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IndiaAndSensex is a blog about India , its people, cities , culture and of course about Sensex, the pulse of Indian economy.



Last Build Date: Thu, 26 Oct 2017 09:22:58 +0000

 




Mon, 27 Feb 2017 15:20:00 +0000

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Sun, 25 Aug 2013 12:30:00 +0000

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Sun, 25 Aug 2013 07:51:00 +0000

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Fri, 23 Aug 2013 12:07:00 +0000

If you can't see this email please click here Hi indiaandsensex.indiaandsensex@blogger.com, Jitendra invited you to be their friend on Tagged: Jitendra Paliwal Invite Sent Aug 23, 2013 Is Jitendra your friend? No Yes Come set up a profile on Tagged! You can make your own great profile that's all about you. Find your friends and meet new people. There is lots to do: chat, flirt, photos, games and more! To Sign up for Tagged, follow the link below: http://www.taggedmail.com/register.html?conn=5ru5pbdm9&type=2f&ect=ag6q70kh&fid=ab50e32c8b466d4f&al=&tn=aW52aXRlc19yZWdpc3Rlcl9yZWdwYXRoLTEtMTMtMTMtMTc=&linkId=register_link_5 indiaandsensex.indiaandsensex@blogger.com was invited to join Tagged by Jitendra Paliwal. If you do not wish to receive more mail from Tagged, you can unsubscribe. Tagged Inc., 110 Pacific Mall Box #117, San Francisco, CA. 94111[...]



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Wed, 21 Mar 2007 18:57:00 +0000

Mahindra & Mahindra declares 75% interim dividend Mahindra & Mahindra declared an interim dividend of 75% or Rs 7.50 a share of the face value Rs 10 to shareholders of the company for financial year ended Mar. 31, 2007. The decision was taken by the board of directors of the company at its meeting held Mar. 21, 2006.   The board also approved an increase in the borrowing limits from Rs 25 billion to Rs 60 billion for investment in R&D, expansion in capacities and product development. Mahindra & Mahindra is a diversified company mainly engaged in manufacturing of agricultural tractors and light commercial vehicles. Its also operates in financial services and information technology services sector. The shares of the company closed at Rs 754.95, up by Rs 9.65, or 1.29%. The total volume of shares traded at the BSE was 106,261. (Wednesday)       Gammon India declares interim dividend of 20% The board of directors of Gammon India at its meeting held Mar.21, 2007 has declared an interim dividend of 20% (i.e. Rs 0.40 an equity share) for the financial year 2006-2007. Gammon India is one of the leading construction companies in India today. The company was established by late J.C. Gammon in 1919 as a firm of civil engineers & contractor which in 1922 was incorporated as a private limited company under the name of J. C. Gammon (Bombay). The firm went public in 1962 and was rechristened as Gammon India. Shares of the company closed lower by Rs 2.35, or 0.81%, at Rs 287.60. Total volume of shares traded at the BSE was 52,004. (3.56 pm, Wednesday).         Crompton Greaves declares third interim dividend of 25%   The board of directors of Crompton Greaves at its meeting held  Mar.21, 2007 has declared a third interim dividend of 25%, that is Rs 0.50 a share, on 366,566,592 equity shares of Rs 2 each for the financial year 2006-07. Further the company said that Scott Bayman has been appointed as an additional director of the company with immediate effect. Crompton Greaves (CGL), part of the Thapar Group, was incorporated in 1937. It is one of the largest players in India in the electrical equipment and engineering industry. The company is mainly engaged in the manufacture, distribution and sale of electrical and electronic equipment systems. [...]




Fri, 22 Sep 2006 16:02:00 +0000

Tata Motors to invest Rs 4 bn in Argentina
Source: IRIS NEWS DIGEST (22 September 2006)

Tata Motors plans to invest about Rs 4 billion in Cordoba in Argentina. The largest auto maker is putting up a beachhead to penetrate the automobile markets of Latin America, reports DNA Money.

The foray into Argentina would be part of the agreement that Tata Motors signed recently with Italian auto giant, Fiat. The set-up in Argentina will assemble an economy vehicle. The investment is expected to provide 2,200 direct and indirect jobs. Tata Motors` partner, Fiat will be making motors and transmissions with a USD 50 million investment.

Tata Motors recently announced its plans to invest close to Rs 120 billion over a period of four years to set up new manufacturing facilities and launch new products in the domestic and overseas markets. The company is looking at Russia as an important market for commercial vehicles and passenger cars.

Cil Securities declares 10% dividend
Source: IRIS (22 September 2006)

Cil Securities has declared a dividend at the rate of 10% on the equity shares of the company, Rs 1 per share of Rs 10 each fully paid up.

