Rakesh Jhunjhunwala makes huge bid in IndiGo IPO

THE ECONOMIC TIMES Fri, Nov 06, 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.

NFO (FMPs) Fund Name Category Type Open Close Min Inv   Reliance FHF XXIX Series 13 Reg-G Debt: FMP Closed-end 23 Oct 2015 06 Nov 2015 5,000 Reliance FHF XXIX Series 13 Reg-D Debt: FMP Closed-end 23 Oct 2015 06 Nov 2015 5,000 Reliance FHF XXIX Series 13 Direct-G Debt: FMP Closed-end 23 Oct 2015 06 Nov 2015 5,000 Reliance FHF XXIX Series 13 Direct-D Debt: FMP Closed-end 23 Oct 2015 06 Nov 2015 5,000 UTI Fixed Term Income Sr XXIII-VIII (1100D) Direct-G Debt: FMP Closed-end 06 Nov 2015 20 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   DHFL Pramerica Tax Savings Reg-G Equity: Tax Planning Open-ended 19 Oct 2015 04 Dec 2015 500 DHFL Pramerica Tax Savings Reg-D Equity: Tax Planning Open-ended 19 Oct 2015 04 Dec 2015 500 DHFL Pramerica Tax Savings Direct-G Equity: Tax Planning Open-ended 19 Oct 2015 04 Dec 2015 500 DHFL Pramerica Tax Savings Direct-D Equity: Tax Planning Open-ended 19 Oct 2015 04 Dec 2015 500 Axis Hybrid Series 28 Direct-G Hybrid: Debt-oriented Conservative Closed-end 27 Oct 2015 10 Nov 2015 5,000 More >>

Views and Recommendations

Nifty50 to find support at 7,950-7,930: Mitesh Thacker 06 November, 2015, 07:54 AM IST Even a gap down opening of 30-40 points would be a good selling opportunity on Friday, says Thacker. Any 30-40 point gap down on Nifty50 should be sold into: Sandeep Wagle 06 November, 2015, 08:00 AM IST In case there is weakness to follow —which is very likely —I do not see a bounce back beyond 30-40 points, says Wagle. Market mature enough to digest Bihar outcome soon: Deven Choksey 06 November, 2015, 07:55 AM IST I do not think that Bihar elections is an end of story for any government for that matter. See 50-60% upside potential in Majesco: Daljeet Singh Kohli 06 November, 2015, 07:57 AM IST We have a buy rating on the stock with a target of Rs 549; we reiterate that Majesco is a long-term investment, says Kohli.

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News Digest: Indo-Bangla work on free jumbo route

		THE TIMES OF INDIA
		Friday, November 06, 2015
		Today's Headlines

		India
		Indo-Bangla work on free jumbo route Human migration may remain a contentious issue between India and Bangladesh, but not elephants. The two countries are working with their respective external affairs and home affairs ministries to ensure that jumbos can cross the international boundary with ease. Virbhadra moves court for FIR copy Himachal Pradesh chief minister Virbhadra Singh has moved a trial court here seeking a complete copy of the FIR registered against him and some others in a disproportionate assets case. SC transfers Virbhadra case to Delhi HC The Supreme Court on Thursday restrained the Himachal Pradesh High Court from hearing chief minister Virbhadra Singh's petition in the disproportionate assets case and transferred it to the Delhi high court. More India News»

		Business
		Government reforms helped expand biz: Nadella Microsoft Corporation CEO Satya Nadella, who is in Mumbai to participate in its largest ever consumer conference 'Future Unleashed' in the country, praised the Modi government's record on ease of doing business at a time when sections of the domestic industry appear to be getting restless with the speed of change. TinyOwl layoffs spark 'hostage drama' "All I want is to go home safely. I am scared for my life," Gaurav Choudhary, 24, one of the co-founders of TinyOwl, told TOI over the phone, his voice breaking. Households, temples can push gold schemes Forty-five-year-old housewife Jharna Chowdhury from Kolkata said she would love her jewellery to fetch her some return. More Business News»

		Environment
		By '30, solar power to make up 18% of energy generation Solar energy is expected to account for 18 per cent of total power generation capacity in India by 2030 from one per cent at present, playing a key role in the country's efforts to achieving 40 per cent installed power capacity from renewable energy. From 'poor' to 'very poor', Delhi chokes as air quality falls The average reading of 10 areas showed that PM 10 and PM 2.5 (fine particles that can harm the lungs) were hovering around 368 and 222 microgram per cubic metre, much above the safe limits of 100 and 60. Bird poaching in Chilika Lake Around 40,000 birds of 60 different species have already descended in the blue lagoon of Chilika lake in Odisha. More birds are taking shelter in 15-59 sq km Nalabana bird sanctuary and Mangalajodi areas even as there are reports of bird poaching in the area More Environment News»

