Other Results

Prakash Industries reports income up by 40% to Rs 329.

Prakash Industries reports income up by 40% to Rs 329.76cr
2007-10-27 19:08:30
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Prakash Industries Ltd, a diversified business house with interests in mining , steel and power today announced its financial results for second quarter ended September 30, 2007.

Second Quarter Financial Performance Overview FY 2007-08:
During the quarter the company showed impressive results. The total income from operations has increased by 40.16%, to Rs 329.76crores as against Rs Rs235.27 crores reported in the corresponding period last year. EBIDTA increased by 41.79% and stood at Rs 67.59 crs in the second quarter of the current year as against Rs 47.67crs in the corresponding period last year. PAT is up by 74% at Rs 54.63 crs as against Rs31.34 crs in the corresponding period in the previous year. Earning per share (EPS) up by 74.23% at Rs 5.00 in the second quarter as compared to Rs 2.87

Great Offshore's PAT up by 28% to Rs 4961 lacs in
In line with the growth in the E&P sector, the Company has achieved a growth of 20% in income from Operations to Rs.15233 lacs in Q2 FY 2007-08 from Rs.12705 lacs in Q2 in FY 2006-07. Correspondingly, the PAT has gone up by 28% to Rs.4961 lacs in Q2 FY 2007-08 from Rs.3879 lacs in Q2 FY 2006-07.The Company has 40 vessels as on September 30, 2007 as against 36 vessels as on September 30, 2006.

Garware Offshore registers 427% growth in net profit
Highlights:
· Total Income for the quarter ended September 2007, stood at Rs. 44.07 crores
· Profit After Tax for the quarter ended September 2007, at Rs. 23.53 crores
· EPS for the quarter ending September 2007 increased by 398%
· Starts work in the spot market and was awarded contract on short term basis at a charter rate which is approx. 50% higher.

Granules India Q1FY08 Net Sales up 10% at Rs 50cr
Granules India Ltd., one of the world’s largest Pharmaceutical Formulation Intermediate (PFI) manufacturers, witnessed a rise in its net sales by 10 per cent to Rs. 50.03 crores for the Q1FY08 ended 30th September 2007 as compared to the corresponding period last year which was at Rs.45.38 crores. During the quarter, the company has improved its margins. PBT (Profit before tax) margins in absolute terms increased to Rs 2.76 crores compared to Rs 2.5 crores in the corresponding period of last year.

During the Q1FY08 ended 30th September 2007, the company has made a net profit of Rs. 2.02 crores as against Rs. 2.04 crores in the corresponding quarter of last year. The marginal decline is because of rupee appreciation and change in tax laws for EOU units.

IHCL Q2 revenues up by 14% PAT up by 16%
IHCL reported a turnover of Rs 366.61 crores for quarter-ended Setember 30,2007, which was higher than the turnover of the corresponding quarter of the preceding year by 14%. The turnover for the half year ended September 30,2007 at Rs 731.01 crores grew by 18% over the turnover reported for the corresponding period of the preceding year.

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Results: SBI, NTPC, Grasim etc

SBI net up 36% at Rs 1,611 crore

The country’s largest bank, State Bank of India (SBI), has reported a 36% growth in its net profit at Rs 1,611.42 crore for the quarter to September, compared to Rs 1,184.49 crore for the corresponding quarter last year. Its net profit was buoyed by significant rise in both interest income and other income. A lower provision of Rs 85.71 crore for the quarter (Rs 321.30 crore) has also propelled the rise in profit. Significantly, operating profit before provisions and contingencies stood at Rs 2,713.22 crore (Rs 2,112.53 crore), reflecting a 28.44% growth.

Interest income for the period under review grew 32% to Rs 11,616.28 crore (Rs 8,799.62 crore) while other income rose 42% to Rs 2,041.94 (Rs 1,437.69 crore). For the half year period (April to September), SBI’s net profit grew 53.16% at Rs 3,037.23 crore (Rs 1,983.06 crore). Operating profit for the period was at Rs 5,074.68 crore (Rs 3,918.15 crore), grew 29.52%. The bank has managed to improve its asset quality significantly over the period.

