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01 November 2007
Sensex ends 114 pts down in volatile trade
Though a few blue chip stocks, ONGC (6.6%), Reliance Petroleum (6.2%), Larsen & Toubro (4.3%), ICICI Bank (3.35%), Reliance Communications (2.45%), Ranbaxy Laboratories (2.1%), BHEL (1.85%) and Infosys Technologies (1.7%) romped home with impressive gains, it turned out to be a highly negative close for the market today.
Notwithstanding a positive start - the US Federal Reserve's decision to cut bank rates by 25 basis points had buoyed up the mood in early trade - the market struggled almost right through the session today as participants appeared somewhat clueless once again about the near term impact of the hike in CRR and restrictions on Participatory Notes on the market.
The Sensex, which hit a high of 20,204.21 after opening with a positive gap of nearly 300 points at 20,130.23, ended the day with a loss of 113.64 points or 0.57% at 19,724.35. In intra-day trades today, the barometer touched a low of 19,634.47.
The Nifty, which moved past the 6000 mark to a new high of 6011.95 in early trade this morning, plunged to a low of 5837.20 before it ended at 5866.45, down 0.58% or 34.20 points from its previous closing mark.
Mahindra & Mahindra (1.4%) and HDFC Bank (1.4%) closed on a firm note. State Bank of India ended with a marginal gain.
Maruti Suzuki (down 6.5%), Hindustan Unilever (6.4%), Bharti Airtel (down 6.3%), Reliance Energy (down 5.3%), Hindalco (4.25%), ITC (4.05%), Reliance Industries (down 3.95%), NTPC (down 3.05%), HDFC (down 2.75%), ACC (down 2.3%), Tata Steel (down 2.2%) and Bajaj Auto (down 2.1%) went down sharply.
Tata Motors, Tata Consultancy Services, Dr. Reddy's Laboratories, Cipla, Satyam Computer Services, Wipro and Grasim Industries lost 1% - 2%. Ambuja Cements, which moved in a very narrow range, settled with a loss of 0.55%.
VSNL, MTNL, Siemens, Hero Honda, Zee Entertainment, Nalco, Unitech, HCL Technologies, Hindustan Petroleum Corporation, GAIL India and SAIL closed with sharp losses today. Punjab National Bank, Sun Pharmaceuticals, Tata Power and ABB posted smart gains.
Midcap stocks reeled under a severe bout of pressure in afternoon trade and mirroring the sharp fall in values of stocks in that space, the BSE Midcap index tumbled 2.07% today. Reflecting the sell-off in smallcap stocks, the BSE Smallcap index fell 1.53% to 9646.61.
Among the sectoral indices, the FMCG index suffered the most. It lost as much as 4.16% today. The Realty index closed lower by 2.96%. The Auto, CD, Metal, Oil & Gas and Teck indices eased by 1% - 2.25% while the Healthcare index drifted down by 0.46%. BSE IT closed with a minor loss.
With a few frontline stocks from capital goods and banking sectors faring impressively, the BSE CG and Bankex moved up by 1.75% and 1.84% respectively. The PSU index settled with a gain of 0.77%.
The market breadth turned highly negative today. Out of 2815 stocks traded on BSE, as many as 1817 stocks closed in the negative territory. 944 stocks posted gains and 54 stocks ended unchanged from their previous closing levels.
The National Stock Exchange recorded a turnover of Rs 28,476.07 crore, the biggest ever in its history. Reliance Petroleum (Rs 3950 crore), Reliance Natural Resources (Rs 2389 crore), Reliance Industries (Rs 1645 crore), Reliance Communications (Rs 1441 crore), Reliance Energy (Rs 1028 crore) and Reliance Capital (Rs 777 crore) contributed significantly to the rise.
Larsen & Toubro, Jindal Steel, ICICI Bank and Bharti Airtel were the other turnover toppers today.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Corporate of the Day
Vinod Dham
former microprocessor designer for Intel and creator of the Pentium processor .
Vinod Dham (Hindi: विनोद धाम), born 1950, is a venture capitalist, and is often referred to as the father of the Intel Pentium processor.[citation needed]
Vinod was born in the city of Pune, India. He completed his undergraduate education in Electrical Engineering from the Delhi College of Engineering. In 1971, after graduation, he joined a Delhi-based semiconductor company called Continental Devices. In 1975, he left this job and joined University of Cincinnati to pursue a masters degree in Electrical Engineering, where he specialized in Solid State Science. After completing his masters degree in 1977, he joined NCR Corporation at Dayton, Ohio. He then joined Intel, and started working on the Pentium chip. He rose to the position of vice-president of Intel. He left Intel in 1995, and joined a number of startups including NexGen, which was acquired by AMD, and then went on to Silicon Spice. He is also the co-founding partner of New Path Ventures which has funded Companies like Nevis Networks.he gave a nice and interesting lecture to 2nd year electrical engineering students of IIT madras on 31st oct 2007
For more, Visit: http://en.wikipedia.org/wiki/Vinod_Dham
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
former microprocessor designer for Intel and creator of the Pentium processor .
Vinod Dham (Hindi: विनोद धाम), born 1950, is a venture capitalist, and is often referred to as the father of the Intel Pentium processor.[citation needed]
Vinod was born in the city of Pune, India. He completed his undergraduate education in Electrical Engineering from the Delhi College of Engineering. In 1971, after graduation, he joined a Delhi-based semiconductor company called Continental Devices. In 1975, he left this job and joined University of Cincinnati to pursue a masters degree in Electrical Engineering, where he specialized in Solid State Science. After completing his masters degree in 1977, he joined NCR Corporation at Dayton, Ohio. He then joined Intel, and started working on the Pentium chip. He rose to the position of vice-president of Intel. He left Intel in 1995, and joined a number of startups including NexGen, which was acquired by AMD, and then went on to Silicon Spice. He is also the co-founding partner of New Path Ventures which has funded Companies like Nevis Networks.he gave a nice and interesting lecture to 2nd year electrical engineering students of IIT madras on 31st oct 2007
For more, Visit: http://en.wikipedia.org/wiki/Vinod_Dham
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
31 October 2007
Results: Bharti, GBN etc
Bharti Airtel (consolidated) net surges 87.04% in Sep`07 qtr
Bharti Airtel, India`s top telecom operator, on consolidated basis posted 87.04% growth in net profit to Rs 16,437.60 million for the quarter ended Sep. 30, 2007 as against Rs 8,788.40 million in the corresponding quarter last year.
Total Income grew 46.38% to Rs 63,867.30 million for the quarter ended Sep. 30, 2007. The company reported better-then-expected growth in standalone net profit at Rs 16,191.50 million for the September 2007 quarter as compared with Rs 8,883.50 million in the corresponding quarter last year, a rise of 82.26%,
Net sales in the quarter grew 44.94% to Rs 60,598.90 million as compared with Rs 41,809.10 for the quarter ended September 2006.Total Income in the quarter also grew 45.23% to Rs 61,185.30 million from Rs 42,129.80 million for the quarter ended September 2006.
Central Bank of India net at Rs 2.2 bn for Sep`07 qtr
Newly-listed public sector lender Central Bank of India (Q, N,C,F)* reported a net profit of Rs 2,219.50 million for the second quarter ended Sep. 30, 2007
Aarvee Denims` net down 45.49% for Sep`07 qtr
Pyramid Saimira net flops 5.59% (Q-o-Q)
Pyramid Saimira Theatres announced 5.59% drop in net profit to Rs 151.13 million for the quarter ended September 2007, as compared to a Rs 160.08 million in the June 2007 quarter.Total Income rose 19.25% to Rs 1,465.05 million for the quarter ended September 2007, where as the same was at Rs1,228.51 million for the quarter ended June 2007.
Bank of Baroda net rises 13.46% in Sep`07 qtr
Bank of Baroda a public sector bank announced a 13.46% rise in net profit to Rs 3271.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 2883.60 million for the quarter ended Sep. 30, 2006. Total Income has increased 32.94% to Rs 33,338.30 million for the quarter ended September, 2007 from Rs 25076.60 million for the quarter ended September, 2006.
CESC Q2 net profit up 35%
CESC Ltd's July-September net profit rose 35 per cent to Rs 93 crore compared with Rs 69 crore in the same quarter of previous year. Total income increased 9 per cent to Rs 756 crore from Rs 696 crore year ago. At 12:35 pm, CESC shares were up 1.62 per cent at Rs 587.20 on BSE
Era Infra net vaults 51% in Q2 31
Era Infra Engineering announced a 50.98% jump in net profit at Rs 247.19 million for the quarter ended September 2007, as compared to Rs 163.72 million for the quarter ended September 2006. Total Income increased 61.07% to Rs 2,653.30 million for the quarter ended September 2007, from Rs 1,647.29 million, for the same quarter last year.
