http://economictimes.indiatimes.com/
MFs lag in rush for Reliance Power IPO/ R Power IPO
Reliance Power IPO to make Anil Ambani the richest Indian
Reliance Power IPO sees FII demand over $100 bn
Indian GDRs clock record $12 bn turnover on LSE
ICICI subsidiaries put up good performance
Biz week in pics Wacky Gadgets
'MF industry will see rapid growth'
OnMobile IPO opens on Jan 24
ICICI to invest in Express Towers
Parsvnath aims $15 bn investment
Production efficiency drive UltraTech profits up 32 pc
TCS, Infosys, Wipro add over 57000 workers in 2007
Railways makes Rs 15,500 cr profit in current fiscal: Velu
Anil Ambani pledges shares to all retail investors
Bush's $150 bn plan to lift US economy
Source: Economic Times. 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.
20 January 2008
Business Today, January 27 2008
http://businesstoday.digitaltoday.in/
LATEST ISSUE January 27, 2008
Cover Story
Pharma majors betting it big
Brian Carvalho
India’s handful of innovation-driven pharma companies are running through hundreds of crores of rupees in their endeavour to put a new drug on the global market. There have been a few setbacks along the way, but nobody’s giving up—not yet.
Dr Reddy’s Laboratories - Trials by fire
Ranbaxy Laboratories - Clinical precision
Nicholas Piramal - More the merrier
---------------------------------------------------
Top Mind
Now, trade in mini indices
They are derivatives contracts introduced by both NSE and BSE to improve liquidity and attract more retail investors.
News Maker
News Maker - Anand Mahindra
Anand Mahindra, Vice Chairman, Mahindra & Mahindra (M&M), admits that he isn’t a sprightly young man anymore, but the 52-year-old has been tying up deals with a slew of international manufacturers.
People
A pictorial delight
This has all the makings of a picture-perfect dream. Punj Lloyd’s Chairman Atul Punj has launched the group’s Photographic Foundation and its first limited edition calendar for the year 2008.
Letters
A well-compiled list
21 for 21 was compiled well and includes leaders and entrepreneurs from non-conventional sectors as well.
BT More
The finest wheels
Kushan Mitra
It’s a tough act, balancing your needs and your budget when choosing and buying that dream vehicle. Find out which automobile is just right for you and yet doesn’t punch a large hole in your pocket in this issue’s cover story.
Rides for every budget
Money to splurge
Mirror can be your friend
New Year bonanza
Seek pleasure from golf
Infused scotch, anyone?
Choco luscious
Get rid of back pain
Faces of India
Rhythm divine
Dream cars for a steal
Bruno knows
Make heads turn
Tea tales
Live another day
The sinking paradise
Wines with endless legs
Rule the high seas
Special
Still looking good
Mahesh Nayak
Yes, the stock markets have been on a roll for four years now and the Sensex is at 20,000 plus. But a surging economy is expected to keep the FIIs interested in India this year.
It’s raining IPOs
Current
“SMS 2.0” takes off
Planning to sign up for the do-not-call registry or already have? Don’t bother. Marketers have figured out another way to reach you, the mobile phone user.
Paradise regained?
The Tatas’ big deal
Profit in the bag
What’s in the peace pipe?
Power-packed blueprint
Sense of rumour
Wanted: Real broadband
IT’s new wannabe
Jagran’s big footprint
Kinetic’s comeback?
Sign of the times
Banking on the brand
Home away from home
Welcome to the jingle
The ebullient entrepreneurs
Editorial
Indian pharma’s balancing act
Among the many industries that cater to our wants and needs, pharmaceuticals has to be the most unique.
Policy Watch
Combating insider trading
SEBI is making renewed efforts to crack down on the menace of insider trading.
Jobs
Staying on track
The mixed sentiment of the last quarter continues into the New Year, reveals the sixth quarterly BT-TeamLease Employment Outlook Survey.
In top gear
Help, Tarun
Back of the Book
Makeover for mishti
Ritwik Mukherjee
In a bid to take their delicacies to a larger audience, Bengal’s sweet makers are adding a dash of international flavour.
Trends
Governing global trade
The multilateral system that has underpinned world trade for over 50 years is facing serious challenges.
India's highest paid film stars
Surging remittances
The BT 50 index
Too many cooks?
Instant tip
“India is our key R&D destination”
Tying up the airwaves
UP joins, VAT reaches all states
Talebearer
Numbers of note
Just wondering…
Insurance rates nosedive
Money
The best mutual funds
Clifford Alvares
When Mutual Fund investors started out at the beginning of 2007, many viewed the year ahead with circumspection. It has been a great year for mutual funds, but some stood out from the others.
The top picks for 2008
The short end of the market
Taking stock, virtually
REITs on the way
Source: Businesstoday. 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.
LATEST ISSUE January 27, 2008
Cover Story
Pharma majors betting it big
Brian Carvalho
India’s handful of innovation-driven pharma companies are running through hundreds of crores of rupees in their endeavour to put a new drug on the global market. There have been a few setbacks along the way, but nobody’s giving up—not yet.
Dr Reddy’s Laboratories - Trials by fire
Ranbaxy Laboratories - Clinical precision
Nicholas Piramal - More the merrier
---------------------------------------------------
Top Mind
Now, trade in mini indices
They are derivatives contracts introduced by both NSE and BSE to improve liquidity and attract more retail investors.
