26 October 2007

Results On 27th October 2007

Results Calender from Indiaearnings.Com


Abhishek Mills 27-Oct-07

Andhra Sugar 27-Oct-07

Arvind Mills 27-Oct-07

Ashima 27-Oct-07

Banaras Beads 27-Oct-07

Bharat Gears 27-Oct-07

Broadcast 27-Oct-07

Cheslind Textil 27-Oct-07

Corporation Ban 27-Oct-07

Cybertech 27-Oct-07

Deepak Nitrite 27-Oct-07

Dena Bank 27-Oct-07

Dhanus Tech 27-Oct-07

Divis Labs 27-Oct-07

FDC 27-Oct-07

Fedders Llyod 27-Oct-07

Godfrey Phillip 27-Oct-07

Gokaldas Export 27-Oct-07

Granules India 27-Oct-07

Grasim 27-Oct-07

Hind Sanitary 27-Oct-07

IndusInd Bank 27-Oct-07

Jayaswals Neco 27-Oct-07

Jindal Saw 27-Oct-07

Jindal Steel 27-Oct-07

JK Bank 27-Oct-07

Kamat Hotels 27-Oct-07

Kansai Nerolac 27-Oct-07

KPR Mill 27-Oct-07

KRBL 27-Oct-07

Lloyd Electric 27-Oct-07

Magnum Ventures 27-Oct-07

Mahindra Gesco 27-Oct-07

MarathonNextgen 27-Oct-07

Mayur Leather 27-Oct-07

Mirza Intl 27-Oct-07

Nava Bharat Ven 27-Oct-07

Nile 27-Oct-07

Nitin Spinners 27-Oct-07

Novopan 27-Oct-07

NTPC 27-Oct-07

PNB Gilts 27-Oct-07

Precision Wires 27-Oct-07

Quintegra Solut 27-Oct-07

Rain Calcining 27-Oct-07

Rico Auto 27-Oct-07

S A Petrochem 27-Oct-07

Sandesh 27-Oct-07

Sanguine Media 27-Oct-07

SBI 27-Oct-07

Shipping Corp 27-Oct-07

Shoppers Stop 27-Oct-07

Shreyans Ind 27-Oct-07

Sirpur Paper 27-Oct-07

Sri Adhikari 27-Oct-07

Steel Exchange 27-Oct-07

Sun Pharma Adv 27-Oct-07

Tamil Newsprint 27-Oct-07

Thermax 27-Oct-07

Vardhman Hold 27-Oct-07

West Coast Pape 27-Oct-07

Wyeth 27-Oct-07

Zyden Gentec 27-Oct-07


Results Calendar from Myiris.Com


CAL SOFT

CORPORATION BK

DENA BANK

DIVIS LAB

GOKALDAS EXP


GRASIM IND

INDBANK MERCH

INDUSIND BK


J&K BANK

JINDAL SAW

JINDAL STEEL

K G DENIM

KALYANI FORGE

KAMAT HOTELS

KANSAI NERO

KOVAI MEDICAL

KPR MILL

MAHIND GESCO


MASCON GLOBAL

NAV BHAR VEN

NITINSPINNER

NTPC LTD

P N B GILTS

QUINTEGRA SOLU

RAIN CALCINING


S B I

SAINT-GOBAIN

SHIPPING CORP

SHOPPER STOP

SKM ENGG

SPICE MOBIL

T N NEWSPRINT

THERMAX

Results: Tata Steel, Larsen Toubro, ITC, Kotak Bk etc

Tata Steel Q2 net up 8% at Rs 1,190.83 cr

World's sixth largest steelmaker, Tata Steel Ltd on Friday posted 8.11 per cent rise in net profit at Rs 1,190.83 crore for the quarter ended September 30 as compared to Rs 1,101.49 crore in the corresponding quarter last year. Total income jumped 11.41 per cent to Rs 4,879.41 crore for the second quarter ended September 30 from Rs 4379.51 crore in the year-ago period, a company release said. For the first half of the current fiscal, the company reported a net profit of Rs 2,412.94 crore against Rs 2,054.90 crore in the same period in 2006-07.