As per the latest results, CIL Securities` net sales for the 3-months period ended 30th June, 2006 was Rs 23.50 million and its PAT was Rs 6.67 million. The company`s earnings per share on a trailing twelve month basis is Rs. 4.87. At the closing price of Rs. 13.51 on Thursday at the BSE, the company`s shares were valued at 2.77 times earnings on a trailing twelve month basis.

Prudential Sugar board to consider allotment of CRPS
Source: IRIS (22 September 2006)

The board of directors of Prudential Sugar Corporation will consider the allotment of 4 lakh 6% cumulative redeemable preference shares (CRPS) for Rs 20 million to IFCI.

The board meeting of the company will be held on September 29, 2006 to consider the allotment of redeemable preference shares.

Pantaloon Retail to issue convertible securities
Source: IRIS (22 September 2006)

Pantaloon Retail India has authorized the board to issue, offer and allot equity shares or convertible securities with or without detachable warrants or fully convertible debentures for an aggregate issue size not exceeding Rs 2600 million to prospective investors whether institutions, incorporated bodies, mutual funds through public issues, rights issues, subject to necessary provisions and approvals.

Further, the board has given the authority to issue and allot 12,12,480 warrants with an option to the warrant holder to acquire, for every warrant, one fully paid up equity share for Rs 10 each at a price of Rs 1635 per warrant aggregating an issue price of Rs 1,98,24,04,800 to the promoter group on a preferential allotment basis, on such terms and conditions, subject to necessary provisions and approvals.

The members at the extra ordinary general meeting (EGM) of the company held on September 22, 2006 approved the above mentioned issues.




Tue, 12 Sep 2006 20:31:00 +0000

This how the world is..
--------------------------
A story is told about a soldier who was finally coming home afterhaving fought in Vietnam. He called his parents from San Francisco."Mom and Dad, I'm coming home, but I've a favor to ask. I have a friendI'd like to bring home with me.""Sure," they replied, "we'd love to meet him.""There's something you should know the son continued, "he was hurtpretty badly in the fighting. He stepped on a land mind and lost an arm anda leg. He has nowhere else to go, and I want him to come live with us.""I'm sorry to hear that, son. Maybe we can help him find somewhere tolive.""No, Mom and Dad, I want him to live with us.""Son," said the father, "you don't know what you're asking. Someonewith such a handicap would be a terrible burden on us. We have our ownlives to live, and we can't let something like this interfere with ourlives. I think you should just come home and forget about this guy. He'llfind a way to live on his own."At that point, the son hung up the phone. The parents heard nothingmore from him. A few days later, however, they received a call from theSan Francisco police. Their son had died after falling from a building,they were told. The police believed it was suicide. The grief-strickenparents flew to San Francisco and were taken to the city morgue toidentify the body of their son. They recognized him, but to their horrorthey also discovered something they didn't know, their son had only onearm and one leg.The parents in this story are like many of us. We find it easy to lovethose who are good-looking or fun to have around, but we don't likepeople who inconvenience us or make us feel uncomfortable. We would ratherstay away from people who aren't as healthy, beautiful, or smart as weare. Thankfully, there's someone who won't treat us that way. Someonewho loves us with an unconditional love that welcomes us into theforever family, regardless of how messed up we are.
---------------------------------------------------------------------------------------------




