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Gammon Infrastructure Projects Ltd has an orderbook of 90 billion rupees and will be executing at least 1.5 bln rupees worth of projects every month for the next three years, a top official said on Wednesday.
A telecom network management joint venture between Alcatel-Lucent and India's Reliance Communications has more than $750 million worth contracts to be executed over five years, the companies said on Wednesday.
Adlabs Films Ltd hopes to see a turnaround in earnings in FY10 as movie releases line up, but the first quarter will continue to be under pressure due to the two-month-long deadlock between producers and distributors, a senior official said.
New Delhi, July 1 (IANS) The government Wednesday approved 21 foreign investment proposals amounting to Rs.84.9 crore ($17.78 million).
Mumbai, July 1 (IANS) A majority of IT companies in the country has urged the government to create better infrastructure to spur domestic demand and provide incentives to the slowdown-hit IT exports sector, a survey released Wednesday said.
Asia-focused Standard Chartered is in talks to purchase banking assets in China and India owned by the Royal Bank of Scotland (RBS), a source with direct knowledge of the matter said on Wednesday.
The meteoric rise of China's Huawei to challenge the world's top telecom gear makers has been mainly in secondary markets, but a serious push into larger, more profitable, developed markets may hinge on an image makeover.
Reliance Industries Ltd has started its second crude unit at its 580,000 barrels a day new refinery in Gujarat this week ahead of planned maintenance shutdown at its old plant, trade sources said on Wednesday.
ABB Ltd said on Wednesday it won an order worth 1.65 billion rupees from a power utility based in Uttarakhand.
TVS Motor Co Ltd, India's third largest two-wheeler maker, said on Wednesday vehicle sales in June rose 5.83 percent to 115,448 units from 109,082 units a year ago.
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Sensex pares early gains
Hindu Earlier, the Sensex opened up and went up by 170 points as investors interest recovered after a 2 per cent fall in the previous session. … |
Equity diversified NAVs tumbled sharply with advance;decline ratio of 5:225, as the benchmark indices retreated on the back of huge selling in rate sensitives, infrastructure, cement, metal and pharma shares.
 Indian Express |
Sensex tumbles 292 points
Hindu MUMBAI: The Bombay Stock Exchange sensitive index, Sensex, plunged by 292 points to 14493.84 on Tuesday on across-the-board selling, sparked by slowdown in … Sensex slips after opening higher Sensex holds on to gains, 140 points up in afternoon Sensex falls 220 points at midsession |
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Sensex tumbles by 292 points on across-the-board sell-off
Hindu Mumbai (PTI): The Bombay Stock Exchange 30-share bellwether index on Tuesday plunged by 292 points on across-the-board selling, sparked by slowdown in …
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Tata Dividend Yield Fund has declared a dividend of 15%, for which the record date is July 3, 2009.
CNBCTV18 learns that USAbased TRowe Price has put in the highest bid for UTI Asset Management\’s 26% stake.
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Sensex falls 220 points at midsession
Hindu Mumbai (PTI): The Bombay Stock Exchange index Sensex fell by over 220 points at midsession today on profit selling by funds at existing higher levels. … |
 SINDH TODAY |
Nifty near day’s low; Suzlon, Tata Motors, DLF drag
Economic Times MUMBAI: Indian markets continued slip further in the red as cautious traders booked profits across the board ahead of the Union budget. Fears of below rainfall also weighed sentiments. The Economic Survey will be presented in parliament on Thursday … Sensex still in red; Realty index slips 3%Business Standard Mkts weak amid volatility; realty, auto, power slipMoneycontrol.com Sensex slips after opening higherHindu Myiris.com -Times of India -NDTV.com all 108 news articles »
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Indian Express |
Sensex slips after opening higher
Hindu Within 15 minutes of the opening bell, the benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened higher at 14830.97 points, … Sensex holds on to gains, 140 points up in afternoon Sensex falls 220 points at midsession Sensex pares early gains, down 96 points |
The initial public offer of Mahindra Holidays has been priced at Rs 300 per share. Arun Nanda, Chairman, Mahindra Holidays Resorts, said the IPO has been priced lower as a gesture to retail investors. He said the company will be listed in the next 21 days.
Equity diversified NAVs ended higher with advance:decline ratio of 230:8. The markets closed with marginal gains. Shares of oil gas, metal, real estate, banking (barring ICICI Bank) and select infrastructure companies helped the benchmark indices.
 Hindu |
Late selling trims gains
Hindu MUMBAI: Markets on Monday managed to close in the positive terrain after a hectic late hour selling pulled down the Bombay Stock Exchange benchmark Sensex … |
Mahindra Holidays fixed IPO price at Rs 300 a share. Dipan Mehta, Member, BSE/NSE said even at Rs 300 a share, it looked expensive. He was more comfortable at slightly lower levels, maybe around Rs 220230 levels, which would be a good entry point for this company.
