siddhamalli

Reliance Telecom is planning to raise more than 7600 crore may be to put it in dollars 1.5 million dollars but not here in inidan market but in a Singapore listing , its planning to list its submarine cable assets, said a person with knowledge of the matter.This is their in all the news now ,they are planning to sell 75 per cent of Reliance Globalcom Ltd’s Flag Telecom unit in the first half of this year in an initial public offering (IPO) , which would the valuation of the company up to $2... Read Full Story

Highest Paid Deposit As on January 2012 -Senior Citizen and Normal Rate Institution Duration Rate Senior Citizen Deposit Amount Restrictions Lakshmi Vilas Bank (LVB) 1 year-2 years 10.5 10.75 Tamilnad Mercantile Bank (TMB) 1 year-2 years 10.25 10.5 Must be atmost Rs. 1 crore Catholic Syrian Bank (CSB) 375 days-990 days 10.1 10.6 Must be atmost Rs. 50 lakhs City Union Bank (CUB) 1 year-3 years 10 10.25 Must be atmost Rs. 1... Read Full Story

Indian Market was down by more than 300 points , Intense selling was seen across all sector , supported by weak cues from global markets mainly european market now . All the sectoral indices were in the negative territory with realty, metals and banks the major under-performing sectors.The European markets opened almost 3 Percent low because of fears of eurozone debt crisis. There are reports that Greece would miss a deficit target set a few months ago. The 30-share BSE Sensex fell 318.69... Read Full Story

Inflation data was released yesterday and the food inflation for the week ended September 17, reached to 9.13 per cent as against 8.84 a week ago. Food Inflation is a post from: First Blog for Indian Financial Market Read Full Story

L&t finance holdings limited is getting listed on august 12 2011 ,it will be traded with bse scrip code 533519 , the stock had been fixed at 52 rs retail. L&T FINANCE Holdings listing on august 12 2011 is a post from: First Blog for Indian Financial Market Read Full Story

Indian shares opened in red and started following the friday trend and it almost fell sharply to a new 14-month low in early trade Monday and still its in red by almost averaging points not less then 450.It just replying to a broad-based sell-off in Asian equities, after a S&P downgrade of U.S. government debt heightened concerns over the growth outlook of the U.S. economy amid fears of a global double-dip recession. The S&P on Friday downgraded the long-term debt rating of the US from AAA to... Read Full Story

US market yesterday saw massive crash and All three major markets got into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report. The CBOE volatility index surged more than 35%. Dow Jones Industrial Average slipped 4.31% or 512.76 points at 11383.68. Nasdaq Composite shed 5.08% or 136.68 points at 2556.39. Standard & Poor’s 500 shed 4.78% or 60.27 points at 1200.07. Wallstreet... Read Full Story

It was good news from L&T finance holding , they had their IPO over subscribed by more than 5 times or so and it was heard most of the bidding was near the higher band of 69 still the company has set the IPO price at 52 rs , which is really good for the investors and retailers , have never seen any company doing like this when the subscription was good and also when the subscription was happening at the higher end . The company was offering 214.51 million shares to raise funds for... Read Full Story

L&T Finance IPO which is closing today as of yesterday evening was totally subscribed by mere 1.22 times or so , its kind of end of month and most probably everyone would get the salary today and not sure how many retailers will apply today , Total Issue Size 214508067 Total Bids Received 260779100 Total Bids Received at Cut-off Price 154393700 No. of times issue is subscribed 1.22 On the retail side the IPO has subscribed by 2.21 times . L&T FINANCE HOLDINGS LIMITED IPO Over... Read Full Story

India’s central bank Tuesday took measure that the goveenment failed to make ,it  hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting the stage for commercial banks to raise their interest on personal and corporate loans. The repurchase rate, or the interest levied on short-term borrowing by commercial banks, has been revised to 8 percent from 7.5 percent, while the reverse repurchase rate — the interest on short-term lending... Read Full Story