-Construct (EPC) lift irrigation contract was bagged by the Company and its JV partner Kirloskar Brothers Ltd from the Irrigation & Command Area Development Dept (ICAD), Government of Andhra Pradesh.
B)In another development the Company has bagged an order valued over Rs 80 crores from Rashtriya Ispat Nigam Ltd (RINL).
Posted by rupya at 4:26 PM
GAIL-HPCL signs join veture agreement for rajasthan city gas project
Gail India Ltd has signed a Joint Venture agreement for City Gas Distribution projects in Rajasthan.
Posted by rupya at 4:21 PM
Decolight Ceramics Ltd IPO opens on May 24th 2007
Issue Snapshot
Issue Size : 8045555 (Number of Shares)
Par value : Rs45.00 to 54.00
Offer Price : Rs 45.00
Open Date : 24-05-2007
Close Date : 29-05-2007
Aggregate : N.A.
Lead Manager: IDBI Capital Market Services Ltd
Listing : Mumbai
Minimum Application : 100.00
Post Equity Capital : 0
Registrar : Intime Spectrum Registry Ltd
Promoters : Girishkumar M Pethapara Kantibhai M Pethapara Jayantilal M Pethapara Hansaben G Pethapara Hemalkumar G Pethapara
For Decolight Ceramics Ltd IPO subscription details
For Decolight Ceramics Ltd IPO allotment details come back here.
Posted by rupya at 10:32 AM
Baja Auto forms two subsideries Bajaj Holding and Investment and Bajaj Finserv limited
Key elements of the Scheme
1. BAL has formed two subsidiaries viz.
i. Bajaj Holdings and Investment Ltd (BHIL)
Shares under BHIL - 43.5 million shares of Rs 10 each i.e. Rs 435.0 million.
Business:
The auto business of the Company along with all assets and liabilities pertaining thereto, including investments in PT Bajaj Auto Indonesia and in a few vendor Companies, would be transferred to BHIL. In addition a total of Rs 15,000 million in cash and cash equivalents would be transferred to BHIL.
ii. Bajaj Finserv Ltd (BFL).
Shares under BFL - 43.5 million shares of Rs 5 each i.e. Rs 217.5 million.
Business:
The wind power project, investments in the insurance companies viz, BALICL, BAGICL and investment in the consumer finance Company BAFL along with relevant assets and liabilities would be transferred to BFL. In addition a total of Rs 8,000 million in cash and cash equivalents would be transferred to BFL.
2.What is Bajaj Auto going to hold ?
The remaining assets and liabilities including investments in group Companies and balance cash and cash equivalents would be retained in the existing BAL.
3.Finally what is Bajaj Auto going to be renamed as and what else is going to be renamed to Baja Auto?
As part of the Scheme, Bajaj Holdings and Investment Ltd (which would be the new auto Company) would be renamed as Bajaj Auto Ltd and the existing Bajaj Auto Ltd would be renamed as Bajaj Holdings and Investment Ltd, (which would act as the primary investment Company). Requisite changes would be made in the respective charter documents of these companies.
4.What will Shareholders of Bajaj Auto will get now .
All shareholders in existing BAL on the record date would become shareholders in each of the new Companies and would be issued shares of the two new Companies in the ratio 1:1.
After such issuance, each shareholder would, for every share held in existing Bajaj Auto Ltd.
a. continue to hold. one share of BHIL (existing BAL) of face value of Rs 10 each fully paid up.
b. be allotted one share of the new BAL (existing BHIL) of face value of Rs 10 each filly paid up and
c. be allotted one share of BFL of face value of Rs 5 each fully paid up.
Finally 100 shares of existing baja auto will get totally 300 shares of 3 company each company 100 shares.
Posted by rupya at 10:21 AM
Bharti AirtelLifetime prepaid at lowest price of 495 rs only
Bharti Airtel Ltd in a race to reliance communications various plans that was introduced in a week time has announced that the Company on May 17, 2007 has introduced its popular Lifetime Prepaid at a lower price point of Rs 495/- only. The Company is the first mobile services provider in the country to offer Lifetime Prepaid at this price point. So we will see how much of the subscribers base Airtel is trying to acquire.
Posted by rupya at 10:12 AM
Dabur to call its retail store as H & B stores
Dabur's entry into retail business, Dabur India Ltd has informed that a wholly owned subsidiary with the name "H & B Stores Ltd" has been incorporated with the office of Registrar of Companies on May 14, 2007.So Dabur is also in the race to capture retail market pie , will see if it eats the pie or ?.
Posted by rupya at 10:04 AM
Dividend Announcement - May 17th 2007 - Tata Steel ,Bajaj Auto , Voltas and more
Posted by rupya at 9:50 AM
May 17, 2007
Senses reaches past 3 week high on straight second day
Market rose today also and at 12.01 pm market is almost high by 180 points , Firm global markets have been aiding the rally in the Indian markets. From a recent low of 13,771.23 on 10 May 2007, the Sensex gained 356.08 points, or 2.58%, to 14,127.31 on 16 May 2007 in four trading sessions.
Posted by rupya at 1:34 PM
Bhagwati Banquets and Hotels listed today on the Bourses
Bhagwati Banquets and Hotels listed today on the Bourses at 46 rs against the issue price of 40 rs and wnet to a high of 49 rs.
you can track the share here :
http://www.bseindia.com/price_finder/stockreach.asp?scripcd=532845
Posted by rupya at 1:26 PM
ICICI Bank IPO - ICICI BANK FPO to raise Rs 20,125 cr via FPO
ICICI Bank is planning to raise over 20000 crore through Follow on Public Offer of equity shares and American Depository Shares for augment their capital base to meet their future capital adequacy and to meet requirements arising out of growth in their businesses and for other general corporate purposes.and for the same they have submitted the red herring prospectus with SEBI.
