All posts by Subramanian

My name is Subramanian and im called a suppini , i have 25 years of Insurance Domain expereince , I blog here at rupya.com on banking and insurance domain .

SEBI proposing to double the Investment limit in IPO to Re. 2 Lakh

Market regulator SEBI informed the market today that it has proposed to double the investment limit for retail investors to Rs. 2 lakh in public issues, a move that will enable individuals to aggressively participate in primary issues of companies.The Securities and Exchange Board of India (SEBI) said in a draft regulation on which it invited comments from stakeholders by September 3.

SKS Microfinance Listed above 1000 Rs

SKS Microfinance which has its IPO this month had the IPO price at rs 985 at the top end and 850 on the lower side , and it was given at a discount of 50 rs per share for the retailers , On the listing day SKS Microfinance was trading at Rs 1,140 at around 9:09 IST on BSE, a 15.74% premium over the initial public offering price of Rs 985 per share.But the stock is trading at the range of 1100 to 1110 at 9.35 am.

Sakthi Finance and Tonira Pharma Rights Issue

Sakthi Finance Ltd informed the market yesterday that the company is planning to come out with rights issue in the ratio of 2:3 subject to everyones approval and the record date and the cost of the issue will be announced on a later date.
Tonira Pharma Ltd has informed the market that the company has come out with rights issue proposal and the record date for the same will be announced later , the rights issue will be given in the ratio of 1:2 .

B L Kashyap and Sons Bonus and Stock Split

B L Kashyap and Sons Ltd on a meeting that was held on 07/08/2010 has made decision on Stock Split and also Bonus Issue They have Approved Sub division / split of each equity share of face value of Rs. 5/- each into 5 equity shares of face value of Re. 1/- each, as per Section 94(1)(d) of the Companies Act, 1956, subject to the approval of shareholders of the Company and other regulatory authorities and on the Bonus side.
It has Approved subject to the approval of shareholders of the Company and other regulatory authorities, issue of bonus shares in the ratio of 1:1 (i.e. One new equity share for every one equity share held) to the Existing Equity Shareholders of the Company, as on the Record Date, as may be fixed.

Mutual Fund Dividend for the month of August 2010

Mutual Fund Dividend for the month of August 2010 thats was declared until august 10th or so , more will come on a later date.

Schemes Category Date Div(Rs)
Birla SL Advantage Fund (D) Equity Diversified 6/8/2010 7
Birla SL Frontline Equity -A (D) Equity Diversified 6/8/2010 1.25
Kotak Contra (D) Equity Diversified 30/07/10 1.5
Sahara Power&Natural Res. (D) Equity Diversified 30/07/10 2
UTI Dividend Yield Fund (D) Equity Diversified 27/07/10 0.5
Tata Dividend Yield Fund (D) Equity Diversified 23/07/10 2

Nitin Fire Protection Stock Split

Nitin Fire Protection Industries Ltd has informed the market that the company on a meeting thats going to be held on held on August 13, 2010, inter alia, to consider and approve following Business:

1. Fund raising through various means like Qualified Institutions Placement to Qualified Institutional Buyers, Preferential Allotment / Right Issue, FCCB/GDR/Warrants and / or any such manner or way Board may deem fit.
2. Consider and approve the financial results of the Company and consolidated financial results of the Company and its Subsidiaries for the year ended March 31, 2010 and other related matters.
3. Holding of Annual General Meeting for the financial year 2009-2010, and other related matters.
4. Consider and approve the split of shares.
5. Quarterly Financial results for the quarter ended June 30, 2010
6. To formulate and form ESOP Scheme.

