Royal Enfield Cafe Racer specs revealed

Even as enthusiasts across the country await the launch of the Caf Racer , Royal Enfield has unveiled the motorcycle at the Long Beach Motorcycle Show in the USA last month. The bike will be launched in the US by June or August 2013 as a 2014 model, and the unveiling has revealed some more details about the motorcycle, things we were not told at the Auto Expo 2012 in New Delhi . For the Caf Racer, the Classic 500 's 499cc, air-cooled single has been bored out to displace 535cc, the displacement of the erstwhile Lightning 535. Power output is also up, from the Classic 500's 27PS to 36PS, which is the highest ever for a Royal Enfield. Torque ratings were not disclosed but we expect that to be significantly higher than the Classic as well.

The frame has been designed and developed by Harris Engineering, while suspension has been developed by Paioli. The Caf Racer is expected to be lighter than the Classic by about 21 kilos, which should make it as light as a Honda CBR250R . The higher power output, weight loss and the hike in engine capacity should easily make the Caf Racer the quickest and fastest Royal Enfield to date. The bike is expected to retail in the USA for the equivalent of Rs 4 lakh. While we do not expect it to be as expensive when launched in India at the next Auto Expo, we believe pricing could be in the region of Rs 2.5 to 3 lakh. A host of accessories were also announced at the unveiling, which include aluminum bits like fenders, upper and lower triple brackets, aftermarket exhausts and optional clip-on or clubman handlebars. Options will also include a single or twin saddle seat, different fuel tanks - steel, plastic or aluminum, apart from different gear ratios.

As of now, it is difficult to comment on how many of these accessories will make it to India when the bike is launched, but the engine specifications do have us waiting for the launch already!

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Timbor Home at 52-week high on order from Coastal Gujarat

Timbor Home , the largest manufacturer-retailer of modular kichens and solid wood further in India, gained as much as 11.9 percent to touch a 52-week high of Rs 57.40 on Thursday after winning Rs 4 crore order from subsidiary of Tata Power.

The company has won an order for solid wood further worth approximately Rs 4 crore from Coastal Gujarat Power (A TATA Power company) for their Mundra township project in Gujarat.

Timbor has a pan India retail presence in 81 cities with over 140 exclusive showrooms for its various products.

At 12:10 hours IST, the stock rallied 6.24 percent to Rs 54.50 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 80.42 crore.

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Pokarna partially redeems zero coupon FCCBs worth USD 3.7mn

Pokarna Ltd has informed BSE that the Company has paid a negotiated price of US $ of 2.405 to redeem 3700 units constituting a total face value of US $ 3.7 million by remitting the consideration to the Bondholder in pursuance to their letter dtd. December 28, 2012. For the purpose, the Company has partially utilized funds obtained by way of External Commercial Borrowing from Union Bank of India, Hong Kong branch.Further the Company noted that, the Company had issued Zero Coupon Foreign Currency Convertible Bonds aggregating to US $ 12 million in March 2007 which was due for redemption on March 29, 2012.With the above partial redemption, Company's units' outstanding position would stand reduced to 8300 units with face value of US $ 8.3 Million.Source : BSE

Read all announcements in Pokarna Limited

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Hold Unitech with 3-6 months perspective: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should not hold SpiceJet for long time but can hold Unitech with 3-6 months perspective.

Sukhani told CNBC-TV18, "The markets are very cheerful so I do not have levels for SpiceJet specifically but I do have a time range. I do not think one should hold on to SpiceJet for a long time.

He further added, "I think the trend in Unitech is going to continue. Every dip here is a buying opportunity, momentum still favours more upside. We haven't reached overbought levels so it is a good sector to be in for the short-term trader. Unitech is likely to reach a target of Rs 40, everything else going well for it and well for the market. So I would suggest one should hold on to two-three months."

He further added, "The entire real estate sector is roaring and it is cheerful so each has their own likes and we like Indiabulls Real Estate, HDIL and Prestige Estates and DLF for the last 15 days. But that doesn't mean the other stocks are not good. It is just that we have to pick and choose. These are my choices."

