Bharat Sanchar Nigam (BSNL) has signed an agreement with Nokia Siemens Networks (NSN) to expand its broadband coverage to 25,000 villages.
BSNL will deploy NSN’s multi-play solutions to offer high-speed Internet, virtual private networks (VPNs) and connectivity to community service centres (CSCs).
Kuldeep Goyal, chairman and managing director, BSNL, said: “BSNL is a pioneer in providing affordable, [...]
Power Grid Corporation has raised close to $1 billion (Rs 4,000 crore) via loans from Asian Development Bank (ADB) and The World Bank.
According to a release issued by Power Grid to the BSE today, the company has signed a loan agreement with ADB, Manila for $400 million. The loan is part of ADB’s newly introduced [...]
Larsen & Toubro Ltd (L&T) has announced that the Company has been awarded a Rs 576 crore order by Hindustan Petroleum Corporation Ltd (HPCL).
HPCL has awarded L&T a large project order of 200,000 Tonnes per annum Lube Oil Base Stock (LOBS) Plant consisting of Raffinate Hydrotreating Unit (RHT), Mobil Selective Dewaxing Unit (MSDW) & Hydro [...]
Bharat Oman Refineries, an equal joint venture between state-owned Bharat Petroleum Corporation (BPCL) and Oman Oil Company (OMCL), is set raise Rs 2,400 crore from the primary market. The company on Friday filed the draft red herring prospectus with the market regulator Sebi for the proposed IPO.
The proceeds of the issue, which also includes a [...]
elReliance Power, the flagship company of the Reliance Anil Dhirubhai Ambani (ADA) Group, will place orders worth Rs 10,000 crore for 12 boiler, turbine and generators (BTGs) for its power plants in a few days. This will be the largest ever such order worldwide to be placed with a power equipment manufacturer.
Five international boiler and [...]
Liquor tycoon Vijay Mallya is open to buying back Heineken’s 37.5% stake in United Breweries (UB), in which he holds an equal stake, at the prevailing market price. “If you ask me whether I would buy them back, my answer is at today’s price, sure, I am a buyer,” Mr Mallya told ET. But Heineken [...]
The United Spirits winery in Baramati is ready to take up its first ever harvest of the 2008 vintage. The company will be launching six varieties of wines this year with a target of 5 million bottles in five years.
Built over a plot of 300 acre, the crushing at the winery has begun and the [...]
100% payment by QIBs in IPOs and shorter time between IPO closing & listing.
The Securities and Exchange Board of India (Sebi) is expected to take two decisions simultaneously in July.
The first is to introduce a shorter time-frame between the closure of an IPO for subscription and its listing.
The second is asking all classes of investors, [...]
Mumbai-based financial services firm Prime Securities Ltd today announced that it would be setting aside Rs 23 crore ($5.7 million) as a provision for losses suffered during the recent stock market crash. The estimated provision was made for a depletion in the value of the securities the firm holds to date.
Listed on the Bombay Stock [...]
Gammon Infrastructure Projects IPO Allotment status is out and allocation details can be checked here…
Gammon Infra IPO Allotment
Retail investors can get good allotment .Comment on your Expected Listing price here.
The Deccan brand, once synonymous with low cost flying in India, will cease to exist after its merger with the Vijay Mallya promoted Kingfisher Airlines, which will takeoff for international destinations by August.
“Deccan will cease to exist because after the merger there will be only one company and that will be Kingfisher Airlines,” UB Group [...]
Titagarh Wagons IPO subscribed 1.71 times
The initial public offering of Titagarh Wagons was subscribed 1.71 times as at 12:00 pm, on the last day of the issue, according to data available on the NSE.
So far 40,67,030 bids have been submitted against 23,83,768 shares on offer. Around 55,550 bids were received at the [...]
Maruti likely to increase introductory price of Swift DZire
Maruti Suzuki India on Thursday said it is likely to raise in the next few weeks, the price of its entry level sedan Swift DZire to offset high input costs.
“The company is likely to revise the introductory prices in the next few weeks [...]
Pepsi will be the official beverage of the lucrative Indian Premier League (IPL) for five years and the deal with the soft drink giant has been struck at $12.5 million.
Well-placed sources in the IPL said only the eight franchise owners would benefit from the deal.
Pepsi, which has a long [...]
Care has come out with research report on AVON Weighing Systems (AWSL). It has assigned ‘IPO Grade 2’ to the company’s IPO. The company proposes an IPO of 98,36,400 equity shares of face value Rs10 each, amounting to Rs 9.84 crore.
Care report on AVON Weighing Systems IPO
CARE has assigned ‘CARE IPO Grade 2’ to the [...]