Posted by rupya at 12:24 AM
Dividend Announcement - May 16th 2007
Posted by rupya at 12:22 AM
Bhagwati Banquets and Hotels Ltd listing on May 17th 2007
IPO listing date & Info:
Listing On: Thursday, May 17, 2007
BSE Script Code: 532845
NSE Symbol: BHAGWATIHO
Listing in: B1 Group
ISIN: INE797H01018
Issue Price: Rs.40 Per share (Face Value of Rs. 10/-)
Posted by rupya at 12:04 AM
May 16, 2007
Videsh Sanchar Nigam to diversify its foot print of Wi-Fi service
Videsh Sanchar Nigam Ltd (VSNL) has announced that the Company has drawn up major plans to enhance its Wi-Fi service in India as part of its strategy to tap into the huge growing on the move market.Already all the metros are getting lot of Wi-Fi hotspots and now VSNL is trying to get its pie , its planning to set almost 1000 Wi-Fi spots all over india.
Posted by rupya at 5:55 PM
United Spirits acquires scotch distillers Whyte and Mackayfor 595 million pounds
United Spirits acquires premium Scotch Distillers Whyte & Mackay £595m 100 percent fully acquired .So he has one more scoth bottle in his BAR.
Posted by rupya at 5:52 PM
Polar Pharma and CUPID gets order worth 10 crore each from Indian gorvenment
Polar Pharma and CUPID gets two seperate order each for supply of 85 million pieces (mpc.) of Male Condoms amounting to Rs 1067.94 lacs for one order from Ministry of Health & Family Welfare, Government of India.This is what they say raining condoms.:)
Posted by rupya at 5:48 PM
Raj TV continues to raise - Troubles to SUN TV makes Raj TV happy
Raj TV which came up with a IPO like 3 or 4 months back was not fully subscribed on the given 5 days and it was later extended for another 5 days , the same stock was like up by 40 % from starting this week .Raj Television has touched an intra day high of Rs 264.45 and an intra day low of Rs 233.30. Currently, the share is quoting at Rs 257.90, up Rs 30.50, or 13.41%. It is trading with volumes of 393,718 shares, compared to its 5-day average of 729,732 shares. Yesterday the share closed up 20% or Rs 37.90 at Rs 227.40. The stock has appreciated almost 40% since Monday.
The issue that is going on between DMK party and SUN TV is getting thicker day by day and also there are talks that DMK might support RAJ TV instead of SUN TV which might get more programs and good news fro RAJ TV and also RAJ TV with the IPO money in hand they are planmning to enter DTH services IPTV and more these all are considered as reason for RAJ TV stock's price raise.
Posted by rupya at 12:58 PM
Asahi Songwon Colors IPO subscribed by mere 1.85 times
Asahi Songwon Colors manufacturer on pigments IPO has subscribed by mere 1.85 times.The issue closed on May 15, 2007 and the price band was at Rs 90-108 for equity share of Rs 10 each.
Subscription Details
Total Issue Size :3722222
Total Bids Received:6880800
Total Bids Received at Cut-off Price:442740
No. of times issue is subscribed:1.85
Posted by rupya at 10:13 AM
OM Metals Infraprojects secures order worth 158 crore from NHPC
OM Metals Infraprojects Ltd has secured order for executing Hydro mechanical works for Teesta Low Dam HE project (Stage-IV) and Uri-II HE project valued at approximately Rs 158 crore from National Hydroelectric Power Corporation Ltd.
Posted by rupya at 10:09 AM
Dividend declared on April 15th 2007
Posted by rupya at 9:18 AM
May 15, 2007
RTS Power Corporation secures order worth 18 crore
RTS Power Corporation has announced that the Company has bagged new Orders worth Rs 182.50 Million in its Power & EHV Units at Jaipur for the supply of Power Transformers from Power Utilities .
Posted by rupya at 3:03 PM
Jaihind Projects wins order from GAIL for 153 crores
Jaihind Projects Ltd informed that Jaihind Projects consortium has bagged order of Rs 153 Crores in from GAIL for executing Dabhol Panvel-Pipeline Project (Phase-II)-Part-A.
Posted by rupya at 2:58 PM
May 14, 2007
Television Eighteen and infosys together brings Source 18
Television Eighteen India together with Infosys BPO announced a strategic alliance with TV 18 Group, India's leading full play media conglomerate to launch SOURCE 18. SOURCE 18 will provide a full Spectrum of services to Media and Entertainment companies globally.
Posted by rupya at 11:39 PM
DMC International recommends bonus issue in the ration of 1 is to 1
DMC board recommended the issue of bonus shares to the shareholders of the Company in the ratio of one equity share for every one equity share held in the Company by capitalization of the Share Premium Account of the Company.
Posted by rupya at 11:36 PM
Dividend declared on April 14th 2007
Posted by rupya at 11:29 PM
Bank of Rajasthan declares Bonus and Dividend
Bank of Rajasthan Ltd has recommended Bonus and Dividend and as informed the exchanges as hereby
1. Recommended a dividend of 20% for the year 2006-2007.
2. Recommended issuing bonus shares in the ratio of one equity shares for every four equity shares held to the existing shareholders who holds the shares on record date.
