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Share Market Crashed : All Stocks Down, Nifty Trading Below 5200 level

Thumbnail image for Share Market Crashed : All Stocks Down, Nifty Trading Below 5200 level August 5, 2011

One can see a kind of blood bath in the Indian Stock Market as the NIFTY went below the mark of 5200. Also, Indian equity benchmarks just crashed in opening trade on back of the fears of one more phase of recession in biggest economy of the world US. These are showing signs of recession. [...]

L&T Finance IPO Subscription Status & Listing Date

Thumbnail image for L&T Finance IPO Subscription Status & Listing Date August 4, 2011

Initial public offer by L&T Finance Holdings has achieved a great response from all types of investors. It is seen that the retail sector bought highest amount of the offer. According to data available at the National Stock Exchange, issue has actually subscribed 5.34 times on its very last date.   Reserved part of the [...]

Rail Budget 2011-2012- will it bring benefit for all?

Thumbnail image for Rail Budget 2011-2012- will it bring benefit for all? February 24, 2011

The railways department is unlikely to carry out any considerable changes in the passenger fares in Rail Budget for its 8th year in succession as over 100 new trains could be declared including a number of non-stop Durontos. Rail Budget 2011-12 will be presented in the Lok Sabha tomorrow and this may show a mention [...]

Finance Budget 2011-2012 Preview : Key Points of New Budget

Thumbnail image for Finance Budget 2011-2012 Preview : Key Points of New Budget February 24, 2011

Amid the concerns over widening deficit in trade, Commerce Ministry favored the continuation of stimulus for the exporters in forthcoming Budget 2011 in order to help the nation double its exports in a time span of just 3 years. The FDI inflows reduced sharply in the year 2010 by about 22 percent at USD 21 [...]

India Celebrating Lohri Today : Send Happy Lohri SMS & Greetings

Thumbnail image for India Celebrating Lohri Today : Send Happy Lohri SMS & Greetings January 13, 2011

The people of North India are enamored in the festive spirit of Lohri, the festival of fire and fertility. It marks the time of the year when the sun changes its direction, popularly known as Uttarayan. Family members gather around a bon fire, the holy pyre and feed rice and other grains in it. The [...]

Moil Retail Subscribed 38 Times Overall 56 Times Subscription

Thumbnail image for Moil Retail Subscribed 38 Times Overall 56 Times Subscription December 2, 2010

Riding high on the trend of successful Initial Public Offers made by public entities and state run corporations, MOIL, the Indian Government’s manganese undertaking, reported equity oversubscription by as much as 56 times. The offer opened on November 26, 2010 and lasted till November 30, 2010. In the five days that the shares of MOIL [...]

Power Grid FPO Subscribed 9.72 times

Thumbnail image for Power Grid FPO Subscribed 9.72 times November 12, 2010

For the last day of auctioning for institutional investors, Power Grid Corporation’s FPO (Follow-on Public Offer), estimated to be around Rs 7500 crore, was subscribed 9.72 times. The market-analysts however are not impressed with power Corp’s such quantum leap, and are of opinion that it is relatively lower than the Coal India issue where the [...]

Coal India IPO subscription out today!

Thumbnail image for Coal India IPO subscription out today! October 19, 2010

Coal India, the India’s biggest coal producing company’s IPO or initial public offer has now opened today for subscription. The company plans to increase over Rs. 15,000 crores with this IPO that is in fact the biggest amount in the history of India. Earlier, Reliance Power served to be the largest IPO that raised over [...]

Mahindra Satyam Result Declared after 2 years – ADR Down

Thumbnail image for Mahindra Satyam Result Declared after 2 years – ADR Down September 30, 2010

Mahindra Satyam, formerly known as Satyam Computer Service reported a net loss of Rs 124.60 crore in its Financial Year 2010. In the last Financial Year 2009 of the company, the net revenue loss went flat to Rs 8,176.8 crore against the net sale of Rs 8,812.6 crore. This is the first revenue results of [...]

Union Cabinet approves Direct Taxes Code Bill

Thumbnail image for Union Cabinet approves Direct Taxes Code Bill August 30, 2010

The Direct Tax Code bill was tabled on Monday by Finance minister Pranab Mukherjee in the Parliament dated August 30, 2010 in the monsoon session. This will further be passed in Parliamentary Standing Committee on finance during winter session to make it effective from April 1, 2011. This new and simplified Direct tax Code will [...]

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