Rakesh Jhunjhunwala makes huge bid in IndiGo IPO

THE ECONOMIC TIMES Fri, Oct 30, 2015 | 08:01 AM IST ET Investment Opportunities

Rakesh Jhunjhunwala makes huge bid in IndiGo IPO Rakesh Jhunjhunwala makes huge bid in IndiGo IPO Often called India's Warrent Buffett, Jhunjhunwala was also one of the early-stage investors in SpiceJet, another low-cost airline. BPCL planning IPO of Bina refinery next year: Chairman S Varadarajan BPCL planning IPO of Bina refinery next year: Chairman S Varadarajan BPCL is planning to launch an initial public offer of its Bina refinery unit next year, chairman of the state-owned firm S Varadarajan said. IndiGo IPO: It isn't only about numbers, but satisfied customers also IndiGo IPO: It isn't only about numbers, but satisfied customers also Not only is practically every potential investor in IndiGo IPO a regular customer of the airline, they are all satisfied customers. Retail investors should wait for secondary market listing as IndiGo IPO valuation high Retail investors should wait for secondary market listing as IndiGo IPO valuation high Even though IndiGo has superior financials and dominant market share in India, the IPO appears expensive from retail investors' perspective.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   S H Kelkar & Company Ltd. 173.00 - 180.00 28-10-2015 30-10-2015 Perfect Infraengineers Ltd. 23.00 30-10-2015 04-11-2015 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Sr XXIII-VI (1100D) Direct-Flexi D Debt: FMP Closed-end 21 Oct 2015 03 Nov 2015 5,000 UTI Fixed Term Income Sr XXIII-VI (1100D) Direct-DY Debt: FMP Closed-end 21 Oct 2015 03 Nov 2015 5,000 UTI Fixed Term Income Sr XXIII-VI (1100D) Direct-DQ Debt: FMP Closed-end 21 Oct 2015 03 Nov 2015 5,000 UTI Fixed Term Income Sr XXIII-VI (1100D) Direct-D Debt: FMP Closed-end 21 Oct 2015 03 Nov 2015 5,000 UTI Fixed Term Income Sr XXIII-VI (1100D) Direct-G Debt: FMP Closed-end 21 Oct 2015 03 Nov 2015 5,000 More >>

Real Estate News

Basements can be sold and registered independently in Haryana In a landmark judgment that is bound to bring relief to property owners, the Supreme Court ruled on September 17 that basements of residential houses can now be sold and registered separately in Haryana. Store in style Store in style NRI demand in Indian realty up in Oman Indian developers do visit Muscat periodically to organise individual road shows but here again local licensing laws impose stringent stipulations without which it would be difficult to reach the target audience. What makes Noida Extension first choice of property buyers The future holds great promise both for individual buyer who wants a house to live and investors both individual and large.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Sundaram Select Micro Cap Series IX Direct-G Equity: Small Cap Closed-end 16 Oct 2015 30 Oct 2015 5,000 Sundaram Select Micro Cap Series IX Reg-D Equity: Small Cap Closed-end 16 Oct 2015 30 Oct 2015 5,000 Sundaram Select Micro Cap Series IX Reg-G Equity: Small Cap Closed-end 16 Oct 2015 30 Oct 2015 5,000 Sundaram Select Micro Cap Series IX Direct-D Equity: Small Cap Closed-end 16 Oct 2015 30 Oct 2015 5,000 DHFL Pramerica Tax Savings Reg-G Equity: Tax Planning Open-ended 19 Oct 2015 04 Dec 2015 500 More >>

Views and Recommendations

Bharat Forge numbers not impressive but do not exit at current levels: Sudip Bandhopadhyay 29 October, 2015, 03:50 PM IST There are certain things which they need to do and I am sure they are in the process of getting those things done. Markets to trade in range till Bihar election results: Sudip Bandhopadhyay 29 October, 2015, 04:04 PM IST The big event will either be on fifth when the exit polls come out, or on eight when the election results are out. Bosch, MRF are names to look out for in high-price stocks: Sudip Bandyopadhyay 29 October, 2015, 03:58 PM IST They have created value for their investors over the many-many years. They are definitely worth looking at. Festive season, rural demand to propel two-wheelers; Hero Moto, Maruti top picks: Sudip Bandyopadhyay 29 October, 2015, 03:39 PM IST On two wheelers, we continue to maintain our positive view on all three companies – Bajaj, Hero MotoCorp as well as TVS.