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Uni Tubes approves name change

Wed, Jan 02, 2013 at 12:22

The shareholders of Uni Tubes at their EGM held on December 31, 2012 has approved unanimously change the name of the company to BAN Industries Limited and authorizing Mr Piramal Shah, Director of the company to take all action and sign all papers/documents in this regard.

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Uni Tubes approves name change

The shareholders of Uni Tubes at their EGM held on December 31, 2012 has approved unanimously change the name of the company to BAN Industries Limited and authorizing Mr Piramal Shah, Director of the company to take all action and sign all papers/documents in this regard.

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Uni Tubes approves name change

The shareholders of Uni Tubes at their EGM held on December 31, 2012 has approved unanimously change the name of the company to BAN Industries Limited and authorizing Mr Piramal Shah, Director of the company to take all action and sign all papers/documents in this regard.

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The shareholders of Uni Tubes at their EGM held on December 31, 2012 has approved unanimously change the name of the company to BAN Industries Limited and authorizing Mr Piramal Shah, Director of the company to take all action and sign all papers/documents in this regard.Source : BSE

Read all announcements in Uni-Tubes

To read the full report click here

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Oriental Bank of Commerce gains 9% in 4 consecutive days

State-controlled Oriental Bank of Commerce gained for the fourth consecutive session on Wednesday, rising 9 percent to Rs 366.50 in four days.

The bank's issue of subordinated lower Tier II bonds of Rs 10 lakh each for cash at par aggregating Rs 1000 crore with an option to retain oversubscription of upto Rs 200 crore, which opened from November 21, 2012 to November 27, 2012, was subscribed to the extent of Rs 1025 crore, according to a release on December 29th.

Yesterday the bank has reduced interest rate on home loans of up to Rs 30 lakh by 0.1 percent. Besides, the bank has also slashed margin for home loans above Rs 20 lakh to 20 per cent. For loans below Rs 20 lakh, margin will be 15 per cent.

On the deposit side, the bank has waived off penalty on premature withdrawal on its fixed deposit schemes for all maturities.

At 12:07 hours IST, the stock rose 1.5 percent to Rs 364 on the Bombay Stock Exchange.

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(With inputs from PTI)

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PREVIEW - Clarke's chances improve for Hussey's farewell

By Nick Mulvenney

SYDNEY (Reuters) - Australia skipper Michael Clarke came through a fitness test on Tuesday, indicating he will play in this week's third test against Sri Lanka and resolve at least one of the hosts' selection problems for the dead rubber match.

With an unassailable 2-0 lead in the series, Australia could have been forgiven for going into the match, which starts at the Sydney Cricket Ground on Thursday, riding on the crest of a wave of optimism for the future.

The hammer blow of Michael Hussey's retirement announcement coming so quickly after that of Ricky Ponting, though, has left them contemplating their batting resources with a test series in India and back-to-back Ashes encounters to come this year.

Sri Lanka, despite being humbled by an innings and 201 runs inside three days in the second test in Melbourne, can still hold onto the hope of claiming a first test victory in Australia on what should be the most spin-friendly of the three tracks.

Hussey announced last week that the Sydney test would be his 79th and last, and the 37-year-old's chances of going out with a bang are high if statistics are anything to go by.

"Mr Cricket", as he is affectionately nicknamed, has averaged 117.75 runs in his seven previous tests against Sri Lanka, 100 in a similar number of matches at the SCG and has scored centuries in three of his last five tests.

'BIG HOLE'

Australia might need those runs if Clarke's hamstring is not risked and he joins all rounder Shane Watson in the treatment room, leaving a batting order as low on experience as Sri Lanka's is rich in it.

Usman Khawaja remains on standby for Clarke and wicketkeeper Matthew Wade admitted there would be a lot more expectation on those players who have played fewer than 20 tests, not least the uncapped Glenn Maxwell.

"We've got to accept the responsibility," Wade told reporters this week.

"It's a big hole that's going to be out of our team but our young batters are keen and eager to learn and get better and hopefully there's another 'Mr Cricket' waiting in our top six or seven."

Mitchell Starc is certain to return to the pace bowling unit, leaving one of Mitchell Johnson (man of the match in Melbourne), Peter Siddle (ditto in the first test in Hobart) or Jackson Bird (an impressive debutant in Melbourne) to miss out.

