The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
Power sector firms that entered the capital market this year include Power Finnace Corp and PowerGrid Corp. Besides, there have been smaller issues from Suryachakra Power and Indowind Energy, which mopped up nearly Rs 135 crore (Rs 1.35 billion) collectively from their IPOs.
Satyam shares on Friday received a severe lashing on the bourses with its shares plunging as much as 84 per cent to just Rs 6.30, but later recovered some of the losses to settle around Rs 20 level.
Olympique Lyon winger Sidney Govou hit a double as France stunned arch-rivals Italy 3-1 in a Euro 2008 qualifier in Paris.
The primary markets are finally coming back on track, with the initial public offer (IPO) of state-run lender and electricity distributor Rural Electrification Corporation (REC) getting subscribed within 27 minutes of opening.
Transcript of the weekly market chat.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
MDMK chief Vaiko, in a letter to Prime Minister Manmohan Singh, said Tamils in Tamil Nadu and all over the world were 'terribly' concerned about the safety, security and normal life of the Tamil population in the island.
Director Anurag Kashyap spits fire at the media as well as the film fraternity as he talks about his film No Smoking. And yes, he says you can see John Abraham's bottom in the film.
When it comes to financial health Haryana, Delhi, Orissa are the best performing states in the country, while Bihar, Jharkhand and Kerala need to cut both fiscal and revenue deficits, an Assocham study has shown. Haryana had the minimum fiscal deficit of 0.6 per cent in financial year 2006-07, though marginally up from 0.3 per cent in the previous year. New Delhi was at the second spot with 0.7 per cent fiscal deficit while its revenue account showed 3.57 per cent surplus.
Playing in Nifty futures is tricky and one should not trade unless you have ample time to devote to your trading activities, says market expert Pranav Sanghavi.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
What do you think about the winners of the 53rd National Awards?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While divestment through IPOs saw an over 90 per cent drop as compared to the previous financial year, the exchange traded fund (ETF) route proved to be a shot in the arm for the government, reports Sundar Sethuraman.
Pakistan's cricket authorities asked the newly-elected BCCI president to finalise the Indians' itinerary for next year's Test and ODI series.
Despite challenges from China, the Philippines and Eastern Europe, India still has an overwhelming advantage in IT offshoring, according to Wipro chairman Azim Premji.
Virender Sehwag says the absence of Sachin Tendulkar would definitely have a bearing on the team's performance.
Moody's has revised to positive the outlook on the long- term ratings of private sector lenders
Anantha Kumar has been made party general secretary. Najma Heptullah and Varun Gandhi have been included in the national executive.
The second-generation reforms undertaken by India have not kept pace with those in the other countries, World Economic Forum's chief economist, Augusto Lopez Claros said on Monday.
Reliance Infocomm has launched an e-recharge facility for its prepaid subscribers offering them with the flexibility to opt for denominations ranging from Rs 55 to Rs 1,100.
Reliance Industries Ltd on Wednesday concluded a $250 million international syndicated loan at 90 basis points over London Inter-Bank Offered Rate.
A host of companies have been lined up by the disinvestment department as candidates for stake sale.
Doordarshan would introduce 17 more private free-to-air channels on its Direct-To-Home service in the next six months.
Anuj Choudhary, who won a silver medal at the Manchester Commonwealth Games, believes he is the most deserving candidate for the award this year.
Pakistan is likely to lift the ban on import of wheat from India following a shortfall of grain production in the country.
Deutsche Bank has chosen Indian Oil Corp as one of the top global stock picks in the oil and gas sector.
It laid down strict guidelines to stop commercialisation of education by the schools.
The bitter legal battle between Kirit Pathak, owner of the multi-million pound Patak's Indian food empire, and his two sisters is being settled out of court, the London high court was told on Wednesday.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
