02 December 2012

Balrampur Chini Mills: Buy:: Business Line


Stock markets eye retail FDI vote in Parliament



Technicals: Ranbaxy, Thermax, NHPC, Gujarat Fluorochem, Kalpataru Power, Kolte-Patil Developers : Business Line


India Inc to give 11 pc salary hike to employees in FY13: Experts in ET


Employees across corporate India are expected to get a slightly lower average salary hike of 11 per cent in the current fiscal compared to 12-13 per cent last year as firms grapple with sluggish economic activity, experts have said.

As per a survey conducted by recruitment tendering platform MyHiringClub.com, companies are expected to dole out an average pay hike of 11 for the year ended March 2013 lower than 12-13 per cent in the preceding fiscal.

FII stock investments cross Rs 1-lakh crore mark in 2012:: ET


Investments by Foreign Institutional Investors (FIIs) in the Indian stock market have crossed Rs 1 lakh crore so far in 2012, marking a huge turnaround from net outflows reported in 2011.

FIIs, a major participant in Indian stock market, were gross buyers of shares worth Rs 5,94,868 crore and sellers of equities worth Rs 4,91,596 crore. This translated into a net inflow of Rs 1,03,272 crore (USD 19.78 billion), according to the Sebi data.

Pivotals: Tata Steel, Infosys, SBI, Reliance Industries: Business Line


Index Outlook: Bulls storm the 19,000 peak:: Business Line


Draft GAAR, step in right direction:: Business Line


With the Shome Committee having submitted its report with guidelines for the second draft GAAR (General Anti Avoidance Rules), India now has a roadmap for the implementation of the same.
One of the key recommendations of the Shome Committee is to defer the implementation of GAAR by three years. The preannouncement of the date confirms with international practice, and intends to remove uncertainty from the minds of the stakeholders, while also allowing for the tax department as well as the taxpayers to prepare and plan for the change.
This period could also seek to prevent further precipitation of mistrust between the tax payer and the tax collector. To this end, the deferment sits well in the larger picture of presenting a roadmap for implementation. This, however, has met with some criticism, due to the possibility of the constant evolving nature of the tax spectrum making the three-year gestation period redundant.

Top Movers:: Business Line


High-tax bracket investors should go for REC bonds :: Business Line


Credit Analysis and Research (CARE) IPO Open Dec 7

Issue Date and Size
 
Issue opens
07-Dec-12
Issue closes
11-Dec-12
Listing on
BSE, NSE
Issue size (Rs cr)
503.98
Issue Terms
 
Issue price / Floor Price (Rs)
700-750
Application per share (Rs)
700.00
Minimum investment amount (Rs)
14,000.00
Minimum bid (no of shares)
20
Maximum Shares for Retail
14-13

Rural Electrification Corporation tax free bond deatils

Rural Electrification Corporation Limited
SymbolRECTF13
SeriesS1- [7.22% p.a.* - Tenure 10 years] {*Additional Incentive of 0.50% p.a. for category IV}
S2- [7.38% p.a.* - Tenure 15 years] {*Additional Incentive of 0.50% p.a. for category IV}
Issue Period03-Dec-2012 to 10-Dec-2012
Post issue Modification Period11-Dec-2012
Issue SizeRs. 1,000 crores with an option to retain over subscription aggregating up to shelf limit of Rs. 4,500 crores
Security TypeTax Free Secured Redeemable Non Convertible Bonds
PriceRs 1000
Face ValueRs 1000
Market Lot1 NCD
Minimum Application Value5 NCDs (Rs. 5,000) either taken individually or collectively
IPO GradingCRISIL AAA/Stable by CRISIL / CARE AAA by CARE / IND AAA by IRRPL and [ICRA] AAA by ICRA
Rating AgencyCRISIL Limited, Credit Analysis and Research Limited, India Ratings and Research Private Limited and ICRA Limited
IPO Market Timings10.00 a.m. to 5.00 p.m.
Lead ManagersA. K. Capital Services Limited, Enam Securities Private Limited,ICICI Securities Limited,Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited.
Lead Broker ListClick Here
Special InstructionPlease note that Trading Member(s) of the Exchange who are not empanelled as Syndicate /Sub-syndicate are also eligible to participate in the bidding process
No. of Cities with Bidding Centers123
Name of the registrarKarvy Computershare Private Limited
Address of the registrarPlot No. 17 to 24, Vittal Rao Nagar, Madhapur, Hyderabad ? 500 081
Contact person name number and Email idMr. M. Murali Krishna/Mr. S. Balaji, Toll Free No.1-800-3454001; Tel: +91 40 4465 5000,recl.bonds@karvy.com
ProspectusClick Here
Application FormsClick Here
ASBA e-form linke-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA formClick Here
List of Escrow Banks branches where the Application Form shall be deposited by the Trading MembersClick Here