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Sensex at Dizzy Heights 21000 in Diwali 2010 – Coal India Record Debut at 40% Premium

The Bombay Stock Exchange (BSE) benchmark index, Sensex, continued its onward journey and rose al most 2.1 percent and closed at 20893.57 a tad below the psychological level of 21000 as anticipated in the market. The Sensex story followed the record breaking PSU stable stock Coal India Ltd (CIL) As anticipated as a Diwali Gift to investors, the market gave a thumps up 40 percent premium

Coal India Diwali Gift to Investors on Listing at 40 percent premium

Coal India Ltd (CIL) which had seen a huge response to its recently concluded Initial Public Offering from investors got listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 4, 2010. In the initial trade itself it touched Rs 324.95 which was a perfect Diwali Gift for its retail investors, for whom after 5% discount the issue was priced at Rs 232.75 against Rs 245 to QIBs.

Coal India IPO Allotment And Listing Price

The allotment details for Coal India Ltd can be accessed at the Registrar's website online Investors who had applied for 400 shares will get 200 shares credited to their demat account, the allotment ratio being 1:2.

Sensex to surge 21000 levels by Diwali 2010

The market which declined by 0,67% during last week due to tight monetary conditions is entering the week which also is the Muhurat Trading week on November 5, 2010 The liquidity in the system was absorbed by the over Rs 15,000 crore issue of Coal India Ltd from the Government's stable, which saw a huge response, though retail investors had invested just a tad above 2 times the issue size

Pay for IPO Shares only on Allotment

Faced with the endless wait for refund of cheques for the IPOs applied and to make it more investor friendly and to make the share market more popular among the people, Securities and Exchange Board of India (SEBI) has introduced a scheme known as ASBA where the account gets debited only after basis of allotment is finalized and the investor gets allotment of shares in the IPO. The Scheme if known as ASBA or Application Supported by Blocked Amount.

IPO Coal India Ltd IPO Allotment status, listing

The initial public offering (IPO) of Coal India Ltd at Rs 225 to 245 per share was oversubscribed by 2.31 times by retail investors The empowered Group of Ministers (EGoM) headed by the Union Finance Minister, Pranab Mukherjee, met on October 25, 2010 and decided the issue price at Rs 245 a share. While the ratio of allotment status has not been announced, past experience taking into account number of times the IPO has been oversubscribed indicate the allotment ratio might be kept at 1 : 2

Online shopping more secure now

In a directive issued by Reserve Bank of India, effective January 1, 2011,a.ll types of online shopping transactions will require an additional password. It is now mandatory for "all transactions using cards issued in India, for payments on merchant site where no outflow of foreign exchange is contemplated"

ANTILIA, the multi million dollar Home of Mukesh Ambani

Mukesh Ambani, Chairman and Managing Director, of Reliance Industries Ltd. is one of the richest men of India and is the owner of ANTILIA a multi million dollar Home. The house has been built at a cost of Rs 8000 crore and has taken lover 7.5 years to build it. The ANTILLIA is situated IN 4532 squar meters and is at Altamount Road, in south Mumbai.

Bank Shares Shine on surging FII inflows

Th record Foreign Institutional Investors (FII) inflows on account of portfolio management by FIIs besides helping Rupee appreciate significantly over the last month, were also net buyers of equity in the quarter ended September 30, 2010. Due to the surging inflows into the capital market, for the quarter ended September 30, 2010 the holding of shares by FIIs have gone up significantly.

Coal India Ltd to debut Initial Public Offer on October 18, 2010

Coal India Ltd, a Public Sector Undertaking, is to debut its Initial Public Offering on Monday, the October 18, 2010 . Coal India Ltd. , one of India's National Assets is the largest producer of coal in the world. The Government is divesting 10 percent or Rs 15000 crores worth shares to the Indian Public. The objective of the divestment is also for "spreading the equity cult in the country".

What is Aadhaar ? Unique Identification Authority of India (UIDAI)

The Unique Identification Authority of India, headed by Nandan Nilekani, is an authority set up by the Government for creating and establishing an identity related resident database, maintain it and updating it on an ongoing basis Aadhaar is a number issued by the UIDAI to all residents which would carry a 12 digit unique number. The number to be stored in a centralized data base besides having basic information such as photograph, ten fingerprints,.......

Financial Inclusion - SBI opens 50 kiosk branches in Mumbai

In November 2009,Reserve Bank of India (RBI), the financial regulator of Banks in India, had permitted web enabled fair price shops, medial and kirana shops to serve as Banking Associates. The effort is aimed at financial inclusion and to provide basic banking services to lower income groups, with a no frills account tag.

What is Reverse Mortgage Loan

Reverse Mortgage Loan have been designed exclusively for senior citizens i.e. Persons of 60 years and above. Due to in cost of health care and medical facilities, coupled with lack or little social security, senior citizens require a regular and steady cash flow stream for supplementing and supplanting their inflow of through pension and other means to meet their financial needs.

NSE market data on your Mobile Now!

In spreading its wings and its endeavor to reach out to more customers, even in remote areas,National Stock Exchange (NSE) has started effective Tuesday, September 14, 2010 a new facility to provide latest stock market updates. All one has to do for availing of this service is to register their mobile number on the website of National Stock Exchange. This was communicated in a statement by the NSE.

BSE Sensex at new high, closes 408 Points higher - Bank Stocks in limelight

The 30-scrip Benchmark Sensitive Index closed at 19,208.33 points, an increase of 408.67 points or 2.17 percent up from its previous close of t 18,799.66 points. Almost all the 30 scrips included in the Sensex were in the green. Notable gainers were all Banking stocks like SBI, HDFC and ICICI Bank.

How to Apply and Add Your Name in the Electoral Rolls of Maharashtra?

A person who is not less than 18 years of age, ordinarily resident in the Constituency and an Indian Citizen may approach the Electroral Office in the City or the respective District Election Branch situated at the District Collectorate's office in the City or the respective District Election Branch located at the district Collectorate Office. He has to further submit the following forms No 6, 7, and 8 available from the office

Corporation Bank introduces payment of Advance Tax through internet and ATMs

In its endeavor to Go Green, CorpBank encourages to pay your tax in a totally paperless environment using their banking facility, the first Bank to provide the option to pay your taxes through their CorpBank ATMs. Corporation Bank comes with a user friendly and convenient option to pay your advance tax! You have to login to your net banking to pay your taxes on line

Scholarship for students with disabilities for the year

National Handicapped Finance and Development Corporation (NHFDC)to give Scholarships to students with disabilities to pursue further/higher studies in the year 2010-11. Last date to submit the prescribed application is on or before 30.09.2010. Check this article for more details.

SECL Recruitment l SECL Jobs, Vacancies and Recruitment

SECL Recruitment 2010-2011 l SECL Jobs, Vacancies and Recruitment 2010-2011, detail qualification, age limit, application format, application form, apply, procedure, examination center, vacancies by states, address, syllabus, rules & regulations for the recruitment of SECL

Types and Ways To Control Diabetes

In today's frenetic and fast paced world, everyone is running from pillar to post to maintain a perfect balance between professional and personal life. Working women find no time for themselves and the strenuous lifestyle results in hyper tension.

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