NiftyDirect.com News
Top Headlines
Saturday, May 22, 2010
RESULTS
25 May: Hindustan Unilever Ltd, Power Grid Corp. of India Ltd.
26 May: Bharat Heavy Electricals Ltd, Tata Steel Ltd. 27 May: Bharat Petroleum Corp. Ltd, Cairn India Ltd, Tata Motors Ltd.
28 May: Oil and Natural Gas Corp. Ltd, Steel Authority of India Ltd, Unitech Ltd.
29 May: Mahindra and Mahindra Ltd.
Next Week...Today for You
THE BOARDS of India's largest private sector bank ICICI Bank Ltd and Bank of Rajasthan Ltd (BoR) will meet to finalize the acquisition of BoR by ICICI Bank. Last week, ICICI Bank announced it would take over BoR for around Rs3,000 crore.
MONDAY
PRIME MINISTER Manmohan Singh will addresses a press conference on the occasion of the first anniversary of UPAII.
AUCTION FOR BWA spectrum in the 2.3MHz band needed to offer mobile broadband will start. The auction has 11 operators vying for two slots of 20MHz of spectrum across the country at a reserve price of Rs1,750 crore.
TUESDAY
STATE-RUN NHPC Ltd will hold its annual results press conference in New Delhi.
CABINET SECRETARY K.M.
Chandrasekhar will hold a meeting regarding the Planning Commission's recommendations for charting a level playing field for domestic power generation equipment manufacturers.
UK-BASED global bank Standard Chartered Plc will come out with the first ever Indian depository receipts (IDR) issue.
The price band will be announced on 24 May and the IDRs will be listed on the Bombay Stock Exchange and the National Stock Exchange.
NATIONAL WORKSHOP on environmental regulation reforms will be organized to discuss environmental governance in India. The workshop will be chaired by minister of state for environment and forest Jairam Ramesh.
WEDNESDAY
PRESIDENT PRATIBHA Patil will start a five-day official visit to China to commemorate the 60th anniversary of the establishment of diplomatic relations between the two countries.
During her visit, Patil is expected to meet Chinese President Hu Jintao and Premier Wen Jiabao. The two sides will discuss bilateral, regional and global issues.
Oil India Ltd will hold its annual results press conference in New Delhi.
FRIDAY
INDIA'S LARGEST oil refiner Indian Oil Corp. Ltd will hold its annual financial results press conference in New Delhi.
Saturday, May 15, 2010
Next Week...Today for You
A round table discussion will be organized CUTS international CUTS Institute for Regulation and Competition (CIRC) and the Planning Commission of India in New Delhi. The Topic of discussion would be. “ Regulatory Reforms in India; Focus on Draft Regulatory Reform Bill”.
DEPARTMENT OF rural development will be organizing a workshop to discuss the draft vision document and annual work plan for 201011 to enable more effective implementation of the Mahat ma Gandhi National Rural Employment Guarantee Act. Rural development min ister C.P. Joshi will chair the workshop, which would focus on addressing con straints such as low awareness, delayed wage payments, limited capabilities of `panchayats', etc.
WORLD AIDS vaccine day to be observed. It aims at creating AIDS awareness and stresses on the need for an AIDS vaccine. It also aims to get more people to partner for the research.
THURSDAY
THE DEPARTMENT of industrial poli cy and promotion will release the weekly inflation data for the week to 8 May.
THE AUSTRALIAN Trade Commission and the Australian trade and investment development agency will be organizing a seminar on “Winning Business and Investment with Australia“ in New Delhi.
The seminar will showcase the potential business and investment opportunities for businesses based in Delhi with Australia.
FRIDAY
THE EMPOWERED committee of state finance ministers is scheduled to meet in New Delhi to resume discus sions on the proposed goods and servic es tax (GST). The talks will now enter a crucial phase as stakeholders try to finalize the system's architecture.
SATURDAY
THE CONGRESSled United Progres sive Alliance government completes the first year of its second stint at the Cen tre. The government is expected to release a report card of its performance in the last one year.
RESULTS & IPOS
Results
17 May: Larsen and Toubro Ltd, NTPC Ltd, GAIL (India) Ltd, Karnataka Bank Ltd.
18 May: Icra Ltd.
19 May : Rural Electrification Corp. Ltd.
20 May : Grasim Industries Ltd, Jet Airways Ltd, Wockhardt Ltd.
21 May : ITC Ltd, Edelweiss Capital Ltd, Inox Leisure Ltd.
22 May: Bharat Forge Ltd, Divis Laboratories Ltd, NMDC Ltd.
IPO
18 May : Tarapur Transformers Ltd.
Wednesday, May 12, 2010
Upcoming Dividend earnings for you....
