Padmalaya Telefilms likely to be listed by third week of July
Hyderabad-based Padmalaya Telefilms is likely to be listed on the bourses by third week of July. The company will be listed on the stock exchanges of Hyderabad and Mumbai on either July 17 or July 24, said a top official of Padmalaya Telefilms.

Tele Data's initial offer at a priceof Rs 25 opens on July 20
Chennai-based Tele Data Informatics is charging a premium of Rs 15 for its IPO of 25 lakh equity shares. The company is picking up 1% stake in US company 24x7find.com Inc. The Rs 6.25-crore initial public offer is opening on July 20 and closes on July 24.

ALL -- Outlook to improve for short-term player
The Ashok Leyland stock had touched a 52-week low of Rs 55.5 last week. Nothing but a negative perception for the automobile sector in the medium-term seems to be the prime reason for this decline. As far as the performance for March 2000 is concerned, the results have been impressive.


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