VCcircle.com
Red Fort Capital Launches $250 Million Domestic Real Estate Fund
StanChart PE, Credit Suisse, DBS May Invest $140M In InterGlobe Arm
Kotak Mahindra Capital Forms Infrastructure Group; Hires Sanjay Sethi of IL&FS
Exclusive: Sequoia To Invest Rs 120 Cr In Former Indiabulls Execs Founded Unicon
EADS To Pick Up 24% In Rajeev Chandrasekhar’s Indian Aero Ventures For Rs 131 Cr
DE Shaw Picks Up 14% Stake In Delhi’s Security and Intelligence Services
Ramky Infrastructure Plans Pre-IPO Placement Worth Rs 50 Crore
ICICI Bank May List Four Subsidiaries: K V Kamath
Carlyle Invests $27.7 Million In State-Owned Repco Home Finance
Rupert Murdoch Rumoured To Be Eyeing Monster
Goldman Sachs Eyeing Stake In Mahindra Group: TV Report
Aztecsoft In Sale Talks With Mindtree?
ICICI Bank Breaks Silence On Subsidiaries; Want To Unlock Value
Broking Firm PINC Set To Raise Private Equity
Komli And PubMatic Get $7 Million From Nexus India, DFJ, Helion
SBI, ICICI Bank Pick Up 3% In Jaiprakash Power For Rs 400 Crore
Afcons Makes Up For Deferred IPO; To Rope In Credit Suisse As Investor
State Bank Picks Up 2% For Rs 80 Crore In Mahindra Holidays Pre-IPO
ICICI Venture Invests Rs 140 Crore In Pune’s Sahyadri Hospitals
Ranbaxy Group’s Fortis Financial Changes Business To IT, IT-Enabled
Tata To Revive Stock Broking Business; Future Group Also Plans Broking
Blackstone To Scale Down Investment In Ushodaya
HSBC Private Equity Invests $7.5 Million In Newgen Software
----------------------------------------------------
IndiaPE.com
Nexus, DFJ and Helion invested in Komli
PE major DE Shaw buys 14% stake in SIS
EADS acquires 24% stake in Indian Aero for Rs 131 cr
India’s first private equity fair to be held in Mumbai
Tecpro Sys sells 5% stake at Rs 240/sh in pre-IPO placement
Carlyle invests $27.7 mln in Repco Home
Standard Chartered, Credit Suisse & DBS to buy stake in InterGlobe Technology
Koutons Retail eyes 51% stake in Touchwood International
Private equity players step up ‘green’ investments
SBI, ICICI buy 3% in Jaiprakash Power Ventures
SBI picks up 2% stake in Mahindra Holidays
Silverline acquires Omega Direct Response
Temasek may buy 10% stake in Fortis
Red Fort Cap to launch Rs1,000 crore domestic fund
Gitanjali buys Nakshatra for Rs 100 crore
Source: http://www.vccircle.com and www.indiape.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
10 January 2008
DoT rings in new subscriber-linked spectrum norms: ET
DoT rings in new subscriber-linked spectrum norms
Updated on 11th Jan.
Amidst all the chaos over issuing letters of Intent to new players and clearing the application of the Tatas to offer GSM services, the Department of Telecom (DoT) has quietly come out with a new subscriber-linked spectrum allocation norms. These new norms, which the DoT has said will come into 'immediate effect', will be the basis on which existing GSM and CDMA operators will be granted additional radio frequencies for expansion of their networks in the circles where they already operate.
Also Read
Scarce spectrum lot turns free-for-all
Dot clears 2G line for Vodafone, Aircel, Idea
ByCells cries foul after being left out by DoT
Wipro bags 9-year outsourcing deal
Enough spectrum for all: Government
Spice licence: Telekom Malaysia dials DoT
Spectrum war: DoT rejects six firms
Mobile marketers make your phone buzz
Tata Tele gets DoT's in-principle approval for GSM
RCom to get GSM spectrum along with Vodafone, Idea
While the DoT had earlier said that it had decided to accept telecom regulator TRAI's recommendations that both GSM and CDMA service providers increase their subscriber base two to six times (depending on the circle) before they are granted additional spectrum, as the new policy, it has however made some changes on the recommendations of TRAI.
While TRAI had specified that GSM operators should have 1.5 million subscribers in the metros, 3 million in A and B category circles and 2 million users in Category C circles to be eligible for 8 MHz of spectrum, the DoT, in its new policy, has said further tightened it and said that operators will be allotted only 7.2 MHz of radio frequencies against this subscriber base. The changes are on account of the DoT's decision to endorse its official spectrum panel's recommendation that GSM operators be given additional spectrum in quantities of 1 MHz, as against the current norm where they are given additional radio frequencies in tranches of 1.8 MHz to 2.2 MHz.
As per the new norms, which have been posted in DoT's the Wireless Planning and Co-ordination (WPC) wing's website, GSM operators who hold 6.2 MHz of spectrum in a circle, will get only 1 MHz of additional spectrum in the next round of allotment when their subscriber base increases. As per TRAI recommendations, after 6.2 MHz, GSM operators get additional radio frequencies in tranches of 1.8 MHz - this implies, from 6.2 MHz to move to 8 MHz, but as per the new policy, they can only move to 7.2 MHz. While DoT has reduced the spectrum offered, it has not brought down the subscriber base criteria, a move that is bound to see protests from leading GSM operators.
Source: www.theeconomictimes.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Updated on 11th Jan.
Amidst all the chaos over issuing letters of Intent to new players and clearing the application of the Tatas to offer GSM services, the Department of Telecom (DoT) has quietly come out with a new subscriber-linked spectrum allocation norms. These new norms, which the DoT has said will come into 'immediate effect', will be the basis on which existing GSM and CDMA operators will be granted additional radio frequencies for expansion of their networks in the circles where they already operate.
Also Read
Scarce spectrum lot turns free-for-all
Dot clears 2G line for Vodafone, Aircel, Idea
ByCells cries foul after being left out by DoT
Wipro bags 9-year outsourcing deal
Enough spectrum for all: Government
Spice licence: Telekom Malaysia dials DoT
Spectrum war: DoT rejects six firms
Mobile marketers make your phone buzz
Tata Tele gets DoT's in-principle approval for GSM
RCom to get GSM spectrum along with Vodafone, Idea
While the DoT had earlier said that it had decided to accept telecom regulator TRAI's recommendations that both GSM and CDMA service providers increase their subscriber base two to six times (depending on the circle) before they are granted additional spectrum, as the new policy, it has however made some changes on the recommendations of TRAI.
While TRAI had specified that GSM operators should have 1.5 million subscribers in the metros, 3 million in A and B category circles and 2 million users in Category C circles to be eligible for 8 MHz of spectrum, the DoT, in its new policy, has said further tightened it and said that operators will be allotted only 7.2 MHz of radio frequencies against this subscriber base. The changes are on account of the DoT's decision to endorse its official spectrum panel's recommendation that GSM operators be given additional spectrum in quantities of 1 MHz, as against the current norm where they are given additional radio frequencies in tranches of 1.8 MHz to 2.2 MHz.
As per the new norms, which have been posted in DoT's the Wireless Planning and Co-ordination (WPC) wing's website, GSM operators who hold 6.2 MHz of spectrum in a circle, will get only 1 MHz of additional spectrum in the next round of allotment when their subscriber base increases. As per TRAI recommendations, after 6.2 MHz, GSM operators get additional radio frequencies in tranches of 1.8 MHz - this implies, from 6.2 MHz to move to 8 MHz, but as per the new policy, they can only move to 7.2 MHz. While DoT has reduced the spectrum offered, it has not brought down the subscriber base criteria, a move that is bound to see protests from leading GSM operators.
Source: www.theeconomictimes.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Tata's 1 Lakh small car 'Nano'
Tata's small car: Small size big opportunity
In Pics: Tata Nano
Preeti Burde, who owns a chain of driver training schools in Maharashtra’s Thane city, plans to buy Tata’s Nano the moment it is launched later this year. She is not exactly from the price-sensitive middle class family that the world’s cheapest car is targeted at. She is a businesswoman trying to profit from it. Ms Burde believes a large part of her future customers will be Nano buyers and she may have to migrate at least part of her fleet to the new car to help them learn on the car they’ll drive. “We definitely see a growth in the business as more and more people would come in wanting to learn how to drive in a Nano, which means we too would have to buy more of the Nano model,” she says.
As Ratan Tata pushed gears to ceremonially drive the Rs 1 lakh car at its unveiling in New Delhi, he was not just challenging the automobile industry with its radical economics, but also firing up new business dreams of scores of entrepreneurs across the country who expect the high volume sales of Nano to spawn opportunities to make money. While people like Ms Burde will leverage the high volume sales of Nano to power their businesses, Tatas themselves will be doing their bit for entrepreneurship. If Tatas’ plans succeed, Nano will not just be a car but a new business model and the central piece of ecosystem of entrepreneurship. The way Nano will be built and sold is going to be very different from the way others cars are brought to the showroom. Call it McDonaldisation of the car industry, but Tata wants the small guy to help him assemble and sell the car. This way, he hopes to create new business opportunities for young engineers across the nation, even while finding a cost-effective way to push Nano to the remotest corners of the market. “We would create entrepreneurs across the country over time that would produce the same car,” Tata group chairman told ET in an exclusive interview. “We would produce all the mass items and ship it to them as kits so it is similar to an SKD or CKD operation,” he said. He explained that the company will bring together business aspirants from around the nation to set up satellite assembling and dealership operations. These entrepreneurs need not have experience in the automobile industry.
