BSE NSE Dalal Street blog, Nifty futures

Muthoot Finance to accrue Rs 500 crore thru NCDs public issue

noreply@blogger.com (VJonDalalStreet) — Mon, 13 Feb 2012 09:35:40 PST

Muthoot Finance Limited announced that it already submitted its papers with BSE Limited for a public issue of secured NCDs or non-convertible debentures with a face value worth Rs 1,000 each in order to accrue Rs 500 crore.

Tata Comm to accrue $500-600 million equity until 2015

noreply@blogger.com (VJonDalalStreet) — Mon, 13 Feb 2012 09:39:11 PST

Tata Communications has been eyeing for finances to the amount of USD 500 million to USD 600 million of equity until 2015 to retire arrears as it aims to make investment worth USD 200-250 million in the next financial year.

Amway India eyes Rs 2,500 crore turnover in 2012

noreply@blogger.com (VJonDalalStreet) — Mon, 13 Feb 2012 09:43:40 PST

William S Pinckney, the Managing Director and CEO of Amway India, announced that the firm has been eyeing to obtain Rs 2,500 crore turnover in 2012 as it achieved Rs 2,130 crore turnover in 2011.

Amrutanjan Executives approves JV of Siva’s Soft Drink

noreply@blogger.com (VJonDalalStreet) — Mon, 13 Feb 2012 09:49:14 PST

Amrutanjan Health Care already made a joint venture with its beverage unit, Siva’s Soft Drink, producers of fruit juices named “Fruitnik” which was given the nod by their management committee.

Net interest margins increases in December: SBI

noreply@blogger.com (VJonDalalStreet) — Mon, 13 Feb 2012 09:55:29 PST

The government-managed State Bank of India, the nation’s largest lending firm, announced that its net interest margin increased in the quarter until December with a figure of 4.05%.

IVRCL bags Rs 1,429.78 crore deals

noreply@blogger.com (VJonDalalStreet) — Mon, 13 Feb 2012 09:58:48 PST

IVRCL Assets & Holdings, the subsidiary of infrastructure firm IVRCL, already bagged deals to the amount of Rs 1,429.78 crore in thoroughfare, transportation, water as well as constructing segments.

BSE Sensex hikes 0.43% as market in rampage

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 08:59:51 PST

The BSE Sensex was up 75.73 points or 0.43% to 17,848.57, its highest closing level since 3 August 2011. The index gained 117.49 points at the day's high of 17,890.33 in late trade. The index fell 30.26 points at the day's low of 17,742.58 in early trade. The S&P CNX Nifty was up 25.85 points or 0.48% to 5,416.05, its highest closing level since 2 August 2011. Nifty hit a high of 5,428.05 and low

Prime Minister requests Highways Ministry to grant 15 top ventures in 2012

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 09:40:46 PST

Prime Minister Manmohan Singh announced this day that in order to hasten up thoroughfare ventures as well as reach goals; he requested the Road Transport and Highways Ministry to make certain the granting of 15 top ventures in 2012.

Unitech impacted by decline in demand for shelters

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 09:44:54 PST

The third rank realty firm of India by sales, Unitech Ltd, announced that the firm got affected by a decline in demand for shelters in an increasing interest rate surrounding.

Reliance recommends to separate model township at SEZ in Haryana

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 09:53:46 PST

Reliance already recommended to separate the model township at Haryana Jhajjar Special Economic Zones or SEZ wherein this is set to get the nod from the Haryana State Industrial and Infrastructure Development Corporation or HSIIDC.

Lanco under negotiations to accrue utmost $750 million for biz growth

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 09:58:04 PST

Lanco Infratech Ltd has been under negotiations with stakeholders to put on sale a number of equity shares in its energy unit to accrue $600 million to $ 750 million to finance widening of operations.

Fidelity, stakeholders make Rs 2 billion investment in Aptuit Laurus

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 10:59:09 PST

Fidelity Growth Partners, the independent equity unit of Fidelity Worldwide Investment, together with current stakeholders already made an investment of Rs 2 billion in Aptuit Laurus Pvt Ltd, a pharmaceutical firm in India.

Diamond Power Infra to invest Rs 753 crore for plant expansion

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 11:03:52 PST

Diamond Power Infrastructure aims to make investment of Rs 753 crore to widen up its present production refinery at Vadodra to make conductors as well as medium voltage cables.

Reliance Power to hit 5,000 Megawatts goal by year-end

noreply@blogger.com (VJonDalalStreet) — Tue, 14 Feb 2012 11:12:34 PST

Reliance Power’s chief executive officer, JP Chalasani, announced that the plant load factor or PLF of Rosa I stood at 76% wherein it produced one billion units in the current quarter. Furthermore, the firm revealed that it is set to obtain 5,000 Megawatts goal by the end of the year.

BSE Sensex expands 1.98% as market rises again

noreply@blogger.com (VJonDalalStreet) — Wed, 15 Feb 2012 05:05:15 PST

The BSE Sensex jumped 353.84 points or 1.98% to settle at 18,202.41, its highest closing level since 1 August 2011. The index jumped 382.78 points at the day's high of 18,231.35 in late trade. The index rose 151.73 points at the day's low of 18,000.30 in opening trade. The S&P CNX Nifty jumped 115.90 points or 2.14% to settle at 5,531.95, its highest closing level since 27 July 2011. The Nifty

BSE Sensex drops 0.27% as market dips

noreply@blogger.com (VJonDalalStreet) — Thu, 16 Feb 2012 08:43:37 PST

The BSE Sensex was down 48.42 points or 0.27% to 18,153.99. The index shed 19.63 points at the day's high of 18,182.78 in late trade. The index lost 159.09 points at the day's low of 18,043.32 in mid-morning trade. The S&P CNX Nifty was down 10 points or 0.18% to 5,521.95. The Nifty hit a high of 5,531.40 and low of 5,483.75 in intraday trade. The BSE Mid-Cap index rose 1.04% and the BSE

MindTree eyes better than Nasscom’s growth prediction of 11-14%

noreply@blogger.com (VJonDalalStreet) — Thu, 16 Feb 2012 09:02:56 PST

The chief financial officer of MindTree, Rostow Ravanan, announced that they should be able to surpass the 11-14% yearly expansion prediction of Nasscom or National Association of Software and Services Companies for the IT industry in India in FY13.

NMDC merger unit with Severstal postponed

noreply@blogger.com (VJonDalalStreet) — Thu, 16 Feb 2012 09:17:32 PST

NMDC Ltd’s shared business enterprise with Severstal of Russia to establish a steel refinery in India that can produce 3 million tonnes of steel has been postponed due to over shareholding and interruption in mining linkages.

Reserve Bank approves $1.18 billion refinancing of Reliance Communications

noreply@blogger.com (VJonDalalStreet) — Thu, 16 Feb 2012 09:21:30 PST

Reliance Communications announced this day that it already obtained the approval of Reserve Bank for refinancing $1.18-billion of its foreign currency convertible bonds or FCCBs by a group of lenders from China.

NTPC favored by Supreme Court against Ansaldo bid

noreply@blogger.com (VJonDalalStreet) — Thu, 16 Feb 2012 09:27:49 PST

In the latest development, the Supreme Court announced this day that it favored NTPC as it rule against the High Court judgment related to the Ansaldo bid to the Rs 160 billion bumper project.