1 Reliance Power stock for every 4 RNRL Stock – RNRL merger with Reliance Power

Reliance is making head lines for almost a month on every Sunday and this Sunday its just between 2 of the ADAG’s Concern , In order to cope up with the growing demands of the oil and natural gas that is needed for the power generation ADAG group and the Board as approved merger of RNRL with Reliance Power , The boards of Reliance Power (RPower) and Reliance Natural Resources (RNRL) on Sunday, 4 July 2010, approved the merger proposal as well as the share swap ratio based on the valuation by consultancy firm KPMG, the Anil Dhirubhai Ambani Group (ADAG) said in a media statement.The reliance power stock went up by 4 percent or so and the RNRL stocks was down by 25 percent or so , They said they are doing a stock swap ratio of Every 1 Reliance power share for every 4 RNRL .Automatically that puts the stock price of RNRL at 45 rs, so it came down heavily today.
RNRL down by 26 percent to 47 or so at 10.00 AM on July 5th 2010

Reliance Power up by 3.23 percent quoting at 180 or so at 10.00 am on july 5th 2010

Reserve Bank of India raises Liquidity Adjustment Facility – LAF – rate by 25 basis points

Reserve Bank of India came out with some Monetary Policy Measures on July 2nd almost 1 month before the normal timing which means they might take an action again this month end also , On the basis of the current macroeconomic situation, it has been decided to take the following monetary policy measures as a part of the calibrated exit from the expansionary monetary policy , it has decided to go with the following 2 changes .
Monetary Policy Changes

• to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.25 per cent to 5.50 per cent with immediate effect.
• to increase the reverse repo rate under the LAF by 25 basis points from 3.75 per cent to 4.0 per cent with immediate effect.

Corporate Actions – Dividend Declared from June 30th to July 9th 2010

Dividend Declared from June 30th to July 9th 2010 , Record Date for the same and it might have info on Bonus and stock split and its record date if it falls between July 1st week.

