http://economictimes.indiatimes.com/
Tata, SAIL form equal JV for coal blocks
Hindujas, ONGC lead $20 bn investment in Iran, India
Indian stock markets third best performing in the world
Govt to remove cap on number of partners in partnership cos
Allow 74% FDI in mobile TV, auction licence: TRAI
Ford names Tata as preferred bidder for Jaguar, Land Rover
Indiabulls Wholesale buys 43.92% stake in Piramyd Retail
HPCL, Reliance among bidders for Bihar sugar mills
Promote juniors to check attrition at BPOs
Gold zooms, crosses Rs 11,000 mark
PSU's outperform pvt sector firms
Re stronger by 4 paise against dollar
Sensex loses 120 points
Cement shares hit by TN govt's threat
Audi A6 to get cheaper by up to Rs 2.1 lakh
Rajesh Exports sees FY08 net profit at Rs 200 crore
Laterals begin with record Rs 40-lakh offer at IIM-Kozhikode
India emerges as global centre for animators
Stocks to watch on Thursday
Power, energy shares outperform in choppy trade
Indian stock markets third best performing in the world
R-Power IPO: You can pay in phases
UTI Asset overtakes ICICI Pru as No. 2
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This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
03 January 2008
Top executives make crores by encashing stock options : ET
Top executives make crores by encashing stock options
Forget year-end bonuses. India Inc’s professionals have capitalised on the market boom to make some serious money in the last quarter of 2007. With the market at record levels, several big shots encashed crores by selling part of their stock options in the last three months.
While several of them pulled out a few lakhs, some big shots including Vineet Nayyar of Tech Mahindra, HDFC’s Deepak Parekh and Renu Karnad, AM Naik and VK Magapu of L&T and PB Kashyap of Ambuja Cement have grossed crores in the run-up to the new year. The biggest gainer was Tech Mahindra MD Vineet Nayyar, who encashed Rs 23 crore last week.
The head of the outsourcing firm which went public in 2006 is still sitting on a neat pile. Given the outstanding shares in his name, Mr Nayyar currently owns Tech Mahindra shares worth a little over Rs 140 crore, which would place him among the best compensated chief executives in the country. Among other well-known names, HDFC's Deepak Parekh and Renu Karnad sold shares worth Rs 9.3 crore each in mid-December. They had earlier sold shares worth about Rs 5 crore each in late September. And that’s not all.
The current value of the shares that Ms Karnad holds adds up to Rs 45.45 crore or more than $11 million, while that of Mr Parekh stands at Rs 60 crore or about $15 million. Some of the other board members of HDFC also encashed a part of their holdings. For instance, SB Patel has encashed about Rs 1.38 crore at the fag end of October, while NM Munjee, an independent director in HDFC and currently chairman of Development Credit Bank, encashed about Rs 92 lakh through multiple transactions over the last eight weeks. It's not just the service sector companies whose top execs have hit bull’s eye.
Take engineering and construction giant Larsen & Toubro (L&T), which has been facing succession issues. The company, which had to extend the retirement age of its top management, including its chairman and managing director, has created quite a few millionaires. L&T chairman and managing director AM Naik sold shares worth Rs 8.6 crore between end of October and early November.
Among others, whole-time director VK Magapu encashed Rs 8.5 crore while RN Mukhija and KV Ramaswami pulled out approximately Rs 87 lakh and Rs 84 lakh respectively.
Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Forget year-end bonuses. India Inc’s professionals have capitalised on the market boom to make some serious money in the last quarter of 2007. With the market at record levels, several big shots encashed crores by selling part of their stock options in the last three months.
While several of them pulled out a few lakhs, some big shots including Vineet Nayyar of Tech Mahindra, HDFC’s Deepak Parekh and Renu Karnad, AM Naik and VK Magapu of L&T and PB Kashyap of Ambuja Cement have grossed crores in the run-up to the new year. The biggest gainer was Tech Mahindra MD Vineet Nayyar, who encashed Rs 23 crore last week.
