VC, PE Updates

Suzlon To Raise $1.27-Billion From Domestic And Overseas Markets

Bahrain’s Gulf Finance House Raises $630M For Energy City India

Motilal Oswal Venture Capital Invests Rs 31 Crore In RT Outsourcing

IFMR Trust Plans Two Funds Of $140M To Support Rural Enterprises, MFIs

Agencyfaqs Nets Second Round Investment From Seedfund

Kotak Buys 10% In Sunteck; Ishaan Invests $272.5M In K Raheja Projects

Global Infrastructure Partners, Zeus Form JV To Buy 74% In East India Petroleum

GVFL Invests $1 Million In Sahajanand Laser Technology

The Pitfalls Of Investing In India And How To Avoid Them: Evalueserve Report

Kerala Ayurveda Ltd subsidiary acquires 51% stake in CMS-Katra Nursing LLC

Satyam to acquire 100% stake in Nitor Global Solutions

IDFC buys 48.4% in SMS Shivnath Infrastructure Limited

Sequoia Capital to invest US$ 500-600 mn. in India

Fishman sells 10% of Indian real estate co to Migdal for $60m

Deutsche likely to infuse $125 mn into Golden Gate

PE investments in pharma touch $400 m



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Economic Times Headlines

Two Indians on Time's global "Heroes of Environment" list
500 companies defy meltdown, add Rs 60K to investor kitty

R-Money offers free trading accounts
Reliance Ind Infra falls 5 per cent
KDDL eyes acquisition in Switzerland
Madhya Pradesh okays 83 investment proposals
Prudential 9-month sales up 15 pc
Block deal of 4.82 pc of United Breweries on BSE
Overseas growth drives ICICI Bank momentum

KS Oils July-Sept net at Rs 265.8 mn
Triveni in pact with GE for compressors
RIL to club eight discoveries to D1/D3 finds in KG basin
Siemens gets Rs 330 crore order from Tata Steel
Greenply to acquire plywood firms, plans new units

BSNL to invest Rs 60,000 cr by 2010, aims top slot in GSM
BSNL declares Rs 500 cr dividend for 2006-07
Reliance Ind Infra falls 5 per cent
Suzlon to list Belgium-based subsidiary on LSE

What to expect on October 25 SEBI meet?
Heard on the street



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Other Results and Result calendar

Other Results and Result calendar

Mindtree Consulting has announced its second quarter numbers. It has posted 34.6% growth in its net profit of USD 6.7 million.

Shree Cement Q2 net profit at Rs 106.2 cr

Subex Azure Q2 net loss at Rs 34.8 cr

HOEC Q2 net profit at Rs 7.4 cr

Jain Irrigation Q2 net profit at Rs 30 cr


24-Oct-2007 Quarterly Results Calendar from Myiris.Com

3I INFOTECH

ALLIDE DIGITAL

AREVA

BANK OF MAH


CASTROL IND

CIPLA

CYBER MEDIA

D C M SHRIRAM CON

D C W LTD.

DABUR INDIA

DISHMAN PHAR

DR. REDDY

GEODESIC

GUJ AMB EXP
24-Oct-2007
Quarterly Results & To note development of Maize Processing Project at Uttranchal.
GUJ IND POW

HIND MOTORS

HOTEL LEELA

INNOVA FOOD

J B F IND

KUSHAGRA SOFT

LUPIN LTD

M M FORGINGS

MACMILAN IND


MARICO LTD

MERCATOR LIN

MRO-TEK LTD

MUKAND ENGG

NAVNEET PUB.

