Economic Times Headlines

Two Indians on Time's global "Heroes of Environment" list
500 companies defy meltdown, add Rs 60K to investor kitty

R-Money offers free trading accounts
Reliance Ind Infra falls 5 per cent
KDDL eyes acquisition in Switzerland
Madhya Pradesh okays 83 investment proposals
Prudential 9-month sales up 15 pc
Block deal of 4.82 pc of United Breweries on BSE
Overseas growth drives ICICI Bank momentum

KS Oils July-Sept net at Rs 265.8 mn
Triveni in pact with GE for compressors
RIL to club eight discoveries to D1/D3 finds in KG basin
Siemens gets Rs 330 crore order from Tata Steel
Greenply to acquire plywood firms, plans new units

BSNL to invest Rs 60,000 cr by 2010, aims top slot in GSM
BSNL declares Rs 500 cr dividend for 2006-07
Reliance Ind Infra falls 5 per cent
Suzlon to list Belgium-based subsidiary on LSE

What to expect on October 25 SEBI meet?
Heard on the street



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Other Results and Result calendar

Other Results and Result calendar

Mindtree Consulting has announced its second quarter numbers. It has posted 34.6% growth in its net profit of USD 6.7 million.

Shree Cement Q2 net profit at Rs 106.2 cr

Subex Azure Q2 net loss at Rs 34.8 cr

HOEC Q2 net profit at Rs 7.4 cr

Jain Irrigation Q2 net profit at Rs 30 cr


24-Oct-2007 Quarterly Results Calendar from Myiris.Com

3I INFOTECH

ALLIDE DIGITAL

AREVA

BANK OF MAH


CASTROL IND

CIPLA

CYBER MEDIA

D C M SHRIRAM CON

D C W LTD.

DABUR INDIA

DISHMAN PHAR

DR. REDDY

GEODESIC

GUJ AMB EXP
24-Oct-2007
Quarterly Results & To note development of Maize Processing Project at Uttranchal.
GUJ IND POW

HIND MOTORS

HOTEL LEELA

INNOVA FOOD

J B F IND

KUSHAGRA SOFT

LUPIN LTD

M M FORGINGS

MACMILAN IND


MARICO LTD

MERCATOR LIN

MRO-TEK LTD

MUKAND ENGG

NAVNEET PUB.

