http://economictimes.indiatimes.com/
Reliance Power issue price fixed at Rs 450
Reliance Power IPO lights up rural Maharashtra
Women line up for Reliance Power IPO
R-Power IPO overbooked 72.7 times
REL Power, L&T qualify for Talwandi Sabo power project
Jet Airways to start Mumbai-San Francisco service via China
TRAI to come out with consultation paper on fate of ADC
Amtek Auto to supply engine parts for Tata Nano
Auto firms should focus on electricity driven motors
RBI pumps in Rs 54 billion into market
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Moneycontrol.com
ICICI Bank Q3 net profit up at Rs 1230 c...
Mkts to look for cues from Budget next month: Kotak AMC
Mkts likely to see near-term pressure: SBI MF
Mkts should see support at 19K: StanChart Bk
BSE smallcap index: Top gainers and losers
Rel Power IPO subscribed 73x
Wipro sees 7% sequential growth in US
ICICI Bk to complete ICICI Sec IPO by April-June
Mkts to look for cues from Budget next month: Kotak AMC
Wall Street ends lower; Dow slips 60 points
Bad day of trade: 87 advances to 1,148 declines
Source: Economic Times, Moneycontrol. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
19 January 2008
REL Power and Other IPO news
Rel Pwr IPO gets over $100 bn bids from foreign investors
Speaking at a press conference, Anil Ambani, Group Chairman and CEO, Reliance ADAG said the Reliance Power IPO has got over USD 100 billion bids from foreign investors. He added that it is the largest IPO in the Asia Pacific power sector, reports CNBC-TV18.
The issue price is fixed at Rs 450 per share and the price is upper limit of price band. Retail investors will get a discount of Rs 20 per share, he added. The IPO will have 50 lakh retail investors on listing. Reliance Power will list in early February, he stated. According to Ambani, Reliance Power has no equity dilution plan as of now.
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ICICI Bk to complete ICICI Sec IPO by April-June
Enam, JM Fin, Kotak top money collectors in R Power IPO
25% listing price band for issues up to Rs 250cr: ...
KNR Constructions IPO opens on Jan 24
Good IPOs will continue to get good response: Enam
Financial Soft to raise Rs 250 cr; mulls IPO,
Coal India to consider IPO after getting Navr
15% pre-IPO placement to Citigroup likely: Wo
KNR Const to raise Rs 134-142 cr via IPO
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Issues Open Now
Equity
Offer Price
Open
Close
J Kumar Infra (read profile)
Not Rated
110-120
18-01
23-01
Messages MC Articles Prospectus
Cords Cable Ind (read profile)
Not Rated
125-135
21-01
24-01
Messages MC Articles Prospectus
OnMobile Global (read profile)
Not Rated
425-450
24-01
29-01
Messages MC Articles
KNR Constructio (read profile)
Not Rated
170-180
24-01
29-01
Messages MC Articles
Bang Overseas (read profile)
Not Rated
200-207
28-01
31-01
Speaking at a press conference, Anil Ambani, Group Chairman and CEO, Reliance ADAG said the Reliance Power IPO has got over USD 100 billion bids from foreign investors. He added that it is the largest IPO in the Asia Pacific power sector, reports CNBC-TV18.
The issue price is fixed at Rs 450 per share and the price is upper limit of price band. Retail investors will get a discount of Rs 20 per share, he added. The IPO will have 50 lakh retail investors on listing. Reliance Power will list in early February, he stated. According to Ambani, Reliance Power has no equity dilution plan as of now.
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ICICI Bk to complete ICICI Sec IPO by April-June
Enam, JM Fin, Kotak top money collectors in R Power IPO
25% listing price band for issues up to Rs 250cr: ...
