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Popular Articles

Govt needs to tighten road safety norms: Nath
With a person dying every four-and-a-half minutes in road accidents in the country, the government today said it will tighten safety rules to bring them in line with international standards.

Gujarat realtors' delegation to visit Japan, Korea
Even as Gujarat chief minister Narendra Modi hopes to see the state, alongwith Japan and Singapore dominate the Asian economy, a delegation of 95 real estate developers from Gujarat will be visiting Japan and Korea to study and imbibe technological know-how of infrastructure in these Asian economies.

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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

Intrasoft Tech files DRHP with Sebi

Intrasoft Technologies, which runs greetings card website 123greetings.com, will enter the capital market to raise funds and has filed draft papers with market regulator Securities and Exchange Board of India (Sebi). - REC to launch FPO by February - Godrej Properties mulls pre-IPO placement of 4% stake - Ashoka Buildcon files DRHP, eyes Rs 225-cr via IPO - StanChart gets RBI nod for Rs 5,000-cr IDR issue - NEWSALERT: Indiabulls Power files red herring prospectus - It"s the festive season for initial offers, too The company plans to hit the primary market with 37 lakh equity shares, which will constitute 25.12 per cent of the post paid up capital of the firm, according to the draft red herring prospectus (DRHP) filed with the Sebi. According to the draft papers, Intrasoft Technologies (ITL) will use the proceed from the initial public offer (IPO) for different purposes, which includes branding and promotion, investment in technology infrastructure, purchasing a corporate office in Kolkata and general corporate purposes. The firm needs Rs 20.15 crore for branding and promotion, Rs 13 crore for purchasing a corporate office and Rs 2 crore for investment in technology infrastructure. The firm"s website offers a range of electronic greeting cards, including multimedia content designed for catering to varying geographical and religious celebrations, occasions and other events. The equity shares offered through the issue are proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange. Collins Stewart Inga and Anand Rathi Advisors are lead book managers of the issue.


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