Scrip Code Scrip Name Ex-Date Purpose Rs.
500003 Aegis Logistics 30-Jun-10 Final Dividend 3
512247 Ashirwad Cap 30-Jun-10 Final Dividend 0.04
500820 Asian Paints 30-Jun-10 Final Dividend 18.5
532525 Bank of Maharashtra 30-Jun-10 Dividend 2
500247 Kotak Mah Bank 30-Jun-10 Dividend 0.85
507912 LKP FIN 30-Jun-10 Dividend 7
532720 Mahindra & Mah Fin 30-Jun-10 Dividend 7.5
532663 Sasken Comm 30-Jun-10 Dividend 4
532419 Smartlink Net 30-Jun-10 Dividend 2.5
506105 Stanrose Mafat 30-Jun-10 Dividend 3.5
506105 Stanrose Mafat 30-Jun-10 Special Dividend 1.5
590071 Sundaram Fin 30-Jun-10 Final Dividend 4
512257 Swasti Vinay Gem 30-Jun-10 Dividend 0.25
500800 Tata Tea 30-Jun-10 Stock Split from Rs. 10/- to Re. 1/- -
532488 Divis Lab 2-Jul-10 Dividend 6
500124 Dr Reddys Lab 2-Jul-10 Dividend 11.25
500128 Electrosteel Cast 2-Jul-10 Dividend 1.25
500086 Exide Inds 2-Jul-10 Dividend 0.4
511208 IL&FS Invest Mgrs 2-Jul-10 Dividend 1.5
524084 Monsanto India 2-Jul-10 Final Dividend 7.5
526753 Roselabs Inds 2-Jul-10 Stock Split from Rs. 10/- to Rs. 5/- -
500295 Sesa Goa 2-Jul-10 Dividend 3.25
500770 Tata Chemicals 2-Jul-10 Dividend 9
502986 Vardhman Tex 2-Jul-10 Dividend 3
532401 Vijaya Bank 2-Jul-10 Dividend 2.5
507880 VIP Inds 2-Jul-10 Dividend 3
500710 AKZOINDIA 5-Jul-10 Dividend 16
526433 ASM Tech 5-Jul-10 Dividend 1.2
590075 Lambodhara Tex 5-Jul-10 Dividend 1
513517 Steelcast 5-Jul-10 Dividend 1.5
532374 Sterlite Tech 5-Jul-10 Final Dividend 0.5
505854 TRF 5-Jul-10 Dividend 7.5
505978 Triton Valves 5-Jul-10 BONUS 2:1 -
513005 VBC Ferro 5-Jul-10 Dividend 2.5
505163 ZF Steering 5-Jul-10 Final Dividend 5
500645 Deepak Fert 6-Jul-10 Dividend 4.5
500173 Gujarat Fluo 6-Jul-10 Final Dividend 1.5
517063 Jetking Info 6-Jul-10 Final Dividend 2
500380 JK Lakshmi Cem 6-Jul-10 Final Dividend 1.5
503101 Marathon Next 6-Jul-10 BONUS 1:2 -
532218 South Indian Bank 6-Jul-10 Dividend 4
532691 Tulip Telecom 6-Jul-10 Stock Split from Rs. 10/- to Rs. 2/- -
505036 Automobile Corp 7-Jul-10 Dividend 1
523229 Bharat Seats 7-Jul-10 Dividend 0.6
509472 Cravatex 7-Jul-10 Dividend 4.5
532121 Dena Bank 7-Jul-10 Dividend 2
532180 Dhanalakshmi Bnk 7-Jul-10 Final Dividend 1
500120 Diamines & Chem 7-Jul-10 Dividend 2
500125 EID Parry 7-Jul-10 Dividend 4
500210 Ingersoll Rand 7-Jul-10 Final Dividend 3
524000 Magma Fin 7-Jul-10 Dividend 2
533169 Man Infra 7-Jul-10 Final Dividend 1.8
532301 Tata Coffee 7-Jul-10 Dividend 7.5
505397 Techno Elect 7-Jul-10 Amalgamation -
515055 Anant Raj Inds 8-Jul-10 Dividend 0.6
520119 Automotive Stamp 8-Jul-10 Dividend 1.5
532977 Bajaj Auto 8-Jul-10 Dividend 40
500034 Bajaj Auto Fin 8-Jul-10 Dividend 6
532978 Bajaj Finserv 8-Jul-10 Dividend 1
500490 Bajaj Holdings 8-Jul-10 Dividend 30
532149 Bank of India 8-Jul-10 Dividend 7
532523 Biocon 8-Jul-10 Dividend 3.5
532885 Central Bank 8-Jul-10 Final Dividend 1.2
500084 CESC 8-Jul-10 Dividend 4
523127 EIH Associated 8-Jul-10 Dividend 1.5
530323 Era Infra 8-Jul-10 Dividend 0.4
500650 Excel Inds 8-Jul-10 Dividend 2