The head of the outsourcing firm which went public in 2006 is still sitting on a neat pile. Given the outstanding shares in his name, Mr Nayyar currently owns Tech Mahindra shares worth a little over Rs 140 crore, which would place him among the best compensated chief executives in the country. Among other well-known names, HDFC's Deepak Parekh and Renu Karnad sold shares worth Rs 9.3 crore each in mid-December. They had earlier sold shares worth about Rs 5 crore each in late September. And that’s not all.
The current value of the shares that Ms Karnad holds adds up to Rs 45.45 crore or more than $11 million, while that of Mr Parekh stands at Rs 60 crore or about $15 million. Some of the other board members of HDFC also encashed a part of their holdings. For instance, SB Patel has encashed about Rs 1.38 crore at the fag end of October, while NM Munjee, an independent director in HDFC and currently chairman of Development Credit Bank, encashed about Rs 92 lakh through multiple transactions over the last eight weeks. It's not just the service sector companies whose top execs have hit bull’s eye.
Take engineering and construction giant Larsen & Toubro (L&T), which has been facing succession issues. The company, which had to extend the retirement age of its top management, including its chairman and managing director, has created quite a few millionaires. L&T chairman and managing director AM Naik sold shares worth Rs 8.6 crore between end of October and early November.
Among others, whole-time director VK Magapu encashed Rs 8.5 crore while RN Mukhija and KV Ramaswami pulled out approximately Rs 87 lakh and Rs 84 lakh respectively.
Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India's top businesswomen : ET
India's top businesswomen
Chanda KoccharExecutive Director, ICICI BankMs Chanda Kochhar joined ICICI as a Management Trainee in 1984. She heads the Corporate Centre of the Bank, is the Chief Financial Officer (CFO) and is also the official spokesperson for ICICI Bank.
Her responsibilities include the global treasury, principal investments & trading, risk management and legal functions. Also responsible for day-to-day guidance and administrative matters. She did her Masters in Management Studies from the Jamnalal Bajaj Institute of Management Studies, Mumbai where she topped her batch and received the Wockhardt Gold Medal for Excellence in Management Studies.Ms Kochhar was born on November 17, 1961, in Jodhpur, Rajasthan. Presently, she resides in Mumbai and is married and has a daughter and a son.
More List @ http://economictimes.indiatimes.com/quickiearticleshow/2639132.cms
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Chanda KoccharExecutive Director, ICICI BankMs Chanda Kochhar joined ICICI as a Management Trainee in 1984. She heads the Corporate Centre of the Bank, is the Chief Financial Officer (CFO) and is also the official spokesperson for ICICI Bank.
Her responsibilities include the global treasury, principal investments & trading, risk management and legal functions. Also responsible for day-to-day guidance and administrative matters. She did her Masters in Management Studies from the Jamnalal Bajaj Institute of Management Studies, Mumbai where she topped her batch and received the Wockhardt Gold Medal for Excellence in Management Studies.Ms Kochhar was born on November 17, 1961, in Jodhpur, Rajasthan. Presently, she resides in Mumbai and is married and has a daughter and a son.
More List @ http://economictimes.indiatimes.com/quickiearticleshow/2639132.cms
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India's top businesswomen : ET
Moneycontrol, Myiris Updates
Moneycontrol.com
Indian valuations can get re-rated like China: ICICI Pru
Mkts in midst of structural bull-run: Edelweiss
Ford to focus on detailed talks with Tata Motors
Fuel price hike not the only option: Murli Deora
Outlook ahead: IT, banking, power
Burnpur Vs BGR: Which one made you richer?
