MOIL LIMITED IPO

MOIL LIMITED Issue Open:November 26, 2010 Issue close: December 01, 2010 Price Band: Rs. 340 - Rs. 375 Per Equity Share Minimum Bid Size:17 Equity Shares Face Value:Rs. 10 Per Equity Share Issue Type:100% Book Building Maximum Subscription Amount for Retail Investor:Rs. 200000MOIL LIMITED IPO : Incorporate in 1896, MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel.MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg,...

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Loan scam: 17 companies on CBI radar

New Delhi: A day after it arrested the very top rung of some of India's public sector banks and financial institutions for allegedly sanctioning loans in return for bribes, the Central Bureau of Investigation (CBI) has now shifted its focus to 17 companies that allegedly received loans.The investigating agency has served notification to all companies under the scanner in the multi-crore scam and asked them to submit details of the loans they got as alleged beneficiaries. The companies have been asked to file their replies by today.A total of eight people have been arrested by the CBI. Among them: Ramchandran Nair, the Chief Executive Officer (CEO) of LIC Housing Finance; RN Tayal, General Manager of Bank of India; and Venkoba Gujjal, Deputy General Manager of Punjab National Bank."A private...

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Smartphones prices halved in 1 year

KOLKATA/NEW DELHI: Smartphone prices have almost halved since the start of the year due to cutthroat competition, relentless introduction of newer and more efficient technologies and ever-increasing demand in a booming Indian economy where rising incomes make more and more consumers go for higher-end products.Smartphone -- or feature-rich handset that can support multi-tasking, mobile office, mobile internet , push mail and run different kinds of applications -- is the fastest-growing category in the world's fastest-growing mobile phone market.An entry-level smartphone now costs just about Rs 6,500, down from Rs 12,000 last year. And handset makers such as Nokia, Samsung, LG, Dell, BlackBerry and HTC say the prices will plunge further next year on higher volumes as more people access the...

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Samsung launches 4 new smartphones

Korean handset maker Samsung today launched four new smartphones under its 'Wave' and 'Omnia' series, priced between Rs 8,800 and Rs 13,500. "The new smartphones reinforce Samsung's commitment towards enhancing and democratising the smartphone experience in India," Samsung India Country Head (Mobile and IT) Ranjit Yadav said in a statement. Samsung's smartphone portfolio consists of eight phones in Android, bada and Windows platform at a price range of Rs 8,800 to Rs 31,5...

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101 BMW in single deal by Aurangabad rich men

Together, 101 residents of the tourism centre of Aurangabad in this state who’d mass-booked a BMW (Bayerische Motoren Werke GmbH) car each, are jointly negotiating with State Bank of India to get a seven-year loan at a seven per cent rate of interest. They did the booking on Sunday at a Pune-based dealer, Bavaria Motors, and are also negotiating with the latter to supply the models (3-series, 5-series, 6-series and 7-series) at a 10-20 per cent discount. The total deal is expected to be worth Rs 40 crore.A BMW car costs between Rs 28 lakh and Rs 1 crore. The buyers include young entrepreneurs, doctors, builders, politicians and other professionals....

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Maruti And Volkswagen Pact Working Wonders

The pact between Suzuki Motor Corp and the German car maker Volkswagen has paved way for launching more cars and components. This has given an opportunity for the chief of Suzuki to make a visit to the Maruti premises. Volkswagen has acquired 20% stake in Suzuki Japan. The visit, third to India in this year, is marked as an assessment of Maruti’s indigenous manufacture of cars on global standards. Further, the line up from Nissan for Volkswagen will also be taken into account, said a company press release.Nissan is currently marketing Maruti’s A-Star in Europe as Pixo. Maruti’s share in the JV is worth 54.4% with an investment of Rs5500-6000...

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Sensex ends sharply lower after housing scam

Indian markets continued to drop for the second day on Wednesday. The Sensex witnessed a late sell off after media reports that the Central Bureau of Investigation (CBI) had questioned the top officials of LIC Housing and Central Bank Of India in connection with an alleged multi-crore fake home loans scandal.At the close, the benchmark 30-share index, BSE Sensex declined 231.99 points or 1.18% at 19,459.85 with 25 components posting drop. Meanwhile, the broad based NSE Nifty fell by 69 points or 1.16% at 5,865.75 with 44 components posting drop. The Central Bureau of Investigation (CBI) while addressing media said that it has arrested LIC Housing...

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Housing scam: CBI arrests top officials of PSU banks, financial institutions

MUMBAI: The Central Bureau of India (CBI) on Wednesday arrested top officials from some leading PSU banks and public/private financial institutions. The CBI said that the officers of Bank of India, Central bank of India, Punjab National bank and LIC HF were receiving illegal gratification for facilitating loans. Executives at Money Matters were arrested for broking bribery deals . Five separate cases have been registered and investigations are on, the leading investigation agency said in a press conference. It hasn't put up a figure to the size of the scam. The biggest arrests included the CEO of LIC Housing Finance. The...

