Power news13

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Power news13

  1. 1. Power NEWS (15th Nov – 21st Nov, 2010) - Sumit Kalra
  2. 2. Mumbai-Delhi airfare soars to Rs 35,000 1. Passengers buying tickets on the date of travel or a day or two earlier on this sector in the past few days have seen one-way fares on full service carriers skyrocket to Rs 16,000-20,000 in economy, and Rs 20,000-35,000 for business class! 2. An airline CEO said that while fares routinely rise in peak season due to demand-supply equation, Delhi-Mumbai was witnessing an unprecedented situation. (http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/- aviation/Mumbai-Delhi-airfare-soars-to-Rs-35000/articleshow/6938638.cms)
  3. 3. 2G scam: Just before exit, Raja tried to kill CAG report 1. The report, which accused Mr Raja of flouting almost every rule in the book, ignoring advice from the prime minister down and indulging in blatant favouritism while awarding mobile licences to mostly undeserving companies causing a loss of nearly Rs1,77,000 crore to the government, was tabled in Parliament on November 16. (http://economictimes.indiatimes.com/news/news-by-industry/telecom/2G-scam-Just-before-exit-Raja-tried- to-kill-CAG-report/articleshow/6957426.cms)
  4. 4. Vedanta seals $6 bn financing for Cairn India deal 1. London-listed Vedanta said in a statement the financing would be structured in four tranches, with maturities of between 18 months and three years. 2. The bank consortium comprises Barclays Capital, Citi, Credit Suisse, Goldman Sachs, J.P. Morgan, Morgan Stanley, Royal Bank of Scotland and Standard Chartered. (http://economictimes.indiatimes.com/news/news-by-industry/energy/oil--gas/Vedanta-seals-6-bn- financing-for-Cairn-India-deal/articleshow/6953457.cms)
  5. 5. BoI gets enabling resolution to raise Rs 10,236cr 1. The Bank’s board met earlier this week and has given an enabling resolution for the bank to raise Rs 10,236 crore via tier I as well as tier II capital. It is learnt that the Bank is looking at raising about Rs 3,409 crore of tier I capital and Rs 6,507 crore of upper tier II capital. This tier II capital will perhaps be in the form of bonds while the tier I capital would be in the form of equity capital. (http://www.moneycontrol.com/news/cnbc-tv18-comments/boi-gets-enabling-resolution-to-raise-rs- 10236cr-sources_500304.html)
  6. 6. Dell Q3 net income doubles to $822 mn, revenue up 19% 1. The company's revenue rose to USD 15.39 billion in the third quarter ended October 29, 2010, from USD 12.89 billion in the same quarter last fiscal, translating into a 19 per cent gain. 2. The company's revenue rose to USD 15.39 billion in the third quarter ended October 29, 2010, from USD 12.89 billion in the same quarter last fiscal, translating into a 19 per cent gain. (http://economictimes.indiatimes.com/tech/hardware/Dell-Q3-net-income-doubles-to-822-mn-revenue-up- 19/articleshow/6953952.cms)
  7. 7. CIL is India's third most valued firm; mcap at Rs 2,09, 671 cr 1. State-run Coal India has become the third most powerful Indian company with a total market capitalisation (m-cap) of Rs 2,09,671.57 crore and is only lagging behind RIL and ONGC. 2. The coal behemoth added another feather to its cap last week when it replaced IT giant Tata Consultancy Services (TCS) to become the country's third most coveted firm. 3. CIL added Rs 7,611.21 crore to its valuation, which on Friday stood at Rs 2,09,671.57 crore. (http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/CIL- is-Indias-third-most-valued-firm-mcap-at-Rs-209-671-cr/articleshow/6963661.cms)
  8. 8. Market Watch Top Gainers (Previous Week) Company Group Previous Close (Rs) Current Price (Rs) % Change Top Losers (Previous Week) (http://money.rediff.com/) Educomp Solutions A 512.60 605.85 + 18.19 Bharti Airtel A 306.05 328.85 + 7.45 Hind. Copper A 407.20 334.75 -17.79 IndiabullsFinSer vice A 225.45 186.95 -17.08

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