Total income stood at Rs 9,223.11 crore for the six month period ended September 30 against Rs 8,356.89 crore in the comparable period last year. Earnings per share of the company stood at Rs 19.55 for the quarter ended September 30 as against Rs 19.15 in the same period last year. The company's steel production has grown to Rs 12.79 lakh tonnes in the quarter ended September 30 as against 12.57 lakh tonnes in the year-ago period. Besides, steel sales grew to 12.18 lakh tonnes in the reviewed quarter from 11.83 lakh tonnes in the same period last year, it said. Tata Steel also posted an export turnover of Rs 597.21 crore in the July-September period this year while it was Rs 545.95 crore in the same period of 2006-07.

Larsen & Toubro Q2 net profit jumps, shares rise 11 pc

Larsen & Toubro Ltd, India's largest engineering and construction firm, said on Friday quarterly profit rose by more than a third as it won more orders, sending its shares up nearly 11 percent. Larsen, whose heavy engineering and construction activities account about 75 percent of its total revenue, has been riding a boom in Indian infrastructure.

"With a healthy order book, the company is confident of sustaining the growth momentum, both in terms of revenue and profitability in the near to medium term," the company said in a statement. The company said it had an order backlog of 44O billion rupees ($11 billion) at the end of September, the company's chief financial officer Y.M. Deosthalee told reporters. Shares in Larsen raced to an all-time high of 3,835 rupees after the results and by 0713 GMT they were 10.3 percent higher at 3,811.25.

ITC Q2 net profit rises 13.42%

ITC’s net profit increase 13.42 per cent to Rs 770.87 crore for the quarter ended September 2007 compared to Rs 679.60 crore in the same quarter last year. Total income increased 18.20 per cent to Rs 3,481.63 crore from Rs 2,945.36 crore.


HDIL July-Sept net profit 2.29 bn rupees

Real estate firm Housing Development & Infrastructure Ltd has reported a net profit of 2.29 billion rupees for the July-September quarter, on net sales of 4.65 billion rupees.

Kotak Mahindra Bank Q2 net up over two-fold at Rs 241.45 cr

sector lender Kotak Mahindra Bank on Friday posted a more than a two-fold increase in net profit at Rs 241.45 crore for the quarter ended September 30, compared to Rs 93.90 crore for the same quarter last fiscal. The company's total income increased to Rs 1,811.78 crore for the second quarter ended September 30, against Rs 903.49 crore for the corresponding quarter in the year-ago period, Kotak Mahindra Bank said in a communique to the Bombay Stock Exchange. The standalone profit of the bank stood at Rs 75.38 crore for the September quarter, compared to Rs 34.80 crore for the same quarter in the previous fiscal.

Jindal Stainless July-September net down 57 pct

In its unaudited results for the quarter ended September 30, 2007, Jindal Stainless posted a net profit after tax of Rs 418.10 million for the quarter ended September 30, 2007 as compared to Rs 970.50 million for the quarter ended September 30, 2006

Andhra Bank Q2 net profit up 3.26%

Andhra Bank's net profit rose 3.26 per cent to Rs 151.21 crore in the quarter ended September 2007 compared to Rs 146.43 crore same quarter previous year.


Idea Cellular Q2 net profit doubles YoY

Federal Bank Q2 net profit up 37.24%

Deccan Chronicle July-Sept net at 826 mn rupees

JK Paper Q2 net up 13.6 pc

IL&FS Investsmart`s net declines 70.44% for Sep `07 qtr



Colgate-Palmolive Q2 earnings jump 2.36 times

Winro Commercial`s net up 31.90% for Sep `07 qtr

Tulip IT Services Q2 earnings climb 30.29%

Leading data communication services provider, Tulip IT (Q, N,C,F)* Services registered a substantial rise of 30.29% in net profit for the quarter ended September 2007, helped by 439 basis points rise in operating margin coupled with healthy revenue growth. During the quarter, the company saw a rise in net profit to Rs 370.84 million from Rs 202.48 million in the same quarter of the previous year. The company posted earnings per share of Rs 10.79 in this quarter.

