ET, Moneycontrol Stories

http://www.moneycontrol.com


Sensex sees biggest intra-day gain ever

Stocks that gain over 25% in today's trade
Fed cuts and Sensex: How the latter reacts?
Mkts bounce back: What are experts saying?
FIIs turn positive in today's trade
Funds not facing redemption heat: Kotak
Unlike West, Indian growth strong: ICICI
How are bankers reacting to Fed rate cut?


-------------------------------------------------
Goldman,Lehman buy Entertainment Network unit stake
Infosys fines its CEO for voilating insider trading rules
PepsiCo's Nooyi to head Indo-US trade council

RBI to cut interest rates : FICCI

Rolta acquires TUSC for $45 mn
L&T gets orders worth Rs 1057 crore
L&T, Lockheed in JV talks for developing Mark 41 Vertical Launching Systems
Elecon Engineering bags Rs 47.54 cr orders

Sobha Developers to develop B'lore project
RBI may not automatically cut rates on US Fed cut

History Repeats: Investors fail to learn much from past mistakes
Impact on India of Fed's rate cut
Markets have more than one reason for a rebound
Bulls snap 7-day losing streak
India remains most bullish market in Asia-Pacific: ING
Investors recover over Rs 3 trillion


Wockhardt Hospitals' IPO on Jan 31
It's wait & watch for planned IPOs
CRISIL assigns highest IPO grade to Acme Tele Power
Upcoming IPOs look overpriced compared to their listed peers
Reliance Power IPO: Banks face stop-payment calls
Emaar MGF to raise up to Rs 7,077 cr from IPO


Source: Economic TImes.com, Moneycontrol.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.

Results: Sesa Goa, Canara Bk, Union Bk, Dena Bk, CPCL, BRFL, Sun TV etc

Canara Bank Q3 rises 26.40% at Rs 458.80 cr
Canara Bank has recorded a net profit of Rs 458.83 crore for the third quarter ended December 2007, showing an increase of 26.40 per cent as compared to Rs 363.02 crore for the same quarter in December 2006.
Total revenue for the quarter has increased to Rs 4,096.60 crore from Rs 3,245.39 crore in the year-ago period.

Tanla Q3 net up 88% at Rs 44 cr
Tanla Solutions, a telecommunication software and service provider, has clocked a net profit of Rs 43.3 crore in the quarter ended December 2007, a rise of 87.8% against Rs 23 crore in the corresponding period previous year.

Union Bank Q3 net profit jumps 42.68%
Union Bank of India’s net profit for October-December rose 42.68 per cent to Rs 365.02 crore compared with Rs 255.84 crore in the corresponding quarter previous year.

Chennai Petroleum Q3 net profit up Rs 225.62 cr YoY
Chennai Petroleum Corporation’s October- December net profit rose 826.57 per cent to Rs 225.62 crore compared with Rs 24.35 crore for the same quarter of previous year.

BRFL Q3 net profit jumps 151.28%
Bombay Rayon Fashions’ October-December net profit rose 151.28 per cent to Rs 34.57 crore from Rs 13.76 crore in the corresponding quarter previous year. Net sales increased 81.40 per cent to Rs 238.75 crore for the quarter ended December against Rs 131.62 crore for the same quarter previous year.

Sun TV Q3 net profit up 71.16%
Sun TV Network’s October-December net profit rose 71.16 per cent to Rs 102.30 crore compared with Rs 59.77 crore for the same quarter previous year. Total income increased 85.56 per cent to Rs 231.99 crore for the quarter ended December against Rs 125.02 crore year ago.

Gujarat Ambuja Exports Q3 net profit up 111.34%
Gujarat Ambuja Exports’ October-December net profit rose 111.34 per cent to Rs 30.04 crore compared with Rs 14.21 crore in corresponding quarter pervious year.

D-Link Q3 net profit up 13.25% YoY
D-Link India’s October-December net profit 13.25 per cent to Rs 7.04 crore compared with Rs 6.22 crore for the same quarter of previous year. Total income increased 3.44 per cent to Rs 78.22 crore for the quarter ended December 31, 2007 agianst Rs 75.62 crore for the quarter ended December 2006.

PVR Q3 net up at Rs 6.11 cr
Finolex Q3 net dips 6%


Sterlite Technologies Q3 net zooms 105%
Sterlite Technologies reported a net profit of Rs 26.4 crore in Q3 FY08, up 105% against Rs 12.9 crore in the year-ago period. Its net revenues for the reporting quarter stood at Rs 502 crore against Rs 314 crore, a company statement on Tuesday said.

-----------------------------------------------------------------
BRPL Q3 net up 143.55% at Rs 84.90 cr
The company has posted a net profit of Rs 84.90 crore for the quarter ended December 31, 2007 as compared to Rs 34.86 crore for the quarter ended December 31, 2006. Total Income has increased from Rs 1384.90 crore for the quarter ended December 31, 2006 to Rs 1473.08 crore for the quarter ended December 31, 2007.

