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Editor's Desk Building a hope for earlier start of third generation (3G) services by the private telecom operators, the defence ministry has agreed to vacate 45 MHz of scarce radio spectrum. The telecom ministry and defence establishments had been on a long standing disagreement on the time frame of spectrum vacation by the later. In a memorandum … Read more Defence to vacate 45 MHz of spectrum for 2G + 4G
IT firm Spanco has has issued and allotted 74,15,000 equity shares of the face of value of Rs 10 each to its promoters and foreign venture capital investor (FVCI) and foreign institutional investors (FIIs) at a cash premium of Rs 30 per share on a preferential basis. In the promoters group, Kapil Puri and Kavita … Read more Spanco allots equity shares to promoters, FVCI and FIIs
In a move to increase the depth of the capital markets, members of the Securities and Exchange Board of India (SEBI) have recommended a phased reduction of the securities transaction tax (STT). The recommendation has come in the wake of discussions with finance minister Pranab Mukherjee. To increase retail investors’ participation by lowering STT is … Read more SEBI members bat for phased reduction of STT
Jindal Steel and Power (JSPL) held a conference call to disucss quarterly and yearly results and future growth plans. Sushil Maroo, Director (JSPL) and Managing Director (JPL) addressed the conference call Highlights of the call The Debt on the books of JSPL stands at Rs 4900 crore, while the debt on the books of JPL … Read more Jindal Steel and Power Plans to list JPL in the next one year time horizon
Highlights- The consolidated top-line of the company for the full year ended March 2009 more than doubled to Rs 12,257.66 crore mainly backed by the record growth in sale of urea during the year under review. During the year the company incurred a notional forex loss of Rs 92.31 crore on account of notional exchange … Read more Tata Chemicals Capital expenditure plan for FY 2010 is Rs 250 crore
Edelweiss Capital For the fourth quarter ended Mar’09, reported 55% decline in consolidated Income from operations to Rs 180.08 crore. Income from all sources reported decline on y-o-y basis. Gross profit declined by 51% to Rs 73.68 crore despite 95% increase in other income and 57% fall in total expenses. 74% rise in deprecation further … Read more Edelweiss Capital Opening retail broking arm in next 3 months