OPTO CIRCUITS

PAGE INDUSTR


PARADYNE INF

PHOENIX MILL

SADBHAV ENGG

SAKTHI SUGAR

SUN TVNET

T V S MOTOR

TELE DATA

TOURISM FIN

UNION BANK

VICEROY HOTEL

VIJAYA BANK


Result Calendar Updates from Indiaearnings.com

3i Infotech 24-Oct-07

Allied Digital 24-Oct-07

Anant Raj Ind 24-Oct-07

Bank of Mah 24-Oct-07

Bihar Caustic 24-Oct-07

Blue Star 24-Oct-07

Castrol 24-Oct-07

Cholamandalam 24-Oct-07

Cipla 24-Oct-07

Cyber Media 24-Oct-07

Dabur India 24-Oct-07

DCM Shriram Con 24-Oct-07

DCW 24-Oct-07

Dishman Pharma 24-Oct-07

Dr Reddys Labs 24-Oct-07

Eastern Silk 24-Oct-07

Ent Network Ind 24-Oct-07

Excel Crop Care 24-Oct-07

Fact Enterprise 24-Oct-07

Fert and Chem 24-Oct-07

Genesys Int 24-Oct-07

Geodesic 24-Oct-07

GIC Housing Fin 24-Oct-07

Guj Amb Exports 24-Oct-07

Guj Gas 24-Oct-07

Guj Ind Power 24-Oct-07

Himadri Chem 24-Oct-07

Hind Motors 24-Oct-07

Hotel Leela 24-Oct-07

JBF Industries 24-Oct-07

JK LakshmiCemen 24-Oct-07

Krebs Biochem 24-Oct-07

Lakshmi Vilas 24-Oct-07

Lupin 24-Oct-07

Macmillan 24-Oct-07

Mahindra Ugine 24-Oct-07

Marico 24-Oct-07

Mercator Lines 24-Oct-07

Minda Ind 24-Oct-07

MM Forgings 24-Oct-07

Mukund Engg 24-Oct-07

Mysore Cement 24-Oct-07

Navneet 24-Oct-07

Nitco Tiles 24-Oct-07

NRC 24-Oct-07

OCL India 24-Oct-07

Opto Circuits 24-Oct-07

Page Industries 24-Oct-07

Paradyne Info 24-Oct-07

Phoenix Mills 24-Oct-07

Pitti Laminatio 24-Oct-07

Premier 24-Oct-07

Rane Engine 24-Oct-07

Revathi CP 24-Oct-07

Sadbhav Eng 24-Oct-07

Sakthi Sugars 24-Oct-07

Stindia 24-Oct-07

Sun TV Network 24-Oct-07

Swaraj Engines 24-Oct-07

Teledata Info 24-Oct-07

Tourism Finance 24-Oct-07

TVS Motor 24-Oct-07

UCO Bank 24-Oct-07

Union Bank 24-Oct-07

Viceroy Hotels 24-Oct-07

Vijaya Bank 24-Oct-07



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Other Results: India Infoline, Finolex Cables, Ashok Leyland etc

India Infoline consolidated net up 2.58 times in Q2 (updated)

Financial services space reported a 2.58 times rise in its net profit to Rs 536.7 million for the quarter ended September 2007, from Rs 207.6 million in the corresponding quarter a year ago. Total income rose 2.46 times to Rs 1,952.90 million for the quarter ended September 2007 from Rs 794.9 million, for the same period last year.India Infoline, on a standalone basis disclosed a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 4.60 times rise in profit to Rs 455.38 million, from Rs 98.88 million in the quarter ended September 2006.Net sales for the quarter rose 7.21 times to Rs 1,191.12 million, compared with Rs 165.03 million in the corresponding quarter, a year ago. Total income rose 7.52 times to Rs 1,309.95 million for the quarter ended September 2007, from Rs 184.75 million for the same period last year.The diluted EPS after extraordinary item stood at Rs 7.31 for the quarter ended September 2007.

Zee Entertainment Q2 consolidated net jumps 4.61 times

Leading media house, Zee Entertainment Enterprises registered a phenomenal growth of 4.61 times in consolidated net profit for the quarter ended September 2007. During the quarter, the company experienced a rise in consolidated net profit to Rs 970.60 million, from Rs 210.10 million in the same quarter of the previous year. Consolidated total income during the quarter jumped 15.43% to Rs 4,210.70 million compared with the corresponding quarter, a year ago.

Bhushan Steel net rises 49% in Sep`07 qtr

Bhushan Steel announced a 48.60% jump in net profit at Rs 1,034.10 million for the quarter ended September 2007, compared with Rs 695.90 million for the quarter ended September 2006. Net Sales rose 7.38% to Rs 10,681.20 million in the quarter, from Rs 9,947.10 million in the same quarter, a year ago.Total Income stood at Rs 10,815.90 million for the quarter ended September 2007, where as the same was at Rs 9,995.80 million for the quarter ended September 2006

Indiabulls Financial net vaults 3.8 times in Q2

Finolex Cables Q2 earnings climb 24.65% (Update)