NTPC Q2 net rises 31 pc

Country's top power generator NTPC Ltd on Saturday posted a 30.64 per cent rise in its net profit for the second quarter ended September 30, at Rs 1,925.49 crore as compared to Rs 1,473.93 crore in the corresponding period last year. Total income of the company for the quarter under review stood at Rs 8,749.2 crore, up 4.35 per cent over Rs 8,384 crore for the same period last year. The net sales stood at Rs 8,016.86 crore in the period as compared to Rs 7,724.30 crore during the same quarter previous year, a growth of 3.78 per cent, a company statement said.

Net sales for the half-year ended September 30 rose by 11.54 per cent to Rs 16,975.67 crore as compared to Rs 15,218.87 crore in the corresponding period last year. Profit after tax for the half-year increased 41.92 per cent at Rs 4,295.42 crore as compared to Rs 3,026.71 crore in the corresponding period last year. PLF of coal-based stations was higher in the first six months of the year at 88.63 per cent as compared to 85.12 per cent for the corresponding period last year.

Grasim Q2 net up 50 pc on record performance by VSF business

Aditya Birla Group's flagship Grasim Industries today recorded a 50 per cent surge in consolidated net profit to Rs 620 crore for the quarter ended September 30, against Rs 414 crore a year ago, buoyed by a record performance of its Viscose Staple Fibre (VSF) business. Net revenue of the company also went up by 25 per cent to Rs 3,973 crore during the period as against Rs 3,186 crore last year. "In all areas of business, the company has recorded improved perfromance.

But, the performance of the VSF business has been outstanding. In fact, it has clocked a record profit during the quarter," Grasim's whole-time Director D D Rathi told reporters here. Operating profit of the VSF business went up by 81 per cent during the quarter to Rs 315.6 crore as compared to Rs 174.3 crore during the corresponding period last fiscal. The business, which contributed 23 per cent of its total revenue, clocked a gross profit of Rs 294.7 crore during the quarter, recording a whopping 81 per cent hike.

Jindal Saw posts 89% jump

Steel pipes maker Jindal Saw on Saturday posted an 89.34 per cent jump in net profits to Rs 90.07 crore for the quarter ended September 30 as compared to Rs 47.57 crore for the corresponding period last fiscal. Total income of the company increased 25.45 per cent to Rs 1,430.53 crore for three-month period as against Rs 1,140.29 crore in the same period a year ago, it said in a filing to the Bombay Stock Exchange.

Dena Bank's Q2 jumps 34%

Dena Bank's Q2 jumps 34 pc State-run Dena Bank on Saturday registered a 34.03 per cent jump in net profit at Rs 92.15 crore for the quarter ended September 30, against Rs 68.75 crore for the same period last fiscal. Total income of the company increased 27.34 per cent to Rs 764.49 crore as against Rs 600.31 crore a year ago, the public sector bank informed the BSE.

Indusind Bank Q2 net up 30%
IndusInd Bank Ltd has announced the following unaudited results for thequarter ended September 30, 2007. The company has posted a net profit of Rs 223.40 million for the quarter ended September 30, 2007 as compared to Rs 171.80 million for the quarter ended September 30, 2006. Total income has increased from Rs 4,191.70 million for the quarter ended September 30, 2006 to Rs 5,254.70 million for the quarter ended September 30, 2007.

Moser Baer net profit dips to Rs 3.27 cr

Arvind Mills July-Sep net profit jumps
Arvind Mills Ltd. has announced the following unaudited results for the quarter ended September 30, 2007. The company has posted a net profit after extrordinary items of Rs 105.00 million for the quarter ended September 30, 2007 as compared to Rs 47.40 million for the quarter ended September 30, 2006. Total income has increased from Rs 4932.80 million for the quarter ended Sepmtember 30, 2006 to Rs 5653.90 million for the quarter ended September 30, 2007.


Indian Hotels Q2 net profit at Rs 53.2 crore

DCM Shriram net up at Rs 607.05 cr
DCM Shriram Consolidated (DSCL), a diversified agribusiness and chemical company, has reported a 56.15 times rise in net profit for the second quarter ended September 2007.

Thomas Cook Q3 net at Rs 6.8 cr

Raymond posts Rs 30.7-cr net

Bharat Forge Q2 net up at Rs 79.1 crBharat Forge Ltd today announced combined second quarter revenue of Rs 1,071.2 crore and profit after tax of Rs 79.1 crore, a growth of 8 per cent and 6 per cent, respectively over the corresponding period previous year.