OCL India net jumps 83.30% for Sep`07 qtr

Idea Cellular net rises 14% in Sep`07 qtr

Asahi India Q2 consolidated net falls 71.47%

Elecon Engineering Q2 net up 5.90%

Tata Steel net rises 8.11% for Sep `07 qtr

Cadila Healthcare Q2 consolidated net climbs 13.62%

ICSA net up 92.82% in Sep`07 qtr

ICSA (India) on standalone basis registered a stupendous 92.82% growth in net profit to Rs 288.80 million for the quarter ended September 2007 as compared with Rs 149.77 million for the corresponding quarter, last year.Net sales for the quarter rose 95% to Rs 1,462.31 million as compared with Rs 749.89 million for the same quarter, a year ago.

Syndicate Bank net up 10.97% in Sep`07 qtr

Micro Tech net up 60.75% for Sep `07 qtr

Bharat Forge net up 8.95% in Sep`07 qtr
Bharat Forge registered 8.95% growth in net profit to Rs 677.48 million for the quarter ended Sep. 30, 2007, from Rs 621.84 million in the corresponding quarter, last fiscal.
Net sales rose to Rs 5,632.24 million in the quarter ended Sep. 30, 2007, as against Rs 4,506.85 million in the same period last year, recording a growth of 24.97%.

BEL net dips 17.16% for Sep`07 qtr

Dabur Pharma Q2 net up 22%

Bata India net up 56.30% in Sep`07 qtr

Jindal Stainless net declines 56.91% in Sep`07 qtr


Dredging Corp Q2 net flat at Rs 358.60 mn

Prime Focus Q2 net up 58.44%

HCC net rises 2.78 times for Sep`07 qtr

Apollo Tyres net up 2.63 times in Sep`07 qtr

Apollo Tyres registered a stupendous 2.63 times growth in net profit to Rs 511.04 million for the quarter ended September 2007, as compared with Rs 193.70 million for the corresponding quarter, last fiscal.The rise in net profit can be mainly attributed to increase in other income and operating profit. Other income and operating profit surged 20.51 times and 86.23% respectively.Net sales for the quarter rose 10.03% to Rs 8,443.11 million, as compared with Rs 7,673.30 million for the same quarter, a year ago.

Bhagyanagar India profit climbs 46.48% for Sep`07

Bhagyanagar India registered 46.48% growth in net profit to Rs 101.47 million for the quarter ended Sep. 30, 2007 from Rs 69.27 million in the corresponding quarter, last fiscal

Gulf Oil Corporation net up 45.13% for Sep`07 qtr

Gulf Oil Corporation registered a 45.13% growth in net profit to Rs 52.09 million for the quarter ended September 2007 as compared with Rs 35.89 million for the corresponding quarter, last fiscal

Educomp Solutions net jumps 2.6 times in Q2

Educomp Solutions reported a 2.6 times jump in net profit at Rs 136.16 million for the second quarter ended September 2007, compared with Rs 50.63 million for the same quarter, last year. Net sales rose 2.27 times to Rs 449.42 million in the quarter, from Rs 197.13 million in the same quarter, a year ago.

