Month: July 2009

Fast tracking the process of disinvestment in public sector enterprises, the government has initiated talks with the Department of Telecommunications (DoT) for disinvestment in BSNL and Telecommunications Consultants India (TCIL) in the current fiscal. Finance secretary Ashok Chawla had reportedly held a meeting with various ministries over disinvestment in certain companies and also about IPOs … Read more Govt starts discussing BSNL IPO with DoT Employees Union

Copper rose to a one-month high as the dollar weakened and upbeat US corporate and economic numbers spurred investor confidence that the global economy had passed the worst of its downturn. Copper for September delivery on the New York Mercantile Exchange’s COMEX division gained 9.30 cents, or 4%, to settle at $2.3920 a lb, after … Read more Copper at 1-month high on economic data, positive earnings news

Auto major Mahindra & Mahindra (M&M) has launched its new Bolero MaxiTruck priced at Rs 3.52 Lakh, ex-showroom Pune. Bolero MaxiTruck has a 2,500 cc, 61 hp engine and the micro hybrid technology which will helps to save fuel as the technology turns off the engine if the vehicle stops anywhere e.g. traffic signal. It … Read more Mahindra launches Bolero MaxiTruck

Bharti Airtl has received approval from share holders to split the face value of its shares from Rs 10 to Rs 5 or in the ratio of 1:2.So the number of stocks you hold in Bharti Airtel will double after the record date. This is not the same a split that occurs in the US … Read more Bharti Airtel Stock Split ratio 1:2

India’s southwest monsoon, largely responsible for irrigating most of the kharif crop that is under sowing now, continues to remain a cause of concern for the government. The situation has started to play out with the Jharkhand government declaring drought in four districts. Manipur government has already declared drought in the whole state. The government … Read more Monsoon continues to remain a worry even as IMD sticks to its forecast

Indiabulls Power,a 100% subsidiary of Indiabulls Real Estate is considering for an initial public offer (IPO) to mop up about Rs 1,500 crore, intended to fund its three upcoming power projects in Maharashtra and Chhattisgarh. The company is most likely to come up with an initial public offer in August this year and will offer … Read more Indiabulls Power plans to enter the capital market – Stay Away