Bharti Airtel (consolidated) net surges 87.04% in Sep`07 qtr
Bharti Airtel, India`s top telecom operator, on consolidated basis posted 87.04% growth in net profit to Rs 16,437.60 million for the quarter ended Sep. 30, 2007 as against Rs 8,788.40 million in the corresponding quarter last year.
Total Income grew 46.38% to Rs 63,867.30 million for the quarter ended Sep. 30, 2007. The company reported better-then-expected growth in standalone net profit at Rs 16,191.50 million for the September 2007 quarter as compared with Rs 8,883.50 million in the corresponding quarter last year, a rise of 82.26%,
Net sales in the quarter grew 44.94% to Rs 60,598.90 million as compared with Rs 41,809.10 for the quarter ended September 2006.Total Income in the quarter also grew 45.23% to Rs 61,185.30 million from Rs 42,129.80 million for the quarter ended September 2006.
Central Bank of India net at Rs 2.2 bn for Sep`07 qtr
Newly-listed public sector lender Central Bank of India (Q, N,C,F)* reported a net profit of Rs 2,219.50 million for the second quarter ended Sep. 30, 2007
Aarvee Denims` net down 45.49% for Sep`07 qtr
Pyramid Saimira net flops 5.59% (Q-o-Q)
Pyramid Saimira Theatres announced 5.59% drop in net profit to Rs 151.13 million for the quarter ended September 2007, as compared to a Rs 160.08 million in the June 2007 quarter.Total Income rose 19.25% to Rs 1,465.05 million for the quarter ended September 2007, where as the same was at Rs1,228.51 million for the quarter ended June 2007.
Bank of Baroda net rises 13.46% in Sep`07 qtr
Bank of Baroda a public sector bank announced a 13.46% rise in net profit to Rs 3271.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 2883.60 million for the quarter ended Sep. 30, 2006. Total Income has increased 32.94% to Rs 33,338.30 million for the quarter ended September, 2007 from Rs 25076.60 million for the quarter ended September, 2006.
CESC Q2 net profit up 35%
CESC Ltd's July-September net profit rose 35 per cent to Rs 93 crore compared with Rs 69 crore in the same quarter of previous year. Total income increased 9 per cent to Rs 756 crore from Rs 696 crore year ago. At 12:35 pm, CESC shares were up 1.62 per cent at Rs 587.20 on BSE
Era Infra net vaults 51% in Q2 31
Era Infra Engineering announced a 50.98% jump in net profit at Rs 247.19 million for the quarter ended September 2007, as compared to Rs 163.72 million for the quarter ended September 2006. Total Income increased 61.07% to Rs 2,653.30 million for the quarter ended September 2007, from Rs 1,647.29 million, for the same quarter last year.
Bombay Rayon net jumps 2.7 times in Q2
Bombay Rayon announced a 2.77 times rise in net profit to Rs 306.78 million for the quarter ended September 2007, as compared to Rs 110.76 million for the corresponding quarter, last year.Total Income rose 2.24 times to Rs 2,340.58 million for the quarter ended September 2007, where as the same was at Rs 1,045.40 million for the quarter ended September 2006.
MSK Projects net rises 40% in Q2
MSK Projects announced a 39.93% jump in net profit at Rs 24.11 million for the quarter ended September 2007, as compared to Rs 17.23 million for the quarter ended September 2006. Total Income increased 98.48% to Rs 495.43 million for the quarter ended September 2007, from Rs 249.61 million, for the same quarter last year.
Centurion Bank of Punjab net up 33% in Sep`07 qtr
Centurion Bank of Punjab, a private-sector bank announced 33.76% rise in net profit to Rs 416.40 million for the quarter ended September 2007 as compared to Rs 311.30 million for the quarter ended September 2006. Total Income rose 85.16% to Rs 6,944.40 million for the quarter ended September 2007 where as the same was at Rs 3750.30 million for the quarter ended September 2006
Su-raj Diamonds net up 33.37% in Sep`07 qtr
Asian Electronics` net up 2.99 times for Sep`07 qtr 31
Asian Electronics registered 2.99 times growth in net profit to Rs 298.20 million for the quarter ended Sep. 30, 2007, from Rs 99.50 million in the corresponding quarter last fiscal.
Net sales stood at Rs 966.10 million in the quarter ended Sep. 30, 2007, as against Rs 593.60 million in the same period last year, recording a growth of 62.75%.
Puravankara Projects net up 51.17% in Sep`07 qtr
Puravankara Projects registered a 51.17% growth in net profit to Rs 538.81 million for the quarter ended September 2007, as against Rs 356.42 million for the quarter ended June 2007.
Net sales rose 17.11% to Rs 1,410.08 million in the quarter ended September 2007, from Rs 1,204.06 million for the quarter ended June 2007.
Tata Teleservices registers loss at Rs 777.20 in HY-Sep` 07
Tata Teleservices Maharashtra (TTML) registered net loss of Rs 777.20 million for the half-year ended September 2007.Net sales stood at Rs 8,117.10 million in the half-year ended September 2007.Total income of Rs 8,365.20 million was recorded for the half-year ended September 2007.
Indus Fila net up 41.22% in Sep` 07 qtr (Q-o-Q)
Indus Fila registered a 41.22% growth in net profit to Rs 115.86 million for the quarter ended September 2007, as against Rs 82.04 million for the quarter ended June 2007.Net sales rose 35.66% to Rs 1,169.24 million in the quarter ended September 2007, from Rs 861.87 million for the quarter ended June 2007
JB Chemicals` net up 1.18% for Sep`07 qtr
Aventis Pharma Q3 net falls 31.60%
Chennai Petroleum`s net up 2.37 times for Sep`07 qtr
Vipul Q2 net jumps over two-fold at Rs 12 cr 31 Oct, 2007, 1916 hrs IST
Vipul Ltd on Wednesday reported a more than two-fold jump in its net profit at Rs 11.99 crore.
HMT Q2 net loss Rs 3.24 cr vs net profit Rs 88.09 cr 31 Oct, 2007, 1800 hrs IST
HMT Ltd posted a net loss of Rs 3.24 crore for the quarter ended September 2007 against a net profit of Rs 88.09 crore in the same quarter of the previous year.
Max India Q2 up 104 pc
Max India Ltd on Tuesday reported a jump of over 104 per cent in its consolidated operating profit at Rs 227 crore for the quarter ended September 30, as compared to Rs 111 crore in the same period last year.
ONGC Q2 net profit rises 22%
Oil & Natural Gas Corporation's net profit rose 22.12 per cent to Rs 5, 097.48 crore for the quarter ended September 30, 2007 compared with Rs 4,173.98 crore in the same quarter a year ago.
Spice exports up 29% at Rs 2,100 cr
IOC Q2 net rises 32% to Rs 3,818 cr
Bank of Baroda Jul-Sep net profit up 14%
Canara Bank Q2 net profit up 11%
Aurobindo Jul-Sept net Rs 62.06 crore
Neyveli Lignite Q2 net profit up 41%
Usha Martin's net profit rises 49 pc
Rei Agro net up 74% NEW DELHI: Rei Agro has reported 74.2% increase in net profit for the quarter ending September’07. Net profit for the diversified company having exposure into basmati rice, retailing and power rose to Rs 29.23 crore compared to Rs 16.77 crore in the corresponding period last year. Income from operations increased 91.78% to touch Rs 460.73 crore during the quarter.
Aditya Birla Nuvo Q2 cons net profit at Rs 48 crore
31st-Oct-2007Aditya Birla Nuvo has declared its second quarter results. Its Q2 consolidated net profit was at Rs 48 crore versus Rs 76 crore.
Bongaigoan Refinery Q2 net profit up at Rs 113.23 cr
31st-Oct-2007
Bongaigoan Refinery in Q2 FY08 has posted net profit of Rs 113.23 cr versus Rs 50.29 crore, up 125% on YoY basis. During the same period, its net sales were at Rs 1383.2 crore versus Rs 1754.89 crore, down 21%.
TV18 Q2 cons net profit at Rs 11.44 cr
31st-Oct-2007
Television Eighteen has announced its second quarter numbers. It has posted consolidated net profit of Rs 11.44 crore for the quarter ended September 2007 as against Rs 4.46 crore in previous quarter.
GBN Q2 net loss at Rs 5.81 cr
31st-Oct-2007
Global Broadcast News (GBN) has announced its second quarter numbers. It has posted net loss of Rs 5.81 crore for the quarter ended September 2007 as against Rs 12.59 crore in same quarter of last year and Rs 3.49 crore in previous quarter.
IVR Prime Q2 net profit up at Rs 15.9 crore
31st-Oct-2007
IVR Prime has declared its second quarter results. Its Q2 net profit was at Rs 15.9 crore versus Rs 1.5 crore, QoQ.
Indraprastha Gas Q2 net profit up at Rs 42.8 cr
31st-Oct-2007
Indraprastha Gas in Q2 FY08 has reported net profit of Rs 42.8 cr Vs Rs 34.8 cr, YoY. During the corresponding quarters, its net sales were up at Rs 174 crore versus Rs 154.2 crore.
Indraprastha Gas Q2 net profit up at Rs 42.8 cr
31st-Oct-2007
Indraprastha Gas in Q2 FY08 has reported net profit of Rs 42.8 cr Vs Rs 34.8 cr, YoY. During the corresponding quarters, its net sales were up at Rs 174 crore versus Rs 154.2 crore.
Gammon Q2 net profit at Rs 17.1 cr
31st-Oct-2007
Gammon in Q2 FY08 has repoerted standalone net profit of Rs 17.1 crore versus Rs 26.2 crore, YoY. During the corresponding quarters, its net sales were up at Rs 460.3 crore versus Rs 378.4 crore.
AIA Engg Q2 cons net profit at Rs 27.3 cr
31st-Oct-2007
AIA Engineering has come out with second quarter numbers. It has posted consolidated net profit of Rs 27.3 crore for the quarter ended September 2007 as against Rs 24.1 crore in same quarter of last year.
Amtek Auto Sep qtr net profit up at Rs 63.9 cr
31st-Oct-2007
Amtek Auto in Q1 FY08 has reported net sales of Rs 311.7 crore versus Rs 236.3 crore, YoY. During the corresponding quarters, its net profit was up at Rs 63.8 crore versus Rs 50.9 crore, YoY.
McLeod Russel Q2 net profit at Rs 89 cr
31st-Oct-2007
McLeod Russel has declared its second quarter reuslts. The company's Q2 net profit was at Rs 89 crore (Rs 890 million) from Rs 100 crore (Rs 10 billion).
SpiceJet Q2 net loss at Rs 37.8 crore
31st-Oct-2007
SpiceJet has declared its second quarter results. Its Q2 net loss was at Rs 37.8 crore versus Rs 31.9 crore.