Zuari Industries Q2 net up 6%

Action Construction net doubles in Sep`07 qtr

NMDC net up 22.4% for Sep`07 qtr

i-flex (consolidated) net down 6.5% in Q2

Deccan Chronicle net up 28.44% for Sep`07 qtr

Tata Coffee net dips 10.7% in Q2

DS Kulkarni net up 83% in Q2

Federal Bank net up 37.24% in Sep`07 qtr

Kerala-based Federal Bank (Q, N,C,F)* registered 37.24% rise in net profit to Rs 953.30 million for the quarter ended September 2007, from Rs 694.60 million in the quarter ended September 2006. Interest earned for the quarter rose 37.91% to Rs 5,981.50 million from Rs 4,337.10 million for the quarter ended September 2006.
Total income also rose 33.32%, to Rs 6,750.60 million for the quarter compared with Rs 5,063.20 million in the same quarter, last year.

Punjab Chemicals net doubles to Rs 45.3 mn for Sep`07 qtr

M&M Financial Services Q2 net rises 24.40%

Gujarat State Petronet net down 27.28% for Sep`07 qtr

Ratnamani Metals & Tubes net up 59.89% for Sep`07 qtr

Cummins India Q2 net up 6%

Kalpana Industries profit up 91.33% for Sep`07 qtr

Century Enka Q2 net climbs 24.48%

ING Vysya Bank net rises 11.08% in Sep`07 qtr

Sun Pharmaceutical net up 21.68% for Sep`07 qtr

TRF net up 4.09 times for H1FY08

Peninsula Land net falls 56.12% for Sep`07 qtr

National Fertilizers net rises 56.71% for Sep`07 qtr




HT Media Q2 net profit stood at Rs 32 cr

HT Media has declared its Q2 results. Its Q2 net profit stood at Rs 32 crore versus Rs 27 crore.




Atul Q2 net profit up at Rs 16 cr


JK Cement Q2FY08 net profit up at Rs 73 crore

JK Cement has declared its second quarter results. Its Q2FY08 net profit was up at Rs 73 crore from Rs 34 crore. ]

Pratibha Inds Q2 net prodit up at Rs 6.7 cr
Pratibha Industries has announced its Q2 FY08 result. The company in Q2 has reported net profit of Rs 6.7 crore versus Rs 3.7 crore, YoY basis.

Emkay Q2 net profit up at Rs 6.5 cr
Emkay in Q2 FY08 has reported net profit of Rs 6.5 crore versus Rs 2.2 crore on YoY basis.

NOCIL Q2 net profit down at Rs 1.4 cr



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Sensex races to a new high, ends 472 pts up


NIFTY 5702.30 133.35
SENSEX 19243.17 472.28

The market regulator SEBI went ahead and approved all draft proposals at its board meeting on Thursday. But then, the bulls remained undeterred by the move to tighten investment rules for unregistered foreign entities. Instead, the smooth rollover of derivatives contracts, a good set of results from India Inc and firm global markets prompted them to go on a buying spree today.
Save for a brief while in morning trade, when it slipped and fell to 18,629.53, losing around 140 points, the Sensex stayed high up in the positive territory right till the end of the session. The splendid rally in blue chip stocks lifted it to a new high of 19,276.45 in afternoon trade and despite finishing a few points down from that level at 19,243.17, the barometer recorded a sparkling gain of 472.28 points or 2.52% today.

The National Stock Exchange's CNX Nifty index, which hit a high of 5716.90 - it fell short of its all-time high of 5736.80 - in intra-day trades, settled at 5702.30, netting a big gain of 2.39% or 133.35 points for the day.

Bharti Airtel (down 2.55%), Hindustan Unilever (down 1.3%), Ambuja Cements (down 1.2%), ITC (down 1.1%), Ranbaxy Laboratories (down 1.05%), Cipla (down 0.9%) and Dr. Reddy's Laboratories (down 0.4%) ended on a weak note.

Larsen & Toubro, with strong quarterly results and a fat order book buoying it up, vaulted by 12.2% to Rs 3876.80 today. BHEL closed with a handsome gain of 6.25%.

