Deccan Chronicle Q3 net profit at Rs 103 cr view table
28th-Jan-2008
Deccan Chronicle Holdings has announced its third quarter numbers. It has posted net profit of Rs 103 crore for the quarter ended December 2007 as against Rs 48.4 crore in same period of last year and net sales of Rs 216 crore.
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Federal Bank Q3net profit at Rs 102.9 cr view table
28th-Jan-2008
Federal Bank has declared its third quarter results. Its Q3 NII stood at Rs 203.7 crore versus Rs 178.3 crore.
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Unity Infra Q3 PAT up 31% at Rs 17.76 cr view table
28th-Jan-2008
Unity Infraprojects has announced its Q3FY08 numbers. It has posted 31% growth in its Q3 profit after tax of Rs 17.76 crore versus Rs 13.59 crore. Net sales went up 48% at Rs 231.53 crore as against Rs 156 crore and operating profit margin stood at 13.65%
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Cholamandalam Q3 PAT up at Rs 20.2 cr view table
28th-Jan-2008
Cholamandalam DBS Finance has announced its third quarter results. The company’s Q3 non-consolidated net profit was up at Rs 20.2 crore (Rs 202 million) versus Rs 7.2 crore (Rs 72 million), YoY.
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PTC India Q3 net profit at Rs 6.2 cr view table
28th-Jan-2008
PTC India has decalred its third quarter results. The company’s Q3 net profit was down at Rs 6.2 crore (Rs 62 million) versus Rs 8.6 crore (Rs 86 crore), YoY.
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Emkay Share Q3 net profit up at Rs 9.4 crore view table
28th-Jan-2008
Emkay Share has announced its third quarter results. The company’s Q3 net profit was up at Rs 9.4 crore (Rs 94 million) from Rs 2.3 (Rs 23 million), YoY.
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Jyoti Structure Q3 net profit at Rs 20.1 crore view table
28th-Jan-2008
Jyoti Structure has declared its third quarter results. The company’s Q3 net profit was up at Rs 20.1 crore (Rs 201 million) from Rs 17.4 Cr (Rs 174 million), YoY.
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Tata Tea Q3 cons net profit at Rs 1307.3 cr view table
28th-Jan-2008
Tata Tea's consolidated net profit went up at Rs 1,307.3 crore as against Rs 117.2 crore (Inclusive of Glaceau stake sale). Consolidated net profit of Rs 1,307.3 crore included one time gain of Rs 1,605 crore.
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Sundaram Clayton Q3 net profit at Rs 23.44 cr
28th-Jan-2008
Sundaram Clayton has declared its third quarter results. Its net sales were at Rs 247.59 crore versus Rs 204.72 crore, YoY.
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Results on Tuesday
Results Calender
Adani Enterpris 29-Jan-08
Ador Welding 29-Jan-08
Akruti City 29-Jan-08
Alpa Laboratori 29-Jan-08
Alps Industries 29-Jan-08
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Archies 29-Jan-08
Asian Hotels 29-Jan-08
Asian Paints 29-Jan-08
Avanti Feeds 29-Jan-08
Bajaj Auto Fin 29-Jan-08
Banswara Syntex 29-Jan-08
Bell Ceramics 29-Jan-08
Birla Ericsson 29-Jan-08
Blue Star Info 29-Jan-08
Bombay Dyeing 29-Jan-08
C and C Const 29-Jan-08
Chetinad Cem 29-Jan-08
Cinemax India 29-Jan-08
Clutch Auto 29-Jan-08
Consolidated Co 29-Jan-08
Cybertech 29-Jan-08
Dabur India 29-Jan-08
Deccan Cements 29-Jan-08
Dredging Cor 29-Jan-08
Eicher Motors 29-Jan-08
Eimco Elecon 29-Jan-08
Elder Pharma 29-Jan-08
Elecon Eng 29-Jan-08
Essar Oil 29-Jan-08
ETP Corporation 29-Jan-08
Firstsource Sol 29-Jan-08
Gangotri Textil 29-Jan-08
GE Shipping 29-Jan-08
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GlaxoSmith Con 29-Jan-08
GNFC 29-Jan-08
Godawari Power 29-Jan-08
Godrej Ind 29-Jan-08
Guj Mineral 29-Jan-08
Guj Sidhee Cem 29-Jan-08
Gulshan Poly 29-Jan-08
Gulshan Sugars 29-Jan-08
Havells India 29-Jan-08
Hind Oil Explor 29-Jan-08
Hinduja Venture 29-Jan-08
Hitachi Home 29-Jan-08
HMT 29-Jan-08
Hotel Rugby 29-Jan-08
HOV Services 29-Jan-08
Hyderabad Ind 29-Jan-08
IFGL Refractory 29-Jan-08
Impex FerroTech 29-Jan-08
Ind Motor Parts 29-Jan-08
Ind-Swift Labs 29-Jan-08
Indian Hume Pip 29-Jan-08
Indo Rama Synth 29-Jan-08
Indoco Remedies 29-Jan-08
Indraprastha 29-Jan-08
Insecticides In 29-Jan-08
ITI 29-Jan-08
JagranPrakashan 29-Jan-08
Jayshree Tea 29-Jan-08
JB Chemicals 29-Jan-08
JHS Svendgaard 29-Jan-08
JK Cement 29-Jan-08
JK Tyre & Ind 29-Jan-08
JM Financial 29-Jan-08
JSW Steel 29-Jan-08
Kabra Extrusion 29-Jan-08
Kalpataru Power 29-Jan-08
Karur Vysya 29-Jan-08
Keynote Corp Se 29-Jan-08
KRBL 29-Jan-08
Krishna Eng 29-Jan-08
KS Oils 29-Jan-08
Lakshmi Prec 29-Jan-08
Lanco Infratech 29-Jan-08
Lumax Auto 29-Jan-08
Mah Scooters 29-Jan-08
Mahindra Life 29-Jan-08
Maral Overseas 29-Jan-08
Maruti Suzuki 29-Jan-08
Maxwell Apparel 29-Jan-08
Mcleod Rus 29-Jan-08
Mundra Port 29-Jan-08
NALCO 29-Jan-08
Navneet 29-Jan-08
Neelkanth Rock 29-Jan-08
Nippo Batteries 29-Jan-08
Nirma 29-Jan-08
NRB Bearings 29-Jan-08
Nucent Finance 29-Jan-08
Opto Circuits 29-Jan-08
Oudh Sugar Mill 29-Jan-08
Paper Products 29-Jan-08
Patel Integrate 29-Jan-08
Pearl Global 29-Jan-08
Percot Mills 29-Jan-08
Pioneer Embroi 29-Jan-08
Piramyd Retail 29-Jan-08
Plastiblends 29-Jan-08
Praj Industries 29-Jan-08
Prithvi Info 29-Jan-08
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Pyramid Saimira 29-Jan-08
Rajdarshan Ind 29-Jan-08
Rajvir Ind 29-Jan-08
Rane Holdings 29-Jan-08
Regency Ceramic 29-Jan-08
Renaissance Jew 29-Jan-08
Rishi Laser 29-Jan-08
Rohit Ferro Tec 29-Jan-08
Ruby Mills 29-Jan-08
SAIL 29-Jan-08
Sakthi Sugars 29-Jan-08
Sangam India 29-Jan-08
Sanguine Media 29-Jan-08
Sharyans Res 29-Jan-08
Shri Rama Multi 29-Jan-08
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Silicon Valley 29-Jan-08
Simplex Project 29-Jan-08
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Subex 29-Jan-08
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Syndicate Bank 29-Jan-08
Tata Power 29-Jan-08
Thermax 29-Jan-08
Thiru Arooran 29-Jan-08
Thomas Cook 29-Jan-08
Torrent Power 29-Jan-08
Triveni Eng 29-Jan-08
Triveni Engg 29-Jan-08
TTK Prestige 29-Jan-08
Universal Cable 29-Jan-08
Usha Martin 29-Jan-08
Vardhman Acryli 29-Jan-08
Vardhman Poly 29-Jan-08
Vindhya Telelin 29-Jan-08
Vinyl Chemicals 29-Jan-08
Voltamp Trans 29-Jan-08
Wall Street Fin 29-Jan-08
Williamson Mago 29-Jan-08
Wire & Wireless 29-Jan-08
Yes Bank 29-Jan-08
Zee Entertain 29-Jan-08
Zenithexpo 29-Jan-08
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28 January 2008
Results: LNT, Dr.Reddy, JSPL, VSNL, Divis, Matrix, Educomp, DC, Indian Hotel, Sadbhav, Bharti Shipyard, Jetairways, GVK power, Simplex infra etc
L&T Q3 net profit up 40% YoY
Larsen & Toubro’s net profit for the quarter ended Dec 31, 2007 rose 40.10 per cent to Rs 481.79 crore against Rs 343.90 crore in the same quarter of previous year. Total income increased 52.69 per cent to Rs 6,483.55 crore from Rs 4,224.49 crore in the quarter ended Dec 2006.
Dr Reddy's down 11% as Q3 disappoints
The pharma major reported a net profit of Rs 42.29 crore for the quarter ended Dec 31, 2007, against Rs 503.40 crore in the same quarter of previous year. Total income decreased 32.29 per cent to Rs 820.68 crore from Rs 121.21 crore in the quarter ended Dec 2006. On a consolidated basis, the group posted a net profit of Rs 62.55 crore for the Oct-Dec quarter of 2007, down 91.6 per cent compared with Rs 105.63 crore in the year earlier quarter. Total income decreased 17 per cent to Rs 1,265.98 crore from Rs 1,521.48 crore in the same quarter of 2006. As per US GAAP, the group posted a net loss of Rs 84.66 crore for the quarter ended Dec 31, 2007 against a net profit of Rs 187.94 crore last year. On Friday, the stock had closed higher by 6.73 per cent at Rs 605.40 on Friday, as the earnings came post market hours.
VSNL Q3 net profit slumps 93%; share down 9%
Videsh Sanchar Nigam Ltd has posted a net profit of Rs 9.52 crore for the quarter ended Dec 31, 2007, down more than 93 per cent compared to Rs 142.28 crore in the same quarter of 2006. Total income for the quarter increased to Rs 1113.52 crore from Rs 1112.25 crore in the quarter ended Dec 31, 2006. On Friday, VSNL shares closed up 6.40 per cent at Rs 554.90 on the back of the broad market recovery. Today the share was down 9 per cent at Rs 505 on BSE.
Educomp Solutions Q3 net profit up 131.62%
Educomp Solutions' net profit for the quarter ended Dec 31, 2007 rose 131.62 per cent to Rs 19.02 crore against Rs 8.21 crore in the same quarter of earlier year. Net sales increased 159.39 per cent to Rs 71.52 crore from Rs 27.57 crore in the same quarter of 2006. At 12:11 pm, Educomp shares were down 5.44 per cent at Rs 3,923.95 on BSE.
Deccan Chronicle Q3 net profit up 112%; forms JV with Group M
Deccan Chronicle Holdings has posted a net profit of Rs 102.94 crore for the quarter ended Dec 31, 2007, compared with Rs 48.44 crore in the year-ago quarter. This represents a growth of 112 per cent. Net sales for the Oct-Dec period was higher by over 47 per cent at Rs 216.20 crore compared to Rs 146.39 crore in the same quarter previous year. The company has announced the formation of a joint venture with Group M (a WPP company), to explore the sport and event management space through its subsidiary Sieger Solutions Ltd. The board has taken on record the winning bid of $107 million for Indian Premier League for Hyderabad team. The company has also approved the launch of a financial daily and appointed Shubhrangshu Roy as chief operating officer.
Divi's Laboratories net profit rises 207.55% in the December 2007 quarter
Net profit of Divi's Laboratories rose 207.55% to Rs 100.66 crore in the quarter ended December 2007 as against Rs 32.73 crore during the previous quarter ended December 2006. Sales rose 89.96% to Rs 284.22 crore in the quarter ended December 2007 as against Rs 149.62 crore during the previous quarter ended December 2006.
Jindal Steel & Power net profit rises 68.01% in the December 2007 quarter
Net profit of Jindal Steel & Power rose 68.01% to Rs 319.05 crore in the quarter ended December 2007 as against Rs 189.90 crore during the previous quarter ended December 2006. Sales rose 38.17% to Rs 1395.61 crore in the quarter ended December 2007 as against Rs 1010.06 crore during the previous quarter ended December 2006
Sadbhav Engineering net profit rises 39.17% in the December 2007 quarter
Net profit of Sadbhav Engineering rose 39.17% to Rs 13.68 crore in the quarter ended December 2007 as against Rs 9.83 crore during the previous quarter ended December 2006. Sales rose 52.22% to Rs 230.08 crore in the quarter ended December 2007 as against Rs 151.15 crore during the previous quarter ended December 2006.
Apar Industries net profit rises 14.15% in the December 2007 quarter
Net profit of Apar Industries rose 14.15% to Rs 13.71 crore in the quarter ended December 2007 as against Rs 12.01 crore during the previous quarter ended December 2006. Sales rose 30.88% to Rs 472.90 crore in the quarter ended December 2007 as against Rs 361.31 crore during the previous quarter ended December 2006.
JIK Industries reports net loss of Rs 0.56 crore in the December 2007 quarter
Zenith Birla India net profit rises 14.35% in the December 2007 quarter
Munjal Auto Industries net profit declines 65.69% in the December 2007 quarter
Sai Service Station net profit rises 23.44% in the December 2007 quarter
First Leasing Company of India net profit declines 6.65% in the December 2007 quarter
JK Paper net profit declines 34.89% in the December 2007 quarter
Radaan Mediaworks (I) net profit declines 38.71% in the December 2007 quarter
Sakuma Exports net profit rises 101.00% in the December 2007 quarter
Surana Industries net profit rises 40.87% in the December 2007 quarter
Net profit of Surana Industries rose 40.87% to Rs 6.79 crore in the quarter ended December 2007 as against Rs 4.82 crore during the previous quarter ended December 2006. Sales rose 23.48% to Rs 165.00 crore in the quarter ended December 2007 as against Rs 133.63 crore during the previous quarter ended December 2006
Indian Hotels Co net profit rises 52.95% in the December 2007 quarter
Net profit of Indian Hotels Co rose 52.95% to Rs 134.58 crore in the quarter ended December 2007 as against Rs 87.99 crore during the previous quarter ended December 2006. Sales rose 27.05% to Rs 520.62 crore in the quarter ended December 2007 as against Rs 409.76 crore during the previous quarter ended December 2006
Bharati Shipyard net profit rises 51.39% in the December 2007 quarter
Net profit of Bharati Shipyard rose 51.39% to Rs 26.69 crore in the quarter ended December 2007 as against Rs 17.63 crore during the previous quarter ended December 2006. Sales rose 68.71% to Rs 176.22 crore in the quarter ended December 2007 as against Rs 104.45 crore during the previous quarter ended December 2006.
Sundaram Clayton net profit declines 2.25% in the December 2007 quarter
Aarti Drugs net profit rises 34.98% in the December 2007 quarter
Net profit of Aarti Drugs rose 34.98% to Rs 3.28 crore in the quarter ended December 2007 as against Rs 2.43 crore during the previous quarter ended December 2006. Sales declined 4.45% to Rs 66.59 crore in the quarter ended December 2007 as against Rs 69.69 crore during the previous quarter ended December 2006.