Bombay Rayon net jumps 2.7 times in Q2
Bombay Rayon announced a 2.77 times rise in net profit to Rs 306.78 million for the quarter ended September 2007, as compared to Rs 110.76 million for the corresponding quarter, last year.Total Income rose 2.24 times to Rs 2,340.58 million for the quarter ended September 2007, where as the same was at Rs 1,045.40 million for the quarter ended September 2006.
MSK Projects net rises 40% in Q2
MSK Projects announced a 39.93% jump in net profit at Rs 24.11 million for the quarter ended September 2007, as compared to Rs 17.23 million for the quarter ended September 2006. Total Income increased 98.48% to Rs 495.43 million for the quarter ended September 2007, from Rs 249.61 million, for the same quarter last year.
Centurion Bank of Punjab net up 33% in Sep`07 qtr
Centurion Bank of Punjab, a private-sector bank announced 33.76% rise in net profit to Rs 416.40 million for the quarter ended September 2007 as compared to Rs 311.30 million for the quarter ended September 2006. Total Income rose 85.16% to Rs 6,944.40 million for the quarter ended September 2007 where as the same was at Rs 3750.30 million for the quarter ended September 2006
Su-raj Diamonds net up 33.37% in Sep`07 qtr
Asian Electronics` net up 2.99 times for Sep`07 qtr 31
Asian Electronics registered 2.99 times growth in net profit to Rs 298.20 million for the quarter ended Sep. 30, 2007, from Rs 99.50 million in the corresponding quarter last fiscal.
Net sales stood at Rs 966.10 million in the quarter ended Sep. 30, 2007, as against Rs 593.60 million in the same period last year, recording a growth of 62.75%.
Puravankara Projects net up 51.17% in Sep`07 qtr
Puravankara Projects registered a 51.17% growth in net profit to Rs 538.81 million for the quarter ended September 2007, as against Rs 356.42 million for the quarter ended June 2007.
Net sales rose 17.11% to Rs 1,410.08 million in the quarter ended September 2007, from Rs 1,204.06 million for the quarter ended June 2007.
Tata Teleservices registers loss at Rs 777.20 in HY-Sep` 07
Tata Teleservices Maharashtra (TTML) registered net loss of Rs 777.20 million for the half-year ended September 2007.Net sales stood at Rs 8,117.10 million in the half-year ended September 2007.Total income of Rs 8,365.20 million was recorded for the half-year ended September 2007.
Indus Fila net up 41.22% in Sep` 07 qtr (Q-o-Q)
Indus Fila registered a 41.22% growth in net profit to Rs 115.86 million for the quarter ended September 2007, as against Rs 82.04 million for the quarter ended June 2007.Net sales rose 35.66% to Rs 1,169.24 million in the quarter ended September 2007, from Rs 861.87 million for the quarter ended June 2007
JB Chemicals` net up 1.18% for Sep`07 qtr
Aventis Pharma Q3 net falls 31.60%
Chennai Petroleum`s net up 2.37 times for Sep`07 qtr
Vipul Q2 net jumps over two-fold at Rs 12 cr 31 Oct, 2007, 1916 hrs IST
Vipul Ltd on Wednesday reported a more than two-fold jump in its net profit at Rs 11.99 crore.
HMT Q2 net loss Rs 3.24 cr vs net profit Rs 88.09 cr 31 Oct, 2007, 1800 hrs IST
HMT Ltd posted a net loss of Rs 3.24 crore for the quarter ended September 2007 against a net profit of Rs 88.09 crore in the same quarter of the previous year.
Max India Q2 up 104 pc
Max India Ltd on Tuesday reported a jump of over 104 per cent in its consolidated operating profit at Rs 227 crore for the quarter ended September 30, as compared to Rs 111 crore in the same period last year.
ONGC Q2 net profit rises 22%
Oil & Natural Gas Corporation's net profit rose 22.12 per cent to Rs 5, 097.48 crore for the quarter ended September 30, 2007 compared with Rs 4,173.98 crore in the same quarter a year ago.
Spice exports up 29% at Rs 2,100 cr
IOC Q2 net rises 32% to Rs 3,818 cr
Bank of Baroda Jul-Sep net profit up 14%
Canara Bank Q2 net profit up 11%
Aurobindo Jul-Sept net Rs 62.06 crore
Neyveli Lignite Q2 net profit up 41%
Usha Martin's net profit rises 49 pc
Rei Agro net up 74% NEW DELHI: Rei Agro has reported 74.2% increase in net profit for the quarter ending September’07. Net profit for the diversified company having exposure into basmati rice, retailing and power rose to Rs 29.23 crore compared to Rs 16.77 crore in the corresponding period last year. Income from operations increased 91.78% to touch Rs 460.73 crore during the quarter.
Aditya Birla Nuvo Q2 cons net profit at Rs 48 crore
31st-Oct-2007Aditya Birla Nuvo has declared its second quarter results. Its Q2 consolidated net profit was at Rs 48 crore versus Rs 76 crore.
Bongaigoan Refinery Q2 net profit up at Rs 113.23 cr
31st-Oct-2007
Bongaigoan Refinery in Q2 FY08 has posted net profit of Rs 113.23 cr versus Rs 50.29 crore, up 125% on YoY basis. During the same period, its net sales were at Rs 1383.2 crore versus Rs 1754.89 crore, down 21%.
TV18 Q2 cons net profit at Rs 11.44 cr
31st-Oct-2007
Television Eighteen has announced its second quarter numbers. It has posted consolidated net profit of Rs 11.44 crore for the quarter ended September 2007 as against Rs 4.46 crore in previous quarter.
GBN Q2 net loss at Rs 5.81 cr
31st-Oct-2007
Global Broadcast News (GBN) has announced its second quarter numbers. It has posted net loss of Rs 5.81 crore for the quarter ended September 2007 as against Rs 12.59 crore in same quarter of last year and Rs 3.49 crore in previous quarter.
IVR Prime Q2 net profit up at Rs 15.9 crore
31st-Oct-2007
IVR Prime has declared its second quarter results. Its Q2 net profit was at Rs 15.9 crore versus Rs 1.5 crore, QoQ.
Indraprastha Gas Q2 net profit up at Rs 42.8 cr
31st-Oct-2007
Indraprastha Gas in Q2 FY08 has reported net profit of Rs 42.8 cr Vs Rs 34.8 cr, YoY. During the corresponding quarters, its net sales were up at Rs 174 crore versus Rs 154.2 crore.
Indraprastha Gas Q2 net profit up at Rs 42.8 cr
31st-Oct-2007
Indraprastha Gas in Q2 FY08 has reported net profit of Rs 42.8 cr Vs Rs 34.8 cr, YoY. During the corresponding quarters, its net sales were up at Rs 174 crore versus Rs 154.2 crore.
Gammon Q2 net profit at Rs 17.1 cr
31st-Oct-2007
Gammon in Q2 FY08 has repoerted standalone net profit of Rs 17.1 crore versus Rs 26.2 crore, YoY. During the corresponding quarters, its net sales were up at Rs 460.3 crore versus Rs 378.4 crore.
AIA Engg Q2 cons net profit at Rs 27.3 cr
31st-Oct-2007
AIA Engineering has come out with second quarter numbers. It has posted consolidated net profit of Rs 27.3 crore for the quarter ended September 2007 as against Rs 24.1 crore in same quarter of last year.
Amtek Auto Sep qtr net profit up at Rs 63.9 cr
31st-Oct-2007
Amtek Auto in Q1 FY08 has reported net sales of Rs 311.7 crore versus Rs 236.3 crore, YoY. During the corresponding quarters, its net profit was up at Rs 63.8 crore versus Rs 50.9 crore, YoY.
McLeod Russel Q2 net profit at Rs 89 cr
31st-Oct-2007
McLeod Russel has declared its second quarter reuslts. The company's Q2 net profit was at Rs 89 crore (Rs 890 million) from Rs 100 crore (Rs 10 billion).
SpiceJet Q2 net loss at Rs 37.8 crore
31st-Oct-2007
SpiceJet has declared its second quarter results. Its Q2 net loss was at Rs 37.8 crore versus Rs 31.9 crore.
Everonn Systems Q2 net profit at Rs 2.58 crore
31st-Oct-2007
Everonn Systems has declared its second quarter results. Its Q2 consolidated net profit was at Rs 2.58 crore.
Varun Shipping Q2 net profit at Rs 57.64 crore
31st-Oct-2007
Varun Shipping has declared its second quarter results. Its Q2 net profit was at Rs 57.64 crore versus Rs 45.52 crore.
Asian Electronics Q2 net profit up at Rs 29.82 crore
31st-Oct-2007
Asian Electronics has declared its second quarter results. Its Q2 net profit was at Rs 29.82 crore versus Rs 9.95 crore.
