Religare IPO to open on Oct. 29

Religare IPO to open on Oct. 29

Religare Enterprises, a financial services company promoted by India`s biggest drugmaker Ranbaxy Laboratories, is set to knock the doors of the capital market with initial public offering (IPO) of 7,576102 equity shares of Rs 10 each for cash at a price to be decided through a 100% book building process. The issue will open on Oct. 29, 2007 and will close on Nov. 1, 2007. The price band has been fixed between Rs 160 to Rs 185 a share.

The issue has been graded by ICRA with an IPO Grade 3 on a 5 point scale. The equity shares of the company, offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Religare Enterprises entered into an investment agreement with Indopark Holdings, an indirect wholly owned subsidiary of Merrill Lynch, wherein it has agreed to issue and allot 3,788,050 equity shares representing a 5.56% ownership of the paid-up share capital of the company worth Rs 606.09 million.

Religare Enterprises is a holding company of 11 subsidiaries, which are engaged in a wide range of financial products and services targeted at the retail, high networth individuals and the corporate and institutional clients. Along with its various subsidiaries, it offers a wide range of services ranging from equities, commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services. It has divided its product and service offering under three broad client interface categories i.e. retail spectrum, wealth spectrum and institutional spectrum.

Religare Enterprises has a growing client base built on a well-recognised brand. As on Sep. 30, 2007, the company had six regional offices and 40 sub-regional offices across 392 cities and towns controlling 1,217 business locations (managed by it along with its business associates) all over India as well as a representative office in London.Religare Enterprises Limited (Q, N,C,F)*



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Results Calender from Indiaearnings.Com

Results Calender

ABB 25-Oct-07

Action Const 25-Oct-07

Alfa Laval 25-Oct-07

Alps Industries 25-Oct-07

Autoline Ind 25-Oct-07

Balaji Amines 25-Oct-07

Ballarpur Ind 25-Oct-07

BHEL 25-Oct-07

Bk Of Rajasthan 25-Oct-07

Cairn India 25-Oct-07

Century 25-Oct-07

Century Enka 25-Oct-07

Chambal Fert 25-Oct-07

Core Emballage 25-Oct-07

Cranes Software 25-Oct-07

Cummins 25-Oct-07

Datamatics Tech 25-Oct-07

DCM Financial 25-Oct-07

Decolight Ceram 25-Oct-07

DS Kulkarni 25-Oct-07

ECE Industries 25-Oct-07

Eimco Elecon 25-Oct-07

Elecon Eng 25-Oct-07

Euro Ceramics 25-Oct-07

Everest Ind 25-Oct-07

FAG Bearings 25-Oct-07

Federal Bank 25-Oct-07

Ganesh Forgings 25-Oct-07

Ganesh Housing 25-Oct-07

Gillette India 25-Oct-07

GlaxoSmithKline 25-Oct-07

Guj State Petro 25-Oct-07

Hitachi Home 25-Oct-07

HOV Services 25-Oct-07

Hyderabad Ind 25-Oct-07

ICDS 25-Oct-07

Idea Cellular 25-Oct-07

IL&FS Investsma 25-Oct-07

India Nippon 25-Oct-07

ING Vysya Bank 25-Oct-07

JK Paper 25-Oct-07

JSW Steel 25-Oct-07

Khandwala Se 25-Oct-07

Kothari Petro 25-Oct-07

Kothari Product 25-Oct-07

Kothari Sugars 25-Oct-07

Liberty Shoes 25-Oct-07

Lotte India 25-Oct-07

M&M Financial 25-Oct-07

Motherson Sumi 25-Oct-07

Munjal Showa 25-Oct-07

Nat Fert 25-Oct-07

Natco Pharma 25-Oct-07

Nicholas Pirama 25-Oct-07

NIIT 25-Oct-07

NIIT Tech 25-Oct-07

Nocil 25-Oct-07

Peninsula Land 25-Oct-07

Prime Focus 25-Oct-07

Punjab Chemical 25-Oct-07

Rane Brake 25-Oct-07

Rashtriya Chem 25-Oct-07

Ratnamani Metal 25-Oct-07

Redington 25-Oct-07

Rel Capital 25-Oct-07

Sagar Cement 25-Oct-07

Seshasayee Pape 25-Oct-07

Shrenuj and Co 25-Oct-07

Shriram TransFi 25-Oct-07

SRF 25-Oct-07

Sterling Tools 25-Oct-07

Sun Pharma 25-Oct-07

Tata Coffee 25-Oct-07

Tata Inv Corp 25-Oct-07

Tecil Chemicals 25-Oct-07

UTV Software 25-Oct-07

Vedant Hotels 25-Oct-07

Voltas 25-Oct-07

Wendt 25-Oct-07

Windsor 25-Oct-07

Zuari Inds 25-Oct-07


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Results: Dr. Reddys, Dabur, Lupin, UBI etc