Zylog Systems reports net profit of Rs 23.44 crore in the December 2007 quarter
Zylog Systems reported net profit of Rs 23.44 crore in the quarter ended December 2007. Sales reported at Rs 159.89 crore in the quarter ended December 2007.
HTMT Global Solutions reports net profit of Rs 17.08 crore in the December 2007 quarter
HTMT Global Solutions reported net profit of Rs 17.08 crore in the quarter ended December 2007. Sales reported at Rs 95.37 crore in the quarter ended December 2007
Jet Airways (India) reports net loss of Rs 91.12 crore in the December 2007 quarter
Diamond Power Infrastructure net profit rises 75.03% in the December 2007 quarter
Net profit of Diamond Power Infrastructure rose 75.03% to Rs 13.32 crore in the quarter ended December 2007 as against Rs 7.61 crore during the previous quarter ended December 2006. Sales rose 95.81% to Rs 126.96 crore in the quarter ended December 2007 as against Rs 64.84 crore during the previous quarter ended December 2006.
Shriram City Union Finance net profit rises 82.15% in the December 2007 quarter
Net profit of Shriram City Union Finance rose 82.15% to Rs 25.30 crore in the quarter ended December 2007 as against Rs 13.89 crore during the previous quarter ended December 2006. Sales rose 76.47% to Rs 158.40 crore in the quarter ended December 2007 as against Rs 89.76 crore during the previous quarter ended December 2006.
Kolte Patil Developers reports net profit of Rs 29.21 crore in the December 2007 quarter
Kolte Patil Developers reported net profit of Rs 29.21 crore in the quarter ended December 2007. Sales reported at Rs 84.46 crore in the quarter ended December 2007
Sundaram Finance net profit rises 423.71% in the December 2007 quarter
Net profit of Sundaram Finance rose 423.71% to Rs 118.62 crore in the quarter ended December 2007 as against Rs 22.65 crore during the previous quarter ended December 2006. Sales rose 38.10% to Rs 231.55 crore in the quarter ended December 2007 as against Rs 167.67 crore during the previous quarter ended December 2006
Kalyani Forge net profit declines 3.07% in the December 2007 quarter
Mirza International net profit declines 74.38% in the December 2007 quarter
Himalya International net profit rises 93.63% in the December 2007 quarter
Net profit of Himalya International rose 93.63% to Rs 3.04 crore in the quarter ended December 2007 as against Rs 1.57 crore during the previous quarter ended December 2006. Sales rose 51.50% to Rs 12.65 crore in the quarter ended December 2007 as against Rs 8.35 crore during the previous quarter ended December 2006.
Zensar Technologies net profit rises 29.66% in the December 2007 quarter
Net profit of Zensar Technologies rose 29.66% to Rs 10.36 crore in the quarter ended December 2007 as against Rs 7.99 crore during the previous quarter ended December 2006. Sales rose 30.78% to Rs 87.73 crore in the quarter ended December 2007 as against Rs 67.08 crore during the previous quarter ended December 2006
GVK Power & Infrastructure net profit rises 3286.67% in the December 2007 quarter
Net profit of GVK Power & Infrastructure rose 3286.67% to Rs 35.56 crore in the quarter ended December 2007 as against Rs 1.05 crore during the previous quarter ended December 2006. Sales rose 46.15% to Rs 3.80 crore in the quarter ended December 2007 as against Rs 2.60 crore during the previous quarter ended December 2006.
CitiPort Financial Services net profit rises 300.00% in the December 2007 quarter
Hawkins Cooker net profit rises 90.73% in the December 2007 quarter
eClerx Services reports net profit of Rs 11.72 crore in the December 2007 quarter
eClerx Services reported net profit of Rs 11.72 crore in the quarter ended December 2007. Sales reported at Rs 31.24 crore in the quarter ended December 2007.
Selan Explorations Technology net profit rises 110.22% in the December 2007 quarter
Aarti Industries net profit rises 233.98% in the December 2007 quarter
Net profit of Aarti Industries rose 233.98% to Rs 13.86 crore in the quarter ended December 2007 as against Rs 4.15 crore during the previous quarter ended December 2006. Sales rose 53.14% to Rs 269.72 crore in the quarter ended December 2007 as against Rs 176.13 crore during the previous quarter ended December 2006
Simplex Infrastructures net profit rises 27.41% in the December 2007 quarter
Net profit of Simplex Infrastructures rose 27.41% to Rs 22.03 crore in the quarter ended December 2007 as against Rs 17.29 crore during the previous quarter ended December 2006. Sales rose 65.38% to Rs 703.98 crore in the quarter ended December 2007 as against Rs 425.67 crore during the previous quarter ended December 2006.
Core Projects & Technologies net profit rises 217.75% in the December 2007 quarter
Net profit of Core Projects & Technologies rose 217.75% to Rs 10.74 crore in the quarter ended December 2007 as against Rs 3.38 crore during the previous quarter ended December 2006. Sales rose 190.15% to Rs 51.85 crore in the quarter ended December 2007 as against Rs 17.87 crore during the previous quarter ended December 2006.
Britannia Industries net profit rises 176.83% in the December 2007 quarter
Net profit of Britannia Industries rose 176.83% to Rs 45.40 crore in the quarter ended December 2007 as against Rs 16.40 crore during the previous quarter ended December 2006. Sales rose 15.71% to Rs 656.40 crore in the quarter ended December 2007 as against Rs 567.30 crore during the previous quarter ended December 2006.
Venus Remedies net profit rises 50.53% in the December 2007 quarter
Net profit of Venus Remedies rose 50.53% to Rs 11.32 crore in the quarter ended December 2007 as against Rs 7.52 crore during the previous quarter ended December 2006. Sales rose 52.52% to Rs 57.88 crore in the quarter ended December 2007 as against Rs 37.95 crore during the previous quarter ended December 2006.
Salzer Electronics net profit rises 43.75% in the December 2007 quarter
Manali Petrochemical net profit declines 80.48% in the December 2007 quarter
HCL Infosystems net profit rises 139.33% in the December 2007 quarter
Net profit of HCL Infosystems rose 139.33% to Rs 83.19 crore in the quarter ended December 2007 as against Rs 34.76 crore during the previous quarter ended December 2006. Sales rose 434.80% to Rs 3260.36 crore in the quarter ended December 2007 as against Rs 609.64 crore during the previous quarter ended December 2006.
Rama Newsprint & Paper net profit declines 95.31% in the December 2007 quarter
Dhampur Sugar Mills net profit declines 13.64% in the December 2007 quarter
FDC net profit rises 59.74% in the December 2007 quarter
Net profit of FDC rose 59.74% to Rs 21.15 crore in the quarter ended December 2007 as against Rs 13.24 crore during the previous quarter ended December 2006. Sales rose 20.75% to Rs 121.50 crore in the quarter ended December 2007 as against Rs 100.62 crore during the previous quarter ended December 2006.
Ingersoll-Rand (India) net profit rises 474.31% in the December 2007 quarter
Net profit of Ingersoll-Rand (India) rose 474.31% to Rs 83.16 crore in the quarter ended December 2007 as against Rs 14.48 crore during the previous quarter ended December 2006. Sales declined 20.76% to Rs 134.57 crore in the quarter ended December 2007 as against Rs 169.82 crore during the previous quarter ended December 2006
Max India net profit rises 444.16% in the December 2007 quarter
Net profit of Max India rose 444.16% to Rs 20.95 crore in the quarter ended December 2007 as against Rs 3.85 crore during the previous quarter ended December 2006. Sales rose 69.86% to Rs 77.49 crore in the quarter ended December 2007 as against Rs 45.62 crore during the previous quarter ended December 2006.
JSW Steel net profit declines 9.38% in the December 2007 quarter
Net profit of JSW Steel declined 9.38% to Rs 328.18 crore in the quarter ended December 2007 as against Rs 362.15 crore during the previous quarter ended December 2006. Sales rose 11.37% to Rs 2563.08 crore in the quarter ended December 2007 as against Rs 2301.50 crore during the previous quarter ended December 2006
Hindustan Motors reports net profit of Rs 28.76 crore in the December 2007 quarter
Hindustan Motors reported net profit of Rs 28.76 crore in the quarter ended December 2007 as against net loss of Rs 13.85 crore during the previous quarter ended December 2006. Sales declined 11.97% to Rs 147.34 crore in the quarter ended December 2007 as against Rs 167.37 crore during the previous quarter ended December 2006.
Hindustan Petroleum Corporation reports net loss of Rs 15.73 crore in the December 2007 quarter
Suven Life Sciences net profit declines 47.52% in the December 2007 quarter
Net profit of Suven Life Sciences declined 47.52% to Rs 2.01 crore in the quarter ended December 2007 as against Rs 3.83 crore during the previous quarter ended December 2006. Sales declined 9.03% to Rs 28.40 crore in the quarter ended December 2007 as against Rs 31.22 crore during the previous quarter ended December 2006.
DCW net profit rises 117.82% in the December 2007 quarter
Net profit of DCW rose 117.82% to Rs 13.81 crore in the quarter ended December 2007 as against Rs 6.34 crore during the previous quarter ended December 2006. Sales rose 71.80% to Rs 208.91 crore in the quarter ended December 2007 as against Rs 121.60 crore during the previous quarter ended December 2006.
Sunflag Iron & Steel Company net profit declines 18.61% in the December 2007 quarter
Net profit of Sunflag Iron & Steel Company declined 18.61% to Rs 8.66 crore in the quarter ended December 2007 as against Rs 10.64 crore during the previous quarter ended December 2006. Sales rose 27.90% to Rs 260.51 crore in the quarter ended December 2007 as against Rs 203.68 crore during the previous quarter ended December 2006.
Helios & Matheson Information Technology net profit rises 0.26% in the December 2007 quarter
Unity Infraprojects net profit rises 30.68% in the December 2007 quarter
Net profit of Unity Infraprojects rose 30.68% to Rs 17.76 crore in the quarter ended December 2007 as against Rs 13.59 crore during the previous quarter ended December 2006. Sales rose 48.48% to Rs 231.63 crore in the quarter ended December 2007 as against Rs 156.00 crore during the previous quarter ended December 2006
Techno Electric & Engineering Company net profit rises 56.87% in the December 2007 quarter
Net profit of Techno Electric & Engineering Company rose 56.87% to Rs 12.11 crore in the quarter ended December 2007 as against Rs 7.72 crore during the previous quarter ended December 2006. Sales rose 34.32% to Rs 115.11 crore in the quarter ended December 2007 as against Rs 85.70 crore during the previous quarter ended December 2006.
Motherson Sumi Systems net profit rises 2.46% in the December 2007 quarter
Andhra Cements net profit rises 468.22% in the December 2007 quarter
Net profit of Andhra Cements rose 468.22% to Rs 18.24 crore in the quarter ended December 2007 as against Rs 3.21 crore during the previous quarter ended December 2006. Sales rose 73.46% to Rs 89.75 crore in the quarter ended December 2007 as against Rs 51.74 crore during the previous quarter ended December 2006
Man Industries (India) net profit rises 25.87% in the December 2007 quarter
Net profit of Man Industries (India) rose 25.87% to Rs 20.73 crore in the quarter ended December 2007 as against Rs 16.47 crore during the previous quarter ended December 2006. Sales rose 22.66% to Rs 401.23 crore in the quarter ended December 2007 as against Rs 327.11 crore during the previous quarter ended December 2006
Tata Tea net profit declines 37.49% in the December 2007 quarter
Arvind Mills net profit declines 94.59% in the December 2007 quarter
Videocon Industries net profit rises 21.02% in the December 2007 quarter
Net profit of Videocon Industries rose 21.02% to Rs 249.49 crore in the quarter ended December 2007 as against Rs 206.16 crore during the previous quarter ended December 2006. Sales rose 14.74% to Rs 2362.16 crore in the quarter ended December 2007 as against Rs 2058.67 crore during the previous quarter ended December 2006
Facor Alloys net profit rises 325.00% in the December 2007 quarter
Net profit of Facor Alloys rose 325.00% to Rs 15.64 crore in the quarter ended December 2007 as against Rs 3.68 crore during the previous quarter ended December 2006. Sales rose 64.35% to Rs 59.43 crore in the quarter ended December 2007 as against Rs 36.16 crore during the previous quarter ended December 2006.
Sundram Fasteners net profit declines 13.85% in the December 2007 quarter
SKM Egg Products Export India net profit declines 46.15% in the December 2007 quarter
Mudra Lifestyle net profit rises 73.08% in the December 2007 quarter
Net profit of Mudra Lifestyle rose 73.08% to Rs 8.36 crore in the quarter ended December 2007 as against Rs 4.83 crore during the previous quarter ended December 2006. Sales rose 57.59% to Rs 68.85 crore in the quarter ended December 2007 as against Rs 43.69 crore during the previous quarter ended December 2006.
Cholamandalam DBS Finance net profit rises 180.08% in the December 2007 quarter
Net profit of Cholamandalam DBS Finance rose 180.08% to Rs 20.25 crore in the quarter ended December 2007 as against Rs 7.23 crore during the previous quarter ended December 2006. Sales rose 124.69% to Rs 242.55 crore in the quarter ended December 2007 as against Rs 107.95 crore during the previous quarter ended December 2006
Marg net profit rises 16.84% in the December 2007 quarter
Net profit of Marg rose 16.84% to Rs 13.32 crore in the quarter ended December 2007 as against Rs 11.40 crore during the previous quarter ended December 2006. Sales rose 99.83% to Rs 60.05 crore in the quarter ended December 2007 as against Rs 30.05 crore during the previous quarter ended December 2006.
Videsh Sanchar Nigam net profit declines 93.30% in the December 2007 quarterMangalam Cement net profit rises 26.04% in the December 2007 quarter
Matrix Laboratories net profit rises 415.77% in the December 2007 quarter
Net profit of Matrix Laboratories rose 415.77% to Rs 34.35 crore in the quarter ended December 2007 as against Rs 6.66 crore during the previous quarter ended December 2006. Sales rose 50.21% to Rs 275.72 crore in the quarter ended December 2007 as against Rs 183.56 crore during the previous quarter ended December 2006.
Source: http://www.capitalmarket.com and 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.
Larsen & Toubro’s net profit for the quarter ended Dec 31, 2007 rose 40.10 per cent to Rs 481.79 crore against Rs 343.90 crore in the same quarter of previous year. Total income increased 52.69 per cent to Rs 6,483.55 crore from Rs 4,224.49 crore in the quarter ended Dec 2006.