Sri Lanka's battered and bruised tour party, by contrast, have had to call for reinforcements after injuries ruled out batsman Kumar Sangakkara and bowler Chanaka Welagedera and put serious doubt over wicketkeeper Prasanna Jayawardene and seamer Nuwan Kulasekara.

Still, batsman Thilan Samaraweera said they were still motivated by the chance of making a little bit of cricketing history.

"It was really hard to digest that defeat ... but that's the past now," batsman Thilan Samaraweera said on Monday.

"The good thing is this team has to believe they can make history if they win one test in Australia.

"That is the kind of attitude we are taking into the New Year's test."

(Editing by Peter Rutherford)

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Sharyans Resources board meeting on Jan 03, 2013

Tue, Jan 01, 2013 at 12:20

Sharyans Resources board meeting will be held on January 03, 2013, to consider preferential allotment of equity shares pursuant to the Special Resolution passed through Postal Ballot on December 19, 2012.

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Sharyans Resources board meeting on Jan 03, 2013

Sharyans Resources board meeting will be held on January 03, 2013, to consider preferential allotment of equity shares pursuant to the Special Resolution passed through Postal Ballot on December 19, 2012.

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Sharyans Resources board meeting on Jan 03, 2013

Sharyans Resources board meeting will be held on January 03, 2013, to consider preferential allotment of equity shares pursuant to the Special Resolution passed through Postal Ballot on December 19, 2012.

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Sharyans Resources Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 03, 2013, to consider preferential allotment of equity shares pursuant to the Special Resolution passed through Postal Ballot on December 19, 2012.Source : BSE

Read all announcements in Sharyans Res

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Eastcoast Steel re-appoints directors

Tue, Jan 01, 2013 at 12:25

Eastcoast Steel at its AGM held on December 29, 2012 has re-appointed Mr Prtihviraj S. Parikh, Mr Prem Ratan Damani and Mr Ojas K. Parikh as directors of the company liable to retire by rotation.

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Eastcoast Steel re-appoints directors

Eastcoast Steel at its AGM held on December 29, 2012 has re-appointed Mr Prtihviraj S. Parikh, Mr Prem Ratan Damani and Mr Ojas K. Parikh as directors of the company liable to retire by rotation.

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Eastcoast Steel re-appoints directors

Eastcoast Steel at its AGM held on December 29, 2012 has re-appointed Mr Prtihviraj S. Parikh, Mr Prem Ratan Damani and Mr Ojas K. Parikh as directors of the company liable to retire by rotation.

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Eastcoast Steel at its AGM held on December 29, 2012 has re-appointed Mr Prtihviraj S. Parikh, Mr Prem Ratan Damani and Mr Ojas K. Parikh as directors of the company liable to retire by rotation.Source : BSE

Read all announcements in East Coast Stee

To read the full report click here

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IndusInd Bank gains 1.5% on Motilal Oswal buy report

Private sector lender IndusInd Bank gained as much as 1.5 percent to touch an intraday high of rs 421 on Monday as Motilal Oswal has recommended a buy rating on the stock with a target price of Rs 500 .

According to the research report, strong capitalisation, healthy business growth, margin expansion and healthy asset quality outlook are the key positives for the stock.

Motilal Oswal has upgraded the bank's earnings per share for FY14 by 8 percent to factor in higher margins.

"IndusInd continues to enjoy strong growth (35 percent+ CAGR over last three years) and superior asset quality (gross non-performing asset of 0.8 percent) in CV loans (24 percent of total book), despite sector slowdown. The underlying success factors are: (1) strong credit appraisal, (2) high repeat business, and (3) focus on the lower-stress SRTO segment (small road transport operators). In corporate loans segment, IIB's asset quality is helped by (1) diversified loan book, and (2) low proportion of term/unsecured loans. Management is confident of maintaining healthy loan growth of 25-30% and superior asset quality (which would keep credit cost under control)," the report says.
 
At 11:59 hours IST, the stock rose 0.81 percent to Rs 418.25 on the Bombay Stock Exchange.

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