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Cox & Kings soars on day one of listing
Travel and tour company Cox & Kings (India) made an impressive debut on bourses today. The stock closed 30 per cent up at Rs 426.05 on the Bombay Stock Exchange (BSE) as against the initial public offer (IPO) price of Rs 330. On the National Stock Exchange (NSE), the stock closed at Rs 430.

Sun TV rejigs its distribution biz
Sun TV Network is planning to restructure its distribution business and team with a creation of two verticals — South India operations and International business and the second would focus on expanding Sun TV bouquet into the north, west and eastern markets of India.

News of the day

Orissa pins hope on TFC grant to improve power infrastructure
The Orissa government has sought Rs 5,000 crore grant from the Thirteenth Finance Commission (TFC) to upgrade its power infrastructure.
Public Relations

Alok rises on Dawn Mills deal

Alok Industries closed at Rs 22, higher by Rs 1 or 5%, on the BSE. - Paa proves a triumph for the Bachchans - Alok to wind up realty foray - Alok Retail zeroes in PE firm, to seal deal by Dec-end - Realty may see consolidation: Ficci - Dubai"s Nakheel demands halt on bonds trading - Realty stocks bounce back The stock saw trading volumes of 5,651,725 shares as against the 2-week average of 1,317,621 shares. __________________________________________________________________ (Updated at 1057 am) Alok Industries has moved up after deciding to withdraw from the realty segment by 2012 and concentrate on its core textile business. The stock is trading at Rs 21, higher by 1%, on the BSE. Alok Infrastructure, the wholly-owned subsidiary of Alok Industries, had inked a Rs 1,075-crore deal with the Ashok Piramal group"s Peninsula Land for the Dawn Mills at Lower Parel in Mumbai in 2007. With 5 per cent stamp duty and other charges, the deal size inched close to Rs 1,200 crore. The company wants to bring back the investment made in realty to partly pay its existing debt of around Rs 7,000 crore.


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