BSE Sensex's roller coaster ride to 18K
Reliance Power set to become second largest power generator
Differences emerge in DoT over additional spectrum allocation
Global Assets Holding Corporation to raise Rs 560 cr
IndusInd to leapfrog in reach, profit with 600 offices
Bombay Dyeing partners with Dubai's Rivoli Group
L&T plans to enter nuclear power sector
IFC to invest $500 mn in infrastructure projects
JSW Steel to invest Rs 17,718 cr
Bajaj, Hero Honda offer discounts ahead of festive season
DLF to invest Rs 16,000 crore to build 20 big malls
Emerging market MFs absorb huge inflow
China 2nd largest contributor to economic growth
Dabbawalas turn business facilitators
India second largest investor in UK
Results season will throw up winners
Investing across sectors is a safer bet
Broking houses ride the bull to woo women
BPCL ties up with Godrej for agri-retail foray
Banks to set up $80 bn fund to limit credit crunch
M&M to restructure auto-component businesses
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14 October 2007
Corporate Updates
Rediff.Com
Forex reserves cross $250-bn
240 'defaulter' B-schools in MRTPC list :
RIL says rehab package better than govt's :
The truth about US FDI in China
Emerging economies can offset US slowdown
India@60: Are we on the right track?
Business Standard
Nikon unveils festive discounts, new digicam
RIL eyes 10 bn barrels of oil equivalent reserve
Bilcare plans Rs 100cr clinical training spend
IDFC H1FY08 net up 31% to Rs 375cr
CMC Q2 net up 93%
Reliance allots shares to IPCL shareholders
UB signs pact with Bengali rock band Bhoomi
Bank of Baroda cuts home loan rates again
BusinessLine.in
Carborundum Universal: Buy
Trader's Corner
'India still a favourite market'
Magnum COMMA Fund: Invest
Templeton India Equity: Invest
M&As and stock calls
Biased towards large-cap stocks
Sify.Com
IFC to invest $500 m in infrastructure
Asahi India Glass: Hold
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Forex reserves cross $250-bn
240 'defaulter' B-schools in MRTPC list :
RIL says rehab package better than govt's :
The truth about US FDI in China
Emerging economies can offset US slowdown
India@60: Are we on the right track?
Business Standard
Nikon unveils festive discounts, new digicam
RIL eyes 10 bn barrels of oil equivalent reserve
Bilcare plans Rs 100cr clinical training spend
IDFC H1FY08 net up 31% to Rs 375cr
CMC Q2 net up 93%
Reliance allots shares to IPCL shareholders
UB signs pact with Bengali rock band Bhoomi
Bank of Baroda cuts home loan rates again
BusinessLine.in
Carborundum Universal: Buy
Trader's Corner
'India still a favourite market'
Magnum COMMA Fund: Invest
Templeton India Equity: Invest
M&As and stock calls
Biased towards large-cap stocks
Sify.Com
IFC to invest $500 m in infrastructure
Asahi India Glass: Hold
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
IDFC H1 net up 31 per cent to Rs 375 cr
IDFC H1 net up 31 per cent to Rs 375 cr
MUMBAI: Infrastructure Development Finance Company (IDFC) on Sunday said it has posted a net profit of Rs 375 crore for the half-year ended September 30, up 31 per cent from Rs 286 crore in the corresponding period last year.
The company's net interest income increased to Rs 329 crore during the period, a growth of 55 per cent over Rs 213 crore in the year-ago period, an IDFC release said here.
Its non-interest income for the first six months of the current fiscal stood at Rs 293 crore, a rise of 92 per cent from Rs 153 crore a year ago.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
MUMBAI: Infrastructure Development Finance Company (IDFC) on Sunday said it has posted a net profit of Rs 375 crore for the half-year ended September 30, up 31 per cent from Rs 286 crore in the corresponding period last year.
