IOC, ONGC divestment by Q4, to fetch Rs 19K cr: Oil Secy

The Government expects to complete the ONGC and IOC divestments by the end of this fiscal and hopes to raise up to Rs 19,000 crore from the process.

"We plan to complete the (divestment) process before the end of the financial

Gujarat NRE Mineral to file draft papers for IPO in a month

Gujarat NRE Mineral Resources Ltd, (GNMRL), an associate of Gujarat NRE Coke Ltd, today said it will file the draft prospectus for its planned initial share sale offer in a month.

"We will file draft red herring prospectus (DRHP) in a month," Gujarat NRE

IPO EXPECTED IN SEPT-2010 WITH DATES

Please find bellow mentioned IPOs are expected in September.

SR	Issue Open in September	Issue Size ( Rs.in Crs)	Open Date	Close Date	BRLM
1	Indo Solar Ltd.	500	13-Sep-10	15-Sep-10	Enam
2	Microsec Finance	200	14-Sep-10	17-Sep-10	SBICap / Enam / JM Financial / Reliance
3	V A TECH WABAG LIMITED.	300	15-Sep-10	17-Sep-10	Enam / IDFC SSKI
4	Career Point Infosystems Ltd.	150	16-Sep-10	21-Sep-10	Centrum / JM Financial
5	Orient Green Power Co. Ltd.	900	20-Sep-10	23-Sep-10	JM Financial / Goldman Sachs / UBS Sec / Axis Bank
6	Commercial Engineers & Body Builders Co Limited	200	20-Sep-10		Edelweiss / ICICI Sec
7	Electrosteel Integrated Limited	350	20-09-2010		Edelweiss / Enam / SBIcap
8	Ashoka Buildcon	300	20-Sep-10		IDFC SSKI / Enam / Motilal
9	Eros International	350	20-Sep-10		Enam / Kotak
10	Inventure Growth	70	2 / 3rd Week of Sept 10		Intensive
11	Sea TV Network Limited	50	4th Week of Sept 2010		Chartered Capital
12	Techpro System	250	4th Week of Sept 2010		Enam / Kotak
13	Cantabil Retail India Ltd	105	4th Week of Sept 2010		SPA Merchant Bankers / SMC Global
14	You Boradband & Cable India Ltd.	350 - 400	4th Week of Sept 2010		Edelweiss
15	Virgo Engineers Limited	350 - 400	4th Week of Sept 2010		Edelweiss / IDFC SSKI
16	Cantabil Retail India Ltd	105	4th Week of Sept 2010		SPA Merchant Bankers / SMC Global
17	BEDMUTHA INDUSTRIES LIMITED	50	4th Week of Sept 2010		Keynote / Ashika

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Market Gainer Stocks on 3-9-10

BEML, Rashtriya Chemicals & Fertilisers, Bosch and Chambal Fertilisers & Chemicals are among the other gainers.  

CRISIL assigns top rating to Coal India IPO

MUMBAI: Rating agency, CRISIL, on Friday said that it has assigned a CRISIL IPO Grade 5/5 (five-on-five) to the proposed initial public offer (IPO) of state-run Coal India Ltd (Coal India).

Rupee has best week in a month on growth hopes

The rupee completed the biggest weekly gain in a month on speculation that accelerating economic growth will prompt investors to increase purchases of the nation’s stocks. The currency strengthened to the highest level in two weeks as funds based abroad raised holdings of Indian shares to a record and the government reported the fastest pace of expansion in the second quarter since 2007.