News Maker
News Maker - Anand Mahindra
Anand Mahindra, Vice Chairman, Mahindra & Mahindra (M&M), admits that he isn’t a sprightly young man anymore, but the 52-year-old has been tying up deals with a slew of international manufacturers.
People
A pictorial delight
This has all the makings of a picture-perfect dream. Punj Lloyd’s Chairman Atul Punj has launched the group’s Photographic Foundation and its first limited edition calendar for the year 2008.
Letters
A well-compiled list
21 for 21 was compiled well and includes leaders and entrepreneurs from non-conventional sectors as well.
BT More
The finest wheels
Kushan Mitra
It’s a tough act, balancing your needs and your budget when choosing and buying that dream vehicle. Find out which automobile is just right for you and yet doesn’t punch a large hole in your pocket in this issue’s cover story.
Rides for every budget
Money to splurge
Mirror can be your friend
New Year bonanza
Seek pleasure from golf
Infused scotch, anyone?
Choco luscious
Get rid of back pain
Faces of India
Rhythm divine
Dream cars for a steal
Bruno knows
Make heads turn
Tea tales
Live another day
The sinking paradise
Wines with endless legs
Rule the high seas
Special
Still looking good
Mahesh Nayak
Yes, the stock markets have been on a roll for four years now and the Sensex is at 20,000 plus. But a surging economy is expected to keep the FIIs interested in India this year.
It’s raining IPOs
Current
“SMS 2.0” takes off
Planning to sign up for the do-not-call registry or already have? Don’t bother. Marketers have figured out another way to reach you, the mobile phone user.
Paradise regained?
The Tatas’ big deal
Profit in the bag
What’s in the peace pipe?
Power-packed blueprint
Sense of rumour
Wanted: Real broadband
IT’s new wannabe
Jagran’s big footprint
Kinetic’s comeback?
Sign of the times
Banking on the brand
Home away from home
Welcome to the jingle
The ebullient entrepreneurs
Editorial
Indian pharma’s balancing act
Among the many industries that cater to our wants and needs, pharmaceuticals has to be the most unique.
Policy Watch
Combating insider trading
SEBI is making renewed efforts to crack down on the menace of insider trading.
Jobs
Staying on track
The mixed sentiment of the last quarter continues into the New Year, reveals the sixth quarterly BT-TeamLease Employment Outlook Survey.
In top gear
Help, Tarun
Back of the Book
Makeover for mishti
Ritwik Mukherjee
In a bid to take their delicacies to a larger audience, Bengal’s sweet makers are adding a dash of international flavour.
Trends
Governing global trade
The multilateral system that has underpinned world trade for over 50 years is facing serious challenges.
India's highest paid film stars
Surging remittances
The BT 50 index
Too many cooks?
Instant tip
“India is our key R&D destination”
Tying up the airwaves
UP joins, VAT reaches all states
Talebearer
Numbers of note
Just wondering…
Insurance rates nosedive
Money
The best mutual funds
Clifford Alvares
When Mutual Fund investors started out at the beginning of 2007, many viewed the year ahead with circumspection. It has been a great year for mutual funds, but some stood out from the others.
The top picks for 2008
The short end of the market
Taking stock, virtually
REITs on the way
Source: Businesstoday. 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:
Business Today,
January 27 2008
MoneyToday (January 24, 2008)
http://moneytoday.digitaltoday.in/
LATEST ISSUE January 24, 2008
Few Articles Link:
Cover Story
The best financial advices
We bring the best kept secrets till today. Successful personalities from all walks of life share words of wisdom that most influenced their financial lives.
Slide-show: What SRK, Karan & Dravid have to say
-------------------------------------------------
Financial Rights
‘Rough behaviour is deficiency of service'
Rakesh Rai
Rude government servants can be legally penalised. Rakesh Rai spoke to the man responsible for this landmark judgement.
Now & Then
Up in smoke
Money Today compares prices and earnings in the past with what they are today and what they would be in the future.
My Idea
Growing money plant
Rajshree Kukreti
Radhika Anand, 44, earns money by growing plants in glass jars.
Sector Scenario
Flying high
Prabhudas Lilladher sees growing demand, lower fares and improved connectivity to improve valuations in the aviation sector
Query Corner
Should I invest in a Ulip or buy a term plan and funds?
You have not identified whether you have any financial dependants like a wife, children or parents. If you do not have any dependants, then you do not need life insurance.
Upfront
Futures within reach
A derivative is a security that has no independent value; its value is entirely derived from the value of one or more underlying asset—generally stocks, bonds, commodities, currencies and market indices.
Talk Back
How can I start with a corpus of just Rs 1 lakh?
As a beginner, start by investing in an Indian mutual fund that invests in global stocks (see Why and How to Go Global, 15 November). As your confidence grows, so will your exposure to global markets.
E2E
Powering the telecom boom
By Yusuf Begg
By providing energy-saving solutions to telecom companies, Manoj Upadhyay has made money for himself and the sector.
MT Insight
Equity-oriented funds perform well
Equity-oriented balanced funds have naturally fared well in a year when equities have boomed. some debt heavy balanced funds have also fared well in the past one year, with LICMF Children’s Fund earning higher than many equity oriented funds in the past one year.
Music systems: what's your taste?
Goa, beyond tourist destination
Realty Check
Goa, beyond tourist destination
The inflow of domestic and foreign tourists in Goa has established a flourishing hospitality sector.