Bonus of (1:4 shares)
Posted by rupya at 2:48 PM
Sobha Developers Results - Announced fy07 q4 results
Sobha Developers has announced its FY07 Q4 result. reported Q4 net profit of Rs 61.9 crore versus Rs 45.7 crore, QoQ and net sales in Q4 was up at Rs 357 crore versus Rs 297.6 crore, QoQ.
Posted by rupya at 2:42 PM
LIC Housing Finance declared Q4 2007 results
LIC Housing Finance has announced its Q4 and annual results. Its Q4FY07 net profit was up at Rs 89 crore versus Rs 41 crore, YoY.Its FY07 net profit was up at Rs 279 crore versus Rs 208 crore, YoY.I had recomended this in the previos quarter itself , the real estate market booming like anything retailers would have applied for housing loan a lot that would have helped LIC and SBI a lot .Stock already trading today up by 6 percent.
Posted by rupya at 2:39 PM
Punjab Lloyd wins project worth 123 crores from gail
Punj Lloyd wins a contract from GAIL (India) for executing a contract for Phase II of Panvel Dabhol Pipeline Project.Which is valued for Rs 122.65 crores.
Posted by rupya at 2:30 PM
State bank of india declares Quarter results - Beat expectation
SBI (Stata Bank of India) has announced its quarter four 2007 results and annual results. Its Q4 net profit was up 75% at Rs 1493.2 crore versus Rs 853.3 crorein Q4 of last fiscal. The banks FY07 net profit stood at Rs 4541.3 crore versus Rs 4406 crore in FY06, up 3%.
Net Interest Income
>Q4 Net interest income of the bank was up 21.5% at Rs 4320.1 crore versus Rs 3554.6 crore, YoY.
>Its FY07 Net interest income was up 2.7% at Rs 16054 crore versus Rs 15635.6 crore, YoY.
Other Income
The Q4 provisions of the bank was up 5.5% at Rs 1412 crore versus Rs 1339 crore, YoY. Other income in Q4 was up 8.1% at Rs 2894.3 crore versus Rs 2677 crore.
Posted by rupya at 10:31 AM
PowerYourTrade get a new look and feel
Poweryourtrade.com a flagship website of moneycontrol.com and CNBC TV18 has a new look and feel and more real estate , Its paid service from Moneycontrol.com where you can get latest info on the market results and everything and also daily market recommendations from so called technical analyst.
Posted by rupya at 10:13 AM
May 12, 2007
Dividend declared for May 11th 2007 -Hero Honda declares 850 percent dividend
Posted by rupya at 10:23 PM
HSBC Advantage india fund and Principal large cap fund declares dividend
Principal Large Cap Fund (D) fixes Book closure as 15/05/07 for 1.5 rs per unit Dividend
HSBC Advantage India Fund (D) fixes Book closure as 11/05/07 for 1.0 rs per unit Dividend
Posted by rupya at 10:15 PM
Suryachakra Power IPO gets nod from SEBI
Company Synopsis
The Company is actively engaged in generation of power in line with the National Policy. The company had set up 20 MW Power Plant in a remote area near Port Blair, in Andaman Islands at a project cost of Rs. 850 millions. In just 2 years of operation of the plant, company has achieved an annual turnover of Rs.800 millions and targeted to touch the magic figure of Rs.1 billion shortly.
IPO Details :
The Company had a nod from sebi for issue of 3.4 crore equity shares of Rs 10 each through the book building route.The fund is going to be used for investments in MSM Energy which is a subsidiary of Suryachakra Power.
For Suryachakra Power IPO Info
For Suryachakra Power IPO subscription Info
For Suryachakra Power IPO Allotment details
Come back here.
Posted by rupya at 9:40 PM
Insecticides IPO subscribed by 1.97 times
Insecticides IPO subscribed only by mere 1.97 times , they are into manufacturing and distribution of plant protection chemicals and house hold pesticides, Retail portion is subscribed by almost 5 times.
For Insecticides IPO allotment status come back here.
Posted by rupya at 6:35 PM
India's Inflation is at 5.66 percent .10 percent less that previous data
India's wholesale price index rose 5.66% in the 12 months to 28 April 2007, lower than the previous week's increase of 5.77% per annum due to a decline in some food prices.This helped all bank stocks to soar on Friday.
Posted by rupya at 6:28 PM
India's industrial production raises - Helped the market to change its track during closing
India's industrial production rose 12.9% per annum in March 2007, from a year earlier, higher than downwardly revised annual growth of 10.8% in February, due to strong manufacturing output, government data showed on Friday, 11 May 2007. Analysts had forecast annual industrial output growth of 10.40%.
Posted by rupya at 6:26 PM
May 10, 2007
Market went up and closed down in negative - why
What was considered to be a good market when it started , finally closed down by 10 points or so , The 30-share BSE Sensex lost 10.28 points, or 0.07%, to 13,771.23.The sharp fall happened only at the end of the market before that the Sensex had moved between 13,920 to 13,960, which was a gain of about 140 to 180 points for the day.The reason that is hovering around is the results of the election results from uttar pradesh tomorrow and also subdued and weak European market which made the market worry.
Posted by rupya at 10:47 PM
Prathiba industries bags order worth 222 crores
Pratibha Industries Ltd has won a contract from Municipal Corporation of Brihanmumbai for construction of a Tunnel and allied works at Modak Sagar for transportation of water in joint venture of Ostu - Stettin Hoch u Tiefbau GmbH, an Austrian Company. The value of the contact is Rs 222.52 crores. the project is going to be executes in 4 years and this is second order in a row.
