eClerx Services will list on the stock exchanges today, 31 December 2007. The stock will be placed in the B1 group on BSE. The company had fixed the IPO price at the top end of the Rs 270-315 price band.
Brigade Enterprises will list on stock exchanges today, 31 December 2007. The Bangalore based firm has fixed the issue price at the top end of the Rs 351-390 price band. Brigade Enterprises IPO had ended on close on 13 December 2007 with 13.07 times subscription.
Omaxe announced after the market hours on Friday, 28 December 2007 that its 100% subsidiary Omaxe Powers filed expression of interest to bid for the execution of 40 no. high voltage distribution system scheme to convert existing low voltage distribution system to high voltage distribution system throughout the state of Punjab.
As per reports a clutch of international investors, led by Singapore's Temasek Holdings, have put in $1 billion in Bharti Infratel, a wholly-owned subsidiary of Bharti Airtel. Besides Temasek, other investors include Investment Corporation of Dubai, Goldman Sachs, Macquarie, AIF Capital, Citigroup and India Equity Partners. Temasek has a majority holding in SingTel, which in turn has about 30% stake in the Bharti group. The international investors are believed to have picked up around 8-10% stake in Bharti Infratel reports added.
As per reports, Indiabulls Financial Services (IBFSL) and Sogecap, the insurance arm of Societe Generale (SocGen), have formed a 74:26 joint venture to enter the domestic life insurance market. IBFSL had short-listed German insurance major Ergo and SocGen for its proposed insurance foray. The life insurance venture will be initially capitalised with Rs 300 crore, of which SocGen has contributed Rs 150 crore for its 26% stake reports added.
As per reports, Time Technoplast is eyeing 2-3 acquisitions in the solar energy space to boost its presence in the renewable energy space. Earlier this month, the company also signed an exclusive agreement with Council of Scientific and Industrial Research (CSIR) for transfer of fuel cells technology.
As per reports, Mumbai-based Housing Development and Infrastructure (HDIL) is now planning to set up a 5,547-acre special economic zone (SEZ) in Vasai-Virar region in the city. HDIL has already received an in-principle approval from the state government for this development. After Bandra-Kurla complex, the Maharashtra government is planning to develop the Kanjurmarg and Vasai-Virar regions as the next business districts. This will be the second-largest SEZ around Mumbai after Mukesh Ambanis 25,000-acre development, which spreads from Navi Mumbai to Alibaug.
As per reports, Reliance Industries' subsidiary Reliance Retail has entered into a strategic alliance with Bata India to jump-start its footwear vertical. Reliance Retail has entered into a distribution tie-up with Bata India to retail its private labels through Bata outlets. With this alliance, Reliance will get access to Indias oldest and biggest footwear retailers 1,200 stores which are spread in every nook and corner of the country.
GAIL India announced after market hours on Friday, 28 December 2007 that the company and Rashtriya Chemicals and Fertilizers (RCF) have entered into a memorandum of understanding (MOU) for setting up of a coal gasification project by GAIL and utilization of the coal gas produced for setting up a fertilizer plant by RCF at Talcher, Orissa.
Powered byCapital Market - Live News