		World
		'Syrian insurgents used mustard gas'  A source at the Organization for the Prohibition of Chemical Weapons said Thursday that inspectors from the international watchdog have found evidence that mustard gas was used during fighting between insurgent groups in the Syrian town of Marea in August. Russia, Egypt dismiss suggestions a bomb caused crash Five days after a Russian jetliner broke apart high above the Sinai, Russia and Egypt on Thursday dismissed Western suggestions that a terrorist bomb may have caused the crash that killed 224 people, saying the speculation was a rush to judgment. Myanmar's Suu Kyi eyes post 'above the president' Myanmar opposition leader Aung San Suu Kyi said on Thursday that she will be the true power above the country’s president if her party wins historic elections this Sunday. More World News»

		Entertainment
		Bhajji: I wanted to settle down  Just-married couple Harbhajan Singh and Geeta Basra in their first interview post a week-long ‘very very big fat Punjabi wedding’ Celebs who moved out of their parents' home Celebs grow up in the comfort of their parents' home. However, with time, they are choosing to move out of their nests and buying their own properties to settle down. The women Dilip Kumar really loved More Entertainment News»

		Science
		Watch your mouth: Allosaurus had monstrously gaping jaws You might call the Jurassic Period meat-eating dinosaur Allosaurus the ultimate big mouth. OCHRI debated on the use of SGLT inhibitors (drugs for type II diabetes) As a part of continuing medical education Orange City Hospital and Research Institute’s Siddhi, a platform for scientific deliberations for doctors, organized a programme on SGLT2-inhibitors Nasa seeks astronauts for deeper space missions The next class of astronauts may fly on any of four different US vessels during their careers: the International Space Station (ISS), two commercial crew spacecraft currently in development by the US companies, and Nasa's Orion deep-space exploration vehicle. More Science News»

		Sports
		1st Test: Elgar helps South Africa edge ahead on Day 1 Spin accounted for nine of the 12 wickets that fell on day one of the Mohali Test, leaving South Africa 173 runs in arrears of India. Talking points, Mohali Test: Elgar's hot, Dhawan's not TOI Sports looks back at the key passages of play from day one of the Mohali Test between India and South Africa. Elgar not the first unassuming spinner to trouble India Here's a look at other instances in Test cricket when India were caught unawares by less fancied slow bowlers. More Sports News»

		Technology
		How 10 big tech companies got their names Here's tracking down how some of the world's biggest technology companies got their names and what they mean Microsoft to help solve urban India's problems: CEO Satya Nadella Microsoft CEO Satya Nadella today said the company is commencing a programme for startups. Zomato CEO's mail to staff after layoffs One of India's most talked-about unicorn Zomato recently laid off a part of its workforce. More Technology News»

		Education
		Docs train in China, Russia must clear foreign med grad exam The number of doctors who train in countries like China and Russia has risen sharply in recent years, but they must clear the Foreign Medical Graduate Examination (FMGE) for provisional or permanent registration with Medical Council of India or any state medical council. ICSE syllabus rejig: Schools fear dilution With the Council for Indian School Certificate Examinations (CISCE) announcing that it will revise the Class 11 syllabus to bring uniformity between ISC and CBSE syllabi, schools have expressed concerns about a possible dilution that would make it less challenging. Robotics workshop by IIT Kharagpur students Kshitij is the annual techno-management fest of IIT Kharagpur. More Education News»

		Mumbai
		Malegaon Ka Star: How cops tackled tantrums of this 'political animal' On Thursday, even as the entire country continued to debate the centrality of the cow to Indian politics, the Malegaon police's focus was firmly on detaining a more earthy animal-a star donkey true to its character. Blow to Mumbai cops as Maharashtra gives Rajan cases to CBI In a major setback to Mumbai police, all cases against gangster Chhota Rajan have been handed over to the CBI, the state government announced late on Thursday evening. Implement school bag rules by Nov 30: State The state government has set November 30 as the deadline for implementing recommendations for reducing the weight of school bags. More Mumbai News»

		Delhi
		Councillor's husband held for assault A case of molestation, assault and robbery has been registered against the husband of Poonam Bhardwaj, councillor from Raj Nagar ward in Bijwasan constituency. 9-year-old ace at Trojan run, virus crush at his age, boys are just stepping into the fantasy world of Hogwarts and beginning to identify with the Wimpy Kid, but Reuben Paul has his eyes on the rain—the green code rain of The Matrix. The third-grader is already an accomplished hacker, app developer, cybersecurity expert and, not surprisingly, CEO of a game development firm, Prudent Games. . Two families robbed at gunpoint on highway Two Delhi-based families are the latest victims of horrifying armed robberies on Jaipur-Delhi national highway and Express Highway. More Delhi News»

		Bangalore
		Differently abled kids to stage Animal Farm Budding 24-year-old actress rescued from prostitution ring Central Crime Branch sleuths rescued a 24-year-old budding actress who was allegedly trapped in a prostitution racket. Child porn CD found in haul in Yeshwantpur flat A company was booked after a child pornography CD was recovered from a flat it owns in north Bengaluru. More Bangalore News»

