Headlines from ET, Moneycontrol

Economic Times

India to stay in talent top club till 2012
Stocks to Watch on Thursday
EPF may join bullwagon to realise better returns
Equity funds post best monthly gains in 4 yrs


Morgan races Morgan for Jaguar & Land Rover
Mallya joins Deccan board as Vice Chairman
RBI appoints 2 executive directors

Maruti Suzuki October vehicle sales up 15 pc
TVS Motor October sales rise 13 per cent
BAL October sales flat at 2.48 lakh units
TVS bike sales dip 26 pc in October

Numbers Game: Mixed quarter for most banks
CRR hike to hit co-operative banks the most
Videocon to bid for Navi Mumbai airport

PGCIL to open office in Dubai; eyes stake in Transco at $800mn
L&T gets Rs 5500 cr Mumbai airport order
Sintex acquires French company for $55 million
Pyramid Saimira enters US market; acquires FunAsia
NDTV 24x7, NDTV Profit to be launched in Singapore

Verizon gets LoI for NLD, ILD licences
VSNL to be named Tata Communications
VSNL building $200 mn Asian cable system
India falls five places in Global Competitiveness Index

Goldman Sachs consolidates stake in HTMT Global
India's exports rise by 19.26% despite rupee rise
IFCI stake sale: One bidder may opt out
Bulls may trap unions to trust mkts with EPFO money


Oil India Ltd shareholders approve IPO proposal
Edelweiss IPO price band at Rs 725-825
HCL to set up 5 tech centres at Rs 1,000 cr each
Corbus, RMSI in Nasscom's list of best cos to work for
Exporters' package in 2 weeks: Nath

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Moneycontrol.Com

Fed cut to further fuel rally: Experts
Power Grid board okays JV with REL: NW18
Usha Martin’s QII cons net profit at Rs 45.95cr up by 49%
News flow pushing up RPL prices: KR Choksey
Sujana Towers net sales at Rs 12599.24 lakh
Buy KEC International; target of Rs 851: IndiaInfoline

NRB Bearings Q2FY08 net sales at Rs 78.20cr up by 7%
Exide enters lead smelting & recycling business
B.A.G Films & Media’s Qtrly PBT up 101%
Marico acquires Enaleni’s subsidiary

Jai Balaji posts net profit of Rs 50.87 cr
Kalpataru Power reports 26% increase in total revenue
Sangam (India) Q2FY08 net sales up 38% at Rs 189cr
Vipul Ltd records 213% increase in net profit at Rs 11.19cr

Sona Koyo Steering forms JV with AAM
Parenteral Drugs registers 446.87% growth in net profit
Indoco Remedies net profit up 31.67%


Financial Tech total income increases by 1024% to Rs 4610mn
Financial Technologies (India) Limited, India’s leading technology solutions provider for capital, commodities, forex and bond markets, today announced its unaudited financial results for the quarter and half year ended September 30, 2007.

Financial Technologies has reported total income of Rs.4610 million for the quarter ended September 30, 2007, a growth of 1024% as compared to Rs.410.2 million for the quarter ended September 30, 2006. EBITDA margin stood at 96% and PAT has grown to Rs. 3385 million as compared to Rs.262.5 million for the same period, a growth of 1189%.

Q2 FY2007-08 (July-September 2007) vs. Q2 FY2006-07 (July-September 2006)

· The total income increased by 1024% to Rs. 4610 million in Q2FY2007-08 as compared to Rs. 410.2 million in Q2FY2006-07.
· EBITDA has gone up by 1398% to Rs. 4422.5 million in Q2FY2007-08 as compared to Rs.295.3 million in Q2 FY2006-07
· EBITDA margin has increased to 96% in Q2FY2007-08 as compared to 72% in Q2FY2006-07
· PBT was up by 1396% to Rs. 4365.2 million in Q2FY2007-08 as compared to Rs.291.8 million in Q2FY2006-07.
· PAT expanded by 1189% to Rs.3385 million in Q2FY2007-08 as compared to Rs.262.5 million in Q2FY2006-07

Kotak Mahindra Bank launches Kotak BillPay
Core Projects revenues jump 278.57%, PAT up 281.43%
CBoP’s net profit up 34% to Rs 416mn

Likely to bag $82m West Asian order: Power Grid
TCI H1 EBIDTA jumps 22%



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Headlines from ET,MC,Myiris and others

Khattar to retire as Maruti MD in December
Torrent Power Q2 net rises two-fold
Maruti to invest $1.8 bn in R&D, marketing
J&K Bank seeks foreign partner for 49pc stake in broking unit
Titan hopes to sell 10 million watches in FY08

Prakash Industries to set up Rs 4500 crore power plan in Madhya Pradesh
BorgWarner plans unit near Chennai
Tatas to decide on 4.5 mn ton Vietnam steel plant after study
Steel investments to touch Rs 3 lakh cr
Tatas yet to decide on Vietnam steel plant

Economy growth nears 9 pc, infrastructure lags
IVRCL Infra bags order worth Rs 346 cr order
VSNL to showcase retail WiMax services in Bangalore
Raining IPOs on Dalal Street

Stocks to buy: Asian Paints, Suzlon, Finolex
Hot Stocks Platter: Godrej, Religare Enterprises , Suajana Towers and Gujarat Gas
An eye on the future: Religare Enterprises
Religare IPO subscribed 6 times


Men's apparel market to grow to $13-14 bn by 2009
Hinduja looking at majority stake in ONGC project
Bihar Tubes in pipes JV with Japan's Kusakabe
News Corp. and NBC launch online video site 'Hulu' as YouTube alternative
Dubai's DP World to invest $500 mn in India