Dr Reddy's down 11% as Q3 disappoints
The pharma major reported a net profit of Rs 42.29 crore for the quarter ended Dec 31, 2007, against Rs 503.40 crore in the same quarter of previous year. Total income decreased 32.29 per cent to Rs 820.68 crore from Rs 121.21 crore in the quarter ended Dec 2006. On a consolidated basis, the group posted a net profit of Rs 62.55 crore for the Oct-Dec quarter of 2007, down 91.6 per cent compared with Rs 105.63 crore in the year earlier quarter. Total income decreased 17 per cent to Rs 1,265.98 crore from Rs 1,521.48 crore in the same quarter of 2006. As per US GAAP, the group posted a net loss of Rs 84.66 crore for the quarter ended Dec 31, 2007 against a net profit of Rs 187.94 crore last year. On Friday, the stock had closed higher by 6.73 per cent at Rs 605.40 on Friday, as the earnings came post market hours.
VSNL Q3 net profit slumps 93%; share down 9%
Videsh Sanchar Nigam Ltd has posted a net profit of Rs 9.52 crore for the quarter ended Dec 31, 2007, down more than 93 per cent compared to Rs 142.28 crore in the same quarter of 2006. Total income for the quarter increased to Rs 1113.52 crore from Rs 1112.25 crore in the quarter ended Dec 31, 2006. On Friday, VSNL shares closed up 6.40 per cent at Rs 554.90 on the back of the broad market recovery. Today the share was down 9 per cent at Rs 505 on BSE.
Educomp Solutions Q3 net profit up 131.62%
Educomp Solutions' net profit for the quarter ended Dec 31, 2007 rose 131.62 per cent to Rs 19.02 crore against Rs 8.21 crore in the same quarter of earlier year. Net sales increased 159.39 per cent to Rs 71.52 crore from Rs 27.57 crore in the same quarter of 2006. At 12:11 pm, Educomp shares were down 5.44 per cent at Rs 3,923.95 on BSE.
Deccan Chronicle Q3 net profit up 112%; forms JV with Group M
Deccan Chronicle Holdings has posted a net profit of Rs 102.94 crore for the quarter ended Dec 31, 2007, compared with Rs 48.44 crore in the year-ago quarter. This represents a growth of 112 per cent. Net sales for the Oct-Dec period was higher by over 47 per cent at Rs 216.20 crore compared to Rs 146.39 crore in the same quarter previous year. The company has announced the formation of a joint venture with Group M (a WPP company), to explore the sport and event management space through its subsidiary Sieger Solutions Ltd. The board has taken on record the winning bid of $107 million for Indian Premier League for Hyderabad team. The company has also approved the launch of a financial daily and appointed Shubhrangshu Roy as chief operating officer.
Divi's Laboratories net profit rises 207.55% in the December 2007 quarter
Net profit of Divi's Laboratories rose 207.55% to Rs 100.66 crore in the quarter ended December 2007 as against Rs 32.73 crore during the previous quarter ended December 2006. Sales rose 89.96% to Rs 284.22 crore in the quarter ended December 2007 as against Rs 149.62 crore during the previous quarter ended December 2006.
Jindal Steel & Power net profit rises 68.01% in the December 2007 quarter
Net profit of Jindal Steel & Power rose 68.01% to Rs 319.05 crore in the quarter ended December 2007 as against Rs 189.90 crore during the previous quarter ended December 2006. Sales rose 38.17% to Rs 1395.61 crore in the quarter ended December 2007 as against Rs 1010.06 crore during the previous quarter ended December 2006
Sadbhav Engineering net profit rises 39.17% in the December 2007 quarter
Net profit of Sadbhav Engineering rose 39.17% to Rs 13.68 crore in the quarter ended December 2007 as against Rs 9.83 crore during the previous quarter ended December 2006. Sales rose 52.22% to Rs 230.08 crore in the quarter ended December 2007 as against Rs 151.15 crore during the previous quarter ended December 2006.
Apar Industries net profit rises 14.15% in the December 2007 quarter
Net profit of Apar Industries rose 14.15% to Rs 13.71 crore in the quarter ended December 2007 as against Rs 12.01 crore during the previous quarter ended December 2006. Sales rose 30.88% to Rs 472.90 crore in the quarter ended December 2007 as against Rs 361.31 crore during the previous quarter ended December 2006.
JIK Industries reports net loss of Rs 0.56 crore in the December 2007 quarter
Zenith Birla India net profit rises 14.35% in the December 2007 quarter
Munjal Auto Industries net profit declines 65.69% in the December 2007 quarter
Sai Service Station net profit rises 23.44% in the December 2007 quarter
First Leasing Company of India net profit declines 6.65% in the December 2007 quarter
JK Paper net profit declines 34.89% in the December 2007 quarter
Radaan Mediaworks (I) net profit declines 38.71% in the December 2007 quarter
Sakuma Exports net profit rises 101.00% in the December 2007 quarter
Surana Industries net profit rises 40.87% in the December 2007 quarter
Net profit of Surana Industries rose 40.87% to Rs 6.79 crore in the quarter ended December 2007 as against Rs 4.82 crore during the previous quarter ended December 2006. Sales rose 23.48% to Rs 165.00 crore in the quarter ended December 2007 as against Rs 133.63 crore during the previous quarter ended December 2006
Indian Hotels Co net profit rises 52.95% in the December 2007 quarter
Net profit of Indian Hotels Co rose 52.95% to Rs 134.58 crore in the quarter ended December 2007 as against Rs 87.99 crore during the previous quarter ended December 2006. Sales rose 27.05% to Rs 520.62 crore in the quarter ended December 2007 as against Rs 409.76 crore during the previous quarter ended December 2006
Bharati Shipyard net profit rises 51.39% in the December 2007 quarter
Net profit of Bharati Shipyard rose 51.39% to Rs 26.69 crore in the quarter ended December 2007 as against Rs 17.63 crore during the previous quarter ended December 2006. Sales rose 68.71% to Rs 176.22 crore in the quarter ended December 2007 as against Rs 104.45 crore during the previous quarter ended December 2006.
Sundaram Clayton net profit declines 2.25% in the December 2007 quarter
Aarti Drugs net profit rises 34.98% in the December 2007 quarter
Net profit of Aarti Drugs rose 34.98% to Rs 3.28 crore in the quarter ended December 2007 as against Rs 2.43 crore during the previous quarter ended December 2006. Sales declined 4.45% to Rs 66.59 crore in the quarter ended December 2007 as against Rs 69.69 crore during the previous quarter ended December 2006.
Zylog Systems reports net profit of Rs 23.44 crore in the December 2007 quarter
Zylog Systems reported net profit of Rs 23.44 crore in the quarter ended December 2007. Sales reported at Rs 159.89 crore in the quarter ended December 2007.
HTMT Global Solutions reports net profit of Rs 17.08 crore in the December 2007 quarter
HTMT Global Solutions reported net profit of Rs 17.08 crore in the quarter ended December 2007. Sales reported at Rs 95.37 crore in the quarter ended December 2007
Jet Airways (India) reports net loss of Rs 91.12 crore in the December 2007 quarter
Diamond Power Infrastructure net profit rises 75.03% in the December 2007 quarter
Net profit of Diamond Power Infrastructure rose 75.03% to Rs 13.32 crore in the quarter ended December 2007 as against Rs 7.61 crore during the previous quarter ended December 2006. Sales rose 95.81% to Rs 126.96 crore in the quarter ended December 2007 as against Rs 64.84 crore during the previous quarter ended December 2006.
Shriram City Union Finance net profit rises 82.15% in the December 2007 quarter
Net profit of Shriram City Union Finance rose 82.15% to Rs 25.30 crore in the quarter ended December 2007 as against Rs 13.89 crore during the previous quarter ended December 2006. Sales rose 76.47% to Rs 158.40 crore in the quarter ended December 2007 as against Rs 89.76 crore during the previous quarter ended December 2006.
Kolte Patil Developers reports net profit of Rs 29.21 crore in the December 2007 quarter
Kolte Patil Developers reported net profit of Rs 29.21 crore in the quarter ended December 2007. Sales reported at Rs 84.46 crore in the quarter ended December 2007
Sundaram Finance net profit rises 423.71% in the December 2007 quarter
Net profit of Sundaram Finance rose 423.71% to Rs 118.62 crore in the quarter ended December 2007 as against Rs 22.65 crore during the previous quarter ended December 2006. Sales rose 38.10% to Rs 231.55 crore in the quarter ended December 2007 as against Rs 167.67 crore during the previous quarter ended December 2006
Kalyani Forge net profit declines 3.07% in the December 2007 quarter
Mirza International net profit declines 74.38% in the December 2007 quarter
Himalya International net profit rises 93.63% in the December 2007 quarter
Net profit of Himalya International rose 93.63% to Rs 3.04 crore in the quarter ended December 2007 as against Rs 1.57 crore during the previous quarter ended December 2006. Sales rose 51.50% to Rs 12.65 crore in the quarter ended December 2007 as against Rs 8.35 crore during the previous quarter ended December 2006.
Zensar Technologies net profit rises 29.66% in the December 2007 quarter
Net profit of Zensar Technologies rose 29.66% to Rs 10.36 crore in the quarter ended December 2007 as against Rs 7.99 crore during the previous quarter ended December 2006. Sales rose 30.78% to Rs 87.73 crore in the quarter ended December 2007 as against Rs 67.08 crore during the previous quarter ended December 2006
GVK Power & Infrastructure net profit rises 3286.67% in the December 2007 quarter
Net profit of GVK Power & Infrastructure rose 3286.67% to Rs 35.56 crore in the quarter ended December 2007 as against Rs 1.05 crore during the previous quarter ended December 2006. Sales rose 46.15% to Rs 3.80 crore in the quarter ended December 2007 as against Rs 2.60 crore during the previous quarter ended December 2006.
CitiPort Financial Services net profit rises 300.00% in the December 2007 quarter
Hawkins Cooker net profit rises 90.73% in the December 2007 quarter
eClerx Services reports net profit of Rs 11.72 crore in the December 2007 quarter
eClerx Services reported net profit of Rs 11.72 crore in the quarter ended December 2007. Sales reported at Rs 31.24 crore in the quarter ended December 2007.
Selan Explorations Technology net profit rises 110.22% in the December 2007 quarter
Aarti Industries net profit rises 233.98% in the December 2007 quarter
Net profit of Aarti Industries rose 233.98% to Rs 13.86 crore in the quarter ended December 2007 as against Rs 4.15 crore during the previous quarter ended December 2006. Sales rose 53.14% to Rs 269.72 crore in the quarter ended December 2007 as against Rs 176.13 crore during the previous quarter ended December 2006
Simplex Infrastructures net profit rises 27.41% in the December 2007 quarter
Net profit of Simplex Infrastructures rose 27.41% to Rs 22.03 crore in the quarter ended December 2007 as against Rs 17.29 crore during the previous quarter ended December 2006. Sales rose 65.38% to Rs 703.98 crore in the quarter ended December 2007 as against Rs 425.67 crore during the previous quarter ended December 2006.
Core Projects & Technologies net profit rises 217.75% in the December 2007 quarter
Net profit of Core Projects & Technologies rose 217.75% to Rs 10.74 crore in the quarter ended December 2007 as against Rs 3.38 crore during the previous quarter ended December 2006. Sales rose 190.15% to Rs 51.85 crore in the quarter ended December 2007 as against Rs 17.87 crore during the previous quarter ended December 2006.
Britannia Industries net profit rises 176.83% in the December 2007 quarter
Net profit of Britannia Industries rose 176.83% to Rs 45.40 crore in the quarter ended December 2007 as against Rs 16.40 crore during the previous quarter ended December 2006. Sales rose 15.71% to Rs 656.40 crore in the quarter ended December 2007 as against Rs 567.30 crore during the previous quarter ended December 2006.
Venus Remedies net profit rises 50.53% in the December 2007 quarter
Net profit of Venus Remedies rose 50.53% to Rs 11.32 crore in the quarter ended December 2007 as against Rs 7.52 crore during the previous quarter ended December 2006. Sales rose 52.52% to Rs 57.88 crore in the quarter ended December 2007 as against Rs 37.95 crore during the previous quarter ended December 2006.
Salzer Electronics net profit rises 43.75% in the December 2007 quarter
Manali Petrochemical net profit declines 80.48% in the December 2007 quarter
HCL Infosystems net profit rises 139.33% in the December 2007 quarter
Net profit of HCL Infosystems rose 139.33% to Rs 83.19 crore in the quarter ended December 2007 as against Rs 34.76 crore during the previous quarter ended December 2006. Sales rose 434.80% to Rs 3260.36 crore in the quarter ended December 2007 as against Rs 609.64 crore during the previous quarter ended December 2006.
Rama Newsprint & Paper net profit declines 95.31% in the December 2007 quarter
Dhampur Sugar Mills net profit declines 13.64% in the December 2007 quarter
FDC net profit rises 59.74% in the December 2007 quarter
Net profit of FDC rose 59.74% to Rs 21.15 crore in the quarter ended December 2007 as against Rs 13.24 crore during the previous quarter ended December 2006. Sales rose 20.75% to Rs 121.50 crore in the quarter ended December 2007 as against Rs 100.62 crore during the previous quarter ended December 2006.
Ingersoll-Rand (India) net profit rises 474.31% in the December 2007 quarter
Net profit of Ingersoll-Rand (India) rose 474.31% to Rs 83.16 crore in the quarter ended December 2007 as against Rs 14.48 crore during the previous quarter ended December 2006. Sales declined 20.76% to Rs 134.57 crore in the quarter ended December 2007 as against Rs 169.82 crore during the previous quarter ended December 2006
Max India net profit rises 444.16% in the December 2007 quarter
Net profit of Max India rose 444.16% to Rs 20.95 crore in the quarter ended December 2007 as against Rs 3.85 crore during the previous quarter ended December 2006. Sales rose 69.86% to Rs 77.49 crore in the quarter ended December 2007 as against Rs 45.62 crore during the previous quarter ended December 2006.
JSW Steel net profit declines 9.38% in the December 2007 quarter
Net profit of JSW Steel declined 9.38% to Rs 328.18 crore in the quarter ended December 2007 as against Rs 362.15 crore during the previous quarter ended December 2006. Sales rose 11.37% to Rs 2563.08 crore in the quarter ended December 2007 as against Rs 2301.50 crore during the previous quarter ended December 2006
Hindustan Motors reports net profit of Rs 28.76 crore in the December 2007 quarter
Hindustan Motors reported net profit of Rs 28.76 crore in the quarter ended December 2007 as against net loss of Rs 13.85 crore during the previous quarter ended December 2006. Sales declined 11.97% to Rs 147.34 crore in the quarter ended December 2007 as against Rs 167.37 crore during the previous quarter ended December 2006.
Hindustan Petroleum Corporation reports net loss of Rs 15.73 crore in the December 2007 quarter
Suven Life Sciences net profit declines 47.52% in the December 2007 quarter
Net profit of Suven Life Sciences declined 47.52% to Rs 2.01 crore in the quarter ended December 2007 as against Rs 3.83 crore during the previous quarter ended December 2006. Sales declined 9.03% to Rs 28.40 crore in the quarter ended December 2007 as against Rs 31.22 crore during the previous quarter ended December 2006.
DCW net profit rises 117.82% in the December 2007 quarter
Net profit of DCW rose 117.82% to Rs 13.81 crore in the quarter ended December 2007 as against Rs 6.34 crore during the previous quarter ended December 2006. Sales rose 71.80% to Rs 208.91 crore in the quarter ended December 2007 as against Rs 121.60 crore during the previous quarter ended December 2006.
