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News: Call rates were little changed during the week

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posted by patelarp 1263 days ago
Call rates were little changed during the week, steadying in the range of 6-6.2%, as banks appeared to have covered their positions well in advance initially, resulting into lower demand later in the week. Initially, call rates will ease realigning to the 1% LAF rate cuts announced on Saturday. Later on, quotes may rise slightly with corporate advance tax payments lined up in the coming days and Rs 10,000 crore worth borrowing due as per the latest borrowing plan. Gilts Market The yield curve sustained the southward move on the back of a crowd of positive factors led by ample surplus cash in the money market. The expectation that interest rates would be cut backed the bonds market. Lower inflation rate had little impact on bonds showing that market had factored in lower inflation, especially with a cut in fuel prices anticipated. Petrol and diesel price cuts were announced after trading hours. After fuel price cuts and the LAF rate cuts, bond traders may look for more action. Absence of cut in reserve ratios could disappoint the market, leading to a small correction. Corporate Bonds Corporate bond yields finally showed a significant movement, tripping suddenly with liquidity conditions having improved drastically. The influence of other positive factors also finally trickled down into the segment. Last week’s surge may not form much momentum as surplus cash may not remain at last week’s levels in the coming weeks. Still, some action is expected to continue given the sharp move last week. The broad mood and outlook in the interest rate market would be watched. Forex The rupee rose to 49.58/$ from a previous week’s close of 50.09/$. Earlier, the rupee fell to a low of 50.65/$, but recovered to end in the sub-50 area which is also a psychological mark. Annualised forward premia remained edgy throughout the week, with traders uncertain on the rupee direction. Six-month premium ended lower at 2.54% from 2.87% previous week. The rupee is likely to move in a range in jerky fashion as clear direction is lacking. The impact of the stimulus package on stocks would be a key factor to be watched out for. http://www.india-stock-market-news.com/
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Business: RNRL tops volumes on BSE

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posted by patelarp 1394 days ago
Ispat Industries, Kaashyap Technologies, IFCI and Infrastructure Development Finance Company are among the other volume toppers on BSE. Reliance Natural Resources (RNRL) declined 5.52% to Rs 99.20 on a volume of 3.56 crore shares on BSE. It was the top traded counter on BSE in terms of volumes. Ispat Industries slumped 6.17% to Rs 27.35 on 1.41 crore shares and stood second in the list of top traded counters on BSE. On 31 July 2008 the company posted 243.2% surge in net profit to Rs 28.73 crore on 53.7% rise in net sales to Rs 2787.81 crore in Q1 June 2008 over Q1 June 2007. Kaashyap Technologies surged 3.42% to Rs 1.51 on a volume of 1.27 crore shares. It was the third highest traded counter on BSE. IFCI slipped 4.06% at Rs 49.60 on a volume of 1.09 crore shares. It was the fourth highest traded counter on BSE. Infrastructure Development Finance Company (IDFC) gained 2.63% to Rs 107.25 on a volume of 87.29 lakh shares. It was the fifth highest traded counter on BSE More www.india-stock-market-news.com
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Movies: Ajay Devgan makes friends online!

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posted by patelarp 1394 days ago

The actor/director who is known to keep a low profile, recently made a sweet gesture by talking to fans over the internet on the occasion of Friendships Day almost the entire day ! Apparently Ajay was looking for an appropriate day to interact with fans and took this opportunity to answer friend requests all over the web based social networking sites and communities like Facebook, Myspace along with his personal website. Unlike Ajay's abilities and understanding of the technical aspects involving film making, nowadays Ajay concentrates and devotes a lot of time on his computer and web. Interestingly it was observed that Ajay also insisted on the true identity like the picture of the person who wishes to be his friend before accepting their request. Looks like nothing stops the man from insisting on perfection. All we have to say is, Good going Ajay, as there are millions who wish to reach you!
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Cricket: Gautam Gambhir Profile and Biography

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posted by patelarp 1394 days ago
Batting Style : Left Hand Bat Bowling Style : Leg Break Test Debut India v Australia at Mumbai, 4th Test, 2004/05 Latest Test India v Pakistan at Bangalore, Dec 8-12, 2007 ODI Debut India v Bangladesh at Dhaka, TVS Cup, 2003 Latest ODI Australia v India at Sydney, Feb 24, 2008 Twenty20 Debut Delhi v Himachal Pradesh at Delhi, Apr 3, 2007 Last Twenty20 Australia v India at Melbourne, Feb 1, 2008 Read More http://cricpro.blogspot.com/
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Business: Austral Coke & Projects Limited IPO