OPTO CIRCUITS

PAGE INDUSTR


PARADYNE INF

PHOENIX MILL

SADBHAV ENGG

SAKTHI SUGAR

SUN TVNET

T V S MOTOR

TELE DATA

TOURISM FIN

UNION BANK

VICEROY HOTEL

VIJAYA BANK


Result Calendar Updates from Indiaearnings.com

3i Infotech 24-Oct-07

Allied Digital 24-Oct-07

Anant Raj Ind 24-Oct-07

Bank of Mah 24-Oct-07

Bihar Caustic 24-Oct-07

Blue Star 24-Oct-07

Castrol 24-Oct-07

Cholamandalam 24-Oct-07

Cipla 24-Oct-07

Cyber Media 24-Oct-07

Dabur India 24-Oct-07

DCM Shriram Con 24-Oct-07

DCW 24-Oct-07

Dishman Pharma 24-Oct-07

Dr Reddys Labs 24-Oct-07

Eastern Silk 24-Oct-07

Ent Network Ind 24-Oct-07

Excel Crop Care 24-Oct-07

Fact Enterprise 24-Oct-07

Fert and Chem 24-Oct-07

Genesys Int 24-Oct-07

Geodesic 24-Oct-07

GIC Housing Fin 24-Oct-07

Guj Amb Exports 24-Oct-07

Guj Gas 24-Oct-07

Guj Ind Power 24-Oct-07

Himadri Chem 24-Oct-07

Hind Motors 24-Oct-07

Hotel Leela 24-Oct-07

JBF Industries 24-Oct-07

JK LakshmiCemen 24-Oct-07

Krebs Biochem 24-Oct-07

Lakshmi Vilas 24-Oct-07

Lupin 24-Oct-07

Macmillan 24-Oct-07

Mahindra Ugine 24-Oct-07

Marico 24-Oct-07

Mercator Lines 24-Oct-07

Minda Ind 24-Oct-07

MM Forgings 24-Oct-07

Mukund Engg 24-Oct-07

Mysore Cement 24-Oct-07

Navneet 24-Oct-07

Nitco Tiles 24-Oct-07

NRC 24-Oct-07

OCL India 24-Oct-07

Opto Circuits 24-Oct-07

Page Industries 24-Oct-07

Paradyne Info 24-Oct-07

Phoenix Mills 24-Oct-07

Pitti Laminatio 24-Oct-07

Premier 24-Oct-07

Rane Engine 24-Oct-07

Revathi CP 24-Oct-07

Sadbhav Eng 24-Oct-07

Sakthi Sugars 24-Oct-07

Stindia 24-Oct-07

Sun TV Network 24-Oct-07

Swaraj Engines 24-Oct-07

Teledata Info 24-Oct-07

Tourism Finance 24-Oct-07

TVS Motor 24-Oct-07

UCO Bank 24-Oct-07

Union Bank 24-Oct-07

Viceroy Hotels 24-Oct-07

Vijaya Bank 24-Oct-07



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Other Results: India Infoline, Finolex Cables, Ashok Leyland etc

India Infoline consolidated net up 2.58 times in Q2 (updated)

Financial services space reported a 2.58 times rise in its net profit to Rs 536.7 million for the quarter ended September 2007, from Rs 207.6 million in the corresponding quarter a year ago. Total income rose 2.46 times to Rs 1,952.90 million for the quarter ended September 2007 from Rs 794.9 million, for the same period last year.India Infoline, on a standalone basis disclosed a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 4.60 times rise in profit to Rs 455.38 million, from Rs 98.88 million in the quarter ended September 2006.Net sales for the quarter rose 7.21 times to Rs 1,191.12 million, compared with Rs 165.03 million in the corresponding quarter, a year ago. Total income rose 7.52 times to Rs 1,309.95 million for the quarter ended September 2007, from Rs 184.75 million for the same period last year.The diluted EPS after extraordinary item stood at Rs 7.31 for the quarter ended September 2007.

Zee Entertainment Q2 consolidated net jumps 4.61 times

Leading media house, Zee Entertainment Enterprises registered a phenomenal growth of 4.61 times in consolidated net profit for the quarter ended September 2007. During the quarter, the company experienced a rise in consolidated net profit to Rs 970.60 million, from Rs 210.10 million in the same quarter of the previous year. Consolidated total income during the quarter jumped 15.43% to Rs 4,210.70 million compared with the corresponding quarter, a year ago.

Bhushan Steel net rises 49% in Sep`07 qtr

Bhushan Steel announced a 48.60% jump in net profit at Rs 1,034.10 million for the quarter ended September 2007, compared with Rs 695.90 million for the quarter ended September 2006. Net Sales rose 7.38% to Rs 10,681.20 million in the quarter, from Rs 9,947.10 million in the same quarter, a year ago.Total Income stood at Rs 10,815.90 million for the quarter ended September 2007, where as the same was at Rs 9,995.80 million for the quarter ended September 2006

Indiabulls Financial net vaults 3.8 times in Q2

Finolex Cables Q2 earnings climb 24.65% (Update)

Binani Cement net drops 5.52% in Sep `07 qtr

Coromandel Fertilisers Q2 net climbs 27.39%

Ashok Leyland net declines 15.75% for Q2

Mangalam Cement net rises 36.91% for Sep `07 qtr

Britannia Q2 earnings zoom 2.29 times

Novartis India net rises 70.16% in Sep `07 qtr

Gujarat Alkalies net rises 57.51% in Sep`07 qtr

Apollo Hospitals net falls 52.98% in Q2

GlaxoSmithkline Consumer net rises 39.38% in Sep`07 qtr

Micro Inks swings to (consolidated) profit of Rs 220 mn in Q3

Madras Cements Q2 net climbs 34.17%

Riddhi Siddhi Gluco net down 24.73% for Sep`07 qtr

Amara Raja Batteries Q2 net up 62%

Eicher Motors net up 17.77% in Sep`07 qtr

Bannari Amman Spinning Mills net up 12.5% in Sep`07 qtr

Twilight Litaka net up 65.89% in Sep`07 qtr

Gujarat Alkalies net rises 57.51% in Sep`07 qtr



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Satyam, Suzlon, Indiabulls Results

