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Popular Articles

Yes Bank net up 19%
Despite a sharp fall in treasury income compared to the year-ago quarter, private sector lender Yes Bank recorded a 19 per cent growth in net profit to Rs 125 crore for the quarter ended December 31, 2009.

Telecom users cross 500-mn mark before targeted date
The total telecom subscriber base in India crossed 500 million at the end of September, taking the overall teledensity to 43.5 per cent. India is the second-biggest and fastest market for wireless services, behind China, which has over 600 million users.

News of the day

Domestic crude oil production falls 1.2% in H1: CMIE
Domestic crude oil production in India declined by 1.2 per cent in HI of the current fiscal from the same period a year ago due to fall in output by oil exploration and production major-- ONGC, an economic think-tank said in its report.
Management

Jindal Power files DRHP with Sebi

Jindal Power, a subsidiary of Jindal Steel & Power (JSPL), has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue of equity shares through 100 per cent book building method. - DB Corp: Regional edge - Jindal Power lines up Rs 65k cr projects - Jindal Power plans second biggest IPO - Power rules IPO market - Jindal Power plans IPO to raise Rs 10k cr - Temasek, Sequoia eye Prestige"s pre-IPO sale Jindal Power proposes to raise Rs 7,200 crore and intends to utilise the net proceeds of the issue to part finance the construction and development of various thermal power projects and partly for the general corporate purposes. JM Financial Consultants, Enam Securities, Deutsche Equities India, Goldman Sachs (India) Securities, ICICI Securities, UBS Securities India and SBI Capital Market are acting as the book running lead managers to the issue while Motilal Oswal Investment Advisors is acting as co-book running lead managers. JSPL is engaged in the manufacturer of steel and captive power generation.


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