Dr Reddys Q2 consolidated net falls 62.19%

Dr Reddys Laboratories (DRL), one of the largest drugmakers in India, registered a substantial fall 62.19% in consolidated net profit for the quarter ended September 2007. During the quarter, the company saw a rise in consolidated net profit to Rs 1,106 million from Rs 2,925 million in the same quarter of the previous year. The consolidated total income for the quarter dropped 33.09% to Rs 13,265.50 million compared with the corresponding quarter, a year ago.

Dabur India Q2 net up 23 pc at Rs 96 cr

MUMBAI: FMCG company Dabur India on Wednesday said it has posted a 22.81 per cent rise in net profit at Rs 96.59 crore for the second quarter ended September 30 as against Rs 78.65 crore for the corresponding period last year. The total income of the firm for the quarter under review increased to Rs 633.39 crore as compared to Rs 560.54 crore for the same quarter last year, the company informed in a filing to the Bombay Stock Exchange. The standalone profit of the company for the second quarter stood increased at Rs 85.81 crore, as against Rs 68.81 crore for the year-ago period.

Lupin Jul-Sep net profit climbs 103%

Lupin’s net profit climbed 103 per cent to Rs 118.08 crore for the quarter ended September 2007 compared with Rs 58.30 crore in the same quarter previous year.

Union Bank Q2 net profit jumps 42%

Union Bank of India’s July-September net profit rose 42 per cent to Rs 275.78 crore compared with Rs 194.16 crore in the same quarter previous year.

Vijaya Bank Jul-Sep net profit up 3%

Vijaya Bank’s July-September net profit rose 3 per cent to Rs 105.25 crore compared with Rs 102.33 crore in the same quarter previous year.

Sun TV Network’s Q2 net profit up 67%

Sun TV Network’s net profit rose 67 per cent to Rs 80.16 crore for July-September compared with Rs 47.96 crore in the same quarter of the previous year.

Pidilite Industries Q2 net profit up 69%

Wockhardt's consolidated net rises 46 pc in Q3

NALCO Q2 net dip 26.09 pc to Rs 439.73 cr

Punjab Tractors Q2 net profit down 46%


PTC net up 32.55% in Sep`07 qtr

Gujarat Gas consolidated net rises 82.77 % in Sep `07 qtr

Hotel Leela net up 81.86% in Sep`07 qtr

Cipla net rises 5.73% for Sep `07 qtr

Opto Circuits net up 56.65% in Sep`07 qtr

Marico net up 42.73% for Sep`07 qtr

JK Lakshmi Cement net rises 3.14 times in Sep `07 qtr

Dishman Pharma net up 9% in Sep`07 qtr

Areva T & D India net up 33.37% for Sep` 07 qtr

Mahindra Ugine net down 46% for Q2

Sakthi Sugars swings to loss in Q2

Blue Star net up 2.89 times in Sep`07 qtr

Bank of Maharashtra Q2 net up 48%

DCW net rises 2.05 times in Sep`07 qtr

Tele Data net rises 20.5% in Q2

Castrol Q3 net accelerates 60%

Deepak Fertiliser net rises 39% for Sep`07 qtr

Panacea Biotec net down 31.06% in Sep`07 qtr

Greenply Ind. net soars 2.35 times for Sep`07 qtr

MIC Electronics net drops 45.57% for Sep`07 qtr

TVS Motor net drops 51.99% in Sep` 07 qtr

Hindustan Motors Q2 net profit at Rs 28 lakh

GIC Housing Q2 net profit at Rs 15.5 crore

Anant Raj Q2 net profit at Rs 22.5 crore

Sadbhav Engg Q2 net profit at Rs 5.5 cr

MRO TEK Q2 net profit Rs 4.4 cr

Ashok Leyland Q2 net profit at Rs 80.34 cr



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Sensex ends with a marginal gain of 20 pts

Sensex ends with a marginal gain of 20 pts
Wednesday, 24 October , 2007, 16:25

SENSEX 18512.91 20.07
NIFTY 5496.15 22.45

It was a splendid start for the benchmark indices Sensex and the Nifty this morning as strong global markets triggered a rally in blue chip stocks. Short-covering in the derivatives segment also aided the surge. However, as the session progressed, movements turned highly volatile as participants chose to stay cautious and refrained from building up positions at higher levels. A reversal in trend on the Asian bourses also dampened the mood to an extent.