“My aim was that, I would produce a certain volume of cars and then I would create a very low-cost, low-break-even plant that a young entrepreneur could buy and that bunch of young entrepreneurs could establish an assembly operation,” Mr Tata said. Tata Motors would retain the responsibility for quality assurance and train people who will oversee the operations of these entrepreneurs. The whole ecosystem will look up to the manufacturing strengths of Tata Motors, but will do final assembly at the local units. “It will be very satisfying if the small car created 10 or 15 satellite groups of young engineers who thought they could get together and do a business and never be able to get, normally, in the assembly of cars,” Mr Tata said.
Interview with Ratan Tata: Making of Nano
World watches Tata Motors Nano unveils
Road to Tata people's car has been bumpy, lonely
Nano Revolution: A Breakthrough innovation from the Tatas
Secret Unveiled: Tata's 1-lakh car, a reality
Source: www.theeconomictimes.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
In Pics: Tata Nano
Preeti Burde, who owns a chain of driver training schools in Maharashtra’s Thane city, plans to buy Tata’s Nano the moment it is launched later this year. She is not exactly from the price-sensitive middle class family that the world’s cheapest car is targeted at. She is a businesswoman trying to profit from it. Ms Burde believes a large part of her future customers will be Nano buyers and she may have to migrate at least part of her fleet to the new car to help them learn on the car they’ll drive. “We definitely see a growth in the business as more and more people would come in wanting to learn how to drive in a Nano, which means we too would have to buy more of the Nano model,” she says.
As Ratan Tata pushed gears to ceremonially drive the Rs 1 lakh car at its unveiling in New Delhi, he was not just challenging the automobile industry with its radical economics, but also firing up new business dreams of scores of entrepreneurs across the country who expect the high volume sales of Nano to spawn opportunities to make money. While people like Ms Burde will leverage the high volume sales of Nano to power their businesses, Tatas themselves will be doing their bit for entrepreneurship. If Tatas’ plans succeed, Nano will not just be a car but a new business model and the central piece of ecosystem of entrepreneurship. The way Nano will be built and sold is going to be very different from the way others cars are brought to the showroom. Call it McDonaldisation of the car industry, but Tata wants the small guy to help him assemble and sell the car. This way, he hopes to create new business opportunities for young engineers across the nation, even while finding a cost-effective way to push Nano to the remotest corners of the market. “We would create entrepreneurs across the country over time that would produce the same car,” Tata group chairman told ET in an exclusive interview. “We would produce all the mass items and ship it to them as kits so it is similar to an SKD or CKD operation,” he said. He explained that the company will bring together business aspirants from around the nation to set up satellite assembling and dealership operations. These entrepreneurs need not have experience in the automobile industry.
“My aim was that, I would produce a certain volume of cars and then I would create a very low-cost, low-break-even plant that a young entrepreneur could buy and that bunch of young entrepreneurs could establish an assembly operation,” Mr Tata said. Tata Motors would retain the responsibility for quality assurance and train people who will oversee the operations of these entrepreneurs. The whole ecosystem will look up to the manufacturing strengths of Tata Motors, but will do final assembly at the local units. “It will be very satisfying if the small car created 10 or 15 satellite groups of young engineers who thought they could get together and do a business and never be able to get, normally, in the assembly of cars,” Mr Tata said.
Interview with Ratan Tata: Making of Nano
World watches Tata Motors Nano unveils
Road to Tata people's car has been bumpy, lonely
Nano Revolution: A Breakthrough innovation from the Tatas
Secret Unveiled: Tata's 1-lakh car, a reality
Source: www.theeconomictimes.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Results: Motilal, Rajesh Exports, Ushadev, Supreme Petro
Motilal Oswal Q3 net up at Rs 54cr
10th-Jan-2008
Motilal Oswal Financial Services has announced its Q3 FY08 results. Its Q3 net profit was up 139% at Rs 54 crores from Rs 22.6 crore, YoY.
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Rajesh Exports net soars 2.18 times in Dec`07 qtr
Jewellery maker Rajesh Exports (Q, N,C,F)* reported a phenomenal 2.18 times jump in net profit to Rs 612.45 million for the quarter ended December 2007 as against Rs 281.22 million in the same quarter, last year.
Net sales for the quarter climbed 10.41% to Rs 20,672.32 million as compared to Rs 18,724.50 million in the corresponding quarter, a year ago.
The earnings per share (EPS) stood at Rs 16.56 for the December 2007 quarter.
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Ushdev Int`l net rises 4.76 times in Dec`07 qtr
Ushdev International disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 4.76 times rise in profit to Rs 75.67 million from Rs 15.89 million in the quarter ended December 2006.Net sales for the latest quarter rose 18.22% to Rs 2,141.40 million compared with Rs 1,811.30 million in the corresponding quarter, a year ago. Total income rose 18.29% to Rs 2,142.71 million for the quarter ended December 2007 from Rs 1,811.30 million for the same period, last year.The basic and diluted EPS, after extraordinary item, increased 67.25% to Rs 6.59 for the quarter ended December 2007 from Rs 3.94 for the same quarter last year. (Basic and diluted EPS is adjusted for Bonus issue for year ended Mar. 31, 2007.)
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Steel Exchange net rises 2.69 times in Dec`07 qtr
Steel Exchange India disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.69 times rise in profit to Rs 49.86 million from Rs 18.50 million in the quarter ended December 2006.Net sales for the quarter rose 35.99% to Rs 1,374.43 million compared with Rs 1,010.66 million in the corresponding quarter, a year ago. Total income rose 38.12% to Rs 1,398.11 million for the quarter ended December 2007 from Rs 1,012.22 million for the same period, last year.The basic and diluted EPS, after extraordinary items, increased 2.13 times to Rs 2.62 for the quarter ended December 2007 from Rs 1.23 for the same quarter, last year.
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Supreme Petrochem net rises 45.43% in Dec`07 qtr
Supreme Petrochem disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 45.43% rise in profit to Rs 71.64 million from Rs 49.26 million in the quarter ended December 2006.Net sales for the quarter declined 4.13% to Rs 3,599.20 million compared with Rs 3,754.56 million in the corresponding quarter, a year ago. Total income declined 4.29% to Rs 3,612.81 million for the quarter ended December 2007 from Rs 3,774.93 million for the same period, last year.The diluted EPS, after extraordinary items, stood at Rs 0.62 for the quarter ended December 2007.
----------------------------------------------------------------------------
Results on 11th Jan
from Indiaearnings.com
Infosys, JaiprakashHydro, Vishal Retail, GRUH Finance, Sanwaria Agro, Tata Metaliks
Source: www.indiaearnings.com and www.myiris.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
10th-Jan-2008
Motilal Oswal Financial Services has announced its Q3 FY08 results. Its Q3 net profit was up 139% at Rs 54 crores from Rs 22.6 crore, YoY.
---------------------------------------------------
Rajesh Exports net soars 2.18 times in Dec`07 qtr
Jewellery maker Rajesh Exports (Q, N,C,F)* reported a phenomenal 2.18 times jump in net profit to Rs 612.45 million for the quarter ended December 2007 as against Rs 281.22 million in the same quarter, last year.
Net sales for the quarter climbed 10.41% to Rs 20,672.32 million as compared to Rs 18,724.50 million in the corresponding quarter, a year ago.
The earnings per share (EPS) stood at Rs 16.56 for the December 2007 quarter.
-----------------------------------------------------
Ushdev Int`l net rises 4.76 times in Dec`07 qtr
Ushdev International disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 4.76 times rise in profit to Rs 75.67 million from Rs 15.89 million in the quarter ended December 2006.Net sales for the latest quarter rose 18.22% to Rs 2,141.40 million compared with Rs 1,811.30 million in the corresponding quarter, a year ago. Total income rose 18.29% to Rs 2,142.71 million for the quarter ended December 2007 from Rs 1,811.30 million for the same period, last year.The basic and diluted EPS, after extraordinary item, increased 67.25% to Rs 6.59 for the quarter ended December 2007 from Rs 3.94 for the same quarter last year. (Basic and diluted EPS is adjusted for Bonus issue for year ended Mar. 31, 2007.)
----------------------------------------------------
Steel Exchange net rises 2.69 times in Dec`07 qtr
Steel Exchange India disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.69 times rise in profit to Rs 49.86 million from Rs 18.50 million in the quarter ended December 2006.Net sales for the quarter rose 35.99% to Rs 1,374.43 million compared with Rs 1,010.66 million in the corresponding quarter, a year ago. Total income rose 38.12% to Rs 1,398.11 million for the quarter ended December 2007 from Rs 1,012.22 million for the same period, last year.The basic and diluted EPS, after extraordinary items, increased 2.13 times to Rs 2.62 for the quarter ended December 2007 from Rs 1.23 for the same quarter, last year.
-------------------------------------------------
Supreme Petrochem net rises 45.43% in Dec`07 qtr
Supreme Petrochem disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 45.43% rise in profit to Rs 71.64 million from Rs 49.26 million in the quarter ended December 2006.Net sales for the quarter declined 4.13% to Rs 3,599.20 million compared with Rs 3,754.56 million in the corresponding quarter, a year ago. Total income declined 4.29% to Rs 3,612.81 million for the quarter ended December 2007 from Rs 3,774.93 million for the same period, last year.The diluted EPS, after extraordinary items, stood at Rs 0.62 for the quarter ended December 2007.
----------------------------------------------------------------------------
Results on 11th Jan
from Indiaearnings.com
Infosys, JaiprakashHydro, Vishal Retail, GRUH Finance, Sanwaria Agro, Tata Metaliks
Source: www.indiaearnings.com and www.myiris.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Rajesh Exports,
Results: Motilal,
Supreme Petro,
Ushadev
Sensex plummets 288 pts on widespread : Sify
Sensex plummets 288 pts on widespread
Sensex falls 288 pts on selling in metal,
Bears tear down mid-caps, Sensex down
A severe bout of selling pressure engulfed the market a little past mid afternoon and took a heavy toll of stocks cutting across sectors and size. The decline in values of its components proved so sharp that the Sensex, which had raced to a new high at 21,206.77 in morning trade, crashed to 20,530.07.