KNR Constructions IPO opens on Jan 24
Good IPOs will continue to get good response: Enam
Financial Soft to raise Rs 250 cr; mulls IPO,
Coal India to consider IPO after getting Navr
15% pre-IPO placement to Citigroup likely: Wo
KNR Const to raise Rs 134-142 cr via IPO
----------------------------------------------------
Issues Open Now
Equity
Offer Price
Open
Close
J Kumar Infra (read profile)
Not Rated
110-120
18-01
23-01
Messages MC Articles Prospectus
Cords Cable Ind (read profile)
Not Rated
125-135
21-01
24-01
Messages MC Articles Prospectus
OnMobile Global (read profile)
Not Rated
425-450
24-01
29-01
Messages MC Articles
KNR Constructio (read profile)
Not Rated
170-180
24-01
29-01
Messages MC Articles
Bang Overseas (read profile)
Not Rated
200-207
28-01
31-01
Results:Guj NRE, Idea, GIC Hsg, Binani cement, IPCA etc
Gujarat NRE net up 3.63 times for Dec `07 qtr (Q3)
Gujarat NRE Coke has registered a 3.63 times growth in net profit, to Rs 499.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 137.70 million in the corresponding quarter last fiscal. Net sales stood at Rs 2,428.00 million in the quarter ended Dec. 31, 2007, as against Rs 1,746.40 million in the same period last year, recording a growth of 39.03%.
Total income reported an increase of 41.07% to Rs 2,525.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,790.40 million for the same period last year.The diluted earning per share (EPS) after extra ordinary items on Dec. 31, 2007 worked out to Rs 1.45.The company is engaged in manufacturing low ash metallurgical coke and steel. It manufactures low ash metallurgical coke (LAMC), has wind mills (27.5 MW), and a mini steel mill manufacturing TMT bars from recycled steel scraps. Shares of the company gained Rs 0.45, or 0.33%, to settle at Rs 138.65. The total volume of shares traded was 1,482,438 at the BSE. (Friday).
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Idea Cellular net up 2.09 times for Dec `07 qtr
Idea Cellular Q3 net more than doubles to Rs 240 cr
Idea Cellular has announced its un-audited results for the quarter ended Dec. 31, 2007
The company registered 2.09 times growth in net profit after tax to Rs 2,371.90 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,136.90 million for the same period last year.
Total Revenue registered a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same period last year.
The company has also announced its consolidated audited results.
The group has posted a net profit after tax of Rs 2,367.70 million for the quarter ended Dec. 31, 2007, a 2.08 times rise, as compared to Rs 1,137.70 million for the quarter ended Dec. 31, 2006.
Total Revenue reported a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same quarter last year.
Shares of the company declined Rs 7, or 4.89%, to settle at Rs 136.05. The total volume of shares traded was 662,515 at the BSE. (Friday).
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GIC Housing Q3 net up 11.92%
GIC Housing Finance has registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter last fiscal. Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.
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Binani Cement net up 12.70% for Dec `07 (QoQ)
Binani Cement registered growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007. Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.
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Kirloskar Brothers net drops 84.99% for Dec `07 qtr
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Sasken Q3 net dips to Rs 3.8 crore
19 Jan, 2008, 1408 hrs IST
Sasken Communication Technologies has reported a dip in Q3 profit at Rs 3.8 crore compared to Rs 12 crore for the corresponding.
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Ipca Laboratories net rises 10.05% in Dec `07 qtr
Ipca Lab Q3 net up 10 pc at Rs 38 cr
Ipca Laboratories has reported a steady jump in net profits for the quarter ended in December 2007. During the quarter, the company experienced a 10.05% rise in profits to Rs 383.40 million from Rs 348.40 million in the quarter ended December 2006.Net sales for the quarter rose 21.21% to Rs 2,817.90 million compared with Rs 2,324.90 million in the corresponding quarter, a year ago.
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Zenith Computers net drops 95.66% in Dec`07 qtr
Kirloskar Pneumatic net rises 17.69% in Dec`07 qtr
Kirloskar Pneumatic Company reported a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 17.69% rise in profit to Rs 51.90 million from Rs 44.10 million in the quarter ended December 2006.Net sales for the quarter rose 20.91% to Rs 983.20 million compared with Rs 813.20 million in the corresponding quarter, a year ago.