Quiet day of trading despite global weakness
Immediate focus on excess cap inflows: Reddy
BoB may divest 12.5% stake in UTI AMC IPO
TN govt threatens to nationalise cem cos
Stellar Listing for BGR Energy Systems IPO
Deutsche Bank expects 25 bps Fed cut in Jan
-------------------------------------------
Myiris.com
FIIs turn net sellers in equities worth Rs 2,445 mn on Jan. 2
Indo Asian Fusegear starts new Switchgear plant
Jindal Saw secures orders worth USD 250 mn
SAIL & Tata Steel forms JV for coal mining in India
Brokers Outlook: Volatility to continue
GM Breweries Q3 net jumps 86.02%
Tulip IT Services secures project worth Rs 577.2 mn
Reliance MF launches Natural Resource Fund
Parsvnath to to set up Pharma SEZ in Nanded
Equity funds outperform in 2007
Genus Power secures Rs 1.25 bn order
GVK Power gets orders worth Rs 1.25 bn
SAIL Q3 results on Jan 29
Jindal Steel gets Bolivian Govt.`s approval for steel plant
Celestial Labs net dips 45.55% for Dec`07 qtr
Supreme Infra. bags Rs 720 mn order from TMC
IOC may tie up with Peerless to sell financial products
MTNL may get pan-India mobile licence
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Indian valuations can get re-rated like China: ICICI Pru
Mkts in midst of structural bull-run: Edelweiss
Ford to focus on detailed talks with Tata Motors
Fuel price hike not the only option: Murli Deora
Outlook ahead: IT, banking, power
Burnpur Vs BGR: Which one made you richer?
Quiet day of trading despite global weakness
Immediate focus on excess cap inflows: Reddy
BoB may divest 12.5% stake in UTI AMC IPO
TN govt threatens to nationalise cem cos
Stellar Listing for BGR Energy Systems IPO
Deutsche Bank expects 25 bps Fed cut in Jan
-------------------------------------------
Myiris.com
FIIs turn net sellers in equities worth Rs 2,445 mn on Jan. 2
Indo Asian Fusegear starts new Switchgear plant
Jindal Saw secures orders worth USD 250 mn
SAIL & Tata Steel forms JV for coal mining in India
Brokers Outlook: Volatility to continue
GM Breweries Q3 net jumps 86.02%
Tulip IT Services secures project worth Rs 577.2 mn
Reliance MF launches Natural Resource Fund
Parsvnath to to set up Pharma SEZ in Nanded
Equity funds outperform in 2007
Genus Power secures Rs 1.25 bn order
GVK Power gets orders worth Rs 1.25 bn
SAIL Q3 results on Jan 29
Jindal Steel gets Bolivian Govt.`s approval for steel plant
Celestial Labs net dips 45.55% for Dec`07 qtr
Supreme Infra. bags Rs 720 mn order from TMC
IOC may tie up with Peerless to sell financial products
MTNL may get pan-India mobile licence
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CoolAvenues Top Job alerts
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Finance Executive : Big 92.7 FM
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Debt Dealer : A Leading AMC in India http://www.coolavenues.com/jobs/1207_1_1504.php
Information Research Analyst : 100% Subsidiary of a Leading Bank http://www.coolavenues.com/jobs/1207_1_1521.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Manager - Business Planning & Analysis : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1527.php
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Relationship Manager - Banc Assurance : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1538.php
Associate Manager - Corporate Sales : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1539.php
Business Manager : A Leading Global Investment Bank http://www.coolavenues.com/jobs/1207_1_1544.php
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General Manager - OOH Division (Big Street) : Big 92.7 FM http://www.coolavenues.com/jobs/1207_1_1513.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Team Leader - Operations : A Leading Bank http://www.coolavenues.com/jobs/1207_1_1519.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Head / VP - Manufacturing (India) - Plastic Packaging (Blow & Injection) : One of the Top-3 Global Giants in Plastic Packaging / Processing http://www.coolavenues.com/jobs/1207_1_1541.php
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Associate / Sr. Associate / AVP / VP - Private Equity : A Leading Global Private Equity http://www.coolavenues.com/jobs/1207_1_1482.php
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Multiple Openings in Asset Reconstruction : One of the Leading Fortune 500 Investment Banks http://www.coolavenues.com/jobs/1207_1_1485.php
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Finance Executive : Big 92.7 FM