Wed, 06 Sep 2006 09:46:00 +0000

10 Ways To Keep Visitors At Your Site LongerThe more time people spend at your web site, the more time you'll have to persuade them to buy your product or service. Below are ten powerful ways to keep visitors at your web site longer.1. Provide your web site visitors with content they can't read anywhere else. People will stay longer at your web site to read the original content.2. Remind your web site visitors they can print out your content. They may browse around your online store while it's printing.3. Offer your web site visitors a freebie if they take the time to fill out your online survey. They'll be at the site longer and might buy something afterwards.4. Offer your visitors free software that they can download right from your web site. While they are waiting they might read your ad.5. Provide a huge online directory of information that your visitors could search. The directory must contain information your visitors would want.6. Make sure all your web pages load fast or your visitors will leave fast. Time is precious; they won't waste it waiting for your site to load.7. Tell your visitors what's offered at your web site at the very beginning. If people are confused about what's being offered they may leave too early.8. Publish your web site professionally. People will get turned off and leave if they see a lot of spelling and grammar mistakes.9. Make your site text easy to read. Most people won't strain their eyes trying to read text that is too small, light or bright.10. Use headlines and sub headlines all over your your web site that will grab visitors attention. It will attract them to explore your web site longer.10 Tips For Writing A Profit Producing Ad1. You can get ad copy ideas by studying similar product's advertising material. Collect their sales letters, classified ads, web ads, e-mail ads, etc.2. Know exactly what you want your ad copy to accomplish. It could be to qualify prospects, make sales, generate leads, attract web traffic, etc.3. Make a complete list of your product's benefits and features. Begin your ad with the most important benefit either in your headline or first sentence.4. Make your ad benefits as specific as possible. Include exact numbers, percentages, times, colors, smells, sounds, descriptive adjectives, etc.5. List all the ways your product is different from your competition's. Include all the differences in your ad copy that are better than their product.6. Use graphics, pictures and drawings of people actually using your product to solve their problem. Include a picture that also shows the results.7. Make a list of your target audience. Write down what reasons would attract them to purchase your product. Include those reasons in your ad copy.8. Include any proven facts in your ad copy. They could be customer surveys, scientific tests, product reviews, etc.9. Tell your audience what kind of support they'll get after they buy. It could be free consulting, tech support, free servicing, etc.10. Ask people at the end of your copy why they decided not to buy. This will give you new ideas on how to produce a more profitable ad copy.. Place colorful graphs, pie charts and other charts in your ad copy. Use charts that will grab a persons eye and also support your product claims.2. Highlight buying incentives like free bonuses and money back guarantees. You could place them in boxes or in front of a different colored background.3. Use short sentences or sentence fragments in the body of your ad copy. A short burst of words can catch a skimmers eye with one quick glance.4. Highlight all the important keywords and phrases in your ad copy. You could use bolding, underlining and color to highlight the important words.5. Place attention grabbing pictures above and within[...]



Bears OverPower Sensex.

Thu, 06 Oct 2005 17:38:00 +0000

Sensex tumbles over 200 points 
Sensex has throughout the day remained in the clutches of sellers, with the selling intensifying in the last leg of the day’s trading session.

The BSE Sensex has ended the day at a provisional close of 8518 points, down 206 points from its previous close.

The NSE Nifty ended the day at a provisional close of 2574 points, down 70 points from its previous close.

The Sensex started the day on a weak note on the back of negative cues coming from the Dow Jones and Nasdaq Composite.

While Nasdaq lost 1.7% to 2103 points, and Dow Jones lost 1.2% to 10317 points. FIIs turned net buyers to the tune of Rs 421.60 crore , while domestic mutual funds turned net sellers of Rs 41.98 crore on October 04, 2005.

The indices on Wall Street witnessed sell-off yesterday on anticipation of further hike in interest rates due to renewed focus on inflation.

Indian ADRs were not spared either and they witnessed sharp fall.

ICICI Bank was the biggest loser, down 8.34% followed by Rediff (down 4.51%), HDFC Bank (down 4.36%), VSNL (down 3.88%) and Dr Reddy's (down 2.49%). MTNL, however, outsmarted the trend and moved higher by 2.90% taking cues from the domestic markets.

Sensex opened lower by 31 points from its previous close at 8,693 points.

The high for Sensex is at 8693.20 points while the fresh low of 8508.43 was hit in the last session of the days trading.

The Sensex oscillated a good 185 points in highly volatile trades.

The BSE Midcap index was down by 1.73% while the BSE Small cap index was down by 1.56%.

The BSE Auto index was down 2.64%, BSE Metal was down sharply by 4.15%, BSE FMCG index was down 2.68%, and BSE Bankex was down 3.46% .

Among Sensex stocks, 27 stocks closed lower while only 3 stocks ended higher.

Tata Steel was the biggest loser, down 5.15% to Rs 402.60 on volumes of 28.47 lakh shares. There are reports that the company is looking at buying a construction grade steel company in Thailand.

ICICI Bank followed with a loss of 4.88% to Rs 534.50 on volumes of 8.53 lakh shares following a sharp fall in its ADR.

ONGC lost 2.6% to Rs 1045 on volumes of 3.79 lakh shares

HDFC declined by 2.85% to Rs 1002. 15.05 lakh shares changed hands.

Dr Reddy’s was the biggest gainer, up 1.55% to Rs 923.

Ranbaxy followed with a gain of 1.15% to Rs 518.55.

HPCL was up 1.1% to Rs 325.7

Total turnover for the day amounted to Rs 3708 crore.

Advance decline ratio was negative at 1:3.5 with 588 shares moving higher while 1929 shares lower. 37 shares remained unchanged by now.

Reliance Industries topped in turnover terms with a turnover of Rs 233 crore, followed by HDFC with Rs 150.94 crore, and Bharti Televentures with Rs 148.26 crore.

