According to a study by SMC Capitals, there are about 3.1 crore (31 million) active users on social networking sites such as Facebook, Orkut and Twitter across the country, whereas the number of Demat account holders is just 1.7 crore (17 million).
To prevent Satyam-like frauds and disclosing the solvency status of listed companies more frequently, the Sebi Committee on Disclosures and Accounting Standards has suggested that listed companies be mandated to disclose audited statements on half-yearly basis.
The removal of Commodities Transaction Tax (CTT) in the Budget 2009-10 may impact securities trade as investors may consider diverting focus to commodities market, SMC Capitals said in a report.
The government may mobilise a whopping Rs 4 lakh crore, an amount which may help in wiping out the country's fiscal deficit, by bringing down its holding to 51 per cent in all the listed public sector firms, a report says.
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
Bids for the issue, which opens on January 23 and closes on January 25, can be made for a minimum of 18 shares and in multiples of 18 thereafter.
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
BSE, the oldest stock exchange in Asia, aims to raise up to Rs 1,243 crore from the IPO, which has a price band of Rs 805-806 per share.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
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