Sunflag Iron & Steel Company net profit declines 18.61% in the December 2007 quarter
Net profit of Sunflag Iron & Steel Company declined 18.61% to Rs 8.66 crore in the quarter ended December 2007 as against Rs 10.64 crore during the previous quarter ended December 2006. Sales rose 27.90% to Rs 260.51 crore in the quarter ended December 2007 as against Rs 203.68 crore during the previous quarter ended December 2006.
Helios & Matheson Information Technology net profit rises 0.26% in the December 2007 quarter
Unity Infraprojects net profit rises 30.68% in the December 2007 quarter
Net profit of Unity Infraprojects rose 30.68% to Rs 17.76 crore in the quarter ended December 2007 as against Rs 13.59 crore during the previous quarter ended December 2006. Sales rose 48.48% to Rs 231.63 crore in the quarter ended December 2007 as against Rs 156.00 crore during the previous quarter ended December 2006
Techno Electric & Engineering Company net profit rises 56.87% in the December 2007 quarter
Net profit of Techno Electric & Engineering Company rose 56.87% to Rs 12.11 crore in the quarter ended December 2007 as against Rs 7.72 crore during the previous quarter ended December 2006. Sales rose 34.32% to Rs 115.11 crore in the quarter ended December 2007 as against Rs 85.70 crore during the previous quarter ended December 2006.
Motherson Sumi Systems net profit rises 2.46% in the December 2007 quarter
Andhra Cements net profit rises 468.22% in the December 2007 quarter
Net profit of Andhra Cements rose 468.22% to Rs 18.24 crore in the quarter ended December 2007 as against Rs 3.21 crore during the previous quarter ended December 2006. Sales rose 73.46% to Rs 89.75 crore in the quarter ended December 2007 as against Rs 51.74 crore during the previous quarter ended December 2006
Man Industries (India) net profit rises 25.87% in the December 2007 quarter
Net profit of Man Industries (India) rose 25.87% to Rs 20.73 crore in the quarter ended December 2007 as against Rs 16.47 crore during the previous quarter ended December 2006. Sales rose 22.66% to Rs 401.23 crore in the quarter ended December 2007 as against Rs 327.11 crore during the previous quarter ended December 2006
Tata Tea net profit declines 37.49% in the December 2007 quarter
Arvind Mills net profit declines 94.59% in the December 2007 quarter
Videocon Industries net profit rises 21.02% in the December 2007 quarter
Net profit of Videocon Industries rose 21.02% to Rs 249.49 crore in the quarter ended December 2007 as against Rs 206.16 crore during the previous quarter ended December 2006. Sales rose 14.74% to Rs 2362.16 crore in the quarter ended December 2007 as against Rs 2058.67 crore during the previous quarter ended December 2006
Facor Alloys net profit rises 325.00% in the December 2007 quarter
Net profit of Facor Alloys rose 325.00% to Rs 15.64 crore in the quarter ended December 2007 as against Rs 3.68 crore during the previous quarter ended December 2006. Sales rose 64.35% to Rs 59.43 crore in the quarter ended December 2007 as against Rs 36.16 crore during the previous quarter ended December 2006.
Sundram Fasteners net profit declines 13.85% in the December 2007 quarter
SKM Egg Products Export India net profit declines 46.15% in the December 2007 quarter
Mudra Lifestyle net profit rises 73.08% in the December 2007 quarter
Net profit of Mudra Lifestyle rose 73.08% to Rs 8.36 crore in the quarter ended December 2007 as against Rs 4.83 crore during the previous quarter ended December 2006. Sales rose 57.59% to Rs 68.85 crore in the quarter ended December 2007 as against Rs 43.69 crore during the previous quarter ended December 2006.
Cholamandalam DBS Finance net profit rises 180.08% in the December 2007 quarter
Net profit of Cholamandalam DBS Finance rose 180.08% to Rs 20.25 crore in the quarter ended December 2007 as against Rs 7.23 crore during the previous quarter ended December 2006. Sales rose 124.69% to Rs 242.55 crore in the quarter ended December 2007 as against Rs 107.95 crore during the previous quarter ended December 2006
Marg net profit rises 16.84% in the December 2007 quarter
Net profit of Marg rose 16.84% to Rs 13.32 crore in the quarter ended December 2007 as against Rs 11.40 crore during the previous quarter ended December 2006. Sales rose 99.83% to Rs 60.05 crore in the quarter ended December 2007 as against Rs 30.05 crore during the previous quarter ended December 2006.
Videsh Sanchar Nigam net profit declines 93.30% in the December 2007 quarterMangalam Cement net profit rises 26.04% in the December 2007 quarter
Matrix Laboratories net profit rises 415.77% in the December 2007 quarter
Net profit of Matrix Laboratories rose 415.77% to Rs 34.35 crore in the quarter ended December 2007 as against Rs 6.66 crore during the previous quarter ended December 2006. Sales rose 50.21% to Rs 275.72 crore in the quarter ended December 2007 as against Rs 183.56 crore during the previous quarter ended December 2006.
Source: http://www.capitalmarket.com and 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.
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RBI Q3 Review :Highlights of Macroeconomic and Monetary Developments in India
RBI Q3 Review :Highlights of Macroeconomic and Monetary Developments in India
Highlights of Macroeconomic and Monetary Developments in India
The Reserve Bank of India today released the document `Macroeconomic and Monetary Developments: Third Quarter Review 2007-08` to serve as a backdrop to the Third-Quarter Review of the Annual Policy Statement for 2007-08 being announced on Jan. 29, 2008.The highlights of macroeconomic and monetary developments during 2007-08 so far are:
The Real Economy
* The Indian economy continued to exhibit robust growth during the second quarter (July-September) of 2007-08, albeit with some moderation. According to the estimates released by the Central Statistical Organisation (CSO) in August 2007, real GDP growth was 8.9 per cent during the second quarter of 2007-08 as compared with 10.2 % during the same period in 2006-07. While `agriculture and allied activities` recorded higher growth during the first half of 2007-08 over the corresponding period of the previous year, the growth of industrial and services sectors was somewhat lower than that during the first half of the previous year.* The cumulative rainfall during the South-West monsoon season 2007 (June 1 to September 30) was 5 % above normal as compared with one per cent below normal during the corresponding period of the previous year. Cumulative rainfall during the North-East monsoon (October 1, 2007 to December 31, 2007) was 32 % below normal as compared with 21 %below normal during the corresponding period of the previous year. The reported sown area of kharif crops (up to October 26, 2007) increased by 2.7 per cent, while that of rabi crops (up to January 18, 2008) was about 3.7 % lower than a year ago.* During April-November 2007, the index of industrial production (IIP) rose by 9.2 % as compared with the increase of 10.9 % recorded during the corresponding period of the previous year. The manufacturing sector registered a growth of 9.8 % during April-November 2007 as compared with 11.8 % during April-August 2006.* During April-November 2007, the infrastructure sector recorded a growth of 6.0 % as compared with 8.9 % a year ago, with all the sectors exhibiting growth rates lower than a year ago.* The services sector continued to record double-digit growth (10.5 %) in April-September 2007. Leading indicators of service sector activity for April-October 2007 show that growth rates in revenue earning freight traffic of the railways, commercial vehicles production, new cell phone connections, passengers handled by civil aviation at domestic terminals, cement and steel moderated albeit over a high base.
Fiscal
Situation
* According to the latest information on Central Government finances for 2007-08 (April-November), key deficit indicators, viz., revenue deficit and GFD, were placed lower than those in the corresponding period of the previous year, both in absolute terms and per cent of the budget estimates. Apart from the lower revenue deficit, contraction in defence capital outlay also moderated the fiscal deficit. There was a primary surplus of Rs. 73.74 billion during April-November 2007 as compared with a budgeted surplus of Rs. 80.47 billion.* Gross and net market borrowings (including 364-day Treasury Bills) of the Central Government during 2007-08 (up to January 25, 2008) were Rs.1,734.29 billion and Rs.1,030.92 billion, respectively, accounting for 91.8 % and 94.1 % of the estimated borrowings for the year.* During 2007-08 (up to January 25, 2008), the States raised market loans amounting to Rs.474.49 billion through auctions, as compared with Rs. 142.04 billion during the corresponding period of the previous year.
Price Situation
* Headline inflation firmed up in major economies during the third quarter of 2007-08, reflecting the combined impact of higher food and fuel prices as well as strong demand conditions, especially in emerging markets. The monetary policy response during the quarter, however, was mixed in view of heightened concerns about the implications of credit crunch arising out of the US sub-prime crisis on financial stability.* Global commodity prices firmed up during the third quarter of 2007-08 led by food and crude oil prices, although there was some moderation in prices of metals. International crude oil prices, represented by the West Texas Intermediate (WTI), touched a historical peak of USD 99.6 a barrel level on January 2, 2008. Although the prices eased somewhat subsequently, they continued to remain at an elevated level (USD 89.9 a barrel on January 23, 2008). International food prices firmed up further during the third quarter of 2007-08 led by wheat and oilseeds/edible oils, reflecting surging demand (both consumption demand and demand for non-food uses such as bio-fuels production) and low stocks of major crops, partly on account of weather related disturbances.* In India, headline inflation, based on movement in the wholesale price index (WPI) was 3.8% on January 12, 2008 (3.4 % at end-September 2007) as compared with 5.9% at end-March 2007 (and 6.2% a year ago). The easing in inflation from a year ago was mainly led by primary food articles and some manufactured products items.* Primary articles` inflation, y-o-y, eased to 3.9 % on January 12, 2008 from 6.2%at end-September 2007 and 9.5 % a year ago; it was 10.7 % at end-March 2007. The deceleration was mainly due to easing of food articles`` inflation. Manufactured products inflation, y-o-y, eased to 3.9 % on January 12, 2008 from 4.5 % at end-September 2007 and 6.1 % at end-March 2007; it was 5.8 % a year ago. The deceleration in manufactured products inflation, y-o-y, was mainly due to decline in the prices of non-ferrous metals, textiles and sugar. Fuel group inflation, which was negative during June-November 2007, turned positive from the beginning of December 2007 (3.7 % on January 12, 2008) partly reflecting the base effects of fuel (petrol and diesel) price cuts last year and increase in the prices of some petroleum products such as naphtha, furnace oil and aviation turbine fuel.* Inflation based on year-on-year variation in consumer price indices (CPIs) also eased during November/December 2007 (from a year ago) but continued to remain above the WPI inflation, mainly reflecting the impact of food prices and their higher weights in the CPI vis-a-vis WPI. CPI inflation measures were placed in the range of 5.1-5.9 % during November/December 2007 as compared with 5.7-7.9 % in September 2007 (and 6.7-9.5 % in March 2007).Monetary and Liquidity Conditions* Growth in broad money (M3), year-on-year (y-o-y), was 22.4 %(Rs. 6,869.25 billion) on January 4, 2008 as compared with 20.8 % (Rs. 5,265.66 billion) a year ago.* Aggregate deposits of banks, y-o-y, increased by 23.8 % (Rs.6,170.35 billion) on January 4, 2008 as compared with 21.5 % (Rs. 4,590.21 billion) a year ago.* Growth in bank credit moderated after the strong pace in the preceding three years. Non-food credit by scheduled commercial banks (SCBs) moderated to 22.2%(Rs.3,821.55 billion), y-o-y, as on January 4, 2008 from 31.9 % (Rs.4,164.18 billion) a year ago.* Reserve money expanded by 30.6 %, y-o-y, as on January 18, 2008 as compared with 20.0 % a year ago. Adjusted for the first round impact of the hike in the cash reserve ratio, reserve money growth was 21.5 % as compared with 17.5 % a year ago.* Liquidity conditions continued to be influenced by movements in capital flows and cash balances of the Governments. The Reserve Bank continued with the policy of active management of liquidity through increase in the cash reserve ratio (CRR), issuances of securities under the market stabilisation scheme (MSS) and operations under liquidity adjustment facility (LAF).Financial Markets* During the third quarter of 2007-08, international financial markets remained volatile as uncertainties about the US sub-prime mortgage market and other credit markets exposures persisted.* Indian financial markets remained generally orderly for the most part of the third quarter of 2007-08 except for some volatility in the equity market. Swings in cash balances of the Government and capital flows were the main drivers of liquidity conditions in the financial markets.* Interest rates in the overnight money markets mostly remained within the informal corridor set by reverse repo and repo rates during the third quarter of 2007-08. Interest rates in the collateralised segment of the overnight money market hardened but remained below the call rate during the quarter.* In the foreign exchange market, the Indian rupee generally appreciated during the quarter vis-a-vis all major currencies (US dollar, Euro, Pound sterling and Japanese yen).* Yields in the Government securities market remained range-bound, partly reflecting global trends in yields. Yields softened beginning in the first week of January 2008. The 10-year yield moved in a range of 7.42-8.32 % during 2007-08 (up to January 23, 2008).The External Economy* India`s balance of payments position continued to remain comfortable during the first half of 2007-08 (April-September). The merchandise trade deficit, on balance of payments basis, widened to USD 42.4 billion in April-September 2007 from USD 33.8 billion in April-September 2006. Net surplus under invisibles (services, transfers and income taken together) was higher at USD 31.7 billion in April-September 2007 (USD 23.4 billion in April-September 2006). The net invisible surplus offset a large part of the trade deficit (74.7 % during April-September 2007 as compared with 69.4 % during April-September 2006).* Despite large merchandise trade deficit, higher net invisible surplus, mainly emanating from private transfers, contained the current account deficit at USD 10.7 billion in the first half of 2007-08 (USD 10.3 billion in April-September 2006). The current account deficit was financed by capital flows which have remained large during 2007-08 so far.* During 2007-08 (up to January 11, 2008), net inflows by FIIs amounted to USD 26.8 billion (USD 2.5 billion in the corresponding period of 2006-07). Inflows under foreign direct investment (FDI) were USD 13.8 billion during April-November 2007 as against USD 10.1 billion during the corresponding period of the previous year. During the current financial year 2007-08 (April-September), inflows (net) under external commercial borrowings (ECBs) amounted to USD 10.6 billion (USD 5.7 billion during April-September 2006). The ECB approvals (including under the automatic route) amounted to USD 23.3 billion during April-December 2007 as compared with USD 15.3 billion during April-December 2006. Non-resident Indians? deposits registered net outflows of USD 433 million during April-September 2007 as against net inflows of USD 3.0 billion during April-September 2006.* According to the data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), during 2007-08 so far (April-November), merchandise exports posted a growth rate of around 22 % moderating from the growth rate of 26.2 % during April-November 2006, while growth in imports at 26.9 % was marginally lower than that of 27.4 % in April-November 2006. Non-oil imports recorded a substantial increase, while oil imports showed a sharp deceleration in growth. Overall, the merchandise trade deficit widened to USD 52.8 billion in April-November 2007 from USD 38.5 billion in April-November 2006.* India`s foreign exchange reserves were USD 284.9 billion as on Jan. 18, 2008, showing an increase of USD 85.7 billion over end-March 2007.