Side counters like ITL Industries, Banswara Syntex, Blow Plast, Lakshmi Mills, Lakshmi Cotysn, Rishi Packers and Modern Dairy were all higher by more than 6% each.

While, State Bank of Mysore, Liberty Phosparte, Sesa Goa, Sumeet Industries, IFSL, Elgi Equipment, Vadilal Enterprises, Modison Metals, Rathi Udyog, and Pradeep Metals lost in a range of 10% to 5% each.


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One Eye MOM Story.

Thu, 06 Oct 2005 17:32:00 +0000

My mom only had one eye.I hated her... she was such an embarressment..My mom ran a small shop at a flea market.She collected little weeds and such to sell...anything for the money we neededshe was such an embarressment.There was this one day during elementary school..It was field day, and my mom came.I was so embarressed. how could she do this to me? I threw her a hateful  look and ran out.The next day at school..."your mom only has one eye?!?!" ..and they taunted me.I wished that my mom would just dissappear from this world So I said to my  mom, "mom.. why dont you have the other eye?If you're only gonna make me  a laughing stock, why dont you just die?!!!" My mom did not respond.. I  guess i felt a little bad, but at the same time, it felt good to think  that i had said what i'd wanted to say all thistime..Maybe it was  because my mom hadnt punished me, but i did'nt thinkthat i had hurt her feelings very badly.That night...   I woke up, and went to the kitchen to get a glass of water. My mom was crying there, so quietly, as if she was afraid that she might  wake me. I took a look at her, then turned away. because of the thing I had said to her earlier.  There was something pinching at me in the corner  of my heart. Even so, i hated my mother who was crying out of her one eye.So I told myself that i would grow up and become successful, cause I hated my one-eyed mom and our desperate poverty. Then i studied real hard.I left my mother and came to Seoul and studied, and got accepted in the Seoul University with all the confidence I had. Then, I got married. I bought a house of my own. Then I had kids, too.. Now i'm living happily as a successful man. I like it here because it's a place that doesnt remind me of my Mom.This happiness was getting bigger and bigger, when.. what? who's this?It was my mother.....still with her one eye. It felt as if the whole sky was falling apart on me. My little girl ran away, scared of my mom's eye and i asked her, "who are you?!" "I dont know you!!!" as if trying to make that real. I screamed at her," how dare you come to my house and scare my daughter!" "GET OUT OF HERE! NOW!!!" and to this, my mother quietly answered, "oh, i'm so sorry. I may have gotten the wrong address," and she dissappeared out of sight.Thank goodness... she doesnt recognize me.. I was quite relieved. I told myself that i wasnt going to care, or think about this for the rest of my life. Then a wave of relief came upon me...one day, a letter regarding a school reunion came to my house.So, telling my wife that I was going on a business trip, I went.  After the reunion, I went down to the old shack, that I used to call a house...just out of curiosity. There, I found my mother fallen on the cold ground. But I did not shed a single tear. She had a piece of paper in her hand.... it was a letter to me.My son...I think my life has been long enough now.. and... I wont visit Seoul anymore...but would it be too much to ask if i wanted you to come visit me once in a while? I miss you so much.. and I was so glad when I heard you were coming for the reunion. But I decided not to go to the school. ...for you...and I'm sorry that I only have one eye, and I was an embarrassment for you.You see, when you were very little, you got into an accident, and lost your eye. As a mom, I couldnt stand watching you having to grow up with only one eye... so i gave you mine... i was so proud of my son that was seeing a whole new world for me, in my place, with that eye. I was never upset at you for anything you did.. the couple times that you were angry with me,.. i thought to myself, 'it's because he lov[...]