Mirc Electronics net down at Rs 8.90 cr
Ballarpur Industries Q2 net up 18.3% at Rs 74 cr
Polaris Software Q3 net down at Rs 19.11 cr

Dena Bank net up 43.30% at Rs 101 cr in Q3
Dena Bank has announced a net profit of Rs 101.07 crore for the third quarter ended December 2007 as compared to Rs 70.53 crore shown during the same quarter in 2006.
Total income for the quarter has increased to Rs 804.13 crore from Rs 685.89 crore in the year-ago period

------------------------------------------------------
ETC Networks net profit rises 63.19% in the December 2007 quarter

Net profit of ETC Networks rose 63.19% to Rs 2.66 crore in the quarter ended December 2007 as against Rs 1.63 crore during the previous quarter ended December 2006. Sales rose 18.13% to Rs 13.55 crore in the quarter ended December 2007 as against Rs 11.47 crore during the previous quarter ended December 2006.

Agro Tech Foods net profit rises 27.78% in the December 2007 quarter
Fortis Healthcare reports net profit of Rs 1.61 crore in the December 2007 quarter
Mid-Day Multimedia net profit declines 55.20% in the December 2007 quarter

Euro Ceramics net profit rises 29.83% in the December 2007 quarter
Net profit of Euro Ceramics rose 29.83% to Rs 8.27 crore in the quarter ended December 2007 as against Rs 6.37 crore during the previous quarter ended December 2006. Sales rose 29.26% to Rs 58.49 crore in the quarter ended December 2007 as against Rs 45.25 crore during the previous quarter ended December 2006.

Shree Renuka Sugars net profit rises 248.72% in the December 2007 quarter
Net profit of Shree Renuka Sugars rose 248.72% to Rs 27.20 crore in the quarter ended December 2007 as against Rs 7.80 crore during the previous quarter ended December 2006. Sales rose 56.23% to Rs 191.70 crore in the quarter ended December 2007 as against Rs 122.70 crore during the previous quarter ended December 2006.

Bongaigaon Refinery & Petrochemicals net profit rises 143.55% in the December 2007 quarter
Hindustan Zinc net profit declines 41.20% in the December 2007 quarter
Artson Engineering net profit declines 61.26% in the December 2007 quarter
Ballarpur Industries net profit rises 7.32% in the December 2007 quarter

Monsanto India net profit rises 25.96% in the December 2007 quarter
Sterling Tools net profit rises 42.65% in the December 2007 quarter
Net profit of Sterling Tools rose 42.65% to Rs 3.01 crore in the quarter ended December 2007 as against Rs 2.11 crore during the previous quarter ended December 2006. Sales rose 10.69% to Rs 41.61 crore in the quarter ended December 2007 as against Rs 37.59 crore during the previous quarter ended December 2006.

Nagarjuna Fertilizers & Chemicals net profit rises 35.06% in the December 2007 quarter
Net profit of Nagarjuna Fertilizers & Chemicals rose 35.06% to Rs 5.47 crore in the quarter ended December 2007 as against Rs 4.05 crore during the previous quarter ended December 2006. Sales rose 28.02% to Rs 624.20 crore in the quarter ended December 2007 as against Rs 487.57 crore during the previous quarter ended December 2006.

Avaya GlobalConnect net profit declines 30.78% in the December 2007 quarter
MRO-TEK net profit rises 57.63% in the December 2007 quarter
PVR net profit rises 265.87% in the December 2007 quarter

Shriram Transport Finance Company net profit rises 86.03% in the December 2007 quarter
Net profit of Shriram Transport Finance Company rose 86.03% to Rs 107.10 crore in the quarter ended December 2007 as against Rs 57.57 crore during the previous quarter ended December 2006. Sales rose 70.24% to Rs 638.26 crore in the quarter ended December 2007 as against Rs 374.91 crore during the previous quarter ended December 2006

Empee Distilleries reports net profit of Rs 4.25 crore in the December 2007 quarter

Bank of Maharashtra net profit rises 35.06% in the December 2007 quarter
Net profit of Bank of Maharashtra rose 35.06% to Rs 100.38 crore in the quarter ended December 2007 as against Rs 74.32 crore during the previous quarter ended December 2006. Total operating income rose 39.23% to Rs 905.70 crore in the quarter ended December 2007 as against Rs 650.51 crore during the previous quarter ended December 2006.

Bank of Rajasthan net profit rises 112.66% in the December 2007 quarter
Net profit of Bank of Rajasthan rose 112.66% to Rs 42.15 crore in the quarter ended December 2007 as against Rs 19.82 crore during the previous quarter ended December 2006. Total operating income rose 37.31% to Rs 262.39 crore in the quarter ended December 2007 as against Rs 191.10 crore during the previous quarter ended December 2006.