Siscol, JSW Steel boards okay merger
Sona Koyo in JV with US-based AAM International

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Myiris.com

RBI policy detrimental for market: Vishwas Agarwal
ICRA assigns IPO Grade 3 to Religare
Will RBI maintain Status Quo on key rates?
Emkay assigns `Buy` on Corporation Bank
Emkay retains `Buy` on Marico
Lakshmi Machine Q2 net up 29.95%
Ispat Industries enters into MoU with M P Trade & Investment

Centre to introduce `GUTS Bill`
Kalyani Forge net down 63.32% in Sep`07 qtr
Ashok Leyland inks contract with Nissan
Dr Reddy`s to tie-up with US retail chains for OTC drugs
Steel sector emerges as a key investment destination

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MoneyControl.Com

India requires USD 500bn for infrastructure projects
Info Edge reports 326% rise in net profit to Rs 151.42mn
Allied Digital reports topline gwth of 158%, PAT up by 134%
Ramsarup Industries PAT takes quantum leap by 80%
Avaya GlobalConnect net profit stands at Rs 47.62cr

Nifty likely to touch 6000 levels in near-term: Brics Sec
BHEL Q2 net profit up 91% to Rs 688 cr
Lanco Infratech enjoys strong order book worth Rs 7,600 cr
JP Morgan to launch $1.5 bn infra fund

FY08 FDI target at $30 bn: Commerce Min
Calsoft records rapid growth in profits
Rs 7,000 cr order book executable over 2 yrs: Simplex Infra
Order book stands at Rs 2,400 cr: Jyoti Structures
Simplex Infra Q2 net profit up at Rs 19.1 cr


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Headlines from ET

KSS-Abhishek auto for JV co; to invest $20 mn
Kotak Mahindra to enter into credit card business
UCO Bank in talks with ARCs to sell bad loans worth Rs 50 cr
Fitch affirms ICICI's Indian RMBS 2003 Trust Series 1
Marico eyes acquisitions in beauty segments

Arvind Mills signs pact with US firm Cherokee
Alok Industries to consider realignment of businesses
REL, L&T, Sterlite bid for Krishnapatnam UMPP
Fitch affirms Reliance Energy's 'AAA(Ind)' rating
Power utilities' revenues up 43%: Assocham

Power trading will boost production: MCX Chief
ONGC to dilute 50% in KG block
India's September oil product sales up 1.9 pc y/y
Refiners' Sept oil processing up 6.9 pc YoY

Suven Life Sciences to develop therapy for HIV
BEML receives Rs 648 cr order from Northern Coalfields
Energy Development gets order worth Rs 14crore
BEML bags Rs 1,144 cr order from DMRC

Total number of FM stations go upto 120
Pune expo to zoom in on world of animation
Policy norms only after TEC report: Raja
MTNL launches 'One Minute' plan
Telcos front-runners in bid for tracking devices in Delhi buses


Brokers expect better business after PN ban
Marg Constructions surges on MoU with Malaysian firm
UTI AMC to appoint merchant bankers by Nov-end
Oracle sets up R&D, solution units in India
Teradata betting big on India

India 2nd least globalised economy: Report



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Headlines from ET

Maytas Infra may list @Rs 500 per share

MUMBAI: Maytas Infra is expected to list around Rs 500 on the exchanges Thursday, against the issue price of Rs 370 for the Rs 10 share. The initial public offering was subscribed 67.86 times and raised Rs 327.4 crore. The company plans to use the IPO proceeds for various built-operate-transfer projects including the Bangalore-Hosur elevated expressway, 300 MW coal-based KVK Nilachal power project in Orissa, 56 MW coal washery reject-based SV power plants, and 2.5 million MT per annum coal washery at Korba in Chhattisgarh.

“The company is likely to see 40 per cent upside on listing. It’s priced around 39 times FY07 earnings. The stocks is expensive than IVRCL but given the strong book, it looks good going ahead. We see good growth over next couple of years, fuelled by current order book of Rs 3,600 crore, which is 5.5 times FY07 revenues,” said Abhinav Bhandari, sector analyst at PINC.

Goldman Sachs eyes 33% stake in Bhatia's Nano City
MMTC to set up commodity exchange with Indiabulls

Honda plans low-cost hybrid in 2009
Honda to launch small car Jazz by '09
Shishir Bajaj sells 1% BAL stake for over Rs 200 cr
ICICI Bankbs new rock star
Global firms eye stake in UTI
Tanishq launches Zoya collection

Fortis inks pact with Microsoft
Binani Cement plans to invest Rs 1,800 cr
Satyam buys UK consulting firm Nitor for Rs 22 cr
No spectrum allocation till November 12: Govt
RBI may not change short-term interest rates: Analysts
Intel Capital invests in Tag Media


LIC's turning builder, buys land for commercial development
Reliance Life forms distribution tie-up with Muthoot Group
Future Capital mulls Rs 2,000 cr Berkshire-like investment arm
Zenotech plans to invest over Rs 90 crore in R&D
Wockhardt buys Morton Grove of US; Q3 net profit down 35%
Ma Foi opens subsidiary in Hong Kong

Emkay, Religare's 'Buy' on Venus Remedies
ADAG seeks SEBI probe into campaign against Reliance Power IPO
Central excise gears up to collect Rs 1250 cr
Kotak Mahindra to enter into credit card business
Govt gets Rs 167 lakh from FM channels as license fee

We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers