One day before the railway budget is announced, railway minister Laloo Yadav has stated that people can expect a “good” railway budget and that interests of all sections of society have been kept in mind while preparing the budget.
He also added that safety and security issues have also not been neglected.
Laloo did not talk about [...]
The allotment status of Indian Bank IPO is now available here.
Investors should book profit on listing. There are many better banks available in the markets at cheaper valuations.
At Rs 91 the PE ratio of the stock works out to be 6.25 and price to book value ratio works out to be 1.66. The stock will [...]
The allotment status of Initial Public Offering (IPO) of Mindtree consulting will soon be available here.
Investors should hold this stock – no matter what the listing price is.
Mindtree is one of the fastest growing IT firms in India and this stock may well be the next multibagger in the IT sector after Tech Mahindra.
PFC IPO allotment status can be checked here:
Power Finance Corporation Limited
The allotment status for FirstSource IPO applications can be checked here:
FirstSource IPO Allotment Status
An overwhelming support from foreign institutional investors (FIIs) has made Power Finance Corporation’s IPO one of the most successful IPOs of recent times. This Rs 1000 crore issue has received applications of close to Rs 75000 crore.
The subscription levels in each category are:
Qualified Institutional Buyers (QIBs) – 137.17 times.
Non Institutional Investors – 48.80 times.
Retail Individual [...]
Tata Steel’s recent purchase of Corus is the largest international buyout by an Indian firm.
The $12.1 billion that will be used by Tatas is not a small amount.
An article in the Times of India presents some astonishing figures:
The amount used by Tata steel for the purchase – Rs 54500 crore can be utilized for [...]
Indian BPO firm Firstsource Solutions Ltd’s IPO has got an overwhelming response from investors in all segments.
By the time the IPO closed on Friday February 2nd, it had been oversubscribed more than 50 times.
The oversubscription details are as follows:
Qualified Institutional Buyers (QIBs) segment – 72 times.
Non Institutional Investors segment – 40 times.
Retail Individual Investors (RIIs) [...]
Within business today, fraud is becoming an ever increasing problem. Whether you are part of a multi-national company or a small, one man business, there is a very good chance that you will be targeted.
Since the advent of the internet the opportunities for criminals to attempt to part hard working people and corporations from their [...]
Internet search and advertising firm Google has delivered yet another quarter of phenomenal growth. Declaring its results on Thursday, Google reported a growth of 176% in net earnings. Its net profit for 2006 Q4 jumped to $1.03 billion from $372.2 million in 2005 Q4.
Total revenues jumped from US$ 1.92 billion to $3.2 billion in the [...]