Polaris Q1 net profit at Rs 27.01 cr
Polaris Software Lab has decalred its first quarter results. The company's Q1 net profit at Rs 27.01 crore versus Rs 21.45 crore, QoQ.
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ICI India Q1 net profit up at Rs 70.9 cr
ICI India has declared its first quarter results. The company's Q1 net profit was up at Rs 70.9 crore versus Rs 22.8 crore.
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State Bank of Bikaner net profit at Rs 65.31 cr
Omnitech profit up at 2.7% to Rs 8.84 cr
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Unichem Labs Q1 net profit at Rs 33.4
Unichem Labs has announced its first quarter numbers. It has reported net profit of Rs 33.4 crore for the quarter ended June 2008 as against Rs 22.5 crore in same period of last year and net sales of Rs 181 crore versus Rs 153.5 crore YoY.
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Colgate Q1 standalone net profit at Rs 71.9 cr view table
Colgate Palmolive has announced its first quarter results. The company's Q1 standalone net profit was at Rs 71.9 crore versus Rs 60.9 crore.
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Biocon Q1 profit at Rs 15cr, hit by MTM loss of Rs 26 cr view table
Biocon has announced its Q1 FY09 results. It's consolidated net profit was at Rs 15.02 crore versus Rs 52.8 crore. The net profit was hit by MTM loss of Rs 26 crore.
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Container Corporation of India Q1 net profit at Rs 201.8 cr
TCS Q1 cons net profit at Rs 1243.6 cr
HDFC Q1 net profit up at Rs 468.11 cr
SKF India's FY09 Q1 PAT at Rs 36.7 crore
Chambal Fert Q1 FY09 PAT was at Rs 23.8cr
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Biocon net profit declines 33.10% in the June 2008 quarter
Monsanto India net profit rises 24.97% in the June 2008 quarter
Polaris Software Lab net profit rises 45.37% in the June 2008 quarter
Maxwell Industries net profit declines 23.68% in the June 2008 quarter
Astral Poly Technik net profit rises 56.67% in the June 2008 quarter
West Coast Paper Mills net profit rises 4.31% in the June 2008 quarter
Hikal net profit rises 22.64% in the June 2008 quarter
Mount Everest Mineral Water reports net loss of Rs 4.59 crore in the June 2008 quarter
Chemplast Sanmar net profit declines 86.21% in the June 2008 quarter
Rama Newsprint & Paper net profit rises 36.77% in the June 2008 quarter
Foseco India net profit declines 12.82% in the June 2008 quarter
ICI India net profit rises 209.79% in the June 2008 quarter
State Bank of Bikaner and Jaipur net profit declines 7.95% in the June 2008 quarter
Unichem Laboratories net profit rises 48.36% in the June 2008 quarter
Omnitech Infosolutions net profit rises 126.92% in the June 2008 quarter
PTL Enterprises net profit rises 184.76% in the June 2008 quarter
Colgate-Palmolive India net profit rises 18.13% in the June 2008 quarter
Amrutanjan Health Care net profit declines 39.22% in the June 2008 quarter
Kirloskar Oil Engines net profit rises 7.68% in the June 2008 quarter
Jay Bharat Maruti net profit rises 11.48% in the June 2008 quarter
Source: Indiaearnings, Capitalmarket
17 July 2008
Sensex 556 pts up, Inflation Stays at 11.91
Inflation shoots up to 11.91%
The annual inflation rate climbed to 11.91 per cent for the first time in more than 13 years in early July, driven by higher costs of commodities and strong demand in the economy. This is a quarter per cent jump week on week. The fuel, power and light were up 0.9 per cent while primary articles were down 0.1 per cent. Fruit and vegetable prices were down 1 per cent with other food articles seeing a 0.2 per cent dip. It would be the 22nd consecutive week that the inflation rate has been above 5.5 per cent, the central bank's target for the end of the fiscal year in March 2009.
According to a research report by Standard & Poor's, world CPI inflation - which was 2.4 per cent in 2002 - rose to 3.3 per cent in 2007 and is now projected to hover around 5.2 per cent in 2008. Region-wise, CPI inflation is projected to remain 3.4 per cent this year in European Union and 3.2 per cent in Eurozone. In 2002, the inflation figures were 2.1 per cent for both the regions. Likewise, CPI inflation is projected to remain this year at 4.8 and 3.2 per cent in the US and the UK, respectively, and 8.8 per cent in the emerging markets. The highest inflation is projected at 15.3 per cent in the CIS counties and at 12.8 per cent in the Middle East & North Africa.
More :http://economictimes.indiatimes.com/Inflation_shoots_up_to_1191/articleshow/3246282.cms
Invest during inflation? Tips for investments World inflation
----------------------------------------------------
Equities end higher on easing in crude oil
Bolstered by positive global cues and receding crude oil prices, equities in India snapped their week-long losing streak to end sharply higher om Thursday. Investors covered short positions and also made fresh purchase at lower levels.
National Stock Exchange’s Nifty settled 130.5 points or 3.42 per cent higher at 3947.20. The index touched a high of 3968.75 and a low of 3823.15 intra day. Bombay Stock Exchange’s Sensex ended up 536.05 points or 4.26 per cent at 13,111.85 after swinging in a range of 13,150.35 and 12,843.79.
The BSE Mid-cap Index ended up 1.39 per cent at 5,155.34 and the BSE Small-cap Index was 0.99 per cent higher at 6,387.12. “Market was in an oversold territory and we witnessed a technical bounce-back. Another factor that lifted the positive sentiment was cooling of crude oil prices,” said Arpit Agrawal, head of research, Arihant Capital Markets. Traders covered positions in over-beaten interest-sensitive sectors like banking and real estate. Buying was also seen in capital goods stocks. Steel counters sulked on fear of government initiative to cap prices. Market discounted inflation, which was expected to be above 12 per cent. “Market will remain volatile till vote of confidence is passed.