BL Kashyap Q2 net profit at Rs 27 cr
31st-Oct-2007
BL Kashyap has announced its second quarter numbers. It has posted net profit of Rs 27 crore for the quarter ended September 2007 as against Rs 10 crore in same quarter of last year.
Ashapura Minechem Q2 net profit at Rs 39 cr
31st-Oct-2007
Ashapura Minechem has come out with second quarter numbers. It has posted net profit of Rs 39 crore for the quarter ended September 2007 as against Rs 17 crore in same quarter of last year.
Pyramid Saimira Q2 net profit at Rs 15.11 cr
31st-Oct-2007
Pyramid Saimira has come out with second quarter numbers. It has posted net profit of Rs 15.11 crore for the quarter ended September 2007 as against Rs 16 crore in previous quarter.
Patni Q3 cons net profit at Rs 99.3 cr
31st-Oct-2007
Patni Computer has announced its third quarter numbers. It has posted consolidated net profit of Rs 99.3 crore for the quarter ended September 2007 as against Rs 147.9 crore in previous quarter.
Matrix Labs Q2 net loss at Rs 9.9 cr
31st-Oct-2007
Matrix Labs in Q2 has posted consolidated net sales of Rs 376.4 crore versus Rs 373.2 crore on YoY basis. During the corresponding quarters, its net loss of Rs 9.9 crore versus net profit of Rs 15.9 crore.
Bombay Rayon Q2 net profit up at Rs 30.7 cr
31st-Oct-2007
Bombay Rayon in Q2 FY08 has reported net profit of Rs 30.7 crore versus Rs 11.1 crore, YoY. During the corresponding quarters, its net sales were at Rs 224.6 cr versus Rs 103.3 cr.
Sesa Goa Q2 net profit at Rs 82.13 cr
31st-Oct-2007
Sesa Goa has declared its second quarter earnings. It has posted net profit of Rs 82.13 crore for the quarter ended September 2007 versus Rs 25.66 crore in corresponding quarter of last year, a growth of 220%.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Bharti Airtel, India`s top telecom operator, on consolidated basis posted 87.04% growth in net profit to Rs 16,437.60 million for the quarter ended Sep. 30, 2007 as against Rs 8,788.40 million in the corresponding quarter last year.
Total Income grew 46.38% to Rs 63,867.30 million for the quarter ended Sep. 30, 2007. The company reported better-then-expected growth in standalone net profit at Rs 16,191.50 million for the September 2007 quarter as compared with Rs 8,883.50 million in the corresponding quarter last year, a rise of 82.26%,
Net sales in the quarter grew 44.94% to Rs 60,598.90 million as compared with Rs 41,809.10 for the quarter ended September 2006.Total Income in the quarter also grew 45.23% to Rs 61,185.30 million from Rs 42,129.80 million for the quarter ended September 2006.
Central Bank of India net at Rs 2.2 bn for Sep`07 qtr
Newly-listed public sector lender Central Bank of India (Q, N,C,F)* reported a net profit of Rs 2,219.50 million for the second quarter ended Sep. 30, 2007
Aarvee Denims` net down 45.49% for Sep`07 qtr
Pyramid Saimira net flops 5.59% (Q-o-Q)
Pyramid Saimira Theatres announced 5.59% drop in net profit to Rs 151.13 million for the quarter ended September 2007, as compared to a Rs 160.08 million in the June 2007 quarter.Total Income rose 19.25% to Rs 1,465.05 million for the quarter ended September 2007, where as the same was at Rs1,228.51 million for the quarter ended June 2007.
Bank of Baroda net rises 13.46% in Sep`07 qtr
Bank of Baroda a public sector bank announced a 13.46% rise in net profit to Rs 3271.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 2883.60 million for the quarter ended Sep. 30, 2006. Total Income has increased 32.94% to Rs 33,338.30 million for the quarter ended September, 2007 from Rs 25076.60 million for the quarter ended September, 2006.
CESC Q2 net profit up 35%
CESC Ltd's July-September net profit rose 35 per cent to Rs 93 crore compared with Rs 69 crore in the same quarter of previous year. Total income increased 9 per cent to Rs 756 crore from Rs 696 crore year ago. At 12:35 pm, CESC shares were up 1.62 per cent at Rs 587.20 on BSE
Era Infra net vaults 51% in Q2 31
Era Infra Engineering announced a 50.98% jump in net profit at Rs 247.19 million for the quarter ended September 2007, as compared to Rs 163.72 million for the quarter ended September 2006. Total Income increased 61.07% to Rs 2,653.30 million for the quarter ended September 2007, from Rs 1,647.29 million, for the same quarter last year.
Bombay Rayon net jumps 2.7 times in Q2
Bombay Rayon announced a 2.77 times rise in net profit to Rs 306.78 million for the quarter ended September 2007, as compared to Rs 110.76 million for the corresponding quarter, last year.Total Income rose 2.24 times to Rs 2,340.58 million for the quarter ended September 2007, where as the same was at Rs 1,045.40 million for the quarter ended September 2006.
MSK Projects net rises 40% in Q2
MSK Projects announced a 39.93% jump in net profit at Rs 24.11 million for the quarter ended September 2007, as compared to Rs 17.23 million for the quarter ended September 2006. Total Income increased 98.48% to Rs 495.43 million for the quarter ended September 2007, from Rs 249.61 million, for the same quarter last year.
Centurion Bank of Punjab net up 33% in Sep`07 qtr
Centurion Bank of Punjab, a private-sector bank announced 33.76% rise in net profit to Rs 416.40 million for the quarter ended September 2007 as compared to Rs 311.30 million for the quarter ended September 2006. Total Income rose 85.16% to Rs 6,944.40 million for the quarter ended September 2007 where as the same was at Rs 3750.30 million for the quarter ended September 2006
Su-raj Diamonds net up 33.37% in Sep`07 qtr
Asian Electronics` net up 2.99 times for Sep`07 qtr 31
Asian Electronics registered 2.99 times growth in net profit to Rs 298.20 million for the quarter ended Sep. 30, 2007, from Rs 99.50 million in the corresponding quarter last fiscal.
Net sales stood at Rs 966.10 million in the quarter ended Sep. 30, 2007, as against Rs 593.60 million in the same period last year, recording a growth of 62.75%.
Puravankara Projects net up 51.17% in Sep`07 qtr
Puravankara Projects registered a 51.17% growth in net profit to Rs 538.81 million for the quarter ended September 2007, as against Rs 356.42 million for the quarter ended June 2007.
Net sales rose 17.11% to Rs 1,410.08 million in the quarter ended September 2007, from Rs 1,204.06 million for the quarter ended June 2007.
Tata Teleservices registers loss at Rs 777.20 in HY-Sep` 07
Tata Teleservices Maharashtra (TTML) registered net loss of Rs 777.20 million for the half-year ended September 2007.Net sales stood at Rs 8,117.10 million in the half-year ended September 2007.Total income of Rs 8,365.20 million was recorded for the half-year ended September 2007.
Indus Fila net up 41.22% in Sep` 07 qtr (Q-o-Q)
Indus Fila registered a 41.22% growth in net profit to Rs 115.86 million for the quarter ended September 2007, as against Rs 82.04 million for the quarter ended June 2007.Net sales rose 35.66% to Rs 1,169.24 million in the quarter ended September 2007, from Rs 861.87 million for the quarter ended June 2007
JB Chemicals` net up 1.18% for Sep`07 qtr
Aventis Pharma Q3 net falls 31.60%
Chennai Petroleum`s net up 2.37 times for Sep`07 qtr
Vipul Q2 net jumps over two-fold at Rs 12 cr 31 Oct, 2007, 1916 hrs IST
Vipul Ltd on Wednesday reported a more than two-fold jump in its net profit at Rs 11.99 crore.
HMT Q2 net loss Rs 3.24 cr vs net profit Rs 88.09 cr 31 Oct, 2007, 1800 hrs IST
HMT Ltd posted a net loss of Rs 3.24 crore for the quarter ended September 2007 against a net profit of Rs 88.09 crore in the same quarter of the previous year.
Max India Q2 up 104 pc
Max India Ltd on Tuesday reported a jump of over 104 per cent in its consolidated operating profit at Rs 227 crore for the quarter ended September 30, as compared to Rs 111 crore in the same period last year.
ONGC Q2 net profit rises 22%
Oil & Natural Gas Corporation's net profit rose 22.12 per cent to Rs 5, 097.48 crore for the quarter ended September 30, 2007 compared with Rs 4,173.98 crore in the same quarter a year ago.