Posted by rupya at 1:12 PM
Feds keep the benchmark rates unchanged at 5.25 percent
The Federal Reserve has kept the benchmark rates unchanged at 5.25% and raised concerns on raising inflation.
Posted by rupya at 10:30 AM
May 9, 2007
Jain irrigation Result - is loosing the shine - not my stock anymore
Jain irrigation - i was waiting for the march quarter results for jain irrigation and was not able to see it until today and when i saw that today it dint really impress me and im saying that god i sold at 450 the lot i had and had booked some profit , the Sales as increased but the raw materials cost also increased togeather ,The prodit is less that previous years march profit and also previous Quater profit , Not sure why there is a huge taxation this time need to analyse on that think that as eaten the Profit a lot .EPS is also down with imcrease in promoters stake.
Jain Irrigation Systems earnings went down 22.12% to Rs 258.50 million for the quarter ended Mar. 31, 2007 compared with Rs 331.90 million for the same quarter, a year ago.Earnings per share (EPS) for the quarter slipped 10.66% to Rs 4.44 compared with Rs 4.97 for the same quarter, a year ago.
Posted by rupya at 3:07 PM
Lupin , GAIL and Kotak Mahindra Bank comes out with Quarter results
Lupin has announced its fourth quarter results of FY07 and reported Q4 net profit of Rs 137.1 crore.
GAIL India has declared Q4 net profit was up at Rs 680.7 crore from Rs 409.2 crore.
Kotak Mahindra Bank has registered profit after tax of Rs 170.3 crore in fourth quarter of FY07 versus Rs 156.34 crore in Q4 of FY06.
Posted by rupya at 2:59 PM
Kalindee Rail Nirman and Mirc electronics declare Quarter results
Kalindee Rail Nirman has reported net profit of Rs 3.67 crore in fourth quarter of FY07 compared to Rs 95 lakh in same quarter of FY06.
Mirc Electronics has posted net profit of Rs 5.17 crore in Q4 FY07 as against Rs 4.03 crore in Q4 FY06.
Posted by rupya at 2:57 PM
SBI Infrastructure Fund - Series I - New Fund Offer
Issue Open : 11-May-2007 to 08-Jun-2007
Scheme Objective :
SBI Infrastructure Fund - Series I, is a close ended equity scheme. The investment objective of the scheme is to provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of equity stocks of companies directly or indirectly involved in the infrastructure growth in the Indian economy and in debt & money market instruments.
Mutual Fund Family : SBI Funds Management Private Limited
Fund Class : Equity Diversified
Fund Type : Close-Ended
Investment plan : Growth
Comment : By now we have seen lot of mutual fund dealing with infrastructure some are doing good in infrastructure side but not all , im thinking SBI might allocate the fund correctly so one can invest some in SBI Infrastructure Fund Limited for long term gain.
Posted by rupya at 2:44 PM
Sundaram finance raises on news of stake sale in Housing finance to Paribas
BNP Paribas to acquire 49.9% stake in Sundaram Home Fin for Rs 197 Cr; Sundaram Home Fin is 100% subsidiary of Sundaram Finance .The joint venture will be named Sundaram BNP Paribas Home Finance Limited.
Posted by rupya at 2:38 PM
Kirloskar Brothers recieves order from NTPC
Kirloskar Brothers recieves order from NTPC electric supply company for the supply of equipments/materials, installation, testing, commissioning and completion of facility for Rural Electrification work in the District of Jamtara of Jharkhand.The total contract is of Rs 81.55 crores.
Posted by rupya at 12:40 PM
Fortis Healthcare lists today at the market
Fortis healthcare lists today at 106 rs against the issue price of 108 rs , and now trading at 102 rs almost down by 5 %, think the day was not good for fortis healthcare market is weak and that might have added to it ot else it might have atleast opened above the ipo price.
Posted by rupya at 12:38 PM
SBI Magnum Contra fund and Tata Services Industries fund declares Dvidend
Magnum Contra Fund (D) fixes Book closure of 11/05/07 for 4.000 per unit Dividend
Tata Service Indus fixes Book closure of 11/05/07 for 2.500 per unit Dividend.
Posted by rupya at 10:35 AM
Brahamputra Consortium IPO Files for DRHP with SEBI
Brahamputra Consortium, an infrastructure project company, has filed itsDRHP with SEBI, to enter the capital market with an initial public offer through 100% book building process.The fund would be utilized for purchasing capital equipment, augmenting its working capital requirements and investment in BOT projects.The company plans to issue 42 lakh equity shares of Rs. 10 each at a price band to be decided later.
For Brahamputra Consortium IPO Prospectus
For Brahamputra Consortium IPO subscription Details and
For Brahamputra Consortium IPO Allotment details come back here.
Posted by rupya at 10:31 AM
MIC Electronics Limited IPO oversubscription details
MIC Electronics Limited which closed yesterday was well taken by the retailers and finally closed by subscribing by 50 times.
Total Issue Size : 5100000
Total Bids Received : 257986305
Total Bids Received at Cut-off Price : 53686755
No. of times issue is subscribed : 50.59
For MIC Electronics Limited IPO Allotment status come back here.
