Indian Stock Market

Era Infra Engineering has bagged orders worth Rs.500 Crores

Orders:

1. “Main Plant, CW, Make-up, Offsite Civil Works Chimney & Chimney Elevator” Package for Nabinagar Thermal Power Project (4×250 MW) at Nabinagar, District Aurangabad, Bihar by Bharatiya Rail Bijlee Company Ltd. (BRBCL) (A subsidiary of NTPC Ltd.) valued at Rs. 369.70 crores.

2. “Cast in Situ RCC Bored Piling in SMS III complex (Pkg No. 033A1) at BSP, Bhilai” valued at Rs. 59.48 Crores (approx) from Steel Authority of India Ltd., Bhilai.

3. Construction of 10 Buildings under OBC reservation Package -II CPWD- BHU, Varanasi valued at 51.14 Crores (approx).

4. Contract from Rural Electrification Authority, Lusaka Zambia, in association with Chamb Investment Ltd, for the supply, delivery, installation and commissioning of Electicity Grid Extension and Transformers in selected Areas of Zambia valued at Rs. 28.56 Crores (approx).

BIG 92.7 FM has decided to launch FM Station on Mobile. It has tied up with OnMobile Global to launch it in mobile.

It will be available in 17 multi-lingual specially programmed channels in India. This service will also be available in select global markets including Malaysia, Singapore, UAE, Bangladesh, Sri Lanka and Indonesia which have large Indian communities.

So soon , we can enjoy hearing radio with our data connections through Mobile. But the clarity will be much reduced without 3G. BSNL 3G Subscribers can enjoy .

Start of Mobile Data revolution.

Satluj Jal Vidyut Nigam IPO is going be launched soon.

Rs. 1200 crores is the amount to be raised by this IPO.

More than merely a power company, NJHEP has come to embody SJVN’s value system. This is a corporation dedicated to ethical practices and to social responsibility, using its business ventures to open up the landlocked hinterland to economic and social hope and aspiration, helping agricultural and industrial productivity, providing gainful employment to local workers, skilled and unskilled, allowing them to essential facilities such as schools and hospitals.

It is this value system that SJVN has carried to its next big project, the 412 mw Rampur Hydro Electric Project (RHEP), which is a run of the river project and will use the tail race waters of the NJHEP. Construction for RHEP, located in Shimla district, has commenced and the project is expected to be commissioned by 2012.

In the 12th Five Yesr Plan, SJVN will also complete the Luhri Hydro Electric Projects in Himachal Pradesh and the Devsari, Naitwar Mori and Jakhol Sankri Hydro Electric Projects in Uttaranchal. A project in Sikkim is in the pipeline. By the end of the 11th plan, SJVN aims to be a 4, 000 mw company.

SJVN’s commitment to ethical business practices has been recognized. In 2003-04, it was awarded the “Gold Award” for outstanding achievement in “Safety Practices” by the Greentech Foundation, New Delhi. In 2004, it received the Golden Peacock Eco-innovation Award at the World Environment Congress. SJVN has also been awarded the ISO 9001:2000 certification for quality management systems at the Nathpa Jhakri power station, as well as the ISO 14001 certification for environment, relief and safety.

SJVN is proud of having executed a highly efficient and effective resettlement and rehabilitation (R&R) programme. So successful has been its R&R effort that an independent impact assessment audit conducted by the Agro-Economic research Centre of the Himachal Pradesh University found that, between 1996 and 2002, the literacy rate in the NJHEP zone had risen from 58 to 73 percent, average annual income per household had gone up from Rs. 29,114 to Rs. 104,640 and the percentage of families living below the poverty line had fallen from 25.6 to 16.8.

Pvr cinemas chennai is getting ready and will be thrown open to chennai audiences on March 5 2010.

Satyam cinemas , Mayajaal, Inox , Devi cinemas , sangam cinemas will soon face a big competitor . Satyam is the leader in chennai among multiplexes .