Spice exports up 29% at Rs 2,100 cr
IOC Q2 net rises 32% to Rs 3,818 cr
Bank of Baroda Jul-Sep net profit up 14%
Canara Bank Q2 net profit up 11%
Aurobindo Jul-Sept net Rs 62.06 crore
Neyveli Lignite Q2 net profit up 41%
Usha Martin's net profit rises 49 pc
Rei Agro net up 74% NEW DELHI: Rei Agro has reported 74.2% increase in net profit for the quarter ending September’07. Net profit for the diversified company having exposure into basmati rice, retailing and power rose to Rs 29.23 crore compared to Rs 16.77 crore in the corresponding period last year. Income from operations increased 91.78% to touch Rs 460.73 crore during the quarter.
Aditya Birla Nuvo Q2 cons net profit at Rs 48 crore
31st-Oct-2007Aditya Birla Nuvo has declared its second quarter results. Its Q2 consolidated net profit was at Rs 48 crore versus Rs 76 crore.
Bongaigoan Refinery Q2 net profit up at Rs 113.23 cr
31st-Oct-2007
Bongaigoan Refinery in Q2 FY08 has posted net profit of Rs 113.23 cr versus Rs 50.29 crore, up 125% on YoY basis. During the same period, its net sales were at Rs 1383.2 crore versus Rs 1754.89 crore, down 21%.
TV18 Q2 cons net profit at Rs 11.44 cr
31st-Oct-2007
Television Eighteen has announced its second quarter numbers. It has posted consolidated net profit of Rs 11.44 crore for the quarter ended September 2007 as against Rs 4.46 crore in previous quarter.
GBN Q2 net loss at Rs 5.81 cr
31st-Oct-2007
Global Broadcast News (GBN) has announced its second quarter numbers. It has posted net loss of Rs 5.81 crore for the quarter ended September 2007 as against Rs 12.59 crore in same quarter of last year and Rs 3.49 crore in previous quarter.
IVR Prime Q2 net profit up at Rs 15.9 crore
31st-Oct-2007
IVR Prime has declared its second quarter results. Its Q2 net profit was at Rs 15.9 crore versus Rs 1.5 crore, QoQ.
Indraprastha Gas Q2 net profit up at Rs 42.8 cr
31st-Oct-2007
Indraprastha Gas in Q2 FY08 has reported net profit of Rs 42.8 cr Vs Rs 34.8 cr, YoY. During the corresponding quarters, its net sales were up at Rs 174 crore versus Rs 154.2 crore.
Indraprastha Gas Q2 net profit up at Rs 42.8 cr
31st-Oct-2007
Indraprastha Gas in Q2 FY08 has reported net profit of Rs 42.8 cr Vs Rs 34.8 cr, YoY. During the corresponding quarters, its net sales were up at Rs 174 crore versus Rs 154.2 crore.
Gammon Q2 net profit at Rs 17.1 cr
31st-Oct-2007
Gammon in Q2 FY08 has repoerted standalone net profit of Rs 17.1 crore versus Rs 26.2 crore, YoY. During the corresponding quarters, its net sales were up at Rs 460.3 crore versus Rs 378.4 crore.
AIA Engg Q2 cons net profit at Rs 27.3 cr
31st-Oct-2007
AIA Engineering has come out with second quarter numbers. It has posted consolidated net profit of Rs 27.3 crore for the quarter ended September 2007 as against Rs 24.1 crore in same quarter of last year.
Amtek Auto Sep qtr net profit up at Rs 63.9 cr
31st-Oct-2007
Amtek Auto in Q1 FY08 has reported net sales of Rs 311.7 crore versus Rs 236.3 crore, YoY. During the corresponding quarters, its net profit was up at Rs 63.8 crore versus Rs 50.9 crore, YoY.
McLeod Russel Q2 net profit at Rs 89 cr
31st-Oct-2007
McLeod Russel has declared its second quarter reuslts. The company's Q2 net profit was at Rs 89 crore (Rs 890 million) from Rs 100 crore (Rs 10 billion).
SpiceJet Q2 net loss at Rs 37.8 crore
31st-Oct-2007
SpiceJet has declared its second quarter results. Its Q2 net loss was at Rs 37.8 crore versus Rs 31.9 crore.
Everonn Systems Q2 net profit at Rs 2.58 crore
31st-Oct-2007
Everonn Systems has declared its second quarter results. Its Q2 consolidated net profit was at Rs 2.58 crore.
Varun Shipping Q2 net profit at Rs 57.64 crore
31st-Oct-2007
Varun Shipping has declared its second quarter results. Its Q2 net profit was at Rs 57.64 crore versus Rs 45.52 crore.
Asian Electronics Q2 net profit up at Rs 29.82 crore
31st-Oct-2007
Asian Electronics has declared its second quarter results. Its Q2 net profit was at Rs 29.82 crore versus Rs 9.95 crore.
BL Kashyap Q2 net profit at Rs 27 cr
31st-Oct-2007
BL Kashyap has announced its second quarter numbers. It has posted net profit of Rs 27 crore for the quarter ended September 2007 as against Rs 10 crore in same quarter of last year.
Ashapura Minechem Q2 net profit at Rs 39 cr
31st-Oct-2007
Ashapura Minechem has come out with second quarter numbers. It has posted net profit of Rs 39 crore for the quarter ended September 2007 as against Rs 17 crore in same quarter of last year.
Pyramid Saimira Q2 net profit at Rs 15.11 cr
31st-Oct-2007
Pyramid Saimira has come out with second quarter numbers. It has posted net profit of Rs 15.11 crore for the quarter ended September 2007 as against Rs 16 crore in previous quarter.
Patni Q3 cons net profit at Rs 99.3 cr
31st-Oct-2007
Patni Computer has announced its third quarter numbers. It has posted consolidated net profit of Rs 99.3 crore for the quarter ended September 2007 as against Rs 147.9 crore in previous quarter.
Matrix Labs Q2 net loss at Rs 9.9 cr
31st-Oct-2007
Matrix Labs in Q2 has posted consolidated net sales of Rs 376.4 crore versus Rs 373.2 crore on YoY basis. During the corresponding quarters, its net loss of Rs 9.9 crore versus net profit of Rs 15.9 crore.
Bombay Rayon Q2 net profit up at Rs 30.7 cr
31st-Oct-2007
Bombay Rayon in Q2 FY08 has reported net profit of Rs 30.7 crore versus Rs 11.1 crore, YoY. During the corresponding quarters, its net sales were at Rs 224.6 cr versus Rs 103.3 cr.
Sesa Goa Q2 net profit at Rs 82.13 cr
31st-Oct-2007
Sesa Goa has declared its second quarter earnings. It has posted net profit of Rs 82.13 crore for the quarter ended September 2007 versus Rs 25.66 crore in corresponding quarter of last year, a growth of 220%.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Results: RCom, HindalCo, Tata Motors, HUL etc
Reliance Comm (cons.) net up 86% in Q2 (Update)
Reliance Communications on a consolidated basis posted a 85.75% jump in net profit at Rs 13045.70 million for the quarter ended September 2007, as compared to Rs 7,023.40 million for the same quarter last year.Total Income increased 29.85% to Rs 45,785.30 million for the quarter ended September 2007, as against Rs 35259.80 million for the corresponding quarter of the previous year.
Reliance Communications, on a standalone basis posted 73.53% rise in profit of Rs 8,012.40 million for the quarter ended September 2007, as compared to Rs 4617.20 million for the quarter ended September 2006.
Net Sales rose to Rs 33,283.90 million for the quarter as compared to Rs 28,231.90 million a year ago.Total Income increased 17.28% to Rs 33,292.10 million for the quarter ended September 2007 from Rs 28387.20 million for the quarter ended September 2006.The diluted EPS stood at Rs 3.71 for the quarter.
STC net dips 41.57% in Sep`07 qtr
State Trading Corporation of India reported 41.57% decline in net profit to Rs 106.10 million for the quarter ended September 2007, as against Rs 181.60 million for the quarter ended September 2006.Net sales declined 1.74% to Rs 35,333.90 million in the quarter ended September 2007, from Rs 35,961.80 million for the quarter ended September 2006.
Aditya Birla Nuvo net up 2.08% in Sep`07 qtr
Bombay Dyeing Q2 earnings jumps 39.28%
substantial growth of 39.28% in net profit for the quarter ended September 2007, paced by strong sales growth together with 186 basis points increase in operating margins. During the quarter, the company saw a rise in net profit to Rs 142.9 million from Rs 102.6 million in the same quarter of the previous year. Earnings per share for the quarter jumped 39.10% Rs 3.7 compared with the same quarter previous year,
Tata Motors net up 19.27% for Sep`07 qtr
Tata Motors, top passenger car maker, reported better-then-expected 19.27% growth in net profit at Rs 5,268.40 million for the September 2007 quarter as compared with Rs 4,417.20 million in the corresponding quarter last year.