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News Digest: Union minister Gowda gifts Audi to son on wedding

		THE TIMES OF INDIA
		Friday, October 30, 2015
		Today's Headlines

		India
		Union minister Gowda gifts Audi to son on wedding Union law minister D V Sadananda Gowda and his wife Datty presented their son Karthik a luxury Audi A6 on his marriage on Friday. The car costs Rs 1.25 crore. Karthik will marry Rajashri, alias Swathy, the daughter of Koodakandi Nanaiah, a hotelier. Sexual aggression high among Indian youth, finds research India has taken the ignominious lead of having the highest percentage of factors that shape boys into sexual predators, a study has found. Farmers may have to buy natural manure with urea to get subsidy Concerned at the harmful effect of chemical fertilisers on consumers, the Modi government is working on ways to bring down the use of urea by farmers. More India News»

		Business
		World Bank sees India growing at 7.5% in FY16 The World Bank has maintained its growth forecast for the Indian economy for the current fiscal year and expects it to expand by 7.5% in 2015-16. Volkswagen India's emissions data next mth Germany's embattled Volkswagen group said it is assessing the impact of its diesel engine emissions scandal in India even as some reports said it may issue a recall of nearly 1 lakh cars in the market. Amazon closes in on Flipkart in e-comm traffic Amazon looks to be turning the heat on Flipkart. The US online retail giant has caught up with its Indian rival on the web. More Business News»

		Environment
		AAP govt announces first-ever 'tree census' in Delhi The Delhi government on Thursday decided to get the capital's first-ever tree census done by a "third party", essentially an NGO, to arrive at a factual figure of the number of trees in the city. Student discovers rare fossil in China A 120 million-year-old fossil that belonged to an ancestor of the modern long-horned grasshopper has been discovered by a student. The fossil, found in Yumen in Gansu province, preserved a 3-centimetre section of the ancient insect's wing Global temperature to rise by three degree Celsius: Study The researchers have projected that global emissions would peak in 2020 and decline afterwards to 10 per cent below 2010 levels by 2030. Assuming countries would keep on their efforts after 2030, these could limit the long term temperature increase to around three degree Celsius. More Environment News»

		World
		China lifts one-child policy after 36 years China has discarded the one-child policy amid rising workforce shortage and aging population that is endangering the country’s economic growth. The policy was implemented 36 years back and was seen as a global landmark that reduced an estimated 400 million births. Australia to try out cloud passports Australia is looking at a trial of an innovation that would allow its citizens to travel overseas without a physical passport, foreign minister Julie Bishop said. UK's population to grow by 10m in 25 years UK is all set to overtake France by 2030 and Germany by 2047 to become Europe’s most populous country if current population trends continue. Britain’s Office of National Statistics (ONS) revealed on Thursday that UK’s population will increase by almost 10 million over the next 25 years. More World News»

		Entertainment
		Adil Hussain: Sobhraj is just like Hitler  Adil Hussain, 52, is born as a Muslim, but believes in an inner spirit practising meditation at home. Harbhajan-Geeta's big fat Punjabi wedding The big fat Punjabi wedding celebrations of Geeta Basra and Harbhajan Singh culminated in their Anand Karaj ceremony on Thursday morning at a gurudwara in Phagwara, near Jalandhar. Bollywood movies in which SRK dies Here is a list of some of Shah Rukh Khan’s films where his character dies at some point in time or the other in the movie. More Entertainment News»

		Science
		Soon, you could control PCs with a smile, blink or frown Scientists are developing new technologies that will allow computers to recognise non-verbal commands like gestures, body language and facial expressions. Stellar discovery: Rosetta detects oxygen on comet In a major breakthrough, European Space Agency's (ESA) Rosetta spacecraft has made the first in-situ detection of oxygen (O2) molecules outgassing from a comet, a surprising observation that suggests they were incorporated into the comet during its formation, according to an announcement by the space agency on Thursday . 6,000-yr-old `eco-home' discovered British archaeologists have discovered a 6,000year-old `eco-home' close to the iconic prehistoric Stonehenge monument. More Science News»

