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R-Com plans to roll out GSM services in 100 cities in 6 months
2007-10-22 06:13:00 To offer dual-chip phones for both its CDMA and GSM networks. CDMA-technology service provider Reliance Communications (R-Com) has prepared a plan to roll out its GSM services in over 100 cities and towns within six months of the government providing it spectrum (radio frequencies that enable wireless communications). This will be part of the first phase of ... More About: Services , Cities , Roll , Plans , Telecom
Grey market sees red, halts trade
2007-10-21 10:53:00 Grey market sees red, halts trade The collapse of the unofficial market has spread to dabba trading as well The high volatility in the secondary market has brought trading in the grey market for yet-to-be-listed stocks to a grinding halt. In the last couple of days, no grey market trades have taken place in Ahmedabad, the biggest such ... More About: Market , Grey , Trade , Sees
Dow drops over 350pts
2007-10-20 10:15:00 Dow drops over 350pts Caterpillar Inc.'s warning that the housing slump was infecting the economy sent US stocks tumbling on Friday - a drop that rekindled memories of the 1987 market crash. While the Dow fell 367 points (2.64%) to 13,522, the Nasdaq Composite dropped 74 points (2.65%) to 2,725. Indian ADRs also declined sharply yesterday. Wipro ... More About: Drop
Reliance enters wellness format
2007-10-20 08:29:00 Reliance enters wellness format; opens outlet in Hyderabad Reliance Retail, which began its retail initiative here by launching the Fresh outlet last year, has chosen the city again for kicking off its wellness format, a ‘one-stop-shop’ for all health and wellness needs. The company, however, chose to keep it a low-key event, though the top brass ... More About: Wellness , Reliance , Format , Well
Reliance Power IPO : Reliance Power IPO Rumours
2007-10-20 08:09:00 Reliance Power IPO: Ministry may refer issue to SEBI Earlier this month, Reliance Power filed its draft red herring prospectus with SEBI. According to the complaints, the proposal to transfer all projects from REL to Reliance Power has not been taken to the shareholders of Reliance Energy According to market participants such talk led to the fall of ... More About: Rumours , Reliance
BILPOWER entering Transmission & Distribution
2007-10-19 17:17:00 BILPOWER entering Tran smission & Dis= tribution Bilpower Ltd has announced the following: 1.= The Company is qualified as the "Turnkey Contractor" for the EPC= Business in the Transmission and Distribution Segment of Power Sector by M= aharashtra State Electricity Distribution Company Ltd (MSEDCL). In view of the same, the Company proposes to venture into Transmiss= ... More About: Erin , Missi
ICICI Bank Q2 net up 33%, beats forecast
2007-10-19 14:24:00 India’s second-largest bank, ICICI Bank , reported a 33 per cent rise in quarterly net profit on Friday, beating forecasts and helped by growing demand for loans in the booming economy. The bank, which is also listed in New York, , said net profit in July-Spetember, its fiscal second quarter, was Rs 1003 crore ($252 million), ... More About: Results , Banking , Beats , Forecast
Sebi asks for data on deals
2007-10-19 12:27:00 The Securities and Exchange Board of India (Sebi) has asked for data from the National Stock exchange and the Bombay Stock exchange ? regarding the transactions on Wednesday and Thursday. The market regulator?s query follows the 1,700 point crash in the market on Wednesday within minutes of opening. Sources close to the development said that the objective ... More About: Data
Market-wide Put call ratio down 33.94%
2007-10-19 12:26:00 The markets on Thursday traded volatile throughout the day. Out of the total 2824 shares traded at the BSE, 1053 advanced, 1716 declined, while 55 remained unchanged. Volumes on both BSE and NSE surged to a record high. The BSE clocked a turnover of Rs 103.08 billion, and the total turnover on NSE amounted to Rs ... More About: Market , Wide , Call