Suzlon Energy Q2 net profit up 40% at Rs 355.58 cr


MUMBAI: Suzlon Energy reported a 40 per cent jump in net profit of Rs 355.58 crore for the quarter ended September against Rs 253.49 crore in the same quarter a year ago. Total income rose 31 per cent to Rs 1687.45 crore from Rs 1285.45 crore in the corresponding quarter previous year. Suzlon’s consolidated net profit for the quarter ended September was up 68 per cent at Rs 394.70 crore against Rs 235.37 crore for the same period a year ago. Sales stood at Rs 3641.29 crore against Rs 2086.98 crore for the same quarter previous year. At 11:11 am, shares of Suzlon Energy were up 12.55 per cent at Rs 1787 from its previous day’s close.


Satyam Computer Q2 net profit up 29% at Rs 417.1 cr


MUMBAI: Satyam Computer Services reported 29 per cent jump in net profit at Rs 417.15 crore for the quarter ended September as compared with Rs 322.34 crore in the same quarter previous year. Total income increased by 31% to Rs 2056.44 crore from Rs 1565.84 crore in the corresponding quarter a year ago. The Satyam Computer Services group posted net profit of Rs 409.09 crore for the quarter ended September versus Rs 319.81 crore for the same quarter a year ago. Total income increased to Rs 2142.26 crore from Rs 1630.11 crore previous year. At 10:18 am, Satyam Computer shares were up 3.02 per cent at Rs 462 on the BSE.END


Indiabulls Financial Q2 net profit surges 282%


MUMBAI: Indiabulls Financial Services Ltd's July-September net profit rose 282 per cent to Rs 117.05 crore compared with Rs 30.63 crore in the same quarter of the previous year. Net sales increased 300 per cent to Rs 263.71 crore against Rs 65.87 crore year ago. Indiabull group's net profit for the September quarter was up 82 per cent to Rs 173.20 crore against Rs 95.10 crore same period year ago. Net sales rose 83 per cent to Rs 492.87 crore against Rs 269.79 crore in the same period year ago. At 10:00 am, Indiabulls Financial shares were at Rs 574 on NSE, down 0.73 per cent from Monday’s close.


GTL Q2 net profit at Rs 45.43 cr
Dish TV July-Sept net loss Rs 919.4 mn
Orient Paper July-Sept net Rs 583.2 mn
KS Oils July-Sept net at Rs 265.8 mn
Dewan Housing July-Sept net at Rs 162 mn
Godrej Consumer Q2 net up 19 pc at Rs 37 cr
BASF up 5% at Rs 245 on Q2 net profit
Hotel Leelaventure July-September net seen up 29.5 pc


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Sensex records its biggest single day gain, ends 879 pts up

Sensex ends 879 pts up

Sensex 18493 (879)
Nifty 5474 (290)

Strong global markets, fairly buoyant results from India Inc and the market regulator SEBI's proposal to undertake a full review of regulations relating to the foreign portfolio investors at its board meeting later this week were among the prominent triggers that sent the bulls on a rampage today. So sustained and stubborn were the bulls that it was a long trip up north for several blue chip stocks and the benchmark indices Sensex and the Nifty today.

The Sensex, which opened with a positive gap of nearly 300 points at 17,910.30 and hit a high of 18,542.41 in intra-day trades, settled at 18,492.84 with a thumping gain of 878.85 points, its biggest ever single day surge in absolute term. The previous best was the 778.85 points gain it had recorded on October 9, 2007. The Nifty, which hit a high of 5488.50 in late afternoon trade, ended with a gain of 5.59% or 289.70 points at 5473.70.

A fair share of the rise in values of frontline stocks could also be attributed to short-covering ahead of October series derivatives contracts. The mood was so buoyant that only a few stocks, Tata Consultancy Services (down 0.95%), Ambuja Cements (down 0.55%), Wipro (down 0.45%), HDFC (down 0.25%) and Infosys Technologies (down 0.15%), among the Sensex components failed to close on the positive side. All these stocks, however, had enjoyed a spell in the positive territory at some stage of the session today.