Posted by rupya at 10:18 AM
Nitin Fire Protection IPO open on May 15th
Nitin Fire Protection Industries Limited (“NFPIL” or the “Company”), is entering the capital market with an IPO of 33,90,000 Equity Shares of Rs 10 each with an employee reservation of 1,50,000 equity shares for cash at a premium to be decided through the 100% Book-Building Process.
Price Band
Price Band of the Issue has been fixed between Rs 171 and Rs 190 per Equity Share.
Issue Date
Issue opens on May 15, 2007 and closes on May 18, 2007.
For Nitin Fire Protection IPO Subscription details and
For Nitin Fire Protection IPO Allotment Status
please check back here.
Posted by rupya at 10:10 AM
Dividend declared for May 8th 2007
Posted by rupya at 9:33 AM
May 8, 2007
Tech Mahendra delcared its Quarterly Results
Its Q4 consolidated net profit before exceptional item stood at Rs 196 crore (Rs 1.96 billion) versus Rs 166.8 crore (1.66 billion), QoQ.Its consolidated net loss after exceptional item stood at Rs 329 crore (Rs 3.29 billion). It incurred one-time exceptional item of Rs 525 crore (Rs 5.25 billion), This is because of the one time paymet to British Telecom.
Posted by rupya at 1:35 PM
Tech Mahendra delcared its Quarterly Results
Its Q4 consolidated net profit before exceptional item stood at Rs 196 crore (Rs 1.96 billion) versus Rs 166.8 crore (1.66 billion), QoQ.Its consolidated net loss after exceptional item stood at Rs 329 crore (Rs 3.29 billion). It incurred one-time exceptional item of Rs 525 crore (Rs 5.25 billion), This is because of the one time paymet to British Telecom.
Posted by rupya at 1:35 PM
DLF IPO - Finally gets a go from SEBI
Delhi based Real Estate major DLF has got a go signal from SEBI for its DLF IPO, So they are planning to dilute 10% of the Equity .DLF was planning an IPO of 17.5 cr shares worth USD 2.5 billion (Rs 11,000 crore) of Rs 2 each through 100% book building process.
Posted by rupya at 1:32 PM
IFC arm of world bank to invest 100 crore in Moser Baer
Moser Baer Photo Voltaic Ltd (MBPV) and IFC, the private sector arm of the World Bank Group, on May 07, 2007 jointly announced that IFC will fund USD 22.5 million (INR 100 crore) to MBPV.
Posted by rupya at 1:30 PM
Larsen & Toubro Ltd has bagged order worth 215 crore from Abu dhabi water supply
Larsen and Toubro Ltd (L&T) has bagged an order worth Rs 215 crore (USD 51.7 million and AED 189.93 million) from the Abu Dhabi Water & Electricity Authority for the supply and installation 33 kV power cables and fibre optic cables for inter connections between various substations in the eastern region of Abu Dhabi Area.
Posted by rupya at 1:27 PM
Kavveri Telecom gets into agreement with Erricson
Kavveri Telecom Products Ltd has entered into an agreement with M/s. Ericsson India Pvt Ltd. far the Supply of Products to be used by them for provision of telecommunication services to its customers throughout India. they have signed the agreement for 3 years .the order is worth around 50 crores for three years.
Posted by rupya at 1:24 PM
DMC international and Yashraj Securities to consider Bonus Issue
DMC International Board to consider bonus issue
Yashraj Securities Board to consider stock split, bonus issue & dividend
Posted by rupya at 9:23 AM
Dividend announced on May 7th 2007
Posted by rupya at 9:20 AM
May 7, 2007
Jammu and Kashmir Bank announces Q4 & FY 07 results
Jammu & Kashmir Bank Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:
The results for the Quarter ended March 31, 2007
The Bank has posted a net profit of Rs 452.80 million for the quarter ended March 31, 2007 as compared to Rs 227.90 million for the quarter ended March 31, 2006. Total Income has increased from Rs 4936.50 million for the quarter ended March 31, 2006 to Rs 5750.20 million for the quarter ended March 31, 2007.
The results for the Year ended March 31, 2007
The Bank has posted a net profit of Rs 2744.90 million for the year ended March 31, 2007 as compared to Rs 1768.30 million for the year ended March 31, 2006. Total Income has increased from Rs 18171.00 million for the year ended March 31, 2006 to Rs 20595.40 million for the year ended March 31, 2007.
Posted by rupya at 2:40 PM
Patel Engineering and Prathiba industries togeather secures Rs 156.68 Cr project from BMC in JV
Patel Engineering Ltd on May 07, 2007 has announced that the Company has bagged a order worth Rs 156.68 crore from Brihanmumbai Municipal Corporation (BMC) for construction of tunnel from Malabar Hill to Cross Maidan in the city of Mumbai. The project will be executed in a joint venture with Pratibha Industries, with the Company as the lead partner in the venture. This is the second tunnel project Company has bagged by the Company. Recently the Company had bagged a tunnel from Veravali TO Yari Road to be done by tunnel boring machine.
Posted by rupya at 2:39 PM
Maruti launches SX4 sedan in the premium A3 segment
Maruti Udyog Ltd has announced that May 07, 2007 the Company has launched SX4 sedan, a bold, muscular and feature-packed car, powered by the global M-series engine and built on a brand new platform.
SX4 sedan is the second global car, after the Swift, from Suzuki Motor Corporation, the parent Company of the Company. SX4 Sedan is making its debut in India, before being launched in Europe and Japan.