Everonn Systems Q2 net profit at Rs 2.58 crore
31st-Oct-2007
Everonn Systems has declared its second quarter results. Its Q2 consolidated net profit was at Rs 2.58 crore.
Varun Shipping Q2 net profit at Rs 57.64 crore
31st-Oct-2007
Varun Shipping has declared its second quarter results. Its Q2 net profit was at Rs 57.64 crore versus Rs 45.52 crore.
Asian Electronics Q2 net profit up at Rs 29.82 crore
31st-Oct-2007
Asian Electronics has declared its second quarter results. Its Q2 net profit was at Rs 29.82 crore versus Rs 9.95 crore.
BL Kashyap Q2 net profit at Rs 27 cr
31st-Oct-2007
BL Kashyap has announced its second quarter numbers. It has posted net profit of Rs 27 crore for the quarter ended September 2007 as against Rs 10 crore in same quarter of last year.
Ashapura Minechem Q2 net profit at Rs 39 cr
31st-Oct-2007
Ashapura Minechem has come out with second quarter numbers. It has posted net profit of Rs 39 crore for the quarter ended September 2007 as against Rs 17 crore in same quarter of last year.
Pyramid Saimira Q2 net profit at Rs 15.11 cr
31st-Oct-2007
Pyramid Saimira has come out with second quarter numbers. It has posted net profit of Rs 15.11 crore for the quarter ended September 2007 as against Rs 16 crore in previous quarter.
Patni Q3 cons net profit at Rs 99.3 cr
31st-Oct-2007
Patni Computer has announced its third quarter numbers. It has posted consolidated net profit of Rs 99.3 crore for the quarter ended September 2007 as against Rs 147.9 crore in previous quarter.
Matrix Labs Q2 net loss at Rs 9.9 cr
31st-Oct-2007
Matrix Labs in Q2 has posted consolidated net sales of Rs 376.4 crore versus Rs 373.2 crore on YoY basis. During the corresponding quarters, its net loss of Rs 9.9 crore versus net profit of Rs 15.9 crore.
Bombay Rayon Q2 net profit up at Rs 30.7 cr
31st-Oct-2007
Bombay Rayon in Q2 FY08 has reported net profit of Rs 30.7 crore versus Rs 11.1 crore, YoY. During the corresponding quarters, its net sales were at Rs 224.6 cr versus Rs 103.3 cr.
Sesa Goa Q2 net profit at Rs 82.13 cr
31st-Oct-2007
Sesa Goa has declared its second quarter earnings. It has posted net profit of Rs 82.13 crore for the quarter ended September 2007 versus Rs 25.66 crore in corresponding quarter of last year, a growth of 220%.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
31 October 2007
Results: RCom, HindalCo, Tata Motors, HUL etc
Reliance Comm (cons.) net up 86% in Q2 (Update)
Reliance Communications on a consolidated basis posted a 85.75% jump in net profit at Rs 13045.70 million for the quarter ended September 2007, as compared to Rs 7,023.40 million for the same quarter last year.Total Income increased 29.85% to Rs 45,785.30 million for the quarter ended September 2007, as against Rs 35259.80 million for the corresponding quarter of the previous year.
Reliance Communications, on a standalone basis posted 73.53% rise in profit of Rs 8,012.40 million for the quarter ended September 2007, as compared to Rs 4617.20 million for the quarter ended September 2006.
Net Sales rose to Rs 33,283.90 million for the quarter as compared to Rs 28,231.90 million a year ago.Total Income increased 17.28% to Rs 33,292.10 million for the quarter ended September 2007 from Rs 28387.20 million for the quarter ended September 2006.The diluted EPS stood at Rs 3.71 for the quarter.
STC net dips 41.57% in Sep`07 qtr
State Trading Corporation of India reported 41.57% decline in net profit to Rs 106.10 million for the quarter ended September 2007, as against Rs 181.60 million for the quarter ended September 2006.Net sales declined 1.74% to Rs 35,333.90 million in the quarter ended September 2007, from Rs 35,961.80 million for the quarter ended September 2006.
Aditya Birla Nuvo net up 2.08% in Sep`07 qtr
Bombay Dyeing Q2 earnings jumps 39.28%
substantial growth of 39.28% in net profit for the quarter ended September 2007, paced by strong sales growth together with 186 basis points increase in operating margins. During the quarter, the company saw a rise in net profit to Rs 142.9 million from Rs 102.6 million in the same quarter of the previous year. Earnings per share for the quarter jumped 39.10% Rs 3.7 compared with the same quarter previous year,
Tata Motors net up 19.27% for Sep`07 qtr
Tata Motors, top passenger car maker, reported better-then-expected 19.27% growth in net profit at Rs 5,268.40 million for the September 2007 quarter as compared with Rs 4,417.20 million in the corresponding quarter last year.
Net sales for the quarter stood almost flat at Rs 66,726.50 million, as compared with Rs 65,717.90 for the quarter ended September 2006
Canara Bank Q2 earnings climb 11%
profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 4,015.7 million from Rs 3,617.7 million in the same quarter of the previous year. Earnings per share for the quarter fell marginally by 0.34% Rs 8.79 compared with the same quarter previous year.
Sterling Biotech net up 36.76% in Sep`07 qtr
Sterling Biotech registered a robust growth of 36.76% in net profit to Rs 498.32 million for the quarter ended September 2007 as compared with Rs 364.36 million for the corresponding quarter last year.Net sales for the quarter rose 54.35% to Rs 2,484.56 million as against Rs 1,609.69 million for the same quarter a year ago.
Essar Steel Q2 net falls marginally by 1.51%
Essar Steel registered a marginal fall of 1.51% in net profit for the quarter ended September 2007, due to 171 basis points fall in operating margin.During the quarter, the company saw a fall in net profit to Rs 1,520.10 million from Rs 1,543.40 million in the same quarter of the previous year. Earnings per share for the quarter fell 28.26% Rs 1.32 compared with the same quarter previous year.
Prithvi Information Q2 earnings climb 21.67% 31
Prithvi Information Solutions registered a growth of 21.67% in net profit for the quarter ended September 2007, helped by robust sales growth. During the quarter, the company saw a rise in net profit to Rs 269.54 million from Rs 221.54 million in the same quarter of the previous year. The company posted diluted earnings per share of Rs 12.03 in the quarter ended September 2007.
Mirc Electronics`net up 6.84% Sep`07 qtr
Nagarjuna Cons. net down 14.45% in Q2
Nagarjuna Construction posted a 14.45% drop in net profit at Rs 336.50 million for the quarter ended September 2007 as compared to Rs 393.35 million for the quarter ended September 2006. Total Income increased 3.81% to Rs 6,775.30 million for the quarter ended September 2007, from Rs 6,526.39 million for the quarter ended September 2006.
IVRCL net up 2.26 times in Sep`07 qtr
substantial 2.26 times growth in net profit to Rs 352.51 million for the quarter ended September 2007 as compared with Rs 155.67 million for the corresponding quarter last year.
Net sales for the quarter rose 87.89% to Rs 6,884.54 million, as against Rs 3,664.13 million for the same quarter a year ago.
Power Grid reports Q2 earnings of Rs 3,712.20 mn
Newly listed India`s biggest power transmission company, Power Grid Corporation of India based in New Delhi reported a net profit of Rs 3,712.20 million in the quarter ended September 07. The total income of the company was Rs 11,081 million for the quarter ended Sep. 30, 2007.Power Grid operates most of India`s interstate and inter-regional electric power transmission system (ISTS). It operates 61,875 circuit kilometres of electrical transmission lines and 106 electrical substations as on Jun. 30, 2007. In fiscal 2007, it transmitted nearly 298 billion units of electricity, representing nearly 45% of all the power generated in India. It has completed 101 transmission projects aggregating nearly Rs 251.81 billion. Presently, it has 45 transmission projects under various stages of implementation as on Jun. 30, 2007.
Hyderabad Ind net up 68.5% in Q2
Hyderabad Industries posted a 68.57% rise in net profit at Rs 11.80 million for the quarter ended September 2007 as compared to Rs 7.00 million for the quarter ended September 2006. Total Income increased 6.89% to Rs 949.80 million for the quarter ended September 2007, from Rs 1,015.30 million for the quarter ended September 2006.
HUL Q3 earnings fall 21.6% (Update)
BPCL net down 17.50% in Sep`07 qtr
Neyveli Lignite net up 41% in Q2 (Update)
Neyveli Lignite posted a 40.98% rise in net profit at Rs 2,310.40 million for the quarter ended September 2007 as compared to Rs 1,638.80 million for the quarter ended September 2006.
Total Income has increased 20.19% to Rs 8820.80 million for the quarter ended September 2007, from Rs 7339.00 million for the quarter ended September 2006.
Net Sales rose to Rs 7,277.70 million for the quarter as compared to Rs 6,079.20 million a year ago.
Usha Martin Q2 net zooms 51.18%
Usha Martin, a leading producer of speciality steel and one of the largest wire rope manufacturers globally, registered a robust growth of 51.18% in net profit for the quarter ended September 2007.During the quarter, the company saw a rise in net profit to Rs 358.60 million from Rs 237.20 million in the same quarter of the previous year. Earnings per share for the quarter dropped 73.32% Rs 1.43 compared with the same quarter previous year.
HTMT Global net rises 25% in Sep`07
MTNL net falls 13.77% in Sep`07 qtr
VSNL Q2 net drops 42.59%
Birla Corp. net up 52.69% in Sep`07 qtr
Birla Corporation registered a robust 52.69% growth in net profit to Rs 1,031.30 million for the quarter ended September 2007 as compared with Rs 675.40 million for the corresponding quarter last year.
Aurobindo Pharma net climbs 84% for Sep`07 qtr
Hyderabad-based Aurobindo Pharma, (Q, N,C,F)* leading API manufacturer, posted a robust 84.70% growth in net profit to Rs 1,009.20 million for the September 2007 quarter as compared with Rs 546.40 million in the corresponding quarter last year.
Net sales for the quarter grew 27.41% to Rs 6,116.00 million, as compared with Rs 4,800 for the quarter ended September 2006.
Hindalco Q2 net rises 7.56%
Leading manufacturer of aluminium and copper, Hindalco Industries registered a marginal growth of 7.56% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 6,428 million from Rs 5,976 million in the same quarter of the previous year. Earnings per share for the quarter fell 4.62% Rs 5.78 compared with the same quarter previous year
Videocon Industries net up 19.03% in Sep`07 qtr
Videocon Industries registered a 19.03% growth in net profit to Rs 2,482.30 million for the quarter ended September 2007, as against Rs 2,085.40 million for the same quarter, a year ago.
