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Articles

Sensex crashes again, Markets shut for 1 hour
2008-01-22 06:10:00
Trading was suspended for one hour at the Bombay Stock Exchange after the benchmark Sensex fell to the low of 15,576.30 within minutes of opening,... Click on Headline to read full Article..
More About: Markets , Shut , Hour , Crashes
L&T bags largest ever export order for Reactors
2008-01-22 06:04:00
Larsen & Toubro Ltd (L&T) has announced that Larsen & Toubro’s (L&T) Heavy Engineering Division has been awarded an order to... Click on Headline to read full Article..
More About: Bags , Export , Order , Largest
Reliance Power IPO Over subscribed 69 times
2008-01-18 19:30:00
The Rs 11,700 crore initial public offering (IPO) of Reliance Power , which closed today, has been subscribed 69 times with the retail investor... Click on Headline to read full Article..
More About: Times
eClerx IPO : eClerx Services IPO Over Subscription
2007-12-04 19:48:00
eClerx IPO , eClerx Services IPO Over Subscription eClerx Services IPO subscribed 60% on day one The issue is open till December 7. The price band has been fixed between Rs 270 to Rs 315 a share of Rs 10 each. addthis_url = 'http%3A%2F%2Fbirlaa.com%2F2007%2F12%2F04 %2Feclerx-ipo-eclerx-services-ipo-over-su bscription%2F'; addthis_title = 'eClerx+IPO+%3A+eClerx+Services+IPO+Over+ Subscription'; addthis_pub ...
Ybrant Technologies IPO : Ybrant Technologies IPO Pre Placement
2007-12-04 19:37:00
 Ybrant Technologies IPO :  Ybrant Technologies IPO Pre Placement In a pre-IPO placement, Ybrant Technologies has raised $20 million from New York-based private equity and hedge fund Sansar Capital by diluting 16 per cent (2.5 million shares at Rs 325 a share) of its equity. Ybrant, which has revenues of $24 million with profits of $6 ...
More About: Internet , Logi
Air India IPO: Air India may offload 15% equity through IPO next year: Pate
2007-12-04 19:32:00
Air India IPO: Air India may offload 15% equity through IPO next year: Patel Air India may offload 15 per cent of its equity when it goes for an initial public offer in the second half of next year, Civil Aviation Minister Praful Patel said here on Tuesday. addthis_url = 'http%3A%2F%2Fbirlaa.com%2F2007%2F12%2F04 %2Fair-india-ipo-air-india-may-offload-15 -equity-through-ipo-next-year-patel%2F'; ...
More About: Year , Equity
Sterlite Energy IPO (SEL IPO) : Sterlite Energy Pre - IPO Placement
2007-12-04 02:38:00
Sterlite Energy IPO (SEL IPO) : Sterlite Energy Pre - IPO Placement Sterlite Energy (SEL), a subsidiary of  Sterlite Industries, is in talks with private equity firms and financial investors to sell around 15% in the largest pre-IPO placement in the country. Citigroup Global Markets and DSP Merrill Lynch are advising Sterlite Energy on the transaction, which ...
More About: Power
Rashtriya Ispat Nigam Ltd (RINL) IPO , RINL IPO
2007-12-03 19:15:00
Rashtriya Ispat Nigam Ltd (RINL) IPO :  RINL IPO  The government will soon offload 25 per cent stake in Rashtriya Ispat Nigam Ltd (RINL), making it the first disinvestment in a profit-making steel PSU. “In response to a proposal of the Finance Ministry asking us to consider offloading some s take, the RINL Board has okayed ...
More About: Commodities
Persistent Systems IPO : Persistent Systems IPO Grade 4/5
2007-12-03 19:00:00
Persistent Systems IPO : Persistent Systems IPO Grade 4/5  CRISIL assigned an IPO Grade 4/5 to Persistent Systems IPO (PSL) of 4,974,836 equity shares of face value Rs 10 at a targeted price of Rs 375 a share. addthis_url = 'http%3A%2F%2Fbirlaa.com%2F2007%2F12%2F03 %2Fpersistent-systems-ipo-persistent-syst ems-ipo-grade-45%2F'; addthis_title = 'Persistent+Systems+IPO+%3A+Persistent+Sy stems+IPO+Grade+4%2F5++'; addthis_pub = '';
More About: Stem
Emaar MGF IPO : Emaar sees India IPO clearance by Jan 2008
2007-12-03 17:54:00
Emaar MGF IPO : Emaar sees India IPO clearance by Jan 2008 Emaar Properties, the largest Arab real estate developer by market value, expects clearance for a public issue of shares in Indian unit Emaar MGF by January, its chief said on Monday. Mohamed Alabbar, chairman of Dubai-based Emaar Properties, said he expects to raise $1.7 billion ...