Net sales for the quarter stood almost flat at Rs 66,726.50 million, as compared with Rs 65,717.90 for the quarter ended September 2006
Canara Bank Q2 earnings climb 11%
profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 4,015.7 million from Rs 3,617.7 million in the same quarter of the previous year. Earnings per share for the quarter fell marginally by 0.34% Rs 8.79 compared with the same quarter previous year.
Sterling Biotech net up 36.76% in Sep`07 qtr
Sterling Biotech registered a robust growth of 36.76% in net profit to Rs 498.32 million for the quarter ended September 2007 as compared with Rs 364.36 million for the corresponding quarter last year.Net sales for the quarter rose 54.35% to Rs 2,484.56 million as against Rs 1,609.69 million for the same quarter a year ago.
Essar Steel Q2 net falls marginally by 1.51%
Essar Steel registered a marginal fall of 1.51% in net profit for the quarter ended September 2007, due to 171 basis points fall in operating margin.During the quarter, the company saw a fall in net profit to Rs 1,520.10 million from Rs 1,543.40 million in the same quarter of the previous year. Earnings per share for the quarter fell 28.26% Rs 1.32 compared with the same quarter previous year.
Prithvi Information Q2 earnings climb 21.67% 31
Prithvi Information Solutions registered a growth of 21.67% in net profit for the quarter ended September 2007, helped by robust sales growth. During the quarter, the company saw a rise in net profit to Rs 269.54 million from Rs 221.54 million in the same quarter of the previous year. The company posted diluted earnings per share of Rs 12.03 in the quarter ended September 2007.
Mirc Electronics`net up 6.84% Sep`07 qtr
Nagarjuna Cons. net down 14.45% in Q2
Nagarjuna Construction posted a 14.45% drop in net profit at Rs 336.50 million for the quarter ended September 2007 as compared to Rs 393.35 million for the quarter ended September 2006. Total Income increased 3.81% to Rs 6,775.30 million for the quarter ended September 2007, from Rs 6,526.39 million for the quarter ended September 2006.
IVRCL net up 2.26 times in Sep`07 qtr
substantial 2.26 times growth in net profit to Rs 352.51 million for the quarter ended September 2007 as compared with Rs 155.67 million for the corresponding quarter last year.
Net sales for the quarter rose 87.89% to Rs 6,884.54 million, as against Rs 3,664.13 million for the same quarter a year ago.
Power Grid reports Q2 earnings of Rs 3,712.20 mn
Newly listed India`s biggest power transmission company, Power Grid Corporation of India based in New Delhi reported a net profit of Rs 3,712.20 million in the quarter ended September 07. The total income of the company was Rs 11,081 million for the quarter ended Sep. 30, 2007.Power Grid operates most of India`s interstate and inter-regional electric power transmission system (ISTS). It operates 61,875 circuit kilometres of electrical transmission lines and 106 electrical substations as on Jun. 30, 2007. In fiscal 2007, it transmitted nearly 298 billion units of electricity, representing nearly 45% of all the power generated in India. It has completed 101 transmission projects aggregating nearly Rs 251.81 billion. Presently, it has 45 transmission projects under various stages of implementation as on Jun. 30, 2007.
Hyderabad Ind net up 68.5% in Q2
Hyderabad Industries posted a 68.57% rise in net profit at Rs 11.80 million for the quarter ended September 2007 as compared to Rs 7.00 million for the quarter ended September 2006. Total Income increased 6.89% to Rs 949.80 million for the quarter ended September 2007, from Rs 1,015.30 million for the quarter ended September 2006.
HUL Q3 earnings fall 21.6% (Update)
BPCL net down 17.50% in Sep`07 qtr
Neyveli Lignite net up 41% in Q2 (Update)
Neyveli Lignite posted a 40.98% rise in net profit at Rs 2,310.40 million for the quarter ended September 2007 as compared to Rs 1,638.80 million for the quarter ended September 2006.
Total Income has increased 20.19% to Rs 8820.80 million for the quarter ended September 2007, from Rs 7339.00 million for the quarter ended September 2006.
Net Sales rose to Rs 7,277.70 million for the quarter as compared to Rs 6,079.20 million a year ago.
Usha Martin Q2 net zooms 51.18%
Usha Martin, a leading producer of speciality steel and one of the largest wire rope manufacturers globally, registered a robust growth of 51.18% in net profit for the quarter ended September 2007.During the quarter, the company saw a rise in net profit to Rs 358.60 million from Rs 237.20 million in the same quarter of the previous year. Earnings per share for the quarter dropped 73.32% Rs 1.43 compared with the same quarter previous year.
HTMT Global net rises 25% in Sep`07
MTNL net falls 13.77% in Sep`07 qtr
VSNL Q2 net drops 42.59%
Birla Corp. net up 52.69% in Sep`07 qtr
Birla Corporation registered a robust 52.69% growth in net profit to Rs 1,031.30 million for the quarter ended September 2007 as compared with Rs 675.40 million for the corresponding quarter last year.
Aurobindo Pharma net climbs 84% for Sep`07 qtr
Hyderabad-based Aurobindo Pharma, (Q, N,C,F)* leading API manufacturer, posted a robust 84.70% growth in net profit to Rs 1,009.20 million for the September 2007 quarter as compared with Rs 546.40 million in the corresponding quarter last year.
Net sales for the quarter grew 27.41% to Rs 6,116.00 million, as compared with Rs 4,800 for the quarter ended September 2006.
Hindalco Q2 net rises 7.56%
Leading manufacturer of aluminium and copper, Hindalco Industries registered a marginal growth of 7.56% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 6,428 million from Rs 5,976 million in the same quarter of the previous year. Earnings per share for the quarter fell 4.62% Rs 5.78 compared with the same quarter previous year
Videocon Industries net up 19.03% in Sep`07 qtr
Videocon Industries registered a 19.03% growth in net profit to Rs 2,482.30 million for the quarter ended September 2007, as against Rs 2,085.40 million for the same quarter, a year ago.
Net sales rose 10.56% to Rs 22,753.80 million in the quarter, from Rs 20,581.10 million for the same quarter, last year.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.moneycontrol.com www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
HindalCo,
HUL etc,
Results: RCom,
Tata Motors
30 October 2007
VC,PE Updates
VCcircle.com
Diagnostic Equipment Company Trivitron Raises $11M From HSBC PE, ePlanet Ventures
JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M
Maruti MD Jagdish Khattar To Become An Entrepreneur
Mundra Port and Special Economic Zone To Raise $450M From IPO
Ocimum Bio Buys Gene Logic’s Genomic Business For $10 Million
Orissa Parliamentarian’s Company Ortel Plans To Raise Rs 200 Crore Private Equity
Amit Burman To Set Up Quick Service Food Retail Business
Valecha Infrastructure To Raise $25 Million
M&A Roundup: Abhishek Auto, Deepak Roy, id8 Labs
PTC Financial Services To Get Rs 120 Crore From Goldman Sachs, Macquarie Bank