Binani Cement net drops 5.52% in Sep `07 qtr

Coromandel Fertilisers Q2 net climbs 27.39%

Ashok Leyland net declines 15.75% for Q2

Mangalam Cement net rises 36.91% for Sep `07 qtr

Britannia Q2 earnings zoom 2.29 times

Novartis India net rises 70.16% in Sep `07 qtr

Gujarat Alkalies net rises 57.51% in Sep`07 qtr

Apollo Hospitals net falls 52.98% in Q2

GlaxoSmithkline Consumer net rises 39.38% in Sep`07 qtr

Micro Inks swings to (consolidated) profit of Rs 220 mn in Q3

Madras Cements Q2 net climbs 34.17%

Riddhi Siddhi Gluco net down 24.73% for Sep`07 qtr

Amara Raja Batteries Q2 net up 62%

Eicher Motors net up 17.77% in Sep`07 qtr

Bannari Amman Spinning Mills net up 12.5% in Sep`07 qtr

Twilight Litaka net up 65.89% in Sep`07 qtr

Gujarat Alkalies net rises 57.51% in Sep`07 qtr



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Satyam, Suzlon, Indiabulls Results

Suzlon Energy Q2 net profit up 40% at Rs 355.58 cr


MUMBAI: Suzlon Energy reported a 40 per cent jump in net profit of Rs 355.58 crore for the quarter ended September against Rs 253.49 crore in the same quarter a year ago. Total income rose 31 per cent to Rs 1687.45 crore from Rs 1285.45 crore in the corresponding quarter previous year. Suzlon’s consolidated net profit for the quarter ended September was up 68 per cent at Rs 394.70 crore against Rs 235.37 crore for the same period a year ago. Sales stood at Rs 3641.29 crore against Rs 2086.98 crore for the same quarter previous year. At 11:11 am, shares of Suzlon Energy were up 12.55 per cent at Rs 1787 from its previous day’s close.


Satyam Computer Q2 net profit up 29% at Rs 417.1 cr


MUMBAI: Satyam Computer Services reported 29 per cent jump in net profit at Rs 417.15 crore for the quarter ended September as compared with Rs 322.34 crore in the same quarter previous year. Total income increased by 31% to Rs 2056.44 crore from Rs 1565.84 crore in the corresponding quarter a year ago. The Satyam Computer Services group posted net profit of Rs 409.09 crore for the quarter ended September versus Rs 319.81 crore for the same quarter a year ago. Total income increased to Rs 2142.26 crore from Rs 1630.11 crore previous year. At 10:18 am, Satyam Computer shares were up 3.02 per cent at Rs 462 on the BSE.END


Indiabulls Financial Q2 net profit surges 282%


MUMBAI: Indiabulls Financial Services Ltd's July-September net profit rose 282 per cent to Rs 117.05 crore compared with Rs 30.63 crore in the same quarter of the previous year. Net sales increased 300 per cent to Rs 263.71 crore against Rs 65.87 crore year ago. Indiabull group's net profit for the September quarter was up 82 per cent to Rs 173.20 crore against Rs 95.10 crore same period year ago. Net sales rose 83 per cent to Rs 492.87 crore against Rs 269.79 crore in the same period year ago. At 10:00 am, Indiabulls Financial shares were at Rs 574 on NSE, down 0.73 per cent from Monday’s close.


GTL Q2 net profit at Rs 45.43 cr
Dish TV July-Sept net loss Rs 919.4 mn
Orient Paper July-Sept net Rs 583.2 mn
KS Oils July-Sept net at Rs 265.8 mn
Dewan Housing July-Sept net at Rs 162 mn
Godrej Consumer Q2 net up 19 pc at Rs 37 cr
BASF up 5% at Rs 245 on Q2 net profit
Hotel Leelaventure July-September net seen up 29.5 pc


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Sensex records its biggest single day gain, ends 879 pts up

Sensex ends 879 pts up

Sensex 18493 (879)
Nifty 5474 (290)

Strong global markets, fairly buoyant results from India Inc and the market regulator SEBI's proposal to undertake a full review of regulations relating to the foreign portfolio investors at its board meeting later this week were among the prominent triggers that sent the bulls on a rampage today. So sustained and stubborn were the bulls that it was a long trip up north for several blue chip stocks and the benchmark indices Sensex and the Nifty today.

The Sensex, which opened with a positive gap of nearly 300 points at 17,910.30 and hit a high of 18,542.41 in intra-day trades, settled at 18,492.84 with a thumping gain of 878.85 points, its biggest ever single day surge in absolute term. The previous best was the 778.85 points gain it had recorded on October 9, 2007. The Nifty, which hit a high of 5488.50 in late afternoon trade, ended with a gain of 5.59% or 289.70 points at 5473.70.

A fair share of the rise in values of frontline stocks could also be attributed to short-covering ahead of October series derivatives contracts. The mood was so buoyant that only a few stocks, Tata Consultancy Services (down 0.95%), Ambuja Cements (down 0.55%), Wipro (down 0.45%), HDFC (down 0.25%) and Infosys Technologies (down 0.15%), among the Sensex components failed to close on the positive side. All these stocks, however, had enjoyed a spell in the positive territory at some stage of the session today.

