Free & Fearless Press – Right of every Indian
Komal Meswani 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 🙂
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 moreAnsal Housing launches Thai style Ansals Suvarna Vilas – Shahpur
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 moreTata Communications Steps to Reduce False Answer Supervision
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 moreTelecom minister hints amending rules of USO Fund to penetrate rural market
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 … Read more Mixed signal from retail companies
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) … Read more FIIs were net sellers of Rs 156.97 cr (prov) in the spot market on Tuesday