Koutons Retail India will debut on bourses today. The company had priced its IPO at Rs 415 per share. At the IPO price of Rs 415, the PE multiple works out to 36.72, based on the year ended March 2007 EPS of Rs 11.3. The IPO was subscribed 45.52 times.

Reliance Industries (RIL) will hold its annual general meeting (AGM) today, 12 October 2007. There has been a buzz running high about RIL declaring bonus or stock split in the AGM.

Gitanjali Gems has reportedly completed due diligence to buy a US jewelry retail firm for about $100 million.

Mahanagar Telephone Nigam (MTNL) has reportedly received additional airwaves (8 megahertz or, MHz) from the government.

The market will eye quarterly results from Aban Offshore and HDFC Bank which are due today

Mastek has informed BSE that its board has approved buyback of the company's equity shares at a price not exceeding Rs 750 per share, up to an aggregate amount of Rs 65 crores, being within 25% of the total paid-up capital and free reserves. The company proposes to buy back shares through open market purchases from time to time.

Foreign institutional investors were net buyers of equity worth Rs 794.78 crore on Thursday, 11 October 2007 while domestic institutional investors sold Rs 420.11 crore of equity on that day, according to provisional data released by NSE.

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