Otherwise, fundamentally things have not changed much,” Agrawal added. Biggest Sensex gainers were HDFC (9.78%), Maruti Suzuki (9.46%), Jaiprakash Associates (9.19%), DLF (8.44%), Larsen & Toubro (7.49%) and State Bank of India (7.75%). Losers comprised Ranbaxy Laboratories (-3.93%) and Tata Steel (-2.92%). Market breadth remained positive through the day. On BSE, 1,536 advances outnumbered 1,081 declines. In Europe, stocks were buoyant cheering crude’s fall. The FTSE 100 was up 2.34 per cent, DAX 30 rose 2.33 per cent and CAC 40 added 2.76 per cent.
Oil prices fell on concerns slowing US economic growth would hurt crude demand. Light sweet crude forAugust delivery, dipped 42 cents to $134.18 per barrel. Friday, market will cheer a marginal rise in domestic inflation to 11.91 per cent in the week to July 5 from 11.89 per cent in the previous week. Finance Ministry’s statement that inflation has stabilized will further lift investor sentiment.
------------------------------------------------
Other top news:
Biocon among world's top 20 biotechnology company
Unitech gets Rs 740 cr from Lehman
GSPC to invest $ 1 bn in KG basin
Oil slumps $6 to $134 on surprise rise in US inventories
Now, Shah Rukh, Aamir, Abhishek make it to Forbes list
Aviva plans foray into asset management business
Source: ET
The annual inflation rate climbed to 11.91 per cent for the first time in more than 13 years in early July, driven by higher costs of commodities and strong demand in the economy. This is a quarter per cent jump week on week. The fuel, power and light were up 0.9 per cent while primary articles were down 0.1 per cent. Fruit and vegetable prices were down 1 per cent with other food articles seeing a 0.2 per cent dip. It would be the 22nd consecutive week that the inflation rate has been above 5.5 per cent, the central bank's target for the end of the fiscal year in March 2009.
According to a research report by Standard & Poor's, world CPI inflation - which was 2.4 per cent in 2002 - rose to 3.3 per cent in 2007 and is now projected to hover around 5.2 per cent in 2008. Region-wise, CPI inflation is projected to remain 3.4 per cent this year in European Union and 3.2 per cent in Eurozone. In 2002, the inflation figures were 2.1 per cent for both the regions. Likewise, CPI inflation is projected to remain this year at 4.8 and 3.2 per cent in the US and the UK, respectively, and 8.8 per cent in the emerging markets. The highest inflation is projected at 15.3 per cent in the CIS counties and at 12.8 per cent in the Middle East & North Africa.
More :http://economictimes.indiatimes.com/Inflation_shoots_up_to_1191/articleshow/3246282.cms
Invest during inflation? Tips for investments World inflation
----------------------------------------------------
Equities end higher on easing in crude oil
Bolstered by positive global cues and receding crude oil prices, equities in India snapped their week-long losing streak to end sharply higher om Thursday. Investors covered short positions and also made fresh purchase at lower levels.
National Stock Exchange’s Nifty settled 130.5 points or 3.42 per cent higher at 3947.20. The index touched a high of 3968.75 and a low of 3823.15 intra day. Bombay Stock Exchange’s Sensex ended up 536.05 points or 4.26 per cent at 13,111.85 after swinging in a range of 13,150.35 and 12,843.79.
The BSE Mid-cap Index ended up 1.39 per cent at 5,155.34 and the BSE Small-cap Index was 0.99 per cent higher at 6,387.12. “Market was in an oversold territory and we witnessed a technical bounce-back. Another factor that lifted the positive sentiment was cooling of crude oil prices,” said Arpit Agrawal, head of research, Arihant Capital Markets. Traders covered positions in over-beaten interest-sensitive sectors like banking and real estate. Buying was also seen in capital goods stocks. Steel counters sulked on fear of government initiative to cap prices. Market discounted inflation, which was expected to be above 12 per cent. “Market will remain volatile till vote of confidence is passed.
Otherwise, fundamentally things have not changed much,” Agrawal added. Biggest Sensex gainers were HDFC (9.78%), Maruti Suzuki (9.46%), Jaiprakash Associates (9.19%), DLF (8.44%), Larsen & Toubro (7.49%) and State Bank of India (7.75%). Losers comprised Ranbaxy Laboratories (-3.93%) and Tata Steel (-2.92%). Market breadth remained positive through the day. On BSE, 1,536 advances outnumbered 1,081 declines. In Europe, stocks were buoyant cheering crude’s fall. The FTSE 100 was up 2.34 per cent, DAX 30 rose 2.33 per cent and CAC 40 added 2.76 per cent.
Oil prices fell on concerns slowing US economic growth would hurt crude demand. Light sweet crude forAugust delivery, dipped 42 cents to $134.18 per barrel. Friday, market will cheer a marginal rise in domestic inflation to 11.91 per cent in the week to July 5 from 11.89 per cent in the previous week. Finance Ministry’s statement that inflation has stabilized will further lift investor sentiment.
------------------------------------------------
Other top news:
Biocon among world's top 20 biotechnology company
Unitech gets Rs 740 cr from Lehman
GSPC to invest $ 1 bn in KG basin
Oil slumps $6 to $134 on surprise rise in US inventories
Now, Shah Rukh, Aamir, Abhishek make it to Forbes list
Aviva plans foray into asset management business
Source: ET
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