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posted by patelarp 1395 days ago
Austral Coke & Projects Ltd IPO Information »» Public Issue Open: August 7 ,2008 to August 13, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 72,60,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 164/- to Rs 196/- »» Market Lot: 34 Shares »» Minimum Order Quantity: 34 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd »» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: austral.ipo@intimespectrum.com) About Company Started in 1994, Austral Coke & Projects Limited is engaged in the manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries. Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects. Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.
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Business: Building a strong and appealing B2B blog

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posted by patelarp 1408 days ago
Forrester Research has just released a new report that raises a daunting question: How many B2B companies are benefiting from all various forms of blogging? According to Forrester, about 52.9 percent of companies involved in the B2B segment say that blogging has only a marginal significance or that it is totally irrelevant to their overall marketing efforts. Among some companies tracked regularly by Forrester, the number of new blogs fell from 36 two years ago to just 3 this year, representing a significant drop by any measure. Forrester implies the problem may lie with B2B companies themselves, using words like “dull” and “drab” to describe some of the B2B blogs. Among the knocks against blogs noted by Forrester: not enough personality in most of the posts, an irregular posting schedule and bloggers who simply just don’t stick with it. Overall, 55.8 percent of such B2B blogs feature mostly press releases or other well-known news, giving people little incentive to read them in the first place. Some marketing observers say that if it’s a B2B blog, shouldn’t it be about business? There’s certainly nothing wrong with inserting an occasional personal anecdote to help illustrate a point or otherwise liven up a business topic, but most people don’t want to read about the hobbies, pets or personal lives of vendors or business partners. Read more on www.b2bnewsworld.info
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Business: Equity placement buzz boosts Piramal Life Sciences

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posted by patelarp 1445 days ago
Piramal Life Sciences jumped 8.32% to Rs 293.05 at 15:11 IST on BSE on reports healthcare funds MPM Capital and OrbiMed are in the race to acquire close to 15% strategic stake in the company. Meanwhile, the BSE Sensex was up 261.96 points, or 1.70%, to 15,657.78, boosted by robust advance tax figures paid by frontline companies in Q1 June 2008 over Q1 June 2007. On BSE, 16.27 lakh shares were traded in the counter. The scrip had an average daily volume of 11.87 lakh shares in the past fortnight. The stock hit a high of Rs 305.90 and a low of Rs 270.80 so far during the day. The stock had a 52-week high of Rs 519.80 on 29 May 2008 and a 52-week low of Rs 100 on 29 May 2008. The stock debuted at Rs 300 on BSE on 29 May 2008. The stock settled at Rs 313.90 on that day, after swinging in a band of Rs 100 and Rs 519.80. The scrip outperformed the market over the past one week till 16 June 2008, surging 21.32% compared to the Sensex’s rise of 2.19%. The company’s current equity is Rs 25.45 crore. Face value per share is Rs 10. MPM and OrbiMed are two of the largest healthcare funds globally. Other big private equity players and pharma companies are also reportedly eyeing stake in Piramal Life Sciences. Piramal Life Sciences Chairman Ajay Piramal had at the time of the company's listing on 29 May 2008, said the company is planning to dilute 10-20% equity through a stake sale in the next 12 months Piramal Life Sciences is a research entity spun off from drug maker Nicholas Piramal India. It focuses on four therapeutic areas – cancer, diabetes, inflammation and infectious diseases and currently 14 drugs under development. http://www.india-stock-market-news.com/
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Business: BPCL takes dismal Q4 results in its stride