Market Wrap

Wed, 05 Oct 2005 13:53:00 +0000

Weak global markets infect Sensex  Concerns that FII inflow may slow down due to weakness in the Indian rupee against the US dollar and a subdued to weak trend in global markets triggered a correction on the bourses today. A host of small- and mid-cap stocks meandered lower, and some side counters like Voltas and GE Shipping proved volatile. Select stocks made headway on renewed buying in an otherwise subdued market. The 30-share BSE Sensex lost 75.49 points or 0.8% to 8,724.47. The S&P CNX Nifty shed 18.95 points or 0.71% to settle at 2,644.40. Asian and European stocks were in decline on Wednesday, aping their US counterparts following comments from three Fed officials who made it quite clear that the US central bank will keep raising interest rates to keep inflation at bay. Turnover declined on BSE, at Rs 3,336 crore compared to Tuesday’s Rs 3,835 crore. The weakening of the rupee against the dollar has set off fears that FII inflows into India may slacken. The rupee struck a fresh 10-month low today before recovering from the lower level. FII inflows have beem a telling influence on the how the Indian bourses moved (upward) this year. The cumulative FII inflow in calendar 2005 has reached $ 8.65 billion (till 4 October 2005), as compared to an inflow of $ 8.51 billion in whole of calendar 2004. The Sensex has been mounting up in the past few days on the back of data indicating strong GDP growth in Q1 June 2005, a heavy monsoon this year, along with expectations of robust Q2 September 2005 results. From a recent low of 8,221.64 on 22 September 2005, the Sensex has spiraled up 578.32 points or 7% in a short while to a lifetime closing high of 8,799.96 on 4 October 2005. ICICI Bank was the subject of a sell-off today after the private sector bank said it would consider further issue of equity capital in a board meeting on 13 October 2005. Index heavyweight Reliance Industries (RIL) turned out volatile, oscillating between positive and negative territory. Software major Infosys managed a rebound from the lower level as the company is expected to come out with buoyant Q2 results. Refinery stocks moved upstream following a sharp fall in global crude oil prices. Buying was conspicuous in bearings manufacturers, in select IT stocks, and some power-equipment makers. Three PSUs – HTM, ITI and MTNL - surged. All the three stocks rose on high volume. Zee Telefilms spurted on high volume. Stocks like Mahindra & Mahindra, NIIT, GSFC, Kennametal Widia, Agro Tech Foods, Amtek Auto, Rallis India, Bharat Gears, Amtek India, iGate Global Solutions, Sri Adhikari Brothers, Kinetic Engineering, MM Forgings, Shanthi Gears, FAG Bearings, BASF India, Dabur Pharma, Tamil Nadu Newsprint, Sasken Communication, Wartsila and Blue Dart Express rose between 3% to 8% for the day. ICICI Bank plunged 4.4% to Rs 563.50. 6.7 lakh shares changed hands in the counter on BSE. ITC lost 3.5% to Rs 131.75. The stock declined on huge volume of 69.5 lakh shares. The launch of its first scooter model failed to boost Hero Honda. The stock lost 1.4% to Rs 752.05. Hindalco shed 1.7% to Rs 150 and Tata Steel lost 2% to Rs 423.75. RIL lost 0.5% to Rs 801.55. 17.4 lakh shares changed hands in the counter on BSE. Media major Zee Telefilms jumped 6% to Rs 186.80. The stock rose on high volume of 36.3 lakh shares. Zee said on Tuesday it has appointed Jagjit Singh Kohli as the CEO of Siticable Network Ltd, a subsidiary of the company. Jagjit Singh Kohli is a cable industry veteran with 20 years experience in various capacities. Kohli founded INCablenet, and pioneered the corporatisation of the cable industry and the MSO concept. Software[...]



Sensex Ends in Red.

Wed, 05 Oct 2005 13:50:00 +0000

Deceleration in FII inflows, subdued global markets prompt 75-point drop in Sensex 

Figures indicating a slowdown in FII inflow in the past few days and a subdued to weak trend in global markets triggered profit taking on the domestic bourses today. A host of small- and mid-cap stocks moved lower, and some side counters like Voltas and GE Shipping proved volatile.

Select stocks made headway on renewed buying in an otherwise weak market.

ICICI Bank was the subject of a sell-off after the private sector bank said it would consider further issue of equity capital in a board meeting on 13 October 2005. Index heavyweight Reliance Industries (RIL) turned out volatile, oscillating between positive and negative territory.

Software major Infosys managed a rebound from the lower level as the company is expected to come out with buoyant Q2 results. Refinery stocks moved upstream following a sharp fall in global crude oil prices. Buying was conspicuous in bearings manufacturers, in select IT stocks, and some power-equipment makers.

Three PSUs – HTM, ITI and MTNL - surged. All the three stocks rose on high volume.

Zee Telefilms spurted on high volume. Stocks like Mahindra & Mahindra, NIIT, GSFC, Kennametal Widia, Agro Tech Foods, Amtek Auto, Rallis India, Bharat Gears, Amtek India, iGate Global Solutions, Sri Adhikari Brothers, Kinetic Engineering, MM Forgings, Shanthi Gears, FAG Bearings, BASF India, Dabur Pharma, Tamil Nadu Newsprint, Wartsila and Blue Dart Express rose between 3% to 8% for the day.

The 30-share BSE Sensex lost 75.49 points or 0.8% to 8,724.47.

Asian and European stocks slipped on Wednesday in line with their US peers after comments from three Fed officials made it clear that the US central bank will keep raising interest rates to keep inflation at bay.

Turnover declined on BSE. BSE clocked a turnover of Rs 3,336 crore compared to Tuesday’s Rs 3,835 crore.

