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Chevrolet unveils cruze in Chandigarh
General Motors India unveiled the all new Chevrolet Cruze diesel model in Chandigarh. The car will be available in two variants - LT & LTZ. With the launch of this model, it expects that by the end of this year, it would be able to achieve a growth of 11-12 per cent over the previous year. http://smallpersonalloans.org.uk

Govt extends time period for incentive schemes
In order to give a boost to exporters, reeling under the impact of the global financial meltdown, the government today said that various schemes like DEPB that provide incentives to exporters would continue.

News of the day

Apex court sets aside HC order on Paradip Port
The Supreme Court today set aside the Orissa High Court’s interim order that restrained the Paradip Port Trust (PPT) from reinviting financial bids from the short-listed bidders for developing a coal berth.
Corporate

Raj Oil Mills ends at marginal discount on debut

Raj Oil Mills finally settled at Rs 118 on the BSE today. The debutant touched an intra-day high of Rs 133, up 6.5% from its opening. The counter clocked a volume of over 17.3 million shares on the first day. ____________________________________________________________ F&O OUTLOOK: Downside limited from current levels US markets end in the green Raj Oil Mills made its debut on the BSE today at Rs 125, at a premium of 7% or Rs 9.15 to its issue price of Rs 120 per share. The stock is now trading at Rs 119 The stock soon touched a high of Rs 133 after opening at the exchange. As the trading progressed, the scrip fell to a low of Rs 115. The counter witnessed trades of over 12 million shares so far. The initial public offer(IPO), which opened on July 20, was fully subscribed on the final day of the offer. The IPO received bids for over 98.16 lakh equity shares against the offer size of 95 lakh shares. It also got a positive response from non-institutional investors, as it was subscribed nearly 1.5 times by them. The company reported a net profit of Rs 29.62 crore on sales of Rs 317.76 crore in the year ended December 2008.


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