Stockbroker Ketan Parekh in major stock market scam

A major stock market scam involving big players such as tainted stockbroker Ketan Parekh (KP), apparently banned from trading on the bourses till 2017 by securities market regulator SEBI, has been exposed by the Intelligence Bureau (IB), according to a report by India Today.  

It further says the damaging IB report, submitted to the top officials of the government, suggests that KP and his associates are driving up share prices through the creation of false volumes.

The IB report names companies like Dewan Housing, Goenka Diamond, Orchid Chemical, IVRCL, Pantaloon, TBZ IPO and GMR Infra as targeted by the KP and associates.

Goenka Diamond and Jewels touched an intraday high of Rs 191.35 and an intraday low of Rs 161.65. At 09:20 hrs the share was quoting at Rs 161.65, down Rs 40.40, or 20%. There were pending sell orders of 42,758 shares, with no buyers available. It was trading with volumes of 4,015 shares.

Dewan Housing Finance Corporation touched an intraday high of Rs 177.40 and an intraday low of Rs 169.20. At 09:21 hrs the share was quoting at Rs 173.00, down Rs 9.90, or 5.41%. It was trading with volumes of 12,683 shares.

GMR Infrastructure touched an intraday high of Rs 26.00 and an intraday low of Rs 25.10. At 09:21 hrs the share was quoting at Rs 25.20, down Re 1, or 3.82%. It was trading with volumes of 63,382 shares.

Tribhovandas Bhimji Zaveri touched an intraday high of Rs 118.00 and an intraday low of Rs 112.75. At 09:21 hrs the share was quoting at Rs 113.00, down Rs 6.10, or 5.12%. It was trading with volumes of 22,918 shares.

Pantaloon Retail touched an intraday high of Rs 192.10 and an intraday low of Rs 182.95. At 09:21 hrs the share was quoting at Rs 185.85, down Rs 6.15, or 3.20%. It was trading with volumes of 75,725 shares.

IVRCL touched an intraday high of Rs 52.50 and an intraday low of Rs 51.10. At 09:21 hrs the share was quoting at Rs 51.15, down Rs 1.85, or 3.49%. It was trading with volumes of 77,532 shares.

Orchid Chemicals and Pharmaceuticals touched an intraday high of Rs 124.10 and an intraday low of Rs 118. At 09:21 hrs the share was quoting at Rs 121.00, down Rs 4.35, or 3.47%. It was trading with volumes of 82,453 shares.

Vedanta eyes minor stake in a new India refinery

London-based Vedanta Resources is keen on buying a minority stake in an oil refinery planned in Rajasthan, the Hindustan Times reported on Sunday citing a government statement.

The refinery coming up at Barmer will have an annual capacity of 9 million tonnes and is expected to cost about 200 billion rupees, the report said.

Vedanta founder Anil Agarwal met Ashok Gehlot, the chief minister of Rajasthan state, in New Delhi on Friday, it said.

"Vedanta will support the refinery by having a small stake in the project," the paper quoted a state government statement.

State-run Hindustan Petroleum Corp and Oil and Natural Gas Corp are expected to hold 51% and 26% stake respectively, the report said.

Last year, Vedanta paid USD 8.7 billion deal to acquire a controlling stake in Cairn Energy's India unit , which operates oil fields in Rajasthan state.

Internet blackout Monday

Internet users across the world have been warned that if they have the "Alureon/ DNS Changer bot" virus on their computers, they will lose their Internet connections July 9.

The virus "spoofs" popular websites in an attempt to steal personal information.

The software found its way into thousands of computers worldwide last year. It redirect users away from trusted websites, towards spoof websites in a bid to steal financial and personal information.

When the attack was noticed, the FBI routed infected machines through its server to stop the attacks. But the servers will be taken down July 9. When this happens, computers still infected are likely to lose their internet connection without warning.

Multiple websites have been setup to check if your computer is infected. One of them is DNS Changer Check-Up (for list of other websites click here). Simply visit the website and if you see green colour, your computer is clean.

Gangs Of Wasseypur - Part II' to release Aug 8

Mumbai, July 5 (IANS) The mystery surrounding the release of the second part of gritty thriller "Gangs Of Wasseypur" has been revealed -- the movie will hit screens Aug 8, which happens to be a Wednesday.

"For all those asking and also those not asking but are eager to know #GOW2 will release on 8th August," tweeted Kashyap.

"Sunn toh liya hai aapne ab apni aankhon se dekh bhi lo (You've heard it, now see it too)," he added with a mini-poster that reads "'Gangs Of Wasseypur' releasing 8th August, 2012".

The movie is an extension of "Gangs of Wasseypur", which released June 22 to much critical acclaim and also turned out to be a box office bonanza.

Earlier, the release date of the second part wasn't announced.

Both the parts were screened at 65th Cannes International Film Festival, and were applauded by international film aficianados.

The first part narrates the story of Sardar Khan and Ramadir Singh, based on the real life story of Shafi Khan and Surya Dev Singh, both of whom were rivals and are no longer alive.

Part two of the movie is essentially the story of Sardar Khan's son Faisal Khan, who is Faheem Khan in real life. Faheem Khan is alive and in the Dhanbad jail currently.

According to insiders, the makers of the film wanted to sort out all possible issues which could act as a roadblock, before announcing the release date.

Acacia Banyan buys 24.48 lakh shares of Dena Bank

On July 05, 2012 Acacia Banyan Partners bought 2,448,700 shares of Dena Bank at Rs 98.45 on the BSE.

However, Acacia Partners L.P sold 2,448,700 shares at Rs 98.45.

Dena Bank touched a 52-week high of Rs 104. At 09:34 hrs the share was quoting at Rs 102.85, up Rs 1.10, or 1.08%. 
 
It was trading with volumes of 222,617 shares. In the previous trading session, the share closed up 3.14% or Rs 3.10 at Rs 101.75.