Maruti has priced the new SX4 sedan at Rs 6.18 lakh for VXi model (Ex-Delhi) and Rs 6.85 lakh for ZXi model (Ex-Delhi). The company says these are introductory prices.
Posted by rupya at 2:29 PM
Asahi Songwon Colors IPO opening on May 9th 2007
Asahi Songwon Colors Limited,is to tap the capitalmarket through IPO which is open for subscription from 9th of may to 15th of may. with a price band of Rs. 90 to Rs.108 for the IPO.
Issue Details
Asahi Songwon Colors Limited
Symbol - Series ASCL EQ
Issue Period May 09, 2007 to May 15, 2007
Issue Size (.) Equity Shares aggregating Rs.335 Millions
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.90/- to Rs.108/-
Tick Size Re. 1/-
Market Lot 60 shares
Minimum Order Quantity 60 shares
Maximum Subscription Amount for Retail Investor Rs.100000
For Asahi Songwon IPO allotment status come back here
Posted by rupya at 9:16 AM
Binani Cement Limited IPO opening today
Issue Details
Binani Cement Limited IPO
Symbol - Series BCL EQ
Issue Period May 07, 2007 to May 10, 2007
Issue Size 2,05,00,000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.75/- to Rs.85/-
Tick Size Re. 1/-
Market Lot 80 shares
Minimum Order Quantity 80 shares
Maximum Subscription Amount for Retail Investor Rs.100000
For Binani Cement IPO allotment status can be checked here later.
Posted by rupya at 9:14 AM
Insecticides India IPO opening Today
Insecticides India Ltd, a leading Indian manufacturer and distributor of plant protection chemicals and house hold pesticides, will be entering the Indian capital market with an initial public offering of 32.10 lakh shares of Rs 10 each at a premium to be decided through a book building process. The Insecticides India Limited IPO opens for subscription on May 07, 2007 and closes for subscription on May 11, 2007.
Issue Details
Insecticides (India) Limited
Symbol - Series IILTD EQ
Issue Period May 07, 2007 to May 11, 2007
Issue Size 32,10,000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.97/- to Rs.115/-
Tick Size Re. 1/-
Market Lot 60 shares
Minimum Order Quantity 60 shares
Maximum Subscription Amount for Retail Investor Rs.100000
For Insecticides India IPO Allotment details come back here.
Posted by rupya at 9:12 AM
Maytas Infra IPO files for DRHP with SEBI
Maytas Infra Limited is Hyderabad-based infrastructure development company that has two decades of experience in executing projects under various domains such as Buildings & Structures, Transportation, Water and Energy.They have files for DRHP with SEBI to fund the Future INFRA projects, More Detail coming soon.
Posted by rupya at 12:35 AM
SVEC Constructions IPO files for DRHP with SEBI
SVEC Constructions Ltd is a multi-disciplined construction company based in Hyderabad. Its expertise over the past 42 years includes major irrigation projects, airports, stadia, townships, auditoria, residential and office building complexes across India.Files for DRHP with sebi for funding its future projects.
![](http://www.svec.in/images/irr_completed.jpg")
Posted by rupya at 12:17 AM
Reliance Money foray into GOLD coins
Reliance Money, the stock broking arm of Anil Dhirubhai Ambani Group, is now foraying into retailing of its own brand of gold coins, which would be made exclusively by Swiss precious metal refining major Valcambi.
Posted by rupya at 12:09 AM
DSP Merrill Lynch Mutual Fund india Gold Fund to be launched next month
DSP Merrill Lynch Mutual Fund india Gold Fund to be launched next month,the fund will be utilised for investing in Merrill lynch s world gold fund, in an interview to PTI the chairman told the fund is to raise about 100 million dollars (over Rs 400 crore) to invest in the group's world gold fund programme.
Posted by rupya at 12:06 AM
May 6, 2007
Franklin Templeton Mutual fund offers Dividend for Franklin Flexi CAP fund
Franklin (I) Flexi Cap (D) offered 2.50 rs per unit of Dividend with book closure of 09/05/07 .
Posted by rupya at 11:56 PM
Upcoming Mutual Fund Offers filed with SEBI
04 May 2007 ABN AMRO Fixed Term Plan- Series 8
03 May 2007 DWS High Yield Cash Fund
03 May 2007 Standard Chartered Fixed Maturity Plan - Yearly Series
03 May 2007 UTI-India Lifestyle Fund
Posted by rupya at 11:55 PM
Dividend Announces on may 3rd and may 4th 2007
Posted by rupya at 11:31 PM
Fortis Healthcare IPO allotmwent status
Fortis Healthcare IPO allotment status is ready to be checked here .
It listing date is may 9th 2007
Posted by rupya at 10:11 PM
May 4, 2007
India Inflation fell to 5.77 per cent
Inflation fell to 5.77 per cent during the week ended on April 21 from 6.09 per cent in the previous week due to lower prices of some food products and manufactured items.
Posted by rupya at 4:59 PM
DCB has announced its FY07 Fourth Quarter result
DCB has posted net loss of Rs 40 lakh in fourth quarter as against a loss of Rs 48.6 crore (Rs 486 million) in corresponding quarter of previous year.Net interest income stood at Rs 38.5 crore (Rs 385 million) versus Rs 19.8 crore (Rs 198 million).But think NIM would be under control now because of intrest rate hike , next Quarter would be intresting for all the Banks.
Posted by rupya at 2:20 PM
Jet Airways India signs Memorandum with Lufthansa
Jet Airways India Ltd has signed the Memorandum of Understanding (MoU) with Lufthansa Technik AG, Germany for A330/B777 Component Works, Personnel Assignment Services and Maintenance Management Services.
