"Funds raised by Edserv through ICDs prior to the IPO were routed through various suppliers and the liability for repayment of such ICDs (Inter Corporate Deposits) were attached to the proceeds of IPO. As a result, the noticees were able to siphon off and divert IPO proceeds to the tune of Rs 4 crore," Sebi said in its order.
The BSE Sensex continued to trade higher since opening trade, rising 0.5% while the broader markets gained 0.8%. Even the market breadth too improved, which was negative in early trade, ahead of Union Budget 2012-13.
Talking about the realty stock Ansal Housing, SP Tulsian of sptulsian.com said that the long-term looks positive for the stock. Moreover, he holds a positive view on PTC, PFC and REC with a long-term view.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Broadening the mobile platform for learning on-the-go, EdServ teams up with Tata Docomo to offer its IITJEE and AIEEE test papers on the latter‘s Tutor on
SpiceJet | Religare | Dr Reddy's Labs | Ashok Leyland | Tata Motors | Sterling Holidays | Axis Bank | Edserv Softsystems | Automotive Stampings | Kirloskar Ferrous | Bharti Airtel | RIL and Sterlite Industries are stocks, which are in the news today.
Education services company EdServ has forayed into the mobile application space by launching "HumThum.com" that can be accessed anywhere, anytime from a smartphone.
Education services company EdServ said on Tuesday it has forayed into the mobile application space and expects to clock Rs 200 crore in revenue over the next three years from this venture.
Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.
Speaking to CNBC-TV18, S Giridharan, CEO of Edserv Softsystems, said that the company is on the expansion mode and it is aiming to post 50% growth in FY12.