SCI moves into focus after filing for FPO

SCI moves into focus after filing for FPO The state-owned Shipping Corporation of India has been running as the focus after the company has filed for the follow-on public offer (FPO) with the stock market regulator Securities & Exchange Board of India.

According to the plan carved out by the company, the government will be eying to shed close to 10% stake in the company while the company will be issuing 10% fresh equity as well/on the other end, the board of Uflex has recently met with a view to review to status of the rights issue of the company and to discuss other important matters of the company.

Property to cost more in Delhi

Property to cost more in Delhi It is expected that the property transactions will become a more costly affair as compared to its current levels in the coming times.

As the Delhi Cabinet on Tuesday decided that it will be raising the currently circle rates in the Capital, the CM of Delhi Shiela Dixit said that the general public will be notified soon with the new rates.

While the move comes into effect with a view to improve fiscal health of the state exchequer, it may be noted here that it is the first time that the circle rates will see a hike after they were first introduced in the Capital.

Tata Docomo to begin with 3G services on 8th Nov.

Tata Docomo to begin with 3G services on 8th Nov.One of major telecom operators in the Indian market, Tata Docomo has recently said that the company will be starting the 3G service in the Indian market on the 8th November 2010.

According to the plan unveiled by the company, it will be launching the 3G services in areas like Maharashtra, Gujarat, Karnataka, Kerala, Punjab, Haryana, Uttar Pradesh (West), Rajasthan and Madhya Pradesh by Diwali.

Skoda price cut may fuel price war

Skoda price cut may fuel price war After the price war that has already initiated with the launch of products like Figo, Beat and i10 in the Indian hatchback market, it is expected that the recent price cut announced by the Czech auto major Skoda is expected to fuel it even further. It is to be mentioned here that the company has recently announced a price cut in the hatch model in its portfolio i. e. by Rs 67,000 on the petrol variant and Rs 1.1 lakh on the diesel.

VA Tech buys in geographies

VA Tech buys in geographies  The Infrastructure group,  Wabag that is planned on the sensex today, expressed that it campaigns to get hold of groups athwart the geographies it is working in.

According to Va Tech Wabag's Managing Director, Rajiv Mittal, expressing to the reporters at the NSE subsequent to the firm’s catalog, they are wide open to the attainment in any of their aimed markets. Nevertheless, they don't have a specific penchant for any geography. They are a worldwide group and on condition that they are in the geographical zones where the company is focusing, they can glare at them.

Vidya skips lunch to learn Malayalam dialogues

Vidya skips lunch to learn Malayalam dialoguesBollywood actress Vidya Balan stunned everyone on the sets of director Santosh Sivan's Malayalam venture "Urumi", when she flawlessly delivered her Malayalam dialogues just minutes after learning them.

After performing a special song for "Urumi", Vidya was offered an impromptu special guest appearance in the film where she was asked to learn a five-page Malayalam dialogue just minutes before the scene.

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News in Focus

Indegene (INDGN) Share Price Target at Rs 700: Kotak Securities

Kotak Institutional Equities has issued a BUY recommendation for Indegene, a leading IT services firm specializing in the healthcare and life sciences sectors, with a current marke

InterGlobe Aviation (INDIGO) Share Price Target at Rs 6,700: Kotak Securities

Kotak Institutional Equities has issued a BUY recommendation on InterGlobe Aviation (IndiGo), setting a one-year target price of Rs6,700, which represents a compelling upside from the current marke

Premier Energies Share Price Target at Rs 1,320: ICICI Securities

ICICI Securities has issued a BUY call for Premier Energies, setting a 12-month target price of Rs 1,320, representing a potential upside of 25% from the current market price.

Tata Consumer Products Share Price Target at Rs 1,360: Motilal Oswal Research

Motilal Oswal Financial Services has reaffirmed its BUY rating on Tata Consumer Products (TCPL) with a 12-month target price of Rs 1,360, projecting 21% upside from current levels.

Axis Bank Share Price Jump 1.08%; Immediate Resistance at Rs 1,265

Axis Bank Share Price jumped 1.08 percent on Tuesday as overall sentiment about banking sector remains positive after RBI's rate cut decision.

HDFC Bank Share Price Declines 0.8 Percent; Immediate Supports at Rs 1,926

HDFC Bank share price declined 0.8 percent on Tuesday. The stock opened the session at Rs 1,982 and that remained the high for the day.