More About: Real Estate , Clearance , Sees
BGR IPO : BGR raises Rs 190 crores from Citi VC, Reliance MF
2007-12-03 17:52:00
BGR raises Rs 190 crores from Citi VC, Reliance MF BGR Energy Systems has raised Rs 190 crore via pre-initial public offering (IPO) placements from Citi Venture Capital and Reliance Mutual Fund. The 9.1 million share IPO of the company, a provider of ancillary equipment and turnkey engineering services to power projects, will open on December 5, ...
More About: Power
Sun TV launches FM station at Pondicherry
2007-12-03 17:48:00
Sun TV Network Ltd has announced the launching of its FM Radio Station at Pondicherry under the brand ‘S FM” from December 04, 2007 through its subsidiary Kal Radio Ltd. This Station can be heard at 93.5 MHz frequency in Pondicherry. The Programs will cater to the audience of all age groups. With the launch of ...
More About: Entertainment
Reliance Energy to raise Rs 8000 cr
2007-12-03 06:04:00
Reliance Energy Ltd has informed that the Board of Directors of the Company at its meeting held on December 02, 2007 has approved the proposal for new equity capital infusion of up to Rs 8,000 crore into the Company. The Reliance Energy group is engaged in several mega projects under implementation and under consideration, in power ...
More About: Power , Reliance
BGR Energy IPO Analysis : Subscribe to BGR Energy IPO
2007-12-02 16:42:00
BGR Energy IPO Anal ysis : Subscribe to BGR Energy IPO Pranav Securities (P-sec) has come out with report on BGR Energy Systems IPO. The firm has recommended to subscribe the issue. BGR Energy Systems, a supplier of systems and equipment for the power, oil & gas, refinery, petrochemical and process industries, proposes to enter the capital markets ...
More About: Scribe
GMR Energy IPO : GMR Energy IPO in Q1CY08
2007-12-02 16:42:00
GMR Infrastructure is likely to float IPO for GMR Energy in Q1CY08, reports CNBC-TV18 quoting sources. GMR Infra may raise USD 250-300 million via GMR Energy IPO. Board resolution on GMR Energy IPO is likely before 2007-end. GMR Infrastructure holds 100% stake in GMR Energy. The managment has declined to comment on GMR Energy IPO. addthis_url ...
Mahindra Holidays IPO : Mahindra Holidays IPO by March 2008
2007-12-02 16:40:00
Mahindra Holidays IPO : Mahindra Holidays IPO by March 2008 Arun Nanda, ED, M&M said that the company has planned to float  Mahindra Holidays and Resorts IPO by March 2008 . It will file red herring prospectus next week and has finalised 2 merchant bankers for IPO. Internal accruals will also fund expansion plans of the Mahindra Resorts. ...
More About: Mahindra
L&T Infotech IPO : L&T Infotech IPO likely in H2 2008
2007-12-02 16:39:00
L&T Infotech IPO : L&T Infotech IPO likely in H2 2008 L & T Infotech IPO can be expected in H2 2008  according to CFO of L & T addthis_url = 'http%3A%2F%2Fbirlaa.com%2F2007%2F12%2F02 %2Flt-infotech-ipo-lt-infotech-ipo-likely -in-h2-2008%2F'; addthis_title = 'L%26T+Infotech+IPO+%3A+L%26T+Infotech+IP O+likely+in+H2+2008'; addthis_pub = '';
Tata Tea Results : Tata Tea Q2 net dips 43.71% at Rs 109.24 cr
2007-10-29 17:55:00
Tata Tea Q2 net dips 43.71% at Rs 109.24 cr Tata Tea Ltd has announced the following audited results for the quarter ended September 30, 2007: The company has posted a profit after tax of Rs 64.81 crore for the quarter ended September 30, 2007 as compared to Rs 163.92 crore for the quarter ended September 30, ...
More About: Results , Beverages , Tata
Mukesh Ambani is the World?s Richest Man
2007-10-29 17:52:00
Billionaire Mukesh Ambani today became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market. Following a strong share price rally on in his three group companies, India’s most valued firm Reliance Industries, Reliance ...
More About: World , General , The World
GMDC Results : GMDC Q2 net up 170% at Rs 41.76 cr
2007-10-29 17:47:00
Gujarat Mineral Development Corporation Ltd (GMDC) has announced the following unaudited results for the quarter ended September 30, 2007: The company has posted a net profit after tax of Rs 41.76 crore for the quarter ended September 30, 2007 as compared to Rs 15.46 crore for the quarter ended September 30, 2006. Total Income has increased ...