Net sales rose 10.56% to Rs 22,753.80 million in the quarter, from Rs 20,581.10 million for the same quarter, last year.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
30 October 2007
VC,PE Updates
VCcircle.com
Diagnostic Equipment Company Trivitron Raises $11M From HSBC PE, ePlanet Ventures
JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M
Maruti MD Jagdish Khattar To Become An Entrepreneur
Mundra Port and Special Economic Zone To Raise $450M From IPO
Ocimum Bio Buys Gene Logic’s Genomic Business For $10 Million
Orissa Parliamentarian’s Company Ortel Plans To Raise Rs 200 Crore Private Equity
Amit Burman To Set Up Quick Service Food Retail Business
Valecha Infrastructure To Raise $25 Million
M&A Roundup: Abhishek Auto, Deepak Roy, id8 Labs
PTC Financial Services To Get Rs 120 Crore From Goldman Sachs, Macquarie Bank
Genpact Has Reportedly Snagged Citigroup BPO
New York Investment Bank Jefferies Enters India; Sets Up Rep Office In New Delhi
Sequoia Capital India Invests $6.25 Million In Printo Document Services
Science & Tech Ministry, TiE And ISB Plan Rs 75 Crore Seed Fund
---------------------------------------------------
Indiape.com
Sintex buys 100% stake in France-based Nief
Cisco extends venture investment in India by another 100 mln usd
JPMorgan Starts $2 Billion India Infrastructure Fund
Google India boosts VC investments
Ortel eyes private equity investors
PE firms in fray to pick 40 pc stake in Valecha Infrastructure
Fin Tech keen on 5% stake in three bourses
Sical Infra Asset' proposal for PE funding hangs fire
Protego to raise up to $400 million for Indian office development fund
Future Group to pick 15% stake in Percept Holdings
BoR to raise 150 cr preferential equity from Indus Capital and Max India
Promethean Indian Fund picks 8.57 pc stake in Nitco Tiles
KSS buys 50% in Abhishek Auto
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Diagnostic Equipment Company Trivitron Raises $11M From HSBC PE, ePlanet Ventures
JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M
Maruti MD Jagdish Khattar To Become An Entrepreneur
Mundra Port and Special Economic Zone To Raise $450M From IPO
Ocimum Bio Buys Gene Logic’s Genomic Business For $10 Million
Orissa Parliamentarian’s Company Ortel Plans To Raise Rs 200 Crore Private Equity
Amit Burman To Set Up Quick Service Food Retail Business
Valecha Infrastructure To Raise $25 Million
M&A Roundup: Abhishek Auto, Deepak Roy, id8 Labs
PTC Financial Services To Get Rs 120 Crore From Goldman Sachs, Macquarie Bank
Genpact Has Reportedly Snagged Citigroup BPO
New York Investment Bank Jefferies Enters India; Sets Up Rep Office In New Delhi
Sequoia Capital India Invests $6.25 Million In Printo Document Services
Science & Tech Ministry, TiE And ISB Plan Rs 75 Crore Seed Fund
---------------------------------------------------
Indiape.com
Sintex buys 100% stake in France-based Nief
Cisco extends venture investment in India by another 100 mln usd
JPMorgan Starts $2 Billion India Infrastructure Fund
Google India boosts VC investments
Ortel eyes private equity investors
PE firms in fray to pick 40 pc stake in Valecha Infrastructure
Fin Tech keen on 5% stake in three bourses
Sical Infra Asset' proposal for PE funding hangs fire
Protego to raise up to $400 million for Indian office development fund
Future Group to pick 15% stake in Percept Holdings
BoR to raise 150 cr preferential equity from Indus Capital and Max India
Promethean Indian Fund picks 8.57 pc stake in Nitco Tiles
KSS buys 50% in Abhishek Auto
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Corporates Stories from ET
Participatory notes not desirable: Y V Reddy
Mukesh Ambani becomes world's richest man
Ambani not so rich after all, says company
Fired NRI engineer gets $5.5 mn over racist remarks
Moderation in bank credit to commercial sector: RBI
ICICI Bank says interest rate cuts could stop
Singapore's Orient Global picks up 4.99 pc stake in Yes Bank
L&T bags Rs 5k-cr city airport revamp deal
SAIL to invest in downstream projects
Reddy's red-alert: Global liquidity may flow in
Diversified equity funds top Sensex show
UB (Holdings) plans to raise up to Rs 13.2 bn
MF assets touch Rs 500,000 crore
Polaris launches software testing lab in Sydney
Infosys pursuing 15 overseas deals each worth $100 mn plus
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Mukesh Ambani becomes world's richest man
Ambani not so rich after all, says company
Fired NRI engineer gets $5.5 mn over racist remarks
Moderation in bank credit to commercial sector: RBI
ICICI Bank says interest rate cuts could stop
Singapore's Orient Global picks up 4.99 pc stake in Yes Bank
L&T bags Rs 5k-cr city airport revamp deal
SAIL to invest in downstream projects
Reddy's red-alert: Global liquidity may flow in
Diversified equity funds top Sensex show
UB (Holdings) plans to raise up to Rs 13.2 bn
MF assets touch Rs 500,000 crore
Polaris launches software testing lab in Sydney
Infosys pursuing 15 overseas deals each worth $100 mn plus
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Results on Wednesday
Results Calender from India earnings.com
3M India 31-Oct-07
Aarti Industrie 31-Oct-07
Accel Frontline 31-Oct-07
Accel Transmati 31-Oct-07
AdityaBirlaNuvo 31-Oct-07
Aftek 31-Oct-07
Agro Dutch Ind 31-Oct-07
Ahmednagar Forg 31-Oct-07
AIA Engineering 31-Oct-07
Alok Industries 31-Oct-07
Amar Remedies 31-Oct-07
Ambica Agar 31-Oct-07
Amtek India 31-Oct-07
Ankur Drugs 31-Oct-07
Ansal Housing 31-Oct-07
Ansal Propertie 31-Oct-07
Antarctica Grap 31-Oct-07
Aptech 31-Oct-07
Archies 31-Oct-07
Artefact 31-Oct-07
Arvind Remedies 31-Oct-07
Ashtavinayak 31-Oct-07
Assam Company 31-Oct-07
Astra Microwave 31-Oct-07
Atcom Tech 31-Oct-07
Atlas Cycles 31-Oct-07
Aurobindo Pharm 31-Oct-07
AXIS IT&T 31-Oct-07
BAG Films 31-Oct-07
Bank of Baroda 31-Oct-07
Berger Paints 31-Oct-07
Bharti Airtel 31-Oct-07
Biofil Chem 31-Oct-07
Birla Corp 31-Oct-07
Birla Power Sol 31-Oct-07
Birla VXL 31-Oct-07
Blue Blends 31-Oct-07
Blue Coast 31-Oct-07
Blue Star Info 31-Oct-07
Bombay Dyeing 31-Oct-07
Bombay Poly 31-Oct-07
BPCL 31-Oct-07
BPL Engineering 31-Oct-07
BSEL Infra 31-Oct-07
BSL 31-Oct-07
C S Software 31-Oct-07
Cambridge Tech 31-Oct-07
Canara Bank 31-Oct-07
Carol Info 31-Oct-07
Celebrity Fash 31-Oct-07
Central Bank 31-Oct-07
Cepham Milk 31-Oct-07
CESC 31-Oct-07
CFL Capital 31-Oct-07
Chemplast Sanma 31-Oct-07
Cinemax India 31-Oct-07
Cinevista Comm 31-Oct-07
Compulink 31-Oct-07
Computech Inter 31-Oct-07
Consol Finvest 31-Oct-07
Cosmo Films 31-Oct-07
Creative Eye 31-Oct-07
DCB 31-Oct-07
Deccan Aviation 31-Oct-07
Donear Ind 31-Oct-07
Duncans Industr 31-Oct-07
Elgi Tread 31-Oct-07
Emami 31-Oct-07
Emtex Industrie 31-Oct-07
ESS DEE 31-Oct-07
Essar Oil 31-Oct-07
Essar Steel 31-Oct-07
Eurotex 31-Oct-07
Eveready Ind 31-Oct-07
Financial Tech 31-Oct-07
Ganesh Housing 31-Oct-07
Gangotri Textil 31-Oct-07
Garware Marine 31-Oct-07
GBN 31-Oct-07
Genesys Int 31-Oct-07
Glenmark 31-Oct-07
Glory Polyfilms 31-Oct-07
Goldiam Inter 31-Oct-07
Grand Foundry 31-Oct-07
GTN Textiles 31-Oct-07
Guj Sidhee Cem 31-Oct-07
Hanil Era Tex 31-Oct-07
Harrisons Malay 31-Oct-07
HFCL 31-Oct-07
Hind Dorr-Olive 31-Oct-07
Hind Syntex 31-Oct-07
Hindalco 31-Oct-07
HMT 31-Oct-07
HTMT Global Sol 31-Oct-07
HUL 31-Oct-07
Hyderabad Ind 31-Oct-07
IFB Industries 31-Oct-07
IFGL Refractory 31-Oct-07
Impex FerroTech 31-Oct-07
Ind Motor Parts 31-Oct-07
India Foils 31-Oct-07
Indian Hume Pip 31-Oct-07
Indo Asian Fuse 31-Oct-07
Indoco Remedies 31-Oct-07
Infomedia India 31-Oct-07
Int Conveyor 31-Oct-07
IOL Broadband 31-Oct-07
Ispat Industrie 31-Oct-07
ITD Cementation 31-Oct-07
IVP 31-Oct-07
IVR Prime 31-Oct-07
IVRCL Infras 31-Oct-07
Jai Balaji Ind 31-Oct-07
Jayshree Tea 31-Oct-07
JCT Electronics 31-Oct-07
JD Orgochem 31-Oct-07
JHS Svendgaard 31-Oct-07
Jindal Photo 31-Oct-07
Jindal PolyFilm 31-Oct-07
K Sera Sera 31-Oct-07
Karuna Cable 31-Oct-07
KCP 31-Oct-07
KCP Sugar 31-Oct-07
KEC Int 31-Oct-07
KEI Industries 31-Oct-07
Kesar Enterpris 31-Oct-07
Khaitan Electri 31-Oct-07
Khoday India 31-Oct-07
Kinetic Motor 31-Oct-07
KLK Electrical 31-Oct-07
KND Engineering 31-Oct-07
Liberty Shoes 31-Oct-07
Lloyds Steel 31-Oct-07
Lyka Labs 31-Oct-07
Madhucon Projec 31-Oct-07
Malwa Cotton 31-Oct-07
Mangalore Chem 31-Oct-07
Marksans Pharma 31-Oct-07
Maxwell Apparel 31-Oct-07
Mcleod Rus 31-Oct-07
Mcnally Bh Engg 31-Oct-07
Media Video 31-Oct-07
Melstar Info 31-Oct-07
Motor and Gen F 31-Oct-07
MSP Steel 31-Oct-07
MTNL 31-Oct-07
Munjal Auto Ind 31-Oct-07
Nagarjuna Const 31-Oct-07
Nalwa Sons Inv 31-Oct-07
Namaste Exports 31-Oct-07
Navin Fluorine 31-Oct-07
Netflier Finco 31-Oct-07
Network 18 Fin 31-Oct-07
Neyveli Lignite 31-Oct-07
Nicco Corp 31-Oct-07
Nilkamal 31-Oct-07
Nissan Copper 31-Oct-07
NK Industries 31-Oct-07
Norben Tea 31-Oct-07
Northgate Tech 31-Oct-07
Nova Iron & Ste 31-Oct-07
NRB Bearings 31-Oct-07
Nucent Finance 31-Oct-07
Oswal Agro 31-Oct-07
Oswal ChemandFe 31-Oct-07
P and G 31-Oct-07
Padmalaya Tele 31-Oct-07
Paradyne Info 31-Oct-07
Paras Petro 31-Oct-07
Parekh Platinum 31-Oct-07
Patni Computer 31-Oct-07
Patspin India 31-Oct-07
Pearl EngPolyme 31-Oct-07
Pearl Polymers 31-Oct-07
Pentamedia 31-Oct-07
Percot Mills 31-Oct-07
Petron Eng Cons 31-Oct-07
Phillips Carbon 31-Oct-07
Plethico Pharma 31-Oct-07
Pochiraju Ind 31-Oct-07
Polar Ind 31-Oct-07
Polyplex Corp 31-Oct-07
Power Grid Corp 31-Oct-07
Prithvi Info 31-Oct-07
Pritish Nandy 31-Oct-07
Punj Lloyd 31-Oct-07
Radico Khaitan 31-Oct-07
Raj Rayon 31-Oct-07
Rajshree Sugars 31-Oct-07
Rajvir Ind 31-Oct-07
Ramco System 31-Oct-07
Rana Sugars 31-Oct-07
Regency Ceramic 31-Oct-07
Reliance Comm 31-Oct-07
RS Software 31-Oct-07
RSWM 31-Oct-07
Ruchi Soya 31-Oct-07
Ruchinfra 31-Oct-07
Sabero Organics 31-Oct-07
Sah Petroleums 31-Oct-07
SAL Steel 31-Oct-07
Sanra Software 31-Oct-07
Saregama India 31-Oct-07
Satvahana Ispat 31-Oct-07
Shah Alloys 31-Oct-07
Sharyans Res 31-Oct-07
Shell Mercant 31-Oct-07
Shivalik Global 31-Oct-07
Shree Precoated 31-Oct-07
Shriram City 31-Oct-07
Shyam Telecom 31-Oct-07
SIL Invest 31-Oct-07
Siyaram Silk 31-Oct-07
Soma Textile 31-Oct-07
Spentex Ind 31-Oct-07
Sree Rayalaseem 31-Oct-07
SRHHL Industr 31-Oct-07
STC India 31-Oct-07
Steel Tubes 31-Oct-07
Sterling Bio 31-Oct-07
Suave Hotels 31-Oct-07
Subhash Project 31-Oct-07
Sunflag Iron 31-Oct-07
Sunil HitechEng 31-Oct-07
Super Forgings 31-Oct-07
Suryalakshmi Co 31-Oct-07
Taj GVK Hotels 31-Oct-07
Talbros Auto 31-Oct-07
Tamil Telecom 31-Oct-07
Tata Motors 31-Oct-07
Technocraft Ind 31-Oct-07
Todays Writi 31-Oct-07
Tokyo Plast Int 31-Oct-07
Trigyn Tech 31-Oct-07
Tube Investment 31-Oct-07
TV 18 31-Oct-07
Tyche Periph 31-Oct-07
Uniply Ind 31-Oct-07
United Spirits 31-Oct-07
Upper Ganges Su 31-Oct-07
Usha Martin 31-Oct-07
Usha Martin Inf 31-Oct-07
Vaibhav Gems 31-Oct-07
Venkys 31-Oct-07
Videocon Appl 31-Oct-07
Videocon Indust 31-Oct-07
Visa Steel 31-Oct-07
Visaka Ind 31-Oct-07
Visesh Infotech 31-Oct-07
Vivimed Labs 31-Oct-07
VSNL 31-Oct-07
Wanbury 31-Oct-07
Webel SL Energy 31-Oct-07
Weizmann 31-Oct-07
Wellwin Industr 31-Oct-07
Winsome Yarns 31-Oct-07
WS Industries 31-Oct-07
XL Telecom 31-Oct-07
Zenith Birla 31-Oct-07
Zenithexpo 31-Oct-07
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3M India 31-Oct-07
Aarti Industrie 31-Oct-07
Accel Frontline 31-Oct-07
Accel Transmati 31-Oct-07
AdityaBirlaNuvo 31-Oct-07
Aftek 31-Oct-07
Agro Dutch Ind 31-Oct-07
Ahmednagar Forg 31-Oct-07
AIA Engineering 31-Oct-07
Alok Industries 31-Oct-07
Amar Remedies 31-Oct-07
Ambica Agar 31-Oct-07
Amtek India 31-Oct-07
Ankur Drugs 31-Oct-07
Ansal Housing 31-Oct-07
Ansal Propertie 31-Oct-07
Antarctica Grap 31-Oct-07
Aptech 31-Oct-07
Archies 31-Oct-07
Artefact 31-Oct-07
Arvind Remedies 31-Oct-07
Ashtavinayak 31-Oct-07
Assam Company 31-Oct-07
Astra Microwave 31-Oct-07
Atcom Tech 31-Oct-07
Atlas Cycles 31-Oct-07
Aurobindo Pharm 31-Oct-07
AXIS IT&T 31-Oct-07
BAG Films 31-Oct-07
Bank of Baroda 31-Oct-07
Berger Paints 31-Oct-07
Bharti Airtel 31-Oct-07
Biofil Chem 31-Oct-07
Birla Corp 31-Oct-07
Birla Power Sol 31-Oct-07
Birla VXL 31-Oct-07
Blue Blends 31-Oct-07
Blue Coast 31-Oct-07
Blue Star Info 31-Oct-07
Bombay Dyeing 31-Oct-07
Bombay Poly 31-Oct-07
BPCL 31-Oct-07
BPL Engineering 31-Oct-07
BSEL Infra 31-Oct-07
BSL 31-Oct-07
C S Software 31-Oct-07
Cambridge Tech 31-Oct-07
Canara Bank 31-Oct-07
Carol Info 31-Oct-07
Celebrity Fash 31-Oct-07
Central Bank 31-Oct-07
Cepham Milk 31-Oct-07
CESC 31-Oct-07
CFL Capital 31-Oct-07
Chemplast Sanma 31-Oct-07
Cinemax India 31-Oct-07
Cinevista Comm 31-Oct-07
Compulink 31-Oct-07
Computech Inter 31-Oct-07
Consol Finvest 31-Oct-07
Cosmo Films 31-Oct-07
Creative Eye 31-Oct-07
DCB 31-Oct-07
Deccan Aviation 31-Oct-07
Donear Ind 31-Oct-07
Duncans Industr 31-Oct-07
Elgi Tread 31-Oct-07
Emami 31-Oct-07
Emtex Industrie 31-Oct-07
ESS DEE 31-Oct-07
Essar Oil 31-Oct-07
Essar Steel 31-Oct-07
Eurotex 31-Oct-07
Eveready Ind 31-Oct-07
Financial Tech 31-Oct-07
Ganesh Housing 31-Oct-07
Gangotri Textil 31-Oct-07
Garware Marine 31-Oct-07
GBN 31-Oct-07
Genesys Int 31-Oct-07
Glenmark 31-Oct-07
Glory Polyfilms 31-Oct-07
Goldiam Inter 31-Oct-07
Grand Foundry 31-Oct-07
GTN Textiles 31-Oct-07
Guj Sidhee Cem 31-Oct-07
Hanil Era Tex 31-Oct-07
Harrisons Malay 31-Oct-07
HFCL 31-Oct-07
Hind Dorr-Olive 31-Oct-07
Hind Syntex 31-Oct-07
Hindalco 31-Oct-07
HMT 31-Oct-07
HTMT Global Sol 31-Oct-07
HUL 31-Oct-07
Hyderabad Ind 31-Oct-07
IFB Industries 31-Oct-07
IFGL Refractory 31-Oct-07
Impex FerroTech 31-Oct-07
Ind Motor Parts 31-Oct-07
India Foils 31-Oct-07
Indian Hume Pip 31-Oct-07
Indo Asian Fuse 31-Oct-07
Indoco Remedies 31-Oct-07
Infomedia India 31-Oct-07
Int Conveyor 31-Oct-07
IOL Broadband 31-Oct-07
Ispat Industrie 31-Oct-07
ITD Cementation 31-Oct-07
IVP 31-Oct-07
IVR Prime 31-Oct-07
IVRCL Infras 31-Oct-07
Jai Balaji Ind 31-Oct-07
Jayshree Tea 31-Oct-07
JCT Electronics 31-Oct-07
JD Orgochem 31-Oct-07
JHS Svendgaard 31-Oct-07
Jindal Photo 31-Oct-07
Jindal PolyFilm 31-Oct-07
K Sera Sera 31-Oct-07
Karuna Cable 31-Oct-07
KCP 31-Oct-07
KCP Sugar 31-Oct-07
KEC Int 31-Oct-07
KEI Industries 31-Oct-07
Kesar Enterpris 31-Oct-07
Khaitan Electri 31-Oct-07
Khoday India 31-Oct-07
Kinetic Motor 31-Oct-07
KLK Electrical 31-Oct-07
KND Engineering 31-Oct-07
Liberty Shoes 31-Oct-07
Lloyds Steel 31-Oct-07
Lyka Labs 31-Oct-07
Madhucon Projec 31-Oct-07
Malwa Cotton 31-Oct-07
Mangalore Chem 31-Oct-07
Marksans Pharma 31-Oct-07
Maxwell Apparel 31-Oct-07
Mcleod Rus 31-Oct-07
Mcnally Bh Engg 31-Oct-07
Media Video 31-Oct-07
Melstar Info 31-Oct-07
Motor and Gen F 31-Oct-07
MSP Steel 31-Oct-07
MTNL 31-Oct-07
Munjal Auto Ind 31-Oct-07
Nagarjuna Const 31-Oct-07
Nalwa Sons Inv 31-Oct-07
Namaste Exports 31-Oct-07
Navin Fluorine 31-Oct-07
Netflier Finco 31-Oct-07
Network 18 Fin 31-Oct-07
Neyveli Lignite 31-Oct-07
Nicco Corp 31-Oct-07
Nilkamal 31-Oct-07
Nissan Copper 31-Oct-07
NK Industries 31-Oct-07
Norben Tea 31-Oct-07
Northgate Tech 31-Oct-07
Nova Iron & Ste 31-Oct-07
NRB Bearings 31-Oct-07
Nucent Finance 31-Oct-07
Oswal Agro 31-Oct-07
Oswal ChemandFe 31-Oct-07
P and G 31-Oct-07
Padmalaya Tele 31-Oct-07
Paradyne Info 31-Oct-07
Paras Petro 31-Oct-07
Parekh Platinum 31-Oct-07
Patni Computer 31-Oct-07
Patspin India 31-Oct-07
Pearl EngPolyme 31-Oct-07
Pearl Polymers 31-Oct-07
Pentamedia 31-Oct-07
Percot Mills 31-Oct-07
Petron Eng Cons 31-Oct-07
Phillips Carbon 31-Oct-07
Plethico Pharma 31-Oct-07
Pochiraju Ind 31-Oct-07
Polar Ind 31-Oct-07
Polyplex Corp 31-Oct-07
Power Grid Corp 31-Oct-07
Prithvi Info 31-Oct-07
Pritish Nandy 31-Oct-07
Punj Lloyd 31-Oct-07
Radico Khaitan 31-Oct-07
Raj Rayon 31-Oct-07
Rajshree Sugars 31-Oct-07
Rajvir Ind 31-Oct-07
Ramco System 31-Oct-07
Rana Sugars 31-Oct-07
Regency Ceramic 31-Oct-07
Reliance Comm 31-Oct-07
RS Software 31-Oct-07
RSWM 31-Oct-07
Ruchi Soya 31-Oct-07
Ruchinfra 31-Oct-07
Sabero Organics 31-Oct-07
Sah Petroleums 31-Oct-07
SAL Steel 31-Oct-07
Sanra Software 31-Oct-07
Saregama India 31-Oct-07
Satvahana Ispat 31-Oct-07
Shah Alloys 31-Oct-07
Sharyans Res 31-Oct-07
Shell Mercant 31-Oct-07
Shivalik Global 31-Oct-07
Shree Precoated 31-Oct-07
Shriram City 31-Oct-07
Shyam Telecom 31-Oct-07
SIL Invest 31-Oct-07
Siyaram Silk 31-Oct-07
Soma Textile 31-Oct-07
Spentex Ind 31-Oct-07
Sree Rayalaseem 31-Oct-07
SRHHL Industr 31-Oct-07
STC India 31-Oct-07
Steel Tubes 31-Oct-07
Sterling Bio 31-Oct-07
Suave Hotels 31-Oct-07
Subhash Project 31-Oct-07
Sunflag Iron 31-Oct-07
Sunil HitechEng 31-Oct-07
Super Forgings 31-Oct-07
Suryalakshmi Co 31-Oct-07
Taj GVK Hotels 31-Oct-07
Talbros Auto 31-Oct-07
Tamil Telecom 31-Oct-07
Tata Motors 31-Oct-07
Technocraft Ind 31-Oct-07
Todays Writi 31-Oct-07
Tokyo Plast Int 31-Oct-07
Trigyn Tech 31-Oct-07
Tube Investment 31-Oct-07
TV 18 31-Oct-07
Tyche Periph 31-Oct-07
Uniply Ind 31-Oct-07
United Spirits 31-Oct-07
Upper Ganges Su 31-Oct-07
Usha Martin 31-Oct-07
Usha Martin Inf 31-Oct-07
Vaibhav Gems 31-Oct-07
Venkys 31-Oct-07
Videocon Appl 31-Oct-07
Videocon Indust 31-Oct-07
Visa Steel 31-Oct-07
Visaka Ind 31-Oct-07
Visesh Infotech 31-Oct-07
Vivimed Labs 31-Oct-07
VSNL 31-Oct-07
Wanbury 31-Oct-07
Webel SL Energy 31-Oct-07
Weizmann 31-Oct-07
Wellwin Industr 31-Oct-07
Winsome Yarns 31-Oct-07
WS Industries 31-Oct-07
XL Telecom 31-Oct-07
Zenith Birla 31-Oct-07
Zenithexpo 31-Oct-07
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RBI Credit policy
In a somewhat more hawkish stance compared to June last, the half-yearly monetary policy review of the Reserve Bank of India has kept the policy rates unchanged. It did not announced any changed in the repo and reverse repo rates. The banks rates have also been kept unchanged at 6%. The CRR is up by 50 basis points to 7.5 %. RBI keeps the GDP forecasts unchanged at 8.5%. The inflation target for FY08 stand at 5%.
Emphasising, on the need to manage capital inflows, the Bank said .surplus liquidity needs to be handled as priority.RBI Governor, Dr YVR Reddy clearly underlined the threat to inflation from external inflows. It further said that the money supply is expanding at 17-17.5%. The policy has taken a special note of the irregularities in banks’ real estate exposure.. Dr Reddy expressed concerns on excessive lending to real estate sector. Some highlights: Gross domestic product growth forecast for 2007-08 maintained at 8.5 per cent, assuming no further escalation in crude oil prices and barring domestic or external shocks.
Inflation target for FY08 maintained at 5.0 per cent while resolving to condition expectations in 4.0-4.5 per cent range, with a medium-term objective of 3.0 per cent. Moderate net capital flows so that money supply is not persistently out of alignment with indicative projection of 17.0-17.5 per cent. Covering of ‘Short-sale’ and ‘When Issued’ transactions to be permitted outside the Negotiated Dealing System – Order Matching system. Non-deposit taking NBFCs to be considered ‘qualified entities’ for accessing the NDS-OM using the constituents’ Subsidiary General Ledger route. Reinstatement of the eligible limits under the past performance route for hedging facility to be permitted.
Oil companies permitted to hedge foreign exchange exposures by using overseas over-the-counter/ exchange traded derivatives up to a maximum of one year forward. Importers and exporters having foreign currency exposures allowed to write covered call and put options in both foreign currency/ rupee and cross currency and receive premia. Deposit rate ahead of the 4.9 lakh crore target for FY08. Currency markets see a tentative return to normalcy. The RBI also withdrew the ceiling of Rs 3,000 crore on daily reverse repo under the LAF from August 6, 2007.
Market Reacts after the policy announcements: Though it is a non-event for the equity markets , the Sensex lost 100 points soon after the policy announcements, while the NSE Nifty traded flat. Bond markets too be negatively impacted by the hike in CRR. Experts speak on RBI’s monetary policy review: : The policy this time is a measure to manage liquidity in the system. The recent reduction in the interest rates by some banks will finally stop and we expect the rates to stay where they are for some more time due to hike in the CRR, Says Chanda Kochar, executive director, ICICI Bank. Expects some easing in retail rates: HDFC Bank.
Highlights/ Key takeaways from RBI's credit Policy announcement:
CRR Hiked To 7.5% By 50 Bps
Repo, Reverse Repo, Bank Rate Rates Left Unchanged
RBI Ready To Take Steps Given Global Uncertainties & Unconventional Policy Responses To Developments
GDP Growth Target Unchanged At 8.5%
Inflation Target Maintained At 5%
Reiterates Resolve To Lower Inflation To 4-4.5%, Going Forward
Medium Target for inflation rate is 3%
Money Supply Target Retained at 17-17.5%
Credit growth has slipped to projected level of 24-25%;
Need to moderate expansionary effects of capital flows so that money supply doesn't exceed target
RBI Retains Option To conduct overnight or Longer term Repos
Biggest Challenge For RBI is excess money supply due of Capital Flows
Inflation Expectations Well-Anchored
Risk To Inflation From Liquidity Infusion By global Central Banks
Risks Inflation Also From Crude and Chinese Demand
Risks to Inflation to Dominate Policy in the Next 12-18 months
Inflation risks From Oil Prices remain Incipient
Asset Prices High, But Some Evidence Of Stable Real Estate Prices
Recent Events in Financial Markets show concern for fincl stability can assume overriding Importance
Agriculture Growing Above Trend, Industry & Services Shows slight slackening
Another Oil Price hike seems Reasonable
Fiscal Consolidation Under Strain on High Interest Payments & Subsidies
Revenue Deficit For Apr-Aug at 123% of estimates vs 94% year ago
H1 Current A/C Deficit Expected to Have Been Contained At Year Ago Level
Non competitive bidding for state loans to be permitted by March 2008
State govts may prepay Power bonds from April 2008 onwards
New system of valuing and issuing floating rate bonds by Mach 2008
Committed to Allowing Repos in Corp Bonds, when safe settlement, DvP is in place
Permits short sale & When Issued Deals Outside of NDS-OM System
Non Deposit Taking NBFCs can access NDS-OM through CSGL Route
Oil Cos Can Hedge 50% of their Inventory using OTC Derivative products
Importers, exporters may write covered call and put options
Importers, Exporters may write in rupee & cross currency and receive premia
Banks permitted to Run Cross Currency Options Books; Subject to RBI Nod
Banks permitted to offer American options
Final Guidelines for Banking Holding Cos to be Issued By End –Nov
Final Guidelines on Credit Default Swaps To Be Issued By End Nov
May Bank Errant Banks from engaging recovery Agents; Ban Likely On Banks against which Court's Have Issued Penalties .....
Other related stories:
RBI move aimed at curbing excess liquidity: FM
CRR hike to absorb Rs 16K cr excess liquidity in system: Y V Reddy
RBI blocks rupee near 9-½ yr peak
RBI hikes CRR to 7.5%; other key rates unchanged
Mkt ends in red amid volatility post new credit policy
How experts review the Credit Policy
CRR hike to discourage slacken interest rates
FM supports RBI move on CRR hike
RBI cautions on high oil, food prices
Brokers`Outlook: Market to open flat tomorrow
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.moneycontrol.com www.theeconomictimes.com www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Emphasising, on the need to manage capital inflows, the Bank said .surplus liquidity needs to be handled as priority.RBI Governor, Dr YVR Reddy clearly underlined the threat to inflation from external inflows. It further said that the money supply is expanding at 17-17.5%. The policy has taken a special note of the irregularities in banks’ real estate exposure.. Dr Reddy expressed concerns on excessive lending to real estate sector. Some highlights: Gross domestic product growth forecast for 2007-08 maintained at 8.5 per cent, assuming no further escalation in crude oil prices and barring domestic or external shocks.
Inflation target for FY08 maintained at 5.0 per cent while resolving to condition expectations in 4.0-4.5 per cent range, with a medium-term objective of 3.0 per cent. Moderate net capital flows so that money supply is not persistently out of alignment with indicative projection of 17.0-17.5 per cent. Covering of ‘Short-sale’ and ‘When Issued’ transactions to be permitted outside the Negotiated Dealing System – Order Matching system. Non-deposit taking NBFCs to be considered ‘qualified entities’ for accessing the NDS-OM using the constituents’ Subsidiary General Ledger route. Reinstatement of the eligible limits under the past performance route for hedging facility to be permitted.
