Sintex Ind earnings climb 35.48% in Sep`07 qtr

Leading plastic water tanks maker, Sintex Industries (Q, N,C,F)* registered a substantial jump of 35.48% in net profits for the quarter ended September 2007, helped by strong sales volume and improved operating margin.

During the quarter, the company saw a rise in profits to Rs 419.85 million as against Rs 309.90 million in the same quarter, last year.The net sales for the quarter climbed by 26% to Rs 3,204.03 million, while the total income for the quarter rose 26.50% to Rs 3,286.10 million, when compared with the corresponding quarter, a year ago.

The operating margins increased to 22.72% during the quarter, a rise of 186.09 basis points compared with the corresponding quarter, a year ago. The earnings per share for the quarter climbed 30.07% to Rs 3.72 compared with the same quarter of previous year.


We thank the owners of the above articles/sites/sources/Govts www.myiris.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Rajesh Exports Q2 net up 156%

Rajesh Exports Q2 net up 156%
BS Reporter / Bangalore October 08, 2007

Rajesh Exports, Bangalore-based gold jewellery manufacturer and retailer, has posted a 156% increase in net profit at Rs 54.24 crore for the second quarter of FY08 when compared with Rs 21.16 crore in Q2FY07.

Revenue was up 19.38% at Rs 2,044.21 crore as against Rs 1,712.22 crore in the corresponding period of the last fiscal. EPS for the second quarter increased 156% to Rs 14.67 from Rs 5.73 in the same period last year. Commenting on the results, Rajesh Mehta, chairman, Rajesh Exports, said: "The company has yet again posted a strong performance. I am pleased that the company's focus on margin expansion is bearing results. Going forward, I am confident that the company will post higher profits as margin expansion plans of the company keep maturing."


We thank the owners of the above articles/sites/sources/Govts www.business-standard.com for referring this. We are just providing the link/information of business updates from the leading sources.

Corporate Updates

MoneyControl.Com

Sintex eyes buyouts in Europe/US
Politics affects which sectors?
BSE to revise composition of indices
Voltas to bag Rs 800-1,000 cr order from West Asia
GIVE’s a generics booster for Indian drug makers
Tatas to race global cos for Serbian auto maker
UCO Bank plans follow-on public issue by Q1FY09
DLF to replace DRL in Sensex on Nov 19
National Aviation Company may divest 15% via IPO
Crude trades below $81/bbl


Rediff.Com

Market rally: Rich investors sell $1.04 billion
R& D: India lags behind China, Mexico
Foreign investments pouring in
IIM Calcutta in Rs 100 crore facelift
Mutual Fund roundup: September 2007
India top sourcing hub for global pharma
2 Indian design institutes among top global schools
Indian cities to witness 'Gold Shows'
Russia lifts ban on Indian oilseeds


Hindustan Times

Technopark firm renamed UST Global
Britain returns to tap Indian brains
New schemes to sell ONGC’s marginal fields
BSNL to spend 400 cr to expand in Jharkhand
We need to have a strong and deep bond market: Montek


Hindu -BusinessLine

Arvind Mills plans Rs 263.12-cr pref issue
Fitch assigns 'A+(ind)' rating to Unitech
Jaiprakash Associates board to consider stock split
McNally Bharat gets order worth Rs 38.31 crore
Radico Khaitan to invest in Rs 160-cr greenfield project
Simplex Projects bags Rs 115-cr contracts
Surana Ind plans subsidiary to tap windpower
Hindalco completes buy of Alcan stake in Utkal Alumina

BNP Paribas picks up 15 lakh GV Films shares
Goldman Sachs hikes stake in Aftek
Raj TV to launch 24x7 Tamil news channel
Moser Baer buys Hindi, Gujarati titles from Ultra Video
Vodafone commits $10 m for setting up Foundation in India
CS Software bags Rs 72-lakh order
Ramco bags order from Adani group


Business Standard

Tata Sky to provide feast of movie classics
Praj to set up ethanol plant for Tata Chemicals
Rajesh Exports Q2 net up 156%
ICICI Direct signs deal to offer overseas trading
Subex Azure bags UK Trade & Investment award
Microsoft India announces innovation framework


We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources.

DLF to replace Dr Reddy's on Sensex

Real estate developer DLF Ltd's stock would replace Dr Reddy's Laboratories Ltd's stock in the benchmark index, the Bombay Stock Exchange (BSE) said in a statement in Mumbai on Monday.

The replacement will be effective from Nov 19 in the BSE Sensex, the bourse said.
This move is expected to be positive for DLF as funds which track the index will now take positions in the stock, said a leading stockbroker in Mumbai.

DLF Ltd had entered the capital markets this July with an initial public offering (IPO) of 175 million equity shares through a 100 per cent book building process.

Incorporated in 1946, the DLF group is a leading real estate developer based in New Delhi. The group has over 220 million sq ft of existing development and 574 million sq ft of planned projects. In September 2006 DLF was the only real estate firm among the 60 businesses named Superbrands of India under the real estate category.


We thank the owners of the above articles/sites/sources/Govts http://www.hindustantimes.com
for referring this. We are just providing the link/information of business updates from the leading sources.

