02 December 2012
Technicals: Ranbaxy, Thermax, NHPC, Gujarat Fluorochem, Kalpataru Power, Kolte-Patil Developers : Business Line
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Business Line,
Gujarat Fluorochem,
Kalpataru Power,
Kolte-Patil Developers,
NHPC,
ranbaxy,
Thermax
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.
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.
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Business Line
Credit Analysis and Research (CARE) IPO Open Dec 7
Issue Date and Size
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Issue opens
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07-Dec-12
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Issue closes
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11-Dec-12
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Listing on
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BSE, NSE
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Issue size (Rs cr)
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503.98
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Issue Terms
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Issue price / Floor Price (Rs)
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700-750
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Application per share (Rs)
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700.00
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Minimum investment amount (Rs)
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14,000.00
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Minimum bid (no of shares)
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20
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Maximum Shares for Retail
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14-13
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IPO
Rural Electrification Corporation tax free bond deatils
Rural Electrification Corporation Limited | |
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Symbol | RECTF13 |
Series | S1- [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 Period | 03-Dec-2012 to 10-Dec-2012 |
Post issue Modification Period | 11-Dec-2012 |
Issue Size | Rs. 1,000 crores with an option to retain over subscription aggregating up to shelf limit of Rs. 4,500 crores |
Security Type | Tax Free Secured Redeemable Non Convertible Bonds |
Price | Rs 1000 |
Face Value | Rs 1000 |
Market Lot | 1 NCD |
Minimum Application Value | 5 NCDs (Rs. 5,000) either taken individually or collectively |
IPO Grading | CRISIL AAA/Stable by CRISIL / CARE AAA by CARE / IND AAA by IRRPL and [ICRA] AAA by ICRA |
Rating Agency | CRISIL Limited, Credit Analysis and Research Limited, India Ratings and Research Private Limited and ICRA Limited |
IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Lead Managers | A. K. Capital Services Limited, Enam Securities Private Limited,ICICI Securities Limited,Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited. |
Lead Broker List | Click Here |
Special Instruction | Please 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 Centers | 123 |
Name of the registrar | Karvy Computershare Private Limited |
Address of the registrar | Plot No. 17 to 24, Vittal Rao Nagar, Madhapur, Hyderabad ? 500 081 |
Contact person name number and Email id | Mr. M. Murali Krishna/Mr. S. Balaji, Toll Free No.1-800-3454001; Tel: +91 40 4465 5000,recl.bonds@karvy.com |
Prospectus | Click Here |
Application Forms | Click Here |
ASBA e-form link | e-Forms |
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form | Click Here |
List of Escrow Banks branches where the Application Form shall be deposited by the Trading Members | Click Here |
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