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Research Specialist : A Leading Pan-European Investment House http://www.coolavenues.com/jobs/1207_1_1502.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Debt Dealer : A Leading AMC in India http://www.coolavenues.com/jobs/1207_1_1504.php
Information Research Analyst : 100% Subsidiary of a Leading Bank http://www.coolavenues.com/jobs/1207_1_1521.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Manager - Business Planning & Analysis : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1527.php
VP / Sr. VP - Emerging Corporates : A Leading Private Sector Bank http://www.coolavenues.com/jobs/1207_1_1526.php
AVP - Finance : Largest Electronic Channel http://www.coolavenues.com/jobs/1207_1_1528.php
Relationship Manager - Banc Assurance : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1538.php
Associate Manager - Corporate Sales : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1539.php
Business Manager : A Leading Global Investment Bank http://www.coolavenues.com/jobs/1207_1_1544.php
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General Manager - OOH Division (Big Street) : Big 92.7 FM http://www.coolavenues.com/jobs/1207_1_1513.php
Country Manager : A Leading Global Cold Storage http://www.coolavenues.com/jobs/1207_1_1503.php
Team Leader - Operations : A Leading Bank http://www.coolavenues.com/jobs/1207_1_1519.php
Manager - Quality : One of the Big Four Consulting Organizations http://www.coolavenues.com/jobs/1207_1_1525.php
Head / VP - Manufacturing (India) - Plastic Packaging (Blow & Injection) : One of the Top-3 Global Giants in Plastic Packaging / Processing http://www.coolavenues.com/jobs/1207_1_1541.php
---------------------------------------------------------
Finance / Banking Positions
Associate / Sr. Associate / AVP / VP - Private Equity : A Leading Global Private Equity http://www.coolavenues.com/jobs/1207_1_1482.php
Senior Manager : A Leading Insurance Company http://www.coolavenues.com/jobs/1207_1_1483.php
Associate : A Leading KPO http://www.coolavenues.com/jobs/1207_1_1484.php
Multiple Openings in Asset Reconstruction : One of the Leading Fortune 500 Investment Banks http://www.coolavenues.com/jobs/1207_1_1485.php
Opening in Internal Audit : A Leading Global Fortune 500 Company http://www.coolavenues.com/jobs/1207_1_1486.php
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Free Job Listing & PR Listing
Analysts Meet - Reliance Power
NSE Burnpur Deals
Market Close: Global weakness weighs
Nifty January 2008 futures at discount
BGR Energy Systems - rewards investors well
Burnpur Cement - the stunner
Nucleus Software Exports
India IT, HPCL, IOC, Castrol, Colgate, Automobiles
Post Market Commentary - Jan 3 2008
Sensex dips on US recession fears
Market drifts lower
HDFC Real Estate PMS
Balaji Telefilms
Mindtree Consulting
Oil worries may drag market
Grey Market - Future Capital, Reliance Power
Lower start, raise your standard
Reliance Power - Part Payment Option
Ahluwalia Contracts India
REITs - Positive for Real Estate
Q3FY2008 IT Earnings Preview
NSE Bulk Deal Watch - Jan 3 2008
India best performing markets
Precious metals glitter
Crude at $100
Reliance Energy - the story
Reliance Power - the biggest IPO to hit the market...
Best Regional Investors in India
-----------------------------------------------------------------------
http://freestocktips-2007.blogspot.com/
Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd
Corporation Ltd.Industry:Air Conditioners
Recommendation:Performer
MOre @ Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd Corporation Ltd.
----------------------------------------------
Company:Bayer Cropscience Ltd.
Industry:Pesticides/Agro Chemicals
Recommendation:Performer
More @ Bayer Cropscience Ltd Stock Report
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Free Job Listing & PR Listing
Analysts Meet - Reliance Power
NSE Burnpur Deals
Market Close: Global weakness weighs
Nifty January 2008 futures at discount
BGR Energy Systems - rewards investors well
Burnpur Cement - the stunner
Nucleus Software Exports
India IT, HPCL, IOC, Castrol, Colgate, Automobiles
Post Market Commentary - Jan 3 2008
Sensex dips on US recession fears
Market drifts lower
HDFC Real Estate PMS
Balaji Telefilms
Mindtree Consulting
Oil worries may drag market
Grey Market - Future Capital, Reliance Power
Lower start, raise your standard
Reliance Power - Part Payment Option
Ahluwalia Contracts India
REITs - Positive for Real Estate
Q3FY2008 IT Earnings Preview
NSE Bulk Deal Watch - Jan 3 2008
India best performing markets
Precious metals glitter
Crude at $100
Reliance Energy - the story
Reliance Power - the biggest IPO to hit the market...