Supreme Infrastructure India reports net profit of Rs 6.26 crore in the December 2007 quarter
Phoenix Mills net profit declines 62.74% in the December 2007 quarter
K Sera Sera Productions reports net profit of Rs 9.50 crore in the December 2007 quarter
Bombay Rayon Fashions net profit rises 151.24% in the December 2007 quarter

Sesa Goa net profit rises 152.75% in the December 2007 quarter
Net profit of Sesa Goa rose 152.75% to Rs 492.71 crore in the quarter ended December 2007 as against Rs 194.94 crore during the previous quarter ended December 2006. Sales rose 92.97% to Rs 1134.44 crore in the quarter ended December 2007 as against Rs 587.89 crore during the previous quarter ended December 2006.

RSWM net profit declines 95.60% in the December 2007 quarter
Gujarat Ambuja Exports net profit rises 111.40% in the December 2007 quarter
Religare Enterprises reports net profit of Rs 2.24 crore in the December 2007 quarter


-----------------------------------------------------
RSWM net profit declines 95.60% in the December 2007 quarterGujarat Ambuja Exports net profit rises 111.40% in the December 2007 quarterReligare Enterprises reports net profit of Rs 2.24 crore in the December 2007 quarter

Sensex ends 864 pts up

Sensex ends 864 pts up
Biggest intra-day gain
Sensex snaps losing streak 'Malpractices behind market crash' 'Stay away for now'
India's Sensex Snaps Seven-Day Losing

NSE 5203.40 +304.10
BSE 17594.07 +864.13


The sharp 75 basis point cut in US bank rate and the splendid recovery on the Asian bourses brought the bulls back to the ring, and with a number of blue chip stocks holding firm right through the session, the benchmark indices Sensex and Nifty cruised along merrily and snapped a seven session losing streak today.
Realty stocks, which had taken a severe beating over the last two sessions, ended on a high note. Frenzied buying was seen in oil, power, bank, FMCG and metal sectors as well. Information technology, auto, healthcare and PSU stocks also made smart progress.
The Sensex, which was up with a whopping gain of 1267 points at 17,997.11 at one stage this afternoon (this is the barometer's biggest ever intra-day surge), ended the day at 17,594.07, up 864.13 points or 5.17% over its previous closing mark. The Nifty closed with a gain of 6.21% or 374.10 points at 5203.40. In intra-day trades today, the Nifty touched a high of 5328.05.
Reliance Energy (15.95%) was the biggest gainer from the Sensex pack. NTPC closed stronger by around 13.75%. Software stock Satyam Computer Services which had weathered the storm quite admirably yesterday, ended with a strong gain of 10.85%.
State Bank of India notched up a gain of 8.6%. Reliance Industries, Tata Consultancy Services and BHEL gained 8.35%, 8.5% and 8.1% respectively. Bajaj Auto (7.45%), DLF (6.45%), Grasim Industries (5.8%), HDFC Bank (6.65%), Hindalco (6.95%), Reliance Communications (6.85%), Grasim Industries (5.8%) and ITC (4.9%) finished with impressive gains.
ACC, Ambuja Cements, Cipla, Hindustan Unilever, HDFC, ICICI Bank, Infosys Technologies, Larsen & Toubro, Mahindra & Mahindra, Maruti Suzuki, ONGC, Ranbaxy Laboratories, Tata Motors and Tata Steel also ended on a high note. Wipro bounced back from lower levels and closed with a modest gain. Bharti Airtel (down 0.3%) was the only stock from Sensex to end on a negative note today.
Tata Power, Reliance Petroleum, SAIL, Unitech, Punjab National Bank and GAIL India finished with hefty gains. Suzlon Energy, Zee Entertainment, Cairn India, Sterlite Industries, VSNL, ABB, BPCL, Dr. Reddy's Laboratories, Hero Honda and HCL Technologies also ended with handsome gains.
Idea Cellular closed with a sharp loss of 4.3%. Nalco, which enjoyed a bright spell yesterday, ended 3.1% down at Rs 415.25.
Besides large cap stocks, several midcap stocks also had a fine run today. Smallcaps, which opened on a subdued note, bounced back strongly in afternoon trade. A few of them posted impressive gains.
The market breadth was almost neutral when trade ended today. Out of 2722 stocks traded on BSE, 1301 stocks finished with gains. 1400 stocks closed on a negative note and 21 stocks ended at their previous closing levels.

Other Sify Stories:
World facing recession but India can help: Kamal Nath
PepsiCo's Nooyi to head Indo-US trade council
Rolta acquires TUSC for $45 m



Source: Sify.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.