State Bank of India turned in an impressive performance and notched up a smart gain of 7.2%. ICICI Bank finished with a gain of 3.35%. Mahindra & Mahindra (3.8%), ONGC (3.8%), Satyam Computer Services (3.2%), NTPC (2.55%), Reliance Industries (2.45%), Tata Motors (2.2%), Maruti Udyog (1.95%), Reliance Communications (1.9%), Tata Consultancy Services (1.9%), Grasim Industries (1.8%), ACC (1.75%), HDFC (1.65%) and Reliance Energy (1.25%) also ended with strong gains.

Bajaj Auto, HDFC Bank, Hindalco, Infosys Technologies and Wipro finished with modest gains. Tata Steel closed marginally higher than its previous closing price.

Nalco, Reliance Petroleum, SAIL, GAIL India, Sterlite Industries, Sun Pharmaceuticals, VSNL, Unitech, Hindustan Petroleum Corporation, Tata Power, Suzlon Energy and Zee Entertainment closed on a high note. Siemens and MTNL also finished with smart gains.

Engineers India hit the 20% upper circuit today. Dredging Corporation (17.75%), HMT (15.8%), IndusInd Bank (14%), Jaiprakash Associates (12.95%) and Container Corporation (11.85%) closed with hefty gains.

Ashok Leyland, Finolex Cables, GE Shipping, Bharat Earth Movers and Crompton Greaves gained 7% - 10%. Bharat Forge, Nicholas Piramal, Power Finance Corporation, Adani Enterprises, Axis Bank and Jindal Steel also closed with handsome gains.

Lakshmi Machine Works, Gujarat NRE Coke, India Infoline, Everest Kanto Cylinder, Gujarat Alkalies, Time Techno, Gitanjali Gems, Simplex Infrastructure, Bilcare, Cranes Software, Tube Investments, Redington India and Nagarjuna Constructions were among the big gainers in the midcap index.

Among small caps, Disa India, Nesco, Electrosteel Castings, OCL India, Marg Constructions, GE Capital, Ratnamani Metals, TIL, Atul, ITD Cementation, Parry Agro, India Hume Pipe, Zandu Pharma, Hercules Hoist, Info Media, Nirlon, Tata Sponge, ITI and Viceroy Hotels were among the leading gainers today.

Among the sectoral indices, barring the FMCG index, which eased by 0.28%, the other indices ended on the positive side. The Capital Goods index, the biggest gainer, moved up by over 7%. Mirroring investor interest for stocks from midcap and smallcap segments, the BSE Midcap and Smallcap indices ended stronger by 2.19% and 1.96% respectively.

The market breadth, thanks to an extremely bullish mood, remained strong right through the session today. The volume of business was fairly good today.

Sensex ends 472 pts up

Inflation rate remains steady at 3.07%



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Day's Quote/Corporate Story

Quote of the Day

" By being active, we are doubling our efficiency. By being inactive, we are hiding our efficiency. But remember, we have efficiency (only hiding it)."


Corporate/Personality of the Day

ICICI Bank

ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 79 Billion (end-Mar 2007), a network of over 950 branches and offices, about 3600 ATMs, and 24 million customers(as of end July '07). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank's equity shares are listed in India on stock exchanges at Kolkata and Vadodara, the Stock Exchange, Mumbai and the National Stock Exchange of India Limited and its ADRs are listed on the New York Stock Exchange (NYSE).

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


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25 October 2007

Venture Funds, Private Equity Updates

From VCCircle.Com

Ambit Wants A Global Partner Who Is Willing To Take A Minority Stake

Adani Group Strikes Two PE Deals Worth $347 Million

Draper Fisher Jurvetson Invests In Out-of-Home TV Company LiveMedia

Apollo Health Street Plans IPO To Retire Debt For Zavata Acquisition

Wockhardt Acquires Morton Grove Pharma In US For $38 Million

Microsoft Beats Google For A Minority Stake In Facebook; Buys 1.6% Stake For $240 Million, Valuing It At $15 Billion