RCom pays Rs 1,651cr for GSM biz
2007-10-19 12:26:00 Anil Ambani-led Reliance Communications today paid Rs 1,651 crore to the department of telecom (DoT) as fee for GSM services. The Department of Telecom (DoT) yesterday granted three companies - Reliance Communications, HFCL and Shyam Telelink - the right to use GSM technology in their existing licence areas where they currently offer mobile services using CDMA ... More About: Pays
Inflation drops to 5-year low of 3.07%
2007-10-19 12:23:00 Inflation based on the wholesale price index (WPI) dropped to a five-year low of 3.07% for the week ended October 6 when compared with 3.26% in the previous week, mainly due to the decline in prices of essential items like fruits and vegetables, eggs, cereals and some manufactured goods. The inflation was at 5.36% during the ... More About: Inflation , Year , Drop , Flat
Motilal Oswal net jumps 3 fold for Sep`07 qtr
2007-10-19 09:44:00 Mumbai-based brokerage house Motilal Oswal Financial Services (MOFSL) reported a three-fold jump, in its net profit to Rs 330 million in the quarter ended September 2007 as compared to Rs 110 million in the corresponding quarter last year. Results for the quarter ended September 2007 (Q2 FY08) The company demonstarted a strong top line growth of 2.12 ... More About: Fold
Rel Comm gets DoT nod for nationwide GSM services
2007-10-19 07:35:00 Reliance Comm unications (RCOM) received requisite approvals,from the department of telecommunications (DoT), to offer GSM services on a nation wide basis under its existing Unified Access Service Licenses. Reliance Communication had earlier applied to convert its existing GSM licences in seven circles into unified access service licences. Shares of the company were last trading up Rs 3.55 , ... More About: Services , Telecom
Raj Television to enter film production
2007-10-19 07:31:00 Raj Television Network, intends to start producing full-length feature films, by the first quarter of fiscal 2008, reports Business Line. The company will invest Rs 60 million. Film production will give the company rights to broadcast parts as well as the entire film. Raj has a database of about 3,000 films and holds film rights for ... More About: Media , Production , Enter
GLOBAL SPIRITS IPO :Globus Spirits to raise Rs 68 cr
2007-10-19 06:33:00 GLOBAL SPIRITS IPO New Delhi-based Globus Spirits is planning to tap the capital markets with an initial public offering (IPO) of Rs 680 million, reports Business Standard. The company has filed for a draft red herring prospectus (DRHP) with Securities & Exchange Board of India (Sebi). SREI Capital Markets will be the Book Running Lead Manager for ... More About: Global
Dhanus Tech gets listed at Rs 295
2007-10-17 07:41:00 Chennai-based Dhanus Tech nologies (DTL), a company engaged in telecom, IT enabled services and BPO business, got listed at its issue price of Rs 295, on the National Stock Exchange (NSE). The company touched a high of Rs 325 at the NSE, representing a 10% premium over its issue price of Rs 295. However, as the market ... More About: Listed
Market hits lower circuit : Trading Halted
2007-10-17 06:50:00 Market hits lower circuit : Trading Halted With a view to monitoring the investment by FIIs through offshore derivative Instruments (ODIs), SEBI has slammed brakes on the flows of anonymou foreign capital. Once the SEBI proposals are operationalised, only FIIs whose outstanding notes do not exceed 40% of their total asset holding in India will be ... More About: Circuit , Lower , Hits
SVPCL IPO opens on Oct.22
2007-10-17 06:24:00 SVPCL`s Rs 34 cr IPO opens on Oct.22 Paper manufacturer SVPCL is coming out with an initial public offering (IPO) of Rs 34 crs, to fund its expansion plans, reports Business Line. The company`s IPO will be open for subscription from October 22 to October 26. The price band for the issue has been fixed at Rs ...
