Adarsh Derivatives-board Meeting on july 12,2008

Adarsh Derivatives-Board of Directors(BOD) Meeting on july 12,2008,In that meeting they are going to discuss about the followig things
1.14th Annual General Meeting Notice approval and Director's Report for the year ended March31,2008.
2.Preferential allotment of equity shares to promoters and non-promoters.

ipo closing & listing

First winner Ltd ipo listing on july 8th
Birla cotsyn(India)Ltd ipo closes on july 9th

steel prices went down by 10%

Retailers already announced a 10% cut in prices.but steel producers hada meeting with a steel secretary on 3rd july 2008.In that meeting they have decided to fix Maximum retail price(MRP) for traders and retailers.at present the rate was not constant for all traders and retailers.
JSW steel india vice chairman & MD,said,There is no transparentmechanism till date in most of the companies.steel authority has this mechanism where at the district level there have this MRP concept.So in today's discussion it came out clearly that we as an industry shouldhave MRP sort of a mechanism at the retail outlets from the small sellers.

Kingfisher is planning to buy 26% stake in spicejet

Kingfisher's vijay mallaya is planning to buy 26% stake in low cost airlines spice jet from two major share holders.vijay mallya is in talkwith the gulf countries based investor istithmar and the british person kansagra family,Each of them hold 13% in spice jet.mallaya is planning to spend $300 million in this deal.if the deal worked well means mallaya's kingfisher airlines will become top in the indian sky market.