List
of articles posted on 5-Oct-2007.
Stock mkts open in the positive
Friday, October 05, 2007 www.indiainfoline.com
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Stock market
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Following cues from the US and the Asian markets, the stock markets have bounced back in the opening trades. The leading gainers among the Sensex stocks include index heavyweights such as Reliance Industries, HDFC, Reliance Communication and L&T. At 10:00 am (IST), the BSE 30-share Sensex has gained by 80 points to 17,857 and NSE Nifty has added 26 points at 5,235.
Tags :
Stock-Markets
Sensex
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Comments | Submitted by : corporate
Maytas Infra subscribed 68 times
Friday, October 05, 2007 www.indiainfoline.com
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Stock market
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The recently concluded public offer of Maytas Infra Ltd. received an excellent response from investors, with the issue being subscribed close to 68 times on the last day. Maytas - which had fixed the price-band at Rs 320 to Rs 370 a share - is promoted by the founders of Satyam Computer Services Ltd.
Tags :
Maytas-Infra
Public-Offer
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Comments | Submitted by : guruji
HSBC envisages $600-m Indian realty fund
Friday, October 05, 2007 economictimes.indiatimes.com
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Finance
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The financial services major HSBC is planning to raise $500-600 million for an India-focused real estate fund. This will make the London-headquartered firm, the first foreign financial institution to raise an India-focused realty fund. Several companies are stting up realty funds to take advantage of the boom in the real estate industry in India.
Tags :
Real-Estate
Realty-Fund
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Comments | Submitted by : corporate
Nimbus claims Twenty20 rights
Friday, October 05, 2007 economictimes.indiatimes.com
(
Sports - Cricket
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The launch of the Twenty20 cricket format along with the BCCI's cricket league, Indian Premier league (IPL), may result in some trouble between the cricket board and the broadcasters. Sports management firm Nimbus, which bagged the rights from BCCI for $612 million in 2005 until 2010, is now claiming that it has the rights to the T20 matches as well as the IPL. However at the time of signing the
Tags :
BCCI
Nimbus
Twenty20
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Comments | Submitted by : guruji
Innovative technology can help economy expand
Friday, October 05, 2007 in.reuters.com
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Finance
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According to Mark Dutz, a senior economist at the World Bank, the Indian economy could expand even faster if there was greater use of innovative technology and schools and colleges raised the calibre of their teaching. "The output of the economy could increase more than five-fold if all enterprises could achieve national best practices based on knowledge already in use in India," he said.
Tags :
World-Bank
Indian-Economy
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Comments | Submitted by : corporate
Wall street sees marginal gains
Friday, October 05, 2007 www.indiainfoline.com
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Stock market
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The US stocks recovered from early declines, to post modest gains, even as investors remained cautious ahead of Friday's big monthly jobs report. The Standard & Poor's 500 Index added 3 points or 0.2%, to 1,542.84. The Dow Jones Industrial Average increased 6 points to 13,974.31. The Nasdaq Composite Index gained 4 points, or 0.2%, to 2,733.57.
Tags :
Dow-Jones
Nasdaq
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Comments | Submitted by : corporate
HCL Tech rises 0.5%
Friday, October 05, 2007 www.indiainfoline.com
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Stock market
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Following reports that HCL Tech has won a multi-year multi-million-dollar contract from Hercules Inc to provide end-to-end IT infrastructure management services, the share price of the company rose by 0.5% to touch Rs305. The scrip has touched an intra-day high of Rs308 and a low of Rs303 and has recorded volumes of over 25,000 shares on NSE.
Tags :
HCL-Tech
Contract
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Comments | Submitted by : guruji
ATM to be introduced in trains
Friday, October 05, 2007 www.financialexpress.com
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Business
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'Withdraw dought, while on the go' seeems to be the new mantra of the Indian Railways, who are planning to install ATMs in selected trains. "We already have ATMs in many stations. Now, as a further step, we are planning to install ATMs in some trains as a pilot project," said a senior railway ministry official. At first the railways will instal the ATN machines on popular trains and based on the
Tags :
Indian-Railways
ATM
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Comments | Submitted by : corporate
DLF to raise 20 billion rupees : Reports
Friday, October 05, 2007 in.reuters.com
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Business
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Newspaper reports stated that DLF Ltd - India's largest real estate developer - is currently holding talks with private equity firms and investment banks to raise 20 billion rupees ($500 million). According to the Times of India and the Economic Times, DLF was in talks with firms such as Carlyle, Merrill Lynch, JPMorgan and Crown Capital.
Tags :
Private-Equity
Investment-Banks
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Comments | Submitted by : corporate
BOI may dilute 5% govt stake : Chairman
Friday, October 05, 2007 in.reuters.com
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Finance
)
The Bank of India chairman, T.S. Narayanasami said that the state-run bank was likely to tap the capital market to raise fresh equity and dilute 5 percent of the government's stake in the bank. Narayanasami also said that the bank expected loan growth of about 23 to 24 percent in the fiscal year ending in March 2008.
Tags :
Capital-Market
Equity
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Comments | Submitted by : corporate
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