Index heavyweight Reliance Industries closed stronger by as much as 7.85% at Rs 2601.55. Capital goods heavyweights BHEL and Larsen & Toubro moved up by 11.55% and 7.55% respectively. Power stocks Reliance Energy (11.2%) and NTPC (8.85%) and telecom major Bharti Airtel (8.4%) also closed with hefty gains. Reliance Communications surged 4.9% to Rs 755.45.

Bank stocks, led by sector heavyweights HDFC Bank (7.45%), State Bank of India (5.85%) and ICICI Bank (3.65%) posted strong gains. Metal stocks had a fine run in the positive territory today. Tata Steel notched up a smart gain of 6.95%. Hindalco gained 3.85%.
Cipla (7.25%), Grasim Industries (5.4%), Maruti Udyog (4.6%), ACC (4.65%), ITC (4.35%), ONGC (4.25%), Hindustan Unilever (4.25%), Tata Motors (3.05%), Satyam Computer Services (3%), Dr. Reddy's Laboratories (2.95%), Mahindra & Mahindra (2.65%), Ranbaxy Laboratories (2.45%) and Bajaj Auto (2.15%) also ended on a high note.

SAIL posted an impressive gain of 10.75%. Unitech surged 10.2%. Suzlon Energy, backed up strong results and fat order book, recorded a smart gain of 9.15%. Punjab National Bank, Zee Entertainment, ABB, Reliance Petroleum, GAIL India, Tata Power and Siemens firmed up by 5% - 8%.

Sterlite Industries climbed up 4.65%. BPCL (2.95%), VSNL (2.95%), Hindustan Petroleum Corporation (2.85%), Nalco (2.75%), MTNL (2.5%) and Sun Pharmaceuticals (1.75%) also ended on a high note.

Punjab Lloyd, Crompton Greaves, AIA Engineering, Bharat Earth Movers, Alstom Projects, Areva, Thermax, Praj Industries, Kirloskar Oil Engines, Bharat Electronics, SKF India, Kalpataru Power, Havell’s India and Lakshmi Machine Works were among the top gainers in the capital goods index.

Bank of India zoomed 22.3% to Rs 314.80. Kotak Bank and Canara Bank moved up by 13.25% and 11.35% respectively. Yes Bank spurted 10%. Union Bank of India, Bank of Baroda, Oriental Bank of Commerce, Centurion Bank of Punjab, Axis Bank, Karnataka Bank, Indian Overseas Bank, IndusInd Bank, Federal Bank, Allahabad Bank, Andhra Bank, Indian Bank, IDBI, Dena Bank, Vijaya Bank and Syndicate Bank recorded impressive gains today.

Meal stocks Jindal Steel, Sesa Goa, Welspun Gujarat, Bhushan Steel, Maharashtra Seamless, JSW Steel and Jindal Stainless, auto and auto components stocks MRF, Escorts, Hindustan Motors, Exide Industries, Cummins India, TVS Motor, Amtek Auto, Apollo Tyres, Bharat Forge and Punjab Tractors ended with strong gains.

Divi's Laboratories, Aurobindo Pharma, Lupin, Opto Circuits, Apollo Hospitals, Cadila Healthcare, Nicholas Piramal, Sterling Biotech, Matrix Laboratories, Fortis Healthcare, Biocon, Novartis and Wockhardt were among the major gainers from the healthcare sector.
Midcap stock LIC Housing Finance vaulted 19.15%. Micro Inks, IVRCL Infrastructure, Educomp Solutions, United Breweries, Emami, EID Parry, Ballarpur Industries, Penland, KS Oils, Take Solutions, Bharat Bijli and Ispat Industries also finished with sparkling gains.

Thanks to widespread buying, the market breadth remained very strong today. Out of 2798 stocks traded on BSE, as many as 2089 stocks ended on a positive note. 658 stocks closed in the negative zone while 51 stocks ended at their previous closing levels.


Biggest Gain: Sensex ends up 879pts


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Day's Quote/Corporate Story

Quote of the Day

" There is no such thing as luck. Prepare and you will receive many opportunities."