		Sports
		Sachin Tendulkar didn't know how to make double, triple tons: Kapil Kapil Dev says Sachin Tendulkar "did not know how to make double hundreds, triple hundreds and 400 though he had the ability" to scale such peaks. Bindra quits TOP Committee, says won't be able to spare time In a letter to TOP Committee chairman Anurag Thakur, Bindra said that he has decided to resign from the panel as he will not be able to spare time for a "meaningful contribution" to the scheme Five BP XI players to watch versus South Africans Of the 13-member Board President's XI squad, the names of Iyer, Nathu, Yadav, Pandya and Unmukt evoke a degree of interest. More Sports News»

		Technology
		Are high prices hurting iPhones 6S, iPhone 6S Plus sales in India? Apple has acknowledged that the higher pricing of iPhone 6S and 6S Plus in India and some other markets due to foreign exchange fluctuations has had an impact on their sales, but said it's investing for long term in the country. Samsung reports profit, but not because of smartphones Samsung reported its first earnings gain in more than a year as a record profit from computer chips masked a decline in its smartphone business. Mark Zuckerberg gets hero rating in IIT-D, insists Internet.org is not a villain Facebook founder and CEO Mark Zuckerberg on Wednesday said that he supported net-neutrality "100%", but added that he also strongly backed zero-rating. More Technology News»

		Education
		Most Indians prefer engineering as a career option: Report In countries with growing economies, engineering holds huge attraction for the next generation, a global report commissioned by Queen Elizabeth Prize for Engineering said. State education boards to declare Class 12 results by May 31 The state education boards have agreed to declare Class 12 result by May 31 every year. New panel to review UGC fellowships The Union human resource development ministry has set up a five-member committee to review University Grants Commission (UGC) fellowships. More Education News»

		Mumbai
		Cop kills cop at Alibaug HQ after tiff over lady cop A 45-year-old head constable was arrested by the Raigad district police on Thursday for killing a 28-year-old constable by planting a bomb on his motorcycle. Dance troupe returns Rs 8L to CM's relief fund Following TOI’s report on how Rs 8 lakh had been transferred from the Chief Minister’s Relief Fund to send a dance troupe to Bangkok, the cheque for the full amount has been returned to the fund’s kitty 'Tenders for concretizing Mum-Goa highway soon' Union transport minister Nitin Gadkari said the government plans to float tenders for concretizing the four-lane Mumbai-Goa national highway (NH17) by January as the state government has already acquired 50% of the land for the project. More Mumbai News»

		Delhi
		Yesterday once more on Town Hall lawns Almost four years since the last meeting of the erstwhile unified Municipal Corporation of Delhi in historic Town Hall, Chandni Chowk--that has been its seat of power since 1866 in the British Raj--North Corporation held a House meeting again here on Thursday afternoon. Gujarat woman doctor tries to gatecrash summit A middleaged Gujarati woman tried to gatecrash the India Africa Forum Summit on Thursday afternoon, causing a security scare. Curbs for Africa event spark jams Traffic jams stalled parts of south and east Delhi as a portion of the Ring Road was closed for VVIP movement during the India Africa Forum Summit on Thursday. More Delhi News»

		Bangalore
		Woman dragged and killed by buffalo near Bengaluru A 45-year-old homemaker, who was grazing herds died of injuries when the rope tethered to her he-buffalo tangled her leg and the buffalo ran all over the field by dragging her on the ground near Mandur in Avalahalli on Thursday evening. Sub-inspector attacked near Bengaluru's Dommalur inner ring road A 23 year old man, working as an assistant with HAL airport canteen has been arrested for allegedly attacking on duty police sub inspector near Dommalur inner ring road on Thursday evening. Major protests to save Bellandur lake on Friday A major protest is being held against the state government demanding necessary action to clean Bellandur and Varthur lake, which are facing severe pollution. More Bangalore News»

		Hyderabad
		Telangana government open to Maggi return estle's flagship instant noodle brand Maggi could soon be back on dining tables, the Telangana government said on Thursday. AgriGold misleading court, says petitioner Even as the committee appointed by the Hyderabad High Court to oversee the auctioning of the scam-hit AgriGold properties commenced its work, a fresh supplementary petition was filed by the depositors and agents welfare association. Victory for lobby? AP govt to exit liquor biz In a complete U turn of its liquor policy, obviously due to pressure from the liquor lobby, the Andhra Pradesh government has decided to wind up the liquor shops managed by the excise department in all the 13 districts. More Hyderabad News»