For more details visit @ http://www.rbi.org.in/scripts/AnnualPublications.aspx?head=Macroeconomic%20and%20Monetary%20Developments
Source: www.rbi.org.in & http://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.
Highlights of Macroeconomic and Monetary Developments in India
The Reserve Bank of India today released the document `Macroeconomic and Monetary Developments: Third Quarter Review 2007-08` to serve as a backdrop to the Third-Quarter Review of the Annual Policy Statement for 2007-08 being announced on Jan. 29, 2008.The highlights of macroeconomic and monetary developments during 2007-08 so far are:
The Real Economy
* The Indian economy continued to exhibit robust growth during the second quarter (July-September) of 2007-08, albeit with some moderation. According to the estimates released by the Central Statistical Organisation (CSO) in August 2007, real GDP growth was 8.9 per cent during the second quarter of 2007-08 as compared with 10.2 % during the same period in 2006-07. While `agriculture and allied activities` recorded higher growth during the first half of 2007-08 over the corresponding period of the previous year, the growth of industrial and services sectors was somewhat lower than that during the first half of the previous year.* The cumulative rainfall during the South-West monsoon season 2007 (June 1 to September 30) was 5 % above normal as compared with one per cent below normal during the corresponding period of the previous year. Cumulative rainfall during the North-East monsoon (October 1, 2007 to December 31, 2007) was 32 % below normal as compared with 21 %below normal during the corresponding period of the previous year. The reported sown area of kharif crops (up to October 26, 2007) increased by 2.7 per cent, while that of rabi crops (up to January 18, 2008) was about 3.7 % lower than a year ago.* During April-November 2007, the index of industrial production (IIP) rose by 9.2 % as compared with the increase of 10.9 % recorded during the corresponding period of the previous year. The manufacturing sector registered a growth of 9.8 % during April-November 2007 as compared with 11.8 % during April-August 2006.* During April-November 2007, the infrastructure sector recorded a growth of 6.0 % as compared with 8.9 % a year ago, with all the sectors exhibiting growth rates lower than a year ago.* The services sector continued to record double-digit growth (10.5 %) in April-September 2007. Leading indicators of service sector activity for April-October 2007 show that growth rates in revenue earning freight traffic of the railways, commercial vehicles production, new cell phone connections, passengers handled by civil aviation at domestic terminals, cement and steel moderated albeit over a high base.
Fiscal
Situation
* According to the latest information on Central Government finances for 2007-08 (April-November), key deficit indicators, viz., revenue deficit and GFD, were placed lower than those in the corresponding period of the previous year, both in absolute terms and per cent of the budget estimates. Apart from the lower revenue deficit, contraction in defence capital outlay also moderated the fiscal deficit. There was a primary surplus of Rs. 73.74 billion during April-November 2007 as compared with a budgeted surplus of Rs. 80.47 billion.* Gross and net market borrowings (including 364-day Treasury Bills) of the Central Government during 2007-08 (up to January 25, 2008) were Rs.1,734.29 billion and Rs.1,030.92 billion, respectively, accounting for 91.8 % and 94.1 % of the estimated borrowings for the year.* During 2007-08 (up to January 25, 2008), the States raised market loans amounting to Rs.474.49 billion through auctions, as compared with Rs. 142.04 billion during the corresponding period of the previous year.
Price Situation
* Headline inflation firmed up in major economies during the third quarter of 2007-08, reflecting the combined impact of higher food and fuel prices as well as strong demand conditions, especially in emerging markets. The monetary policy response during the quarter, however, was mixed in view of heightened concerns about the implications of credit crunch arising out of the US sub-prime crisis on financial stability.* Global commodity prices firmed up during the third quarter of 2007-08 led by food and crude oil prices, although there was some moderation in prices of metals. International crude oil prices, represented by the West Texas Intermediate (WTI), touched a historical peak of USD 99.6 a barrel level on January 2, 2008. Although the prices eased somewhat subsequently, they continued to remain at an elevated level (USD 89.9 a barrel on January 23, 2008). International food prices firmed up further during the third quarter of 2007-08 led by wheat and oilseeds/edible oils, reflecting surging demand (both consumption demand and demand for non-food uses such as bio-fuels production) and low stocks of major crops, partly on account of weather related disturbances.* In India, headline inflation, based on movement in the wholesale price index (WPI) was 3.8% on January 12, 2008 (3.4 % at end-September 2007) as compared with 5.9% at end-March 2007 (and 6.2% a year ago). The easing in inflation from a year ago was mainly led by primary food articles and some manufactured products items.* Primary articles` inflation, y-o-y, eased to 3.9 % on January 12, 2008 from 6.2%at end-September 2007 and 9.5 % a year ago; it was 10.7 % at end-March 2007. The deceleration was mainly due to easing of food articles`` inflation. Manufactured products inflation, y-o-y, eased to 3.9 % on January 12, 2008 from 4.5 % at end-September 2007 and 6.1 % at end-March 2007; it was 5.8 % a year ago. The deceleration in manufactured products inflation, y-o-y, was mainly due to decline in the prices of non-ferrous metals, textiles and sugar. Fuel group inflation, which was negative during June-November 2007, turned positive from the beginning of December 2007 (3.7 % on January 12, 2008) partly reflecting the base effects of fuel (petrol and diesel) price cuts last year and increase in the prices of some petroleum products such as naphtha, furnace oil and aviation turbine fuel.* Inflation based on year-on-year variation in consumer price indices (CPIs) also eased during November/December 2007 (from a year ago) but continued to remain above the WPI inflation, mainly reflecting the impact of food prices and their higher weights in the CPI vis-a-vis WPI. CPI inflation measures were placed in the range of 5.1-5.9 % during November/December 2007 as compared with 5.7-7.9 % in September 2007 (and 6.7-9.5 % in March 2007).Monetary and Liquidity Conditions* Growth in broad money (M3), year-on-year (y-o-y), was 22.4 %(Rs. 6,869.25 billion) on January 4, 2008 as compared with 20.8 % (Rs. 5,265.66 billion) a year ago.* Aggregate deposits of banks, y-o-y, increased by 23.8 % (Rs.6,170.35 billion) on January 4, 2008 as compared with 21.5 % (Rs. 4,590.21 billion) a year ago.* Growth in bank credit moderated after the strong pace in the preceding three years. Non-food credit by scheduled commercial banks (SCBs) moderated to 22.2%(Rs.3,821.55 billion), y-o-y, as on January 4, 2008 from 31.9 % (Rs.4,164.18 billion) a year ago.* Reserve money expanded by 30.6 %, y-o-y, as on January 18, 2008 as compared with 20.0 % a year ago. Adjusted for the first round impact of the hike in the cash reserve ratio, reserve money growth was 21.5 % as compared with 17.5 % a year ago.* Liquidity conditions continued to be influenced by movements in capital flows and cash balances of the Governments. The Reserve Bank continued with the policy of active management of liquidity through increase in the cash reserve ratio (CRR), issuances of securities under the market stabilisation scheme (MSS) and operations under liquidity adjustment facility (LAF).Financial Markets* During the third quarter of 2007-08, international financial markets remained volatile as uncertainties about the US sub-prime mortgage market and other credit markets exposures persisted.* Indian financial markets remained generally orderly for the most part of the third quarter of 2007-08 except for some volatility in the equity market. Swings in cash balances of the Government and capital flows were the main drivers of liquidity conditions in the financial markets.* Interest rates in the overnight money markets mostly remained within the informal corridor set by reverse repo and repo rates during the third quarter of 2007-08. Interest rates in the collateralised segment of the overnight money market hardened but remained below the call rate during the quarter.* In the foreign exchange market, the Indian rupee generally appreciated during the quarter vis-a-vis all major currencies (US dollar, Euro, Pound sterling and Japanese yen).* Yields in the Government securities market remained range-bound, partly reflecting global trends in yields. Yields softened beginning in the first week of January 2008. The 10-year yield moved in a range of 7.42-8.32 % during 2007-08 (up to January 23, 2008).The External Economy* India`s balance of payments position continued to remain comfortable during the first half of 2007-08 (April-September). The merchandise trade deficit, on balance of payments basis, widened to USD 42.4 billion in April-September 2007 from USD 33.8 billion in April-September 2006. Net surplus under invisibles (services, transfers and income taken together) was higher at USD 31.7 billion in April-September 2007 (USD 23.4 billion in April-September 2006). The net invisible surplus offset a large part of the trade deficit (74.7 % during April-September 2007 as compared with 69.4 % during April-September 2006).* Despite large merchandise trade deficit, higher net invisible surplus, mainly emanating from private transfers, contained the current account deficit at USD 10.7 billion in the first half of 2007-08 (USD 10.3 billion in April-September 2006). The current account deficit was financed by capital flows which have remained large during 2007-08 so far.* During 2007-08 (up to January 11, 2008), net inflows by FIIs amounted to USD 26.8 billion (USD 2.5 billion in the corresponding period of 2006-07). Inflows under foreign direct investment (FDI) were USD 13.8 billion during April-November 2007 as against USD 10.1 billion during the corresponding period of the previous year. During the current financial year 2007-08 (April-September), inflows (net) under external commercial borrowings (ECBs) amounted to USD 10.6 billion (USD 5.7 billion during April-September 2006). The ECB approvals (including under the automatic route) amounted to USD 23.3 billion during April-December 2007 as compared with USD 15.3 billion during April-December 2006. Non-resident Indians? deposits registered net outflows of USD 433 million during April-September 2007 as against net inflows of USD 3.0 billion during April-September 2006.* According to the data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), during 2007-08 so far (April-November), merchandise exports posted a growth rate of around 22 % moderating from the growth rate of 26.2 % during April-November 2006, while growth in imports at 26.9 % was marginally lower than that of 27.4 % in April-November 2006. Non-oil imports recorded a substantial increase, while oil imports showed a sharp deceleration in growth. Overall, the merchandise trade deficit widened to USD 52.8 billion in April-November 2007 from USD 38.5 billion in April-November 2006.* India`s foreign exchange reserves were USD 284.9 billion as on Jan. 18, 2008, showing an increase of USD 85.7 billion over end-March 2007.
For more details visit @ http://www.rbi.org.in/scripts/AnnualPublications.aspx?head=Macroeconomic%20and%20Monetary%20Developments
Source: www.rbi.org.in & http://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.
12 Indians in Forbes' Midas 100 list
12 Indians in Forbes' Midas 100 list
As many as 12 Indian-origin persons have made it to a list of 100 dealmakers with 'Midas-touch' prepared by the renowned business magazine, based on the value of the companies these people have taken public or sold in the past five years as well as the capital and involvement it took to get there.
People of Indian origin seem to have developed a habit of making it to the Forbes magazine -- this time it is for making investments in start-up companies and then selling off their stakes with handsome gains.
As many as 12 Indian-origin persons have made it to a list of 100 dealmakers with 'Midas-touch' prepared by the renowned business magazine, based on the value of the companies these people have taken public or sold in the past five years as well as the capital and involvement it took to get there.
Ram Shriram, a founding board member of Internet search giant Google, has been named at the third position in the renowned US-based business magazine's Midas 100 List.
The list has been topped by L John Doerr of Kleiner Perkins Caufield & Byers, whom Forbes has described as the "mentor and money man to founders of Google, Amazon, Intuit and Sun Microsystems."
Shriram, who currently runs venture capital firm Sherpalo and made a fortune by making early investment in Google, has moved up one position from his fourth rank last year. He has also invested in travel portal Cleartrip and Internet-based photo service provider Xoom.in, in addition to online money management firm Mint.com.
Shriram is accompanied by 11 other persons of Indian origin on the list, including Navin Chaddha (10th) -- an IIT graduate who heads India investments of Mayfield Fund, and well-known venture capitalist Vinod Khosla (70th).
Chaddha, ranked 58th in the previous year's list, has successfully managed deals like IL&FS Investsmart and India Infoline [Get Quote] in financial services space and Provogue in fashion.
Others on the list are Aneel Bhusri (16th), Parag Saxena (31st), Arjun Gupta (51st), Rob L Soni (58th), Deepak Kamra (69th), Raman Khanna (74th), Ravi Adusumalli (77th), Shirish Sathaye (82nd) and Rob S Chandra (96th).
Bhusri was formerly vice chairman at business software firm PeopleSoft and sold off stakes in start-ups like Data Domain, OutlookSoft and Polyserve.
Software engineer Arjun Gupta worked as a consultant at global giant McKinsey and founded TeleSoft Partners in 1996. According to Forbes, his major deals include Salesforce.com, Sierra Design Automation.
Vedanta Capital's Parag Saxena has invested in sectors ranging from wireless to biotech and has successfully raised $1.4 billion fund -- New Silk Route.
The report further added that Delhi-born technology investor Deepak Kamra of Canaan Partners has tapped into telecom and software markets with successful IPOs Acme Packet and SuccessFactors. Having led Canaan Partner's foray into India, Kamra also bought stake in matrimony Web site BharatMatrimony in 2006.
Other Rediff stories:
Sania becomes Asia's top ranked player
ISB among Top 20 B-schools globally
Why a rate cut is essential
RBI likely to hold interest rates
10 stocks to make young investors crorepatis
Mutual funds are the best way to reduce your risks
Source: http://www.rediff.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.
As many as 12 Indian-origin persons have made it to a list of 100 dealmakers with 'Midas-touch' prepared by the renowned business magazine, based on the value of the companies these people have taken public or sold in the past five years as well as the capital and involvement it took to get there.
People of Indian origin seem to have developed a habit of making it to the Forbes magazine -- this time it is for making investments in start-up companies and then selling off their stakes with handsome gains.
As many as 12 Indian-origin persons have made it to a list of 100 dealmakers with 'Midas-touch' prepared by the renowned business magazine, based on the value of the companies these people have taken public or sold in the past five years as well as the capital and involvement it took to get there.
Ram Shriram, a founding board member of Internet search giant Google, has been named at the third position in the renowned US-based business magazine's Midas 100 List.
The list has been topped by L John Doerr of Kleiner Perkins Caufield & Byers, whom Forbes has described as the "mentor and money man to founders of Google, Amazon, Intuit and Sun Microsystems."
Shriram, who currently runs venture capital firm Sherpalo and made a fortune by making early investment in Google, has moved up one position from his fourth rank last year. He has also invested in travel portal Cleartrip and Internet-based photo service provider Xoom.in, in addition to online money management firm Mint.com.
Shriram is accompanied by 11 other persons of Indian origin on the list, including Navin Chaddha (10th) -- an IIT graduate who heads India investments of Mayfield Fund, and well-known venture capitalist Vinod Khosla (70th).
Chaddha, ranked 58th in the previous year's list, has successfully managed deals like IL&FS Investsmart and India Infoline [Get Quote] in financial services space and Provogue in fashion.
Others on the list are Aneel Bhusri (16th), Parag Saxena (31st), Arjun Gupta (51st), Rob L Soni (58th), Deepak Kamra (69th), Raman Khanna (74th), Ravi Adusumalli (77th), Shirish Sathaye (82nd) and Rob S Chandra (96th).
