Daily News from Bse,Nse Stock Markets of India |IPO Information
November 5th, 2007 — Announcements, Indian-Stock-Markets
Power Grid Corporation has bagged the Rs 42 billion Maithon-Bokara mega transmission project as per the reports available from various news sources
Maithon-Bokaro is a generation link project and was to under go the international bidding procedure for awarding the project, but later the plan was dropped as the project needs to be up before the 2010 Commonwealth games.
October 31st, 2007 — Announcements
Videsh Sanchar Nigam Ltd (VSNL), today has announced that the Board members of the company have approved to change the company’s name to Tata Communications Limited.
“The change in the company’s name is a major step in our commitment to customers, partners and stakeholders. Tata Communications reiterates a focus on the global communications business where we are a major player, at the same time, it reflects our strong heritage and leadership position in India,” VSNL CEO and MD N Srinath said in a statement.
October 30th, 2007 — Announcements, Indian-Stock-Markets, Nse India
Idea Cellular Limited and Cairn’s India will trade in Nifty from December 12, 2007.
Both the stocks are trading in the Junior Nifty and from 12th December they will be trading in the Nifty.
Idea Cellular and Cairn India will l replace MTNL and HPCL in Nifty.
October 25th, 2007 — Announcements, Buy Back
EID Parry India Ltd has informed the Indian Stock Markets BSE and NSE that a Board of Directors meeting of the company will be held on 29th October 2007 to consider the proposal for Buy back of equity shares.
The Board meeting will also approve the Unaudited Financial Results of the company for the quarter ended September 30 2007.
October 19th, 2007 — Announcements
Aban Singapore, a wholly-owned subsidiary of Aban Offshore India Limited, is all set to enter the Singapore stock exchange, which will be the largest IPO by an subsidary of Indian company abroad.
Aban has appointed UBS and Merrill Lynch as lead managers for this IPO and they are currently undertaking a valuation exercise of the company.
October 19th, 2007 — Announcements, Stock News
In a bid to take the fight to the other Mobile companies who operate under the GSM Category, previously Reliance Communications has applied for the GSM license to the Department of Telecommunications.
In this regard Reliance Communications has recieved necessary approvals from the DOT to offer nation-wide GSM Services under its existing Unified Access Service License.
October 12th, 2007 — Announcements
Mastek which came out with their financial results today have also announced a buyback of their shares from the open market up to a total value of Rs 65 crore.
Mastek annoucement to the stock exchanges state that company would buy about 6% of its shares from the open market to the extent of Rs 65 crore and with a maximum ceiling price of Rs 750 per share.