Draper Fisher Jurvetson Closes $290 Million Growth Fund

Shapoorji Pallonji In Talks With PE Firms To Sell Stake In SEZ Projects

Goldman Sachs Probably Interested In Sabeer Bhatia’s Nano City Project

Erasmic Fund Invests In Custom Gifts And Merchandise Firm Myntra Designs

Asit Kotecha Backs Top-end French Salon JCB’s India Franchisee

Subhkam Ventures Invests $8.5 Million In MSK Projects

Kuwait’s Global Investment House Invests $5 Million In Reach Cargo

3i Picks Up 6.6% Stake In Welspun Gujarat For $80 Million



From Indiape.com

3i invests Rs9bn in Adani Power

Extramarks to raise $5mn from VCs

GVFL invests in Sahajanand Laser Technology

Myntra secures seed funding from Erasmic Venture Fund

15 firms in race to buy stake in UTI AMC

India to launch its seed fund

BP may buy Cairn Energy Plc

PE firm GIP buys 74 pc stake in East India Petroleum

Deepak Roy picks up 5% in BDA

Hot Sectors for PE Investment in India

‘Venture capital, PE deals to touch Rs 70,000 cr by 2009’

RBI for ban on automatic FDI in realty

Shapoorji Pallonji eyes PE investments



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

Financial Jobs alerts from Coolavenues, Kpowave

Careers in HSBC Investments
For application please mail your resume to the adress given below with the subject of the e-mail address being investments for finance and analyst related jobs:HumanResources_ISIN@hsbc.co.in


SBI Capital Markets Ltd

Job Openings in Web Spiders



General Management / Consulting Positions

Sr. Research Analyst : NCB Capital (NCBC) http://www.coolavenues.com/jobs/1007_0_3335.php

Station Head : Big 92.7 FM http://www.coolavenues.com/jobs/1007_1_1296.php

Executive Assistant (Manager) : Wipro Technologies http://www.coolavenues.com/jobs/1007_1_1314.php

Consultant / Analyst / Manager - Analytics Development & Management : A Leading Global Management Consulting Companyhttp://www.coolavenues.com/jobs/1007_1_1302.php

Asst. Manager / Manager / Sr. Manager : A Leading Consulting MNC http://www.coolavenues.com/jobs/1007_1_1303.php


Finance / Banking Positions

Executive Assistant (Manager) : Wipro Technologies http://www.coolavenues.com/jobs/1007_1_1314.php

Consultant - Finance & Performance Management - Enterprise Performance Management : World's Leading Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1315.php

Following 8 positions are available in World's Leading Management Consulting & Technology Firm: -Manager - Finance & Performance Management - Enterprise Performance Management - http://www.coolavenues.com/jobs/1007_1_1316.php

Consultant - Finance & Performance Management - Finance Operations - http://www.coolavenues.com/jobs/1007_1_1317.php

Manager - Insurance - Marketing & Sales - http://www.coolavenues.com/jobs/1007_1_1318.php

Manager - Insurance Claims - http://www.coolavenues.com /jobs/1007_1_1319.php

Consultant - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1320.php

Manager - Insurance - Process Consulting - http://www.coolavenues.com/jobs/1007_1_1321.php

Consultant - Insurance - Process Consulting / Re-engineering - http://www.coolavenues.com/jobs/1007_1_1322.php

Manager - Life Insurance - http://www.coolavenues.com/jobs/1007_1_1323.php

Domain Specialist - Banking : Wipro Infotech - Strategic Sales Division http://www.coolavenues.com/jobs/1007_1_1326.php

Strategic Account Manager - Banking Domain : Wipro Infotech - Strategic Sales Division http://www.coolavenues.com/jobs/1007_1_1327.php

Manager - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1328.php

Consultant - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com /jobs/1007_1_1329.php

US GAAP Account/Audit Managers : A US MNC Consulting Firm http://www.coolavenues.com/jobs/1007_1_1330.php


