Indian Stock Market

Tata Steel has announced that its planning to raise capacity in its Jamshedpur plant to 10 million tons per year.

BMW is planning to set up a International Procurement Office in New Delhi as a part of sourcing components from India

CRISIL has come out with a research report on Microsec Financial Services IPO. It has assigned a CRISIL IPO Grade 2/5 to the company’s IPO. Microsec Financial Services aims to raise around Rs 1600 million by this proposed public issue of 8 million equity shares.
Allotment Status , Allocation details , Listing Price , date will be updated soon

With input costs shooting up and a fuel price hike in the horizon, carmakers have a tough task on hand luring in customers. While April was a relatively good month for carmakers in terms of sales, they are seeing a sharp fall in numbers in May.

Punjab National Bank will bid only as part of a consortium for IFCI stake, say wire reports. PNB will study IFCI stake sale proposal before making any bid, it said.

Wipro Consumer Care Lighting has won a trademark infringement case against a Delhi company that had been using its brand name and similar packaging to sell its GLS lamps.

The country=C2=92s largest software exporter Tata Consultancy Services =20=
(TCS) has outlined a capital expenditure plan (capex) of Rs 1,900 =20 crore for the fiscal year 200809. This is 35.7 per cent higher than Rs =20=
1,400 crore, which the company spent as capex in the fiscal year 2007.=

The Department of Telecom (DoT) had another round of discussion with Research In Motion (RIM) in a bid to find a solution to the security concerns around Blackberry services.

BSNL IPO | Bharat Sanchar Nigam Ltd IPO : A government of India Enterprice

BSNL is trying to launch an IPO to raise funds for GSM expansion , 3G Service in India , Wimax Data service.

Company has Rs 40,000 Crores as reserves. Company is trying very hard to launch this offering .

BSNL IPO is the biggest initial offering from Government sector side. Size of this IPO is unknown but Valuation is likely to be in the range of Rs. 75,000 to 1,50,000 Crores.

Union Minister for Telecom and IT , Mr.Raja ( DMK ) is desperate to list this entity.

BSNL Unions however are not intrested in listing the PSU . Govt has to get consent from the union before they go ahead with this one.

IPO Price is likely to be in the range of Rs. 250 – 400 per share.

Other Details like Analysis , Recommendation , Allotment Status , Allocation Details , Grey Market Premium and Listing Information will also be updated here soon.

United Breweries rights issue closed yesterday. Date of allotment of rights issue shares will be announced soon and allocation will be made to respective demat accounts soon

Som Distilleries plans doubling beer production at a cost of 30 crs through internal accruals.
Machineries are to be imported from Krones, Germany.

ScanPoint Graphics has changed the name of company to Scan Point Geomatics

Accurate Transformers has got 50 crs worth orders from various State Electricity Boards.Total Order Book stands at 90 crs which are to be executed in the next 3 months.

Emami to buy 11% equity in Zandu Pharmaceuticals

Essar Oil has announced that its refinery has announced that its refinery started operating from May 1 2008