Insight on New Products in F&O

SEBI informed us about the introduction of the following new products in derivatives segment. The following are proposed and suggestions may directly be sent to SEBI

1.Mini Contracts in Equity Indices
2. Options Contracts with Longer Life/Tenure
3. Volatility Index and F&O Contracts
4. Options on Futures
5. Bond Index and F&O Contracts
6. Exchange-traded Currency (Foreign Exchange) F&O Contracts
7. Exchange-traded products to cater to different investment strategies

Read SEBI’s entire proposal here. [PDF]

Akruti City bags for setting up best IT infrastructure

Akruti City has been honoured by the Government of Maharashtra for its efforts in setting up state-of-the-art infotech parks in the state. The company has bagged the runner up award in the category of setting up best IT infrastructure.

The company has a presence across the full spectrum of real estate activities from high-end super luxury complexes, mid-end mega residential complexes, commercial complexes, IT parks arid SEZs spread over hundreds of acres of land, world-class biotech parks, robotic car parking towers, and townships.

The Maharashtra IT awards have been constituted by the Government of Maharashtra to recognize innovative information technology (IT) and information technology enabled services (ITES) companies from Maharashtra, who have made the state proud, based on their performance during the financial period from 2001 to 2004. The awards aim to promote entrepreneurship in the IT Industry within the state and recognizing and appreciating outstanding performance in IT activities. It also seeks to encourage the rapid spread of the use of IT in society and as a means of generating employment opportunities.

Petron Engineering Construction receives Letter of Intent

Petron Engineering has received two letter of intents from Utility Energytech Engineers and Reliance energy for erection, testing, commissioning, trial operation and handing over of boiler proper for 2 x 300 MW rosa thermal power project, Rosa, Uttar Pradesh valued at Rs 38.99 crore.

Erection, testing, commissioning, trial operation and handing over of boiler proper (2 units) for 2 x 600 MW Hisar thermal power project (HTPP), Haryana, valued at Rs 59.88 crore.

Century Extrusions rights issue

The board of Century Extrusions just a while ago informed us that they have approved rights issue of equity shares to part finance the cost of expansion (enhancement of capacity for manufacture of aluminium extrusions from 7500 TPA to 15000 TPA, estimated project cost – Rs 34.50 core) and diversification (setting up facility for manufacture of 6000 TPA power transmission and distribution line hardware – estimated project cost Rs 1.00 crore) projects of the company.

Stock Trading Holidays in 2008

  • 06-Mar-08 Thursday Mahashivratri
  • 20-Mar-08 Thursday Id-E-Milad
  • 21-Mar-08 Friday Good Friday
  • 14-Apr-08 Monday Dr. Babasaheb Ambedkar Jayanti
  • 8-Apr-08 Friday Mahavir Jayanti
  • 01-May-08 Thursday Maharashtra Day
  • 19-May-08MondayBuddha Pournima
  • 15-Aug-08 Friday Independence Day
  • 03-Sep-08Wednesday Ganesh Chaturthi
  • 02-Oct-08 Thursday Gandhi Jayanti / Ramzan
  • 09-Oct-08 Thursday Dasara
  • 28-Oct-08 TuesdayLaxmi Puja- Muhurat Trading will be conducted
  • 30-Oct-08 Thursday Bhau Bhij
  • 13-Nov-08 Thursday Gurunanak Jayanti
  • 09-Dec-08 Tuesday Bakri ID
  • 25-Dec-08 Thursday Christmas

Movie Buys – PVR

The multiplex industry is set to witness strong volume growth on the back of rising consumerism, entertainment tax exemptions, advent of organized retail and overall multiplex underpenetration in India. PVR’s dominant market share at the box-office, diversification into movie production and aggressive but selective geographical expansion plans bode well for the company’s prospects.

Through aggressive capacity expansion plans, PVR is looking at geographical diversification (beyond Delhi/NCR, its dominant pocket) (more…)