The Sensex finally ended the day at 20,582.08, down 287.70 points or 1.38% from its previous closing mark. The Nifty, which hit a high of 6347 in intra-day trades, settled at 6156.95, a few points off its low of 6142.90, netting a big loss of 1.83% or 115.05 points for the day.
Turning cautious ahead of key quarterly results, investors resorted to heavy profit booking in late afternoon trade today. With global markets too not displaying any significant strength, the market found recovery a rather tough proposition during the final minutes.
As stocks cutting across sectors felt the heat, except the Bankex, the other sectoral indices ended with big losses today. ICICI Bank, which was the only Sensex stock to close on a positive note - it posted a gain of 3.55% - saved the day for the Bankex. But then, at 0.03%, the barometer's rise was just marginal. ICICI Bank was in strong demand today on the back of reports that the entity may list its subsidiaries during this year in order to unlock value.
Among Nifty stocks, besides ICICI Bank, Idea Cellular (1.25%) and Unitech (0.3%) were the ones to end on a positive note today.
Hindalco, the biggest loser in the Sensex, went down by 4.75%. Tata Steel posted a loss of 4.05%. ACC, BHEL, ITC, Infosys Technologies, NTPC, Ranbaxy Laboratories, Reliance Communications and Reliance Energy lost 3% - 4%.
Tata Motors (down 2.75%), State Bank of India (down 2.2%), Larsen & Toubro (down 2.8%), Hindustan Unilever (down 2.15%), DLF (down 2.25%) and Grasim Industries (down 2.35%) also suffered sharp losses. Bajaj Auto, HDFC Bank, HDFC, Maruti Suzuki, Satyam Computer Services and Tata Consultancy Services lost 1% - 2%.
Reliance Industries closed with a minor loss at Rs 3027.05. Ambuja Cements ended flat while BHEL eased by 0.3%. Wipro, Mahindra & Mahindra, ONGC and Bajaj Auto lost over half a per cent.
Nifty stocks GAIL India and Reliance Petroleum lost over 6% today. BPCL ended with a big loss of 5.5%. SAIL, Tata Power, Nalco, Cairn India, Zee Entertainment, GlaxoSmithKline Pharma, Punjab National Bank, Dr. Reddy's Laboratories, Sterlite Industries and Siemens closed lower by 2% - 5%. VSNL, HCL Technologies and Hero Honda also ended with sharp losses.
Mid and smallcap stocks had another terrible outing. So sharp was the erosion in values of these stocks that the Midcap and Smallcap indices plunged 3.37% and 3.82% respectively.
The market breadth was very weak with declines outnumbering advances by a huge margin. Out of a total of 2912 stocks traded on BSE today, as many as 2544 stocks closed in the negative territory. 351 stocks managed to post gains and 17 stocks ended at their previous closing levels.
Others:
L&T bags Rs 2,000 cr order
PFC to raise Rs 200 crore
Tata dares rivals to fight in market place
Union Budget to be presented on February 29
RCom to get GSM spectrum along with Vodafone, Idea, Aircel
Rajesh Exports Oct-Dec net more than doubles
Surana Ind up on stake buy in coal mining firm
Tatas' unveil Rs 1-lakh car
Adani Welspun plans $4 b bid for Burren
South Indian Q3 net up 64%
IPOs may list within 10 days
Source: www.sify.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex falls 288 pts on selling in metal,
Bears tear down mid-caps, Sensex down
A severe bout of selling pressure engulfed the market a little past mid afternoon and took a heavy toll of stocks cutting across sectors and size. The decline in values of its components proved so sharp that the Sensex, which had raced to a new high at 21,206.77 in morning trade, crashed to 20,530.07.
The Sensex finally ended the day at 20,582.08, down 287.70 points or 1.38% from its previous closing mark. The Nifty, which hit a high of 6347 in intra-day trades, settled at 6156.95, a few points off its low of 6142.90, netting a big loss of 1.83% or 115.05 points for the day.
Turning cautious ahead of key quarterly results, investors resorted to heavy profit booking in late afternoon trade today. With global markets too not displaying any significant strength, the market found recovery a rather tough proposition during the final minutes.
As stocks cutting across sectors felt the heat, except the Bankex, the other sectoral indices ended with big losses today. ICICI Bank, which was the only Sensex stock to close on a positive note - it posted a gain of 3.55% - saved the day for the Bankex. But then, at 0.03%, the barometer's rise was just marginal. ICICI Bank was in strong demand today on the back of reports that the entity may list its subsidiaries during this year in order to unlock value.