ICICI Bank plunged 4.4% to Rs 563.50. 6.7 lakh shares changed hands in the counter on BSE.

ITC lost 3.5% to Rs 131.75. The stock declined on huge volume of 69.5 lakh shares.

The launch of its first scooter model failed to boost Hero Honda. The stock lost 1.4% to Rs 752.05.

Hindalco shed 1.7% to Rs 150 and Tata Steel lost 2% to Rs 423.75.

RIL lost 0.5% to Rs 801.55. 17.4 lakh shares changed hands in the counter on BSE.

Media major Zee Telefilms jumped 6% to Rs 186.80. The stock rose on high volume of 36.3 lakh shares. Zee said on Tuesday it has appointed Jagjit Singh Kohli as the CEO of Siticable Network Ltd, a subsidiary of the company. Jagjit Singh Kohli is a cable industry veteran with 20 years experience in various capacities. Kohli founded INCablenet, and pioneered the corporatisation of the cable industry and the MSO concept.

Software bellwether Infosys rose 0.8% to Rs 2,651.55.


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Stock News

Wed, 05 Oct 2005 13:46:00 +0000

DS Kulkarni decides to come up with Rights issue

DS Kulkarni Developers Ltd`s board of directors has decided to come up with right issue in the ratio 1:1 of equity shares of Rs 10 each of the company at a premium of Rs 90 per share and issue price Rs 100 per share.

The aggregate issue size is Rs 1,10,00,00,000.

The board has decided to put up the draft letter of offer to the merchant bankers for their comments and approval.

Shares of DS Kulkarni were last traded on BSE at Rs 143.35, down by 3.44 per cent
 

Federal Bank board to consider merger with LKB

Federal Bank Ltd`s board of directors will consider merger of Lord Krishna Bank Ltd (LKB) with the Bank subject to satisfactory details, financial and legal due diligence, obtaining all statutory, regulatory and other approvals and arriving at an acceptable valuation.

Shares of Federal Bank were last traded on BSE at Rs 195.65, up by 0.54 per cent.  

IKF Technologies gets board nod for setting up refinery in Rajasthan

IKF Technologies Ltd`s board has approved to purchase industrial land for setting up refinery from Rajasthan State Industrial Development and Investment Corporation Ltd for producing Bio-Fuel.

The board has also proposed to set-up R&D center and office at Udaipur in collaboration with, MLS University of Udaipur.

The board has appointed Bhaskar B Rao, as the additional director of the company.

Shares of IKF Technologies were last traded on BSE at Rs 4.96, up 4.86 per cent.

Madhya Pradesh Glychem members declare 11% dividend

Madhya Pradesh Glychem Industries Ltd`s members have declared 11% dividend for the year ended March 31, 2005 that is Rs 1.10 per equity share of Rs 10 each.

The members have re-appointed P S Santhanakrishnan and P D Nagar as the directors of the company. They have also re-appointed Ashok Khasgiwala & Company, Chartered Accountants, as the auditors of the company to hold office up to the conclusion of the next annual general meeting (AGM) of the company.

Shares of Madhya Pradesh Glychem were last traded on BSE at Rs 42.50, down 5.03 per cent.
 

Nagarjuna Construction gets members nod for raising $120 mn

Nagarjuna Construction Company Ltd`s members have approved to raise up to US $ 120 million by way of issuing Global Depository Receipts or Foreign Currency Convertible Bonds and consequential alterations in the memorandum and articles of association of the company.

Shares of Nagarjuna Construction were last traded on BSE at Rs 237, up 0.51 per cent.


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Intraday Calls for 6th-Oct -2005

Wed, 05 Oct 2005 13:39:00 +0000

INTRADAY TRADING CALLS     Script Call CMP Target  StopLoss Abbot BUY 657 667 652 J.B.Chemical BUY 93 96 91 Sonata BUY 32 34 31 ABB BUY 1771 1783 1760     Note:Plz Maintain Strict StopLoss. Yahoo! for Good Click here to donate to the Hurricane Katrina relief effort. [...]



Stock News

Tue, 04 Oct 2005 14:03:00 +0000

Autolite members approve issue securities worth Rs 7.5 crore

Autolite (India) Ltd`s members have authorized the board to issue securities in one or more tranches for a sum not exceeding Rs 7.5 crore as the board may deem fit.

The members have also approved the delisting proposal of equity shares of the company from any one or more stock exchanges.

The members have re-appointed R S Mehta, Anoop Bartaria, S L Gupta and G S Das as the directors of the company, liable to retire by rotation. The members have also appointed H C Garg & Co, chartered accountants, Jaipur as the auditors of the company.