TNPL net jumps 43%

Seshasayee Paper net up 13%

SCI`s net declines 43.26% in Sep`07 qtrShipping Corporation of India (SCI) registered a decline of 43.26% in net profit to Rs 1,823.10 million for the quarter ended Sep. 30, 2007, from Rs 3,212.90 million in the corresponding quarter, last fiscal. sales stood at Rs 8,688.80 million in the quarter ended Sep. 30, 2007, as against Rs 10,142.80 million in the corresponding period last year, recording a fall of 14.34%.

Redington India`s net up 29.44% in Sep`07 qtr Redington India registered a growth of 29.44% in net profit to Rs 153.90 million for the quarter ended Sep. 30, 2007, from Rs 118.90 million in the quarter ended Jun. 30, 2007. Net sales stood at Rs 14,637.10 million in the quarter ended Sep. 30, 2007, as against Rs 12,960.20 million in the quarter ended Jun. 30, 2007, an increase of 12.94%.Total Income rose 12.90% to Rs 14,663.00 million in the quarter ended Sep. 30, 2007 from Rs 12,987.10 million for the quarter ended Jun. 30, 2007.

Decolight Ceramics net up 23.09% in Sep`07 qtr
Decolight Ceramics registered a growth of 23.09% in net profit to Rs 21.21 million for the quarter ended Sep. 30, 2007, from Rs 17.23 million for the quarter ended Jun. 30, 2007.
Net sales stood at Rs 164.05 million in the quarter ended Sep. 30, 2007, as against Rs 167.45 million in the quarter ended Jun. 30, 2007, a fall of 2.03%.

Moser Baer net declines 87.40% in Sep`07 qtr

Dalmia Cement net rises 59.17% in Sep`07 qtr

Lanco Infratech net rises 68.81% in Sep`07 qtr
Lanco Infratech posted a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 68.81% rise in profit to Rs 342.78 million from Rs 203.05 million in the quarter ended September 2006.Net sales for the quarter rose 2.88 times to Rs 3,794.03 million compared with Rs 1,313.31 million in the corresponding quarter, a year ago.

Godrej Industries net rises 78.40% in Sep`07 qtr

Pantaloon Retail net drops 23.16% in Sep`07 qtr

Nagarjuna Fertilizers Q2 net falls 52.18%
Nagarjuna Fertilizers and Chemicals (NFCL), the flagship company of the Nagarjuna Group, registered a steep fall of 52.18% in net profit for the second quarter ended September 2007, hurt by 226 basis points fall in operating margins together with 75% drop in other income. During the quarter, the company saw a decline in net profit to Rs 86.6 million from Rs 181.1 million in the same quarter of the previous year. Earnings per share for the quarter fell 52.38% to Rs 0.20 compared with a year ago period.

Jyoti Structures Q2 net jumps 47.86%
Jyoti Structures, a leader in providing turnkey solutions in the field of high voltage power transmission lines and substations, registered a substantial growth of 47.86% in net profit for the second quarter ended September 2007, helped by 142 basis points rise in operating margins together with strong sales growth. During the quarter, the company saw a rise in net profit to Rs 169.67 million from Rs 114.75 million in the same quarter of the previous year. The company reported diluted earnings per share of Rs 2.07 during the quarter

BEML`s net down 33.49% for Sep`07 qtr

ICI India Q2 net rises 3.5%

Leading maker of paints and speciality chemicals, ICI India registered a marginal rise of 3.5% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 212.90 million from Rs 205.70 million in the same quarter of the previous year.Total income for the quarter dropped marginally 0.86% to Rs 2,455.60 million, when compared with the corresponding quarter, a year ago.

CRISIL net climbs 69.83% for Sep`07 qtr

City Union Bank Q2 net zooms 64.22%


THERMAX LTD - Press Release (Oct 27, 18:32)
Thermax Q2 Net Profit at Rs 69.2 Crores
Thermax Ltd has informed the Exchange regarding the consolidated Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 153067 lacs for half year ending on 30-SEP-2007 against Rs. 85751 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 12815 lacs for the half year ending on 30-SEP-2007 against Rs. 7967 lacs for the half year ending on 30-SEP-2006.