Rishabhdev Technocables ended its first trading session with a discount of 17.58% to its issue price of Rs 33. The share closed at Rs 27.20 on the BSE.
Religare Banking Fund has announced a dividend of 7.5%, for which the record date has been fixed as July 3, 2009.
Fidelity Mutual Fund has announced a maiden dividend in Fidelity Wealth Builder Fund, for which the record date is July 1, 2009.
Edelweiss Mutual Fund has launched Edelweiss Gilt Funds, that aims to generate income and capital appreciation by investing predominantly in securities issued by the Government of India or State Governments.
Sunil B Golchha, CMD, Rishabhdev Tecnocable, targets Rs 210 crore in FY11 sales. \”FY11 EPS is seen at Rs 15.\”
Mahindra Holidays and Resorts India (MHRIL), a part of the Mahindra Group, has priced its issue price at Rs 300 a share. The price band was between Rs 275325 a share.
Rishabhdev Technocables listed at Rs 42 with a premium of 24.27% to its issue price of Rs 33 a share. At 9.57 am, the share was trading at Rs 39.90, at a premium of 20.90% to its issue price. The share touched an intraday high of Rs 47 and an intraday low of Rs 38.55 in early trade. The total traded quantity was 15,81,921 shares.
Equity diversified NAVs closed on a strong note with advance:decline ratio of 231:1 as the markets showed spectacular performance on the first day of July series.
Mahindra Holidays and Resorts India (MHRIL), a part of the Mahindra Group, closed for subscription with an initial public offering (IPO) of 92,65,275 equity shares of Rs 10 each for cash at a price to be decided through a 100% bookbuilding process. The issue got subscribed 9.8 times.
 Hindu |
Rupee recovers 50 paise against $
Hindu The Sensex closed higher by 419 points or 2.92 per cent. Asian indices gained by about 0.09 per cent to 1.78 per cent after the rise in US markets. — PTI. Rupee up 11 paise against US Dollar in early trade |
 Hindu |
Sensex up 419 points
Hindu MUMBAI: Reliance Industries and ICICI Bank triggered fresh buying on Friday as the Bombay Stock Exchange benchmark Sensex rallied by 419 points to end at … Sensex rises over 419 points on positive cues |
 Hindu Business Line |
Sensex rebounds 419 pts, Nifty rises 3.15%
Hindu Business Line The Sensex, which in the last two weeks had dipped more than seven per cent, surged 419 points to close at 14764.60, while the broader Nifty was up 3.15 per … |
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Markets this week
Hindu Business Line The Sensex plunged 195 points, to close at 14326 after trading between 14269 and 14668 in a volatile session.On the NSE the Nifty eased by 78 points, … |
After receiving fabulous response to the followon public offer (FPO), Rishabhdev Technocables will list its equity shares on the BSE on June 29, 2009. It has been fixed its FPO issue price at Rs 33 a share (including Rs 23 premium) and raised over Rs 29.70 crore.
Quantum Mutual Fund has launched Quantum Equity Fund of Funds, an openended fund of funds scheme aims to generate longterm capital appreciation by investing in a portfolio of openended diversified equity schemes of mutual funds registered with Sebi.
The initial public offering (IPO) market has found one big applicant Mahindra Holidays. The subscription for the IPO ends today. The issue has been oversubscribed by about three times. The issue size is 92.65 lakh shares and 2 crore shares have come in at the higher end of the price band about 90 lakh shares in the lower end of the price band.
Arun Nanda, Chairman, Mahindra Holidays Resorts, said even as there were reservations from quarters about the issues price, it had be seen in the light of its business model. \”The business model is unique. People are unable to totally grasp what it is.\”
Mahindra Holidays IPO opened for subscription and will close today. It IPO price band was at Rs 275325 a share. Sandeep J Shah, CEO of Sampriti Capital said Mahindra Holidays certainly excited me as a theme but not as a stock and certainly not the valuations.
NHPC is working on plan to float IPO (initial public offering) by Julyend, reports CNBCTV18 quoting sources.
Prabhudas Lilladher has come out with its research report on Mahindra Holidays and Resorts India\’s initial public offering (IPO). Mahindra Holidays opened for subscription with an IPO of 92,65,275 equity shares of Rs 10 each. The issue will close today. The research firm has recommended investors to subscribe the issue.
 Thaindian.com |
Sensex moves up further in afternoon
Hindu Around 2.30 pm, the benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14373.57 points, was trading at 14627.18 points – 281.56 … Sensex moves up by 99 points Sensex recovers initial losses Sensex falls on weak European cues |