Posted by rupya at 2:16 PM
SVPCL IPO Files for DRHP with SEBI
SVPCL was started originally as a Partnership Firm in the year 1992, Subsequently it was made into a Public Ltd. Company on 26.11.99 by take over of the existing partnership firm on going concern basis. The Company has been involved in the manufacturing activity like MANUFACTURE OF COMPUTER STATIONERY BLANK AND PRE-PRINTED FORMS HIGH VOLUME BOOKS & STATIONERY LARGE SCALE PRINTING ACTIVITY Since inception SVPCL is able to maintain quality of the products and established superiority among the players in the field because of the consistance of supplies and timely schedules of the customers from time to time.
Posted by rupya at 11:59 AM
MIC Electronics Limited IPO Oversubscription Details
MIC Electronics Limited Which opened on April 30th dint recieve good response from the retailers its almost in the 4th day of the issue its only .6 times subscribed will see how it closses on the closing day.
For MIC Electronics Limited IPO Allotment details come back here.
Posted by rupya at 11:49 AM
Petron Engineering awarded contract worth 4.5 crores
Petron Engineering Construction Ltd has informed that the Company has received Letter of Award from ZEECO INDIA (PVT.) LTD. for Erection & Installation of HP / LP Flare for KGD6 Kakinada Project of Reliance Industries Ltd for a total value of Rs 450 Lakhs.
Posted by rupya at 12:21 AM
HDFC and IFCI came out with Quarter Results
>HDFC has come out with Q4FY07 results. The company posted a growth of 29% in net profit at Rs 550.1 crore in fourth quarter as against Rs 426.5 crore in corresponding period of previous year.
>IFCI has announced its fourth quarter results. The company posted Q4 net profit of Rs 668 crore.
Posted by rupya at 12:08 AM
Varun Shipping , Sterlite , Century Textiles and Colgate declares Quarter results
>Varun Shipping has announced its fourth quarter results. The company's Q4 net profit was down at Rs 32 crore versus Rs 57.9 crore.
>Sterlite Industries has announced its Q4FY07 results. The company posted jump of 40.7% in net profit at Rs 1,144 crore in fourth quarter as against Rs 813 crore in corresponding quarter of previous year.
>Century Textiles has declared its Q4FY07 results. The company has registered net profit of Rs 94 crore versus Rs 25 crore in same period of last year.
>Colgate has come out with Q4FY07 results. The company has reported net profit of Rs 50.5 crore in fourth quarter versus Rs 37 crore in corresponding quarter of previous year.
Posted by rupya at 12:05 AM
Info Edge India , Moser Baer , Sonata Software Announces Auarter Results
Info Edge India has come out with fourth quarter results of FY07. The company has reported net profit of Rs 10 crore versus Rs 8 crore in previous quarter.
Moser Baer has declared its fourth quarter results. The company reported net profit of Rs 39.7 crore in fourth quarter as against Rs 35 lakh in corresponding period of previous year.
Sonata Software has come out with Q4FY07 results. The company has reported net profit of Rs 12.8 crore.
Posted by rupya at 12:04 AM
May 3, 2007
Amtek Auto and Eicher Motors Announces Quarter Results
Amtek Auto has announced its Q3 result of FY07. The company has posted net profit at Rs 65.3 crore in Q3 versus Rs 44.2 crore during the same quarter previous year. Its net sales figure during the corresponding quarter was at Rs 314 crore versus Rs 231
Eicher Motors has come out with Q4FY07 results. The company has posted net profit of Rs 20.87 crore versus Rs 27.7 crore in Q4 of FY06.
Posted by rupya at 11:59 PM
Aditya Birla Nuvo , Coromandel Fertilisers , United Phosphorus and Orchid Chemicals Announces Fourth Quarter Results
Aditya Birla Nuvo has declared fourth quarter FY07 results. The company posted consolidated net profit of Rs 82.5 crore.
Coromandel Fertilisers has declared its fourth quarter results. The company's Q4 PAT was up at Rs 16.76 crore (Rs 167.6 million) as against Rs 15.9 crore (Rs 159 million).
United Phosphorus has declared Q4 consolidated results. The company posted profit after tax, PAT of Rs 126.76 crore versus Rs 104.11 crore in same period of previous year
Orchid Chemical has announced its FY07 result. The company has posted FY07 net profit of Rs 78 crore versus Rs 57 crore during the previous year. Its net sales for FY07 was at Rs 985 crore versus Rs 951 crore in FY06.
Posted by rupya at 11:46 PM
Pratibha Industries secures another contract from Asian HealthCare
Pratibha Industries Ltd has informed BSE that Pratibha Infrastructure Pvt. Ltd. (a wholly-owned subsidiary of the Company) has secured a contract from Asian Healthcare Services Ltd for construction of Multi-Speciality Hospital Building at Worli. The value of the contract is Rs 805 million. The project is to be executed in eighteen months.
Posted by rupya at 12:53 PM
Pratibha Industries secures contract from GMS Construction
Pratibha Industries Ltd has informed BSE that the Company has secured a contract from GMS Construction Pvt. Ltd. for construction of a commercial building at Kalina, Santacruz.The value of the contract is Rs 199 million. The project is to be executed in nine months.
