Indiaa top 50 Companies Based On Market Cap

Some Recently Announced Bonus

Mahindra and Mahindra (M&M) launched Gio

Mahindra and Mahindra (M&M) launched Gio end-October, the excitement was palpable. Priced at around Rs 1.65 lakh, the company claimed boldly that the 0.5 tonne light commercial vehicle (LCV) will create a segment in itself, just above three-wheelers, and at a reasonable price point for a four-wheeler goods carrier.

So, why is M&M so excited? The reason is in the numbers. While the commercial vehicles (CV) segment went through a painful patch, hit by 0.5 per cent degrowth in April-September 2009, the LCV segment grew by a robust 19.5 per cent. Commercial vehicles— goods or passenger carriers — below 5 tonne capacity constitute the LCV segment and this is currently dominated by biggies Tata Motors and Ashok Leyland. Read More

Bluechip Stockspin Limited Many mysteries have unlocked

Give a deep thought otherwise you may have to repent at leisure Blue-chip stockspin Limited had come up with an open offer on the name of Jignesh Hiralal shat. The company, withoutgood reputation, had entered the  capital market with offer of 32, 50,000 shares with face value of Rs. 10 each in 1996. The company has come up with a
ridiculous offer to sell off share with face value of Rs. 10 each at a price of Rs. 2.75 each i.e. at a discount of 72.50 per cent. Many investors have inquired with us
about investment in the open offer. Shall we grab the opportunity or not was the
common question they have asked to us. We are publishing our perception about the company and its promoter in the interest of our readers. Here is the fact sheet of the company.

The Blue-chip Stockspin Limited had collected Rs. 3.25 crore from the market. But after IPO, whether the promoter of the company has ever called board meetings or not is not known. Whether promoter has called AGM or not is also not known. It is also not known that whether the promoter of the company has prepared the balance sheet or not. Has
he send the balance sheet to share holder is also not clear. Letter of open offer is the only document which indicates that the company has share holders, because all
the activities that have taken place in the company had not been passed on to the share holders of the company.

Use of Fund : - Share holders of the company are not aware of the fact that how the fund of crore of rupee’s collected from the capital market through IPO was used. How the money was spent is not known. It is believed that promoter of the company has used the fund of more than Rs. 3 crore for inter corporate deposits deposits and investment in stock market. Now the big question is that where the interest of inter corporate deposits has gone and how was the interest used? It is also believed that the money was deposited with companies in which friends were connected as promoters and directors. There is no clue of interest receipts on the deposits and principle amount. Whether the
promoters have received back the amount in cheque or cash is also a matter of investigation. There is no clear picture about the investment and its receipts.

Australian Energy Company Sujlon Acquired Contract of 42 Megvolts of Energy Suply

The Australian energy company Sujlon got the 42 Megavolts of turbine energy supply contract. The company is located in Australia having 2.1 MW wind energy turbines. After this news consolidation trend in the shares of Energy Sujlon on BSE. Today the company price is at RS 72.15 with lead of 1.05%.

Tata Comm to build new cable system in Gulf

 Tags:Bahrain Internet Exchange, Middle East to build, Nawras of Oman, new cable system, Qatar Telecom QTEL, Tata Comm to build new cable system in Gulf, Tata Communications, United Arab Emirates (UAE)
Tata Communications, leading telecoms services firm today said that it has signed agreements with operators in the Middle East to build a new cable system for the region.

The telecoms cable will connect the region to the world`s major business hubs through the company`s existing Tata Global Network.

Financial details were not disclosed. The agreements were signed with Bahrain Internet Exchange, Nawras of Oman, Qatar Telecom QTEL.QA, Mobily of Saudi Arabia and Etisalat (ETEL.AD) in the United Arab Emirates (UAE).

BHEL secures contract worth Rs 56 Billion

Tags:Bharat Heavy Electricals (BHEL), BHEL secures contract worth Rs 56 Billion, Jaiprakash Associates (JAL), Jaiprakash Group, Prayagraj Power Generation Company (PPGCL), Thermal Power Project (TPP)

Bharat Heavy Electricals (BHEL) has secured a major order for setting up the upcoming 1,980 MW Prayagraj Thermal Power Project (TPP) with Supercritical parameters in Uttar Pradesh, involving three units of 660 MW each.
Valued at Rs 56 billion, the order for the greenfield power project, located at Bara in Allahabad district of Uttar Pradesh, has been placed on BHEL by Prayagraj Power Generation Company (PPGCL), a company owned by Jaiprakash Associates (JAL), and reflects the customer’s confidence in the company`s technological excellence and capability in executing projects of this magnitude.

Fund Action – Tata Motors DVR

Fund Action: Tata Motors DVR, Asian Electronics, Austral Coke

Tata Motors DVR: Tata Sons sells 10 lk shrs at Rs 475.30/sh. Tata Steel sells 10 lk shrs at Rs 480/sh. TNTBC Trustee Of Asia buys 5 lk shrs at Rs 480/sh. Pru AMC buys 5 lk shrs at Rs 480/sh.

Asian Electronics: U.S. Instruments sells 6.3 lk shrs at Rs 41.30/sh. Union Invst Luxembourg sells 1.79 lk shrs at Rs 40.80/sh. Usha S Shah sells 1.69 lk shrs at Rs 41.50/sh.