India post-Office now Cross Selling Mobile REcharge Vouchers
Sistema Shyam TeleServices Ltd., the company that owns the MTS India Mobile brand, has tied-up with India Post to make available recharge vouchers across all post offices in Chennai. Initially, these vouchers will be available at 50 post offices, and the scheme will later be expanded to cover all post offices in the city.
India Post has a very vast and widespread network of post-offices that are located at prominent places. Several of them are landmarks in themselves. Read more
Welspun-Gujarat’s order book touches a record Rs 10,000 crore
Welspun-Gujarat Stahl Rohren (Welspun), the flagship company of the $2,000 million Welspun Group and the second largest line pipe company in the world, announced that its order book has touched Rs 10,000 crore, including orders executed during in second quarter of FY 2009-10.
This order book of Rs 10,000 crore from international and domestic market has reinforced company’s premium position in the oil & gas segment. Read more
IndiaBulls Power – Another Dirty Energy IPO + Bubble
The Indian Government seems to be in Love with Dirty Energy. At a time world over, Governments are bent upon closing their coal fired power plants, India seems to be happily permitting companies to operate in this area. What the Government nor the promoters of IndiaBulls Power don’t see is the implication of the Carbon Credit after 2010 on such Dirty Energy Plants.
Energy IPO Bubble – All of a sudden their is mad rush for Power companies as Merchant Bankers and the media together have painted a rosy picture of this dirty Energy company.All the power companies raising money are doing at uncalled PREMIUM. Kindly stay away from such dirty energy companies.
Greedy Promoters of IndiaBulls – Premium Unjustified – Get the facts right - Promoters of IndiaBulls Power have allotted shares to themselves at a price of Rs 5 [after 1:1 Bonus] and you have been offered the same at price of Rs 40 to Rs 45. The company doesn’t see any cash flow until 2013 and the power plant is yet to be constructed. All they have is on paper approval. Investors MUST stay away from the IPO of third rate companies such as IndiaBulls Power.
Pipavav shipyard slips below IPO price
Pipavav Shipyard Ltd, one of the most shady IPOs this season has slipped into the RED i.e below the IPO price of Rs 58 to Rs 54.45 on the NSE. Pipavav Shipyard is promoted by Nikhil Gandhi etc who are indicted for rigging company share prices which can also constitute insiders trading.
We really hope the Retail Investors have exited the stock before the ship sinks like Titanic with an unreasonable IPO pricing 
Read more
Ansal Housing launches Thai style Ansals Suvarna Vilas – Shahpur
Designed by Thai architects 999, Ansals Suvarna Vilas is strategically located off the Nasik highway & is just 2 hours drive from Thane. Ansals Suvarna Vilas offers Thai styled villas with a private pool in each villa, starting from Rs. 28.99 lacs onwards. With a mini golf course amongst several other amenities like Clubhouse, Swimming Pool, Commercial, Restaurant, adventure sports like All Terrain Vehicles (ATVs) & Bumping boats, Tennis Court, Rock garden, jogging track around a lake, Ansals Suvarna Vilas is expected to be a Thai style weekend retreat away from the chaos of city life. Read more
MTS becomes 4th EVDO Wireless broadband Service Provider in India
Shyam Telecom operated MTS Mobile Services on the CDMA Platform has started providing Wireless broadband services as well. With this MTS becomes the 4th and final EVDO based broadband service provider in India. As on today their are only 4 CDMA operators in the country.
BroadbandIndia has details about MTS EVDO Wireless broadband Internet Data Plans. Starting Price for the EVDO card is little bit expensive ottherwise the broadband service must be really good.
Tata Communications Steps to Reduce False Answer Supervision
Tata Communications, a leading provider of a new world of communications and chair of the Global FAS forum, an industry wide forum formed to deal with the growing problem of False Answer Supervision (FAS), today announced that it has disconnected several carriers as part of its proactive actions to stamp out this form of fraud in the industry
FAS occurs when the calling party:
- is charged for a completed call even though the. call was never connected Read more
Telecom minister hints amending rules of USO Fund to penetrate rural market
Betting high on the its rural thrust, the government is mulling to tweak the Universal Service Obligation (USO) Fund rules in the next two months to enable telecom companies to have an access to the over Rs 11,000 crore fund. The fund under the USO, mandatorily lying with the government, is expected to give a booster to the industry in pursuing rural telephony.
Communications minister A Raja has said that the ministry was mulling to remove the rigidity in USO Fund rules and make it more flexible for telecom companies to increase rural penetration. He also added the new rules would do away with the tender system for allotting funds to operators, unnecessarily prolonging the procedural formalities. Read more
Mixed signal from retail companies
Retail companies are expected to report flat profits for September 2009 quarter. However, we expect PRIL to report 39% net
profit growth whereas Titan is expected to witness 17% decline in earnings due to margin squeeze in its jewellery business.
We expect Pantaloon Retail India Ltd to post a higher revenue growth at 26% this quarter driven by improvement in SSG attributed to improvement in business environment and reduced competitive pressures.
We expect Titan to deliver revenue, operating profit and earnings growth of 15%, (-)11.7% and (-)17.4%, respectively, in Q2F10. Watch revenues are expected to post a high growth of 18% this quarter. We expect jewellery business to demonstrate a revenue
growth of 14% driven largely by 22% increase in price of gold. Jewellery segment volumes are expected to decline 8%.
FIIs were net sellers of Rs 156.97 cr (prov) in the spot market on Tuesday
Foreign institutional investors (FIIs) were net sellers of Rs 156.97 crore (provisional) in the spot market on Tues, as per information posted on the BSE website. While FIIs made gross purchases of Rs 4,060.84 crore, their gross sales aggregated Rs 4,217.81 crore.
Similarly, domestic institutional investors (DIIs) were net sellers of Rs 767.57 crore (provisional) on the same day. While DIIs made gross purchases of Rs 1,354.51 crore, their gross sales stood at Rs 2,122.08 crore.
FIIs were net sellers of Rs 237.50 crore on Monday, October 5, according to SEBI data. While FIIs made gross purchases of Rs 3,709.60 crore, their gross sales amounted to Rs 3,947.10 crore.