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Source: Economic Times, Myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Gujarat NRE Coke has registered a 3.63 times growth in net profit, to Rs 499.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 137.70 million in the corresponding quarter last fiscal. Net sales stood at Rs 2,428.00 million in the quarter ended Dec. 31, 2007, as against Rs 1,746.40 million in the same period last year, recording a growth of 39.03%.
Total income reported an increase of 41.07% to Rs 2,525.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,790.40 million for the same period last year.The diluted earning per share (EPS) after extra ordinary items on Dec. 31, 2007 worked out to Rs 1.45.The company is engaged in manufacturing low ash metallurgical coke and steel. It manufactures low ash metallurgical coke (LAMC), has wind mills (27.5 MW), and a mini steel mill manufacturing TMT bars from recycled steel scraps. Shares of the company gained Rs 0.45, or 0.33%, to settle at Rs 138.65. The total volume of shares traded was 1,482,438 at the BSE. (Friday).
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Idea Cellular net up 2.09 times for Dec `07 qtr
Idea Cellular Q3 net more than doubles to Rs 240 cr
Idea Cellular has announced its un-audited results for the quarter ended Dec. 31, 2007
The company registered 2.09 times growth in net profit after tax to Rs 2,371.90 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,136.90 million for the same period last year.
Total Revenue registered a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same period last year.
The company has also announced its consolidated audited results.
The group has posted a net profit after tax of Rs 2,367.70 million for the quarter ended Dec. 31, 2007, a 2.08 times rise, as compared to Rs 1,137.70 million for the quarter ended Dec. 31, 2006.
Total Revenue reported a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same quarter last year.
Shares of the company declined Rs 7, or 4.89%, to settle at Rs 136.05. The total volume of shares traded was 662,515 at the BSE. (Friday).
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GIC Housing Q3 net up 11.92%
GIC Housing Finance has registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter last fiscal. Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.
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Binani Cement net up 12.70% for Dec `07 (QoQ)
Binani Cement registered growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007. Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.
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Kirloskar Brothers net drops 84.99% for Dec `07 qtr
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Sasken Q3 net dips to Rs 3.8 crore
19 Jan, 2008, 1408 hrs IST
Sasken Communication Technologies has reported a dip in Q3 profit at Rs 3.8 crore compared to Rs 12 crore for the corresponding.
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Ipca Laboratories net rises 10.05% in Dec `07 qtr
Ipca Lab Q3 net up 10 pc at Rs 38 cr
Ipca Laboratories has reported a steady jump in net profits for the quarter ended in December 2007. During the quarter, the company experienced a 10.05% rise in profits to Rs 383.40 million from Rs 348.40 million in the quarter ended December 2006.Net sales for the quarter rose 21.21% to Rs 2,817.90 million compared with Rs 2,324.90 million in the corresponding quarter, a year ago.
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Zenith Computers net drops 95.66% in Dec`07 qtr
Kirloskar Pneumatic net rises 17.69% in Dec`07 qtr
Kirloskar Pneumatic Company reported a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 17.69% rise in profit to Rs 51.90 million from Rs 44.10 million in the quarter ended December 2006.Net sales for the quarter rose 20.91% to Rs 983.20 million compared with Rs 813.20 million in the corresponding quarter, a year ago.
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Source: Economic Times, Myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ICICI Bank Q3 net up 35%; IPO of brokerage arm approved
ICICI Bank Q3 net up 35%; IPO of brokerage arm approved
ICICI Bank, the country's biggest private lender on Saturday reported 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore compared to Rs 910 crore in the year-ago period. The bank clocked a total income of Rs 10,338 crore in the October-December quarter as compared to Rs 7,581 crore in the year-ago period, an increase of 36 per cent.
Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.
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ICICI Bank net up 35.18% for Q3
ICICI Bank has announced its audited results for the quarter ended Dec. 31, 2007. The bank has registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago.The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period previous year.
The bank has also announced its un-audited consolidated results.
