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ONGC mulls IPO for Rs 12,440 cr plant, gives 19% stake to GAIL

Posted on: Friday, February 27th 2009 and is filed under Stock News.

NEW DELHI: Oil and Natural Gas Corp (ONGC) is planning an initial public offering of its subsidiary, which is building the Rs 12,440 crore petrochemical plant at Dahej in 2011, even as it agreed to give the state gas utility GAIL India a 19 per cent stake in the mega project. ...

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More than 1,57,800 workers to lose jobs in Japan

Posted on: Friday, February 27th 2009 and is filed under Press Releases.

An estimated 157,806 non-regular employees in Japan, mainly temporary workers in the manufacturing sector, will lose their jobs between October 2008 and March 2009 amid the recession, a labour ministry survey showed on Friday. ...

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Q3 GDP growth at 5.3% vs 8.9% YoY: Lowest in 6 yrs

Posted on: Friday, February 27th 2009 and is filed under Press Releases.

The Indian economy has slowed down in no small measure. The third-quarter gross domestic product (GDP) grew at 5.3% compared to 8.9% during the same quarter last year while the GDP growth for the previous quarter stood at 7.6%. The Indian economy has registered its slowest growth since Ma...

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SEBI turns down Natco Pharma’s request on ESOPs

Posted on: Friday, February 27th 2009 and is filed under Press Releases.

MUMBAI: SEBI has turned down Natco Pharma’s request to give cash to employees who are ready to forgo their entitlement of stock options. The origin of the case goes back to 2004 when Natco Pharma granted six lakh stock options to its employees at Rs 10 per share. ...

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Intraday calls for 27-02-09

Posted on: Friday, February 27th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Short sell Tech Mahindra at 258, target 245, SL 262 Short sell Akruti City at Akruti City Ltd 920, target 900, SL 928 Today’s Intraday Calls are given by Kartik, CB is not online today ...

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Promoter groups pledge over 90% of their shares in 27 companies

Posted on: Friday, February 27th 2009 and is filed under Press Releases.

MUMBAI: Promoter groups have pledged more than 90% of their holdings in 27 companies, shows an ETIG study based on disclosures made by 467 listed firms. Well-known listed companies in this category include Kirloskar Electric, JP Hydropower, ERA Infra Engineering and Micro Inks. ...

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