Monday, February 3, 2014

Spectrum auction today, 3rd February 2014

Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction on Monday, from which the government expects to garner at least Rs 11,300 crore. The Department of Telecom has put on the block around 385 MHz of radiowaves in the 1800 MHz band, and 46 MHz in the 900 MHz band. DoT has reduced the quantum of spectrum to be sold in 1800 MHz band in 10 circles, including Delhi, Kolkata and Mumbai, from about a total of 403 MHz planned earlier. The final list of bidders also includes Idea Cellular, Telewings (Uninor), Reliance Communications (RCom), Tata Teleservices and Aircel. Three companies, meanwhile, have been found to be ineligible for bidding in certain service areas.

Wednesday, January 22, 2014

RBI Monetary Policy 2014 Date - 28th January 2014

RBI 3rd Quarter Review of Monetary Policy 2013-14 on January 28, 2014: The Reserve Bank of India will announce the Third Quarter Review of Monetary Policy 2013-14 on Tuesday, January 28, 2014 at 11.a.m.

Tuesday, December 31, 2013

10 Stocks for 2014

10 Stocks for 2014 in Indian Share Market:
1. Indian Oil Corporation Ltd
CMP=214   TARGET=280
2. Core Education
CMP=19   TARGET=38
3. Coal India Ltd
CMP=290   TARGET=360
4. Reliance Mediaworks
CMP=49   TARGET=65
5. Unitech Ltd
CMP=15   TARGET=28
6. VIP Industries
CMP=65   TARGET=78
7. IDBI Bank
CMP=64   TARGET=92
8. Coromandel International
CMP=232   TARGET=310
9. Chamabl Fertilizers
CMP=40   TARGET=66
10. Deccan Chronicle
CMP=3.25  TARGET=5.80

Saturday, November 30, 2013

Tata Sons withdraws application for new bank license

Tata Sons the holding company of the Tata group, has become the second corporate house to withdraw its application for a banking license. According to the company, the move towards banking was seen coming in the way of the group’s international operations, which account for about 64% of its revenue. It was found that group companies with foreign operations, at times, needed to provide financing solutions to their customers. Before Tata Sons, Value Industries, promoted by Venugopal Dhoot, had also withdrawn its application.

Power Grid FPO opens on 3rd December 2013

State-run electric utilities company Power Grid Corporation of India Ltd (PGCIL) has come out with its follow-on public offer ( FPO) of 78,70,53,309 equity shares of Rs10 each (approx 7400 crores). The issue is going to open for subscription on December 03. The issue will close on December 05 for qualified institutional bidders ( QIB) while it will be open for other investors till December 06.

NHPC up on buyback offer News

Shares of NHPC rose over 2%, touching to Rs18.20, as the company's buyback offer commences from today, November 29, 2013. NHPC plans to buyback around 123 crore fully paid up equity shares of Rs10 each at a price of Rs19.25 per share, aggregating Rs2368 crore, from the open market. The buyback offer will close on December 12, 2013.