Corporate/Personality of the Day

Naresh Goyal

Naresh Goyal (नरेश गोयल) is the founder Chairman of Jet Airways. He started operating Jet Airways in 1993. Following the 2005 IPO of Jet Airways, Forbes magazine declared him the 16th richest person in India with a net worth of $1.9 billion.
He has just taken over Air Sahara giving his company 32% of the Indian travel market

Further, Visit: http://en.wikipedia.org/wiki/Naresh_Goyal


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Result Calendar: 23 Oct 2007

Results Calender

Agro Tech Foods 23-Oct-07

Amara Raja Batt 23-Oct-07

Apollo Hospital 23-Oct-07

Ashok Leyland 23-Oct-07

BASF 23-Oct-07

Binani Cement 23-Oct-07

Binani Ind 23-Oct-07

Bio Green Ind 23-Oct-07

Britannia 23-Oct-07

Coromandel Fert 23-Oct-07

Cybertech 23-Oct-07

Deepak Fert 23-Oct-07

Finolex Cables 23-Oct-07

Firstsource Sol 23-Oct-07

Gandhi Spl Tube 23-Oct-07

Garden Silk Mil 23-Oct-07

Gemini Comm 23-Oct-07

GlaxoSmithKline 23-Oct-07

Godrej Consumer 23-Oct-07

Greenply Ind 23-Oct-07

GSFC 23-Oct-07

Guj Alkali 23-Oct-07

Gujarat Apollo 23-Oct-07

Hind Oil Explor 23-Oct-07

Hind Rectifiers 23-Oct-07

IG Petro 23-Oct-07

India Infoline 23-Oct-07

Indiabulls 23-Oct-07

Jain Irrigation 23-Oct-07

JK Tyre & Ind 23-Oct-07

Lumax Auto 23-Oct-07

Madras Cements 23-Oct-07

Mangalam Cement 23-Oct-07

MIC Electronics 23-Oct-07

Micro Inks 23-Oct-07

Mindtree Cons 23-Oct-07

Mukta Arts 23-Oct-07

NALCO 23-Oct-07

NELCO 23-Oct-07

Novartis India 23-Oct-07

Oriental Hotels 23-Oct-07

Panacea Biotech 23-Oct-07

Pidilite Ind 23-Oct-07

Provogue 23-Oct-07

PTC India 23-Oct-07

Punj Tractors 23-Oct-07

Ramcoind 23-Oct-07

RPG Life Sci 23-Oct-07

Satyam 23-Oct-07

Seamec 23-Oct-07

Shree Cements 23-Oct-07

Shri Shakti LPG 23-Oct-07

Shringar Cinema 23-Oct-07

Subex Azure 23-Oct-07

Suzlon Energy 23-Oct-07

Transwarranty 23-Oct-07

Uflex 23-Oct-07

Wire & Wireless 23-Oct-07

Wockhardt 23-Oct-07

Zee Entertain 23-Oct-07

Result Updates

Hindustan Zinc Q2 net profit at Rs 1,148 cr

Hindustan Zinc has come out with second quarter numbers. It has posted net profit of Rs 1,148 crore for the quarter ended September 2007 as against Rs 1,298 crore in same quarter of previous year.
Net sales stood at Rs 1,984 crore and other income increased to Rs 144 crore from Rs 46 crore.

Strong disbursements growth fuel profitability of Dewan Hsg

Dewan Housing has declared its second quarter numbers. Its second quarter net profit stood at Rs 16.2 crore versus Rs 11.5 crore, QoQ.
It total income stood at Rs 125.4 crore versus Rs 76 crore.
Dewan Housing - Strong disbursements growth fuel profitability
NII up 57.6% to Rs 36.58 crore versus Rs 23.21 crore, driven by strong disbursments growth @ 12.37% yoy as well as decline in cost of funds which helped improve margins
Company targets disbursements growth @ 25-30% yoy for next 5 years driven by retail segment
Staff expenses went up by 62% yoy to Rs 4.13 crore, while other operating expenses rose 67.6% yoy to Rs 11.44 crore; which can be attributed to expansion in branch network
Disbursements/Sanctions ratio stood at 87.89% for Q2
PAT grew 41.3% yoy to Rs 16.16 crore versus Rs 11.43 crore, supported by strong topline and contained operating expenses
NPAs remain under check, @ 1.2% of total loans
Effective tax rate also increased slightly to 22% from 15% yoy
Declared interim dividend at Rs 1.50/sh (15%).