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posted by patelarp 1445 days ago
Bharat Petroleum Corporation rose 1.32% to Rs 279.50 at 14:48 IST on BSE despite reporting 91.28% plunge in net profit to Rs 58.40 crore on 34.06% growth in total income to Rs 32712.90 crore in Q4 March 2008 over Q4 March 2007. The results were announced during market hours today, 17 June 2008. Meanwhile, the BSE Sensex was up 227.45 points, or 1.48%, to 15,624.69, boosted by robust advance tax figures paid by frontline companies in Q1 June 2008 over Q1 June 2007. On BSE, 1.48 lakh shares were traded in the counter. The scrip had an average daily volume of 1.27 lakh shares in the past one quarter. The stock hit a high of Rs 281.85 and a low of Rs 272.20 so far during the day. The stock had a 52-week high of Rs 560 on 4 January 2008 and a 52-week low of Rs 260.30 on 13 June 2008. The mid-cap scrip had underperformed the market over the past one month till 16 June 2008, declining 22.95% compared to the Sensex’s decline of 11.70%. It also underperformed the market in the past one quarter, sliding 32.36% compared to Sensex’s return of 3.79%. The company’s current equity is Rs 361.54 crore. Face value per share is Rs 10. The current price of Rs 279.50 discounts its Q3 December 2007 annualsied EPS of Rs 32.23, by a PE multiple of 8.67. Bharat Petroleum Corporation (BPCL) posted 12.45% fall in net profit to Rs 1580.6 crore on 13.70% rise in total income to Rs 111786.20 crore in the year ended March 2008 over the year ended March 2007. The company's board recommended dividend of 40% or Rs 4 per share, for the year ended March 2008
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Business: DLF, Mangalore Refinery, Shree Cement: India Stocks Preview

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posted by patelarp 1485 days ago
The following stocks may rise or fall in Mumbai today. Prices refer to yesterday's close. The preview includes news that broke after the markets shut. Stock symbols are in brackets after company names. The Bombay Stock Exchange's Sensitive Index, or Sensex, fell 0.2 percent to 17,339.31. The S&P CNX Nifty Index on the National Stock Exchange declined 0.2 percent to 5,135.50. Overseas investors sold a net 7.29 billion rupees ($180.7 million) of Indian shares on May 6, according to the nation's stock market regulator. DLF Ltd. (DLFU IN): Founders of India's biggest developer gave 11.5 billion rupees in interest-free loans to group company DLF Assets Ltd., the Mint newspaper reported, citing Ramesh Sanka, DLF's chief financial officer. DLF fell 17.45 rupees, or 2.6 percent, to 650.75. Mangalore Refinery & Petrochemicals Ltd. (MRPL IN): The refining unit of Oil & Natural Gas Corp., India's biggest crude oil producer, said fourth-quarter net income rose 24 percent to 2.25 billion rupees. Mangalore Refinery fell 1.95 rupees, or 1.9 percent, to 102.65. Shree Cement Ltd. (SRCM IN): The Indian cement maker said fourth-quarter profit rose 72 percent to 410.8 million rupees. The shares fell 2.75 rupees, or 0.3 percent, to 955.15. Tata Communications Ltd. (TCOM IN): The Indian government may sell its 26 percent stake in Tata Communications, a unit of India's Tata Group, the Press Trust of India reported yesterday, citing an unidentified Department of Telecommunications official. The shares fell 1 rupee, or 0.2 percent, to 488.60. Union Bank of India (UNBK IN): The nation's seventh-biggest lender had its stock price estimate cut by 10 percent to 217 rupees a share at Citigroup Inc. Union Bank gained 1.15 rupees, or 0.7 percent, to 173.45. Source: http://www.india-stock-market-news.com/
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Movies: Upcoming movie-Sarkar Raj

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posted by patelarp 1485 days ago

Cast: Aishwarya Rai, Amitabh Bachchan, Abhishek Bachchan, Govind Namdeo Crew Publicity Designer:Rahul Nanda, Himanshu Nanda Story Writer:Prashant Pandey Sound Designer:Debashish Mishra Director:Ram Gopal Varma Producer:Pravin Nischol, Z Picture Company, Ram Gopal Varma Music Music Director:Bapi - Tutul Background Sound:Amar Mohile Music Company:T-Series More: http://allcool-stuffs.blogspot.com/
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Movies: BollySpice's Power List

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posted by patelarp 1514 days ago

Power - it's what drives everybody in this industry. Power in the Bollywood industry consists of influence on the media and the audience. An influence which increases during the years, but also vanishes in an instant. So, for 2007's edition of BollySpice's Power List, we have thought to take into consideration the artists' popularity, their reliability for getting hits, and their overall performance. Also, we have come up with power lists for specific genres such as actors, actresses, directors, and music directors which are based on the same criteria. BollySpice's Power List of 2007: Source:http://allcool-stuffs.blogspot.com/
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Business: Bharat Oman Refineries files DRHP with SEBI