Online Booking / SMS Booking is in almost all Multiplexes in Chennai. Addition of PVR in chennai will lessen the demand for Tickets in Satyam , Inox mainly.

VR (Priya Village Roadshow) Cinemas is one of the largest cinema chains in India. The company, which began as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited, began its commercial operations in June 1997 with the launch of PVR Anupam in Saket, India’s first multiplex. By introducing the multiplex concept in India, PVR Cinemas brought in a whole new paradigm shift to the cinema viewing experience: high class seating, state-of-the-art screens and audio-visual systems.

As of 2009, PVR has a total of 106 screens in 26 multiplexes across India. PVR commands a significant presence in New Delhi and NCR with 37 screens in 13 multiplexes. PVR also has a strong presence in Lucknow, Indore, Hyderabad, and Bangalore. It is expanding to other parts of the country, especially in Mumbai with openings of PVR Juhu, where there are many other established multiplex. After the tremendous success of Cinema Europa in Delhi, PVR Cinemas has introduced the concept of luxury viewing to Bangalore as well. PVR also currently operates India’s largest multiplex, PVR Bangalore, which has 11 screens multiplex which includes two ultra premium cinemas known as the Gold Class and two luxurious auditoriums called Cinema Europa.

PVR recently launched its premium brand, PVR Premiere, targeted at urban consumers in metros, with the opening of PVR Select Citywalk in Select Citywalk. The company operates two other brands, PVR Talkies, the no-frills cinemas for consumers in tier II cities and the original PVR Cinemas targeted at the urban & semi-urban consumers. PVR additionally plans to invest Rs 300-400 crore to open 250 screens by 2010.

United Bank of India – UBI IPO Allotment Status

United bank of India ( UBI ) IPO is the most successful IPO in recent times.

The IPO was over Subscribed by 35 times. Retail Portion was over Subscribed by 10 times , QIP by 47 times , NII by 40 times , Employee quota by .5 times . So the allotment should be tough. Allotment status can be known by next week.

Allocation details will be updates in this link

Allotment status should be available in few days.

Listing date is yet to be announced

Career point , the test preparation company is going to launch an IPO. The company plans to raise Rs.100 crores .

Career Point is based out of Kota in Rajasthan, and provides coaching for entrance examinations for engineering institutions like Indian Institute of Technology (IITs) and medical colleges. Its promoted by Pramod Maheshwari and has also recently forayed into education consultancy and management services, catering to K-12 and higher catering to K-12 and higher education segment. For the six month period ending September 2009, Career Point had total income of Rs 34 crore and a net profit of Rs 10.3 crore. profit of Rs 10.3 crore. Career Point raised Rs 50 crore from Franklin Templeton Private Equity Strategy in July 2009.

This was followed by another round, where the firm raised Rs 10 crore from Infosys co-founder Nadathur S. Raghvan. It has also raised funding from Volrado Ventures in 2007. has also raised funding from Volrado Ventures in 2007. Career Point had 24,000 enrollments last year and has a presence in 29 cities through a mix of company run as well as franchisee operations. Besides test preparation, Career Point has also entered into traditional education areas like Kindergarten to Grade-12 (K-12 School) and higher education (university). Career Point has also tied up with Kota’s Global Public School to provide Synchro-School Programme. This programme integrates studies for academic and competitive examinations, starting from Class VIII. Global Public is owned by Career Point through a trust. The group also has a management school called ProSeed Business School, which offers courses like BBA (Bachelors in Business administration), MBA (Masters in Business administration), Hospitality and Hotel Management. Management. There have been several investments in the test preparation space including Matrix Partners India’s Rs 100-crore investment in FIITJEE Ltd, which also provides training for engineering entrance exams. Another was Milestone Religare’s Rs 25-crore investment in IMS Learning Resources.

Thermax has brought Purolite dispute to an end.

Its a Rs.175 crore deal.