| Scrip Code | Scrip Name | Ex-Date | Purpose | Rs. |
| 590059 | Bihar Tubes | 5/7/10 | Interim Dividend | 1 |
| 532379 | Firstobject Tech | 5/7/10 | Interim Dividend | 0.1 |
| 500179 | HCL Infosystems | 5/7/10 | 3rd Interim Dividend | 2 |
| 532735 | R Systems | 5/7/10 | Dividend | 2.4 |
| 522074 | Elgi Equipments | 5/10/10 | Interim Dividend | 1.3 |
| 506109 | Genesys Intl | 5/10/10 | Interim Dividend | 1 |
| 500325 | RIL | 5/10/10 | Dividend | 7 |
| 532765 | Usher Agro | 5/10/10 | Interim Dividend | 1 |
| 505255 | GMM Pfaudler | 5/11/10 | Interim Dividend | 0.7 |
| 524735 | Hikal | 5/11/10 | Interim Dividend | 4 |
| 532749 | Allcargo Glob | 5/12/10 | Dividend | 0.5 |
| 500165 | Kansai Nerolac | 5/12/10 | Dividend | 15 |
| 532480 | Allahabad Bank | 5/13/10 | Dividend | 5.5 |
| 500530 | Bosch | 5/13/10 | Dividend | 30 |
| 533181 | Intrasoft Tech | 5/13/10 | Interim Dividend | 0.8 |
| 507180 | Kesar Enter | 5/13/10 | Scheme of Arrangement | - |
| 531539 | Rishabh Digha | 5/13/10 | Dividend | 1 |
| 506146 | Visagar Poly | 5/13/10 | Interim Dividend | 0.1 |
| 523457 | BOC India | 5/14/10 | Dividend | 1.5 |
| 500150 | Foseco India | 5/14/10 | Interim Dividend | 1 |
| 590084 | KANCO ENTER | 5/14/10 | Scheme of Arrangement | - |
| 524109 | Kabra Extr | 5/17/10 | Stock Split from Rs. 10/- to Rs. 5/- | - |
| 505890 | Kennametal | 5/17/10 | Interim Dividend | 13 |
| 532215 | Axis Bank | 5/20/10 | Dividend | 12 |
| 500089 | DIC India | 5/20/10 | Dividend | 4 |
| 505893 | Hindustan Hardy | 5/20/10 | Dividend | 1 |
| 500313 | Oil Country Tub | 5/20/10 | Dividend | 2 |
| 526725 | Sandesh | 5/20/10 | Dividend | 3 |
| 513097 | Shivalik Bimet | 5/20/10 | Interim Dividend | 0.2 |
| 503657 | Veer Energy | 5/20/10 | Dividend | 0.1 |
Monday, May 10, 2010
Merger & Acquisitions
TATA TEA PEPSI STRIKE DEAL FOR BEVERAGES JV: Tata Tea and World No 2 cola maker Pepsico on April 9 said they had signed a preliminary agreement to form a joint venture for non-carbonated beverages focused on health and wellness.
AIR INDIA-SATS JV: National air carrier Air India and Singapore Airport Terminal Services (SATS) have signed an agreement to form a single 50:50 joint venture company to house their three existing ground-and-cargo-handling JVs in Banglore and Hyderabad.
INDIA INC’S M&Ms TOUCH %19BN IN 2010: Driven by Bharti Airtel’s %10.7 billion takeover deal for the African assets of kuwait’s Zain Telecom, the total value of merger and acquisition (M&A) deals in the country in the first quarter of 2010 has nearly quadrupled to $19 billion.
VODAFONE TOUCHES 100MN CONSUMER BASE: Vodafone, which acquired a majority stake in Hutchison-Essar for a massive %11.1 billion, has now a consumer base of 100 million as compared to 28 million in 2007.
NALCO LISTS RECORD METAL PRODUCTION: National Aluminium Company Limited (Nalco), a Navratna unit, has achieved the highest-ever metal production of 4.31 lakh tones in 2009-10, in 2008-09, with 19.4 percent increase.
SANY GROUP OPENS FIRST PLANT IN INDIA: China-based Sany Group, a global major in the construction machinery industry, on April 12 inaugurated its first manufacturing facility in India at Chakan near Pune. This plant, with an investment of %70 million, is the group’s second manufacturing facility in Asia after China.
TATAS RENEW SINGUR LEASE:Tata Motors has paid the lease rent of Rs 1 crore till March next year for its land to Singur, where the company’s small car Nano was initially scheduled to roll out from.
RELIANCE INFRA COMMISSION 600MW UNIT: Anil Ambani group firm Reliance Infrastructure on April 4 said it has commissioned a 600 MW power unit at the Rajiv Gandhi Khedar Thermal Power Plant in Haryana that after completion will provide 15,000 jobs.
GEMS AND JEWELLERY EXPORTS UP:India’s gems and jewellery export continued to shine for the fourth consecutive month with consignments growing by an impressive annual 55 percent of $2.2 billion in February , 2010.
UNITED SPIRITS BECOMES WORLD NO 2: United Spirits (USL), the flagship company of the Vijay Mallya-promoted UB Group, said on April 7 that it had crossed sales volume of 100 million cases in 2009-10, making it the world’s No 2 spirits company in volume terms and is certain to be the number one by next fiscal.