Bhusri was formerly vice chairman at business software firm PeopleSoft and sold off stakes in start-ups like Data Domain, OutlookSoft and Polyserve.
Software engineer Arjun Gupta worked as a consultant at global giant McKinsey and founded TeleSoft Partners in 1996. According to Forbes, his major deals include Salesforce.com, Sierra Design Automation.
Vedanta Capital's Parag Saxena has invested in sectors ranging from wireless to biotech and has successfully raised $1.4 billion fund -- New Silk Route.
The report further added that Delhi-born technology investor Deepak Kamra of Canaan Partners has tapped into telecom and software markets with successful IPOs Acme Packet and SuccessFactors. Having led Canaan Partner's foray into India, Kamra also bought stake in matrimony Web site BharatMatrimony in 2006.
Other Rediff stories:
Sania becomes Asia's top ranked player
ISB among Top 20 B-schools globally
Why a rate cut is essential
RBI likely to hold interest rates
10 stocks to make young investors crorepatis
Mutual funds are the best way to reduce your risks
Source: http://www.rediff.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 ends 209 pts down
Sensex ends 209 pts down
India's Sensex Index Drops 1.1 Percent
Sensex ends down over 200pts, Bajaj
NSE 5274.10 -109.25
BSE 18152.78 -208.88
Weak global markets triggered a massive sell-off on the major Indian bourses this morning and till a little past noon, stocks cutting across sectors struggled for support. Barring a few large cap stocks and some midcap and smallcap stocks, which had moved up on selective buying interest, equities found the going quite tough till that time.
However, as the mood turned slightly positive, a number of stocks rebounded strongly in afternoon trade. And, as recovery gained momentum, the Sensex, which had crashed down by over 900 points to 17,443.29 earlier in the day, rallied to 18,213.21 in late afternoon trade. It finally ended the day at 18,152.78 with a loss of 208.88 points or 1.14%.
The Nifty, which dropped down to a low of 5071 this morning, ended the day at 5274.10, down by a little over 2% or 109.25 points from its previous closing mark.
Auto and bank stocks were among the star performers this afternoon. Expectations of a cut in interest rates buoyed up values of stocks from these two sectors. Reflecting the demand for bank and auto stocks, the Bankex advanced by 1.24% and the Auto index moved up by 1.72%.
A few power stocks, led by Reliance Energy, also staged a smart rally. Even oil, metal and capital goods stocks, which had gone down sharply in morning trade, found buyers at lower levels and regained a significant portion of lost ground this afternoon.
Information technology and realty stocks remained weak due to lack of support. Mirroring their weakness, the BSE IT and Realty indices ended lower by 3.69% and 4.54% respectively. Mid and smallcap stocks cut down their losses significantly. While the Midcap index closed 0.43% down, the Smallcap barometer ended with a loss of 1.13%.
Bajaj Auto, which raced ahead smartly in afternoon trade, gained as much as 8.65% today. Maruti Suzuki notched up a handsome gain of 4.4%. Mahindra & Mahindra gained 1.8% while Tata Motors, which remained relatively subdued, ended with a marginal gain of 0.35%.
Reliance Energy powered its way up sharply and ended with an impressive gain of 3.35%. Housing finance major HDFC, among the first to bounce back, closed with a gain of 2.55%. ACC (1.4%), ICICI Bank (1.15%) and Cipla (0.75%) also ended on a high note. Hindalco moved up by around a quarter per cent and Hindustan Unilever ended with very small gain.
Realty stock DLF closed 5.55% down. Telecom stocks Bharti Airtel (down 4.9%) and Reliance Communications (down 3.3%) and IT majors Wipro (down 5.35%), Infosys Technologies (down 4.9%), Tata Consultancy Services (down 3.1%) and Satyam Computer Services (down 1.9%) ended with sharp losses.
Reliance Industries, which touched a low of Rs 2440 in morning trade, recovered well and cut down its loss to 1.75% as it settled at Rs 2564. Ranbaxy Laboratories (down 4.75%), NTPC (down 4.2%), State Bank of India (down 4.05%), BHEL (down 3.35%), Tata Steel (down 2.2%), Grasim Industries (down 2.05%), Ambuja Cements (down 1.75%) and ONGC (down 1.4%) also ended on a weak note.
Despite a sharp jump in the company's net profit for the quarter ended 31 December 2007, Larsen & Toubro ended in the negative territory, albeit with a less pronounced loss of 1.15%. HDFC Bank lost a little over a per cent while ITC eased by 0.9%.
Suzlon Energy, Unitech, Dr. Reddy's Laboratories, Nalco, SAIL, VSNL, Cairn India, Idea Cellular, ABB, GlaxoSmithKline Pharma, Zee Entertainment, HCL Technologies and Siemens were among the major losers in the Nifty. GAIL India spurted 4.3%. Punjab National Bank, Sun Pharmaceuticals, Tata Power, Sterlite Industries and Hero Honda also ended on a positive note.
The market breadth remained weak right through the session today. Out of 2747 stocks traded on BSE, 1852 stocks closed with losses. 863 stocks finished with gains and 32 stocks ended at their previous closing levels.
Other Sify.com stories
FDC Q3 net up 59.74%
HCL Infosystems Q2 net up 7.13%
Sensex trims losses, sheds 209 pts
L&T Q3 net up 40.1% at Rs 482 crore
RBI: Ready to respond to mkt uncertainty if needed
Indian Hotels Q3 net up 31% at Rs 134.58 cr
Jet Airways Q3 net loss at Rs 91.12 cr
Rupee pares most losses; stocks, RBI eyed
RBI warns of inflationary pressures from oil, food prices
Ingersoll Rand Q3 net up at Rs 83.16 cr
Indian rate swaps up ahead of RBI's policy review
Tata Tea Q3 net up at 1307.31 cr
HPCL Q3 net loss of Rs 15.730 cr
Fed rate cut likely to influence RBI policy
Credit Policy review: RBI may cut repo rate
Jindal Steel Q3 net up 68% at Rs 319.05 cr
KEI Ind to enter power generation business
VSNL Q3 net profit plunges YoY
Premature for RBI to cut rate: JP Morgan
Source: http://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.
India's Sensex Index Drops 1.1 Percent
Sensex ends down over 200pts, Bajaj
NSE 5274.10 -109.25
BSE 18152.78 -208.88
Weak global markets triggered a massive sell-off on the major Indian bourses this morning and till a little past noon, stocks cutting across sectors struggled for support. Barring a few large cap stocks and some midcap and smallcap stocks, which had moved up on selective buying interest, equities found the going quite tough till that time.
However, as the mood turned slightly positive, a number of stocks rebounded strongly in afternoon trade. And, as recovery gained momentum, the Sensex, which had crashed down by over 900 points to 17,443.29 earlier in the day, rallied to 18,213.21 in late afternoon trade. It finally ended the day at 18,152.78 with a loss of 208.88 points or 1.14%.
The Nifty, which dropped down to a low of 5071 this morning, ended the day at 5274.10, down by a little over 2% or 109.25 points from its previous closing mark.
Auto and bank stocks were among the star performers this afternoon. Expectations of a cut in interest rates buoyed up values of stocks from these two sectors. Reflecting the demand for bank and auto stocks, the Bankex advanced by 1.24% and the Auto index moved up by 1.72%.
A few power stocks, led by Reliance Energy, also staged a smart rally. Even oil, metal and capital goods stocks, which had gone down sharply in morning trade, found buyers at lower levels and regained a significant portion of lost ground this afternoon.
Information technology and realty stocks remained weak due to lack of support. Mirroring their weakness, the BSE IT and Realty indices ended lower by 3.69% and 4.54% respectively. Mid and smallcap stocks cut down their losses significantly. While the Midcap index closed 0.43% down, the Smallcap barometer ended with a loss of 1.13%.
Bajaj Auto, which raced ahead smartly in afternoon trade, gained as much as 8.65% today. Maruti Suzuki notched up a handsome gain of 4.4%. Mahindra & Mahindra gained 1.8% while Tata Motors, which remained relatively subdued, ended with a marginal gain of 0.35%.
Reliance Energy powered its way up sharply and ended with an impressive gain of 3.35%. Housing finance major HDFC, among the first to bounce back, closed with a gain of 2.55%. ACC (1.4%), ICICI Bank (1.15%) and Cipla (0.75%) also ended on a high note. Hindalco moved up by around a quarter per cent and Hindustan Unilever ended with very small gain.
Realty stock DLF closed 5.55% down. Telecom stocks Bharti Airtel (down 4.9%) and Reliance Communications (down 3.3%) and IT majors Wipro (down 5.35%), Infosys Technologies (down 4.9%), Tata Consultancy Services (down 3.1%) and Satyam Computer Services (down 1.9%) ended with sharp losses.
Reliance Industries, which touched a low of Rs 2440 in morning trade, recovered well and cut down its loss to 1.75% as it settled at Rs 2564. Ranbaxy Laboratories (down 4.75%), NTPC (down 4.2%), State Bank of India (down 4.05%), BHEL (down 3.35%), Tata Steel (down 2.2%), Grasim Industries (down 2.05%), Ambuja Cements (down 1.75%) and ONGC (down 1.4%) also ended on a weak note.
Despite a sharp jump in the company's net profit for the quarter ended 31 December 2007, Larsen & Toubro ended in the negative territory, albeit with a less pronounced loss of 1.15%. HDFC Bank lost a little over a per cent while ITC eased by 0.9%.
Suzlon Energy, Unitech, Dr. Reddy's Laboratories, Nalco, SAIL, VSNL, Cairn India, Idea Cellular, ABB, GlaxoSmithKline Pharma, Zee Entertainment, HCL Technologies and Siemens were among the major losers in the Nifty. GAIL India spurted 4.3%. Punjab National Bank, Sun Pharmaceuticals, Tata Power, Sterlite Industries and Hero Honda also ended on a positive note.
The market breadth remained weak right through the session today. Out of 2747 stocks traded on BSE, 1852 stocks closed with losses. 863 stocks finished with gains and 32 stocks ended at their previous closing levels.
Other Sify.com stories
FDC Q3 net up 59.74%
HCL Infosystems Q2 net up 7.13%
Sensex trims losses, sheds 209 pts
L&T Q3 net up 40.1% at Rs 482 crore
RBI: Ready to respond to mkt uncertainty if needed
Indian Hotels Q3 net up 31% at Rs 134.58 cr
Jet Airways Q3 net loss at Rs 91.12 cr
Rupee pares most losses; stocks, RBI eyed
RBI warns of inflationary pressures from oil, food prices
Ingersoll Rand Q3 net up at Rs 83.16 cr
Indian rate swaps up ahead of RBI's policy review
Tata Tea Q3 net up at 1307.31 cr
HPCL Q3 net loss of Rs 15.730 cr
Fed rate cut likely to influence RBI policy
Credit Policy review: RBI may cut repo rate
Jindal Steel Q3 net up 68% at Rs 319.05 cr
KEI Ind to enter power generation business
VSNL Q3 net profit plunges YoY
Premature for RBI to cut rate: JP Morgan
Source: http://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.
25 January 2008
ET stories
RBI may cut rates to moderate capital flows25 Jan, 2008, 2124 hrs IST, PTI
Reserve Bank may send out a signal by reducing either the reverse repo or the repo rate by 0.25-0.5 per cent to moderate capital flows.
UCO Bank to go for QIP to raise funds
Anil Ambani, 6 others raise REL stake
Gold demand slows on record prices
Govt asks RBI to sell Rs 3K cr bonds
Forex reserves at $284 bn on Jan 18
US economy will bounce back:FM
RBI must hold rates: RBS
Inflation at 3.83% on January 12
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JSW IT arm signs pact with Descon
ADAG ties up with Manchester United as their mobile games partner
What's WiMAX?
BSNL, US' Soma Networks in tie-up for largest WiMAX deal
Heard on the street
Stocks to watch on Friday
Religare Picks: BoI, HDFC Bank, Binani Cement
Future Capital to list on Feb 1
ICICI Venture plans $3-bn infrastructure fund
BlackRock to acquire 40% in DSP Merrill Lynch Fund Managers
Source: http://economictimes.indiatimes.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.
Reserve Bank may send out a signal by reducing either the reverse repo or the repo rate by 0.25-0.5 per cent to moderate capital flows.
UCO Bank to go for QIP to raise funds
Anil Ambani, 6 others raise REL stake
Gold demand slows on record prices
Govt asks RBI to sell Rs 3K cr bonds
Forex reserves at $284 bn on Jan 18
US economy will bounce back:FM
RBI must hold rates: RBS
Inflation at 3.83% on January 12
-----------------------------------------------------------------
JSW IT arm signs pact with Descon
ADAG ties up with Manchester United as their mobile games partner
What's WiMAX?
BSNL, US' Soma Networks in tie-up for largest WiMAX deal
Heard on the street
Stocks to watch on Friday
Religare Picks: BoI, HDFC Bank, Binani Cement
Future Capital to list on Feb 1
ICICI Venture plans $3-bn infrastructure fund
BlackRock to acquire 40% in DSP Merrill Lynch Fund Managers
Source: http://economictimes.indiatimes.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: Tata Steel, BHEL, BEML etc
-------------------------------------
Tata Steel on consolidated basis registered a jump of 2.93 times in profit after minority interest and share of profits of associates at Rs 33,423.60 million for the quarter ended Sep. 30, 2007 as compared to Rs 11,391.10 million for the quarter ended Sep. 30, 2006.
Total Income increased 5.25 times from Rs 61,929.50 million for the quarter ended Sep. 30, 2006 to Rs 325,351.50 million for the quarter ended Sep. 30, 2007.
The group announced a phenomenal jump of 4.50 times in profit after minority interest and share of profits of associates at Rs 97,027.30 million for the six months ended Sep. 30, 2007 as compared to Rs 21,582.90 million for the six months ended Sep. 30, 2006.
Total Income rose 5.31 times from Rs 120,198.30 million for the six months ended Sep. 30, 2006 to Rs 638,716.30 million for the six months ended Sep. 30, 2007.
The previous period figures do not include Corus and the current period includes financial results of Corus, reviewed by the auditors, the company said in a release.
Report on Financial performance
Income from Operations
Total income for six months ended Sep. 30, 2007, amounted to Rs 638,720 million against Rs 120,200 million in the same period previous year. The increase comprise mainly of Rs 498,090 million of Corus income and increases of Rs 8,660 million in Indian operations, Rs 12,370 million in Nat Steel and Rs 5,120 million in Tata Steel, (Q, N,C,F)* Thailand.
Total Expenditure
Total expenditure for the six months ended Sep. 30, 2007 amounted to Rs 561,120 million against Rs 86,650 million during the previous years. The increase is primarily on account of inclusion of expenditure of Corus during the current year.
Shares of the company gained Rs 20.65, or 3.08%, to trade at Rs 692. The total volume of shares traded was 62,057 at the BSE. (10.32 a.m., Friday)
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BHEL net rises 15.61% in Dec `07 qtr
Bharat Heavy Electricals (BHEL) disclosed steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 15.61% rise in profit to Rs 7,719 million from Rs 6,676.50 million in the quarter ended December 2006.