The bank has registered a growth of 26.69% in net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended December 31, 2007, as compared to Rs 105,963.10 million for the same period last year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday).
Source: Economic Times, myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ICICI Bank, the country's biggest private lender on Saturday reported 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore compared to Rs 910 crore in the year-ago period. The bank clocked a total income of Rs 10,338 crore in the October-December quarter as compared to Rs 7,581 crore in the year-ago period, an increase of 36 per cent.
Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.
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ICICI Bank net up 35.18% for Q3
ICICI Bank has announced its audited results for the quarter ended Dec. 31, 2007. The bank has registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago.The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period previous year.
The bank has also announced its un-audited consolidated results.
The bank has registered a growth of 26.69% in net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended December 31, 2007, as compared to Rs 105,963.10 million for the same period last year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday).
Source: Economic Times, myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Weekly wrap up: Sensex registers 1,813.75 pts fall
Weekly wrap up: Sensex registers 1,813.75 pts fall
Technical outlook: Downtrend may continue further
Brokers` outlook: Temporary bounce back likely on Monday
India`s benchmark index, Sensex saw worst weekly loss since last 20 month, as overseas investors are pulling back funds from Indian as well as global markets on concern that the plans to revive the US economy worth USD 150 billion of Bush administration will be unable to prevent recession. Domestic investors also liquidated stocks to subscribe to the biggest initial public offering of Anil Ambani promoted Reliance Power, which was subscribed 73 times on closing, in anticipation of earning handsome gains. The broad based decline in the markets was led by tech, oil & gas, bank, realty and metal shares. The 30 share index lost 1,813.75 points, or 8.70%, to 19,013.70 in the week ended Jan. 18, 2008, whereas the broad based NSE Nifty fell 494.8 points, or 7.98%, to 5,705.30 in the same period.
Overseas investors were net buyers in equities worth Rs 40.65 billion in the period of January 14 to 17. As per the provisional figures, overseas investors sold net of Rs 21.47 billion worth equities on January 18.
Major corporate developmentsIndia`s largest private sector company Reliance Industries (RIL) announced 2.89 times rise in net profit after tax at Rs 80,790 million for the third quarter ended December 2007 as compared to Rs 27,990 million for the quarter ended December 2006. Total Income has increased 31.37% to Rs 348,310 million for the quarter ended December 2007 from Rs 265,140 million for the quarter ended December 2006.Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy on Thursday announced a 50% jump in net profit at Rs 3,016.00 million for the quarter ended December 2007 as compared to Rs 2,010.30 million for the quarter ended December 2006. Total Income has increased a meager 1.8% to Rs 18,534.10 million for the quarter ended December 2007 from Rs 18,204.30 million for the quarter ended December 2006. India`s largest pharmaceutical company, Ranbaxy Laboratories announced a substantial fall of 65.20% in earnings in the quarter ended Dec. 31, 2007, to Rs 484 million compared with Rs 1,390.70 million in the same quarter, last year. Net sales for the quarter rose marginally 1.24% to Rs 9,933.20 million, while the total income for the quarter climbed 8% to Rs 11,181.10 million, when compared with the corresponding quarter, a year ago.LIC Housing Finance, promoted by nation`s biggest insurer Life Insurance Corporation of India, announced a substantial rise of 38.39% in earnings in the quarter ended Dec. 31, 2007 to Rs 1,060.20 million compared with Rs 766.10 million in the prior year period. The total income for the quarter climbed 36.17% to Rs 5,516.20 million, when compared with the corresponding quarter, a year ago.IDBI announced a 38.69% jump in net profit at Rs 1,758.40 million for the quarter ended December 2007 as compared to Rs 1,267.90 million for the quarter ended December 2006. Total Income increased 31.62% to Rs 24,713.90 million for the quarter ended December 2007 from Rs 18,776.50 million for the quarter ended December 2006.Technology major, Wipro announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit to Rs 13,266.70 million for the quarter ended December 2007 from Rs 11,161 million in the same quarter, last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago.ITC posted a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million in the same quarter, last year.