Oil companies permitted to hedge foreign exchange exposures by using overseas over-the-counter/ exchange traded derivatives up to a maximum of one year forward. Importers and exporters having foreign currency exposures allowed to write covered call and put options in both foreign currency/ rupee and cross currency and receive premia. Deposit rate ahead of the 4.9 lakh crore target for FY08. Currency markets see a tentative return to normalcy. The RBI also withdrew the ceiling of Rs 3,000 crore on daily reverse repo under the LAF from August 6, 2007.
Market Reacts after the policy announcements: Though it is a non-event for the equity markets , the Sensex lost 100 points soon after the policy announcements, while the NSE Nifty traded flat. Bond markets too be negatively impacted by the hike in CRR. Experts speak on RBI’s monetary policy review: : The policy this time is a measure to manage liquidity in the system. The recent reduction in the interest rates by some banks will finally stop and we expect the rates to stay where they are for some more time due to hike in the CRR, Says Chanda Kochar, executive director, ICICI Bank. Expects some easing in retail rates: HDFC Bank.
Highlights/ Key takeaways from RBI's credit Policy announcement:
CRR Hiked To 7.5% By 50 Bps
Repo, Reverse Repo, Bank Rate Rates Left Unchanged
RBI Ready To Take Steps Given Global Uncertainties & Unconventional Policy Responses To Developments
GDP Growth Target Unchanged At 8.5%
Inflation Target Maintained At 5%
Reiterates Resolve To Lower Inflation To 4-4.5%, Going Forward
Medium Target for inflation rate is 3%
Money Supply Target Retained at 17-17.5%
Credit growth has slipped to projected level of 24-25%;
Need to moderate expansionary effects of capital flows so that money supply doesn't exceed target
RBI Retains Option To conduct overnight or Longer term Repos
Biggest Challenge For RBI is excess money supply due of Capital Flows
Inflation Expectations Well-Anchored
Risk To Inflation From Liquidity Infusion By global Central Banks
Risks Inflation Also From Crude and Chinese Demand
Risks to Inflation to Dominate Policy in the Next 12-18 months
Inflation risks From Oil Prices remain Incipient
Asset Prices High, But Some Evidence Of Stable Real Estate Prices
Recent Events in Financial Markets show concern for fincl stability can assume overriding Importance
Agriculture Growing Above Trend, Industry & Services Shows slight slackening
Another Oil Price hike seems Reasonable
Fiscal Consolidation Under Strain on High Interest Payments & Subsidies
Revenue Deficit For Apr-Aug at 123% of estimates vs 94% year ago
H1 Current A/C Deficit Expected to Have Been Contained At Year Ago Level
Non competitive bidding for state loans to be permitted by March 2008
State govts may prepay Power bonds from April 2008 onwards
New system of valuing and issuing floating rate bonds by Mach 2008
Committed to Allowing Repos in Corp Bonds, when safe settlement, DvP is in place
Permits short sale & When Issued Deals Outside of NDS-OM System
Non Deposit Taking NBFCs can access NDS-OM through CSGL Route
Oil Cos Can Hedge 50% of their Inventory using OTC Derivative products
Importers, exporters may write covered call and put options
Importers, Exporters may write in rupee & cross currency and receive premia
Banks permitted to Run Cross Currency Options Books; Subject to RBI Nod
Banks permitted to offer American options
Final Guidelines for Banking Holding Cos to be Issued By End –Nov
Final Guidelines on Credit Default Swaps To Be Issued By End Nov
May Bank Errant Banks from engaging recovery Agents; Ban Likely On Banks against which Court's Have Issued Penalties .....
Other related stories:
RBI move aimed at curbing excess liquidity: FM
CRR hike to absorb Rs 16K cr excess liquidity in system: Y V Reddy
RBI blocks rupee near 9-½ yr peak
RBI hikes CRR to 7.5%; other key rates unchanged
Mkt ends in red amid volatility post new credit policy
How experts review the Credit Policy
CRR hike to discourage slacken interest rates
FM supports RBI move on CRR hike
RBI cautions on high oil, food prices
Brokers`Outlook: Market to open flat tomorrow
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.moneycontrol.com www.theeconomictimes.com www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Results: SAIL, DLF, Unitech etc
SAIL net rises 18% in Q2
Steel Authority of India announced a 17.84% jump in net profit at Rs 17,002.40 million for the quarter ended September 2007, as compared to Rs 14,428.10 million for the quarter ended September 2006.
Steel Authority of India's net profit jumped 17.84 per cent to Rs 1,700.24 crore for the quarter ended September 2007 compared with Rs 1,442.81 crore in the same quarter previous year.
DLF Q2 FY08 net profit up at Rs 2018 cr
DLF in Q2 FY08 has reported net profit of Rs 2018 crore versus Rs 1515.48 cr on QoQ basis. During the corresponding quarters, its net sales were up at Rs 3250 crore versus Rs 3073.78 crore.
ONGC net up 22.13% in Sep`07 qtr
Oil & Natural Gas Corporation (ONGC), India`s second largest company by market capitalisation registered a robust 22.13% growth in net profit to Rs 50,974.80 million for the quarter ended September 2007 as compared with Rs 41,739.80 million for the corresponding quarter last fiscal.Net sales for the quarter rose 9.56% to Rs 154,139.20 million as against Rs 140,685.50 million for the same quarter a year ago.
Total income for the quarter rose 10.76% to Rs 166,238.90 million as compared with Rs 150,082.60 million for the corresponding quarter previous year.
The basic and diluted earnings per share (EPS) after extra ordinary items, of the company stood at Rs 23.83 in the quarter ended September 2007.
Unitech Q2 net soars 298% at Rs 410 cr30 Oct, 2007, 1804 hrs IST
Unitech's profit after tax jumped 298 per cent at Rs 410.12 crore for the quarter ended September 30.
Nestle net up 39.86% in Sep`07 qtr
Nestle India registered a robust 39.86% growth in net profit to Rs 1,160.60 million for the quarter ended September 2007 as compared with Rs 829.80 million for the corresponding quarter last year.
Net sales for the quarter rose 25.47% to Rs 9,067.40 million from Rs 7,226.60 million for the same quarter a year ago.
Total income for the quarter rose 25.44% to Rs 9,124.00 million as against Rs 7,273.30 million for the corresponding quarter previous year.
The earnings per share (EPS) of the company stood at Rs 12.04 in the quarter ended September 2007.
CEAT Q2 earnings jumps 6.6 times
CEAT, the flagship company of the Rs 115 billion RPG Group and one of India`s leading tyre manufacturers, reported a vastly improved performance in quarter ended September 07. The net profit for the quarter stood at Rs 255 million up by about 6.6 times compared with Rs 38.3 million in the same period last year.The company`s gross sale for the quarter stood at Rs 6,490 million up by 8% as against Rs 6,020 million in the same period last year. EBITDA margin to net sales nearly doubled to 10.7%. Exports also grew by 31% in the second quarter over the same quarter in the previous year.
Indo Rama Synthetics Q2 net climbs 35.17%
Indo Rama Synthetics (India) registered a substantial growth of 35.17% in net profit for the quarter ended September 2007, helped by robust sales growth.During the quarter, the company saw a rise in net profit to Rs 118 million from Rs 87.3 million in the same quarter of the previous year. Earnings per share for the quarter climbed 36.36% to Rs 0.9 compared with a year ago period.Net sales for the quarter jumped 70.31% to Rs 6,693.60 million, while total income for the quarter climbed 68.85% to Rs 6,742.40 million, when compared with the corresponding quarter, a year ago.
Maharashtra Seamless` net down 6.47% for Sep`07 qtr
Tata Chemicals Q2 consolidated net climbs 12.23% 30
India`s leading manufacturer of inorganic chemicals, fertilizers and food additives, Tata Chemicals (TCL) registered a growth of 12.23% in consolidated net profit for the quarter ended September 2007. During the quarter, the company saw a rise in consolidated net profit to Rs 2,082.20 million from Rs 1,855.30 million in the same quarter of the previous year. Consolidated total revenue for the quarter climbed 6.93% to Rs 17,776.90 million compared with a year ago period.
Alstom Projects net down 22.68% in Sep`07 qtr
the quarter ended September 2007, as against Rs 313.00 million for the same quarter, a year ago.Net sales rose 48.71% to Rs 3,981.00 million in the quarter, from Rs 2,677.00 million for the same quarter, last year.
Crompton Greaves consolidated net at Rs 909.40 mn
On consolidated basis, Crompton Greaves (Q, N,C,F)* reported a net profit after tax, minority interest and share of profit of associates companies of Rs 909.40 million for the quarter ended Sep. 30, 2007. Total Income is Rs 16,742.30 million for the quarter ended Sep. 30, 2007.
On standalone basis, the company announced a substantial jump of 82.46% in the net profit during the quarter ended September 2007. The company posted a net profit after tax of Rs 741.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 406.60 million for the quarter ended Sep. 30, 2006. Total Income increased by 21.31% to Rs 10,110.30 million, for the quarter ended Sep. 30, 2007 from Rs 8,334.00 million for the quarter ended Sep. 30, 2006.
Torrent Pharma (consolidated) net up 15% in Q2
Parsvnath Dev doubles to Rs 1 bn for Sep`07 qtr
Delhi-based real estate major Parsvnath (Q, N,C,F)* Developers posted a phenomenal 2.05 times growth in net profit to Rs 1,007.38 million, for the quarter ended September 2007 as compared with Rs 489.26 million for the same quarter last year.
Total Income increased 39% to Rs 4,077.20 million for the quarter ended September 2007 from Rs 2,933.38 million for the quarter ended September 2006.
Consolidated Results
The company on consolidated basis posted net profit of Rs 1027.73 million, on total income of Rs 4,127.07 for the quarter ended Sep. 30, 2007.
Sical Logistics net up 54% in Q2
Sical Logistics announced a 53.76% jump in net profit to Rs 94.10 million for the quarter ended September 2007, as compared to Rs 61.20 million for the same quarter last year.
Net sales dropped 4.9% to Rs 2,334.60 million, as compared to Rs 2,454.90 million a year ago.
Total Income rose to Rs 2,489.80 million for the quarter ended September 2007 ,where as the same was at Rs 2,485.60 million for the quarter ended September 2006.
IOC net up 25.16% in Sep` 07 qtr
Praj Industries net rises 55% in Q2
Praj Industries announced a 54.83% rise in net profit to Rs 270.92 million for the quarter ended September 2007, as compared to Rs 174.98 million for the quarter ended September 2006. Net sales rose 15.32% to Rs 1,702.98 million as compared to Rs 1,476.72 million a year ago.Total Income rose to Rs 1,817.33 million for the quarter ended September 2007 where as the same was at Rs 1,487.64 million for the same quarter of the previous year.
