Adlabs Films to convene EGM

The extraordinary general meeting of Adlabs Films will be held on 22 January 2009 to utilize the securities premium account in the manner provided in the scheme of arrangement between Adlabs Films and Reliance Unicom and their respective shareholders and creditors

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Mauling on the Street leaves cash-rich stocks quoting at a bargain

In a market that has squeezed out the excesses, a tidy bunch of cash- rich companies are quoting at a bargain. Take the case of Power Trading Corporation of India, which fell 74 per cent from its 52-week high of Rs 201 to Rs 56. The power trading firm has cash and cash equivalents (C&CE) of Rs 1,450 crore. With (more…)

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It’s not as if the markets needed more bad news, The global financial crisis reached a crescendo in the first fortnight of October as markets across the world tumbled like nine pins. With liquidity turning scarce, foreign institutional investors have pulled out in excess of $9 billion from the Indian markets, resulting in the benchmark Sensex plummeting 48 per cent since the beginning of this year. (more…)

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Wall Street tumbled on Monday, joining a selloff around the world, as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the US and other governments. The credit market remained under strain, and investors piled into government bonds. The Dow Jones industrials skidded more than 300 points and fell below 10,000 for the first time in four years. (more…)

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The Reserve Bank on Monday slashed by 0.50 per cent the rate of mandatory deposits that banks need to keep with it to ease the tight liquidity position, a move that may induce banks to lower commercial lending rates. (more…)

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2007 saw investors making big bucks with 9 out of 10 major public issues helping rake in the moolah. But 2008 has been quite the opposite! Out of the 40 companies that were listed this year, 32 are trading below their issue prices (i.e. at lower prices than was offered to the public), a Times of India analysis shows. (more…)

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The BSE Sensitive Index has bounced back a bit from the 14100 level while it remains within a larger trading range between 14100 - 15500 trading range, it has also managed to post an intra-week high of 15106.15 on 2nd September 2008. It has once again posted an intra-day high of 15107.01 on 08th September 2008 (more…)

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The board meeting of Tanla Solutions will be held on 04 September 2008 to consider the proposal for recommending dividend to the equity shareholders of the company.

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Late Thursday, Rajnikant Patel, the managing director & chief executive officer (MD & CEO) of Bombay Stock Exchange (BSE), resigned from his post. (more…)

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Onshore integrated services provider Shiv-Vani Oil & Gas Exploration Services on Thursday said it has bagged an order worth Rs 1610 crore from  India’s state-owned Oil and Natural Gas Corp (ONGC). Shiv Vani Oil & Gas Exploration Services was quoting at Rs 568.20, up Rs 20.45, or 3.73%. It has touched an intraday high of Rs 608.60

Tags: Market News, ONGC