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Bharti Airtel crosses 20 crore users, launches new logo

Telecom major Bharti Airtel has announced that it has crossed the significant milestone of 20 crore customers, reinforcing its leadership position in global telecom, reports CNBC-TV18.It has also launched a new identity in 19 countries in Asia and Africa. Announcing this, Sunil Bharti Mittal, Chairman and Managing Director, Bharti airtel said, “Fifteen years ago Bharti airtel started its journey in India with a promise of delivering world class and affordable services. Today, as we expand on the global stage, this new brand identity gives us the opportunity to present a single, powerful and unified face to our customers, stakeholders and partners...

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Bharti Airtel to re-brand 'Airtel', to spend Rs 300 crores

MUMBAI: Sunil Mittal's Bharti Airtel is going in for a mega brand change of Airtel for which the company will spend Rs 300 crores globally, sources close to the development said. The unveiling of the brand is expected next week. The new look of the brand is expected to have a swoosh locked with the word Airtel. The way Airtel is written may also change, it is not expected to have a capital 'A' under the new brand. The red colour, though, will still be dominant in the new brand. Sources said the Airtel's re-branding is done by the agency J Walter Thompson . The new brand...

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Sensex ends 153 pts up; financial, tech, metal, FMCG lead

Equity benchmarks strengthened in last couple of hours after a consolidation as well as sell-off since previous week - the benchmark Nifty closed above 6100 level on Monday and the Sensex added more than 150 points, led by buying in financial, technology, FMCG and metal companies' shares. A short covering after a sell-off in last week was another reason behind this bounce back. Apurva Shah of Prabhudas Lilladher expects the markets stabilizing more or less at these levels in near term. "I am not expecting any great movements over the next 10-15 days. I do think that we will once again start seeing inflows and looking better from December onwards. So in the near term I think we will stay more or less at these levels but I believe from December end and even going into January we will see a stronger...

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Sensex and Nifty ends Down

The BSE benchmark Sensex declined sharply by 848 points and the Nifty by 241 points following all-round selling led by realty, banking, PSU and metal segments due to weak industrial output data amid distinctly sluggish global advices.Selling was so strong that all indices ended lower between 0.23 per cent and 6.52 per cent.The Bombay Stock Exchange 30-share barometer index opened slightly higher at 21,041.97 and moved up further to 21,075.71 but immediately declined to 20,108.40 before closing the week at 20,156.89, showing a sharp loss of 848.07 points or 4.04 per cent from its last weekend's level.The NSE 50-share nifty also tumbled by 240.80 points or 3.81 per cent to 6,071.65 from 6,312.45 previously.Asian stocks closed sluggish on Friday with the China's Shanghai Composite index dipping...

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TVS Motor Company Ltd

TVS Motor Company Ltd Rs. 79.25 0.70 (0.89%) Date: November 12, 2010Ashuu Kakkarr - Tech Analyst, ashuukakkarr.com (Hold) The stock had a good rise from a low of 30 in February this year to a high of 93. However, profit booking looks on the anvil and the stock might come down to the support levels of 60-48-40.AK Prabhakar - Equity Analyst (Sell)The two wheeler segment is likely to perform but the market is overvalued at this time so wait for correction to buy.Read more at: http://profit.ndtv.com/stock/recommendation...

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Glenmark Pharmaceuticals Ltd

Glenmark Pharmaceuticals Ltd(Hold) Rs. 347.70 -13.85 (-3.83%) Date: November 12, 2010 Ashuu Kakkarr - Tech Analyst, ashuukakkarr.com The stock has support at 310-240 levels. The resistance is at 378-405 levels. Hold with a target of 465. AK Prabhakar - Equity AnalystThe company has successfully completed phase III trials for its HIV associated diarrhea drug. The company would be selling it in 124 countries. Bullish on the stock so hold with a target of 450-475 in a year.Read more at: http://profit.ndtv.com/stock/recommendation...

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Aashish Tater's top picks for your portfolio

On RSWM We have been recommending this stock right from Rs 108 levels and we had a modest target on the stock close to Rs 240-250 levels, the reason being that the company owns 20% into Bhilwara Energy. The LNG Bhilwara Group company we feel has got brand equity in terms of Mayur which is reflected into the current bottomline of the company. At current market price, the stock is trading at close to the valuation that it deserves for its core business. But with Bhilwara Energy IPO coming in the next two-three quarters, this company can get rerated in no time. On a marketcap of just Rs 450 crore, the company’s stake in Bhilwara Energy is valued at close to the Rs 400 crore mark because in 2007-2008 IFC picked up a 10.48% stake for close to Rs 200 crore. We feel this stock has still got some...

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Tata Steel swings to profit, Q2 net at 2,000 crore

MUMBAI: Tata Steel, the world's seventh largest steel company, posted a consolidated net profit of Rs 1,968 crore for the September quarter of FY11, defying street estimates.The company earns more than 70% from its European business, Corus, which it acquired in 2007 for $13 billion, and the remaining from India and other south-east Asian countries. Tata Steel's management attributed the improvement in earnings to a mix of volume and value growth and gains from part sale of its investment portfolio. Top company officials explained that while in India it sold more steel at lower prices, in Europe, it clocked lower volumes but at higher prices during the July to September period. Tata steel reported a consolidated loss of Rs 2,720 crore in the corresponding period of last fiscal.The company's...

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