TEXMACOLTD: 01-JUL-2007 to 30-SEP-2007 (Second Quarter)

DIVISLAB Divi'S Laboratories Limited has informed the Exchange regarding a press release which is as follows: "Divi's laboratories has earned a PAT of Rs.91 crores on consolidated basis for the second quarter ending 30th September, 2007. Total income for the quarter grew by 48% to Rs.245 crores. For the corresponding quarter of last year, the company earned a PAT of Rs.30 crores on a total income of Rs.165 crores. For the current half-year, Divi's earned a PAT of Rs.156 crores on income of Rs.475 crores as against a PAT of Rs.56 crores and income of Rs.330 crores during the corresponding previous half-year".

NAVA BHARAT VENTURES LIMITED - Press Release (Oct 27, 17:37)
Nava Bharat Ventures Limited has informed the Exchange regarding a press release dated October 27, 2007, titled "Q2 PAT doubles to Rs.522 million; H1 Net Profits rise 83% to Rs.1,101 million".


GRANULES INDIA LIMITED - Press Release (Oct 27, 14:04)
GRANULES
Granules India Limited has informed the Exchange regarding a press release dated October 27, 2007, titled "Granules India Q1FY08 Net Sales up 10 per cent at Rs 50 cr".

CORPORATION BANK - Standalone Results Update, Half Yearly ended, 30-SEP-2007 (Oct 27, 13:13): Corporation Bank Q2 Net Profit at Rs 161.38 Crores
Corporation Bank has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Interest earned of Rs. 216417 lacs for the half year ending on 30-SEP-2007 against Rs. 156257 lacs for the half year ending on 30-SEP-2006. Interest expended of Rs. 145712 lacs for the half year ending on 30-SEP-2007 against Rs. 92110 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 33849 lacs for the half year ending on 30-SEP-2007 against Rs. 27125 lacs for the half year ending on 30-SEP-2006.


