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Wednesday, June 29, 2011

Excel Infoways is frozen at the upper circuit limit of 20% at Rs 30, Qualified Institutional Placement (QIP) issue opens, Latest Stock Price



"The board of directors of the company at its meeting held on June 28, has decided to open the issue on June 29, in respect of issue of equity shares of the face value of Rs 10 each of the company to Qualified Institutional Buyers (QIB) under the Qualified Institutions Placement (QIP)," the company said in a filing to the stock exchanges.

The company has fixed floor price of Rs 25.15 per equity share, based on the pricing formula as prescribed by the market regulator Sebi, it added.


Tuesday, June 28, 2011

Sharekhan is bullish on Larsen and Toubro (L&T) and has recommended buy rating on the stock , Latest Stock Price & Expert comments


Buy Larsen and Toubro; target of Rs 2011: Sharekhan


Sharekhan is bullish on Larsen and Toubro (L&T) and has recommended buy rating on the stock with a target of Rs 2011 in its June 27, 2011 research report.

“Larsen and Toubro (L&T), after the announcement of its Q4FY2011 results, Larsen and Toubro (L&T) has so far announced order inflow of Rs9,676 crore with the real estate sector leading with a 42% contribution. The orders from the road sector contributed 27%, metallurgy 14%, power transmission and distribution (T&D) 14% with the balance orders coming from the coal-handling sector. Of these, the T&D orders have been bagged from countries in the Gulf region. These order announcements have been very encouraging as compared to that in Q1FY2011 when it had announced the bagging of orders worth Rs4,773 crore post-Q4FY2010 results (the actual order inflow during Q1FY2011 stood at Rs15,626 crore). Please note that the orders bagged during a quarter were historically much higher than the orders announced. Accordingly, we feel that the company is on track to achieve the required quarterly run rate of at least Rs17,000 crore for Q1FY2012. The company has indicated a robust year-on-year (Y-o-Y) growth of 15-20% in order inflow for FY2012 on the back of the bids in the pipeline and the opportunities available in the hydrocarbon, power and infrastructure space.

src-mc & Rediff




ONGC : Buy ONGC at current levels with a target of Rs 375, Latest Stock Price & More Expert Comments



CLSA has upgraded ONGC to buy from outperform and raised the target price from Rs 330 to 375. CLSA says upstream companies have usually come out longer term winners after policy interventions, they would use any near-term strength to increase exposure in ONGC.



src-moneycotrol

ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships., Latest Stock Price & Expert comment



The two ships will be used for providing basic training to the naval cadets and trainees and carrying out disaster relief, search and rescue operations, with the capability to carry light helicopters, ABG Shipyard said in a communique to the Bombay Stock Exchange (BSE).

ABG Shipyard said it would build the ships at its Dahej and Surat yards, which are fully geared to construct all kinds of ships for the Indian defence sector.

The total order book of the company currently stands at Rs 14,890 crore.


Monday, June 27, 2011

The world’s largest car maker, Toyota launched its first made-for-India small car, the Etios Liva

The world’s largest car maker, Toyota launched its first made-for-India small car, the Etios Liva




The world’s largest car maker, Toyota, today launched its first made-for-India small car, the Etios Liva, in the intensely competitive hatchback segment.

The car, which is priced between Rs 399,000 and Rs 599,000 (ex-showroom, Delhi), will take on the likes of Maruti Suzuki Swift, Hyundai i20, Volkswagen Polo and Ford Figo. Apart from Ford Figo, which starts at Rs 359,000, Liva is the cheapest car in the category. It has best-in-class fuel efficiency of 18.31 km per litre. The average mileage offered by other cars in this segment varies between 15 kmpl and 17.7 kmpl for the petrol variants. Liva, however, does not have a diesel fuel option.



“With the Liva we will have a full line-up in India ranging from a compact car to a high-end SUV Land Cruiser. The hatchback segment accounts for over 35 per cent of sales in the overall automobile market in India. With Etios and Liva, we will be able to extend our product coverage to over 50 per cent of the market in the country,” said Hiroshi Nakagawa, managing director, Toyota Kirloskar Motor (TKM).


src-BS

Saturday, June 25, 2011

World's most expensive top 10 cities to live in



​Expensive cities

Tokyo is the most expensive city in the world, with a movie ticket costing $24 and the average taxi fare at $8.

As a global financial center, the city is home to headquarters for many of the world's largest investment banks and insurance companies.

Tokyo is also one of greenest cities in the world. Despite having a population of more than eight million, it has the lowest carbon dioxide emissions in Asia-Pacific.


​Expensive cities

Oslo has been the second most expensive city for expatriates for six years in a row - that's thanks to the relative strength of the Kroner, which has appreciated 16 percent against the U.S. dollar over the last year, and the resilience of the Norwegian economy during the financial crisis.