Best Regional Investors in India
-----------------------------------------------------------------------
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Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd
Corporation Ltd.Industry:Air Conditioners
Recommendation:Performer
MOre @ Fedders Lloyd Corporation Ltd.
Company:Fedders Lloyd Corporation Ltd.
----------------------------------------------
Company:Bayer Cropscience Ltd.
Industry:Pesticides/Agro Chemicals
Recommendation:Performer
More @ Bayer Cropscience Ltd Stock Report
------------------------------------------------
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BGR Energy, Burnpur IPO listings ended with Good premium
BGR Energy Systems ends with 88% premium
BGR Energy Systems, a supplier of systems and equipment for the power, oil & gas, refinery, petrochemical and process industries, has closed at Rs 902, up 87.92% over its offer price of Rs 480 per share. The stock has hit a high of Rs 922.70 and remained above Rs 900 for most part of the day on the NSE.
The turnover was at Rs 740 crore and it traded with volumes of 82,29,039 shares.
BG Raghupathy, CMD, BGR Energy Systems informed CNBC-TV18 that the company has a total order book of Rs 3300 crore on January 1. Its export order book Rs 490 crore, he added. For the next two months, exports will be Rs 200 crore, he said. The company will focus more on power projects and oil & gas business, he said.
Raghupathy reminded that last year, the company’s revenues were at Rs 500 crore. This, BGR Energy Systems has crossed in the first two quarters this year, he added.
On the BSE, the share opened at Rs 801 and touched a high of Rs 940 in early trade. It closed at Rs 901.30, with volumes of 43,74,390 shares.
The company had entered capital market with a public issue of 91.36 lakh equity shares of Rs 10 each. The price band was at Rs 425 to Rs 480 per equity share. The issue was subscribed 119.54 times.
The company proposes to utilize the net proceeds of the issue to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East and fund expenditure for general corporate purposes.
BGR Energy to focus on power and oil & gas biz
----------------------------------------------------------
Burnpur Cement closes with 314% premium
Burnpur Cement (BCL), one of the established cement manufacturers of Eastern India, has got fantastic listing today, has ended the day at Rs 49.70, up 314.17% over its offer price of Rs 12 per share. It had opened at Rs 15 and touched an intraday high of Rs 50.50 (a jump of 320.83%) on the NSE. It was a huge upmove by a smallcap stock and top performer amongst new listings.
It traded with volumes of 15,27,48,815 equity shares and turnover was at Rs 610 crore.
It traded with volumes of 18 crore shares during the day on the NSE and BSE as against total equity of the company of 4.3 crore shares, more than 4 times its total equity. Nearly 1.5 crore shares of Burnpur Cement changed hands on the bourses in multiple deals.
Ashok Gutgutia, VC & MD, Burnpur Cement informed CNBC-TV18 that the company sees its FY09 turnover at Rs 95 crore and PAT at Rs 10-11 crore. Gutgutia estimates the company’s FY08 sales at Rs 35 crore. Burnpur Cement’s new plant would be commissioned by October- November this year, he added.
It started the day at Rs 18.45 on the BSE and touched a high/low of Rs 49 and Rs 17.8, respectively. The stock ended at Rs 46.35. The trading volumes were 1,17,21,58,56 shares.
The company had offered its 219 lakh shares of Rs 10 each for cash at a premium of Rs 2 per share. The issue had subscribed 15.19 times. Burnpur Cement had proposed a backward integration by setting up an 800 TPD capacity Clinkerisation and Cement grinding unit expandable to 1,600 TPD at Patratu in the Hazaribagh District of Jharkhand for manufacturing Clinker, Ordinary Portland Cement (OPC), Portland Pozzolona Cement (PPC) and Portland Slag Cement (PSC).
Burnpur Cement sees FY09 turnover at Rs 95 cr
-------------------------------------------
How Burnpur Cem made investors RICH than BGR Energy?
