14 October 2007

Corporate Updates

Rediff.Com

Forex reserves cross $250-bn
240 'defaulter' B-schools in MRTPC list :
RIL says rehab package better than govt's :
The truth about US FDI in China
Emerging economies can offset US slowdown
India@60: Are we on the right track?


Business Standard

Nikon unveils festive discounts, new digicam
RIL eyes 10 bn barrels of oil equivalent reserve
Bilcare plans Rs 100cr clinical training spend
IDFC H1FY08 net up 31% to Rs 375cr
CMC Q2 net up 93%
Reliance allots shares to IPCL shareholders
UB signs pact with Bengali rock band Bhoomi
Bank of Baroda cuts home loan rates again


BusinessLine.in

Carborundum Universal: Buy
Trader's Corner
'India still a favourite market'
Magnum COMMA Fund: Invest
Templeton India Equity: Invest
M&As and stock calls
Biased towards large-cap stocks


Sify.Com

IFC to invest $500 m in infrastructure
Asahi India Glass: Hold


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IDFC H1 net up 31 per cent to Rs 375 cr

IDFC H1 net up 31 per cent to Rs 375 cr

MUMBAI: Infrastructure Development Finance Company (IDFC) on Sunday said it has posted a net profit of Rs 375 crore for the half-year ended September 30, up 31 per cent from Rs 286 crore in the corresponding period last year.

The company's net interest income increased to Rs 329 crore during the period, a growth of 55 per cent over Rs 213 crore in the year-ago period, an IDFC release said here.

Its non-interest income for the first six months of the current fiscal stood at Rs 293 crore, a rise of 92 per cent from Rs 153 crore a year ago.


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CCCL may see Rs 200 plus premium on listing: Experts

CCCL may lists at Rs 200 plus premium: Experts

Consolidated Construction Consortium (CCCL), a provider of integrated turn-key construction services, will list on the bourses with its public issue shares on Monday, October 15, 2007.
According to Investment Advisor, S P Tulsian, "Consolidated Construction Consortium is likely to list at Rs 700 per share on Monday against issue price of Rs 510 per share. Profit booking is advised and no fresh entry should be made as better secondary market plays are available."
R S Iyer of KR Choksey Securities says, "Consolidated Construction is expected to list at around Rs 550-600. Above Rs 650, one can book profits."

"CCCL is likely to list with premium of Rs 250 that means Rs 760 against its issue price of Rs 510 and advise to hold for long term", Manish Bhatt of Prabhudas Lilladher said.

"CCCL has about two decades of experience in the construction sector. The Company is having an Order book worth Rs 2050 crores which is 2.5x FY07 sales. With a number of IT parks, SEZ, malls planned in next 2-3 years we believe CCCL is poised to exploit the opportunity and show strong growth in the next 3-5 years", Arpit Agrawal- Head Of Research - Arihant Capital Markets said.

The company had enterd capital market with a public issue of 37,00,000 equity shares of Rs 10 each at price band of Rs 460-510 per equity share. The issue was subscribed 81.18 times.
The company raised Rs 188.70 crore from the issue at price of Rs 510 per share, a higher end of price band. The company will use this money to finance the acquisition of construction infrastructure, investment in subsidiaries, expenditures towards skill and management development centre, repayment of loans and expenditure for general corporate purposes.



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Day's Quote/Corporate Story

Quote of the Day
" If things don't happen by your wish, make them happen by your will."
Personality / Corporate of the Day
Sunil Mittal
Sunil Bharti Mittal, born June 15, 1957 is an Indian businessman. He is the chairman and managing director of the Bharti group. The $4.5 billion turnover company runs India's largest GSM-based mobile phone service.
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13 October 2007

Economic Times headlines

Bata targets turnover of Rs 1,000 cr for current fiscal


Emaar-MGF partners Marriot for luxury hotels
ICICI Bank declares 0.50% cut in special deposit schemes
Apollo to set up three hospitals in Maharashtra
Lupin receives Rs 111.63 crore for selling Perindopril patents
Shree Ganesh Jewellery to roll out 10 exclusive stores
Panasonic to set up 100 shops for stronger presence

