Cuban Cigars, made from dried and fermented Cuban tobacco have now found their way into the streets of Indian metros. Cuban Cigars are known to be the best Cigars since they are reputed to be of higher quality and better taste. Almost all the leading brands of Cuban Cigars are available in India and there are even Cigar clubs being started in cities like Delhi where people meet once in a week or so and smoke Cigars, drink, party and make merry. With more Indian companies said to be eyeing this high margin niche market, Cuban Cigars are likely to become more popular in the country in the coming few months. It would be interesting to see how shareholders react, if a company like ITC, which is India’s largest manufacturer and distributor of tobacco products, announces its entry into this market.

Popularity: 6% [?]

Tata Indo Global Infrastructure Fund is a closed end mutual fund scheme from the stable of tata mutual fund. The Tata Indo Global Infrastructure Fund has an investment period of 3 years. With a little over 2 more years remaining out of the 3 years, the perfomance of the Tata Indo Global Infrastructure Fund has not quite been encouraging. There are investors who are still complaining that they have not received any communication from tata mutual fund, after they had paid and applied in the NFO about an year back. Also with the world economy heading towards a recession, the returns offered by the Tata Indo Global Infrastructure Fund are far from being satisfactory. However, investors need not resort to panic selling of their NAV’s. As and when the market stabilises and starts rising again, Tata Indo Global Infrastructure Fund is likely to satrt providing good returns to investors.

Popularity: 8% [?]

Housing Development and Infrastructure Limited (HDIL) has made an announcement to the stock exchanges in which it is listed that the board of director who had a meeting yesterday have recommended an issue of bonus shares to the shareholders of HDIL. HDIL bonus issue ratio has also been fixed by the board of directors of the company. The ratio is 2:7. Investors had expected a much more liberal bonus issue from the board of directors. A bonus issue ratio of 2:7 means that investors will get 2 bonus shares for every 7 existing shares that they hold in HDIL. The record date for the purpose of determining the eligible shareholders for the bonus issue has not yet been announced by the company. The record date is expected to be announced next month.

Popularity: 8% [?]

Reliance Power Bonus Issue was announced after the bad listing that Reliance Power IPO faced. Its a nice gesture by Anil Ambani to the IPO investors of Reliance Power Limited. The bonus issue will help investors who applied in the Reliance Power IPO to minimise the losses they took in the IPO. A large number of private equity funds, including many Indian PE Funds have invested in the reliance power IPO. Reliance Power Bonus Issue record date is yet to be announced. The record date of Reliance Power Bonus Issue will be updated here as soon as the same is announced by the company. The record date announcement is likely to follow in a few days from now. At the moment voting through the postal ballot is being conducted so that investors can cast their vote for the proposed Reliance Power Bonus shares issue.

Popularity: 32% [?]

If the market grapevine is to be believed, some of the IPL T20 20-20 Cricket Teams will soon go for an IPO and will be listed and traded on the Indian stock markets in a year or two. The funds generated from the IPO will be used to manage the teams and for the purchase of international as well as domestic cricketers. The funds will also go towards insurance needs of the team and its players. From next year, it is likely that the price of the players is expected to rise exponentially. So funds generated through the IPO would certainly be very helpful to the IPO T20 team owners to purchase good players for their teams. More on the IPL T20 20-20 Cricket Teams IPO will be updated here soon.

Popularity: 7% [?]

Essar Steel Delisting Offer Price has been fixed at Rs. 48 per share. This is the price at which the shareholders of Essar Steel can surrender their shares. Investors can refuse to surrender the shares by not participating in the open offer. However, in this case investors will have no exit option since the shares of Essar Steel will soon be delisted from the Indian stock exchanges. Earlier in December last year SAT had stayed the original delisting of shares on the earlier planned date. A hearing was heard on the 12th of December by SAT and a ruling was passed after the hearing.

Popularity: 7% [?]

With India having allowed Mutual funds to invest in foreign stocks with a cap of $ 5 billion only about $ 882 million of this capacity was utilised as Indian prefer investing in domestic stocks than foreign ones. The Indian investors feel that at a time when the foreign funds are coming into India for being invested, they should not be investing in foreign stocks. The geographical diversification offered by these foreign funds hold little value to the Indian investors. Moreover the tax regulations also add to this by placing a restriction on investments which are more than 35% of the assets. Such investments in excess of this are taxed at a higher rate. So despite the rise in the cap the tax regulations still dampen the purpose of this increased cap.

Popularity: 35% [?]