532285 Geojit Bnp 8-Jul-10 Dividend 0.75
533150 Godrej Prop 8-Jul-10 Final Dividend 4
500696 Hindustan Unilever 8-Jul-10 Final Dividend 3.5
531663 Intensive Air 8-Jul-10 Reduction of Capital -
513509 Kalyani Forge 8-Jul-10 Dividend 1.8
508853 Kampani Consl 8-Jul-10 Dividend 0.6
532400 KPIT Cummins 8-Jul-10 Dividend 0.7
517206 Lumax Inds 8-Jul-10 Dividend 3
500520 Mahindra & Mahindra 8-Jul-10 Dividend 8.75
500520 Mahindra & Mahindra 8-Jul-10 Special Dividend 0.75
513269 Man Inds 8-Jul-10 Final Dividend 1.75
500460 Mukand 8-Jul-10 Dividend 1
532461 PNB 8-Jul-10 Final Dividend 12
532254 Polaris Soft 8-Jul-10 Final Dividend 1.75
526492 Puneet Resins 8-Jul-10 Dividend 1.2
505817 REIL Elect 8-Jul-10 Dividend 3
504908 Schrader Duncan 8-Jul-10 Dividend 1
526807 Seamec 8-Jul-10 Dividend 3
526827 Spice Islands 8-Jul-10 Dividend 1.5
505160 Talbros Auto 8-Jul-10 Dividend 1
500411 Thermax 8-Jul-10 Dividend 5
531335 Zydus Wellness 8-Jul-10 Dividend 3
532309 Alstom Projects 9-Jul-10 Dividend 10
532853 Asahi Songwon 9-Jul-10 Final Dividend 1
508939 Blue Circle 9-Jul-10 Dividend 0.5
533151 DB Corp 9-Jul-10 Final Dividend 1.25
500160 GTL 9-Jul-10 Dividend 3
507960 Gujarat Hotels 9-Jul-10 Dividend 2.75
533047 INDIAN MET 9-Jul-10 Dividend 5
531680 Mayur Leather 9-Jul-10 Final Dividend 1
522249 Mayur Uniquoter 9-Jul-10 Final Dividend 3
504392 Multifarious Trd 9-Jul-10 Final Dividend 1
506590 Phillips Carbon 9-Jul-10 Dividend 5
523025 Safari Inds 9-Jul-10 Dividend 2
500114 Titan Inds 9-Jul-10 Dividend 15
504988 Welcast Steel 9-Jul-10 Dividend 2
500067 Blue Star 12-Jul-10 Dividend 8
500040 Century Tex 12-Jul-10 Dividend 5.5
531216 Comfort Intech 12-Jul-10 Dividend 0.05
523248 Machino Plast 12-Jul-10 Dividend 2.5
504823 Mahindra Ugine 12-Jul-10 Dividend 1
524372 Orchid Chem 12-Jul-10 Dividend 10
532987 Rane Brake 12-Jul-10 Dividend 1.5
532988 Rane Engine 12-Jul-10 Final Dividend 1.5
532661 Rane Madras 12-Jul-10 Final Dividend 2
532805 Redington India 12-Jul-10 Dividend 5
500408 Tata Elxsi 12-Jul-10 Dividend 7
500470 Tata Steel 12-Jul-10 Dividend 8
509966 VST Inds 12-Jul-10 Dividend 30
505872 WPIL 12-Jul-10 Dividend 2
505216 Alfred Herbert 13-Jul-10 Dividend 2
506767 Alkyl Amines 13-Jul-10 Dividend 3
509480 Berger Paints 13-Jul-10 Dividend 1.1
532929 Brigade Enter 13-Jul-10 Dividend 1.2
533167 Coromandel Engr Co 13-Jul-10 Dividend 2
517477 Elnet Tech 13-Jul-10 Dividend 1.2
532761 HOV Serv 13-Jul-10 Final Dividend 2
509675 Hyderabad Inds 13-Jul-10 Dividend 10
509162 Indag Rubber 13-Jul-10 Final Dividend 2.5
532612 Indoco Remedies 13-Jul-10 Final Dividend 7
512233 Jaybharat Tex 13-Jul-10 Dividend 0.1
506525 Kanoria Chem 13-Jul-10 Dividend 1.5
526179 Ludlow Jute 13-Jul-10 Dividend 1.5
532460 Ponni Sugar Erod 13-Jul-10 Dividend 4
502450 Seshasayee Pap 13-Jul-10 Dividend 3.5
502450 Seshasayee Pap 13-Jul-10 Special Dividend 2.5
526893 Srinivasa Hatch 13-Jul-10 Dividend 2.5
511654 Sugal & Damani Shr 13-Jul-10 Dividend 0.5
524200 Vinati Organics 13-Jul-10 Final Dividend 0.7