Shares of Autolite were last traaded on BSE at Rs 25.05, up 4.81 per cent.
 

Banswara Textile board to consider amalgamation with Banswara Syntex

Banswara Textile Mills Ltd has convened a meeting of the board of directors of the company on October 08, 2005, to consider order of high court of Rajasthan, Jodhpur in the matter of amalgamation of the company with Banswara Syntex Ltd.

Shares of Banswara Textile were last traded on BSE at Rs 1.50

 

Essel Propack board to consider buy-back of shares

Essel Propack Ltd has convened a meeting of the board of directors of the company on October 11, 2005 to consider the proposal for buy-back of shares.

Shares of Essel Propack were last traded on BSE at Rs 358.85, up 3.68 per cent.

 

Freshtrop Fruits declares 12.5% dividend

Freshtrop Fruits Ltd members have declared final dividend of 12.5 per cent on the paid up equity share capital of the company.

The members have re-appointed Mayur Shah as director of the company.

Shares of Freshtrop Fruits were last traded on BSE at Rs 48.30, up by 5 per cent.


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Intraday Calls for 5th-Oct -2005

Tue, 04 Oct 2005 13:45:00 +0000

INTRADAY TRADING CALLS   Script Call CMP Target  StopLoss Adani Export BUY 65.75 68 64 Alstom Power BUY 205 209 201 Aurobind Phar BUY 368 375 364 Bnk Of India BUY 132 137 129 G.E.Shipp BUY 212 220 206 GTL BUY 127 132 123 Shiiping Corp BUY 165 170 162.5     Note:Plz Maintain Strict StopLoss. Yahoo! for Good Click here to donate to the Hurricane Katrina relief effort. [...]



Dream Cars

Sat, 01 Oct 2005 11:21:00 +0000

Mercedes-Benz SLR McLaren The new Mercedes-Benz SLR McLaren is a two-seater supercar with swing-wing doors and styling elements borrowed straight out of Formula 1. Equipped with cutting-edge race car technology and new Merc developments, SLR McLaren ensures an unusually high standard of safety while remaining suitable for the everyday use. Price: $4,52,000 (approx.) The Carrera GT The Carrera GT is an innovative sports car that defines the unique philosophy of vehicle design to create a car that is more than the sum of its parts. While the engine is one of the most powerful on the road, it offers six-speed racing gearbox and the radical new ceramic clutch system for day-to-day practicality. Price: $4,43,000 (approx.) Maybach 62 sedan The 2005 Maybach 62 is a 4-door, 4-passenger sedan. It features a standard 5.5-litre and 543-horsepower engine. A carryover from the 2004 model, Maybach’s styling balances classic and avant-garde features. The car’s primary goal is to deliver an "entirely new definition of first class". Price: $3,77,000 (approx.) Rolls-Royce Phantom Ranked as the sixth-generation Phantom, the ultra-luxury sedan is powered by a 453-horsepower, 6.75-litre V-12 engine. Aluminum space-frame construction makes it the lightest structure ever used by Rolls-Royce to build this super car. Price: $3,20,000 (approx Lamborghini Murcielago The Lamborghini Murcielago is 2-seater, 2-door with gull-wing doors, mid-mounted V12 engine and gearbox mounted in front of the engine. Presented as a concept car in 2003 in Detroit - where it generated significant interest among Italian supercar enthusiasts - the production version of this roadster made its official debut at Geneva in 2004. As with the Coupe, the design of the Murcielago Roadster is exclusive, aggressive and extreme. Price: $2,81,000 (approx.) Ferrari, the 612 Scaglietti Measuring 193 inches long and 77 inches wide, it is slightly bigger than a Lexus LX 470 sport/utility. Even in this day when everything seems to come jumbo or supersize, our first glance at this flagship Ferrari caused us to ask: "Est tu, Ferrari?" Yes, you may call it the big new baby. Price: $2,54,000 (approx Yahoo! for Good Click here to donate to the Hurricane Katrina relief effort. [...]



