Category: Finance

Power Grid FPO priced between Rs.85-90

August 3, 2012 Finance No Comments
State-run India’s biggest power transmission company, Power Grid Corporation, has fixed its Follow-on Public Offer (FPO) at Rs. 85-90 per share making it attractive for the investors. Bidding opens on November 9, 2010 and closes on November 11, 2010 for Qualified Institutional Buyers and on November 12, 2010 for retail…

A2Z Maintenance IPO is set to open on Dec 8, 2010

July 31, 2012 Finance No Comments
A2Z Group is operating in five business segments, EPC, Renewable Power Generation, MSW, FMS, and Power IT Application. A2Z’s initial offer will be comprising 4,556,193 equity shares of Rs 10 from which company will be raising Rs. 675 crores. The issues will be open on December 8, 2010 and will…

Coal India IPO Allotment Status

May 2, 2012 Finance 1 Comment
India’s biggest IPO, Coal India, has been subscribed more than 15 times. Due to the oversubscribing, retail investors will be allotted half of what they have subscribed. For example, if you have subscribed for 100 shares, you will get be getting 50. Retail investors have been offered a 5% discount,…

Ford launches its smaller car – Figo in New Delhi

March 9, 2012 Finance No Comments
Ford has launched its compact car named Figo in New Delhi today. Ford wants to compete in the small car segment with Figo as small cars segment in India accounts for over 72 percent. Figo is priced at approx. 3.5 lakhs for the diesel version and approx. 4.5 lakhs for…

Power Grid FPO Allotment Status

February 25, 2012 Finance No Comments
Power Grid FPO is set at Rs. 90 and retail investors get a 5% discount on that making the price Rs. 85.5. Shares will be listed at exchange on November 23, 2010. Currently, it is trading at Rs.100 and investors can make Rs.10-Rs.15 per share right after listing. Power Grid…

EPF interest rate increased to 9.5% for Financial Year 2011

February 5, 2012 Finance No Comments
Employees Provident Fund Organisation (EPFO) raised the provident fund interest rate to 9.5% for the financial year 2011. Nearly 5 crore employees both from private and public sector will be benefited from this decision. It has been 8.5% now and increased 1%. All contribution for the next financial year will…

Online TDS payment resources including TDS Preparation Software

December 7, 2010 Finance 1 Comment
Entities (both corporate and non-corporate deductors) making payments (specified under Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax Deducted at Source -TDS) from these payments and deposit the same at any of the designated branches of banks authorized to collect taxes on behalf…