Future Cap Holdings sets IPO price band at Rs 700-765/sh
Rel Power IPO opens on Jan 15, to raise Rs 10500-11500 Cr
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
BGR Energy Systems, a supplier of systems and equipment for the power, oil & gas, refinery, petrochemical and process industries, has closed at Rs 902, up 87.92% over its offer price of Rs 480 per share. The stock has hit a high of Rs 922.70 and remained above Rs 900 for most part of the day on the NSE.
The turnover was at Rs 740 crore and it traded with volumes of 82,29,039 shares.
BG Raghupathy, CMD, BGR Energy Systems informed CNBC-TV18 that the company has a total order book of Rs 3300 crore on January 1. Its export order book Rs 490 crore, he added. For the next two months, exports will be Rs 200 crore, he said. The company will focus more on power projects and oil & gas business, he said.
Raghupathy reminded that last year, the company’s revenues were at Rs 500 crore. This, BGR Energy Systems has crossed in the first two quarters this year, he added.
On the BSE, the share opened at Rs 801 and touched a high of Rs 940 in early trade. It closed at Rs 901.30, with volumes of 43,74,390 shares.
The company had entered capital market with a public issue of 91.36 lakh equity shares of Rs 10 each. The price band was at Rs 425 to Rs 480 per equity share. The issue was subscribed 119.54 times.
The company proposes to utilize the net proceeds of the issue to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East and fund expenditure for general corporate purposes.
BGR Energy to focus on power and oil & gas biz
----------------------------------------------------------
Burnpur Cement closes with 314% premium
Burnpur Cement (BCL), one of the established cement manufacturers of Eastern India, has got fantastic listing today, has ended the day at Rs 49.70, up 314.17% over its offer price of Rs 12 per share. It had opened at Rs 15 and touched an intraday high of Rs 50.50 (a jump of 320.83%) on the NSE. It was a huge upmove by a smallcap stock and top performer amongst new listings.
It traded with volumes of 15,27,48,815 equity shares and turnover was at Rs 610 crore.
It traded with volumes of 18 crore shares during the day on the NSE and BSE as against total equity of the company of 4.3 crore shares, more than 4 times its total equity. Nearly 1.5 crore shares of Burnpur Cement changed hands on the bourses in multiple deals.
Ashok Gutgutia, VC & MD, Burnpur Cement informed CNBC-TV18 that the company sees its FY09 turnover at Rs 95 crore and PAT at Rs 10-11 crore. Gutgutia estimates the company’s FY08 sales at Rs 35 crore. Burnpur Cement’s new plant would be commissioned by October- November this year, he added.
It started the day at Rs 18.45 on the BSE and touched a high/low of Rs 49 and Rs 17.8, respectively. The stock ended at Rs 46.35. The trading volumes were 1,17,21,58,56 shares.
The company had offered its 219 lakh shares of Rs 10 each for cash at a premium of Rs 2 per share. The issue had subscribed 15.19 times. Burnpur Cement had proposed a backward integration by setting up an 800 TPD capacity Clinkerisation and Cement grinding unit expandable to 1,600 TPD at Patratu in the Hazaribagh District of Jharkhand for manufacturing Clinker, Ordinary Portland Cement (OPC), Portland Pozzolona Cement (PPC) and Portland Slag Cement (PSC).
Burnpur Cement sees FY09 turnover at Rs 95 cr
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How Burnpur Cem made investors RICH than BGR Energy?
Future Cap Holdings sets IPO price band at Rs 700-765/sh
Rel Power IPO opens on Jan 15, to raise Rs 10500-11500 Cr
Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rediff, Rupya.com Stories
Rediff.com
India's top 5 mutual fund houses
State-run UTI Mutual fund has toppled private sector ICICI [Get Quote] Prudential to be the country's second biggest fund house, while Anil Ambani Group's Reliance [Get Quote] MF has retained its top position.
According to latest data available with Association of Mutual Funds in India, total asset under management (AUM) with 31 mutual funds stood at Rs 5,18,123 crore (Rs 5,181.23 billion) at the end of December, 2007.
There are 32 fund houses in the country but December data for Birla Sun Life Mutual fund was not available.A month ago, the total AUM of the mutual fund industry stood at Rs 5,37,812 crore (Rs 5,378.12 billion).
