India Infoline Investment Services Limited, the financial services subsidiary of India Infoline Limited (IIFL), plans to raise Rs 700 crore through public issue of secured redeemable non-convertible obligations (NCD).
The company will provide disease of Rs 1000 the nominal value of each combination of RS 375 crore, with the ability to keep more than the subscription price of up to Rs 375 crore. It 'a draft prospectus filed with the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE). The funds raised through this issue must be used in various funds of the company.
Non-communicable diseases were evaluated ICRA + AA-(stable) by ICRA and "CARE AA-'a from CARE. Leaders of the issue is Axis Bank Limited, JM Financial Consultants Private Limited and AK Capital Services Limited.
Monday, August 1
India Infoline Arm To Raise Rs 750 Cr Through Disease
Thursday, June 30
Nokia Launches E6, X7 With Anna Symbian User Interface
"When the launch of two new devices join an exciting new Symbian OS will continue trying to strengthen its leading position in the Indian market for smartphones," said Viral Oza, Director Marketing, Nokia India Private Limited.
"Nokia and Nokia E6, X7, and a continuous line of exciting new smart devices, and user enhancements coming in the coming quarters, we are sure to further strengthen the smart-phone user base," he added.
The company also said that Nokia will begin shipping the Nokia N8, E7, C7 and C6-01 is a new Symbian Insert a software upgrade will start in July this year. By the end of August, the current owners of these devices can also be downloaded from the Symbian Enter. Over the next 12 months, Nokia is going to bring up to 10 new Symbian smartphones in the market, reports IANS.
Nokia E6 is a touch phone and a QWERTY messaging experience from Microsoft, including access to Microsoft Exchange, Microsoft SharePoint and Microsoft Communicator Mobile. Available in black, silver and black, the smartphone is priced at 18,679 rupees.
Nokia X7 comes with a 8 megapixel camera and a 4 inch. The handset is pre-installed Galaxy on Fire and asphalt HD 5 HD games. The smartphone is priced at Rs 22829.
Wednesday, June 29
Facebook Google Aim Of The New Social Services
Google Inc., frustrated by a series of unsuccessful attempts to break the social network, is to take another connector to push Facebook and other social sites with a hot new service called Google More.
Google has designed the service, announced Tuesday, to tie all its online properties, setting the stage for a social network itself. It is the largest raid of the company on social networking, from the co-founder Larry Page made the executive in April.
Page made social networking a top priority on the No. 1 global Internet search engine, whose position as the main gateway to online information may be in danger because people spend more time on sites like Facebook and Twitter.
You can set the service in addition to Facebook, which has more than 500 million users, Google is betting on what he says is a better approach to privacy, hot-button issue has been blown on Facebook, and Google in the past.
Central to Google Plus are the so-called "circles" of friends and acquaintances. Users can organize contacts into different environments, tailor - family, friends, work colleagues or college, for example - and share photos, videos or other information only in these smaller groups.
"In the virtual world is not this" separate box "and write and have no idea who is going to do, or whether to land or how it will be embarrassing for six months," said Google vice president of Product Management Bradley Horowitz.
"For us, privacy is not buried deep six panels," he added. Facebook, which has been criticized for confusing privacy controls, a feature introduced last year, which allows users to create small groups of friends. Google, not to mention Facebook by name, said attempts by other social networking services "to create groups were" lock on "activities that do not work so well.
Plus Google will be extended to a limited number of users in what the company calls a field study. Only invited guests will first be able to use the service. Google did not say when it would be more widely available.
Read BUZZ Google stock has put pressure on concerns about rising costs within the company and increase the regulatory procedure with scrutiny - not to mention the difficulty of social networking. U.S. Federal Trade Commission, among other things, is reviewing its business practices. The company's shares have fallen nearly 20 percent this year, weak market in 2010.
Google to create more, the company returned to the drawing board in the wake of several notable failures, including Google and Google Buzz Wave, a microblogging service was marred with the launch of privacy blunders.
"We learned a lot of buzz, and one of the things we learned is that there is a real opportunity in the market for a product that takes people's concerns about privacy and how their information is shared" says Horowitz.
Google, with $ 29 billion in revenue last year, attracted over a billion visitors from around the world for its sites in May, more than any other company, according to analyst firm comScore Web. But the more time people spend on Facebook: The average American visitors spent 375 minutes on Facebook in May, compared to 231 minutes of Google.
