WOW any idea on the price of the issue???? @ 25buks its additional 18 cr equity shares. ...

So Can I purchase at current level ...

Dear Arun and Kalyan , Looks strong upmove on cards :) Guys you rock and we cheer :) Hope to retire in 2 years ;) Regards.Capt Anil...

this is stock is useless..... no one will buy ...... will not go up if the market gain more than 1%.... who will buy...

this is stock is useless..... no one will buy ...... will not go up if the market gain more than 1%.... who will buy...

Wednesday March 17, 11:50 AM World Bank tells China to tighten policy Click to enlarge photo By Alan Wheatley, China Economics Editor BEIJING (Reuters) - The World Bank raised its 2010 growth and inflation forecasts for China and recommended a tighter monetary policy as well as a stronger exchange rate to restrain inflation expectations and asset bubbles. The bank revised its projection of gross domestic product growth this year to 9.5 percent from 8.7 percent in its previous China Quarterly Update in November and 9.0 percent in a regional report released in January. For 2011 the bank pencilled in GDP growth of 8.7 percent -- exactly the same rate China enjoyed in 2009 as the economy responded to massive monetary and fiscal stimulus. "In China the economy has held up very well during the global crisis and growth prospects for this year and next year remain quite good," Louis Kuijs, senior economist in the bank`s Beijing office, told a news conference on Wednesday to issue the report. Growth this year of 9.5 percent, which was the median forecast of economists in a recent Reuters poll, would vault China past Japan and make it the world`s second-biggest economy. UBS also raised its 2010 GDP forecast on Wednesday, to 10 percent from 9 percent, citing the momentum of domestic demand and a likely recovery in net exports back to pre-crisis levels. The World Bank now expects consumer prices to rise by 3.7 percent on average this year -- it had forecast 2.0 percent in November -- and by 2.8 percent in 2011. "We think that inflation risks remain modest, in large part because of the global context. Nonetheless, the macro stance needs to be noticeably tighter than in 2009 to manage inflation expectations and contain the risk of a property bubble," the Washington-based lender said. Meeting this year`s target of 7.5 trillion yuan in new loans -- down from a record 9.6 trillion yuan in 2009 -- would be important to anchor inflationary expectations. Higher interest rates would make the tightening more convincing, the bank said. "The world economy is still very subdued, but China`s growth has been strong and, unlike in most other countries, overall output in China is, according to our calculations, rather close to its potential -- which means there is not a lot of spare capacity," Kuijs said. STRONGER YUAN As for the yuan, a stronger exchange rate would help dampen inflation pressure by lowering the price of imports and toning down demand. It would also help rebalance China`s growth towards services and consumption and away from industry and investment. "Over time, more exchange rate flexibility can enable China to have a monetary policy independent from U.S. cyclical conditions, which is increasingly necessary," the report said. Yet the bank coupled its stress on the need to contain inflationary expectations with a warning that wrestling inflation down to very low levels might hinder the relative price changes required in such a rapidly growing economy. "For instance, China needs to increase administrative prices for resources and utilities that are necessary to adjust the structure of the economy. And higher prices for agricultural products and higher migrant wages can help boost rural incomes and reduce urban-rural inequality..." the bank said. "It would be unfortunate if such desirable developments were suppressed because of concerns about moderate inflation." China has set a 3 percent inflation target this year, but the bank said a rate of 4-5 percent is not a major problem in many emerging markets in the throes of reform and development. The bank described the price risks facing China this year as relatively modest. The big dangers were higher asset prices and strained local government finances, stemming from unprecedented lending by state-owned banks unleashed to prop up growth. Overall, China`s prospects are much less uncertain than a year ago at the peak of the financial crisis, the report said. As government-led investment slows, the bank expects the composition of growth in 2010 to shift markedly. Total investment will expand at only half last year`s rate, but real estate spending will provide a big boost. Consumption should remain strong. Overall, domestic demand will contribute 9.1 percentage points to this year`s projected GDP growth. Net exports will account for the remaining 0.4 percentage point as global demand for Chinese goods recovers. Last year, by contrast, net exports shaved 3.9 points off headline growth. (Reporting by Alan Wheatley; Editing by Ken Wills) ...