Operations Management

Analyst / Consultant - Supply Chain Management - Fulfillment : A Leading Company in Consulting Domain http://www.coolavenues.com/jobs/1007_1_1274.php

Manager - Insurance - Process Consulting : World's Leading Management Consulting & Technology Firm http://www.coolavenues.com/jobs/1007_1_1321.php

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Domain Specialist - Banking : Wipro Infotech - Strategic Sales Division http://www.coolavenues.com/jobs/1007_1_1326.php




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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



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SEBIs New Policy on P Notes

Sebi announces new P-Note policy

M Damodaran, Chairman, Sebi, while announcing the decision on the new policy on P-notes said that this was not a board meeting to decide on a single issue.

Speaking to mediapersons after the Sebi board meet today, he said the stock exchanges would be mandated to constitute a committee chaired by a non-executive member of a concerned exchange to focus on surveillance. This, he feels, would make the market a safer place for investors.

The meet also saw new policy announcements like clearing of Sebi's proposal to have an SME exchange.

But the most awaited decision on P-notes was that the board has decided that FIIs and sub-accounts shall not issue P-Notes as underlying as derivatives.

"All current position to be wound up within 18 months. Further issue of PNs by sub-accounts will be discontinued with immediate effect," Damodaran said.

Highlights of M Damodaran's announcements at the Sebi Press Conference:

Sebi board cleared proposal to have a separate exchange for SME Segment
Date of calculation of AUC will be Sept 30
Sub accounts not to be allowed to issue PNs
PNs can't be issued with ODIs as underlying
FIIs shall not issue P-notes as underlying as derivatives has been approved
Current position to be wound up within 18 months
Board has decided further issuance of P-notes by sub accounts of FIIs to be discontinued with immediate effect
Sub accounts issuing P-notes have applied for registration of FIIs: Sebi
Until a final decision is taken on their being FIIs, sub accounts can continue as normal
Both proprietary and corporate sub-accounts will be allowed to do business till final decision is announced.

Further, View: Sebi announces new P-Note policy

Sub-accounts cannot issue P-notes: SEBI

Mkts have factored in Sebi news: Experts

Positives and negatives of new P-note policy

The new P-note policy was announced by Sebi Chairman M Damodaran, at the Sebi headquarters today. The following were the positive and negative points that emerged:

NEGATIVES:

Date of calculation of AUC to be Sep 30

PNs can be issued only to regulated entities and not registered entities as per FII rules of 2004

POSITIVES:
Both proprietary, corp sub A/Cs can continue till final decision

Broad based entities with atleast 20 investors, no single investor can hold more than 49% (vs10% before)

Fund manager should have 1-yr track record, not the fund

Pension funds, charities, endowments to be considered separate category


SEBI has the last word on P-Notes




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Result on Friday

Results Calender from Indiaearnings.com. Some results might have been announced earlier.