D-Link India Q2 Net Profit at Rs 7.31 Crores



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Weekly Gainers

Some of the Top Gainers this week: www.equitymaster.com

COMPANY
PRICE ON Oct 26, 2007 (Rs)
PRICE ON Oct 19, 2007 (Rs)
% CHANGE

INDUSIND BANK
94.85
67.20
41.1%

ADANI EXPORT
836.25
614.25
36.1%

ENGINEERS INDIA
726.35
543.35
33.7%

DREDGING CORP
786.70
588.55
33.7%

JINDAL STEEL
8,382.30
6,499.95
29.0%

L&T
3,876.80
3,023.05
28.2%

LIC HOUSING
274.15
215.70
27.1%

REL. ENERGY
1,670.00
1,333.25
25.3%

SBI
2,083.95
1,667.60
25.0%

KOTAK BANK
1,027.25
828.25
24.0%


IDBI
145.65
119.30
22.1%

RELIANCE CAPITAL
1,820.20
1,497.95
21.5%

MRF LTD.
5,623.90
4,628.50
21.5%

PIDILITE INDUSTRIES
190.20
157.10
21.1%

BOI
307.40
256.25
20.0%


REL PETRO
202.10
168.75
19.8%

ARVIND MILLS
75.20
63.00
19.4%

HMT LTD.
65.75
55.40
18.7%

BHARAT FORGE
336.55
283.80
18.6%

BHEL
2,431.75
2,051.60
18.5%

SAIL
262.85
222.45
18.2%

NOVARTIS
336.05
285.75
17.6%

ROLTA INDIA
695.45
592.25
17.4%

CANARA BANK
288.55
245.85
17.4%

UNION BANK
162.05
138.30
17.2%

----------------------------------------------------

HERC.HOISTS
6,270.90
3,497.40
79.3%

REFEX REFRE
119.30
67.25
77.4%

HFCL INFOTEL
35.05
20.70
69.3%

OCL INDIA
281.70
182.55
54.3%

ASHIANA HSG.
462.95
305.35
51.6%

HIND NAT GLS
908.10
600.10
51.3%

MARG CONSTRUCTION
262.75
180.75
45.4%

STERLING RESORTS
58.10
41.50
40.0%

ECE INDUSTRIES
819.95
589.05
39.2%

PRIME SECURITIES
131.15
95.75
37.0%

------------------------------------------------------


RAMA NEWSPRINT
27.10
9.75
177.9%

P&G
692.00
406.00
70.4%

ECE INDUSTRIES
820.30
591.60
38.7%

ENGINEERS INDIA
727.40
542.65
34.0%

MERCATOR LINES
119.20
89.25
33.6%

INFOMEDIA LTD
219.95
164.80
33.5%

KANORIA CHEMICALS
129.50
97.40
33.0%

DREDGING CORP
781.15
589.05
32.6%

ITD CEMENTATION INDIA
821.30
623.30
31.8%

IND.HUME PIP
990.25
757.00
30.8%

BANNARI AMAN
801.65
621.60
29.0%

PUNJ LLOYD
443.80
344.70
28.7%

KOTHARI PROD
909.55
706.85
28.7%

JINDAL STEEL
8,364.80
6,507.85
28.5%

L&T
3,872.80
3,014.05
28.5%

TCI FINANCE
37.30
29.10
28.2%

DEWAN H.FIN.
86.55
67.55
28.1%


For more, Visit: www.equitymaster.com

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

Weekly Wrap up: Sensex up 9.58%, highest in six years

Weekly Wrap up: Sensex up 9.58%, highest in six years

The Indian stock market is making all the right moves to register itself in the record books considering the rate at which its reaching new highs in a short period of time.In the last two three weeks BSE Sensex has created many record like, fastest 1,000 points rally in just 4 trading session; biggest intraday point fall on Wednesday last week; biggest gain for Sensex on Tuesday this week; and now biggest one weekly gain since Apr. 20, 2001.

Despite having witnessed a slump on Wednesday (October 17) last week, wherein the BSE Sensex and Nifty hit the lower circuit for the first time since last year, the market exhibited a commendable pick up. The bourses had hit the lower circuit on back of SEBI`s draft proposal on curbing the investment made through P-Notes. This week, the BSE Benchmark Index, Sensex after receiving more clarity on SEBI stand on FII inflows on October 25, posted its biggest one-week gain.

Sensex ended the week on Friday (Oct. 26, 2007) with a weekly gain of 1,683.59 points, or 9.58% at 19,243.17. On the other hand NSE closed up 487 points, or 9.33% at 5,702.30.

On Thursday, the SEBI went ahead with the proposal on P-Notes, which was made on October 16, and announced to disallow issuance of P -Notes with underlying as derivative. Further it announced that now the Pension funds, charities, endowments can invest in India by registering themselves. The Indian investors accepted the decision and pushed the market to touch its all time life high of 19,276.45 on very next day, once again reassuring that the Bulls have not gone for a nap rather they are in the race. For the coming week, the market has two major events that is the RBI Credit policy meeting and Federal Reserve meeting in USA, back to back on Tuesday and Wednesday respectively.

If every thing goes as expected worldwide then we could see a fresh new movement in the world markets, including the Indian stock market which is on a bull run.

A Recap:The BSE benchmark index, Sensex on Monday (Oct. 22, 2007) opened weak at 17,259.65 on account of negative global cues and the SEBI meeting. However in the later half of the day it recoverd smartly and touched an intraday high of 17,704.83. The BSE Sensex closed with a gain of 54.01 points, or 0.31%, at 17,613.99, while the broad-based NSE Nifty lost 31.3 points, or 0.60%, to close at 5,184.00.

On Tuesday (Oct. 23, 2007) Sensex, opened strong at 17,910.30 and traded like an unbridled horse throughout the day. The index gained around 900 points during the day, touching its biggest intraday high.The BSE Sensex closed with hefty a gain of 878.85 points, or 4.99%, at 18,492.84, while the broad-based NSE Nifty gained 289.7 points, or 5.59%, to close at 5,473.70.

On Wednesday (Oct. 24, 2007), just before the SEBI meet on the P-Notes issue, Sensex, opened strong at 18,727.90, however after an hour, the index lost its strength and fell into the negative terrain. The market finally closed on a flat note amidst volatility. The BSE Sensex closed up 20.07 points, or 0.11%, at 18,512.91, while the broad-based NSE Nifty gained 22.45 points, or 0.41%, to close at 5,496.15.

