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State-owned Power Grid Corporation of India has fixed price band for its proposed Follow-on Public Offer (FPO) at Rs 85-90 per share. A 5% discount will be available to retail investors and eligible employees at the issue price on allotment. The FPO worth around Rs 7,600 crore comprises of 84 crore equity shares of Rs 10 each representing 20% of existing paid-up capital of the PSU.
Read morePower Grid Corporation fixes FPO price band at Rs 85-90 per share
September WPI inflation came in at 8.6% yoy, higher than the 8.5% yoy in August. This was higher than the consensus expectation of 8.5% yoy. Similar to past trends, July inflation was revised up to 10.3% from 9.8% reported earlier. Going forward, while we expect the base effect to result in a moderation in the numbers to 6% by year end.
Primary articles which inched up to 17.5% from 15.8% levels last month. This was due to both food (mainly fruits and milk) and
In line with expectations, life insurance industry’s new business volumes in the individual new business segment remained strong, growing 36% Y-o-Y and 23% M-o-M, in August 2010.
In the individual new business segment, while LIC, ICICI, and HDFC improved WNRP industry market share (YTD) by 3.8 percentage points, 1.5 percentage points, and 0.7 percentage points, respectively, Bajaj Allianz (1.8 percentage points), Birla (1.25 percentage points), SBI (1.26 percentage points) and Reliance (0.31 percentage points) lost significantly. At 5mFY11 end, private insurers’ market
Justices deliver Fractured Verdict. Hindu Mahasabha lawyers claim victory using part of judgment. Status quo to continue for 3 months in Ayodhya. Nirmohi suit, Wakf suits dismissed. Babri Masjid was on Ram Lalla Birth Place Majority of Judges. Ram idols to remain on site. 2.7 Acres Land divided into 3 parts.
Excerpts from the Judgement is as follows,
Whether the disputed site is the birth place of Bhagwan Ram?
The disputed site is the birth place of Lord Ram. Place of birth is a juristic person and is a deity. It is personified as the spirit of divine worshipped as birth place of Lord Rama as a child. Spirit of divine ever remains present every where at all times for any one to invoke at any shape or form in accordance with his own aspirations and it can be shapeless and formless also.
Whether the disputed building was a mosque? When was it built? By whom?
The disputed building was constructed by Babar, the year is not certain but it was built against the tenets of Islam. Thus, it cannot
Read moreDownload Ayodhya Verdict – Ram Janam Bhoomi – Babri Masjid Order
It is of Public Knowledge that Mukesh Ambani & Group, inherited Promoter of Reliance Industries Ltd involved in one of the most unethical corporate practices of Insider Trading in his own company shares prior to merger of Reliance Petroleum Ltd with the former. SEBI the stock market watchdog did uncover the insider trading scam. However, it has been over 2 years now that SEBI constantly
Read moreSEBIs laid Back Approach to Reliance Insider Trading Investigation
The RBI-funded India KLEMS project (a co-ordination between RBI and ICRIER) is a relatively new initiative for measuring Productivity. As part of an ongoing global initiative to develop an internationally comparable database, the KLEMS (Capital, Labor, Energy, Material, and Services) Framework examines the growth performance of 31 sectors (agri, industry and services) during the period 1980-2005, divided into 4 subperiods.
The study finds that the deceleration in GDP to 5.7%YoY during 1997- 2005 from 6.5% during 1992-97 can be explained by a