MT Basics
Postal savings
It’s probably been months or years since you posted a letter in that ubiquitous red colour box. Between e-mail and courier who needs letter boxes anymore.
Book Review
Know your financial personality
Kamya Jaiswal
Jordan E Goodman’s unique insight to investor psychology and its impact on financial decisions is a very interesting read. A good dose of financial planning advice ensures that his book has practical utility.
Portfolio Doctor
Discipline amidst irregularity
Intelligent investing can make all the difference. And if you want proof, don’t look beyond Priya Shukla’s portfolio. We’ve analysed finances of people who earn much more than her but still find it extremely difficult to meet their long-term goals like retirement corpus. Read on:
Stocks
High on mid caps
Dipen Sheth
Our fund manager prefers not to transact this fortnight but instead chooses to ride a terrific bull run in the mid-cap sector.
Market watch, as on Jan 2, 2008
Steel and power stocks perform well
Mutual Fund
'Don’t be tempted by penny stocks'
Jyoti Vaswani
A Fund Management Associate Director at Aviva India tells us how to create value through superior stock selection.
How not to judge a fund
Going the natural way
Tax
Is medical reimbursement taxable?
Medical reimbursement of over Rs 15,000 is taxable in the hands of an employee.
Careers
Two sides of the same coin
Rajshree Kukreti
Planning your career should be an integral part of the financial planning process. Money Today tells you why.
Investment
Your human capital vs financial capital
Here's a debate on the right way to save for retirement. Read our feature based on Joseph Stiglitz's recent presentation.
Expert View
Partying with borrowed cash
By allowing me the thrill of leveraging my investment, the markets and regulators are amplifying risks and rewards, triggering potentially irresponsible behaviour and, in fact, are lending grenades to a monkey!
Investing in good is good investing
Technology
Before you buy LCD
Ask yourself why you really want to buy an LCD. If it’s for sheer snob value, there’s little anyone can say that will make you change your mind. If, however, you think you’re getting value for money, read on.
Source: Moneytoday. 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.
LATEST ISSUE January 24, 2008
Few Articles Link:
Cover Story
The best financial advices
We bring the best kept secrets till today. Successful personalities from all walks of life share words of wisdom that most influenced their financial lives.
Slide-show: What SRK, Karan & Dravid have to say
-------------------------------------------------
Financial Rights
‘Rough behaviour is deficiency of service'
Rakesh Rai
Rude government servants can be legally penalised. Rakesh Rai spoke to the man responsible for this landmark judgement.
Now & Then
Up in smoke
Money Today compares prices and earnings in the past with what they are today and what they would be in the future.
My Idea
Growing money plant
Rajshree Kukreti
Radhika Anand, 44, earns money by growing plants in glass jars.
Sector Scenario
Flying high
Prabhudas Lilladher sees growing demand, lower fares and improved connectivity to improve valuations in the aviation sector
Query Corner
Should I invest in a Ulip or buy a term plan and funds?
You have not identified whether you have any financial dependants like a wife, children or parents. If you do not have any dependants, then you do not need life insurance.
Upfront
Futures within reach
A derivative is a security that has no independent value; its value is entirely derived from the value of one or more underlying asset—generally stocks, bonds, commodities, currencies and market indices.
Talk Back
How can I start with a corpus of just Rs 1 lakh?
As a beginner, start by investing in an Indian mutual fund that invests in global stocks (see Why and How to Go Global, 15 November). As your confidence grows, so will your exposure to global markets.
E2E
Powering the telecom boom
By Yusuf Begg
By providing energy-saving solutions to telecom companies, Manoj Upadhyay has made money for himself and the sector.
MT Insight
Equity-oriented funds perform well
Equity-oriented balanced funds have naturally fared well in a year when equities have boomed. some debt heavy balanced funds have also fared well in the past one year, with LICMF Children’s Fund earning higher than many equity oriented funds in the past one year.
Music systems: what's your taste?
Goa, beyond tourist destination
Realty Check
Goa, beyond tourist destination
The inflow of domestic and foreign tourists in Goa has established a flourishing hospitality sector.
MT Basics
Postal savings
It’s probably been months or years since you posted a letter in that ubiquitous red colour box. Between e-mail and courier who needs letter boxes anymore.
Book Review
Know your financial personality
Kamya Jaiswal
Jordan E Goodman’s unique insight to investor psychology and its impact on financial decisions is a very interesting read. A good dose of financial planning advice ensures that his book has practical utility.
Portfolio Doctor
Discipline amidst irregularity
Intelligent investing can make all the difference. And if you want proof, don’t look beyond Priya Shukla’s portfolio. We’ve analysed finances of people who earn much more than her but still find it extremely difficult to meet their long-term goals like retirement corpus. Read on:
Stocks
High on mid caps
Dipen Sheth
Our fund manager prefers not to transact this fortnight but instead chooses to ride a terrific bull run in the mid-cap sector.
Market watch, as on Jan 2, 2008
Steel and power stocks perform well
Mutual Fund
'Don’t be tempted by penny stocks'
Jyoti Vaswani
A Fund Management Associate Director at Aviva India tells us how to create value through superior stock selection.
How not to judge a fund
Going the natural way
Tax
Is medical reimbursement taxable?
Medical reimbursement of over Rs 15,000 is taxable in the hands of an employee.