Genpact Has Reportedly Snagged Citigroup BPO
New York Investment Bank Jefferies Enters India; Sets Up Rep Office In New Delhi
Sequoia Capital India Invests $6.25 Million In Printo Document Services
Science & Tech Ministry, TiE And ISB Plan Rs 75 Crore Seed Fund
---------------------------------------------------
Indiape.com
Sintex buys 100% stake in France-based Nief
Cisco extends venture investment in India by another 100 mln usd
JPMorgan Starts $2 Billion India Infrastructure Fund
Google India boosts VC investments
Ortel eyes private equity investors
PE firms in fray to pick 40 pc stake in Valecha Infrastructure
Fin Tech keen on 5% stake in three bourses
Sical Infra Asset' proposal for PE funding hangs fire
Protego to raise up to $400 million for Indian office development fund
Future Group to pick 15% stake in Percept Holdings
BoR to raise 150 cr preferential equity from Indus Capital and Max India
Promethean Indian Fund picks 8.57 pc stake in Nitco Tiles
KSS buys 50% in Abhishek Auto
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
Diagnostic Equipment Company Trivitron Raises $11M From HSBC PE, ePlanet Ventures
JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M
Maruti MD Jagdish Khattar To Become An Entrepreneur
Mundra Port and Special Economic Zone To Raise $450M From IPO
Ocimum Bio Buys Gene Logic’s Genomic Business For $10 Million
Orissa Parliamentarian’s Company Ortel Plans To Raise Rs 200 Crore Private Equity
Amit Burman To Set Up Quick Service Food Retail Business
Valecha Infrastructure To Raise $25 Million
M&A Roundup: Abhishek Auto, Deepak Roy, id8 Labs
PTC Financial Services To Get Rs 120 Crore From Goldman Sachs, Macquarie Bank
Genpact Has Reportedly Snagged Citigroup BPO
New York Investment Bank Jefferies Enters India; Sets Up Rep Office In New Delhi
Sequoia Capital India Invests $6.25 Million In Printo Document Services
Science & Tech Ministry, TiE And ISB Plan Rs 75 Crore Seed Fund
---------------------------------------------------
Indiape.com
Sintex buys 100% stake in France-based Nief
Cisco extends venture investment in India by another 100 mln usd
JPMorgan Starts $2 Billion India Infrastructure Fund
Google India boosts VC investments
Ortel eyes private equity investors
PE firms in fray to pick 40 pc stake in Valecha Infrastructure
Fin Tech keen on 5% stake in three bourses
Sical Infra Asset' proposal for PE funding hangs fire
Protego to raise up to $400 million for Indian office development fund
Future Group to pick 15% stake in Percept Holdings
BoR to raise 150 cr preferential equity from Indus Capital and Max India
Promethean Indian Fund picks 8.57 pc stake in Nitco Tiles
KSS buys 50% in Abhishek Auto
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
Corporates Stories from ET
Participatory notes not desirable: Y V Reddy
Mukesh Ambani becomes world's richest man
Ambani not so rich after all, says company
Fired NRI engineer gets $5.5 mn over racist remarks
Moderation in bank credit to commercial sector: RBI
ICICI Bank says interest rate cuts could stop
Singapore's Orient Global picks up 4.99 pc stake in Yes Bank
L&T bags Rs 5k-cr city airport revamp deal
SAIL to invest in downstream projects
Reddy's red-alert: Global liquidity may flow in
Diversified equity funds top Sensex show
UB (Holdings) plans to raise up to Rs 13.2 bn
MF assets touch Rs 500,000 crore
Polaris launches software testing lab in Sydney
Infosys pursuing 15 overseas deals each worth $100 mn plus
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Mukesh Ambani becomes world's richest man
Ambani not so rich after all, says company
Fired NRI engineer gets $5.5 mn over racist remarks
Moderation in bank credit to commercial sector: RBI
ICICI Bank says interest rate cuts could stop
Singapore's Orient Global picks up 4.99 pc stake in Yes Bank
L&T bags Rs 5k-cr city airport revamp deal
SAIL to invest in downstream projects
Reddy's red-alert: Global liquidity may flow in
Diversified equity funds top Sensex show
UB (Holdings) plans to raise up to Rs 13.2 bn
MF assets touch Rs 500,000 crore
Polaris launches software testing lab in Sydney
Infosys pursuing 15 overseas deals each worth $100 mn plus
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Results on Wednesday
Results Calender from India earnings.com
3M India 31-Oct-07
Aarti Industrie 31-Oct-07
Accel Frontline 31-Oct-07
Accel Transmati 31-Oct-07
AdityaBirlaNuvo 31-Oct-07
Aftek 31-Oct-07
Agro Dutch Ind 31-Oct-07
Ahmednagar Forg 31-Oct-07
AIA Engineering 31-Oct-07
Alok Industries 31-Oct-07
Amar Remedies 31-Oct-07
Ambica Agar 31-Oct-07
Amtek India 31-Oct-07
Ankur Drugs 31-Oct-07
Ansal Housing 31-Oct-07
Ansal Propertie 31-Oct-07
Antarctica Grap 31-Oct-07
Aptech 31-Oct-07
Archies 31-Oct-07
Artefact 31-Oct-07
Arvind Remedies 31-Oct-07
Ashtavinayak 31-Oct-07
Assam Company 31-Oct-07
Astra Microwave 31-Oct-07
Atcom Tech 31-Oct-07
Atlas Cycles 31-Oct-07
Aurobindo Pharm 31-Oct-07
AXIS IT&T 31-Oct-07
BAG Films 31-Oct-07
Bank of Baroda 31-Oct-07
Berger Paints 31-Oct-07
Bharti Airtel 31-Oct-07
Biofil Chem 31-Oct-07
Birla Corp 31-Oct-07
Birla Power Sol 31-Oct-07
Birla VXL 31-Oct-07
Blue Blends 31-Oct-07
Blue Coast 31-Oct-07
Blue Star Info 31-Oct-07
Bombay Dyeing 31-Oct-07
Bombay Poly 31-Oct-07
BPCL 31-Oct-07
BPL Engineering 31-Oct-07
BSEL Infra 31-Oct-07
BSL 31-Oct-07
C S Software 31-Oct-07
Cambridge Tech 31-Oct-07
Canara Bank 31-Oct-07
Carol Info 31-Oct-07
Celebrity Fash 31-Oct-07
Central Bank 31-Oct-07
Cepham Milk 31-Oct-07
CESC 31-Oct-07
CFL Capital 31-Oct-07
Chemplast Sanma 31-Oct-07
Cinemax India 31-Oct-07
Cinevista Comm 31-Oct-07
Compulink 31-Oct-07
Computech Inter 31-Oct-07
Consol Finvest 31-Oct-07
Cosmo Films 31-Oct-07
Creative Eye 31-Oct-07
DCB 31-Oct-07
Deccan Aviation 31-Oct-07
Donear Ind 31-Oct-07
Duncans Industr 31-Oct-07
Elgi Tread 31-Oct-07
Emami 31-Oct-07
Emtex Industrie 31-Oct-07
ESS DEE 31-Oct-07
Essar Oil 31-Oct-07
Essar Steel 31-Oct-07
Eurotex 31-Oct-07
Eveready Ind 31-Oct-07
Financial Tech 31-Oct-07
Ganesh Housing 31-Oct-07
Gangotri Textil 31-Oct-07
Garware Marine 31-Oct-07
GBN 31-Oct-07
Genesys Int 31-Oct-07
Glenmark 31-Oct-07
Glory Polyfilms 31-Oct-07
Goldiam Inter 31-Oct-07
Grand Foundry 31-Oct-07
GTN Textiles 31-Oct-07
Guj Sidhee Cem 31-Oct-07
Hanil Era Tex 31-Oct-07
Harrisons Malay 31-Oct-07
HFCL 31-Oct-07
Hind Dorr-Olive 31-Oct-07
Hind Syntex 31-Oct-07
Hindalco 31-Oct-07
HMT 31-Oct-07
HTMT Global Sol 31-Oct-07
HUL 31-Oct-07
Hyderabad Ind 31-Oct-07
IFB Industries 31-Oct-07
IFGL Refractory 31-Oct-07
Impex FerroTech 31-Oct-07
Ind Motor Parts 31-Oct-07
India Foils 31-Oct-07
Indian Hume Pip 31-Oct-07
Indo Asian Fuse 31-Oct-07
Indoco Remedies 31-Oct-07
Infomedia India 31-Oct-07
Int Conveyor 31-Oct-07
IOL Broadband 31-Oct-07
Ispat Industrie 31-Oct-07
ITD Cementation 31-Oct-07
IVP 31-Oct-07
IVR Prime 31-Oct-07
IVRCL Infras 31-Oct-07
Jai Balaji Ind 31-Oct-07
Jayshree Tea 31-Oct-07
JCT Electronics 31-Oct-07
JD Orgochem 31-Oct-07
JHS Svendgaard 31-Oct-07
Jindal Photo 31-Oct-07
Jindal PolyFilm 31-Oct-07
K Sera Sera 31-Oct-07
