Update 4
IT stocks decline
IT stocks slipped on renewed selling even as the Sensex remained rangebound.
At 13:29 IST, the BSE Sensex was up 35.13 points (0.26%) to 13880.17. Early today, the Sensex opened with an upward gap at 13846.71 as buying continued following 148 point’s surge on Friday (1 December) and moved to an all time high of 13911.64. It low for the day is at 13828.90.
The total turnover on BSE amounted to Rs 3114 crore boosted by two block deals of 20.09 lakh shares each were struck in ICICI Bank counter in the institutional segment at an average rate of Rs 884 per share.Market breadth was strong with over 1.5 gainers for every single loser on BSE. 1519 shares rose, 946 declined while 72 remained unchanged.Among the Sensex pack, 17 advanced while the rest declined.
Mastek allots 60,190 shares under ESOP
Mastek, a global software solutions and integration services provider, on Monday informed that it has allotted 60,190 shares under the Employees` Stock Option Plan (ESOP).Subsequent to the said allotment of shares, the paid up share capital of the company shall be 2,82,76,017 shares aggregating to Rs 14,13,80,085.
Opto Circuits buys European firm for Rs 72cr
Healthcare equipment manufacturer Opto Circuits India today announced an agreement to acquire a European firm at an estimated cost of around Rs 72 crore.
"The company has signed a letter of intent to acquire a medical equipment company in Europe. The company designs and manufactures a wide range of balloon catheter assemblies and related products for coronary, renal and other applications," Opto Circuits India said in a communication to the Bombay Stock Exchange today.
The company, which acquired Eurocor recently, had reported a turnover of about Rs 87 crore on a stand-alone basis and a net profit of Rs 29 crore for the first half of the current fiscal. Given the positive outlook after the acquisitions, analysts expect the company to report a net profit of more than Rs 65 crore for the year ending March 31, 2007.
IVRCL order book crosses Rs 7,700cr
IVRCL Infrastructure and Projects has received orders worth Rs 608 crore for power as well as water distribution projects from Jharkhand and Gujarat, taking its order book to more than Rs 7,700 crore.
The infrstructure firm has bagged a Rs 469.46 crore for setting up power distribution project for Jharkhand State Electricity Board, under the Rajiv Gandhi Vidyutikaran Yojana of Rural Electrification Corporation. The order has to be completed in 12 to 18 months, the company said, while informing the Bombay Stock Exchange.
TO READ MORECLICK HERE
TCS bags USD 100 mn order from Bank of China
IT major Tata Consultancy Services (TCS) has secured a contract worth a whopping USD 100 million from the state-run Bank of China (BOC), reports Financial Express.
It is being dubbed as one of the major IT-related deals signed by a Chinese bank ahead of the opening up of the country`s banking sector to foreign competition by December 11 under Beijing`s commitment to the World Trade Organisation (WTO).
Under the just-inked deal, the Indian IT giant will provide a range of banking solutions to BOC.All major Indian IT giants, including TCS, Infosys, Satyam, Wipro and NIIT, and i-flex have set up bases in China, servicing their multinationals customers in the country and targeting the huge domestic software market as well as the Japanese and South Korean markets.
Meanwhile, TCS and its Chinese partners are expected to get their business licence soon for their Beijing-based joint venture, another milestone in the company`s bid to expand its global footprint.
The joint venture company will be located in Beijing`s Zhongguancun Software Park (z-Park) and will provide IT services and solutions to China`s domestic market as well as major markets, particularly Japan as well as the rest of Asia-Pacific region, US, and Europe.
IT stocks slipped on renewed selling even as the Sensex remained rangebound.
At 13:29 IST, the BSE Sensex was up 35.13 points (0.26%) to 13880.17. Early today, the Sensex opened with an upward gap at 13846.71 as buying continued following 148 point’s surge on Friday (1 December) and moved to an all time high of 13911.64. It low for the day is at 13828.90.
The total turnover on BSE amounted to Rs 3114 crore boosted by two block deals of 20.09 lakh shares each were struck in ICICI Bank counter in the institutional segment at an average rate of Rs 884 per share.Market breadth was strong with over 1.5 gainers for every single loser on BSE. 1519 shares rose, 946 declined while 72 remained unchanged.Among the Sensex pack, 17 advanced while the rest declined.
Mastek allots 60,190 shares under ESOP
Mastek, a global software solutions and integration services provider, on Monday informed that it has allotted 60,190 shares under the Employees` Stock Option Plan (ESOP).Subsequent to the said allotment of shares, the paid up share capital of the company shall be 2,82,76,017 shares aggregating to Rs 14,13,80,085.
Opto Circuits buys European firm for Rs 72cr
Healthcare equipment manufacturer Opto Circuits India today announced an agreement to acquire a European firm at an estimated cost of around Rs 72 crore.
"The company has signed a letter of intent to acquire a medical equipment company in Europe. The company designs and manufactures a wide range of balloon catheter assemblies and related products for coronary, renal and other applications," Opto Circuits India said in a communication to the Bombay Stock Exchange today.
The company, which acquired Eurocor recently, had reported a turnover of about Rs 87 crore on a stand-alone basis and a net profit of Rs 29 crore for the first half of the current fiscal. Given the positive outlook after the acquisitions, analysts expect the company to report a net profit of more than Rs 65 crore for the year ending March 31, 2007.
IVRCL order book crosses Rs 7,700cr
IVRCL Infrastructure and Projects has received orders worth Rs 608 crore for power as well as water distribution projects from Jharkhand and Gujarat, taking its order book to more than Rs 7,700 crore.
The infrstructure firm has bagged a Rs 469.46 crore for setting up power distribution project for Jharkhand State Electricity Board, under the Rajiv Gandhi Vidyutikaran Yojana of Rural Electrification Corporation. The order has to be completed in 12 to 18 months, the company said, while informing the Bombay Stock Exchange.
TO READ MORECLICK HERE
TCS bags USD 100 mn order from Bank of China
IT major Tata Consultancy Services (TCS) has secured a contract worth a whopping USD 100 million from the state-run Bank of China (BOC), reports Financial Express.
It is being dubbed as one of the major IT-related deals signed by a Chinese bank ahead of the opening up of the country`s banking sector to foreign competition by December 11 under Beijing`s commitment to the World Trade Organisation (WTO).
Under the just-inked deal, the Indian IT giant will provide a range of banking solutions to BOC.All major Indian IT giants, including TCS, Infosys, Satyam, Wipro and NIIT, and i-flex have set up bases in China, servicing their multinationals customers in the country and targeting the huge domestic software market as well as the Japanese and South Korean markets.
Meanwhile, TCS and its Chinese partners are expected to get their business licence soon for their Beijing-based joint venture, another milestone in the company`s bid to expand its global footprint.
The joint venture company will be located in Beijing`s Zhongguancun Software Park (z-Park) and will provide IT services and solutions to China`s domestic market as well as major markets, particularly Japan as well as the rest of Asia-Pacific region, US, and Europe.
posted by SY at 1:55 PM
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