Finally the D-Day came on Thursday (Oct. 25, 2007), where SEBI`s meeting was eyeballed by practically all those who were going to be affected and also those who were not. Sensex opened at 18,519.23, followed by heavy volatility in the next few hours of trading. But just as it started showing a downward trend, the bulls pulled up the indices and intense buying activity was seen in the pivotal stocks. The BSE Sensex closed up 257.98 points, or 1.39%, at 18,770.89, while the broad-based NSE Nifty gained 72.8 points, or 1.32%, to close at 5,568.95After market hours the SEBI head M. Damodaran came out with its decision on P-Notes, disallowing issuance of P -Notes with underlying as derivative and other decisions, which indicated that the SEBI had decided to go ahead with its proposal, and thereby all moves to curb anonymous FII inflow will be stemmed with immediate effect.On last day of the week i.e.

Friday (Oct. 26, 2007) the 30-share benchmark index, Sensex opened on positive note at 18,823.66, despite the SEBI`s decision to go firm on FII inflow. The index proceeded to trade higher throughout the day and touched an all time high of 19,276.45 in the intraday trades.The BSE Sensex closed with a hefty gain of 472.28 points, or 2.52%, at 19,243.17, while the broad-based NSE Nifty gained 133.35 points, or 2.39%, to close at 5,702.30New Listing:Hyderabad-based Maytas Infra, a company engaged in infrastructure development, construction and project management, after listing on bourses on October 25, closed at a premium of 70.27% at Rs 630, a premium of Rs 260, compared with the issue price of Rs 370 a share, at the National Stock Exchange (NSE).

Results announced during the week:On a consolidated basis, Satyam Computer Services, a leading software company, posted 27.92% rise in profit after tax and minority interest as per Indian GAAP of Rs 4,090.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 3,198.10 million for the quarter ended Sep. 30, 2006.Suzlon Energy on a consolidated basis posted a growth of 67.74% in net profit to Rs 3,947.00 million for the quarter ended September 2007 as compared with Rs 2,353.70 million for the corresponding quarter, last year.

Reliance Capital, an Anil Ambani Group company, announced a 20.42% rise in net profit after tax of Rs 2,012.80 million for the second quarter ended September 2007 as compared to Rs 1,671.50 million for the comparable quarter, last year. ABB, a leader in power and automation technologies, disclosed a steady rise in net profit for the quarter ended September 2007. During the quarter, the company experienced a 40.83% rise in profit to Rs 1,156.88 million from Rs 821.43 million in the quarter ended September 2006.

Larsen & Toubro (L&T), the heavy engineering giant posted a robust 72.95% increase in net profit to Rs 3,480.20 million for the quarter ended Sep. 30, 2007 as compared with Rs 2,012.20 million in the same quarter, last fiscal. ITC, the FMCG major, registered a 13.43% increase in net profit to Rs 7,708.70 million, for the quarter ended Sep. 30, 2007, as compared with Rs 6,796.00 million in the same quarter, a year ago.

Tata Steel, India`s largest private sector steel company reported a marginal rise in net profit for the quarter ended September 2007. During the quarter, the company experienced a 8.11% rise in profit to Rs 11,908.30 million from Rs 11,014.90 million in the quarter ended September 2006.Economy Watch:India`s wholesale price index (WPI) based Inflation remained unchanged at 3.07% for the week ended October 13, from the previous week. The headline inflation is at its 5-year low since October 2002.



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Day's Quote/Corporate Story

Quote of the Day

" Even when I went to the playground, I never picked the best players. I picked guys with less talent, but who were willing to work hard, who had the desire to be great."


Corporate/Personality of the Day

Amar Gopal Bose (Bengali: Ômor Gopal Boshu) (born November 2, 1929) is the chairman and founder of Bose Corporation. A Bengali Indian American electrical engineer, he was listed on the 2007 Forbes 400 with a net worth of $1.8 billion.
Bose was born and raised in Philadelphia, Pennsylvania; his father, Noni Gopal Bose, was an Indian freedom revolutionary from Bengal who having been imprisoned for his political activities, fled Kolkata (Calcutta) in the 1920s in order to avoid further prosecution by the British colonial police.
Amar Bose attended Abington Senior High School and later obtained a Ph.D. from the Massachusetts Institute of Technology (MIT). His PhD thesis was a highly mathematical treatise on non-linear systems.