Index heavyweight Reliance Industries closed stronger by as much as 7.85% at Rs 2601.55. Capital goods heavyweights BHEL and Larsen & Toubro moved up by 11.55% and 7.55% respectively. Power stocks Reliance Energy (11.2%) and NTPC (8.85%) and telecom major Bharti Airtel (8.4%) also closed with hefty gains. Reliance Communications surged 4.9% to Rs 755.45.

Bank stocks, led by sector heavyweights HDFC Bank (7.45%), State Bank of India (5.85%) and ICICI Bank (3.65%) posted strong gains. Metal stocks had a fine run in the positive territory today. Tata Steel notched up a smart gain of 6.95%. Hindalco gained 3.85%.
Cipla (7.25%), Grasim Industries (5.4%), Maruti Udyog (4.6%), ACC (4.65%), ITC (4.35%), ONGC (4.25%), Hindustan Unilever (4.25%), Tata Motors (3.05%), Satyam Computer Services (3%), Dr. Reddy's Laboratories (2.95%), Mahindra & Mahindra (2.65%), Ranbaxy Laboratories (2.45%) and Bajaj Auto (2.15%) also ended on a high note.

SAIL posted an impressive gain of 10.75%. Unitech surged 10.2%. Suzlon Energy, backed up strong results and fat order book, recorded a smart gain of 9.15%. Punjab National Bank, Zee Entertainment, ABB, Reliance Petroleum, GAIL India, Tata Power and Siemens firmed up by 5% - 8%.

Sterlite Industries climbed up 4.65%. BPCL (2.95%), VSNL (2.95%), Hindustan Petroleum Corporation (2.85%), Nalco (2.75%), MTNL (2.5%) and Sun Pharmaceuticals (1.75%) also ended on a high note.

Punjab Lloyd, Crompton Greaves, AIA Engineering, Bharat Earth Movers, Alstom Projects, Areva, Thermax, Praj Industries, Kirloskar Oil Engines, Bharat Electronics, SKF India, Kalpataru Power, Havell’s India and Lakshmi Machine Works were among the top gainers in the capital goods index.

Bank of India zoomed 22.3% to Rs 314.80. Kotak Bank and Canara Bank moved up by 13.25% and 11.35% respectively. Yes Bank spurted 10%. Union Bank of India, Bank of Baroda, Oriental Bank of Commerce, Centurion Bank of Punjab, Axis Bank, Karnataka Bank, Indian Overseas Bank, IndusInd Bank, Federal Bank, Allahabad Bank, Andhra Bank, Indian Bank, IDBI, Dena Bank, Vijaya Bank and Syndicate Bank recorded impressive gains today.

Meal stocks Jindal Steel, Sesa Goa, Welspun Gujarat, Bhushan Steel, Maharashtra Seamless, JSW Steel and Jindal Stainless, auto and auto components stocks MRF, Escorts, Hindustan Motors, Exide Industries, Cummins India, TVS Motor, Amtek Auto, Apollo Tyres, Bharat Forge and Punjab Tractors ended with strong gains.

Divi's Laboratories, Aurobindo Pharma, Lupin, Opto Circuits, Apollo Hospitals, Cadila Healthcare, Nicholas Piramal, Sterling Biotech, Matrix Laboratories, Fortis Healthcare, Biocon, Novartis and Wockhardt were among the major gainers from the healthcare sector.
Midcap stock LIC Housing Finance vaulted 19.15%. Micro Inks, IVRCL Infrastructure, Educomp Solutions, United Breweries, Emami, EID Parry, Ballarpur Industries, Penland, KS Oils, Take Solutions, Bharat Bijli and Ispat Industries also finished with sparkling gains.

Thanks to widespread buying, the market breadth remained very strong today. Out of 2798 stocks traded on BSE, as many as 2089 stocks ended on a positive note. 658 stocks closed in the negative zone while 51 stocks ended at their previous closing levels.


Biggest Gain: Sensex ends up 879pts


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Day's Quote/Corporate Story

Quote of the Day

" There is no such thing as luck. Prepare and you will receive many opportunities."


Corporate/Personality of the Day

Naresh Goyal

Naresh Goyal (नरेश गोयल) is the founder Chairman of Jet Airways. He started operating Jet Airways in 1993. Following the 2005 IPO of Jet Airways, Forbes magazine declared him the 16th richest person in India with a net worth of $1.9 billion.
He has just taken over Air Sahara giving his company 32% of the Indian travel market

Further, Visit: http://en.wikipedia.org/wiki/Naresh_Goyal


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