After recently issuing shares in the IPO at Rs.525 apiece, the DLF scrip has risen by nearly 45% in about 3 months. It’s now ruling at Rs.760 level after touching 790. Its IPO in June was the largest in India, but was soon overtaken by that of ICICI Bank. What do all these mean for […]
GE + LIC
An unlikely marriage, would you say! No really. It’s GE Money’s 35% and LIC’s 40% stake that will make a new credit card company. Both are giants, GE Money being one of the world’s leading credit card issuers. And we all know LIC’s phenomenal reach. In fact many people, when they inquire if you’ve a […]
Durgapur, the destination
Sometime back the DLF group announced its plan to develop a 95-acre land in Durgapur to build a mini-township. The land was owned by the Asansol Durgapur Development Authority or the ADDA, and they are now selling it to DLF for a whopping Rs.30 lakhs an acre. DLF’s plan is not a flash-in-the-pan development. Durgapur, […]
Axis Bank
Here’s an instance of an Indian bank voluntarily opting for brand-change. Axis Bank is the erstwhile UTI Bank, and the new name has just come into force from August 1. The name UTI – rather Unit Trust of India – is average Indian’s first brush with capital market by proxy. Presently just UTIMF or UTI […]
Gitanjali’s retail foray
Move over gold. All that glitters is now more of diamond than gold. Over past decade or so diamond jewelry has carved out a niche for itself, and now the niche is expanding like never before. Brands like Nakshatra and Asmi now have pan-Indian presence, and the range spreads from economically priced to high priced. […]
Strike for progress
BSNL employees start an indefinite strike from today. It has been called by Joint Forum of Executives & Non-Executives Associations that include even the rank of divisional engineers – altogether some 3.7 lakh employees. What makes the almost entire gamut of BSNL staff to close ranks? The issue is that of survival. No longer a […]
Enter Rolta
It didn’t take long for Rolta India to decide its Kolkata center. Perhaps theirs is the quickest decision to set foot in Kolkata among major IT companies. Rolta was approached by the state’s IT minister in February last with the offer of land to locate a facility in Kolkata. Early this week Rolta has disclosed […]
Steely help
At a time when Didi has declared war against industry on farmland notwithstanding the fact that every mode of civilized living has built upon where else but farmlands, the situation at Salboni in Paschim Medinipur is markedly different. The steel empire owned by Sajjan Jindal proposes to build a mammoth steel plant there on a […]
Flying in India
Opening Floodgates..! [Image source] Who pioneered low-cost airlines in India?Because of whom is there a rush of air passengers in India? The answer to both is Captain GR Gopinath. Until he arrived with his Air Deccan in the Indian aviation sky, the pie of lucrative air traffic was firmly in the hands of a few, […]
South City Mall
The Destination Mall – biggest in India thus far! [Image source]Come July, and Kolkata will be witness to opening of one of the largest integrated malls in the country. It’s the South City Mall, being billed as the city’s first ‘destination mall’. And why not! South City Mall will be home to 4 anchors, each […]