Ador Welding 26-Oct-07

Advanta 26-Oct-07

ALLSEC Tech 26-Oct-07

Andhra Bank 26-Oct-07

Apollo Tyres 26-Oct-07

Asahi India 26-Oct-07

AstraZeneca 26-Oct-07

Atlanta 26-Oct-07

Atul 26-Oct-07

Avaya GlobalCon 26-Oct-07

Banco Products 26-Oct-07

Bata India 26-Oct-07

BEML 26-Oct-07

Bhagyanagar Ind 26-Oct-07

Bharat Bijlee 26-Oct-07

Bharat Elec 26-Oct-07

Bharat Forge 26-Oct-07

Blue Chip 26-Oct-07

Bombay Burmah 26-Oct-07

Cadila Health 26-Oct-07

Carborundum 26-Oct-07

Celestial Labs 26-Oct-07

City Union Bank 26-Oct-07

Clutch Auto 26-Oct-07

Colgate 26-Oct-07

CRISIL 26-Oct-07

D-Link (India) 26-Oct-07

Dabur Pharma 26-Oct-07

Dalmia Cement 26-Oct-07

De Nora India 26-Oct-07

Deccan Cements 26-Oct-07

DeccanChronicle 26-Oct-07

Dredging Cor 26-Oct-07

Educomp Sol 26-Oct-07

Emkay Shares 26-Oct-07

Excel 26-Oct-07

Gabriel India 26-Oct-07

Godrej Ind 26-Oct-07

GVK Power 26-Oct-07

HDIL 26-Oct-07

Hind Constr 26-Oct-07

HT Media 26-Oct-07

I-Flex Solution 26-Oct-07

ICI India 26-Oct-07

ICSA 26-Oct-07

Indian Hotels 26-Oct-07

ITC 26-Oct-07

JBM Auto Comp 26-Oct-07

JindalStainless 26-Oct-07

JK Cement 26-Oct-07

JSW Holdings 26-Oct-07

Jyoti Structure 26-Oct-07

Kakatiya Cement 26-Oct-07

Kale Consult 26-Oct-07

Kanoria Chem 26-Oct-07

Kotak Mahindra 26-Oct-07

La Opala RG 26-Oct-07

Lakshmi Prec 26-Oct-07

Lanco Infratech 26-Oct-07

Larsen 26-Oct-07

Mahindra Forg 26-Oct-07

Micro Tech 26-Oct-07

Modern Dairies 26-Oct-07

Moser Baer 26-Oct-07

Nagarjuna Fert 26-Oct-07

Oil Country 26-Oct-07

Onward Tech 26-Oct-07

Orient Ceramics 26-Oct-07

Oriental Bank 26-Oct-07

Pantaloon Ret 26-Oct-07

Paper Products 26-Oct-07

Phoenix Lamps 26-Oct-07

Piramyd Retail 26-Oct-07

Ponni Sugars(E) 26-Oct-07

Premier Polyfil 26-Oct-07

Pudumjee Agro 26-Oct-07

Pudumjee Pulp 26-Oct-07

Raymond 26-Oct-07

Rohit Ferro Tec 26-Oct-07

SPIC 26-Oct-07

Surana Telecom 26-Oct-07

Suryachakra Pow 26-Oct-07

Syndicate Bank 26-Oct-07

Tamilnadu Petro 26-Oct-07

Tata Steel 26-Oct-07

Texmaco 26-Oct-07

Thomas Cook 26-Oct-07

TV TodayNetwork 26-Oct-07

Valecha Engg 26-Oct-07

Vimta Labs 26-Oct-07



Result Calendar from Myiris.Com


ACCEL TRANS

ADOR WELD

ADVANTA

ALLSEC TECH

ANKIT METAL

APOLLO TYRE

ASAHI IND GLASS


ATLANTA



BATA INDIA

BEML LTD

BHARAT BIJLE

BHARAT FORGE

CADILA HEALTH

CARBORUNDUM

CELEST LABS

CITY UNION BK

CLUTCH AUTO

COLGATE

CRISIL

D LINK INDIA

DABUR PHARMA

DREDGING CORP

EDUCOMP SOLN

EMKAY SHARE



GODREJ INDUS LTD

HIND CONSTN.

HOUSING DEV

HT MEDIA

I C I INDIA

I T C

I-FLEX


INDIAN HOTEL


JINDAL STAIN

JK CEMENT

JYOTI STRUCT

K S B PUMPS

KALE CONS

KOTAK MAH.FI

LAKSHMI MILL

LARSEN & TOU

MOSER-BAER P

NAG FERT

OIL COUNTRY

ORIENT CERAM

PANCH STEEL

PANTALOON RET

PIRAMYD RETL

PRATIBHA IND


RAYMOND

ROHIT FERRO

SURYACHAKRA POWER

SYNDICATE BANK

TAMILNADU PETRO

TATA STEEL

TEMPT.FOODS


THOMAS COOK

TULIP IT

TV TODAY

VALECHA ENGINEER




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