More About: Commodities , Results
BHEL Results : BHEL Q2 net up 91% at Rs 687.66 cr
2007-10-29 17:40:00
BHEL Q2 net up 91% at Rs 687.66 cr Bharat Heavy Electricals Ltd (BHEL) has announced the following unaudited results for the quarter ended September 30, 2007: The company has posted a net profit of Rs 687.66 crore for the quarter ended September 30, 2007 as compared to Rs 360 crore for the quarter ended September 30, ...
More About: Results , Infrastructure
Barak Valley Cements IPO : Barak Valley Cements IPO subscribed 116%
2007-10-29 12:22:00
Barak Valley Cements (BVCL), a cement manufacturer, received 116% subscription for its initial public offer (IPO) within first 5 hours after opening. The IPO received 6,555,300 bids as against issue size of 5.66 million shares. A total of 92,100 bids were received at the cut off price. Issue opened today and will close on Nov. 1, ...
More About: Barak , Subs , Scribe
Religare Enterprises IPO Over Subscription
2007-10-29 12:21:00
Religare IPO oversubscribed 5.95 times Religare Enterprises (REL), a financial services company, received overwhelming response to its initial public offer (IPO) on the very first day. The IPO oversubscribed 5.95 times, led by qualified institutional investors Religare Enterprises (REL) IPO, a financial services company, received 3.42 times oversubscription for its initial public offer (IPO) within first 5 ...
More About: Subs
No need for Noida airport, DIAL tells government
2007-10-29 11:32:00
A second facility will impact the viability of Delhi. Responding to a cabinet proposal to build a new airport in Jewar, Noida , Delhi International Airport Ltd (DIAL), the joint venture that operates Delhi airport, has told the ministry of civil aviation that the expanded capacity of the modernised airport will take care of the entire traffic ...
More About: Government , Aviation , Tells
FirstSource Results : Firstsource net zooms 143%, to raise $275mn
2007-10-29 11:30:00
Mumbai-based pure-play business process outsourcing (BPO) company Firstsource Solutions reported a 143% rise in net profit at Rs 45.6 crore for the quarter ended September 30, 2007 when compared with Rs 18.7 crore in the corresponding quarter of the last financial year. Revenue for the quarter was Rs 296.5 crore, up nearly 62% from Rs 183.2 ...
More About: Results , S 14
Jet Airways Results : Jet Airways Q2 net Profit at Rs 28cr, income up 26%
2007-10-29 11:29:00
Jet Airways, India’s largest private carrier,  has posted a net profit of Rs 28.36 crore for the second quarter ended September 30, 2007 when compared with a net loss of Rs 55.13 crore in Q2FY07. Total income increased 26%  to Rs 2,254.17 crore for the quarter ended September 30, 2007 from Rs 1,787.33 crore in the ...
More About: Results , Profit , Aviation , Income , Jet Airways
Sensex hits 20K, ends up 709pts at 19,952
2007-10-29 11:26:00
The Sensex opened with a positive gap of 378 points at 19,621, and then there was no looking back. Sustained buying across-the-board, saw the index zoom past the 20,000-mark in late noon deals. The index touched a fresh all-time intra-day high of 20,025. The Sensex finally ended (provisional) with a gain of 709 at 19,952.
More About: Hits , Ends
Edelweiss Capital?s IPO : Edelweiss Capital?s IPO Updates
2007-10-23 07:17:00
Edelweiss Capital ’s IPO Edelweiss Capital’s IPO information will be updated frequently in this page The proposed initial public offering of equities broking firm Edelweiss Capital has been assigned an IPO grade of 4/5 by rating agency CRISIL , reflecting that the fundamentals of the issue are above average.  ...
More About: Updates
Tatas joins race for GSM spectrum
2007-10-23 06:51:00
The Tata group has applied for GSM spectrum in 20 circles, reports Business Standard. The company operates CDMA-technology mobile phone services. The application was made through two Tata-promoted companies - Tata Teleservices and Tata Teleservices (Maharashtra). Tata Teleservices applied for spectrum in 18 circles. Tata Teleservices (Maharashtra) runs CDMA services in Maharashtra and Mumbai. The Department of ...
More About: Race , Telecom , Spectrum
Mundra Ports & SEZ IPO ( MPSEZL IPO ): MPSEZL IPO
2007-10-22 06:18:00
Mundra Ports & SEZ IPO For information on MPSEZL IPO ( Mundra Ports IPO ) check here for updates Adani group promoted Mundra Port and Special Economic Zone Ltd (MPSEZL)  IPO is planning to raise Rs 1,500 crore through an initial public offer to part fund the development of the port. The company plans to hit the ...
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