Careers
Two sides of the same coin
Rajshree Kukreti
Planning your career should be an integral part of the financial planning process. Money Today tells you why.
Investment
Your human capital vs financial capital
Here's a debate on the right way to save for retirement. Read our feature based on Joseph Stiglitz's recent presentation.
Expert View
Partying with borrowed cash
By allowing me the thrill of leveraging my investment, the markets and regulators are amplifying risks and rewards, triggering potentially irresponsible behaviour and, in fact, are lending grenades to a monkey!
Investing in good is good investing
Technology
Before you buy LCD
Ask yourself why you really want to buy an LCD. If it’s for sheer snob value, there’s little anyone can say that will make you change your mind. If, however, you think you’re getting value for money, read on.
Source: Moneytoday. 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.
BusinessLine Articles
http://businessline.in/
ICICI Bank’s Q3 net rises 35% on higher biz volume
Reliance Power IPO issue price at Rs 450
Assurance on allotment to retail investors More
SBI invites unions for talks on merger concerns
Employees plan strike on Jan 25 More
Index OutlookReliance Power’s mega public offer probably enveloped our markets in such an optimistic haze that the participants were unable to register the disturbing news-flow from overseas. How else can one account for the Sensex suddenly crashing ... More
Stock valuations are not about earnings aloneMore
The fear factor in allocation switchesMore
Build your mutual fund portfolio with careMore
Another step towards tracking the ‘insider’More
Dabur India: BuyInvestors with a two-three-year horizon can consider using the recent decline in price to accumulate the Dabur India stock. Dabur India appears set to deliver earnings growth of 22-25 per cent (annualised) over the next three years, on the ... More
Birla Sun Life Basic Industries: HoldInvestors can retain their investments in Birla Sun Life Basic Industries. Its consistent performance over the three- and five-year periods makes it a good investment choice. There was, however, a change in the scheme’s management ... More
GlaxoSmithKline Pharma: HoldMore
Cords Cable Industries: InvestMore
J. Kumar Infra: AvoidMore
Exide Industries: Invest
GlaxoSmithKline Pharma: Hold
More
Green signalReligare Enterprises’ proposed asset management joint venture with AEGON has received the in-principle sponsor approval from SEBI. Religare would be entering into the business through a100 per cent subsidiary. ... More
David n GoliathGayatri Projects has tied up with DLF for constructing road projects on Build-Operate-Transfer basis. Both the companies have agreed to give their financials and technical strengths for the participation in request for qualification and ... More
Kotak-30 : Focus on bankingKotak-30, a large-cap-oriented fund, has consistently beaten its benchmark – the Nifty – over one, three and five year periods. With a little over 30 stocks in its portfolio, the fund holds a compact portfolio. The movement ... More
DWS Investment Opportunity Fund: HoldInvestors in the DWS Investment Opportunity Fund can retain their units in the fund, given its strong performance since launch. With a compounded annual return of about 45 per cent since launch, the fund has kept comfortably ahead of its ... More
Birla Sun Life Basic Industries: HoldInvestors can retain their investments in Birla Sun Life Basic Industries. Its consistent performance over the three- and five-year periods makes it a good investment choice. There was, however, a change in the scheme’s management ... More
Index OutlookReliance Power’s mega public offer probably enveloped our markets in such an optimistic haze that the participants were unable to register the disturbing news-flow from overseas. How else can one account for the Sensex suddenly crashing ... More
Baskets of X More
Bull's Eye More
Trader's CornerMr W. D. Gann is one of the best known names in technical analysis. He gained fame and notoriety through the huge profit that he is said to have amassed from trading in the stock markets. But his theories and concepts remain inscrutable to ... More
DERIVATIVES MARKETS
Nifty future may lose ground
More
Source: www.Businessline.in. 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.
ICICI Bank’s Q3 net rises 35% on higher biz volume
Reliance Power IPO issue price at Rs 450
Assurance on allotment to retail investors More
SBI invites unions for talks on merger concerns
Employees plan strike on Jan 25 More
Index OutlookReliance Power’s mega public offer probably enveloped our markets in such an optimistic haze that the participants were unable to register the disturbing news-flow from overseas. How else can one account for the Sensex suddenly crashing ... More
Stock valuations are not about earnings aloneMore
The fear factor in allocation switchesMore
Build your mutual fund portfolio with careMore
Another step towards tracking the ‘insider’More
Dabur India: BuyInvestors with a two-three-year horizon can consider using the recent decline in price to accumulate the Dabur India stock. Dabur India appears set to deliver earnings growth of 22-25 per cent (annualised) over the next three years, on the ... More
Birla Sun Life Basic Industries: HoldInvestors can retain their investments in Birla Sun Life Basic Industries. Its consistent performance over the three- and five-year periods makes it a good investment choice. There was, however, a change in the scheme’s management ... More
GlaxoSmithKline Pharma: HoldMore
Cords Cable Industries: InvestMore
J. Kumar Infra: AvoidMore
Exide Industries: Invest
GlaxoSmithKline Pharma: Hold
More
Green signalReligare Enterprises’ proposed asset management joint venture with AEGON has received the in-principle sponsor approval from SEBI. Religare would be entering into the business through a100 per cent subsidiary. ... More
David n GoliathGayatri Projects has tied up with DLF for constructing road projects on Build-Operate-Transfer basis. Both the companies have agreed to give their financials and technical strengths for the participation in request for qualification and ... More
Kotak-30 : Focus on bankingKotak-30, a large-cap-oriented fund, has consistently beaten its benchmark – the Nifty – over one, three and five year periods. With a little over 30 stocks in its portfolio, the fund holds a compact portfolio. The movement ... More
DWS Investment Opportunity Fund: HoldInvestors in the DWS Investment Opportunity Fund can retain their units in the fund, given its strong performance since launch. With a compounded annual return of about 45 per cent since launch, the fund has kept comfortably ahead of its ... More
Birla Sun Life Basic Industries: HoldInvestors can retain their investments in Birla Sun Life Basic Industries. Its consistent performance over the three- and five-year periods makes it a good investment choice. There was, however, a change in the scheme’s management ... More
Index OutlookReliance Power’s mega public offer probably enveloped our markets in such an optimistic haze that the participants were unable to register the disturbing news-flow from overseas. How else can one account for the Sensex suddenly crashing ... More
Baskets of X More
Bull's Eye More
Trader's CornerMr W. D. Gann is one of the best known names in technical analysis. He gained fame and notoriety through the huge profit that he is said to have amassed from trading in the stock markets. But his theories and concepts remain inscrutable to ... More
DERIVATIVES MARKETS
Nifty future may lose ground
More
Source: www.Businessline.in. 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.