Little India in Singapore

Sat, 01 Oct 2005 09:41:00 +0000

I shudder to think what round-the-clock shopping at Singapore's Mustafa and a new metro right up to its doorstep will do to India's diplomacy. For our ministers and civil servants, who crowd Singapore either for bilateral meetings of the utmost importance or because it just happens to be an unavoidable stop on the cheapest and shortest route between Rio de Janeiro (or Accra or Vancouver) and Delhi, will now spend even more time and money in this place of pilgrimage for high and low. Wherever Indians gather, the conversation turns sooner or later to shopping. And in the Far East, more often than not it centres on that magic name, the universally understood shorthand for two back-to-back emporia in the dingy part of Singapore called Little India. One is the old Mohamad Mustafa & Samsuddin Co in Serangoon Road. The other Mustafa Centre opened in 1995 in nearby Syed Alwi Road. They are now open 24 hours -- an innovation even for innovative Singapore -- and are served by the North-east Line, which started on June 20. Farrer Park, the new station diagonally opposite the old Mustafa, commemorates the site where on February 17, 1942, 45,000 Indian troops joined the Indian National Army, then led by Mohan Singh. Mustaq Ahmad, Mustafa's youthful 50-something managing director whose family is from Uttar Pradesh, probably wouldn't thank me for saying that his store is an Indian shrine. His website claims customers from Japan, America and Europe. Perhaps there are. In recent years, I have seen some obviously Slav types, just as the occasional Chinese face is now visible among the Malayali or Tamil Muslim shop assistants. But the overwhelming majority is still South Asian. The Chinese Singaporean MP who remarked in caustic racism that it gets dark very early in Little India -- referring to the masses of Indian and Bangladeshi workers that congregate there on Sunday evenings when the police are out in numbers to regulate traffic -- might have included Mustafa. Another joke at South Asia's expense is that the word has spread in Bangladesh that money pours out if you touch the wall of Tekka Mall. Only a stone's throw away from Mustafa, Tekka Mall is Little India's old heart, a grubby rabbit warren of shops and stalls where you can buy goat's meat, subcontinental fish and spices and gaudy nylon sarees. The wall-touching refers to the ATM machine outside. Such pejorative references may explain why Mustafa shies away from proclaiming that its main clientele is South Asian. Mustaq Ahmad likes to recall that a man who bought five television sets paid for them from the US and had the goods shipped to Russia. Such tales create a sophisticated international image. Yet, statistics show that Indians are among Singapore's best buyers, ranking just after South Africans. The smart set might sneer that what they buy is trash -- trinkets, inexpensive household gadgets and fancy goods, and that, in any case, it is for resale. Often, apparently, one man acts as courier for several persons in India. But the colour of money doesn't change with what it's spent on, and it is this almost wholesale mopping up of cheap goods that keeps Singapore's economy ticking over in these hard times. It also explains why when so many fashionable stores and boutiques are on the rocks, Mustafa continues to increase its profit year after year. Starting as a convenience store, it now has 3,000 items on site and assets worth more than $100 million. Mustaq Ahmad is nothing if not ad[...]



Stock News

Fri, 30 Sep 2005 13:41:00 +0000

Mold-Tek Technologies members increases authorised share capital

Mold-Tek Technologies Ltd members have re-appointment Subhash Chandra Bose and P Shyam Sunder as directors of the company, liable to retire by rotation.

The board has increased authorised share capital of the company from Rs 11 crore to Rs 12 crore by creation of 10 lakh equity shares of Rs 10 each, ranking pari passu with the existing equity shares of the company and consequential amendment in memorandum of association of the company.

Shares of Mold-Tek Technologies were last traded on BSE at Rs 46.70, up by 3.66 per cent.
 

Ansal Housing members approve issue of securities

Ansal Housing & Construction Ltd members have approved borrowing power of Rs 100 crore to Rs 300 crore.

The board has issued 10 lakh warrants with the option to convert one warrant into one fully paid-up equity share to Beach Financial Services Pvt Ltd in accordance with the provisions of SEBI (DIP) Guidelines, 2000.

The board also issues Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) upto $ 25 Million.

Binny Ltd`s board allots 30 crore cumulative redeemable preference shares

Binny Ltd`s board of director has issued and allotted 30 crore cumulative redeemable preference shares of the Rs 5 each fully paid up towards the unsecured loan brought in by the promoters of the company.

 

Rico Auto members approve 100% dividend

Rico Auto Industries Ltd members have approved interim dividend of 100 per cent as final dividend on equity shares for the financial year 2004-05.

The members have re-appointed Kanwal Monga, Amarjit Chopra and John T Sheffler as directors of the company.

Shares of  Rico Auto were last traded on BSE at Rs 93.55, down by 2.20 per cent.


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Intraday Calls for 3rd-Oct-2005

Fri, 30 Sep 2005 13:26:00 +0000

INTRADAY TRADING CALLSScriptCallCMPTarget StopLossHDFCBUY10381045/10701032NTPCBUY105.85109103TISCOBUY423429419Dr.ReddyBUY853870844VSNLBUY358368353 Note:Plz Maintain Strict StopLoss.Yahoo! for GoodClick here to donate to the Hurricane Katrina relief effort.[...]