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Tech view: Nifty support at 4,825
The markets yesterday witnessed typical derivatives expiry session, as stocks and indices swung between zones ahead of settlement. After rallying to a high of 16,525 in morning trades, concerns on higher food inflation and expiry pressure saw the Sensex tumble into red to a low of 16,182. The Sensex finally ended with a marginal (17 points) gain at 16,307.

NIIT Tech patners Hitachi for cloud computing
NIIT technologies has announced partnership with Hitachi Information Systems to offer cloud computing services. Cloud computing is an emerging mega trrend which is standardized IT capability delivered via the internet in a pay per use and self service manner. With cloud computing gaining impetus, both companies will be able to offer the complete portfolio of services around the cloud infrastructure to cater to the changing IT landscape.

News of the day

Idle capital a new problem for many Indian banks
Low cost of funds and low credit growth have meant unprecedented levels of capital adequacy ratios (CARs) for banks.
Public Relations

DB Corp to list on on Jan 6; issue price at Rs 212

Media house DB Corp, which publishes Hindi daily Dainik Bhaskar, will list its equity shares on the bourses on January 6. - DB Corp fixes IPO issue price at Rs 212 per share - Vanita Kohli-Khandekar: The print media paradigm">Vanita Kohli-Khandekar: The print media paradigm - Newsmaker: Ramesh Chandra Agarwal">Newsmaker: Ramesh Chandra Agarwal - DB Corp IPO subscribed 14.60 times on final day - Regional advantage - DB Corp: Regional edge The firm, which publishes newspapers in Hindi, Gujarati and English, would list 1.81 crore shares at Rs 212 each - the upper end of its price band. DB Corp had fixed issue price for non-retailers at Rs 212 per share, while for retail investors it is at Rs 210- a discount of Rs 2 per equity. DB Corp"s Initial Public Offer (IPO) received robust response and got subscribed nearly 40 times, becoming the best in terms of investor demand so far this year. The IPO received bids for over 58.89 crore shares against 1.49 crore shares on offer, generating demand of 39.52 times. The issue had opened on December 11, 2009, and closed on December 15, 2009. The company mopped up Rs 385 crore through the public offer and plans to use the proceeds for launching its publications in newer markets and to repay some of the debts. DB Corp is planning to expand its presence in tier II and tier III cities in the next two years. DB Corp publishes 7 newspapers, 48 newspaper editions and 128 sub-editions in three languages in 11 states in the country.


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