19 January 2008
ET, Moneycontrol Updates
http://economictimes.indiatimes.com/
Reliance Power issue price fixed at Rs 450
Reliance Power IPO lights up rural Maharashtra
Women line up for Reliance Power IPO
R-Power IPO overbooked 72.7 times
REL Power, L&T qualify for Talwandi Sabo power project
Jet Airways to start Mumbai-San Francisco service via China
TRAI to come out with consultation paper on fate of ADC
Amtek Auto to supply engine parts for Tata Nano
Auto firms should focus on electricity driven motors
RBI pumps in Rs 54 billion into market
--------------------------------------------
Moneycontrol.com
ICICI Bank Q3 net profit up at Rs 1230 c...
Mkts to look for cues from Budget next month: Kotak AMC
Mkts likely to see near-term pressure: SBI MF
Mkts should see support at 19K: StanChart Bk
BSE smallcap index: Top gainers and losers
Rel Power IPO subscribed 73x
Wipro sees 7% sequential growth in US
ICICI Bk to complete ICICI Sec IPO by April-June
Mkts to look for cues from Budget next month: Kotak AMC
Wall Street ends lower; Dow slips 60 points
Bad day of trade: 87 advances to 1,148 declines
Source: Economic Times, Moneycontrol. 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.
Reliance Power issue price fixed at Rs 450
Reliance Power IPO lights up rural Maharashtra
Women line up for Reliance Power IPO
R-Power IPO overbooked 72.7 times
REL Power, L&T qualify for Talwandi Sabo power project
Jet Airways to start Mumbai-San Francisco service via China
TRAI to come out with consultation paper on fate of ADC
Amtek Auto to supply engine parts for Tata Nano
Auto firms should focus on electricity driven motors
RBI pumps in Rs 54 billion into market
--------------------------------------------
Moneycontrol.com
ICICI Bank Q3 net profit up at Rs 1230 c...
Mkts to look for cues from Budget next month: Kotak AMC
Mkts likely to see near-term pressure: SBI MF
Mkts should see support at 19K: StanChart Bk
BSE smallcap index: Top gainers and losers
Rel Power IPO subscribed 73x
Wipro sees 7% sequential growth in US
ICICI Bk to complete ICICI Sec IPO by April-June
Mkts to look for cues from Budget next month: Kotak AMC
Wall Street ends lower; Dow slips 60 points
Bad day of trade: 87 advances to 1,148 declines
Source: Economic Times, Moneycontrol. 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.
REL Power and Other IPO news
Rel Pwr IPO gets over $100 bn bids from foreign investors
Speaking at a press conference, Anil Ambani, Group Chairman and CEO, Reliance ADAG said the Reliance Power IPO has got over USD 100 billion bids from foreign investors. He added that it is the largest IPO in the Asia Pacific power sector, reports CNBC-TV18.
The issue price is fixed at Rs 450 per share and the price is upper limit of price band. Retail investors will get a discount of Rs 20 per share, he added. The IPO will have 50 lakh retail investors on listing. Reliance Power will list in early February, he stated. According to Ambani, Reliance Power has no equity dilution plan as of now.
-------------------------------------------------------------
ICICI Bk to complete ICICI Sec IPO by April-June
Enam, JM Fin, Kotak top money collectors in R Power IPO
25% listing price band for issues up to Rs 250cr: ...
KNR Constructions IPO opens on Jan 24
Good IPOs will continue to get good response: Enam
Financial Soft to raise Rs 250 cr; mulls IPO,
Coal India to consider IPO after getting Navr
15% pre-IPO placement to Citigroup likely: Wo
KNR Const to raise Rs 134-142 cr via IPO
----------------------------------------------------
Issues Open Now
Equity
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OnMobile Global (read profile)
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Speaking at a press conference, Anil Ambani, Group Chairman and CEO, Reliance ADAG said the Reliance Power IPO has got over USD 100 billion bids from foreign investors. He added that it is the largest IPO in the Asia Pacific power sector, reports CNBC-TV18.
