हर महीने सात अमेरिकी बैंक धराशाई

Mar 29, 02:01 pm न्यूयार्क। वैश्विक वित्तीय संकट के मद्देनजर हर महीने औसतन सात अमेरिकी बैंक धराशाई हो रहे हैं। वर्ष 2009 में इस साल अब तक 21 बैंक बंद हो चुके हैं। साल के पहले तीन महीनों में 21 बैंकों को बंद किया जा चुका है जबकि 2008 में पूरे साल के दौरान कुल 25 बैंक बंद हुए। यदि सिर्फ 2009 और 2008 के आंकड़े को ही देखा जाए तो 46 ऋणदाता बैंक धराशाई हुए हैं और यह संख्या पिछले नौ साल में बंद हुए बैंकों की तादाद की आधी है। फेडरल डिपाजिट इश्योरेंस कार्पोरेशन के मुताबिक एक अक्तूबर 2000 से अब तक 73 बैंक बंद हो चुके हैं। इस कड़ी में सबसे ताजा नाम जार्जिया स्थिति ओम्नी नैशनल बैंक है जिससे इस साल मार्च में बंद होने वाले बैंकों की तादाद बढ़कर पांच हो जाएगी।

IL&FS Financial Services acquires 14.5 per cent in Maytas Infra

28 March 2009 IL&FS Financial Services has acquired 14.5 per cent stake in Maytas Infra, the infrastructure and realty outfit promoted by the kin of former Satyam chairman B Ramalinga Raju, through invocation of pledge of shares and off-market transactions, Maytas said in separate stock market filings. IL&FS Financial services has acquired 56.53 lakh shares, representing 9.61 per cent stake in the company following invocation of pledge, Maytas Infra informed the Bombay Stock Exchange in a filing. IL&FS also acquired 28,79,999 shares, representing 4.89 per cent stake in the company, through off-market transfer from Investsmart Financial Services Ltd, on 26 March, Maytas Infra said in another filing with the National Stock Exchange. The transactions have taken IL&FS Fin Serv's total holding in Maytas Infra to 14.5 per cent, the statement added. Other stakeholders of Maytas Infra include Sicom Ltd, which held 6.97 per cent stake in the company as of 31 December and Citigroup Global Markets (Mauritius) which held 1.70 per cent stake in Maytas Infra. Promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI), IL&FS Financial Service is one of India's leading infrastructure development and finance companies.

NSE switching to a फ्री फ्लोअट मार्केट केपिटलाईज़ेशन

The National Stock Exchange (NSE) on Tuesday said it was switching to a free float market capitalisation methodology for calculating the value of the S&P CNX Nifty against the full market capitalisation weighted methodology previously. What this means is that the weightage of a stock in the Nifty will be proportional to the public shareholding (non-promoter holding) in that company. Till now, the weightage was proportional to the market capitalisation of the company. So, a company with low public shareholding, but high market capitalisation would have a higher weightage. The new formula will come into effect from June 26 this year, and will reduce the weightage of stocks like ONGC and NTPC, where public shareholding is low. BSE uses the free float market capitalisation methodology for computing the value of its flagship benchmark, the 30-share Sensex. Due to the different formulae for calculating the Nifty and Sensex indices, there is a huge disparity in the weightages of some of the stocks. Because of a higher proportion of public shareholding, Infosys has the second-highest weightage in the Sensex at 9.5% while it comes at number five in the Nifty, with a weightage of 4.13. Similarly, ONGC with a high market capitalisation, but low public shareholding, has the second-highest weightage in the Nifty at 9.1%, while it ranks eighth in the Sensex. NSE release said there would be no change to the index values on the date of transition due to the change in the methodology. The index division will be suitably adjusted to ensure continuity in index values. Based on Tuesday’s closing prices, Reliance will retain its top position among index heavyweights, even under the free float methodology. Infosys will have the second-largest weightage, replacing ONGC, while ITC will be the third largest, replacing NTPC. NSE said categories like government holding in capacity of strategic investor, shares held by promotes through ADR/GDRs, strategic stakes by corporate bodies, investment under FDI category and cross-holdings among others would be excluded from the free float factor where identifiable separately.

स्टॉक खबर

• Mercator Lines took delivery of a jack up rig from Keppel’s of Singapore for Rs 1000 crore. • GMR group-promoted Rajiv Gandhi International Airport (RGIA) near Hyderabad, which completes one year of operations on March 22, has charted out a strategy to consolidate its business and establish an international transshipment cargo hub. • Mahindra & Mahindra is assessing plans to enter into the manufacture of small aircraft, but will concentrate on naval and land systems currently. • Satyam Board To Review Bids Friday Or Saturday – Report • Tata Communications said it will manage the Indian side of an undersea cable network connecting Africa. The Tata group company's Neotel (Pty) Ltd. unit will manage the network's landing point in South Africa, it said in a statement. Another unit, Tata Communications Transformation Services Ltd., will administer, operate and maintain the entire cable system, it added. • Nelco bagged an Rs 41.6 crore communication infrastructure order from ONGC. Tatanet, a division of Nelco, has been awarded the order to enhance voice and data communication between offshore sites (ONGC’s western offshore site) and base offices (base station in Mumbai). • Hyundai Steel To Supply 100,000 Tons Coil To Welspun For 1 Year. • Reliance Industries and Essar Oil are keen on buying crude oil from Cairn India's Rajasthan fields even as the Petroleum Ministry struggles to find takers of the nation's most prolific oil discovery among public sector firms.