Google seems more designed to make its online properties ubiquitous part of the online experience every day, instead of being places where Internet users the opportunity to check in search of a page home or check e-mail.
As with the Facebook service, Google has a web page more important than a constant update shows comments, photos and links shared by friends and contacts, reports Reuters.
A toolbar at the top of most Google sites - as the main search page, the site of Gmail and maps of the site - allows users to access their personalized nutrition information. You can then make its own flow information.
In addition Google will also offer a special video chat feature, where up to 10 people can get on a conference call. And Google will automatically save the pictures taken on mobile phones in its Internet servers, allowing a Google image-Plus user access from any computer and share them.
Asked if he expected people to switch from Google to Facebook Plus, Google vice president of engineering Vic Gundotra said that people may decide to use both. "People today use multiple tools. I think what we propose here has some very clear advantages around certain basic needs, "he said.
Inflation At 5.6 Pc Ideal For The Economy Of India: Pranab
Among all the efforts of government and Reserve Bank of India to contain inflation, now hovering around 9 percent, the Finance Minister Pranab Mukherjee said on Tuesday that it would be good for the economy if managed level of 5.6 percent.
"To be quite frank, it should be acceptable and what may be a tolerable level of inflation is very difficult to define. However, in our economy, we believe that if we can keep inflationary pressures in the 5-6 percent would be ideal, but we can live with 6 to 6.5 percent, "said Mukherjee, whereas in the Trade Commissioner of India and the United States here.
He added this year, inflation slightly.
Headline inflation rose to 9.06 percent in May from 8.66 percent the previous month, fueling fears that high prices could damage economic growth, reports PTI from Washington.
Mukherjee said that the current level of inflation due to high prices of global commodities. "(Inflation) Not because of supply problems in the nearby agricultural front ... But international prices of raw materials, including food and fuel, is causing serious limitations, "he said.
Mukherjee said food prices began to decline and the government has also tried to mitigate the impact of rising crude oil prices by sacrificing central taxes. Moreover, state governments were also asked to reduce their taxes on fuel. "I hope it will have some influence. But this (inflation) will be a big problem and it would have its impact on global growth scenario," he said.
Apollo Global To Invest Rs 2250 Crore In Welspun Group
Global private equity firm Apollo Management to invest up to Rs 2250 crore in Mumbai-based Welspun Group, which owns a major producer of Welspun Pipe Corp Ltd (CMT). Much of what is one of the largest capital investment in recent times, it should be completed before August 12, 2011.
"The Board of Directors of the CMT, Welspun MaxSteel Limited (WMSL) and Welspun Infratech Limited (Witt) have carefully examined and decided to accept the investment proposals in the meetings of June 29, 2011 Apollo, and these tips universally considered this operation as a positive, a milestone in the path of the Welspun Group, "Welspun Corp. said in a statement.
As for the plan, to invest Rs 1,305 Apollo crore, including Rs 788 Crores asset allocation of the FCD / CCD (Fully / mandatory convertible bonds). Private equity firm to acquire the entire share WMSL promoter for a total consideration of Rs 140 crore and made an additional investment of Rs 130 crore capital expenditure.
In addition, Apollo and its subsidiaries are also active topics of WCL WITL branch, to investigate further investment up to Rs 675 crore in WITL form of debt, equity or a combination of these.
BK Goenka, President, Welspun said, "We are extremely pleased to have the Apollo one of our key stakeholders. Apollo is one of the largest fund managers in the private equity world. Welspun Investments of Apollo is a landmark transaction is The Indian capital market and demonstrates the confidence Welspun Group Management, a global company serving some of the largest oil and gas companies in the world, and our shared vision of the future of the industry."
Tuesday, June 28
GSV Takes A Stake In Facebook, Is Assessed At $ 70 Billion
GSV Investment Capital Corp. acquired a small stake in Facebook that values the world's No. 1 social networking site to about $ 70 billion. Investment Fund announced Monday it had bought shares in Facebook 225 000 at an average price of $ 29.28 each.
Facebook is about 2.4 billion shares, the latest data on the secondary post Share market society. Facebook executives have said is inevitable that take the company public, but does not set the date, reports Reuters from New York.
Founded in a dorm at Harvard in 2004 by Mark Zuckerberg, Facebook fans threat of the Internet as Google Inc. and Yahoo Inc. because it is one of the most popular destinations on the Internet. He is ready to double Yahoo for the largest share of U.S. $ Ad online this year, with more than $ 2 billion, according to research firm eMarketer.
