Headlines from ET, Moneycontrol

Economic Times

India to stay in talent top club till 2012
Stocks to Watch on Thursday
EPF may join bullwagon to realise better returns
Equity funds post best monthly gains in 4 yrs


Morgan races Morgan for Jaguar & Land Rover
Mallya joins Deccan board as Vice Chairman
RBI appoints 2 executive directors

Maruti Suzuki October vehicle sales up 15 pc
TVS Motor October sales rise 13 per cent
BAL October sales flat at 2.48 lakh units
TVS bike sales dip 26 pc in October

Numbers Game: Mixed quarter for most banks
CRR hike to hit co-operative banks the most
Videocon to bid for Navi Mumbai airport

PGCIL to open office in Dubai; eyes stake in Transco at $800mn
L&T gets Rs 5500 cr Mumbai airport order
Sintex acquires French company for $55 million
Pyramid Saimira enters US market; acquires FunAsia
NDTV 24x7, NDTV Profit to be launched in Singapore

Verizon gets LoI for NLD, ILD licences
VSNL to be named Tata Communications
VSNL building $200 mn Asian cable system
India falls five places in Global Competitiveness Index

Goldman Sachs consolidates stake in HTMT Global
India's exports rise by 19.26% despite rupee rise
IFCI stake sale: One bidder may opt out
Bulls may trap unions to trust mkts with EPFO money


Oil India Ltd shareholders approve IPO proposal
Edelweiss IPO price band at Rs 725-825
HCL to set up 5 tech centres at Rs 1,000 cr each
Corbus, RMSI in Nasscom's list of best cos to work for
Exporters' package in 2 weeks: Nath

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Moneycontrol.Com

Fed cut to further fuel rally: Experts
Power Grid board okays JV with REL: NW18
Usha Martin’s QII cons net profit at Rs 45.95cr up by 49%
News flow pushing up RPL prices: KR Choksey
Sujana Towers net sales at Rs 12599.24 lakh
Buy KEC International; target of Rs 851: IndiaInfoline

NRB Bearings Q2FY08 net sales at Rs 78.20cr up by 7%
Exide enters lead smelting & recycling business
B.A.G Films & Media’s Qtrly PBT up 101%
Marico acquires Enaleni’s subsidiary

Jai Balaji posts net profit of Rs 50.87 cr
Kalpataru Power reports 26% increase in total revenue
Sangam (India) Q2FY08 net sales up 38% at Rs 189cr
Vipul Ltd records 213% increase in net profit at Rs 11.19cr

Sona Koyo Steering forms JV with AAM
Parenteral Drugs registers 446.87% growth in net profit
Indoco Remedies net profit up 31.67%


Financial Tech total income increases by 1024% to Rs 4610mn
Financial Technologies (India) Limited, India’s leading technology solutions provider for capital, commodities, forex and bond markets, today announced its unaudited financial results for the quarter and half year ended September 30, 2007.

Financial Technologies has reported total income of Rs.4610 million for the quarter ended September 30, 2007, a growth of 1024% as compared to Rs.410.2 million for the quarter ended September 30, 2006. EBITDA margin stood at 96% and PAT has grown to Rs. 3385 million as compared to Rs.262.5 million for the same period, a growth of 1189%.

Q2 FY2007-08 (July-September 2007) vs. Q2 FY2006-07 (July-September 2006)

· The total income increased by 1024% to Rs. 4610 million in Q2FY2007-08 as compared to Rs. 410.2 million in Q2FY2006-07.
· EBITDA has gone up by 1398% to Rs. 4422.5 million in Q2FY2007-08 as compared to Rs.295.3 million in Q2 FY2006-07
· EBITDA margin has increased to 96% in Q2FY2007-08 as compared to 72% in Q2FY2006-07
· PBT was up by 1396% to Rs. 4365.2 million in Q2FY2007-08 as compared to Rs.291.8 million in Q2FY2006-07.
· PAT expanded by 1189% to Rs.3385 million in Q2FY2007-08 as compared to Rs.262.5 million in Q2FY2006-07

Kotak Mahindra Bank launches Kotak BillPay
Core Projects revenues jump 278.57%, PAT up 281.43%
CBoP’s net profit up 34% to Rs 416mn

Likely to bag $82m West Asian order: Power Grid
TCI H1 EBIDTA jumps 22%



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Result Updates

Teledata Group NP at rs 205.77 crore1 Nov, 2007, 1900 hrs IST
Teledata Group has recorded net profit of Rs 205.77 crore for the second quarter ending September 30,2007.