Ratan Tata tops Asiamoney list of influential businessmen
Bank loans surging: RBI may hold on to interest rates
For Reliance, buyout is the buzzword in the growth path
Pachauri, Gore win peace Nobel
Navratna PSUs add flare to blazing stock mkt


Raging market: Small IPOs make gains for shareholders
Amul girl gears up to enter Guinness Book
SPVs for corporate acquisitions
Dr Reddys Lab on prowl overseas to scale up R&D options
ITC paper arm plans Rs 1,500-cr plant in Andhra
India seeks Russia's commitment in energy sector

Goldman Sachs to set up AMC, NBFC in India at $50 million
Nifty may lose momentum amidst market volatility
Slowdown in FII flows likely but no negative for equities
Analyst' picks: ONGC, Varun Shipping, Nestle India, ICSA India



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Result Calendar 14,15 Oct 07

Leading software maker, CMC registered a rise of 92.62% in consolidated net profit for the quarter ended September 2007. During the quarter, the company saw a rise in consolidated net profit to Rs 230.04 million from Rs 119.42 million in the same quarter last year.Consolidated total income for the quarter climbed 13.61% to Rs 2,752.17 million compared with the corresponding quarter, a year ago.
Mold-Tek Technologies announced a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company witnessed a 65.90% rise in profit to Rs 36.83 million from Rs 22.20 million in the same quarter, last year.Sales for the quarter rose 12.23% to Rs 279.82 million compared with the corresponding quarter, a year ago.
Result Corner
14-Oct-07
Result Corner
15-Oct-07
TCS 15-Oct-07
Axis Bank 15-Oct-07
IFCI 15-Oct-07
Indian Bank 15-Oct-07
Jaiprakash Asso 15-Oct-07
Orbit Corporati 15-Oct-07
Petronet LNG 15-Oct-07
Sasken Comm 15-Oct-07
UCO Bank 15-Oct-07
Vakrangee 15-Oct-07
Welspun Guj 15-Oct-07

Aravali Pipes 15-Oct-07

BOC India 15-Oct-07
COUNTRY CLUB 15-Oct-2007

ETC Networks 15-Oct-07

Indian Card 15-Oct-07

KLG Systel 15-Oct-07

Nagreeka Cap 15-Oct-07

Nagreeka Export 15-Oct-07
REL CHEMOTX 15 oct

Reliance Infra 15-Oct-07

Sanwaria Agro 15-Oct-07

Xpro India 15-Oct-07
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JM Financial, Karvy, Edelweiss Jobs

JM financials currently has these good openings
Job Title:Mutual Fund Research Analyst (Asst. Mgr./Dy. Mgr./Manager)
Fundamental Analyst Openings in Edelweiss
Get the latest openings for Fundamental Analyst.
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CoolAvenues Finance JobAlert

Finance / Banking Positions

Management Trainee - Private Wealth Group : JM Financial Limited http://www.coolavenues.com/jobs/0907_0_3324.php

Senior Analyst - Health Care Life Sciences : Deloitte Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/0907_1_1250.php

Consultant - Auto & Engineering : One of the Largest Management Consulting Firms in South Asia http://www.coolavenues.com/jobs/1007_0_3318.php

Manager - Consulting (Finance) : A T Kearney http://www.coolavenues.com/jobs/1007_0_3294.php

Equity Research Analyst : A Leading Stock Broking & Retail Financial Advisory Company http://www.coolavenues.com/jobs/1007_1_1265.php

Directors - Corporate Finance / M&A / Debt Syndication : One of the Largest Investment Banks http://www.coolavenues.com/jobs/1007_1_1267.php


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B-School Rankings

Top-10 B-Schools as per Business Today
Top-10 B-Schools as per Outlook
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