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.
November 5th, 2007 — Indian-Stock-Markets
Larsen & Toubro is planning to raise 400 million US Dollars by way of Global Depository Receipts. The company Board has already authorised to raise 1 Billion US Dollars in the coming 6 months.
The GDR, which L&T is planning to raise is part of the fund raising program, and the company will raise the remaining amount as and when required for expansion plans.
October 31st, 2007 — Forex, Indian-Stock-Markets
Indian Rupee has extended its gains further to close at Rs. 39.32 against the US Dollar at the Interbank Foreign Exchange market on Wednesday.
Pound Sterling has gained on the Indian Rupee and closed at Rs. 81.50 per pound.
October 31st, 2007 — Dividends, Indian-Stock-Markets
Hindustan Unilever Limited has today informed the Exchange that the Directors of the Company, at their meeting held on October 31, 2007Â have declared a Dividend of Rs 3 per equity share.
The company has announced this as a Platinum Jubilee Dividend to the shareholders of the Company at the rate of Rs.3/- (Rupees Three only) per share of Re.1/-, to commemorate the 75th year of the Company.
October 31st, 2007 — Indian-Stock-Markets, Results
Patni Computer Systems has announced its third quarter numbers and the company has posted consolidated net profit of Rs 99.3 crore for the quarter ended September 2007.
The company’s consolidated net profit is down from the previous quarter’s consolidated net profit of Rs 147.9 crore. But the company’s net sales increased to Rs 675 crore and the Fourth Quarter Guidance is projected at USD 170 million.
October 31st, 2007 — Indian-Stock-Markets, Results
India’s top telecom operator , Bharti Airtel has announced its results and the consolidated net profit stood at Rs 1643.76 crore for the quarter ended September 30,2007.
The company’s consolidated net profit grew by 87.04% when compared to Rs 8,788.40 million in the corresponding quarter last year.
October 31st, 2007 — Indian-Stock-Markets, Rights Issue
Horizon Battery Technologies in an annoucement made to the National Stock Exchange has informed that the Board has approved the Rights Issue.
Horizon Battery Technologies will raise funds up to Rs 60 crore by way issue of further equity shares in the form of Rights issue with or without warrant.