​Expensive cities

Known as Japan's most dynamic region, Nagoya is located 165 miles west of Tokyo. It is the hub for most of Japan's manufacturers, and produces a large portion of the country's automobile and aircraft parts.


​Expensive cities

The discovery of oil in the North Sea during the 1960s, converted this quaint metropolis into Norway's petroleum capital. Over 50 energy companies have offices in Stavanger, making the city home to hundreds of expatriates working in the oil and gas sector.


​Expensive cities

As Japan's second-largest city, Yokohama is a major commercial center for the Greater Tokyo Area.

The port city has a strong economic base, particularly in the biotechnology, semiconductor and shipping industries. Carmaker Nissan and Fujitsu semiconductor have moved their headquarters to the city.



​Expensive cities

Despite its low tax rates, Switzerland's largest city ranks as the fifth most expensive for expatriates. A large reason for this is the rapid appreciation of the Swiss franc, which has strengthened 27 percent against the US dollar in the last year.


​Expensive cities

The capital of Angola has seen an influx of multinational companies looking to tap the country's rich energy reserves. The country is also rich in other goods, exporting coffee, diamonds, sugar, iron and salt.


​Expensive cities

Situated along Lake Geneva in the French-speaking part of Switzerland, Geneva is regarded as the global center for diplomacy. It's home to many United Nations agencies, as well as the World Trade Organization, Red Cross and World Economic Forum headquarters.


​Expensive cities

Kobe is one of Japan's busiest container ports. It is also the point of origin and namesake of the world-renowned Kobe beef.


​Expensive cities

The country's capital is home to several major Swiss companies including Rolex, Toblerone, Swisscom and The Swatch Group, as well as the foreign offices of American companies, such as eBay, Cisco and Ingram Micro.

src-sify

Nokia N9: A unique all-screen smartphone, Features, Specifications


'Just the beginning'

​Nokia

The body of Nokia 9, the company's press release says, is precision-machined from a single piece of polycarbonate and flows seamlessly into beautiful curved glass.

The laminated deep black display means that the user interface just floats on the surface of the product.

The Nokia N9 also packs the latest in camera, navigation and audio technology for a great all-round experience.

Innovative all-screen design


The company also claims that with no need for a home key, the all-screen Nokia N9 makes more room for apps to shine.

The 3.9-inch AMOLED screen is made from scratch-resistant curved glass.

The polycarbonate body enables superior antenna performance.

This means better reception, better voice quality and fewer dropped calls.

Camera, maps, multimedia

The 8-megapixel Carl Zeiss autofocus sensor, wide-angle lens, HD-quality video capture and large lens aperture is said to enable great camera performance even in lowlighting conditions.

The Nokia N9 features free turn-by-turn drive and walk navigation with voice guidance in Maps.

Touch just got better

Fitted with the latest in wireless technology, Near Field Communication (NFC), the Nokia N9 allows you to easily share images and videos between devices by touching them together.

Colors and Memory

​Nokia

The Nokia N9 will be available in three colors - black, cyan, and magenta with storage options to accommodate plenty of content: 16GB and 64GB.

src-Sify

Tata AutoComp Systems plans to raise 7.50 billion rupees ($169.3 million) IPO in July



Tata AutoComp Systems, the Tata group company that makes automobile parts, plans to raise 7.50 billion rupees ($169.3 million) by selling shares to the public for the first time in July to expand its operations and cut debt.

The initial share sale will be followed by the sale of the company's shares in the open market by Tata group companies including Tata Motors, Tata Sons, Tata Industries and Tata Capital to help the group raise 3.50 billion rupees ($79 million), said R.S. Thakur, the company's chief executive. The Tata group will own 60% of the company after the initial share sale.

Analysts said the current volatility in the stock markets may impact valuations. "The timing of the IPO is not good," said Umesh Karne, analyst at brokerage Brics Securities. "Shares of most auto and auto-parts firms have been trading at low prices."

The automobile-parts maker has appointed JM Financial Consultants, Tata Capital Markets and JP Morgan India as advisers to the sale.

"Once we get listed, the scrutiny by the investor community will spur the performance of the company," Mr. Thakur said.

Tata AutoComp plans to double its revenue by 2015 and set up research and development centers in India in collaboration with its joint-venture partners.

Tata AutoComp's consolidated revenue in fiscal 2011 was 29 billion rupees ($654.6 million). The company has 47 manufacturing units across the country and has joint ventures with 12 global component makers.

Supplies of auto parts to Tata Motors Ltd accounts for almost half of the company's revenue. Its other clients include Ashok Leyland Motors, BMW India, Fiat India Automobiles, Toyota Kirloskar and Force Motors.

src-wsj

Wednesday, June 22, 2011

Aishwarya Rai Bachan pregnant : Bachchans are super happy




Abhishek and Aishwarya are finally going to be parents, after four years of marriage. Unable to contain his joy, the Big B had proudly announced the joyful tidings on a micro-blogging site.