Net sales for the quarter rose 14.38% to Rs 49,641.40 million, compared with Rs 43,396.90 million in the corresponding quarter, a year ago.
Total income rose 15.55% to Rs 52,290 million for the quarter ended December 2007 from Rs 45,251.60 million for the same period last year.
The basic EPS after extraordinary item stood at Rs 15.77 for the quarter ended December 2007
BEML Q3 earnings climb 11.84%
India`s leading and Asia`s second largest manufacturer of earthmoving equipment, BEML reported a rise of 11.84% in earnings in the quarter ended December 2007, to Rs 592.40 million compared with Rs 529.70 million in the same quarter, last year. Total income for the quarter rose by 14.60% to Rs 6,407.60 million compared with the corresponding quarter, a year ago
Nandan Exim net rises 19% in Dec`07 qtr
Gujarat Industries Q3 net falls 4%
TVS Motor net drops 49.12% in Dec`07 qtr
Time Technoplast net down 48.71% for Dec `07 qtr
PTC India net drops 27.95% in Dec `07 qtr
Aegis Logistics net up 73.63% for Dec `07 qtr
Bharat Electronics Q3 net fall 23.76% on lower margin
Ashok Leyland Q3 net rises 14.21%
Federal Bank net rises 22.75% in Dec`07 qtr
STC net up 70.70% in Dec`07 qtr
REI Agro Q3 net rises 4.52%
Century Textiles net rises 2.15% for Dec`07 qtr
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Corporate Results
Nagarjuna Agri Tech net profit rises 11.54% in the December 2007 quarter
Sales decline 13.04% to Rs 0.80 crore
Bhuwalka Steel Industries net profit rises 227.78% in the December 2007 quarterSales rise 31.61% to Rs 126.71 crore
Solvay Pharma India net profit rises 117.12% in the December 2007 quarterSales rise 21.23% to Rs 45.85 crore
Poddar Pigments net profit rises 428.13% in the December 2007 quarterSales rise 0.38% to Rs 24.00 crore
Sam Leaseco reports net loss of Rs 0.02 crore in the December 2007 quarterNo sales reported in the quarter
PTC India net profit declines 27.96% in the December 2007 quarter
Onward Technologies reports net loss of Rs 0.90 crore in the December 2007 quarter
NILE net profit rises 39.44% in the December 2007 quarter
Available Finance net profit rises 10.00% in the December 2007 quarter
Volant Textile Mills reports net loss of Rs 0.14 crore in the December 2007 quarter
Hercules Hoists net profit rises 9.71% in the December 2007 quarter
Winro Commercial India net profit rises 333.60% in the December 2007 quarter
Shri Dinesh Mills net profit declines 34.50% in the December 2007 quarter
Ganesh Polytex net profit rises 77.08% in the December 2007 quarter
Fairfield Atlas net profit rises 760.47% in the December 2007 quarter
IQMS Software net profit rises 10700.00% in the December 2007 quarter
Barak Valley Cements reports net profit of Rs 1.71 crore in the December 2007 quarter
Punjab Alkalies & Chemicals net profit rises 132.88% in the December 2007 quarter
Ravindra Trading and Agencies reports no net profit or loss in the December 2007 quarter
Aroni Commercials net profit declines 44.03% in the December 2007 quarter
Gujarat Lease Financing reports net profit of Rs 0.03 crore in the December 2007 quarter
Bhoruka Aluminium net profit rises 28.05% in the December 2007 quarter
Force Motors reports net loss of Rs 22.43 crore in the December 2007 quarter
Camphor & Allied Products reports net profit of Rs 0.06 crore in the December 2007 quarter
Rasoya Proteins net profit rises 38.00% in the December 2007 quarter
Oil Country Tubular reports net profit of Rs 10.48 crore in the December 2007 quarter
Gujarat Carbon & Industries reports net loss of Rs 0.77 crore in the December 2007 quarter
Zenith Fibres net profit declines 42.11% in the December 2007 quarter
Kovilpatti Lakshmi Roller Flour Mills reports net loss of Rs 0.98 crore in the December 2007 quarter
Suryalata Spinning Mills net profit declines 44.74% in the December 2007 quarter
VBC Ferro Alloys reports net loss of Rs 0.38 crore in the December 2007 quarter
Anil Chemicals & Industries reports net profit of Rs 0.65 crore in the December 2007 quarter
Micro Technologies India net profit rises 64.42% in the December 2007 quarter
Emkay Shares & Stock Brokers net profit rises 302.55% in the December 2007 quarter
Southern Iron & Steel Company net profit rises 32.92% in the December 2007 quarter
OCL India net profit rises 73.51% in the December 2007 quarter
Natco Pharma net profit rises 23.25% in the December 2007 quarter
English Indian Clays net profit declines 17.20% in the December 2007 quarter
Sanghi Industries net profit declines 9.90% in the December 2007 quarter
Zee News reports net profit of Rs 12.83 crore in the December 2007 quarter
Rico Auto Industries net profit declines 33.68% in the December 2007 quarter
Meghmani Organics reports net profit of Rs 9.43 crore in the December 2007 quarter
UCO Bank net profit declines 32.67% in the December 2007 quarter
KEI Industries net profit rises 22.39% in the December 2007 quarter
ING Vysya Bank net profit rises 198.33% in the December 2007 quarterNovartis
Dr Reddy's Laboratories net profit declines 91.60% in the December 2007 quarter
Andhra Sugars net profit declines 77.85% in the December 2007 quarter
Dalmia Cement (Bharat) net profit rises 73.57% in the December 2007 quarter
Voltas net profit rises 143.03% in the December 2007 quarter
Ashok Leyland net profit rises 14.21% in the December 2007 quarter
Federal Bank net profit rises 22.76% in the December 2007 quarter
Bharat Electronics net profit declines 23.76% in the December 2007 quarter
Kirloskar Ferrous Industries net profit rises 22.14% in the December 2007 quarter
Kale Consultants net profit declines 31.97% in the December 2007 quarter
Bellary Steels & Alloys reports net loss of Rs 27.60 crore in the December 2007 quarter
TVS Motor Company net profit declines 49.13% in the December 2007 quarter
Shivam Autotech net profit declines 54.91% in the December 2007 quarter
State Trading Corporation of India net profit rises 70.70% in the December 2007 quarter
IL&FS Investment Managers net profit rises 54.72% in the December 2007 quarter
Nava Bharat Ventures net profit rises 106.56% in the December 2007
REI Agro net profit rises 4.55% in the December 2007 quarter
Century Textiles & Industries net profit rises 114.56% in the December 2007 quarter
Medicare net profit rises 57.44% in the December 2007 quarter
ICRA net profit rises 51.25% in the December 2007 quarter
Dishman Pharmaceuticals and Chemicals net profit rises 5.89% in the December 2007 quarter
Gujarat Industries Power Company net profit declines 4.06% in the December 2007 quarter
Hindustan Organic Chemicals net profit rises 51.42% in the December 2007 quarter
Vivimed Labs net profit rises 25.85% in the December 2007 quarter
Action Construction Equipments net profit rises 102.34% in the December 2007 quarter
Dish TV India reports net loss of Rs 116.44 crore in the December 2007 quarter
Vishal Retail reports net profit of Rs 15.56 crore in the December 2007 quarter
Alphageo India net profit declines 77.48% in the December 2007 quarter
Ashiana Housing net profit rises 150.83% in the December 2007 quarter
Radha Madhav Corporation net profit rises 34.18% in the December 2007 quarter
Honeywell Automation India net profit rises 12.50% in the December 2007 quarterIndian Railway Finance Corporation net profit rises 0.28% in the December 2007 quarter
Source: http://www.myiris.com and www.capitalmarket.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 Steel on consolidated basis registered a jump of 2.93 times in profit after minority interest and share of profits of associates at Rs 33,423.60 million for the quarter ended Sep. 30, 2007 as compared to Rs 11,391.10 million for the quarter ended Sep. 30, 2006.
Total Income increased 5.25 times from Rs 61,929.50 million for the quarter ended Sep. 30, 2006 to Rs 325,351.50 million for the quarter ended Sep. 30, 2007.
The group announced a phenomenal jump of 4.50 times in profit after minority interest and share of profits of associates at Rs 97,027.30 million for the six months ended Sep. 30, 2007 as compared to Rs 21,582.90 million for the six months ended Sep. 30, 2006.
Total Income rose 5.31 times from Rs 120,198.30 million for the six months ended Sep. 30, 2006 to Rs 638,716.30 million for the six months ended Sep. 30, 2007.
The previous period figures do not include Corus and the current period includes financial results of Corus, reviewed by the auditors, the company said in a release.
Report on Financial performance
Income from Operations
Total income for six months ended Sep. 30, 2007, amounted to Rs 638,720 million against Rs 120,200 million in the same period previous year. The increase comprise mainly of Rs 498,090 million of Corus income and increases of Rs 8,660 million in Indian operations, Rs 12,370 million in Nat Steel and Rs 5,120 million in Tata Steel, (Q, N,C,F)* Thailand.
Total Expenditure
Total expenditure for the six months ended Sep. 30, 2007 amounted to Rs 561,120 million against Rs 86,650 million during the previous years. The increase is primarily on account of inclusion of expenditure of Corus during the current year.
Shares of the company gained Rs 20.65, or 3.08%, to trade at Rs 692. The total volume of shares traded was 62,057 at the BSE. (10.32 a.m., Friday)
--------------------------------------------------------------
BHEL net rises 15.61% in Dec `07 qtr
Bharat Heavy Electricals (BHEL) disclosed steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 15.61% rise in profit to Rs 7,719 million from Rs 6,676.50 million in the quarter ended December 2006.
Net sales for the quarter rose 14.38% to Rs 49,641.40 million, compared with Rs 43,396.90 million in the corresponding quarter, a year ago.
Total income rose 15.55% to Rs 52,290 million for the quarter ended December 2007 from Rs 45,251.60 million for the same period last year.
The basic EPS after extraordinary item stood at Rs 15.77 for the quarter ended December 2007
BEML Q3 earnings climb 11.84%
India`s leading and Asia`s second largest manufacturer of earthmoving equipment, BEML reported a rise of 11.84% in earnings in the quarter ended December 2007, to Rs 592.40 million compared with Rs 529.70 million in the same quarter, last year. Total income for the quarter rose by 14.60% to Rs 6,407.60 million compared with the corresponding quarter, a year ago
Nandan Exim net rises 19% in Dec`07 qtr
Gujarat Industries Q3 net falls 4%
TVS Motor net drops 49.12% in Dec`07 qtr
Time Technoplast net down 48.71% for Dec `07 qtr
PTC India net drops 27.95% in Dec `07 qtr
Aegis Logistics net up 73.63% for Dec `07 qtr
Bharat Electronics Q3 net fall 23.76% on lower margin
Ashok Leyland Q3 net rises 14.21%
Federal Bank net rises 22.75% in Dec`07 qtr
STC net up 70.70% in Dec`07 qtr
REI Agro Q3 net rises 4.52%
Century Textiles net rises 2.15% for Dec`07 qtr
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Corporate Results
Nagarjuna Agri Tech net profit rises 11.54% in the December 2007 quarter
Sales decline 13.04% to Rs 0.80 crore
Bhuwalka Steel Industries net profit rises 227.78% in the December 2007 quarterSales rise 31.61% to Rs 126.71 crore
Solvay Pharma India net profit rises 117.12% in the December 2007 quarterSales rise 21.23% to Rs 45.85 crore
Poddar Pigments net profit rises 428.13% in the December 2007 quarterSales rise 0.38% to Rs 24.00 crore
Sam Leaseco reports net loss of Rs 0.02 crore in the December 2007 quarterNo sales reported in the quarter
PTC India net profit declines 27.96% in the December 2007 quarter
Onward Technologies reports net loss of Rs 0.90 crore in the December 2007 quarter
NILE net profit rises 39.44% in the December 2007 quarter
Available Finance net profit rises 10.00% in the December 2007 quarter
Volant Textile Mills reports net loss of Rs 0.14 crore in the December 2007 quarter
Hercules Hoists net profit rises 9.71% in the December 2007 quarter
Winro Commercial India net profit rises 333.60% in the December 2007 quarter
Shri Dinesh Mills net profit declines 34.50% in the December 2007 quarter
Ganesh Polytex net profit rises 77.08% in the December 2007 quarter
Fairfield Atlas net profit rises 760.47% in the December 2007 quarter
IQMS Software net profit rises 10700.00% in the December 2007 quarter
Barak Valley Cements reports net profit of Rs 1.71 crore in the December 2007 quarter
Punjab Alkalies & Chemicals net profit rises 132.88% in the December 2007 quarter
Ravindra Trading and Agencies reports no net profit or loss in the December 2007 quarter
Aroni Commercials net profit declines 44.03% in the December 2007 quarter
Gujarat Lease Financing reports net profit of Rs 0.03 crore in the December 2007 quarter
Bhoruka Aluminium net profit rises 28.05% in the December 2007 quarter
Force Motors reports net loss of Rs 22.43 crore in the December 2007 quarter
Camphor & Allied Products reports net profit of Rs 0.06 crore in the December 2007 quarter
Rasoya Proteins net profit rises 38.00% in the December 2007 quarter
Oil Country Tubular reports net profit of Rs 10.48 crore in the December 2007 quarter
Gujarat Carbon & Industries reports net loss of Rs 0.77 crore in the December 2007 quarter
Zenith Fibres net profit declines 42.11% in the December 2007 quarter
Kovilpatti Lakshmi Roller Flour Mills reports net loss of Rs 0.98 crore in the December 2007 quarter
Suryalata Spinning Mills net profit declines 44.74% in the December 2007 quarter
VBC Ferro Alloys reports net loss of Rs 0.38 crore in the December 2007 quarter
Anil Chemicals & Industries reports net profit of Rs 0.65 crore in the December 2007 quarter
Micro Technologies India net profit rises 64.42% in the December 2007 quarter
Emkay Shares & Stock Brokers net profit rises 302.55% in the December 2007 quarter
Southern Iron & Steel Company net profit rises 32.92% in the December 2007 quarter
OCL India net profit rises 73.51% in the December 2007 quarter
Natco Pharma net profit rises 23.25% in the December 2007 quarter
English Indian Clays net profit declines 17.20% in the December 2007 quarter
Sanghi Industries net profit declines 9.90% in the December 2007 quarter
Zee News reports net profit of Rs 12.83 crore in the December 2007 quarter
Rico Auto Industries net profit declines 33.68% in the December 2007 quarter
Meghmani Organics reports net profit of Rs 9.43 crore in the December 2007 quarter
UCO Bank net profit declines 32.67% in the December 2007 quarter
KEI Industries net profit rises 22.39% in the December 2007 quarter
ING Vysya Bank net profit rises 198.33% in the December 2007 quarterNovartis
Dr Reddy's Laboratories net profit declines 91.60% in the December 2007 quarter
Andhra Sugars net profit declines 77.85% in the December 2007 quarter
Dalmia Cement (Bharat) net profit rises 73.57% in the December 2007 quarter
Voltas net profit rises 143.03% in the December 2007 quarter
Ashok Leyland net profit rises 14.21% in the December 2007 quarter
Federal Bank net profit rises 22.76% in the December 2007 quarter
Bharat Electronics net profit declines 23.76% in the December 2007 quarter
Kirloskar Ferrous Industries net profit rises 22.14% in the December 2007 quarter
Kale Consultants net profit declines 31.97% in the December 2007 quarter
Bellary Steels & Alloys reports net loss of Rs 27.60 crore in the December 2007 quarter
TVS Motor Company net profit declines 49.13% in the December 2007 quarter
Shivam Autotech net profit declines 54.91% in the December 2007 quarter
State Trading Corporation of India net profit rises 70.70% in the December 2007 quarter
IL&FS Investment Managers net profit rises 54.72% in the December 2007 quarter
Nava Bharat Ventures net profit rises 106.56% in the December 2007
REI Agro net profit rises 4.55% in the December 2007 quarter
Century Textiles & Industries net profit rises 114.56% in the December 2007 quarter
Medicare net profit rises 57.44% in the December 2007 quarter
ICRA net profit rises 51.25% in the December 2007 quarter
Dishman Pharmaceuticals and Chemicals net profit rises 5.89% in the December 2007 quarter
Gujarat Industries Power Company net profit declines 4.06% in the December 2007 quarter
Hindustan Organic Chemicals net profit rises 51.42% in the December 2007 quarter
Vivimed Labs net profit rises 25.85% in the December 2007 quarter
Action Construction Equipments net profit rises 102.34% in the December 2007 quarter
Dish TV India reports net loss of Rs 116.44 crore in the December 2007 quarter
Vishal Retail reports net profit of Rs 15.56 crore in the December 2007 quarter
Alphageo India net profit declines 77.48% in the December 2007 quarter
Ashiana Housing net profit rises 150.83% in the December 2007 quarter
Radha Madhav Corporation net profit rises 34.18% in the December 2007 quarter
Honeywell Automation India net profit rises 12.50% in the December 2007 quarterIndian Railway Finance Corporation net profit rises 0.28% in the December 2007 quarter
Source: http://www.myiris.com and www.capitalmarket.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:
BEML etc,
BHEL,
Results: Tata Steel
Global CEOs of Indian origin
Global CEOs of Indian origin
Software major Adobe Systems has named Shantanu Narayen as president and CEO, effective December
1.Mr Narayen, currently president and COO, will also become a board member at the $2.5-billion firm. Next >>
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Top 20 rich Indians earn as much as 30 crore people
Top 20 rich Indians earn as much as 30 crore people in the country, former Reserve Bank Governor Bimal Jalan said on Friday while launching the high-profile NGO Public Interest Foundation here today. Pointing out that income disparities in the country have risen significantly, Jalan said the Foundation would endeavour to facilitate replication of best practices and success stories in social sector to the benefit of the deprived sections of the society. The high-profile NGO, launched on the eve of 59th Republic Day, will have cabinet secretary Naresh Chandra, CII mentor Tarun Das and noted industrialist Suresh Neotia as members of the governing council which will be headed by Jalan. The other members of the governing council will include chairman of UTI Bank Trust Arun Maira, advocate Shayamanand Jalan and industrialist Harshavardhan Neotia. Former chairman of Telecom Commission Anil Kumar will be the director of Foundation. "It is very critical to address the gap to improve the efficiency of public delivery system and that is the aim of the Foundation," Jalan said while elaborating the objectives of the NGO.
