Category: Breaking Corporate India Earnings News

On the weekend of Diwali, our Analyst took time out to inform you all about the impending correction as soon as he was alerted by the FII report on India. We saw Bloodbath on the bourses today. BSE Bankex was hammered down and all the SENSEX stocks were down except TCS.

All the sectoral indices on BSE suffered losses. BSE Bankex (down 4.89% to 10,237.68), BSE Capital Goods Index (down 4.34% at 19,466.24), BSE Metal Index (down 3.78% at 16,656.36), BSE Realty (down 2.92% to 10,142.65), BSE PSU index (down 4.43% to 9,777.98), underperformed the Sensex.

BSE Oil and Gas Index (down 2.67% at 11,812.98), BSE Consumer Durables index (down 2.83% to 5,180.07), BSE Auto Index (down 2.43% at 5,209.58), BSE FMCG Index (down 2.76% at 2,137.03), BSE Health Care Index (down 2.26% at 3,856.92), BSE IT Index (down 0.61% at 4,029.76) and BSE TecK index (down 1.23% to 3,571.37), were outperformers.

i-flex Solutions has informed us that the company and IZB Informatik-Zentrum, a Munich-based IT and telecommunication service provider for the financial sector has announced a strategic partnership to deliver a full range of banking application services to German banks. To this end, IZB Informatik-Zentrum will be using FLEXCUBE, i-flex’s flagship product, to deliver value-added application providing services (ASP) tailored to the specific needs of German banks.

i-flex is majority owned and managed by Oracle.

The IPO allotment status of Allied Computers International IPO – ACI can now be chekced online here.

Kindly note that poor Web Developers of Big Share have mis-configured the IIS and hence the stupid system is asking for login and password. Good News, the Grey Market Premium has suddenly shot up to Rs 15 today for Allied Computers.

GAIL India has received appreciation from K S Ramasubban, secretary (CVC) for its innovative initiatives undertaken for transparency and corporate governance today. The company provides a role model for e-business by leveraging technology like e-payment, e-banking, e-tendering, e-ledger, e-invoicing in its business dealings.

The complaint system is one of the latest e-initiatives in Customer Relationship Management (CRM) of the company which has been in the forefront of launching e-systems for ensuring consumer satisfaction and transparency in dealings. The company has signed MOU with Transparency international India and independent external monitors have been appointed in consultation with the CVC. The company has taken a number of initiatives for e-business, bill watch system, file movement system for fast decision making, customer relation management, customer grievance redressal system, alarm activation and ERP applications.

The allotment status of Empee Distilleries IPO – Public Issue is now available online here. The Grey Market Premium for the same is Rs 45.

The IPO was subscribed only 2 times in retail and 8 times in Institutional category and hence the low premium for the stock.

The allotment status of Rathi Bars IPO can now be checked here. Grey market premium as on 19-11-2007 was Rs 2.