As usual, the most restrained and controlled member of the Bachchan household was Jaya. Rather than get into the bustle of celebrations, she has already started thinking of practical matters.

Given the chance, the Bachchans would've liked to keep it quiet as long as possible."I guess it couldn't be kept quiet. So now you know why I've been trying to stay out of the public eye lately. It's still to sink in, really. Of course, Abhishek and I are super happy. But it is a matter of happiness for our entire family. And that makes all the difference," said Aishwarya.

Abhishek tells a great anecdote on his and his wife's unfazed attitude towards all the 'worried' queries about their parenthood. While waiting at an international airport for a connecting flight, the two were confronted by a boisterous middle-aged Punjabi woman. "So when do we hear the happy announcement?" said the woman conversationally.

Before Aishwarya could answer, Abhishek held the lady by the shoulder, "The happy announcement just happened. Your flight is ready for boarding." The anecdote typifies that complete lack of anxiety that the couple and its family felt about Aishwarya's imminent motherhood.

And now when it has happened, Aishwarya intends to quickly finish her only film on the floors, Madhur Bhandarkar's Heroine and then take a long sabbatical.
src-TOI

Tuesday, June 21, 2011

Timbor Home Limited IPO Allotment status - Enter your application number to check the allotment status,will list on Wednesday, June 22, 2011


Timbor Home Limited Logo

Incorporated in year 2000, Timbor Home Ltd is an India based manufacturer and retailer of Italian style modular kitchen components, door frames, home furniture and accessories. Company markets its products under brand names Timbor Cucine, Timbor Doors Timbor Home and IKI Kitchens.


Wednesday, June 15, 2011

SRS Ltd to launch Rs 225 cr IPO in July


Faridabad-based SRS Ltd, which has interests in cinema exhibition, retail and food courts, said it will launch an initial public offer to raise up to Rs 225 crore by next month.

The company will issue around 3.5 crore equity shares under the IPO, through which the promoters will dilute a 25.13% stake. The proceeds of the public issue will be utilised to fund expansion plans

Faridabad-based SRS Ltd, which has interests in cinema exhibition, retail and food courts, today said it will launch an initial public offer to raise up to Rs 225 crore by next month.

The company will issue around 3.5 crore equity shares under the IPO, through which the promoters will dilute a 25.13% stake. The proceeds of the public issue will be utilised to fund expansion plans.

src-BS

Thursday, June 9, 2011

Maqbool Fida Husain, the celebrated painter, died of a heart attack ar Royal Brompton Hospital in London at 2.30 am local time. He was 95 years old.



He was in a self-imposed exile since 2006 after Hindu groups threatened him for his paintings of Hindu deities which were interpreted as anti India. The paintings were originally painted in 1970s and in 1996 a controversy raged against the artist for depicting Hindu godesses in an allegedly 'sexual manner'.

Husain had been living in Qatar since 2006 and accepted the citizenship of the country in 2010.
In 1955, he was awarded the Padma Shree prize by the Government of India. He has also been awarded the Padma Bhushan in 1973 and the Padma Vibhushan in 1991. In addition, Husain nominated to the Rajya Sabha in 1986.

MF Husain was the highest paid painter in India in the 1990s. Forbes magazine had given him the title of 'Picasso of India'.

src-BS

Tuesday, June 7, 2011

No need to file tax return for income up to Rs 5 lakh, a Finance Ministry official said, applicable from assessment year 2011-12 onwards




As many as 85 lakh salaried tax payers with an annual income of up to Rs 5 lakh will not have to file income-tax (I-T) return from now onwards, a Finance Ministry official said.

"No income-tax returns would be required for salaried persons earning up to Rs 5 lakh per annum. We would notify this in first week of June," outgoing Chairman of Central Board of Direct Taxes Sudhir Chandra told reporters here.

However, he said this would not cover income from other sources like house property, capital gains and gains from profession and business.
The scheme would be applicable from assessment year 2011-12 onwards. This means that the salaried persons eligible under the scheme would not have to file returns for the financial year 2010-11 in 2011-12 (assessment year).

Under the scheme, those salaried persons who want to claim tax refund, would have to income tax file return.

As per the Memorandum to the Finance Bill 2011, the government will be issuing a notification exempting 'classes of persons' from the requirement of furnishing income tax returns.

Under the scheme, the salaried person wants exemption from filing I-T return, has to disclose about the incomes like dividend and interest to his employer for tax deduction.

In the scenario, the Form 16 issued to salaried employees will be treated as I-T return. At present, it is obligatory for all salaried persons to file income tax return under the Income Tax Act, 1961.

The idea behind the move is that in cases where there are no other sources of income, filing of a return is a duplication of existing information.

src-BS
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