Results: ONGC,WelGuj,JSPL,Tatachem,BPCL etc

Welspun Guj Q2 net profit at Rs 65.31cr
Welspun Gujarat Stahl Roh has declared its second quarter results. Its Q2 standalone net profit was at Rs 65.31 crore versus Rs 82.50 crore, YoY.

IOB Q2 net profit at Rs 359 cr
Indian Overseas Bank has declared its second quarter results. Its Q2 net profit was at Rs 359 crore.


ONGC Q2 net profit at Rs 4808.41cr
ONGC has declared its second quarter results. Its Q2 standalone net profit was at Rs 4808.41 crore versus Rs 5097.48 crore, YoY.


Apollo Hospitals Q2 net profit at Rs 30.13cr
Apollo Hospitals Enterprises has declared its second quarter results. Its Q2 standalone net sales were at Rs 364.83 crore versus Rs 280.90 crore, YoY.


Birla Corporation Q2 net profit was at Rs 59.7cr
Birla Corporation has declared its second quarter results. Its Q2 standalone net profit was at Rs 59.7 crore versus Rs 103.1 crore.


Jindal Steel Q2 net profit at Rs 450cr view table
Jindal Steel & Power has declared its second quarter results. Its Q2 net profit was at Rs 450 crore versus Rs 277.4 crore.


Orchid Chemicals Q2 net loss at Rs 40.7 cr
Orchid Chemicals and Pharmaceuticals has announced its second quarter numbers. It has reported Q2 standalone net loss of Rs 40.7 crore as against net profit of Rs 63.3 crore.


Tata Chemicals Q2 net profit at Rs 215.8 cr
Tata Chemicals has announced its second quarter numbers. Its Q2 standalone net profit went up at Rs 215.8 crore from Rs 142.6 crore

Mahanagar Telephone Nigam net profit declines 1.38% in the September 2008 quarterSales rise 1.05% to Rs 1204.92 crore
Amara Raja Batteries net profit declines 8.87% in the September 2008 quarterSales rise 32.71% to Rs 339.96 crore
Oil & Natural Gas Corpn net profit declines 5.67% in the September 2008 quarter

TajGVK Hotels & Resorts net profit rises 0.49% in the September 2008 quarter
SREI Infrastructure Finance net profit declines 45.05% in the September 2008 quarter
Orchid Chemicals & Pharmaceuticals reports net loss of Rs 40.66 crore in the September 2008 quarter
Sun TV Network net profit rises 35.12% in the September 2008 quarter
Jindal Steel & Power net profit rises 62.18% in the September 2008 quarter

Tata Chemicals net profit rises 51.39% in the September 2008 quarter
Bharat Petroleum Corporation reports net loss of Rs 2625.27 crore in the September 2008
quarter
Aban Offshore net profit rises 72.29% in the September 2008 quarter

Cairn India Q3 net profit at Rs 293.3 cr view table
29th-Oct-2008

Cairn India has announced its third quarter results. The company's consolidated net profit was at Rs 293.3 crore versus Rs 23.2 crore on YoY basis.

Dabur India net profit rises 18.12% in the September 2008 quarter
KSK Energy Ventures reports net profit of Rs 45.15 crore in the September 2008 quarter
CESC net profit rises 33.33% in the September 2008 quarter
Rashtriya Chemicals & Fertilizers net profit rises 116.61% in the September 2008 quarter


Source:CM,IE etc

Fed Cuts Key Interest Rate Half-point to 1 Percent

Fed Cuts Key Interest Rate Half-point to 1 Percent

Fed slashes key interest rate by half-point to 1 percent to combat financial crisis
WASHINGTON (AP) -- The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades.
The central bank on Wednesday reduced its target for the federal funds rate, the interest banks charge on overnight loans, to 1 percent, a low last seen in 2003-2004. The funds rate has not been lower since 1958, when Dwight Eisenhower was president.
The cut marked the second half-point reduction in the funds rate this month. The Fed slashed the rate by that amount in a coordinated move with foreign central banks on Oct. 8.

Fed is expected to cut interest rates again today- AP
Sept. durable goods rise by largest since June
Stocks Up Ahead of Fed Decision

Fed cuts key rate by half point to 1 percent
WASHINGTON (Reuters) - The U.S. Federal Reserve cut a key interest rate by a hefty half-percentage point on Wednesday to prevent a widening credit crisis from tipping the United States into a deep and prolonged recession.
The Fed's decision takes its target for overnight bank lending to 1 percent, the lowest since June 2004. Wall Street was united in the opinion the Fed would lower rates, although views were split on the likely size of the move.
The U.S. central bank has cut benchmark overnight rates from 5.25 percent in nine steps over the past 13 months to counter a financial storm that started with the collapse of the U.S. mortgage market and spread around the world.
(Reporting by Mark Felsenthal and David Lawder)

Source:yahoo,reuters