		Hyderabad
		City doc's rare procedure to treat urinary incontinence A 65-year-old woman suffering from severe urinary incontinence was successfully treated using a unique procedure by city urologist Dr Sanjay Sinha at Apollo Hospitals, Hyderguda. HC: Why not treat sand mining as a non-bailable offence? Expressing serious concern over the indiscriminate exploitation of sand and the damage it is doing to the ecology, Justice C V Nagarjuna Reddy of the Hyderabad High Court has directed the Telangana government and mining authorities to explain by November 16 their stand on treating the illegal activity as a non-bailable offence. Greenlands guesthouse may host VIPs again Greenlands guesthouse will soon don its earlier role and play host to VIPs visiting the city. A proposal to revive the guesthouse, which now houses the Telangana general administration (protocol) department (GAD), is under active consideration. More Hyderabad News»

		Chennai
		Wake up, act against illegal buildings, HC directs civic officials Student believed missing killed in train accident High Court asks hospitals to follow safety measures More Chennai News»

		Ahmedabad
		Single-window taxpayer grievance cells opened The Gujarat circle of the Income Tax (I-T) department on Thursday opened single window clearance cells (SWCC) for taxpayers' grievances in four cities in state including Ahmedabad, Vadodara, Surat and Rajkot. G'nagar cops offer 'siren locks' for deposit Gujarat to seek Rajan's custody More Ahmedabad News»

		Allahabad
		Wanted dacoit gunned down in MP Madhya Pradesh police gunned down notorious dacoit Chunni Lal Patel alias Mehman of Chitrakoot in an encounter near Bhagada village under Nayagaon police station. Rlys accounces special trains for Diwali, Chhath In view of rush of passengers for Diwali and Chhath, railway administration is introducing special trains in various directions. UPPSC to upgrade its website Paying heed to complaints from civil services aspirants about lack off communication, the Uttar Pradesh Public Service Commission (UPPSC) has decided to revamp its official website. This should help inform aspirants about the status of their complaint. Commission officials said half of the around 3,000 writs pending against UPPSC in courts were due to absence of a transparent mechanism. More Allahabad News»

		Bhubaneswar
		Naveen requests Rajnath for sanction of road projects in Red-hit districts In a letter to Union home minister Rajnath Singh, the chief minister said lack of road connectivity has been identified as one of the major infrastructural deficiencies in the left wing extremism (LWE) districts. SC grants bail to Preeti Bhatia The Supreme Court on Wednesday granted bail to Mumbai-based TV serial maker Preeti Bhatia, who was arrested last year by the CBI in connection with the Artha Tatwa (A T) Group chit fund scam. 215Centre-state MoU to improve rail network in Red-hit districts Trains chugging into Maoist-hit Malkangiri and Nabarangpur will soon become a reality as the railway ministry and the state government on Wednesday signed an MoU in New Delhi to strengthen infrastructure in the unconnected districts on a cost-sharing basis. More Bhubaneswar News»

		Bhopal
		NGT bans construction near Bhopal forest area to protect tigers National Green Tribunal (NGT) has banned with immediate effect all building permissions, new or pending within 1 km from the boundary of forest land in Kerwa and Kaliasot area due to tigers’ movements. The green panel has asked the district administration to take a call on enforcing prohibitory orders for restricting tourists in these areas as well. TOI impact: MP govt orders probe into fertilizer scam The Madhya Pradesh government on Wednesday ordered a probe into the alleged scam of farmers being forced to pay more for fertilizers from state government agencies. No FIR against Madhya Pradesh CM as MPHC dismisses Katare's petition adhya Pradesh high court on Wednesday dismissed the writ petition filed by leader of opposition Satyadev Katare seeking directives for Lokayukta to register an FIR against chief minister Shivraj Singh Chouhan and former education minister Laxmikant Sharma. More Bhopal News»

		Chandigarh
		Rahul visits Punjab amid show of strength For once on Thursday, the three-year frosty relationship between Congress leaders from Punjab's Malwa and Majha regions -- Capt Amarinder Singh and Partap Singh Bajwa -- gave way to rare accord. 'Tamas', Pash's poems saved Canada minister from Bihar cops 26 yrs ago Twenty-six years ago, poems by revolutionary Punjabi poet Avtar Pash, a copy of Bhisham Sahni's novel 'Tamas' and a cold cream had helped rescue Amarjit Sohi from the clutches of Bihar police. Sohi was on Wednesday sworn in as infrastructure and community minister in Justin Trudeau-led Canadian government. Latest Canada's defence minister took on Taliban When Harjit Singh Sajjan was appointed Canada's defence minister on Wednesday, he became the first ever baptised Sikh outside India to get the coveted ministry. More Chandigarh News»

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