Gammon India net down 34.49% for Sep`07 qtr

Tube Investments net down 40.38% for Sep`07 qtr

Cinemax`s net up 58.47% for Sep `07 qtr

Taj Gvk Hotels net up 6.75% in Q2

Ansal Properties net up 2.34 times for Sep`07 qtr

Essar Oil loss narrows 52.66% for Sep`07 qtr

Aarti Industries` net dips 21.33% for H1FY08

Aptech swings to profit of Rs 1.40 mn

Deccan Aviation net loss widens for Sep` 07 qtr

Sunil Hi-Tech net zooms 4 times for Sep`07 qtr

Radico Khaitan net up 53.96% in Sep` 07 qtr

LT Overseas net up 45.57% for Sep`07 qtr

Shriram City Union Finance net up 96% in Sep`07 qtr

Alok Industries Q2 earnings climbs 31.65%

Madhucon Projects net up 19.89% in Sep`07 qtr

P&G net up 34.72% in Sep`07 qtr

EIEL Q2 net up by 51% at Rs 24.72 cr



Aftek Q2 net profit up at Rs 25.73 cr
1st-Nov-2007
Aftek Limited declared its Q2 FY08 result. The company in Q2 FY08 has registered net sales of Rs 93.74 crore, up 19.10% on YoY basis.


Ruchi Soya Q2 net profit up at Rs 32.6 cr
1st-Nov-2007
Ruchi Soya has declared its second quarter results. Its Q2 net sales stood at Rs 1989 crore versus Rs 1555 crore.


DCB Q2 net profit up at Rs 14.5 cr
1st-Nov-2007
DCB has declared its second quarter results. Its Q2 NII stood at Rs 50.7 crore versus Rs 27 crore.


Ispat Q2 net profit up at Rs 13.5 cr
1st-Nov-2007
Ispat in Q2 has reported net profit of Rs 13.5 crore versus Rs 2.32 crore on YoY basis. During the same quarters, its net income was at Rs 2049 crore versus Rs 1891 crore, YoY.


Aptech Q3 net profit down at Rs 7.68 cr
1st-Nov-2007
Aptech Q3 CY07 net profit at Rs 7.68 cr versus Rs 10.47 crore on YoY basis. During the same period, the company reported net sales were at Rs 65.3 cr versus Rs 54.7 cr, YoY.


United Spirits Q2 net profit up at Rs 80.2 cr
1st-Nov-2007
United Spirits in Q2 FY08 has registered net profit of Rs 80.2 cr versus Rs 67 crore in the same quarter previous year. During the same quarters, its net sales were at Rs 752.6 crore versus Rs 753.5 crore.



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Religare IPO oversubscribed 156.44 times on closing, other stories

Initial public offering of Religare Enterprises (Q, N,C,F)* (REL), a financial services company, received overwhelming response from investors. It was oversubscribed 156.44 times on closing day till 6 pm. It received 1,185,175,915 bids as against issue size of 7,576,102 shares. A total of 171,621,205 bids were received at the cut off price. The price band was fixed between Rs 160 to Rs 185 a share. REL is promoted by the promoters of Ranbaxy Laboratories and the issue is graded by ICRA with an IPO Grade 3 on a 5 point scale.

The equity shares of the company, offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). REL is a holding company of 11 subsidiaries, which are engaged in a wide range of financial products and services targeted at the retail, high networth individuals and the corporate and institutional clients. Along with its various subsidiaries, it offers a wide range of services ranging from equities,
commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services.

It has divided its product and service offering under three broad client interface categories i.e. retail spectrum, wealth spectrum and institutional spectrum

and other stories from Myiris.Com

Barak Valley IPO oversubscribed 28.53 times on closing

Gammon India net down 34.49% for Sep`07 qtr

Mundra Port IPO seems to be attractive

Mundra Port IPO oversubscribed 4.67 times on day one

Consolidated Construction bags orders worth Rs 1275.3mn

Suzlon to export to 40 countries in five years

IFC eyes Rs 1433.9 mn worth stake in Karnataka Bank

Titan Eye+ to open 250 stores across India



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Sensex ends 114 pts down in volatile trade

NIFTY 5866.45 -34.20
SENSEX 19724.35 -113.64

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.


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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


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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%.



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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.



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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

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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.