Sensex plunged nearly 300

263 stocks hit their respective one-year lows on BSE on Monday(today). Bluechips SBI, ICICI Bank, Punjab National Bank (PNB), Larsen & Toubro, HDFC Bank, BHEL and Jaiprakash Associates were among the stocks that touched their 52-week.

ONGC

ONGC’s attempt to rope in private sector explorers as joint operators in three coal-bed methane blocks in Jharkhand and West Bengal, is facing fresh hurdle as one of the awardees, Dart Energy , refused to take 25 per cent stake in North Karanpura and 10 per cent stake in Ranigunj block.

Bharti Airtel

Telecom major Bharti Airtel announced completion of 5 % stake sales to Qatar Foundation Endowment for Rs 6,796 crore.



 PowerGrid Corporation of India Limited has sought permission from the Central Electricity Regulatory Commission (CERC) to upgrade its 1,700 stations in an initiative to implement the smart-grid mechanism

Update - TATA Motors & GMR Infra

Tata Motors has filed a complaint before a Delhi court alleging infringement of its trademark and copyright by unknown persons manufacturing and marketing spurious ancillary automobile products under its name.

GMR Infrastructure has written off Rs 453 crore on two of its global assets in coal mines and airports.

Akshaya-tritiya to Akshaya-tritiya returns

Akshaya-tritiya to Akshaya-tritiya returns
Akshaya-Tritiya Dates	Gold Price ( per gram)	Returns
04/05/2003	568	6.52%
22/04/2004	611	7.69%
11/05/2005	650	6.33%
30/04/2006	1020	57.01%
20/04/2007	1019	-0.17%
07/05/2008	1267	24.35%
27/04/2009	1609	27.00%
16/05/2010	1972	22.60%
06/05/2011	2349	19.09%
24/04/2012	3070	30.74%
Average		20.12%

V-Mart Retail Limited IPO

V-Mart Retail Limited is entering in the capital markets with an initial public offering, IPO of 5,746,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 195/- at lower level and Rs 215/- at upper level.

V-Mart is a medium-sized hypermarket format retail chain based in New Delhi. They are multi-brand family store offers apparels, general merchandise and kirana bazar.

The issue opens on Feb 01, 2013 and closes for subscription on Feb 05, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

MphasiS Ltd.

The company has announced that it would acquire US based Digital Risk, an independent provider of 

risk, compliance and transaction management solutions to the north American mortgage market.

The acquisition price is USD 202 million of which USD 175 million in cash and USD 27 million would 

be from earnings over 2.5 years.

The deal is expected to close by January 2013 and it would be EPS accretive in Year 1 (FY13). A

rough calculation indicates that the acquisition can boost MphasiS’s Year 2 (FY14) eps by about 2-8%, 

depending on how Digital Risk’s revenue and margins ramp up.

Management expects Digital Risk’s CY12 revenue to be USD127million, which implies 60% y-y growth 

and equals about 12% of MphasiS's revenue.

Digital Risk has increased revenue at a three-year CAGR of 70%. 

LIC & Sanghvi

LIC Housing Finance is scaling down share of high margin developer loans to 4-6% of its loan book from an initial target of 8% this fiscal due to poor support from banks to commercial realty segment.

Sanghvi Forging & Engineering LTD, a leading engineering and forging company in India has commenced commercial production at its new open die forging plant in Vadodara, Gujarat.

Adani Enterprises net profit

 Adani Enterprises net profit rose 208.45% to Rs 141.95 crore in the quarter ended September 2012 as against Rs 46.02 crore during the previous quarter ended September 2011.

Adani Enterprises board has approved infusion of additional funds in its subsidiary Adani Power and increase promoters stake to 75% from 68%.

Ganesh Chaturthi Holiday

Please be informed that, 19th September 2012, Wednesday will be a Trading & Clearing holiday for both NSE and BSE on account of  'Ganesh Chaturthi'.