Pledging of shares

Pledging of shares came into limelight after Satyam episode. Many Companies are disclosing pledging of shares by promoters, according to SEBI recommendations. What is pledging of shares by promoters? It means raising funds by promoters for their personal or company needs by pledging their shares in the company as a collateral security to either banks or Non-Banking Financial Institutions. Promoters may need funds either for personal needs or for Company expansion etc. Why one should be careful with promoter pledging?

In Bear market, stocks sometimes suddenly lose even 50% of value in few sessions. Lenders may ask promoters to cover margins by either paying money or pledging more shares. If promoters failed to do so, lenders resort to selling of shares in the open market which lead to huge fall in stock price which is like adding fuel to the already falling stock

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Pledging of shares is either positive or negative news depending on the situation. "Why promoter raised funds by pledging shares?" is the most important point. If it is for personal needs (Satyam), it is a bad signal. If it is for company needs, then we should ask 2 questions. Whether it is for mindless expansion or wonderful business opportunity?

Note: Intelligent promoters are just disclosing the number of shares but hiding the purpose of loans which is crucial for investors to take a call on the company. They are disclosing pledged shares information in the holding companies. Significant disclosures by Promoter on pledging of shares:

1. Maytas Infra: Promoters pledged 100% of their stake with lenders.

2. Tata Coffee: Tata Sons pledged 100% holding in the company. Tata Tea pledged 57.5% stake in the Tata Coffee. Tatas seem to have pledged everything to raise funds for their mindless expansions.

3. Tata Sons: Promoters pledged 13.5% stake in Tata Steel, 3.5% stake in Indian Hotels and 14.6% stake in Tata Power. Tatas pledged 95% stake in Tata Teleservices. Promoters pledged 28% of their stake in Tata Motors.

4. Unitech: Rumors of huge stake pledging by promoters. Bad signal.

5. India Cements: promoters pledged 82% of their stake in the company. Bad news.

6. Zuari Industries: 70% of their stake was pledged by promoters.

7. Bombay Rayon: Promoters pledged 18.43% stake in the Company. They pledged with Export Import Bank of India as a collateral security for the loan sanctioned to the firm.

8. Nagarjuna Fertilisers: Promoters pledged 24.56% stake. This is a huge concern as promoters already have tainted image.

9. Ganesh Housing: 30% stake was pledged by promoters.

10. Torrent power: Promoters pledged 21% stake of the company.

11. Aban Offshore: Promoters pledged 8% stake (voting rights) of the Company.

12. JP Hydro: Promoters pledged 60% stake to raise funds for power projects

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13. Radaan media works: 23% of stake was pledged by promoters.

14. Time Technoplast: Promoters pledged their entire 28% stake of the company.

15. Micro Inks: Promoters pledged 70% stake of the company.

16. Ansal Housing: 30% of the stake was pledged by promoters.

17. Rain Commodities: 21% stake was pledged.

18. UTV Software: Promoters pledged 23% stake of the company.

19. Karuturi Network: Promoters pledged their entire 22% stake of the company.

20. Gujarat NRE Coke: Promoters pledged 16% stake.

21. Asian Paints: Promoters pledged 15% stake of the company

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22. Kitply Industries: Promoters pledged 35% stake of the company.

23. Great offshore: Promoters pledged 15% stake of the company. 24. Shyam Telecom: Promoters pledged 20% stake of the company. 25. Dolphin Offshore: Promoters pledged 30% stake of the company. 26. Jindal Drilling: Promoters pledged 26% stake of the company. 27. Jubilant Organsys: Promoters pledged 13.66% stake in the company. 28. SRF: Promoters pledged 32% stake in the company. 29. Kamat Hotels: Promoters pledged 47% stake of the company. 30. Ahluwalia Contracts: Promoters pledged 18% stake but they have not disclosed the cause. 31. Dhanush Technologies: Promoters pledged 34% stake in the Company for company and personal needs. 32. Mascon Global: Promoters pledged 52% stake but cause is unknown. 33. Dhampur Sugar Mills: promoters pledged 18% stake in the company for company needs. 34. Cranes Software: promoters pledged 27% stake in the company. 35. Bil Power: Promoters pledged 11% stake of the company. 36. Haldyn Glass: 40% of company stake was pledged by promoters. 37. Karuturi Global: Promoters pledged their entire 18% stake in the company. 38. Zicom Security Systems: Promoters pledged their entire 13% stake . 39. MRO-TEK: Promoters pledged their entire 38% stake of the company