Karuna Cable 31-Oct-07
KCP 31-Oct-07
KCP Sugar 31-Oct-07
KEC Int 31-Oct-07
KEI Industries 31-Oct-07
Kesar Enterpris 31-Oct-07
Khaitan Electri 31-Oct-07
Khoday India 31-Oct-07
Kinetic Motor 31-Oct-07
KLK Electrical 31-Oct-07
KND Engineering 31-Oct-07
Liberty Shoes 31-Oct-07
Lloyds Steel 31-Oct-07
Lyka Labs 31-Oct-07
Madhucon Projec 31-Oct-07
Malwa Cotton 31-Oct-07
Mangalore Chem 31-Oct-07
Marksans Pharma 31-Oct-07
Maxwell Apparel 31-Oct-07
Mcleod Rus 31-Oct-07
Mcnally Bh Engg 31-Oct-07
Media Video 31-Oct-07
Melstar Info 31-Oct-07
Motor and Gen F 31-Oct-07
MSP Steel 31-Oct-07
MTNL 31-Oct-07
Munjal Auto Ind 31-Oct-07
Nagarjuna Const 31-Oct-07
Nalwa Sons Inv 31-Oct-07
Namaste Exports 31-Oct-07
Navin Fluorine 31-Oct-07
Netflier Finco 31-Oct-07
Network 18 Fin 31-Oct-07
Neyveli Lignite 31-Oct-07
Nicco Corp 31-Oct-07
Nilkamal 31-Oct-07
Nissan Copper 31-Oct-07
NK Industries 31-Oct-07
Norben Tea 31-Oct-07
Northgate Tech 31-Oct-07
Nova Iron & Ste 31-Oct-07
NRB Bearings 31-Oct-07
Nucent Finance 31-Oct-07
Oswal Agro 31-Oct-07
Oswal ChemandFe 31-Oct-07
P and G 31-Oct-07
Padmalaya Tele 31-Oct-07
Paradyne Info 31-Oct-07
Paras Petro 31-Oct-07
Parekh Platinum 31-Oct-07
Patni Computer 31-Oct-07
Patspin India 31-Oct-07
Pearl EngPolyme 31-Oct-07
Pearl Polymers 31-Oct-07
Pentamedia 31-Oct-07
Percot Mills 31-Oct-07
Petron Eng Cons 31-Oct-07
Phillips Carbon 31-Oct-07
Plethico Pharma 31-Oct-07
Pochiraju Ind 31-Oct-07
Polar Ind 31-Oct-07
Polyplex Corp 31-Oct-07
Power Grid Corp 31-Oct-07
Prithvi Info 31-Oct-07
Pritish Nandy 31-Oct-07
Punj Lloyd 31-Oct-07
Radico Khaitan 31-Oct-07
Raj Rayon 31-Oct-07
Rajshree Sugars 31-Oct-07
Rajvir Ind 31-Oct-07
Ramco System 31-Oct-07
Rana Sugars 31-Oct-07
Regency Ceramic 31-Oct-07
Reliance Comm 31-Oct-07
RS Software 31-Oct-07
RSWM 31-Oct-07
Ruchi Soya 31-Oct-07
Ruchinfra 31-Oct-07
Sabero Organics 31-Oct-07
Sah Petroleums 31-Oct-07
SAL Steel 31-Oct-07
Sanra Software 31-Oct-07
Saregama India 31-Oct-07
Satvahana Ispat 31-Oct-07
Shah Alloys 31-Oct-07
Sharyans Res 31-Oct-07
Shell Mercant 31-Oct-07
Shivalik Global 31-Oct-07
Shree Precoated 31-Oct-07
Shriram City 31-Oct-07
Shyam Telecom 31-Oct-07
SIL Invest 31-Oct-07
Siyaram Silk 31-Oct-07
Soma Textile 31-Oct-07
Spentex Ind 31-Oct-07
Sree Rayalaseem 31-Oct-07
SRHHL Industr 31-Oct-07
STC India 31-Oct-07
Steel Tubes 31-Oct-07
Sterling Bio 31-Oct-07
Suave Hotels 31-Oct-07
Subhash Project 31-Oct-07
Sunflag Iron 31-Oct-07
Sunil HitechEng 31-Oct-07
Super Forgings 31-Oct-07
Suryalakshmi Co 31-Oct-07
Taj GVK Hotels 31-Oct-07
Talbros Auto 31-Oct-07
Tamil Telecom 31-Oct-07
Tata Motors 31-Oct-07
Technocraft Ind 31-Oct-07
Todays Writi 31-Oct-07
Tokyo Plast Int 31-Oct-07
Trigyn Tech 31-Oct-07
Tube Investment 31-Oct-07
TV 18 31-Oct-07
Tyche Periph 31-Oct-07
Uniply Ind 31-Oct-07
United Spirits 31-Oct-07
Upper Ganges Su 31-Oct-07
Usha Martin 31-Oct-07
Usha Martin Inf 31-Oct-07
Vaibhav Gems 31-Oct-07
Venkys 31-Oct-07
Videocon Appl 31-Oct-07
Videocon Indust 31-Oct-07
Visa Steel 31-Oct-07
Visaka Ind 31-Oct-07
Visesh Infotech 31-Oct-07
Vivimed Labs 31-Oct-07
VSNL 31-Oct-07
Wanbury 31-Oct-07
Webel SL Energy 31-Oct-07
Weizmann 31-Oct-07
Wellwin Industr 31-Oct-07
Winsome Yarns 31-Oct-07
WS Industries 31-Oct-07
XL Telecom 31-Oct-07
Zenith Birla 31-Oct-07
Zenithexpo 31-Oct-07
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
3M India 31-Oct-07
Aarti Industrie 31-Oct-07
Accel Frontline 31-Oct-07
Accel Transmati 31-Oct-07
AdityaBirlaNuvo 31-Oct-07
Aftek 31-Oct-07
Agro Dutch Ind 31-Oct-07
Ahmednagar Forg 31-Oct-07
AIA Engineering 31-Oct-07
Alok Industries 31-Oct-07
Amar Remedies 31-Oct-07
Ambica Agar 31-Oct-07
Amtek India 31-Oct-07
Ankur Drugs 31-Oct-07
Ansal Housing 31-Oct-07
Ansal Propertie 31-Oct-07
Antarctica Grap 31-Oct-07
Aptech 31-Oct-07
Archies 31-Oct-07
Artefact 31-Oct-07
Arvind Remedies 31-Oct-07
Ashtavinayak 31-Oct-07
Assam Company 31-Oct-07
Astra Microwave 31-Oct-07
Atcom Tech 31-Oct-07
Atlas Cycles 31-Oct-07
Aurobindo Pharm 31-Oct-07
AXIS IT&T 31-Oct-07
BAG Films 31-Oct-07
Bank of Baroda 31-Oct-07
Berger Paints 31-Oct-07
Bharti Airtel 31-Oct-07
Biofil Chem 31-Oct-07
Birla Corp 31-Oct-07
Birla Power Sol 31-Oct-07
Birla VXL 31-Oct-07
Blue Blends 31-Oct-07
Blue Coast 31-Oct-07
Blue Star Info 31-Oct-07
Bombay Dyeing 31-Oct-07
Bombay Poly 31-Oct-07
BPCL 31-Oct-07
BPL Engineering 31-Oct-07
BSEL Infra 31-Oct-07
BSL 31-Oct-07
C S Software 31-Oct-07
Cambridge Tech 31-Oct-07
Canara Bank 31-Oct-07
Carol Info 31-Oct-07
Celebrity Fash 31-Oct-07
Central Bank 31-Oct-07
Cepham Milk 31-Oct-07
CESC 31-Oct-07
CFL Capital 31-Oct-07
Chemplast Sanma 31-Oct-07
Cinemax India 31-Oct-07
Cinevista Comm 31-Oct-07
Compulink 31-Oct-07
Computech Inter 31-Oct-07
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RBI Credit policy
In a somewhat more hawkish stance compared to June last, the half-yearly monetary policy review of the Reserve Bank of India has kept the policy rates unchanged. It did not announced any changed in the repo and reverse repo rates. The banks rates have also been kept unchanged at 6%. The CRR is up by 50 basis points to 7.5 %. RBI keeps the GDP forecasts unchanged at 8.5%. The inflation target for FY08 stand at 5%.
Emphasising, on the need to manage capital inflows, the Bank said .surplus liquidity needs to be handled as priority.RBI Governor, Dr YVR Reddy clearly underlined the threat to inflation from external inflows. It further said that the money supply is expanding at 17-17.5%. The policy has taken a special note of the irregularities in banks’ real estate exposure.. Dr Reddy expressed concerns on excessive lending to real estate sector. Some highlights: Gross domestic product growth forecast for 2007-08 maintained at 8.5 per cent, assuming no further escalation in crude oil prices and barring domestic or external shocks.
Inflation target for FY08 maintained at 5.0 per cent while resolving to condition expectations in 4.0-4.5 per cent range, with a medium-term objective of 3.0 per cent. Moderate net capital flows so that money supply is not persistently out of alignment with indicative projection of 17.0-17.5 per cent. Covering of ‘Short-sale’ and ‘When Issued’ transactions to be permitted outside the Negotiated Dealing System – Order Matching system. Non-deposit taking NBFCs to be considered ‘qualified entities’ for accessing the NDS-OM using the constituents’ Subsidiary General Ledger route. Reinstatement of the eligible limits under the past performance route for hedging facility to be permitted.
Oil companies permitted to hedge foreign exchange exposures by using overseas over-the-counter/ exchange traded derivatives up to a maximum of one year forward. Importers and exporters having foreign currency exposures allowed to write covered call and put options in both foreign currency/ rupee and cross currency and receive premia. Deposit rate ahead of the 4.9 lakh crore target for FY08. Currency markets see a tentative return to normalcy. The RBI also withdrew the ceiling of Rs 3,000 crore on daily reverse repo under the LAF from August 6, 2007.