LIC Housing Finance: Results exceeds expectations:

LIC Housing Finance: Results exceeds expectations.
Stronger than expected disbursements growth with margin expansion led to above expected profit growth- NII grew 435 yoy to Rs 162.74 cr vs Rs 116.33cr driven by strong individual loan growth, which rose to Rs 183.4bn- NIMs expanded 56 bps to 3.24% vs 2.68% , surpassing our expected 2.5% margins, on the back of 134 bps expansion in yields to 10.3% from 8.96% following the wake of rate hikes by the company. Rise in yields was higher than 84 bps rise in cost of funds to 8.55%.- Asset quality remained strong despite high share of retail lending , Net NPAs at 1.65% and we expect it to decline to close to 1% by end FY08e- Loan-to-Value ratio stood at 53%, down from 58% , indiacting lower level of risk taken by the HFC- PAT grew 53% yoy to Rs 116.37cr vs Rs 75.93 cr, driven by strong core earnings and spurred on by provision write-back of Rs 13.62cr this qtr.

Eicher Motors Q2 net profit at Rs 16.7 cr

Eicher Motors has announced its second quarter numbers. It has reported net profit of Rs 16.7 crore and net sales of Rs 537 crore.

Sonata Software Q2 net profit at Rs 12cr

Sonata Software has declared its Q2 results. Its Q2 net profit stood at Rs 12 crore versus Rs 14 crore, QoQ.


PSL net rises 41.49% in Sep`07 qtr

PSL disclosed a good increase in net profit for the quarter ended September 2007. During the quarter, the company experienced a 41.49% rise in profit to Rs 191.30 million from Rs 135.20 million in the quarter ended September 2006.Net sales for the quarter rose 60.86% to Rs 4,964.50 million compared with Rs 3,086.20 million in the corresponding quarter, a year ago

Finolex Industries net rises 19.55% for Sep`07 qtr

Finolex Industries, the largest PVC pipe manufacturer in India, disclosed a steady rise in net profit for the quarter ended September 2007. During the quarter, the company experienced a 19.55% rise in profit to Rs 239.09 million from Rs 199.98 million in the quarter ended September 2006.Net sales for the quarter rose 66.64% to Rs 3,264.28 million compared with Rs 1,961.16 million in the corresponding quarter, a year ago. Total income rose 68.17% to Rs 3,449.93 million for the quarter ended September 2007 from Rs 2,051.36 million for the same period, last year

Ingersoll-Rand net rises 5.76% for Sep`07 qtr

Lumax Industries net rises 7.94% in Sep`07 qtr

Rolta India consolidated net up 44.21% in Sep`07 qtr

On consolidated basis, Rolta India, (Q, N,C,F)* a global market leader in providing specialized IT-based solutions to the geospatial and engineering sectors, posted 44.21% rise in net profit after minority interest to Rs 538.20 million for the quarter ended Sep. 30, 2007 as compared with Rs 373.20 million for the quarter ended Sep. 30, 2006. Total income increased 46.65% to Rs 2,306.60 million for the quarter ended Sep. 30, 2007 from Rs 1,572.80 million for the quarter ended Sep. 30, 2006.The company, on standalone basis, disclosed 53.34% rise in net profit to Rs 613.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 400.35 million for the same quarter, last year. Total income increased 52.34% to Rs 2,036.40 million for the quarter ended Sep. 30, 2007 from Rs 1,336.70 million for the same quarter, a year ago.
Net sales for the quarter grew 47.37% to Rs 1,933.50 million as compared with Rs 1,311.94 million in the corresponding quarter, last year.


Zensar Technologies net rises 2.55 times in Sep`07 qtr

DHFL net rises 41.34% in Sep`07 qtr

Gujarat Fluorochemicals Q2 net zooms 55.44%

HZL net drops 11.55% for Sep`07 qtr

HCL Infosystems consolidated net rises 7.54% in Sep`07 qtr

Inox Leisure net up 19.4% for Sep`07 qtr

Inox Leisure registered a 19.40% growth in net profit to Rs 83.10 million for the quarter ended September 2007 from a profit of Rs 69.60 million for the correponding quarter, last year.
Net sales rose 39.08% to Rs 541.70 million for the quarter ended September 2007 from Rs 389.50 million in the same quarter, a year ago.
Total income rose 45.20% to Rs 580.20 million for the quarter ended September 2007, from Rs 399.60 million for the quarter ended September 2006.