Larsen toubro bags thermal power project worth 827 Crore

Larsen & Toubro’s (L&T) Thermal Power Plant Construction (TPPC) Business Unit has informed the market that it has secured two orders aggregating to Rs.827 crore, the order is from GVK Power for their Gautami Combined Cycle Power Plant (CCPP) Expansion and from SEPCO-I for Taiwandi Sabo Power Plant in Punjab.
Order info

First order for Rs.602 crore is for total construction including certain electrical and mechanical balance of plant items (E&M BOP) for the 2 x 392 MW Gautami Stage-II Combined Cycle Power Plant in Andhra Pradesh.This is with Hyundai asa consotium partnerfor this work.
Second order is for Rs.225 crore, is for the civil works for the 2 x 660 MW Talwandi Sabo Power Plant being developed by Sterlite Energy Ltd in Punjab.

Stock Dividend for the month of June 2010 and Book closures for the same

Dividend for the month of June 2010 and Book closure for Bonus and Stock split happening this month

Scrip Code Scrip Name Ex-Date Purpose Rs.
532331 Ajanta Pharma 6/29/2010 Dividend 3.5
524075 Albert David 6/25/2010 Dividend 4.5
502330 AP Paper 6/17/2010 Dividend 1
500024 ASSAMCO 6/17/2010 Dividend 0.2
503960 Bharat Bijlee 6/17/2010 Dividend 25
532849 Binani Cement 6/16/2010 Dividend 3.5
500059 Binani Inds 6/16/2010 Dividend 3
532134 BOB 6/24/2010 Dividend 15
523207 Camlin 6/21/2010 Dividend 0.5
532834 Camlin Fine 6/22/2010 Dividend 2
500280 Century Enka 6/16/2010 Dividend 6
531977 Chartered Log 6/23/2010 Stock Split from Rs. 10/- to Re. 1/- -
501833 Chowgule Steam 6/29/2010 Dividend 1.5
517326 CMC 6/18/2010 Dividend 20
532902 Consolid Constr 6/16/2010 Dividend 0.5
507543 Coromandel Agro 6/24/2010 Dividend 1.5
532179 Corporation Bank 6/21/2010 Dividend 17
505232 Denison Hydr 6/24/2010 Dividend 5
530959 Diana Tea 6/17/2010 Dividend 0.5
532922 Edelweiss Cap 6/29/2010 Final Dividend 3
532922 Edelweiss Cap 6/29/2010 Special Dividend 5
523708 Eimco Elecon 6/29/2010 Dividend 4
505700 Elecon Engr 6/29/2010 Dividend 1.5
501848 Garware Offsh 6/18/2010 Final Dividend 0.7
506109 Genesys Intl 6/23/2010 Stock Split from Rs. 10/- to Rs. 5/- -
506076 Grindwell Nor 6/18/2010 Dividend 6
500010 HDFC 6/29/2010 Dividend 36
532659 IDFC 6/17/2010 Dividend 1.5
532187 Indusind Bank 6/17/2010 Dividend 1.8
509715 Jay Shree Tea 6/16/2010 Dividend 6
533148 JSW Ener 6/29/2010 Dividend 0.8
504840 Kaira Can 6/29/2010 Dividend 2.5
500165 Kansai Nerolac 6/23/2010 BONUS 1:1 -
500253 LIC Housing Fin 6/29/2010 Dividend 15
500266 Maharashtra Scoot 6/29/2010 Dividend 5.5
590078 MAITHAN ALL 6/17/2010 BONUS 1:2 -
532494 Micro Tech 6/17/2010 Final Dividend 2
532991 MVL 6/22/2010 Dividend 0.1
532827 Page Inds 6/18/2010 1st Interim Dividend 10
531816 Panoramic Univ 6/21/2010 BONUS 5:1 -
507498 Piccadily Sugar 6/29/2010 Reduction of Capital -
500302 Piramal Health 6/29/2010 Dividend 5.4
532739 Plethico Pharma 6/24/2010 Dividend 2.5
532718 Pratibha Inds 6/21/2010 Dividend 3
532891 Puravankara Proj 6/24/2010 Dividend 1
523523 Rainbow Papers 6/29/2010 Dividend 2
526723 RDB Inds 6/22/2010 Scheme of Arrangement -
517447 RS Software 6/21/2010 BONUS 28:10 -
524727 Span Diag 6/18/2010 Dividend 2.5
512048 Splash Media 6/24/2010 Dividend 0.2
512299 Sterling Bio 6/21/2010 Dividend 0.5
500900 Sterlite Inds 6/21/2010 BONUS 1:1 -
500900 Sterlite Inds 6/21/2010 Stock Split from Rs. 2/- to Re. 1/- -
508969 Sulabh Engr 6/29/2010 Dividend 0.6
532276 Syndicate Bank 6/16/2010 Dividend 3
513010 Tata Sponge 6/29/2010 Dividend 8
532284 TCFC Finance 6/28/2010 Dividend 2
533158 THANGAMAYIL 6/16/2010 Final Dividend 1
530199 Themis Medicare 6/16/2010 Dividend 3
532779 Torrent Power 6/17/2010 Dividend 3
517506 TTK Prestige 6/18/2010 Dividend 10
532505 Uco Bank 6/23/2010 Dividend 1.5
532538 Ultratech Cem 6/21/2010 Dividend 6
532477 Union Bank 6/24/2010 Dividend 5.5
533171 United Bank 6/23/2010 Final Dividend 2
504212 Universal Cabl 6/21/2010 Dividend 2.5
500439 Vardhman Hold 6/29/2010 Dividend 2
509055 Visaka Inds 6/24/2010 Final Dividend 2
514162 Welspun India 6/24/2010 Dividend 1
590013 XPRO India 6/29/2010 Dividend 1.8
532648 Yes Bank 6/24/2010 Dividend 1.5

