Coal India is Gold India

NEW DELHI: The government on Sunday advised investors to stay put with Coal India Ltd to multiply their fortunes and compared the strengths of the company with gold, which is considered the best long-term bet to create wealth.

"Coal India is actually Gold India for the investor community, stay with it," Coal Minister Sriprakash Jaiswal told PTI, after witnessing a 43 per cent rise in shares of the company within 2 days of its debut on the bourses.

The world's largest coal producer, Coal India Ltd (CIL), made a handsome debut on the bourses and ended the week up 43 per cent at Rs 349.65 a share on the Bombay Stock Exchange as against the issue price of Rs 245 a share.

"It's a Diwali gift from Coal India Ltd to the investor community across the globe," Jaiswal said on the rise in CIL's share price in just two trading sessions.

Analysts are upbeat on the future of the company and are upping their closing price estimates for the end of each successive trading session.

It was earlier predicted that the company will touch a peak of Rs 325 a share on debut. Later, analysts said that the company would touch Rs 350 mark during the muhurat trading on Diwali. Coal India, however, made an intra-day high of 357.60 a share on the BSE before the last week's close.

According to the minister, the coal major has strong fundamentals and the investor community is aware of its bullish future. Before making the block buster debut in the stock markets, CIL generated Rs 15,200 crore for the government in the 4-day IPO, concluded last month. The government sold 10 per cent stake in its wholly-owned coal company through the Initial Public Offer.

"Besides reaping profit by investing in CIL, an investor who participated in the IPO also served the nation, as Rs 15,200 crore proceeds of the public offer would be used in development activities," Jaiswal said.

With a total market capitalisation of Rs 2.20 lakh crore, state-run coal behemoth is presently the country's fourth most valuable firm and is behind Reliance Industries Ltd (which tops the list of 10 most valuable firms), ONGC (at the second spot) followed by the State Bank of India .

Coal India is Gold India

NEW DELHI: The government on Sunday advised investors to stay put with Coal India Ltd to multiply their fortunes and compared the strengths of the company with gold, which is considered the best long-term bet to create wealth.

"Coal India is actually Gold India for the investor community, stay with it," Coal Minister Sriprakash Jaiswal told PTI, after witnessing a 43 per cent rise in shares of the company within 2 days of its debut on the bourses.

The world's largest coal producer, Coal India Ltd (CIL), made a handsome debut on the bourses and ended the week up 43 per cent at Rs 349.65 a share on the Bombay Stock Exchange as against the issue price of Rs 245 a share.

"It's a Diwali gift from Coal India Ltd to the investor community across the globe," Jaiswal said on the rise in CIL's share price in just two trading sessions.

Analysts are upbeat on the future of the company and are upping their closing price estimates for the end of each successive trading session.

It was earlier predicted that the company will touch a peak of Rs 325 a share on debut. Later, analysts said that the company would touch Rs 350 mark during the muhurat trading on Diwali. Coal India, however, made an intra-day high of 357.60 a share on the BSE before the last week's close.

According to the minister, the coal major has strong fundamentals and the investor community is aware of its bullish future. Before making the block buster debut in the stock markets, CIL generated Rs 15,200 core for the government in the 4-day IPO, concluded last month. The government sold 10 per cent stake in its wholly-owned coal company through the Initial Public Offer.

"Besides reaping profit by investing in CIL, an investor who participated in the IPO also served the nation, as Rs 15,200 crore proceeds of the public offer would be used in development activities," Jaiswal said.

With a total market capitalization of Rs 2.20 lakh core, state-run coal behemoth is presently the country's fourth most valuable firm and is behind Reliance Industries Ltd (which tops the list of 10 most valuable firms), ONGC (at the second spot) followed by the State Bank of India .

UGC NET going to be held on December 26 : on line Application

The National Eligibility Test (NET) is going to be held on December 26. The UGC (University Grants Commission) recently announced the exam date. The NET is conducted on national level for selecting candidates for JRF (Junior Research Fellowship) and eligibility for lectureship in India.

Today, October 25, 2010 is the last date of online registration for the UGC NET. The interested candidates should register themselves at the earliest to avoid last minute rush.

To apply online, candidates should click on the link below.

• http://www.ugc.ac.in/

• www.ugc.ac.in

According to the information shared by UGC, a few months ago, no negative marking is going to be there in Paper-I and Paper-II from this year onwards.

N.B. The official website of University Grant Commission’s (UGC) National Eligibility Test (NET) may not responding, leading to major difficulties for the candidates who are trying to get registered online for UGC NET Dec 2010 examination.

Keep trying to log on to website http://www.ugcnetonline.in/ after some time.

• Important Instruction of on-line Application

The Online Application for NET/JRF makes it easy for students, seeking to participate in the test. The last date of filling-up the online application form is October 25, 2010.

The last date for receiving the print out of online application form, attendance slip and admission card at the respective test centres (with fee receipt & category certificate(s) is November 11, 2010.

The UGC has mentioned all the steps involved in online regitration for JRF and NET. Here are the steps to registration for NET:

1. Before you move on with online registration, you are advised to download and read the notification of NET at www.ugcnetonline.in/notification.php

2. Thereafter candidates need to scan their passport size photograph in JPEG format. (less than 300kb wight)

3. At the time of uploading the photograph, please re-check that you are uploading the right size photograph.

4. You need to download the Bank Challan at http://www.ugcnetonline.in/bank_challan.pdf and print it and deposit the required (application fee is different for various categories of candidates) application fee at nearest branch of State Bank of India. (You are advised to note down the SBI Branch Name, Branch Code, Journal No. and Deposit Date)

Category VH PH Fee Required (In Rs.) 110 110

GEN OBC SC ST 450 225 110 110

Note down the Branch Name, Branch Code, Journal No. and Deposit Date.

5. After depositing the required fee at SBI, please click on the Apply Here button.

6. It is advised that you note down the Roll Number for future reference and to download application form (filled) and other important documents, after submitting the form.

7. After filling the online application is required to take printout of the online application form (2 copies), attendance slip and admission card on separate A-4 size papers and paste his/her recent passport sized photograph, put his/her signature at the required space, attach attested copy of SC/ST/OBC (Non-creamy layer)/Ph/VH certificate and send the same with UGC marked copy of bank challan to the coordinator of the UGC test centre from where the candidate has opted to appear for the test. In case the printout of online application form (2 copies) along with the required documents does not reach the test centre on or before November 1, 2010, the candidature of the applicant shall be rejected even if he/she has submitted to UGC.

The printout of the online application form (2 copies), attendance slip and admission card should be submitted to Prof. V.K. Walia, coordinator, UGC-NET, department of zoology, Panjab University. The office will remain open from 9.00 am to 5 pm on all working days. The candidates must go through the guidelines as laid down by UGC for eligibility and filling the application forms. For more details, the candidates may see website: www.ugc.ac.in.