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Tata Investment Corporation, a unit of Tata Sons Limited, has informed that company’s board has approved its plan to raise a sum of Rs 448 crore in 2008 via rights issue of zero-coupon convertible bonds. The company has decided to offer one ZCB for every five shares at the face value of Rs 650. Further, the board of directors of the company have recommended the payment of a dividend of 150% on the ordinary share capital i.e. Rs 15 a share of the face value of Rs 10. Tata Investment Corporation Limited operates as an investment company in India. Its activities primarily include investing in long-term investments in equity shares and other securities of companies in a range of industries. The company also distributes mutual funds and other investment related securities. The company’s net profit declined 7% to Rs 44.71 crore on 7.1% fall in net sales to Rs 52.32 crore in Q3 December 2007 over Q3 December 2006.

Aditya Birla Nuvo plans to invest Rs 400 crore to open 80 Peter England People stores, spread across 10,000 -12,000 sq ft, in next five years. It would launch the brand in Bangalore by June this year and later in cities like Delhi, Hyderabad, Chennai and Kolkata by end of 2008. The market for apparel segment for organized players is estimated at Rs 4,900 crore and is expected to grow to Rs 1,30,000 crore in the next five years. The company expects to collect Rs 4,500 crore ($1.5 billion) revenue from the apparel retail business in next five years. Madura Garments, the apparel retail business of the group, is looking to emerge as one of the top three retailers in the country in five years. Madura has 250 flagship stores for brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England. Last year, the company had posted revenue of Rs 1,025 crore. Aditya Birla Retail currently operates 550 super markets and two large format stores under the More brand. The company is slated to

Indian tyre manufacturer Ceat Limited, has decided to set up its proposed Rs 500-600 crore greenfield radial facility in Gujarat. According to sources close to the State Government, the company has recently filed an application for the allotment of approximately 100 acres at either Halol near Baroda or Bharuch for setting up the proposed 36-lakh radial tyre facility. Apart from passenger tyres, the proposed plant would also host a pilot facility to manufacture 2.5 lakh truck-bus radials per annum. Ceat has lauched a new website. The newly launched website features information about the company, the product range, along with tyre maintenance and information pages. The company has reported a net profit of Rs 148.6 crore for the year-ended March 31, 2008, against Rs 29.25 crore a year ago. The company's board has recommended a dividend of Rs 4 per share.

Finally, Infrastructure Development Finance Co Ltd (IDFC) has been announced as the winner for adopting Standard Chartered’s mutual fund business in India. In an all-cash deal, IDFC will pay Rs 830 crore ($205 million) to get hold of the asset management business of Standard Chartered. This amounts to 5.67% of the total assets under management of Rs 14,141 crore of StanChart’s AMC at the end of February 2008. The deal follows the RBI’s rejection of Swiss banking major UBS AG’s last year’s bid to purchase StanChart’s MF business for around Rs 516 crore, which was 4% of the total AUM of StanChart MF at that time. The UBS deal was terminated in January 2008. Jaspal Bindra, chief executive officer, Asia, Standard Chartered said, “IDFC is a well respected financial services company and we are delighted to have reached an agreement with them for the sale of this business. Standard Chartered will remain a distributor of asset management products in India. India is a key market and delivered

The Biggie Reliance Power IPO was subscribed 72 times and had received nearly 31 lakh applications which is a new record for most applications received. But when Reliance Power shares listed on 11th February the scenario changed and the market started coming down making Reliance Power shares plunging 17.22% below the issue price of Rs.450. Making most of the investors losing millions of money with no hope to get the invested amount with a good return. It was a black Monday as many investors had taken loan from banks to invest in Reliance Power IPO and got stucked in between of the falling market situation. But on Sunday 24th February, Anil Ambani gave up Rs 5,000 crore ($1.2 billion) of his personal wealth to enable Reliance Power shareholders to make up for their losses caused by bad listing of the stock. And announced a bonus plan for investors, where investor will get 3 shares on his each 5 owned shares. Which will bring the cost of Reliance Power shares down to Rs 269 each for reta

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Today Indian economy is showing the growth graph upwards with many investment opportunities for a normal person. One of this kind of investment is investing in Mutual Funds. Indian stock market has reached to a new height giving the investors a good option to make money. Investing in mutual fund gives one a vast options to select different mutual funds from different companies and fields. There are many fields to select from, for example one can select mutual funds from different sectors such as tax saver fund, opportunity fund, log term benefit term, real estate fund, etc. But investor should give time to invested funds, mutual fund investment is not like stocks where you buy and sell the stocks immediately, in case of mutual funds you need to give some time so that when you sell the fund you get a good returns.