Ram Informatics bags order from Government of Andhra Pradesh

Ram Informatics Ltd has informed the market that the company as part of the consortium of M/s HCL Info Systems and M/s. RAM Informatics Limited has bagged order from Commissioner, EDS, IT & C Department, Government of Andhra Pradesh, for Zone 1 of District eSeva, for Operations and Support through BOOT Model.The price is around 8 Rs on June 15th 2010.

http://www.bseindia.com/bseplus/charts/scol530951.gif

Kalanithi Maran buys into 37 Percent of SpiceJet into KAL Airways

Kalanithi Maran who is well known as SUN Networks owner has entered into an agreement to acquire over 37 per cent equity in low-cost carrier SpiceJet.As Part of the agreement Maran’s aviation company Kal Airways would acquire a total of over 37 per cent stake from promoters Wilbur Ross and his investment companies as well as Bhupendra Kansagara,This agreement will close as a deal after a month or so ,SpiceJet was down yesterday after the news , It was also said that Maran bought the 37.7 per cent stake at a price of around Rs 48 per share, which would account to almost Rs 750 crore.

Reliance Industries buys HFCL INFOTEL LTD in order to get Pan India BWA Spectrum

HFCL infotel started hitting upper freeze from Friday , there is almost 50 lac share still pending to trade and no sellers think it will settle anywhere from 15 to 20 rs , the reason is HFCL Infotel is the only company that has come as the successful bidder for the PAN india BWA spectrum for almost 22 circle.Reliance Industries which after smoothing the relationship with Reliance ADAG group and also bith Mukesh and Anil Ambhani has signed a agreement with which they can complete in any area other than power through natural resources.
Reliance Industries has informed the market Friday that they will invest 4800 crore in the form fresh investment in HFCL infotel which will buy into HFCL infotel almost 95 Percent.

Punj Lloyd bags order worth 179.89 crore from Rajiv Gandhi Institute of Petroleum Technology

Punj Lloyd has infromed the market that the company has been awarded contract from Rajiv Gandhi Institute of Petroleum Technology for construction of their technical institute at Jais in Rae Bareli, U.P. The order is for civil, structural & associated work including site development for setting up of Rajiv Gandhi Institute of Petroleum
Technology (RGIPT).

Dividend and Book closure announcement from June 7th to June 14th 2010

As the result season is over and almost all the company poured in with dividend and the list will follow , will update the same when the information is available , have sorted the list in the order of smallest to largest dividend amount and also at the end it has list of company which has declared and its record date which us falling in June month.