The issue price is fixed at Rs 450 per share and the price is upper limit of price band. Retail investors will get a discount of Rs 20 per share, he added. The IPO will have 50 lakh retail investors on listing. Reliance Power will list in early February, he stated. According to Ambani, Reliance Power has no equity dilution plan as of now.
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ICICI Bk to complete ICICI Sec IPO by April-June
Enam, JM Fin, Kotak top money collectors in R Power IPO
25% listing price band for issues up to Rs 250cr: ...
KNR Constructions IPO opens on Jan 24
Good IPOs will continue to get good response: Enam
Financial Soft to raise Rs 250 cr; mulls IPO,
Coal India to consider IPO after getting Navr
15% pre-IPO placement to Citigroup likely: Wo
KNR Const to raise Rs 134-142 cr via IPO
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Issues Open Now
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J Kumar Infra (read profile)
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Cords Cable Ind (read profile)
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125-135
21-01
24-01
Messages MC Articles Prospectus
OnMobile Global (read profile)
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KNR Constructio (read profile)
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Results:Guj NRE, Idea, GIC Hsg, Binani cement, IPCA etc
Gujarat NRE net up 3.63 times for Dec `07 qtr (Q3)
Gujarat NRE Coke has registered a 3.63 times growth in net profit, to Rs 499.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 137.70 million in the corresponding quarter last fiscal. Net sales stood at Rs 2,428.00 million in the quarter ended Dec. 31, 2007, as against Rs 1,746.40 million in the same period last year, recording a growth of 39.03%.
Total income reported an increase of 41.07% to Rs 2,525.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,790.40 million for the same period last year.The diluted earning per share (EPS) after extra ordinary items on Dec. 31, 2007 worked out to Rs 1.45.The company is engaged in manufacturing low ash metallurgical coke and steel. It manufactures low ash metallurgical coke (LAMC), has wind mills (27.5 MW), and a mini steel mill manufacturing TMT bars from recycled steel scraps. Shares of the company gained Rs 0.45, or 0.33%, to settle at Rs 138.65. The total volume of shares traded was 1,482,438 at the BSE. (Friday).
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Idea Cellular net up 2.09 times for Dec `07 qtr
Idea Cellular Q3 net more than doubles to Rs 240 cr
Idea Cellular has announced its un-audited results for the quarter ended Dec. 31, 2007
The company registered 2.09 times growth in net profit after tax to Rs 2,371.90 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,136.90 million for the same period last year.
Total Revenue registered a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same period last year.
The company has also announced its consolidated audited results.
The group has posted a net profit after tax of Rs 2,367.70 million for the quarter ended Dec. 31, 2007, a 2.08 times rise, as compared to Rs 1,137.70 million for the quarter ended Dec. 31, 2006.
Total Revenue reported a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same quarter last year.
Shares of the company declined Rs 7, or 4.89%, to settle at Rs 136.05. The total volume of shares traded was 662,515 at the BSE. (Friday).
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GIC Housing Q3 net up 11.92%
GIC Housing Finance has registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter last fiscal. Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.
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Binani Cement net up 12.70% for Dec `07 (QoQ)
Binani Cement registered growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007. Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.
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Kirloskar Brothers net drops 84.99% for Dec `07 qtr
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Sasken Q3 net dips to Rs 3.8 crore
19 Jan, 2008, 1408 hrs IST
Sasken Communication Technologies has reported a dip in Q3 profit at Rs 3.8 crore compared to Rs 12 crore for the corresponding.
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Ipca Laboratories net rises 10.05% in Dec `07 qtr
Ipca Lab Q3 net up 10 pc at Rs 38 cr
Ipca Laboratories has reported a steady jump in net profits for the quarter ended in December 2007. During the quarter, the company experienced a 10.05% rise in profits to Rs 383.40 million from Rs 348.40 million in the quarter ended December 2006.Net sales for the quarter rose 21.21% to Rs 2,817.90 million compared with Rs 2,324.90 million in the corresponding quarter, a year ago.
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Zenith Computers net drops 95.66% in Dec`07 qtr
Kirloskar Pneumatic net rises 17.69% in Dec`07 qtr
Kirloskar Pneumatic Company reported a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 17.69% rise in profit to Rs 51.90 million from Rs 44.10 million in the quarter ended December 2006.Net sales for the quarter rose 20.91% to Rs 983.20 million compared with Rs 813.20 million in the corresponding quarter, a year ago.
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Source: Economic Times, 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.
Gujarat NRE Coke has registered a 3.63 times growth in net profit, to Rs 499.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 137.70 million in the corresponding quarter last fiscal. Net sales stood at Rs 2,428.00 million in the quarter ended Dec. 31, 2007, as against Rs 1,746.40 million in the same period last year, recording a growth of 39.03%.
Total income reported an increase of 41.07% to Rs 2,525.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,790.40 million for the same period last year.The diluted earning per share (EPS) after extra ordinary items on Dec. 31, 2007 worked out to Rs 1.45.The company is engaged in manufacturing low ash metallurgical coke and steel. It manufactures low ash metallurgical coke (LAMC), has wind mills (27.5 MW), and a mini steel mill manufacturing TMT bars from recycled steel scraps. Shares of the company gained Rs 0.45, or 0.33%, to settle at Rs 138.65. The total volume of shares traded was 1,482,438 at the BSE. (Friday).
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Idea Cellular net up 2.09 times for Dec `07 qtr
Idea Cellular Q3 net more than doubles to Rs 240 cr
Idea Cellular has announced its un-audited results for the quarter ended Dec. 31, 2007
The company registered 2.09 times growth in net profit after tax to Rs 2,371.90 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,136.90 million for the same period last year.
