Saturday, 6 October 2007


Birlasoft, the software division of the C K Birla group, is planning to come up with its IPO mid next year.

Birlasoft used to be higly dependent on GE for its business which was about 80% 2 years ago of its total revenue. Currently it is about 48%.

Oil India IPO in offing

Oil India is planning to come out with an IPO early next year in January-Feburary to raise upto Rs 2000 crore by off-loading 10%

Sops for Exporters

Government has announced relief measures for exporters who have been hit hard by the appreciating rupee including refund of service tax on three additional services, provision to pay interest on exchange earners foreign currency accounts (EEFC) and an additional Rs 300 crore for Vishesh Krishi and Gram Udyog Yojana.

Rekindled optimism

A very positive employment report pushes US stocks up. US employers added 110,000 new jobs last month.

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.