Facebook is one of the most anticipated introductions with investors waiting to get a piece of the social networking site with over 500 million users.
A $ 70 million, Facebook is estimated slightly lower than Amazon.com Inc., Cisco Systems, Inc. or Hewlett-Packard Co.
But concerns about red-hot growth Facebook has increased in recent months. The group on Facebook shareholders trying to sell $ 1 billion in stock in the secondary market, this may also give the company a value of about $ 70 billion in April Reuters reported.
Woodside, California, GSV Capital invests in high growth, supported by venture capital firms. The investment of $ 6.6 million in Facebook represents about 15 percent of the total portfolio of GSV, the company said in a statement.
Representatives of Facebook and GSV Capital was not immediately available for comment.
LIVA Toyota Launches Small Car At A Price Of Rs 3.99 Lakh
The entrance to Liva is expected to heat of battle earlier in the decisive segment crowded, currently dominated by Maruti Suzuki Swift. Hyundai i10 and i20, Figo Ford, Chevrolet Beat the other candidates are priced between Rs 3.55 and Rs 6.36 lakh lakh.
With Liva, we are now a full manufacturer in India offering a wide range of products of the luxury SUV Prado in Liva compact car which is a very useful stylish and dynamic, Toyota Kirloskar Motor (TKM) Director General Hiroshi Nakagawa said after the launch. Toyota presence in India through a joint venture with Kirloskar Group.
Last year, Toyota has successfully launched Etios, Liva sedan version in the country. The long wait for the sedan and to meet the expected demand for Liva, Toyota will increase production of its second plant to 70,000 units to 1,20,000 units next year. The automaker is currently producing about 6,000 units and Etios Liva per month and the number will increase to 8000 units per month of September.
The company aims to sell 60 000 units and Etios Liva, and in 2011, Liva, representing more than 20,000 units, Mr. Nakagawa said.
TKM invest Rs 3200 crores to set up its second plant in Bangalore with an initial capacity installed 70,000 units per year and expand its total production capacity to 2.1 lakh units next year. Its first plant is located in Bangalore.
In addition, TKM is the creation of a gasoline engine factory in Bangalore, which will go into production in 2012. After this, the localization of the level of Etios Liva and is expected to rise 90 percent to about 70 percent currently. The company is also building another plant gear box with a capacity to produce 2.5 lakh units annually and will be introduced in mid-2013.
National Goes Mobile Celkon, Seeks Rs 1,000 Cr Turnover
City-based Celkon, which sold 10 lakh units of mobile phones in 2010, on Monday launched a mobile phone at the national level. The company now aims Rs 1000 crore turnover, against Rs 150 crore it did in 2010. It also plans to increase sales of 50 lakh handsets this year from 10 lakh units last year.
"From today, prices, our devices Celkon available for sale in north Indian states of Delhi, Uttar Pradesh, Haryana, Uttaranchal, Punjab, Himachal Pradesh and Rajasthan. Our brand will be deployed in markets in eastern and western parts of India in the first week in July, "Y Guruswamy Naidu, Managing Director, Celkon Mobile, said at a news conference here after the national launch.
Naidu said. "In the category of dual SIM, the company is in sixth place in the country in terms of sales We strive for third place in the category at the end of 2011," he said. The company began operations in 2010 and enjoyed considerable success during the first year of its existence,
Mr. Naidu said Celkon is planning to set up assembly plant in southern India. "We are willing to establish a plan for the state of Andhra Pradesh, Tamil Nadu and Karnataka. Plant with a capacity of 3 lakh units per month, requires investment in RS 100 crore and will be completed within eight months, when we apply a place" he said. Investments in the factory must be through internal accruals and bank loans.
The company also announced plans to trial mobile phone manufacturers in the premium segment. "We will launch the Android-based handset A1, two or three days, marking our experience in the premium segment. This model is priced at less than Rs 6000 We also plan to launch a digital tablet a few months. Unlike other tablets for the high market price of Rs 25000, our tablet costs less than Rs 10000, "Murali retinene President of the company said. Celkon, which currently offers 20 varieties of phones, will also launch another new model C555 soon.
Celkon phones, has 300 service centers now expand its service network. "We will also strengthen our research and development (R & D) center in Hyderabad to bring more innovations and features of our products," said Murali.