Market Reacts after the policy announcements: Though it is a non-event for the equity markets , the Sensex lost 100 points soon after the policy announcements, while the NSE Nifty traded flat. Bond markets too be negatively impacted by the hike in CRR. Experts speak on RBI’s monetary policy review: : The policy this time is a measure to manage liquidity in the system. The recent reduction in the interest rates by some banks will finally stop and we expect the rates to stay where they are for some more time due to hike in the CRR, Says Chanda Kochar, executive director, ICICI Bank. Expects some easing in retail rates: HDFC Bank.
Highlights/ Key takeaways from RBI's credit Policy announcement:
CRR Hiked To 7.5% By 50 Bps
Repo, Reverse Repo, Bank Rate Rates Left Unchanged
RBI Ready To Take Steps Given Global Uncertainties & Unconventional Policy Responses To Developments
GDP Growth Target Unchanged At 8.5%
Inflation Target Maintained At 5%
Reiterates Resolve To Lower Inflation To 4-4.5%, Going Forward
Medium Target for inflation rate is 3%
Money Supply Target Retained at 17-17.5%
Credit growth has slipped to projected level of 24-25%;
Need to moderate expansionary effects of capital flows so that money supply doesn't exceed target
RBI Retains Option To conduct overnight or Longer term Repos
Biggest Challenge For RBI is excess money supply due of Capital Flows
Inflation Expectations Well-Anchored
Risk To Inflation From Liquidity Infusion By global Central Banks
Risks Inflation Also From Crude and Chinese Demand
Risks to Inflation to Dominate Policy in the Next 12-18 months
Inflation risks From Oil Prices remain Incipient
Asset Prices High, But Some Evidence Of Stable Real Estate Prices
Recent Events in Financial Markets show concern for fincl stability can assume overriding Importance
Agriculture Growing Above Trend, Industry & Services Shows slight slackening
Another Oil Price hike seems Reasonable
Fiscal Consolidation Under Strain on High Interest Payments & Subsidies
Revenue Deficit For Apr-Aug at 123% of estimates vs 94% year ago
H1 Current A/C Deficit Expected to Have Been Contained At Year Ago Level
Non competitive bidding for state loans to be permitted by March 2008
State govts may prepay Power bonds from April 2008 onwards
New system of valuing and issuing floating rate bonds by Mach 2008
Committed to Allowing Repos in Corp Bonds, when safe settlement, DvP is in place
Permits short sale & When Issued Deals Outside of NDS-OM System
Non Deposit Taking NBFCs can access NDS-OM through CSGL Route
Oil Cos Can Hedge 50% of their Inventory using OTC Derivative products
Importers, exporters may write covered call and put options
Importers, Exporters may write in rupee & cross currency and receive premia
Banks permitted to Run Cross Currency Options Books; Subject to RBI Nod
Banks permitted to offer American options
Final Guidelines for Banking Holding Cos to be Issued By End –Nov
Final Guidelines on Credit Default Swaps To Be Issued By End Nov
May Bank Errant Banks from engaging recovery Agents; Ban Likely On Banks against which Court's Have Issued Penalties .....
Other related stories:
RBI move aimed at curbing excess liquidity: FM
CRR hike to absorb Rs 16K cr excess liquidity in system: Y V Reddy
RBI blocks rupee near 9-½ yr peak
RBI hikes CRR to 7.5%; other key rates unchanged
Mkt ends in red amid volatility post new credit policy
How experts review the Credit Policy
CRR hike to discourage slacken interest rates
FM supports RBI move on CRR hike
RBI cautions on high oil, food prices
Brokers`Outlook: Market to open flat tomorrow
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.moneycontrol.com www.theeconomictimes.com www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Emphasising, on the need to manage capital inflows, the Bank said .surplus liquidity needs to be handled as priority.RBI Governor, Dr YVR Reddy clearly underlined the threat to inflation from external inflows. It further said that the money supply is expanding at 17-17.5%. The policy has taken a special note of the irregularities in banks’ real estate exposure.. Dr Reddy expressed concerns on excessive lending to real estate sector. Some highlights: Gross domestic product growth forecast for 2007-08 maintained at 8.5 per cent, assuming no further escalation in crude oil prices and barring domestic or external shocks.
Inflation target for FY08 maintained at 5.0 per cent while resolving to condition expectations in 4.0-4.5 per cent range, with a medium-term objective of 3.0 per cent. Moderate net capital flows so that money supply is not persistently out of alignment with indicative projection of 17.0-17.5 per cent. Covering of ‘Short-sale’ and ‘When Issued’ transactions to be permitted outside the Negotiated Dealing System – Order Matching system. Non-deposit taking NBFCs to be considered ‘qualified entities’ for accessing the NDS-OM using the constituents’ Subsidiary General Ledger route. Reinstatement of the eligible limits under the past performance route for hedging facility to be permitted.
Oil companies permitted to hedge foreign exchange exposures by using overseas over-the-counter/ exchange traded derivatives up to a maximum of one year forward. Importers and exporters having foreign currency exposures allowed to write covered call and put options in both foreign currency/ rupee and cross currency and receive premia. Deposit rate ahead of the 4.9 lakh crore target for FY08. Currency markets see a tentative return to normalcy. The RBI also withdrew the ceiling of Rs 3,000 crore on daily reverse repo under the LAF from August 6, 2007.
Market Reacts after the policy announcements: Though it is a non-event for the equity markets , the Sensex lost 100 points soon after the policy announcements, while the NSE Nifty traded flat. Bond markets too be negatively impacted by the hike in CRR. Experts speak on RBI’s monetary policy review: : The policy this time is a measure to manage liquidity in the system. The recent reduction in the interest rates by some banks will finally stop and we expect the rates to stay where they are for some more time due to hike in the CRR, Says Chanda Kochar, executive director, ICICI Bank. Expects some easing in retail rates: HDFC Bank.
Highlights/ Key takeaways from RBI's credit Policy announcement:
CRR Hiked To 7.5% By 50 Bps
Repo, Reverse Repo, Bank Rate Rates Left Unchanged
RBI Ready To Take Steps Given Global Uncertainties & Unconventional Policy Responses To Developments
GDP Growth Target Unchanged At 8.5%
Inflation Target Maintained At 5%
Reiterates Resolve To Lower Inflation To 4-4.5%, Going Forward
Medium Target for inflation rate is 3%
Money Supply Target Retained at 17-17.5%
Credit growth has slipped to projected level of 24-25%;
Need to moderate expansionary effects of capital flows so that money supply doesn't exceed target
RBI Retains Option To conduct overnight or Longer term Repos
Biggest Challenge For RBI is excess money supply due of Capital Flows
Inflation Expectations Well-Anchored
Risk To Inflation From Liquidity Infusion By global Central Banks
Risks Inflation Also From Crude and Chinese Demand
Risks to Inflation to Dominate Policy in the Next 12-18 months
Inflation risks From Oil Prices remain Incipient
Asset Prices High, But Some Evidence Of Stable Real Estate Prices
Recent Events in Financial Markets show concern for fincl stability can assume overriding Importance
Agriculture Growing Above Trend, Industry & Services Shows slight slackening
Another Oil Price hike seems Reasonable
Fiscal Consolidation Under Strain on High Interest Payments & Subsidies
Revenue Deficit For Apr-Aug at 123% of estimates vs 94% year ago
H1 Current A/C Deficit Expected to Have Been Contained At Year Ago Level
Non competitive bidding for state loans to be permitted by March 2008
State govts may prepay Power bonds from April 2008 onwards
New system of valuing and issuing floating rate bonds by Mach 2008
Committed to Allowing Repos in Corp Bonds, when safe settlement, DvP is in place
Permits short sale & When Issued Deals Outside of NDS-OM System
Non Deposit Taking NBFCs can access NDS-OM through CSGL Route
Oil Cos Can Hedge 50% of their Inventory using OTC Derivative products
Importers, exporters may write covered call and put options
Importers, Exporters may write in rupee & cross currency and receive premia
Banks permitted to Run Cross Currency Options Books; Subject to RBI Nod
Banks permitted to offer American options
Final Guidelines for Banking Holding Cos to be Issued By End –Nov
Final Guidelines on Credit Default Swaps To Be Issued By End Nov
May Bank Errant Banks from engaging recovery Agents; Ban Likely On Banks against which Court's Have Issued Penalties .....
Other related stories:
RBI move aimed at curbing excess liquidity: FM
CRR hike to absorb Rs 16K cr excess liquidity in system: Y V Reddy
RBI blocks rupee near 9-½ yr peak
RBI hikes CRR to 7.5%; other key rates unchanged
Mkt ends in red amid volatility post new credit policy
How experts review the Credit Policy
CRR hike to discourage slacken interest rates
FM supports RBI move on CRR hike
RBI cautions on high oil, food prices
Brokers`Outlook: Market to open flat tomorrow
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.moneycontrol.com www.theeconomictimes.com www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
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