The company's net interest income increased to Rs 329 crore during the period, a growth of 55 per cent over Rs 213 crore in the year-ago period, an IDFC release said here.
Its non-interest income for the first six months of the current fiscal stood at Rs 293 crore, a rise of 92 per cent from Rs 153 crore a year ago.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
CCCL may see Rs 200 plus premium on listing: Experts
CCCL may lists at Rs 200 plus premium: Experts
Consolidated Construction Consortium (CCCL), a provider of integrated turn-key construction services, will list on the bourses with its public issue shares on Monday, October 15, 2007.
According to Investment Advisor, S P Tulsian, "Consolidated Construction Consortium is likely to list at Rs 700 per share on Monday against issue price of Rs 510 per share. Profit booking is advised and no fresh entry should be made as better secondary market plays are available."
R S Iyer of KR Choksey Securities says, "Consolidated Construction is expected to list at around Rs 550-600. Above Rs 650, one can book profits."
"CCCL is likely to list with premium of Rs 250 that means Rs 760 against its issue price of Rs 510 and advise to hold for long term", Manish Bhatt of Prabhudas Lilladher said.
"CCCL has about two decades of experience in the construction sector. The Company is having an Order book worth Rs 2050 crores which is 2.5x FY07 sales. With a number of IT parks, SEZ, malls planned in next 2-3 years we believe CCCL is poised to exploit the opportunity and show strong growth in the next 3-5 years", Arpit Agrawal- Head Of Research - Arihant Capital Markets said.
The company had enterd capital market with a public issue of 37,00,000 equity shares of Rs 10 each at price band of Rs 460-510 per equity share. The issue was subscribed 81.18 times.
The company raised Rs 188.70 crore from the issue at price of Rs 510 per share, a higher end of price band. The company will use this money to finance the acquisition of construction infrastructure, investment in subsidiaries, expenditures towards skill and management development centre, repayment of loans and expenditure for general corporate purposes.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.moneycontrol.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Consolidated Construction Consortium (CCCL), a provider of integrated turn-key construction services, will list on the bourses with its public issue shares on Monday, October 15, 2007.
According to Investment Advisor, S P Tulsian, "Consolidated Construction Consortium is likely to list at Rs 700 per share on Monday against issue price of Rs 510 per share. Profit booking is advised and no fresh entry should be made as better secondary market plays are available."
R S Iyer of KR Choksey Securities says, "Consolidated Construction is expected to list at around Rs 550-600. Above Rs 650, one can book profits."
"CCCL is likely to list with premium of Rs 250 that means Rs 760 against its issue price of Rs 510 and advise to hold for long term", Manish Bhatt of Prabhudas Lilladher said.
"CCCL has about two decades of experience in the construction sector. The Company is having an Order book worth Rs 2050 crores which is 2.5x FY07 sales. With a number of IT parks, SEZ, malls planned in next 2-3 years we believe CCCL is poised to exploit the opportunity and show strong growth in the next 3-5 years", Arpit Agrawal- Head Of Research - Arihant Capital Markets said.
The company had enterd capital market with a public issue of 37,00,000 equity shares of Rs 10 each at price band of Rs 460-510 per equity share. The issue was subscribed 81.18 times.
The company raised Rs 188.70 crore from the issue at price of Rs 510 per share, a higher end of price band. The company will use this money to finance the acquisition of construction infrastructure, investment in subsidiaries, expenditures towards skill and management development centre, repayment of loans and expenditure for general corporate purposes.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.moneycontrol.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Day's Quote/Corporate Story
Quote of the Day
" If things don't happen by your wish, make them happen by your will."
Personality / Corporate of the Day
Sunil Mittal
Sunil Bharti Mittal, born June 15, 1957 is an Indian businessman. He is the chairman and managing director of the Bharti group. The $4.5 billion turnover company runs India's largest GSM-based mobile phone service.
Further Information: http://en.wikipedia.org/wiki/Sunil_Mittal
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers