Online
|
|
Short Term Target ???
Posted by :
kgmailCan Any One Give Short Term Target I.e Till Budget ????...
this is the fact they are not paying Salaries to employees. chor company..........
pls dont join such company Mr Guest is saying fact,,,,,,,...
this another satyam in making but who cares media and print media doesnt find any hot story in this Salaries of employees have not being paid from oct 08 but who cares ...
NSE Announcements on IOL Netcom
Posted by :
GuestWhy are they delaying?? ...
BSE Announcements on IOL Netcom
Posted by : MMB MessengerIOL Netcom Ltd has informed BSE that the audited financial results for the year ended March 31, 2009 will be published within three months from the end of the financial year ended on March 31, 2009 i.e. on / before June 30, 2009....
NSE Announcements on IOL Netcom
Posted by : snack
The company has opted to declare the full year`s audited results instead of an unaudited 4th Qtr results. This looks like gaining some time and avoid displaying their results to investors now - particularly when the prices seem to be on the high side.
Do read this recent article in the Economic Times
economictimes dot indiatimes dot com/Markets/Analysis/Investors_wary_of_cos_delaying_Q4_results/articleshow/4437303.cms
23 Apr 2009, 0100 hrs IST, Apurv Gupta, ET Bureau
MUMBAI: Market participants are increasingly becoming wary about the large number of companies that are looking to declare their full-year audited Pick stocks on fundamentals results without declaring the unaudited results by the end of April. They are of the opinion that the fourth quarter (Q4) results should be declared the way the results for the previous three quarters are declared. This practice, they think, works against the interest of the retail investors.
In line with the current practice, companies have the option of declaring their fourth quarter figures a month after they close their books. They can also choose to avoid this and instead release their full-year financial audited results in three months after the end of the accounting year. For instance, if a company is following the April-March financial year, it can file its quarterly results by the end of April or its full year audited numbers by the end of June.
The practice keeps the investors in the dark for about five months. “By choosing to publish the annual results in 90 days, companies could avoid disclosing critical information for a few more months,” says the research head of a domestic broking firm.
...
NSE Announcements on IOL Netcom
Posted by : MMB MessengerIOL Netcom Limited has informed the Exchange that the audited financial results for the year ended March 31, 2009 will be published within three months from the end of the financial year ended on March 31, 2009 i.e. on/before June 30, 2009. Accordingly, unaudited quarterly results for the quarter ended March 31, 2009 will not be submitted/ published....
NSE Announcements on IOL Netcom
Posted by : MMB MessengerIol Netcom Limited has informed the Exchange that the Executive Committee at their meeting held on April 01, 2009 allotted 7,50,000 (Seven lakh fifty thousand ) Zero percent Fully Convertible Debentures compulsorily convertible to equity shares on September 30, 2009, of Rs. 100/- (Rupees one hundered only) each....
BSE Announcements on IOL Netcom
Posted by : MMB MessengerIOL Netcom Ltd has informed BSE that the Executive Committee at its meeting held on April 01, 2009 allotted 7,50,000 (seven lakh fifty thousand) Zero percent Fully Convertible Debentures, compulsorily convertible to equity shares on September 30, 2009, of Rs 100/- (Rupees one hundred only) each....
Ashish Deora ambanis mahajans ........all in one chatpata company
Posted by : moneyman1973
article from sucheta dalal dot com
When the battle between the Ambani brothers was raging furiously, someone called Ashish Deora enjoyed his 15 minutes of fame as an alleged front for the late Pramod Mahajan holding one crore shares of Reliance Infocomm at one rupee each. This was allegedly a quid pro quo for various permissions granted to the company to launch a Wireless in Local Loop (WLL) service, without paying the appropriate fees. The allotment happened in September 2002. As a part of the settlement between the brothers, Reliance Infocomm went to Anil Ambani and the company’s name was changed. The shares allotted to Deora, apparently for a wiring contract, were also cancelled on the claim that he had not completed the work. Deora had a company called IOL Broadband, in which Mahajan’s close relatives were partners. The Reliance Infocomm shares allotted to Ashish Deora were divided between four companies – Prerna Auto, Fairever Traders and Consultants, Anrose and Softnet Traders and Consultants – whose shareholding is neatly interlinked. The Income-Tax Department had then made a claim on Deora asking for tax on the income that would have accrued had he held on to those, now valuable, Reliance shares. As absurd as it sounds, Indian tax laws have plenty of such provisions that are selectively unearthed and applied. Typically, however, nothing seems to have come of those cases, after the flash of publicity. After the Ambani war ended, one lost track of Ashish Deora. This was sometime in 2006.
