Archive for February, 2008
PSU banking stocks down on Union Budget 2008
The finance minister’s announcement of complete waiver of loans for marginal farmers with agricultural holding of 1-2 hectors of area proved a dampener for PSU banking shares with exposure to the rural sector. At 12:02 pm, BSE Bankex fell 1.78 per cent with Allahabad Bank down 3.41 per cent, Andhra Bank (1.63%), Punjab National Bank [...]
Union Budget India 2008: Winning / Losing Sectors
This post will be updated all day today. Higher Outlay For Polio, HIV Eradication; + ve Panacea Biotech & Cipla, Sun Pharma, Ranbaxy Labs Educational sector: Employment pool for KPO’s will benefit IT sector, Infosys, TCS 20% Higher Outlay For Education; +ve Educomp, Everonn, Aptech, NIIT
CG Impex Board Bonus Issue
CG Impex Board to consider Bonus Issue on the meeting thats going to be held on March 4th 2008. More info on the bonus info will be out on March 4th 2008 itself.
Manjushree Extrusions IPO listing on Feb 28, Tomorrow
Manjushree Extrusions will list on the BSE with its equity shares on February 28, 2008. You read it correct, it’s listing only on BSE and not NSE. This company is listed before on other exchanges in the country like Ahmedabad Stock Exchange, Calcutta Stock Exchange, and Guwahati Stock Exchange. The offer price is at Rs [...]
L&T Infotech IPO Postponed to 2009
Indian engineering firm Larsen & Toubro Monday said it has rescheduled the initial public offering of unit L&T Infotech to 2009. The IPO was originally scheduled for late this year, 2008. “We are not in a hurry and we will not get the required valuation in the present market conditions. So we have postponed it,” [...]
Godrej Properties IPO – DRHP in 10 days
Adi Godrej of Godrej Industries informed that they are going to file for DRHP with SEBI for Godrej Properties IPO. They shall be diluting 10% stake through Godrej Properties IPO. The news of filing the DRHP in 10 days actually pushed Godrej Industries to touch upper circuit by 5%. Let’s see how Godrej Industries traverse [...]
HDFC Standard Life IPO Anytime Soon?
Insurance company HDFC Standard Life is thinking about bringing an IPO. Standard Life Chairman Gerry Grimstone visited recently and he mentioned that HDFC and Standard Life together are checking about the possibility of the business in near future in India and are willing to mull the IPO together. HDFC standard life IPO date is not [...]