Total Revenue registered a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same period last year.
The company has also announced its consolidated audited results.
The group has posted a net profit after tax of Rs 2,367.70 million for the quarter ended Dec. 31, 2007, a 2.08 times rise, as compared to Rs 1,137.70 million for the quarter ended Dec. 31, 2006.
Total Revenue reported a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same quarter last year.
Shares of the company declined Rs 7, or 4.89%, to settle at Rs 136.05. The total volume of shares traded was 662,515 at the BSE. (Friday).
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GIC Housing Q3 net up 11.92%
GIC Housing Finance has registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter last fiscal. Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.
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Binani Cement net up 12.70% for Dec `07 (QoQ)
Binani Cement registered growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007. Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.
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Kirloskar Brothers net drops 84.99% for Dec `07 qtr
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Sasken Q3 net dips to Rs 3.8 crore
19 Jan, 2008, 1408 hrs IST
Sasken Communication Technologies has reported a dip in Q3 profit at Rs 3.8 crore compared to Rs 12 crore for the corresponding.
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Ipca Laboratories net rises 10.05% in Dec `07 qtr
Ipca Lab Q3 net up 10 pc at Rs 38 cr
Ipca Laboratories has reported a steady jump in net profits for the quarter ended in December 2007. During the quarter, the company experienced a 10.05% rise in profits to Rs 383.40 million from Rs 348.40 million in the quarter ended December 2006.Net sales for the quarter rose 21.21% to Rs 2,817.90 million compared with Rs 2,324.90 million in the corresponding quarter, a year ago.
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Zenith Computers net drops 95.66% in Dec`07 qtr
Kirloskar Pneumatic net rises 17.69% in Dec`07 qtr
Kirloskar Pneumatic Company reported a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 17.69% rise in profit to Rs 51.90 million from Rs 44.10 million in the quarter ended December 2006.Net sales for the quarter rose 20.91% to Rs 983.20 million compared with Rs 813.20 million in the corresponding quarter, a year ago.
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Source: Economic Times, 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.
ICICI Bank Q3 net up 35%; IPO of brokerage arm approved
ICICI Bank Q3 net up 35%; IPO of brokerage arm approved
ICICI Bank, the country's biggest private lender on Saturday reported 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore compared to Rs 910 crore in the year-ago period. The bank clocked a total income of Rs 10,338 crore in the October-December quarter as compared to Rs 7,581 crore in the year-ago period, an increase of 36 per cent.
Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.
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ICICI Bank net up 35.18% for Q3
ICICI Bank has announced its audited results for the quarter ended Dec. 31, 2007. The bank has registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago.The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period previous year.
The bank has also announced its un-audited consolidated results.
The bank has registered a growth of 26.69% in net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended December 31, 2007, as compared to Rs 105,963.10 million for the same period last year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday).
Source: Economic Times, 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.
ICICI Bank, the country's biggest private lender on Saturday reported 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore compared to Rs 910 crore in the year-ago period. The bank clocked a total income of Rs 10,338 crore in the October-December quarter as compared to Rs 7,581 crore in the year-ago period, an increase of 36 per cent.
Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.
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ICICI Bank net up 35.18% for Q3
ICICI Bank has announced its audited results for the quarter ended Dec. 31, 2007. The bank has registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago.The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period previous year.
The bank has also announced its un-audited consolidated results.
The bank has registered a growth of 26.69% in net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended December 31, 2007, as compared to Rs 105,963.10 million for the same period last year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday).
Source: Economic Times, 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.
Weekly wrap up: Sensex registers 1,813.75 pts fall
Weekly wrap up: Sensex registers 1,813.75 pts fall
Technical outlook: Downtrend may continue further
Brokers` outlook: Temporary bounce back likely on Monday
India`s benchmark index, Sensex saw worst weekly loss since last 20 month, as overseas investors are pulling back funds from Indian as well as global markets on concern that the plans to revive the US economy worth USD 150 billion of Bush administration will be unable to prevent recession. Domestic investors also liquidated stocks to subscribe to the biggest initial public offering of Anil Ambani promoted Reliance Power, which was subscribed 73 times on closing, in anticipation of earning handsome gains. The broad based decline in the markets was led by tech, oil & gas, bank, realty and metal shares. The 30 share index lost 1,813.75 points, or 8.70%, to 19,013.70 in the week ended Jan. 18, 2008, whereas the broad based NSE Nifty fell 494.8 points, or 7.98%, to 5,705.30 in the same period.
Overseas investors were net buyers in equities worth Rs 40.65 billion in the period of January 14 to 17. As per the provisional figures, overseas investors sold net of Rs 21.47 billion worth equities on January 18.