Wednesday March 17, 03:26 AM Source: Indian Express Finance Top 10 cos` advance tax payments grow 9.3% this fiscal By Tanu Pandey Private companies and banks have outperformed others in terms of advance tax payments this fiscal, fuelled by higher profit margins of firms after the global economic crisis has taken a backseat. Advance tax payments by the top ten corporate taxpayers grew 4.2% in the January-March quarter of this fiscal and 9.3% as a whole, data collected by FE shows. Tax payments by Indian firms can be regarded as an indication of their financial health. Among the top ten firms, Reliance and ITC have made a remarkable improvement in terms of advance tax paid for the fourth quarter of this fiscal as compared to the last fiscal and also in terms of the overall taxes paid during the whole year against the last financial year. While Reliance paid Rs 770 crore advance tax in during this quarter, a jump of more than 50% as compared to only Rs 365 crore in the Jan-March 2009 quarter, ITC paid Rs 624 crore for the fourth quarter as compared to Rs 338 crore in the corresponding quarter last fiscal. On the overall tax front for 2009-10, Reliance paid Rs 3,075 crore, 67.3% more than Rs 1,838 crore in 2008-09. ITC too has shown a 45.1% jump in its total tax payments at Rs 2,034 crore against Rs 1,402 crore last time. Among the top ten are State Bank of India (SBIN.NS : 2034.5 +18.65) (SBI), Steel Authority (SAIL.NS : 241.6 +5.25) of India Ltd (SAIL) and Life Insurance Corporation (LIC), who paid more taxes this financial year as compared to the last fiscal. PSU banker SBI has paid 14.3% more tax at Rs 6,552 crore as compared to Rs 5,733 crore. Though only taking a cue from the Jan-March quarter, the advance tax payments have not grown much. Similarly, Punjab National Bank has paid Rs 2,018 crore as taxes for the fiscal, 35.4% more than the last one . LIC has paid Rs 864 crore as advance tax in this fiscal`s last quarter as against Rs 810 crore in the previous quarter. Considering the yearly performance, growth in tax payments is 8.9% at Rs 3,253 crore as compared to the last year. Though, there are some among the top tax payers, payments by whom for the current quarter have declined witnessing the same trend during the whole year. The firms are Oil & Natural Gas Corporation (ONGC (ONGC.NS : 1079.5 +8.4)), burdened by the requirement of shouldering part of the oil subsidy burden, Bharat Heavy Electricals Ltd (BHEL.NS : 2391.9 +12.35) (Bhel) and Deposit Insurance and Credit Guarantee Corporation. ...

Tata Power Co Ltd and Chevron Corp submitted bids

Tata Power Co Ltd and Chevron Corp`s Indonesian unit are among several firms which have submitted bids for a geothermal power project in Indonesia

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Parenteral Drugs India Ltd entered into supply and distribution agreement with M/s. Sinovac Biotech Co. Limited, China

Parenteral Drugs India Ltd , through its subsidiary M/s Parenteral Biotech Ltd, has entered into supply and distribution agreement with M/s. Sinovac Biotech Co. Limited, China, for purchase and supply of HIN1 Influenza Vaccine for supply of the said products in the Indian market on an exclusive basis

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Dishman`s Bavla Facilities are approved by Therapeutic Goods Administration (TGA

Dishman`s Bavla Facilities are approved by Therapeutic Goods Administration (TGA), Department of Health and Ageing, Australian Government

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Alok Industries will launch $ 100 Million QIP

Alok Industries will launch $ 100 Million QIP by March End

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Reliance Mediaworks Partnered with Japan`s Imagica Corp

Reliance Mediaworks Partnered with Japan`s Imagica Corp for purpose of Image processing and Enhancement

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BIRLA Power board is consider raising money

BIRLA Power board is consider raising money for the new business of Solar and Thermal Power Generation

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Parsvanath to Sell a Land in Mumbai for Rs 180 Crore

Parsvanath to Sell a Land in Mumbai for Rs 180 Crore. The land was awarded in year 2008 to the company.

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TATA COMM Q3 Numbers Out:
Standalone Net Profit at Rs. 281.80 Cr Vs Rs. 82.19 Cr (+242.86%) (YoY)
standalone Net Sales at Rs. 769.75 Cr Vs Rs. 999.48 Cr (-22.98%) (YoY)

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Income tax officials visit Omaxe offices

Income tax officials visit Omaxe offices, IT officials verifying tax related documents of Omaxe.

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