Among Nifty stocks, besides ICICI Bank, Idea Cellular (1.25%) and Unitech (0.3%) were the ones to end on a positive note today.
Hindalco, the biggest loser in the Sensex, went down by 4.75%. Tata Steel posted a loss of 4.05%. ACC, BHEL, ITC, Infosys Technologies, NTPC, Ranbaxy Laboratories, Reliance Communications and Reliance Energy lost 3% - 4%.
Tata Motors (down 2.75%), State Bank of India (down 2.2%), Larsen & Toubro (down 2.8%), Hindustan Unilever (down 2.15%), DLF (down 2.25%) and Grasim Industries (down 2.35%) also suffered sharp losses. Bajaj Auto, HDFC Bank, HDFC, Maruti Suzuki, Satyam Computer Services and Tata Consultancy Services lost 1% - 2%.
Reliance Industries closed with a minor loss at Rs 3027.05. Ambuja Cements ended flat while BHEL eased by 0.3%. Wipro, Mahindra & Mahindra, ONGC and Bajaj Auto lost over half a per cent.
Nifty stocks GAIL India and Reliance Petroleum lost over 6% today. BPCL ended with a big loss of 5.5%. SAIL, Tata Power, Nalco, Cairn India, Zee Entertainment, GlaxoSmithKline Pharma, Punjab National Bank, Dr. Reddy's Laboratories, Sterlite Industries and Siemens closed lower by 2% - 5%. VSNL, HCL Technologies and Hero Honda also ended with sharp losses.
Mid and smallcap stocks had another terrible outing. So sharp was the erosion in values of these stocks that the Midcap and Smallcap indices plunged 3.37% and 3.82% respectively.
The market breadth was very weak with declines outnumbering advances by a huge margin. Out of a total of 2912 stocks traded on BSE today, as many as 2544 stocks closed in the negative territory. 351 stocks managed to post gains and 17 stocks ended at their previous closing levels.
Others:
L&T bags Rs 2,000 cr order
PFC to raise Rs 200 crore
Tata dares rivals to fight in market place
Union Budget to be presented on February 29
RCom to get GSM spectrum along with Vodafone, Idea, Aircel
Rajesh Exports Oct-Dec net more than doubles
Surana Ind up on stake buy in coal mining firm
Tatas' unveil Rs 1-lakh car
Adani Welspun plans $4 b bid for Burren
South Indian Q3 net up 64%
IPOs may list within 10 days
Source: www.sify.com.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
09 January 2008
ET Top stories
http://economictimes.indiatimes.com/
India's bull run to continue in '08: JPMorgan
Potential FII outflow to send Sensex, rupee crashing: Study
Enough spectrum after issuance to RCom: Govt
'RBI stops Re from touching record'
ICICI Bank to list four subsidiaries
Karuturi Networks to consider stock split on January 30
Decision on raising FDI limit in print media soon: Dasmunshi
India deals fetch i-bankers $1 bn
Aviva launches website for financial planning
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India's bull run to continue in '08: JPMorgan
Potential FII outflow to send Sensex, rupee crashing: Study
Enough spectrum after issuance to RCom: Govt
'RBI stops Re from touching record'
ICICI Bank to list four subsidiaries
Karuturi Networks to consider stock split on January 30
Decision on raising FDI limit in print media soon: Dasmunshi
India deals fetch i-bankers $1 bn
Aviva launches website for financial planning
Source: Above sites.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Deadpresident Blog stories and Job alerts etc
http://deadpresident.blogspot.com
Post Session Market Commentary
Tulip IT Services
Prakash Industries
PNB
Patel Engineering
Orient Paper and Industries
Goldman Sachs - Recession in 2008
Market Close: Correction or consolidation ?
Smart Picks 2008
Future Capital Holdings, Reliance Power Grey Market Premiums
Post Market Commentary
Sensex ends flat amidst volatility
Tata Motors - 1L Car - Are you ready ?
Reliance Power IPO Analysis
HDIL, Panacea Biotec, Karuturi Networks
----------------------------------------------
http://www.kpowave.blogspot.com
Wealth Advisors
From Company Site:We at Wealth Advisors recognize that it takes diverse talents and ability to work as a team to succeed in today’s competitive world. The field of wealth management is no different and requires diverse skills to provide clients with optimal solutions.We are looking for team members in the following areas:
Wealth Managers
Financial Planning
Investment ResearchIf you are keen to know more, contact Company at careers@wai.inCompany Website:http://www.wai.in/index.htm
Enam Securities Investment Banking Job Opening
Opportunities Exist in:
1)Investment Banking
2)Research
3)Accounts
For application for the above mentioned post
visit:http://www.enam.com/Career.aspx
Capital Metrics and Risk Solutions-Equity Analyst Openings
Equity Research Analyst:
Quantitative Analyst:
For further details and to apply
visit:http://www.capmetrics.com/currentopenings.htm
-------------------------------------------------------------
Source: Above sites.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Post Session Market Commentary
Tulip IT Services
Prakash Industries
PNB
Patel Engineering
Orient Paper and Industries
Goldman Sachs - Recession in 2008
Market Close: Correction or consolidation ?
