ET Stories and Results

http://economictimes.indiatimes.com/

Inflation may hit double-digit:

RBI allows Sahara to accept deposits maturing till June 2011
World will run out of Internet addresses by 2010

Nifty June discount widens / Voltas buys 50 pc stake in JV firm with Fedders International

Tata Steel forms JV for Orissa power project
KEC secures Rs 160 cr contract from NTPC

L&T in talks to acquire Crompton's projects biz

Sensex adds 300 pts on global cues, short covering

FIIs invest in shares worth Rs 142.36 crore

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Rediff.com

Anil Ambani eyes over 40% MTN pie

• Spotted: Warren Buffet in Omaha • Warren Buffett's 6 smart tips

• Ganesh Natarajan's Tech Blog• All about insider trading

• States to roll back jet fuel tax cuts• How oil prices are hurting economy

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Results from Indiaearnings.com

Tata Comm Q4 stand net profit at Rs 58.9 cr

BPCL Q4 net profit at Rs 58.4 cr

Zee Entertainment FY08 net profit at Rs 416 cr

SREI Infra FY08 net profit at Rs 135 cr

Source: Above sites. 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.

Goyal in talks for Jet stake sale and other Stories from UTVi

Goyal in talks for Jet stake sale

Naresh Goyal is left with little choice but to share his precious stake in the country's largest private airline Jet Airways. Sources tell UTVi that Goyal is in preliminary talks with steel baron Lakshmi N. Mittal and telecom czar Sunil Mittal for a stake sale.

After refusing to dilute his 80% promoter stake till about a year back, experts say Goyal may now be willing to bring his stake down to 51%. They also say aviation in India has great potential, and it may make sense for big businessmen with deep pockets to invest in it at this stage when valuations are plummeting. Investment bankers say Jet could fetch a valution of $1.5-2 billion.
Jayesh Desai, director, Ernst and Young, says: "Jet is still one of the most successful airlines in the Indian aviation market. People like Sunil Mittal and Lakshmi N. Mittal would be keen to participate in the growth story of the Indian aviation market."

This comes after Goyal has exhausted all other options of raising money. He has had little luck with private equity players who are not willing to give the valuations Goyal has been demanding. The capital markets have been playing spoil sport for Jet - it has not managed to rasie $400 million through the rights issue that has been indefinitely deferred.

Desai adds: "Investors have been shying away from Indian airlines but Jet could be a standard core infrastructure investment..." Jet Airways, like other airlines, is currently struggling, and it has already put its international expansion on hold. The airline is also cutting all possible corners to reduce costs.

Other UTVi stories:
Sensex ends up 300pts, HDFC gains 6%
Buzzing stocks: Sasken, Piramal Life
RBI gives Sahara 7 yrs to repay deposits
BPCL FY08 net down 17% to Rs 1,769cr
Deposit rates move up
McCain supports India in G-8


Source: http://www.utvi.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.

deadpresident blog updates

http://www.deadpresident.blogspot.com

Post Session Commentary - June 17 2008
Upmove continues, Sensex sizzles past 15,650
Higher advance tax payment, good monsoon lift spirits
India, China top outsourcing hubs
Reliance Industries, BGR Energy Systems, Cairn India, India Economy, Automobiles
NIIT Limited / Grasim Industries / Elecon Engineering, Ranbaxy Open Offer
Plethico Pharma /India Power Utilities /Education Sector
GAIL / ABG Shipyard, Anant Raj Industries, KPIT Cummins
Genus Power Infrastructure /Time Technoplast


Source: http://www.deadpresident.blogspot.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.