Water Treatment business accounts for Rs.250 – 300 crores

Company’s Total Order Book size is Rs.5223 Crores

Sachin Tendulkar Hits 200 .

Made India proud

L&T Mutual Fund is planning to expand all over india.

L&T had purchased Chola DBS Mutual Fund to enter this business.

Larsen and Toubro paid Rs. 45 crores to get 100% stake.

UFO Moviez signs up 700 screens for showing IPL

2010 IPL Schedule
News: Indiantelevision

UFO Moviez is going to show IPL Matches in 700 screens.
The exclusive techno-commercial partner for showing the Indian Premier League (IPL) on theatres is UFO Movies.

Adani is setting up a port project in kalinga in Orissa . It’s going to invest rs.10000 crores. The port will have 16 berths .
Ahmedabad-based Adani Group has shown interest in setting up a port in Orissa with an investment of Rs 10,000 crore, an
official said.
Adani Group officials met Chief Minister Naveen Patnaik on Thursday with the proposal.
“The Adani Group has given this proposal to set up a port. The state government is examining the proposal,” said Satyabrat Sahu, transport and commerce secretary of Orissa.
Once the proposed port comes up it would be named the Adani-Kalinga Port. According to officials, the group plans to develop the port in two phases near Paradip in Jagatsinghpur district, three km from the proposed Posco India port.
The group plans to invest Rs 5,000 crore in each of the two phases.
According to the group, the proposed port would have 12 berths and would be completed by 2015-16.
The proposed all weather port will have a capacity of 100 million tonnes.

Spicejet is going to see a new investor.
Kalanithi maran of sun network will invest Rs.500 crores .
Kalanithi maran is one of the richest man in south India.

This news article is taken from VC Circle.
Siva Ventures has sold two-thirds of its stake for a sum of Rs 39.1 crore.
Siva Ventures Ltd, the flagship company of C Sivasankaran’s Sterling Infotech Group, has sold nearly 10% stake in Sahara One Media and Entertainment in an off market transaction. The investor, who bought the stake in 2006, has sold two-thirds of his stake for a sum of Rs 39.1 crore. Siva Ventures still holds a 4.95% stake in Sahara One, which is engaged in the business of television and film production. The development comes close on the heels of Siva Ventures looking at exiting another Sahara Group firm – Aamby Valley, a lifestyle real estate venture located near Lonavala in Maharashtra. VCCircle was first to report that Siva, (as he is known in business circles) is selling his 49% stake back to the promoters. The latest reports indicate that Sahara Group could be repaying Rs1,680 crore to Siva Ventures and will pay another Rs1,120 crore by March this year. Siva invested Rs 1,800 crore in Aamby through a mix of equity shares and debentures. Siva Ventures, which was earlier known as Aircel Televentures Ltd, had picked up a 14.98% stake in Sahara One in May 2006. The stake was picked up for a total sum of Rs 120 crore with each share coming to Rs 372 apiece. The shares of Sahara were last traded at Rs 178, which values the remaining stake at around Rs 19 crore. This would translate into a 50% loss on the investment, without taking into account any dividends. Sahara One reported revenues of Rs 235 crore and a net profit of Rs 2 crore in FY09.

Tata Motors is selling stake in Tata Motors Finance.

Rumours are that SBI is in fray to get 50% stake in TMFL.

TMFL is the largest financier of vehicles made by Tata Motors with over two million customers financed. A media report had said SBI may pick up a 49% stake in the financing arm.

Corporate Affairs Minister Salman Khurshid today said Indian Govt will help Bharti to seal Zain deal.

“We will be happy to pitch in to compete with the best in the world,” Khurshid said.

Asked about the regulatory roadblocks that the company may face, Khurshid said: “Nothing has been brought to our notice yet. As in the past (reffering to Bharti’s failed bid for South Africa’s MTN), there was obviously policy issues.

As far as the present information (regarding Zain) is concerned, nothing has come to us. But if anything comes to us, as I said, we will do whatever, we can.”