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posted by patelarp 1515 days ago
Bharat Oman Refineries Limited (BORL), an equal joint venture between state-owned Bharat Petroleum Corporation (BPCL) and Oman Oil Company (OMCL), plans to raise Rs 2,400 crore through an initial public offer and other placements. The company has filed the draft red herring prospectus with SEBI for the proposed IPO on Friday. The company plans to sell a total of about 48% through the public offer and a pre-IPO placement to raise up to Rs 2400 crore. The present issued and paid-up equity share capital of BORL is Rs 151 crore, which primarily comprises equity shares held by, inter-alia, BPCL and Oman Oil Company S.A.O.C. Post the IPO, Oman Oils stake in the company is likely to reduce to 5 per cent. The company is raising funds for its Rs 10,400-crore six-million-tonne petroleum refinery at Bina in Madhya Pradesh. Source: http://www.india-stock-market-news.com
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Business: Market trades Weak: Wirpro, L&T, JP Associates down

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posted by patelarp 1515 days ago
The markets are trading weak without any signs of recovery. Selling pressure is seen in capital goods, telecom, FMCG, IT, oil stocks. Broader markets have given up some of its gains and are trading absolutely flat. On the global front, most Asian markets ended lower. At 1.19 hrs IST, the Sensex is down 237.65 points or 1.51% at 15519.43, and the Nifty down 72.10 points or 1.51% at 4689.10. About 1197 shares have advanced, 1256 shares declined, and 619 shares are unchanged. Wirpro, L&T, JP Associates are down over 4% each. SAIL, Grasim, Bharti Airtel, Tata Communications are among the tother losers. JB Chemicals has approved a buyback upto 7% and the stocks is up over 7%, Glenmark is getting active and is up over 6%. Among the top gainers were BHEL, DLF, SBI, ICICI Bank, HDFC Bank and Sterlite Industries. Orchid Chem, BHEL, Reliance Industries and L&T were most active shares on the bourses. Capital goods stocks have underperformed the market today, BSE Capital Goods Index was down 1.5%. Technology, telecom, FMCG, oil stocks are under selling pressure on profit booking. These indices were down over 1%. Mkts still in red: Cap goods, IT down; midcaps up The markets are still trading in red but are off the day's lows. Selling pressure is seen in capital goods, telecom, FMCG, IT, oil stocks. However, selct buying is seen in banking and midcap stocks. Small cap index is trading absolutely flat. On the global front, most Asian markets were trading lower. At 11.37 hrs IST, the Sensex is down 154.50 points or 0.98% at 15602.58, and the Nifty down 38.90 points or 0.82% at 4722.30. Source: http://www.india-stock-market-news.com/
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Business: Chiripal Industries files for IPO with SEBI

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posted by patelarp 1526 days ago
MUMBAI: Chiripal Industries Ltd has filed a draft red herring prospectus with Securities and Exchange Board of India for an initial public offering of 14,216,700 equity shares of Rs 10 each, at a price to be decided through 100 per cent book-building process. The issue comprises of a net issue to public of 12,100,000 shares of Rs 10 each, promoters' contribution of 1,916,700 shares of Rs 10 each and a reservation of up to 200,000 shares of Rs 10 each for employees. The net issue will constitute 34.57 per cent of the post issue paid up capital. The shares will be listed on Bombay Stock Exchange and National Stock Exchange. The company is also considering a pre-IPO placement. If the placement is completed, the net issue to the public would be reduced to the extent of the share placement. The company has appointed IDBI Capital Market Services as a book running lead manager. Chiripal Industries, the flagship of Ahmedabad based Chiripal Group, has presence in the textile chain right from manufacturing yarn to readymade garments. Chiripal Industries operates in man-made fiber segment, specially in the polyester based products. The consolidated turnover of the company was Rs. 490.45 crore for the Fiscal 2007. Source : http://indian-stock-market-tips.blogspot.com/
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Movies: Girl-next-door Amrita Rao in love

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posted by patelarp 1527 days ago

Bollywood's girl-next-door Amrita Rao, who was linked with actor Shahid Kapoor after the stupendous success of their films Ishq Vishq and Vivah, has finally found the man of her life. It is said that she is in love with a man named Farhan Saeed. Well, Farhan Saeed is one of the members of Pakistani band Jal. It is said that Amrita started having a soft corner for him while shooting for their new album. Madly in love, the couple were spotted together at various hot spots. Farhan flies down to Mumbai more than often just to be with his new love. Well, love has no boundaries. What do you say Amrita?
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