Take Solutions net at Rs 53.67 mn in Sep`07 qtr
Shaw Wallace net up 8.58 times in Sep`07 qtr
Shaw Wallace & Company registered 8.58 times growth in net profit to Rs 63.50 million for the quarter ended September 2007, as against Rs 7.40 million for the same quarter, a year ago.Net sales rose 13.09% to Rs 463.00 million in the quarter, from Rs 409.40 million for the same quarter, last year.Total income rose 20.42% to Rs 511.80 million for the quarter ended September 2007, from Rs 425.00 million in the same quarter of previous
ABG Shipyard net up 26% in Q2
ABG Shipyard announced a 26% rise in net profit to Rs 341.07 million for the quarter ended September 2007, as compared to Rs 270.72 million for the same quarter ended last year.Total Income rose 26.06% to Rs 2,119.72 million for the quarter ended September 2007, where as the same was at Rs 1,681.44 million for the quarter ended September 2006.
PVR net rises 86% in Sep`07 qtr
PVR Cinemas announced a 86.01% rise in net profit to Rs 62.50 million for the quarter ended September 2007 as compared to Rs 33.60 million for the quarter ended September 2006. Total Income rose 41% to Rs 639.40 million for the quarter ended September 2007 where as the same was at Rs 453.50 million for the quarter ended September 2006
Adlabs net flat at Rs 203.01 mn in Sep`07 qtr
ADAG-controlled Adlabs Films (Q, N,C,F)* recorded almost flat net profit of Rs 203.01 million for the quarter ended September 2007 as compared to Rs 204.64 million for the same quarter last year. Net sales for the quarter jumped 2.52 times to Rs 1,264.23 million as compared with Rs 500.84 million for the quarter ended September 2006. Total Income also surged 2.65 times to Rs 1,580.37 million for the quarter ended September 2007 from Rs 595.97 million for the quarter ended September 2006.
ICRA (consolidated) net soars 2.60 times in Sep`07 qtr
Credit rating agency ICRA`s (Q, N,C,F)* consolidated net profit soared 2.60 times to Rs 81.58 million for the quarter ended Sep. 30, 2007 as compared with Rs. 31.30 million for the corresponding quarter of the previous fiscal. ICRA consolidated total income for the quarter ended Sep. 30, 2007 was Rs 282.20 million as against Rs. 167.10 million in the corresponding quarter of the previous fiscal, reflecting growth of 69%.
Mphasis net jumps 2.73 times in Sep`07 qtr
Empire Industries` net climbs 44.30% in Sep`07 qtr
Tata Power Q2 earnings climbs 27.24%
Tata Power, a part of Tata Group and India`s largest private sector power utility registered a growth of 27.24% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 2,574.30 million from Rs 2,023.20 million in the same quarter of the previous year. The company posted diluted earnings per share of Rs 11.66 in quarter ended September 07.Net sales for the quarter rose 12.47% to Rs 13,505.60 million, while total income for the quarter climbed 15.86% to Rs 14,820 million, when compared with the corresponding quarter, a year ago.
Man Inds Q2 net profit up at Rs 18.9 cr
30th-Oct-2007
Man Industries in Q2 has posted net profit of Rs 18.9 cr versus Rs 14.8 cr, up 28% on YoY basis. During the corresponding quarters, its total income was up 21% at Rs 354.7 cr versus Rs 292.6 cr.
Unitech Q2 net profit up at Rs 410.12 cr
30th-Oct-2007
Unitech in Q2 FY08 has reported net profit of Rs 410.12 cr, up 12.15% versus Rs 365.67 crore in the previous quarter. During the corresponding quarters, its net revenues were at Rs 101348 crore versus Rs 865.59 crore, up 17.08% on QoQ basis.
GHCL Q2 net profit at Rs 25.4 cr
30th-Oct-2007
Gujarat Heavy Chemicals, GHCL has come out with second quarter numbers. It has posted net profit of Rs 25.4 crore and net sales of Rs 230 crore.
Crompton Greaves Q2 net profit at Rs 74.2 cr
30th-Oct-2007
Crompton Greaves has announced its second quarter numbers. It has posted net profit of Rs 74.2 crore and total income of Rs 1,011 crore for the quarter ended September 2007.
Kesoram Industries Q2 net profit at Rs 89.4 cr
30th-Oct-2007
Kesoram Industries has declared its second quarter numbers. It has posted net profit of Rs 89.4 crore for the quarter ended September 2007 as against Rs 56.8 crore in same quarter of last year.
Parsvnath Q2 net profit at Rs 102.7 cr
30th-Oct-2007
Parsvnath Developers has come out with second quarter numbers. It has posted net profit of Rs 102.7 crore for the quarter ended September 2007 as against Rs 102 crore in previous quarter.
Apar Industries Q2 net profit at Rs 42 cr
30th-Oct-2007
Apar Industries has announced its second quarter numbers. It has posted net profit of Rs 42 crore for the quarter ended September 2007 as against Rs 12 crore in same quarter of last year.
Bartronics Q2 net profit up at Rs 4.16 cr
30th-Oct-2007
Bartronics in Q2 FY08 has posted net profit of Rs 4.16 cr versus Rs 3.26 cr in the same quarter previous year. During the corresponding quarter, its net sales were up at Rs 29 crore versus Rs 16 crore.
Graphite India Q2 net profit up at Rs 37.95 cr
30th-Oct-2007
Graphite India in Q2 FY08 reported net profit of Rs 37.95 cr versus Rs 27.43 cr, YoY basis. During the corresponding quarters, its net sales were up at Rs 265 crore versus Rs 216 cr. Its Q2 FY08 OPM stood at Rs 19.4% versus 18.3%, YoY.
Gallantt Metal Q2 net profit at Rs 5.75 cr
30th-Oct-2007
Gallantt Metal has announced its second quarter numbers. Its net profit jumped to Rs 5.75 crore for the quarter ended September 2007 as against Rs 2.25 crore in corresponding quarter of last year.
Consolidated Const Q2 net profit at Rs 30.3 cr
30th-Oct-2007
onsolidated Construction has come out with second quarter earnings. It has posted net profit of Rs 30.3 crore in Q2FY08 compared to Rs 19.1 crore in previous quarter.
SEL Mfg Q2 net profit at Rs 18.8 cr
30th-Oct-2007
SEL Manufacturing has come out with second quarter numbers. It has posted net profit of Rs 18.8 crore for the quarter ended September 2007 as against Rs 10.3 crore in same quarter of previous year.
JP Hydro Q2 net profit at Rs 127 cr
30th-Oct-2007
Jaiprakash Hydro has declared its second quarter earnings. Its Q2 reported net profit increased to Rs 127 crore from Rs 62 crore. Net profit before exceptionals also jumped to Rs 73 crore from Rs 62 crore.
Parsvnath Q2 net jumps two-fold at Rs 101 cr
The total income also surged by 39 per cent at Rs 407.72 crore for the second quarter as against Rs 293.34 crore for the corresponding period a year ago.
Crompton Greaves Q2 net profit up 82% 30 Oct, 2007, 1530 hrs IST
Crompton Greaves' July-September net profit rose 82 per cent to Rs 74.19 crore compared with Rs 40.66 crore for the same quarter of previous year.
EIH H1 net up two-fold at Rs 79.45 cr 30 Oct, 2007, 1731 hrs IST
Oberoi group co EIH Ltd reported a net profit of Rs 79.45 crore for half financial year ending September 30.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Steel Authority of India announced a 17.84% jump in net profit at Rs 17,002.40 million for the quarter ended September 2007, as compared to Rs 14,428.10 million for the quarter ended September 2006.
Steel Authority of India's net profit jumped 17.84 per cent to Rs 1,700.24 crore for the quarter ended September 2007 compared with Rs 1,442.81 crore in the same quarter previous year.
DLF Q2 FY08 net profit up at Rs 2018 cr
DLF in Q2 FY08 has reported net profit of Rs 2018 crore versus Rs 1515.48 cr on QoQ basis. During the corresponding quarters, its net sales were up at Rs 3250 crore versus Rs 3073.78 crore.
ONGC net up 22.13% in Sep`07 qtr
Oil & Natural Gas Corporation (ONGC), India`s second largest company by market capitalisation registered a robust 22.13% growth in net profit to Rs 50,974.80 million for the quarter ended September 2007 as compared with Rs 41,739.80 million for the corresponding quarter last fiscal.Net sales for the quarter rose 9.56% to Rs 154,139.20 million as against Rs 140,685.50 million for the same quarter a year ago.
Total income for the quarter rose 10.76% to Rs 166,238.90 million as compared with Rs 150,082.60 million for the corresponding quarter previous year.
The basic and diluted earnings per share (EPS) after extra ordinary items, of the company stood at Rs 23.83 in the quarter ended September 2007.
Unitech Q2 net soars 298% at Rs 410 cr30 Oct, 2007, 1804 hrs IST
Unitech's profit after tax jumped 298 per cent at Rs 410.12 crore for the quarter ended September 30.
Nestle net up 39.86% in Sep`07 qtr
Nestle India registered a robust 39.86% growth in net profit to Rs 1,160.60 million for the quarter ended September 2007 as compared with Rs 829.80 million for the corresponding quarter last year.
Net sales for the quarter rose 25.47% to Rs 9,067.40 million from Rs 7,226.60 million for the same quarter a year ago.
Total income for the quarter rose 25.44% to Rs 9,124.00 million as against Rs 7,273.30 million for the corresponding quarter previous year.
The earnings per share (EPS) of the company stood at Rs 12.04 in the quarter ended September 2007.
CEAT Q2 earnings jumps 6.6 times
CEAT, the flagship company of the Rs 115 billion RPG Group and one of India`s leading tyre manufacturers, reported a vastly improved performance in quarter ended September 07. The net profit for the quarter stood at Rs 255 million up by about 6.6 times compared with Rs 38.3 million in the same period last year.The company`s gross sale for the quarter stood at Rs 6,490 million up by 8% as against Rs 6,020 million in the same period last year. EBITDA margin to net sales nearly doubled to 10.7%. Exports also grew by 31% in the second quarter over the same quarter in the previous year.
Indo Rama Synthetics Q2 net climbs 35.17%
Indo Rama Synthetics (India) registered a substantial growth of 35.17% in net profit for the quarter ended September 2007, helped by robust sales growth.During the quarter, the company saw a rise in net profit to Rs 118 million from Rs 87.3 million in the same quarter of the previous year. Earnings per share for the quarter climbed 36.36% to Rs 0.9 compared with a year ago period.Net sales for the quarter jumped 70.31% to Rs 6,693.60 million, while total income for the quarter climbed 68.85% to Rs 6,742.40 million, when compared with the corresponding quarter, a year ago.