Top 5 MF houses
1 Reliance MF
2 UTI MF
3 ICICI Prudential
4 HDFC [Get Quote] MF
5 Franklin Templeton
The country's top five fund houses -- Reliance MF, UTI MF, ICICI Prudential, HDFC MF and Franklin Templeton recorded an increase in their assets under management.
Reliance MF's AUM rose to Rs 80,780 crore (Rs 807.80 billion) from Rs 77,765 crore (Rs 777.65 billion) a month ago, while that of UTI and ICICI Pru rose from Rs 52,180 crore (Rs 521.80 billion) to Rs 56,854 crore (Rs 568.54 billion) and from Rs 54,904 crore (Rs 549.04 billion) to Rs 56,772 crore (Rs 567.72 billion), respectively. These figures exclude AUMs for Fund of Funds.
HDFC MF's AUM rose from Rs 46,752 crore (Rs 467.52 billion) to Rs 48,561 crore (Rs 485.61 billion), while that of Franklin Templeton surged from Rs 30,773 crore (Rs 307.73 billion) to Rs 31,175 crore (Rs 311.75 billion).
BOB, DSP Merrill Lynch, Escorts, Fidelity, JM Financial [Get Quote], JP Morgan, LIC [Get Quote], Lotus India, Morgan Stanley, Quantum, Sahara, SBI [Get Quote], Sundaram BNP Paribas, Tata and Taurus mutual funds also saw a rise in their AUMs.
However, assets under managements of ABN Amro, AIG Global Investment Group, Benchmark, Canara Robeco, DBS Chola, Deutsche, HSBC, ING, Kotak Mahindra, Principal and Standard Chartered Mutual funds declined during the month.
Jaguar sale: Tatas preferred biddder
Special: India's best Ulips
What investors MUST do in 2008
How to market your new idea
8 steps to make money from IPOs
---------------------------------------------------------------
Rupya.com
Reliance Natural Resources Fund
Reliance Power IPO - Rated 4 out of 5 by CRISIL
Mini Sensex - BSE Launches Mini Sensex
Suzlon Energy Stock Split/Sub Division - Record Date
Rajesh Exports Bonus and Split - Record Date is Feb 05 2007
Speciality Papers Bonus Issue
Jindal Saw received orders worth 1000 crore
Everonn Systems India Acquires part of ABAN Informatics
Ambuja export bags export order worth 200 crore
Parsvnath Developers bags IT Park Project
Maruti Suzuki December 2007 Auto sales
Source: Above sites/blogs. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India's top 5 mutual fund houses
State-run UTI Mutual fund has toppled private sector ICICI [Get Quote] Prudential to be the country's second biggest fund house, while Anil Ambani Group's Reliance [Get Quote] MF has retained its top position.
According to latest data available with Association of Mutual Funds in India, total asset under management (AUM) with 31 mutual funds stood at Rs 5,18,123 crore (Rs 5,181.23 billion) at the end of December, 2007.
There are 32 fund houses in the country but December data for Birla Sun Life Mutual fund was not available.A month ago, the total AUM of the mutual fund industry stood at Rs 5,37,812 crore (Rs 5,378.12 billion).
Top 5 MF houses
1 Reliance MF
2 UTI MF
3 ICICI Prudential
4 HDFC [Get Quote] MF
5 Franklin Templeton
The country's top five fund houses -- Reliance MF, UTI MF, ICICI Prudential, HDFC MF and Franklin Templeton recorded an increase in their assets under management.
Reliance MF's AUM rose to Rs 80,780 crore (Rs 807.80 billion) from Rs 77,765 crore (Rs 777.65 billion) a month ago, while that of UTI and ICICI Pru rose from Rs 52,180 crore (Rs 521.80 billion) to Rs 56,854 crore (Rs 568.54 billion) and from Rs 54,904 crore (Rs 549.04 billion) to Rs 56,772 crore (Rs 567.72 billion), respectively. These figures exclude AUMs for Fund of Funds.
HDFC MF's AUM rose from Rs 46,752 crore (Rs 467.52 billion) to Rs 48,561 crore (Rs 485.61 billion), while that of Franklin Templeton surged from Rs 30,773 crore (Rs 307.73 billion) to Rs 31,175 crore (Rs 311.75 billion).
