NTPC marginally up on commissioning 500 MW unit in Bihar
June 30, 2009 by admin
Filed under Buzzing Stocks
National Thermal Power Corporation (NTPC) is trading in the green on the BSE after the company successfully synchronized a 500 MW unit number 7 of Kahalgaon Super Thermal Power Project- Stage II located in the state of Bihar on June 28, 2009.
Motherson Sumi advances on posting good NP numbers
June 30, 2009 by admin
Filed under Buzzing Stocks
Motherson Sumi Systems is trading in the green on the BSE after the company posted good consolidated fourth quarter net profit.
DoT to roll out mobile numbers with ‘8’ as the first digit
June 30, 2009 by admin
Filed under Economy News
The Department of Telecommunications (DoT) is expected to permit mobile telecom operators to roll out new mobile numbers with ‘8’ as the first digit. The move has been necessitated following a huge spurt in the mobile subscriber base and having used up all mobile numbers beginning with ‘9’.
IMD sees monsoon advancing
June 30, 2009 by admin
Filed under Economy News
In an important development for the Indian economy, the monsoon has started advancing again after showing a lull for a couple of weeks. Indian meteorological department (IMD) said on Monday that monsoon had covered most parts of Maharashtra and was advancing towards other states.
Government may import cooking oil to keep prices from rising
June 30, 2009 by admin
Filed under Economy News
In a repeat of last year’s exercise, the government is looking to raise the stock of cooking oil that it maintains to ensure stability of prices of the commodity. Last year, when the inflation was jumping upwards and cooking oil prices were soaring, the government had ordered state agencies to import large quantities of the cooking oil to ensure steady supply in the country.
Core sector growth at 2.8% in May
June 30, 2009 by admin
Filed under Economy News
India’s core sector output grew at 2.8% percent in May compared with same month last year, according to the data released by the government on Tuesday. This is, however, nearly half the revised infrastructure output growth of 5% for the month of April.
Mahindra Holidays’ IPO receives positive success
June 30, 2009 by admin
Filed under IPO Section
Time share holiday and leisure hospitality provider Mahindra Holidays and Resorts India, which closed its initial public offer on June 26, received a positive response from market participants for the same. The issue was subscribed 9.8 times and has been priced at Rs 300 per share.
Areva T&D, BL Kashyap likely to see some action today
June 30, 2009 by admin
Filed under Stocks to Watch
Areva T&D India has received an order from Hindalco for 2x 220 kv conversion substations. The order involves design, supply, installation and commissioning of 5×100 kA, 1650 V DC rectifier stations at each location of Bargwan (Singrauli-Madhya Pradesh) and Lapanga (Sambalpur- Orissa).
Unitech mobilizes Rs 1,155 cr through warrants issue
June 30, 2009 by admin
Filed under Company News
Realty major Unitech has mobilized fresh funds of worth Rs 1,154.56 crore by allotting 22.75 crore convertible warrants to Harsil Projects, a promoter group company, on a preferential basis.
GMR Infra fixes floor price of Rs 142 a share for QIP
June 30, 2009 by admin
Filed under Company News
GMR Infrastructure has derived a floor price of Rs 142 per share for its qualified institutional placement (QIP).