Maharashtra Seamless` net down 6.47% for Sep`07 qtr
Tata Chemicals Q2 consolidated net climbs 12.23% 30
India`s leading manufacturer of inorganic chemicals, fertilizers and food additives, Tata Chemicals (TCL) registered a growth of 12.23% in consolidated net profit for the quarter ended September 2007. During the quarter, the company saw a rise in consolidated net profit to Rs 2,082.20 million from Rs 1,855.30 million in the same quarter of the previous year. Consolidated total revenue for the quarter climbed 6.93% to Rs 17,776.90 million compared with a year ago period.
Alstom Projects net down 22.68% in Sep`07 qtr
the quarter ended September 2007, as against Rs 313.00 million for the same quarter, a year ago.Net sales rose 48.71% to Rs 3,981.00 million in the quarter, from Rs 2,677.00 million for the same quarter, last year.
Crompton Greaves consolidated net at Rs 909.40 mn
On consolidated basis, Crompton Greaves (Q, N,C,F)* reported a net profit after tax, minority interest and share of profit of associates companies of Rs 909.40 million for the quarter ended Sep. 30, 2007. Total Income is Rs 16,742.30 million for the quarter ended Sep. 30, 2007.
On standalone basis, the company announced a substantial jump of 82.46% in the net profit during the quarter ended September 2007. The company posted a net profit after tax of Rs 741.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 406.60 million for the quarter ended Sep. 30, 2006. Total Income increased by 21.31% to Rs 10,110.30 million, for the quarter ended Sep. 30, 2007 from Rs 8,334.00 million for the quarter ended Sep. 30, 2006.
Torrent Pharma (consolidated) net up 15% in Q2
Parsvnath Dev doubles to Rs 1 bn for Sep`07 qtr
Delhi-based real estate major Parsvnath (Q, N,C,F)* Developers posted a phenomenal 2.05 times growth in net profit to Rs 1,007.38 million, for the quarter ended September 2007 as compared with Rs 489.26 million for the same quarter last year.
Total Income increased 39% to Rs 4,077.20 million for the quarter ended September 2007 from Rs 2,933.38 million for the quarter ended September 2006.
Consolidated Results
The company on consolidated basis posted net profit of Rs 1027.73 million, on total income of Rs 4,127.07 for the quarter ended Sep. 30, 2007.
Sical Logistics net up 54% in Q2
Sical Logistics announced a 53.76% jump in net profit to Rs 94.10 million for the quarter ended September 2007, as compared to Rs 61.20 million for the same quarter last year.
Net sales dropped 4.9% to Rs 2,334.60 million, as compared to Rs 2,454.90 million a year ago.
Total Income rose to Rs 2,489.80 million for the quarter ended September 2007 ,where as the same was at Rs 2,485.60 million for the quarter ended September 2006.
IOC net up 25.16% in Sep` 07 qtr
Praj Industries net rises 55% in Q2
Praj Industries announced a 54.83% rise in net profit to Rs 270.92 million for the quarter ended September 2007, as compared to Rs 174.98 million for the quarter ended September 2006. Net sales rose 15.32% to Rs 1,702.98 million as compared to Rs 1,476.72 million a year ago.Total Income rose to Rs 1,817.33 million for the quarter ended September 2007 where as the same was at Rs 1,487.64 million for the same quarter of the previous year.
Take Solutions net at Rs 53.67 mn in Sep`07 qtr
Shaw Wallace net up 8.58 times in Sep`07 qtr
Shaw Wallace & Company registered 8.58 times growth in net profit to Rs 63.50 million for the quarter ended September 2007, as against Rs 7.40 million for the same quarter, a year ago.Net sales rose 13.09% to Rs 463.00 million in the quarter, from Rs 409.40 million for the same quarter, last year.Total income rose 20.42% to Rs 511.80 million for the quarter ended September 2007, from Rs 425.00 million in the same quarter of previous
ABG Shipyard net up 26% in Q2
ABG Shipyard announced a 26% rise in net profit to Rs 341.07 million for the quarter ended September 2007, as compared to Rs 270.72 million for the same quarter ended last year.Total Income rose 26.06% to Rs 2,119.72 million for the quarter ended September 2007, where as the same was at Rs 1,681.44 million for the quarter ended September 2006.
PVR net rises 86% in Sep`07 qtr
PVR Cinemas announced a 86.01% rise in net profit to Rs 62.50 million for the quarter ended September 2007 as compared to Rs 33.60 million for the quarter ended September 2006. Total Income rose 41% to Rs 639.40 million for the quarter ended September 2007 where as the same was at Rs 453.50 million for the quarter ended September 2006
Adlabs net flat at Rs 203.01 mn in Sep`07 qtr
ADAG-controlled Adlabs Films (Q, N,C,F)* recorded almost flat net profit of Rs 203.01 million for the quarter ended September 2007 as compared to Rs 204.64 million for the same quarter last year. Net sales for the quarter jumped 2.52 times to Rs 1,264.23 million as compared with Rs 500.84 million for the quarter ended September 2006. Total Income also surged 2.65 times to Rs 1,580.37 million for the quarter ended September 2007 from Rs 595.97 million for the quarter ended September 2006.
ICRA (consolidated) net soars 2.60 times in Sep`07 qtr
Credit rating agency ICRA`s (Q, N,C,F)* consolidated net profit soared 2.60 times to Rs 81.58 million for the quarter ended Sep. 30, 2007 as compared with Rs. 31.30 million for the corresponding quarter of the previous fiscal. ICRA consolidated total income for the quarter ended Sep. 30, 2007 was Rs 282.20 million as against Rs. 167.10 million in the corresponding quarter of the previous fiscal, reflecting growth of 69%.
Mphasis net jumps 2.73 times in Sep`07 qtr
Empire Industries` net climbs 44.30% in Sep`07 qtr
Tata Power Q2 earnings climbs 27.24%
Tata Power, a part of Tata Group and India`s largest private sector power utility registered a growth of 27.24% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 2,574.30 million from Rs 2,023.20 million in the same quarter of the previous year. The company posted diluted earnings per share of Rs 11.66 in quarter ended September 07.Net sales for the quarter rose 12.47% to Rs 13,505.60 million, while total income for the quarter climbed 15.86% to Rs 14,820 million, when compared with the corresponding quarter, a year ago.
Man Inds Q2 net profit up at Rs 18.9 cr
30th-Oct-2007
Man Industries in Q2 has posted net profit of Rs 18.9 cr versus Rs 14.8 cr, up 28% on YoY basis. During the corresponding quarters, its total income was up 21% at Rs 354.7 cr versus Rs 292.6 cr.
Unitech Q2 net profit up at Rs 410.12 cr
30th-Oct-2007
Unitech in Q2 FY08 has reported net profit of Rs 410.12 cr, up 12.15% versus Rs 365.67 crore in the previous quarter. During the corresponding quarters, its net revenues were at Rs 101348 crore versus Rs 865.59 crore, up 17.08% on QoQ basis.
GHCL Q2 net profit at Rs 25.4 cr
30th-Oct-2007
Gujarat Heavy Chemicals, GHCL has come out with second quarter numbers. It has posted net profit of Rs 25.4 crore and net sales of Rs 230 crore.
Crompton Greaves Q2 net profit at Rs 74.2 cr
30th-Oct-2007
Crompton Greaves has announced its second quarter numbers. It has posted net profit of Rs 74.2 crore and total income of Rs 1,011 crore for the quarter ended September 2007.
Kesoram Industries Q2 net profit at Rs 89.4 cr
30th-Oct-2007
Kesoram Industries has declared its second quarter numbers. It has posted net profit of Rs 89.4 crore for the quarter ended September 2007 as against Rs 56.8 crore in same quarter of last year.
Parsvnath Q2 net profit at Rs 102.7 cr
30th-Oct-2007
Parsvnath Developers has come out with second quarter numbers. It has posted net profit of Rs 102.7 crore for the quarter ended September 2007 as against Rs 102 crore in previous quarter.
Apar Industries Q2 net profit at Rs 42 cr
30th-Oct-2007
Apar Industries has announced its second quarter numbers. It has posted net profit of Rs 42 crore for the quarter ended September 2007 as against Rs 12 crore in same quarter of last year.
Bartronics Q2 net profit up at Rs 4.16 cr
30th-Oct-2007
Bartronics in Q2 FY08 has posted net profit of Rs 4.16 cr versus Rs 3.26 cr in the same quarter previous year. During the corresponding quarter, its net sales were up at Rs 29 crore versus Rs 16 crore.
Graphite India Q2 net profit up at Rs 37.95 cr
30th-Oct-2007
Graphite India in Q2 FY08 reported net profit of Rs 37.95 cr versus Rs 27.43 cr, YoY basis. During the corresponding quarters, its net sales were up at Rs 265 crore versus Rs 216 cr. Its Q2 FY08 OPM stood at Rs 19.4% versus 18.3%, YoY.
Gallantt Metal Q2 net profit at Rs 5.75 cr
30th-Oct-2007
Gallantt Metal has announced its second quarter numbers. Its net profit jumped to Rs 5.75 crore for the quarter ended September 2007 as against Rs 2.25 crore in corresponding quarter of last year.
Consolidated Const Q2 net profit at Rs 30.3 cr
30th-Oct-2007
onsolidated Construction has come out with second quarter earnings. It has posted net profit of Rs 30.3 crore in Q2FY08 compared to Rs 19.1 crore in previous quarter.
SEL Mfg Q2 net profit at Rs 18.8 cr
30th-Oct-2007
SEL Manufacturing has come out with second quarter numbers. It has posted net profit of Rs 18.8 crore for the quarter ended September 2007 as against Rs 10.3 crore in same quarter of previous year.
JP Hydro Q2 net profit at Rs 127 cr
30th-Oct-2007
Jaiprakash Hydro has declared its second quarter earnings. Its Q2 reported net profit increased to Rs 127 crore from Rs 62 crore. Net profit before exceptionals also jumped to Rs 73 crore from Rs 62 crore.
Parsvnath Q2 net jumps two-fold at Rs 101 cr
The total income also surged by 39 per cent at Rs 407.72 crore for the second quarter as against Rs 293.34 crore for the corresponding period a year ago.
Crompton Greaves Q2 net profit up 82% 30 Oct, 2007, 1530 hrs IST
Crompton Greaves' July-September net profit rose 82 per cent to Rs 74.19 crore compared with Rs 40.66 crore for the same quarter of previous year.
EIH H1 net up two-fold at Rs 79.45 cr 30 Oct, 2007, 1731 hrs IST
Oberoi group co EIH Ltd reported a net profit of Rs 79.45 crore for half financial year ending September 30.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
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