Sensex plunges 282 pts

SENSEX - 17491.39 ( Down 282 Points)

Nifty - 5085 - (Down 100 points)

The Sensex opened with a huge positive gap this morning and even looked poised to cross the coveted 18,000 mark as it vaulted to a new high of 17,982.59 in early trade. But the buoyancy proved quite short-lived as stocks, with the exception of those from the information technology sector, went into a tailspin due to a heavy bout of profit taking.

Though global markets provided positive cues, concerns over the growing rift between the ruling UPA and the Left parties on the Indo-US nuclear pact issue turned the participants jittery. The resultant sell-off in blue chip stocks sent the Sensex crashing to a low of 17,322.14 around noon.
There were a few mild rallies from lower levels but none proved strong enough to pull the market out of the red. Metal, realty, capital goods, bank, healthcare and auto stocks, all went down sharply. Fertilizer, sugar and telecom stocks were not spared either. FMCG stocks managed to regain some lost ground thanks to support at lower levels. IT stocks outperformed the market.

While the Sensex ended the day with a huge loss of 281.97 points or 1.59% at 17,491.39, the Nifty, which touched a high of 5249.30 in opening trade, settled at 5085.10, around 60 points off its intra-day low of 5024.75, netting a loss of 1.94% or 100.75 points.

Besides a host of large cap stocks, scores of midcap and smallcap stocks went down crashing today. Mirroring the sell-off in these segments, the BSE Midcap and Smallcap indices drifted down by 3.66% and 3.31% respectively.



We thank the owners of the above articles/sites/sources/Govts www.sify.com for referring this. We are just providing the link/information of business updates from the leading sources.

Day's Quote/Corporate Story

Quote of the Day

" I want to be remembered, not by fortune but by fame. I don't want the world to view me as a man with money, I want the world to view me as a man with a purpose and that purpose is to be remembered."

Personality / Corporate of the Day

Mukesh Ambani

Mukesh Ambani (April 19, 1957 Aden, Yemen) is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector company and a Fortune 500 Company. [2] His personal stake in Reliance Industries is 48%.[3] His wealth was US$50.1 billion as of March 2007 (Forbes), making him the world's 4th richest person and the richest person in India. However, his wealth was valued at US$ 51 billion in September taking into account his holding in Reliance Industries and group companies. This makes Mukesh the richest Indian in the world, ahead of steel tycoon Lakshmi Mittal.[4] Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.

Further details, Visit : http://en.wikipedia.org/wiki/Mukesh_Ambani

We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources.

Headlines from Economic Times

Hiranandani bags second residential project in Dubai
Varsity project for technology of powerloom sector
Surana acquires Soundarapandi Stores
NCR plans big roll-out of biometric ATMs
IRDA's report on senior citizen by Nov 7

NBFCs urge govt to ensure level-playing field with banks
Chandrayanaa-I, a stepping stone for Mars mission
MP gears up for Global Investors Summit-2007 [
IndiGo launches flight to Agartala with attractive fares
SEZ for renewable energy equipment to cost Rs 20,000 cr

Maruti Udyog is all set to launch Swift Sedan
Old guards join Indian MNCs after global buys
Govt should consider 'golden share' in PSU banks: SBI
Seventh round of NELP bidding to start in November
B school graduates rush to politics

UN's Special Consultative Status for South India NGO
Air India wants to build 'European Hub'
'Made in India' rising to challenge China
MSSIDC turnover up by 63 pc, recovers Rs 62 lakhs
UTI MF to launch India International Fund

India's booming economy pulls in young investors
Reliance Power to pump in Rs 61K cr from IPO
GIC picks up 15% stake in East African Reinsurance


We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources.

Jobs in Financial Services

Analyst Openings In JM Financials

JM financials currently has these good openings

http://kpowave.blogspot.com/2007/10/analyst-openings-in-jm-financials.html

To Apply: http://jmfinancial.in/careers.asp?step=next&Adv=Y

Capal partners job application link!!!

Founded by professionals with executive experience at McKinsey & Co., GE Capital, and Goldman Sachs, Copal Partners provides its clients with financial research and analytics services through client-specific proprietary products. It has four practice areas: investment banking, equity research, credit research and consulting strategy.For applying use this link:http://www.copalpartners.com/CareerApply.aspx

Job openings in Sharekhan!!!

TECHNICAL ANALYST JOB DESCRIPTION: Job involves technical analysis and forecast of Indian stocks and commodities. Creating and managing trading products for retail clients. Providing adivisory support to HNI clients and equity sales department.EXPERIENCE: 1 to 5 yearsApplication link:http://www.sharekhan.com/Careers/Default.aspx

We thank the owners of the above articles/sites/sources/Govts http://kpowave.blogspot.com for referring this.

India's Best B-Schools - A BT-Nielsen Study

India's Best B-Schools

A Business Today -Nielsen Study

( Issue Dated : Business Today, September 23, 2007)

Ranks 2007 - Top 10

1. IIM - Ahemedabad

2. IIM - Bangalore

3. IIM - Calcutta

4. Symbiosis - Pune

5. IIM - Lucknow

6. IIM - Indore

7. JBIMS - Mumbai

8. XLRI

9. ICFAI - Hyd

10. NMIMS - Mumbai

We thank the owners of the above articles/sites/sources/Govts for referring this.