Scrip Code Scrip Name Ex-Date Purpose Rs.
500024 ASSAMCO 6/17/2010 Dividend 0.2
500403 Sundram Fast 6/10/2010 2nd Interim Dividend 0.5
532902 Consolid Constr 6/16/2010 Dividend 0.5
530959 Diana Tea 6/17/2010 Dividend 0.5
501848 Garware Offsh 6/18/2010 Final Dividend 0.7
532221 Sonata Soft 6/8/2010 Dividend 0.8
500279 Mirc Elect 6/10/2010 Dividend 1
530315 Hindustan Tin 6/7/2010 Interim Dividend 1
532949 Piramal Glass 6/11/2010 Dividend 1
532376 MRO Tek 6/15/2010 Dividend 1
533158 THANGAMAYIL 6/16/2010 Final Dividend 1
502330 AP Paper 6/17/2010 Dividend 1
524230 Rashtriya Chem 6/14/2010 Dividend 1.1
531102 Surana Corp 6/7/2010 Dividend 1.5
532659 IDFC 6/17/2010 Dividend 1.5
532522 Petronet LNG 6/10/2010 Dividend 1.8
532187 Indusind Bank 6/17/2010 Dividend 1.8
513629 Tulsyan NEC 6/7/2010 Dividend 2
532494 Micro Tech 6/17/2010 Final Dividend 2
531209 Nucleus Soft 6/15/2010 Dividend 2.5
532517 Patni Computer 6/14/2010 Final Dividend 3
500059 Binani Inds 6/16/2010 Dividend 3
532276 Syndicate Bank 6/16/2010 Dividend 3
532779 Torrent Power 6/17/2010 Dividend 3
532893 VTM 6/8/2010 Dividend 3.2
502937 Kesoram Inds 6/14/2010 Final Dividend 3.3
500335 Birla Corp 6/8/2010 Final Dividend 3.5
532849 Binani Cement 6/16/2010 Dividend 3.5
532814 Indian Bank 6/7/2010 Final Dividend 4
532540 TCS 6/15/2010 Final Dividend 4
531391 Ratnabali Cap 6/8/2010 Dividend 5
532714 KEC Intl 6/10/2010 Dividend 6
506532 Nitta Gelatin 6/10/2010 Dividend 6
500280 Century Enka 6/16/2010 Dividend 6
509715 Jay Shree Tea 6/16/2010 Dividend 6
506076 Grindwell Nor 6/18/2010 Dividend 6
511288 Gruh Finance 6/15/2010 Dividend 6.5
532504 Navin Fluorine 6/11/2010 Final Dividend 7.5
500315 Oriental Bank 6/14/2010 Dividend 9.1
500228 JSW Steel 6/14/2010 Dividend 9.5
500875 ITC 6/9/2010 Dividend 10
532483 Canara Bank 6/14/2010 Dividend 10
532540 TCS 6/15/2010 Special Dividend 10
517506 TTK Prestige 6/18/2010 Dividend 10
500180 HDFC Bank 6/10/2010 Dividend 12
532174 ICICI Bank 6/10/2010 Dividend 12
500112 SBI 6/9/2010 Dividend 20
517326 CMC 6/18/2010 Dividend 20
503960 Bharat Bijlee 6/17/2010 Dividend 25
532106 REI Agro 6/7/2010 Right 2:1 -
500355 Rallis India 6/8/2010 BONUS 1:2 -
522219 Hyderabad Flex 6/9/2010 Amalgamation -
532667 Suzlon Energy 6/9/2010 Right 2:15 -
524370 Bodal Chemicals 6/10/2010 Stock Split from Rs. 10/- to Rs. 2/- -
532175 Infotech Enter 6/10/2010 BONUS 1:1 -
532398 Usha Martin Edu 6/14/2010 Reduction of Capital -

Petron Engineering bags order worth 145 crores

Petron Engineering Construction Ltd has informed the marker that the company has bagged order from INDIAN OIL CORPORATION LTD for a job of NHT/CCR Units Fired Process Heaters for Paradip Refinery Project at Orissa , they have also received fax approval for the same ,The value of the order is Rs. 145.00 Crores (Rupees One Hundred Forty-five Crores Only).On the financial side we are still expecting the results .As of now the EPS is standing at Rs 21 or so .

Panoramic Universal Limited Bonus Issue

Panoramic Universal Limited has informed the market that the company has recommended issue of Bonus Shares
to the equity shareholders of the Company in the ratio of 5:1 i.e. five Bonus Shares of Rs. 5/- each fully paid-up
against every one share held by shareholders as on record date to he fixed by the Board of Directors subject to the shareholders approval through Postal ballot.

Insurance Company not to sell ULIPS – SEBI BANS 14 Insurance Company

Sebi has come out with the verdict on Insurance company selling ULIPS and it has banned the following insurance company for doing the same . It has been noticed that the following entities have launched several Unit Linked Insurance Products (ULIPs) :-
14 Insurance Company

a. Aegon Religare Life Insurance Company Limited
b. Aviva Life Insurance Company India Limited
c. Bajaj Allianz Life Insurance Company Limited
d. Bharti AXA Life Insurance Company Limited
e. Birla Sun Life Insurance Company Limited
f. HDFC Standard Life Insurance Company Limited
g. ICICI Prudential Life Insurance Company Limited
h. ING Vyasa Life Insurance Company Limited
i. Kotak Mahindra Old Mutual Life Insurance Limited
j. Max New York Life Insurance Co. Limited
k. Metlife India Insurance Company Limited
l. Reliance Life Insurance Company Limited
m. SBI Life Insurance Company Limited
n. TATA AIG Life Insurance Company Limited

Since, the ULIPs launched by the abovesaid entities were prima facie found to be akin to the mutual fund schemes and were launched without obtaining registration from the Securities and Exchange Board of India (hereinafter referred to as “SEBI”)
under the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “the SEBI Act”) and the regulations made thereunder, notices were issued to these entities on January 15, 2010 (except in case of HDFC Standard Life Insurance
Company Limited where the notice was issued on December 14, 2009). SEBI had sought replies from the said entities as to how the ULIPs were launched without obtaining the requisite certificate of registration from SEBI and why appropriate action should not be taken against them under the provisions of the SEBI Act.
Final Verdict : The 14 Insurance Company is restrain from raising further monies/subscription, new and/or additional, from the investors for any product (including ULIPs) having an investment component in the nature of mutual funds till they obtain registration from SEBI.

Read More From Sebi .

Concurrent (India) Infrastructure hit upper circuit after Winning Arabia Deal

Concurrent (India) Infrastructure rose today 5 Percent think it hit the upper circuit there and stayed at 21 whikle closing alsoon BSE,The stock gained importance after it informed the market that they signed a pact with HRH Prince Faisal Bin Turki, Saudi Arabia for forming a joint venture for ground handling services in Saudi Arabia.It was also said that the deal would bring in almost 100 crore revenue for the whole year 2010-2011 .

PIPAVAV SHIPYARD up by 8.85 Percent

Pipavav shipyard has everyone knows that SKIL Infrastructure Ltd has planned to buy almost 19.43 percent from Punj Lloyd and the plan is as below.

Pipavav Shipyard Ltd has informed BSE that the Company have been intimated that, SKIL Infrastructure Ltd. (‘SKIL’), SKIL Shipyard Holdings Pvt. Ltd. (‘SKIL Shipyard’) and Punj Lloyd Ltd., have executed a Share Purchase Agreement dated March 27, 2010 pursuant to which Punj Lloyd Ltd. agreed to sell 129,360,538 fully paid up equity shares of Rs. 10/- each of Pipavav Shipyard Ltd. (‘the Company’) representing 19.43% of the paid up share capital of the Company to SKIL and SK1L Shipyard in two tranches, for an aggregate consideration of Rs. 6,564,644,312/-.

And today they have made open offer to public for 61 rs or so which im sure no one will be willing to give atleast now as it has raised by 8.85 percent or so to 69.50 rs and sure tomorrow also its going to raise, i bought 100 of these today after i saw the news at 64 or so .