Daily News from Bse,Nse Stock Markets of India |IPO Information
June 11th, 2008 — Indian-Stock-Markets
Realty Index on Tuesday touched a 52-week low of 5,752.22 closing down by 7.38 per cent, the index was trading at 7,891 points, loosing more than 25 per cent in a  month.
Many Realty stocks are trading far below their issue prices and here are some details
December 14th, 2007 — Announcements, GDR, Indian-Stock-Markets
Jaiprakash Associates (JP Associates) board of directors at their meeting held on Friday has approved GDR Issue worth USD 400 million, the share holders approval has already been taken in the AGM for the GDR Issue.
JP Associates also approved the issue of 50 million convertible warrants to Jaypee Ventures, a promoter group company, on preferential basis, which will be convertible into equity shares of Rs 2 each within 18 months, at a price to be determined in accordance with SEBI Guidelines, subject to necessary approval of shareholders of the company.
December 14th, 2007 — Announcements, Indian-Stock-Markets
Reliance Industries (RIL) have big plans to invest up to an amount of USD 24 billion over the next ten years in setting up petrochemical plants in the Middle east. Reliance wants to tap the growing demand for chemicals in Asia, especially in China and Middle east. For this the company plans to set up petrochemical plants, each costing USD 6 billion which would help company meet the demand in India for chemicals in the coming years.
December 13th, 2007 — Bse India, Indian-Stock-Markets, Nse India
Sensex is expected to cross the 21000 mark soon according to most of the analysts, with the FED announcing the rate cut of 25 bps yesterday, more funds are expected to come into the emerging markets like India and China. Sensex will cross the next mark of 21000 before the next meeting of US Central bank in Jaunary where markets are in a view that FED will cut another 25 basis point of interest rate.
Sensex has gained close to 450 points in the past two days and today settled above the 20,000 mark for the second consecutive day.
December 13th, 2007 — Announcements, Indian-Stock-Markets
GMR has sold 9 percent stake in GMR Infrastructure for an estimated amount of USD 1 billion through equity sale. The deal was completed on 12th December and the company plans to use the funds for the group expansion plans and for overseas acquisitions.
The stake sale deal which is said to be the country’s largest QIP (Qualified Institutional Placement) transaction will help GMR , becoming a USD 25 billion company in the coming years.
December 12th, 2007 — Acquisitions, Indian-Stock-Markets
TV18 Limited in an annoucement made to the stock exchanges has informed that the company has acquired a majority stake of 53 per cent from ICICI Ventures in Infomedia India Limited a major publication company in India. The stake sale to TV18 from ICICI Venture didnt indicate the price paid per each share. This would be a good news to the Infomedia share holders as it will unlock the value in the shares. Stock prices of Infomedia India Limited closed at Rs 258, up 6.5 per cent from the on the BSE.
November 30th, 2007 — Announcements, Indian-Stock-Markets
Krishnapatnam Ultra Mega Power Project will be awarded to Rel Power as the company has emerged as the lowest bidder. The compnay will be awarded the project with in a few days, Power minister Sushil Kumar Shinde has confirmed to the news sources.
Reliance has placed a winning bid of Rs. 2.33 per unit for the krishnapatnam UMPP project, this is the third project the company has bagged after Sasan and Mundra power projects.