Tata capital was in fact a part of ticl and only last year, was it liquidated by ticl, although i had hoped that it would not happen. I highly doubt ticl is planning to become a bank. the present upsurge has more to do with its warrants becoming eligible to be converted into equity shares at a price of rs.400 each. What would change now is the debt part of its balance sheet and hopefully by next quarter, ticl will be debt free. all the best, samir....

can any one suggest me abt tis stock,i wan to enter into tis stock nw,i wan to invest around 2.5lacs now,later if it slips another 3lacs,i ll hold for 6monts.Will anyone suggest wat ll be the fuuture...

with this speed merger will never happen...

The report dt 15th,March,2010 in Business Line about Mega solar projects makes for interesting analysis of the future of the solar power sector.I reproduce below excerpts of the same. " Govt counts on PSUs to drive mega solar projects : Feasibility study under way for setting up plant at Leh, Kargil.Green energy thrust ONGC to start off with a 10 MW solar PV plant with plans also for a solar thermal project NTPC takes up grid interactive 15 MW solar thermal-based projects at Anta in Rajasthan The Centre is counting on the public sector brigade to execute capacity on large-scale grid connected solar power projects. ONGC, NHPC, BHEL, and NTPC are among the front runners. Hydrocarbon major ONGC is looking to start off with a 10 MW solar photovoltaic (PV) plant, with plans for a solar thermal project also on the anvil. Official sources told Business Line that “the company is exploring sites at Goa, Rajasthan and Gujarat for its solar PV project.” “The company has already appointed a consultant for the purpose,” an official said, adding that “ONGC Energy Centre has launched research projects in several new alternative sources of energy, including solar thermal projects”. NTPC Ltd has also readied a roadmap to enter solar power generation business for capacity addition of 301 MW by March 2014. 190 MW will be added through solar thermal technology and the balance 111 MW through solar PV technology. As a first step, grid interactive 15 MW solar thermal-based projects are being taken up by NTPC at Anta in Rajasthan, which is the first of its kind in India. With deployment projects being prioritised in areas where grid connectivity is not easy, the Government is working on plans to use solar energy.A group, comprising officers from BHEL, NHPC, and Central Electricity Authority (CEA), has been asked to prepare a feasibility report. The group will identify sites for installation of solar photovoltaic plant at Leh and Kargil. The Government has proposed setting up solar, small hydro and micro power projects at a cost of Rs 500 crore in the Ladakh region. The Expenditure Finance Committee (EFC) has already considered the proposal of the Ministry. It is now in the process of moving the Cabinet. “We hope to start implementing the project from June. The project will be implemented in three years,” an official said. The plan envisages 30 small/micro hydel projects aggregating 23.5 MW capacity, setting up of about 300 SPV power plants of 5-100 kW capacity, 2,000 SPV home lighting systems and about 40,000 solar thermal systems such as water heating, solar cookers and solar green house. MY COMMENTS : With Government now coming out with concrete measures to promote solar energy, the solar energy plant manufacturing Units in India are likely to benefit in the medium to long term considerably. We will need to watch out their progress and make our own investment decisions....

Please note that channels are run for making money and is not a service devoid of special interests. CNBC tv 18 is deeply in financial problems and they cannot afford to displease a bank like PNB and hence dont expect them to take investors side. Further capability and commitment of an average CEO of a public sector bank is very low and these instituions run by default and the Chairman owes his position not to his abilities but by subservience to powers that be. So please be realistic in your expectations. As you know Essar Group is the biggest destroyer of wealth in modern times and now they are whitewashing all their crimes b liberal advertisement for the next round of wealth destruction. These things happen. Investors beware...

It should be points instead of ponis...

I am still surprised by the volume now. There is certainly some development(in this counter or United Spirit where the holding is high) deserving higher valuation. Can any body , in the know of things,throw some light...

The liberalisation is for NBFC to become a bank and TICL is having a record of satisfactory compliance with RBI Hoding companies are exempt from compliance subject to approval by RBIThey may transfer hodling n other companies to Tata Sons and Tata Capital but the bank will be from TICL....

Announcement cannot be made now because RBI has not issued rules for such baks. Shri Sinor(Chairman of Indian Institute of Bankers) joined this company as a director only to enable it to become a bank. At that time policy of allowing NBFCs to banks did not allow it. Now that budget has announced it it is a matter of time. As an NBFC it was allowed to accept deposits and converting it into bank will be easier than converting Tata Sons into bank as Tata Investment is already subect to RBI regulations and has history of satisfied compliance....

If I am not mistaken it was last time sale of Avantis Pharma shares that gave bonus to UB Holding share holders and UB towers adding rent it is a good share to bank on...

If they want to sell it, they will not discontiue merchant banking activities and surrender SEBI certificate; no body will be interested in it and bids will be very low. Only if they want to conduct gilt actvities it can be done through through dept which means merger. ...

Is this a move towards merger?...

Yes I am aware and what you have stated is what I have concluded. Thanks...

It should be points instead of ponis...

I have heard this interview. He has projected EPS of Re1 in 2009-10 and EPS of Rs 10 in 2010-11. It may reach Rs 140 in June 2010 by which time it may be costly.He was asked that the same firm had earlier informed that the liability positon is not clear and how it has become clear now and the answere was vague. I personally feel that it would be better to buy it around Rs 140 after the position is clear. I am reminded about City Union Bank where Karvy had in Sept recommended selling it cum right at Rs 27 but ex right at Rs 25 it recommended buying it later. Are these experts playing at investors cost?...

When Reliance Power issue bombed, Anil declared a bonus and share holders still suffered. Now when the profits fall and all experts say it will not move up RIL declares a bonus. Are these brothers doling out bonus to control price fall and will the hostory of reliance Power will repeat?...

Please do not equate satyam with Maytas. Software company can be easily turned around. It does not require project completion which at times require coordination with other agencies. Further margins are higher in software business and Satyam had established itself as a leader. That is not the positon with Maytas. Rather it will help Satyam to get back its funds/investments directly or indirectly ...

Its balalnce sheet is stronger now as described by Rai.That has emboldened IFCI to go slow on strategic partner as it can ask for higher rate while calling bids for strategic partner. Its position is so strong that it can go for a reverse merger with smaller banks which will obviate need for baking license. In shoer it has better fundamentals to merit a higher rate...