New ListingShares of Porwal Auto Components (PACL), a leading manufacturer of automotive components, after listing on bourses, settled at 6.20% premium on the Bombay Stock Exchange (BSE). Shares opened at a premium of Rs 4.85, or 6.46%, at Rs 79.85 as compared with the issue price of Rs 75 a share. It finally closed with a premium of Rs 4.65, or 6.20%, at Rs 79.65.
Source: Myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Technical outlook: Downtrend may continue further
Brokers` outlook: Temporary bounce back likely on Monday
India`s benchmark index, Sensex saw worst weekly loss since last 20 month, as overseas investors are pulling back funds from Indian as well as global markets on concern that the plans to revive the US economy worth USD 150 billion of Bush administration will be unable to prevent recession. Domestic investors also liquidated stocks to subscribe to the biggest initial public offering of Anil Ambani promoted Reliance Power, which was subscribed 73 times on closing, in anticipation of earning handsome gains. The broad based decline in the markets was led by tech, oil & gas, bank, realty and metal shares. The 30 share index lost 1,813.75 points, or 8.70%, to 19,013.70 in the week ended Jan. 18, 2008, whereas the broad based NSE Nifty fell 494.8 points, or 7.98%, to 5,705.30 in the same period.
Overseas investors were net buyers in equities worth Rs 40.65 billion in the period of January 14 to 17. As per the provisional figures, overseas investors sold net of Rs 21.47 billion worth equities on January 18.
Major corporate developmentsIndia`s largest private sector company Reliance Industries (RIL) announced 2.89 times rise in net profit after tax at Rs 80,790 million for the third quarter ended December 2007 as compared to Rs 27,990 million for the quarter ended December 2006. Total Income has increased 31.37% to Rs 348,310 million for the quarter ended December 2007 from Rs 265,140 million for the quarter ended December 2006.Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy on Thursday announced a 50% jump in net profit at Rs 3,016.00 million for the quarter ended December 2007 as compared to Rs 2,010.30 million for the quarter ended December 2006. Total Income has increased a meager 1.8% to Rs 18,534.10 million for the quarter ended December 2007 from Rs 18,204.30 million for the quarter ended December 2006. India`s largest pharmaceutical company, Ranbaxy Laboratories announced a substantial fall of 65.20% in earnings in the quarter ended Dec. 31, 2007, to Rs 484 million compared with Rs 1,390.70 million in the same quarter, last year. Net sales for the quarter rose marginally 1.24% to Rs 9,933.20 million, while the total income for the quarter climbed 8% to Rs 11,181.10 million, when compared with the corresponding quarter, a year ago.LIC Housing Finance, promoted by nation`s biggest insurer Life Insurance Corporation of India, announced a substantial rise of 38.39% in earnings in the quarter ended Dec. 31, 2007 to Rs 1,060.20 million compared with Rs 766.10 million in the prior year period. The total income for the quarter climbed 36.17% to Rs 5,516.20 million, when compared with the corresponding quarter, a year ago.IDBI announced a 38.69% jump in net profit at Rs 1,758.40 million for the quarter ended December 2007 as compared to Rs 1,267.90 million for the quarter ended December 2006. Total Income increased 31.62% to Rs 24,713.90 million for the quarter ended December 2007 from Rs 18,776.50 million for the quarter ended December 2006.Technology major, Wipro announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit to Rs 13,266.70 million for the quarter ended December 2007 from Rs 11,161 million in the same quarter, last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago.ITC posted a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million in the same quarter, last year.
New ListingShares of Porwal Auto Components (PACL), a leading manufacturer of automotive components, after listing on bourses, settled at 6.20% premium on the Bombay Stock Exchange (BSE). Shares opened at a premium of Rs 4.85, or 6.46%, at Rs 79.85 as compared with the issue price of Rs 75 a share. It finally closed with a premium of Rs 4.65, or 6.20%, at Rs 79.65.
Source: Myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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