BOB, DSP Merrill Lynch, Escorts, Fidelity, JM Financial [Get Quote], JP Morgan, LIC [Get Quote], Lotus India, Morgan Stanley, Quantum, Sahara, SBI [Get Quote], Sundaram BNP Paribas, Tata and Taurus mutual funds also saw a rise in their AUMs.
However, assets under managements of ABN Amro, AIG Global Investment Group, Benchmark, Canara Robeco, DBS Chola, Deutsche, HSBC, ING, Kotak Mahindra, Principal and Standard Chartered Mutual funds declined during the month.
Jaguar sale: Tatas preferred biddder
Special: India's best Ulips
What investors MUST do in 2008
How to market your new idea
8 steps to make money from IPOs
---------------------------------------------------------------
Rupya.com
Reliance Natural Resources Fund
Reliance Power IPO - Rated 4 out of 5 by CRISIL
Mini Sensex - BSE Launches Mini Sensex
Suzlon Energy Stock Split/Sub Division - Record Date
Rajesh Exports Bonus and Split - Record Date is Feb 05 2007
Speciality Papers Bonus Issue
Jindal Saw received orders worth 1000 crore
Everonn Systems India Acquires part of ABAN Informatics
Ambuja export bags export order worth 200 crore
Parsvnath Developers bags IT Park Project
Maruti Suzuki December 2007 Auto sales
Source: Above sites/blogs. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rel Power IPO opens on Jan 15
Rel Power IPO opens on Jan 15
Moneycontrol.com
Reliance Power today filed the red herring prospectus (RHP) with the Registrar of Companies, Maharshtra, Mumbai (ROC), for its proposed initial public offering (IPO).
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share. To enable large participation by retail investors, Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price. Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment. The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008. Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets.
Reliance Power proposes to issue 26 crore equity shares of Rs 10 each including a promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters. The balance 22.8 crore equity shares would constitute the net issue to the public. The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.
Reliance Power is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country, of over 28,000 MW capacity - the largest development pipeline in the country.
The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
Kotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and J.P. Morgan India Private Limited are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J. Sagar and Associates are advising the BRLMs and CBRLMs in relation to the issue.
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Reliance Power IPO opening on Jan 15th 2008
Rupya.com
Issue Details
Reliance Power to issue 26 crore equity shares of Rs 10 each
Issue Contribution :>Promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters.
>The balance 22.8 crore equity shares would constitute the net issue to the public.
>The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.
Issue Price :Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.For Retailers we can apply at 430 rs ,which is approximately less by 5% of theissue price.so we get at discounted rate by 20 rs.
Payment Option : Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.
Issue Date :The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
Other related articles:
Rel Power IPO opens Jan 15; eyes Rs 115 bn
Source: Above Sites/blogs. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Moneycontrol.com
Reliance Power today filed the red herring prospectus (RHP) with the Registrar of Companies, Maharshtra, Mumbai (ROC), for its proposed initial public offering (IPO).
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share. To enable large participation by retail investors, Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price. Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment. The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008. Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets.
Reliance Power proposes to issue 26 crore equity shares of Rs 10 each including a promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters. The balance 22.8 crore equity shares would constitute the net issue to the public. The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.
Reliance Power is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country, of over 28,000 MW capacity - the largest development pipeline in the country.
The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
Kotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and J.P. Morgan India Private Limited are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J. Sagar and Associates are advising the BRLMs and CBRLMs in relation to the issue.
--------------------------------------------------
Reliance Power IPO opening on Jan 15th 2008
Rupya.com
Issue Details
Reliance Power to issue 26 crore equity shares of Rs 10 each
Issue Contribution :>Promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters.
>The balance 22.8 crore equity shares would constitute the net issue to the public.
>The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.
Issue Price :Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.For Retailers we can apply at 430 rs ,which is approximately less by 5% of theissue price.so we get at discounted rate by 20 rs.
Payment Option : Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.
Issue Date :The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
Other related articles:
Rel Power IPO opens Jan 15; eyes Rs 115 bn
Source: Above Sites/blogs. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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Rel Power IPO opens on Jan 15
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