		Chennai
		Rain cools Chennai but supply to catchment areas is the key The northeast monsoon is officially here and the Met department has predicted the city will get at least a week's rain starting from midnight on Thursday. Fireman posts video against officers, ends life A fireman in the state's fire service released a video on WhatsApp on Thursday accusing his superiors in the department of harassment before ending his life. Actor Vivek loses 13-year-old son to dengue, brain fever Tamil actor Vivek’s son Prasanna Kumar, 13, died in a city hospital on Thursday of complications arising out of dengue and brain fever. He was undergoing treatment at the hospital for more than a month. More Chennai News»

		Ahmedabad
		Surrogate mothers stage protest in Anand Over 50 women, undergoing surrogate pregnancy or already worked as surrogate mothers, gathered at Akanksha Infertility Clinic in Anand on Thursday and demonstrated against the recent letter by Indian Council of Medical Research (ICMR) that bans foreign couples getting Indian surrogates. Foreign couples want India to change stand Paul, 34, a management consultant, and his 31-year-old teacher wife, Melody , from Texas in the US, were one of the foreign couples who visited Aakanksha Infertility Clinic in Anand on Thursday . Class XI & XII papers to be made `leak-proof' Gujarat Secondary and Higher Secondary Education Board (GSHSEB) has decided that the question papers for semester I examination of class XI and semester III of class XII will be sent in a single bag which will contain packets of 30 papers each. More Ahmedabad News»

		Allahabad
		Polling booths in dacoit infested belt of Chitrakoot turn into fortress In an attempt to ensure free and fair polling in dacoit infested belt of Manikpur, Markundi and Bahilpurwa circles of Chitrakoot district in the fourth and final phase of panchayat polls for the post of block development committee (BDC) members, the cops on Wednesday claimed to have turned all the 23 hyper sensitive booths into fortress. HC dismisses PIL against Shukla as withdrawn The Allahabad High Court on Tuesday dismissed a public interest litigation (PIL) as withdrawn that sought to restrain Rajeev Shukla, a Member of Parliament (MP), from functioning as secretary of Uttar Pradesh Cricket Association (UPCA). AU researcher working on new age solar cells A young researcher from the Allahabad University’s (AU) department of physics has come up with breakthrough research in new age solar cells that could revolutionize the photovoltaic technology that harnesses solar energy. More Allahabad News»

		Bhubaneswar
		Schools welcome move to ban junk food near campuses Schools in the city have welcomed Food Safety and Standards Authority of India's (FSSAI's) proposed guidelines to ban junk food and food with high amount of salt, sugar and fat, near their campuses. Dal at subsidized rates Providing relief to the people, the state government on Wednesday started selling pulses at subsidized prices at fair price shops in six cities. Baby's body fished out of canal, mombooked for murder Police on Wednesday recovered the body of the one-year-old baby girl, who went missing after her mother jumped into a canal along with her at Balianta here on Tuesday following a fight with her husband. More Bhubaneswar News»

		Bhopal
		Wild swing in weather forces denizens to pull out winter wear From unbearable warm days with temperature staying above 30 degrees for two-thirds of October, cold winds blowing across the city, 180 degrees turn in weather was as sudden as overstretched long run of muggy and humid conditions. Now, all that has gone without leaving a trace. Special train between Lucknow and Bhopal  To clear the rush of passengers during Diwali railways will operate a special train between Lucknow and Bhopal. The weekly special train (01683/01684) will operate in November for three trips. Bhopal preps up for a gala Karwa Chauth Preparations in the city are in full swing for Karwa Chauth and the ladies are all set to celebrate the festival in both traditional and modern ways. As a festival that gives them an opportunity to get together with family and friends and have fun while, some are opting for silent dinners while most others are opting for fun parties. We tell you how the city has geared up to celebrate this festival. More Bhopal News»

		Chandigarh
		Haryana fixes MRP on pulses for retail selling To check the surging prices of pulses in the state, the Haryana government on Wednesday decided to fix maximum rates of different pulses for retail selling. DGP tells nodal officers to start touring villages to sort out differences among castes Haryana panchayat bodies amendment act case: Verdict reserved The Supreme Court, on Wednesday, reserved its verdict on amendments made by the Haryana government in the Panchayati Raj Amendment Act. More Chandigarh News»

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