Former RBI chief also underlined the need for introducing a system of fixing accountability for implementation of the welfare schemes of the government. He further said that the state governments should be given some freedom to modify the centrally sponsored schemes to suit local conditions. The Foundation, which will initially function for a period three years, will run on interest of Rs 10 crore provided by the Neotia Foundation.
Ambanis, Tatas, Birlas big gainers on bourses
India's economy strong enough to weather global crisis: PM
NRIs emerge wise investors in stock market chaos
Citi CEO Pandit gets $26.7 mn stock, 3 mn options
Smart gadgets influence top executives
Source: http://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.
Software major Adobe Systems has named Shantanu Narayen as president and CEO, effective December
1.Mr Narayen, currently president and COO, will also become a board member at the $2.5-billion firm. Next >>
--------------------------------------------------------
Top 20 rich Indians earn as much as 30 crore people
Top 20 rich Indians earn as much as 30 crore people in the country, former Reserve Bank Governor Bimal Jalan said on Friday while launching the high-profile NGO Public Interest Foundation here today. Pointing out that income disparities in the country have risen significantly, Jalan said the Foundation would endeavour to facilitate replication of best practices and success stories in social sector to the benefit of the deprived sections of the society. The high-profile NGO, launched on the eve of 59th Republic Day, will have cabinet secretary Naresh Chandra, CII mentor Tarun Das and noted industrialist Suresh Neotia as members of the governing council which will be headed by Jalan. The other members of the governing council will include chairman of UTI Bank Trust Arun Maira, advocate Shayamanand Jalan and industrialist Harshavardhan Neotia. Former chairman of Telecom Commission Anil Kumar will be the director of Foundation. "It is very critical to address the gap to improve the efficiency of public delivery system and that is the aim of the Foundation," Jalan said while elaborating the objectives of the NGO.
Former RBI chief also underlined the need for introducing a system of fixing accountability for implementation of the welfare schemes of the government. He further said that the state governments should be given some freedom to modify the centrally sponsored schemes to suit local conditions. The Foundation, which will initially function for a period three years, will run on interest of Rs 10 crore provided by the Neotia Foundation.
Ambanis, Tatas, Birlas big gainers on bourses
India's economy strong enough to weather global crisis: PM
NRIs emerge wise investors in stock market chaos
Citi CEO Pandit gets $26.7 mn stock, 3 mn options
Smart gadgets influence top executives
Source: http://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.
Sensex sees highest gain at close, 1140 points up
Sensex sees highest gain at close
Bulls ride global wave; Sensex reclaims
Sensex ends 1140 pts up
Rally continues unabated; Sensex up 1000 pts
Video: Sensex makes a strong comeback
Indices soar; Sensex conquers 18000
Sensex sizzles
Bulls are back with a bang. Sensex zooms 1,140 points on hectic buying
As the bulls charged back with a vengeance and kept lapping up stocks at will, it was a virtual one way trip up north for several blue chip stocks and the benchmark indices Sensex and Nifty today. Buying remained so strong and consistent that for almost the entire duration of the session, all the components of the premier indices remained in the positive zone.
The Wall Street, amid choppy trade, had ended on a positive note yesterday. A strong rally on the Asian bourses and expectations of a cut in interest rates contributed to the buoyant opening this morning.
The fiscal package announced by the US government to prevent a slowdown of its economy, strong corporate results from other parts of the globe and on the home front were among the factors that contributed to the market's sparkling show today. And, as the session progressed, a positive opening on the European bourses lifted the sentiment further.
The Sensex and Nifty recorded their biggest ever intra-day gains today. While the Sensex, which touched a high of 18,406.25, closed with a gain of 1139.92 points or 6.62% at 18,361.66, the Nifty, which zoomed to 5399.25, settled at 5383.35, up 349.90 points or 6.95% over its previous closing mark.
So frenzied was the buying in blue chips that at one point of time, when all Sensex stocks were up in the positive territory, despite recording a sharp 2.3% surge, ACC found itself at the bottom of the list.
Some of the heavily battered realty, metal and capital goods sectors bounced back strongly today. Mirroring the sharp gains posted by key realty stocks, the BSE Realty index shot up by 10.41%. Among other sectoral indices, BSE Metal surged 9.73% and the Bankex advanced by 7.53%. The Auto, Capital Goods, Consumer Durables, Healthcare, IT, Oil & Gas, Power, PSU and Teck indices moved up by 5.5% - 7% while the FMCG index, which gained the least, went up by 4.73%!
Reliance Energy (11.85%) and ICICI Bank (11.2%) were in the limelight almost right through the session today, but it was Hindalco (14%) which topped the list of Sensex gainers in the end.
Larsen & Toubro (9.95%), NTPC (9.15%), Bajaj Auto (9.05%), Bharti Airtel (7.3%), Infosys Technologies (7.1%), Mahindra & Mahindra (7.8%), ONGC (7.55%), Tata Motors (7.7%), Tata Steel (6.4%), Ranbaxy Laboratories (6.1%), Hindustan Unilever (6.25%) and HDFC Bank (6.25%) also closed with hefty gains.
Reliance Industries, which remained relatively subdued, closed with a sharp gain of 4.8%. Realty stock DLF and FMCG heavyweight ITC gained 5.9% and 5.15% respectively. ACC, BHEL, Cipla, DLF, Grasim Industries, HDFC, ITC, Maruti Suzuki, Satyam Computer Services, State Bank of India, Tata Consultancy Services and Wipro moved up by 2% - 5%. Ambuja Cements, which missed out on the rally, finished with a small gain. However, on the National Stock Exchange, the stock ended with a sharp gain.
Unitech (17.7%) was the biggest gainer from the Nifty pack. SAIL recorded a gain of 15%. Nalco moved up by 12.85%. HCL Technologies gained nearly 8.5%. Punjab National Bank, Reliance Petroleum, ABB, Cairn India, Dr Reddy's Laboratories, VSNL, Hero Honda, Siemens, Sun Pharmaceuticals, Sterlite Industries, Tata Power and GAIL India advanced by 4% - 8%. BPCL and Zee Entertainment also closed on a high note. Suzlon Energy and GlaxoSmithKline Pharma ended with modest gains.
Quite a number of midcap stocks recorded handsome gains. Reflecting investor interest for stocks in that space, the Midcap index firmed up by 6.41% today. After experiencing an uncertain period this afternoon, smallcap stocks bounced back sharply. The barometer tracking the movements of these stocks, ended stronger by over 4%.
The market breadth, which remained a bit negative at one stage, turned positive as the session drew to a close. Out of 2758 stocks traded on BSE, 1558 stocks closed with gains. 1164 stocks finished lower and 36 stocks ended at their previous closing levels
-----------------------------------
The Sensex opened with a huge positive gap of 282 points at 17,504. Considerable buying support saw the index move higher as the day progressed.The index zoomed to an intra-day high of 18,406 towards the closing bell. The Sensex finally ended with a record gain of 1,140 points (6.6%) at 18,362 - the first-ever, four-digit single day gain for the index.
The Nifty gained 350 points to close at 5,383.
The index, however, ended the week on a negative note - down 652 points (3.4%).
For more: Sensex sees highest gain at close
------------------------------------------------------------------------
Source: http://www.sify.com and www.rediff.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.
Bulls ride global wave; Sensex reclaims
Sensex ends 1140 pts up
Rally continues unabated; Sensex up 1000 pts
Video: Sensex makes a strong comeback
Indices soar; Sensex conquers 18000
Sensex sizzles
Bulls are back with a bang. Sensex zooms 1,140 points on hectic buying
As the bulls charged back with a vengeance and kept lapping up stocks at will, it was a virtual one way trip up north for several blue chip stocks and the benchmark indices Sensex and Nifty today. Buying remained so strong and consistent that for almost the entire duration of the session, all the components of the premier indices remained in the positive zone.
The Wall Street, amid choppy trade, had ended on a positive note yesterday. A strong rally on the Asian bourses and expectations of a cut in interest rates contributed to the buoyant opening this morning.
The fiscal package announced by the US government to prevent a slowdown of its economy, strong corporate results from other parts of the globe and on the home front were among the factors that contributed to the market's sparkling show today. And, as the session progressed, a positive opening on the European bourses lifted the sentiment further.
The Sensex and Nifty recorded their biggest ever intra-day gains today. While the Sensex, which touched a high of 18,406.25, closed with a gain of 1139.92 points or 6.62% at 18,361.66, the Nifty, which zoomed to 5399.25, settled at 5383.35, up 349.90 points or 6.95% over its previous closing mark.
So frenzied was the buying in blue chips that at one point of time, when all Sensex stocks were up in the positive territory, despite recording a sharp 2.3% surge, ACC found itself at the bottom of the list.
Some of the heavily battered realty, metal and capital goods sectors bounced back strongly today. Mirroring the sharp gains posted by key realty stocks, the BSE Realty index shot up by 10.41%. Among other sectoral indices, BSE Metal surged 9.73% and the Bankex advanced by 7.53%. The Auto, Capital Goods, Consumer Durables, Healthcare, IT, Oil & Gas, Power, PSU and Teck indices moved up by 5.5% - 7% while the FMCG index, which gained the least, went up by 4.73%!
Reliance Energy (11.85%) and ICICI Bank (11.2%) were in the limelight almost right through the session today, but it was Hindalco (14%) which topped the list of Sensex gainers in the end.
Larsen & Toubro (9.95%), NTPC (9.15%), Bajaj Auto (9.05%), Bharti Airtel (7.3%), Infosys Technologies (7.1%), Mahindra & Mahindra (7.8%), ONGC (7.55%), Tata Motors (7.7%), Tata Steel (6.4%), Ranbaxy Laboratories (6.1%), Hindustan Unilever (6.25%) and HDFC Bank (6.25%) also closed with hefty gains.
Reliance Industries, which remained relatively subdued, closed with a sharp gain of 4.8%. Realty stock DLF and FMCG heavyweight ITC gained 5.9% and 5.15% respectively. ACC, BHEL, Cipla, DLF, Grasim Industries, HDFC, ITC, Maruti Suzuki, Satyam Computer Services, State Bank of India, Tata Consultancy Services and Wipro moved up by 2% - 5%. Ambuja Cements, which missed out on the rally, finished with a small gain. However, on the National Stock Exchange, the stock ended with a sharp gain.
Unitech (17.7%) was the biggest gainer from the Nifty pack. SAIL recorded a gain of 15%. Nalco moved up by 12.85%. HCL Technologies gained nearly 8.5%. Punjab National Bank, Reliance Petroleum, ABB, Cairn India, Dr Reddy's Laboratories, VSNL, Hero Honda, Siemens, Sun Pharmaceuticals, Sterlite Industries, Tata Power and GAIL India advanced by 4% - 8%. BPCL and Zee Entertainment also closed on a high note. Suzlon Energy and GlaxoSmithKline Pharma ended with modest gains.
Quite a number of midcap stocks recorded handsome gains. Reflecting investor interest for stocks in that space, the Midcap index firmed up by 6.41% today. After experiencing an uncertain period this afternoon, smallcap stocks bounced back sharply. The barometer tracking the movements of these stocks, ended stronger by over 4%.
The market breadth, which remained a bit negative at one stage, turned positive as the session drew to a close. Out of 2758 stocks traded on BSE, 1558 stocks closed with gains. 1164 stocks finished lower and 36 stocks ended at their previous closing levels
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The Sensex opened with a huge positive gap of 282 points at 17,504. Considerable buying support saw the index move higher as the day progressed.The index zoomed to an intra-day high of 18,406 towards the closing bell. The Sensex finally ended with a record gain of 1,140 points (6.6%) at 18,362 - the first-ever, four-digit single day gain for the index.
The Nifty gained 350 points to close at 5,383.
The index, however, ended the week on a negative note - down 652 points (3.4%).
For more: Sensex sees highest gain at close
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