Propsed by the company in the ratio of 1:1 has been approved by the company and the record date for United Phosphorus Bonus issue has been fixed by the company.United Phosphours Bonus Issue ratio is fixed at 1:1 (One bonus share for every equity share held) by the share holders of the company. United Phosphorus bonus [...]

The Securities and Exchange Board of India (SEBI) passed the first batch of consent orders against 12 accused in the initial public offer (IPO) demat scam. The regulator said that the 12 applicants in the consent orders were allegedly financiers in the cases related to irregularities in IPOs. A consent order is an agreement between [...]

Soaring crude prices proved to be Wall Street’s major undoing. The US markets tumbled, sparking the Dow Jones Industrial Average’s worst sell-off in 15 months, after a jump in the unemployment rate and rise in crude heightened concern the economy will sink into a recession. US stocks more than wiped out weekly gains, with the [...]

The equity shares of J.Kumar Infraprojects Limited (SymboL JKIL) shall be listed and admitted to dealings on the National Stock Exchange w.e.f. February 12, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors. Bombay Stock Exchange has announced that effective from Tuesday, February 12, 2008 the equity [...]

The equity shares of Cords Cable Industries Limited (SymboL: CORDSCABLE) shall be listed and admitted to dealings on the National Stock Exchange w.e.f. February 13, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors. Bombay Stock Exchange has announced that effective from Wednesday, February 13, 2008 the [...]

After raising about three billion dollars through the initial public offer (IPO) of its power arm, another Anil Ambani Group firm Reliance Infratel, has filed papers with SEBI to enter the capital market. Reliance Communications’ subsidiary Reliance Infratel has proposed to offer 8.91 crore equity shares of Rs 5 each for cash at a premium, [...]

Reliance Power, part of the Reliance Anil Dhirubhai Ambani group which recently completed its largest IPO in the history of Indian Capital market, will debut on the Stock Exchanges on the 11th of February 2008, subject to all regulatory and other approvals. The Equity Shares, offered through this IPO, will be listed on both the [...]

Even as the central bank is grappling with a deluge of foreign exchange inflows, back home huge amounts have flowed into the banking system parked in current accounts of various banks in the past two to three weeks, thereby increasing the money supply. According to the latest figures released by the Reserve Bank of India [...]

Anil Ambani-owned Reliance Power Limited (RPL), which recently came out with an initial public offering (IPO), on Friday announced that it had completed the allotment of shares to successful investors as per the basis of allotment approved by the stock exchange.According to an official release here, the company has commenced refunding the excess application money. [...]

Investments can be considered in the initial public offering of OnMobile Global, a telecom value-added services (VAS) provider, in the light of its track record in the Indian market and good growth prospects. The offer price, though, appears to be stiff given current market conditions and the valuation accorded to frontline telecom service and software [...]