Major corporate developmentsIndia`s largest private sector company Reliance Industries (RIL) announced 2.89 times rise in net profit after tax at Rs 80,790 million for the third quarter ended December 2007 as compared to Rs 27,990 million for the quarter ended December 2006. Total Income has increased 31.37% to Rs 348,310 million for the quarter ended December 2007 from Rs 265,140 million for the quarter ended December 2006.Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy on Thursday announced a 50% jump in net profit at Rs 3,016.00 million for the quarter ended December 2007 as compared to Rs 2,010.30 million for the quarter ended December 2006. Total Income has increased a meager 1.8% to Rs 18,534.10 million for the quarter ended December 2007 from Rs 18,204.30 million for the quarter ended December 2006. India`s largest pharmaceutical company, Ranbaxy Laboratories announced a substantial fall of 65.20% in earnings in the quarter ended Dec. 31, 2007, to Rs 484 million compared with Rs 1,390.70 million in the same quarter, last year. Net sales for the quarter rose marginally 1.24% to Rs 9,933.20 million, while the total income for the quarter climbed 8% to Rs 11,181.10 million, when compared with the corresponding quarter, a year ago.LIC Housing Finance, promoted by nation`s biggest insurer Life Insurance Corporation of India, announced a substantial rise of 38.39% in earnings in the quarter ended Dec. 31, 2007 to Rs 1,060.20 million compared with Rs 766.10 million in the prior year period. The total income for the quarter climbed 36.17% to Rs 5,516.20 million, when compared with the corresponding quarter, a year ago.IDBI announced a 38.69% jump in net profit at Rs 1,758.40 million for the quarter ended December 2007 as compared to Rs 1,267.90 million for the quarter ended December 2006. Total Income increased 31.62% to Rs 24,713.90 million for the quarter ended December 2007 from Rs 18,776.50 million for the quarter ended December 2006.Technology major, Wipro announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit to Rs 13,266.70 million for the quarter ended December 2007 from Rs 11,161 million in the same quarter, last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago.ITC posted a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million in the same quarter, last year.
New ListingShares of Porwal Auto Components (PACL), a leading manufacturer of automotive components, after listing on bourses, settled at 6.20% premium on the Bombay Stock Exchange (BSE). Shares opened at a premium of Rs 4.85, or 6.46%, at Rs 79.85 as compared with the issue price of Rs 75 a share. It finally closed with a premium of Rs 4.65, or 6.20%, at Rs 79.65.
Source: 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.
Technical outlook: Downtrend may continue further
Brokers` outlook: Temporary bounce back likely on Monday
India`s benchmark index, Sensex saw worst weekly loss since last 20 month, as overseas investors are pulling back funds from Indian as well as global markets on concern that the plans to revive the US economy worth USD 150 billion of Bush administration will be unable to prevent recession. Domestic investors also liquidated stocks to subscribe to the biggest initial public offering of Anil Ambani promoted Reliance Power, which was subscribed 73 times on closing, in anticipation of earning handsome gains. The broad based decline in the markets was led by tech, oil & gas, bank, realty and metal shares. The 30 share index lost 1,813.75 points, or 8.70%, to 19,013.70 in the week ended Jan. 18, 2008, whereas the broad based NSE Nifty fell 494.8 points, or 7.98%, to 5,705.30 in the same period.
Overseas investors were net buyers in equities worth Rs 40.65 billion in the period of January 14 to 17. As per the provisional figures, overseas investors sold net of Rs 21.47 billion worth equities on January 18.
Major corporate developmentsIndia`s largest private sector company Reliance Industries (RIL) announced 2.89 times rise in net profit after tax at Rs 80,790 million for the third quarter ended December 2007 as compared to Rs 27,990 million for the quarter ended December 2006. Total Income has increased 31.37% to Rs 348,310 million for the quarter ended December 2007 from Rs 265,140 million for the quarter ended December 2006.Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy on Thursday announced a 50% jump in net profit at Rs 3,016.00 million for the quarter ended December 2007 as compared to Rs 2,010.30 million for the quarter ended December 2006. Total Income has increased a meager 1.8% to Rs 18,534.10 million for the quarter ended December 2007 from Rs 18,204.30 million for the quarter ended December 2006. India`s largest pharmaceutical company, Ranbaxy Laboratories announced a substantial fall of 65.20% in earnings in the quarter ended Dec. 31, 2007, to Rs 484 million compared with Rs 1,390.70 million in the same quarter, last year. Net sales for the quarter rose marginally 1.24% to Rs 9,933.20 million, while the total income for the quarter climbed 8% to Rs 11,181.10 million, when compared with the corresponding quarter, a year ago.LIC Housing Finance, promoted by nation`s biggest insurer Life Insurance Corporation of India, announced a substantial rise of 38.39% in earnings in the quarter ended Dec. 31, 2007 to Rs 1,060.20 million compared with Rs 766.10 million in the prior year period. The total income for the quarter climbed 36.17% to Rs 5,516.20 million, when compared with the corresponding quarter, a year ago.IDBI announced a 38.69% jump in net profit at Rs 1,758.40 million for the quarter ended December 2007 as compared to Rs 1,267.90 million for the quarter ended December 2006. Total Income increased 31.62% to Rs 24,713.90 million for the quarter ended December 2007 from Rs 18,776.50 million for the quarter ended December 2006.Technology major, Wipro announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit to Rs 13,266.70 million for the quarter ended December 2007 from Rs 11,161 million in the same quarter, last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago.ITC posted a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million in the same quarter, last year.
New ListingShares of Porwal Auto Components (PACL), a leading manufacturer of automotive components, after listing on bourses, settled at 6.20% premium on the Bombay Stock Exchange (BSE). Shares opened at a premium of Rs 4.85, or 6.46%, at Rs 79.85 as compared with the issue price of Rs 75 a share. It finally closed with a premium of Rs 4.65, or 6.20%, at Rs 79.65.
Source: 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.
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