Deora has since moved on and is thriving. IOL Broadband is now IOL Netcom and is looking at IPTV contract with MTNL along with Aksh Optifibre. It also plans a broadband network and reportedly owns a massive 200km optic-fibre network in Mumbai and Delhi. Is it the same network that he was setting up for Reliance Infocomm? At one time, Reliance was busy wiring up the country with optic-fibre and one has often wondered if that investment had been quietly written off.
Deora is also part of a group comprising Argentum Motors, a company floated by BVR Subbu, former president of Hyundai Motors India, and others like SpiceJet promoter Ajay Singh who took over Daewoo Motors for Rs800 crore. The group also attracted substantial hedge fund investment, including a 10% stake in the company based on plans to set up an auto-ancillary hub and is negotiating with top global companies for contract manufacturing. However, the industry itself has been in a slump following the global recession. But Deora has other businesses as well. He has promoted Allianz Infratech, along with Ajay Singh, Ashish Singh and Praveen Singh, which is in the race for a pan-India telecom licence.
...
NSE Announcements on IOL Netcom
Posted by : MMB MessengerIol Netcom Limited has informed the Exchange that the members of the Company have passed the following resolutions via Postal Ballot: (1) To Alter Object Clause of the Memorandum of Association of the Company by inserting New Clauses 2(A)(i), (ii), 2(B)(i), (ii), (iii), (iv), 2(C)(i), (ii), 2(D)(i), (ii), 2(E), 2(F)(i), (ii), 2(G)(i), (ii), 2(H)(i), (ii), (iii) as mention in the main object of the Company after clause III A(1) and (2) (as per resolution set out in item no-1 of the Postal Ballot Notice); (2) To Alter Articles of Association of the Company by inserting new article No. 48 A after article no 48 in Transfer and Transmission (as per resolution set out in item no-2 of the Postal Ballot Notice); (3) To issue Zero % Fully Convertible Debentures to the HT Media Ltd. (as per resolution set out in item no-3 of the Postal Ballot Notice ). The copy of Results of the Postal Ballot declared on February 28, 2009 shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on IOL Netcom
Posted by : MMB MessengerIOL Netcom Ltd has informed BSE that the members of the Company have passed the resolutions through Postal Ballot....
NSE Announcements on IOL Netcom
Posted by : MMB MessengerIol Netcom Limited has informed the Exchange that: "The Board at its meeting held on February 19, 2009 has: (1) Approved to make preferential issue of equity shares/Fully Convertible Debentures (FCDs)/ Optionally Fully Convertible Debenture(OFCD / Partly Convertible Debentures (PCDs) or any other financial instruments which would be converted or exchanged with equity shares at a later date not exceeding Rs. 150 crore (Rs. One hundred fifty crore) subject to shareholders approval and for this purpose convene an EGM; (2) Decided to increase the tenure of Shri A. S. Oberai, Whole Time Director of the Company for a period of one year."...
BSE Announcements on IOL Netcom
Posted by : MMB Messenger
IOL Netcom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 19, 2009, has transacted the following:
1. Approved to make preferential issue of equity shares/Fully Convertible Debentures (FCDs)/ Partly Convertible Debentures (PCDs) or any other financial instruments which would be converted or exchanged with equity shares at a later date not exceeding Rs 150 crore (Rs One hundred fifty crore) subject to shareholders approval and for this purpose convene an EGM.
2. Decided to increase the tenure of Shri. A S Oberai, Whole Time Director of the Company for a period of one year....