For More, Visit: http://en.wikipedia.org/wiki/Amar_Bose



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Headlines from ET and Moneycontrol

From Economictimes.Com

If you figure in the list of meritorious 1 lakh students, you will get Rs 1 lakh annually for pursuing university education in science stream and the amount may continue up to five years. The government is planning to institute scholarships to encourage education in science and technology. While modalities of selecting meritorious students are yet to be worked out, it is proposed that the future scientists would be caught young in the 12th class itself. The financial assistance would be given to such students while pursuing BSc and MSc courses. “We have proposed to give adequate financial support to sufficient number of students to foster talent in scientific research.

The government is considering to award 1 lakh scholarships of Rs 1 lakh each. Meritorious students pursuing university education in science stream would be eligible for the award. The proposal is expected to be incorporated in the 11th Five-Year Plan, and expected to be announced in the forthcoming National Development Council (NDC) meeting,” a source in the government said.

for more, A lakh scholarships of Rs 1 lakh each

Voltas targets Rs 10,000 crore turnover by FY10
KSS buys 50% in Abhishek Auto; plans to invest $20 m in 3 yrs
Bajaj Auto to drive $3,000 small car project
TVS files Rs 250 cr defamation suit against Bajaj
Protego to raise $400 mn for India office fund

Goldman, Macquarie set to buy 40% in PTC arm for Rs 120 crore
BHEL MoU with TNEB for Rs 8,500 cr power projects
Sun Pharma gets US nod for Novartis' Exelon
BEML bags Rs 1,144 cr order from DMRC
JSW Steel eyes iron ore mine acquisition overseas

HCC bags orders worth Rs 983 cr
IIM-I grads gear up to lure investors
Tata group's Infinity Retail ties-up with Microsoft
SingTel scouting for JV partner
GMR to bid for airport projects in East Europe

Indian annual inflation at 3.07 pc
Inflows putting pressure on rupee, inflation: FM
Microsoft Q1 profit up 23%
Promethean Indian Fund picks 8.57 pc stake in Nitco Tiles
Akruti Nirman to invest Rs 15 bn in Pune


ING Vysya Life collects Rs 112 cr premium
LIC eyes Rs 7,800 cr premium income from group business
IT hits M&A street: 2 deals every 3 days
TCS to set up South African subsidiary Co



From Moneycontrol.Com

Jet Airways to raise $400 m via rights issue

Pratibha Ind’s order book stands at above Rs 2,300 cr

Euro Ceramics post healthy growth in sales & profits for Q2

Emkay Shares targeting 60K retail customers in FY08

Let's wait and see impact of Sebi’s steps: FM

Reliance Energy bags 100 mt coal block in Orissa

Triveni Engineering continue to outperform: Sharma

Religare Enterprises can give handsome returns: Experts



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20 ventures you can start with Rs 5 lakh

Article from http://www.rediff.com/

In 1995, Sabeer Bhatia started Hotmail with his idea - of a free, Internet-based email service that can be accessed anywhere in the world - and seed capital from pioneering venture fund Draper Fisher Jurvetson. The service was commercially launched on 4 July 1996. The idea found takers, 8.5 million of them by December 1997. That month itself, Microsoft Corporation, the world's largest software company, bought it off him for a whopping $400 million.That's the power of a good idea. In the last decade, businesses like Hotmail have rewritten the rules of starting a new business. The first idea that has been junked is that you need a large amount of capital to get it off the ground.

The second concept to go was that you must make a tangible product to sell. Their demise has been helped in no small measure by the increasing access of the common man to the Internet, as well as by the emergence of the services, rather than manufacturing as a huge and fast-growing sector. Further, the emergence of angel investors, venture capitalists and private equity funds has made it easier, although still not easy, to fund a new venture. The first new requirement for new-generation businesses is what old advertising hands would call the big idea, the ability to spot unmet needs for products or services.One, two, clean a shoe ... Take the case of Mumbai's Sandeep Gajakas. He saw a lot of otherwise cleanly dressed people going around in expensive, but dirty, footwear. That was because age-old methods were not good enough for cleaning hi-tech branded shoes that used different materials and textures. 20 Businesses You Can Start With Rs 5 lakh Or Less

further, view : 20 ventures you can start with Rs 5 lakh!

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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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