IFCI to issue 40 cr shares as part of restructuring
2007-10-17 05:04:00 IFCI to issue 40 cr shares as part of restructuring Before IFCI sheds the 26% stake to its stategic partner, it will give its lenders the option of converting part of their debt into equity. The capital could expand by 37.5% before the stake sale and the option to convert has been advanced by 14 years ... More About: Part , Shares , Turin , Ares , Issue
Basant Agro Tech India - Update
2007-10-17 05:03:00 Basant Agro Tech India Ltd has informed that the State Government is very kind enough for SSP fertilizer as it has increased the Maximum Retail Price (MRP) of SSP fertiliser by Rs 450/- Per M.T. from October 12, 2007. Recently, the Central Govt. had increased the subsidy on SSP fertilizers by Rs 150/-. Accordingly, the ... More About: Fertilizer , Update , Basant
Market expects huge selloff; ADRs dip
2007-10-17 04:46:00 Market expects huge selloff; ADRs dip The proposed restrictions on participatory notes (PNs) are expected to trigger a sell-off by hedge funds, and other short-term players, experts said. As a result, the Sensex, which has risen nearly 35 per cent in the last two months, may also feel the heat when the markets open on Wednesday ... More About: Market , Huge
Sebi clamps down on P Notes
2007-10-17 04:45:00 The Securities and Exchange Board of India (Sebi) today proposed to tighten the rules for purchase of shares and bonds in Indian companies through the participatory note (PN) route. The move is aimed at arresting the surge in foreign inflows through PNs, which are offshore derivative instruments that allow foreign investors to invest indirectly in ... More About: Notes , Clam
Religare Enterprises Limited IPO Religare IPO
2007-10-16 12:20:00 Religare Enterprises Limited IPO Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company. Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. It offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional ...
Dhanus Technologies Ltd IPO Allotment Dhanus Technology IPO
2007-10-16 12:13:00 Dhanus Technologies Ltd IPO Allo tment Dhanus Technologies IPO Dhanus Technologies Ipo status is out.Investors who have applied in Dhanus technologies Ipo can check their allotment status here http://210.18.91.212/nipo1.asp?IPO_querie s=4 Many investors have been allototed only 21 shares . Allotment is very poor even if you had applied your full quota of 300 shares. Investors can book their profit on Listing date ... More About: Technology , Logi
Market wide Put call ratio up 21.41%
2007-10-16 07:22:00 The market on Monday crossed the pyschological barrier of 19,000. Out of the total 2,838 shares traded at the BSE, 1,899 advanced, 875 declined, while 64 remained unchanged. The BSE benchmark index, Sensex, opened 276 points up and traded bullish throughout the day. While volumes on BSE surged, the volumes on NSE declined. The BSE clocked ... More About: Market , Wide , Call
HC`s ruling may have spillover affect on Reliance Power IPO
2007-10-16 07:05:00 The forthcoming IPO of Reliance Power , may not remain untouched by the Bombay high court`s order to Anil Ambani Group`s RNRL and Mukesh Ambani`s Reliance Industries (RIL) to rework a gas supply agreement, as Reliance Power`s two projects rely on gas supplies from RIL`s KG basin fields. Reliance Power, a subsidiary of Reliance Energy that is seeking ... More About: Ruling
Orbit Corporation Q2 net profit up at Rs 39.9 cr
2007-10-16 05:29:00 Orbit Corporation declared its Q2 FY08 result. Its second quarter net profit was at Rs 39.9 cr vs Rs 18.3 cr on QoQ basis. During the corresponding quarter, its net sales were at Rs 97.6 cr vs Rs 63.6 cr, (QoQ). More About: Real Estate , Results , Profit , Orbit
Reliance Power IPO Reliance Power IPO Analysis
2007-10-15 16:15:00 Reliance Power IPO Reliance Power IPO Anal ysis Reliance Power Limited has recently filed its Draft Red Herring Prospectus (DRHP) with SEBI. Reliance Power Limited IPO which would be one of the biggest IPO in Indian stock markets which will issue 130 crore equity shares of Rs 2 each at a price to be decided later. The ... More About: Reliance
IFCI net rises 4.29 times in Sep `07 Qtr
2007-10-15 15:25:00 Leading lender to corporates, IFCI, disclosed a phenomenal jump in the net profit for the quarter ended September 2007. During the quarter, the company experienced a 4.29 times rise in profit to Rs 4,972.90 million from Rs 1,158.30 million in the quarter ended September 2006. Net sales for the reporting quarter stood at Rs 5,916 million. Total ... More About: Results , Banking , Times
KLG Systel bags Rs 75 cr order
More articles from this author:2007-10-15 15:05:00 KLG Systel received Rs 75 crore contract for implementation of their software Vidushi and automatic meter reading (AMR)/advanced metering infrastructure (AMI) System i.e. SG 61 by a power distribution utility in India. The system shall be implemented in twelve months and maintained for five years. It shall cover one million power customers for ... More About: Power , Bags , Order , Orders 1, 2, 3, 4, 5, 6, 7 |
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