The Sensex, which opened with a positive gap of around 235 points at 18,727.90, hit a high of 18,832.49 in early trade, but soon plunged to 18,317.17 following a severe bout of selling pressure. After moving in a listless way thereafter, it finally ended the day with a small gain of 20.07 points or 0.11% at 18,512.91.

The Nifty, which touched a high of 5577.90 in morning trade, ended at 5496.15, well off its intra-day low of 5419.40 and recorded a gain of 0.41% or 22.45 points.

Capital goods, metal and realty stocks were in demand. Bank stocks, which moved up sharply in intra-day trades, shed some gains during the closing minutes of the session. Consumer durables stocks did fairly well. Auto and information technology, with a few exceptions, remained quite subdued. Oil, pharma and FMCG stocks turned in a lacklustre display.

Even as several large cap stocks found the going tough despite a bright start, a number of stocks from midcap and smallcap segments held firm almost till the end thanks to sustained buying support.
Reliance Energy attracted strong buying and ended with a handsome gain of 8.6%. State Bank of India moved up by 5.25% to Rs 1908. Tata Steel, Hindalco, HDFC Bank and Larsen & Toubro gained 2% - 2.25%.

NTPC (1.85%), Cipla (1.75%), Maruti Udyog (1.45%), ACC (1.25%) and Ranbaxy Laboratories (0.85%) also ended on a firm note. Reliance Industries closed with a modest gain at Rs 2609.50. Hindustan Unilever ended with a slender gain.
ONGC slipped by 3.15% to Rs 1107.90 on heavy selling at the counter. Tata Motors closed with a loss of 2.7% at Rs 774.65. IT bellwether Infosys Technologies ended lower by a little over 2% at Rs 1844.50.

Further, See: Sensex ends with a marginal gain of 20 pts


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Day's Quote/Corporate Story

Quote of the Day

" It is not only "the slow but steady wins the race", but the slow, steady, and staying on course wins the race."


Corporate/Personality of the Day

Lakshmi Narayanan

Lakshmi Narayanan is the vice chairman and ex-CEO of Cognizant Technology Solutions (CTS) . He was the CEO and president of Cognizant till 2006. [1]

Lakshmi Narayanan, CEO of Cognizant Technology Solutions
Lakshmi has played a leading role in the global information technology industry for more than 25 years, managing divisions and business units in Europe, India and the United States. Since joining Cognizant Technologies in 1994, he has been instrumental in formulating the company’s strategy and building and managing the organization’s development centers in India, where he is based. A member of Cognizant’s Board of Directors, Lakshmi spends time traveling extensively in the U.S. and Europe to meet clients.

Further, visit: http://en.wikipedia.org/wiki/Lakshmi_Narayanan



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VC, PE Updates

Suzlon To Raise $1.27-Billion From Domestic And Overseas Markets

Bahrain’s Gulf Finance House Raises $630M For Energy City India

Motilal Oswal Venture Capital Invests Rs 31 Crore In RT Outsourcing

IFMR Trust Plans Two Funds Of $140M To Support Rural Enterprises, MFIs

Agencyfaqs Nets Second Round Investment From Seedfund

Kotak Buys 10% In Sunteck; Ishaan Invests $272.5M In K Raheja Projects

Global Infrastructure Partners, Zeus Form JV To Buy 74% In East India Petroleum

GVFL Invests $1 Million In Sahajanand Laser Technology

The Pitfalls Of Investing In India And How To Avoid Them: Evalueserve Report

Kerala Ayurveda Ltd subsidiary acquires 51% stake in CMS-Katra Nursing LLC

Satyam to acquire 100% stake in Nitor Global Solutions

IDFC buys 48.4% in SMS Shivnath Infrastructure Limited

Sequoia Capital to invest US$ 500-600 mn. in India

Fishman sells 10% of Indian real estate co to Migdal for $60m

Deutsche likely to infuse $125 mn into Golden Gate

PE investments in pharma touch $400 m



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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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