India Cements net jumps 90% in Q2 (update)

Southern cement major, India Cements (Q, N,C,F)* announced a 89.78% jump in net profit at Rs 2,226.50 million for the quarter ended September 2007 compared with Rs 1173.20 million for the quarter ended September 2006. Net Sales rose 72.41% to Rs 8,902.30 million in the quarter from Rs 5,163.50 million in the same quarter, a year ago.Total Income rose 73.26% to Rs 8,960.90 million for the quarter ended September 2007 where as the same was at Rs 5,171.80.00 million for the quarter ended September 2006.

IL&FS Investment Managers Q2 net climbs 60.78%

IL&FS Investment Managers announced a 60.78% jump in net profit at Rs 59.81 million for the quarter ended September 2007 compared with Rs 37.20 million for the corresponding quarter, last year.
Operating Income rose 53.17% to Rs 172.06 million in the quarter from Rs 114.29 million in the same quarter, a year ago


Shanthi Gears net up 52% in Sep`07 qtr

Shanthi Gears announced a 52.44% jump in net profit at Rs 105.03 million for the quarter ended September 2007, compared with Rs 68.90 million for the quarter ended September 2006.
Net Sales rose 26.16% to Rs 593.65 million in the quarter from Rs 470.55 million in the same quarter, a year ago.Total Income stood at Rs 595.59 million for the quarter ended September 2007, where as the same was at Rs 471.04 million for the quarter ended September 2006.

Zandu Pharmaceutical net up 8.50% for Sep`07 qtr

India Glycols Q2 net jumps 2.33 times

India`s biggest ethoxylate, glycol manufacturer, India Glycols (Q, N,C,F)* registered a phenomenal rise of 2.33 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 482.7 million, from Rs 206.9 million, in the same quarter of the previous year. Earnings per share for the quarter jumped 2.33 times to Rs 17.31 compared with the same quarter, a year ago

GNFC net rises 63% in Sep`07 qtr

Gujarat Narmada Valley Fertilizers (GNFC) announced a 63.06% jump in net profit of Rs 1,205.80 million for the quarter ended September 2007 where as the same was at Rs 739.50 million for the quarter ended September 2006. Net Sales rose 65.91% to Rs 11,411.80 million from Rs 6,878.30 million a year ago.

Emco Q2 net climbs 19.29%



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Economic Times Headlines

SEBI has enough replies on P-Notes curb
SEBI probing FII price manipulation in crash
SEBI to make FII registration public

CRISIL assigns 4/5 grading to Edelweiss Capital's IPO
Mundra Port, SEZ plans to raise Rs 1,500 cr via IPO
Maytas Infra fixes IPO issue at Rs 370
Religare sets IPO band, eyes up to $35 mn

Five richest lose further $2.75 bn despite halt in mkt plunge


Godrej Consumer July-Sept net seen up 38 pc
Dewan Housing July-Sept net at Rs 162 mn
Orient Paper July-Sept net Rs 583.2 mn
GTL Q2 net profit at Rs 45.43 cr

LIC Housing Finance net up 53 pc at Rs 116.37 cr
KS Oils July-Sept net at Rs 265.8 mn
Dish TV July-Sept net loss Rs 919.4 mn
India Cement Q2 net profit up 90%



Triveni in pact with GE for compressors
ONGC-Mittal Energy Ltd buys 30 pc in Turkmenistan block
Remsons to form JV with Orscheln Products LLC
JSW Steel to consider Southern Iron merger
Gulf investors raise $630 mn for Energy City in India
Ennore Foundries plans Rs 300 cr plant
Sri Lanka buys 300KB of gas oil from Reliance
Bombay Rayon plans JV to launch global brands in India

Investors can expect a bumpy ride this week
Technical Analysis Wrap
'Banking shares an attractive bet'


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