Smart Picks 2008
Future Capital Holdings, Reliance Power Grey Market Premiums
Post Market Commentary
Sensex ends flat amidst volatility
Tata Motors - 1L Car - Are you ready ?
Reliance Power IPO Analysis
HDIL, Panacea Biotec, Karuturi Networks
----------------------------------------------
http://www.kpowave.blogspot.com
Wealth Advisors
From Company Site:We at Wealth Advisors recognize that it takes diverse talents and ability to work as a team to succeed in today’s competitive world. The field of wealth management is no different and requires diverse skills to provide clients with optimal solutions.We are looking for team members in the following areas:
Wealth Managers
Financial Planning
Investment ResearchIf you are keen to know more, contact Company at careers@wai.inCompany Website:http://www.wai.in/index.htm
Enam Securities Investment Banking Job Opening
Opportunities Exist in:
1)Investment Banking
2)Research
3)Accounts
For application for the above mentioned post
visit:http://www.enam.com/Career.aspx
Capital Metrics and Risk Solutions-Equity Analyst Openings
Equity Research Analyst:
Quantitative Analyst:
For further details and to apply
visit:http://www.capmetrics.com/currentopenings.htm
-------------------------------------------------------------
Source: Above sites.. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Myiris, Moneycontrol Articles
Myiris.com
Brokers` outlook: Market likely to stabilize in few sessions
Mastek PAT rises 31% on better margins (Update)
Surana Industries to acquire PT Agate Resources for Rs 400 mn
Atlanta bags Rs 629.80 mn order
FIIs can now buy upto 74% in Gujarat NRE
Sayaji Hotels Q3 net jumps 2.71 times
Shrenuj acquires DTC`s Arisia Solitaire brand
IQMS completes 51% acquisition of Tractel Solutions, USA
Karuturi Networks board to consider stock split
Suzlon Energy receives order for 100 MW capacity
NDTV may sell stake in subsidiary to NBC
Gokaldas Exports targets smaller cities
----------------------------------------------
Moneycontrol.com
See more correction in midcaps: IL&FS
Hopes of better earnings trigger midcap IT rally
Era Infra eyes Rs 7-8cr revs from wind pwr
Earnings to be +ve but less spectacular: JP Morgan AMC
Unitech plans largest ever fund raising via QIP: Srcs
Tata's Rs 1 lakh car to be called Jeh
25 bps Fed rate cut likely: Saxo Bank
Buy Micro Technologies, tgt Rs 442: HEM Sec
SAIL adds 9 lakh shares in open interest
KEI Ind looking at buyouts in transformer segment
Source: www.moneycontrol.com and www.myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Brokers` outlook: Market likely to stabilize in few sessions
Mastek PAT rises 31% on better margins (Update)
Surana Industries to acquire PT Agate Resources for Rs 400 mn
Atlanta bags Rs 629.80 mn order
FIIs can now buy upto 74% in Gujarat NRE
Sayaji Hotels Q3 net jumps 2.71 times
Shrenuj acquires DTC`s Arisia Solitaire brand
IQMS completes 51% acquisition of Tractel Solutions, USA
Karuturi Networks board to consider stock split
Suzlon Energy receives order for 100 MW capacity
NDTV may sell stake in subsidiary to NBC
Gokaldas Exports targets smaller cities
----------------------------------------------
Moneycontrol.com
See more correction in midcaps: IL&FS
Hopes of better earnings trigger midcap IT rally
Era Infra eyes Rs 7-8cr revs from wind pwr
Earnings to be +ve but less spectacular: JP Morgan AMC
Unitech plans largest ever fund raising via QIP: Srcs
Tata's Rs 1 lakh car to be called Jeh
25 bps Fed rate cut likely: Saxo Bank
Buy Micro Technologies, tgt Rs 442: HEM Sec
SAIL adds 9 lakh shares in open interest
KEI Ind looking at buyouts in transformer segment
Source: www.moneycontrol.com and www.myiris.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Moneycontrol Articles,
Myiris
Results : Axis, South Indian Bank, Mastek, iGate Etc
Axis Bank Q3 net profit up 66% at Rs 307 cr
Private lender Axis Bank on Wednesday reported 66.20 per cent increase in net profit at Rs 306.83 crore for the quarter ended December 31, 2007 as compared to Rs 184.61 crore for the same quarter in the previous fiscal.
Axis Bank Q3 net up 66.2% at Rs 747.3 cr
9th-Jan-2008
Axis Bank in Q3 FY08 has reported standalone net profit of Rs 306.83 crore versus Rs 184.61 crore, a jump of 66.2% on YoY basis. During the same period, its NII was up 79.7% at Rs 747.3 crore versus Rs 415.8 crore, YoY
---------------------------------------------
Mastek Q2 net profit up 10.5% at Rs 18.72 cr
Mastek reported a jump of 10.5 per cent in net profit at Rs 18.72 crore for the second quarter ended December as compared with Rs 16.94 in the same quarter a year ago.