Posted by rupya at 12:49 PM
Tata Motors , Tvs Motors and Hero Honda announces April 2007 Sales Numbers
>Tata Motors April 2007 sales figures- Total vehicle sales at 40,486 nos., up 11%; Exports up 13%
>TVS Motos April sales down 19% at 1.05 lakh units vs 1.25 lakh units (YoY)
>Hero Honda April sales at 2.62 lakh units vs 2.5 lakh units (YoY)
Posted by rupya at 10:50 AM
Grading of all IPO (Initial Public Offerings) a Must from MAY 1st 2007
1) Grading of all Initial Public Offerings (IPO) made mandatory. The grading will be applicable to all IPOs for which draft offer documents are filed with SEBI after April 30, 2007;
2) Existing practices followed by SEBI regarding processing of draft offer documents incorporated in the DIP guidelines;
3) Companies having listing history of one year or more, only to be allowed to make Qualified Institutions Placement(QIP);
4) Companies having listing history of less than six months to be enabled to make preferential allotment, subject to certain conditions;
5) More clarity on provisions relating to minimum promoters’ contribution for the purpose of public issues.
Posted by rupya at 1:29 AM
ING Vysya announces FY07 Fourth Quarter results
The results for the Quarter ended March 31, 2007
The Bank has posted a net profit of Rs 183.90 million for the quarter ended March 31, 2007 as compared to net loss of Rs 246.50 million for the quarter ended March 31, 2006. Total Income has increased from Rs 3451.70 million for the quarter ended March 31, 2006 to Rs 4630.00 million for the quarter ended March 31, 2007.
Posted by rupya at 1:24 AM
Moser Baer Recommends BONUS Issue
Moser Baer recommends issue of Bonus Shares to the Equity Shareholders of the Company in the ratio of 1 Equity Share for every 2 Equity Shares held by them, by capitalizing the reserves of the Company.
Posted by rupya at 1:23 AM
May 2, 2007
UTI Bank is Renamed to Axis Bank
Axis Bank will be the new name for UTI Bank. The bank's board decided on the new name at a meeting in Mumbai today.Axis Bank is born out of the pressure on UTI Bank to shed its brand name after the split of the erstwhile UTI. Though UTI was a government institution, its subsidiary UTI Bank has been categorized as a private sector bank, according to RBI guidelines.
The name change to Axis Bank means that UTI Bank will have to undergo a re branding exercise soon. The re branding process is expected to be complete by September 2007.
Source:Dance With Shadows
Posted by rupya at 12:20 AM
i-flex Solutions Announces Quarter Results
The results for the Quarter ended March 31, 2007
The Company has posted a net profit of Rs 1271.20 million for the quarter ended March 31, 2007 as compared to Rs 1217.50 million for the quarter ended March 31, 2006. Revenues has increased from Rs 3723.20 million for the quarter ended March 31, 2006 to Rs 4515.90 million for the quarter ended March 31, 2007.
The results for the Year ended March 31, 2007
The Company has posted a net profit of Rs 3546.70 million for the year ended March 31, 2007 as compared to Rs 2408.00 million for the year ended March 31, 2006. Revenues has increased from Rs 11538.20 million for the year ended March 31, 2006 to Rs 15523.40 million for the year ended March 31, 2007.
Posted by rupya at 12:00 AM
May 1, 2007
Bajaj announces 2007April Auto Total sales - Auto Sales Down compared to previous year
Bajaj Auto April Total sales at 1,90,052 units vs 2,12,123 Units (YoY). April Bike sales were at 1,64,304 units vs 1,88,518 units (YoY), while the 3-wheeler sales were at 24,360 units vs 21,159 units (YoY).
Posted by rupya at 11:57 PM
Maruti announces April 2007 total sales figure
Maruti Udyog Limited sold 48,652 vehicles in the domestic market in April 2007. The company had sold 41,574 vehicles in the domestic market in April 2006. In all, Maruti Udyog Limited sold 50,352 vehicles in April 2007. This includes 1700 units of exports.So Maruti April total sales at 50,352 units vs 43,127 units
Posted by rupya at 11:55 PM
Add Stocks to your Google Homepage
Add stocks on to your google homepage and keep updated yourself every minute.
Posted by rupya at 11:55 AM
AIG India Equity Fund - New Fund offer
AIG India Equity Fund - The New Fund Offer priced at Rs.10 per unit (plus applicable entry load) will be open for purchase from May 3, 2007 to May 31, 2007. The fund will re-open for ongoing purchases/redemptions no later than June 29, 2007. AIG India Equity Fund is an open-ended diversified equity fund with no biases. The fund has the flexibility to invest across companies without having any bias towards a particular sector, investing style or market capitalization range. The fund will be managed by Mr. Tushar Pradhan, Chief Investment Officer - Equities.This is the maiden fund from AIG India.
Posted by rupya at 11:39 AM
Birla Mutual Fund , Fidelity Mutual Fund and Tata Mutual Fund declares Dividend in respective funds.
>Birla Dividend Yield Plus (D) 30/04/07 for 0.800
>Fidelity Equity Fund (D) 30/04/07 for 2.500
>Tata Life Sc & Tech Fund (D) 27/04/07 for 2.500
Posted by rupya at 11:30 AM
Market will remain closed for two days May 1st and May 2nd 2007
Maharashtra Day on 1st May, 2007 Tuesday
Buddha Pournima on 2nd May, 2007 Wednesday
Posted by rupya at 12:31 AM
Dividend Declared on April 30th 2007 - Bank Dividend announced today
Posted by rupya at 12:22 AM