Mastek Q2 net profit up at Rs 27.1 cr
9th-Jan-2008
Mastek reported Q2 FY08 consolidated net profit of Rs 27.1 cr versus Rs 25.1 crore on QoQ basis. During the same
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Sayaji Hotels Q3 net profit up 171 %
Sayaji Hotels posted 171.10 per cent rise in net profit for October-December quarter to Rs 1.6 crore against Rs 62.3 lakh in the same period a year ago.
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South India Bk Q3 net profit up at Rs 40.7 cr
9th-Jan-2008
South Indian Bank announced its Q3 FY08 result. The bank in Q3 has announced net profit of Rs 40.7 cr vs Rs 24.8 cr, YoY basis. Its Q3 Net interest income was at Rs 97 cr vs Rs 88.4 cr, YoY.
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iGate Soln Q3 net profit at Rs 29 cr
9th-Jan-2008
iGate Solutions has announced its third quarter results. The company has posted net profit of Rs 29 crore for the quarter ended December 2007 as against Rs 22.9 crore in previous quarter on the revenues of Rs 209.3 crore versus Rs 200.8 crore.
----------------------------------------
Results on 10.01.2008
Results Calender
Guj Hotels 10-Jan-08
Harita Seating 10-Jan-08
Jaypee Hotels 10-Jan-08
Motilal Oswal F 10-Jan-08
R M Mohitex 10-Jan-08
Rajesh Exports 10-Jan-08
Solar Explosive 10-Jan-08
Supreme Petro 10-Jan-08
TOURISM FIN 10-Jan-2008
For more:
http://www.myiris.com/shares/resultWatch/resCalShow.php?ord=
or
http://indiaearnings.moneycontrol.com/sub_india/results_calender.php
----------------------------------------------------
Source: www.indiaearnings.com and www.myiris.com . 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Private lender Axis Bank on Wednesday reported 66.20 per cent increase in net profit at Rs 306.83 crore for the quarter ended December 31, 2007 as compared to Rs 184.61 crore for the same quarter in the previous fiscal.
Axis Bank Q3 net up 66.2% at Rs 747.3 cr
9th-Jan-2008
Axis Bank in Q3 FY08 has reported standalone net profit of Rs 306.83 crore versus Rs 184.61 crore, a jump of 66.2% on YoY basis. During the same period, its NII was up 79.7% at Rs 747.3 crore versus Rs 415.8 crore, YoY
---------------------------------------------
Mastek Q2 net profit up 10.5% at Rs 18.72 cr
Mastek reported a jump of 10.5 per cent in net profit at Rs 18.72 crore for the second quarter ended December as compared with Rs 16.94 in the same quarter a year ago.
Mastek Q2 net profit up at Rs 27.1 cr
9th-Jan-2008
Mastek reported Q2 FY08 consolidated net profit of Rs 27.1 cr versus Rs 25.1 crore on QoQ basis. During the same
-----------------------------------------------
Sayaji Hotels Q3 net profit up 171 %
Sayaji Hotels posted 171.10 per cent rise in net profit for October-December quarter to Rs 1.6 crore against Rs 62.3 lakh in the same period a year ago.
-----------------------------------------------
South India Bk Q3 net profit up at Rs 40.7 cr
9th-Jan-2008
South Indian Bank announced its Q3 FY08 result. The bank in Q3 has announced net profit of Rs 40.7 cr vs Rs 24.8 cr, YoY basis. Its Q3 Net interest income was at Rs 97 cr vs Rs 88.4 cr, YoY.
----------------------------------------------
iGate Soln Q3 net profit at Rs 29 cr
9th-Jan-2008
iGate Solutions has announced its third quarter results. The company has posted net profit of Rs 29 crore for the quarter ended December 2007 as against Rs 22.9 crore in previous quarter on the revenues of Rs 209.3 crore versus Rs 200.8 crore.
----------------------------------------
Results on 10.01.2008
Results Calender
Guj Hotels 10-Jan-08
Harita Seating 10-Jan-08
Jaypee Hotels 10-Jan-08
Motilal Oswal F 10-Jan-08
R M Mohitex 10-Jan-08
Rajesh Exports 10-Jan-08
Solar Explosive 10-Jan-08
Supreme Petro 10-Jan-08
TOURISM FIN 10-Jan-2008
For more:
http://www.myiris.com/shares/resultWatch/resCalShow.php?ord=
or
http://indiaearnings.moneycontrol.com/sub_india/results_calender.php
----------------------------------------------------
Source: www.indiaearnings.com and www.myiris.com . 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
iGate Etc,
Mastek,
Results : Axis,
South Indian Bank
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